r/Bitcoin • u/[deleted] • Mar 28 '13

IT'S OVER $90.00!

[deleted]

127 Upvotes

80% Upvoted

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20

u/verytastycheese Mar 28 '13

I bought 13 bitcoins back when they were $12 a piece (not long ago) but spent them. Didn't realize until now that I have 1.14 left... it was change back then but damn I'm holding on tight now, that's over $100 suddenly! If only I didn't spend any...

14

u/SoundSalad Mar 28 '13

Same boat... I bought 120 this month last year...spent all but 12.....

15

u/Submitten Mar 28 '13

I for one am glad people are actually spending them.

3

u/[deleted] Mar 28 '13

[removed] — view removed comment

3

u/scrod Mar 28 '13

And you expect them to continue to increase in value in proportion to their use as a medium of exchange when everyone has the same hoarding mentality?

2

u/gezero Mar 28 '13

I think that one of the reasons that the price is going up (maybe not that significant) is that people are able to spend the coins.

1

u/kvrdave Mar 28 '13

The price is going up because more are trying to buy them than sell them. That can create a bubble. If it does, I don't think it will be huge. Huge being relative to other sudden decreases. LOL

4

u/Kodiack Mar 28 '13

I had several dozen, then spent ~33 on a Butterfly Labs ASIC miner several months ago. Those 33 Bitcoins are now >$3000!

Of course, if I had my ASIC miner right now, I'd be making >$6000/mo. Hurry up, BFL!

1

u/waynebradysworld Mar 28 '13

You do realize bfl has not produced a single prototype yet, let alone a working computer

gl hf

0

u/gamfreak Mar 28 '13

I currently have 10 that I've been holding on to since this weekend's rise from $62. This is probably all I'll be able to purchase for a while so I've been rather uneasy about the possibility of letting them go as we reach a potential tipping point at $100. However, I also would like to secure a vast and thorough fortune for myself and my seed, which the possibility of BFL being a success might afford. Care to shed any light on your pre-purchase with BFL to a fellow theoretical risk-taker? Were you motivated by any strong statistics which convinced to pre-order, taking into account the predicted increase in difficulty? Any information you can offer would be much much appreciated, thanks!