Is anyone worried how fast BTC is climbing in price?

[evoorhees]

But long term this rally is unsupported by anything "real".   I'd love for this rally to be occurring on the heels of the announcement of new bitcoin technologies or some larger retailers or Paypal implementation, etc.

http://www.coindesk.com/chinese-internet-giant-baidu-starts-accepting-bitcoin/

[fleabag]

But long term this rally is unsupported by anything "real".   I'd love for this rally to be occurring on the heels of the announcement of new bitcoin technologies or some larger retailers or Paypal implementation, etc.

http://www.coindesk.com/chinese-internet-giant-baidu-starts-accepting-bitcoin/

$44 in blockchain! Wow get ready for a rally! not!

[derpinheimer]

But long term this rally is unsupported by anything "real".   I'd love for this rally to be occurring on the heels of the announcement of new bitcoin technologies or some larger retailers or Paypal implementation, etc.

http://www.coindesk.com/chinese-internet-giant-baidu-starts-accepting-bitcoin/

Havent you read anything? That was a load of crap. This rallyis be cause rally. Doesnt mean its unsustainable, just that there is no real reason for it.

[SheHadMANHands]

But long term this rally is unsupported by anything "real".   I'd love for this rally to be occurring on the heels of the announcement of new bitcoin technologies or some larger retailers or Paypal implementation, etc.

http://www.coindesk.com/chinese-internet-giant-baidu-starts-accepting-bitcoin/

$44 in blockchain! Wow get ready for a rally! not!

It hadn't crossed your mind that this might be "good news" for other reasons, including, but not limited to:

1) Added media attention
2) Precedents set (acceptance of technology)

??

Think a little deeper, on occasion.  You know, if it doesn't hurt your head too much.

[Aco]

US debt crisis.
China baidu.
All these things are in play. Plus people are talking about bitcoins again.

[TERA]

Its also simple charting that it was time for bitcoin to rally again. There is a major rally every 6 months and the chart looked exactly like before the spring breakout. People knew there was no longer any possible chance to buy bitcoin any lower and they had to buy now or miss the train.

[World]

US debt crisis.
China baidu.
All these things are in play. Plus people are talking about bitcoins again.

capital control CHASE & HSBC
https://bitcointalk.org/index.php?topic=178336.msg3358474#msg3358474
Spain
https://bitcointalk.org/index.php?topic=178336.msg3373737#msg3373737

[ImI]

US debt crisis.
China baidu.
All these things are in play. Plus people are talking about bitcoins again.

capital control CHASE & HSBC
https://bitcointalk.org/index.php?topic=178336.msg3358474#msg3358474
Spain
https://bitcointalk.org/index.php?topic=178336.msg3373737#msg3373737

The spain story is a hoax. Those rules are from 2011 and the website hasnt been updated.

-> You are allowed to transfer free in spain.

[the joint]

[scarsbergholden]

US debt crisis.
China baidu.
All these things are in play. Plus people are talking about bitcoins again.

capital control CHASE & HSBC
https://bitcointalk.org/index.php?topic=178336.msg3358474#msg3358474
Spain
https://bitcointalk.org/index.php?topic=178336.msg3373737#msg3373737

LOL, this is like the 100th time i've seen this. "capital controls" is a bit ridiculous... more like banks eeking yet more fees out of everyone

[Anon136]

Hell, even an influx of only 1% of the worlds GDP over the course of a few years would create a 'bubble' so large that our heads would be spinning in euphoric delirium.

65,320 usd/btc

[vokain]

And no, looking in log-scale is not "cheating".  Going from 1 to 1.8 is just as spectacular as going from 100 to 180.

This is false. Think about it in terms of "people involved" and "money volume necessary to cause a price level increase", and you will see $100 to $180 is much different than $1 to $1.8

Think about it in terms of exponential growth, as in exponential amount of an "people involved" each bringing along individual "money volume necessary to cause a price level increase", and you will see $100 to $180 is actually pretty similar to $1 to $1.8

[cheech300]

And no, looking in log-scale is not "cheating".  Going from 1 to 1.8 is just as spectacular as going from 100 to 180.

This is false. Think about it in terms of "people involved" and "money volume necessary to cause a price level increase", and you will see $100 to $180 is much different than $1 to $1.8

Think about it in terms of exponential growth, as in exponential amount of an "people involved" each bringing along individual "money volume necessary to cause a price level increase", and you will see $100 to $180 is actually pretty similar to $1 to $1.8

+1

I see so many members here in this forum with no clue about Bitcoin! It's an experiment. And we will find out if it's gonna work. It seems to be at a point, to grow big enough to succeed. It's a little plant wich just startetd to see the sun. But if you follow all the News around it, you'll see, that it could be a real, real big thing. People are fed up of Gouvernements who cheating and saving corrupt banks, for sure they will fight the BTC. but Bitcoin is Not their enemy! I'm sure bitcoin is a gamechanger, also it could changed the thinking of many humans in the world..... We Must stop war and just kill People in the Name of profit!
cheech300

[Herp]

Bunch of little bitches in this thread.  Man up.  

We're not crashing to $50, without some remarkably (emphasis) bad news.  SR news and panic brought us to $90 on stamp for a split second, before very quickly bouncing back to $120, and it's difficult to think of a worse event that would cause such a panic sell-off.

Maybe see a test when we rear end $300. :-)

Yeah, lots of disgusting filthy weak hands dirty weakling whiny harlots in this thread. Slap yourself HARD and man up ffs. BTC should be at $20k not $200.

[Herp]

This whole move started since Second Market entered the game. They can drive up price to 1k in no time as they have quite a few billionaire clients buying whatever they pitch and Bitcoin is their featured top investment right now.

I find it surprising people don't get it and come up with various crap explanations like "Silk road" this or "US gov shutdown" that.

Angry birds market cap sits at $7 billion. A revolutionary payment system like Bitcoin should sit somewhere at $200 billion atm and it barely touched $2billion. Bitcoin is hugely undervalued. Price should be somewhere around $20k/Bitcoin.

Bitcoin has a potential market cap in the trillions. Mastercoin built on top of it puts it at least at 5 trillion (Forex level). Readjust your calculations.

Potential sure, but I'm talking about its current market value, what a fair valuation should be.

[Zangelbert Bingledack]

And no, looking in log-scale is not "cheating".  Going from 1 to 1.8 is just as spectacular as going from 100 to 180.

This is false. Think about it in terms of "people involved" and "money volume necessary to cause a price level increase", and you will see $100 to $180 is much different than $1 to $1.8

Think about it in terms of exponential growth, as in exponential amount of an "people involved" each bringing along individual "money volume necessary to cause a price level increase", and you will see $100 to $180 is actually pretty similar to $1 to $1.8

Exponential increases in people and money flow are not easy things to accomplish. Such occurences are the exception, not the rule (don't fall prey to survivor bias). That isn't to say it won't happen, just acknowledging the facts.

It is when you're still tiny and have network effects via myriad channels.

[viboracecata]

Bitcoin millionares are worried about the price, for people have small amount of bitcoins, they hope the skyrocketing last long and long.

[Spaceman_Spiff]

And no, looking in log-scale is not "cheating".  Going from 1 to 1.8 is just as spectacular as going from 100 to 180.

This is false. Think about it in terms of "people involved" and "money volume necessary to cause a price level increase", and you will see $100 to $180 is much different than $1 to $1.8

Think about it in terms of exponential growth, as in exponential amount of an "people involved" each bringing along individual "money volume necessary to cause a price level increase", and you will see $100 to $180 is actually pretty similar to $1 to $1.8

Exponential increases in people and money flow are not easy things to accomplish. Such occurences are the exception, not the rule (don't fall prey to survivor bias). That isn't to say it won't happen, just acknowledging the facts.

It is when you're still tiny and have network effects via myriad channels.

This, there is a reason why adoption curves are S-shaped.

[David M]

No.

[smoothie]

No.