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Author Topic: Sustainable growth  (Read 1207 times)
evolve
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April 03, 2013, 05:13:11 AM
 #1

...does not look like this:




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April 03, 2013, 05:22:25 AM
 #2

it looks like this!


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April 03, 2013, 05:33:53 AM
 #3

Do we have to have this same conversation every week?

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April 03, 2013, 05:34:17 AM
 #4

We'll definitely go to 500$ by May
deathcode
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April 03, 2013, 05:35:56 AM
 #5

We'll definitely go to 500$ by May

Whatever religion you're into... please pray for that Smiley

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April 03, 2013, 05:37:59 AM
 #6

We'll definitely go to 500$ by May

Whatever religion you're into... please pray for that Smiley

Bitcoin is the religion

And I believe in it
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April 03, 2013, 05:43:11 AM
 #7

Dat volume!

Those are just lines on a chart!





        ▄▄███████████▄▄      
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             ▀▀▀▀▀▀          
evolve
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April 03, 2013, 05:54:28 AM
 #8

it looks like this!

*log chart*

Yeah, that still doesn't look sustainable...putting it on a logarithmic scale doesn't really change the base information, does it?




Do we have to have this same conversation every week?

Yup....



Bitcoin is the religion

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....and this is why.
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April 03, 2013, 05:56:51 AM
 #9

Just saw an insane move to the upside, am I alone in thinking someone is behind this? I saw a big ~2400 BTC buy @ $122.90 and it just kept pumping in up to ~$126.90

$300k+ purchase just like that?
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April 03, 2013, 05:59:13 AM
 #10

Just saw an insane move to the upside, am I alone in thinking someone is behind this? I saw a big ~2400 BTC buy @ $122.90 and it just kept pumping in up to ~$126.90

$300k+ purchase just like that?
Some people really trust Bitcoin will be used in the future alot
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April 03, 2013, 06:01:35 AM
 #11

Seems so, he just bought it up to $130. Mind you I'm more concerned with consolidating a ton of BTC to one individual or entity.
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April 03, 2013, 06:03:19 AM
 #12

There is definitely a slow and steady buying happening at whatever the current price happens to be.. on average its like 10btc per 3-5 minutes.. it is relentless, ask walls are inevitably chewed through, bear dumps are slowly and surely bought back..

I can only imagine that we are running out of bears with funds to fight back..

Up we go!

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April 03, 2013, 06:05:15 AM
 #13

I would love to know how many tech savvy high net worth individuals are buying right now.
Tech savvy people start a mining rig to profit

It's the non tech savvy people that inflow the USD
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April 03, 2013, 06:06:08 AM
 #14

I would love to know how many tech savvy high net worth individuals are buying right now.
Tech savvy people start a mining rig to profit

It's the non tech savvy people that inflow the USD

Shhhh! Don't spoil the secret!! COME ON!!!
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April 03, 2013, 06:38:10 AM
 #15

...does not look like this:






Oddly enough, I completely agree with you, evolve.

You're... what?  A very long term bull and a short to mid-term bear?  I'm a total bull:  to me, crashes are a buying opportunity - nothing more.

Eh.  That doesn't matter.

Here's the thing - it's a matter of perception; of historical perspective if you will.  While I agree that this doesn't look even remotely like sustainable growth, I question the foundation of looking at bitcoin like that.  I can't look at it like a stock, or an investment in the real world and its goods of any kind.

So answer me this:  what if - rather than the unsustainable growth of a fictitious commodity - bitcoin is nothing more than the release of a decades or even centuries-long pent up demand for an end to the control imposed on us by those who now own the wealth of the world?

Because that's how I see it.  I see it catching on like fire in a drought.  One by one people begin to understand that there is an alternative, and all they have to do is grab on.

So yeah, there'll be a crash, or a correction or whatever you care to call it.  But it won't matter - not even in the short term.

The cat is out of the bag...

Dankedan: price seems low, time to sell I think...
evolve
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April 03, 2013, 07:14:32 PM
 #16

I think that although we have fundamentally different ways of looking at bitcoin, you seem to approach it in a healthy manner (in that you are prepared for crashes, and that those crashes likely wont have an appreciable impact on your lifestyle). So while we disagree on BTC's trajectory, I can respect your point of veiw.

However, my posts aren't really directed towards people with relatively sane (if not a bit overly optimistic, IMO) veiws.  I'm hoping to reach some of those people who are taking out loans or otherwise leveraging debt to buy BTC; the people who are going to be in a world of hurt if and when BTC crashes.  A lot of people around here are deluding themselves into thinking that a 2011 style crash isn't possible again.  Even worse, you have a large percentage of people on this forum actively encouraging people to risk their livelihood on BTC. Somebody has to provide the voice of reason.



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