Bitcoin thread anyone?

Quote from Pekelo:

Do you use logarithmic chart with stocks too? Because pets.com was never in bubble territory either if you look its logarithmic chart...
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Does pets.com business model rival what the implications of BTC are? People keep using the word bubble, well bubble based on what? I say it with a smile on my face because I have seen BTC drop 50% in hours, so anyway...
 
Quote from Algo_Design_Kid:

Does pets.com business model rival what the implications of BTC are?
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Yes, it had also no intrinsic value whatsoever. :)

People keep using the word bubble, well bubble based on what?

Chart pattern. Once it goes parabolic, it is a mania. Look at the posted oil chart and how much it dropped...
 
Quote from Pekelo:

Yes, it had also no intrinsic value whatsoever. :)

People keep using the word bubble, well bubble based on what?

Chart pattern. Once it goes parabolic, it is a mania. Look at the posted oil chart and how much it dropped...
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There is nothing parabolic about BTC rise.
 
Quote from achilles28:

How should i go about it?
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Well, if you like to risk your money:

http://www.butterflylabs.com/

They are taking orders for the rig, but delivery is 6+ months (they haven't delivered any, AFAIK), and there is a chance that they will rip you off or by the time you get it, it is not economical....
 
Quote from Algo_Design_Kid:

There is nothing parabolic about BTC rise.
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WTF??? Up 200% in 3 weeks??? 450% in 7 weeks? I just posted 2 charts, BTC and historical oil, they are exactly the same, and oil crashed down to $40...
 
Quote from Pekelo:

WTF??? Up 200% in 3 weeks??? 450% in 7 weeks? I just posted 2 charts, BTC and historical oil, they are exactly the same, and oil crashed down to $40...
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Be that as it may, there is nothing parabolic about its historical returns up till this very moment. If BTC hits 250-400 USD each within a couple weeks, then I will be the first one on the bandwagon.
 
Max Kieser thinks Bitcoin will capture 1-10% of all forex trades. ~100,000 USD per Bitcoin.

Great interview.

<iframe width="560" height="315" src="http://www.youtube.com/embed/wmfLTKRphxU" frameborder="0" allowfullscreen></iframe>
 
Quote from Algo_Design_Kid:

Be that as it may, there is nothing parabolic about its historical returns up till this very moment.
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Dude, seriously, give it up. It went parabolic in the last few days/weeks. Who cares it was a flat line in 2011??? Look up what parabolic means then look at the chart then be a man and acknowledge that you were wrong. End of story...

Don't believe me, believe in the experts:

"Bitcoin goes parabolic: The perfect bubble?"

http://www.marketwatch.com/story/bi...perfect-bubble-2013-04-03?link=MW_latest_news
 
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