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100$ price increases per day are now new normal
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Topic: 100$ price increases per day are now new normal (Read 670 times)
Gordonium
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100$ price increases per day are now new normal
November 19, 2013, 12:31:15 AM
#1
I think that soon $1000 increases per day will be normal.
After that we enter into the Bitcoin Singularity.
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sgbett
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Re: 100$ price increases per day are now new normal
November 19, 2013, 12:34:25 AM
#2
I think you underestimate just how many dollars there are
"A purely peer-to-peer version of
electronic cash
would allow online payments to be sent directly from one party to another
without going through a financial institution
"
-
Satoshi Nakamoto
*my posts are not investment advice*
phlogistonq
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Re: 100$ price increases per day are now new normal
November 19, 2013, 12:35:38 AM
#3
Hey, it made $100 swings in mere minutes a couple of times today, at least on some exchanges...
glendall
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Re: 100$ price increases per day are now new normal
November 19, 2013, 12:37:59 AM
#4
I would have thought I'd be prepared for this last 2 weeks of craziness in the bitcoin world but I'm just not. It's just plain nuts. I still can't parse the prices we are seeing. Every single time I set expectations for Bitcoin, even when I first heard of it a long time back, each time it blows away my expectations.
Even if someone said it'll be like $20,000 a bitcoin someday I can't say any more that that is ridiculous.
I think this also shows how weak and rotten the fiat currency world is, but suppose that's a different discussion...
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Gordonium
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Re: 100$ price increases per day are now new normal
November 19, 2013, 12:39:52 AM
#5
Quote from: phlogistonq on November 19, 2013, 12:35:38 AM
Hey, it made $100 swings in mere minutes a couple of times today, at least on some exchanges...
Sure but what I meant with new normal was that it will increase EVERY DAY with 100$ from now on. And after that with $1000. And after that..
Gemminyc
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Re: 100$ price increases per day are now new normal
November 19, 2013, 12:47:01 AM
#6
Quote from: phlogistonq on November 19, 2013, 12:35:38 AM
Hey, it made $100 swings in mere minutes a couple of times today, at least on some exchanges...
True, no much needed to crash this bubble. I saw such fast price rise right before crash already, so no surprise for me if it happens soon
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