Bitcoin Forum

Economy => Speculation => Topic started by: bracek on January 26, 2012, 06:25:38 PM



Title: now is the right time
Post by: bracek on January 26, 2012, 06:25:38 PM
to ask :

when are we going 2 c double digits ?
if ever...


Title: Re: now is the right time
Post by: proudhon on January 26, 2012, 06:28:43 PM
to ask :

when are we going 2 c double digits ?
if ever...

It's going to take an unprecedented amount of money to get into double digits this time.  And it will take even more to keep the price there.  The odds just don't look good.  Though, depending on how much money you've got at stake, the risk might be worth the potential reward.  Since this summer I'm much, much more conservative in my trading.  My returns are lower, but I'm also trying to reduce my risk.


Title: Re: now is the right time
Post by: Qoheleth on January 26, 2012, 06:33:16 PM
When there's enough commerce in Bitcoin for the objects being exchanged, plus the wealth being stored, to require the equivalent of 100 million dollars to represent.

Or alternatively, once people have confidence that the market will grow to that size in the future.


Title: Re: now is the right time
Post by: StewartJ on January 26, 2012, 06:34:33 PM
to ask :

when are we going 2 c double digits ?
if ever...

Interesting question to ask at this time, as many think we are heading below single digit.


Title: Re: now is the right time
Post by: bracek on January 26, 2012, 06:46:29 PM

Interesting question to ask at this time, as many think we are heading below single digit.

I was hoping in November to buy around 1 USD this summer,
but that dream seems to be gone...


Title: Re: now is the right time
Post by: SaintFlow on January 26, 2012, 06:48:56 PM
to ask :

when are we going 2 c double digits ?
if ever...

http://www.gspscp.ca/en/teachers/resources/cp37.jpg

after they come out of the three

another explanation:
the dump now is a miner protection move - to discourage new miners from joining for profit alone


Title: Re: now is the right time
Post by: BTConomist on January 26, 2012, 07:19:31 PM

when are we going 2 c double digits ?
if ever...

Once the average value of commercial transactions in the bitcoin general ledger (based on all existing bitcoins, minus those that are forever lost) is very close to the double digits, and the bulls strongly believe that it would soon exceed the double digit mark. Wait, what’s that buzzing?... It’s those fake honey bees again (https://bitcointalk.org/index.php?topic=61101.msg714677#msg714677)!


Title: Re: now is the right time
Post by: teflone on January 26, 2012, 08:27:18 PM
This is a simple question..


Right after Zhou funds it all without the starfish wall..

lmfao


Title: Re: now is the right time
Post by: Piper67 on January 26, 2012, 09:07:26 PM
When 0.05% of the world population each decides to buy one bitcoin :)