As we get closer to the estimated delivery date of ASIC, more miners are going to upgrade to ASIC. Bitcoin is being exchanged heavily nowadays as a medium of exchange for multiple different products/services. The more products/services will be offered in exchange to bitcoins the higher the value of BTC will be in exchange to USD. I've created a thread 3 weeks ago that speculates BTC price reaching 25$ by the end of the year. The speculation was basically bassed on the expected rise in difficulty in addition to 25 BTC block reward that is expected to happen in 4 months from now. I figured out lately that I was wrong: difficulty and block reward are just one of multiple other factors that affect BTC price. I still believe that BTC will continue rising toward 25$ "probably will reach 25$ or even 30$ by the end of October", and that is an effect of multiple facts, the most important of which is that BTC is gaining trust like never before.
so you don't see a big crash at that point, you think the value of BTC should be up there? supply and demadn Thats how its been and thats how it will always be. btc-e hack that took place last month was one of which that would have caused a crash. But it seems that bitcoiners and exchange sites have learned tough lessons from old incidents and matured in better risk management and incident response. I personally was amazed how btc-e been able to recover the incident in no time. I really don't see any reason why BTC price would go down, even after reaching 100$ 1. False. Any large holder of btc can crash the price by dumping it all at once. 2. Price would go down when people cash out to fiat. Trust me the price never goes straight up forever. Remember this. 1. Wouldn't happen, cause any large holder of BTC is not a dump. 2. People are cashing out every single second and every time they cash out there is a new holder of the asset, who is taking his turn in appreciating it to the next round, hens BTC continue rising but slowly. bitcoin's 30 year chart is going to look like one crazy ass rally after the next cant wait to see that  What's an ass rally? cuz its gana look F'd up the 30 year chart 0 30 2 7 15 5 45 10... all the way up to 3457$ on year 30 ........ ofcousre the dollar would be what it use to be but still lol |
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So does anything has been decided for the meetup location? Wherever it's gonna be, I'll be there for sure!
in 3 weeksSaturday, September 01, 2012 2:00PM Les Tam-tams du mont Royal Parc du Mont Royal Montréal, QC H2M 2T6 Saturday, September 01, 2012 4:00PM Mad Hattader 1208 Rue Crescent Montreal, QC H3G 2A9, Canada I will buy a bitcoin hat, ill be the tall guy with the hat  |
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As we get closer to the estimated delivery date of ASIC, more miners are going to upgrade to ASIC. Bitcoin is being exchanged heavily nowadays as a medium of exchange for multiple different products/services. The more products/services will be offered in exchange to bitcoins the higher the value of BTC will be in exchange to USD. I've created a thread 3 weeks ago that speculates BTC price reaching 25$ by the end of the year. The speculation was basically bassed on the expected rise in difficulty in addition to 25 BTC block reward that is expected to happen in 4 months from now. I figured out lately that I was wrong: difficulty and block reward are just one of multiple other factors that affect BTC price. I still believe that BTC will continue rising toward 25$ "probably will reach 25$ or even 30$ by the end of October", and that is an effect of multiple facts, the most important of which is that BTC is gaining trust like never before.
so you don't see a big crash at that point, you think the value of BTC should be up there? supply and demadn Thats how its been and thats how it will always be. btc-e hack that took place last month was one of which that would have caused a crash. But it seems that bitcoiners and exchange sites have learned tough lessons from old incidents and matured in better risk management and incident response. I personally was amazed how btc-e been able to recover the incident in no time. I really don't see any reason why BTC price would go down, even after reaching 100$ 1. False. Any large holder of btc can crash the price by dumping it all at once. 2. Price would go down when people cash out to fiat. Trust me the price never goes straight up forever. Remember this. 1. Wouldn't happen, cause any large holder of BTC is not a dump. 2. People are cashing out every single second and every time they cash out there is a new holder of the asset, who is taking his turn in appreciating it to the next round, hens BTC continue rising but slowly. bitcoin's 30 year chart is going to look like one crazy ass rally after the next cant wait to see that |
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Sorry Adam. I'm drunk...  ya me too, i have a head ache now..  why wont it go down! down is the way to go poeple * rolls a joint * double your bitcoin |
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Should we bump this thread every day as the price goes up?
Bump!  not only is this the best time to sell in over a year its also the best time to short all the bitcons... the rally has stopped. the vol. is dropping. the price is sure to fallow |
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I had a dream that a tiger was chasing me though a parking lot it ran right at me and jumped right over me  What does it all MEAN! You're going to get taller in the coming few days! oh come on! I'm already 6 3. |
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I had a dream that a tiger was chasing me though a parking lot it ran right at me and jumped right over me What does it all MEAN! |
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Fat Tay Choon went to the Mining Academy in Brazil, east of Satoshi's yurt, where Gavin was kidnapped by the CIA's goons and forced to pretend faking an anonymous decentralized biscuit—better than all the fish in the Pacific Ocean—but also to defray leeches intelligently with ECDSA fighting qubits for 16.8 dree12, or Phinnaeus must fling toilets towards psy‐ops, without potato smoothies mixed with fried chicken wings from BitMunchies.com, urbanchickennj.com, and Popeye's. Bitcoin
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Windows users can download my current version of the utility and print Bitcoin notes!
link? |
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Fat Tay Choon went to the Mining Academy in Brazil, east of Satoshi's yurt, where Gavin was kidnapped by the CIA's goons and forced to pretend faking an anonymous decentralized biscuit—better than all the fish in the Pacific Ocean—but also to defray leeches intelligently with ECDSA fighting qubits for 16.8 dree12, or Phinnaeus must fling toilets towards psy‐ops, without potato smoothies mixed with fried chicken wings from BitMunchies.com
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Full episode is still on CBS.com btw, if anyone here has somehow managed to not watch it yet a good game to play while watching it, is to take a swig of your beer every time you hear the word bitcoin, 3x bitcoin in less then 10 seconds means you have to down your beer. you'll need alot of beer. |
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Fat Tay Choon went to the Mining Academy in Brazil, east of Satoshi's yurt, where Gavin was kidnapped by the CIA's goons and forced to pretend faking an anonymous decentralized biscuit—better than all the fish in the Pacific Ocean—but also to defray leeches intelligently with ECDSA fighting qubits for 16.8 dree12, or Phinnaeus must fling toilets towards psy‐ops, without potato smoothies mixed with fried chicken wings
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but my biggest reservation is in order to propagate Joe average has too feel they are getting more than they put in. So we need to see a redistribution of BTC.
ppl always say this and i still don't get it. what's to stop ppl from just USING it for commerce w/o any speculation expectations? i do that for USD's. When I made my fist Bitcoin purchase I didn't want to spend my hard earned Bitcoin's so I bought some and used those. This was using it for commerce without speculation; however I only used Bitcoin because I am an enthusiast. If the Bitcoin economy were bigger I may be compelled to just buy them. However buying them to partake in an established Bitcoin economy will create a demand for Bitcoin. When you look at the "innovation adoption curve" that demand will be filled by the innovators who have lots of BTC to sell. The people who build the economy are the Early Adopters paying the price and the benefactors are the Inovators. (the Early Adopters are key to the successful adoption of Bitcoin for mass market appeal ) In my view you need the Early Majority to adopt Bitcoin in order for it to propagate. For that to happen the Early Adopters need a motivation to build the Bitcoin economy. I see wild swings in boom and bust cycles as the ideal stimulant. Boom bust to me is like gambling only cashing out without loss if you have a stable supply of BTC, one in this cycle eventually establishes a legitimate way to obtain BTC and cash out during the swing, thus the economy slowly builds, and the Early Adopters benifit. ( That is, what I am doing now except I am trickle mining, as opposed to building the economy. So technically I fall in the Innovation stage, but traders fall in the early adopters Stage.) So to keep this on topic I hope to see it around $8 at the end of the year - the new low for 2013 and the Bitcoin rich to sell off to the new comers and have the cycle repeat itself dropping to a low that are representative of the increasing user base. +1 yup it would be nice to know that this actually happening |
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Nifty another bullion vs. bitcoin thread.  It's somthing like if the entire gold were in good delivery bar there would be as many bars as bitcoin. Does that answer your question? Any plan on convincing the Rothschilds to switch to Casasicus coins yet?  huh? i want to know what the price would be if the supply of bitcoin was the same as the supply of Oz's of gold assuming their is about 5,079,817,925 Oz of gold bitcoin would be worth 0.0475$ each with the same supply Where did you get that number? then i did 21,000,000 / 5,079,817,925 * 11.5 |
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Nifty another bullion vs. bitcoin thread. It's somthing like if the entire gold were in good delivery bar there would be as many bars as bitcoin. Does that answer your question? Any plan on convincing the Rothschilds to switch to Casasicus coins yet? huh? i want to know what the price would be if the supply of bitcoin was the same as the supply of Oz's of gold assuming their is about 5,079,817,925 Oz of gold bitcoin would be worth 0.0475$ each with the same supply |
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what would bitcoin price be, if their were as many bitcoins are their is Oz of gold? put that in your pipe and smoke it! |
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