caveden
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Activity: 1106
Merit: 1004
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April 12, 2011, 07:39:35 AM |
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Just a bit of fundamental prospective, The Bitcoin economy size was much smaller when we hit the $1.1 peak. At that time the amount of good and services offered by the economy, by my estimation supported around a 10c price. So there was a 10x speculation.
How do you come with such a guess? No offense, but this looks no more "fundamental" than astrology... Do you consider, for example, that the simple fact that bitcoins are a good way to protect yourself against inflation is a "service" of its own? IMHO, the main "fundamental" factor driving bitcoins prices is the number of people who understand about it and who also happen to understand how bad fiat money is. The more people that knows that, the higher the price of bitcoins will go... |
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da2ce7
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Activity: 1222
Merit: 1016
Live and Let Live
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April 12, 2011, 08:09:16 AM |
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Just a bit of fundamental prospective, The Bitcoin economy size was much smaller when we hit the $1.1 peak. At that time the amount of good and services offered by the economy, by my estimation supported around a 10c price. So there was a 10x speculation.
How do you come with such a guess? No offense, but this looks no more "fundamental" than astrology... Do you consider, for example, that the simple fact that bitcoins are a good way to protect yourself against inflation is a "service" of its own? IMHO, the main "fundamental" factor driving bitcoins prices is the number of people who understand about it and who also happen to understand how bad fiat money is. The more people that knows that, the higher the price of bitcoins will go... All astrology, I'm quite good at it actually.  |
One off NP-Hard.
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LZ
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Activity: 1722
Merit: 1072
P2P Cryptocurrency
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April 12, 2011, 01:50:04 PM |
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It seems that the exchange rate may exceed $1 soon again.  |
My OpenPGP fingerprint: 5099EB8C0F2E68C63B4ECBB9A9D0993E04143362
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kiba
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Activity: 980
Merit: 1014
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April 12, 2011, 02:07:23 PM |
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It seems that the exchange rate may exceed $1 soon again. And we will have a bigger economy to support it too. |
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S3052 (OP)
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Activity: 2100
Merit: 1000
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April 12, 2011, 05:43:07 PM |
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Freemoney and bitcool:
Will do 50 btc with each of you.
On silver spot price trading below 30 at least intraday before may 31, 2011.
Consider it booked. I just want to know what source you consider valid for this. I watch Kitco, don't know if that's lame or rigged or whatever. Booked. I am fine with whatever source, as long as it tracks New York SILVER SPOT. kitco is fine, see link: http://www.kitco.com/charts/livesilver.html#ny |
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bitcool
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Activity: 1441
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Live and enjoy experiments
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April 12, 2011, 06:30:31 PM |
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Freemoney and bitcool:
Will do 50 btc with each of you.
On silver spot price trading below 30 at least intraday before may 31, 2011.
Consider it booked. I just want to know what source you consider valid for this. I watch Kitco, don't know if that's lame or rigged or whatever. Booked. I am fine with whatever source, as long as it tracks New York SILVER SPOT. kitco is fine, see link: http://www.kitco.com/charts/livesilver.html#nySure, I am in. |
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S3052 (OP)
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Activity: 2100
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April 12, 2011, 08:41:26 PM
Last edit: August 04, 2017, 07:34:32 PM by S3052 |
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LZ
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Activity: 1722
Merit: 1072
P2P Cryptocurrency
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April 12, 2011, 10:33:42 PM
Last edit: July 16, 2020, 10:20:30 PM by LZ |
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My OpenPGP fingerprint: 5099EB8C0F2E68C63B4ECBB9A9D0993E04143362
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S3052 (OP)
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Activity: 2100
Merit: 1000
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April 13, 2011, 06:40:18 PM
Last edit: August 04, 2017, 07:34:39 PM by S3052 |
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BitterTea
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April 13, 2011, 07:21:03 PM |
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I bought some MTGox credit from mndrix last week, and I was planning on holding it for another drop in the exchange rate. Well, after reading your special update on the 11th, I decided to buy at the current price. I suppose you deserve another donation for that.  |
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S3052 (OP)
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Merit: 1000
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April 13, 2011, 07:28:19 PM |
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I bought some MTGox credit from mndrix last week, and I was planning on holding it for another drop in the exchange rate. Well, after reading your special update on the 11th, I decided to buy at the current price. I suppose you deserve another donation for that. Thanks so much. I am happy if my followers are happy. I may not always be right, but I am trying all the time. |
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LZ
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April 14, 2011, 01:50:25 PM
Last edit: July 16, 2020, 10:30:25 PM by LZ |
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My OpenPGP fingerprint: 5099EB8C0F2E68C63B4ECBB9A9D0993E04143362
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S3052 (OP)
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Activity: 2100
Merit: 1000
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April 14, 2011, 09:27:18 PM
Last edit: August 04, 2017, 07:34:46 PM by S3052 |
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nster
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April 14, 2011, 09:41:37 PM |
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We actually did hit 1$ on Mtgox (yesterday morning), and we are on it right now!  |
167q1CHgVjzLCwQwQvJ3tRMUCrjfqvSznd Donations are welcome Please be kind if I helped |
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S3052 (OP)
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April 14, 2011, 09:43:25 PM |
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correct, as I have stated in the report:
"As forecast, BTC/USD have indeed broken impulsively above 0.8$ and also above 0.9$, which paved the way to PARITY again."
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nster
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April 15, 2011, 03:06:13 AM |
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correct, as I have stated in the report:
"As forecast, BTC/USD have indeed broken impulsively above 0.8$ and also above 0.9$, which paved the way to PARITY again."
I thought I saw "which will pave the way to parity again" sorry, read too fast   |
167q1CHgVjzLCwQwQvJ3tRMUCrjfqvSznd Donations are welcome Please be kind if I helped |
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nster
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April 15, 2011, 07:05:19 AM |
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we hit 1.08$ Soooo close to the all-time high |
167q1CHgVjzLCwQwQvJ3tRMUCrjfqvSznd Donations are welcome Please be kind if I helped |
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wobber
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April 15, 2011, 07:13:01 PM |
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And it seems is going down again...
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If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
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slush
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Activity: 1386
Merit: 1097
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April 15, 2011, 08:39:47 PM
Last edit: April 15, 2011, 08:52:20 PM by slush |
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And it seems is going down again...
You are sooo impatient . Corrections are natural, even more when market is on all-time extremes. And every correction is good chance to buy more bitcoins for great price! |
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da2ce7
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Activity: 1222
Merit: 1016
Live and Let Live
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April 16, 2011, 01:17:42 AM |
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Yesterday was our biggest trading day of all time. In total almost $50K was traded. Leading the price only $0.02 lower. Exciting times
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One off NP-Hard.
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