$ 230! It was $ 200 about 8 hours ago. How long will this roll?

MaTachi

member

Activity: 98

Merit: 10

Hack the planet!

Quote from: nwbitcoin on April 09, 2013, 02:18:29 PM

A few weeks ago I would have said its a stupid price, but no more.

We are automatically comparing a bitcoin with a dollar, and wonder why its so expensive in compassionate.

But what if a bitcoin was called a bit kg of gold?

Then $240 is cheap - and considering that nobody outside this forum and a few internet sites even knows anything sensible about bitcoin - This could run for at least another 2 years before we get to a point where people stumble.

I really can't see anything stopping it going up for at least another 6 months - even if it does slow down a little! Wink

The price of bitcoin is arbitrary. It doesn't really matter if a single bitcoin costed $ 1 or $ 1000. Because that depends only on the number of bitcoins for sale and the demand.

The problem is the unmotivated, ridiculous growth of the value. It's not sensible with this current growth rate.

rebuilder

legendary

Activity: 1615

Merit: 1000

Quote from: blockbet.net on April 09, 2013, 12:50:51 PM

It will stop when people will say "no, I will not pay that much for a bitcoin".

No, it'll stop when enough people say "OK, that's enough of a profit for me". Then others will say "oh, I'd better cash out while I can!". After that, yet more will say "Shit, better cut my losses quick!".

Just don't ask me when it's going to happen or how drastic the effect will be....

Mike Christ

legendary

Activity: 1078

Merit: 1003

Quote from: cbeast on April 09, 2013, 02:39:38 PM

I've noticed that price goes up during the Asian and Euro time zones, then stagnates or drops during American time zones.

I don't think their media outlets are working quite as hard to discredit Bitcoin. Not that anyone in Europe will believe the gov propaganda at this point anyway Tongue

Crazy

full member

Activity: 182

Merit: 106

Quote from: simplydt on April 09, 2013, 12:52:14 PM

Quote from: MaTachi on April 09, 2013, 12:38:58 PM

The value has increased with 15 % during the last 8 hours. Isn't that sick? How long can this keep on rolling? It has to stop, right? I just can't wrap my head around this, it feels like madness. It's feels like an increasingly growing train wreck. I mean, there are barely any merchants/sites that even take bitcoin. The number of merchants can't justify the ridiculous value growth, right? I just hope that people don't get broke when the train crashes.

Which merchants take gold?

Stop being naive. I could settle any debt I have right now with my physical gold. I can't say the same for my BTC. This is the silliness that's so pervasive on this forum right now. Just another indicator for me at least.

cbeast

donator

Activity: 1736

Merit: 1014

Let's talk governance, lipstick, and pigs.

I've noticed that price goes up during the Asian and Euro time zones, then stagnates or drops during American time zones.

Comodore

full member

Activity: 159

Merit: 100

Quote from: Zendata on April 09, 2013, 02:06:50 PM

This phase, ladies and gentlemen, is known as euphoria.

This statement is out of context. This is not paper for some shit. This is MONEY man, you can pay with it. With tulips you would hardly do so.

Comodore

full member

Activity: 159

Merit: 100

Quote from: simplydt on April 09, 2013, 12:52:14 PM

Quote from: MaTachi on April 09, 2013, 12:38:58 PM

The value has increased with 15 % during the last 8 hours. Isn't that sick? How long can this keep on rolling? It has to stop, right? I just can't wrap my head around this, it feels like madness. It's feels like an increasingly growing train wreck. I mean, there are barely any merchants/sites that even take bitcoin. The number of merchants can't justify the ridiculous value growth, right? I just hope that people don't get broke when the train crashes.

Which merchants take gold?

Very good note

nwbitcoin

sr. member

Activity: 294

Merit: 250

You are a geek if you are too early to the party!

A few weeks ago I would have said its a stupid price, but no more.

We are automatically comparing a bitcoin with a dollar, and wonder why its so expensive in compassionate.

But what if a bitcoin was called a bit kg of gold?

Then $240 is cheap - and considering that nobody outside this forum and a few internet sites even knows anything sensible about bitcoin - This could run for at least another 2 years before we get to a point where people stumble.

I really can't see anything stopping it going up for at least another 6 months - even if it does slow down a little! Wink

Zendata

newbie

Activity: 42

Merit: 0

This phase, ladies and gentlemen, is known as euphoria.

pheaonix

sr. member

Activity: 392

Merit: 250

http://casinobitco.in/ A+ customer support

http://orymh.bandcamp.com/track/the-bitcoin-rally-song

papaminer

sr. member

Activity: 462

Merit: 250

Free World

I am hoping it can go up to 1BTC - $1000

Then I can cashout and buy a house using all my btc /converted to USD..

Seriously...

For new guys....

The HASH RATE HAS INCREASED!!! AND THIS ALSO MEANS DIFFICULTY INCREASE....

if it is "VERY DIFFICULT TO MINE BITCOIN"... it only make sense that the value is HIGH!

Just a few years ago you can use your CPU to mine... and the difficulty was not that high... and it was still easy to earn 1btc in a day...

now... with all the ASICS ROLLING OUT!!! IT IS VERY HARD TO EARN 1BTC...

randrace

sr. member

Activity: 329

Merit: 250

LTC -> BTC -> Silver!

OP, it sounds like you should get out of BTC; soon.

mr chong

member

Activity: 78

Merit: 10

You can blame proudhon, as long as he keeps posting we will continue to hit record highs. $240 was a given with his recent rash of posts, one more post from him will guarantee $250.

Newscastix

sr. member

Activity: 349

Merit: 250

Quote from: chiropteran on April 09, 2013, 01:12:51 PM

$240 now.

The LAST cheap coins below $250 Shocked

Quick!

chiropteran

sr. member

Activity: 348

Merit: 250

$240 now.

sunnankar

legendary

Activity: 1031

Merit: 1000

Quote from: MaTachi on April 09, 2013, 01:09:49 PM

Seriously, what happened during the last 8 hours that justifies an increase in value with 15 %? Oh, wait, stupid question. It's obviously only greedy speculators that are driving up the price to the heaven.

The price is just melting-up because Bitcoins are seriously undervalued. Have you read this?

Kartoff

full member

Activity: 187

Merit: 100

Quote from: IIOII on April 09, 2013, 01:05:28 PM

Quote from: Luckybit on April 09, 2013, 01:03:21 PM

Quote from: blockbet.net on April 09, 2013, 12:50:51 PM

It will stop when people will say "no, I will not pay that much for a bitcoin".

And that will never happen. We will buy mBTC and then whatever next.

1BTC 0.1BTC 0.001BTC 0.0001BTC, we will be buying all of that until we can't because we run out of money.

And after that we start trading our organs for Satoshis. Grin

And then not even that due to market flooded with organs Cheesy

MaTachi

member

Activity: 98

Merit: 10

Hack the planet!

Seriously, what happened during the last 8 hours that justifies an increase in value with 15 %? Oh, wait, stupid question. It's obviously only greedy speculators that are driving up the price to the heaven.

IIOII

legendary

Activity: 1153

Merit: 1012

Quote from: Luckybit on April 09, 2013, 01:03:21 PM

Quote from: blockbet.net on April 09, 2013, 12:50:51 PM

It will stop when people will say "no, I will not pay that much for a bitcoin".

And that will never happen. We will buy mBTC and then whatever next.

1BTC 0.1BTC 0.001BTC 0.0001BTC, we will be buying all of that until we can't because we run out of money.

And after that we start trading our organs for Satoshis. Grin

Luckybit

hero member

Activity: 714

Merit: 510

Quote from: blockbet.net on April 09, 2013, 12:50:51 PM

It will stop when people will say "no, I will not pay that much for a bitcoin".

And that will never happen. We will buy mBTC and then whatever next.

1BTC 0.1BTC 0.001BTC 0.0001BTC, we will be buying all of that until we can't because we run out of money.

Topic: $ 230! It was $ 200 about 8 hours ago. How long will this roll? (Read 2521 times)