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proudhon
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August 02, 2012, 10:29:18 PM
 #21

I'm gonna buy a ton of Steam games now.

Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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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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knight22
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August 02, 2012, 10:40:51 PM
 #22

Probably a bubble (hopefully not)

HostFat
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August 02, 2012, 10:51:41 PM
 #23

I think that something is changing.
Most speculators and investors are finally understanding one important thing.
An hacking attack and/or a bad news about a website/service that manage Bitcoin it is NOT something related to the protocol/project.

NON DO ASSISTENZA PRIVATA - http://hostfatmind.com
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August 02, 2012, 11:20:10 PM
 #24


Above $10, one-dollar price increases become less and less noteworthy. Log-scale people, Log-scale!


I'm gonna buy a ton of Steam games now.

Alpaca socks for me (are they still available?)

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August 02, 2012, 11:26:10 PM
 #25


My thoughts exactly, minus the "holy".



They're there, in their room.
Your mining rig is on fire, yet you're very calm.
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August 03, 2012, 12:07:07 AM
 #26

Where's the price compared to my projection?  Grin
https://bitcointalk.org/index.php?topic=81407.msg898596#msg898596

Pretty damn close if I do say so.  Wink

For Bitcoin to be a true global currency the value of BTC needs always to rise.
If BTC became the global currency & money supply = 100 Trillion then ⊅1.00 BTC = $4,761,904.76.
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August 03, 2012, 12:11:14 AM
 #27

But if you think they are going down, you now have no way to short.

Borrow Bitcoins. Sell Bitcoins. Congrats, you are now short.

Seriously, I LOLed about this......


+1 LAWL!

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August 03, 2012, 12:15:58 AM
 #28

Where's the price compared to my projection?  Grin
https://bitcointalk.org/index.php?topic=81407.msg898596#msg898596

Pretty damn close if I do say so.  Wink

maybe... tough to tell the way you have the x-axis labeled

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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August 03, 2012, 12:17:22 AM
 #29

My thoughts, minus the "fuck".
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August 03, 2012, 12:20:40 AM
 #30

Im scared that its moving up this quick...should I be?

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August 03, 2012, 12:21:51 AM
 #31

Im scared that its moving up this quick...should I be?
No. This is the slowest it's moved for Bitcoin. Volatility has been quite low recently.
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August 03, 2012, 12:47:01 AM
 #32

But if you think they are going down, you now have no way to short.

Borrow Bitcoins. Sell Bitcoins. Congrats, you are now short.
there's also MPEx where you can buy a put.

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August 03, 2012, 12:53:07 AM
 #33

Should settle about 10.4 now, if we go through the weekend with more than 10.2 it is a confirmed move – expect 11+ next week.
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August 03, 2012, 12:59:56 AM
 #34

Should settle about 10.4 now, if we go through the weekend with more than 10.2 it is a confirmed move – expect 11+ next week.
Weekends tend down, for sure, but don't ignore that Mondays do as well. So do Tuesdays.
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August 03, 2012, 01:12:20 AM
 #35

Should settle about 10.4 now, if we go through the weekend with more than 10.2 it is a confirmed move – expect 11+ next week.
Weekends tend down, for sure, but don't ignore that Mondays do as well. So do Tuesdays.

Is this accurate?

dree12
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August 03, 2012, 01:15:34 AM
 #36

Should settle about 10.4 now, if we go through the weekend with more than 10.2 it is a confirmed move – expect 11+ next week.
Weekends tend down, for sure, but don't ignore that Mondays do as well. So do Tuesdays.

Is this accurate?
It's based on all Mt. Gox USD historical data up until July 30, 2012. It therefore cannot be used as a predictive indicator (because it uses historical data), but would be accurate if used for hindcasting.
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August 03, 2012, 01:19:56 AM
 #37

Screw regular alpaca socks. EXTREME ALPACA SOCKS!

Bitcoin Auction House http://www.BitBid.net BTC - 1EwfBVC6BwA6YeqcYZmm3htwykK3MStW6N | LTC - LdBpJJHj4WSAsUqaTbwyJQFiG1tVjo4Uys Don't get Goxed.
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August 03, 2012, 01:20:13 AM
 #38

Should settle about 10.4 now, if we go through the weekend with more than 10.2 it is a confirmed move – expect 11+ next week.
Weekends tend down, for sure, but don't ignore that Mondays do as well. So do Tuesdays.

Is this accurate?
It's based on all Mt. Gox USD historical data up until July 30, 2012. It therefore cannot be used as a predictive indicator (because it uses historical data), but would be accurate if used for hindcasting.

Close enough...

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Astro
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August 03, 2012, 01:21:04 AM
 #39

The price of bitcoin is directly proportional to the amount of shit-talk in the Something Awful thread about bitcoin.  The more they hate on it, the higher it goes, making them more and more wrong.

For reference, here is a goon: http://www.youtube.com/watch?v=tbfBjo-Mw6U
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August 03, 2012, 01:29:52 AM
 #40

Should settle about 10.4 now, if we go through the weekend with more than 10.2 it is a confirmed move – expect 11+ next week.
Weekends tend down, for sure, but don't ignore that Mondays do as well. So do Tuesdays.

Sorry I'm in the UK and i tend to sleep until 3 p.m. - hence ^^^
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