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Author Topic: BTC a Bubble? U sir are MAD!!  (Read 467 times)
GnoSiS
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March 22, 2013, 01:52:15 AM
 #1

I believe that we're still in a very early adoption phase.

Even if someone decides to sell out 1M USD worth of BTC crashing the market, it would recover in less than a couple of days.
Even if someone decides to sell out 10M USD worth of BTC crashing the marketx2, it would recover in less than a couple of daysx2, And I would still buy like MAD.

If you think this price is expensive and that this is a bubble, wait until the new BTC exchanges start their services... I'm talking easily 100USD/BTC.

Then there will be more news, then there will be more adoption, than there will be more bad news about sovereign debt around the globe... 200USD/BTC

Then there will be more money printing, then there will be more austerity measures... 300USD/BTC.

Then there will be more taxes, then the USA will invade N. Korea, then there will be war in the middle east... 400USD/BTC

In the far future, the 1% of the population can keep their printed papers and their monetary Database INSERTS.
You have to understand NOW that printed paper and banking DB ledgers can't be trusted, cause the people that control them can't be trusted, and currencies are all about control and trust.

BTC is not an investment, I'm not gonna close this trade position and call my winnings, cause it's not a position, it's the future.

my 2c..

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March 22, 2013, 01:53:58 AM
 #2

When, or rather if, Bitcoin has become ubiquitous enough that every Tom, Dick and Granny is using it, it won't be anything like $400 per BTC but rather closer to $400 kay per BTC. Just sayin'. Signed, an Überbull. Smiley

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yogi
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March 22, 2013, 02:01:05 AM
 #3

When, or rather if, Bitcoin has become ubiquitous enough that every Tom, Dick and Granny is using it, it won't be anything like $400 per BTC but rather closer to $400 kay per BTC. Just sayin'. Signed, an Überbull. Smiley

My 95 year old granny owns some bitcoins. I said to her she should buy some and she just took my word for it. She has no idea what they are, but she is please by how much they are now worth.

GnoSiS
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March 22, 2013, 02:01:53 AM
 #4

When, or rather if, Bitcoin has become ubiquitous enough that every Tom, Dick and Granny is using it, it won't be anything like $400 per BTC but rather closer to $400 kay per BTC. Just sayin'. Signed, an Überbull. Smiley

After 100s of years we will measure BTC value in goods and not in other currencies cause there won't be any other currencies (other than cryptocurencies perhaps or spinoffs).

Perhaps BTC will be renamed to Digital Dollar or some other stupid name, once a country decides to adopt it for paying wages and accepting taxes.
iTradeChips
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March 22, 2013, 02:02:48 AM
 #5

its not a bubble imo. its rising so fast because it is filling a huge void in the financial market if i am using the right words.

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rm187
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March 22, 2013, 05:20:40 AM
 #6

When, or rather if, Bitcoin has become ubiquitous enough that every Tom, Dick and Granny is using it, it won't be anything like $400 per BTC but rather closer to $400 kay per BTC. Just sayin'. Signed, an Überbull. Smiley

My 95 year old granny owns some bitcoins. I said to her she should buy some and she just took my word for it. She has no idea what they are, but she is please by how much they are now worth.

I drove to my parents and talked for about 30mins and tryed them to get into it past 2 days. They just don't get it.
"If its not on the NYSE its not real"

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Lethn
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March 22, 2013, 05:37:19 AM
 #7

My parents think it's a scam.... LOL suckers Cheesy
Crystallas
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March 22, 2013, 05:41:27 AM
 #8

I don't think people understand how bubbles work, if they call BitCoin's surge, a bubble.
PimpBot5000
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March 22, 2013, 07:34:25 AM
 #9

If it takes a steep dip, and you believe in it, that's when you buy more. It's just like stocks. You get it when it goes down for when it goes back up.
rcv
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March 22, 2013, 08:24:56 AM
 #10

Open-minded, here.  Technical traders who sit in their ivory towers (or wherever they sit) are happy to trade anything.  They just look at the charts.

What about those who trade on fundamentals?  There's nothing backing BTC.

Is BTC nothing more than an experiment in supply and demand, where the textbook widgets are called BTC?
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