Yeah baby!!!
VOLATILITY!!!
VOLATILITY!!!
I wonder if this has anything to do with the resilience in price over the past 24hs.
https://twitter.com/maxkeiser/status/399173865026224128
Quote
Max Keiser @maxkeiser
We are waiting to hear about a new MAJOR Bitcoin player news tomorrow... could boost price guidance.
We are waiting to hear about a new MAJOR Bitcoin player news tomorrow... could boost price guidance.
https://twitter.com/maxkeiser/status/399173865026224128
If this has something to do with Bitmit suddenly shutting up shop then we're only in the foothills.
I think it was this (already reported here):
http://www.coindesk.com/shopify-integrates-bitcoin-payments/
probably... or are there other news today?
I thought we might settle back at ~$350 on Gox today, setting up for Monday (in case another bullish week ensues following this). Plenty of volume now though. Certainly plenty of capitulation this weekend from those taking down profits..
Am I a wizard?
You guys have got to watch for those dub apps.
I seem to remember some guy saying "anything below $300 is a bargain" - i feel like he almost singlehandedly saved bitcoin
Quote from: Tyler Durden
As Bitcoin Plunges 25% On Government Scrutiny, The First BTC "Fair Value" Reco Has A Stunning Price Target
Let’s use a broad guesstimate. One Bitcoin should theoretically be worth 700 ounces of gold or pretty close to $1,000,000, if we adjust existing supply of both to equal eachother. One BTC is currently worth 0.14 ounces of gold. That gives BTC an upside of 5000 times to equal the current price of gold, supply adjusted. Clearly, I and everyone else believes that Gold may well be much higher than here in the next 5 to 10 years, thus versus the US Dollar the upside for BTC could be multiples of that. Now, before you shake your head, simply go back to the chart of Gold versus the US Dollar and just recognise that it has risen 8750% since the 1920s. And just remember that Microsoft rose 61,000% from its IPO to it’s peak. Considering what we know about the world, I personally believe that Bitcoin may well explode in value as more and more people begin to use it. If you stuck $5,000 into Bitcoins and each Bitcoin did go up to a gold equivalent of let’s say, only 100 ounces of gold (not the potential fair value of 700), then at current prices your Bitcoin stash would be worth $3.3m.
http://www.zerohedge.com/news/2013-11-10/bitcoin-plunges-25-government-scrutiny-first-btc-fair-value-reco-has-stunning-price-
For 700 ounces of gold a BTC I'll sell a considerable portion of my Bitcoins.
if it only goes to 1 mil I will be disappoint
I figure 7M probably
I figure 7M probably
BONUS
Incoming apple bottom...
I can watch this all night long
Hey there's a hoola hoop! Neat!
Thanks guys for all the pics. The lady next to me in the train has a nice impression of me now
Ask her if she has a hoola hoop with her!
