Quote from: rpg on May 29, 2013, 09:09:22 PM

Quote from: kjlimo on May 29, 2013, 08:12:50 PM

Quote from: rpg on May 29, 2013, 07:49:38 PM

lets face it, the only reason BTC is at $130 is because its a shelter for criminal money. If you think otherwise I may have a bridge you maybe interested in buying.

hah, welcome newbie. You're wrong and I hope you learn that quickly.

ok, explain to me where the billions of fiat to shelter in a crypto are coming from.

Lets see, this importer (cough cough) needs to pay for a shipment, so he buys BTC. He pays the shipment to the guy in Colombia with BTC. The guy in Colombia goes to gox and sells the BTC to another importer that also has to pay for a shipment..... and so on.

BTC was also used by hackers and mafia groups to laundry money at LR and I'm pretty sure other outfits are still being used.

In fact hackers and mafia groups dominate the crypto mining universe. Lets see ... bot nets, shady pool operators, DDOS attacks.....

Where are those billions coming from again?

Please take some time to understand what market capitalization represents. There has been nothing like a billion in fiat invested in bitcoin to date. A billion Zimbabwe dollars perhaps, but that's another discussion. The average cost of entry (per dollar) for bitcoin investors is nothing like the current spot price. To assume that you have to believe that all the original holders have cashed out in the last month; the blockchain says it just ain't so. Even that ignores the many miners that got in basically for free.