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Author Topic: Bitcoin, the tiny market that keeps getting bigger!  (Read 1335 times)
adamstgBit (OP)
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March 10, 2013, 12:14:44 AM
 #1

Everyone knows the bitcoin market is TINY!  there are a vast amounts of people who's net worth is far grater then the whole bitcoin market, for these people investing in bitcoin makes very little sense... right now... because if they tried to enter and then exit the market, this would first pump up the price to unbelievable new heights, and then as they cash out the market would crash in a heart beat!

These are the people that will be buying 1000$ bitcoins 10 years from now. because by then the market will have grown enough to allow these people to enter and exit the market without insane volatility.

As long as bitcoin holds true to its promises ( limited supply, unhackable, imposable to centrally control ) then we can expect to have bigger and bigger fish come into the market!

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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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March 10, 2013, 12:15:22 AM
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Crash!!!  Grin
adamstgBit (OP)
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March 10, 2013, 12:15:48 AM
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Crash!!!  Grin

LMAFO!  Grin

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March 10, 2013, 12:16:23 AM
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Yes Adam. Start listen to your self!  Cheesy
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March 10, 2013, 01:39:42 AM
 #5

Everyone knows the bitcoin market is TINY!  there are a vast amounts of people who's net worth is far grater then the whole bitcoin market, for these people investing in bitcoin makes very little sense... right now... because if they tried to enter and then exit the market, this would first pump up the price to unbelievable new heights, and then as they cash out the market would crash in a heart beat!

These are the people that will be buying 1000$ bitcoins 10 years from now. because by then the market will have grown enough to allow these people to enter and exit the market without insane volatility.

As long as bitcoin holds true to its promises ( limited supply, unhackable, imposable to centrally control ) then we can expect to have bigger and bigger fish come into the market!

When I first found bitcoin my wealth would have pumped the market price up 10x rather easily, and I didn't have very much wealth. To say that investing in bitcoin at that point made little sense is what makes little sense. Of course, exiting the market right after you enter it and before it sees the growth you anticipate does make little sense.

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March 10, 2013, 01:45:42 AM
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Everyone knows the bitcoin market is TINY!  there are a vast amounts of people who's net worth is far grater then the whole bitcoin market, for these people investing in bitcoin makes very little sense... right now... because if they tried to enter and then exit the market, this would first pump up the price to unbelievable new heights, and then as they cash out the market would crash in a heart beat!

These are the people that will be buying 1000$ bitcoins 10 years from now. because by then the market will have grown enough to allow these people to enter and exit the market without insane volatility.

As long as bitcoin holds true to its promises ( limited supply, unhackable, imposable to centrally control ) then we can expect to have bigger and bigger fish come into the market!

When I first found bitcoin my wealth would have pumped the market price up 10x rather easily, and I didn't have very much wealth. To say that investing in bitcoin at that point made little sense is what makes little sense. Of course, exiting the market right after you enter it and before it sees the growth you anticipate does make little sense.

Great clarification.  The large players would just invest 0.00005% of their wealth.  It will either be an insignificant loss or it will grow to match his other investment classes in value.

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March 10, 2013, 01:52:53 AM
 #7

Adam, it bother's me that you're a bull... This does not look good.

It seemed like a good idea at the time.
adamstgBit (OP)
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March 10, 2013, 01:59:04 AM
 #8

Everyone knows the bitcoin market is TINY!  there are a vast amounts of people who's net worth is far grater then the whole bitcoin market, for these people investing in bitcoin makes very little sense... right now... because if they tried to enter and then exit the market, this would first pump up the price to unbelievable new heights, and then as they cash out the market would crash in a heart beat!

These are the people that will be buying 1000$ bitcoins 10 years from now. because by then the market will have grown enough to allow these people to enter and exit the market without insane volatility.

As long as bitcoin holds true to its promises ( limited supply, unhackable, imposable to centrally control ) then we can expect to have bigger and bigger fish come into the market!

When I first found bitcoin my wealth would have pumped the market price up 10x rather easily, and I didn't have very much wealth. To say that investing in bitcoin at that point made little sense is what makes little sense. Of course, exiting the market right after you enter it and before it sees the growth you anticipate does make little sense.

Great clarification.  The large players would just invest 0.00005% of their wealth.  It will either be an insignificant loss or it will grow to match his other investment classes in value.

investing 0.00005% of their wealth, is a wast of their time. They will invest when they feel comfortable with liquidity? maybe!


Adam, it bother's me that you're a bull... This does not look good.

I am very bullish at this time, prices will keep going up faster and faster, with no end in sight!  Grin

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March 10, 2013, 02:48:38 AM
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What turned you into a bull? I thought you were a bear?

It seemed like a good idea at the time.
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March 10, 2013, 02:55:55 AM
 #10

What turned you into a bull? I thought you were a bear?

He's a beall. I've seen posts where he is both bear and bull in the same damn sentence.

This!

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Raoul Duke
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March 10, 2013, 02:56:39 AM
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I am very bullish at this time, prices will keep going up faster and faster, with no end in sight!  Grin

Ok, I'll sell all of mine right now, if that's what you say.
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March 10, 2013, 02:57:21 AM
 #12

I am very bullish at this time, prices will keep going up faster and faster, with no end in sight!  Grin

*Finger hovers over the sell button*

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adamstgBit (OP)
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March 10, 2013, 03:36:36 AM
 #13

What turned you into a bull? I thought you were a bear?

He's a beall. I've seen posts where he is both bear and bull in the same damn sentence.

This!
LOL!
 Grin

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March 10, 2013, 01:30:41 PM
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Adam is an attention w bear.
BitcoinAshley
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March 10, 2013, 02:12:16 PM
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Quote from: adamstgBit
who's


Whose post is this... is it the guy who's finally given up on calling crashes that don't happen every 2 days? 

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