Raine - you are correct I was referring to LTC : BTC price ratio, which I figure will get to 1 : 4 max. Right now it's 1 : 20, so 5x upside potential there (compared to BTC). Still a lot of room for profit, but this will close.

LOL @ Shoe. Pretty much wrong in every thread ever, so tempting me to try to increase my position. The only thing that counters this is STEEEEEEEEEEEEEELHOUSE on this side.

ThinkItThrough - Yes, it's very hard to try to rationally predict the behavior of people buying these coins in the short term, which is why I stopped trying.

All the alts exploding just screams short term bubble for me. Even the Bitcoin boom looks that way, although it seems to be more constant growth than anything parabolic. There might be profit potential short term here, but I have no idea of knowing if we are still on the way up or the bottom falls out. The lack of options for trading means you are at the mercy of a single exchange, and if that goes down or has a problem, you could be screwed for holding bags, much like people were in the last Bitcoin bubble crashes.

Bitcoin is a potential game changer in massive industries (Forex, Remittences). Twitter is just a website to send text messages. If Twitter is currently valued 2x more than Bitcoin, then I think it shows that Bitcoin is currently massively undervalued. I know it's not an exactly correct comparison but it puts Bitcoins current price into perspective imo.

The best thing for a huge bubble is not being able to truly value something. If BTC goes to 100 B market cap then we just find ways to justify it. Everyone would start comparing it to golds market cap in the trillions and say it is still way undervalued... it could go on for a long long time.

I don't think the comparison of market caps to Twitter makes sense, since Bitcoin isn't a company that produces value. It's more of a commodity. So you have to judge how it can be used and what problem it can solve. But even then it's odd, because Bitcoin isn't destroyed when used, but transferred, and the quantities for transfer applications are irrelevant (No one cares if you transfer 1 BTC or 1uBTC for Western Union to work). It's very difficult to figure out the value it would be.

Anyone knows someone sell coins for stars money ?

All his pr0n, too, likely. JFC.

interesting note, litecoins' growth has mirrored bitcoins fairly well so far, including a lot of the opinion posts in this thread. this run up is about the same as bitcoins' first large bubble from 0.7 -> 32 in usd terms. similar numbers here would be 1.11 - > 50.7. i sold my litecoins this morning, good luck to litecoin!

also, i love nmc and i was holding a 5-fig nmc balance. so holy shizzlizzle.
as of this morning, i've reduced that to about 1/2 and am encouraged by the growth obv.

all combined, this has been a >100 btc week or two trading the btc and the nmc, and so with btc/usd's growth, its my first +6-fig fiat week! wtf is this real ?!?

(semi-pro tip: looking to 1850-2150 for next solid trading position. buys in the 1000-1400 range)

I think Tom's recent bullishness is some kind of level now.

Jesus 1200 on gox, I missed 1100 completely.

Well done, sir.

How do I go about investing in litecoin and peercoin. I know I can transfer some BTC to BTC-e, but I wanted to know if there was a "coinbase" for litecoin and peercoin?

How much ''roll'' are you using for all of this? Like how much would you suggest to have INSTANTLY available in fiat/coins on the exchanges to trade like you do?

They did that (comparing the market cap of gold to bitcoin) on the Keiser report yesterday.

I think we are getting near the top. The only problem China is in the game and it is probably a worldwide frenzy going on now, so the top might be $1200 or $5000. The tulip mania ended when a fresh supply of tulip bulbs would enter the market diluting the value of tulips. There are going to hundreds of new coins coming out now. The question is will after the crash everything go back to bitcoin? if things don't go back to bitcoin there are going to be 100s of new coins and if you can have $1000 of bitcoin (1 BTC) or $1000 of infinitecoin, I think I would choose the latter since there would be no more mining rewards. Bitcoin might be limited to 21,000,000, but the cryptocurrency community as a whole is not limited.

About March 31st 2013, Litecoin hit $1. About April 9th, bitcoin crashed from $220 to a low about $80 April 16th. Slowly everything moved back to bitcoin. Will this trend happen again? I don't think so. If things don't crash for awhile, altcoins will be taking a larger and larger marketshare.

Maybe we should create our own alt coin?

Steelcoin.

At this point, expecting a long run of stability is probably wishful thinking. It's exponential growth after all. Also as Tom mentioned, merchants don't have to worry about the volatility through 3rd party btc payment processors.

This will get less volatile when a significant portion of the adoption is close to 100% of its potential. It will likely then encounter a big correction to some extent as it runs out of spec fuel and finds its practical grounding at which point it will likely continue upwards slowly.

3-5 years timeline most likely. Assuming it doesn't blow up for some reason.

http://en.wikipedia.org/wiki/Adoption_curve

http://en.wikipedia.org/wiki/Sigmoid_curve

https://bitcointalk.org/index.php?topic=348699.0

The infrastructure will grow quickly, too much profit to be made for that not to happen. This is what venture capitalists dream of. A blank slate that can take over the world.

i make no suggestions. im very risk tolerant and i sent about 25% to cavirtex for that trading session. i keep around 5-10% at gox, btce, cavirtex, just-dice, swc. and now about 25% locked up safe at home.

what suggestions are you looking for? like how many BIs should i have for 2/5-5/10 live at borgata? i dont know. how good are ?

If your acct is unverified on bit-stamp can you still receive BTC? How about receive + send them? Is the inability to withdraw just to your bank account?

I apologize if this is not the correct thread.

Is anyone having a problem with receiving the SMS/phone call verification code via Coinbase? I have not ben able to get a code via SMS or phone call for over 24 hours now. I click on the option and no code or call hits my phone. Obviously I have emailed support, but I have not heard back from them (no surprise).

Any help or further information would be appreciated.

didn't they switch to google authenticator instead?

IIRC (havent used coinbase in a while) when I set up my acct you could use either or.

They used the phone to verify your account

and then you could set up google auth.


If you set up google auth you could use that number OR the number they text you at each log in. IIRC i tried either at one point and they both worked.


although the next logical thing wouldve been for me to put in 111111 as a test, but i never thought of that

What do you guys think of vault of satoshi? I'm trying to buy some peercoin and litecoin, but don't want to make any noob mistakes.

what is bitcoin? some kind of magic internet money?

Are you using google voice by chance? If so, the code is probably in your spam box.

Also I received a coinbase sms code yesterday

Welcome to the beginning of an S curve. 5k by the end of 2014.

Anyone have withdrawed lately using BTC-e to their wallet (LTC) and can tell me how long it took?

Thx