Paranoid Android
Elite Member
- Jun 20, 2010
- 2,864
- 4,209
Hey guys,
This is just my theory, and I might be proven wrong sooner or later. BTC is just being traded as a stock lately. Everyone is talking about it and everyone is buying it. Most of us here are buying in smaller volumes, but there are big giants who are heavily investing in it, thats what makes the $50 hike in a few days possible. At a certain level.
The rule of these giants is, pull out when everyone starts talking about it. They will pull out when they reach 100% profits maybe, but that pull out will be a downfall in the prices and I think its going to be huge.
At that time some people are going to think that the bubble has burst, and the others are going to look at it as an opportunity to buy more. Miners will stop working if their porduction costs go above the actual market value of the coins they produce. I fear it would come to a standstill.
All I am saying is go ahead and buy a few coins with money that you would otherwise waste maybe, if you get some profit out of it you're lucky, if you don't, well thats just money you would have wasted anyways. A few people I know have been investing all their savings into BTC. That really gives me a bad feeling.
Play safe guys. We never know when the bubble is going to burst. This currency is a product of no real, productive work done. You can't make money by letting your computer hashing all around the clock. A currency based on that isn't currency. This just sounds like a scheme to let the early investors pull out rich.
This is just my theory, and I might be proven wrong sooner or later. BTC is just being traded as a stock lately. Everyone is talking about it and everyone is buying it. Most of us here are buying in smaller volumes, but there are big giants who are heavily investing in it, thats what makes the $50 hike in a few days possible. At a certain level.
The rule of these giants is, pull out when everyone starts talking about it. They will pull out when they reach 100% profits maybe, but that pull out will be a downfall in the prices and I think its going to be huge.
At that time some people are going to think that the bubble has burst, and the others are going to look at it as an opportunity to buy more. Miners will stop working if their porduction costs go above the actual market value of the coins they produce. I fear it would come to a standstill.
All I am saying is go ahead and buy a few coins with money that you would otherwise waste maybe, if you get some profit out of it you're lucky, if you don't, well thats just money you would have wasted anyways. A few people I know have been investing all their savings into BTC. That really gives me a bad feeling.
Play safe guys. We never know when the bubble is going to burst. This currency is a product of no real, productive work done. You can't make money by letting your computer hashing all around the clock. A currency based on that isn't currency. This just sounds like a scheme to let the early investors pull out rich.
