Topic: Will we hit 100 today (Wed 27th of March) ? (Read 3961 times)

So just a $50 dinner?

Why not a $100 dinner? 

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.

Actually,we hit 100 since the 70's if you knew where to look then.

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.

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

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?

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!!!

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

BRB, going to start a Bit exchange. 

Glad someone caught the 2 bits reference ...  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

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.

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

Sigg     

When you're checking the price when she gets up to go to the bathroom during sex, you know you have a problem.

Don't you mean 'abit'?

Ive always liked the idea of SI prefixes.

millibit, microbit, nanobit for short.

But that's not what this thread is aboot.

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 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?

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.

-\_ o_o _/-

I don't know.

unless gox decides to work overtime clearing all that backlog

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

Wat about the weekend dip?
I call monday.

I would say Tuesday by the earliest. There is a significant pyschological resistance to that price.

Depends a bit what happens in Cyprus though.

Just started a relationship thread. lol!

https://bitcointalksearch.org/topic/the-bitcoin-relationship-thread-gf-wife-significant-otheretc-tales-159605

lol! Agreed! Or like a breakup log..."How many relationships has Bitcoin ended this week?"

Yea, baby. 

hahahahah - there should be an dedicated thread dedicated to the girlfriend stories!

Time to dump her.

BTC won't reach $100 today, but by the weekend is looking good.

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. Then she reiterated her point that BTC is illegal and will be shutdown eventually (ironic she says that because she is an attorney and has no freaking clue what BTC is).  Then she put her hands on her hips and told me if I was making so much money I needed to take her to dinner or else there was no point being together! lol!

I was just talking about the scale... Looks a lot more attracting to buy mBTC because it looks less expensive than full ones.

I'm not saying there's a correlation, nor arguing with your interpretation of the "true reason" for the suspended transactions, but this story is amusingly familiar.

And $1,600/oz of Gold doesn't?

PARA BOLIC,

PARA BELLUM

And $800/share of Google doesn't? Come on now.

It might

Haha - lol - I told my gf that when I hit a certain target she'll get a macbook. haha, the interesting tales.

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. 

Funnier if you left off the "t."

Haha.. I laughed so hard, been 'helpful'. Haha... 'Help us withdraw', or you'll end up in Themsen with your legs in a bucket of sement. 

PARABOLIC! YEA BABY!

Something apparenty happend this morning:

My clock radio woke me up this morning with the news that all bank transactions were suspended in Denmark due to a computer glitch, no withdrawals or deposits possible. Half an hour later the news television channel had an interview with an employee in some banks data center and he told the there had been a problem with a "transaction clearing file" which had caused the whole morning processing to halt.

I checked the markets and the Euro have been tumbling since early morning. So I suspect the this was not just a technical glitch! In some country some bank suspended Euro trade or sold everything and stated a small panic in the European banking sector!

As I had the EUR and BTC tickers open side by side this morning, it was obvious that this mornings rally in BTC was fuled by the Euro panic! Everytime the Euro drop paused the BTC rally paused!

So I'm guessing European prof traders are hiding in BTC!

The underlying reason for this has to do with Cyprus. I suspect that large amount of money have been withdrawn Cyprus banks since the 17'th. Laikibank branches in the UK have been "helpful" with withdrawals for big customers while the Cyprus branches were closed. The Manager of the Cyprus central bank was fired this morning!

There is a not yet published banking scandal tailing the situation in Cyprus in my opinion.

For most of the new entrants, sending 1000 BTC instead of 1000mBTC will not be on option, 

We're headed through $100 (and much higher) sooner or later. But don't be too disheartened about this weekend if it doesn't pan out quickly. The banks will be shut for up to 4 days for easter.

While it is good idea, it will also create another confusion and mistakes where people start sending btc insead mbtc and vice versa, which could scare them off even more

This x1000. 100$/BTC really scares off small investors.

I'll be surprised if it doesn't touch $100 today but I have a feeeling it could hover around the $90-$100 mark for a couple of days before making a break upwards.

Could we be on course for a weekend rally ?

we would have $100 long time ago if we could stop selling that cheap

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.

yes

Today?
I think not.

But look inside the Eastern Egg.

If we do, we will (temporarily) fall straight back down again.

I see short spurts of fast price increases, but I don't see any sustained parabolic move. Most of the week it has been fairly linear growth.

It's a possibility, but I think we'll start finding walls in the mid-90s. The 80s never were going to be very memorable.

We're going parabolic, will we hit 100 today ?