20 calls a day from large asset managers looking to invest up to $100m.

[solex]

Financial Times is reporting:

"Exante predicted that public and media interest would take off when Bitcoins were trading at $100. Managing partner Gatis Eglitis claims they are now getting 20 calls a day from large asset managers looking to invest up to $100m."

http://www.ft.com/cms/s/0/b4be7d8e-9c73-11e2-9a4b-00144feabdc0.html#ixzz2PRJpnZqI

Hope mtgox solves its ddos attacks first.

[1714241588]

1714241588

[cypherdoc]

what did you expect?

[solex]

what did you expect?

I kind of expected this, because I know that even skeptics will come to appreciate how brilliant Bitcoin is when they bother to learn in detail about it.

[wopwop]

what did you expect?

I kind of expected this, because I know that even skeptics will come to appreciate how brilliant Bitcoin is when they bother to learn in detail about it.

personally I'm starting to doubt bitcoin abit because it requires someone to pay for Energy forever and in increasing amounts to keep it alive

[Chalkbot]

what did you expect?

I kind of expected this, because I know that even skeptics will come to appreciate how brilliant Bitcoin is when they bother to learn in detail about it.

personally I'm starting to doubt bitcoin abit because it requires someone to pay for Energy forever and in increasing amounts to keep it alive

Is there another currency that doesn't?

[Matthew N. Wright]

what did you expect?

I kind of expected this, because I know that even skeptics will come to appreciate how brilliant Bitcoin is when they bother to learn in detail about it.

personally I'm starting to doubt bitcoin abit because it requires someone to pay for Energy forever and in increasing amounts to keep it alive

Is there another currency that doesn't?

http://en.wikipedia.org/wiki/Rai_stones

[Brushan]

Also, a currency without  a high level of inflation would do wonders for the enviroment and global warming if accepted globally.

[wopwop]

what did you expect?

I kind of expected this, because I know that even skeptics will come to appreciate how brilliant Bitcoin is when they bother to learn in detail about it.

personally I'm starting to doubt bitcoin abit because it requires someone to pay for Energy forever and in increasing amounts to keep it alive

Is there another currency that doesn't?

USD doesnt need a permanent inflow of ever increasing Energy to keep it's perceived value alive

[Gordonium]

Big money finally waking up little by little. Now it is time to buy as fast as possible.

[ineededausername]

Heading to $150.

[Matthew N. Wright]

what did you expect?

I kind of expected this, because I know that even skeptics will come to appreciate how brilliant Bitcoin is when they bother to learn in detail about it.

personally I'm starting to doubt bitcoin abit because it requires someone to pay for Energy forever and in increasing amounts to keep it alive

Is there another currency that doesn't?

USD doesnt need a permanent inflow of ever increasing Energy to keep it's perceived value alive

Yes it does, but that energy is exerted in the form of military spending. "How dare you say our money isn't worth anything! Die!"

[wopwop]

what did you expect?

I kind of expected this, because I know that even skeptics will come to appreciate how brilliant Bitcoin is when they bother to learn in detail about it.

personally I'm starting to doubt bitcoin abit because it requires someone to pay for Energy forever and in increasing amounts to keep it alive

Is there another currency that doesn't?

USD doesnt need a permanent inflow of ever increasing Energy to keep it's perceived value alive

Yes it does, but that energy is exerted in the form of military spending. "How dare you say our money isn't worth anything! Die!"

lol*

[Elwar]

It only needs just a bit more energy than that which would be able to attack it.

[wopwop]

It only needs just a bit more energy than that which would be able to attack it.

My comment has nothing to do with attacking it

I'm saying is that Energy must be input into the Bitcoin system at all times (and in ever-increasing as it grows because people can make a profit mining).

Because of this, someone must pay (Energy, or USD to pay for Energy) this somehow, just to keep Bitcoin blockchain viable

I'm just wondering who's gonna pay for it

Online USD banking doesn't have an Energy sink like Bitcoin does (neither does as any other form of centralized online currency based on whatever)

[SgtSpike]

Financial Times is reporting:

"Exante predicted that public and media interest would take off when Bitcoins were trading at $100. Managing partner Gatis Eglitis claims they are now getting 20 calls a day from large asset managers looking to invest up to $100m."

http://www.ft.com/cms/s/0/b4be7d8e-9c73-11e2-9a4b-00144feabdc0.html#ixzz2PRJpnZqI

Hope mtgox solves its ddos attacks first.

Good grief.

20 x $5M (nice sounding average?) x 22 (working days in a month) = $2.2 BILLION looking to make its way into the BTC market per MONTH!

$2.2B x 12 = $26.4B

At $90 (ish), we're at a $1B market cap.

Prepare for 1 BTC = $2,376.00 within 12 months.  And this is just with current demand - as the price continues to rise, more and more asset managers with even larger balances will be calling and requesting to invest in BTC.  $2,376 is just the bottom end.  O.O

[Chalkbot]

what did you expect?

I kind of expected this, because I know that even skeptics will come to appreciate how brilliant Bitcoin is when they bother to learn in detail about it.

personally I'm starting to doubt bitcoin abit because it requires someone to pay for Energy forever and in increasing amounts to keep it alive

Is there another currency that doesn't?

USD doesnt need a permanent inflow of ever increasing Energy to keep it's perceived value alive

I don't know about that, those presses are running non-stop, that shit has to be hauled around every day. Banks are converting it to 1s and 0s, then sending that back and forth until they magically have MORE 1s and 0s. Credit card companies are pumping out plastic, mailing them all over, paper transaction records are printed for EVERYONE, every month, and then *those* have to be hauled over the place. The government has to constantly find something to buy to inject money back into the system, be that toxic assets, or funding the "war on terror" which is also a huge waste of resources, etc. etc.

Meanwhile, BTC are created, transferred and maintained all under the same network. As technology advances, the network uses VASTLY less power (relative to work) CPU>GPU>ASIC, and in the future, services emerge which enable users to send bitcoins to each other without a network transaction ever taking place (think of an exchange or payment processor simply changing the balance of two user's accounts, no coins need to move until someone requests payouts).

[Elwar]

It only needs just a bit more energy than that which would be able to attack it.

My comment has nothing to do with attacking it

I'm saying is that Energy must be input into the Bitcoin system at all times (and in ever-increasing as it grows because people can make a profit mining).

Because of this, someone must pay (Energy, or USD to pay for Energy) this somehow, just to keep Bitcoin blockchain viable

I'm just wondering who's gonna pay for it

Online USD banking doesn't have an Energy sink like Bitcoin does (neither does as any other form of centralized online currency based on whatever)

Thousands of mesh solar mining rigs placed all over the country will become commonplace.

[Rampion]

Big money finally waking up little by little. Now it is time to buy as fast as possible.

It's always been the time to buy as fast as possible

[wopwop]

what did you expect?

I kind of expected this, because I know that even skeptics will come to appreciate how brilliant Bitcoin is when they bother to learn in detail about it.

personally I'm starting to doubt bitcoin abit because it requires someone to pay for Energy forever and in increasing amounts to keep it alive

Is there another currency that doesn't?

USD doesnt need a permanent inflow of ever increasing Energy to keep it's perceived value alive

I don't know about that, those presses are running non-stop, that shit has to be hauled around every day. Banks are converting it to 1s and 0s, then sending that back and forth until they magically have MORE 1s and 0s. Credit card companies are pumping out plastic, mailing them all over, paper transaction records are printed for EVERYONE, every month, and then *those* have to be hauled over the place. The government has to constantly find something to buy to inject money back into the system, be that toxic assets, or funding the "war on terror" which is also a huge waste of resources, etc. etc.

Meanwhile, BTC are created, transferred and maintained all under the same network. As technology advances, the network uses VASTLY less power (relative to work) CPU>GPU>ASIC, and in the future, services emerge which enable users to send bitcoins to each other without a network transaction ever taking place (think of an exchange or payment processor simply changing the balance of two user's accounts, no coins need to move until someone requests payouts).

most USD is created on a bank and is nothing more than a number on a database

now I hope I don't have to explain to you that costs near-zero energy to keepup

BTW Asics are actually going to make the Energy sink of Bitcoin higher, not lower
but keep saying yourself otherwise

also, a payment processor like PayPal for bitcoin defeats the core purpose of bitcoin and will kill it completely

[flaab]

If 150 is broken to the upside, prepare yourselves for a very very wild ride. It is already vertical.