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Author Topic: $ 230! It was $ 200 about 8 hours ago. How long will this roll?  (Read 2399 times)
papaminer
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April 09, 2013, 06:20:50 PM
 #21

I am hoping it can go up to 1BTC - $1000

Then I can cashout and buy a house using all my btc /converted to USD..

Seriously...

For new guys....

The HASH RATE HAS INCREASED!!! AND THIS ALSO MEANS DIFFICULTY INCREASE....

if it is "VERY DIFFICULT TO MINE BITCOIN"... it only make sense that the value is HIGH!

Just a few years ago you can use your CPU to mine... and the difficulty was not that high... and it was still easy to earn 1btc in a day...

now... with all the ASICS ROLLING OUT!!! IT IS VERY HARD TO EARN 1BTC...


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April 09, 2013, 06:25:18 PM
 #22

http://orymh.bandcamp.com/track/the-bitcoin-rally-song

BTC.sx - Leveraged Bitcoin Trading. Simply use Bitcoin to take advantage of a rising or falling Bitcoin price.
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April 09, 2013, 07:06:50 PM
 #23

This phase, ladies and gentlemen, is known as euphoria.
nwbitcoin
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April 09, 2013, 07:18:29 PM
 #24

A few weeks ago I would have said its a stupid price, but no more.

We are automatically comparing a bitcoin with a dollar, and wonder why its so expensive in compassionate.

But what if a bitcoin was called a bit kg of gold?

Then $240 is cheap - and considering that nobody outside this forum and a few internet sites even knows anything sensible about bitcoin - This could run for at least another 2 years before we get to a point where people stumble.

I really can't see anything stopping it going up for at least another 6 months - even if it does slow down a little! Wink

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April 09, 2013, 07:36:26 PM
 #25

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

Very good note
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April 09, 2013, 07:38:05 PM
 #26

This phase, ladies and gentlemen, is known as euphoria.

This statement is out of context. This is not paper for some shit. This is MONEY man, you can pay with it. With tulips you would hardly do so.
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April 09, 2013, 07:39:38 PM
 #27

I've noticed that price goes up during the Asian and Euro time zones, then stagnates or drops during American time zones.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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April 09, 2013, 07:41:24 PM
 #28

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
Stop being naive. I could settle any debt I have right now with my physical gold. I can't say the same for my BTC. This is the silliness that's so pervasive on this forum right now. Just another indicator for me at least.
Mike Christ
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April 09, 2013, 07:44:22 PM
 #29

I've noticed that price goes up during the Asian and Euro time zones, then stagnates or drops during American time zones.

I don't think their media outlets are working quite as hard to discredit Bitcoin.  Not that anyone in Europe will believe the gov propaganda at this point anyway Tongue

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April 09, 2013, 07:57:58 PM
 #30

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

No, it'll stop when enough people say "OK, that's enough of a profit for me". Then others will say "oh, I'd better cash out while I can!". After that, yet more will say "Shit, better cut my losses quick!".

Just don't ask me when it's going to happen or how drastic the effect will be....

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April 09, 2013, 08:52:35 PM
 #31

A few weeks ago I would have said its a stupid price, but no more.

We are automatically comparing a bitcoin with a dollar, and wonder why its so expensive in compassionate.

But what if a bitcoin was called a bit kg of gold?

Then $240 is cheap - and considering that nobody outside this forum and a few internet sites even knows anything sensible about bitcoin - This could run for at least another 2 years before we get to a point where people stumble.

I really can't see anything stopping it going up for at least another 6 months - even if it does slow down a little! Wink


The price of bitcoin is arbitrary. It doesn't really matter if a single bitcoin costed $ 1 or $ 1000. Because that depends only on the number of bitcoins for sale and the demand.

The problem is the unmotivated, ridiculous growth of the value. It's not sensible with this current growth rate.

@DanielJonss. On a long enough timeline, the survival rate for everyone drops to zero.
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