Bitcoin $1000!!!

[elgreco]

[jjgold]

[cankid]

wow unreal, i know a couple that bought in at 250-300, nice work fellas, I wish I would have followed

[Parlayplayer]

Gosh it was just at 600 the other day? Unreal!

[elgreco]

Heh... they grow up so fast, don't they?

Seems like yesterday they were only $12 and I made this thread:

Using Bitcoin to Bet on Sports

[Sam Odom]

And to think... Sammy bought at $5.10 less than a year ago

http://forum.sbrforum.com/politics-economics/2068414-do-you-think-sounds-like-good-investment-strategy.html#post17094330

[Doug]

they were half a cent 4 years ago !

so they are now worth 200,000 X of that !

I don't get what backs these and why there cannot be a competitor to it. I would never buy these.

[Sam Odom]

I don't get what backs these...

Same thing that backs USA's Fiat Currency

[jjgold]

It will eventually crash

Anyone can start a virtual currency

[tto827]

It will eventually crash

Anyone can start a virtual currency

Everything eventually crashes.

Just run away with your tail tucked away JJ you've been about as wrong as possible every step of the way regarding bitcoins.

[Darkside Magick]

There is a guy who wrote a article a couple of days ago who said it will reach $10,000!!!!!

[elgreco]

Everything eventually crashes.

How true. I'll paste a quote I left on another forum:

"It will crash"

Does that mean that there are no opportunities in the meantime? With all due respect, predicting that something will ultimately fail at some point in the future isn't really that constructive if your goal is generating profit. Everything will ultimately fail "one day". History is full of enterprises that have run their course and suffered a demise due to changes in the geopolitical climate and forces in the marketplace. It doesn't mean they didn't benefit society and investors while they were running and relevant.

[Rangers901]

There is a guy who wrote a article a couple of days ago who said it will reach $10,000!!!!!

Does the guy who write the article have a vested interest? Was he paid to write the article? Questions like this must be asked.

Are they doing that so they hope people hold on too long, the big investors sell off and boom goes the dynamite?

This is unsustainable and will eventually crash, hard. Don't be too greedy, if you bought in at a miniscule amount, you've already made an insane amount off each investment.

[VegasInsider]

I have no vested interest in Bitcoins, but how long are you guys going to hold on for??

Is this the type of investment where it'll be $1,000 when you go to bed and you'll wake up to nothing?? Are there warning signs?

I'd be running for the hills if I purchased for $5 and now it's $1,000

[greenhippo]

I was asking about Litecoin a week ago when it was $6, now up to $30, if I had gotten answers then I'd have 6x my investment

[Ghenghis Kahn]

unfukking real.

i'm pissed i missed the boat at $14.

[bigboydan]

I was asking about Litecoin a week ago when it was $6, now up to $30, if I had gotten answers then I'd have 6x my investment

I hear bad things about litecoin sir. I heard the feds are now tunnel-vision targeting all 84 million because they forgot to pay their 10% royalty fee. Can you please assist me in collecting it?

[PAULYPOKER]

05-20-13 03:24 AM

Bit coin is a currency for the people by the people and can not be manipulated or controlled by monopolized forces like its enemy the Federal Central banking system......


Do you want to get rid of all the middle men and Federal governments control over your money?


Well, Bit Coin is your answer...........

You want a free world?

Well, this is it!

The best thing about Bit coin is Governments can't stop it!!

The price for 1 bit coin will be $1,000 or higher by years end.........

Bit Coin will be 1 world currency!!

[brooks85]

lol that's why anyone who gets paid in bitcoins convert it to cash right away.

[PAULYPOKER]

USD	<nobr>Mt. Gox</nobr>mtgoxUSD	1053 0 min ago	<canvas style="width: 60px" height="30"></canvas>	502.09550.91 109.73%	1,051,590.27527,987,829.87 USD	200.42914.31556 (24h)	10731073 (24h)	1040.20001	1046.00001	984.1468.86 7.00%	40,036.0939,401,105.70 USD
USD	<nobr>BitStamp</nobr>bitstampUSD	964 0 min ago	<canvas width="60" height="30" style="display: inline-block; width: 60px; height: 30px; vertical-align: top;"></canvas>	448.82515.18 114.79%	959,247.05430,528,152.93 USD	190.8863.24 (24h)	969969 (24h)	963.01	963.01	926.2337.77 4.08%	33,176.3730,728,900.02 USD
USD	<nobr>btc·e</nobr>btceUSD	939 0 min ago	<canvas width="60" height="30" style="display: inline-block; width: 60px; height: 30px; vertical-align: top;"></canvas>	471.98467.02 98.95%	749,797.40353,892,324.06 USD	181.201840 (24h)	950950 (24h)	938.344	939	884.4454.56 6.17%	23,496.0520,780,920.04 USD
USD	<nobr>LocalBitcoins</nobr>localbtcUSD	1103.9 1 min ago	<canvas width="60" height="30" style="display: inline-block; width: 60px; height: 30px; vertical-align: top;"></canvas>	396.97706.93 178.08%	18,838.567,478,432.48 USD	122.35700 (24h)	2003.42003.4 (24h)	3671.92	847.42	972.27131.63 13.54%	573.50557,593.46 USD

[elgreco]

Is this the type of investment where it'll be $1,000 when you go to bed and you'll wake up to nothing??

Yep. I wouldn't say "nothing", but a 50% haircut isn't out of the question. A 50% rise isn't either.

I'd be running for the hills if I purchased for $5 and now it's $1,000

That's the golden question VegasInsider... when do you sell? Pretend you did get in at $5... when *should* you have sold? $8? $15? $25? How about $50? Gotta sell at $50, right? You paid $5! Okay, not $50... $100? $150? $200 and you still aren't selling? Are you nuts? Then $250 comes... and $350.... and $500... then $700!!!!! $700 friggin dollars a coin!!!! You HAVE to sell!!!! No? $800? $900? $1000?!?!?!?!?!?!

It's tough man. But I do know one thing... if I never sold a single coin, my life would be completely different than it is now. Did you read the story of the dude in Norway who bought some for $27 in 2009 and forgot about them? Now he's a multimillionaire. And you know what? He's friggin lucky he forgot about them!!! Because if he didn't, he would have sold when he had enough money to buy an old volvo instead of an entire apartment building.

[thechaoz]

wow...sell sell sell

[TankHankerous]

I think it will continue to skyrocket until around december 25th when it will feel an abrupt decline into the new year because of market shift, gl to all

[jjgold]

If big online stores do not take i the currency will go to zero

[tto827]

If big online stores do not take i the currency will go to zero

Again JJ. Many international stores already do accept them... Get a clue.

[teaserpleaser]

Same thing that backs USA's Fiat Currency

hopes and dreams lol ....bottom will fall out of both as history repeats itself (look at the other fiat currencys of the past)

[Sam Odom]

The most important 'thing' backing the US Dollar is her Military Might ... Something too many people ignore and something too many want to dismantle

[jjgold]

It will go to zero