You and other miners are the only ones who currently consider BTC money.
People like Walgreen's and Macy's are not trusting the livelihood of their businesses' cash flow with a stock that fluctuates 20% every day.
Bitcoin hits $100
- Thread starter lcver
- Start date
You and other miners are the only ones who currently consider BTC money.
People like Walgreen's and Macy's are not trusting the livelihood of their businesses' cash flow with a stock that fluctuates 20% every day.
(O_o)
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SecondLife is also a 'silly' game but I know programmers that make a (good) living coding stuff for the game...
in b4 more sweeping generalizationz and btc disinformation! sell sell sell its a buublez! >__<
Except that in retrospect bitcoin may not be a bubble, but this rapid appreciation of price is due to the mass realization that bitcoins were undervalued and the relative difficulty of obtaining them. Imagine if google stock which is at 810/share suddenly fell to 80 but funds were only limited to buying $10,000-$100,000 of it at once. there would be huge demand to counteract this imbalance but it wouldn't be instantaneous due to the fund restrictions. The chart would have a exponential pattern as google returns to its true value of $810 yet it's not a bubble.
No, but in my defense I am one lazy motherfucker. Also, like everyone else I wish I would have liquidated all my shit and put it into Bitcoins 2 months ago, but that doesn't change the market fundamentals.
Man is that Buttcoin guy going to be kicking himself in a year or two...
If that's so, then where did the $1.4 BILLION USD come from that was given TO us?
As stated many times before, you can get in and out of bitcoins in milliseconds.
Bitpay's service already does this... No risk to merchants at all from price fluctuation.
Heck, there is even an android App called Bridgewalker that lets you receive bitcoins and exchanges them to USD as soon as you get them automatically.
lukep... there is no actual $1,400,000,000 given to you,
MARKET CAPITALIZATION is AN EXTRAPOLATION
just because i get one sucker to buy $1 onions for $100 doesn't mean all the onions in the world will fetch that price
come on dude, you think if all the BTC came on the sell side in the 24 hours $1.4 billion would come in the buy side? stop
MARKET CAPITALIZATION is AN EXTRAPOLATION
just because i get one sucker to buy $1 onions for $100 doesn't mean all the onions in the world will fetch that price
come on dude, you think if all the BTC came on the sell side in the 24 hours $1.4 billion would come in the buy side? stop
Anyone here sent bit coins from their wallet to Mt. Gox? I sent over a test deposit (lulz) of a few bucks ~1 hr ago and it's still not showing up in my account even though supposedly I got 6/6 confirmations.
Any thoughts?
EDIT:
ahh, nm, just hit.
Any thoughts?
EDIT:
ahh, nm, just hit.
Duhh, not literally me, bro.
$1.4 Billion has been taken out of other economies (USD, Yen, Euro, etc) and given to the Bitcoin economy. Sauce: Market Capitalization at Investopedia
This definition of course is talking about stocks, but I see no evidence of it being calculated differently for this currency.
Here's a question: Have bubbles ever gone parabolic and then sideways? We seem to be sticking strong around $133. Days now, it's even levelled out wonderfully lately.
Yes, and in the near future BTC will be over $20 trillion once these coins are mined, and reach their predicted $1 million value.
That's about 30% of the world's GDP. Talk about promising. Better get in while you can!
That's about 30% of the world's GDP. Talk about promising. Better get in while you can!
Wrong. Market Cap is just the total number of bitcoins (~11million) multiplied by the current price (~$130), which is set by demand atm. $1.4 billion means nothing in regards to how much USD, Yen, or Euro has flown through the BTC economy. Tomorrow, the price could jump by $20 based on a few thousand trades and the Market Cap will jump $XX-$XXX million. Furthermore, the price could stay the same and the Market Cap will increase just by people mining more coins into the system - no one is taking money out of other economies and putting them into BTC there.
Count your blessings that you've been lucky enough to be on the ride side of this bubble (so far at least), cause you clearly know nothing about basic economics.
Yeah, after I read his last post; I lost all energy in replying. 'fanatics gonna be fanatic' tag sums it up.
9flats, The European Airbnb Competitor, Now Accepting Bitcoin Payments | TechCrunch more will start accepting bitcoin each day. And when spain does a cyprus in the next few months it will soar.
Um, are you guys not in fact overlooking the blatantly obious fact that SOMEBODY HAD TO PAY THE SUM OF THOSE AMOUNTS TO GET THE PRICE UP THERE?
Jesus. I feel like I'm talking to a room full of obama voters now.
Yep, and there goes the "Can't pay your rent in Bitcoins" argument already:
https://www.aepropertymanage.com/rental-properties-rental-homes-memphis-tn.php