http://uptweet.com/viewStory?id=1519
This is making me feel very bullish. A lot of us remember the $5mil number from bitpay for march, however I assumed this was somewhat of an anomaly due to the large ASIC sale that month. If this trend continues, Bitpay and silkroad alone are going to break $100mil in transactions in 2013. Yes yes, I know, given monetary velocity and such such this still doesn't support a valuation of $1.5bil. Thing is, bitcoin valuation is going to be largely composed of store of value and speculation for a very long time, if not forever.
$1000/BTC by Jan 2015, if not sooner
This is making me feel very bullish. A lot of us remember the $5mil number from bitpay for march, however I assumed this was somewhat of an anomaly due to the large ASIC sale that month. If this trend continues, Bitpay and silkroad alone are going to break $100mil in transactions in 2013. Yes yes, I know, given monetary velocity and such such this still doesn't support a valuation of $1.5bil. Thing is, bitcoin valuation is going to be largely composed of store of value and speculation for a very long time, if not forever.
$1000/BTC by Jan 2015, if not sooner
trend micro blocks this URL for me, can someone post a screen shot?
also I wonder if there is inflow and outflow data. how much fiat flowed in to bitpay? how much fiat did bitpay pay out? is there a trend over month to month data?