100K a Coin?

[Benson Samuel]

The Baidu news must have started the push.
Looks like it might settle at 10K in a day or 2.

or crash back to 8K.. Nice to see the upwards movement after a long time.


Update
10K came and went. Updated to 20K a coin!

Update
20K came and went. Updated to 50K a coin!

[1715323164]

1715323164

[1715323164]

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[1715323164]

1715323164

[escrow.ms]

Yeah, baidu thing really pushed prices up.

[chandrakant]

Ya i hope he price just keeps increasing 

[Pinwheel]

what I want to know, when to start selling. it is bubble obviously.

[Benson Samuel]

what I want to know, when to start selling. it is bubble obviously.

I do not think that this is a bubble. With the Difficulty leap and the Baidu news, I do believe that this price run has not yet peaked.

Let us not forget that the Baidu news is a serious value add, like wordpress or reddit. Gives people a reason to use more Bitcoin.

[Pinwheel]

what I want to know, when to start selling. it is bubble obviously.

I do not think that this is a bubble. With the Difficulty leap and the Baidu news, I do believe that this price run has not yet peaked.

Let us not forget that the Baidu news is a serious value add, like wordpress or reddit. Gives people a reason to use more Bitcoin.

it is down to 151

[Benson Samuel]

what I want to know, when to start selling. it is bubble obviously.

I do not think that this is a bubble. With the Difficulty leap and the Baidu news, I do believe that this price run has not yet peaked.

Let us not forget that the Baidu news is a serious value add, like wordpress or reddit. Gives people a reason to use more Bitcoin.

it is down to 151

Lets see how the next few days react. The difficulty leap is too large this time. It will have to have a price impact.

[Pinwheel]

what I want to know, when to start selling. it is bubble obviously.

I do not think that this is a bubble. With the Difficulty leap and the Baidu news, I do believe that this price run has not yet peaked.

Let us not forget that the Baidu news is a serious value add, like wordpress or reddit. Gives people a reason to use more Bitcoin.

it is down to 151

Lets see how the next few days react. The difficulty leap is too large this time. It will have to have a price impact.

how so, amount of btc mined the same.

what will have impact is Slovenia and some other European countries going down Cyprus road.

[Pinwheel]

credit to adamstgBit



panic buying

[Benson Samuel]

Lol, there are more people buying now than when the prices were at 8$

[Benson Samuel]

It does seem to have settled at a 180-200 window.

Any thoughts?

[dishwara]

Increasing slowly & gradually.

[Benson Samuel]

Increasing slowly & gradually.

I would be happier if I saw it stabilize for a while at this stage before moving up.

[Eternity]

Current value is way more than this

[Benson Samuel]

Current value is way more than this

20K a coin a better topic then?

Changed!

[escrow.ms]

Current value is way more than this

20K a coin a better topic then?

Changed!

Hold your breath..20k coming soon

[Pinwheel]

hey, ... sale now, day dreamers, he-he its gonna CRASch !!!!  6175 btc sale wall on goxz on 266.9,
biggest I ever seen

[dishwara]

266 was the last highest peek, so it wont crash now.
I hope it will go up to 350 then crash & run in between 280-330 for some time.

[Pinwheel]

I hope it will crash as you cant make money with such upward trend. You will always be left with fiat against btc going further up.

[Benson Samuel]

$300

[escrow.ms]

$300

Mtgox high 321 XD

[Benson Samuel]

20 K INR passed on Gox

Updating to 50K

[buysellbitcoin]

20 K INR passed on Gox

Updating to 50K

Was expecting 30k first but looks like Benson met Candy in last few days

Regards

[dishwara]

266 was the last highest peek, so it wont crash now.
I hope it will go up to 350 then crash & run in between 280-330 for some time.

550 USD, this time

[Pinwheel]

reality is, it will crash, question is when. Seems not so soon.

Last time I purchased back at 142 and 128 and rate went down to 80. I was really disappointed. Good thing with bitcoins it always coming back. At present situtation buying at 142 and 128 does not look bad.

Hard to say how much it will go up, I hope I will be able catch up the train on the way down and sale, next bottom line seem to be 250. At that rate most of BIT investors purchased most of their coins. So probably they want to see it going down below 250.

[dishwara]

Now Chinese are playing the price game.

[dishwara]

http://www.forbes.com/sites/kashmirhill/2013/11/08/from-walmart-to-bitcoin-the-ceo-behind-the-chinese-exchange-sending-bitcoin-to-new-highs/

[Pinwheel]

http://www.forbes.com/sites/kashmirhill/2013/11/08/from-walmart-to-bitcoin-the-ceo-behind-the-chinese-exchange-sending-bitcoin-to-new-highs/

catching up, smoked from gox'z exhaust pipe

[Fifth_ID]

Check out the charts in the link for some extra data http://bitcoinity.org/markets (unfortunately it's only based on mtgox data so ya don't see volumes from that Chinese site)

[dishwara]

http://bitcoincharts.com/markets/currency/CNY.html

http://bitcoinity.org/markets/btcchina/CNY

Here i see price & volume
??

[Pinwheel]

http://bitcoincharts.com/markets/currency/CNY.html

http://bitcoinity.org/markets/btcchina/CNY

Here i see price & volume
??

sale/buy volumes directly opposite to

https://www.bitstamp.net/market/order_book/

good appetite for bitcoins

[dishwara]

500 USD reached.

[Benson Samuel]

500 USD reached.

 

[dishwara]

600 USD reached

[Benson Samuel]

600 USD reached

Almost 50K a coin.

[dishwara]

600 USD reached

Almost 50K a coin.

Na, only 36000 INR /coin

[Benson Samuel]

600 USD reached

Almost 50K a coin.

Na, only 36000 INR /coin

Close enough.. But am sure that it should breach 50K by end of year.

[buysellbitcoin]

We are seriously overbought at the moment and correction must be there. this rate of growth is unsustainable by any means.
I really doubt it can even cross 40k, BUT we all know about predictions ( I predicted crash even at 365 levels, lol ) and Bitcoin behaves a bit weird when we talk about systems and traditions. One thing is sure everyone feels like there is train going to hogwards and they are going to miss it. All I know is there is no train 

Regards

[dishwara]

The train is surely going to hogwards, if you already in platform 9¾, then you wont miss it.

The price of BTC is actually low at this times.
The cost of mining coins when using GPU's didn't had much impact, coz anyone can buy GPU & mine coins.
But once ASIC entered, the plot completely changed.
Now the cost of mining is very important coz, corporates are in business. They can't mine without profit.

Last time when the mtgox 266 crash happened, the cost of mining is not profitable & miners suffered.
Still, they waited. Now they can't wait. They can't allow mining go without profit & loss.
So bitcoin will reach 1000$ soon.

Also the btcchina exchange is run by brother of litecoin developer.
Btcchina exchange made the bitcoin price to increase.
They wont allow their "OWN" coin litecoin to stay low.
Already litecoin started increasing value & increased from 2$ to ~5$ now. Soon it will also increase to atleast 10$

[inrbtcad]

Well if we convert the BTCChina rate to INR, we have just crossed 50k per coin.

congrats Benson, you called it first  and I don't know how  


Let me be one up on you and make the next target at 100k per coin  

[lightfoot]

I hope it will crash as you cant make money with such upward trend. You will always be left with fiat against btc going further up.

Unless you own a mining rig.....

[bitcoin9096]

Litecoin from 4$ to 9$ in 1 day 

[dishwara]

litecoin will soon cross 10$ & go to 15$

[Benson Samuel]

litecoin will soon cross 10$ & go to 15$

Wonder how much of this movement is from Macau

[legendster]

My mouth is wide open, i knew it would eventually happen but didnt thing it'll happen in 2013. DUDE its $750 !!!!!!!!!!!!!!

[dishwara]

900 USD 

[Benson Samuel]

Well if we convert the BTCChina rate to INR, we have just crossed 50k per coin.

congrats Benson, you called it first  and I don't know how  


Let me be one up on you and make the next target at 100k per coin  

Ha.. And I was being conservative with the call

[Benson Samuel]

Well if we convert the BTCChina rate to INR, we have just crossed 50k per coin.

congrats Benson, you called it first  and I don't know how  


Let me be one up on you and make the next target at 100k per coin  

Let me make the 500K call as well

[buysellbitcoin]

I simply now believe this is 100% manipulation and some one from BTCchina trading on Gox and Bitstamp is going to make huge sum... Huge sum  

People of Gotham, Be careful today  

Regards

[Pinwheel]

I simply now believe this is 1005 manipulation and some one from BTCchina trading on Gox and Bitstamp is going to make huge sum... Huge sum 

People of Gotham, Be careful today 

Regards

yeahh huge buy on market price on gox. seems like few concurrent parties. bots do not have time to post sales, all eaten up with speed of hungry crocodile, real fun to watch.

http://bitcoinwisdom.com/markets/mtgox/btcusd

11K btc gone today morning. it is avg 9 mil usd. China dropping usd as it is obviously not so healthy.

[dishwara]

I simply now believe this is 100% manipulation and some one from BTCchina trading on Gox and Bitstamp is going to make huge sum... Huge sum  

People of Gotham, Be careful today  

Regards

Yes, its 100% manipulation only.
That's the way bitcoin price can be increased.
Make it costly & hard to get, then it attracts everyone. Same way gold, crude oil, diamond doing.
At least gold & crude oil has some functions, features..... but diamond, except its the hardest natural material available from earth, it doesn't have much properties.
Still many buying diamond jewelry, even though it has no resale value.
 
To reach 1000$ mark, miners are waiting for a long period. Only now it happening.

@buysellbitco.in, Yesterday night i try to buy from your site, but it said buying for today is over.
I tried again & it said business hours is 8 am to 5 pm.
make business hours 24/7 if you can watch market 24/7

[subvolatil]

@buysellbitco.in, Yesterday night i try to buy from your site, but it said buying for today is over.
I tried again & it said business hours is 8 am to 5 pm.
make business hours 24/7 if you can watch market 24/7

I guess  coins  are  rapidly  running  out .

I  wonder if  buysellbitco.in can  tell us   what  volumes  have  been   traded  this  week  for  him.  just  to  get  an  idea  of  the  current  market.

[Benson Samuel]

@buysellbitco.in, Yesterday night i try to buy from your site, but it said buying for today is over.
I tried again & it said business hours is 8 am to 5 pm.
make business hours 24/7 if you can watch market 24/7

I guess  coins  are  rapidly  running  out .

I  wonder if  buysellbitco.in can  tell us   what  volumes  have  been   traded  this  week  for  him.  just  to  get  an  idea  of  the  current  market.

I escrowed 4K BTC outside the forums last week for an Indian customer.

[dishwara]

FOUR THOUSAND bitcoins?

[Benson Samuel]

FOUR THOUSAND bitcoins?

Yep.

[nefron]

and u got

FOUR THOUSAND bitcoins?

Yep.

and you charged ur regular 1% on that ?

[Benson Samuel]

and u got

FOUR THOUSAND bitcoins?

Yep.

and you charged ur regular 1% on that ?

2% as my risk was quite high.

Edit:

Joking, it was 1%. :p

[nefron]

and u got

FOUR THOUSAND bitcoins?

Yep.

and you charged ur regular 1% on that ?

2% as my risk was quite high.

Edit:

Joking, it was 1%. :p

??OMG!

ya ur risk was high. you could have gotten in to some trouble too.

[Benson Samuel]

and u got

FOUR THOUSAND bitcoins?

Yep.

and you charged ur regular 1% on that ?

2% as my risk was quite high.

Edit:

Joking, it was 1%. :p

??OMG!

ya ur risk was high. you could have gotten in to some trouble too.

Yep.

[jinson]

If it's 'Made in China' you know how long it will last..

[Benson Samuel]

If it's 'Made in China' you know how long it will last..

lol... +1.. Gonna tweet this out..

[nefron]

If it's 'Made in China' you know how long it will last..

Iphone too is made in china

[bitcoin9096]

BTC plane crashed
Time to buy or sell 

[buysellbitcoin]

If it's 'Made in China' you know how long it will last..

lol... +1.. Gonna tweet this out..

Well that was gem

[franklin.matt]

Big guns from China are playing barbie with bitcoins  

[Pinwheel]

somebody just made 6-7 mils usd today on gox. Looks likely it is Gox itself, plus few more large players in the same boat with Gox.

30K sold at around 850
bought back at 570

[Steve_1982]

900 USD seems to be the highest mtgox has reached. There's a bit more room for bitcoin to grow.

Btc halved from 800 to 400 on btc-e. Safe to say that this price wave has run its course.

600 usd is still a good price to get in for those that have the cash to spare.

[lightfoot]

I have no idea how I could accept payment in bitcoin if the price goes up and down by $200 in a few minutes :-)

[jinson]

I have no idea how I could accept payment in bitcoin if the price goes up and down by $200 in a few minutes :-)

Exactly! This is where the entity of the bitcoin itself become quite ambiguous. Is it a currency or a commodity?
Nevertheless, this day goes into the book of Bitcoin history, no doubt.

 

[Pinwheel]

I have no idea how I could accept payment in bitcoin if the price goes up and down by $200 in a few minutes :-)

no problem you will be good on long run anyway

[americandesi]

I have no idea how I could accept payment in bitcoin if the price goes up and down by $200 in a few minutes :-)

Any idea how this was overcome in bitmit when it was working.?

[Benson Samuel]

I have no idea how I could accept payment in bitcoin if the price goes up and down by $200 in a few minutes :-)

If you are looking at getting back your value immediately, the only way to accept Bitcoin would be through a processor. As soon as the BTC is received, the processor converts it at current rates and provides INR in bank account.

The other option would be to hold the BTC till the prices become favorable.

[Benson Samuel]

Changed topic to 1L a coin.

Satoshis are getting quite valuable in India.

[buysellbitcoin]

Changed topic to 1L a coin.

Satoshis are getting quite valuable in India.

It looks like very soon you will need to write a script to auto update title of this thread

Regards

[Benson Samuel]

Changed topic to 1L a coin.

Satoshis are getting quite valuable in India.

It looks like very soon you will need to write a script to auto update title of this thread

Regards

Lol, I hope so!

[dishwara]

In my view 2000$ a coin will take some time.
The value of bitcoin needs to be stabilized so that it can be used as currency.
1000$ mark is both for profit & stability.

[buysellbitcoin]

In my view 2000$ a coin will take some time.
The value of bitcoin needs to be stabilized so that it can be used as currency.
1000$ mark is both for profit & stability.

Cant agree more.

Regards

[Coin.Karma]

Would totally love to retire with a 5000$ price for BTC. Two main reasons I feel

China has a voracious appetite
The amount of money that has gone into hardware, and more is still going in.



.......on a side note, @buysellbitco.in...someone from a place called Kollam, in Kerala and asked me about buying bitcoins and I directed them to your site. Hope you get your stock up soon.

cheers to 5000..
karma

[lightfoot]

I have no idea how I could accept payment in bitcoin if the price goes up and down by $200 in a few minutes :-)

no problem you will be good on long run anyway

Not really. If prices are screaming up then any price I put on a service will be obsolete instantly=no sales
If prices scream down I'm doing work for free=no profit.

This is not a way to run a railroad. :-)

C

[Benson Samuel]

70K 

[subvolatil]

70K 

not  bad  you called  it . :-)

[jinson]

100k, it is not a matter of 'if' , its a matter of when? Give it 48 hrs..

[subvolatil]

100k, it is not a matter of 'if' , its a matter of when? Give it 48 hrs..

I'm holding  on to  my coins like like  a  greedy Scrooge. *i fee  guilty doing it*

[Benson Samuel]

100k, it is not a matter of 'if' , its a matter of when? Give it 48 hrs..

I'm holding  on to  my coins like like  a  greedy Scrooge. *i fee  guilty doing it*

Crashin` 

Especially btc-e.

[subvolatil]

100k, it is not a matter of 'if' , its a matter of when? Give it 48 hrs..

I'm holding  on to  my coins like like  a  greedy Scrooge. *i fee  guilty doing it*

Crashin` 

Especially btc-e.

Panic sellll   !!!!!!!!!!!!!!!!!!! hehe lol

[dishwara]

price stabilized around 700-800 $ for now.

[dc0ded]

price stabilized around 700-800 $ for now.

It looks stable for a while now. I think its a good thing.