Well and the MtGox volume last Friday was roughly half a million. USD.
On the other hand, given how much effort is going into promoting bitcoins I wouldn't be surprised if some folks are just trading them with themselves in order to pump up the numbers.
Anyway, if people have gone from "ehh, I'll stick twenty bucks in just to see what happens" to "I'm gonna buy eighty-one thousand dollars worth of these things!" then it confirms my suspicion that the world is about to run out of bigger fools to sell 'em to.
100,000 might as well be 20 bucks to a fund manager who has some high-risk fun-money set aside, or to some dot-com billionaire who thinks the crypto aspects are neat.
I really hope this is the case with the insanely large buys, and it's not someone mortgaging their home.
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Are people actually buying tens of thousands of dollars worth of bitcoins?
http://www.bitcoinmonitor.com/ -- red dots.
Well and the MtGox volume last Friday was roughly half a million. USD.
Well and the MtGox volume last Friday was roughly half a million. USD.
On the other hand, given how much effort is going into promoting bitcoins I wouldn't be surprised if some folks are just trading them with themselves in order to pump up the numbers.
Anyway, if people have gone from "ehh, I'll stick twenty bucks in just to see what happens" to "I'm gonna buy eighty-one thousand dollars worth of these things!" then it confirms my suspicion that the world is about to run out of bigger fools to sell 'em to.
100,000 might as well be 20 bucks to a fund manager who has some high-risk fun-money set aside, or to some dot-com billionaire who thinks the crypto aspects are neat.
I really hope this is the case with the insanely large buys, and it's not someone mortgaging their home.
This event happened almost a year ago, when the value of said coins was closer to $900.
http://forum.bitcoin.org/index.php?topic=782.0
Oh. Well, that's not so bad then.
The lost coins went from $900 to $81,000 in value. So yes, it is just as bad, and makes your comment about simply "waiting" look a bit silly.
The same could be said of the valuation and time scales of any Ponzi scheme, so this comment isn't as witty as you think it is.