Quote:
Originally Posted by rowan
BTC: at $18/BTC that's $1.15; at $23/BTC (price just took a big leap on mtgox) it's $1.47. Extrapolate that to 24h and you have $2.30/$2.94.
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I was thinking about BTC value yesterday and was going buy $100 fun but they dont accept paypal. In theory the value has room to go up. The guy who paid 1=1. made a killing cause 1btc=$23us now. If I understood right at some point there is no more btc mining and they get divided to increments.
The price can still be artificially inflated like pump and dump.
BTC value = determined by free market