Bitcoin breaks $200

lukep said:
Buy time?
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Who the hell knows, because Bitcoin isn't backed by anything. You know, if it actually had some land, offices, resources, mineral contracts, revenue, intellectual property, employees, or something... we could probably come up with an idea of its floor.

But since it's nothing more than a bunch of computer hashes, who knows...
 


I don't feel bad for anyone selling at 100 right now. You are an idiot if you still have coins.
 
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Lol.

BTC starts at $14.

Everyone everywhere, "$14 is way overpriced. It's going to crash."

BTC creeps up to $60

Everyone everywhere, "$60 is way too expensive. It's all comin' down."

BTC creeps up past $100

Everyone everywhere, "Fuck no. Not touching it."

BTC doubles in value, creeps past $200.

Everyone everywhere, "you're an idiot if you invest."

BTC hits $250.

Everyone everywhere, "It's all coming down at any moment."

BTC dropps to $150.

Everyone everywhere, "see told you it was going to crash."

Ya'll bein stupid.
 
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It seems to be regaining ground at this point. Seems like mostly panic due to some serious lag at Mt. Gox and probably going to recover at close to $200.

WARNING: I have no fucking clue what I'm talking about.
 
grieve said:
I don't feel bad for anyone selling at 100 right now. You are an idiot if you still have coins.
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And I don't feel bad for any member of WF that bought in for >$200. They can't say they weren't warned. Hope you guys that got in more than a week or 2 ago managed to get paid and took some profits
 
windjc said:
If it tests resistance at $100-$105 and goes up from there, then you might have a good opportunity to buy.
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Oh man, it's getting hard to hold my load...

mmUXD7k.jpg


R U Sure this can't be the new floor?



dmnEPC said:
Imagine you were a merchant. That received payment @$250 and you find you just lost more than half your sale in the couple hours it took you to get the package ready for shipping.
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Why is it so hard for you and dchuck to understand this simple video we've posted for you guys on multiple threads now??

[ame=http://www.youtube.com/watch?v=QHwB5fOvyr0]Bit-Pay Merchant Solutions for the Bitcoin Currency - YouTube[/ame]

There is ZERO merchant risk unless they're just simply accepting bitcoins off their own website with no processor.
 
lukep said:
Oh man, it's getting hard to hold my load...

mmUXD7k.jpg


R U Sure this can't be the new floor?




Why is it so hard for you and dchuck to understand this simple video we've posted for you guys on multiple threads now??

Bit-Pay Merchant Solutions for the Bitcoin Currency - YouTube

There is ZERO merchant risk unless they're just simply accepting bitcoins off their own website with no processor.
Click to expand...

So the buyer takes the risk? Good luck getting any significant amount of adoption then..
 
-joe- said:
Come on Mtgox, hurry up with my ID verification....
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This might be a stupid question but how are you buying on Mtgox from the UK? I know they offer it but they don't have bank transfer yet and the other options seem strange. Would be interesting to hear how you did it.
 
lukep said:
Oh man, it's getting hard to hold my load...

mmUXD7k.jpg


R U Sure this can't be the new floor?




Why is it so hard for you and dchuck to understand this simple video we've posted for you guys on multiple threads now??

Bit-Pay Merchant Solutions for the Bitcoin Currency - YouTube

There is ZERO merchant risk unless they're just simply accepting bitcoins off their own website with no processor.
Click to expand...

Even with the 15 minute invoice expiration price guarantee that bitpay offers, today shows that you can still get fucked because of how violently the market can plummet in such a short period of time. Shit dropped $60 in like 30 minutes today.
 
It's hard to assess the situation when the candle range is $40 and you have tons of pending orders & lag.
 
Aaaaaaaaannnnd.... $201 again.

HL0b4qO.jpg


Scaredy cats. ;)


Now we're going to find out if this was a bull trap, or there never was a bubble here at all.
 
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