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Author Topic: $200  (Read 2054 times)
molecular
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April 09, 2013, 11:10:15 AM
 #21

This is nothing to be excited about if you're interested in the long term success of bitcoin.  This just means that the coming collapse will be even more catastrophic.  The higher the price goes, the less likely this project will survive the collapse.

If it's a 90% drop like the last bubble we'll still be at $20.  All good.

All good for you, but a catastrophic loss for most everyone else, and it will turn potentially millions of people off this idea.

I have zero bitcoins at the moment, so a rising price doesn't concern me.  I am concerned about a pop in the bubble.  It's rare, extremely rare to see an exponential rise in the price of anything and then a soft gentle plateau at the end.  

What about the price of the internet?

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April 09, 2013, 11:12:20 AM
 #22

This is nothing to be excited about if you're interested in the long term success of bitcoin.  This just means that the coming collapse will be even more catastrophic.  The higher the price goes, the less likely this project will survive the collapse.

If it's a 90% drop like the last bubble we'll still be at $20.  All good.

All good for you, but a catastrophic loss for most everyone else, and it will turn potentially millions of people off this idea.

I have zero bitcoins at the moment, so a rising price doesn't concern me.  I am concerned about a pop in the bubble.  It's rare, extremely rare to see an exponential rise in the price of anything and then a soft gentle plateau at the end.  

What about the price of the internet?

The internet has a price?  Where can I buy a share?  Can you quantify it and trade it like a commodity or currency?  Perhaps people are forgetting the dotcom bubble and where madness and mania based on nothing can lead. 


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April 09, 2013, 11:15:11 AM
 #23

This is nothing to be excited about if you're interested in the long term success of bitcoin.  This just means that the coming collapse will be even more catastrophic.  The higher the price goes, the less likely this project will survive the collapse.

If it's a 90% drop like the last bubble we'll still be at $20.  All good.

All good for you, but a catastrophic loss for most everyone else, and it will turn potentially millions of people off this idea.

you are a hero member. you are quite sure that this is not going to go up to the sky.... hmm...found any way to short this ? or it doesn't exist for BTC ?


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April 09, 2013, 11:15:53 AM
 #24

Wait big Ben will just keep printing, preserve your wealth and move away from bankers, hope we can consolidate around 300 but not enough Bitcoins for everyone, loving the true free market and finding bitcoin price discovery. 500 and still people will call it a bubble.

Bitcoinica still has not given me 50% of my claim of 600 BTC
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April 09, 2013, 11:16:00 AM
 #25

The internet has a price?  Where can I buy a share?  Can you quantify it and trade it like a commodity or currency?

Sure you can! It's worth about $258 right now.

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April 09, 2013, 11:18:34 AM
 #26

Wow... It seems to be flatlining at 200 now

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April 09, 2013, 11:19:34 AM
 #27

This is nothing to be excited about if you're interested in the long term success of bitcoin.  This just means that the coming collapse will be even more catastrophic.  The higher the price goes, the less likely this project will survive the collapse.

If it's a 90% drop like the last bubble we'll still be at $20.  All good.

All good for you, but a catastrophic loss for most everyone else, and it will turn potentially millions of people off this idea.

Is not like the price rise is happening in secret. If it does burst there are tons of people who said "I told you so". So for anybody losing money it's nobody's fault but their own. OTOH if it keeps going up then there are lots of happy people that made a smart investment. No question it's risky. But either way it's not bitcoin's fault.

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April 09, 2013, 11:21:58 AM
 #28

[quote author]

I have zero bitcoins at the moment, so a rising price doesn't concern me.  I am concerned about a pop in the bubble.  It's rare, extremely rare to see an exponential rise in the price of anything and then a soft gentle plateau at the end.  People tend to get the 'this is as good as it gets, dump!' feeling when that happens.

Will bitcoin survive?  Sure.  Bitcoin has already made headlines around the world due to its soaring price.  It's far too late to worry about it now.  Enjoy the party and be sure to grab some popcorn when it all falls into a heap and people join this forum to whinge about losses.
[/quote]

Right ......

Gonna still be preaching the same stuff when it hits $1,000? or $100k?

 Grin

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April 09, 2013, 11:26:37 AM
 #29

Right ......

Gonna still be preaching the same stuff when it hits $1,000? or $100k?

 Grin

I think it would be exciting to see bitcoin at $1k.  I would love to see it at $100k.  It would be something the world has never seen at $100k.  Good luck.


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April 09, 2013, 11:28:35 AM
 #30

Right ......

Gonna still be preaching the same stuff when it hits $1,000? or $100k?

 Grin

I think it would be exciting to see bitcoin at $1k.  I would love to see it at $100k.  It would be something the world has never seen at $100k.  Good luck.

How are those internet stocks doing

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April 09, 2013, 11:35:37 AM
 #31

Right ......

Gonna still be preaching the same stuff when it hits $1,000? or $100k?

 Grin

I think it would be exciting to see bitcoin at $1k.  I would love to see it at $100k.  It would be something the world has never seen at $100k.  Good luck.

I already have 10 coins up for sale $100k each and hope to be a millionaire by end of this year.
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April 09, 2013, 11:38:34 AM
 #32

I already have 10 coins up for sale $100k each and hope to be a millionaire by end of this year.

STOP!  Don't put such a wall at 100K$ Grin

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April 09, 2013, 11:43:48 AM
 #33

Hmm, $100k wall, should I add 1 more zero and make it a $1M wall?
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April 09, 2013, 11:49:35 AM
 #34

This is nothing to be excited about if you're interested in the long term success of bitcoin.  This just means that the coming collapse will be even more catastrophic.  The higher the price goes, the less likely this project will survive the collapse.

If it's a 90% drop like the last bubble we'll still be at $20.  All good.

All good for you, but a catastrophic loss for most everyone else, and it will turn potentially millions of people off this idea.

Those millions of people would not have cared about this idea if the price had not risen this far, you're a delusional alpaca.

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