Silk Road forums

Discussion => Security => Topic started by: mclovinfakes on April 13, 2013, 01:08 am

Title: For those of you in doubt of bitcoins
Post by: mclovinfakes on April 13, 2013, 01:08 am
So much coverage on Bitcoins recently. Do you guys really think it's just going to disappear just like that? Have faith in the coin!

We jumped from "This is toy money, durrr durrr." to "It makes sense to have such a money system in the digital age."

Clearnet warning!

Kevin O' Leary on bitcoins here to stay:
http://video.ca.msn.com/watch/video/volatile-bitcoin/16af1v4cr?from=en-ca-infopane&cpkey=af7d2c74-d669-46f2-a98c-56afb656b8cf%257c%257c%257c%257c

Bloomberg:
https://www.youtube.com/watch?v=6SLPy89gPE0

Fred Wilson on bitcoins:
https://www.youtube.com/watch?v=I8LU3uaQG10


Right now IMHO is the best time to buy bitcoins! It's already starting to go back up! If any naysayers want to cash out on their bitcoins, we will happily buy them off you. PM us
Title: Re: For those of you in doubt of bitcoins
Post by: mclovinfakes on April 13, 2013, 01:17 am
Forgot to mention about CNBC adding a USD/ BTC ticker. So much media coverage right now.
Title: Re: For those of you in doubt of bitcoins
Post by: astor on April 13, 2013, 01:25 am
It's not going to disappear.

Compared to a few months ago, there are...

3 times as many transactions per day: https://blockchain.info/charts/n-transactions-excluding-popular
(excluding popular addresses like Satoshi Dice)

3 times as many unique addresses being used: https://blockchain.info/charts/n-unique-addresses

Insanely higher USD trade volume: https://blockchain.info/charts/trade-volume

20,000 new accounts being created on MtGox every day compared to 2000 per day in March.

Thousands of people still waiting to be verified on MtGox.

Things can seem grim during a crash, but bitcoin is more popular than ever, and it's already bouncing back. It was trading at $130 a little while ago. That's higher than it was ever valued up until 10 days ago.
Title: Re: For those of you in doubt of bitcoins
Post by: maxieBB on April 13, 2013, 02:22 am

It won't disappear, but it will recede to pre-mania levels, $15-25 USD would be my estimate, (30-60 days)
Right now it's still a feeding frenzy, even after the bubble popped (which I predicted 5 days ago, see my posts). I believe big money speculators are manipulating the market right now. The technical indicators, MACD/STOCHASTIC suggest BTC is overbought at current levels. Just because you believe BTC should be worth a lot, doesn't mean it will be. Iv'e seen Pollyanish behaviour on these forums which amuses me, however folks will be losing their hard earned cash if they don't wise up. Hate to be a killjoy but I calls 'em like I see's'em.
Title: Re: For those of you in doubt of bitcoins
Post by: astor on April 13, 2013, 03:46 am
I can't wait to show you this post in 30 days.
Title: Re: For those of you in doubt of bitcoins
Post by: mclovinfakes on April 13, 2013, 03:51 am

It won't disappear, but it will recede to pre-mania levels, $15-25 USD would be my estimate, (30-60 days)
Right now it's still a feeding frenzy, even after the bubble popped (which I predicted 5 days ago, see my posts). I believe big money speculators are manipulating the market right now. The technical indicators, MACD/STOCHASTIC suggest BTC is overbought at current levels. Just because you believe BTC should be worth a lot, doesn't mean it will be. Iv'e seen Pollyanish behaviour on these forums which amuses me, however folks will be losing their hard earned cash if they don't wise up. Hate to be a killjoy but I calls 'em like I see's'em.

so are you selling coin? :) 

if you believe it's going to be at $15/ btc, we will make you a deal and buy your coin for $50 ;)