BITCON... WHY its totally FLAWED

volrathy said:
bitcoins = tulips make sure u get off the wagon at the right time
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14_silver_all_data_o_usdpng_tulips_chart.png
 
willrocks said:
New high of $482 AUD on Mt.Gox :)

Too bad for those who sold out at $2XX. Even with a healthy correction they may not be able to buy back in under $300.
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Careful! Last bloke that made a prediction like that said that you would never again be able to buy 1kg silver sub-$1000.
 
willrocks said:
That chart looks like the mother of all cup and handle formations.
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Seem to remember somebody saying something about charts using linear scale being misleading.....
 
SilverSale said:
Nice to see most silver holders still on the sidelines.

Should have a good upward move ahead of us :)
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Best to stay on the sidelines (and lose out on "massive" profits) than become fodder for the early adopters. :D
 
I can guarantee you'll start to see the same people who bought silver at the peak gravitate over to BTC in the future.
 
SilverSale said:
I can guarantee you'll start to see the same people who bought silver at the peak gravitate over to BTC in the future.
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I bought silver at like $40.

So I'm going against the grain here :cool:
 
Is anyone actually selling any BTC by the way?
Only 1 or 2. You send tonight, I'll do bank transfer tonight - obviously you won't get cash until that goes through.
 
SilverSale said:
Nice to see most silver holders still on the sidelines.

Should have a good upward move ahead of us :)
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You know a lot of the earlier adopters of bitcoin were and are also PMs holders right?
Stop acting like stackers are somehow less able to figure things out, makes you look stupid. The reality is a PM holder is more inclined to want bitcoins than anyone.
 
tozak said:
Peter Schiff says Bitcoins are "a modern day Tulip mania"

http://www.youtube.com/watch?v=0VrB1Ae3xqs
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"Pyramid sceme" - It is bullish for Bitcoin that not even Schiff understands it. Look at a long term Bitcoin chart. There are plenty of "Bitcoin bubbles". It is a young and volatile currency.

"it's in a bubble...I have no idea where the top is" - Bravo Peter, join the club.

Schiff goes on about people getting into Bitcoin later than others and getting profited from by earlier traders ..but how is this any different to buying gold or silver at prices higher than other people did a month before?. If gold is $1800, is Schiff going to advise people to stop buying gold. NO WAY. :lol:
 
SilverSale said:
roman, let me know when you buy :P
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What makes you think I like you enough to do that exactly?

I'm too smart with my money to gamble with a bubble, smart money is not the reason it's surging upwards.

I'll catch the next wave hopefully.
 
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