I used to play a lot of poker. Even semi-professionally for a while. I'll never forget the "boom switch" that was flipped on when an "average Joe" named Chris Moneymaker won the World Series of Poker in 2003, for $2.5 million, on a $40 initial investment... People eat that shit up. Everyone wanted to get involved all of a sudden. We could be priming for a huge bubble, which hopefully doesn't undermine Bitcoin's real value and innovation - not as a "get rich quick" scheme. I suppose only time will tell. http://en.wikipedia.org/wiki/List_of_World_Series_of_Poker_Main_Event_champions (notice entrants after 2003) i find your reasoning convincing. this will get a lot of people curious. more stories like this will pop up, the media will love it. much faster than the bitcoin protocol will be used mainstream, bitcoin as a speculative asset will hit the streets and become popular. thatīs how new people get involved. love it or hate it, it is this crazyness about bitcoin gaining such incredible value in less than 5 years that will cause a boom, not its technological elegance. people may think that it canīt rise at the same rate, but even a slower rate would still dwarf what they get from classical investments in less than 5 years. Except that poker is fun. Buying Bitcoin is some complicated and boring shit. Moneymaker was just a small part. The World Poker Tour was on air at the time and that took off like wildfire, as did online poker rooms. It was perfect storm for the competitive U.S. egos. I was in the middle of it - actually opened a poker room in CR, which I later sold. I would not call this comparable to Bitcoin. Bitcoin could become as popular as poker on day, but it will be a much slower grind. lol, we have things in common about poker  your description about the perfect storm is correct but it only attracted poker playersbitcoin attracts gamblers and many more. if it starts getting crazy like the poker wave, what do you think the price will be ? several k ? what signal would that send to the worlds 12 mio millionaires, to all institutional investors, to all deep pockets, to all those people that always resisted buying bitcoins ? letīs just hope the exchange infrastructure can cope with it. a larger chunk of the world economy will sooner or later migrate online via bitcoin price expansion. |
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I used to play a lot of poker. Even semi-professionally for a while. I'll never forget the "boom switch" that was flipped on when an "average Joe" named Chris Moneymaker won the World Series of Poker in 2003, for $2.5 million, on a $40 initial investment... People eat that shit up. Everyone wanted to get involved all of a sudden. We could be priming for a huge bubble, which hopefully doesn't undermine Bitcoin's real value and innovation - not as a "get rich quick" scheme. I suppose only time will tell. http://en.wikipedia.org/wiki/List_of_World_Series_of_Poker_Main_Event_champions (notice entrants after 2003) i find your reasoning convincing. this will get a lot of people curious. more stories like this will pop up, the media will love it. much faster than the bitcoin protocol will be used mainstream, bitcoin as a speculative asset will hit the streets and become popular. thatīs how new people get involved. love it or hate it, it is this crazyness about bitcoin gaining such incredible value in less than 5 years that will cause a boom, not its technological elegance. people may think that it canīt rise at the same rate, but even a slower rate would still dwarf what they get from classical investments in less than 5 years. |
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The drop is imminent, but it remains to be seen if there will be 3 drops in relatively quick succession or just 1 followed by a slow recovery.
to all those drops/downswing/bursting/correction/etc/etc bubbles talking: 30 day average gox $: 166,- currently at 208 $ 30 day average bstamp $: 154,- currently at 199 $ smells rosy, nothing rotten here |
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those guys are 4 x the bitcoin market cap. http://www.rovio.comwe are at the beginning of the "e" in early adoption |
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Have to say your signature is really annoying, too shining.
sry for ot: how can i get my sig to become MORE shining ? |
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TL;DR: At present only 120,000 people in the world (1 in every 20,000 people with the capability to do so) have a bitcoin holding valued at least $1,000.The intent of this thread is to find out and update the statistic on how bitcoins as investment/holdings are distributed according to the size of actual holding (note that this differs from the largest addresses -list). The intent is not to try to identify individual holders or the size of their holdings. Assumptions and conventions: - Bitcoins are overwhelmingly controlled by individuals (ie. no significant corporate/public sector holdings exist); if bitcoins are held by an institution, they are credited to the beneficial owner(s) - The brackets are logarithmic; the highest bracket is BTC10,000+, second highest is 1,000-10,000, etc. The consensus is as follows: 26. Oct 2013
| #People | #Bitcoins | #TotalBitcoins | | 50 | BTC10k+ | 2.9M | | 1100 | BTC1k-10k | 3.1M | | 12k | BTC100-1k | 3.3M | | 58k | BTC10-100 | 1.8M | | 110k | BTC1-10 | 0.4M | | 110k | BTC0.1-1 | 0.1M | | 57k | BTC0-0.1 | 0.0M |
Total: 11.5M bitcoins, 350k owners 120,000 people own bitcoins that are valued at more than $1,000 ( BTC5 or more). compare this to the actual numbers of fiat-millionaires in the world: A record-breaking 12 million people around the world were millionaires last year, with the US experiencing the biggest jump in super-rich residents. bitcoin is strong but very very tiny. imagine it being strong and big/mainstream. every single bitcoin owner will have a blast. http://www.telegraph.co.uk/finance/personalfinance/expat-money/10158420/A-record-breaking-number-of-millionaires-in-the-world.html |
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That's the thing, Bitcoin is still in the grey aera, a couple countries made comments...
Thailand--> forbiden
Germany--> partially tax-free
Bitcoins are not illegal in Thailand, and you're supposed to pay sales tax on them in Germany. concerning germany: no, there is no vat on btc (like when you buy silver, there is 19% vat added to what you have to pay for your silver) also, there is no capital gains tax on btc when you hold the coin longer than a year. (in difference to stocks, where you have to pay such a tax, no matter when you cash out) when you pay something with btc, you still have to pay the vat that is on the item you buy. paying with btc doesnīt erase the vat on the item you buy. so bitcoins tax status in germany is better then silver or stocks or other forms of investment. |
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$1000 will be after next reward for block halving IMHO.
no, by then it will be on its way to $10 000... |
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welcome prophetx and Nagan ! we count on you @prophetx: ticket sale will beginn in december 2013. since you posted here a ticket is reserved for you for 1 btc |
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i have several jupiters hosted by knc that i may sell if the price is right. they are currently hashing at +525 GH/s, hosting (electricity, maintenance, firmware upgrade) is covered until 30th of april 2014. once deal is settled you can start mining instantly. no messing with shipping. will not sell below 43 btc per jupiter |
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i am considering selling my jupiters, hosted by knc until end of april 2014 for 45 btc each.
the advantage is that energy + psu is included, no shipping, no waiting - if we make a deal you start mining instantly.
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My point exactly. Given the economies of the world are replete with vehicles for financial speculation, why does Bitcoin need to exist? Quite clearly it isn't a currency, nor ever likely to become one, it's just the latest financial product sycking up real wealth into its zero sum game.
Currently there are very few ways to store wealth that is non physical, resistant to theft or confiscation, somewhat anonymous, easily divisible and transportable. There are ways that fulfill some of those things but bitcoin fits them all. Oh, but there are countless. There are tens of other crypto currencies, a handful with market caps running into millions of dollars, all offering the same thing as Bitcoin. These competing 'currencies' are generally derided by the Bitcoin cultists because they identify them as scams. Of course all they are doing is the same thing Bitcoin did; turning intrinsically worthless number crunching into a simulacrum of wealth. if you donīt believe in the game we play, why bother players forum  |
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wow, curious....  |
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I'm in.
Might want to consider a party on each continent?
Tokyo
Berlin/Munich
Los Angeles/San Francisco/NYC
Buenos Aires
Cairo
etc etc
timing is the key problem even with just one party. to coordinate parties all over the world will be very hard. most likely it would be more like a chain of parties then. |
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may i dj for you guys then? every now and then i'll put in the beep from the blockchain lol
dear Zakryze, i must admit i have overlooked your kind offer. is there a way for me to listen to your sound ? |
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Sounds like fun, put me down  welcome to a nice ride |
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You know, instead of free entry for women, or attracting women with wealthy guys and sports cars, why don't we just spend the next few months (years?) focusing on getting more women actually interested in bitcoin? That would be quite a bit less sexist. Plus if you meet single bitcoiner women there, you'll already have something in common.
you are very right about this. imho it is almost impossible not to fall into sexism pitfalls when dealing with a +95% male forum. |
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