About to step over the $10 Billion line! Source: http://blockchain.info/charts/marke...ageString=1&show_header=true&scale=0&address=
It's quite amusing to read the SS threads of a couple of years ago when the US suggested it would raise it's debt ceiling beyond $14.3 trillion. Members were decrying the unconscionably enormous dollar value "created out of thin air". They were running for the hills, and trading their fiat, certain it was unsustainable, and a certainty for implosion. Now, we have BTC at $10 trillion and rising, created out of the same thin air and backed by the same air as the US Fed uses. What do SS members do? - stumble over each other clambering for BTC, and even create it's very own section on the forum.... and even trade PM's in exchange for the sure-thing digital currency. :lol: I am neutral on BTC. For me, this is a once in a decade chance to sit back and spectate some extremely interesting market psychology. It is nice to know the core emotions of fear and greed that drive markets are alive and well. ... and a big thankyou to those contributing to the spectacle.
wrcmad - typo in your post - it's actually $10 billion, not trillion (yet!) But if//when it gets anywhere near $10 trillion, I guess BTC can be used to pay off a significant chunk of the US debt :lol:
oh yes, whinfell, you are correct. :| One 2 many reds.... must have been seeing double on the zeros OK, Guess that is Ok then.... keep buying... nothing to see here...
Yes, it's an interesting exercise in psychology and market forces! Earlier this year, during the BTC run-up in April, I bought a 10oz PM bar for 1.8 BTC; today, I could sell 1.8 BTC and buy approximately 65oz of silver Am I disappointed that I paid 1.8 BTC back in April? No, for me it was a good trade at the time to prove that BTC was a viable 'currency'. And now that I can sell some of my remaining BTC and buy even more PMs, even better!
