Daily Anarchist Forum
February 03, 2023, 06:19:16 AM
Welcome,
Guest
. Please
login
or
register
.
1 Hour
1 Day
1 Week
1 Month
Forever
Login with username, password and session length
News
: Welcome to the Daily Anarchist Forum!
Home
Help
Search
Members
Login
Register
Daily Anarchist Forum
>
General Category
>
General Discussion
>
HOLY BIT.......Bitcoin just hit 750 dollars.
Pages: [
1
]
« previous
next »
Print
Author
Topic: HOLY BIT.......Bitcoin just hit 750 dollars. (Read 5019 times)
r3VOLutionRefugee
Full Member
Posts: 177
HOLY BIT.......Bitcoin just hit 750 dollars.
«
on:
November 18, 2013, 08:15:34 PM »
Seven hundred and fifty fucking US dollars to one bitcoin. This is starting to get real.
Logged
Syock
Epic
Hero Member
Posts: 2427
Existing Beyond Time
Re: HOLY BIT.......Bitcoin just hit 750 dollars.
«
Reply #1 on:
November 18, 2013, 08:18:13 PM »
Yeah, still looks suspiciously like a spike though.
Logged
My Playlist
Knows two facts about ducks, and both of them are wrong.
Don't Talk to Police
Seth King
Administrator
Hero Member
Posts: 3211
Re: HOLY BIT.......Bitcoin just hit 750 dollars.
«
Reply #2 on:
November 18, 2013, 08:36:21 PM »
There you go. Got your correction. It just shed 25% of its value in 5 minutes.
Logged
When are you moving to New Hampshire?
SinCityVoluntaryist
Left Rothbardian against the corporate state; Ron Paulian against the empire
Hero Member
Posts: 1238
Re: HOLY BIT.......Bitcoin just hit 750 dollars.
«
Reply #3 on:
November 18, 2013, 09:20:06 PM »
It's back down to 640.
This is happening for two reasons
1) Bernake's announcement this morning that Bitcoin was a real currency caused a demand boom. With the reserve announcing that they could not control it, people rushes to it.
2) People with large investments are probably starting to sell it off to make large amounts of money. This will probably drive the price downward starting now.
Logged
<iframe src="
http://c4ss.org/c4ssnews/js1.0/c4ssnewsobject.html?ctc=eef467&clc=f4f367
" id="c4niframe" width="160" height="360" style="margin: 0px;" scrolling="no" frameborder="0"></iframe>
Support the Molinari Institute:
http://praxeology.net/molinari.htm
Syock
Epic
Hero Member
Posts: 2427
Existing Beyond Time
Re: HOLY BIT.......Bitcoin just hit 750 dollars.
«
Reply #4 on:
November 20, 2013, 02:26:56 PM »
Considering the recent volatility against the dollar, I am curious about those that actually use bitcoin as a currency. If everyone accepted bitcoin, I imagine the purchasing power might be rather insulated from outside influences, however I don't believe it has enough market saturation for that yet.
Due to the lack of an entire supply market working within bitcoin (that I know of), has the purchasing power of the coin changed to reflect the value in USD? If so, has this caused any transactions or purchasing decisions to be delayed until a new relatively stable price is found?
Logged
My Playlist
Knows two facts about ducks, and both of them are wrong.
Don't Talk to Police
SinCityVoluntaryist
Left Rothbardian against the corporate state; Ron Paulian against the empire
Hero Member
Posts: 1238
Re: HOLY BIT.......Bitcoin just hit 750 dollars.
«
Reply #5 on:
November 21, 2013, 12:49:44 AM »
Bitcoin does not have a volume of popularity in the market place just yet. The demand for Bitcoin from businesses is going to correlate directly to the supply of fiat. Meaning, the more money they print, the more people will rush toward something else.
Logged
<iframe src="
http://c4ss.org/c4ssnews/js1.0/c4ssnewsobject.html?ctc=eef467&clc=f4f367
" id="c4niframe" width="160" height="360" style="margin: 0px;" scrolling="no" frameborder="0"></iframe>
Support the Molinari Institute:
http://praxeology.net/molinari.htm
Syock
Epic
Hero Member
Posts: 2427
Existing Beyond Time
Re: HOLY BIT.......Bitcoin just hit 750 dollars.
«
Reply #6 on:
November 21, 2013, 01:34:43 AM »
Quote from: SinCityVoluntaryist on November 21, 2013, 12:49:44 AM
Bitcoin does not have a volume of popularity in the market place just yet. The demand for Bitcoin from businesses is going to correlate directly to the supply of fiat. Meaning, the more money they print, the more people will rush toward something else.
Do you do any trade with bitcoin? I am curious about actual usage right now. You basically just repeated what I posted. hehe
Logged
My Playlist
Knows two facts about ducks, and both of them are wrong.
Don't Talk to Police
SinCityVoluntaryist
Left Rothbardian against the corporate state; Ron Paulian against the empire
Hero Member
Posts: 1238
Re: HOLY BIT.......Bitcoin just hit 750 dollars.
«
Reply #7 on:
November 21, 2013, 03:30:25 AM »
Well, I have exchanged a good portion of silver for Bitcoin. There is a restaurant near me that accepts Bitcoin as payment. I had lunch with a few friends today over there.
I'm really in it for the investment.
Logged
<iframe src="
http://c4ss.org/c4ssnews/js1.0/c4ssnewsobject.html?ctc=eef467&clc=f4f367
" id="c4niframe" width="160" height="360" style="margin: 0px;" scrolling="no" frameborder="0"></iframe>
Support the Molinari Institute:
http://praxeology.net/molinari.htm
Pages: [
1
]
Print
« previous
next »
Jump to:
Please select a destination:
-----------------------------
General Category
-----------------------------
=> General Discussion
=> Lounge
=> Bitcoin
-----------------------------
Videos
-----------------------------
=> Anarcho-Capitalist Videos
=> Other Videos
-----------------------------
Questions And Challenges
-----------------------------
=> Questions About Anarcho-Capitalism
=> Challenges To Anarcho-Capitalism
Loading...