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Re: I sold everything at $158/159 this morning
by
Rampion
on 25/11/2013, 17:51:48 UTC
No, just read his post history (I did it with a sense of dark entertainment), he is currently saying that he is out because Bitcoin is a bubble and it will collapse because its needed too much money constantly flowing into Bitcoin to sustain the current price given the actual inflationary phase (3.600 coins are "created" every day).

He made some money, so good for him. No need to blame OP he doesnt want to risk anymore.
Those who bough Bitcoins from him can sell with profit if they need money as well, so all happy  Wink

It seems no matter what price you buy, if you wait you cant loose. Remember Bitcoin is deflationary.

Not yet. This year's inflation rate is 12.5%. Next year (2014) inflation rate will be roughly 11.11%.

Remember, Bitcoin will be inflationary till +2030.