No, I'm not serious.
Stop these stupid threads.
Just read these:
http://www.reddit.com/r/Bitcoin/comments/1bzso1/all_you_speculators_who_sold_at_200/c9bptf3These are from
TWO DAYS AGO.
I was pumped when I got more yesterday at under $200... I was waiting for my bank transfer to go through, worried I'd miss my chance, but it got there just in time.
Every day is an all time high now. There's no turning back.
LOL
this is just the beginning of the bubble, wait for the mainstream to get in.
How's that going for you, buddy?
i doubt it will ever go below 100 dollar again.
Wow, you are clever.
No one wants to hear this but there are structural differences between the dot coms and housing market and a commodity speculation like bitcoin. Dot coms and housing are forced into 0 valuation by bankruptcies and mortgagor defaults. When a company or a homeonwer run out of money, it has a real negative effect on the security backing them. Investors had no choice but to revalue to lower or even 0 their stocks and MBS. In the case of bitcoin, as in the case of gold, nothing forces the value to 0. This means that it can bubble to a ridiculous price and then just taper off and hold for years because people are not forced into a capitulation. Then demand catches up and it starts to rise again.
This is why it is super risky to short commodities even if they are in an obvious bubble. The market can remain irrational longer than you can remain solvent.
That one is my personal favorite. A+ for effort.
