Bitcoin breaks $200

productionhead said:
Stabilization is going to come when more businesses start accepting BTC, and accordingly, when BTC becomes more freely convertible for goods, services, and other currencies.
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right there this is the part where logic runs off the rails, and the idea of bitcoin moves into the realm of the easter bunny. its classic "cart before horse" (or "argument in a circle", take your pick.). and for the article to mention "liquidity" as a short term problem for this experiment as opposed to a deathknell, that seems short-sighted at best.
 


the very first 2 things any rational merchant or user would look into in evaluating bitcoin as a viable alternative is :

1) is it liquid?
2) is its value stable?

it will never get popular without those key factors pre-existing, never.

for an article to say "bitcoin has a bright future once its liquidity & stability issues clear up, which will happen once its popular" is just retarted.
 
You heard it here first folks, some trendy NYC bar trying to whore its way into the media spotlight will let you spend your bitcoins (which are dumb as shit to spend, even now) on $15 USD Redbull/Vodka.

SALVATION!!!!!!!!!!!!!!!!! THE FUTURE OF BITCOIN IS SECURED!
 
I hate how fucking smug you dumb assholes are. I can just imagine you in your computer chair with your fedora readying the "Post Quick Reply" button thinking

THIS'LL TEACH 'EM...heh heh heh..
 
Likhtenstein wanted to accept Bitcoins from day one. "I was interested in accepting Bitcoins since we opened in January, cause I was familiar with it, I thought it was a cool concept, and one of my good friends is actually the chairman of the Bitcoin Foundation"...
 
Idk what kind of stability some of you are expecting from a new currency that's just rising in popularity. After the "crash" the market still corrected itself to a higher value than before the spike. If anything, it's behaving just like it should.

Big changes like this can't happen over night. Small bars accepting bitcoins for their own publicity are only helping bitcoins grow. So yes, it IS good news for bitcoin.

oh and...

grieve said:
I hate how fucking smug you dumb assholes are. I can just imagine you in your computer chair with your fedora readying the "Post Quick Reply" button thinking

THIS'LL TEACH 'EM...heh heh heh..
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copy_of_johncandy1.jpg
 
grieve said:
I hate how fucking smug you dumb assholes are. I can just imagine you in your computer chair with your fedora readying the "Post Quick Reply" button thinking

THIS'LL TEACH 'EM...heh heh heh..
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Naked, straddling a traffic cone, drinking Patron out of dixie cups but who's keeping score?
 
A statement from MtGox about today.

https://www.facebook.com/MtGox/posts/455962117821534

Hi everyone, just a quick update on the situation and what happened last night.

First of all we would like to reassure you but no we were not last night victim of a DDoS but instead victim of our own success!

Indeed the rather astonishing amount of new account opened in the last few days added to the existing one plus the number of trade made a huge impact on the overall system that started to lag. As expected in such situation people started to panic, started to sell Bitcoin in mass (Panic Sale) resulting in an increase of trade that ultimately froze the trade engine!

To give you an idea of how impressive things were here are some numbers that we would love to share with you guys:
- The number of trades executed triple in the last 24hrs.
- The number of new account opened went from 60k for March alone to 75k new account created for the first few days of April! We now have roughly 20,000 new accounts created each day.

Due to these facts we have been busy working on improving things since last week and our team has been working around the clock to improve Mt.Gox to catch up with the demand. We will continue to release several updates today and in the coming few days to improve our system overall performance.

Also please note that we may have to close the exchange for two hours in the next 12 to 24hrs to add several new servers to our system.

Thank you for your understanding and continuous support!
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"Due to these facts we have been busy working on improving things..." that bs line works with companies selling unique products, it does not work with currency. the answer to 'every second you fucks can't get your shit together i'm losing thousands' can't be answered with "we're trying our best" in the big boy leagues of currency.
 
Don't worry loyal followers who got their financial asses handed to them because of our ineptness, trust us to get our shit together and give us more money!

Remember convert your WORTHLESS fiat currency into Buttcoins, backed by the full faith and credit of.......... numbers in cyberspace!

You can't lose! Don't miss this once in a lifetime chance to get filthy rich and show those evil statist pigs how gullible.... uh... intelligent you are!
 
Here's my thought, what goes up must come down. So if something goes up quickly, it'll come down just as fast. When seller starts selling out, that's when prices start to fall. And when other seller sees this, they'll think its time to cash out before it's too late.

It is not a good time to buy as this this can bust any moment.
 
grieve said:
You heard it here first folks, some trendy NYC bar trying to whore its way into the media spotlight will let you spend your bitcoins (which are dumb as shit to spend, even now) on $15 USD Redbull/Vodka.

SALVATION!!!!!!!!!!!!!!!!! THE FUTURE OF BITCOIN IS SECURED!
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This wasn't some random syndicated article on Yahoo. This was actual news that god knows how many people saw and potentially shared. I'm only trying to show that Bitcoins are gaining momentum with the general public allowing its future growth.

I was just at my local post office talking with my sister about bitcoins (she knows very little but her college friends have been using it to buy weed). The front counter guy immediately knew what I was talking about and started telling me and my sister how he invested some of his savings into it, cashing out at $100 but he recently used Bitcoins to buy a car as well.

The seller agreed to sell it to him as a "trade", reducing if not eliminating taxes (not sure about the transfer process of a title).

I don't have anymore as I cashed out myself when it hit $75. I'm just happy to have made a profit and been part of historical moment. Regardless of the outcome the future of crypto-currencies is looking very interesting, and the idea of a decentralized currency is an idea people seem to covet.
 
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