FYI we're back over a billion - FU Cramer

[the founder]

just an FYI .. we crossed back over a billion .. which is good news I believe..  a big fu to Jim Cramer.

I didn't like his report today...  just bugged me about it,  considering he got paid last year for a TV show regarding bitcoins (the good wife)...   so he can profit (indirectly from them) yet sort of slams them in the process...

[MashRinx]

sooooooo.  What did he say?

[Bitmeat]

why is this good news? Wouldn't it be better if bitcoin dropped to $10USD and stayed there, and the stability caused more merchants to actually accept it for payment.

[drrussellshane]

why is this good news? Wouldn't it be better if bitcoin dropped to $10USD and stayed there, and the stability caused more merchants to actually accept it for payment.

Right now, the market is saying that $10 is not a fair price for a bitcoin.

This may change any minute.

[Bitmeat]

why is this good news? Wouldn't it be better if bitcoin dropped to $10USD and stayed there, and the stability caused more merchants to actually accept it for payment.

Right now, the market is saying that $10 is not a fair price for a bitcoin.

This may change any minute.

Exactly, and until the market becomes rational, it is a terrible thing regardless of what the total market value of bitcoin is in United States Dollars

[Luckybit]

just an FYI .. we crossed back over a billion .. which is good news I believe..  a big fu to Jim Cramer.

I didn't like his report today...  just bugged me about it,  considering he got paid last year for a TV show regarding bitcoins (the good wife)...   so he can profit (indirectly from them) yet sort of slams them in the process...

We knew it would happen. This proves that Bitcoin isn't dead or a fluke or undervalued. Still it doesn't change the fact that Bitcoin if it's going to continue to grow at the rate it wants to grow, it needs better infrastructure.

This goes for the exchanges as well.

[Luckybit]

why is this good news? Wouldn't it be better if bitcoin dropped to $10USD and stayed there, and the stability caused more merchants to actually accept it for payment.

Right now, the market is saying that $10 is not a fair price for a bitcoin.

This may change any minute.

Exactly, and until the market becomes rational, it is a terrible thing regardless of what the total market value of bitcoin is in United States Dollars

Apparently $10 isn't rational but neither was $266.  I think $100-150 is rational. I think when it increased 100% in 48 hours that wasn't rational.

[clicksmoney]

It is what it is durrrrrr. Liquidity.  Cramer is just after a paycheck like the rest of us don't be too hard on the fiat sucker.

[noedaRDH]

Only fools take Cramer's opinions seriously. I see him dissing Bitcoins as a good sign. People who are interested and willing to research will now have reason to take a look at BTCs.