One Bitcoin is now worth more dollars ($29.50) than one troy ounce of silver ($29.44)
We'll use this thread to track the spot price. Also here is a fun fact...
This is how things have been going...Consider this trend, with checkpoints every 5 months:
A Bitcoin has never been worth less than...
Feb-2011 $0.50
Jul-2011 (5 months later) $1
Dec-2011 (5 months later) $2
May-2012 (5 months later) $4
Oct-2012 (5 months later) $8
Feb-2013 (3 months later) $29 (Bubble that will dip back to $16 possibly?)
Last edited by Paladin69; 02-19-2013 at 03:45 PM.
holy crap - how did they value so high since Oct?
- Iran citizens discovering them to get around sanctions.Originally Posted by ninepointfive
- Wordpress accepting them
- Reddit accepting them
Many other stories out there I'm sure...
It's growing. It is a real economy.
This isn't going to end well.
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"He's talkin' to his gut like it's a person!!" -me
"dumpster diving isn't professional." - angelatc
Wasn't there a reverse split of coins, or stopping of minting them...I thought something happened that ended up goosing the price.
"Your mother's dead, before long I'll be dead, and you...and your brother and your sister and all of her children, all of us dead, all of us..rotting in the ground. It's the family name that lives on. It's all that lives on. Not your personal glory, not your honor, but family." - Tywin Lannister
Does anybody watch the Kroll Show on Comedy Central? It's ok, but I've noticed some sublte propaganda - I haven't figured out if they are making fun of government propaganda or if they are an arm for it - but they seemed to be making fun of people who bought bit coins a couple episodes back - in TWO different skits.
Also funny that Kroll is a multinational corporation involved in private security/intelligence and appears to have helped carry out the 9/11 attacks.
Last edited by dannno; 02-19-2013 at 03:46 PM.
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"He's talkin' to his gut like it's a person!!" -me
"dumpster diving isn't professional." - angelatc
Halving day happened in October or November. Only 3600 coins can be mined per day now instead of 7200.
Mining is not an industry I would suggest. The future of that is unknown in terms of profitability. Many proponents of Bitcoin don't suggest mining because the more that get involved, the less there is. Miners getting involved is increasing quite fast. it's a completely different industry within Bitcoin separate from the economy itself.
Last edited by Paladin69; 02-19-2013 at 03:50 PM.
With not much governments can do about it. Just like they could never stop bit torrent.
Also, this:
Yes, the reward for validating the transactions aka mining reward has been halved for the fist time from the initial 50BTC per validated block to 25BTC per validated block meaning that on average instead of 7200BTC per day, there are now only 3600BTC per day being issued. This happened at the end of November and likely took a while to fully translate into a price change due a reduced rate of new supply. And there's a visible growth of the user base and merchant adoption ever sine the also November Wordpress announcement..
Last edited by hazek; 02-19-2013 at 04:45 PM.
My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right, tend to be unwilling or unable to accept blame )
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