Zangelbert Bingledack
Legendary
 Offline
Activity: 1036
Merit: 1000
|
 |
April 05, 2013, 12:54:02 PM |
|
I think people are just trying to cool the rally. It literally would harm Bitcoin for the price to rise at this speed (weekly doubling) for much longer, because by the time we hit $10,000 (next month!) all sorts of shit is going to start breaking and the ensuing chaos will break even more stuff, then giant crash. I don't think this will happen, but that's because I don't think we will go up at this insane pace for much longer without big pulbacks.
Coinbase is already toast, and Gox will likely be soon. The infrastructure needs a little time to adapt.
That said, a run to triple digits this month wouldn't alarm me much. But if the pace didn't slow after that I'd be worried.
what currency are you talking about? Bitdimes  Yeah I meant quadruple digits. |
|
|
|
|
|
|
|
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
|
|
|
|
|
Spaceman_Spiff
Legendary
Offline
Activity: 1638
Merit: 1000
₪``Campaign Manager´´₪
|
|
April 05, 2013, 12:58:41 PM |
|
I think people are just trying to cool the rally. It literally would harm Bitcoin for the price to rise at this speed (weekly doubling) for much longer, because by the time we hit $10,000 (next month!) all sorts of shit is going to start breaking and the ensuing chaos will break even more stuff, then giant crash. I don't think this will happen, but that's because I don't think we will go up at this insane pace for much longer without big pulbacks.
Coinbase is already toast, and Gox will likely be soon. The infrastructure needs a little time to adapt.
That said, a run to triple digits this month wouldn't alarm me much. But if the pace didn't slow after that I'd be worried.
what currency are you talking about? Bitdimes Yeah I meant quadruple digits. Quadruple digits would make me a very very happy man  , and I guess I am not the only one here  . I wonder if we would go that far this bull run though... I am still bullish for the coming weeks. 2 months from now: not so much. |
|
|
|
|
|
|
Zangelbert Bingledack
Legendary
Offline
Activity: 1036
Merit: 1000
|
|
April 05, 2013, 01:27:28 PM |
|
I'm guessing Coinbase will have its trial-by-fire soon ( now?) or other mishap will happen in the next few days/weeks to cool things off. It's all about timing. Of course there is also the possibility of more very good news... |
|
|
|
|
|
DougTanner
|
|
April 05, 2013, 01:27:40 PM |
|
Pretty uneventful night, if the weekend continues like this there's going to be a fucking huge explosion Monday (bids USD at ATH, ask sum still very low, Bitstamp/Virtex/BtcCN still way ahead).  |
|
|
|
Zangelbert Bingledack
Legendary
Offline
Activity: 1036
Merit: 1000
|
|
April 05, 2013, 01:33:04 PM |
|
Quadruple digits would make me a very very happy man , and I guess I am not the only one here . We're gonna need a "Counseling for the Newly Wealthy" thread pretty soon |
|
|
|
|
Spaceman_Spiff
Legendary
Offline
Activity: 1638
Merit: 1000
₪``Campaign Manager´´₪
|
|
April 05, 2013, 01:47:58 PM |
|
Quadruple digits would make me a very very happy man , and I guess I am not the only one here . We're gonna need a "Counseling for the Newly Wealthy" thread pretty soon A few more months like this will do the trick . |
|
|
|
|
|
Zomdifros
|
|
April 05, 2013, 01:52:25 PM |
|
Quadruple digits would make me a very very happy man , and I guess I am not the only one here . We're gonna need a "Counseling for the Newly Wealthy" thread pretty soon A few more months like this will do the trick . I'm still going for quintuple digits this year. Right now, there is an unbelievable amount of FUD spread by the press. Out of the last ten articles I've read, nine were downright negative. It seems people feel smart about themselves if they can point towards something they don't understand and call it a bubble, hoping they are right in the end. Well obviously they are not. There will be a huge swarm of newbies heading for Bitcoin and those who take the time to learn about the system will find out it's fucking fantastic. All these guys will be buyers next week. |
|
|
|
|
mccorvic
|
|
April 05, 2013, 02:13:56 PM |
|
Bids just jumped up and close to 12mil. Things will stay interesting today I think.
|
|
|
|
|
deeplink
|
|
April 05, 2013, 02:16:26 PM |
|
Bids just jumped up and close to 12mil. Things will stay interesting today I think.
Better bring out the power hamsters!  |
|
|
|
|
Piper67
Legendary
Offline
Activity: 1106
Merit: 1001
|
|
April 05, 2013, 02:19:42 PM |
|
Bids just jumped up and close to 12mil. Things will stay interesting today I think.
Better bring out the power hamsters! All Gox really has to do is switch to the high protein hamster food. |
|
|
|
|
|
mccorvic
|
|
April 05, 2013, 02:35:32 PM |
|
Can't we just send them more hamsters?
Only so many hamster you can stick in one hamster wheel. |
|
|
|
justusranvier
Legendary
Offline
Activity: 1400
Merit: 1006
|
|
April 05, 2013, 02:45:25 PM |
|
|
|
|
|
|
|
|
Piper67
Legendary
Offline
Activity: 1106
Merit: 1001
|
|
April 05, 2013, 02:55:19 PM |
|
Bid sum almost at 12 mil... just sayin'
|
|
|
|
|
|
mccorvic
|
|
April 05, 2013, 02:59:29 PM |
|
Bid sum almost at 12 mil... just sayin'
Muw-hahahhaha. Rally everyday! |
|
|
|
|
ineededausername
|
|
April 05, 2013, 03:05:59 PM |
|
All set for rally! Let's go!
edit: Depth to $150 dropping like a rock, only 21k btc now.
|
(BFL)^2 < 0
|
|
|
|
zkay
|
|
April 05, 2013, 03:10:51 PM |
|
I'm very wary to try and buy back in on a Friday. Am I alone in this?
|
|
|
|
|
Piper67
Legendary
Offline
Activity: 1106
Merit: 1001
|
|
April 05, 2013, 03:11:28 PM |
|
I'm very wary to try and buy back in on a Friday. Am I alone in this?
Of course not, which is why those 12 mil are sitting there  |
|
|
|
|
Jaques
Member
Offline
Activity: 112
Merit: 10
|
|
April 05, 2013, 03:19:24 PM |
|
I'm very wary to try and buy back in on a Friday. Am I alone in this?
a bit, but getting tired, ready for weekend, and still have some euros to convert ...  |
|
|
|
|
|
