The Bitcoin Tracking Thread

[Neuro]

Compress that chart a bit double the current price in a month and it will look like the gold price chart between 1970-1980...

http://www.sharelynx.com/chartsfixed/GC1970.gif

[madfranks]

This is the first time I've held absolutely 0 Bitcoins in several years.

Just saying.

Please share your thoughts... You think bitcoins are about to crash, or that this is a bubble?

[Shami-Amourae]

I honestly don't know. It should have crashed by now but hasn't. If it does crash it won't be to $2 again though since people will buy it up as it goes down, all wanting to get the next bottom. There's many people, including myself who wish we loaded the boat last time it dropped to $2. I think there's strong support in the 20s and 30s now psychologically, but that's just my own guestimation. Too many veterans are waiting on the sidelines to buy up Bitcoins when the price goes down and then there's a crap load of people who know nothing about investing who are buying since the price is going up (what most inexperienced investors do.) I've spoken with the owner of Mt Gox, a Frenchie living in Japan named Mark Karpeles (MagicalTux on IRC). He's done a lot to make sure there are no flash crashes like the last time and has done a lot of work to make the servers suddenly "work slowly" when people seem to be panic selling, if you catch my drift. He works almost 16 hours a day like me, so I believe he has a good handle on things THIS TIME. Paid CIA employees don't work that long and hard, it takes someone who really believes in the cause to do it. The real reason for the last crash I think was since a hacker fucked with the price discovery with the exchange site sending Bitcoins to the value of a penny almost instantly. Mark is the most important person in the Bitcoin community who has the most influence over price discovery. He's on the crypto-anarchist side too (I believe).

I'm hoping when the price drops next time people listen to guys like Chris Duane and they all hate Bitcoin so I can buy it. Just do the opposite of what these gurus tell you since they are almost always wrong. Typically the best time to buy is when no one wants something, and know one cares.

Personally I think Bitcoin will crash one day namely as Don points out that there will be a better cryptocurrency coming down the pike. My biggest issue with Bitcoin is how much damn data the blocks take up till your Bit Client is up to date. I think it's ridiculous and needs to be simplified somehow.

[Mouse]

I honestly don't know. It should have crashed by now but hasn't. If it does crash it won't be to $2 again though since people will buy it up as it goes down, all wanting to get the next bottom. There's many people, including myself who wish we loaded the boat last time it dropped to $2. I think there's strong support in the 20s and 30s now psychologically, but that's just my own guestimation. Too many veterans are waiting on the sidelines to buy up Bitcoins when the price goes down and then there's a crap load of people who know nothing about investing who are buying since the price is going up (what most inexperienced investors do.) I've spoken with the owner of Mt Gox, a Frenchie living in Japan named Mark Karpeles (MagicalTux on IRC). He's done a lot to make sure there are no flash crashes like the last time and has done a lot of work to make the servers suddenly "work slowly" when people seem to be panic selling, if you catch my drift. He works almost 16 hours a day like me, so I believe he has a good handle on things THIS TIME. Paid CIA employees don't work that long and hard, it takes someone who really believes in the cause to do it. The real reason for the last crash I think was since a hacker fucked with the price discovery with the exchange site sending Bitcoins to the value of a penny almost instantly. Mark is the most important person in the Bitcoin community who has the most influence over price discovery. He's on the crypto-anarchist side too (I believe).

I'm hoping when the price drops next time people listen to guys like Chris Duane and they all hate Bitcoin so I can buy it. Just do the opposite of what these gurus tell you since they are almost always wrong. Typically the best time to buy is when no one wants something, and know one cares.

Personally I think Bitcoin will crash one day namely as Don points out that there will be a better cryptocurrency coming down the pike. My biggest issue with Bitcoin is how much damn data the blocks take up till your Bit Client is up to date. I think it's ridiculous and needs to be simplified somehow.

I am not invested in BTC's but I have been following it for about a year or more. Probably your fault. I think the annoying block sequence checking every thing from birth is actually the only way to provide the trust that is required of a real exchange note. The relentless hashing required to check a transaction's trust/legitimacy is the dirt from which the "currency" springs. The work earns a fair return and provides a necessary service. The bigger the bitblock trail the better.

[Hypertiger]

It's just a scam.

But like all scams it looks positive at the start and negative at the end.

During the inflationary or positive phase of the lie...All believe it to be Truth.

Until the maximum potnetial inflation is reached...Then the lie that all the ignorant people believe is Truth...Is revealed to be a lie when the demand of the lie for power to sustain it's appearance as Truth to the ignorant becomes greater than the supply and the lie self destructs during the negative phase of the lie.

that is what lies do...take more power than they give to fight Truth until the lie reaches the point where it requires infinite power to sustain the war against Truth...

The key problem is that Truth is the supply of power that lies require to sustain their existance.

When a lie requires infinite power...It requires Truth to sustain it's existance...since Truth is the only source of such power

When a lie that is believed to be Truth requires Truth or infinite power to sustain it's existance...The lie self destructs since the lie can't defeat Truth...that is revelation or the lifiting of the veil...

[EE_]

Man offers to sell house for bitcoins
Three years ago, 10,000 BTC bought two pizzas. Now that can comfortably buy a house.
by Timothy B. Lee - Mar 19 2013, 5:45pm MST

Web Culture55 An Alberta man is hoping to become the first person to sell a house for bitcoins. He's asking CAD$405,000, or its equivalent in bitcoins, for the 3.6 acre site.

"We are hoping to be the first piece of real estate sold for bitcoins," Taylor More told us by e-mail. "We think maybe this could help push the currency more mainstream."

His listing describes the property as a "quaint two bedroom bungalow" that "sits on 3.6 acres with beautiful mountain views and 110' of breathtaking Crowsnest River frontage." It includes a 2,800 square foot workshop that More says is "perfect for the handyman hobbiest and also features two additional finished bedrooms."


Enlarge / If you act fast, 6,750 BTC can get you this fine 3.6 acre property."If you had $405k I wouldn't turn you down, but if a partial or whole transaction is done using Bitcoins the price can be reduced depending on how many bitcoins you have to trade."

At the current exchange rate of $60 per bitcoin, buying a $405,000 house would cost about 6,750 BTC.

The value of bitcoins has appreciated dramatically in recent years. In one of the first Bitcoin transactions ever recorded (which took place in May 2010) a man paid 10,000 BTC for two pizzas. If he'd saved those Bitcoins instead, he could have used them to buy More's house with almost $200,000 to spare.

http://arstechnica.com/tech-policy/2...-for-bitcoins/

[sirgonzo420]

Last price: $65.89

[gunDriller]

Last price: $65.89

more digital mania - but i admit, i don't know how Bitcoins work.

but i do know that it involves high-tech, which since about Y2K has tended towards a Jew-heavy management structure.


Silver > Bitcoins.

[Blink]

What a clever way of introducing the masses to pure digital currency. Let them think they made it up to circumvent the banker criminals and once everyones on board, crash it or take it over. South Korea is a recent good example about how easy it is to crash a system...........

[Neuro]

What a clever way of introducing the masses to pure digital currency. Let them think they made it up to circumvent the banker criminals and once everyones on board, crash it or take it over. South Korea is a recent good example about how easy it is to crash a system...........

South Korea? Did I miss something?