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Author Topic: $ 230! It was $ 200 about 8 hours ago. How long will this roll?  (Read 2409 times)
MaTachi
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April 09, 2013, 05:38:58 PM
 #1

The value has increased with 15 % during the last 8 hours. Isn't that sick? How long can this keep on rolling? It has to stop, right? I just can't wrap my head around this, it feels like madness. It's feels like an increasingly growing train wreck. I mean, there are barely any merchants/sites that even take bitcoin. The number of merchants can't justify the ridiculous value growth, right? I just hope that people don't get broke when the train crashes.

@DanielJonss. On a long enough timeline, the survival rate for everyone drops to zero.
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Stampbit
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April 09, 2013, 05:44:24 PM
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Until everyone on earth is filthy rich.
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April 09, 2013, 05:47:49 PM
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Markets can remain irrational longer than we can remain solvent. Smiley

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MaTachi
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April 09, 2013, 05:48:48 PM
 #4

Until everyone on earth is filthy rich.

It's not a money making machine. Everybody can't get rich. Some people will win, some people will lose.

@DanielJonss. On a long enough timeline, the survival rate for everyone drops to zero.
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April 09, 2013, 05:49:25 PM
 #5

How long can this keep on rolling?

The End Is Near  Grin
bitsalame
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April 09, 2013, 05:50:08 PM
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Markets can remain irrational longer than we can remain solvent. Smiley
Keynes Smiley
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April 09, 2013, 05:50:51 PM
 #7

It will stop when people will say "no, I will not pay that much for a bitcoin".

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April 09, 2013, 05:52:14 PM
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The value has increased with 15 % during the last 8 hours. Isn't that sick? How long can this keep on rolling? It has to stop, right? I just can't wrap my head around this, it feels like madness. It's feels like an increasingly growing train wreck. I mean, there are barely any merchants/sites that even take bitcoin. The number of merchants can't justify the ridiculous value growth, right? I just hope that people don't get broke when the train crashes.

Which merchants take gold? Smiley
MaTachi
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April 09, 2013, 05:52:25 PM
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How long can this keep on rolling?

The End Is Near  Grin

I'm almost starting to hope so. Because this is getting ridiculous, and I don't want to see too many people becoming poor when it crashes. Better to crash sooner than later imo.

@DanielJonss. On a long enough timeline, the survival rate for everyone drops to zero.
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April 09, 2013, 06:01:11 PM
 #10

That's the result of the Bitcoin mass media frenzy.

Correction will come inevitably. The only question is at what pricing it'll start.

I predict at least 80% value correction when this happens.

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April 09, 2013, 06:02:19 PM
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Just make sure your order executes as close to the top of the free fall as possible, and everything will be golden.
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April 09, 2013, 06:03:21 PM
 #12

It will stop when people will say "no, I will not pay that much for a bitcoin".

And that will never happen. We will buy mBTC and then whatever next.

1BTC 0.1BTC 0.001BTC 0.0001BTC, we will be buying all of that until we can't because we run out of money.

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April 09, 2013, 06:05:28 PM
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It will stop when people will say "no, I will not pay that much for a bitcoin".

And that will never happen. We will buy mBTC and then whatever next.

1BTC 0.1BTC 0.001BTC 0.0001BTC, we will be buying all of that until we can't because we run out of money.



And after that we start trading our organs for Satoshis.  Grin

MaTachi
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April 09, 2013, 06:09:49 PM
 #14

Seriously, what happened during the last 8 hours that justifies an increase in value with 15 %? Oh, wait, stupid question. It's obviously only greedy speculators that are driving up the price to the heaven.

@DanielJonss. On a long enough timeline, the survival rate for everyone drops to zero.
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April 09, 2013, 06:10:25 PM
 #15

It will stop when people will say "no, I will not pay that much for a bitcoin".

And that will never happen. We will buy mBTC and then whatever next.

1BTC 0.1BTC 0.001BTC 0.0001BTC, we will be buying all of that until we can't because we run out of money.



And after that we start trading our organs for Satoshis.  Grin

And then not even that due to market flooded with organs Cheesy
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April 09, 2013, 06:11:19 PM
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Seriously, what happened during the last 8 hours that justifies an increase in value with 15 %? Oh, wait, stupid question. It's obviously only greedy speculators that are driving up the price to the heaven.

The price is just melting-up because Bitcoins are seriously undervalued. Have you read this?

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April 09, 2013, 06:12:51 PM
 #17

$240 now.

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April 09, 2013, 06:14:37 PM
 #18

$240 now.

The LAST cheap coins below $250  Shocked

Quick!
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April 09, 2013, 06:16:36 PM
 #19

You can blame proudhon, as long as he keeps posting we will continue to hit record highs. $240 was a given with his recent rash of posts, one more post from him will guarantee $250.
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April 09, 2013, 06:18:12 PM
 #20

OP, it sounds like you should get out of BTC; soon.

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