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Old 03-29-2013, 10:01 AM  
mayabong
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Join Date: Jan 2010
Posts: 1,952
Quote:
Originally Posted by pornmasta View Post
- Let's buy some cyprus bitcoins (i'll sell them at a good price to the cyprus population, the cyprus gvt pissed me of, they can lol :anarchyincyprusnya: )
- Since i bought the bitcoins at 500% of the price, it affects the bitcoin's value and now the bitcoins worthes much more. This is basically a bubble. So what i need to do is to resell my bitcoins at even more that i bought them.
- Let's find some stupid american or japanese, with a lot of real money. I'll tell them, that they are buying "hacker money". It sounds hype and cool.
- Resell these bitcoins to them.

The chart of the bitcoin will eventually crash (if you analyze the chart, you'll see that this is a typical bubble)... but it's function of the amount of money that people have to launder. So while people are ready to buy some at the full price because they need to move money out of europe, bitcoins will stay at a high level.
Bitcoin has other uses other than investment, lots of people buy bitcoins without the intent of ever cashing theirs out, like myself.
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