Bitcoin Forum
May 26, 2019, 02:34:04 PM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: 2013-02-19 gizmag.com: 300 million dollars out of thin air: Bitcoin turns four  (Read 1596 times)
genuise
Sr. Member
****
Offline Offline

Activity: 379
Merit: 250


View Profile WWW
February 20, 2013, 12:54:34 PM
 #1

http://www.gizmag.com/bitcoin-creation-value-overview/26325/



Quote
300 million dollars out of thin air: Bitcoin turns four and approaches $30 value

This could turn out to be one of the most remarkable stories of our era – or one of the biggest scams in human history. Bitcoin, the anonymous digital currency, is more than four years old now, and a single bitcoin has gone from being worth literally nothing in 2009 to being worth nearly US$30 at current market values. Here's a quick primer on the Bitcoin system, how some anonymous programmers managed to create 300 million dollars out of thin air, what you can do with bitcoins, and a few words of warning.

1558881244
Hero Member
*
Offline Offline

Posts: 1558881244

View Profile Personal Message (Offline)

Ignore
1558881244
Reply with quote  #2

1558881244
Report to moderator
GET 25 FREE SPINS AT REGISTRATION
GET 100% BONUS ON FIRST DEPOSIT
PLAY NOW
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Akka
Legendary
*
Offline Offline

Activity: 1204
Merit: 1001



View Profile
February 20, 2013, 12:58:25 PM
 #2

Quote
Right now, it's riding higher than it ever has and spiking upwards like crazy, and there's every chance you can still make money as a speculator –

Welcome, welcome new "investors".



I wondered when we see the first of those articles. If we break our all time high, I expect to see a lot of them.
Then we will be bubbling like crazy (again).

All previous versions of currency will no longer be supported as of this update
ShadowOfHarbringer
Legendary
*
Offline Offline

Activity: 1470
Merit: 1000


Bringing Legendary Har® to you since 1952


View Profile
February 20, 2013, 01:18:34 PM
 #3

Welcome, welcome new "investors".
I wondered when we see the first of those articles. If we break our all time high, I expect to see a lot of them.
Then we will be bubbling like crazy (again).

Nothing surprising here.

This is normal with any new currency or any new market. There will be speculation, there will be bubbles. Lots of them.

FreddyFender
Full Member
***
Offline Offline

Activity: 215
Merit: 100


Shamantastic!


View Profile
February 20, 2013, 04:00:41 PM
 #4

Alastair Carnegie
Anybody see this in comments section? duh, erp derp!

FF

FreddyFender
Full Member
***
Offline Offline

Activity: 215
Merit: 100


Shamantastic!


View Profile
February 20, 2013, 04:05:26 PM
 #5

Alastair Carnegie
Anybody see this in comments section? duh, erp derp!

FF
I just read Gavin's response.

sunnankar
Legendary
*
Offline Offline

Activity: 1031
Merit: 1000



View Profile WWW
February 20, 2013, 06:27:02 PM
 #6

Alastair Carnegie
Anybody see this in comments section? duh, erp derp!

FF
I just read Gavin's response.

Yeah, too funny.


marcus_of_augustus
Legendary
*
Offline Offline

Activity: 2884
Merit: 1146



View Profile
February 21, 2013, 07:59:35 AM
 #7

Generally pretty good article for we are at in the adoption curve i thought.

The comments are quite illustrative also. Still a big range of opinions, from outright disgust (likely a manifestation of freaked-out denial) to pumped up exuberance.

" A deer in the headlights" reaction hasn't shown itself as far as I can make out ... but surely it must have gotten some people involved with money and finance wondering? ... like when the water-goes-out-before the-tsunami kind of curious wondering maybe is all this stage?

iHeartSmartArt
Member
**
Offline Offline

Activity: 78
Merit: 10



View Profile
February 21, 2013, 08:26:14 AM
 #8

I read a rare book called The Spiral Calender about stocks mimicking the "divine proportion" or golden ratio, ΦBTCΦBTCΦ
I overlapped an image of the Phi ( Φ = 1.618033988749895) golden mean ratio spiral over the same bit chart in the article and found..

the 300 million seems to be predicted by the spiral placed at the peak in 2011. I call it the Golden Bit Spiral,



You are just in time for the first anonymous digital currency. https://darkcointalk.org/
mrb
Legendary
*
Offline Offline

Activity: 1526
Merit: 1013


View Profile WWW
February 21, 2013, 09:00:18 AM
 #9

iHeartSmartArt, this technique is snake oil. I hope you realize this. A 2-year old can position and resize the spiral to match any part of the price curve going up or down. Or even sideways Smiley
Gabi
Legendary
*
Offline Offline

Activity: 1148
Merit: 1008


If you want to walk on water, get out of the boat


View Profile
February 21, 2013, 04:43:20 PM
 #10

Here is the truth:


cho
Full Member
***
Offline Offline

Activity: 155
Merit: 100


Boar with me


View Profile
February 22, 2013, 02:41:22 PM
 #11

Gabi you made my day thank you so much

1KEWxTkXPgfB9MdHJcfyoVnfHRnYEHQJPw
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!