Thread: Bitcoins
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Old 04-10-2013, 10:46 PM   #133
Daradon
Has lived the dream!
 
Join Date: Apr 2004
Location: Where I lay my head is home...
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^^^ Well done!

I think you'll be good. As they are at the halfway threshold of the amount of coins, I can't really see it spiking huge again. Maybe for a day, but not for long. People are keeping them, or trading for them or to get rid of them. No one actually wants them, for them, if you know what it I mean. It's just being traded for profit now.

That's when a stock starts to crumble. No one wants bitcoins for bitcoins. They want them for their elevated value. It's all but over. If there was a bunch left, maybe it could still go up, but there isn't. I was actually going to post this yesterday.

It's like playing that currnecy game with doughnuts in JR high school. As the donuts near the halfway point of scarcity, shortly after really, price gets high as people figure out they want to stock up. They can have a few and trade the rest. But eventually the price gets too high, people with the caches don't know what to do with them. As much fun as having a doughnut in the middle of class is, it really isn't worth it.

Bitcoins are at that threshold. And the product/currency has no value outside of it's specualtion. It's not like gold which may eventually rebound of a crazy drop. Or a stock in a good company.

Like anything, getting in at the beginning is the best. Once it gets to the 50% mark, you better start liquidating.
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