Last price:$54.74000 High:$55.00000
Last price:$54.74000 High:$55.00000
Last price:$57.00001 High:$62.00000
Last price:$61.99000 High:$63.78700
Last price:$62.50146 High:$63.78700
Last price:$64.88900 High:$64.99980
never saw something appreciate in value so quickly in my life.
It absolutely amazes me that anyone would pay $65 for a unit that was basically invented by some guy in Japan on his computer. I can just see him drinking some beers with his buddies, laughing saying "See I told you mutherfuckers this shit was going to work"
I remember 2 years ago saying that 10$ per coin was expensive. Maybe I'm a tight ass
Russian mob manipulation for sure.
It is rapidly rising because it's an unknown entity and many have seen the previous rise over the past few months.
Some probably believe that, if they get in now in the low $60s, it will end up at $200 or $300 and they will make bank.
I think Matt the Rat brought up a great point last night that $100 might be a psychological barrier that might cause the whole thing to crash -- that many might sell at $100 and then the price will go tumbling down.
The price is rising because more people are being turned on to it, simple as that. Supply and demand. More people are learning about it because of increased media coverage and large websites adopting it as a payment option.
A similar thing happened about 2 years ago when a few major magazines wrote about bitcoin. The result was an enormous spike, shortly followed by a huge crash. This looks like the same thing, just more gradual.
WHAT THE FUCK ARE YOU TALKING ABOUT?Originally Posted by SrslySirius
This BITCOIN you have a hard on for was invented by some computer programmer in Japan. It's backed by absolutely NOTHING. What do you NOT understand about this? Some guy developed a computer currency way back way in 2009 and a bunch of fucking suckers believe in it because they either have no jobs or are trying to do some shady shit.
Definitely seems like this latest push is pure speculation though. People see how it went from 12>40 and want to get in on it. Bubble going to burst at some point
I don't have a hard-on for bitcoin. I never made any claims about the legitimacy or long-term viability of bitcoin. It's always a false dichotomy with you.
I just explained why I believe the price has been going up. More people have learned about it and more people are buying. When supply is limited and demand increases, prices go up. The same would happen with magic beans. You know this.
Ok then, I thought you had some kind of interest if Bit Coins. My bad if that was not the case.I don't have a hard-on for bitcoin. I never made any claims about the legitimacy or long-term viability of bitcoin. It's always a false dichotomy with you.
I just explained why I believe the price has been going up. More people have learned about it and more people are buying. When supply is limited and demand increases, prices go up. The same would happen with magic beans. You know this.
I know your buddy is Micon though. You may want to tell him there were a few payment processors made an example of, and the Feds are not stupid and they get the fact online poker is illegal and bitcoin is basically laundering.
Is there any method of shorting bit coins?
I would assume not other than just not buying any being the most +EV move
Sure, I have an interest in it. I'm by no means a proponent or fanboy. I just like to watch and see what happens with it. I'm skeptical that it's all going to crash and burn the way you and Druff say, but I don't care enough to put any money into it. Nor am I confident enough in that belief.Ok then, I thought you had some kind of interest if Bit Coins. My bad if that was not the case.
I know your buddy is Micon though. You may want to tell him there were a few payment processors made an example of, and the Feds are not stupid and they get the fact online poker is illegal and bitcoin is basically laundering.
I very much doubt there's anything I could say to Micon that would dissuade him from working on SWC.
Last price:$64.73002 High:$66.00000
That said, I do have about 3 BTC that I bought on the cheap a long time ago, and I'm thinking I should probably cash them shits out soon.
There are currently 1 users browsing this thread. (0 members and 1 guests)
Reply With Quote