Bitcoin usage only will justify a price of $25-50. Current remittances and the rare purchases in bitcoin are just not high enough yet.
We will likely approach $100 before rebounding. Speculators will come again but not for another year.
So you're saying the price is low, because it isn't used as a currency often enough? With that logic we should all order pizza in btc.
Looks like he's saying it was done by a terrorist group, which would be just wonderful news for Bitcoin. Let uncle sam start thinking that shit is funding ISIS, and BTC could gain a whole new set of problems.
I don't think bitstamp is trying to buy any coins
It seems like it'd be cheaper to just buy them back from the thief lol, it wouldn't make sense for them to purchase them with a markup.
Also, we have all seen the Pastebin by now with the wallet containing the stolen BTC, where every transaction says Bitstamp Hack, however I have not seen it in any news articles on the hack. Am I overlooking it, or are the reporters?
ChartBuddy switched to Bitfinex! unignore him as soon as possible.
Why did you put him in the ignore list?
I always loled and smiled with the GOXED picture, no matter how many times I've seen it
lol ditto. that bouncy ball....
Could be jumping the gun here, but is Coinbase down?
http://i58.tinypic.com/o5uhbq.png EDIT: It now reads this: Coinbase is currently offline
No cached version is available.
The most likely causes:
The server is down for maintenance
There may be a network problem
The site may be experiencing excessive load
Retry for a live version of the site
We'll post updates on Twitter if the problem persists
Could be jumping the gun here, but is Coinbase down?
http://i58.tinypic.com/o5uhbq.png EDIT: It now reads this: Coinbase is currently offline
No cached version is available.
The most likely causes:
The server is down for maintenance
There may be a network problem
The site may be experiencing excessive load
Retry for a live version of the site
We'll post updates on Twitter if the problem persists
Down here too
Ditto
Wonder if that was a DDOS from the same character as before?
Best case scenario is that Coinbase went down due to overwhelming buying. I doubt that's really the case but it's possible. If people really were naked short-selling, then there will be (and possibly is) a scramble to find coins in order to cover.
Very optimistic, but I had the same thought as well. It's possible, but either way we will probably hear about it in the next 24 hours.
Oh my, these posts are going to be so funny to read when Bitcoin is $100k. People arguing over 10's of dollars lol !!!!
In a few years $10 will be worth nothing assuming the dollar fails to be the world reserve currency and people lose faith in it.
Fiat paper is simply....toilet paper with ink on it.
I believe that a lot of Fiat currencies are in for trouble in 2015 - Russia, The Euro, Turkey, Argentina, Russia's satellite states (such as Belarus) and even some Asian currencies mixed up in the devaluation currency war between China and Japan.
But of all the currencies out there, I think the USD has the biggest chance of thriving. The US has the biggest economy, it has the most advanced military, it has the rule of law, it has a crap ton of food/resources and it has a strong, dynamic and growing economy.
Think about this - where would you want to keep a couple million dollars for 5 years? In China it can get confiscated, Japan is a QE freakshow with a declining population, in Russia your fate is tied to Putin and Oil, the Eurozone is about to go through some serious shit with Greece again, and most other places (except for the tiny nation of Switzerland) are a complete gamble. I don't get all these "US dollar will be worthless" people. The USD is the safe place to keep big pools of $ long term - bearing any major unexpected political or social black swan that knocks America down a peg or two.
The people who need BTC aren't Americans, its those poor bastards buying toasters and flatscreens to try to save their quickly depreciating savings.
Just my 2 cents.
The fed will keep bailing banks and keep interest rats low with citizen dollars. Let's see how long...
Until a bond market revolt. Then it's either a deflationary depression that will make the 1930s look like the good ol' days or (more likely) a hyper-inflationary mega recession that ends with a failed currency. One of these two things has to happen eventually (barring the discovery of cold fusion or some other miracle tech), and it's impossible to hedge against them both. It's death by fire or ice. International trade will have to be done very creatively if at all.
if things get as bad as all the BTC fan-boys hope it gets concerning other currencies...BTC and everyone other currency will be worthless.
The most valuable things will be food, water, shelter and bullets.
Absolutely correct.
Meanwhile in Bitcoin Land, the stolen BTC from the Bitstamp hack have been sold.
https://blockchain.info/address/1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf I'm beginning to wonder if this guys 'tips' about Bitcoin are really hinting to its demise..
