Bitcoin breaks $200
- Thread starter schockergd
- Start date
Since bitcoins are not tied or correlated with anything then the value of bitcoins is determined by how much the next guy is willing to pay for it. The value of any currency is influenced by the utility of it and the rate of turnover, since there is not many functions for bitcoins (I.E, you can't pay your mortgage with them directly, buy food and so on) the value is now dependent on the next buyer, once the buying stops, the price will crash.
(O_o)
H̨̼̩͐̑͆̀̚&
you can pay rent
https://bitcointalk.org/index.php?topic=73712.0
from March 24, 2012.
This was a while ago. Have read about users buying cars and paying rent more and more with BTC.
http://mashable.com/2013/03/22/house-bitcoins/
When people who say a crash is coming stop saying a crash is coming and buy in.
As soon as greed changes to fear. When you see signs of the later you will have your answer
One porsche, one house listed, and a handful (i've seen three listed, with 1-5 units each) of property managers accepting bitcoin != you, me, my friends, your friends, your family, anyone we know using bitcoin for anything practical in our lives. These are simply one-offs taking advantage of the publicity mania that is bitcoin atm.
In all honesty I'm pro bitcoin to the max and logic tells me the recent jump in price just seems unnatural and unusual. I could pull out now and be a much wealthier man then I was before, but then I would just be going against my beliefs. GO BITCOIN!
high: 224.67
high: 224.67
(O_o)
H̨̼̩͐̑͆̀̚&
If that number multiplies, will you say the same thing then?
At what point will it not be mania for you?
When Google accepts it?
At what point will it not be mania for you?
When Google accepts it?
you can pay rent
https://bitcointalk.org/index.php?topic=73712.0
from March 24, 2012.
This was a while ago. Have read about users buying cars and paying rent more and more with BTC.
http://mashable.com/2013/03/22/house-bitcoins/
I read about the guy trying to sell his house for bitcoins, it was more of him trying to get attention to bitcoins and while one person accepts bitcoins for rent it's not widely accepted, I'm not saying that in 10 to 20 years that it won't be but at the moment the utility for bitcoins isn't there, the main point of holding bitcoins now is as an investment vehicle. Also what stops someone from starting a currency similar to bitcoins? Or 100 of them?
Once the mainstream media jumps on it, for example if it's on the cover of a major magazine like Time or featured on 60 minutes then its time to sell. When will that happen? I don't know maybe this week maybe next year.
Multiplies by what? I'll accept when I - and more importantly, when the non-tech population out there - can use it everywhere that we can use dollars/euros/etc and credit cards with the same ease.
Are there any laws for touting bitcoins? For instance, what would happen if someone were to do a fake press release saying a new Bitcoin ATM was being setup, Amazon now accepts Bitcoins, or some other story that would send Bitcoin demand soaring.
1. Buy Bitcoins
2. Fake Press Release
3. ????
4. Profit
5. SEC rapes you in the ass?
1. Buy Bitcoins
2. Fake Press Release
3. ????
4. Profit
5. SEC rapes you in the ass?
Just to add one more thing, about 6 years ago they said the same thing about houses. Limited supply of houses, huge demand. Home prices never go down.
There are already a million copycats, no real use for any of them besides bitcoin
Why would SEC rape you in the ass? This isn't Wall St and these aren't stock, you can freely manipulate this "market" to your little hearts content and you are most likely not gonna face any retribution.
Should have done this on April 1st and pleaded it was an April Fools piece in court