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I see their point. But they just screwed their own business model. But it does allow you to get around the 24 hr limit.
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I'll be switching my client to mBTC default when it "feels right".
Agreed. For me, that will likely be at the $1000 mark. I would also agree around the $1000 mark is the appropriate place for this. |
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Has there been any violent out breaks? Shootings? Car bombs etc?
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People using BTC as long-term savings, however, the price just depends on how much people want to save in bitcoin, so the total money supply could go up at least another couple orders of magnitude.
This, +1 Let me qualify that as to not give the impression that I am a permabull: The price can go up a couple orders of magnitude, and it might, maybe, possibly do that as we stretch our time horizon into the future, at least a few years down the road. My short term prediction is that this upward movement slows and peaks and either moves down slowly or drops a significant amount quickly before beginning a slow rise again. Possible, although it's always risky to predict the short term. I am convinced though that people will find out Bitcoin is to be preferred over an ordinary savings account, and once they do, banks, hedge funds and other institutional investors will come to the same conclusion. While it is indeed possible that we may experience another boom-bust cycle, I believe that the boom part may come very soon and will be very large. With the verification line at 8000 + for gox I would say tomorrow and the next couple weeks are going to be bringing one hell of a boom! |
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I am pretty sure when you click "Buy Bitcoin in 10 minutes or less" you are seeing paid adds.  |
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why is the value rising so much lately?
Bitcoins are still in their price discovery phase. Anything below the true future price is a discount, anything above that is a bubble. Let us know if you figure out what the true price should be. Haha true dat! |
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Blockchain.info... What is their business model? I just went through the site, scanned the twitter, and checked out the facebook page. There's no ads, no way to donate, they aren't selling anything... There's not even a mention of accepting money. Is this service just being run out of charity? What gives?
I thought they had adds. |
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Ben currently prints $118,000,000/hr. So that's, what, all of bitcoin every 6.5 hours?
Makes you realize how much more room there is for Bitcoin to grow. |
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Its funny that this past performance -> future results analysis seems to be somewhat accurate. But how else would you expect the price to go other than a series of these "bubbles". The value really is either zero or a lot. If the answer is a lot it won't be a straight line, that is for sure.
I am already expecting the current bubble to burst and then the next bubble peak to follow in another two or three years. But this is not good for bitcoin's reputation. If bitcoins shall be used for real-world trades, i.e. paying for goods and services, then we need stability. On rainy Mondays I consider bitcoin to be a first try, hopefully to be followed by something better that incorporates the bitcoin experience and improves on it. On Sundays I tend to think that these are teething problems and that bitcoin will stabilize in a few years, after all those newbie speculators have given me their money.  Why do you think bitcoin cannot "incorporate the bitcoin experience" and be improved itself? That seems like the path of least resistance. I think many people miss the social aspect of bitcoin. Anything can be changed, even the 21 mil limit. Personally if that looks like that will happen I'm out though. If they raised the 21 mil limit peoples confidence would be shattered. I would be out as well. |
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Any thoughts on where we will be by this time tomorrow? $115? $125?
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Well honestly I want to see it drop again so I can get in for the second wind rally Haha
You and everyone else... which is why it wont happen. lol Actually markets work like that if investors aren't afraid of it that is Supply and demand if something falls more is bought after all Well either way I am going to keep buying |
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Most Online Ever: 4824 (March 28, 2013, 09:20:50 PM)
FINALLY!~
Interesting. Where are you getting this number from? |
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I'm cashing out and throwing the BTC party of the Century! lol j/k
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hoooray!
god now all my family( wife, uncle, dad, cousins) is like "oh hey did you see that bitcoins went to 100" um ya ive watched it since it was at 2 bucks
and now they are like "so tell me more about THE bitcoin" oh hell! for one you didnt listen to me and lost out on a shit tone of money!!!
I was able to convince my parents, aunt, brother, and g/f to all buy in between $46 and $89. Still cant convince my grandma. They thought I was nutz when I got my first BTC at $18. haha |
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Well honestly I want to see it drop again so I can get in for the second wind rally Haha
You and everyone else... which is why it wont happen. lol |
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Yes, bought another 2 today.
We just beat the psychol. barrier of $100. Barring extremely bad news, the coming 1 or 2 weeks surely will only display a steep rise so this is an extremely good time to buy. Waiting for the next dip IMO is not worth it. Very likely, the next dip will be in the next weekend or the weekend after that and will only dip down part of the gain made in the meantime. In other words, even if you happen to guess the bottom of the dip perfectly, it will still be more expensive than today.
Good point, problem is I am still waiting for my Dwolla -> gox deposit.  |
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I went all in at $28...everyone was saying "Soon as it hits $32 its gonna crash... sell now"... this pattern will be repeated from here to $100,000.
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Great milestone. See you at 1k - which I hope won't be too soon...
Would be nice if it was next week, I could cash out a handful and take a nice long vacation |
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Second wave successfully started.
Bids still at 10mil mark, asks never went up past 50k and beginning to falter again.
I think a big wave down is coming. Based on PWT, of course. Maybe after we hit $200 first? |
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