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Author Topic: IT STILL ISN'T BACK TO "NORMAL"!  (Read 5778 times)
Zendata
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April 11, 2013, 10:48:17 PM
 #41

How the hell is that a bear trap?
And1
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April 11, 2013, 10:50:18 PM
 #42

Why don't more people discuss that Cyprus was announced on March 17th when BTC was at $50.  This was when the insane push up happened.  People in Spain and Cyprus were moving money in BTC because they were freaking out.

Not true at all. I live in Spain and I have to tell you no one even knows here the BTC. The people didn't run into BTC as you suppose. From my point of view, the average spaniard would go into gold I don't think they are open minded enough to go into BTC. Any way, protecting your savings buying BTC looks like a really bad idea.. it's so experimental at this point.

By the way, Spain havent suffered any bail-in yet.

It was after BTC was legalized by Fincen. 2-3 days later price jumped 50% in 24h. I remember this because i went in myself.
w00t
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April 11, 2013, 11:25:28 PM
 #43

Bitcoin will go into economic textbooks soon  Grin

Yeah, as an epic failure, if some major community action is not done to make sure this never happens again.

I'm afraid it's really up to mtgox. I personally use alternative exchange just because I know these guys at mtgox are morons.

But does it know a guy who read about it in newspapers, looked up wikipedia.org and fired the money to the mtgox?

First PC game is using Bitcoin as the currency: Fallout 2
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bbulker
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April 12, 2013, 12:05:43 AM
 #44

Hey guys, I fixed the graph.  Wink

Krabby
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April 12, 2013, 12:07:05 AM
 #45

Hey guys, I fixed the graph.  Wink



That is actually quite interesting.


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HappyBitCoinUser
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April 12, 2013, 12:17:31 AM
 #46

No more 1080p 3D charts! I'm getting dizzy
AlexNeto
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April 12, 2013, 01:07:52 AM
 #47

Hey guys, I fixed the graph.  Wink



Agree.
2011 bubble looks now like a little pimple compering with the current one.
One day $266 peak will look the same.

Bitcoin becoming a huge Brand in the world of Financial Speculation. We will see completely different numbers soon. I'm not willing to sell my long-term BTC portfolio for funny $300 per coin. 2014 target is at least low-middle $X,XXX. Just relax and wait for a next bubble.

Trade on exchange only btc you can afford to lose.
Keep safe and increese your long-term Bitcoin investment.

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jayson3
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April 12, 2013, 07:34:55 AM
 #48

We are just entering the awareness phase.   Nine out if ten people have no idea what Bitcoin is and the media is just starting to cluelessly report it.  We will be in the mania phase when taxi drivers are boasting of bitcoin profits and the media are praising it as stupidly as they dismiss it now. 

When Jim Cramer says Bitcoin is a buy buy buy, then I will know we are in the mania phase.
Gordonium
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April 12, 2013, 07:38:51 AM
 #49

Hey guys, I fixed the graph.  Wink



This. Techcrunch just wrote how VC:s are investing in Bitcoin, Winklewossies, more people now about Bitcoin than ever before...
jl2012
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April 12, 2013, 06:36:53 PM
 #50

We are just entering the awareness phase.   Nine hundred and ninety nine out if one thousand people have no idea what Bitcoin is and the media is just starting to cluelessly report it.  We will be in the mania phase when taxi drivers are boasting of bitcoin profits and the media are praising it as stupidly as they dismiss it now. 

When Jim Cramer says Bitcoin is a buy buy buy, then I will know we are in the mania phase.

FTFY

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April 14, 2013, 10:27:13 AM
 #51

Perhaps....


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April 14, 2013, 01:10:02 PM
 #52

Perhaps....

<image above>
It is back to what it's normal in bitcoin, going up and down. It works for me as a currency, I've been using it frequently since last year, only recently started to hoard some little coins, realizing the potencial.

rpietila
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April 14, 2013, 04:44:12 PM
 #53

The Long term chart shows many opportunities to get rid of your coin after either a runup, or a dip. I think what happened last week will be remembered in Bitcoin's history as an event as big as the crashes of November 2010, August 2011, September 2011, February 2012 and August 2012.

In other words, meh. Except for those that sold completely out, and are therefore completely out.

 

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April 14, 2013, 05:01:37 PM
 #54

We are definitively in the Awareness Phase. Ask 20 strangers on the street if they've heard of bitcoin.
Francesco
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April 14, 2013, 05:06:52 PM
 #55

We are definitively in the Awareness Phase. Ask 20 strangers on the street if they've heard of bitcoin.

I quite doubt many people in the streets had heard of the dot-com stocks either...
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April 14, 2013, 05:28:43 PM
 #56

We are definitively in the Awareness Phase. Ask 20 strangers on the street if they've heard of bitcoin.

I quite doubt many people in the streets had heard of the dot-com stocks either...

Yeah, but Bitcoin isn't a stock.
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April 14, 2013, 05:33:23 PM
 #57

I don't see why people keep referring to that chart. I could find hundreds of graphs that look like that and say SEE IT'S THE SAME.
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April 14, 2013, 06:00:57 PM
 #58

We are definitively in the Awareness Phase. Ask 20 strangers on the street if they've heard of bitcoin.

I quite doubt many people in the streets had heard of the dot-com stocks either...

Yeah, but Bitcoin isn't a stock.


It is an e-metal then -or a Ponzi scheme. Sure no currency behaves like that.

Anyway. Funny fact: now that I think of it, when I graduated, my friends did make me ask random strangers if they knew bitcoins (since I was talking about them quite often -it was back in the Pirate days). Most frowned at me, but one said he was a researcher and some of his colleagues were working on a related project. It was quite a shock!
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April 14, 2013, 06:15:54 PM
 #59

We are definitively in the Awareness Phase. Ask 20 strangers on the street if they've heard of bitcoin.

I quite doubt many people in the streets had heard of the dot-com stocks either...

Yeah, but Bitcoin isn't a stock.


It is an e-metal then -or a Ponzi scheme. Sure no currency behaves like that.

Anyway. Funny fact: now that I think of it, when I graduated, my friends did make me ask random strangers if they knew bitcoins (since I was talking about them quite often -it was back in the Pirate days). Most frowned at me, but one said he was a researcher and some of his colleagues were working on a related project. It was quite a shock!

I see it as a communications medium.  In this way bitcoin is more comparable to television, radio, cell phones, email, etc, than some stock.   Ask 20 people on the street if they've ever heard of "email" or "the web" and see what response you get.
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April 14, 2013, 06:18:49 PM
 #60

I had the same feeling.


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