Anyone else that has a surreal feeling? I thought I was staying cool under all of this, but today is just too much  . Nah, this is going exactly as I predicted. In fact, it's about time to speed things up a bit, I'm getting bored. The Bitcoin Singularity is NEAR! |
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won't happen. There is a coordinated crack down in all of Europe on offshore holdings France Spain Italy, you name them. Lists are published daily about politicians high profiled individuals, but Bitcoin is flying under the radar as it doubles every few days?
Aren't you contradicting yourself here? Exactly. |
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Truly great. Looking forward to next one. I am already hooked.  |
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3) No shirt to scare the bears away
Oh, is it that what it takes?  |
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Working and watching Bitcoinity.  |
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Finally some goold old upward action!
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Just imagine if you have 1 bitcoin at the moment you are in 10milion club on planet with 7 bilion people..
Hopefully there'll be no successful businesses that require many thousands of transactions processed per minute -- because BTC can't handle that. Yet. |
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Of course there is also the risk that bears that sold their Bitcoins early will attend suicides if the price will hit 100K$/BTC.
Well played Atlas, well played. Seriously, I am not Atlas. Althought I love Atlas Shrugged. |
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Of course there is also the risk that bears that sold their Bitcoins early will attend suicides if the price will hit 100K$/BTC.
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21 million times $160,000.....
It is estimated that there is roughly 30 trillion dollars in Tax Haven Bank accounts alone... |
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I think it's rather that what we are seeing now is the IPO of Bitcoin.
Something that I don't see mention often, is that there must be hundreds, if not thousands of Silicon Valley tech investors and app/sw millionaire buying into BTC because they can see the potential, and they have insider knowledge of all the apps and sw that is being developed for BTC.
I would bet on that too. |
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WARNING! WARNING!
Only invest time or money into USD or Euro that you can afford to lose.
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Oh well, seems we have to wait another day before we see $200 on the boards.
I wouldn't be so sure about that. |
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For every practical purpose you can say that Bitcoin price can go up forever. Just think if al lthe money now in gold and tax haven accounts would come to Bitcoin. Bitcoin price would expolode to almost unimanigably heights.
That's not the problematic part to imagine, the problem is imagining the energy needed to run the network. $ price - $ estimated energy costs (per day) 100 - 0.2 million 1000 - 2 million 10,000 - 20 million 100,000 - 200 million and at the magic price of 2,760,000 bitcoin uses the total electric power generated in the world. ($0.1 per kWh, 2.3 TW total world electric power usage) At this point we are probably building bitcoin miners directly at the top of oil rigs. Do you think that Ben and co. are printing money with no energy costs? I am pretty sure that Bitcoin is one of the most efficient currencies when it comes to energy costs to run the whole system. |
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That is exactly what I have been saying. Once we can purchase almost everything with Bitcoins, people will spend Bitcoins because they won't hold any fiat money.
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