Quote from: Odalv on June 08, 2013, 08:39:27 PM

Quote from: Jakewell on June 08, 2013, 08:32:50 PM

Quote from: San1ty on June 05, 2013, 11:27:58 AM

People always seem to think that BTC is overvalued and that we are currently in the great bubble of 2013 with only one possible outcome... Down.

But allow me to warp your mind around:
There is no bubble, we are actually in a great depression, the depression of FIAT!
BTC isn't going up, it's FIAT that's going down! Every day your FIAT is worth a little less.

BTC has decreasing inflation, FIAT has increasing inflation!

in the 2012 i bought the last iphone for 700 dll, and this year i can buy the new iphone for the same usd amount.. so the bubble is on bitcoin, not in the fiat..

With same amount of bitcoins you can now buy $110/$5 -> 20 iphones

Techno Mr. Bojangles with that many iPhones.
Bitcoin is nextlevel better. We're shockingly lucky any amount of fiat can still part a bitcoin from its owner.