Quote from: ElectricMucus on August 03, 2012, 07:01:44 AM

Quote from: FreeMoney on August 03, 2012, 03:42:11 AM

Quote from: chronicaust on August 02, 2012, 05:34:09 PM

Quote from: ElectricMucus on August 02, 2012, 05:31:57 PM

Quote from: chronicaust on August 02, 2012, 05:23:06 PM

At about $10.40 we will break the USD $100M market cap. = O

That number is somewhat hypothetical since a wide majority of bitcoins were never sold in the first place.

A better market cap figure would be something like 21M*(all btc ever sold)*(prices they were sold at)/(currently currently issued btc)

Well, theoretically at least.

So coins mined when they could be bought for .06 and saved (aka declined $1, declined $5, declined $30 and currently declining $10.60) are only valued by the holder at .06? No.

Yes, and it's a fact.

U mad?

To clarify: Coins never exchanged for Currency are have no business being valued at the market price.
That may be an inconvenient truth for some, it doesn't matter as long BTC are going in the direction of triple digits or something, it does however if they are not.

Ok.. what about silver that hasn't been sold yet, what is it's value?

We must be miscommunicating. You think an untraded coin is worth different than one just bought on Gox for $10? Would you refuse to pay a dollar for a never sold coin? You really value it at nothing?