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bitcoincraps (OP)
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April 09, 2013, 03:04:52 PM
 #1
3 moths ago i have bought BTC 100 for $2000.

Today i went to shopping with my wife. When i came back, the price for a bitcoin was up $20. That means, the value of my 100 btc increased $2000 in 5 hours, which is the price i have initially paid to buy my BTC.

This is just insane. It looks like the mother of all bubbles....
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RaTTuS
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April 09, 2013, 03:07:13 PM
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so cash out the initial investment and carry on Wink
In the Beginning there was CPU , then GPU , then FPGA then ASIC, what next I hear to ask ....

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April 09, 2013, 03:11:50 PM
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Quote from: RaTTuS on April 09, 2013, 03:07:13 PM
so cash out the initial investment and carry on Wink

+1
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April 09, 2013, 03:16:15 PM
 #4
Quote from: znort987 on April 09, 2013, 03:13:27 PM
Quote from: bitcoincraps on April 09, 2013, 03:04:52 PM
3 moths ago i have bought BTC 100 for $2000.

Today i went to shopping with my wife. When i came back, the price for a bitcoin was up $20. That means, the value of my 100 btc increased $2000 in 5 hours, which is the price i have initially paid to buy my BTC.

This is just insane. It looks like the mother of all bubbles....

The only thing that's insane is people still measuring the
value of things in fiat. Might as well value how much things
are worth in monopoly dollars.

Exactly, the US Dollar has fallen 75% against the lumber contract in the last three years (where are the headlines?).   How is the US $ doing against the price of gas at the pump?
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RaTTuS
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April 09, 2013, 03:23:04 PM
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In the Beginning there was CPU , then GPU , then FPGA then ASIC, what next I hear to ask ....

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April 09, 2013, 03:40:51 PM
 #6
Quote from: bitcoincraps on April 09, 2013, 03:04:52 PM
3 moths ago i have bought BTC 100 for $2000.

Today i went to shopping with my wife. When i came back, the price for a bitcoin was up $20. That means, the value of my 100 btc increased $2000 in 5 hours, which is the price i have initially paid to buy my BTC.

This is just insane. It looks like the mother of all bubbles....

Its not insane... think in percentages...

Means it will become more extreme if the price increases...

10% rise at $5 is 50 cent
10% rise at $200 is $20
...
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April 09, 2013, 05:47:28 PM
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Quote from: bitcoincraps on April 09, 2013, 03:04:52 PM
3 moths ago i have bought BTC 100 for $2000.

Today i went to shopping with my wife. When i came back, the price for a bitcoin was up $20. That means, the value of my 100 btc increased $2000 in 5 hours, which is the price i have initially paid to buy my BTC.

This is just insane. It looks like the mother of all bubbles....

What has happened to Cyprus, that's what I call insance.
georgeu2000
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April 10, 2013, 12:58:04 AM
 #8
Quote from: bitcoincraps on April 09, 2013, 03:04:52 PM
3 moths ago i have bought BTC 100 for $2000.

Today i went to shopping with my wife. When i came back, the price for a bitcoin was up $20. That means, the value of my 100 btc increased $2000 in 5 hours, which is the price i have initially paid to buy my BTC.

This is just insane. It looks like the mother of all bubbles....

Actually USD is the mother of all bubbles at the moment: $15 trillion. That is about $1,000,000 per bitcoin.
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