Bitcoin hits $100
- Thread starter lcver
- Start date
not sure if you can. But you will get ass raped. Its going to keep going up for at least another week maybe 2. Its all about timimg
Borrow bitcoin from someone, convert right now into $. At end of term, buy original bitcoins + interest with $.
O'rely
I have zero clue on the timing. But I can 100% guarantee that anyone that comes into this at this stage and buys now, will see the value of BTC be significantly less than it is today.
And those people that buy at the peak always want out when the prices come down. And at that point they will have lost money. In the coming weeks to months I can guarantee you will hear guys crying about how they lost money in BTC.
EDIT: Very Short term BTC will continue to increase due to the criminal bankers (why you could get raped for shorting right now, if you could ) being under the spotlight. Once the media stops focusing on them is when the freefall starts
Putting aside politics and centralized banking etc... And without getting into the good or bad of bitcoin at all it's looking like a bubble.
Just look at how many people on WF suddenly want in...
The value may continue to rise but we're almost certainly going to see some profit taking before then.
The story about the Bitcoin ATM in Cyprus looks like it was just a publicity stunt: Bogus Cyprus ATM Story - Business Insider
Not that it will never happen, but there are no bitcoin ATM's in Cyprus or anywhere else for that matter.
Not that it will never happen, but there are no bitcoin ATM's in Cyprus or anywhere else for that matter.
My brother is talking about a retail establishment (not an ATM) that sells BTC & LTC.
Its going to be a long way down.
I always like to remind people that even risk free interest compounded over a suffiencly long period will have a parabolic chart. 95% of the time what seems like a bubble isn't. also bitcoins are a pain in the ass to sell in large volume, unlike stocks, and this is probably helping to prop the price.
$200 soon..then 500..etc
There no limits to these coins until they have all been mined and owning a coin is the same as owning a fancy car, diamond or some other exclusive, rare status symbol.
Fair points but there is no intrinsic value in a bitcoin, you can make a ring from gold or drive your Ferrari around but the only value a bitcoin holds is what the next guy will buy it for / exchange for it.
It's difficult, specially based on the noise, to believe that there isn't a large number of people speculating on bitcoin in order to make a future profit rather than use it as a medium of exchange. The best way to pick bubbles is follow the noobs.
Bitcoins being difficult to sell in volume could also add to massive price drops if the herd gets nervous and panic sells for what ever they can get.
It's not Gold remember.
Also, tell me more about this risk free interest.
The day I can pay strippers with BitCoin or maybe say, transfer it to someone and then have a suitcase filled with dollars/euro/yen sent to me, then I will be interested. Until then, I don't want to fuck around with ILIQUID assets.
Why is it hard to sell large amounts of BTC? Can you not transfer to Mt Gox and sell there.
I got a small amount a few days ago from a WF member to actually buy stuff, my mind was full of fuck when my real transaction actually went through, paid for by BTC! I've been reading the technical details since, I can see why people are hooked on this idea. I can't get any work done since, it's just so interesting.
I got a small amount a few days ago from a WF member to actually buy stuff, my mind was full of fuck when my real transaction actually went through, paid for by BTC! I've been reading the technical details since, I can see why people are hooked on this idea. I can't get any work done since, it's just so interesting.