I love Bitcoin, every time I sell some the price shoots up a few weeks later  |
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After hodling through the MtGox crash these minor blips we have now don't phase me! I've cashed out a little along the way but now I'm sat on a nice little stash, I just check the price every now and again and wonder how long before I go from being able to buy a Tesla to being able to buy an island  |
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here are days that i make more on btc than with my two retailshops and 5 employees in a year. i have a hard time to stay motivated. it is obscene i fear. then i remember all the hard times when btc cratered and everyone shook their heads and i felt like an idiot. it was not easy money, i can say this.
Indeed! The number of times over the years my family have told me to cash out at £300, £500 etc etc and it's risen and fell... Stressful times, but hodling takes guts! We will have a big correction soon, but I will hodl and it will recover and one day I'll retire and live just using Bitcoin, maybe in Japan |
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This moon rocket is making me crazy, in the last 30 days my Bitcoin stash has increased by about the same as 9 months salary... and I have a pretty decent salary!  |
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What happens to your card when the waitress takes it to the back room?
Still amazed that the USA doesn't have chip&pin cards like the UK and most of Europe. Reduces fraud a fair bit I would imagine compared with in the USA where they just need to clone your card and use it anywhere. |
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I love how it's always about money laundering and funding terrorists, because those things aren't easy to do with cash, gold, diamonds, sports cars etc etc...
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big one, great! hopefully we see some european giants soon.
Well in the UK we've got Scan and Overclockers accepting Bitcoins, that's computer hardware covered pretty well here. Ebuyer would be a great next choice for more electrical goods along with PC hardware. |
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Don't they first have to prove that all the Bitcoins are from illegal purposes?
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Oh... so in the two and half months time (March to mid-May), they have processed around $600,000 worth of Bitcoin payments. That is almost $8,000 per day. Not a very big amount, but still significant.
The bit we need to know is whether this is sales from new customers, or whether it's money they would have got otherwise via existing customers paying via a different payment method. |
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Long live the Queen. But seriously, the continual expansion of these ATMs as well as merchants who accept BTC tells me we're smoothly mainstreaming ourselves while making sure all of the tools are in place for when the moonshot comes and the media and subsequently, the public writ large, is ready to hop aboard. it is not yet mainsteaming as it could be and perhaps it will never go totally mainstream. As I cannot imagine my grandma using Bitcoins. And this is what indeed mainstream would mean - bitcoin for everyone But indeed it is spreading widely and it is very good! My grandad has been quizzing me about Bitcoin as he thinks they will be great for travelling if more ATM's pop up. He gets very disgruntled with currency exchanges and banks, he said the idea of having bitcoins and swapping them for local currencies with people / ATM's seems a fantastic idea. So there is yet hope that some of the older generations will see their utility, although my grandad is a little clued up when it comes to these things as he is a big advocate of gold over cash. |
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This is great! Would be nice to have one in the centre of each of the major cities! Sheffield next please! |
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Not sure why people or ripping on Estonia... it's probably the nicest country I have visited on holiday, and they have been pumping insane amounts of cash into technology for a long time now.
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I'm pretty sure it had nothing to do with Bitcoin and more because he was wearing a hoodie with "bitcoin not bombs" with a logo of a plane dropping bitcoin bombs....
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Looking at the numbers they basically have half the liquid cash to be able to pay everyone back. So in an ideal world everyone would get 1/2 what they are owed, which is a lot better than nothing.
But it doesn't really break it down into whether thats just cash, or includes Bitcoins, and if so at what exchange rate? The $100ish that MtGox was, or the average value on other exchanges at that date?
Also administrators will eat a huge chunk on the money, and generally the biggest creditors will get dealt with first leaving anyone with normal sums of money screwed over.
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Small amount on BlockChain.info wallet, the rest stored in an Armory paper wallet and a backup also on an encrypted virtual machine on a pendrive... both stored in a fire safe.
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Who under 30 has:
A) Spare capital to invest
B) An investment mentality
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Me? Or anyone else that works in IT and has a decent salary? So plenty of software engineers, network admins etc... Pretty sure that will be a large portion of the demographic here |
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I have a blockchain.info wallet for my short term stash and a chunk put away in an Armory wallet that is both printed as paper and stored on an encrypted pendrive with a linux virtual machine that has the wallet, these are stored in my fire safe |
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You missed being able to buy electronics / computer parts from www.scan.co.uk |
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