100K a Coin?

[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