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Sheesh, are we still below 400? *yawn*
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I imagine quite a few Indians wanting to send money back to their families in India from Australia would see the benefit in using Bitcoin as a lower fee means of transmitting it.
I was thinking the same thing...my wife was going on holiday to India, and I was thinking how to send money over there via BTC so she doesn't have to carry several thousand dollars with her (her safety being my concern)...however, doing a bit of looking around I couldn't find an easy way for her to get it converted back to Rupees upon arrival... I think this is a potentially large missed opportunity, not just for India, but world travelers in general. Imagine a "BTC Exchange" (just like the money exchangers) at the airport...show up and get cash in local currency (with a tiny bit taken out for commission). This would allow travelers to travel safely and not worry about getting robbed while falling asleep or something waiting for a connecting flight. Yeah, bitcoin ATMs at the airport (or major cities) would be nice. |
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So I sold 1 BTC at 350 yesterday ...
..... on gox, and its gone up by 40+$ in 24h
Yeah, against my better judgement, I sold 2% of my coins yesterday trying to play the dip. It missed my buy target by <5$.  I am glad I bought them back earlier today. |
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I pay very little attention to whatever Max Keiser has to say anymore. He was screaming Buy Buy Buy as a madmen when silver was approaching 50 bucks. |
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Funny enough btcchina seems to be the only exchange not at ath right now  China, Y U no Rallye? Because they already rallied, and are waiting for us to catch up. |
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Then again, its not local, so maybe thats why they dislike it (maybe I am being somewhat racist/stereotyping, but I have heard that Japanese are very much focussed on their own culture).
PS: and, of course, the Japanese flag is perfectly minimalist and balanced for the addition of a lovely BTC symbol in the middle of that red circle. Lol, wouldn't that be something  |
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I spent a few hours yesterday talking to a Japanese lawyer about Bitcoin, at his request. Last year he was asking me about gold as he's familiar with the issues surrounding central banking. He gets it, and he's well-connected and telling his friends. He agrees with me that Bitcoin is still almost completely unknown in Japan, and that when Japan bites it will bite BIG.
Yeah, as a developed (rich) nation of technophiles with a serious debt issue, bitcoin should find an appeal in Japan. Then again, its not local, so maybe thats why they dislike it (maybe I am being somewhat racist/stereotyping, but I have heard that Japanese are very much focussed on their own culture). Although I presume that the looming currency/bond crisis will fix this emotional fondness of their own state. |
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unfortunatly a lot of economists are still confusing massive trash production with good economic growth
Agreed And I disagree with the author to only look at bitcoin as a payment network, and not as a true currency. |
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“the governance of the bitcoin code and network is opaque and vulnerable,”
I thought it was open source, and that anybody can review the code if they wish to? Although I guess it will never be as transparent as the current system...   |
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Also, they can fuck up your brain... |
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Well this thread is certainly alive again...
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The truth is that bubble 1 was more violent than bubble 2, (we went up x16, from 2 to 32), so I'd expect bubble 3 to be less violent than bubble 2 and 1. Regarding singularity, is a beautiful *theoric* concept, but its painfully clear to me that nor the protocol nor the infrastructure can scale to accomodate such a "singularity", and thus I consider it pretty much of a fairy tale. Anyhow, I will be obviously happy if it happens Really, I feel like we went from 5 to 266 in bubble #2. 5 was a long period of stability... in April 202 so that actually x50. The only real pullback between then and the top was the pirate disaster, and that is easily seen as artificial. That is, its a external event that could have been triggered anytime -- not really related to the trend. And in my mind it has always been approximately $13 to 266, so yeah, I guess it is pretty subjective. |
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My wife bought when the price was £7.80. She spent £5k and bought 641 coins, worth about £130k or so now.
This was probably the 2nd best decision she ever made (after answering "I do")
I have bought a small number of coins from time to time, but my 2nd best decision ever was to buy a bunch of 5870s back in January 2001.
No man, her best decision was buying BTC, YOURS was marrying her! |
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Hi guys. I've been trying to avoid the spec forum, but I decided to break down and jump back in to say "hi". I'm pretty optimistic about bitcoin, but this move is surprising.
Wow. This is a bearish signal indeed. Guys: SELL SELL SELL!!! P.D.: Just joking Proudhon, very happy to have you here!! Lol, i was thinking of a similar reaction. Welcome back Proudhon. |
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Hey if that is directed at me I'm the only one talking about the price direction and adding some TA....and NOT about my "feelings", lol.
Reading about feelings can be informational too, it allows you to assess the market sentiment. BTW, if this becomes another big bubble, this thread will be swarmed by "nervous chatter". |
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Being a nervous investor and posting about it constantly helps no one.
Except for the fact that it is fun chatter  . |
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BTC is too high and volatile, and it's based on nothing more than pure gambling.
Rather, you should invest in Stocks if you have much money right now (Twitter shares surge 73% on market debut). There is much less risk...
Stock prices are also based on gambling but also on investors' expectations of the future value of a company.
Its one thing to advise people to sell BTC. But when you combine this with the advice to buy the stockmarket, this goes down as the worse post of advice I have EVER seen on this forum. And that says a lot. I don't recommend people to invest their money in stocks, bitcoin, gold, poker or whatever, but for investors that have a lot of funds available and want to make extra money, the stockmarket is much safer and it's retegulated by the SEC. Let's be honest, bitcoin is an illusion like the dollar and have potential of reaching zero today or tomorrow, but the U.S. dollar is backed by the might of the US military. It's pump and dump nothing more, nothing less. For sure, you shouldn't buy any bitcoins. I am however wondering what you are doing here on the forums if this is your opinion about bitcoin. Are you perhaps talking your book? |
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$342
We still haven't had a Bitcoin-style full-on correction/dump from this 6-day rally and I'm getting a wee bit nervous.
Yeah, we might be due for a nice correction here. I am not putting any money on that yet though. |
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up Up UP |
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