Bitcoin Forum

:D

Yep, I was a part of that :)   
Was just buying some coins for a friend and took it from 9.9x to about 10.1x

Roll on $20 :)

have you seen that the demand for bitcoins is high and the supply is very low:
http://bitcoincharts.com/markets/mtgoxUSD.html

i am not a economic, but it must mean higher prices. :D

Old news $10
Now $10.50   ;D

what are you talking about? its 10.57
:D

Exciting morning kokjo, and it's only ~5:30 AM on the West coast USA.
Wake up and buy Bitcoins!

It must be all the news lately!

WOW $10 now??? when do we hit $20?

Anyone wants to sell me a coin for $10?

damn already brushing $11.  this is pretty nuts

It's growing crazzzzzzzzy!!!!!!!!!!!!!!

Someone is buying bitcoins on bitcoinmarket for $14 or $15

 :o

Never though i would see the day.

Someone bought 10 BTC for $150 on Ebay.  http://www.bitcoinfrenzy.com/2011/06/bitcoins-sell-for-15-on-ebay-why.html
 (http://www.bitcoinfrenzy.com/2011/06/bitcoins-sell-for-15-on-ebay-why.html)

Truly insane stuff is going on. 

Yeah more people obviously need to sell on e-bay.

http://i36.photobucket.com/albums/e49/benjamindees/e-bay.png

batcoins?   ooooo - i loooovvvvvve baseball.  and al capone.

can you sell me some?

11!!!!  :D

$11.20 now.

I have 125 doillars, is it worth it to buy bitcoins with them now? Will the price continue to rise?

11.50 :D yay!!!

wow... it's kinda nerve wrecking that it's going up so quick.

only if you didn't expect it ... the steel balls will be necessary when it blasts through a $100.

I predict we'll surpass $20 by the end of the month.

http://bitcoincharts.com/charts/chart.png?width=976&m=mtgoxUSD&k=&r=60&i=&c=0&s=&e=&Prev=&Next=&v=1&cv=1&ps=0&l=1&p=0&t=S&b=&a1=EMA&m1=10&a2=EMA&m2=25&x=0&i1=&i2=&i3=&i4=&SubmitButton=Draw&

What about when the Al Jazeera story hits, some Saudi prince sees it and decides to switch the reserve currency of oil to bitcoin. 

It could happen.

I doubt that they'd change their reserve currency in a month. But maybe the story will encourage them to try it out, which would definitely drive the price up further.

Jumped to 13.5 from 11.5 right now.

This is unreal.

Muslim elders/scholars/lawyers could declare that bitcoin is in compliance with Islamic law, unlike trashy heathen fiat fun-bux.

Also, Hugo Chavez might decree bitcoins be the new People's Currency, and only sell oil to the Imperial swine for them.

The mullahs will appreciate bitcoin.

That's an incredible idea, how does someone contract the Venezuelan treasury?

hehe, don't dream, Hugo Chavez loves having control over Venezuela's currency in order to finance his "bolivarian socialism" with money printing when petrodollars aren't enough. They've faced more than 30% annual inflation recently. He started some price control schemes. If Venezuela adopts bitcoin, it will be because its people will do it on their own to protect from inflation, not because of their dictator.

i'm so sad ;.; i only have 1 bitcoin to my name... and the prices are skyrocketing making it even harder to buy back in. :<

14!!! FOURTEEENNNNNNn?????!!! ??? ???

Beware of the bubble :)

Seems to be busting wide open right now

BUBBLE!!

Just sold mine at 13.4

bah I just bough some at 13+, :'( hoping it'll hit 20 soon :)

Obligatory:
http://bitcoinweekly.com/system/images/19/original/bitcoinbubble.jpg

Thanks to the increasing prices, I got +40$ just by buying and selling.

Ah, free money.

price going up and if trend continues, buying is still more profitable. I honestly thought prices were going to calm down but it's not the case and making buying look much more attractive option of the two.

Is mining really still profitable? I thought because of the amount of people mining right now it was hard unless you dedicated all your time to it.

Mining is profitable and requires you to devote enough time to build a computer and then start some software. Then you can go about your life. Being tech savvy is a definite plus however.

 Given the recent price fluctuations buying coins is still more profitable however. This may change in the future, who knows.

perhaps the bad Non-Farm Payrolls data is weaking the USD compared to BitCoin

Now I wonder how much the price is gonna fall, now that buyers all but dried up.

from mtGox right now:
Lowest Ask Price   13.84
Highest Bid Price   13.838

just topped 17

It seems the invisible rapture did occur and bitcoin is the chosen currency by whatever god is true and right.

Good grief this is moving fast.

It seems to be charging towards 20 $ if you ask me.

I think with people in Russia and China apparently becoming interested, prices can only go up in the short run.

There seems to be a lot of hope that Bitcoin could be a serious currency in the future. Even though the price action is explosive the Bitcoin story is just starting to get mass recognition.

OMG WE JUST HIT $ 10!!!!!!!!!!!!!!!!!!1111111111111111111

I wish we did, Id like some more coins.. :)   If it hits $10 again, I'll be increasing my stash further.

regardless of what the short-term profiteers wail about, I havent seen anything better, or even in the same ballpark come along yet.   Unless it does, I'm still confident that BTC have a big future.

Want to sell me some $10 coins ?  ;-)

as for me, i'm pretty sure that we won't break 13 USD barrier in short-term. partial buying now seems wise solution to me.

I'll take you up on that.  I think $13 will be well ass broken by EOB today.

+1

where is your God now? :)
in 1-2 days IMO we don't break 13 USD mark. and if trading will close above 14$ there are obvious signs of mini-rally.

+2

I don't understand why people are still buying and why people want the price to go DOWN

Do you want to lose money?

If anything buy but push the price UP

+. that's only what i'll plus. this forum stinks so bearish and spreading fear...

PS: obviously, they want to beat price down because they missed the jump-in point for some reason :)

Stupid people want prices to go down so they can buy more. Bear in mind that raising prices is harder than bringing it down. Lots of small businesses went down because of this. Thinking that even if they're only making a small profit per item, the volume will make up for it. Then suddenly, competition pops up nearby with the same prices. BAM! Volume is halved.

Maybe they're stating their honest opinion that bitcoins have few uses and so far have been used as a highly speculative investment by most users.  In times of trouble (USA/PIIGS at the moment) very risky assets get sold off while investors flock to safety.  If bitcoin truly is as good as gold (as is often claimed on these forums) it should be rocketing up in value right now.

[/quote]
  If bitcoin truly is as good as gold (as is often claimed on these forums) it should be rocketing up in value right now.
[/quote]

the problem is only a small percentage of the population knows about bitcoin, whereas everyone knows what gold is.......

The reality is bitcoin is NOT gold. it can't be used for anything other than currency. USD can inflate 100 times (against tangible real assets) but it doesn't mean 1 BTC will be worth 100 times of its current value.

no it means that 1 btc will be worth 150 times its current value :)

Judging by current price action, it's unlikely. I believe it's heavily overvalued now (until it's been widely adopted by the general public).

there is still getting more users of the currency, which means: more demand.

Then why is the price so slow?

Define "slow". It was under 8 a little over a month ago.

 Lol I meant to say low