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simplydt (OP)
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April 09, 2013, 04:11:16 PM |
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So if demand is so much higher than supply (due to hoarders), technically the price should skyrocket to $250 and above, am I wrong? http://bitcoincharts.com/markets/mtgoxUSD.htmlOf course, this is if nobody with 20,000+ bitcoins on their own (or a few collectivelly), decide to panic sell. Thoughts? |
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"You Asked For Change, We Gave You Coins" -- casascius
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Stampbit
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April 09, 2013, 04:23:33 PM |
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Yes, basically the price will skyrocket up to 10billion per coin because there's absolutely no real value backing this (and no economy to support it) so essentially anyone buying into bitcoin past the $13 mark is just giving their money to hoarders for a chance to use a coin.
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NamelessOne
Legendary
 Offline
Activity: 840
Merit: 1000
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April 09, 2013, 04:25:30 PM |
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Yes, basically the price will skyrocket up to 10billion per coin because there's absolutely no real value backing this (and no economy to support it) so essentially anyone buying into bitcoin past the $13 mark is just giving their money to hoarders for a chance to use a coin.
HAHA damn it feels good to have gone all in at $2. $13, screw $13, lol.   |
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simplydt (OP)
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April 09, 2013, 04:26:29 PM |
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Yes, basically the price will skyrocket up to 10billion per coin because there's absolutely no real value backing this (and no economy to support it) so essentially anyone buying into bitcoin past the $13 mark is just giving their money to hoarders for a chance to use a coin.
HAHA damn it feels good to have gone all in at $2. $13, screw $13, lol. congrats  when are you cashing out? $1,000? or holding all the way? Yes, basically the price will skyrocket up to 10billion per coin because there's absolutely no real value backing this (and no economy to support it) so essentially anyone buying into bitcoin past the $13 mark is just giving their money to hoarders for a chance to use a coin.
Yeah, I'm taking it with a grain of salt and seeing any money I've put in as costs of education. Very interesting what's happening. There's always something to learn from everything in life! |
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NamelessOne
Legendary
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Activity: 840
Merit: 1000
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April 09, 2013, 04:30:41 PM |
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Yes, basically the price will skyrocket up to 10billion per coin because there's absolutely no real value backing this (and no economy to support it) so essentially anyone buying into bitcoin past the $13 mark is just giving their money to hoarders for a chance to use a coin.
HAHA damn it feels good to have gone all in at $2. $13, screw $13, lol. congrats when are you cashing out? $1,000? or holding all the way? Yes, basically the price will skyrocket up to 10billion per coin because there's absolutely no real value backing this (and no economy to support it) so essentially anyone buying into bitcoin past the $13 mark is just giving their money to hoarders for a chance to use a coin.
Yeah, I'm taking it with a grain of salt and seeing any money I've put in as costs of education. Very interesting what's happening. There's always something to learn from everything in life! I'm all about risk, all risk, all reward, I'm aiming for beyond $1000, all the way. But I will sell if it corrects/crashes/whatever in order to buy back at the bottom. So I'll never catch the top, but somewhere below is just fine by me. |
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simplydt (OP)
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April 09, 2013, 04:35:33 PM |
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Yes, basically the price will skyrocket up to 10billion per coin because there's absolutely no real value backing this (and no economy to support it) so essentially anyone buying into bitcoin past the $13 mark is just giving their money to hoarders for a chance to use a coin.
HAHA damn it feels good to have gone all in at $2. $13, screw $13, lol. congrats when are you cashing out? $1,000? or holding all the way? Yes, basically the price will skyrocket up to 10billion per coin because there's absolutely no real value backing this (and no economy to support it) so essentially anyone buying into bitcoin past the $13 mark is just giving their money to hoarders for a chance to use a coin.
Yeah, I'm taking it with a grain of salt and seeing any money I've put in as costs of education. Very interesting what's happening. There's always something to learn from everything in life! I'm all about risk, all risk, all reward, I'm aiming for beyond $1000, all the way. But I will sell if it corrects/crashes/whatever in order to buy back at the bottom. So I'll never catch the top, but somewhere below is just fine by me. Yeah, if it ever goes to the bottom it will be a favour to everyone who understands the true value of bitcoin; i'd buy all the way back up to the top. Unfortunately right now it's too expensive for me to keep buying |
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Luckybit
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April 09, 2013, 04:51:15 PM |
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It's not too expensive. Buy mBTC.
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simplydt (OP)
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April 09, 2013, 04:56:34 PM |
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It's not too expensive. Buy mBTC.
My money is stuck in bloody real estate, if anybody in Russia wants to buy a flat for bitcoins I'm keen lol |
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