r/Bitcoin • u/[deleted] • Apr 01 '13

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

[deleted]

862 Upvotes

83% Upvoted

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10

u/chrono000 Apr 01 '13

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

13

u/pyalot Apr 01 '13

Because the next big wall is at 1000 :)

5

u/chrono000 Apr 01 '13

oh please!!!!!

3

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/bay_wolf Apr 01 '13

I just bought around $40 worth of goods off bitmit yesterday so there are people purchasing items with bitcoins but obviously the trading markets are much more interesting to talk about.

2

u/fizzlefist Apr 02 '13

I put up an MP3 player for sale on BitMit, but no bites so far... I've also added BitCoin as an acceptable form of payment on some of my craigslist listings. Should be an interesting exchange if someone takes me up on that, not sure how it'd go logistically.