I wonder if that JAP is going to "print" himself a few hundred thousand bitcoins and cashout before this inevitably implodes. Predicting a 50% down day in one 24 hour session before the end of summer.Originally Posted by The_PHA
I wonder if that JAP is going to "print" himself a few hundred thousand bitcoins and cashout before this inevitably implodes. Predicting a 50% down day in one 24 hour session before the end of summer.
Take Econ 101 and come back with a new view on Bitcoins please.
Last price:$91.71749 High:$91.91141
getting closer to the $100 barrier. There was talks of this shit crashing @ 100 but I think we are going to see it take off like a fucking rocket for a while. Maybe 250+ very soon
Last price:$92.88000 High:$92.91912
Last price:$92.00000 High:$93.15000
this is making some people very rich
the scary part is i think it's just beginning to build real momentum
there's obviously going to be a bubble at some point but it looks good for now
Micon probably sitting back saying this everyone right now:
Does anyone know how many bitcoins Micon has? I hope he has a ton of them, he is a true visionary.
Bitcoin Bonanza: Cyprus Crisis Boosts Digital Dollars
http://www.cnbc.com/id/100597242
Much more: http://www.cnbc.com/id/100597242They won't make a sound no matter how many of them you try to toss in a bucket, and you can't pitch them in a fountain and wish for good luck. But make no mistake, bitcoins are getting big.
The online alternative currency, previously little more than a curiosity in financial markets since its 2009 inception, has zoomed in trading value since the Cyprus banking crisis erupted two weeks ago.
With fears spreading that even insured deposits might not be safe in similar nations hit by banking crises, those looking for a haven to store their wealth have fled to the complicated world of digital cash.
"Incremental demand for bitcoin is coming from the geographic areas most affected by the Cypriot financial crisis—individuals in countries like Greece or Spain, worried that they will be next to feel the threat of deposit taxes," Nicholas Colas, chief market strategist at ConvergEx, said in a report on the startling trend.
Bitcoins operate on a network that, at least on the surface, resembles a typical exchange on the capital markets. Buyers can exchange their paper currencies for bitcoins and use them wherever they are accepted. Sellers can exchange their bitcoins back for their original currency.
But the value of the currency has been anything but typical.
Bitcoincharts.com lists the value of bitcoins compared to other currencies, including U.S. and Canadian dollars, euros and pounds.
On one of the U.S. currency exchanges, labeled "Mt. Gox," the bitcoin value has zoomed to more than $87 in Wednesday trade. That represents close to a 20 percent gain over just the past week, a one-month gain of 41 percent and nearly a quintupling of value in the past year.
The "Mt. Gox" euro trading has seen numbers nearly identical to the dollar pairing.
(Read More: Cyprus Controls to Hit Foreign Transactions)
A more sober perspective might suggest that bitcoins are at best a momentary bubble and at worst a risky chance to take considering their novelty.
But the trend also exemplifies just how nervous cash-holders are over the European situation.
"This is a clear sign that people are looking for alternative ways to get their money out of the country," said Christopher Vecchio, currency analyst at DailyFX. "If we're going to talk about the stability of the euro and whether or not there are going to be capital controls in place not just in Cyprus but around the euro zone, I think there is some efficacy behind bitcoins as an alternative liquidity vehicle."
The role of alternative currency had been falling largely to gold over the past several years. But the precious metal has been on a pretty aggressive downward path since its most recent peak in October.
Last price:$93.52001 High:$95.70000
Are volume traded numbers published? How many bitcoins are in circulation?
Edit: This run up could all be attributed to arbitrage. Someone electronically trading the differences in price on the various exchanges. ez game, wish I had thought of it.
Last edited by Deal; 03-28-2013 at 12:35 PM.
Damn
Hate on Micon all you want (and I certainly do) but the guy currently has over 1k bitcoins. That's nearly $100k
Additionally with his cut of the rake from seals with clubs he could have more money than druff in a few years.
Did he say publicly he has 1000 + bitcoins?
all kidding aside. that's great for micon and his family. hopefully he cashes out half of that for a sizable score.
Micon has probably spent well over 2500 bitcoins, doubt he has 10 left now.
I keep hearing the term 'mining for bitcoins', wtf is that? Thought that was a warcraft term.
PFA Rookie of the Year Awards
2012: The Templar (unknown)
2013: Jasep $5000+
2015: Micon's gofundme legal defense $3k begging for 100k:
2018: 4Dragons
2019: Dutch Boyd: Mike Postle
2020: Covid19
2021: SMIFlorida and some sort of shit coins for $50k
2023: 22nd Feb 4th Dec Youtube channels removed
2024: Dustin Morgan wins Chrissy's $1000 contest: May 3rd another channel gone.
2025 Chrissy loses his FB page in mid January.
He will cash them in to play in WSOP and be busto again.
Does anybody know, are the Seals with Clubs player account bit-coin balances segregated?
Are there any cash out delays since the spike in bit-coin valuation?
There are currently 1 users browsing this thread. (0 members and 1 guests)
Reply With Quote