Bitcoin

Why I'm Not Ready To Sell My Bitcoins

forbes.com 14 Feb '13, 8pm

Bitcoin

Earlier today, the price of Bitcoins rose above $27 for the first time since 2011. That represents a doubling of the $13.50 price of Bitcoins at the start of 2013, which in turn, was nearly triple the $4.75 value of Bitcoins at the start of 2012. Of course, $27 is not an all-time record price for Bitcoins. The record-high price of just under $32 was reached on June 8, 2011. The price then crashed, falling to a low of $2 in November of 2011. By the end of 2011, almost everyone regarded the peak of $32 as a crazy bubble, and the subsequent decline as a restoration of sanity. Including me: in August 2011 I predicted that the Bitcoin economy would gradually deflate until it had dwindled away to nothing. Obviously I was wrong. By January 2012, prices had risen again from $2 to about $7. That price increase persuaded me that Bitcoin wasn’t a fad after all. The fact that people w...

Full article: http://www.forbes.com/sites/timothylee/2013/02/14/why-i-d...

Tweets

@BitcoinOz » 09 Mar '13, 9am
Why I Don't Think Bitcoin's Big Price Rise Is Another Bubble: You can't buy stock in Bitcoin, Inc, bu... [link] #bitcoin
@BryanRusch » 20 Feb '13, 1am
Yeah. I doubled my Bitcoin value in six months. Not bad! How high will it go? [link]
@abueesp » 19 Feb '13, 7am
RT @jmiehau: @abueesp at Forbes! [link] #Bitcoin
@jmiehau » 19 Feb '13, 12am
@abueesp at Forbes! [link] #Bitcoin
@2William » 19 Feb '13, 12am
Why #Bitcoin may not be in a bubble from Forbes. [link] I am not convinced yet. cc: @sethwulsin
@waspoza » 18 Feb '13, 11pm
@siaabd @TheBubbleBubble "So is the new Bitcoin price rise a bubble? I don’t think so." - [link]
@Dave_Kaminsky » 18 Feb '13, 4pm
#Bitcoin price has doubled since early 2012. But I'm not so sure such fluxuations in exchange rates are a good thing. [link]
@IBETLVMCGMTJMK » 18 Feb '13, 2am
.... screaming ahead to 27 FRNs per Bitcoin and beyond. Bubble? What do you think? I think something profound is... [link]
@bodenseepeter » 17 Feb '13, 9am
Interessanter Gedanke: #Bitcoin als Startup sehen und bewerten… [link]
@d_rush63 » 16 Feb '13, 12am
It's hard to tell if new #bitcoin high is a #bubble in these formative years of #currency. [link]
@GNULinuxGuy » 15 Feb '13, 11pm
RT @ianatmars: "So I’m not ready to sell mine yet." [link] #forbes #bitcoin
@ianatmars » 15 Feb '13, 10pm
"So I’m not ready to sell mine yet." [link] #forbes #bitcoin
@ianatmars » 15 Feb '13, 9pm
Although Bitcoin is p2p and therefore decentralized thinking of it as a new startup with many financial backers is an …[link]
@berenddeboer » 15 Feb '13, 8pm
Wow, bitcoin above $27 again; bitcoin is here to stay [link]
@bitrific » 15 Feb '13, 7pm
An interesting view from PRESS: Why I'm Not Ready To Sell My Bitcoins (FORBES): [link] "For example,... [link]
@FintechBot » 15 Feb '13, 5pm
RT @PelleB: Why I'm Not Ready To Sell My Bitcoins - Forbes [link] #bitcoin
@Technom4ge » 15 Feb '13, 1pm
Great article on #Bitcoin: "Why I'm Not Ready To Sell My Bitcoins" [link]
@Seangala » 15 Feb '13, 5am
Forbes short about the stay power of bitcoin: [link]
@RichardWu19 » 15 Feb '13, 2am
@danrushtweets #TO300W13 Entirely democratized digital currency #bitcoin gaining traction [link]
@nexusakachus » 15 Feb '13, 1am
So is the new Bitcoin price rise a bubble? I don’t think so. Nothing like Bitcoin has ever existed before, so... [link]
@ryandickherber » 14 Feb '13, 11pm
Everyone is all googly eyed about the bitcoin price again. The Second Great Bitcoin Bubble is just getting started. [link]
@GNULinuxGuy » 14 Feb '13, 10pm
RT @1techblogger: #bitcoin Why I Don't Think Bitcoin's Big Price Rise Is Another Bubble - Forbes [link]
@Hermetec » 14 Feb '13, 10pm
RT @GoWestBTC: Why I'm Not Ready To Sell My Bitcoins - Forbes [link] #bitcoin
@BitCoinReporter » 14 Feb '13, 10pm
Forbes: "Why I'm Not Ready To Sell My Bitcoins" [link] #bitcoin
@electricwings » 14 Feb '13, 10pm
RT @rogerkver: "You can’t buy stock in Bitcoin Inc, but holding the currency itself is a bet on the future growth of the BTC economy" [link]
@rogerkver » 14 Feb '13, 9pm
"You can’t buy stock in Bitcoin Inc, but holding the currency itself is a bet on the future growth of the BTC economy" [link]
@TripleBmining » 14 Feb '13, 9pm
RT @BitCoinReporter: Why I Don't Think Bitcoin's Big Price Rise Is Another Bubble - Forbes [link] #bitcoin
@IanDavey773 » 14 Feb '13, 9pm
RT @binarybits: Bitcoin prices have now doubled since the start of 2013. Why I'm not ready to sell yet. [link]
@BitConcierge » 14 Feb '13, 9pm
Why I Don't Think Bitcoin's Big Price Rise Is Another Bubble - Forbes [link]
@binarybits » 14 Feb '13, 8pm
Bitcoin prices have now doubled since the start of 2013. Why I'm not ready to sell yet. [link]
@1techblogger » 14 Feb '13, 9pm
#bitcoin Why I Don't Think Bitcoin's Big Price Rise Is Another Bubble - Forbes [link]
@mindcanal » 14 Feb '13, 9pm
RT @BitCoinReporter: Why I Don't Think Bitcoin's Big Price Rise Is Another Bubble - Forbes [link] #bitcoin
@berkes » 14 Feb '13, 9pm
RT @BitCoinReporter: Why I Don't Think Bitcoin's Big Price Rise Is Another Bubble - Forbes [link] #bitcoin
@BitCoinReporter » 14 Feb '13, 9pm
Why I Don't Think Bitcoin's Big Price Rise Is Another Bubble - Forbes [link] #bitcoin