Please explain the bitcoin phenomena
 

I know what bitcoin is. What I don't understand is why is it increasing its value, where is exactly the increasing demand? Or where is exactly the scarcity?

And, who buy those things? How can it be used?

And, how is it that many people here have so many bitcoins? I mean, I did not know many adult companies that pay affiliates with bitcoins, or users that pay with bitcoins, or anything.

Bubble.

8char.

"hey i heard this thing called bitcoin is increasing in value" "yup" "so if i buy a bitcoin today the price may rise tomorrow?" "yup" "im in"

shiny object syndrome + greed = bitcoins

makes the brain shut down for some :1orglaugh

its pure money laundering but it seems to not concern anybody...

comments from the people that couldn't catch the boat lol

People want them. People go after them. Just like gold. Just like ammo. Everybody else is doing it, everybody else jumps in.

Cyprus taking money is scaring the crap out of people. US Fed and Bank Of Japan driving interest rates down to zero forever isn't helping.

I'm ahead of the game, Buying on the dip. I've got everything in Beanie Babies and Tickle Me Elmos.

Artificial hype in every mass media source.


"If it's on TV it must be good!"
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http://1.bp.blogspot.com/-bRnEt20VD6...per-retard.jpg

I don't know too much about it, but just like any other system it can be exploited for profit by those who are savvy with it.

I don't see the payoff worth of the effort for myself personally. For those of you getting your panties in a bunch about the rising "value" of bitcoins, don't count your chips until you leave the table.

step 1: buy bitcoins @ $xx
step 2: watch the value increase to $xxx
step 3: sell off initiall investment
???????
step 4: profit

you don't know much about it, can't see a payoff, yet feel the need to give the btc panties in a bunch crew investment advice on it all.

got it.

once we had the tulip o mania, nobody remember that?

http://www.thetulipomania.com/

bitcoins from 1640

What the hell is that guy doing?

I referred to that shit days ago

just be careful man