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Bitcoin: I am a time-traveler from the future, here to beg you to stop (2013)

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Re: Bitcoin: I am a time-traveler from the future, here to beg you to stop (2013)

#61

Post by panarky »

conmarap wrote: post #43

Do you all remember when Gold went up to ~$1850 in 2011 (about $2015 in today's money) never to reach those prices again (today's gold spot price is $1294.57)? The price did skyrocket, but what goes up must go down, especially in the financial field. Also, BTC reached the price of about $1150 in November of 2013, and then didn't get to that point until January of 2017 (If I'm reading the data on coinmarketcap correct…

> what goes up must go down

Do you all remember 2005 to 2008 when Google stock went from $42 per share to $200 per share?

Wonder what it's trading at today.

Re: Bitcoin: I am a time-traveler from the future, here to beg you to stop (2013)

#64

Post by conmarap »

panarky wrote: post #61
conmarap wrote: post #43

Do you all remember when Gold went up to ~$1850 in 2011 (about $2015 in today's money) never to reach those prices again (today's gold spot price is $1294.57)? The price did skyrocket, but what goes up must go down, especially in the financial field. Also, BTC reached the price of about $1150 in November of 2013, and then didn't get to that point until January of 2017 (If I'm reading the data on coinmarketcap correct…

> what goes up must go down Do you all remember 2005 to 2008 when Google stock went from $42 per share to $200 per share? Wonder what it's trading at today.

Amazon, as well. Generally speaking, strong stocks keep going up. "Strong" in the sense of innovation and profitability. Twitter, on the other hand, is still struggling.

Re: Bitcoin: I am a time-traveler from the future, here to beg you to stop (2013)

#65

Post by fileeditview »

cududa wrote: post #42
Yuioup wrote: post #38

The whole post is satirical, in case somebody here did not notice that.

wait you're telling me op is NOT actually a time traveller?

oh he is. just take what he says with a grain of salt..

Re: Bitcoin: I am a time-traveler from the future, here to beg you to stop (2013)

#66

Post by xtracto »

conmarap wrote: post #43

Do you all remember when Gold went up to ~$1850 in 2011 (about $2015 in today's money) never to reach those prices again (today's gold spot price is $1294.57)? The price did skyrocket, but what goes up must go down, especially in the financial field. Also, BTC reached the price of about $1150 in November of 2013, and then didn't get to that point until January of 2017 (If I'm reading the data on coinmarketcap correct…

There is a school of though in economics that believes that in the current ~20 years economy, there is a recession every 7 years (roughly 2008, 2001, 1994).

This school of thought thinks that a recession right now is due and some people think that it is already cooking. I think the value of cryptos (BTC, BCH, ETH, etc) will be pushed up when these recessions happen.

The value of Gold went up in 2011 due to several factors. EU instability because of Greece was part of that. There was also some USA instability that caused some further grow in Gold price (I don't recall precisely which came first, US or Greece issues).

Re: Bitcoin: I am a time-traveler from the future, here to beg you to stop (2013)

#67

Post by xtracto »

dEnigma wrote: post #10
alexmorenodev wrote: post #7

Will bitcoin worths $100.000 on 2019? I mean, seriously.

Well, when this was written in 2013, the numbers for 2015 and 2017 probably provoked the same response (haven't read through the Reddit thread to check it). That being said, I'm with you in doubting Bitcoin will ever be worth $100,000.

There are two ways to achieve that... either Bitcoin increases value or your "$" decreases value... I mean,

1 Bitcoin equals 10,775,501.53 South Korean Won

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