No sane market goes from $5 to $1,100 in two years. This things going to take a MAJOR haircut soon.
That said - I think bitcoin may stick around for a while. My own personal perspective is I'd rather own an Oz of Gold then 1 Bitcoin.
No sane market goes from $5 to $1,100 in two years. This things going to take a MAJOR haircut soon.
That said - I think bitcoin may stick around for a while. My own personal perspective is I'd rather own an Oz of Gold then 1 Bitcoin.
http://finance.yahoo.com/blogs/daily...175818638.html
Hurry!! Everyone get your bitcoins now!!
It's a major bubble. Put it this way, even the most ardent bitcoin proponents are shocked at their current value, so when the people who advocate them find them overpriced (they may not say it but they know it internally) it's going to come crashing down.
And as someone else stated earlier, the worth of a currency is largely based on its stability, right now bitcoins are trading like stocks, not currency
I write things about poker at my Poker Blog and elsewhere on the Internets
It's turned into a pyramid/ponzi scheme.Originally Posted by Steve-O
People are making fortunes right now. Some computer nerds who were into bitcoins and hoarded them Micon-style will be millionaires.
And some millionaires who jump in at the right time are going to go donkdown.
Bitcoin may be a bubble, but so what. If you own them, the value is going up. If you have a few and you had them early via SWC chips or just invested last year as a gamble, its like a winning scratch ticket. I can't see these going to zero in the short term. The price is rising on low volume, but I also see the hype going up, so I think in the short term, bitcoin is BULLISH. I would also count on a sell off that could knock the price down significantly should some entity sell off more than the demand to buy since the price fluctuates so easily. When will that happen? Who knows!
Bitcoin is a gamble that could potentially pay off big dividends. Its true that there is a possibility that bitcoin could crash to being worthless, but thats the gamble you take.
Micon didnt hoard them. Big misconception here. Dude was at fucking Stratosphere micro tourney this month. He is still the the broke ass we always knew except seals is paying the rent now instead of nwp.It's turned into a pyramid/ponzi scheme.
People are making fortunes right now. Some computer nerds who were into bitcoins and hoarded them Micon-style will be millionaires.
And some millionaires who jump in at the right time are going to go donkdown.
This poor bastard just been on our news after binning his laptop that had around $6m worth bitcoins on em.
Has to be tons of stories similar to this around the world.
http://news.sky.com/story/1175103/bi...away-4m-laptop
Not sure I could carry on me.
Also worth mentioning is LTC went from like 4-7 dollars up to 42 dollars.
Ya know I was just thinking, while I believe micons still broke, I do think he and that freemoney guy are sitting on like a million or more $ in btc belonging to seals players. if those 2 decide they have enough they can just skip the country & steal it.
Well to be fair I dont think Micon is a big enough asshole to do that, but nobody knows who the other dude is, so I can totally see him skipping town & fucking Micon & everyone else. Food for thought!
and nobody suspected Howie L. and Jesus Ferguson either because they were so rich why would they steal or even tdomski ruining his rep for a lousy 15k besides it's not worth stealing a million nowadays, it doesn't got that far today but micon might raid dormant accounts
Micon HAS to be sitting on some serious bitcoin right now.
You think he couldn't save like a 100 of them from when they were so cheap? Come on now. He wasn't that fucking broke.
He could easily be a millionaire right now.
lol at micon sitting on anything for any length of time
u seriously think that after following his life on nwp & dd all these years? if he were a millionaire he would be back at the aria in the big mix game there instead of playing shit tourneys at the ratosphere.
Last:$1,150.01001 High:$1,224.59998
Current Monex Spot Gold $ 1,245.00 Upward change 6.00
LOL, yeah....
I have had Issues with credit cards in Europe
Better question is where is Rawwolf? The guy bought like a thousand of these things at like 5 bucks. Pretty sure he cashed out at 50k$-75k but would be interesting to see how much he held on to.
If you believe that but he was a huge bullshitter.
True but when they talked about it on radio it seemed pretty legitimate.If you believe that but he was a huge bullshitter.
I'm perfectly willing to admit that BTC may be around for a while and it may very well go up in value from here (but not in a straight line). That said if you just so happen to have 500-1000 BTC from back in the day still kicking around then you are a helmet wearing drooling retard for not selling 90% of your stash this very second.
500 BTC would have cost you between $1,500 and $3,000 near the start. Today they are worth $625,000. Three grand gets you a house in the greater Boston Area or a house on the water in South Florida with some cash left over for a BMW.
I dont know Micon from a hole in the wall, but if he really has as many coins as some speculate and doesn't have somewhere around $1M in USD in the bank (or some number at least equal to what his current worth is in BTC) then God help him. You dont blow chances like this.
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