The end of the year is a great time to squirrel money away into an untraceable store such as bitcoin...taxes and all that jazz...I wouldn't be surprised if some of this climb isn't people burning/laundering their under the table funds.
Topic: $5 for the New Year (Read 1473 times)
I'm guessing there's no depth because all the miners holding BTC right now are thinking, "Gosh, how far will people push the bubble this time? I guess I'll stop selling for now and see if anyone is crazy enough to value these Bitcoin at more than $10!" As soon as things start trending down, watch how fast the sells pile up. And no, I'm not short right now (got liquidated on that back at $4.31 a week or two back). But, I'll hold my 10 BTC that I mined and see if I can get more for them, as long as others are willing to part with something they can use for real goods and services (USD) in order to buy something that can only be used once it's converted back into fiat. 
Or you could open your eyes and spend your BTC with merchants... I've spent over 100btc on various goods.
I'm guessing there's no depth because all the miners holding BTC right now are thinking, "Gosh, how far will people push the bubble this time? I guess I'll stop selling for now and see if anyone is crazy enough to value these Bitcoin at more than $10!" As soon as things start trending down, watch how fast the sells pile up. And no, I'm not short right now (got liquidated on that back at $4.31 a week or two back). But, I'll hold my 10 BTC that I mined and see if I can get more for them, as long as others are willing to part with something they can use for real goods and services (USD) in order to buy something that can only be used once it's converted back into fiat.
Or you could open your eyes and spend your BTC with merchants... I've spent over 100btc on various goods.
I'm guessing there's no depth because all the miners holding BTC right now are thinking, "Gosh, how far will people push the bubble this time? I guess I'll stop selling for now and see if anyone is crazy enough to value these Bitcoin at more than $10!" As soon as things start trending down, watch how fast the sells pile up. And no, I'm not short right now (got liquidated on that back at $4.31 a week or two back). But, I'll hold my 10 BTC that I mined and see if I can get more for them, as long as others are willing to part with something they can use for real goods and services (USD) in order to buy something that can only be used once it's converted back into fiat.
6$ here we come!
There's no depth beyond $5, you're right! 40k to $5.9, let's do this.
6$ here we come!
$4.98, here we come!
10k to $4.98. Let's do this!
Let's do this! Prove proudhon wrong!
Some kind soul needs to use his $100k to get us there though. Anyone who does this will profit immensely, because it'll cause a giant short squeeze and there's almost no depth up there. Any takers? cypherdoc?
Some kind soul needs to use his $100k to get us there though. Anyone who does this will profit immensely, because it'll cause a giant short squeeze and there's almost no depth up there. Any takers? cypherdoc?
Down, boy, down!
I'm all-in and Bitcoinica currently won't let me buy more on leverage :p But please make this happen people 
Make it so!
Let's do this! Prove proudhon wrong!
Some kind soul needs to use his $100k to get us there though. Anyone who does this will profit immensely, because it'll cause a giant short squeeze and there's almost no depth up there. Any takers? cypherdoc?
Some kind soul needs to use his $100k to get us there though. Anyone who does this will profit immensely, because it'll cause a giant short squeeze and there's almost no depth up there. Any takers? cypherdoc?
Yes or No?
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