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Topic: $1000 per Bitcoin - Just a bubble - page 3. (Read 4601 times)

hero member
Activity: 826
Merit: 501
in defi we trust
December 04, 2013, 11:27:16 AM
#39
Dont forget the Indians. India is just waking up. BTC has a long way up to go.

You guys sleep a bit too much.
brand new
Activity: 0
Merit: 0
December 04, 2013, 10:57:37 AM
#39
its not bubble ! its going 10000 !!!
newbie
Activity: 13
Merit: 0
December 04, 2013, 10:49:49 AM
#38
Dont forget the Indians. India is just waking up. BTC has a long way up to go.
newbie
Activity: 2
Merit: 0
December 04, 2013, 10:11:17 AM
#37
Hey guys,

I'm new posting around here but have been using and collecting bitcoin since it was around $9 per coin, I wish I had held on to them now as I would be laughing rather than trying desperately to get back in now, I still think that bitcoin has a long way to go and the price will be a lot higher than $1000/1BTC in the long run.

I think as more people are adopting the currency including the Chinese, there will be a lot more uses for it over the next year where we will see what is going to happen for this currency.
hero member
Activity: 826
Merit: 501
in defi we trust
December 04, 2013, 09:23:41 AM
#36
that's a lot you wrote, but yeah.. we past the $whohillion market capitalization rate a long time ago. we recently passed $10 billion.

Can you show me where you got the information that we passed 10 billion? Half of the possible Bitcoins have been mined recently which is about 10 million. 10 million x 1000 per Bitcoin is only 1 billion. Therefore, we are nowhere near 10 billion. 

LOOOOL , based on your math...
Where did you copy the first post. Cause it's clear you fail at math.
hero member
Activity: 588
Merit: 500
December 04, 2013, 09:07:47 AM
#35
IMHO Bitcoins are totally unpredictable in there movement pattern,it all depend on the demand and as long as it's higher than selling the price will maintain/improve but you can't predict it for long term.
full member
Activity: 238
Merit: 100
December 04, 2013, 06:03:47 AM
#34
theres a lot money put into bitcoin already so its not a bubble

I don't get your argument.

Whenever there is an economic bubble, a lot of money is invested.
newbie
Activity: 5
Merit: 0
December 04, 2013, 06:01:17 AM
#33
OP = FUD ~+ tl;dr  :-)  BTC@12OO//^ hahaaaa
newbie
Activity: 2
Merit: 0
December 04, 2013, 05:59:17 AM
#32
theres a lot money put into bitcoin already so its not a bubble
newbie
Activity: 9
Merit: 0
December 04, 2013, 05:55:00 AM
#31
Does 1 BTC worth 1000 USD? I don't know.
Is the BTC price increasing too fast for the past year? Definitely, IMHO.

What do you mean fast? Look at previous BTC yearly price increase % and you will see nothing unusual...

BTC price in Dec 2012 is somewhat like 12-13 USD.
Which word would you use to describe a "10000% increase in a year"?
Steady? or Crazy?
newbie
Activity: 10
Merit: 0
December 04, 2013, 05:42:49 AM
#30
I thought it was a bubble at $300 and sold 13 BTC. Never mind, I was happy at that moment, and would be more bothered if the price had fallen and I hadn't sold, than the fact it's risen since.

But what I've mined since I'm holding on to for now  Roll Eyes

I've known people who held onto stock in the hundreds only to watch it go down to pretty much nothing. Be happy with your profits.

I'm jealous that you can mine..........
sr. member
Activity: 375
Merit: 250
December 04, 2013, 05:37:53 AM
#29
Does 1 BTC worth 1000 USD? I don't know.
Is the BTC price increasing too fast for the past year? Definitely, IMHO.

What do you mean fast? Look at previous BTC yearly price increase % and you will see nothing unusual...
newbie
Activity: 9
Merit: 0
December 04, 2013, 05:33:01 AM
#28
newbie
Activity: 19
Merit: 0
December 04, 2013, 04:02:52 AM
#27
That is amazing, wow
full member
Activity: 133
Merit: 100
December 04, 2013, 03:15:40 AM
#26
It will be interesting to see what happens (if?) when the Winklevoss twins release their ETF. That will allow a great deal of FIAT liquidity into the market through exposure to the greater financial world that theoretically should cause a decent bump upwards. It also will position BTC as a commodity- which is both good and bad in terms of meeting it's currency ambitions.
full member
Activity: 200
Merit: 100
December 04, 2013, 02:59:30 AM
#25
that's a lot you wrote, but yeah.. we past the $whohillion market capitalization rate a long time ago. we recently passed $10 billion.

Can you show me where you got the information that we passed 10 billion? Half of the possible Bitcoins have been mined recently which is about 10 million. 10 million x 1000 per Bitcoin is only 1 billion. Therefore, we are nowhere near 10 billion.  
www.coinmarketcap.com
 Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes
sr. member
Activity: 334
Merit: 250
December 04, 2013, 02:52:34 AM
#24
stop bumping these threads fro 1983. I recently bought spain for 1.0125btc

LOL sorry to bump thread but this is worth it.  I too was one who had thought as Bitcoin as another one of those internet fads doomed to fade.  Then I started researching it.  Learned some that got me interested, started mining for a hobby to understand it and I must say the more I understand about this system the fewer flaws I can find in it.  Not many systems of this complexity hold up under scrutiny but I do personally believe this may be the start of something big.  A revolution that benefits the people in a way not since the overthrow of monarchs.
newbie
Activity: 34
Merit: 0
December 03, 2013, 08:10:18 PM
#23
I doubt it'll go that high, Virgin Galactic started accepting bitcoins few days ago and the price didn't jump to much.
sr. member
Activity: 434
Merit: 250
November 30, 2013, 07:53:14 PM
#22
sold .5 at $250, thought it was going to bubble too.. that bubble did come, but only after it hit $900 and it only went to the high 400's. it's a speculative bubble, but it's also a sound investment. do with it what you wish.

i think next week we're going to hear an announcement from a retailer that will accept BTC, and the price is going to run up a bit, possibly to $1400?
newbie
Activity: 1
Merit: 0
November 30, 2013, 07:50:06 PM
#21
I thought it was a bubble at $300 and sold 13 BTC. Never mind, I was happy at that moment, and would be more bothered if the price had fallen and I hadn't sold, than the fact it's risen since.

But what I've mined since I'm holding on to for now  Roll Eyes
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