I heard a RUMOR from a friend of a friend who knows Zuckerberg personally that the Facebook guru is planning to pump $100million into Bitcoin
True or not, I don't know - but my friend is hardly a flake. I wonder what a Zuckerberg entry into the Bitcoin market would do to the price?
1% chance it's true but it's still nice to hear, if it's true he will buy outside the exchanges. $100 million still seems to be a very large amount. |
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2014: The end of the myth that bitcoin can only go up in a one year time period.
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OH MY GOD, Draper only got 2000 btc and will have to start buying on the open market, which means the winning bids were above market price, otherwise he would call the winning bidder to rebuy them with a slight premium.
That's 50,000x380$=19,000,000$ NEW MONEY IN NEW WALLETS, DO YOUR DUE DILIGENCE AND BUY BITCOIN OR BECOME THE SAME SUCKER AS FEWCOINS.
YOU HAVE BEEN WARNED
lmfao
Nice dream!! This means the winners will now be dumping and shorting another 48K bitcoin that weren't able to be liquidated before... Now they can. And will. The selling price was probably over market price (looking at Draper's statement). They won't take losses by dumping their coins. |
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People exaggerating the number of coins they have and some double counting... multiple brokers counting the coins of large clients. This is what causes the difference.
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After the next halving of the block reward, the downward pressure from miners will go down drastically.
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That means each bitcoin would be worth 81,214.0827107 per 1 btc if just the top ten internet companies used bitcoins as their store of wealth.
That is a very big if. What would happen if just one country in the top 10 economies adopted bitcoin as its official currency? |
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One word.... decentralized. That is what sets Bitcoin apart. |
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Depends on which phase you think bitcoin is in.
If it still has not reached mass adoption, we are early adopters.
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don't want to jinx it but it looks moon to me
BTC can go $500 or even more, but it won't be a straight-line ride, bear traps will be there waiting for us Going to $500 won't excite anybody. With bitcoin's volatility, it is just a hop away. |
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It is always unwise to go and stick your neck out in such a volatile asset like bitcoin.  |
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Finally someone with brain here!
It is interesting that those top addresses grow. I fill one address and then move to another. I would guess most people do the same as me. Therefore BTC ownership might be even more concentrated than it seems. Gini coeficient in BTC world will be much more crazy than in real world.
Everyone should remember for his own good: money that do not touch the market are like nonexistent. That is btw the only reason why we do not see hyperinflation in real world with fiat money. They are printed, but do not go to real economy, so prices can even decline.
I guess you should remove Satoshi from the equation before you look at the Gini coefficient. Inequality is definitely higher in the real world. |
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What are you doing differently from auroracoin?
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It is volatile now because it is still to discover its true value (which I hope will be a million dollars)
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I only wish central banks of different countries stored a major portion of their assets in gold, rather than useless dollars.
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Hi Stingle, You confirmed my application to this signature program here, but my name is missing from the list on the first page. All my applications to this signature campaign seem to be jinxed.  |
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Why would I want to get out of bitcoin? I just got into it after so much effort.  |
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It is increasing every year. With the bitcoin community growing, black Friday's importance will increase too.
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It is really more about the rule of law and what is good for society as a whole. When the government imposes taxes on it's citizens, it is effectively forcing them to pay for things that is good for society as a whole.
How can we know when a thing is "good for society as a whole"? Just try to speculate what would happen if that thing did not exist. What would happen if there were no taxes and hence no roads were built, no police force was around, etc.. |
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I agree... Bitcoin's distribution is by no means unfair. Especially, when you look at inequality in the real world. |
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