Bitcoin Forum

Economy => Economics => Topic started by: Alex Beckenham on June 08, 2011, 05:19:44 AM



Title: 1 BTC = 200 USD
Post by: Alex Beckenham on June 08, 2011, 05:19:44 AM
Do you think 1 BTC will be worth 200 USD at some point this year?


Title: Re: 1 BTC = 200 USD
Post by: Alex Beckenham on June 08, 2011, 05:21:50 AM
What is the point of making threads like this?

I'm a sad lonely virgin and I have no prospects for a girlfriend.

Please love me.


Title: Re: 1 BTC = 200 USD
Post by: Genrobo on June 08, 2011, 05:23:50 AM
What is the point of making threads like this?

I'm a sad lonely virgin and I have no prospects for a girlfriend.

Please love me.


Mom and dad aren't home...
Maybe...
I could be your girlfriend tonight.  :-*


Title: Re: 1 BTC = 200 USD
Post by: gshit on June 08, 2011, 05:25:40 AM
What is the point of making threads like this?

I'm a sad lonely virgin and I have no prospects for a girlfriend.

Please love me.

15LPQA34xM5EzK1sZf1h33ytVik47kEDjY

I'll love you for 0.01 <3


Title: Re: 1 BTC = 200 USD
Post by: imperi on June 08, 2011, 05:28:00 AM
I vote yes. The bubble will grow to about 220 or so, and then catastrophically pop back down to 200.


Title: Re: 1 BTC = 200 USD
Post by: nikion on June 08, 2011, 07:01:37 AM
Yes, but only do to the hyper inflation of the USD as caused by the print money to payback China act of 2011...

Seriously all this speculation, its not about what one currency is worth compared to another its about what you can buy with that currency. Stocks are for speculation, the whole point of money is to smooth out trade by meaning that we don't have to barter. There has never been any real value in any currency the only value is that it facilitates the exchange of goods and services.


Title: Re: 1 BTC = 200 USD
Post by: nemo on June 08, 2011, 07:10:27 AM
I don't feel right about this. If it hits 200, I'll buy an acre of land and put a yurt on it.


Title: Re: 1 BTC = 200 USD
Post by: TECSHARE on June 08, 2011, 07:22:26 AM
LoL I saw that yurt ad too xD


Title: Re: 1 BTC = 200 USD
Post by: Ian Maxwell on June 08, 2011, 07:24:31 AM
I would have answered no to this question a a month ago---now I'm starting to think Bruce Wagner is right when he says it will be $1000 by the end of the year.


Title: Re: 1 BTC = 200 USD
Post by: Alex Beckenham on June 08, 2011, 07:32:54 AM
I would have answered no to this question a a month ago---now I'm starting to think Bruce Wagner is right when he says it will be $1000 by the end of the year.

How hard would it be to sell though? I mean if you had 1000 coins worth $1000 each, how long would it take to find a buyer with a million bucks?

Might need to go through an experienced broker, much like when you buy/sell real estate.


Title: Re: 1 BTC = 200 USD
Post by: Grant on June 08, 2011, 07:35:49 AM

How hard would it be to sell though? I mean if you had 1000 coins worth $1000 each, how long would it take to find a buyer with a million bucks?

Might need to go through an experienced broker, much like when you buy/sell real estate.


In todays market, 1-2 days at mtgox. By the time it reaches $1k daily volume there will likely also increase.


Title: Re: 1 BTC = 200 USD
Post by: Alex Beckenham on June 08, 2011, 07:39:38 AM

How hard would it be to sell though? I mean if you had 1000 coins worth $1000 each, how long would it take to find a buyer with a million bucks?

Might need to go through an experienced broker, much like when you buy/sell real estate.


In todays market, 1-2 days at mtgox. By the time it reaches $1k daily volume there will likely also increase.

But it would then take 1000 days to withdraw it from Mt Gox, no?  Or could they arrange to send you $1m.


Title: Re: 1 BTC = 200 USD
Post by: Grant on June 08, 2011, 07:44:35 AM

But it would then take 1000 days to withdraw it from Mt Gox, no?  Or could they arrange to send you $1m.


They can raise your limit if you send them a ID verification.


Title: Re: 1 BTC = 200 USD
Post by: riX on June 08, 2011, 07:47:18 AM
Yes, but only do to the hyper inflation of the USD as caused by the print money to payback China act of 2011...

We should start looking at BigMac/BTC instead of USD/BTC..


Title: Re: 1 BTC = 200 USD
Post by: bcpokey on June 08, 2011, 07:59:21 AM
Going back to the OPs 1st reply...

One thing I never considered about bitcoin. How am I supposed to pay a hooker with bitcoins?


Title: Re: 1 BTC = 200 USD
Post by: hoo2jalu on June 08, 2011, 08:10:04 AM
....
One thing I never considered about bitcoin. How am I supposed to pay a hooker with bitcoins?

There's an app for that...


Title: Re: 1 BTC = 200 USD
Post by: TECSHARE on June 08, 2011, 10:42:19 AM
Now selling www.bithooker.com


Title: Re: 1 BTC = 200 USD
Post by: Alex Beckenham on June 08, 2011, 10:43:50 AM
Now selling www.bithooker.com

What's a Bi Thooker?


Title: Re: 1 BTC = 200 USD
Post by: Nesetalis on June 08, 2011, 01:36:29 PM
Now selling www.bithooker.com

what, is that for the shamwow guy when the hooker bit him?