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Author Topic: Bitcoin Market Cap = $1,558,383,355.91  (Read 987 times)
the founder
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April 03, 2013, 02:01:21 PM
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1.6 billion... really...  like this is what happens with 24 hour trading..  you can't sleep.

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April 03, 2013, 02:11:36 PM
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This is so insane... I wonder if it's going to last or if we we will hear a "pop" sound somewhere down the line...

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April 03, 2013, 02:27:33 PM
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This is so insane... I wonder if it's going to last or if we we will hear a "pop" sound somewhere down the line...

You know the answer.

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April 03, 2013, 02:51:58 PM
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This is so insane... I wonder if it's going to last or if we we will hear a "pop" sound somewhere down the line...

You know the answer.

Well... it's one of the two. Personally I think this can't really be sustainable. But then again, I'm not that good in predicting things. And of course there are now two camps of people. The ones that predict a bubble and the ones that say this will last. Both groups scream their opinions equally loud and I don't know who I should believe.

 What's your opinion?

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April 03, 2013, 02:58:20 PM
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This is so insane... I wonder if it's going to last or if we we will hear a "pop" sound somewhere down the line...

You know the answer.

Well... it's one of the two. Personally I think this can't really be sustainable. But then again, I'm not that good in predicting things. And of course there are now two camps of people. The ones that predict a bubble and the ones that say this will last. Both groups scream their opinions equally loud and I don't know who I should believe.

 What's your opinion?


When I look at charts it doesn't feel natural. Too much too fast.

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April 03, 2013, 03:01:59 PM
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This is so insane... I wonder if it's going to last or if we we will hear a "pop" sound somewhere down the line...

as a 1990's dot com bust veteran ..  I can tell you that there will be a pop.

Not one that will last forever,  many of those .com's still exist (yahoo,  google, amazon, ebay ..)  but there will be one ugly pop.

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April 03, 2013, 03:41:45 PM
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Well... it's one of the two. Personally I think this can't really be sustainable. But then again, I'm not that good in predicting things. And of course there are now two camps of people. The ones that predict a bubble and the ones that say this will last. Both groups scream their opinions equally loud and I don't know who I should believe.

 What's your opinion?

You have to realise that most of the people who say this will last have very little grounding in reality. Conversations quickly degenerate away from the fundamental economic side of things into the sociopolitical or worst....like the sort of science fiction post human reality bullshit which just screams CRAZY.

Now I'm all for Bitcoins progress, but we have to take a pragmatic view, there is an interim period between now and the ideal goal of true monetary freedom, and these sorts of bubbles are simply not positive in any way for the future of Bitcoin. The latter camp stick their head in the sand and ignore the issue believing that they will reach the end goal regardless.

The price of Bitcoin is far too volatile at the moment. I honestly believe that we are hanging on a knife edge. There simply isn't enough actual trade going on to sustain these kinds of growth figures and I worry that a large number of people have bought into Bitcoin the past few months who will not want to take a huge knock and will start to sell at the hint of a drop off.

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April 03, 2013, 03:53:44 PM
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This is so insane... I wonder if it's going to last or if we we will hear a "pop" sound somewhere down the line...

as a 1990's dot com bust veteran ..  I can tell you that there will be a pop.

Not one that will last forever,  many of those .com's still exist (yahoo,  google, amazon, ebay ..)  but there will be one ugly pop.

I'm inclined to think there will be a pop eventually, however there's one factor which I think will continue drive prices higher, and that is the fact the banking system already seems to be mobilising to try and kill this off.

In the last few weeks practically all UK vendors have shut down, and the EU based bitcoin-central has been downed by a hack attack. Mt.Gox seems hopelessly backed up by volume and the increasing difficulty procuring bitcoins is only escalating the feeding frenzy.

Check out the log of the security lockdown on bitcoin-central.
https://bitcoin-central.net/account (2013-04-03)



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