BOOM! BREAKING: Apple to allow bitcoin transmitting apps in AppStore

[pinksheep]

or for that matter moves of $1000 a day?

[PenAndPaper]

Suddenly 1000$ seems quite low...

[Raystonn]

or for that matter moves of $1000 a day?

At $660 it's quite common to see daily price movements of $35.  If we assume the same level of volatility, then at $2,000 it will be common to see daily price movements of $100, and at $20,000 it will be common to see daily price movements of $1,000.

Volatility is likely to decrease as market cap increases, though.

[deadley]

If Apple really accept Bitcoins transaction, It will be big boost for Bitcoins because of acceptance of istore.

[zacoins]

everyone buys new phones in the fall (september - november). if apple doesn't start allowing bitcoin apps now then android phones will take their marketshare

I think apple will def support bitcoin apps if apple doesn't want to lose millions of dollars in lost revenue which will affect their stock price and future earning potentials

[ElectricMucus]

everyone buys new phones in the fall (september - november). if apple doesn't start allowing bitcoin apps now then android phones will take their marketshare

I think apple will def support bitcoin apps if apple doesn't want to lose millions of dollars in lost revenue which will affect their stock price and future earning potentials

hahahaha oh wow

[Tx2000]

TO THE CORE!

... of the apple.

[zimmah]

everyone buys new phones in the fall (september - november). if apple doesn't start allowing bitcoin apps now then android phones will take their marketshare

I think apple will def support bitcoin apps if apple doesn't want to lose millions of dollars in lost revenue which will affect their stock price and future earning potentials

i don't think there's nearly enough bitcoin users to make a dent in sales

[Wandererfromthenorth]

What I am really scared to think is that Apple will come up with his own "iCoin".
If they do that we are fucked.

Loots of sheeple following apple to whatever the phak they do 

[bitcoinsrus]

What I am really scared to think is that Apple will come up with his own "iCoin".
If they do that we are fucked.

Loots of sheeple following apple to whatever the phak they do 

[gentlemand]

What I am really scared to think is that Apple will come up with his own "iCoin".
If they do that we are fucked.

It would be nothing more than a token representing 'real' currencies. They'd never go into the business of creating an actual currency.

And a quick lesson for anyone who took it up would be if someone opened up an unofficial iCoin/ bitcoin exchange.

Just imagine how unbelievably convenient that would be. No bank transfers, instant deposit and withdrawal. And it would last a couple of hours before Apple deprived you of your iCoins for breaking terms and conditions.

[Wandererfromthenorth]

Let's just hope the fuckers don't have have these things in mind.

I can imagine fools saying "finally a virtual currency controlled by our apple heroes instead of drug dealers" yahooooo

What I am really scared to think is that Apple will come up with his own "iCoin".
If they do that we are fucked.

Loots of sheeple following apple to whatever the phak they do  

noooooo lol

[okthen]

This is great news. Apple, you have just avoided losing a client, I was considering going Android when my iphone dies just because of the app thing.

There was a dude a while ago who shot an iphone due to this, no? Do I remember correctly?

[gentlemand]

More than one.

https://www.youtube.com/watch?v=MzU8nL7KihA

[smoothie]

Rocket fueling...

The good news for bitcoin is converging....expect a big uptick in price in the next 2 months.

TO DA MOOOON!

[pinksheep]

seriously tempted to buy 1 or 2 more but can't really afford them

[Stevenrm87]

Check out Applcoin

[BTCtrader71]

Fasten your seatbelt, we are going vertical !

It won't reach the vertical stage until at least 5 digits.

We're still all early adopters.

When it reaches the vertical stage, how much do you think it will rise per day? (on average). When will we hit moves of over $100 per day?

The "vertical" stage just means that the exponential rise is coming to an end. If you take an exponential rise (and smooth away the booms and busts) and plot in on a liner scale, it will ALWAYS look vertical.

On average, bitcoin has been doing this:
rising roughly 10x per year
doubling every 100-ish days
increasing by 22% (ish) per month
increasing by two-thirds of one percent per day

That means we'll expect to hit $100 per day when the price itself hits about $15,000, which should be a little over a year from now.

Caveat: I'm calculating assuming a smooth rise, and of course there's lots of superimposed noise that places lots of room for error in those calculations.

[bitswipe]

Approved currencies
It's not approved yet.

As per someone's tax discussion, it's not yet taxable in my Australia as far as i know... I'm a semi holder of BTC and I haven't gotten been notified of any tax related issues.

[JimboToronto]

Fasten your seatbelt, we are going vertical !

It won't reach the vertical stage until at least 5 digits.

We're still all early adopters.

When it reaches the vertical stage, how much do you think it will rise per day? (on average). When will we hit moves of over $100 per day?

It's anyone's guess but I figure by the time it hits 12k-25k it should be pretty well vertical.

How long it stays vertical before starting to level out from saturation is also a tough call but I doubt it will last much past 300k-400k.

It depends on a lot of things, from the final extent of adoption to how many coins are lost before mining is done, and of course whether or not there is an event that breaks the protocol and destroys Bitcoin completely.