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Topic: Will we hit 100 today (Wed 27th of March) ? (Read 3892 times)

legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
March 27, 2013, 07:18:07 PM
#51
I told my wife on Monday that if the price reached $100 by Friday evening, I'd take her to a nice dinner with half of one.  We're both watching the price with great anticipation.  Smiley

So just a $50 dinner?

Why not a $100 dinner?  Cheesy
legendary
Activity: 2101
Merit: 1061
Not a chance of hitting $100 today. Price will stay at $90 for a while I reckon. Although it could even drop down to about $60 and still be in the same uptrend. It will hit $100 soon though, like within a week or so.
hero member
Activity: 532
Merit: 500
Actually,we hit 100 since the 70's if you knew where to look then.
hero member
Activity: 882
Merit: 1000
I would have said it would take another couple of weeks to break $100, but this news could push us there by the end of this week:

http://techcrunch.com/2013/03/27/expensify-now-offers-support-for-bitcoin-an-alternative-to-paypal-for-international-contractors/

Though I expect a pull back once breaking it, as usual.  Then we'll break it again, and again, and after a few tries we'll stay above it.
sr. member
Activity: 381
Merit: 250

Or might it be that since people are going to the bank or ATM anyway, they figure they may as well withdraw some extra just in case of banking shenanigans?

For exactly the above reason, most people will do 1 of 2 things:

1) empty their account
2) withdraw the max allowed

Once they have cash, then they'll figure out what they will do with it..  I'm thinking the most likely scenario:

1) pay bills
2) put rest under matress

a very few will actually look for banking alternatives... and a very few of those few will put some of their cash into bitcoin. 

Sigg



legendary
Activity: 1036
Merit: 1000
Nitpick: wouldn't the payday withdrawals be (more than) offset by the payday payments from employers?

Or might it be that since people are going to the bank or ATM anyway, they figure they may as well withdraw some extra just in case of banking shenanigans?
sr. member
Activity: 504
Merit: 250
Cyprus banks either opening to a bank run or not opening tomorrow, most Europeans got their paycheck today!

So some cash withdrawals in Europe because of fear which fuels more fear in the european markets togther with more Europeans buying Bitcoins than ever the following days.

Yeah, double fear factor in the euro markets tomorrow and europeans buying Bitcoins the folowing days. A mixture made for a jump into triple digits!!!
legendary
Activity: 1400
Merit: 1005
After the previous all time high of 2011, $100 will be the biggest resistance point.
If we cross this, $100 will be a huge support.
I also hope we will make an global agreement of displaying Bitcoin not in BTC anymore but mBTC.
This will make it more attracting for new comers.

I don't like "mBTC" - too many letter smashed together, too nerdy-sounding. There's really no particular reason to hold on to the term BTC at all, in the long term; it's purely arbitrary. (True, in the short term it is useful to impress people with the growth.)

I say we just switch to bitcents. One bitcent is almost a dollar now. Perhaps the currency code symbol could be "BCT." Does that open up more possibilities than BTC?

my personal preference... mBTC to be refered to as "bit" or "bits"   rolls off the tounge really easy if you say it....  "That'l be 2 bits please"

Sigg
I seriously like that idea.  It's perfect, IMO.

BRB, going to start a Bit exchange.  Tongue
sr. member
Activity: 381
Merit: 250
my personal preference... mBTC to be refered to as "bit" or "bits"   rolls off the tounge really easy if you say it....  "That'l be 2 bits please"

That's kinda cool and has an "Olde Tyme" ring to it because two bits used to mean a quarter. "Shave and a haircut......two bit!" It harks back to a time when currencies didn't get debased and may help draw in the older crown who are losing their retirement funds to inflation.

The only drawback is that it doesn't have a unique meaning. "Bitcoin" can only refer to Bitcoin, but "bit" can refer to a lot of things. This is disadvantageous in terms of search engines, keyword analysis, and other things, as well as being ambiguous in some situations.

Glad someone caught the 2 bits reference Smiley ...  and I didn't even think about the apealing to the older crowd angle..   

Not sure the ambiguity would be that big of an issue.. a lot of words have multiple meanings.. we seem to get along just fine.

Sigg
legendary
Activity: 1036
Merit: 1000
my personal preference... mBTC to be refered to as "bit" or "bits"   rolls off the tounge really easy if you say it....  "That'l be 2 bits please"

That's kinda cool and has an "Olde Tyme" ring to it because two bits used to mean a quarter. "Shave and a haircut......two bit!" It harks back to a time when currencies didn't get debased and may help draw in the older crown who are losing their retirement funds to inflation.

The only drawback is that it doesn't have a unique meaning. "Bitcoin" can only refer to Bitcoin, but "bit" can refer to a lot of things. This is disadvantageous in terms of search engines, keyword analysis, and other things, as well as being ambiguous in some situations.
sr. member
Activity: 381
Merit: 250
Ive always liked the idea of SI prefixes.

millibit, microbit, nanobit for short.

But that's not what this thread is aboot.

Oooh... I will scream like a teen-aged-girl the first time I see something priced in nanobits... Smiley

Sigg     
legendary
Activity: 1036
Merit: 1000
My GF bitched me out last night because she said I wouldn't stop talking about Bitcoin and I wasn't paying enough attention to her.

When you're checking the price when she gets up to go to the bathroom during sex, you know you have a problem.
hero member
Activity: 588
Merit: 500
Hero VIP ultra official trusted super staff puppet
Ive always liked the idea of SI prefixes.

millibit, microbit, nanobit for short.

But that's not what this thread is aboot.

Don't you mean 'abit'?
sr. member
Activity: 303
Merit: 250
Ive always liked the idea of SI prefixes.

millibit, microbit, nanobit for short.

But that's not what this thread is aboot.
sr. member
Activity: 381
Merit: 250
After the previous all time high of 2011, $100 will be the biggest resistance point.
If we cross this, $100 will be a huge support.
I also hope we will make an global agreement of displaying Bitcoin not in BTC anymore but mBTC.
This will make it more attracting for new comers.

I don't like "mBTC" - too many letter smashed together, too nerdy-sounding. There's really no particular reason to hold on to the term BTC at all, in the long term; it's purely arbitrary. (True, in the short term it is useful to impress people with the growth.)

I say we just switch to bitcents. One bitcent is almost a dollar now. Perhaps the currency code symbol could be "BCT." Does that open up more possibilities than BTC?

my personal preference... mBTC to be refered to as "bit" or "bits"   rolls off the tounge really easy if you say it....  "That'l be 2 bits please"

Sigg
legendary
Activity: 1036
Merit: 1000
After the previous all time high of 2011, $100 will be the biggest resistance point.
If we cross this, $100 will be a huge support.
I also hope we will make an global agreement of displaying Bitcoin not in BTC anymore but mBTC.
This will make it more attracting for new comers.

I don't like "mBTC" - too many letter smashed together, too nerdy-sounding. There's really no particular reason to hold on to the term BTC at all, in the long term; it's purely arbitrary. (True, in the short term it is useful to impress people with the growth.)

I say we just switch to bitcents. One bitcent is almost a dollar now. Perhaps the currency code symbol could be "BCT." Does that open up more possibilities than BTC?
legendary
Activity: 2097
Merit: 1068
unless gox decides to work overtime clearing all that backlog

I doubt that, they're already making plenty of money.

The longer it takes the higher the price so the more commission they make on the eventual transactions.
sr. member
Activity: 374
Merit: 250
Tune in to Neocash Radio
-\_ o_o _/-

I don't know.
hero member
Activity: 812
Merit: 1001
-
unless gox decides to work overtime clearing all that backlog
legendary
Activity: 1145
Merit: 1001
Time to dump her.

BTC won't reach $100 today, but by the weekend is looking good.
Wat about the weekend dip?
I call monday.

Monday is a holiday in many countries (Easter Monday), so I call Tuesday.
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