More like $25000. They don't need verification for $500...

Dude, that is $100 million coming into the market

Silver is not a threat to gold, on the contrary, the silver:gold ratio has gone from ancient Egyptians' 3:1 to the present 55:1. So gold is a threat to silver, and likewise LTC will stay around but gradually lose its value (denominated in BTC).

Very few perceive silver as a long term value play, similarly few store their wealth in LTC. But it has its uses and speculative value.

This may be true, but I think litecoin is here to stay. Iiro is a vocal proponent, maybe he has a huuuge stast of LTC that he wants to profit from. I would maybe buy LTC at its support line in .0025, definitely not now.

Good analysis but conclusion is pure b$: if large weak hands withdraw their BTC to personal wallets, they can not sell in the exchange, and this is bullish to the price, is it not?

I tried 2 times. Truthful feedback is best:

- It took 3 seconds to load. That is 2 too much.
- I missed the animation because payment is in another tab and rolling starts right away.
- It is ful off spelling errors
- There needs to be "about" section
- I lost both bets and that sux

In 1999, there was a company in Finland doing some specialist software. About 50 employees and made healthy profit. The owners wanted to take it public. Because of the IT boom, the IPO was oversubscribed 50 times, the minimum was 200 shares and many paid for more. In the allocation everyone was given 25 shares. The company received 50,000 new owners.

Now, the adult population in Finland is 4.2 million and we know that women do not invest. So 2.4% of the adult male population (18-108 years) participated. This is a bubble.

When we have 50000 users of bitcoin in Finland, and everyone has invested a mere € 5000, the total investment is € 250 million. At these prices, it takes about € 1 million of new investment to move the price up $1. So Finland alone could warrant the price going to around $300.

And it is good to remember that Bitcoin is not a 50-employee software company.

And that Finland is not the world.

The first institutional investor just launched (the hedge fund in Malta). But it is ridiculously small, so it does not really qualify. I think we are in the middle to the right in the "smart money" phase. It is possible that we are nearing the takeoff, in the very left of your chart.

The bear trap will come when we crash from $300 to $120.

Um, just want to make sure I get the meaning... So it was the buyer that set the amount, right?

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I volunteer to buy it. Will pay $475 000. Terms: can be paid according to my choice in USD bank wire, or gold and silver at market value on settlement date (spot price + 5% fabrication charge because it is in investment products).

Both parties escrow $25 000 with a reputable old world agency.

The BTC and (mostly) silver will change hands in smaller increments so that there is no fraud risk.

Anyone?

ADD (edited): This is a preliminary non-binding proposal. If you are interested, PM me. I hope we could lock-in the price now and arrange the delivery of metals in 2 weeks time. I also have a bank vault in Estonia where some of the metal is currently. www.silverbank.net. If you don't want to take delivery of all of it just yet, it can stay in the vault until you are clear, or you can just become our depository customer. Note: I'm offering this silver up to 8% cheaper than the current market value in Estonia and 12% cheaper than that in Finland. If you prefer Euro to USD, that is even easier for me. Approximately 1/3 or half of the price would be in cash and the rest in metals.

I support this cause and use this as an excuse to buy some stuff  

As long as some player with $1 million buys them.. There are 30 million such people in the world, so it'll has to be one of them, or a combination of smaller bidders. My estimate now is that we will reach ATH by Tuesday.

Of course not, cause money does not move on weekends.

...wait a moment. It is still there in MtGox!

....and new money coming on Monday.

hmm, I better  TICK ONE: BUY / SELL

Well, currently there is not yet even BTC

When hosting such a service, it is important to be knowledgeable about the subject matter. In our team we have an expert on USD/BTC rate. We don't know squat about altcoins. Perhaps we can licence the code for you when it's ready!

In my work as precious metals dealer since 2006, I have got to know a variety of customers.

Now one of them revealed to me his plan of going all-in in bitcoin. I would like to follow your concerns to him.

As far as I know, this man (34) owns a house worth about € 400,000 and has a mortgage to about half that value. He also operates a business that does not have significant assets if realized, but is a specialist niche field and generates about € 100,000 profit per year. His wife is also a professional with high income but is 3 months pregnant to their 1st child. Their investments are in mostly in metals and also BTC, valued at least € 500,000 (this is hardest for me to estimate exactly).

He said that he thinks bitcoin will in all probability succeed and make them tremendously wealthy. Because nothing else is giving good returns just now, he thinks that there is no reason to keep money in other investments. Their financial situation is solid and both are able to generate income. They have their own house and live rather modest life as all Finns do. The investment is long term, there is no plan to use leverage or trade. Just go all-in and buy at least 15,000 BTC. I don't know what he wants to do with them when they are worth millions.

The argument that I just cannot refute is: "What is the point in having other investments that underperform, and what is the point in having cash, since BTC can be cashed when needed?"

  Faith at gunpoint...

I am aware of decisions made today that will take us to $48.60000, ceteris paribus.

Okay, I fold. I was anyway thinking of increasing my BTC stash by about $50000. Then came the correction and I was salivating at the idea of being able to buy at $30-$35. I didn't sleep at night, just waiting and waiting and spreading FUD...

Then it started going back up from $45. If you look at the daily chart, there is no correction. Just going up and up. Of course there will be dips and some day there will be crash for sure. The dips, such as the one two nights ago, will take us back maybe 3 days' worth of gains. The crash will nullify the gains of maybe latest 1-2 months (like the one in 2011 did).

If you know what we all know, it makes pretty little sense to do anything except all in (leave enough in silver that you can live comfortably if BTC goes to 0, of course). I am planning to do just that in the coming weeks and I still hope for $30-$35. Today was the deciding factor - up until today I thought there is some coins in the bears' hand that they can sell. Today I realized that the number of bears increased just because more and more people that speculatively sold already, and USD is now burning in their hands. BTC is going up long term for sure. The bears will buy back or be forgotten.

Sorry fella bears that I put the buy orders there. My friend told that I will hurt the ability to buy, if you show it, but I don't know how to use bots

Sorry also for the mini runup. I was panicking

If only I knee-eew if this is a false breakout or real one. Would be so cool to short from the top of the hill all the way to $27.04! 

Thanks

I also would like such a thing to exist so I'm trying to create one