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Bitcoin exchange rate reached $100 USD per BTC

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Re: Bitcoin exchange rate reached $100 USD per BTC

#6
post #3

I hope that people who got in last year or earlier this year are starting to sell some of their bitcoins, at least enough to cover the cost basis. I wouldn't be surprised to see a very sharp fall soon.

Unless these people have invested extra money they can afford to lose for the reasons to save them from inflation and confiscation. Then they still have enough cash to pay the bills, so why should they get back to fiat?

E.g. I myself and many of people I know are not going to sell a single Bitcoin unless any sort of personal or global disaster. And many of them are going to spend their BTC over time to avoid interaction with banking system as much as possible.

Re: Bitcoin exchange rate reached $100 USD per BTC

#7
This feels kinda like a pump and dump to me. I don't mind articles/projects/sites that make use of bitcoins. But the frequency of posts on how much each bitcoin is worth feels like pennystocks/etc on an investing forum. People trying to get more people to buy in. To drive it up. So they can get out while it's high.
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