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I still believe in the B. Not everyone can profit from Bitcoin, only those with patience
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fuck it, i m pretty new to bitcoin and i ll hold ! atleast we have some movement !
Holding is the only way. People go crazy every time the price changes - don't forget this is Bitcoin after all |
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I really don't recommend you offer this service. Your page is not ready to be monetized yet and 'selling out' this early will definitely slow down your growth, especially for completely unrelated bitcoin promotions
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Your best bet is to check out IPOs for securities. But hodling bitcoin is still going to be your best option
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Re the buying on Gox and selling in China - and the subsequent dump
It is highly likely that this was driven by a significant Chinese buyer in collusion with western based confederates seeking to remove their funds from China to evade the corruption probes that are ongoing within the Chinese state.
Someone or a group of someones wished to move USD millions from China into the West quickly (to evade confiscation) using methods that the PBOC were unable to trace. Acting in concert with a small group of westerners , who work orders for their client - buying bitcoin in the west and selling them in China to the client. This causes the initial increase in demand for coins (several 100,000 BTC) - call it $40-100mm CNY equivalent at prices below $500-$600.
(The westerners probably did this in exchange for a percentage cut of the USD amount successfully moved from China.)
This initial spike primes the bubble and unleashes the horde who then run the price up into the 1,000's, during which time the initial buyer(s) dump their coins via stamp , gox and other Western Exchanges, and continue to do so past the bubble (and possibly still continue to do), driving the price down until the initial investor is fully out of Bitcoin and into USD that the PBOC cannot trace.
Such an exercise would also explain the Chinese response to bitcoin and the Chinese authorities attempts to prevent fiat flows into BTC since the November/December bubble.
+1 Makes a lot of sense. I am not convinced. I am as much as a bull as Bitchick, but it seems like we are constantly making excuses for Bitcoin's price. I am starting to question just how much future expectations were already priced into the last bubble. It could be that huge merchant adoption and Winkdex are already reflected in a $600 bitcoin |
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To answer your top headline's question: yes dogecoin is crashing  |
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Funny but seems a better representation of the willy bot than banks  |
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That don't make sense. You say it's opensource, but yet sell it? That defies the logic of opensource.
Ok I sell it, but the buyer gets opensource, so they can change it however they want. If I encrypted the code, it wouldn't be opensource. Why don't you open source the code, and sell your services to installing it, working on it and hosting it for people. You will make a lot more money this way. I did something like this early in bitcoin, but I did with a trading bot, I open sourced the logic that made up the bot but not the strategies I used. People would contact me all the time to implement their strategies and/or host it on a VPS for them. Yup this seems like a much better option. And quite frankly you are never going to beat piracy online |
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Good luck with your project. We do not have any experience with setting up pools, but if you need any marketing help let me know
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Trezor is a great product that takes Bitcoin one step closer to being mainstream-friendly. But I do honestly think that the packaging could be improved a lot - at the moment it reminds me of cheap Chinese hardware
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Not investing in Bitcoin is investing in fiat (in most cases), and who can honestly consider fiat an investment? Bitcoin seems like a good pick really
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I would never rule out the possibility of bitcoin becoming an actual currency, the banks more than likely will try to prevent it however it's not about what the banks want but more what the public use more. If bitcoin becomes more popular with the public and becomes used more by businesses it could be that more people use it over their own Country's currency. One day I feel that banks may just have to accept it as a currency whether they like it or not.
I actually think that game theory will come into play here and Bitcoin will eventually gain acceptance among banks. What I mean by this is that if all banks collude to reject Bitcoin they will be successful. But what will actually happen is one bank will realize the profit to be made from embracing Bitcoin and start providing Bitcoin services. After making high levels of profits, the other banks will follow their decision. But of course that is just in theory  |
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Things will flow once ebay accepts btc.
More so when Amazon accepts Bitcoin. Now I think of it, it will be interesting to see who accepts it first: Ebay or Amazon? |
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Did we see the flashcrash that is typical of a bear trap immediately before a bull run? It certainly seems plausible
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And Fonzie is wrong yet again  |
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Everyone who did not sell is like:  |
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Just FYI, sending letters is direct mailing not guerrilla marketing
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If that Gia girl is going I am straight there  In all seriousness, I think this probably more valuable to go to than conferences that have extortionate ticket prices. Hopefully I can go to Autumn one. |
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