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ruski

full member

Activity: 350

Merit: 100

Quote from: UltimateReaper on April 25, 2013, 01:50:08 AM

The reason I'm afraid to buy back right now and not on a dip is how overwhelmingly positive and optimistic everyone is at the moment.

Clearly this cannot be a good sign.

You must not be reading the same forum as I, there's plenty of naysayers. Mostly of the "I WANT TO BUY LOWER" variety.

DoomDumas

legendary

Activity: 1002

Merit: 1000

Bitcoin

Quote from: ruski on April 25, 2013, 01:46:20 AM

Quote from: DoomDumas on April 25, 2013, 01:44:31 AM

With argentina and china people rushing to BTC, (Hyperinflation in Argentina, Q-Coin person to person trading stopped by chineese govt, and soon after, Chineese every-day folks discovering BTC..statement in my signature ![/u]

Aren't every day chinese people still discovering production lines and agriculture?

I mean that Chineese tends to be gamblers, and gamers, they have more guts than most other culture, and they are very intensive at what they do.. After all, from wich country came the fisrt commercially availlable ASIC miner.. They are very efficient at what they do, diligent worker and passionate poeples.. and now, they seem to have a growing interest about BTC... Watch out

UltimateReaper

newbie

Activity: 56

Merit: 0

The reason I'm afraid to buy back right now and not on a dip is how overwhelmingly positive and optimistic everyone is at the moment.

Clearly this cannot be a good sign.

DoomDumas

legendary

Activity: 1002

Merit: 1000

Bitcoin

Nice Sig Rampion :
The block size is an intentionally limited economic resource, just like the 21,000,000-bitcoin limit. Changing that vastly degrades the economics surrounding bitcoin, creating many negative incentives. Jeff Garzik
I tend to agree with this Garzik quote.. Very toughtfull !

ruski

full member

Activity: 350

Merit: 100

Quote from: DoomDumas on April 25, 2013, 01:44:31 AM

With argentina and china people rushing to BTC, (Hyperinflation in Argentina, Q-Coin person to person trading stopped by chineese govt, and soon after, Chineese every-day folks discovering BTC..statement in my signature ![/u]

Aren't every day chinese people still discovering production lines and agriculture?

DoomDumas

legendary

Activity: 1002

Merit: 1000

Bitcoin

With argentina and china people rushing to BTC, (Hyperinflation in Argentina, Q-Coin person to person trading stopped by chineese govt, and soon after, Chineese every-day folks discovering BTC..

EUR not fixed at all, then europe still going BTC at faster rate..

Soon american will understand that, in fact, they are (economicaly speaking) much more fucked up than Europe, and will ruch the remains to BTC too.

TradeHill and CoinLab+Silicon Valey Bank giving acess to BIG Pocket to invest in BTC via funds..

MtGox fiat money inputs (In-Out) constantly growing (+14M U$ / day),

Volume of exchanges that are well over year moving average,
MtGox's volume share begins to split among competition.

Mass media attention that BTC got last weeks, now more than 1% world population are aware of BTC and start acting accordingly.

Many things comming up, Western Union/MoneyGram, PayPal, others..

Watch out for BTC priced at more than 1k U$ before 12 month from now..

Put you money where your mouth is, like me !
Agree or not, bet on the statement in my signature !

Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: Manticore on April 24, 2013, 09:15:12 AM

Quote from: arepo on April 24, 2013, 07:42:59 AM

we're going to fly right past 'normal' and overcorrect back into misery again. we've probably already departed from sustainable prices, at this rate.

Exactly.

Press releases, hoarding, and, Mt Gox (who IMO does everything they can to 'cool down' any natural sell-off then blames it on dark forces because Bitcoin apparently never goes down unless there is a nefarious scheme), will produce bubble after bubble until people finally lose interest.

There is no normal. If any of you really love Bitcoin, you don't want it to go up like this day after day......

THIS +1000

arepo

sr. member

Activity: 448

Merit: 250

this statement is false

this may be true, but if so the time scale is quite large and so there is a large risk of the model breaking down due to complications (rise of another crypto, federal action, protocol exploit). if anything perturbs the bitcoin ecosystem, it will not look like this. if infrastructure scales properly and everything else goes right, this could be the decade-view.

jubalix

legendary

Activity: 2618

Merit: 1022

Quote from: ruski on April 24, 2013, 06:21:39 AM

Since everybody is so fond of this picture on downturns.

nope.jpg

institutional investors have not even touched BTC nor would they at this point

Manticore

member

Activity: 70

Merit: 10

Quote from: notme on April 24, 2013, 09:23:04 AM

Quote from: NikolaTesla on April 24, 2013, 06:33:14 AM

The first sell of was in 2011 and teh big one was two weeks ago so obviously we're at return to normal.
This shit is going to fall hard within the next few days. Bitcoin hangs from the thread that is mt. gox. If anything at all bad happens to them, the whole market is fucked.

All the local people contacting me to buy bitcoins seem to think differently. And this is rural West Virginia, where 98% of people are still stuck 30 years in the past. MtGox isn't that important.

That's even scarier and more consistent with a bubble.

notme

legendary

Activity: 1904

Merit: 1002

Quote from: NikolaTesla on April 24, 2013, 06:33:14 AM

The first sell of was in 2011 and teh big one was two weeks ago so obviously we're at return to normal.
This shit is going to fall hard within the next few days. Bitcoin hangs from the thread that is mt. gox. If anything at all bad happens to them, the whole market is fucked.

All the local people contacting me to buy bitcoins seem to think differently. And this is rural West Virginia, where 98% of people are still stuck 30 years in the past. MtGox isn't that important.

ruski

full member

Activity: 350

Merit: 100

Quote from: naphto on April 24, 2013, 09:18:59 AM

Quote from: Manticore on April 24, 2013, 09:15:12 AM

If any of you really love Bitcoin, you don't want it to go up like this day after day......

Nobody cares about bitcoins. People just want to make some profits (in usd).

I like mine in AUD!

naphto

sr. member

Activity: 392

Merit: 250

Quote from: Manticore on April 24, 2013, 09:15:12 AM

If any of you really love Bitcoin, you don't want it to go up like this day after day......

Nobody cares about bitcoins. People just want to make some profits (in usd).

Manticore

member

Activity: 70

Merit: 10

Quote from: arepo on April 24, 2013, 07:42:59 AM

we're going to fly right past 'normal' and overcorrect back into misery again. we've probably already departed from sustainable prices, at this rate.

Exactly.

Press releases, hoarding, and, Mt Gox (who IMO does everything they can to 'cool down' any natural sell-off then blames it on dark forces because Bitcoin apparently never goes down unless there is a nefarious scheme), will produce bubble after bubble until people finally lose interest.

There is no normal. If any of you really love Bitcoin, you don't want it to go up like this day after day......

Manticore

member

Activity: 70

Merit: 10

Quote from: ruski on April 24, 2013, 06:54:20 AM

I was talking with my manager today about Bitcoin. This is a man that trades commodity futures at 75-100x leverage. And he thinks I'm insane.
Only the most extremely high risk pools will be investing here yet, IMO.

Yes.

Mouser

newbie

Activity: 56

Merit: 0

Put a start point at about $2 two years ago. Put a second point on today's date at about $139.

Draw a simple line beginning at two years ago, including today's point, and extending several years into the future. Though only linear and an approximation, that rough line indicates the gradual incremental growth of BTC wrt USD now and in the near future. Up to 266 or down to 50.25 and everything in between is the result of day traders needing rises and falls to inspire trades where they can earn money.

The demand for BTC is still 50 times the supply. IMO that is one of the fundamental reasons BTC is appreciating along with a gradual increase of companies accepting BTC as payment.

In several years one BTC will be worth over 2,000 USD using gradual incremental increase. That doesn't deny the possibility of spikes to 4,000 USD per coin in bubble(s).

just1nmc

sr. member

Activity: 280

Merit: 250

Quote from: oda.krell on April 24, 2013, 08:21:20 AM

Quote from: arepo on April 24, 2013, 07:42:59 AM

we're going to fly right past 'normal' and overcorrect back into misery again. we've probably already departed from sustainable prices, at this rate.

+1.

While I think the development of the past week is starting to prove the permabears ("We're going back to 20!!!") wrong, I'm now afraid we're *overshooting* the target again.

Moderation, people. Moderation.

I agree for right now, but I could see the fundamentals behind the price catching up over the next couple months if it doesn't overshoot too far.

The crash has not seemed to deter new merchants from accepting; if anything the rate has increased this week. There are also several new exchanges being worked on, and the ATMs are not far off.

oda.krell

legendary

Activity: 1470

Merit: 1007

Quote from: arepo on April 24, 2013, 07:42:59 AM

we're going to fly right past 'normal' and overcorrect back into misery again. we've probably already departed from sustainable prices, at this rate.

+1.

While I think the development of the past week is starting to prove the permabears ("We're going back to 20!!!") wrong, I'm now afraid we're *overshooting* the target again.

Moderation, people. Moderation.

XXthetimeisnowXX

sr. member

Activity: 252

Merit: 250