I sold everything at $158/159 this morning

[dragon2nd]

To all of you panic buying because you missed the "greatest thing ever", mark this post, within 6 months you will be able to buy in much lower, I have a large buy order at $35 (just above the 2011 high).

if this were an established commodity like gold, copper, soybeans, or a currency cross, which I have been trading for 15 years, that is the smart buy point - not at $159

you just need to look at the naivete of the posts on this board to know this is a sucker rally.

"i'm loaning money to ....."
" I save $200 a month and im putting it all in bitcoins ...... "
"we are revolutionaries......."


good luck to all the future bitcoin millionaires :-)

Still hoarding...lol

[1715498550]

1715498550

[1715498550]

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[1715498550]

1715498550

[jwzguy]

Oh yay! More bragging about selling out! These threads always end well.

However, I'm far from convinced that the stupid money is exhausted at this point. Could be a long way to go.

So, you're calling the fiat that people are exchanging for bitcoin "stupid money", yet it's what you accepted for yours (if you actually had any)? I agree,  Good jerb!  

[mercyfull]

Well done #1

[GeneM]

Interesting posts...call anyone tell me more about the 2011 buy orders? In 2011 you were able to reserve BCs at that price, and these will be  vested soon?

I'd like to remind dragon2nd that those people he called suckers are responsible for his tidy profit. Karma dude..Karma!

[romerun]

price will stop rising when gox verified queue shrinks

[Mike Christ]

I sold all my Bitcoin at $120 and set a buy order at $0.03

See you in a year, suckers

[zoolander]

Oh yay! More bragging about selling out! These threads always end well.

However, I'm far from convinced that the stupid money is exhausted at this point. Could be a long way to go.

So, you're calling the fiat that people are exchanging for bitcoin "stupid money", yet it's what you accepted for yours (if you actually had any)? I agree,  Good jerb!  

We might not have even touched the stupid money to be fair. All I'm really saying that I simply don't know who is who at this point, myself included.

I am fairly confident that speculation is out-stripping fundamentals when it comes to Bitcoin's perceived value at the moment though. That's not to say I don't think Bitcoin could one day be worth orders of magnitude more than it is today.

Now, what is really stupid is that I've been speculating with less than week's salary instead of building bitcoin-based services in my spare time.

[threeip]

Good. As long as there is fear of a bubble, there is room for more.

Look at all the 'three-posters' calling a bubble and an established member knowing the truth  

Bitcoin is not a bubble that will burst for the very simple reason that the demand will increase in the coming years.

Exactly.

If I said worldwide silver production was stopping tomorrow, would the resultant price increase be a bubble?

[log2exp]

I'd go with CNN's recommendations, any number higher than $15 is apparently a bubble: http://buzz.money.cnn.com/2013/04/05/bitcoin-bubble/

/s

[DiegoMejia]

After reading this post im tempted to sell all, giving me a profit of $2000+. Not a bad profit seeing how i've bought my first bitcoin 3 weeks ago.

[jwzguy]

After reading this post im tempted to sell all, giving me a profit of $2000+. Not a bad profit seeing how i've bought my first bitcoin 3 weeks ago.

[Domrada]

I'm bookmarking this thread so I can bump it when we hit $300.

[zif33rs]

^   Please bring tissues for all the crying.

[XXthetimeisnowXX]

Looks like $159 was might have been pretty near the top of pump that has been playing out today. Called it right.

Wouldn't be surprised if there is another DoS attack on Gox.

people are leaving gox, they are going to all the new start ups, we will see the sheep follow the mony in droves for at least another year. no doubt that some day it will be at 35. but not before we see 850. if it does pop and it does go down to 35 than you are also a sucker cuz it will go down to 2 bucks and a long while till you see your even money at 35 again. this is not the top and 35 wont be the bottom. wrong on both accounts, but i guess we will just have to wait and see

[paulk]

I actually start to think, that because of the scarce nature of bitcoins the price will eventually go up to 1500 dollars.

Now the total economy is 1 billion dollars. There are more and more services accepting bitcoins. Some people get their salary payed in bitcoins. Whether this is stupid or not, I don't know. But we can assume the economy of bitcoin is growing. Maybe at a certain day the economy will be 30 billion dollars, if the total number of bitcoins is reached this will be 1500 dollar for one bitcoin.

Thirty billion is not that big. It is just the bonuses payed out on wallstreet. The drug traffic industry is something like 300 billion dollars. The total GDP of the world is 200 trillion dollars.

On a worldwide scale 30 billion is small.

That's an entertaining thought.

[Mike Christ]

On a worldwide scale 30 billion is small.

That's an entertaining thought.

Ain't it the truth

[glt512]

i'm gonna wait until $300 to sell. that seems like a good number, but what do I know anyways.

[yvv]

The total GDP of the world is 200 trillion dollars.

It's not good to lie

https://www.google.com/search?client=ubuntu&channel=fs&q=gdp+of+the+world&ie=utf-8&oe=utf-8

I never lie.

[Caesar V]

Bank opens tomorrow..

[paulk]

The total GDP of the world is 200 trillion dollars.

It's not good to lie

https://www.google.com/search?client=ubuntu&channel=fs&q=gdp+of+the+world&ie=utf-8&oe=utf-8

I never lie.

I don't lie either, not now at least, I estimated it. And it is not even a bad estimate, just one order of magnitude wrong.

Everybody lies here or have you filled the amount of bitcoins on your tax paper?