Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 34027.

molecular

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Quote from: arepo on April 27, 2013, 01:37:20 PM

Quote from: molecular on April 27, 2013, 01:30:36 PM

Quote from: ineededausername on April 27, 2013, 01:16:07 PM

Here comes the panic again? Fun times! I'm going to buy a crazy amount of coins at $100 if it gets there.

not nearly as violent as the last time we bounced off $0.12. Nowhere near the volume. I doubt we'll even retest $0.12

agree, i called the bottom in my thread.

can you link "your thread"? Looked through your recent posts but couldn't locate it.

crazy_rabbit

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RUM AND CARROTS: A PIRATE LIFE FOR ME

Quote from: TheKoziTwo on April 27, 2013, 01:59:27 PM

Quote from: KillaMarci on April 27, 2013, 01:52:10 PM

Can someone explain to me why many people use millibitcoin instead of actual bitcoin? I saw some people talk about it but I still don't get what makes it 'better'? Isn't it essentially just BTC/1000?

Some claim that it's easier to price products such as 1.9 mBTC rather than 0.0019 BTC or 250 mBTC rather than 0.25 BTC. Also, it may be less of a psychological barrier to purchase 100 mBTC than 0.1 BTC. We can already hear complaints such as "bitcoin is too costly, I can't afford it", despite the fact that it's possible to purchase less than 1 BTC.. So if everyone starts using mBTC it may have a positive effect on the price, it doesn't sound as costly to pay $0.12 for a mBTC compared to $120 for a BTC. Just look at the alternative chains, even though they have a lot more coins, the price seems to be going up quite high regardless. E.g litecoin is about $4, but there will be 84 million coins, so essentially if we compare to bitcoin that's $4*$4, $16 at the moment, what bitcoin wasn't even worth in the beginning of this year.

I think the milli crowd has an entirely legitimate point. It's hard to price a cup a coffee at .003 BTC or something like that. It should be one unit of bitcoin = 1 cup of coffee.

I like to think so anyway.

TheKoziTwo

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Quote from: KillaMarci on April 27, 2013, 01:52:10 PM

Can someone explain to me why many people use millibitcoin instead of actual bitcoin? I saw some people talk about it but I still don't get what makes it 'better'? Isn't it essentially just BTC/1000?

Some claim that it's easier to price products such as 1.9 mBTC rather than 0.0019 BTC or 250 mBTC rather than 0.25 BTC. Also, it may be less of a psychological barrier to purchase 100 mBTC than 0.1 BTC. We can already hear complaints such as "bitcoin is too costly, I can't afford it", despite the fact that it's possible to purchase less than 1 BTC.. So if everyone starts using mBTC it may have a positive effect on the price, it doesn't sound as costly to pay $0.12 for a mBTC compared to $120 for a BTC. Just look at the alternative chains, even though they have a lot more coins, the price seems to be going up quite high regardless. E.g litecoin is about $4, but there will be 84 million coins, so essentially if we compare to bitcoin that's $4*$4, $16 at the moment, what bitcoin wasn't even worth in the beginning of this year.

GreekGeek

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Jesus was a (Goddamn) hippy socialist

Quote from: KillaMarci on April 27, 2013, 01:52:10 PM

Can someone explain to me why many people use millibitcoin instead of actual bitcoin? I saw some people talk about it but I still don't get what makes it 'better'? Isn't it essentially just BTC/1000?

In a few years time we will use μBTC (micro bitcoins) in every day conversations Grin

KillaMarci

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Bitcoin Mininode...and proud!

Can someone explain to me why many people use millibitcoin instead of actual bitcoin? I saw some people talk about it but I still don't get what makes it 'better'? Isn't it essentially just BTC/1000?

ElectricMucus

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Marketing manager - GO MP

Quote from: Krabby on April 27, 2013, 01:40:08 PM

Quote from: ElectricMucus on April 27, 2013, 01:34:52 PM

Quote from: molecular on April 27, 2013, 01:30:36 PM

Quote from: ineededausername on April 27, 2013, 01:16:07 PM

Here comes the panic again? Fun times! I'm going to buy a crazy amount of coins at $100 if it gets there.

not nearly as violent as the last time we bounced off $0.12. Nowhere near the volume. I doubt we'll even retest $0.12

Please don't tell me you actually jumped on the "Lets use millibitcoin and pretend this is sustainable" bandwagon?

I'm going to start doing this.

Ignorance is bliss uh?

Krabby

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https://primedao.eth.link/#/

Quote from: ElectricMucus on April 27, 2013, 01:34:52 PM

Quote from: molecular on April 27, 2013, 01:30:36 PM

Quote from: ineededausername on April 27, 2013, 01:16:07 PM

Here comes the panic again? Fun times! I'm going to buy a crazy amount of coins at $100 if it gets there.

not nearly as violent as the last time we bounced off $0.12. Nowhere near the volume. I doubt we'll even retest $0.12

Please don't tell me you actually jumped on the "Lets use millibitcoin and pretend this is sustainable" bandwagon?

I'm going to start doing this.

arepo

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Activity: 448

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this statement is false

Quote from: molecular on April 27, 2013, 01:30:36 PM

Quote from: ineededausername on April 27, 2013, 01:16:07 PM

Here comes the panic again? Fun times! I'm going to buy a crazy amount of coins at $100 if it gets there.

not nearly as violent as the last time we bounced off $0.12. Nowhere near the volume. I doubt we'll even retest $0.12

agree, i called the bottom in my thread.

ElectricMucus

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Quote from: molecular on April 27, 2013, 01:30:36 PM

Quote from: ineededausername on April 27, 2013, 01:16:07 PM

Here comes the panic again? Fun times! I'm going to buy a crazy amount of coins at $100 if it gets there.

not nearly as violent as the last time we bounced off $0.12. Nowhere near the volume. I doubt we'll even retest $0.12

Please don't tell me you actually jumped on the "Lets use millibitcoin and pretend this is sustainable" bandwagon?

KillaMarci

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Activity: 84

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Bitcoin Mininode...and proud!

Quote from: ineededausername on April 27, 2013, 01:31:51 PM

Everyone needs to try harder, today has been somewhat boring. Tongue

Pretty much every Bitcoin weekend is boring Sad

Is it because the big traders are taking the day off?

molecular

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Activity: 2772

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Quote from: ineededausername on April 27, 2013, 01:31:51 PM

Everyone needs to try harder, today has been somewhat boring. Tongue

yawn... I think I'll watch a movie. bitfetch.com for the win.

SAQ

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Quote from: KillaMarci on April 27, 2013, 01:22:30 PM

Quote from: ineededausername on April 27, 2013, 01:16:07 PM

Here comes the panic again? Fun times! I'm going to buy a crazy amount of coins at $100 if it gets there.

Doubt it will do that, there's the great wall of China @ 120

Got to take out 125 first

ineededausername

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bitcoin hundred-aire

Everyone needs to try harder, today has been somewhat boring. Tongue

molecular

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Activity: 2772

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Quote from: ineededausername on April 27, 2013, 01:16:07 PM

Here comes the panic again? Fun times! I'm going to buy a crazy amount of coins at $100 if it gets there.

not nearly as violent as the last time we bounced off $0.12. Nowhere near the volume. I doubt we'll even retest $0.12

AmazonStuff

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Activity: 628

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Quote from: KillaMarci on April 27, 2013, 01:22:30 PM

Quote from: ineededausername on April 27, 2013, 01:16:07 PM

Here comes the panic again? Fun times! I'm going to buy a crazy amount of coins at $100 if it gets there.

Doubt it will do that, there's the great wall of China @ 120

Who knows maybe it's the Great Fake Wall of China Cheesy

dmiceman

full member

Activity: 128

Merit: 100

Quote from: ineededausername on April 27, 2013, 01:16:07 PM

Here comes the panic again? Fun times! I'm going to buy a crazy amount of coins at $100 if it gets there.

And dump them again at 80? Cool plan.

Anyway, does not seems it happens today. May be price will even go into high 130 one more time.

ineededausername

hero member

Activity: 784

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bitcoin hundred-aire

Quote from: KillaMarci on April 27, 2013, 01:22:30 PM

Quote from: ineededausername on April 27, 2013, 01:16:07 PM

Here comes the panic again? Fun times! I'm going to buy a crazy amount of coins at $100 if it gets there.

Doubt it will do that, there's the great wall of China @ 120

either way I'm happy... I have coins, too

crazy_rabbit

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RUM AND CARROTS: A PIRATE LIFE FOR ME

I'm totally happy chilling between $120 and $140. I'd be thrilled if it lasted 6 months like this.

KillaMarci

member

Activity: 84

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Bitcoin Mininode...and proud!

Quote from: ineededausername on April 27, 2013, 01:16:07 PM

Here comes the panic again? Fun times! I'm going to buy a crazy amount of coins at $100 if it gets there.

Doubt it will do that, there's the great wall of China @ 120

Krabby

sr. member

Activity: 644

Merit: 250

https://primedao.eth.link/#/

Quote from: ineededausername on April 27, 2013, 01:16:07 PM

Here comes the panic again? Fun times! I'm going to buy a crazy amount of coins at $100 if it gets there.

I wish :/

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