Just woke up and BTC is OVER $134!!?? - page 2.

wopwop

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Activity: 252

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Quote from: ?? on ??

Quote from: wopwop on April 03, 2013, 04:37:52 AM

companies can see their profits grow tenfold in months if the allow bitcoins

Your posts are becoming increasingly annoying, I might get to add a second user to my ignore list soon. Of course, by acknowledging your presence I have failed, as now you have gained the attention you seek. Sigh.

i dont understand

Cluster2k

legendary

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We hit the irrational exhuberence stage. Good time to cash in profits and wait for a lower price.

wopwop

sr. member

Activity: 252

Merit: 250

companies can see their profits grow tenfold in months if the allow bitcoins

Grouver (BtcBalance)

hero member

Activity: 530

Merit: 500

Quote from: Crazy on April 03, 2013, 04:32:50 AM

You joined a few days ago wopwop and all you do is spam the forum with speculative garbage to cover your position. Give it a rest.

Oh sorry I forgot, you're a professional value trader.

He doesnt get my point.
Ofcourse I want Bitcoin to grow.
Just not this fast since it scares companies away.
You and me know now this is a bubble which will pop anytime soon.
No company is gonna risk there montly profit for that.

Crazy

full member

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You joined a few days ago wopwop and all you do is spam the forum with speculative garbage to cover your position. Give it a rest.

Oh sorry I forgot, you're a professional value trader.

wopwop

sr. member

Activity: 252

Merit: 250

Quote from: Grouver (BtcBalance) on April 03, 2013, 04:27:39 AM

So now the value of a bitcoin plummets with about 20 dollars per bitcoin
x 600 (see example) = 12000 dollar.
Good stories about growth and all but do you really think comapnies are gonna switch over to Bitcoin if they can lose these amounts of money in a one hour?
Forget about it.

noob bear

desired_username

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Activity: 886

Merit: 1013

Quote from: Grouver (BtcBalance) on April 03, 2013, 04:27:39 AM

So now the value of a bitcoin plummets with about 20 dollars per bitcoin
x 600 (see example) = 12000 dollar.
Good stories about growth and all but do you really think comapnies are gonna switch over to Bitcoin if they can lose these amounts of money in a one hour?
Forget about it.

They do not need to switch completely. They can exchange it for fiat within an hour. They can offer the old payment methods in the same time.

Grouver (BtcBalance)

hero member

Activity: 530

Merit: 500

So now the value of a bitcoin plummets with about 20 dollars per bitcoin
x 600 (see example) = 12000 dollar.
Good stories about growth and all but do you really think comapnies are gonna switch over to Bitcoin if they can lose these amounts of money in a one hour?
Forget about it.

wopwop

sr. member

Activity: 252

Merit: 250

Quote from: Mageant on April 03, 2013, 04:19:01 AM

Quote from: carborundum on April 03, 2013, 03:51:05 AM

Quote from: dg2010 on April 03, 2013, 02:47:14 AM

Quote from: pumawolf on April 03, 2013, 02:41:30 AM

how long does bubbles usually last outside of bitcoin, in wallstreet or what not.

No point looking outside of Bitcoin because the dynamics are different. But bubbles usually take many years to mature, and in most cases it's not seen as a bubble because real economic trade continues and masks the nature of the bubble.

Bitcoin bubble is like 1000% in a few months, and no equivalent uptick in trade? How do you explain that one? You can't.

Bubble usually burst when the man in the street is buying

We're not even close to the situation where the "street man" is buying. 99% of people I know personally are not buying Bitcoins.

I agree

Institutional money phase is starting causing huge rise to a sustainable fundamental price

Mageant

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Quote from: carborundum on April 03, 2013, 03:51:05 AM

Quote from: dg2010 on April 03, 2013, 02:47:14 AM

Quote from: pumawolf on April 03, 2013, 02:41:30 AM

how long does bubbles usually last outside of bitcoin, in wallstreet or what not.

No point looking outside of Bitcoin because the dynamics are different. But bubbles usually take many years to mature, and in most cases it's not seen as a bubble because real economic trade continues and masks the nature of the bubble.

Bitcoin bubble is like 1000% in a few months, and no equivalent uptick in trade? How do you explain that one? You can't.

Bubble usually burst when the man in the street is buying

We're not even close to the situation where the "street man" is buying. 99% of people I know personally are not buying Bitcoins.

desired_username

hero member

Activity: 886

Merit: 1013

Quote from: Grouver (BtcBalance) on April 03, 2013, 03:58:44 AM

Quote from: wopwop on April 03, 2013, 03:30:58 AM

Quote from: Grouver (BtcBalance) on April 03, 2013, 03:28:05 AM

I don't like the price rising.
It makes Bitcoin unuseable right now.
Why buy a product of $100 for 1 BTC if I can buy it tommorow for 0.5 BTC?
Pure speculation... this is.

you are clearly not a professional value trader like most of us here

adapt to the future my friend, it is here and it is coming with bitcoins

No, thats right iam a programmer.
I don't understand what you mean btw.
Isn't Bitcoin the new currency everybody should use?
But now its not useable cause of the bizarre fluctuation right?
You tell me wich company wants to take the following risk:

1) They sell 2 cars.
2) Earn 600 Bitcoins
3) Next day the value plummets from $100 to $50.
4) See your day profit vaporize.

Companys simply can't take that risk right now so are not adopting it on a large scale.
Bitcoin needs to become stable and grow steady. Not like now. It's not good for Bitcoin.

It's not fluctuation, but growth, there weren't any significant downward movements for months.

Companies could easily adapt to BTC even with fluctuations (I do run a business accepting BTC). You can always convert BTC to fiat anytime you choose.

An other interesting aspect:
The fiat in my country have been suppressed by EU manipulators by a margin of 25% recently. basically it affected a lot of businesses dependent on imports. Now that is a problem.

Grouver (BtcBalance)

hero member

Activity: 530

Merit: 500

Quote from: wopwop on April 03, 2013, 03:30:58 AM

Quote from: Grouver (BtcBalance) on April 03, 2013, 03:28:05 AM

I don't like the price rising.
It makes Bitcoin unuseable right now.
Why buy a product of $100 for 1 BTC if I can buy it tommorow for 0.5 BTC?
Pure speculation... this is.

you are clearly not a professional value trader like most of us here

adapt to the future my friend, it is here and it is coming with bitcoins

No, thats right iam not a 'professional value trader' whatever that is. I am a programmer.
I don't understand what you mean btw.
Isn't Bitcoin the new currency everybody should use?
But now its not useable cause of the bizarre fluctuation right?
You tell me wich company wants to take the following risk:

1) They sell 2 cars.
2) Earn 600 Bitcoins
3) Next day the value plummets from $100 to $50.
4) See your day profit vaporize.

Companys simply can't take that risk right now so are not adopting it on a large scale.
Bitcoin needs to become stable and grow slowly to that $900 value your talking about.
But not like this. It's not good for Bitcoin.

Le Happy Merchant

hero member

Activity: 634

Merit: 500

Quote from: Grouver (BtcBalance) on April 03, 2013, 03:28:05 AM

Why buy a product of $100 for 1 BTC if I can buy it tommorow for 0.5 BTC?

Because you can buy 1 BTC today for the price of 0.5 BTC tomorrow.

When you need to buy through BTC do it fast enough and it won't matter.

desired_username

hero member

Activity: 886

Merit: 1013

Quote from: carborundum on April 03, 2013, 03:51:05 AM

Quote from: dg2010 on April 03, 2013, 02:47:14 AM

Quote from: pumawolf on April 03, 2013, 02:41:30 AM

how long does bubbles usually last outside of bitcoin, in wallstreet or what not.

No point looking outside of Bitcoin because the dynamics are different. But bubbles usually take many years to mature, and in most cases it's not seen as a bubble because real economic trade continues and masks the nature of the bubble.

Bitcoin bubble is like 1000% in a few months, and no equivalent uptick in trade? How do you explain that one? You can't.

Bubble usually burst when the man in the street is buying

"men in the street" started this

Amitabh S

legendary

Activity: 1001

Merit: 1005

Even a bubble at this price is safe Grin

carborundum

newbie

Activity: 57

Merit: 0

Quote from: dg2010 on April 03, 2013, 02:47:14 AM

Quote from: pumawolf on April 03, 2013, 02:41:30 AM

how long does bubbles usually last outside of bitcoin, in wallstreet or what not.

No point looking outside of Bitcoin because the dynamics are different. But bubbles usually take many years to mature, and in most cases it's not seen as a bubble because real economic trade continues and masks the nature of the bubble.

Bitcoin bubble is like 1000% in a few months, and no equivalent uptick in trade? How do you explain that one? You can't.

Bubble usually burst when the man in the street is buying

dg2010

sr. member

Activity: 462

Merit: 250

Quote from: wopwop on April 03, 2013, 03:30:58 AM

you are clearly not a professional value trader like most of us here

adapt to the future my friend, it is here and it is coming with bitcoins
[/quote]

Professional value trader? ROFL. Please stop talking.

carborundum

newbie

Activity: 57

Merit: 0

Quote from: pumawolf on April 03, 2013, 02:11:04 AM

i just went from broke to poor all in the same day, if it rises anymore i can eat at in n out instead of mcdonalds.

I can relate to that. I went from pocket money to motorbike in one day. If only... IF ONLY..... ***IF ONLY***

zedicus

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CryptoTalk.Org - Get Paid for every Post!

sleeping is now banned!

Must get fancy acupuncture and concentrate daniel son!

desired_username

hero member

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Quote from: willphase on April 03, 2013, 03:09:39 AM

Quote from: carborundum on April 03, 2013, 02:02:28 AM

WTF is going on? This has to be a bubble??

[just woke up too, and saw the price] - big believer in bitcoin, long term holder of bitcoin, and I really have to agree. I expect a correction down to 100, maybe below. This is very much a bubble. I'm not selling, because I think long term it will rise back again, but equally I'm not going to be shocked when it drops like a stone pretty soon, all part of the eventual growth of bitcoin - it's just too soon for prices like this. It's not good for bitcoin because it encourages hoarding rather than spending - we need more stability than this.

Will

Stability will come after wider adoption. As it has been said before, BTC have a long road to go. If it will be a success then this price is embarrassingly low (consider the market cap)

Wider adoption means more and more companies accepting it, in analogy, a better infrastructure.

Topic: Just woke up and BTC is OVER $134!!?? - page 2. (Read 5724 times)