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Author Topic: Bitcoin soaring, highest I've seen it since last year while it was decreasing  (Read 3127 times)
meanig
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July 17, 2012, 01:52:01 AM
 #21

I actually think the price is skyrocketing because people are buying BFL stuff with cash-thus converting into btc via bitpay and providing an artificially high demand for BTC at the moment.

I think BFL stuff may be part of it, but just as much Paypal cutting off cyberlockers and Mr Dotcom's publicity, as well as general greater use of bitcoin.  

This. If he implements bitcoin for megabox the last high will seem miniscule in comparison.

I think Kim decided to dump a few hundred thousand he had hidden away somewhere into Bitcoin. He'll wait a few days before making a big announcement about how awesome Bitcoin is before quadrupling his money  Cool
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Cranky4u
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July 17, 2012, 01:53:08 AM
 #22

USD$9.30 / BTC...crazy and dangerous swing

Littleshop
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July 17, 2012, 01:53:22 AM
 #23

I actually think the price is skyrocketing because people are buying BFL stuff with cash-thus converting into btc via bitpay and providing an artificially high demand for BTC at the moment.

I think BFL stuff may be part of it, but just as much Paypal cutting off cyberlockers and Mr Dotcom's publicity, as well as general greater use of bitcoin.  

This. If he implements bitcoin for megabox the last high will seem miniscule in comparison.

+1

You have all of these factors working together to push BTC demand:
Megabox
Pirate BST
Bit-Pay
Bit-Instant
BFL
Satoshi Dice


dacoinminster
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July 17, 2012, 05:57:31 PM
 #24


Here's why bitcoin price increases are just getting started:


The infographic is part of a larger presentation on the potential of bitcoin which I made.

adamstgBit
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July 17, 2012, 06:48:28 PM
 #25

dont forget bitcoin has created a new market within its self (call it speculation market), as the bitcoin grows due to new demand for example more users on SR. the speculation market grows as well.

The next few weeks will be epic! 

OH JOY Cheesy


zhalox
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July 19, 2012, 04:49:27 PM
 #26

I think that by next month, it is very possible that we may never see Bitcoin worth single digits again...

proudhon
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July 20, 2012, 12:31:21 PM
 #27

I think that by next month, it is very possible that we may never see Bitcoin worth single digits again...

Nah, it'll be worth single digits into next year.
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July 20, 2012, 04:32:07 PM
 #28

I think that by next month, it is very possible that we may never see Bitcoin worth single digits again...

Nah, it'll be worth single digits into next year.

You've claimed you have a paper wallet stash... so sell a buy option at 9.99 expiring 2013/04/15
sadpandatech
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July 20, 2012, 04:42:46 PM
 #29

I think that by next month, it is very possible that we may never see Bitcoin worth single digits again...

Nah, it'll be worth single digits into next year.
hehe, this is the last bear who kept waiting for the decline.. Don't miss your lunch, bear. ;p



If you're not excited by the idea of being an early adopter 'now', then you should come back in three or four years and either tell us "Told you it'd never work!" or join what should, by then, be a much more stable and easier-to-use system. - GA
It is being worked on by smart people. -DamienBlack
FreeMoney
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July 20, 2012, 06:44:15 PM
 #30

I think that by next month, it is very possible that we may never see Bitcoin worth single digits again...

Nah, it'll be worth single digits into next year.

You've claimed you have a paper wallet stash... so sell a buy option at 9.99 expiring 2013/04/15

He's not serious.

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
proudhon
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July 20, 2012, 08:44:49 PM
 #31

I think that by next month, it is very possible that we may never see Bitcoin worth single digits again...

Nah, it'll be worth single digits into next year.

You've claimed you have a paper wallet stash... so sell a buy option at 9.99 expiring 2013/04/15

He's not serious.

I have to confess, with a smidgen of embarrassment, that even I'm having a hard time taking myself seriously lately.  In fact, Lately I've been feeling some cognitive dissonance about my bearishness.  The fact that I've got a stash of offline bitcoins is good evidence of this.  Get it together Proudhon!

thezerg
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July 21, 2012, 12:25:10 AM
 #32

Drat!  I had a winning strategy:

1. Needle proudhon
2. Use his pride against himself to acquire BTC options.
3. Huh
4. Profit!

Instead I was met with honesty and integrity... what's happening to BTC?  Grin
adamstgBit
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July 21, 2012, 12:44:16 AM
 #33

Do you think taking out the gambling aspect (e.g. Bitcoinica) has to do with the soaring prices?

yes and no

Bitcoinca actually hurt the price

If bitcoin would of never been hacked and just got better and better, allowing people to securely DOUBLE their money  ( up to 10 million dollars .. which Z could of done if hehe wasn't hack 3 4 5  Huh times) Bitcoin would be a slightly bigger market then it is today  Wink

proudhon
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July 21, 2012, 03:16:38 AM
 #34

Do you think taking out the gambling aspect (e.g. Bitcoinica) has to do with the soaring prices?

yes and no

Bitcoinca actually hurt the price

If bitcoin would of never been hacked and just got better and better, allowing people to securely DOUBLE their money  ( up to 10 million dollars .. which Z could of done if hehe wasn't hack 3 4 5  Huh times) Bitcoin would be a slightly bigger market then it is today  Wink

Hey, that was weird.  Somehow you've been on ignore.  Don't know how that happened.
smoothie
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July 21, 2012, 03:18:23 AM
 #35

Do you think taking out the gambling aspect (e.g. Bitcoinica) has to do with the soaring prices?

yes and no

Bitcoinca actually hurt the price

If bitcoin would of never been hacked and just got better and better, allowing people to securely DOUBLE their money  ( up to 10 million dollars .. which Z could of done if hehe wasn't hack 3 4 5  Huh times) Bitcoin would be a slightly bigger market then it is today  Wink


Or more inflated market...

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