lucif (OP)
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Clown prophet
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April 09, 2013, 08:09:31 AM |
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then we'd all be millionaires  Not all, not all... |
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ruski
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April 09, 2013, 08:09:39 AM |
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Tell me, why should I buy something for 1BTC and wait two weeks delivery, when after two weeks it will probably cost 0.5BTC?
And herein lies the problem of a rapidly deflationary economy. I guess you buy it because you want it. |
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And1
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April 09, 2013, 09:50:31 AM |
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When buy something for BTC need to buy new coins first. Than it will be like payng 180$ dollars for something, not 1 BTC which will be worth 1000$ after some time (pizza).
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siulynot
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Activity: 1274
Merit: 1000
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April 09, 2013, 09:56:38 AM |
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There is evidently new money flowing. The bids are filling quickly after a sell-off.
There is another wedge forming now - will that be invalidated as the previous ones?
Bids owners may be surprised soon that this 2-billion bubble lays on two single points of failure: mtgox and bitpay. Big merchants dont accept Bitcoin, they accept Bitpay, who hedges at mtgox. If something will go wrong with either mtgox or bitpay, goods and services turnover will just disappear in >90% volume, as merchants who accept natural Bitcoin are paralyzed now due to volatility. And will stay paralyzed for a long period of time. However lets eat popcorn. I would add MPOE to that mix... http://polimedia.us/trilema/2013/mpoe-march-2013-statement/a 700k btc operation may default on April because of some options made there. If i recall, 700k is enought to get the price to $0 seven times... |
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lucif (OP)
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April 09, 2013, 10:01:10 AM |
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mpex is secondary. It does not pump blood via financial vessels of economy. |
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siulynot
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April 09, 2013, 10:03:54 AM |
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mpex is secondary. It does not pump blood via financial vessels of economy. But it does own a bunch of bitcoins, that in the case of a default may be sold. At least a small portion is enough to make a pop. |
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essem
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April 09, 2013, 10:15:40 AM |
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Silkroad has a hedging option when money is placed in escrow. Some vendors don't use it though, so let's hope they remember the money they have made and not what they will lose when the bubble bursts and they decide to not fulfill orders at a loss Tell me, why should I buy something for 1BTC and wait two weeks delivery, when after two weeks it will probably cost 0.5BTC? Crack cocaine is helluva drug |
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lucif (OP)
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April 09, 2013, 10:22:31 AM |
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And we have new all time high
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molecular
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April 09, 2013, 10:36:47 AM |
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Silkroad has a hedging option when money is placed in escrow. Some vendors don't use it though, so let's hope they remember the money they have made and not what they will lose when the bubble bursts and they decide to not fulfill orders at a loss Tell me, why should I buy something for 1BTC and wait two weeks delivery, when after two weeks it will probably cost 0.5BTC? Because you can just take $197 to buy the 1BTC, then buy your product. Same as buying 0.5 BTC for $197 later. |
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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lucif (OP)
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Activity: 462
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Clown prophet
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April 09, 2013, 01:31:21 PM |
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What the hell going on on twitter...  |
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ElectricMucus
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Marketing manager - GO MP
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April 09, 2013, 01:32:59 PM |
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Delusion phase started yesterday, lets see how long it lasts |
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siulynot
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April 09, 2013, 01:38:17 PM |
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What the hell going on on twitter... Target? Whos target? |
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lucif (OP)
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Clown prophet
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April 09, 2013, 01:39:59 PM |
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Manticore
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April 09, 2013, 01:45:09 PM |
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Delusion phase started yesterday, lets see how long it lasts Oh, this is a full-blown bubble. I am finished calling tops. This could now go into the 1000s. Asian gamblers (and perhaps some Russians) could push this to bizarre heights. |
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BrightAnarchist
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April 09, 2013, 03:12:44 PM |
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if this bubble pops and we get to single digits it will become hilarious
Hah, I think I'm the only person on the planet left who actually thinks this is exactly how it'll play out Maybe Proudhon too... |
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lucif (OP)
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Activity: 462
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Clown prophet
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April 09, 2013, 03:19:51 PM |
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No single digits before wave 5 off $0 low. Drop should not be lower $32
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zby
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April 09, 2013, 03:38:06 PM |
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Show us some new chart-porn!
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Viceroy
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April 09, 2013, 03:55:15 PM |
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Delusion phase started yesterday, lets see how long it lasts Oh, this is a full-blown bubble. I am finished calling tops. This could now go into the 1000s. Asian gamblers (and perhaps some Russians) could push this to bizarre heights. WOOT WOOT WOOT HERE IT IS!!!! |
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Manticore
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April 09, 2013, 03:56:29 PM |
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if this bubble pops and we get to single digits it will become hilarious
Hah, I think I'm the only person on the planet left who actually thinks this is exactly how it'll play out Maybe Proudhon too... No, you're not. This is the purest bubble the world's ever seen.....a true digital tulip at these prices (and poised to go much higher). This is Nasdaq, October 1999. It's so very difficult to predict how irrational the exuberance will become. The feedback loop will likely accelerate this thing over the next couple of weeks. We will probably start seeing dizzying gains each day (20%, 30%, 50%, etc) with little selling. When the buyers dry up and all the big holders sense we've topped, wow.......wow.......it's going to be amazing. Yes, chart porn. |
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