There are only 7700K bitcoins in existance. There are 7500 coming to market every day which on a percentage basis anymore becomes less and less important. Once the issue rate halves then it will be even more dramatic. This is why bitcoin as a currency is intended to be much better than fiat currencies which get issued at an increasing percentage rate.

Paypal is a joke and it doesn't even cover all Ebay purchases. I got scammed once and it cost me about $40 for a supposed legit windows key. I was informed that the buyer protection does not apply to digital objects. Funny because the ebay ad even said it was eligible for purchase protection. Ever since then I have been very bitter about them. Good luck with trying to get your money back.

Im sure Inaba could have put windows on there and im sure OS would have been discussed as they were planning a demo. Yes it could be a bug but I still find it awfully suspicious and convenient. How could they know precisely the MH/s and power consumption if it has never been running? Sometimes things dont work as well as planned you know

It just seems too convenient that they are having problems getting it to work and keep on pushing back a working demo.

Surprise, surprise. Another delay in the demo. I will be surprised if they actually are able to show inaba it working. In the meantime I wonder if they got any 26k orders for the big box.

Except last time we were down to $2 and all the bidwalls did not exist there was still a very large invisible bidwall keeping the price there. That along with the fact we now at least appear to have 2 manipulators/big players who are on opposite sides of the asking price I would have to agree this is the bottom. How long we remain here is definitely a question now.

Its a lot of fun seeing one manipulator raise bid walls when they want to get rid of coins and the other manipulator raise the ask wall simaltaneous as to say f**k you lol. Definitely more than one big player at work for anyone watching MTGox live. Either that or one really dumb big player.

I noted earlier there appears to be more than one manipulator in the game right now and they are working against each other. As one would raise the bid walls, the other would raise the ask walls which gave us stability for quite some time. Of course this could be the collective movements of several people but with the size of the walls it at least appears to be a couple of big players.

I think the average will be somewhere around 2.59 over this time period. I expect prices to rise soon with the stability after we hit bottom.

I think the calm of the market the last 24 hours has been very strange to say the least. There has been very little actiivty in the way of up or down but we have slowly been trending upwards. The rapid swings of the previous week are much easier to make more bitcoins on lol. Either way I am expecting something big to happen in the next 24 hours.

Bitcoins are borderless and could be trasnferred and hidden in countries that are enemys of the countrys being dealt with without much effort. Still it is all very traceable but its not likke the government could step in and confiscate someones bitcoins or force them to be taken out of circulation. Such a larger system would have to be borderless and could only be enforced by the open source community as I am sure they would not bow to the will of any one country. The very art of outlawing bitcoins however, I speculate would raise prices as they become more sought after by the illegal community. I howver would rather see them become more popular among legitimate merchants and consumers.

I have been very frugal and have worked very hard but I have only been marginalized at every opportunity. Hard work has nothing to do with it and who you know has everything to do with it. Companies are under the impression you must have a masters degree in order to do anything (even menial tasks) in companies anymore. I have made 30ik per month PROFT for my company and they still saw it fit to keep my wages on the margins of society claiming the economy. I used to believe hard work and proving yourself meant something but they simply do not.

As for who told me post secondary education would get me somewhere in life where do I start? Teachers, the government, companies, television, news, etc. It is all a big lie and sadly people are getting into massive debt for school that just wont pay off. This is coming from someone who was an executive in student council at my school and worked for my teachers there as well so i have a good view on the inside of the education system. Schools are a business but are propped up by government advertising and the like.

Corporations have sadly bought into it and want you to have a masters degree in order to even do menial tasks. Maybe 10 years ago a bachelors degree meant something but today it will only get you a job at mcdonalds for 100K debt (and Im not talking about arts studies). I am very fed up with this myself and am trying to start a trade because I see now that I can have a much larger impact on society than any corporation will let me have and my pay will be a lot better than if I left it up to the greedy corporations alone.

All bitcoins can be spent the same and therfore have the same merit. Just like the dollar in that sense. Silkroad has been a bad thing because it has associated bitcoin with the drug economy. What we need is bitcoins being used for more legitimate purposes such as buying and selling computer parts, computer power, etc. There is not a whole lot of work involved with tracking every transaction as it stands now as the blockchains are all published online with blockexplorer. Those that think bitcoin is anonymous are naive at best.

So far we have 60% above current prices and 40% below. Very interesting results indeed.

LOL I am those last two. Guess I am important after all 

Thanks for your input. I think somewhere around mining prices for the average joe is the correct value. I think $30 a couple of years from now is very appropriate since the reward per block will be halved and therefore its true vision as the opposite of a fiat currency will come to be true. I agree however that current or lower market values present too much volatility and too many people with large sums of coins or money can control the market in either direction.

I hope bitcoin will turn out to be a great thing but it could very well turn out to be a terrible thing as we have seen with SR. I really hope we do not see less than $1 BTC because in my opinion it would signal the end of bitcoins.

Feel free to donate your supposed worthless bitcoin if you feel my entertainment is of value to you .

A little upset we arent heading to less than $1 BTC in all likelihood are we?

I started mining recently because I am fed up with fiat currency and the endless issuance of currency. I also recently upgraded my PC to a level that would facilitate bitcoin mining making it more viable. As for the current 2.20 pricepoint I too wonder if we have hit the real bottom. The people cheering for 1.xx bitcoins I think are only doing because they want to buy at this price or are bitter about what they have lost. I have done a bit of trading in the last few days but i have increased my BTC holdings by about 2%. I am reluctant to trade either way right now because I really have no idea which way the market is headed at this point.

Interesting that no one has yet pegged the current market value. Going by the current concesnsus which is sure to change I would say that in general people seem to believe it is worth significantly more than it is right now.