posted Tue, 04/02/2013 - 20:00
1053
Bitcoin has gone up 10x since Jan 1st, did you jump on the train?
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Gotta love economic collapse and govt bailouts.
I give it till the end of the week before it reaching 150 which would be more than 10x the amount when I posted the thread below
http://www.eroids.com/forum/general/off-topic/bitcoins-if-you-dont-know-...
Those of you I refunded in BTC should have a hefty bank these days.
How many of you actually bought in when the buying was good?
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the thing is the reason everyone trusts national currencies is the fact they trust the governments. my worry from the start was as soon as there's a little scare everyone is just going to dump their bitcoin fearing a crash and will in turn cause one. i have read all about bitcoins and to me this just seems like a temporary bubble
AnonYou bring up a good point. Trusting the govt, how many people here actually trust their govt to do the right thing by them? I sure as shit don't. With recent events in Europe I think the days of trusting the govt are behind people. Especially knowing that deep down everyone is out for their own personal interest. Cyprus is a prime example, where the filthy rich and relatives of high ranking Govt officials were able to withdraw their funds a few days prior to the announcement of the haircut, in the end causing the middle class to take the brunt. Instead of a 20% cut they're talking upwards of 60%!
That being said, you're possibly right. The current boost in bitcoin is from people investing into it and at any time these people could cash out and cause a huge dip in value. Even so, I don't think there will be enough of a dip to constitute a loss. I honestly don't see prices dropping below $75 at this point. Hell even if they dropped to $25 I still made a good profit.
Looking at it from an investors POV you have to know when to buy and when to sell. If I was an investor I would start selling soon and be very happy with the profit made but since I'm not, I'm going to hold onto my coins until I decide it's time to sell
yea i agree completely...had i bought when you first had brought them up id be happy to sell now or even as you said hold onto them because the chances of it crashing below the 15 dollars is very slim. but at this point to buy in i feel would be a huge risk because many of the people who bought in recently are just looking to make a quick profit.
and i do agree with you on no one trusting the governments. especially with all the debt that is attatched to our physical currencies
AnonI completely agree. The buy in cost is way to high. Even if it was projected to double it wouldn't be worth the risk of it possibly going the other way.
On a side note, I need to make one single avatar or something because I'm starting to confuse myself with dual accounts
LOL i enjoy watching you confuse the shit outta people. keep both accounts
AnonLooks like I was wrong, instead of it hitting at the end of the week, it hit by morning less than 12hrs later
Wish I would've done this.
I bought in around 25 and bought a bunch of gear when it was right above 50. Not bad at all lol but obv if i held on a little bit longer i could have another 2x the amount of gear.