The Bitcoin Tracking Thread

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Originally Posted by madfranks

Less than a month ago it was $200. Unless it touches that level again I don't think "crashing" is the proper term. My gut is telling me it needs to correct back to $400 or so.

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Usually what was strong resistance becomes strong support, so a healthy correction would be down to $200, but I really don't know what these are supposed to be worth... Right now around $800!

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Originally Posted by Neuro

but I really don't know what these are supposed to be worth... Right now around $800!

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I hear they are going to start using them to coat the lead connectors on PCboards, and phone jacks

so we should have some indication soon of their discovered price/value.

$880 on BitStamp.

$940 on MTGOX.

930 here: http://bitcoinity.org/markets

they are learning from this , dont think for a second that there not

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Originally Posted by EE_

Anyone that believes the dollar will eventually collapse, should also believe the bankers have thought about this.

If and when the dollar gets devalued, or outright collapses, the government will be more then ready to roll out the new currency. I can tell you it will not be paper...it will be a digital system. All transactions will be digital...employers will pay employees with the new digital credits and so on.

Bitcoin is a great way to prepare the masses for this new system. Just like people begging and standing in line all night to get the new government personal tracking, digital commerce device. (iPhone)

I think cash will be a slower phase out program as it will still be needed until all are on board and own a PTDCD (Personal Tracking Digital Commerce Device) aka. 'mark of the beast'

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This recent Clif High appearance on Red Ice Radio gives a really good explanation of bitcoin, both technical and political implications. Advance to the middle, around 00:30:00 to hear it. 1 hour:

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Clif High - Hour 1 - Bandwidth Caps, Bitcoin, ISON & Nummo Origins
November 25, 2013

Clif High, along with his associate George Ure, developed the Web Bot, or the Web Bot Project in the late 1990s. It's an Internet bot software program or a web spider that originally was designed to predict stock market trends. Eventually it developed into something different. Now it's claimed to be able to predict future events by tracking keywords on the web. In the first hour of the program Clif and Henrik discuss the looming internet bandwidth caps that are slated to limit, restrict and control internet data consumption. The control of the internet comes in many different forms and the cap is the latest trick by the ISP monopolies, enabled by government, to make more money and to shut down streaming services. Clif talks about hackers and other alternatives to circumvent these restrictions. Later, we discuss the "wings" that have sprouted on comet ISON in the last few days, as it's getting closer to the sun. We move on to discuss the positive aspects of Bitcoin, why you should get involved and how they continue to increase in value, as more and more people get aboard. In the second hour, we continue to discuss the technicalities of Bitcoin and Litecoin. High describes how to purchase Bitcoin, the incentives of Bitcoin mining and how to maintain your digital wallet. Finally, we discuss human origins. Clif speaks more about the origin myth of the Nummo as retold by the Dogon tribe.

http://www.redicecreations.com/img/r...loadbutton.png

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Great program Pat. Thanks.

Day-am bitcoin got slaughtered today. Down over 20% in one day - currently $693.94.

$1001 at gox right now.

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Originally Posted by madfranks

Day-am bitcoin got slaughtered today. Down over 20% in one day - currently $693.94.

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One of the mining pools neared 51%, and apparently they've done a double-spending attack in the past.

It's a big issue for bitcoin and needs to be address if bitcoin is going to stick around.