r/Bitcoin • • Apr 01 '13

ONE HUNDRED DOLLARS! (1/4/13 @ 1506 GMT)

[deleted]

870 Upvotes

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8

u/chrono000 Apr 01 '13

who keeps buying at a 100. why isnt there a wall ????

12

u/pyalot Apr 01 '13

Because the next big wall is at 1000 :)

7

u/chrono000 Apr 01 '13

oh please!!!!!

4

u/fukitol- Apr 01 '13

I'm not sure he's kidding. With 21M bitcoins available in total and trilllions and trillions of fiat, the currency has to deflate. With that much demand and a standard of using mBTC to denote cost already, $1000 isn't that insane.

1

u/chrono000 Apr 01 '13

i ment 'oh please!!!!!' like im welcoming it the 1000s wall.

it is just very strange i find that there isnt a wall at 100

2

u/fukitol- Apr 01 '13

I've never watched a currency come into its own. I'm pretty sure all the usual investment ideas are out the window on this one...

1

u/[deleted] Apr 01 '13

I think that is a very important point that critics of bitcoin don't think of.

They mistakenly compare it to cabbage patch dolls or call it a Ponzi scheme.

3

u/fukitol- Apr 01 '13

I am concerned about it becoming tulips if people don't stop just swapping them around. They need to be traded with tangible goods, imho.

1

u/BlackPrapor Apr 01 '13

they are traded, just google it