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Author Topic: Does not it bother anyone that BTC value increasing too fast?  (Read 7713 times)
EccLipSe (OP)
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November 16, 2013, 07:21:02 PM
 #1

There is a big game maybe bigger than btc? Somehow value rising continuously. This never been happen before. I see that everybody happy with that. But this a baloon and when it is end damage maybe bigger than expections. Everybody speaking about bitcoin on tv, on newspapers etc. Many people investing to bitcoin. Many people will loose their thrust after that big fall.

What you thing? Someone trying to kill Bitcoin forever?
theecoinomist
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November 16, 2013, 07:27:09 PM
 #2

No, demand is rising due to its technological advantages. Press help accelerate this, and while there may be crashes ahead of time, we are not anywhere near the top now.

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November 16, 2013, 07:28:01 PM
 #3

Nah, bitcoin has always been like that, nothing new

bbit
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November 16, 2013, 07:28:33 PM
 #4

Everything will be fine ...


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exstasie
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November 16, 2013, 07:28:54 PM
 #5

Yes, it does bother me a bit, and does concern me a bit about the future.
hopefully when it crashes, people don't abandon BTC all together!

justusranvier
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November 16, 2013, 07:31:35 PM
 #6

This never been happen before.
Not correct:

http://bitcoincharts.com/charts/mtgoxUSD#tgSzm1g7zm2g25zl
bassclef
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November 16, 2013, 07:37:46 PM
 #7

Global adoption, supply and demand. What do you expect the price to do? Check out the speculation forum, people are literally begging for cheap coins.
AndrewWilliams
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November 16, 2013, 07:44:38 PM
 #8

My wallet isn't complaining.  Grin
Coinseeker
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November 16, 2013, 07:45:26 PM
 #9

It's sad, the willful ignorance by people to refuse to see this is little more than "Gold Fever", "Tulip Mania", fed by the media, is the exact ignorance that landed us as slaves to the current monetary system.  It's not that we didn't know deep down something was wrong, it was that we wanted to believe everything was ok, because the here and now feels so good.  The future be damned.   Roll Eyes  A few are going to get very rich and most are going to end up holding the bag.

My wallet isn't complaining.  Grin

...and there you have it. 

If your ignore button isn't glowing, you're doing it wrong.
AndrewWilliams
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November 16, 2013, 07:49:01 PM
 #10

It's sad, the willful ignorance by people to refuse to see this is little more than "Gold Fever", "Tulip Mania", fed by the media, is the exact ignorance that landed us as slaves to the current monetary system.  It's not that we didn't know deep down something was wrong, it was that we wanted to believe everything was ok, because the here and now feels so good.  The future be damned.   Roll Eyes  A few are going to get very rich and most are going to end up holding the bag.

My wallet isn't complaining.  Grin

I rest my case. 

Quiet, my Bitcoin is talking to me  Grin

Bitcoin speaks, I listen  Wink
beekeeper
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November 16, 2013, 07:53:20 PM
 #11

I guess you weren't here during April rush..

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November 16, 2013, 07:54:55 PM
 #12

Welcome to bitcoin....

more or less retired.
franky1
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November 16, 2013, 08:03:42 PM
 #13

No, demand is rising due to its technological advantages. Press help accelerate this, and while there may be crashes ahead of time, we are not anywhere near the top now.

last year pick any day and MTGox had over 130k-150k of sale orders.. meaning there were that many BTC's deposited into MTGOX to be able to sell.

now there is 13k.. so ignoring the supply of coins in peoples personal wallets. there is a lack of supply on MTGOX, making MTGox prices shoot up, and every other exchange follow like sheep.

this has been noted by china's exchange slowing increasing its supply. so slowly you will see china flooded with coins, thus a chinese slow down and possible drop. while MTGox rises.

and then the chinese will ofcourse try selling at gox again to profit on the whole arbitrage between fiat currency differences.

all in all the volitility swings will happen more often now that there is a new country involved with a large population base playing the markets. we may not have noticed much of a change if a few UK exchanges popped up to steal the U.S owned BTC. but china.. well this is a whole new ball game.

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
AndrewWilliams
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November 16, 2013, 08:04:36 PM
 #14

I guess you weren't here during April rush..


This rush you speak of.... it sounds so, foreign to me.

Oh! The great calamity of April 2013! Oh yes, why I've heard the horror stories of it.

But no worry, Bitcoin is now mainstream (tm), and the Chinese are into it (tm), so to the moon we go (tm)!  Cheesy Grin
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November 16, 2013, 09:49:19 PM
 #15

I guess you weren't here during April rush..


This rush you speak of.... it sounds so, foreign to me.

Oh! The great calamity of April 2013! Oh yes, why I've heard the horror stories of it.

But no worry, Bitcoin is now mainstream (tm), and the Chinese are into it (tm), so to the moon we go (tm)!  Cheesy Grin

Missing April Rush is like missing Woodstock..

25Khs at 5W Litecoin USB dongle (FPGA), 45kHs overclocked
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November 16, 2013, 09:50:37 PM
 #16

It just makes me wish my wallet was fatter.

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November 16, 2013, 09:52:24 PM
 #17

Don't worry, the wild value swings is an everyday occurrence in Bitcoin. I was actually amazed by how stable the price was at around $100. Tongue

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November 16, 2013, 10:03:42 PM
 #18

Global adoption, supply and demand. What do you expect the price to do? Check out the speculation forum, people are literally begging for cheap coins.

People were saying the same 6 months ago..

BTC to the moon!
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November 16, 2013, 10:05:06 PM
Last edit: November 17, 2013, 12:20:53 AM by Welsh
 #19

It has always been like that and will remain like it for quite some time. It normally drops just as quick. Then people normally start panic selling and everyone shouts out "it's the end of Bitcoin sell now!" which can be quite annoying. As it does scare away newbies.
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November 16, 2013, 10:08:46 PM
 #20

There is a big game maybe bigger than btc? Somehow value rising continuously. This never been happen before. I see that everybody happy with that. But this a baloon and when it is end damage maybe bigger than expections. Everybody speaking about bitcoin on tv, on newspapers etc. Many people investing to bitcoin. Many people will loose their thrust after that big fall.

What you thing? Someone trying to kill Bitcoin forever?



I think once this bubble pops the people will make more bubbles! In general people like bubbles.  Cheesy
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