22 votes

Update: Does anyone see concerns with this chart?

Now imagine "leverage!"
http://www.zerohedge.com/news/2013-04-10/bitcoin-parabola-no...

http://www.zerohedge.com/sites/default/files/images/user3303...

Update: The platform will allow leverage (via margin) and the ability to short the market. We can only imagine the hour-by-hour margin changes. Furthermore, Coinsetter intends to offer accredited investors (because wealth equals smarts, right) the ability to earn interest on Bitcoins.
http://www.zerohedge.com/news/2013-04-10/bitcoin-parabola-no...

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If by intrinsic value, you

If by intrinsic value, you mean value that cannot be stripped away, gold's value can be stripped away.

Bitcoin chart or Gold chart?

This is what the chart for gold is going to look like as soon as the sh*! hits the fan and the dollar collapses.

A government big enough to provide you with everything you need is powerful enough to take everything away (from you).

CHART - Inflation Adjusted Gold Price (1970-2011)

http://dailybail.com/home/chart-inflation-adjusted-gold-pric...

"Give a man a gun, and he could rob a bank. Give a man a bank, and he could rob the world."

Bubble, Bubble, I see a double,

Smile a tubble, a heart I trouble.

I wouldn't be surprised if the Banksters themselves are 'investing' in BitCoins to drive up prices, scheming themselves for a pump & dump, when all said and done.

Since it's unclear, or if anyone even really knows who Satoshi Nakamoto is (Alex Jones had Max Keiser on recently and playfully accused Max of being Satoshi...uncharacteristically, Keiser was driven to silence, could be nothing, but who the hell knows if AJ maybe right on that. lol):


http://youtu.be/wmfLTKRphxU

but from some cursory observation, it does not seem like it's a creation of the banksters; I tend to agree with those who posit that BitCoins were organically invented by a bunch of libertarian leaning crypto-anarchists.

That said, if the Banksters would openly rig LIBOR rates, manipulate gold and silver...er...and every other market known to man, why WOULDN'T they drive up BitCoins markets, to position themselves for a wicked short?

Mike Adams certainly thinks so, too.


http://youtu.be/suyOUiInQwA

Predictions in due Time...
http://www.youtube.com/watch?v=zGDisyWkIBM

"Let it not be said that no one cared, that no one objected once it's realized that our liberties and wealth are in jeopardy." - Dr. Ronald Ernest Paul

It's worrying to look at.

Especially since we don't see the "value" of FRNs plummeting at the same rate as the climbing price of Bitcoin (even though the "value" of FRNs are forever being printed into oblivion). It's a rise of over 1000% in the last quarter. Not even the price of gold or silver has risen that quickly, not since Silver Thursday.

Of course, it could be lauded as being the ingenious design of the BitCoin itself. If so, sellers of BitCoin could well be laughing their way to the exchange. But as long as long as none of us are providing a good enough explanation for the boom in price, this should be a cause for concern. Is it really just a natural exponential growth, or is it a bubble?

I believe in the freedom to be what we choose to be.

But in saying all of my concerns,

If it does turn to NOT be a bubble, then let it be a blow to the FED.

I believe in the freedom to be what we choose to be.

Looks like a string...

...attached to a balloon...that's about to pop.

░░░░░░███████ ]▄▄▄▄▄▄▄▄
▂▄▅█████████▅▄▃▂ ☻/
Il███████████████████]. /▌
◥⊙▲⊙▲⊙▲⊙▲⊙▲⊙▲⊙◤.. / \

I don't like seeing that kind of rise.

I don't know much about bitcoin, but when I see something like that in the financial market I've got to wonder if it's being set up for a fall.

.....uh

what goes up. must come down.

It's Federal Reserve

It's Federal Reserve Corporation money driving up the price. Time to steal Fed money and take profits. The price should have been controlled by BitStocks.

lol

It looks like the historical frn money supply chart, http://www.peakprosperity.com/files/u4/Exp_Money_Exponential... ,
but opposite.

“When a well-packaged web of lies has been sold gradually to the masses over generations, the truth will seem utterly preposterous and its speaker a raving lunatic.” – Dresden James

Darn you to heck!

I was gonna say that!

:)

"Damn the pandas, full steam ahead"

-Admiral David Farragut

=P

In my exert(by no means am I one) opinion it is one of 2 things:

1) a manufactured bubble

or

2) people are starting to flee from paper.

“When a well-packaged web of lies has been sold gradually to the masses over generations, the truth will seem utterly preposterous and its speaker a raving lunatic.” – Dresden James

I'm trying to understand what

I'm trying to understand what kind of reason would be needed for Bitcoin to lose value. The current value is in its features as a currency that rivals other currencies for a few reasons. For it to burst, I think something would have to happen to hurt those features. And there's still a lot of upside potential. It was fluctuating still last year, not gaining much, but that was while it was still hard for the average Joe to find anything he wants in bitcoins. Now the market is being solidified and more stores are taking them.

Another Bubble

about to burst...

When Fascism goes to sleep, it checks under the bed for Ron Paul!