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Author Topic: Just woke up and BTC is OVER $134!!??  (Read 5485 times)
desired_username
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April 03, 2013, 08:00:11 AM
 #21

I have happy mornings since I've started with BTC (mining and long positions).

All hail BTC Cheesy

Bubble? I would say pushing the world towards balance ;-)
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pumawolf
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April 03, 2013, 08:02:13 AM
 #22

I have happy mornings since I've started with BTC (mining and long positions).

All hail BTC Cheesy

Bubble? I would say pushing the world towards balance ;-)
agreed, now we get to have a say in this nutty world they have turned it into. peace my bitcoin brethren
dg2010
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April 03, 2013, 08:02:29 AM
 #23

you dont understand the word growth my friend

people put their money, enforcing this growth

Thank you for highlighting how utterly uninformed you are.

Yes, people are pumping money into Bitcoin for the simple reason that they hope to cash out at a higher price = speculation.

That is not sustainable, that is basically a Ponzi Pyramid scheme.

The only way Bitcoin can be successful is if there is REAL trade going on. That is, people are buying goods and services with their bitcoins, and unfortunately that market is still relatively small in comparison to the recent price jumps. Yes that market is growing and yes the value of Bitcoins is going to grow, just not at this ridiculous rate.

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April 03, 2013, 08:04:42 AM
 #24

you dont understand the word growth my friend

people put their money, enforcing this growth

Thank you for highlighting how utterly uninformed you are.

Yes, people are pumping money into Bitcoin for the simple reason that they hope to cash out at a higher price = speculation.

That is not sustainable, that is basically a Ponzi Pyramid scheme.

The only way Bitcoin can be successful is if there is REAL trade going on. That is, people are buying goods and services with their bitcoins, and unfortunately that market is still relatively small in comparison to the recent price jumps. Yes that market is growing and yes the value of Bitcoins is going to grow, just not at this ridiculous rate.
sorry but in a ponzi/pyramid scheme there is a promised value increase, bitcoin does not promise, it's purely based on real growth of usage

don't be sad you dont own bitcoins in this runup like all of us who are now millionaires
pumawolf
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April 03, 2013, 08:08:16 AM
 #25

hopefully the price rise is just  alot of company startin to get into the mix,  western union is supposdely  gonna get in the action.
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April 03, 2013, 08:09:39 AM
 #26

WTF is going on? This has to be a bubble??

[just woke up too, and saw the price] - big believer in bitcoin, long term holder of bitcoin, and I really have to agree.  I expect a correction down to 100, maybe below.  This is very much a bubble.  I'm not selling, because I think long term it will rise back again, but equally I'm not going to be shocked when it drops like a stone pretty soon, all part of the eventual growth of bitcoin - it's just too soon for prices like this.  It's not good for bitcoin because it encourages hoarding rather than spending - we need more stability than this.

Will

desired_username
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April 03, 2013, 08:10:24 AM
 #27

you dont understand the word growth my friend

people put their money, enforcing this growth

Thank you for highlighting how utterly uninformed you are.

Yes, people are pumping money into Bitcoin for the simple reason that they hope to cash out at a higher price = speculation.

That is not sustainable, that is basically a Ponzi Pyramid scheme.

The only way Bitcoin can be successful is if there is REAL trade going on. That is, people are buying goods and services with their bitcoins, and unfortunately that market is still relatively small in comparison to the recent price jumps. Yes that market is growing and yes the value of Bitcoins is going to grow, just not at this ridiculous rate.


Transferring or *keeping* money without ridiculous fees (and without a big brother)....do I need to say more? ;-)

I consider 1 aspect which is a real threat to this economy: a fundamental technical fault in the protocol. This what you good people need to keep an eye on.

WE NEED FREE MONEY!


EndTheFed321
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April 03, 2013, 08:14:39 AM
 #28

Yes, desired_username Free money will Free us all  Grin

dg2010
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April 03, 2013, 08:22:23 AM
 #29

Mod just moved topic into the Speculation forum.

Case closed?

Le Happy Merchant
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April 03, 2013, 08:23:20 AM
 #30

i just went from  broke to poor  all in the same day, if it rises anymore  i can eat at in n out  instead of mcdonalds.

I like this, and therefore I like you. If you had an address I would tip you.

Grouver (BtcBalance)
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April 03, 2013, 08:28:05 AM
 #31

I don't like the price rising.
It makes Bitcoin unuseable right now.
Why buy a product of $100 for 1 BTC if I can buy it tommorow for 0.5 BTC?
Pure speculation... this is.

wopwop
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April 03, 2013, 08:30:58 AM
 #32

I don't like the price rising.
It makes Bitcoin unuseable right now.
Why buy a product of $100 for 1 BTC if I can buy it tommorow for 0.5 BTC?
Pure speculation... this is.

you are clearly not a professional value trader like most of us here

adapt to the future my friend, it is here and it is coming with bitcoins
desired_username
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April 03, 2013, 08:33:14 AM
 #33

WTF is going on? This has to be a bubble??

[just woke up too, and saw the price] - big believer in bitcoin, long term holder of bitcoin, and I really have to agree.  I expect a correction down to 100, maybe below.  This is very much a bubble.  I'm not selling, because I think long term it will rise back again, but equally I'm not going to be shocked when it drops like a stone pretty soon, all part of the eventual growth of bitcoin - it's just too soon for prices like this.  It's not good for bitcoin because it encourages hoarding rather than spending - we need more stability than this.

Will

Stability will come after wider adoption. As it has been said before, BTC have a long road to go. If it will be a success then this price is embarrassingly low (consider the market cap)

Wider adoption means more and more companies accepting it, in analogy, a better infrastructure.
zedicus
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April 03, 2013, 08:35:29 AM
 #34

sleeping is now banned!

Must get fancy acupuncture and concentrate daniel son! Smiley

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carborundum
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April 03, 2013, 08:36:14 AM
 #35

i just went from  broke to poor  all in the same day, if it rises anymore  i can eat at in n out  instead of mcdonalds.
I can relate to that. I went from pocket money to motorbike in one day. If only... IF ONLY..... ***IF ONLY***
dg2010
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April 03, 2013, 08:38:40 AM
 #36

you are clearly not a professional value trader like most of us here

adapt to the future my friend, it is here and it is coming with bitcoins
[/quote]

Professional value trader? ROFL. Please stop talking.

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April 03, 2013, 08:51:05 AM
 #37

how long does  bubbles  usually last outside of bitcoin,   in wallstreet  or what not.

No point looking outside of Bitcoin because the dynamics are different. But bubbles usually take many years to mature, and in most cases it's not seen as a bubble because real economic trade continues and masks the nature of the bubble.

Bitcoin bubble is like 1000% in a few months, and no equivalent uptick in trade? How do you explain that one? You can't.

Bubble usually burst when the man in the street is buying
Amitabh S
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April 03, 2013, 08:53:30 AM
 #38

Even a bubble at this price is safe Grin Grin Grin Grin

Coinsecure referral ID: https://coinsecure.in/signup/refamit (use this link to signup)
desired_username
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April 03, 2013, 08:55:03 AM
 #39

how long does  bubbles  usually last outside of bitcoin,   in wallstreet  or what not.

No point looking outside of Bitcoin because the dynamics are different. But bubbles usually take many years to mature, and in most cases it's not seen as a bubble because real economic trade continues and masks the nature of the bubble.

Bitcoin bubble is like 1000% in a few months, and no equivalent uptick in trade? How do you explain that one? You can't.

Bubble usually burst when the man in the street is buying


"men in the street" started this
Le Happy Merchant
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April 03, 2013, 08:58:28 AM
 #40

Why buy a product of $100 for 1 BTC if I can buy it tommorow for 0.5 BTC?

Because you can buy 1 BTC today for the price of 0.5 BTC tomorrow.

When you need to buy through BTC do it fast enough and it won't matter.

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