Author

Topic: Demand Above $195 = 20,000 BTC, Supply below $250 = 5,000 BTC; (Read 972 times)

full member
Activity: 126
Merit: 100
It's not too expensive. Buy mBTC.

My money is stuck in bloody real estate, if anybody in Russia wants to buy a flat for bitcoins I'm keen lol
hero member
Activity: 714
Merit: 510
It's not too expensive. Buy mBTC.
full member
Activity: 126
Merit: 100
Yes, basically the price will skyrocket up to 10billion per coin because there's absolutely no real value backing this (and no economy to support it) so essentially anyone buying into bitcoin past the $13 mark is just giving their money to hoarders for a chance to use a coin.

HAHA damn it feels good to have gone all in at $2. $13, screw $13, lol.   Cheesy Grin

congrats Tongue when are you cashing out? $1,000? or holding all the way?

Yes, basically the price will skyrocket up to 10billion per coin because there's absolutely no real value backing this (and no economy to support it) so essentially anyone buying into bitcoin past the $13 mark is just giving their money to hoarders for a chance to use a coin.

Yeah, I'm taking it with a grain of salt and seeing any money I've put in as costs of education. Very interesting what's happening. There's always something to learn from everything in life!

I'm all about risk, all risk, all reward, I'm aiming for beyond $1000, all the way. But I will sell if it corrects/crashes/whatever in order to buy back at the bottom. So I'll never catch the top, but somewhere below is just fine by me.



Yeah, if it ever goes to the bottom it will be a favour to everyone who understands the true value of bitcoin; i'd buy all the way back up to the top. Unfortunately right now it's too expensive for me to keep buying Tongue
legendary
Activity: 840
Merit: 1000
Yes, basically the price will skyrocket up to 10billion per coin because there's absolutely no real value backing this (and no economy to support it) so essentially anyone buying into bitcoin past the $13 mark is just giving their money to hoarders for a chance to use a coin.

HAHA damn it feels good to have gone all in at $2. $13, screw $13, lol.   Cheesy Grin

congrats Tongue when are you cashing out? $1,000? or holding all the way?

Yes, basically the price will skyrocket up to 10billion per coin because there's absolutely no real value backing this (and no economy to support it) so essentially anyone buying into bitcoin past the $13 mark is just giving their money to hoarders for a chance to use a coin.

Yeah, I'm taking it with a grain of salt and seeing any money I've put in as costs of education. Very interesting what's happening. There's always something to learn from everything in life!

I'm all about risk, all risk, all reward, I'm aiming for beyond $1000, all the way. But I will sell if it corrects/crashes/whatever in order to buy back at the bottom. So I'll never catch the top, but somewhere below is just fine by me.

full member
Activity: 126
Merit: 100
Yes, basically the price will skyrocket up to 10billion per coin because there's absolutely no real value backing this (and no economy to support it) so essentially anyone buying into bitcoin past the $13 mark is just giving their money to hoarders for a chance to use a coin.

HAHA damn it feels good to have gone all in at $2. $13, screw $13, lol.   Cheesy Grin

congrats Tongue when are you cashing out? $1,000? or holding all the way?

Yes, basically the price will skyrocket up to 10billion per coin because there's absolutely no real value backing this (and no economy to support it) so essentially anyone buying into bitcoin past the $13 mark is just giving their money to hoarders for a chance to use a coin.

Yeah, I'm taking it with a grain of salt and seeing any money I've put in as costs of education. Very interesting what's happening. There's always something to learn from everything in life!
legendary
Activity: 840
Merit: 1000
Yes, basically the price will skyrocket up to 10billion per coin because there's absolutely no real value backing this (and no economy to support it) so essentially anyone buying into bitcoin past the $13 mark is just giving their money to hoarders for a chance to use a coin.

HAHA damn it feels good to have gone all in at $2. $13, screw $13, lol.   Cheesy Grin
full member
Activity: 182
Merit: 100
Yes, basically the price will skyrocket up to 10billion per coin because there's absolutely no real value backing this (and no economy to support it) so essentially anyone buying into bitcoin past the $13 mark is just giving their money to hoarders for a chance to use a coin.
full member
Activity: 126
Merit: 100
So if demand is so much higher than supply (due to hoarders), technically the price should skyrocket to $250 and above, am I wrong?

http://bitcoincharts.com/markets/mtgoxUSD.html

Of course, this is if nobody with 20,000+ bitcoins on their own (or a few collectivelly), decide to panic sell.

Thoughts?
Jump to: