Tell HN: Bitcoin is about to break 10M market cap mark.

https://news.ycombinator.com/item?id=2477607

by eof • 15 years ago

19 12 15 years ago

news.ycombinator.com

bitcoinwatch.com is probably the best place to watch.. probably will happen before midnight.

Been a crazy rally.

mrb• 15 years ago

This morning Bitcoin reached parity with EUR ($1.45/BTC).

This afternoon it reached parity with GBP ($1.65/BTC).

Insane. http://bitcoincharts.com/markets/mtgoxUSD.html

pathik• 15 years ago

20% appreciation in a day. That's definitely a bubble.

tomjen3• 15 years ago

Or it is the hockey stick end.

Guess we will have to find out.

kiba• 15 years ago

Everybody is worried about bitcoin being a bubble, constantly.

sgornick2• 15 years ago

Anything over $1.67 USD brings the "market cap" for the 5.991M BTC (money stock at present) over the $10M mark.

Currenty intraday high of $1.70 so 10M has been breached.

TorKlingberg• 15 years ago

I suspect if anyone tried to convert a significant amount of bitcoins into ordinary currency, the value would plummet. Also, comparing the value of one "bitcoin" to one USD or EUR is meaningless.

eof3• 15 years ago

How is it meaningless? There is an active trading market where people are trading BTC and USD back and forth.

It doesn't seem different than comparing one "dollar" to one "euro."

phirephly• 15 years ago

Perhaps he's referring to the expected elasticity of Bitcoin, but you're right, comparing anything to the dollar is perfectly valid, but making comparisons and liquidating assets are two different things.

tzs• 15 years ago

Dollars and Euros are currencies. Bitcoins are collectables.

sgornick2• 15 years ago

Can the title still be edited? Over $11.5M at the present moment.

There's so little supply that to buy even just a few thousand bitcoins at this point runs the price up 10% or more.

eof3• 15 years ago

someone is buying everything they can at 1.95 right now

Tell HN: Bitcoin is about to break 10M market cap mark.

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