Topic: gheom eo g qoijknqzpmaqj .w. - page 2. (Read 1600 times)

Market manipulation?  Maybe electric companies saw a noticeable drop-off when gpu miners shut down when it was costing much more to mine than gpus could earn.  So they hire and fund a firm to get gpu miners back on the meter.

Accidental?  Someone's trading bot's algorithm is off by a decimal point causing chaos at the exchange.  It's happened more than once on wall street..

Supply < Demand?  People notice the market value trending higher so they place an order to sell at some ridiculously high asking price relative to the current market.  Then a large buy order engulfs all the sell orders and suddenly the market value soars to the formerly ridiculously high asking price.

Or one of many other reasons.

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http://www.bitcoinnews.com/

the comercial world we live in is about to start using Bitcoin, the finite amount of this will lead for further growth.

its been said befor but if 1% of all the worlds wealth went into bitcoins ..... just 1% then each B would be worth 10,000. each.

All economy is basically bubble-based nowadays.

Many of the things we purchase, we do not need them, and we purchase them for:

- enjoyment
- status display
- investment

In the third case, for an investment to be profitable you just need to suppose (correctly) that in the future your value will be in higher demand than now.

One positive aspect of bitcoin is that it cannot be produced thus the amount of bitcoins on the market basically depends just on time. Only this makes it possibly attractive to investors.

That said, as with any other inversion, and more in the case of nothing of use right out of it, it will be subject to strong variance in appreciation.

But, if you think in fiat currency, it is mostly the same. Ever heard of Argentina, Brazil, Cyprus, etc.?

G.

or all the way down to 0. but yea definitely one of those two things! one thing it certainly isnt going to do is languish around a give price for long periods of time =P

also your husband is smart, dont try to be a pro trader unless you actually are a pro trader. hint: you probably aren't

The runup in the price has not "already occurred". It's got a long way to go, though admittedly there will probably be more bubbles and crashes on the way up.

I don't think it's big money investors driving the price at this stage. It's ordinary geeks with some spare cash to invest. Now, when the big investors DO start to pile in... :-)

All I can do is post from my own experience.  We first decided to buy BTC in March.  It was right before the meteoric rise.  We got in at $48.  Then within a week it went up to $90.  My husband and I regretted not putting in more money.  We only bought about 8 BTC, unfortunately. We were just getting our feet wet.  We decided we needed to invest more.  So we bought at $90, then a very large amount at $120 and our last purchase was at about $145.  We then sat on them while the wave went up and up then crashed down.  We did not have much liquidity, or money we could risk when it crashed so we only bought a few more around $80.  That said, why did we keep buying as it went up?  Because BTC is deflationary.  It will continue to go up.  How high and how quickly is the real question and how many crashes will we have along the way?  That I don't know either.  I wanted to try and day trade but my husband thinks long term it is better to just buy and hold.  There is less risk to get burned that way.  Anyways, when it started to jump so fast we knew that we would not have the buying power to pick up as much coin later if we waited, if the prices continued to rise so we decided to go "all in" so to speak.   Maybe others feel the same way?  If BTC really is going to become mainstream we are still VERY early in this game and the prices will grow very high.

People are realizing the potential of bitcoins as a leading world currency. So they are trying to acquire as much of it as possible before it becomes mainstream. Mainstream acceptance will throw it into the tens of thousands. just imagine, 6.9 billion people sharing less coins than the population of Madagascar. Doesn't take a genius to see the potential.

I'm wondering why  fiat is still fetching so high a price.  Bitcoin is undervalued.

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