Bitcoin Price Update

[Seraphim]

I'd venture to say that sooner rather then later there will be bank accounts with encrypted digital wallets that are for transfers of gold/silver ownership through payment systems.

It's already creeping into existence, but I'd give it about 10 years and there will full fledged networks AND consumer credit markets backed by PM's.

It disturbs my brain that numbers on a computer network are worth more than eight ounces of silver, but the market has spoken.

 

[anaconda]

Price is creeping back up, watch out when China wakes up again.

"Watch out" in a good way or a bad way?

 

[jtap]

I took some advice on this forum a little while ago - since my bitcoin are just 'sitting there' why not throw a few into bitcoin investments? You can actually buy stocks, contracts and other types of investments in bitcoin miners and earn a dividend on your bitcoin, all while the value of bitcoin goes up. Might not want to put all your bitcoin into mining contracts, but it is kinda cool to be invested in bitcoin and also simultaneously earn returns on the bitcoin.

That's pretty neat as mine are just sitting there also. Any links/more info on these investments?

 

[Fredom101]

$213 on mtgox
$195 on bitstamp

woohoo!!!!!!

 

[muh_roads]

I'd venture to say that sooner rather then later there will be bank accounts with encrypted digital wallets that are for transfers of gold/silver ownership through payment systems.

It's already creeping into existence, but I'd give it about 10 years and there will full fledged networks AND consumer credit markets backed by PM's.

It wouldn't be trustworthy and could never be as transparent as the blockchain. Metal needs to be physical. Bitcoin doesn't need to be because of the P2P public ledger that can't be manipulated.

 

[dannno]

Just be careful about monitoring difficulty increases and the hashing power of whatever company you invest in. Good ones are reinvesting in next-gen asics.

I have two that are funds and research then invest strategically for me, and then I have LabCoin. It's only a small portion of my bitcoin, but I'm getting dividends almost daily.

Checkout Cryptostocks.com

 

[amonasro]

I have two that are funds and research then invest strategically for me, and then I have LabCoin.

Checkout Cryptostocks.com

I almost bought shares of Petahash Mining, but held back. It would take months to recoup my investment, by then the mining landscape could change completely. They say they have first access to 28nm ASIC chips, but I already got burned investing in the 110nm chips.... by the time they were shipped they were nearly worthless.

 

[muh_roads]

It disturbs my brain that numbers on a computer network are worth more than eight ounces of silver, but the market has spoken.

Because intrinsic value only matters in a total collapse. Numbers on a computer are fine if the system is based on scarcity and it can't be manipulated like COMEX or JPM naked shorts.

 

[anaconda]

$207.52 on Coinbase. 9:27 p.m. PST 10-23-2013

 

[NoOneButPaul]

I'd venture to say that sooner rather then later there will be bank accounts with encrypted digital wallets that are for transfers of gold/silver ownership through payment systems.

It's already creeping into existence, but I'd give it about 10 years and there will full fledged networks AND consumer credit markets backed by PM's.

Bitcoin and gold and silver will come crashing together at some point in perhaps another form or name.

The pros of both balance the cons of the other.

 

[Shane Harris]

collapsing currently 185. down 20 dollars in minutes

 

[Shane Harris]

175

 

[Shane Harris]

all over the place. 192-172

 

[anaconda]

Quite volatile this evening.

 

[anaconda]

$166.53 12:50 A.M. PST 10-24-13

Should I have sold a few hours ago at $208?

 

[fatjohn]

back at 197 bought another 0.8 just minutes ago 13 percent down

My huge buy probably moved the market.

 

[muh_roads]

Dead cat is bouncing. Hope people have their Bernanke toilet paper ready.

Any personal recommendations for Kraken?

 

[jmdrake]

Soooo...you're telling me I missed the Silkroad raid buying opportunity? Bummer. Sucks being broke.

 

[dannno]

Dead cat is bouncing. Hope people have their Bernanke toilet paper ready.

Any personal recommendations for Kraken?

I believe this would not be the first time you mis-called a dead cat bounce on bitcoin....

Stop fucking up your credibility around here.

 

[anaconda]

12:58 PM PST Still down about $15 from last night.