A brokerage hidden in TOR??
sounds legit
Holy smokes, it's starting!
yes, some latecomers did not have a chance to lose their shirts in the GLBSE
Topic: Bitcoin price increases are just getting started (Read 37579 times)
A brokerage hidden in TOR??
sounds legit
yes, some latecomers did not have a chance to lose their shirts in the GLBSE
A brokerage hidden in TOR??
Holy smokes, it's starting!
If BTC retains its unique properties, $100 will only be a blimp on the historical radar.
Bitcoin cleared $100 yesterday, and I'm reviving this thread in which in 2011 I predicted wild growth ahead before even the first bitcoin bubble. Note that the arguments in the OP are no less valid today!
impatiently waiting for billions of something to move into bitcoin
hahaha. Made me laugh because of the recognition of familiarity.
Did everyone hop aboard the crazy train before it departed?!!?
I made an extra 0.1 BTC out of the whole craziness. Ok.. so in USD terms I'm down - but I'm just after any little increase I can get in my share of the BTC pie.
Hey.. it's a trivial amount - but for me it was faster (though more stressful!) than mining that 0.1
I don't have the stomach for profiting on day trading I think. On the few occasions I feel confident enough in my predictions of a fall and get out of a few BTC .. I panic and get back in too soon.
Did everyone hop aboard the crazy train before it departed?!!?
I may have missed part of the conversation, but it seems like you guys are making this too complicated. All you need to use BTC to make stock trades (or any securities for that matter_) is a bank that accepts BTC, offers numbered accounts, and will let you trade securities on any exchange. Once the BTC are in the account, you're off to the races. You don't need to worry about counter-parties -- the BTC would be converted to the local currency, and then you go long or short at will.
Mack
Mack
I think the complicated part is do it without the need of that bank or any centralized third party.
I may have missed part of the conversation, but it seems like you guys are making this too complicated. All you need to use BTC to make stock trades (or any securities for that matter_) is a bank that accepts BTC, offers numbered accounts, and will let you trade securities on any exchange. Once the BTC are in the account, you're off to the races. You don't need to worry about counter-parties -- the BTC would be converted to the local currency, and then you go long or short at will.
Mack
Mack
Post #1 has been updated to include a link to this thread which is my current best guess on how commodity speculation will happen using bitcoin: http://forum.bitcoin.org/index.php?topic=31032.0
I'm still waiting for bitcoin price increases to be started. 
You'll have to wait until monday. We are doing our traditional weekend droop.
I'm still waiting for bitcoin price increases to be started.
Nice. Not fair, but nice. 
Wow. I just read this thread (because of your siggy).
Nice discussion. Wow, you sure "talk" a lot with your friend there. How fast do you type that your friend doesn't have time to respond to each "send" ? lol
Nice discussion. Wow, you sure "talk" a lot with your friend there. How fast do you type that your friend doesn't have time to respond to each "send" ? lol
He was on a smartphone, and I was on a keyboard
Wow. I just read this thread (because of your siggy).
Nice discussion. Wow, you sure "talk" a lot with your friend there. How fast do you type that your friend doesn't have time to respond to each "send" ? lol
Nice discussion. Wow, you sure "talk" a lot with your friend there. How fast do you type that your friend doesn't have time to respond to each "send" ? lol
This video interview is great:
http://www.youtube.com/watch?v=ygoqDBfjimM
It's Bruce Wagner describing bitcoin, and he goes into detail on what bitcoins could be worth someday. He describes something similar to my logic from post #1.
(Warning, it's a LONG interview, but worth it).
http://www.youtube.com/watch?v=ygoqDBfjimM
It's Bruce Wagner describing bitcoin, and he goes into detail on what bitcoins could be worth someday. He describes something similar to my logic from post #1.
(Warning, it's a LONG interview, but worth it).
Ah, yes. But those assumptions could take decades to come to fruition. They have almost zero bearing on what the value of a bitcoin will be next week or next year.
Exactly! I always say that short-term market fluctuations are entirely unpredictable. Daytrading bitcoin does not make sense to me. I intend to hold 5-10 years.
Ah, yes. But those assumptions could take decades to come to fruition. They have almost zero bearing on what the value of a bitcoin will be next week or next year.
I guess everyone will decide what time-frame they care about. I personally am expecting additional massive increases in bitcoin prices in the coming years, so I have no problem holding bitcoins through these fluctuations.
What math? Are you talking about guessing the 'proper' value of a bitcoin, based upon assumptions of the size of the (non-speculation based) Bitcoin economy? Because it's a rediculous assertion that you, me or anyone can actually know what that is. We can't even get a decent guess without first knowing how much trade goes on within such walled gardens as SilkRoad, OTC or BlackMarket. Just looking at the volume of trade on those currency trading sites like MtGox doesn't tell you anything of usefullness, except that the market price is what the market price says that it is.
Not math specifically. Rather, the logic of my first post in this thread, which yields an equation you can plug numbers into.
I in no way assert that one can know the numbers to plug in with any precision. Rather, I assert that any reasonable guess at the numbers yields a per-bitcoin value orders of magnitude higher than current prices.
Ah, yes. But those assumptions could take decades to come to fruition. They have almost zero bearing on what the value of a bitcoin will be next week or next year.
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