Topic: We're breaking $35 - new all time high (Read 3413 times)
Looks like we're heading for $50 now...
Just glad that thought occurred to me back at $34. Looks like it still wasn't too late to make a buck. 
high $40.02!!!!
wish i had more bitcoin :-(
wish i had more bitcoin :-(
Just got up and boggled at the price jump!... Then I went for breakfast the saw the price up another 50p
WTF?
WTF?
100$ / BTC before 2014 !
Remember people saying: "100$ before 2012" in June 2011.So yeah.. a rally doesnt mean the rally is gonna uphold for months.
$39.5!
100$ / BTC before 2014 !
Did proudhon make another prediction? He must have the way it smashed through 35 and blew right past 36.
I just invented a bear comforting tactic. You should draw your charts upside down, this way you can see how low USD has fallen against bitcoin, and be happy that something is going down hard. Sell all your USD until it's too late!
Now this my friend is an awesome idea to make good use of a psychological bug you might have ("turn your fear into something positive!")
huge spike to 36. Sell now or regret it later.
Oh didn't I hear the same words at $22. I guess all bears are just people who are scared of new things, new price levels being one of them scary things.
I just invented a bear comforting tactic. You should draw your charts upside down, this way you can see how low USD has fallen against bitcoin, and be happy that something is going down hard. Sell all your USD until it's too late!
Wow you're really bearish. I'm a little more optimistic. All I noticed was that the earlier 5.5K BTC ask wall at $38USD just got cut in half
huge spike to 36. Sell now or regret it later.
Chris is probably european. A lot of them dot the thousands like he did (he meant 27000 BTC).
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It's all fun and games until somebody loses an eye
Just looked it up: There's only about 27.000 BTC for sale for under 50 USD on Mt.Gox. Thats not much market depth on the ask side (1.074.909 USD) and explains the upwards pressure. Buying 2.7 million USD worth of BTC would move the price to 100 USD.
For comparison: Dumping a million USD worth of BTC on the market would just move the price down to 31.15.
Dumping 2.7 million USD would move it to 19.50.
Source: http://bitcoincharts.com/markets/mtgoxUSD_depth.html
For comparison: Dumping a million USD worth of BTC on the market would just move the price down to 31.15.
Dumping 2.7 million USD would move it to 19.50.
Source: http://bitcoincharts.com/markets/mtgoxUSD_depth.html
I am a bit confused by your use of separators here. You seem to be using a period for both the thousands separator "27.000 BTC for sale" and the decimal separator "the price down to 31.15"? Or are you saying there are only 27 btc for sale on MtGox under 50 USD, which sounds absurd to me?
It just going up and up and up. It's goofy....
I don't have a huge BTC stockpile, but BTC have been my biggest revenue stream for the past four days now.
I don't have a huge BTC stockpile, but BTC have been my biggest revenue stream for the past four days now.
The absurd amount of money I'm making from doing jack shit is making my penis flaccid.
$36
Really? This slow upward climb is getting pretty boring. We haven't had a drop in prices worth talking about in months. I joined this bitcoin thing for thrill of speculation, not the predictible steady increase in value. Can something interesting happen already?
*yaaawwwn* This boringly steady exponential growth is lulling me to sleep.
$36
Really? This slow upward climb is getting pretty boring. We haven't had a drop in prices worth talking about in months. I joined this bitcoin thing for thrill of speculation, not the predictible steady increase in value. Can something interesting happen already?
+1
Therefore I'm also waiting to catch the peak so I can sell again to get more fiat EUR in my wallet, because fiat EUR is still a more functional currency than Bitcoin at this point. (And BTW, one has to wonder what molecular is even doing in the Speculation subforum if they don't believe making more fiat money means becoming richer.)
Therefore I'm also waiting to catch the peak so I can sell again to get more fiat EUR in my wallet, because fiat EUR is still a more functional currency than Bitcoin at this point. (And BTW, one has to wonder what molecular is even doing in the Speculation subforum if they don't believe making more fiat money means becoming richer.)
Yeah I do. I just did. That doesnt make me a bear, i wouldnt be surprised if kept climbing to over $50, but a 6x increase is good enough for me to lock in some profits.
I'm sick of reading that shit. You're not locking in any profits... bitcoin is money and in the long run the USD is toilet paper. What are you going to buy when the FIAT currencies of the world hit the fan? Gold? Real estate? Shares in companies?
Does it matter?
Fact is all my bills are still denominated in euro's, my mortgage is in euro's and I can use euro to buy all of the above easily. Thats as locked in as it gets for me. Also the chance of my euro holdings devaluing by 50% or more are not quite zero, but infinitely smaller than your bitcoins losing half their value.
As for buying back in; I certainly might when I smell another a good buying opportunity. Whether thats at $10 or $100 or anywhere inbetween remains to be seen.
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