The whole crypto-currency trading scene is just ridiculous now. I'm just shaking my head wondering how it is happening - openly manipulated, money jumping into alt-currencies gambling on a boom, $$billions involved and none of cryptos have any alternate use if it all goes sploof! Madness much?
As much as I think Bitcoin will be here to stay, I can't say you're wrong. This is what happens when something is unregulated!
Due to numerous factors, we have a particular phenomena never seen before in history happening. This surely makes it too difficult for many to comprehend.
On the contrary, this phenomena has happened many times before in history. Every time the words 'this time is different' have been uttered.
This is completely different! We can trade things on computers and smartphones. Smartphones, I say! We have conquered the market cycle! This is the dawn of a new age! Get on now or miss out forever! We are looking at nothing less than perpetual prosperity and have reached a permanent plateau in asset prices! How blessed we are to live in days such as these!
How far back do you want to go ? US property - 2007 Internet stocks - 2000 Japanese property and stocks - 1988 Gold and silver - 1980 US stocks - 1929 South sea bubble tulips
The market will stay afloat for a while when you have people like below buying: http://np.reddit.com/r/Bitcoin/comments/1r88vl/need_advice_on_inheritance_arbitrage_family_etc/ This is hilarious and sad really hahhaa. Slam
Wouldn't you call that the greed phase of the investment cycle? Really sad how such people will be conned into thinking they will make more money based on pure speculation, only to see it all disappear. Again, I refuse to be one of those suckers.
Yep, I only have 1 litecoin right now. It took me 3 days to mine it back in April for kicks. If it ever gets to $100 I'll probably sell it to someone hahaha. Thats it for cryptos for me. Congratz to those that are still in the game and have profits. Slam
Duh.it is a no-brainer that various things have gone up and down and so forth. Just look at an historical silver chart or any chart!.
Guys - I hate to disappoint you - but judging from prior posts I've gotta say I think he's actually serious! :lol:
This thread is a week old... anyone looked at the original prices when it was started? BTC $467.97 USD - now over double LTC $6.56 USD - now over triple It's unnerving times.
For sure! The question is ... is this going to simply collapse in a useless heap, or are we simply on a rapid price discovery journey to the true value of USD and other fiat relative to these cryptos?
I am afraid it might actually be the greed phase. And if it is, then a huuuuuuuuuuuuge crash is going to slam all coin owners after this. BTC is close to hitting above 1,000 $ today or tomorrow... I think.
In Australian dollars it has been over $1000 most of the day... At the moment it's $1055 ! It peaked @ 1076 about midday.
