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Author Topic: What did you do when price passed $ 200?  (Read 2711 times)
Stapleddiet
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April 09, 2013, 12:11:28 PM
 #21

Looked at supporting the US economy by buying a new Harley, does anyone know a dealer who takes BTC?
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Manticore
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April 09, 2013, 12:11:55 PM
 #22

Posted about why this is an increasingly disturbing situation that will probably be disastrous for bitcoin.

I was hoping this wouldn't inflate into a full blown South Sea-esque bubble, but we are already there.....thanks in large part to the Asian gamblers, I suspect.

Be careful what you all wish for and be ready to get out before it explodes violently. I am now convinced this could go anywhere ($1000s, $5000s, etc) now that fever, mania, greed, and delusions have completely taken over. I would be a fool to even attempt to call a top at this point, but only a bigger fool would think this is sustainable.

Say goodbye to your currency; I only hope BTC can recover and maintain utility. This is the purest bubble the world's ever seen.
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April 09, 2013, 12:13:21 PM
 #23

Posted about why this is an increasingly disturbing situation that will probably be disastrous for bitcoin.

I was hoping this wouldn't inflate into a full blown South Sea-esque bubble, but we are already there.....thanks in large part to the Asian gamblers, I suspect.

Be careful what you all wish for and be ready to get out before it explodes violently. I am now convinced this could go anywhere ($1000s, $5000s, etc) now that fever, mania, greed, and delusions have completely taken over. I would be a fool to even attempt to call a top at this point, but only a bigger fool would think this is sustainable.

Say goodbye to your currency; I only hope BTC can recover and maintain utility. This is the purest bubble the world's ever seen.

lol! You mean the purest "snowball" ??

- aka The "DigiMan"
Cablez
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April 09, 2013, 12:14:20 PM
 #24

Sleeping dammit!!! Angry     Nice to wake up to though...........Damn US bears. Grin

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mccorvic
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April 09, 2013, 12:15:10 PM
 #25

Posted about why this is an increasingly disturbing situation that will probably be disastrous for bitcoin.

OP said $200, not $2.

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Grecoin
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April 09, 2013, 12:24:03 PM
 #26

i bought 2 more coins  Huh WTF
Manticore
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April 09, 2013, 12:40:41 PM
 #27

Don't be so simplistic with your bull/bears nonsense.

I own bitcoins. I am involved in bitcoin related start-ups. I love the utility of bitcoin and do believe it is an innovative platform that heralds something big (bitcoin, or something similar).

I am a former bull. I now think this could now easily go higher ($1000s, $5000s), which I suppose is a bullish statement. However, I am not delusional. There are bears, bulls, and wild hyenas. The hyenas have taken over the asylum. I would have loved to have seen a steady rise in bitcoin throughout the year. I hope I'm wrong and this is a 'snowball' as some have said. I was looking for a steady gain throughout 2013.....

I've seen this before and I tend to underestimate the exuberance of the masses. Even in 1999 (I was very young but trading), I knew we were in a bubble but that didn't mean I didn't profit from it. The people who got wiped out were the true believers, the ones who thought we were going up forever. Know that this is not some kind of 'new normal'. Be a bull, but don't be a stupid bull. Know that this cannot last forever. It works until it doesn't, and then there is a day of reckoning. Have your day in the sun but know that there will be night.

There is no way to know when the Asian gamblers will get tapped out.....
shkiser
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April 09, 2013, 12:51:17 PM
 #28

manticore can you tell me how the asian gamblers are moving the price? just curious. Never heard that b4 now.

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MaTachi
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April 09, 2013, 12:55:20 PM
 #29

Started to pump for 300! It won't take many days with this adoption rate!

@DanielJonss. On a long enough timeline, the survival rate for everyone drops to zero.
Manticore
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April 09, 2013, 01:01:40 PM
 #30

manticore can you tell me how the asian gamblers are moving the price? just curious. Never heard that b4 now.

Many, many Asian gamblers are buying in with little knowledge of the underlying mechanisms of bitcoin. They think they can double and triple their money. If this frenzy continues or gets bigger, which it could, they could easily push this to bizarre heights....

As I said in another post (I believe in BitcoinTate's original prediction post), the best thing for speculators who want bitcoin to go up, up, up, is not a big mover to come in and start buying indiscriminately, it's for 1000s of small buyers who are using fun money to essentially gamble with bitcoin.
HappyBitCoinUser
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April 09, 2013, 01:44:16 PM
 #31

There is like bazillion asian peoples and if they are dump money into this blindly expecting profit, then yeah price of BTC will go into $1,000's or even $10,000's !!!
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April 09, 2013, 01:50:31 PM
 #32

Sat back and rejoiced quietly like the rest of us bitcoin megalomaniacs.

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April 09, 2013, 01:51:12 PM
 #33

There is like bazillion asian peoples and if they are dump money into this blindly expecting profit, then yeah price of BTC will go into $1,000's or even $10,000's !!!

riiiggggghhhhttttt. So the bubble keep bubbling.

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April 09, 2013, 05:04:20 PM
 #34

Money-Pink Floyd, Full Volume. Oh yeah.

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Ozymandias
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April 09, 2013, 05:07:44 PM
 #35

I slept, woke up at 204, shrugged, and went about my day as usual. I'll probably pick myself up a nice bottle of scotch later today when the price hits 250.

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MikeH
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April 09, 2013, 05:11:23 PM
 #36

masturbated while watching a chart.
enygma
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April 09, 2013, 05:14:17 PM
 #37

I slept, woke up at 204, shrugged, and went about my day as usual. I'll probably pick myself up a nice bottle of scotch later today when the price hits 250.
If you are trading on the Canadian Virtual Exchange, then you might want to get scotch ready. $248 at this posting.

https://www.cavirtex.com/orderbook

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April 09, 2013, 05:15:45 PM
 #38

I was having a talk with my therapist about my obsession with bitcoins.

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April 09, 2013, 05:17:13 PM
 #39

when it hit 200 i put i bid order in at 190 and went to sleep.


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April 09, 2013, 05:18:03 PM
 #40

I transferred some bitcoins to an exchange to set up a sell for $500, since my $200 ask just got filled.

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