The Rise of Bitcoin

[nexcom28]

I bought some bitcoin a few weeks ago and have tripled my potential investment if I sold today.

Should I sell?

[CurrentlySober]

What is Bitcoine?

[Dirty F]

Originally Posted by nexcom28

I bought some bitcoin a few weeks ago and have tripled my potential investment if I sold today.

Should I sell?

Because of my post?

[Supz]

Don't sell. Demand is too high, supply is too low.

[nexcom28]

Originally Posted by Dirty F

Because of my post?

I bought about a week after your post, took me that long to get my head around it.

If you posted to sell I didn't see that.

[mechanicvirus]

I read that PBBC encouraged people to hold onto bitcoins for now, I would.

[Dirty F]

No, i wouldn't sell. But that's just me.

[nexcom28]

Anyone hold physical bitcoins and how much of an additional premium do you think they are worth?

[dyna mo]

[dyna mo]

btw, i was joking with the sell sell sell, i have no idea.

anyhoo, this is crazy to me, this is goog search trends showing bitcoins have fallen off the "cycle" days ago but the price keeps going up.



that's due to the amount available for exchange v buyers right?

[BlackCrayon]

its going up at a retarded pace. almost 100 in the past 24 hours. something has to give.

[woj]

Originally Posted by dyna mo

btw, i was joking with the sell sell sell, i have no idea.

anyhoo, this is crazy to me, this is goog search trends showing bitcoins have fallen off the "cycle" days ago but the price keeps going up.



that's due to the amount available for exchange v buyers right?

there is probably 1-2 weeks delay between hearing about it (and googling it) and then "investing" in it... you can't just put in a credit card number and buy them, have to workout how it all works, do some research, fund account, wait for approval, etc... I would imagine that takes 1-2 weeks, and so that's one of the reasons why the price continues going up even though interest in bitcoins is falling...

[Helix]

I stepped out this morning and on my lawn I saw a $100.00 bill. I didn't pick it up because I thought if I left it there maybe tomorrow morning there will be two $100.00 bills.

If you have tripled your investment you might think to sell off enough to protect your principle and let the rest ride.

[nexcom28]

Maybe but I was thinking today that still only a few percent of people know about Bitcoin, the word still hasn't spread to the masses. Sure, a lot more people know but most don't.
Maybe it will continue to rise, the only things that concern me are.

1. It's getting too expensive or 'too risky' for regular joes
2. People are not spending them just saving them.

[bl4h]

ill give you your investment back if you make money from it. if you lose you pay me what you invested. you cant sell now tho

edit: o i see its dropped

[nexcom28]

Originally Posted by Helix

I stepped out this morning and on my lawn I saw a $100.00 bill. I didn't pick it up because I thought if I left it there maybe tomorrow morning there will be two $100.00 bills.

If you have tripled your investment you might think to sell off enough to protect your principle and let the rest ride.

To protect my principle I would only need to sell one BTC, the rest would be profit.

[dyna mo]

Originally Posted by woj

there is probably 1-2 weeks delay between hearing about it (and googling it) and then "investing" in it... you can't just put in a credit card number and buy them, have to workout how it all works, do some research, fund account, wait for approval, etc... I would imagine that takes 1-2 weeks, and so that's one of the reasons why the price continues going up even though, interest in bitcoins is falling...

is there is a way to forecast/anticipate when these will match up?

there's a lot of word of mouth going around about it too, that's hard to gauge, + i'd think mtgox delaying transaction increase requests impacts things too.

[dyna mo]

buckle-up, here comes wall street via vc money, i rly don't see the price stabilizing with more and more of this.

A new platform called Coinsetter is launching late in the second quarter that will be first to allow participants to trade bitcoin using borrowed money, knowing as trading on "margin," or to make bets against its value.


Coinsetter Lands $500K From SecondMarket Founder & Others To Help Bring Leverage, Shorting To Bitcoin Trade

Today, Coinsetter, a New York City-based startup looking to launch a new Forex trading platform for Bitcoin, announced today that it has raised $500,000 in seed capital. The round was led by Tribeca Venture Partners and SecondMarket founder and CEO Barry Silbert (through his Bitcoin Opportunity Fund), with participation from angel investors like Jimmy Furland, a London-based technology entrepreneur, Microsoft Head of Corporate Strategy, Charles Songhurst, and Facebook Product Lead, Ben Davenport.

http://techcrunch.com/2013/04/09/coi...bitcoin-trade/

[woj]

Originally Posted by dyna mo

is there is a way to forecast/anticipate when these will match up?

there's a lot of word of mouth going around about it too, that's hard to gauge, + i'd think mtgox delaying transaction increase requests impacts things too.

I'm not sure, there is no reason why they should necessarily match up, there are multiple factors influencing the bitcoin market, new interest (google searches) is just one of them... the fact that that is falling should be concerning for the bitcoin "investors" though...

I think google searches pretty accurately take word of mouth into account... I would think first thing a typical person would do after hearing something new (from whatever source, word of mouth, etc) would google it to find out what it is first? so if fewer people are searching it, doesn't it follow that fewer people are hearing about it? and so follows that probably fewer people will invest in it in the near future?

[dyna mo]

Originally Posted by woj

I'm not sure, there is no reason why they should necessarily match up, there are multiple factors influencing the bitcoin market, new interest (google searches) is just one of them... the fact that that is falling should be concerning for the bitcoin "investors" though...

I think google searches pretty accurately take word of mouth into account... I would think first thing a typical person would do after hearing something new (from whatever source, word of mouth, etc) would google it to find out what it is first? so if fewer people are searching it, doesn't it follow that fewer people are hearing about it? and so follows that probably fewer people will invest in it in the near future?

that's what i've been figurin will follow for ~12 days now!

[d-null]

so did you sell?

[Supz]

Originally Posted by d-null

so did you sell?

[2012]

bitcoin. to be continued ....