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Author Topic: There is NO Bitcoin bubble, yet.  (Read 1848 times)
selforganizationftw
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April 10, 2013, 07:16:07 AM
 #21

Its hard to say whether or not this is a bubble yet - yes it has all the classic symptoms but Bitcoin is a new breed of currency, and we've never seen a valuation process like this.  Bitcoin could be the correction our global economic markets have needed for years but haven't gotten because of manipulation.  Of course its perhaps mostly driven by speculation and people trying to get rich right now, but I imagine there is enormous support at say the $100 level if not significantly higher ... who knows, the support might even lie at the $1000 level ... only time will tell.

meanwhile, I better get me some ppcoins ... PoS seems pretty cool, but I don't fully get it yet. 
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Btchoarder
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April 10, 2013, 07:19:11 AM
 #22

Bitcoin can be purchased - as we all are well aware - by anyone with an internet connected phone or tablet - anywhere in the world. Supply is EXTREMELY limited in the grand scheme of things - and demand is potentially unlimited. It is obvious to any analytical thinker that bitcoin is doing exactly what it was intended to do. The price of bitcoin is going to go through the roof over the next few months - and we should all be proud of ourselves for being the first ones in the door. I'm going long, but it is advisable to show restraint as this whole thing could go up in a puff of smoke tomorrow. I don't think it will. I think we'll see bitcoin hit it's stride in the coming months and just keep on keeping on. I have no number in mind at which I believe bitcoin would be overvalued. Time will tell.
hobbes
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April 10, 2013, 07:47:46 AM
 #23

A bit coin can be only worth a total of $2000. Its part of the formula.

How do you figure that?
he's clearly wrong. everyone knows it's $2100    Tongue

BBSfreak
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April 10, 2013, 07:51:59 AM
 #24

A bit coin can be only worth a total of $2000. Its part of the formula.

How do you figure that?
he's clearly wrong. everyone knows it's $2100    Tongue

i bid 2100.01!!



flynn
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April 10, 2013, 07:55:35 AM
 #25

The answer is 42

intentionally left blank
TwistedDrum5
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April 10, 2013, 08:21:50 AM
 #26

BTC at $10,000 now. THAT would be a bubble.

That would be Heaven!
udet4food
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April 10, 2013, 09:06:21 AM
 #27

Hope the get rich quick people who will start panic sell when the price starts stabilizig get huge losses so we get out of them and it will only strenghten bitcoin in long term.
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