Bitcoin
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- animatedgif0
Hahaha those fucking dotcom chumps, that thing never took off.
oh...
hang...
on
- zaq0
I just wish mtgox would disappear, so people stop comparing the value of bitcoins based on USD.
- ETM0
@omg
Has it always cost 0.80BTC? As well, as previously discussed on this thread, you are not using "inflation" correctly in the context. Inflation is the decrease in buying power of a currency. Example. last week a loaf of bread cost $2.00, now it's $3.00, next week it's $4.00. That's inflation. The currency's buying power diminishes causes dramatic price increases to obtain the same materials/products.With bitcoins, it's been the opposite. It's buying power is rising. As well, a currency's value in USD (or other currency) is not it's finite value. In theory, bitcoin does not follow standard economic models as it's a "global" currency. Not hinged to a country or standard. It's value within it's own ecosystem is simply what one charges or is willing to pay, not what it's worth against other currencies.
Within it's own context, 0.8btc may be perfectly reasonable. Or perhaps the person charging 0.8btc is simply overpriced. That's for the bitcoin market to establish. Will someone pay that or not? They're not paying in USD, they're paying in bitcoins.
But if you can only think of a bitcoin simply as it's value in USD, then like many people, are not fully understanding this new currency.
- animatedgif0
^ Maybe that website (Which I've never even heard of) doesn't update it's values in real time or ever?
- omg0
Bitcoin is so inflated!
An AeroShot Inhalable caffeine 100mg is $2.99 normally in USD but this ebay like site is selling it at .80BTC which is $154.84 USD.
https://www.bitmit.net/en/item/5…
- pablo280
Bitcoin Explained
- plash0
this is all quite healthy for an evaluation of the performance. Since bitcoin has no measurable fundamentals, technical analysis is one of the only options left to try and derive "value".The flat line at 150 is trying to show for a 3 day period the price tried to move above 150 and then consolidated at that level. At which point we would consider 150 the "ceiling". Shortly after the price broke higher thus 150 becomes a "Floor". The other sloped red line is projected longer term performance ( still only 9 days) trend line. It shows how the prices bottomed at predictable points from April 1 - 7. If you extrapolate that line forward through today, it's basically saying the outcome of this crash will be BTC in the $150-$170 range.
- ESKEMA0
Is there bitcoin cents? Does it divides itself? If its worth more than 200$ now, how do you pay for something that costs 1? Anyone care to explain?
- plash0
Bitcoin value plummets, losing as much as 41% of its value in a single day.
- finally. now i can feel less shit about not buying somescarabin
- it sure went by the book didn't it http://en.wikipedia.…scarabin
- I know someone with 50 coins mined 3 years ago. They didn't sell, but if they did at $260, that would have been $12k!ETM
- zaq0
who missed the train, now is the time.
- Ianbolton0
Nice article...
The Bitcoin Bubble and the Future of Currency
https://medium.com/money-banking…
- zaq0
MtGox, Coinbase. Sell is easier than buy.
$264 ... you should wait until $300
- Yeah not selling yet, just want to know where when the time comes.animatedgif
- animatedgif0
Wheres a good place to sell?
- scarabin0
goddamnit. when it was $88 i sat at my desk for hours looking into buying some and reading all the "omg it's a bubble" guys made me decide against it. i could have doubled my money in like a week
now i'm back to square one
- zaq0
^ looks like as most people who comment on bitcoin http://www.qbn.com/topics/655675…
- i_monk0
I don't understand a damn thing about this.