History doesn't repeat, but it often rhymes.  I wouldn't be surprised if we saw a mini rally.  Renewed hope and optimism for the price going up because the price is going up.  Why are more people buying?  Because it's going up.  It may have a nice run up to $4 or maybe even $5 before the more sober market participants begin to sell into the strength.  Remember that we've got at least two months of mining produce to be sold off to pay the bills (or sold when the price starts to turn).  These miners haven't been selling during that period as they would have been selling at a loss (assuming they didn't have 'free' or stolen power).

Enjoy the rising price, use it to make money, and don't stick around too long.  It's not fun being the bag holder when the music stops and all the other children have taken the available chairs.

Well at least I've got 100 bucks left.

And I am confident that I'll reach my old balance in another 2 weeks, I know what I was getting into in the future I'll listen not as much to the bears
I'll wait till the dust settles then lets see if this turns out to be market reversal.

The last time it happened (at least the off-line and frozen funds part of the equation), it was actually, and surpisingly, quite the snoozer.

I had been planning to try to clean up if/when Mt. Gox cashed out, but have given up on that and come to the conclusion that they are strong and among 'th good guys' which is where they stand in my book at this time.


I had not seen that much from Nagle and certain of the other more vocal 'Bitcoin is finished' crowd.  I figured they finally went ahead and did their buy-ins near the $2.00 range which left just a few of their ilk empty handed and howling for the $1.xx which may never come.

Killer apps will come in waves of complexity. Each new adaptation will inspire further development of the technology. Bitcoin is in the prototyping phase. The current client is like the Intel 8080. "Nobody needs more than 640k."

Gates himself has strenuously denied making the comment. In a newspaper column that he wrote in the mid-1990s, Gates responded to a student's question about the quote: "I've said some stupid things and some wrong things, but not that. No one involved in computers would ever say that a certain amount of memory is enough for all time." Later in the column, he added, "I keep bumping into that silly quotation attributed to me that says 640K of memory is enough. There's never a citation; the quotation just floats like a rumor, repeated again and again."

Gates, who is retiring from his day-to-day role at Microsoft Corp. on June 30, also insisted in a 2001 interview with U.S. News & World Report that he hadn't made the comment. "Do you realize the pain the industry went through while the IBM PC was limited to 640K? The machine was going to be 512K at one point, and we kept pushing it up," he told the magazine. "I never said that statement — I said the opposite of that."

I doubt it will be what the polls indicated, it will not fall below $2, it is quite stable at +/-$2.50

What price do you need to hit to get a short squeeze? I will shed a tear for you if it gets there.

it will

Short squeeze

I pledge 1 BTC per organization, until further notice.

But if I'm allowed to be a bit of a spoilsport, I think we need to be realistic with respect to the success prospects of this initiative. 100 BTC is not a lot for the organizations that matter, and Bitcoin comes with legal and publicity baggage that they will be mindful of. If they need any convincing at all to accept bitcoins, a mere 100 BTC will not be what convinces them.

It's even worse if the funds aren't collected in advance. When the time comes to pay up you don't know who will have forgotten about the whole thing, who doesn't get the memo, who has run out of coins and who simply refuses to honor their pledge. And the organization will be less eager to go along if they're not assured the money is all accounted for.

Maybe we can learn a few things from the DOSBox pledge which was sort of similar but on a much smaller scale. That was essentially a one-man crew with a hobby project and without any real legal obligation, and the persuasion process was far from "100 BTC you say? Of course I'll accept bitcoins now!".

BadBear do you enjoy trolling?

I can't speak for others but for me it is more like I (others) have a limited amount of money to donate.  Some charities accept BTC, some don't.  If you accept BTC you have greater chance of getting funds from me. 

Nothing different than a charity accepting CC.  I don't write checks, and I don't like to give cash (no IRS record) so if a charity doesn't accept credit cards I am going to donate to a charity that does.   10 years ago that was more of an issue but today virtually every charity accepts credit cards.  Maybe in 10 years almost every charity will accept Bitcoins.

If that is evil well I guess I am evil.