Bitcoin pricing

[jh1523]

Guys, we don't need to convince ourselves that bitcoins are worth $1mil each - we already know that.
It's everyone else who needs convincing. 

[SteveFL]

31.9 was the all time high. Almost every article/ newspiece related to bitcoin mentions it.

Actually:

Code:

June 10, 2011, 12:19 p.m.	Obtain: 32.99 USD Gave: 1.00 BTC	32.99 USD	0.19794 USD Commission

Granted I can't prove it more than that or a SS from my TH account that someone will claim I photoshopped, but I did sell for $32.99.

[abcduploader]

So, my theory is that cant there be any bidding system put into the marketing sites like bitmarket.eu , tradehill etc .
I mean if some one bids 13.95$ then the next bidder has to be atleast .05 - .1 more than the last one . ie the next bidder has to bid more than 14$ .

In this way the cost of a bitcoin will dramatically increase and the buyers will also dont have to fear about the drops in bitcoin prices .

Say you set up such a system, and the price on that system goes to $18. As soon as there's nobody left whose willing to pay $18 for a bitcoin, and some guy on some other system starts offering them for $17, nobody would trade on that system.

You can't sell something for more than it's worth unless you can keep a ready supply of suckers.

If someone can setup that system...One buyer will know that if he buys a bitcoin now he will surely sell it off at a higher price  since the next person must bid .1$ more .

[the joint]

So, my theory is that cant there be any bidding system put into the marketing sites like bitmarket.eu , tradehill etc .
I mean if some one bids 13.95$ then the next bidder has to be atleast .05 - .1 more than the last one . ie the next bidder has to bid more than 14$ .

In this way the cost of a bitcoin will dramatically increase and the buyers will also dont have to fear about the drops in bitcoin prices .

Say you set up such a system, and the price on that system goes to $18. As soon as there's nobody left whose willing to pay $18 for a bitcoin, and some guy on some other system starts offering them for $17, nobody would trade on that system.

You can't sell something for more than it's worth unless you can keep a ready supply of suckers.

If someone can setup that system...One buyer will know that if he buys a bitcoin now he will surely sell it off at a higher price  since the next person must bid .1$ more .

Mmmmmm super-deflation.  With my 1 BTC, someday I can buy...THE WORLD!!!   Mm...mua...mua ha ha...MUA HA HA HA HA

[Pumpkinman]

i was late to the party for coins been at it only a grand total of 3 months (know about them for about 5, just didnt jump the shark.) so my highest sale was a small $15

i'm hoping prices will return there soon. would be nice.

[abcduploader]

Anyone still wanna talk about pricing since now it has dropped to 10$ and I see no way its getting up....