Semi-rational exuberance anyone? - page 3.

airdata

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Quote from: tomcollins on May 13, 2011, 07:29:05 AM

Quote from: meefozio on May 13, 2011, 07:00:41 AM

Every time I go to Mt Gox to see that the price has significantly risen from the previous day, I say to myself, "this is insane."

Every time I go there, I think "why does it take so long to move money into Mt Gox?"

Yeah, I was trying to buy last week and literally just made my first buy because of dwolla setup and transfer times. Wanted to buy at 8, had to buy at 11.49

Bit_Happy

legendary

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A Great Time to Start Something!

I predict this will remain an amazing story! Grin

Seb

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this is amazing. I predict $14 sometime next week

Bit_Happy

legendary

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A Great Time to Start Something!

Just went over $11.00!!! Shocked

stic.man

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you could buy and then chargeback right after receiving your coins with paypal

can't reverse BTC

airdata

hero member

Activity: 1148

Merit: 501

meh.. verified paypal vs random person on message board claiming to have digital currency.

I would assume the burden would be on the person w\ the digital currency.

Bit_Happy

legendary

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A Great Time to Start Something!

The scammers who use Paypal for fraud are the root cause of people not accepting your funds. There are ways to buy...

airdata

hero member

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I'll just use this thread to thank all of the people who refused to sell me btc last week because all i have is paypal. Thank you... The money I had to spend then would have bought 62 and now it will buy less than 50

Bit_Happy

legendary

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A Great Time to Start Something!

Hot Tip: Now place your orders to buy at ~$8.30 to $8.50, since a healthy rally will make corrections.

Bit_Happy

legendary

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A Great Time to Start Something!

Bitcoin Prices: Just Hit $10!!!

pcwizdan

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Quote from: error on May 14, 2011, 09:21:50 PM

Quote from: pcwizdan on May 14, 2011, 09:18:34 PM

It's weird, because I started mining when it was $3 a coin, and that was so recently...

Hope this means a solid $7.5/btc for the weeks to come, right guys?

Time to buy, while they're cheap. Cheesy

Or not, me and a buddy are farming to build up some money for a rig that isn't wasteful on power or our wallet to start up. So can't get into trading just yet :/
But when we do. we'll get the spray paint out and label each box specifically "Hookers" or "Blow" so that we know exactly where we should put the money when it comes time to invest.

error

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Quote from: pcwizdan on May 14, 2011, 09:18:34 PM

It's weird, because I started mining when it was $3 a coin, and that was so recently...

Hope this means a solid $7.5/btc for the weeks to come, right guys?

Time to buy, while they're cheap. Cheesy

pcwizdan

newbie

Activity: 6

Merit: 0

It's weird, because I started mining when it was $3 a coin, and that was so recently...

Hope this means a solid $7.5/btc for the weeks to come, right guys?

Justsomeforumuser

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Quote

If you're a trader or investor for whom 50k or 100k is play money, how many bitcoins would you buy after first hearing about it?

Considering that said traders/investors would have gotten there by being smart, my guess is 0$. Grin

(We have zero liquidity for a $100k cash-out)

Quote

only 6,000,000+ bitcoins, and plenty of individuals out there wanting them.

I've yet to figure out why they do.
But glod bless their charitable souls of giving me money for having my PC on.

I'm so bringing the pop-corn for when this all does pop.

Firmly hope that the "true believers" will outnumber the supply for quite a while longer though, would love to have some more months of third-party paid-for electricity (anything roughly over 2$ makes for a zero-sum game of free PC time while it lasts).
Shame that we have a coin amount ceiling, but the closer we get, the more frenzy might work it's way in...ho-humm..should be fun to watch.

xf2_org

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Quote from: thisisharsh on May 13, 2011, 07:28:00 AM

How sustainable is this though? Are there any analyses out there about this crazy rise in bitcoin value?

Nobody knows -- or can know -- until after the fact.

The price rise is attributable to a large increase in the number of people hearing about bitcoin for the first time, and wanting to get ahold of a few bitbucks. If you're a trader or investor for whom 50k or 100k is play money, how many bitcoins would you buy after first hearing about it?

It is entirely possible that bitcoin value will rocket up -- and then stick at the new level, simply because that is the new equilibrium where supply has matched demand.

Or value might plummet right back down. I don't think it will fall back to $1.

There are only 6,000,000+ bitcoins, and plenty of individuals out there wanting them. Constrained supply == high price.

mewantsbitcoins

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