Silk Road forums
Discussion => Security => Topic started by: mclovinfakes on April 13, 2013, 01:08 am
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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
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Forgot to mention about CNBC adding a USD/ BTC ticker. So much media coverage right now.
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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.
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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.
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I can't wait to show you this post in 30 days.
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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 ;)