Just woke up and BTC is OVER $134!!?? - page 3.

wopwop

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Activity: 252

Merit: 250

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

Grouver (BtcBalance)

hero member

Activity: 530

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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.

Le Happy Merchant

hero member

Activity: 634

Merit: 500

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 like this, and therefore I like you. If you had an address I would tip you.

dg2010

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Activity: 462

Merit: 250

Mod just moved topic into the Speculation forum.

Case closed?

EndTheFed321

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Activity: 577

Merit: 500

Yes, desired_username Free money will Free us all Grin

desired_username

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Activity: 886

Merit: 1013

Quote from: dg2010 on April 03, 2013, 03:02:29 AM

Quote from: wopwop on April 03, 2013, 02:55:00 AM

you dont understand the word growth my friend

people put their money, enforcing this growth

Thank you for highlighting how utterly uninformed you are.

Yes, people are pumping money into Bitcoin for the simple reason that they hope to cash out at a higher price = speculation.

That is not sustainable, that is basically a Ponzi Pyramid scheme.

The only way Bitcoin can be successful is if there is REAL trade going on. That is, people are buying goods and services with their bitcoins, and unfortunately that market is still relatively small in comparison to the recent price jumps. Yes that market is growing and yes the value of Bitcoins is going to grow, just not at this ridiculous rate.

Transferring or *keeping* money without ridiculous fees (and without a big brother)....do I need to say more? ;-)

I consider 1 aspect which is a real threat to this economy: a fundamental technical fault in the protocol. This what you good people need to keep an eye on.

WE NEED FREE MONEY!

willphase

hero member

Activity: 767

Merit: 500

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

pumawolf

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Activity: 968

Merit: 250

hopefully the price rise is just alot of company startin to get into the mix, western union is supposdely gonna get in the action.

wopwop

sr. member

Activity: 252

Merit: 250

Quote from: dg2010 on April 03, 2013, 03:02:29 AM

Quote from: wopwop on April 03, 2013, 02:55:00 AM

you dont understand the word growth my friend

people put their money, enforcing this growth

Thank you for highlighting how utterly uninformed you are.

Yes, people are pumping money into Bitcoin for the simple reason that they hope to cash out at a higher price = speculation.

That is not sustainable, that is basically a Ponzi Pyramid scheme.

The only way Bitcoin can be successful is if there is REAL trade going on. That is, people are buying goods and services with their bitcoins, and unfortunately that market is still relatively small in comparison to the recent price jumps. Yes that market is growing and yes the value of Bitcoins is going to grow, just not at this ridiculous rate.

sorry but in a ponzi/pyramid scheme there is a promised value increase, bitcoin does not promise, it's purely based on real growth of usage

don't be sad you dont own bitcoins in this runup like all of us who are now millionaires

dg2010

sr. member

Activity: 462

Merit: 250

Quote from: wopwop on April 03, 2013, 02:55:00 AM

you dont understand the word growth my friend

people put their money, enforcing this growth

Thank you for highlighting how utterly uninformed you are.

Yes, people are pumping money into Bitcoin for the simple reason that they hope to cash out at a higher price = speculation.

That is not sustainable, that is basically a Ponzi Pyramid scheme.

The only way Bitcoin can be successful is if there is REAL trade going on. That is, people are buying goods and services with their bitcoins, and unfortunately that market is still relatively small in comparison to the recent price jumps. Yes that market is growing and yes the value of Bitcoins is going to grow, just not at this ridiculous rate.

pumawolf

sr. member

Activity: 968

Merit: 250

Quote from: desired_username on April 03, 2013, 03:00:11 AM

I have happy mornings since I've started with BTC (mining and long positions).

All hail BTC Cheesy

Bubble? I would say pushing the world towards balance ;-)

agreed, now we get to have a say in this nutty world they have turned it into. peace my bitcoin brethren

desired_username

hero member

Activity: 886

Merit: 1013

I have happy mornings since I've started with BTC (mining and long positions).

All hail BTC Cheesy

Bubble? I would say pushing the world towards balance ;-)

pumawolf

sr. member

Activity: 968

Merit: 250

147 now it only been like a hour since this post started

Mosper

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Quote from: dg2010 on April 03, 2013, 02:52:52 AM

Quote from: wopwop on April 03, 2013, 02:47:27 AM

Bitcoin is the new future money of the REAL WORLD but you are just too blind to see it

It may well be, that doesn't explain why the price has gone from $10-$130 in a few months. That sort of growth is clearly speculative and therefore unsustainable and at some point there will be a correction.

You can believe in the future of bitcoin without sticking your head in the sand, which unfortunately seems to be the standard response for many people here.

If bitcoin is going to grow and be successful it will have to be based upon actual value and real growth, not simply speculation.

At least someone here knows what they're talking about.

wopwop

sr. member

Activity: 252

Merit: 250

Quote from: pumawolf on April 03, 2013, 02:55:34 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.

it doesnt feel like btc is a bubble, it feels like this is the way money is suppose to be. and more and more people are agreeing this works.

yes the price reflects the people using it in the real world (bitcoin = real world) it totally makes sense to most people here but bears seems to be just that, bears

pumawolf

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Activity: 968

Merit: 250

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.

it doesnt feel like btc is a bubble, it feels like this is the way money is suppose to be. and more and more people are agreeing this works.

wopwop

sr. member

Activity: 252

Merit: 250

Quote from: dg2010 on April 03, 2013, 02:52:52 AM

Quote from: wopwop on April 03, 2013, 02:47:27 AM

Bitcoin is the new future money of the REAL WORLD but you are just too blind to see it

It may well be, that doesn't explain why the price has gone from $10-$130 in a few months. That sort of growth is clearly speculative and therefore unsustainable and at some point there will be a correction.

You can believe in the future of bitcoin without sticking your head in the sand, which unfortunately seems to be the standard response for many people here.

If bitcoin is going to grow and be successful it will have to be based upon actual value and real growth, not simply speculation.

speculation or not, the price shows real growth (its going higher = growth)

you dont understand the word growth my friend

people put their money, enforcing this growth

dg2010

sr. member

Activity: 462

Merit: 250

Quote from: wopwop on April 03, 2013, 02:47:27 AM

Bitcoin is the new future money of the REAL WORLD but you are just too blind to see it

It may well be, that doesn't explain why the price has gone from $10-$130 in a few months. That sort of growth is clearly speculative and therefore unsustainable and at some point there will be a correction.

You can believe in the future of bitcoin without sticking your head in the sand, which unfortunately seems to be the standard response for many people here.

If bitcoin is going to grow and be successful it will have to be based upon actual value and real growth, not simply speculation.

wopwop

sr. member

Activity: 252

Merit: 250

Quote from: dg2010 on April 03, 2013, 02:39:27 AM

Quote from: WinVery.com on April 03, 2013, 02:09:38 AM

A proper USD valuation is all.

You really are living in a fantasy land. This valuation is not based on real trade, real volumes, it's based upon speculation. As such the value of the bitcoin is not being properly represented.

This IS a bubble. I just hope everyone doesn't try sell at once.

Dude you don't know what you are talking about

Bitcoin is the new future money of the REAL WORLD but you are just too blind to see it

Check yourself, look at the price, you think the price doesn't reflect what people are thinking? They know this is the future

dg2010

sr. member

Activity: 462

Merit: 250

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.

Topic: Just woke up and BTC is OVER $134!!?? - page 3. (Read 5724 times)