1. Buy $81,000 in bitcoins
2. Wait.
Seriously, did this actually happen to someone? Are people actually buying tens of thousands of dollars worth of bitcoins?
1. Buy $81,000 in bitcoins
2. Wait.
Seriously, did this actually happen to someone? Are people actually buying tens of thousands of dollars worth of bitcoins?
Thirty day volume over at mtgox is 6 million dollars. Granted, much of this might really same money going back and forth for some day trade action, but it's still way more than people who don't follow bitcoin would ever think.
Bitcoin transactions have two outputs. In order to send a fragment of money, you need to create one output for the fragment, and the remaining output to put the "change" into your own wallet.
For example, if you have a wallet with 10,000 BTC, and you send 1 BTC to someone else, there will be two "outputs" - consisting of 1BTC and another with 9,999 BTC. An external observer won't (easily) be able to determine if this was a transaction of 1BTC, or 9,999 BTC.
http://www.bitcoinmonitor.com/ -- red dots.
Well and the MtGox volume last Friday was roughly half a million. USD.
On the other hand, given how much effort is going into promoting bitcoins I wouldn't be surprised if some folks are just trading them with themselves in order to pump up the numbers.
Anyway, if people have gone from "ehh, I'll stick twenty bucks in just to see what happens" to "I'm gonna buy eighty-one thousand dollars worth of these things!" then it confirms my suspicion that the world is about to run out of bigger fools to sell 'em to.
I really hope this is the case with the insanely large buys, and it's not someone mortgaging their home.