I'm still here - still saying it is a bubble. If you make money off it, good for you. There are 1000s of bubbles all the time, and those in late always get killed, and those who hold for "just a little longer" always get killed. I said it above and I'll say it again: the early ins and the early outs are the ones who benefit.

Anyone here a bitcoin millionaire?

was the stock market crash in 1929 a bubble?

gold is a bubble, sell sell sell!

http://static.seekingalpha.com/uploa...rom_origin.png

I'm reading old log between me and my partner who wanted to buy 50-100k of bitcoins when they were 50$ !!

kicking myself in the butt!

Market index vs. cryptocurrency? While we're doing that, is agriculture a bubble? An index is just a way to track representative securities. It has no value per se and can't be spent. To speculate on it requires an instrument. There have been numerous bubbles of individual names within all the major indexes, though. HGSI anyone?

What is funny is there are always people like you, ridiculing anyone who questions the value, saying this is a "new paradigm" etc. You'd think eventually the script would change but it seems to cleave to a standard.

I'll say it again. If bitcoin goes to 10m$ it will collapse eventually. If you make money on the way up, and are liquid, more power to you. If you "buy and hold" as you're told, you are paying some smart person's bills. Good luck.

it was a simple yes or no question. :1orglaugh:1orglaugh:1orglaugh

people like you like to point your finger and exclaim bubble when the simple fact is all financial instruments behave this way. when you get in and get out is, again, very simply, the key.

real estate's a bubble, don't get in, you'll be left holding the bag when it all collapses!

:1orglaugh:1orglaugh:1orglaugh

http://www.princeton.edu/~pkrugman/cre.png

Real estate has inherent value. And the answer to your "yes or no" question is, yes. Even within a class of assets that has inherent value, bubbles can and do occur, where demand or other factors increase the price beyond what is fundamentally justified. The asset always goes back to its inherent value at some point. Bitcoin has no value, and it will go back to zero at some point.

If you "get in and get out" at the right time, you win in any scenario. The trick is timing it correctly - not an easy thing to do. As I said, good luck.

thanks! that's exactly my point. investment carries inherent risk because all investments behave like bubbles. not for the risk adverse.

Man, those people laughing off bitcoins as an idiots investment, or tulip mania, blah blah blah, back in this 2011 thread must really feel like dumbass's LOL

I almost pity them.

We don't - or at least, I don't. I can't speak for the others. Did you predict correctly? Did you make a significant profit from your prediction?

I still say bitcoins are exactly like tulip bulbs during tulip mania, and will end up just as worthless.

I do think its awesome that GFY was actively discussing this two full years before the general public had any idea about it.

Tell us about the money you made from accurately predicting the demand for bitcoin.

Wow. So many smart people posting here. Yes, plenty of know-it-alls, but many are know somethings, so I got a lot of value out of this thread.

First, regarding the value of US and other currencies. It is backed by the credit of the US Government. Until the government collapses dollars will be a stable currency. They are still the world's standard, though that could change. Anyway, the value of dollars is not a fantasy just because they are no longer tied to the price of gold. That libertarian argument has been thoroughly debunked. Give it a rest.

Second, bitcoins are valuable because there are a limited number of them (I actually question this) and people are willing to buy them, like they buy real estate, or art, or tulips. These assets are valued exclusively by willing buyers in the market. So the more salient question is: who is buying bitcoins, and why. To me, watching from the outside, it seems to be speculators selling to speculators, who are taking outsize risks for outsized profits. If you like to gamble, seems like a better bet than Vegas, where you also have no control or way of knowing if and how you will win.

Third, there is the issue of security. If our credit cards can easily be stolen by sophisticated hackers, you can bet your ass your bitcoins are at risk, and who's going to help you? Interpol? The bank of bitcoin?

Finally, until real businesses are taking bitcoins for real items, like real estate, cars, and toasters, we're talking about funny money, valuable to other speculators, on the internet, which is part of real life, but really not.

I'm tempted, but my appetite for gambling is pretty well sated by being an entrepreneur.

I beat bitches up with my dick hose..

Choke bitches out with my dick hose..

Ho's knows not to anger my dick hose..

My dick hose has three toes..

My dick hose leaves bruises.. like sacks of oranges do's..

Blood clots form.. when my dick hose beats like bass against the side of the face..

My dick hose performed a colon examination..

I jump rope with my dick hose..

When the dick hose cracks.. the bitches step back..

When the dick hose shoots.. you better look out.. otherwise you'll catch two slugs to your pigly snout..

My dicks hose rules alternative universes.. it's name is Joquisha, and it will eat ya.


^^^saw this on Mtv Jams today :/

Deep.

1 btc = $595.02999 usd

SO is what I told you :1orglaugh:1orglaugh:1orglaugh

Its really simple, 2 scenarios:
a) bitcoin will be the money of the world
b) bitcoin will crash to nothing when speculations finish as it simply can not last forever

Are you that sure about a) ?

Apparently nobody lost any money on a 50% drop in the last week. Someone explain that to me, because you are starting to all sound like psychos in denial...

50% drop last week yes, but wasnt there a 50% increase 2 weeks before?

http://bitcoinity.org/markets/image?span=7d&size=medium



http://i1.kym-cdn.com/photos/images/...61/142/c03.jpg
http://i0.kym-cdn.com/photos/images/...81/567/bab.jpg

No one sold during a suspicious peak and then bought again when it dropped. Seems legit. :winkwink:

Its not too late to buy in now Glen.

:1orglaugh:1orglaugh:1orglaugh:1orglaugh:1orglaugh :1orglaugh:1orglaugh:1orglaugh:1orglaugh:1orglaugh :1orglaugh:1orglaugh:1orglaugh:1orglaugh:1orglaugh :1orglaugh:1orglaugh

He tries to say that not everybody did the same.
He does not try to say that no one did that.

i'd say there are a few more scenarios. nevertheless, i'm otr here stating i don't see btc being the cryptocurrency of the future. i could very well be wrong about that and that's fine. fuck, when it comes to speculatin, i'm wrong ~4 out 5. but i live in risk, love it. risk makes life worth living. :upsidedow

ok I joined in maybe im tooooo late but im doing this http://www.bitcoinplus.com/generate at the moment, if anyone that really knows bitcoin would mind helping me out please contact me via email! thanks

damn got a payout already, lol

i don't see bitcoin going anywhere but these other altcoins....at some point a number of people are going to be left holding their dick in their hands.

1 btc = $617.00000 usd

hey I have generated Total payouts generated: 19 and a lot of the view generated bit coin looks like this Amount:
0.00000002 BTC so how much did or do I have?

Buy feathercoins guys.........buy buy buy

0.00001 usd