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Author Topic: Second Great Bitcoin Bubble?  (Read 1072 times)
bonker
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February 22, 2013, 04:44:41 PM
 #1

I just been watching the prices and we're hurtling towardsrecord highs. SO whats going down?
Is this:

1) Fundamental value being priced in
2) General inflationary pressure along with oil and stocks
3) A manipulated bubble event ready to smack bulls

answers on a postcard please...

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February 22, 2013, 04:49:17 PM
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The Manipulator is back!  Shocked

But seriously, new money is coming in, as long as the old guard resists the temptation to liquidate we can still go a lot higher.
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February 22, 2013, 04:56:03 PM
 #3

People realizing that bitcoin cannot crash and die like a stock, and after seeing it's recovery from the last bubble, I think they're doing some real homework and realizing it's potential.

The word is spreading and demand is going up, but half of the Bitcoins that will ever exist have already been distributed, and after the block split, there are fewer new coins going up for sale.

You can't forge them and they can't be seized. You can encrypt and backup your wallet, then bury it/email it/print it, and the coins will still be on it regardless of where you accessing it from.

Bitcoin is beginning to click  Wink
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February 22, 2013, 04:57:18 PM
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[...]can still go a lot higher.

Understatement, if ever there was one  Tongue
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February 22, 2013, 05:31:53 PM
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I see announcements dropping like dominoes about new bitcoin related things. It's almost like a self feedback loop.. the higher the price goes the more viable it becomes at what it's meant to do. That in itself gives it more worth.
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