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The Bitcoin Parabola Continues: Up 10% In 12 Hours, Hits $1170
Zero Hedge ^
| 28 November, 2013
| Tyler Durden
Posted on 11/28/2013 6:29:04 AM PST by Errant
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1
posted on
11/28/2013 6:29:05 AM PST
by
Errant
To: nascarnation
2
posted on
11/28/2013 6:29:45 AM PST
by
Errant
To: Errant
Yeah, no bubble potential here. It’s all in the timing on when you get in/out. Someone will make a fortune, many more will not.
3
posted on
11/28/2013 6:34:02 AM PST
by
conservaterian
(Time for a CONSERVATIVE party, but noooo, if we do that the libs will win !)
To: All
4
posted on
11/28/2013 6:34:05 AM PST
by
Errant
To: Errant
That's nothing. The US Dollar has lost about 95% of it's value in the last century. Fiat currencies do funny things.
/johnny
To: Errant
1 year chart Volume is very light compared to the last run-up in April.
Not many are actually trading at these levels.
6
posted on
11/28/2013 6:40:55 AM PST
by
ClaytonP
To: Errant
Do you have a Beanie Babies chart?
7
posted on
11/28/2013 6:40:56 AM PST
by
babble-on
To: JRandomFreeper
Yep, except these be rising. The FRN started falling from its inception.
8
posted on
11/28/2013 6:42:36 AM PST
by
Errant
To: Errant
9
posted on
11/28/2013 6:44:20 AM PST
by
Fresh Wind
(The last remnants of the Old Republic have been swept away.)
To: ClaytonP
Volume is probably related to price and hoarding now?
10
posted on
11/28/2013 6:45:11 AM PST
by
Errant
To: Errant
Bitcoin is a Scam
http://monetaryrealism.com/bitcoin-is-a-scam/
11
posted on
11/28/2013 6:45:26 AM PST
by
SVTCobra03
(You can never have enough friends, horsepower or ammunition.)
To: Errant
Googlecoin? iCoin? Obamacoin?
12
posted on
11/28/2013 6:45:34 AM PST
by
bigbob
(The best way to get a bad law repealed is to enforce it strictly. Abraham Lincoln)
To: Fresh Wind
Nope, at least not yet. I’ve heard of efforts to establish Bitcoin future contracts though. It’s how the price will then be manipulated, IMO like PMs, if it occurs.
13
posted on
11/28/2013 6:47:57 AM PST
by
Errant
To: SVTCobra03
14
posted on
11/28/2013 6:48:54 AM PST
by
Errant
To: Fresh Wind
That is a real good question.
I’d consider going short on bitcoin.
To: babble-on
Do you have a Beanie Babies chart? Yes they do right before you get to the Emu's and Enron. You cannot miss it.
16
posted on
11/28/2013 6:51:46 AM PST
by
hadaclueonce
(Because Brawndo's got electrolytes. Because Ethanol has Big Corn Lobby)
To: JRandomFreeper
17
posted on
11/28/2013 7:02:10 AM PST
by
Errant
To: SVTCobra03
All fiat currencies are a scam. Including the US Dollar.
/johnny
To: Cringing Negativism Network
I’d consider going short on bitcoin. I guessing you've never heard the term: "A trend is your friend"? :-)
19
posted on
11/28/2013 7:05:30 AM PST
by
Errant
To: Errant
The companion story, the Bitkillers on ZH is worth reading and looking at the chart; it really drives home the hypocrisy in BitCoin; the libs who love it ignore the 100 or so robber barrons who at any moment can make it crash and like the Marxist pope said, let all the “ones at the bottom suffer or miss out” (paraphrased very roughly but you get the gist).
On an aside, does anyone know how to spend BitCoins? I mean how do you use them or is it like holding a 10oz bar of gold for emergency?
Gold can’t vanish like 0’s and 1’s can for BitCoin.
20
posted on
11/28/2013 7:06:33 AM PST
by
CincyRichieRich
(“Life is hard, but it’s harder when you’re stupid.” John Wayne)
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