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Maybe in a few months, or maybe several months. If it happens within a few weeks we wont stay there long before swinging back down.
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Original GroupBuy thread: https://bitcointalk.org/index.php?topic=157930.0Auction is for 15 BTC worth of shares in CoinHoarder's avalon group buy. Bidding starts at 1.9 BTC per share. Only bid in 0.1 BTC increments or greater. Please bid in terms of BTC per share e.g. 1.9 (not 28.5). Bidding ends on Tuesday 16th April 2013. I will PM winner with details. Good luck. |
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Original GroupBuy thread: https://bitcointalk.org/index.php?topic=157930.0Auction is for 15 BTC worth of shares in CoinHoarder's avalon group buy. Bidding starts at 1.9 BTC. only bids in 0.1 BTC or greater. Bidding ends on Tuesday April 16th. Good luck. |
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There are better exchanges, just use bitstamp instead instead.
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Did I miss an opportunity? At what point would you say is too high to buy?
In the future I'd reccomend toking up after you've invested.  |
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I'm not saying that one should lie about bitcoin, but one should explain bitcoin in all of its glory about how it can change the world.  Yes one should if one feels like it, but one should do so while remembering that one isn't actually spreading the good news because of the goodness of their heart, but because of their desire to more money, or at least there's a mixture of the two reasons. |
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All hypothetical of course.
Due to the high price of bitcoin, will that affect the silk road? Will people turn to different markets that deal with "proper" money [ducks and runs for cover] and hoard their BitCoin causing deflation?
Are there any figures?
It would just mean they see a higher usd figure in their account and see they have more to spend on drugs so they buy more, I would imagine. |
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It's definitely worth buy a small amount just for the 'what if' scenario. What if they went to $10k a coin and you got nothing. That might be worse than putting it all in and losing it! Or it might not, depending on how much other money you have.
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Lets do it! Voted and commented.
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That actually isn't such a bad idea, in fact it's great. BTC<->Gold but not in the form of physical ownership, not till you decide to "withdraw" at least.
It is an idea we (Tangible Cryptography not MtGox) have been discussing at owners meetings. Of course taking physical delivery would be an option also. Something like this https://www.bullionvault.com/ but obviously on a smaller scale, with the gold reserve held by a trust in a private vault with periodic audits. Actually it would be beyond awesome if bullionvault simply added BTC as a market. The commodity side is the hard part and they already have all that in place. I've just emailed BullionVault asking if they will do such a thing, as I would like to put a little portion of my bitcoins into silver and I'm sure many of us want to do the same. |
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I'll throw in a guess at $1750 per BTC this time next year, though we could have smacked up against $2000 and corrected down within that time.
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Just read the PPcoin paper, seems quite complex. Little energy consumption and inflative, sounds more like a fiat currency
There are huge problems with cheap and inflative money, that's the reason bitcoin is so different, it is designed to be an expensive and deflative currency. One of the most foundamental support for bitcoin's value is its energy cost, current value is an estimation of the total energy cost for daily output
If you don't use any energy to create the money, then the money itself worth nothing, just like fiat
That's not true, 'fiat' is worth a great deal, you may not like it but you can buy anything with it. The world is run by it. I see ppc as high risk high potential gain. I'm have 5% in PPC, 10% in LTC and the rest in BTC |
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Since 0.8 it became perfectly possible to run Bitcoin with its data dir in an USB disk, so I'm currently doing that to save space in my main disk (which is quite small). Concerning your question, It's currently growing at no more than 250Kb per block, with ~144 blocks per day that should be at most ~36Mb of daily growth (it's actually less than that, not every block's hitting 250Kb). After May 15th, that growth rate might rise. It will take a hard-fork change for it to rise above 144Mb per day though, due to the 1Mb cap. You can follow the total size here: http://blockchain.info/charts/blocks-sizeI have an external HD and have a back up on there. So are you saying I could delete (  ) the copy on my laptop and just have the HD version to save disk space? I suppose that would make sense I just never thought of it. Don't think I will as it's less risky to just delete more other stuff from my laptop and make a backup of that rather than just have 1 copy of my wallet. |
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(bump) Please feel free to post the details for the planned fix when ready, given you appreciate any external review.
The protocol upgrade involves replacing the proof-of-stake difficulty as the hash modifier for proof-of-stake (we call it stake modifier). The new stake modifier is 64 bit and derived from about 9 days worth of blocks after the coin generating the stake. When I get some time over next week I would talk a bit more about how it works. Has any progress been made with this? |
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It's BITMAN and he can be travel via computer to any other computer in the world at any time, even on bank holidays!  Then there'd be his sidekick, "CONFIRMATION MAN", who can do the same thing but it takes him a couple of hours. |
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Right now, many of you are saying that this kind of growth cannot last forever, and that may be true. However, it is true without a shadow of a doubt that Bitcoin, if successful, will be worth a great deal more in the future, and to get there, we simply must have dramatic rises such as the current one. Thus, crashes will not last.
This is not 2011. The end of the rally will be more like January or August 2012. A panic sell happens at $500, for example, and for two months, people will be depressed as the price just slides down, but overall, stability is much better, and liquidity improves in the markets. The fall stops at $350-400, and then we have a consolidation period where we rise into the mid-high $400s and stabilize for a few months. Then, good news arrives in the form of increased adoption, beginning the next leg up.
The 'bubble' will not end with a bust, it'll end just like the previous two 'bubbles': more adoption, better fundamentals, better liquidity.
I agree, there's more down and ups to come, but as usual we'll end up much higher off. I can't hope to predict at what price those tops and bottoms are so I'm holding tight, as I have done since $14. |
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Do people actually think namecoin is going to get put up on mtgox just because of this? I mean, it doesn't even have it's own silk road, it's too primitive to be put up on MTGOX. Would it even survive if that happened? Can a cryptocoin network be 'crashed'? Maybe litecoin will still be put up, but I doubt namecoin will... anytime soon at least. And also Mtgox are taking a long time to get together with coinbase, so they are slow, so it could be a while before litecoin is even adopted, giving plenty of time for the price to go down. |
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… Since real-world bitcoin use has not increased by much since before the bubble, … "by much" - much relatively (% increase in users, transaction, merchants) or absolutely (No. of users, transaction, merchants)? It is difficult to get at precise data, but when you look at actual, real-world bitcoin use to pay for goods and services, you see mainly Silk Road, Satoshi Dice, and a few others. Who is paying with bitcoins at namecheap.com or wordpress.com? Very few, an insignificant fraction of their customers. And don't believe for a moment that Cypriots and Spaniards are buying bitcoin to flee from the euro. If anything, they buy gold or simply transfer their money to foreign banks. The Cyprus myth has had an effect though, it made more newbie speculators buy bitcoin. So by how much has real-world use of bitcoin increased? Before the bubble, real-world use justified a bitcoin price of $2. If that real-world use had indeed doubled since then, it would now justify a price of $4. Then you have some long-term speculators, who keep the price somewhat higher, simply because they believe in a fair chance for a bright longer-term future for bitcoin. I am one of them. I bought bitcoins at $10. I might be tempted to buy some more if the price falls back below $20, but that's about it. Bitcoin will not live forever. It may get cracked. It may suddenly be superseded by something else. It may get stuck in its own technical problems because of its inability to handle a much higher number of transactions than it can barely handle today. It may get destroyed by its enemies. Its grand idea will certainly live on and may never go away again, but its first incarnation may not live for very long. That said, I'd be very happy if I could still use bitcoins 10 years from now. Have you not seen silk road? There are many thousands of sellers, it's huge and growing, it's WAY more than doubled. |
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