Now that you started a thread we should see $5K/ BTC within a month or two.  LOL |
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That was post-WW1 Germany, not the US.
Zimbabwean president in 1988 : "That was post-WW1 Germany, not Zimbabwe." |
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$100 - $500k = 25% BTC, 50% silver, 25% gold
$500k - $5M = maximum 5-10k BTC, rest split up 50/50 in silver & gold
So someone with $100k should have more bitcoins than someone with $5M ? I agree with your general thesis that the less money you have (and if you are young), the more you can take on risky assets, but the $100k, $5M thing seems wrong. |
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just want to remind everyone that in terms of % swings …
is there a day-to-day percent change graph somewhere? i was tempted to do this, but i don't have much time and don't know where to get daily average data for the last two years. Looking in log scale is somewhat similar |
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I just wake up: WTF ?  |
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Nice, shows again how early we are in adoption phase.
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Meanwhile over on BitFloor, I just sold BTC0.78515 at $49.95/ BTC. /world record  what the... really?!? EDIT: "bitfloor -- a glimpse of the future" Sellers have always been scarce on bitfloor. Now they are an endangered species. I've been mentioning this in various threads for months, but people must still be scared because of the hack. And the fact that they only do ING P2P deposits, least last I've checked. That's a deposit method. They don't do withdrawals that way. Just regular ACH. They also have other deposit methods if you do want to buy. I was thinking: if I opened up an account there, will there be a method for me to get my money out(available for my country). Then I realised: no matter what exchange you use, you can always get funds out using bitcoin (and convert them to normal cash/bank deposit using a more local exchange). Not a genious insight, I know, but sometimes the realisation of bitcoin's awesome potential has to drip through slowly. Apparently there are still some knee jerk "old school thinking" reactions left in my head  . |
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Nice charts, and though the data set is small as you said, they seem to prove what I already believed: that price increase won't affect spending in a big way.
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I consider them your backup currencies to be honest, in case someone discovers a serious flaw with Bitcoin or it turns out Satoshi Nakamoto is really our evil overlord and intends to conquer the world with Bitcoin  I doubt a flaw in bitcoin wouldn't be present in litecoin too... |
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just watched this talk by doug casey: http://www.youtube.com/watch?v=ryD5lqRM-Tw (I think it was posted here but can't find the post). Watch that video (especially the 2ndish part about getting yourself and your wealth out of the country). Then look my avatar straight in the eye and say: "Bitcoin is in a bubble". just what does your avatar mean? It's the flying spaghetti monster. |
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Maybe a weekend dip, maybe not. I'm toats not expecting any weekend crash though.
UPDATE: Someone is trying to make me look da foo'!
We are back at -1 day levels. I would hardly call this a crash. |
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With the 18k btc drop failing to do anything to the price we are clearly in a situation where very few Bitcoin holders are capable of "turning the tide" even if they wanted to. The masses and clearly some big players are on the move to buy, and it needs big, trend changing events, to truly turn the tide. We're still going up.
I think we'll definitely see $40 soon. |
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If your bank only sat on deposits and "secured" them how do you plan to make money? The idea is the bank uses deposits to make investments and has a percentage witholding they keep for withdrawals.
Yes, I think the proposal would be better described as a 'vaulting service' than as a bank. |
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Will there be a special event if/when you reach +1000% ?
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Come on bears, don't let this rise too high too fast !
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wish we could post audio files that auto play
I agree. Especially since there would be absolutely no way this feature could be abused.  over 60% of us users like to be abused when we come to this thread so it's fitting I always feel so dirty when I have the urge to come to this thread and be a Wall Voyeur. |
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Actually I thought it was pretty fair.
" The system is built so that each new coin created costs more than the last when measured in processing time. This means that in theory the supply is limited." and "Watching bitcoins could be the modern equivalent of watching Dutch tulip prices. No matter how much market history exists humans still want to make a quick buck and let emotions rule their investment decisions." I hate it when they bring up the tulip thing. Maybe hindsight is easy, but you have to be pretty fucking dumb to buy a biological reproducibly thing, which by design can multiply exponentially, and then think it will be scarce and valuable in the future. Compare this to bitcoins which have a fixed number, and you are comparing apples with oranges. I may have been a bit harsh in my judgement though, he has some decent insights too (but nothing that hasn't been said 10 times before). |
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fail article
Thanks for saving my time. +bitcointip Spaceman_Spiff 0.10btc Is that on reddit? You are a generous guy, but I think you just tipped someone else , I ll start using an address in my forum signature |
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Hmm, that chart reminds me of this one...  Uncanny resemblance. The leftmost part is quite important though (big correction after huge appreciation is less bearish LT for an emerging technology/product) |
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