That does the bottom graph show?

http://bitcoinity.org/markets

Any fans of Rand's philosophy here?

http://www.slate.com/articles/news_and_politics/view_from_chicago/2013/04/bitcoin_is_a_ponzi_scheme_the_internet_currency_will_collapse.html

Any mistakes in this article?

What is the name of the unsuccessful recordings that are sometimes included on movie DVDs?

It is past 2:00 AM UTC now...

Bitcoin has increased all too quickly over the past weeks. A major correction like this is just what one would expect. No worries. Bitcoin will rise again. Hopefully in a more healthy pace. Buy cheap coins while you can.

What will the price be on April 11 at 9:15 PM EST (New York time)? Take a guess!

Deadline: April 10 at 9:15 PM EST.

It only fell to 105, and shot back to 190 within minutes. People started buying the cheap coins like crazy. Does not this promise well for the future of BTC?

Why are there so few millionaires investing in Bitcoin? Millionaires are rich because of their smart investments. If Bitcoin were such a great investment, we would expect more rich people to be attracted, right?

[Medium of exchange]

Currencies must be:

- scarce
- a medium of exchange
- durable
- evenly divisible 
- widely accepted as payment
- used as a standard of market value, thereby enabling users of the currency to save money for later use.

Let's see how Bitcoins perform against gold.

Scarcity

Both are scarce. Gold is naturally scarce, while bitcoins were created to be scarce. The amount of Bitcoins is fixed, while new findings of gold gradually increases the amount of accessible gold. Bitcoins 1, gold 0. On the other hand, one can know for sure that new Bitcoins will never be generated. A possible criticism of Bitcoins is that it can be outcompeted by another cryptocurrency (or another solution), and therefore lose its value. Gold, on the other hand, is not likely to be outperformed by other precious metals. Bitcoins 1, gold 1.

Medium of exchange

Bitcoins perform well as a medium of exchange. They are are accessible as payment through computers and mobile devices connected to the Internet, it acts efficiently as both a currency and a payment system. People can exchange (or save) them anonymously. Exchange of gold, on the other hand, is more cumbersome. It takes days, of not weeks, to transport gold overseas, for example. Bitcoins 2, gold 1.

Durable

As a digital currency, there is no risk of breakage or other deterioration. Bitcoins are extremely, if not infinitely, durable. Gold qua gold is also extremely durable, but gold coins may suffer from physical damage, and require casting, verification, etc. Bitcoins 3, gold 1.

Evenly divisible

Each Bitcoin is of identical character and quality as the next. It is extremely simple to divide a Bitcoin into subunits. Dividing gold, on the other hand, is much more cumbersome. Bitcoins 4, gold 1.

Widely accepted as payment

Bitcoins are not yet currently widely accepted, although it becomes more accepted every day. Will it be accepted in the future? It is still too early to know. So far gold outperforms Bitcoins by far when it comes to acceptability.

Conclusion: Bitcoins have a number of advantages that gold does not have, but it is still too early to know whether Bitcoin will be established as a major currency or whether it will collapse.

"While bitcoins are designed so that they cannot be hyperinflated in name, they certainly can be hyperinflated in substance. Already, there are numerous knockoffs such as litecoin, namecoin, and freicoin in place."

How would you debunk this argument?

http://mises.org/daily/6401/Bitcoin-Money-of-the-Future-or-OldFashioned-Bubble

I think so. How about you?

Is it true that Litecoin will be on MtGox soon? Has there been announced a date, or is it just speculations?

And finally: what is the need of LTC when we have BTC? To me it seems like a copycat currency.

https://mises.org/daily/6399/The-Moneyness-of-Bitcoins

What is your take on this?

If you had 50 bitcoins and 10,000 USD, what would you do? Sell and wait for correction? Buy and wait for price increase?

I have always heard that money has to be a tangible good. Some people even say this is economics 101.

http://monetary-metals.com/gold-redeemability-bitcoin-and-backwardation/

And what do you think of this article?

I have always heard that money has to be a tangible good. Some people even say this is economics 101.

The bubble has burst, but where will the correction stop? My bet is 30. What do you think?

Wouldn't a P2P-currency with a built-in peg to gold (e.g. a mechanism that checks the gold price and generates more coins when demand increases and subtracts them when demand decreases) be more stable than the speculation-driven Bitcoin?

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Is it a scam?