Silk Road forums
Discussion => Security => Topic started by: Skippy_Jif on July 13, 2012, 04:54 am
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It has jumped in value like crazy!
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since when?
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I remember when it dropped to 1.9 :o
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Re: Gold collapsing. Bitcoin up.
March 13, 2012, 08:18:23 PM #10
_________________________________________gold will go up again EU wont last much time with all the political instability and populist neo nazis
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Re: Gold collapsing. Bitcoin up.
March 13, 2012, 08:33:36 PM #11
_________________________________________I see little chance of a larger correction to gold price unless the economy starts a miraculous recovery, which I don't believe in. Peak oil is still the most relevant problem that probably won't go away easily, next *decade* the earliest. Energy is the backbone of the whole economy and the gradually and slowly rising energy prices are a major source of friction in the economy causing everyone to take on more debt. Players in the economy are desperately trying to sustain growth while fundamentally there can be no growth because the energy to support that growth is *simply not there*.
Thus the problem is much deeper than many realize, in the current situation every time the economy "recovers" oil demand spikes and then oil prices spike causing another major crash. In fact the crashes get bigger every time, with the world being still so dependent on oil. I expect that what we saw in 2008 will be small once we hit the next cycle.
I expect the economy to do a larger fake recovery soon, but then we will go much deeper than in 2008. Simply because not enough has been done to reduce dependency on scarce resources such as oil. Global oil production hasn't increased since 2005 most likely, yet demand keeps going up thanks to China and other growing economies.
Gold bugs know all of this and will certainly feel more safe with gold than USD. Even though I'm quite bullish on Bitcoin long term, I still hold significantly more value in gold than in bitcoins. This could change but slowly, over a period of many years. Once I feel more confident about the economy and the state of Bitcoin I might consider changing more gold into bitcoins.
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i've made 50$ in the past couple of months because of it.
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this nice site: https://www.bitstamp.net/ (which is also my choise for buying bitcoins) has a nice graph and details to watch the bitcoin price rise/fall
need scripts enabled to see the graph in the middle of the page
price has been going up nicely since june it seems
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I just seriously looked at the prices of some products on the silk road a moment ago and was shocked at how overpriced LSD is. Like, over 20 dollars per blotter on average. That's ridiculous. Is the bitcoin's value the cause of this, or is the price so high because of the anonymous service?
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I just seriously looked at the prices of some products on the silk road a moment ago and was shocked at how overpriced LSD is. Like, over 20 dollars per blotter on average. That's ridiculous. Is the bitcoin's value the cause of this, or is the price so high because of the anonymous service?
It's a matter of supply and demand. Low supply and high demand = high prices.
sdesu
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I just seriously looked at the prices of some products on the silk road a moment ago and was shocked at how overpriced LSD is. Like, over 20 dollars per blotter on average. That's ridiculous. Is the bitcoin's value the cause of this, or is the price so high because of the anonymous service?
If 1 BTC goes up to 8 USD, the price for LSD (in Bitcoin) should go down, not up.
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I just seriously looked at the prices of some products on the silk road a moment ago and was shocked at how overpriced LSD is. Like, over 20 dollars per blotter on average. That's ridiculous. Is the bitcoin's value the cause of this, or is the price so high because of the anonymous service?
If 1 BTC goes up to 8 USD, the price for LSD (in Bitcoin) should go down, not up.
SMARRRTTT.
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It's about time all the vendors started linking their prices to the dollar and not BTC.
Most do.. But the ones that don't are now asking for extortionate amounts, and they're losing themselves business
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It's about time all the vendors started linking their prices to the dollar and not BTC.
Most do.. But the ones that don't are now asking for extortionate amounts, and they're losing themselves business
At the risk of sound selfish, it would also be nice to peg prices to the GBP/EUR rate too if a vendor wishes.
V.
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I have a couple hundred in a wallet that I forgot about. Looking at the dates and chart, I bought around $2.20. I've never sold a coin in my life, but tripling your dough is sweet.
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Just passed $7.5 and climbing.
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fuck yeah! ;D makes me wanna go long all the way..
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sky rocket? really? its only near 8. come back and talk to me when it jumps to 30. thats sky rocketing. not a dollar or two. it just means more people are buying and in larger volumes. they only have a certain number of coin to go around. thats how coin works. and they will stop making coin once they reach a goal number. i forget what it is.
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they will stop making coin once they reach a goal number. i forget what it is.
I believe its 21 million....or is it billion, shit nevermind, I don't know for sure either.
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they will stop making coin once they reach a goal number. i forget what it is.
I believe its 21 million....or is it billion, shit nevermind, I don't know for sure either.
21 million it is
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Any way to know how many are out there already?
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sky rocket? really? its only near 8. come back and talk to me when it jumps to 30. thats sky rocketing. not a dollar or two. it just means more people are buying and in larger volumes. they only have a certain number of coin to go around. thats how coin works. and they will stop making coin once they reach a goal number. i forget what it is.
Yes, skyrocket. Equities rarely triple in value. Always an asshole. Tripling your money happens everyday, right? Go back to penny stocks master trader.
Thanks for explaining that price fluctuation are based on supply and demand - you mean more people are buying than selling and this is why the price is increasing?!?!?! Fuck, crazy shit.... learn something new everyday, wait that's econ 101 at a retard community college. Do you really think your explanation was necessary?
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I wonder how strongly the volume of sales on Silk Road effects bitcoin value. I think the first strong spike in bitcoin value happened around the time of the first famous Gawker article about Silk Road, and that makes me wonder if Silk Road is a principal driver of bitcoin value.
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sky rocket? really? its only near 8. come back and talk to me when it jumps to 30. thats sky rocketing. not a dollar or two. it just means more people are buying and in larger volumes. they only have a certain number of coin to go around. thats how coin works. and they will stop making coin once they reach a goal number. i forget what it is.
Yes, skyrocket. Equities rarely triple in value. Always an asshole. Tripling your money happens everyday, right? Go back to penny stocks master trader.
Thanks for explaining that price fluctuation are based on supply and demand - you mean more people are buying than selling and this is why the price is increasing?!?!?! Fuck, crazy shit.... learn something new everyday, wait that's econ 101 at a retard community college. Do you really think your explanation was necessary?
Yeah, I`m not sure where this guy is getting at. With all this bitcoin rise, people should appreciate the growth. I`m happy that its value has gone up. Lol, the number of coins produced have nothing to do with the appreciation of the bitcoin market. The goal number is so far away, 21 million bitcoins is about 160 million dollars (USD) and the bitcoin market will grow and evolve to keep going once it has passed that goal.
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I need to keep track of the market so I can buy a the right time. It's been volatile lately and I don't want to lose any money during the various transfers and such.
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I need to keep track of the market so I can buy a the right time. It's been volatile lately and I don't want to lose any money during the various transfers and such.
There is app for Chrome/chromium users for their browsers which keeps track of the market and does instant conversions too. Its called Bitiker and can be found here:
https://chrome.google.com/webstore/detail/fblekdojabihjdhndhmloalbcnnejddl
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Oh cool dude that's whats up. You have been karma'd.
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Oh cool dude that's whats up. You have been karma'd.
Thank you very much!