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Bitcoins reached $300

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Bitcoins reached $300

#1
Here are the charts: http://bitcoinity.org/markets A screenshot: http://i.imgur.com/kW1CJz2.jpg

And a link to the front page of WSJ's financial section today: http://m.imgur.com/4bcGGZG

Re: Bitcoins reached $300

#4
When Silkroad went down I expected bitcoin to take quite a slump but what has happened is contrary. I am not implying that anonymous transaction s for illegal use are the only thing bitcoins are good for but its my guess that it forms a major part of the group that actually use bitcoins for buying stuff. I am not sure why would anyone would get troubled in buying bitcoins for purchasing rather than punching a CC number. What is pushing its value, I am not sure but I am really spectical that it has to do with bitcoin's popularity.

Re: Bitcoins reached $300

#5
Bitcoins should lose 3 zeros, like many countries do to their currencies.

So 1 new Bitcoin = 0.001 old Bitcoins = $0.3

I think I'd like that more than just starting naming them something else all of the sudden, and call them Satoshis or whatever, and then when the Bitcoin reaches $10,000 we'll probably have to use new names yet again.

Cutting the zeros could be a little confusing at first, but I think less confusing than starting talking about Satoshis, or mCoins or whatever, all of the sudden.

Re: Bitcoins reached $300

#8

When Silkroad went down I expected bitcoin to take quite a slump but what has happened is contrary. I am not implying that anonymous transaction s for illegal use are the only thing bitcoins are good for but its my guess that it forms a major part of the group that actually use bitcoins for buying stuff. I am not sure why would anyone would get troubled in buying bitcoins for purchasing rather than punching a CC numb…

Bitcoin did take a hit, but it recovered fairly quickly.

Re: Bitcoins reached $300

#9
post #5

Bitcoins should lose 3 zeros, like many countries do to their currencies. So 1 new Bitcoin = 0.001 old Bitcoins = $0.3 I think I'd like that more than just starting naming them something else all of the sudden, and call them Satoshis or whatever, and then when the Bitcoin reaches $10,000 we'll probably have to use new names yet again. Cutting the zeros could be a little confusing at first, but I think less confusing…

What about 8 bitcoins = 1 bytecoin

Re: Bitcoins reached $300

#10
post #5

Bitcoins should lose 3 zeros, like many countries do to their currencies. So 1 new Bitcoin = 0.001 old Bitcoins = $0.3 I think I'd like that more than just starting naming them something else all of the sudden, and call them Satoshis or whatever, and then when the Bitcoin reaches $10,000 we'll probably have to use new names yet again. Cutting the zeros could be a little confusing at first, but I think less confusing…

What about 8 bitcoins = 1 bytecoin
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