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Of this bubble? $1000 very soon. Then bang, bubble burst.
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19th November 2013
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Why would china want to destroy bitcoin, they want a less usd based world economy...
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What so people are buying not knowing the price they'll pay? Sounds very bubbly!
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Maybe china are just trying to buy out bitcoin to use as a sovereign currency!
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It can't go up 150 a day for long, this is crazy!
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Not sure, but I thought the same thing at 400 and 500 but didn't buy!
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I don't think that he scammed like everyone here is saying, it was just the greater fool theory in full swing.
One thing he did do was give out hundreds of bitcoins in paybans from the chatbox under the name 'Satoshi". These payban bitcoins then go to fee holders, making the returns look better.
There were a lot of paybans in the days before the 2nd tranche was released...
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While I'm glad the share price is holding up against BTC relatively, I'm actually surprised it is not closer to the .003 wall: given the way BTC is performing you would think investing in a BTC bank would look more attractive to investors.
I'm hoping there will be a bit more trading action when the wall is removed at the end of November ...that is correct isn't it?
He said on page 78, that is not the case. All shares will remain on sale at 0.03 but on the direct trade site. This is probably good for the company, but bad for shareholders short term. In the long term it is probably a benifit though. |
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As a currency no, as a commodity yes. It's a bit slow to use for purchases and everyone is hoarding like crazy!
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Its trading low against bitcoin, which is just about the only way you can buy it!
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Silver is a hedge against inflation, bitcoin is an all or nothing gamble, which could make you very rich, or lose all of its value. I wouldn't swap silver for gold, but stop acquiring silver and start acquiring btc.
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What is going on with Bitstamp ? Aren't they reporting anything for the past ~4 hours or was their trading engine really down ?
https://www.bitstamp.net/ - scroll down - you see the live trades there. Its working  ps gox has less BTC asks (7.8K) then bitstamp(7.9K)! Thats a first? And the definite end for gox! Wow, nice spot. Gox really is finished even with the introduction of Litecoin. Possibly being the second biggest us dollar exchange (probably still the biggest) doesn't sound like it finished! |
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Yes I would use it. I use coinbits on OS but haven't seen an equivalent on android..
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well the problem is that if the internet went down, the price for BTC would completely crash as fewer people would believe in it or have access to it.
If the internet went down, the price of BTC would be the least of your worries. Not really, if you are heavily invested in bitcoin it would a primary concern. The world got by before the Internet, bitcoin didn't. |
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The that was titled about the great depression 2.0 aka 2014, but quickly became shtf based!
I am in silver and bitcoin, I do tell myeself that I need to get some supplies, even just for a month or so, but I haven't got to that point yet.
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Everyone has a price. Everyone. Mine is US$10k. If bitcoins hit US$10k each I'll sell all of mine to all comers. Until then I'll hoard and not spend a satoshi.
This is why bitcoin is a commodity, not a currency. As a currency btc could be great, as a commodity I am not so sure. |
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I think we really need to stick together to start a new altcoin spike to hold value in cryptos. I think that the best candidate would be Litecoin, and not for technical reasons, but purely because of it's market cap. ( 1)BTC- 4b$, 2)LTC- 106mil$, 3)PPC- 14mil$ ). With the biggest market cap. of altcoins, Litecoin will have the best starting momentum to start a new boom that will keep cryptos in the picture.
Says the person who has bought LTC! |
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That is a fairly unimpressive correlation, your line completely missed the march/April rise. Does it ever predict significant falls?
you obviously have no experience with modeling and forecasting. Everything is probabilistic, it cannot predict crashes or spikes. It cannot predict forces outside of the model. What it can do is explain and give insight into the drivers of phenomena. The correlation itself is 93.6% which is actually super impressive when it comes to fitting data. It is statistically significant to .001 of significance. So if it turns out that we are now in a bubble, your model doesn't work? |
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