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evolve (OP)
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April 03, 2013, 05:13:11 AM |
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...does not look like this:  |
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"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
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mb300sd
Legendary
 Offline
Activity: 1260
Merit: 1000
Drunk Posts
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April 03, 2013, 05:22:25 AM |
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it looks like this!  |
1D7FJWRzeKa4SLmTznd3JpeNU13L1ErEco
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BitPirate
Full Member
Offline
Activity: 238
Merit: 100
RMBTB.com: The secure BTC:CNY exchange. 0% fee!
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April 03, 2013, 05:33:53 AM |
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Do we have to have this same conversation every week?
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wopwop
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April 03, 2013, 05:34:17 AM |
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We'll definitely go to 500$ by May
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wopwop
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April 03, 2013, 05:37:59 AM |
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We'll definitely go to 500$ by May
Whatever religion you're into... please pray for that  Bitcoin is the religion And I believe in it |
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beckspace
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April 03, 2013, 05:43:11 AM |
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Dat volume! Those are just lines on a chart!  |
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evolve (OP)
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April 03, 2013, 05:54:28 AM |
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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
And I believe in it
....and this is why. |
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Crazy
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April 03, 2013, 05:56:51 AM |
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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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Elon Krusky
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wopwop
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April 03, 2013, 05:59:13 AM |
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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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Crazy
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April 03, 2013, 06:01:35 AM |
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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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Elon Krusky
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slothbag
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April 03, 2013, 06:03:19 AM |
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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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wopwop
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April 03, 2013, 06:05:15 AM |
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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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Franktank
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April 03, 2013, 06:06:08 AM |
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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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BTC Books
Member
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Activity: 84
Merit: 10
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April 03, 2013, 06:38:10 AM |
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...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...
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evolve (OP)
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April 03, 2013, 07:14:32 PM
Last edit: April 03, 2013, 07:36:28 PM by evolve |
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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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