Quote:
Originally Posted by Love Sex
I was thinking about BTC value yesterday and was going buy $100 fun but they dont accept paypal. In theory the value has room to go up. The guy who paid 1=1. made a killing cause 1btc=$23us now. If I understood right at some point there is no more btc mining and they get divided to increments.
The price can still be artificially inflated like pump and dump.
BTC value = determined by free market
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I found out about it when it was like when each bitcoin was worth .0005 us dollars. I brushed it aside thinking it was like paypal. After it reached 7 - 10 bucks I bought 500 bucks worth for shits and giggles, cause I like the idea. I think the price will be harder to inflate by pump and dump once the market gets bigger but who knows. As far as this run up, I'm not sure how long it can be sustained. Its healthy for things to drop back instead of crashing like a brick.