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It is entirely possible that MtGox price will never go below $1000 again. Given trends, indicators, upcoming big merchants accepting BTC, big investors, etc etc... I'd say it's very likely that BTC won't drop below $1000 unless SHA256 gets broken or something.
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cheapair.com accepts BTC, and is known to be legit.
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I have a bit over $8000 pending withdraws from mtgox to wells fargo. been waiting about a month now
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if only it weren't impossible to get USD out of gox...
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OP has horrible reputation and trust rating. Do not deal with him unless he sends first.
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MtGox has owed me thousands of USD for about a month now. Probably won't see it anytime soon either.
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Switching Bitcoin protocol will be extremely difficult and risky. If petaflop power of currently implemented ASIC hardware is lost, the network would become so weak that it'd be vulnerable to anyone who can afford to spend $50ish-million on developing ASICs that use new protocol.
So switching is viable, but dangerous for the network until overall computational power is restored to the point where no single entity can easily amass 51% of hashrate. The 'problem' will worsen as time goes on and more SHA256 ASIC are added to network.
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The US Senate has already tried to stop Bitcoin, in the form of a spearhead attack by Senator Schumer. He's a very influential senator for those who don't know. He tried. He failed. It really feels like Bloomberg contributors get more clueless by the day.
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Thanks to Bitcoin, I went from being a 29-year old basement dweller with nothing to my name besides some computers, to being able uproot my life, move out of state, to buyout a condo outright with no mortgage payments ever, purchase a decent car (2007 camry, 55k miles), and in just about every way has given me a fresh start. I'm able to attend college again, and am currently working on a degree in environmental science and policy management... and I still have a 100+btc nestegg in cold storage.
<3 Bitcoin, and Satoshi.. whomever he/she/they(plural) are, thank you.
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2
I expect BTC value to be around $3,500 a year from now.
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OP is either trolling or just plain feeble minded. In either event, the best response is to disregard him.
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I've had $0.00028 stuck on Gox for about 2 years now. How dare they keep my 28/1000th of a penny.
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OP is either trolling or feeble minded. Best choice of action? Disregard.
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Would you take 25BTC/unit?
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WTB Iceland. Vast geothermal/cheap energy, beautiful environment, strong tech infrastructure already in place, very low population density... its "average citizen life span" is like 88+ years, some of the highest on the planet. Fuckin' Iceland, yo. "Damn, snow is cold. I'll just jump in this hotspring I found"... where else you going to get that?
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The value of the USD is actually backed by the US military. It is the force that prevents other nationstates from invading and wiping USA out of its miserable existence. No more USA = no more USD. Military defends government and allows government to exist, government says USD is money.
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Volume and price remain relatively stable over the last week, yet the total market cap for BTC economy has increased over $1billion USD during that time. This makes me think we're going to see a rally and subsequent price increase.
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Money, in whatever form, is only as valuable as the buying power behind it; ie: what people are willing to trade you for X amount of whatever form of money it is you're trying to barter with.
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BTC will reach $1Million USD around the same time that it'll cost $5,000 for a loaf of bread at Food Lion.
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