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Author Topic: Gold / Bitcoin 30D  (Read 510 times)
Colin M
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November 30, 2011, 04:57:34 PM
 #1

Similarities?

http://goldprice.org/charts/history/gold_30_day_o_b_usd.png?0.3717817951013287


http://bitcoincharts.com/charts/chart.png?width=940&m=thUSD&SubmitButton=Draw&r=30&i=&c=0&s=&e=&Prev=&Next=&t=C&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=0&cv=0&ps=0&l=0&p=0&
Transactions can optionally carry transaction fees. Whoever mines the block which ends up containing your transaction will get the fee. The Bitcoin client will sometimes force you to pay a fee when it thinks that no miner will accept your transaction otherwise.
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Qoheleth
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Spurn wild goose chases. Seek that which endures.


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December 01, 2011, 08:36:19 PM
 #2

I'd put this down to coincidence. Bitcoin plunged on the 14th because some cone sold 50kBTC at once, not out of any larger market trends.

If there is something that will make Bitcoin succeed, it is growth of utility - greater quantity and variety of goods and services offered for BTC. If there is something that will make Bitcoin fail, it is the culture of naive fools and conmen, the former convinced that BTC is a magic box that will turn them into millionaires, and the latter arriving by the busload to devour them.
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