Just woke up and BTC is OVER $134!!??

[DoomDumas]

Bitcoin is the new future money of the REAL WORLD but you are just too blind to see it

It may well be, that doesn't explain why the price has gone from $10-$130 in a few months. That sort of growth is clearly speculative and therefore unsustainable and at some point there will be a correction.

You can believe in the future of bitcoin without sticking your head in the sand, which unfortunately seems to be the standard response for many people here.

If bitcoin is going to grow and be successful it will have to be based upon actual value and real growth, not simply speculation.

I read the same when BTC were at 13, 30, 50, 75, 90.. peoples will still tell this kind of message at 130, 200, 300, 500.. there is always someone for, and someone against, in everything, everywhere..

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[b!z]

It's not a bubble, it's a correction 

[theymos]

...

This is ridiculous.

[humanitee]

...

This is ridiculous.

Uh oh, even Theymos can't believe it. 

[b!z]

...

This is ridiculous.

$1000 by the end of the month wouldn't be ridiculous.

[tonto]

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.

I don't think that's necessarily the case for everyone.  I think a lot of people saw what happened in Cyprus where people's money just suddenly disappeared.  That and the crap that happened here in the US in 2008 where again, people's money and savings just vanished overnight.  The lack of confidence in the banks, and the seemingly interesting concept of bitcoin has folks transferring money over, for whatever reason.  Savings?  Use for purchases?  Speculation?  I think it's all three. 

[dopamine]

if  aaple AAPL can be worth over $433
price line PCLN $706
google GGOL $811

bitcoin is at least worth $500 and not even close to a bubble. There is no derivative market for bitcoins, price discovery should be alot higher imo maybe at least $1000.

[whiskers75]

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.

Oh! Oh! (puts hand up) 1whiskD55W4mRtyFYe92bN4jbsBh1sZut!

[whiskers75]

...

This is ridiculous.

theymos, my friend: two words, media coverage.
Bitcoin's in the news.
Cyprus' in the news.
People put two and two together: Hm. Their money's just been stolen. Hm. With Bitcoin, that can't happen. *must buy bitcoin*

[justusranvier]

Hm. Their money's just been stolen. Hm. With Bitcoin, that can't happen. *must buy bitcoin*

Then they leave their bitcoins sitting in an exchange or an online wallet.

[BitcoinTate]

...

This is ridiculous.

theymos, my friend: two words, media coverage.
Bitcoin's in the news.
Cyprus' in the news.
People put two and two together: Hm. Their money's just been stolen. Hm. With Bitcoin, that can't happen. *must buy bitcoin*

My dad finally caved and during easter dinner came over and handed me $1500 in cash and said "Here, I don't trust the banks anymore, buy me some BTC." I said ok, then started a Dwolla -> Gox transfer that wont clear until tomorrow. He has probably called me 5 times in the last two days. He just called complaining about how much he has lost by waiting for the transfer to occur. I said dad "This is only the beginning." lol

[BitcoinTate]

...

This is ridiculous.

theymos, my friend: two words, media coverage.
Bitcoin's in the news.
Cyprus' in the news.
People put two and two together: Hm. Their money's just been stolen. Hm. With Bitcoin, that can't happen. *must buy bitcoin*

My dad finally caved and during easter dinner came over and handed me $1500 in cash and said "Here, I don't trust the banks anymore, buy me some BTC." I said ok, then started a Dwolla -> Gox transfer that wont clear until tomorrow. He has probably called me 5 times in the last two days. He just called complaining about how much he has lost by waiting for the transfer to occur. I said dad "This is only the beginning." lol

Just tell him how much he has lost since he hesitated in the first place

I know right, I tried to convince him to put a grand in back at $20. I think for him it was that he "Heard about Bitcoin on Glenn Beck on Friday."..... so that somehow makes Bitcoin legit now? Lol Damn backwoods conservatives anyway haha