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Ask HN: Will BitCoin reach $30 this week?
No betting, just discussion. It's already $29.5 on MtGox.
- samtaylor29 14y agoWe are in a bit coin bubble at the moment that will crash in the next couple of months, it should reach $30.
- bayesianhorse 14y agoOn localbitcoins.com, the price of 30 Dollars is already exceeded, at least if you convert between Euro and Dollars. Doesn't mean that trading in Bitcoins isn't simply money laundering. And no, the standard argument "cash is used for ml too", doesn't hold. The illegal uses of BC seem more visible and more voluminous than the legal ones, so yes, when trading bitcoins, you are helping the illegal part of the economy a lot more than the legal part of the bitcoin economy. The ECB clearly said so, officially, on the record. This might be the year of the bitcoin: Die or prosper.