Is this right? ...

[KarmaUK]

Are my following thoughts on bitcoins correct?

- Everyone is trying to con everyone?
- Difficult to buy?
- Difficult to sell?
- Bad time to get in unless looking at the long-term?
- Value has gone from $70 to $90 today?

Serious questions!

Thanks  

Edit: Bonus question: Why has the value increased so rapidly over the past day?

[DannyHamilton]

Are my following thoughts on bitcoins correct?

No.

- Everyone is trying to con everyone?

No.

- Difficult to buy?

No.

- Difficult to sell?

No.

- Bad time to get in unless looking at the long-term?

No.

- Value has gone from $70 to $90 today?

No. So far, the exchange rate has gone from $80 to $96 today. (at least in my timezone)

Edit: Bonus question: Why has the value increased so rapidly over the past day?

It is growing in popularity and recognition.  The availability is limited.  An increasing number of people bidding on something of limited availability tends to drive up the price as more people are willing to pay more for what they want.

[pbnkb]

troll

[Manstef]

I don't think a panic sell is on the cards for the aforementioned reasons.

I've no choice but to be slightly off topic here (sorry moderators) but I was reading some of these forums here and it seemed there were some big gainers in that particular thread. I got this sense when they were talking about buying luxury cars as a way of securing assets from their recent gains.

But the fact is they were not giving up!

I think there's too much belief in the inherent value of BTC, for savers to shed all their crypto currency.

What's more, we have these public forums where people can assuage their worries in the community, like I am now!
There are far less shady backdoor deals going on that can exist outside the network in the fiats, because WE KNOW no one controls the fate of BTC other than us users.

[deadweasel]

I don't think a panic sell is on the cards for the aforementioned reasons.

I've no choice but to be slightly off topic here (sorry moderators) but I was reading some of these forums here and it seemed there were some big gainers in that particular thread. I got this sense when they were talking about buying luxury cars as a way of securing assets from their recent gains.

But the fact is they were not giving up!

I think there's too much belief in the inherent value of BTC, for savers to shed all their crypto currency.

What's more, we have these public forums where people can assuage their worries in the community, like I am now!
There are far less shady backdoor deals going on that can exist outside the network in the fiats, because WE KNOW no one controls the fate of BTC other than us users.

There are far more shady deals going on in FIAT because there is far more of it and 7 billion users of it.  But the relative percentage of scams to deals is likely the same as BTC.  Problem is there aren't any real numbers.

[Manstef]

Maybe, but I believe we are protected from a large scale coordinated fraud with BTC

As for the accurate number issue, cant this be determined from the blockchain?