Piper67
Legendary
 Offline
Activity: 1106
Merit: 1001
|
 |
April 09, 2013, 08:10:24 PM |
|
image  It's called bear trap.  The good wife episode was media attention, glbse enthusiasm, the pirate ponzi greed and the delusion phase started with cypress. No. We are just in intersection of smart money and early institutional investors. It is is to lose perspective, but most of even fairly tech savy peoples haven't even heard about Bitcoin. It hasn't even begun. Agreed. The amounts of money that have been flowing into Bitcoin in the last few weeks, while large by the standards of the typical visitor to these forums, are really a drop in the bucket when it comes to the big league investors. THEY aren't even looking at Bitcoin yet... it's not big enough! |
|
|
|
|
|
|
|
According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
Gordonium
|
|
April 09, 2013, 08:12:06 PM |
|
THEY aren't even looking at Bitcoin yet... it's not big enough!
They haven't even heard of Bitcoin. Yet... |
|
|
|
|
ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
|
|
April 09, 2013, 08:14:49 PM |
|
image It's called bear trap. The good wife episode was media attention, glbse enthusiasm, the pirate ponzi greed and the delusion phase started with cypress. No. We are just in intersection of smart money and early institutional investors. It is is to lose perspective, but most of even fairly tech savy peoples haven't even heard about Bitcoin. It hasn't even begun. Agreed. The amounts of money that have been flowing into Bitcoin in the last few weeks, while large by the standards of the typical visitor to these forums, are really a drop in the bucket when it comes to the big league investors. THEY aren't even looking at Bitcoin yet... it's not big enough! That's why it's called delusion. |
|
|
|
|
|
Ozymandias
|
|
April 09, 2013, 08:24:24 PM |
|
image It's called bear trap. The good wife episode was media attention, glbse enthusiasm, the pirate ponzi greed and the delusion phase started with cypress. No. We are just in intersection of smart money and early institutional investors. It is is to lose perspective, but most of even fairly tech savy peoples haven't even heard about Bitcoin. It hasn't even begun. Agreed. The amounts of money that have been flowing into Bitcoin in the last few weeks, while large by the standards of the typical visitor to these forums, are really a drop in the bucket when it comes to the big league investors. THEY aren't even looking at Bitcoin yet... it's not big enough! That's why it's called delusion. Don't worry, EM, it'll pass and you'll see what the rest of us see soon. |
|
|
|
|
ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
|
|
April 09, 2013, 08:25:26 PM |
|
image It's called bear trap. The good wife episode was media attention, glbse enthusiasm, the pirate ponzi greed and the delusion phase started with cypress. No. We are just in intersection of smart money and early institutional investors. It is is to lose perspective, but most of even fairly tech savy peoples haven't even heard about Bitcoin. It hasn't even begun. Agreed. The amounts of money that have been flowing into Bitcoin in the last few weeks, while large by the standards of the typical visitor to these forums, are really a drop in the bucket when it comes to the big league investors. THEY aren't even looking at Bitcoin yet... it's not big enough! That's why it's called delusion. Don't worry, EM, it'll pass and you'll see what the rest of us see soon. Just like with pirate  |
|
|
|
|
|
Ozymandias
|
|
April 09, 2013, 08:27:19 PM |
|
image It's called bear trap. The good wife episode was media attention, glbse enthusiasm, the pirate ponzi greed and the delusion phase started with cypress. No. We are just in intersection of smart money and early institutional investors. It is is to lose perspective, but most of even fairly tech savy peoples haven't even heard about Bitcoin. It hasn't even begun. Agreed. The amounts of money that have been flowing into Bitcoin in the last few weeks, while large by the standards of the typical visitor to these forums, are really a drop in the bucket when it comes to the big league investors. THEY aren't even looking at Bitcoin yet... it's not big enough! That's why it's called delusion. Don't worry, EM, it'll pass and you'll see what the rest of us see soon. Just like with pirate A perfect comparison since the totality of the market is basically the same thing as a single person, brilliant. |
|
|
|
|
Piper67
Legendary
Offline
Activity: 1106
Merit: 1001
|
|
April 09, 2013, 08:28:33 PM |
|
image It's called bear trap. The good wife episode was media attention, glbse enthusiasm, the pirate ponzi greed and the delusion phase started with cypress. No. We are just in intersection of smart money and early institutional investors. It is is to lose perspective, but most of even fairly tech savy peoples haven't even heard about Bitcoin. It hasn't even begun. Agreed. The amounts of money that have been flowing into Bitcoin in the last few weeks, while large by the standards of the typical visitor to these forums, are really a drop in the bucket when it comes to the big league investors. THEY aren't even looking at Bitcoin yet... it's not big enough! That's why it's called delusion. Don't worry, EM, it'll pass and you'll see what the rest of us see soon. Just like with pirate Lucky for all of us, all we have to do is not die and we'll be able to witness how this pans out. |
|
|
|
|
|
Zomdifros
|
|
April 09, 2013, 08:29:25 PM |
|
image It's called bear trap. The good wife episode was media attention, glbse enthusiasm, the pirate ponzi greed and the delusion phase started with cypress. No. We are just in intersection of smart money and early institutional investors. It is is to lose perspective, but most of even fairly tech savy peoples haven't even heard about Bitcoin. It hasn't even begun. Agreed. The amounts of money that have been flowing into Bitcoin in the last few weeks, while large by the standards of the typical visitor to these forums, are really a drop in the bucket when it comes to the big league investors. THEY aren't even looking at Bitcoin yet... it's not big enough! That's why it's called delusion. You are way off, Bitcoin can't be compared to some random stock. It's a New Paradigm!!! |
|
|
|
ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
|
|
April 09, 2013, 08:31:15 PM |
|
snip Just like with pirate Lucky for all of us, all we have to do is not die and we'll be able to witness how this pans out. Even if I am wrong and we really are at takeoff there is the first selloff phase coming up shortly. |
|
|
|
|
|
nimda
|
|
April 09, 2013, 08:31:31 PM |
|
Scared out of my mind right now. Time to panic hold.
|
|
|
|
|
Wekkel
Legendary
Offline
Activity: 3108
Merit: 1531
yes
|
|
April 09, 2013, 08:32:19 PM |
|
Please keep on quoting with that nice pic in it again and again. Can't get enough of it...
|
|
|
|
|
bullioner
|
|
April 09, 2013, 08:33:18 PM |
|
That's why it's called delusion.
You are way off, Bitcoin can't be compared to some random stock. It's a New Paradigm!!! Ah. Currently 2% down. Doubt that means much. Probably some sort of glitch. I'm buying this dip on the expectation that things should be back to normal very soon. |
|
|
|
|
|
mccorvic
|
|
April 09, 2013, 08:33:53 PM |
|
snip Just like with pirate Lucky for all of us, all we have to do is not die and we'll be able to witness how this pans out. Even if I am wrong and we really are at takeoff there is the first selloff phase coming up shortly. I don't have experience with investing in new tech, but I would imagine these huge daily dumps could be seen as mini-selloffs. Does anyone know if this pattern of someone dumping significant portions of "stock" on every price point or something like this happens with emerging markets elsewhere? |
|
|
|
Piper67
Legendary
Offline
Activity: 1106
Merit: 1001
|
|
April 09, 2013, 08:34:12 PM |
|
snip Just like with pirate Lucky for all of us, all we have to do is not die and we'll be able to witness how this pans out. Even if I am wrong and we really are at takeoff there is the first selloff phase coming up shortly. Sure... or you're really wrong and the old graphs charted over things like stocks don't apply to Bitcoin. Much like they don't apply to thinks like the adoption of TV, computers, the internet, human population growth, inflation of fiat currencies and so many others. It really is just a matter of how wrong you might be. |
|
|
|
|
ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
|
|
April 09, 2013, 08:37:30 PM |
|
snip Just like with pirate Lucky for all of us, all we have to do is not die and we'll be able to witness how this pans out. Even if I am wrong and we really are at takeoff there is the first selloff phase coming up shortly. Sure... or you're really wrong and the old graphs charted over things like stocks don't apply to Bitcoin. Much like they don't apply to thinks like the adoption of TV, computers, the internet, human population growth, inflation of fiat currencies and so many others. It really is just a matter of how wrong you might be. That's why I bring up pirate, his zealots claimed that traditional wisdom doesn't apply to bitcoin and hence his scheme too. |
|
|
|
|
|
ehoffman
|
|
April 09, 2013, 08:40:34 PM |
|
Price reached 289.99$... on Virtex Canada  That's simply crazy... |
Like my comments? Cheer me up at 137s1qFV63M6SXWhKkwjaZKEeZX23pq1hw Don't like my comments, donate to the BCRT (better comment research team) here at 1A1PbZypjEe7yanj69ApVS1FhK8UMW7Wdc |
|
|
|
mccorvic
|
|
April 09, 2013, 08:43:08 PM |
|
Price reached 289.99$... on Virtex Canada That's simply crazy... Have you ever met a Canadian that wasn't simply crazy in general? I haven't.  |
|
|
|
|
bullioner
|
|
April 09, 2013, 08:46:39 PM |
|
That's why it's called delusion.
You are way off, Bitcoin can't be compared to some random stock. It's a New Paradigm!!! Ah. Currently 2% down. Doubt that means much. Probably some sort of glitch. I'm buying this dip on the expectation that things should be back to normal very soon. It did indeed go back to normal, but now appears to have dropped again - further - to 235. I must admit to being a bit scared. |
|
|
|
|
|
The-Real-Link
|
|
April 09, 2013, 08:47:30 PM |
|
Well, wow. Woke up to some good news and yeah, caught Bitcoinity's $200 video haha. In the meantime I made this in advance, though the price didn't take long to meet it. Enjoy  http://www.youtube.com/watch?v=RzLZ8IaqIQY |
Oh Loaded, who art up in Mt. Gox, hallowed be thy name! Thy dollars rain, thy will be done, on BTCUSD. Give us this day our daily 10% 30%, and forgive the bears, as we have bought their bitcoins. And lead us into quadruple digits
|
|
|
Piper67
Legendary
Offline
Activity: 1106
Merit: 1001
|
|
April 09, 2013, 08:50:19 PM |
|
snip Just like with pirate Lucky for all of us, all we have to do is not die and we'll be able to witness how this pans out. Even if I am wrong and we really are at takeoff there is the first selloff phase coming up shortly. Sure... or you're really wrong and the old graphs charted over things like stocks don't apply to Bitcoin. Much like they don't apply to thinks like the adoption of TV, computers, the internet, human population growth, inflation of fiat currencies and so many others. It really is just a matter of how wrong you might be. That's why I bring up pirate, his zealots claimed that traditional wisdom doesn't apply to bitcoin and hence his scheme too. OK, giving you the benefit of the doubt. With Pirate, the maths didn't work. With Bitcoin they do. Nobody is suggesting exponential growth ad infinitum. Just a sharp rise, then a more civilised one as Bitcoin reaches out to a percentage of its actual potential (again, like the adoption of television, radio, the internet itself, none of which is a bubble). Right now, the growth is as it should be if you think of Bitcoin as a technology with the potential for a market cap of somewhere in the region of a few hundred billion to a trillion or so USD. Given Bitcoin's advantages, and the current state of fiat and governments around the world, this could or not be a reasonable assessment. But it isn't necessarily wrong. With Pirate, it was. |
|
|
|
|
|
