Will we hit 100 today (Wed 27th of March) ?

[siggy]

Ive always liked the idea of SI prefixes.

millibit, microbit, nanobit for short.

But that's not what this thread is aboot.

Oooh... I will scream like a teen-aged-girl the first time I see something <appropriately> priced in nanobits...

Sigg     

[Zangelbert Bingledack]

my personal preference... mBTC to be refered to as "bit" or "bits"   rolls off the tounge really easy if you say it....  "That'l be 2 bits please"

That's kinda cool and has an "Olde Tyme" ring to it because two bits used to mean a quarter. "Shave and a haircut......two bit!" It harks back to a time when currencies didn't get debased and may help draw in the older crown who are losing their retirement funds to inflation.

The only drawback is that it doesn't have a unique meaning. "Bitcoin" can only refer to Bitcoin, but "bit" can refer to a lot of things. This is disadvantageous in terms of search engines, keyword analysis, and other things, as well as being ambiguous in some situations.

[siggy]

my personal preference... mBTC to be refered to as "bit" or "bits"   rolls off the tounge really easy if you say it....  "That'l be 2 bits please"

That's kinda cool and has an "Olde Tyme" ring to it because two bits used to mean a quarter. "Shave and a haircut......two bit!" It harks back to a time when currencies didn't get debased and may help draw in the older crown who are losing their retirement funds to inflation.

The only drawback is that it doesn't have a unique meaning. "Bitcoin" can only refer to Bitcoin, but "bit" can refer to a lot of things. This is disadvantageous in terms of search engines, keyword analysis, and other things, as well as being ambiguous in some situations.

Glad someone caught the 2 bits reference ...  and I didn't even think about the apealing to the older crowd angle..   

Not sure the ambiguity would be that big of an issue.. a lot of words have multiple meanings.. we seem to get along just fine.

Sigg

[SgtSpike]

After the previous all time high of 2011, $100 will be the biggest resistance point.
If we cross this, $100 will be a huge support.
I also hope we will make an global agreement of displaying Bitcoin not in BTC anymore but mBTC.
This will make it more attracting for new comers.

I don't like "mBTC" - too many letter smashed together, too nerdy-sounding. There's really no particular reason to hold on to the term BTC at all, in the long term; it's purely arbitrary. (True, in the short term it is useful to impress people with the growth.)

I say we just switch to bitcents. One bitcent is almost a dollar now. Perhaps the currency code symbol could be "BCT." Does that open up more possibilities than BTC?

my personal preference... mBTC to be refered to as "bit" or "bits"   rolls off the tounge really easy if you say it....  "That'l be 2 bits please"

Sigg

I seriously like that idea.  It's perfect, IMO.

BRB, going to start a Bit exchange. 

[Luno]

Cyprus banks either opening to a bank run or not opening tomorrow, most Europeans got their paycheck today!

So some cash withdrawals in Europe because of fear which fuels more fear in the european markets togther with more Europeans buying Bitcoins than ever the following days.

Yeah, double fear factor in the euro markets tomorrow and europeans buying Bitcoins the folowing days. A mixture made for a jump into triple digits!!!

[Zangelbert Bingledack]

Nitpick: wouldn't the payday withdrawals be (more than) offset by the payday payments from employers?

Or might it be that since people are going to the bank or ATM anyway, they figure they may as well withdraw some extra just in case of banking shenanigans?

[siggy]

Or might it be that since people are going to the bank or ATM anyway, they figure they may as well withdraw some extra just in case of banking shenanigans?

For exactly the above reason, most people will do 1 of 2 things:

1) empty their account
2) withdraw the max allowed

Once they have cash, then they'll figure out what they will do with it..  I'm thinking the most likely scenario:

1) pay bills
2) put rest under matress

a very few will actually look for banking alternatives... and a very few of those few will put some of their cash into bitcoin. 

Sigg

[matt608]

I would have said it would take another couple of weeks to break $100, but this news could push us there by the end of this week:

http://techcrunch.com/2013/03/27/expensify-now-offers-support-for-bitcoin-an-alternative-to-paypal-for-international-contractors/

Though I expect a pull back once breaking it, as usual.  Then we'll break it again, and again, and after a few tries we'll stay above it.

[Beta-coiner1]

Actually,we hit 100 since the 70's if you knew where to look then.

[afbitcoins]

Not a chance of hitting $100 today. Price will stay at $90 for a while I reckon. Although it could even drop down to about $60 and still be in the same uptrend. It will hit $100 soon though, like within a week or so.

[smoothie]

I told my wife on Monday that if the price reached $100 by Friday evening, I'd take her to a nice dinner with half of one.  We're both watching the price with great anticipation. 

So just a $50 dinner?

Why not a $100 dinner?