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1521  Economy / Speculation / Re: Before the day ends $200 on: January 13, 2015, 09:44:09 PM
There are so many TOP experts here, you guys must be rich by now. Or not?....

Once it went below $300 a lot people said it will go back up within a few days. GUARANTEED!!   Grin


And it did go back up within a few days. I bought at 296 and hodled all the way down to like 250, then sold at 301.
1522  Economy / Speculation / Re: Before the day ends $200 on: January 13, 2015, 01:35:01 PM
I bought 400 bitcoin today. Tongue
I only bought BTC100 today. But if the price drops below US$200, I'll buy BTC100 more. Gotta grab those cheap coins. Grin
Good buy mate.
1523  Economy / Speculation / Re: Before the day ends $200 on: January 13, 2015, 11:01:04 AM
I'm also willing to bet 1 bitcoin price stays well above $200 today on Bitfinex.

I bought 400 bitcoin today. Tongue
1524  Economy / Speculation / Re: Bitcoin Conference = Uptrend about to happen? on: January 13, 2015, 09:34:33 AM
i think they will have to cancel the conference ...

I'd love to be there and see all the butthurt tbh.
Same was happening last year. Look at the historical prices.
1525  Economy / Speculation / . on: January 13, 2015, 08:59:19 AM
.
1526  Economy / Speculation / Re: #REKT !!!! on: January 13, 2015, 08:29:42 AM
i'm out and yes, bitcoin hype is over.

it will never comeback to $300 worth in a year.


It will. More quick than most people can imagine actually.

The world's biggest bitcoin conference is about to happen (January 16th) people selling now are literally selling at the bottom...
1527  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 12, 2015, 02:48:07 PM
Think we will see the price above $280 again today. Grin

Here we go! Buy buy buuyyyyy!!
1528  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 12, 2015, 07:58:02 AM
Think we will see the price above $280 again today. Grin
1529  Bitcoin / Bitcoin Discussion / Re: Why Don't Black People Use Bitcoins? on: January 11, 2015, 09:26:58 AM
Morecoin Freeman does think this thread is inappropriate. And yes I do use bitcoin by the way.
1530  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 11, 2015, 04:08:01 AM
Litecoin been taking a whoopin today... I think others have finally caught on, but litecoin and the alt market in general is a harbinger to the direction of bitcoin itself, because they're smaller and we see the effects quicker. This bear market is far from over, folks. We're going nowhere but down. Cut your loose.
You should learn how to trade bro. Litecoin was another easy 10% flip just now actually ($1.6 bottom ; $1.8 top). Tongue

I don't trade litecoin tho, only bitcoin.
1531  Economy / Speculation / Re: The towel is in the ring. on: January 11, 2015, 03:59:42 AM
Why do some users make the same threads every other day?
Yea you think bitcoin is not here to stay etc... I figured. See you in couple days in your newest thread?
1532  Economy / Speculation / Re: Winklevoss COIN ETF to push price above 10,000 on: January 11, 2015, 03:03:40 AM
COIN will solve three major problems that are stopping most people from investing:

1.  It's hard to buy bitcoins.  You have to find an exchange, open an account, go through the verification nightmare, get money there, and then (depending on the exchange) buy a little bit at a time until the exchange decides to trust you.  It's 100 times harder than going online and buying any stock or mutual fund in your existing brokerage account.

2.  It's hard to store bitcoins.  You either have to trust it with an online exchange, which everyone says is unwise, or you practically need a computer science degree to figure out how to keep it some kind of cold storage.  The average Joe would be unwise to try this at home.

3.  It's extremely hard to invest retirement funds in it, which is the only investment funds many people have.  (You can do it by setting up an IRA LLC, but that's expensive in terms of money, effort, and time.  See https://bitcointalk.org/index.php?topic=396783.0 for details.)

Once COIN is approved, the average Joe can login to his retirement account and buy bitcoins with practically no effort.

I don't think that the approval of COIN will necessarily immediately launch Bitcoin to the moon, but it will make it much more likely to happen once some triggering event gets the ball rolling.

Of course, it's possible that the price will rise dramatically after the SEC announces that COIN is approved, but before anyone has a chance to actually buy it.  It might be worth setting up the IRA LLC and investing Roth IRA funds in bitcoins, where they can grow tax free, before that happens!

So even bitcoiners admit that it doesn't work as a currency because it's too difficult for people to trade in and out of regular fiat and storing them properly is too complex and dangerous.

So the answer is... open an ETF to allow computer illiterate people the chance to "invest" in a currency that is too complicated for them to use in the first place. Brilliant!




Something about a learning curve and new developments making the process more easy over time.

Most new generations know how to use a personal computer, this wasn't always te case.
1533  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 11, 2015, 02:03:16 AM
Offtopic question,
How do I chose avatar picture on this forum? I tried to put Kodrić, Karpeles or Jeff Robinson on my profile picture but it doesn't work, how do I do it?
You can't.

That is one of the outstanding unsolved technical problems of bitcoin.  It is one of the reasons why I am skeptical about its future.  If those so-called bitcoin experts cannot even fix that…  Grin  Angry
lol
1534  Economy / Speculation / Re: Good time to buy? on: January 11, 2015, 02:00:48 AM
Fuck NXT whatever that's supposed to mean. Speculation of alternate cryptocurrency belongs in Alternate cryptocurrencies.
1535  Economy / Speculation / Re: Winklevoss COIN ETF to push price above 10,000 on: January 11, 2015, 01:58:53 AM
expect the price of Bitcoin to soar to over $10,000.


Ah yes, the soaring  $10,000 per Bitcoin in 2015.  Let's see what this means. 

If miners decide to sell all their mined Bitcoins, (or 50%), this is how much daily fresh money is needed on the exchanges for the price to be stable:

2015-2016 :   $36 million ($18 million daily if 50% sold) 
2017-2020:   $18 million ($9 million daily)                         
2021-2024:   $9 million ($5 million daily)
etc.

Don't forget that they have to sell to cover their electricity costs. So, if Bitcoin is $10,000, good luck in finding that daily thirty million dollars.
Where did you get those calculations from?
1536  Economy / Speculation / Re: Good time to buy? on: January 11, 2015, 01:18:01 AM
It is always a good time to buy if one knows when to sell. This market is highly volatile. A lot of room for profits to be made.
1537  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 11, 2015, 01:15:33 AM
 Grin

I think we found the bottom for this weekend at around $275.
1538  Economy / Speculation / Re: Winklevoss COIN ETF to push price above 10,000 on: January 11, 2015, 01:01:33 AM
It's quite simple actually, more money being able to flow into the market can only do something good to today's price. Smiley
1539  Economy / Speculation / Re: Bitstamp being down didn't affect the price. on: January 10, 2015, 09:15:02 PM
Almost every altcoin has been and will be a pump and dump.

Only legitimate altcoin is Darkcoin.
1540  Economy / Speculation / Re: The lower the price the worse for Bitcoin? on: January 10, 2015, 09:10:02 PM
it could go the opposite way
10 dollar coins could get a new load of people involved that couldnt afford to buy in before
when a coin costed around 600usd  

Someone needs to put this stupid theory to bed, that a higher exchange rate turns people away.  If this is the case then a single bitcoin will never ever reach $10k/btc, just like gold will never reach $1200/ounce.... oh wait.
Above person is right. Higher price value will actually attract more money/investors.
That is also why most traders fail. They buy when price is way up and sell when price is down.

I'm not even going to argue about this. More people will buy into bitcoin at $1.000,- per coin than at $1,- per coin.
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