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meanig
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July 17, 2012, 01:52:01 AM |
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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  |
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Cranky4u
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July 17, 2012, 01:53:08 AM |
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USD$9.30 / BTC...crazy and dangerous swing
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Littleshop
Legendary
 Offline
Activity: 1386
Merit: 1004
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July 17, 2012, 01:53:22 AM |
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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 |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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July 17, 2012, 06:48:28 PM |
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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  |
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zhalox
Full Member
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Activity: 176
Merit: 106
XMR = BTC in 2010. Rise chikun.
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July 19, 2012, 04:49:27 PM |
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I think that by next month, it is very possible that we may never see Bitcoin worth single digits again...
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proudhon
Legendary
Offline
Activity: 2198
Merit: 1311
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July 20, 2012, 12:31:21 PM |
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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. |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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thezerg
Legendary
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Activity: 1246
Merit: 1010
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July 20, 2012, 04:32:07 PM |
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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 |
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sadpandatech
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July 20, 2012, 04:42:46 PM |
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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
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FreeMoney
Legendary
Offline
Activity: 1246
Merit: 1016
Strength in numbers
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July 20, 2012, 06:44:15 PM |
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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. |
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proudhon
Legendary
Offline
Activity: 2198
Merit: 1311
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July 20, 2012, 08:44:49 PM |
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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!  |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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thezerg
Legendary
Offline
Activity: 1246
Merit: 1010
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July 21, 2012, 12:25:10 AM |
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Drat! I had a winning strategy: 1. Needle proudhon 2. Use his pride against himself to acquire BTC options. 3.  4. Profit! Instead I was met with honesty and integrity... what's happening to BTC?  |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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July 21, 2012, 12:44:16 AM |
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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 times) Bitcoin would be a slightly bigger market then it is today  |
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proudhon
Legendary
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Activity: 2198
Merit: 1311
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July 21, 2012, 03:16:38 AM |
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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 times) Bitcoin would be a slightly bigger market then it is today Hey, that was weird. Somehow you've been on ignore. Don't know how that happened. |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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smoothie
Legendary
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Activity: 2492
Merit: 1474
LEALANA Bitcoin Grim Reaper
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July 21, 2012, 03:18:23 AM |
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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 times) Bitcoin would be a slightly bigger market then it is today Or more inflated market... |
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