Topic: Are we about to witness something epic? (Read 5917 times)
I have a feeling epic is about to happen. At least... a little bit of epic, haha. Those walls are building below 11, and we are almost at the daily high on mtgox which seems to have psychological importance. Various analysts have good things to say. Fingers crossed. ;
Also a few million is very little of a unit to have in circulation, any relatively small movement on an international scale can have a massive impact on price.
Actually there are 21,000,000 x 1,000,000,000. Think about it
What will a 0.000000025 price tag look like is my question?
It would look like "25 Satoshi."
It's not yet divisible to 9DP - only 8
so it's 21,000,000 x 100,000,000
So that would be 2.5 Satoshi - not currently possible in the bitcoin client (or on the network I think)
Also a few million is very little of a unit to have in circulation, any relatively small movement on an international scale can have a massive impact on price.
Actually there are 21,000,000 x 1,000,000,000. Think about it
What will a 0.000000025 price tag look like is my question?
It would look like "25 Satoshi."
Also a few million is very little of a unit to have in circulation, any relatively small movement on an international scale can have a massive impact on price.
Actually there are 21,000,000 x 1,000,000,000. Think about it
What will a 0.000000025 price tag look like is my question?
Also a few million is very little of a unit to have in circulation, any relatively small movement on an international scale can have a massive impact on price.
Actually there are 21,000,000 x 1,000,000,000. Think about it
BULLS VERSUS THE BEARS!!!!
FIGHT!!!!
FIGHT!!!!
I agree on the slow-and-steady pattern. What will ultimately get things going is more market depth, and then the final transition where you can actually live on bitcoins. But that is quite a ways off. Can't wait, myself.
Do you think that people can get past the psychological barrier of paying with a deflationary currency? For example if deflationary currency is possible things will cost 0.00000021BTC in the future. We are literally asking people to count backwards, and it's a totally new concept that would seem not work in a practical every day environment.
When I was born, about 100,000 of the currency of my native country would have bought you a house. By the time I turned 12, two zeroes had been removed, but the same 100,000 could only buy you a carton of milk. Around my 17th birthday, another four zeroes were gone, and it couldn't buy you a single match or a candy.
I can live with a deflationary currency, trust me. Just move the decimal place every five years or so.
that's backwards
I agree on the slow-and-steady pattern. What will ultimately get things going is more market depth, and then the final transition where you can actually live on bitcoins. But that is quite a ways off. Can't wait, myself.
Do you think that people can get past the psychological barrier of paying with a deflationary currency? For example if deflationary currency is possible things will cost 0.00000021BTC in the future. We are literally asking people to count backwards, and it's a totally new concept that would seem not work in a practical every day environment.
When I was born, about 100,000 of the currency of my native country would have bought you a house. By the time I turned 12, two zeroes had been removed, but the same 100,000 could only buy you a carton of milk. Around my 17th birthday, another four zeroes were gone, and it couldn't buy you a single match or a candy.
I can live with a deflationary currency, trust me. Just move the decimal place every five years or so.
I agree on the slow-and-steady pattern. What will ultimately get things going is more market depth, and then the final transition where you can actually live on bitcoins. But that is quite a ways off. Can't wait, myself.
Do you think that people can get past the psychological barrier of paying with a deflationary currency? For example if deflationary currency is possible things will cost 0.00000021BTC in the future. We are literally asking people to count backwards, and it's a totally new concept that would seem not work in a practical every day environment.
I agree on the slow-and-steady pattern. What will ultimately get things going is more market depth, and then the final transition where you can actually live on bitcoins. But that is quite a ways off. Can't wait, myself.
I wouldn't mind a gradual increase of $1/week in the price. Keeps things running smoothly. The difficulty drop may be the harbinger of future price increases - based on the last time that happened.
Watching the charts...
A $1 every 2 weeks would be even better. Slow and steady is the way to go if we ever want this "experiment" to work, and turn into a viable currency. Watching the charts...
if it did go up slow and steady, after a while It would start to look like a safe investment, and the speculators would be all over it, driving the price up , which would cause panic buying
then eventually the surge runs out of steam... oh no! SELL! SELL! SELL!is that pattern even avoidable?
Afraid not, bitcoin follows the swings generated by it's milestones good and bad. We haven't even reached V1 yet of the client, so there's a lot to happen yet. Also a few million is very little of a unit to have in circulation, any relatively small movement on an international scale can have a massive impact on price. It will be a long, long while until the price settles in to an equilibrium if ever, as bitcoin has behaved more like a commodity than a currency due to it's scarceness. Currencies fluctuate mildly(on the macro scale at least) just on the basis of their vast quantities in circulation.
I wouldn't mind a gradual increase of $1/week in the price. Keeps things running smoothly. The difficulty drop may be the harbinger of future price increases - based on the last time that happened.
Watching the charts...
A $1 every 2 weeks would be even better. Slow and steady is the way to go if we ever want this "experiment" to work, and turn into a viable currency. Watching the charts...
if it did go up slow and steady, after a while It would start to look like a safe investment, and the speculators would be all over it, driving the price up , which would cause panic buying
then eventually the surge runs out of steam... oh no! SELL! SELL! SELL!is that pattern even avoidable?
Afraid not, bitcoin follows the swings generated by it's milestones good and bad. We haven't even reached V1 yet of the client, so there's a lot to happen yet. Also a few million is very little of a unit to have in circulation, any relatively small movement on an international scale can have a massive impact on price. It will be a long, long while until the price settles in to an equilibrium if ever, as bitcoin has behaved more like a commodity than a currency due to it's scarceness. Currencies fluctuate mildly(on the macro scale at least) just on the basis of their vast quantities in circulation.
I wouldn't mind a gradual increase of $1/week in the price. Keeps things running smoothly. The difficulty drop may be the harbinger of future price increases - based on the last time that happened.
Watching the charts...
A $1 every 2 weeks would be even better. Slow and steady is the way to go if we ever want this "experiment" to work, and turn into a viable currency. Watching the charts...
if it did go up slow and steady, after a while It would start to look like a safe investment, and the speculators would be all over it, driving the price up , which would cause panic buying
then eventually the surge runs out of steam... oh no! SELL! SELL! SELL!is that pattern even avoidable?
Afraid not, bitcoin follows the swings generated by it's milestones good and bad. We haven't even reached V1 yet of the client, so there's a lot to happen yet. Also a few million is very little of a unit to have in circulation, any relatively small movement on an international scale can have a massive impact on price. It will be a long, long while until the price settles in to an equilibrium if ever, as bitcoin has behaved more like a commodity than a currency due to it's scarceness. Currencies fluctuate mildly(on the macro scale at least) just on the basis of their vast quantities in circulation.
I wouldn't mind a gradual increase of $1/week in the price. Keeps things running smoothly. The difficulty drop may be the harbinger of future price increases - based on the last time that happened.
Watching the charts...
A $1 every 2 weeks would be even better. Slow and steady is the way to go if we ever want this "experiment" to work, and turn into a viable currency. Watching the charts...
if it did go up slow and steady, after a while It would start to look like a safe investment, and the speculators would be all over it, driving the price up , which would cause panic buying
then eventually the surge runs out of steam... oh no! SELL! SELL! SELL!is that pattern even avoidable?
I wouldn't mind a gradual increase of $1/week in the price. Keeps things running smoothly. The difficulty drop may be the harbinger of future price increases - based on the last time that happened.
Watching the charts...
A $1 every 2 weeks would be even better. Slow and steady is the way to go if we ever want this "experiment" to work, and turn into a viable currency. Watching the charts...
I wouldn't mind a gradual increase of $1/week in the price. Keeps things running smoothly. The difficulty drop may be the harbinger of future price increases - based on the last time that happened.
Watching the charts...
Watching the charts...
$11 and going strong
Please, not another insane rally. Stable prices makes for a thriving economy with real businesess trading tangible goods and real services! 
But, I guess the free market is free!
Do what you want cause the market is free, YOU ARE A BITCOIN!
But, I guess the free market is free!
Do what you want cause the market is free, YOU ARE A BITCOIN!
Yes, another insane rally. Bitcoin's success depends mainly on the size of the bitcoin community. And nothing attracts people like success. Like it or not, the past "insane rallies" have conservatively doubled the size of the bitcoin community every time. This casino requires more patrons.
We won't be a household name until we're famous, in other words. Being known is not optional. Now get out there and spread the word!
Another quadrupling in difficulty will guarantee $20 as a bitcoin price floor. A currency designed to deflate that actually does? That WILL attract merchants.
All I hope for, is that it happens slowly, so it's not another bubble.
Please, not another insane rally. Stable prices makes for a thriving economy with real businesess trading tangible goods and real services!
But, I guess the free market is free!
Do what you want cause the market is free, YOU ARE A BITCOIN!
But, I guess the free market is free!
Do what you want cause the market is free, YOU ARE A BITCOIN!
Yes, another insane rally. Bitcoin's success depends mainly on the size of the bitcoin community. And nothing attracts people like success. Like it or not, the past "insane rallies" have conservatively doubled the size of the bitcoin community every time. This casino requires more patrons.
We won't be a household name until we're famous, in other words. Being known is not optional. Now get out there and spread the word!
Another quadrupling in difficulty will guarantee $20 as a bitcoin price floor. A currency designed to deflate that actually does? That WILL attract merchants.
Please, not another insane rally. Stable prices makes for a thriving economy with real businesess trading tangible goods and real services!
But, I guess the free market is free!
Do what you want cause the market is free, YOU ARE A BITCOIN!
But, I guess the free market is free!
Do what you want cause the market is free, YOU ARE A BITCOIN!
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