BitCoin at Parity with Silver!

Discussion in 'Digital Currencies' started by Gold Kiwi, Feb 22, 2013.

  1. hawkeye

    hawkeye New Member Silver Stacker

    Joined:
    Nov 10, 2010
    Messages:
    3,147
    Likes Received:
    3
    Trophy Points:
    0
    Location:
    Perth, Australia
    Oops. Stuffed that one up. $18 per Australian. Approximately.
     
  2. renovator

    renovator Well-Known Member

    Joined:
    Jan 20, 2011
    Messages:
    7,410
    Likes Received:
    125
    Trophy Points:
    63
    Location:
    QLD
    You have bought things with bitcoin so you have realised some profit ....Phew i was getting a bit worried about you for a while :p:
     
  3. pro$pector

    pro$pector New Member

    Joined:
    Mar 14, 2012
    Messages:
    708
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Perth, WA
    I tend to agree here, I topped up a little at $48 last week and thought I must be crazy at the time...

    I'm starting to wonder if I should get some more to be honest.
     
  4. Dogmatix

    Dogmatix Active Member

    Joined:
    Jun 22, 2011
    Messages:
    1,820
    Likes Received:
    14
    Trophy Points:
    38
    Location:
    Gaul (Australia)
    Mania phase is the best phase... "Everyone's a winner baby"
     
  5. pro$pector

    pro$pector New Member

    Joined:
    Mar 14, 2012
    Messages:
    708
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Perth, WA
    To be a true mania phase of a bubble, there needs to be a lot more people on board.

    How many people do you know of who are into BTC except the 4/5 on this forum?

    This years 500% - 600% rise is nothing compared to 2010, it was well under 1c US per BTC before Mt Gox in early 2010.

    Personally, I trade BTC like a stock and look at it like this;

    Market cap is still only around $600 million, not many more than 10 million shares on issue, it's traded globally, and 99% of the population don't even know it exists - yet.

    Mania phase - hardly!
     
  6. Dogmatix

    Dogmatix Active Member

    Joined:
    Jun 22, 2011
    Messages:
    1,820
    Likes Received:
    14
    Trophy Points:
    38
    Location:
    Gaul (Australia)
    Why?

    I'd day the minimum you need is two, although it'd be pretty short-lived.
     
  7. hawkeye

    hawkeye New Member Silver Stacker

    Joined:
    Nov 10, 2010
    Messages:
    3,147
    Likes Received:
    3
    Trophy Points:
    0
    Location:
    Perth, Australia
    It's nice to know you care Reno. :)

    I was too scared to. And still am. I don't like chasing runaway moves. I'm waiting to see where it ends up. If it just keeps on going until it gets to some truly crazy number, so be it. But I feel like there must be some sort of correction/consolidation phase at some point.
     
  8. gcsun

    gcsun New Member Silver Stacker

    Joined:
    Oct 18, 2012
    Messages:
    287
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Australia
    Which big companies accept bitcoin for payment? And is it based off its value or purely a certain amount of bitcoins whether their worth 60 or 6?
     
  9. Dogmatix

    Dogmatix Active Member

    Joined:
    Jun 22, 2011
    Messages:
    1,820
    Likes Received:
    14
    Trophy Points:
    38
    Location:
    Gaul (Australia)
    ^ in fairness I'd say wikileaks would even accept softdrink cans and paddlepop sticks
     
  10. pro$pector

    pro$pector New Member

    Joined:
    Mar 14, 2012
    Messages:
    708
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Perth, WA
    Online gambling will be a big driver of BTC price over the coming years, most companies have not caught on to it yet.

    Instant deposits and cashouts are the main benefit, but there are many others.

    A few poker sites have adopted BTC so far, but I would predict many more will follow.

    http://satoshidice.com does a huge turnover of BTC, random number generated gambling with a house edge of 1.9%, fairness can be verfieid on the BTC network too which is a huge plus compared with your usual online casino.
     
  11. markcoinoz

    markcoinoz New Member Silver Stacker

    Joined:
    Apr 29, 2012
    Messages:
    668
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Melbourne
  12. pro$pector

    pro$pector New Member

    Joined:
    Mar 14, 2012
    Messages:
    708
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Perth, WA
    I fail to see how they can trace it through...if all parties use the TOR network at both ends and use anonymous wallets, maybe even throw in a pool mixing service along the way for good measure.

    I'm always sceptical about anything that "Tyler Durden" writes.
     
  13. Gold Kiwi

    Gold Kiwi New Member Silver Stacker

    Joined:
    Apr 3, 2010
    Messages:
    540
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    NZ
  14. Trichter

    Trichter Member

    Joined:
    Dec 15, 2010
    Messages:
    945
    Likes Received:
    7
    Trophy Points:
    18
    Location:
    Australia
    Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative. But I am not familiar with the specific product to assert whether it is the best potential setup. And we need a long time to establish confidence. I only talk from skin-in-the-game. If I had money in bitcoin, I would have reported it. But I don't yet. I am waiting to understand it better, not with my brain, but with my experience...

    http://www.peakprosperity.com/discussion/81277/bitcoin-beginning-something-great-nassim-taleb-32013
     
  15. Trichter

    Trichter Member

    Joined:
    Dec 15, 2010
    Messages:
    945
    Likes Received:
    7
    Trophy Points:
    18
    Location:
    Australia
    http://maxkeiser.com/2013/03/24/lea...lmed-by-unprecedented-influx-of-new-accounts/
     
  16. Load of Bullion

    Load of Bullion Well-Known Member

    Joined:
    Jul 10, 2009
    Messages:
    1,379
    Likes Received:
    50
    Trophy Points:
    48
    Location:
    Sydney
    Tulips, tulips, tulips, tulips, tulips, tulips..
     
  17. Load of Bullion

    Load of Bullion Well-Known Member

    Joined:
    Jul 10, 2009
    Messages:
    1,379
    Likes Received:
    50
    Trophy Points:
    48
    Location:
    Sydney
    GOLD. First silver parity, now GOLD parity has been reached!
    Bitcoin currently trading above $1270 USD. Gold currently trading around $1235 USD.

    [​IMG]
     
  18. Load of Bullion

    Load of Bullion Well-Known Member

    Joined:
    Jul 10, 2009
    Messages:
    1,379
    Likes Received:
    50
    Trophy Points:
    48
    Location:
    Sydney
    ETF decision coming Monday March 13th after years of waiting. Major volatility coming surely.

    [​IMG]
     
  19. olifrated

    olifrated Member Silver Stacker

    Joined:
    Apr 17, 2013
    Messages:
    381
    Likes Received:
    5
    Trophy Points:
    18
    Location:
    Mornington / Melbourne
    I hope people are still holding from these early days ...... who’d have guessed ? Would have dipped my toe in back then but never fully understood it ( still don’t if I’m honest )
     
  20. Reeve

    Reeve Member

    Joined:
    Jun 28, 2011
    Messages:
    387
    Likes Received:
    5
    Trophy Points:
    18
    Location:
    Radelaide
    Man would my Lambo have looked good if I went bitcoin not silver. Hindsight.
     
    shinymetal and southerncross like this.

Share This Page