Topic: 2013-02-19 gizmag.com: 300 million dollars out of thin air: Bitcoin turns four (Read 1690 times)
February 22, 2013, 09:41:22 AM
Gabi you made my day thank you so much
February 21, 2013, 11:43:20 AM
Here is the truth:
February 21, 2013, 04:00:18 AM
iHeartSmartArt, this technique is snake oil. I hope you realize this. A 2-year old can position and resize the spiral to match any part of the price curve going up or down. Or even sideways 
February 21, 2013, 03:26:14 AM
I read a rare book called The Spiral Calender about stocks mimicking the "divine proportion" or golden ratio, ΦBTCΦBTCΦ
I overlapped an image of the Phi ( Φ = 1.618033988749895) golden mean ratio spiral over the same bit chart in the article and found..
the 300 million seems to be predicted by the spiral placed at the peak in 2011. I call it the Golden Bit Spiral,
I overlapped an image of the Phi ( Φ = 1.618033988749895) golden mean ratio spiral over the same bit chart in the article and found..
the 300 million seems to be predicted by the spiral placed at the peak in 2011. I call it the Golden Bit Spiral,
February 21, 2013, 02:59:35 AM
Generally pretty good article for we are at in the adoption curve i thought.
The comments are quite illustrative also. Still a big range of opinions, from outright disgust (likely a manifestation of freaked-out denial) to pumped up exuberance.
" A deer in the headlights" reaction hasn't shown itself as far as I can make out ... but surely it must have gotten some people involved with money and finance wondering? ... like when the water-goes-out-before the-tsunami kind of curious wondering maybe is all this stage?
The comments are quite illustrative also. Still a big range of opinions, from outright disgust (likely a manifestation of freaked-out denial) to pumped up exuberance.
" A deer in the headlights" reaction hasn't shown itself as far as I can make out ... but surely it must have gotten some people involved with money and finance wondering? ... like when the water-goes-out-before the-tsunami kind of curious wondering maybe is all this stage?
February 20, 2013, 01:27:02 PM
Alastair Carnegie
Anybody see this in comments section? duh, erp derp!
FF
I just read Gavin's response.Anybody see this in comments section? duh, erp derp!
FF
Yeah, too funny.
February 20, 2013, 11:05:26 AM
Alastair Carnegie
Anybody see this in comments section? duh, erp derp!
FF
I just read Gavin's response. Anybody see this in comments section? duh, erp derp!
FF
February 20, 2013, 11:00:41 AM
Alastair Carnegie
Anybody see this in comments section? duh, erp derp!
FF
Anybody see this in comments section? duh, erp derp!
FF
February 20, 2013, 08:18:34 AM
Welcome, welcome new "investors".
I wondered when we see the first of those articles. If we break our all time high, I expect to see a lot of them.
Then we will be bubbling like crazy (again).
I wondered when we see the first of those articles. If we break our all time high, I expect to see a lot of them.
Then we will be bubbling like crazy (again).
Nothing surprising here.
This is normal with any new currency or any new market. There will be speculation, there will be bubbles. Lots of them.
February 20, 2013, 07:58:25 AM
Quote
Right now, it's riding higher than it ever has and spiking upwards like crazy, and there's every chance you can still make money as a speculator –
Welcome, welcome new "investors".
I wondered when we see the first of those articles. If we break our all time high, I expect to see a lot of them.
Then we will be bubbling like crazy (again).
February 20, 2013, 07:54:34 AM
http://www.gizmag.com/bitcoin-creation-value-overview/26325/
Quote
300 million dollars out of thin air: Bitcoin turns four and approaches $30 value
This could turn out to be one of the most remarkable stories of our era – or one of the biggest scams in human history. Bitcoin, the anonymous digital currency, is more than four years old now, and a single bitcoin has gone from being worth literally nothing in 2009 to being worth nearly US$30 at current market values. Here's a quick primer on the Bitcoin system, how some anonymous programmers managed to create 300 million dollars out of thin air, what you can do with bitcoins, and a few words of warning.
This could turn out to be one of the most remarkable stories of our era – or one of the biggest scams in human history. Bitcoin, the anonymous digital currency, is more than four years old now, and a single bitcoin has gone from being worth literally nothing in 2009 to being worth nearly US$30 at current market values. Here's a quick primer on the Bitcoin system, how some anonymous programmers managed to create 300 million dollars out of thin air, what you can do with bitcoins, and a few words of warning.
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