But any gains in "dollar value" made from the economy crumbling will not increase buying value too much. If it costs $10,000 for a loaf of bread and the bitcoin price is $10,737 it will not be that great of an outcome. Though it would probably push the price up as people who still have money try to find a safe haven for their money.

And people with dollars will be up shit creek trying to buy a $10,000 loaf of bread if their salary does not also rise as quickly.

Foreign investors are dumping US debt at record levels at the same time that US debt is at record levels.

Who is going to buy our US debt? That's all the US has left at this point. They certainly don't produce anything except for war and debt.

http://www.reuters.com/article/us-usa-treasury-securities-idUSKCN0Z2038

I wonder how far back in time you have to go to find people travelling the countries (kingdoms?) of Europe with raw gold or silver bullion in their pockets to solve that problem? It seems odd that such a ubiquitous institution as precious-metals-as-money could be stifled so effectively without electronic banking acting as a gatekeeper.

I mean, before WW1, it was possible to travel Europe without a passport of any kind quite far into the East or South unimpeded, and no Shengen agreement or United States of Europe was required! Could it be that simple freedom to choose is the most powerful universal system there is! It's cheaper and more effective than federalsim/statism at playing the same ostensible role.

I don't want to say it out loud for fear of jinxing it but...if we hit $900 in the next 10 days...that would be double in a month.

Look at the last two run ups and see how long it took to double. Then look what happened again in the next 2 weeks, then 1 week.

1st doubling: 04.feb. - 16.juni ($368 - $732) = ca. 18 weeks = done
2nd doubling: 16.juni - 25.aug. ($732 - $1450) = ca. 9 weeks
3rd doubling: 25.aug.- 29.sep. ($1450 - $2900) = ca. 5 weeks
4th doubling: 29.sep.- 13.okt. ($2900 - $5800) = ca. 2 weeks
5th doubling: 13.okt.- 20.okt. ($5800 - $11600) = ca. 1week
6th doubling: within 2-3 days = top of the peak.

somewhere through the 6th doubling or maybe when it tries to double yet again within 24hrs is peak. somewhere between $10k and $40k

all figueres bitstamp & my ass.

this is gentlemen.

 Cool

the rise is so slow and steady i don't think we are going to see any kinds of moontime anytime soon. there is just going to be the same slow and steady rise for the time being and unless i see a spike not a small rise i wouldn't call it moon.

The poster above you has an avatar that looks like either a rocket or a spaceship.

It's from the Galaga space ship shooting game released by Namco in 1981. There's one low resolution rocket for you.

wtf, where are all the trains, rockets, moon and other related GIFs?

After 750, 1000 is the next stop (around ATH).

If we break 750 for good today (775+) then maybe until Sunday.

Zurück zum Thema: Warum sollte es?

Nein, das ist schneller als exponentiell, exponentiell waere:

- x 2 in den ersten 18 Wochen (n=1)
- x 2 in den zweiten 18 Wochen (n=2)
- x 2 in den dritten 18 Wochen (n=3)

=> 2^n



Was Du aber beschreibst ist viel kraenker:

- x 2 in den ersten 18 Wochen (n=1)
- x 16 in den zweiten 18 Wochen (n=2)
- x 256 in den dritten 18 Wochen (n=3)

=> 2^(2^(4*(n-1)))

ehrlich wie kommst drauf?  

Das ist nicht nur eine Verdoppelung sondern noch viel kraenker weil sich naemlich die Zeit halbiert, d.h.:

- x 2  in 18 Wochen
- x 16 in den folgenden 18 Wochen

Falls ich irgendwo nen Faktor 2 vergessen haben isses auch egal  

The whole currency union concept is somewhat of a dubious implementation, driven by a bizarre form of pragmatism, in fairness. It's not just the cash portion of the money supply that is separate, the commercial banks in each Euro member state are also partitioned from each other, so there's actually a fair amount of friction between these conditionally integrated pools of Euro currency. It amounts to more de facto serfdom for the wage-slaves of the Euro area, as the ordinary everyday individual has little opportunity to take advantage of the common market using the Euro: several countries have laws banning more than a few thousand Euros of cash, opening bank accounts in countries with the more stable banking systems is not easy for non-citizens (hurray for the single market!), and cross border transfers from one Euro account to another with SEPA are still treated as foreign transfers from a legal/regulatory perspective.

It's almost as if trying to shoe-horn a single currency into an area with multiple established currencies is totally unnatural.....

well said. i have to add though, that it ended a centuries long fuck up for every traveller crossing borders (in europe, the next border is just around the corner) when you wanted to travel from the netherlands to italy you had to convert your gulden into dmarks, swissfrancs/austrian schilling (depends how you crossed the alps) and italian lira. you got robbed by kiosk exchanges every time you needed to change, you never really knew how much to change, if you changed too much, you got robbed again converting it all back to your dutch gulden. we are talking about one little trip of less than 1000 miles. what a clusterfuck that was.