The Bitcoin Tracking Thread

[Ares]

http://ts3.mm.bing.net/th?id=H.47969....1&H=120&W=160



Isn't there a chart we can see the launch into orbit?

Yep

http://bitcoincharts.com/charts/char...width=750&r=60

Found at Bitcoincharts.com

[madfranks]

Try this: https://coinbase.com/charts

It offers a one year chart. The massive upswing is much more visible.

[EE_]

Congrats to all you bitcoin tycoons! You were all right.
There's no stopping it now. People are lining up with 10's of thousands of their money to buy them.

It sucks to miss the greatest discovery since the computer was invented.
I won't be surprised to see bitcoin at $1,000 within two weeks.

[Horn]

It sucks to miss the greatest discovery since the computer was invented.
I won't be surprised to see bitcoin at $1,000 within two weeks.

Isn't there some sort of little applet we can stick next to the kitco ticker,

so we can let the world know of our yiddish giddiness?

What a joke.

[Son-of-Liberty]

I agree these prices are insane, but most people are insane these days so fighting it is just a waste of energy.

[drafter]

With people being priced out of bitcoin quickly, does anybody think the alternatives such as litecoin and worldcoin will see more interest? From what I see, it's definitely more difficult to get into the bitcoin alternatives short of converting bitcoins which I'd probably do if I had more than one.

[EE_]

With people being priced out of bitcoin quickly, does anybody think the alternatives such as litecoin and worldcoin will see more interest? From what I see, it's definitely more difficult to get into the bitcoin alternatives short of converting bitcoins which I'd probably do if I had more than one.

It's impossible to get priced out of bitcoin.
You could buy 1/100 bitcoin for 5 dollars, 1/1,000 for .50...an so on.

[Sparky]

With people being priced out of bitcoin quickly, does anybody think the alternatives such as litecoin and worldcoin will see more interest? From what I see, it's definitely more difficult to get into the bitcoin alternatives short of converting bitcoins which I'd probably do if I had more than one.

Yes, people will soon realize that they can buy in at a lower price at any one of the many other lower-priced alternatives that are also easily created electronically.

Soon after that, they will also begin to realize...

[madfranks]

Yes, people will soon realize that they can buy in at a lower price at any one of the many other lower-priced alternatives that are also easily created electronically.

Soon after that, they will also begin to realize...

You're right, but there is an economic concept called the first mover advantage, because of which bitcoin has enjoyed massive popularity in spite of the many alternatives. There is also a concept called the second mover advantage, which litecoin has seized upon, by taking the original idea and improving upon it (faster transaction and confirmation times being the most advantageous). Beyond this, it will likely be a game of which crypto currencies hit upon an idea or concept that the others have missed, and try to capitalize on it. Beyond this, there will be dozens of cheap copy cat alt coins which will never actually be taken seriously.

Bitcoin - gold
litecoin - silver
worldcoin/feathercoin/namecoin (not clear which is the dominant third tier yet) - copper
other alt coins - base metals

[Sparky]

Just looking at it technically, it looks like it could blow up to to some ridiculous 600-1000 spike, and then blow out for good. The current 200-day moving average is down at 140.

Well, it looks like we have now rocketed into this bubble range...

Attachment 5682