BlueTemplar
Full Member
 Offline
Activity: 164
Merit: 100
Gone for a minute now back again
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November 09, 2013, 12:22:23 AM |
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Oh and some wild musings about how high bitcoin could go...
Monetary supply is about 12 T$.
Max bitcoins in existence : 21 M BTC.
If bitcoin ever becomes pervasive like the Internet :
BTC could reach 12T/21M=~600 000 $ (2013 $) give or take an order of magnitude!
Sadly I think we won't have an Internet by the time bitcoin could reach it's full potential, so it's value will effectively end up as 0. (but so will the $, and 0/0=undefined!)
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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crazy_rabbit
Legendary
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Activity: 1204
Merit: 1001
RUM AND CARROTS: A PIRATE LIFE FOR ME
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November 09, 2013, 12:31:47 AM |
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Honestly I'll be concerned if the current growth rate on the weekly chart continues for more than another week without some consolidation. In April we had two > 30% weeks followed by a 45% week before the crash.
Current week is +35% with one day left to go.
Is that the first week, the second or the third? If it's +35% the first week then I'm still happy. |
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aminorex
Legendary
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Activity: 1596
Merit: 1029
Sine secretum non libertas
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November 09, 2013, 12:32:24 AM |
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too many chinese. too few bitcoins. someone is making a lot of money by selling for $350 in china and buying for $330 in europe.
when the chinese buyers decide to take a profit, you had best be headed the same direction, faster.
meanwhile, if the same number of bitcoin are bought in the lit market today as yesterday, then the price will go over 3000 yuan.
since that can't happen, either someone will buy the wall at usd 335 on bitstamp, and send it to btcchina, or else the dam will break tonight.
Oh ye of little faith. Are you new to bitcoin or something? It can't happen because the arbitrage cost between btcchina and bitstamp can't be that large. Nothing to do with BTC's fundamental value or technical condition. Just an arbitrage argument: Things go on until they can't (completely disregarding "should"). Then they don't. The honey badger is chewing through 2200 yuan right now. Another 2000 BTC of flow puts the price at 2500 tonight, absent more supply. |
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SheHadMANHands
Legendary
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Activity: 1168
Merit: 1000
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November 09, 2013, 12:34:05 AM |
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solex
Legendary
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Activity: 1078
Merit: 1002
100 satoshis -> ISO code
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November 09, 2013, 12:35:59 AM |
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Satoshi he say "Cheap Bitcoin no more. Should mine sooner!" |
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aminorex
Legendary
Offline
Activity: 1596
Merit: 1029
Sine secretum non libertas
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November 09, 2013, 12:37:16 AM |
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some dipstick is going to be facepalming for dumping 1715 at one go for 335 on bitstamp.
it's a huge gift for bobby lee.
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DougTanner
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November 09, 2013, 12:37:23 AM |
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Past 2200, I'm not even surprised anymore.  |
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jojo69
Legendary
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Activity: 3164
Merit: 4345
diamond-handed zealot
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November 09, 2013, 12:38:05 AM |
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$362.5
mother of god
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mvidetto
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November 09, 2013, 12:38:22 AM |
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mtgox @ 362 and climbing... do I hear 400 tomorrow?
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hazek
Legendary
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Activity: 1078
Merit: 1002
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November 09, 2013, 12:39:18 AM |
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Did that wall on our exchange at $335 just get eaten or was it moved?  |
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aminorex
Legendary
Offline
Activity: 1596
Merit: 1029
Sine secretum non libertas
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November 09, 2013, 12:40:26 AM |
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mtgox @ 362 and climbing... do I hear 400 tomorrow?
bitstamp has the next wall at 350. doubt that can get consumed overnight, but i'm usually wrong about that. |
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psjw4450
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November 09, 2013, 12:41:40 AM |
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mtgox @ 362 and climbing... do I hear 400 tomorrow?
bitstamp has the next wall at 350. doubt that can get consumed overnight, but i'm usually wrong about that. Whats a good site to view the walls at for bitstamp. |
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nagnagnag2
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November 09, 2013, 12:41:46 AM |
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mtgox @ 362 and climbing... do I hear 400 tomorrow?
bitstamp has the next wall at 350. doubt that can get consumed overnight, but i'm usually wrong about that. it's being consumed as we speak. and it's gone!  |
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octaft
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November 09, 2013, 12:41:58 AM |
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Did that wall on our exchange at $335 just get eaten or was it moved? I see about 700 BTC bought at $335 roughly 3 minutes ago. |
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hazek
Legendary
Offline
Activity: 1078
Merit: 1002
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November 09, 2013, 12:42:28 AM |
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mtgox @ 362 and climbing... do I hear 400 tomorrow?
bitstamp has the next wall at 350. doubt that can get consumed overnight, but i'm usually wrong about that. Whats a good site to view the walls at for bitstamp. rtbtc.com is really nice |
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justusranvier
Legendary
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Activity: 1400
Merit: 1009
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November 09, 2013, 12:43:08 AM |
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gotmilk_
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November 09, 2013, 12:43:18 AM |
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Did that wall on our exchange at $335 just get eaten or was it moved? You tell us hazek  Nočna izmena a? |
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jojo69
Legendary
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Activity: 3164
Merit: 4345
diamond-handed zealot
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November 09, 2013, 12:43:27 AM |
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LEEEEEEROY JENNNNNNNNNKINS!!!!!!!
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SheHadMANHands
Legendary
Offline
Activity: 1168
Merit: 1000
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November 09, 2013, 12:45:03 AM |
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Guy who sold 10k at $256btc or whatever on Gox... now on suicide watch.
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hazek
Legendary
Offline
Activity: 1078
Merit: 1002
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November 09, 2013, 12:45:03 AM |
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Did that wall on our exchange at $335 just get eaten or was it moved? You tell us hazek Nočna izmena a? Ma ne, sej grem spat zdle.  |
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