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interlagos
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June 16, 2012, 08:31:05 AM |
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As Vladimir predicted, we now a have a small cup with handle at 6.5 and 25kBTC bid wall holding it, let's see how long we'll stay at this level. |
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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Spekulatius
Legendary
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Activity: 1022
Merit: 1000
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June 16, 2012, 08:33:33 AM |
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I Luv this market!!!  good lil market, yeeessss, come here, have a sausage!  For the most part, I felt like the dog! |
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Mageant
Legendary
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Activity: 1145
Merit: 1001
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June 16, 2012, 08:55:08 AM |
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I wake up the next morning and the price is already 6.50$ WTF!?!  I guess there was no 6$ "psychological barrier". Maybe we are seeing the same effects again when people cannot short bitcoin anymore (because of bitcoinica gone)? |
cjgames.com
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herzmeister
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Activity: 1764
Merit: 1007
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June 16, 2012, 09:03:21 AM |
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i also was skeptical about all this "euro fears" news hype, but now i do believe that's the reason, because everyone and their dog in the streets here in germany talks about bank runs because of the elections in greece on sunday.
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Mageant
Legendary
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Activity: 1145
Merit: 1001
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June 16, 2012, 09:06:06 AM |
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i also was skeptical about all this "euro fears" news hype, but now i do believe that's the reason, because everyone and their dog in the streets here in germany talks about bank runs because of the elections in greece on sunday.
Oh, so you think that is the reason? I guess it's possible. All it takes is one rich person investing a part of his wealth into Bitcoin. |
cjgames.com
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LightRider
Legendary
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Activity: 1500
Merit: 1021
I advocate the Zeitgeist Movement & Venus Project.
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June 16, 2012, 09:14:19 AM |
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Well, this is certainly a frightening development. A couple dozen racks of these would literally monopolize the network. Hopefully they don't mostly wind up in malicious hands. |
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YoYa
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June 16, 2012, 09:56:32 AM |
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Well....this just made my day!
Fuck I love bitcoin!
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Bigpiggy01
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June 16, 2012, 09:59:38 AM |
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Oh, so you think that is the reason? I guess it's possible.
All it takes is one rich person investing a part of his wealth into Bitcoin.
That has apparently just happened at least to some extent if you look at what has been going on in Austria. |
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bulanula
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June 16, 2012, 11:26:11 AM |
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subbing
this thread rocks !
$10 here we come !!!
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molecular
Donator
Legendary
Offline
Activity: 2772
Merit: 1019
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June 16, 2012, 11:55:22 AM |
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Well....this just made my day!
Fuck I love bitcoin!
you're the little green guy, you're the little green guy... it seems to work, do still fell well, no disassiciation. @vladimir and others: maybe it's a combination of the different things (capital flight, fiat freed by decision to not buy fpga farm, something bitcoinica-related,...)? Or do you guys think this is one person?? I have the feeling this is some sort of "honest" buying in any case, not the kind of buying that has the plan in the back of the head to dump it all again at the next opportunity. |
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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molecular
Donator
Legendary
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Activity: 2772
Merit: 1019
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June 16, 2012, 11:55:55 AM |
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Oh, so you think that is the reason? I guess it's possible.
All it takes is one rich person investing a part of his wealth into Bitcoin.
That has apparently just happened at least to some extent if you look at what has been going on in Austria. What is going on in austria? |
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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YoYa
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June 16, 2012, 12:15:23 PM |
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Well....this just made my day!
Fuck I love bitcoin!
you're the little green guy, you're the little green guy... it seems to work, do still fell well, no disassiciation. @vladimir and others: maybe it's a combination of the different things (capital flight, fiat freed by decision to not buy fpga farm, something bitcoinica-related,...)? Or do you guys think this is one person?? I have the feeling this is some sort of "honest" buying in any case, not the kind of buying that has the plan in the back of the head to dump it all again at the next opportunity. Now just imagine the monotone voice: http://www.youtube.com/watch?v=p28e2Y4uJFgWith regard to the recent upswing, I'd speculate that anyone currently hedging against global volatility would choose Bitcoin as a high risk pocket change venture. Add to this, it appears that some are quite happy to try and ratchet the upward trend. It would be nice to think of it as a dollar linked hedge for protecting the value in your Euro assets, but the reality is that anyone currently engaged in Euro flight is not in the mood to speculate in a relatively new technology such as bitcoin. However.....bitcoin is a nice vehicle for trans-Atlantic transfers, so this may be a possibility. Also, not wanting to appear too cynical, but don't we all buy with the future point where we sell out(dump) in mind? You could also imagine all this said in the Voice of Rawdog....but that would just kill all my credibility |
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interlagos
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June 16, 2012, 12:16:09 PM |
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Oh, so you think that is the reason? I guess it's possible.
All it takes is one rich person investing a part of his wealth into Bitcoin.
That has apparently just happened at least to some extent if you look at what has been going on in Austria. What is going on in austria? This? https://bitcointalk.org/index.php?topic=85832.0 |
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Technomage
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Activity: 2184
Merit: 1056
Affordable Physical Bitcoins - Denarium.com
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June 16, 2012, 12:43:52 PM |
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Also, not wanting to appear too cynical, but don't we all buy with the future point where we sell out(dump) in mind? Well, I certainly don't. I also hope that the amount of people in this market who don't, has increased. I'm only interested in selling if I smell a bubble or if I actually need the money. Otherwise I'm happy to keep those bitcoins indefinitely and hopefully spend them directly as much as possible. |
Denarium closing sale discounts now up to 43%! Check out our products from here! |
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aqrulesms
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June 16, 2012, 01:36:25 PM |
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Wow, look at $6.50. Someone has a huge ask there. |
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BTCurious
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June 16, 2012, 01:37:20 PM |
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Wow, look at $6.50. Someone has a huge ask there. Welcome to 8 hours ago  |
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Spekulatius
Legendary
Offline
Activity: 1022
Merit: 1000
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June 16, 2012, 02:22:25 PM |
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My humble prediction *gasp* *gasp*;
We wont break through 6.60$ before not having fallen back behind 6.40$ (possibly to 6.30$).
*gasp*
 PFFF all you want, he called it. Now I shall use my incredible speKulation powers to bring us back to 6.60$.... DING DING DING DING! 6.60$ reached! Next stop 6.90$! Everyone aboard! |
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riX
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June 16, 2012, 02:31:34 PM |
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bulanula
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June 16, 2012, 02:32:40 PM |
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My humble prediction *gasp* *gasp*;
We wont break through 6.60$ before not having fallen back behind 6.40$ (possibly to 6.30$).
*gasp*
PFFF all you want, he called it. Now I shall use my incredible speKulation powers to bring us back to 6.60$.... DING DING DING DING! 6.60$ reached! Next stop 6.90$! Everyone aboard! Wake me up at $10 mate ! |
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