Bitcoins will most likley have value for a long time since there will allways be a need to transfer money across the world anonymously and with almost no fees.

As long as there are drugs to buy with bitcoins. Someone will want them.
As long as there can be use for bitcoins, someone will believe in them.

The first real scarce digital asset was domain names.

Some domainnames were bought for $10 and are now sold for millions of dollar.

They are not backed by anything. Except that they are useful.

Bitcoins are the worlds first internet cash.

Yes it was kind of a what if and thats why I was wondering how many miners vs investors/speculators there are allready today.
And how many new, if any are required. But fact is that there needs to be probably atleast $14x 2 million more in capital over the year.
 

Just a thought.

If there is say 2 million bitcoins produced this year and most of them are sold.
Bitcoin needs to get a 28 million dollar in investment each year to hold a price of $14 for each coin plus you also have a couple of million bitcoins that others want to sell. Say the double $50 million in new money could perhaps be enough, since not all mined bitcoins will get sold.

If there are 100.000 each investing in avarage $500 the price could perhaps be kept.

I wonder how many miners vs investors/speculators there are allready today.

The time before the price will probably increase because buyers will expect the price to increase and start buying and miners will hold for the coming price increase, to sell at a higher price.
Once the difficulty does increase, there will be huge sell offs so the price might acctually drop at first instead of rise, this will make even more sell in panic, since they will be taken by the drop when they expected an increase.

Once this settles price will start to increase over the months.

Money is just that. Its a symbol of time. And the rich can allready live longer since they can avoid stress, work less, get better medical care etc.

Since removing the fee is not possible out of security. To protect the network.

Why not have a fee based on percent ? Is that not possible?

If bitcoin is supposed to make microtransactions the fee cant eat up that transaction.

Unless its somehow possible to solve with open transactions software.

Are you sure they were released, and its not that they havnt been shipped yet?

Its in the summer features!

http://uploaded.to/news/96/The+uploaded+summer+features

Just a thought about how rare they are.
It only takes a few people to believe in bitcoins for them to go out of supply.

Thats how rare they are.

According to this site:


http://money.howstuffworks.com/how-much-money-is-in-the-world.htm

In July 2009 could expect to find around $8.3 trillion in existence.
By now there should be even more and thats "only" USD...Thats back in 2009...

By now, it might be the double!

So thats each coin worth $2300,000.

Perhaps around 1/4th of the worlds money supply is kept in $?

So 4 x $2300,000 = $9200,000.

So if a bitcoins gets worth 1/1000 all the money in the world, each one would be worth around $9200.

And then there is gold...And not forget silver...

Makes $13 sound quite cheap...

Whats really needed is a payment terminal solution for real shops. Go out and ask any small shop owner if they like to not pay a Visa card fee, and they will love the sound of it. But they need an easy way to accept bitcoins.

That would also drive the value of bitcoins up.

Open transaction and bitcoins are the two coolest thing to ever happened in the economic history.

As I said earlier, Mtgox does not have any Euro deposits this week! This will bring down the amount of cash this, and into next week. Bringing down the price!
So its a good to to buy now, and a bad time to sell.

If its correct that the value up until 21.5 Usd is 554868 USD in total.

Its just around 1500 persons spending an avarage of $370
Or 3000 buying for an avarage of only $184.

Consider that a lot of people here allready do buy at this price and there will be more new buyers each month.
Its very easy for the price to go up to $21.5

Wireless Cameras with a sign will lower the probability of something happening.

You are doing good!

You still need to work on the end line.

Bitcoin is a success because of you.
That does not really do it, its not a success...Yet








 

Mtgox has no bank for european banktransfers this week. They do have bank transfers from GBP. But still a lot of transfers are in Euro.
This will make the prices go down this and into late next week.

So now is the time to buy before those money starts rolling in again.

My gf wants that mask, in case you sell it.

You must skip the.

They only way for bitcoin to succeed.

It makes it sound like bitcoin is a really bad investment.

Tell people why bitcoin is for them.