Its coming.......
What's coming??? hahaha only one thing will save you from the boom thats about to go off! BUY SOME F'ing BITCOIN! ALREADY DID, NOW I'm HODLING. (But everything looks too perfect - support, charts, trends. I'm seriously worried because of that.  ) Don't forget that TA is being manipulated. Everything is made to look bullish to build up the bids. I'm thinking "someone" is bringing the price up with huge support, only to later remove support and dump before the 31st of Jan China deadline. They would then get way more per coin than if they would have dumped with masses when the news was first released. How high we will go, I do not know, but I would not buy coin now to save my life. We have never been to a price without coming back down to at least 50% of it. I do not see us reaching ATH before we see ~550 again. Someone just unloaded 200 on Mtgox. Let's see what happens. Edit: 350 now... |
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Its coming.......
What's coming??? hahaha only one thing will save you from the boom thats about to go off! BUY SOME F'ing BITCOIN! ALREADY DID, NOW I'm HODLING. (But everything looks too perfect - support, charts, trends. I'm seriously worried because of that. ) |
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So, people saying we're gonna get that one last chance to buy low. I hope so, I also have my bids, but everyday it looks less and less likely. I suppose one of us could trigger it by thinking "screw it, I'm gonna go all in." It's not gonna be me though...
Yeah, we are going to have ONE LAST LOW. And its coming over the next 48-60 hours with the weekend dip. And then on January 6th it will be higher than it is today. So you better buy the dip that's coming - which will probably be around $720 on Stamp. I hope you're right too. But unless all that Mtgox support is fake, I don't see it happening. I panic bought some at $850 and will probably be holding unless there's terrible news or someone market orders for 5000. |
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There used to be a way to make sure the funds came from a bank account rather than credit card. I'm not sure if those methods are still around. It's been a long time.
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Anyone know the answer to this for Mtgox and other exchanges? I assume they round down. So my question is how do they round on your orders? What decimal place? There must be some optimal way to place orders to prevent loss when rounding based on fees.  |
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Anyone who wasnt buying over new years instead of partying will never have the motivation to make it in bitcoin nor much anything in life.... unless your already a millionaire then you kool
I wasn't buying over new years.... I was selling. And I'm not a millionaire.  |
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Is there such a thing as a butthurt bull in a bull market? I think I am one of those. I am long term bullish. I know that Bitcoin will go up, way up. I know that I need more BTC. I have fiat ready. Yet, I still can't buy back in now, after that sell a couple of weeks ago, when 580 looked like the top of a dead cat bounce... GAAAAAAAA........ You went full fiat? Yes, full fiat with my trading allotment. The sad thing, I thought I was being clever, having placed a number of limit orders, selling gradually on the way up, and it did look like 580 was going to be a top, but then everything went horribly wrong. Ouch, i feel sorry for you, you don't sound like a bear. Never go full fiat.. always keep at least 75% in cold storage.Even I feel fucked while 20/80 fiat/btc now. I'm doing terrible this year and of course we just started. Did not see that 1500 order coming. Oh well time to HODL on to what I have left. *sigh* |
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I had to do a chargeback for a Thai ferry company who said I hadn't paid them for my tickets when the transaction actually had gone through. We still needed to use the ferry so I ended up paying with cash closer to the date in a brick and mortar office. After trying to contact them several times when I got back with no success I asked my credit card company to do the chargeback. Overall it was a massive waste of my time (and probably the CC company's), and the ferry company ended up with a black mark against it, presumably because of bad back office software or bad accounting. (The ferry company is generally reputable and the actual trips went fine). I think if I had paid with Bitcoin escrow for this service it would have been much simpler. They would have been forced to issue the e-ticket before receiving any funds. If they hadn't issued the e-ticket and I'd ended up paying in cash, I would have wasted a little bit of time on my end... and that's it. One thing that might help in this kind of situation where a merchant with high transaction throughput uses Escrow would be to perhaps show their Escrow "success rate", a bit like a consumer credit rating. But I'm not sure about the implications of this. There's a huge market here.  That's the problem right there. As a buyer, I'd pay with credit card unless there was a BTC discount. As a seller online, I usually don't take credit cards for intangibles because there is so much fraud revolving around it. |
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happy new yr y'all heh..just looked at the clock....2min past midnight here CST...heh FML was on bitcointalk here...sigh then again at work so it is probably a wash.... happy new year to you it all and may bitcoin rise at the same rate it did from jan 2013 (what was it $13usd? to the 825 on www.mtgox.com it is jan 2014) anyone with math figure out what it would be at same rate by jan 2015..i want to know so I can have a mini btc woodie..... anyway may bitcoin thrive even more in 2014 (it better have my a*ss hanging out there in equip and btc like the rest of you foo....er I mean enlightened types) Searing 80x? We'd have to hit $64,000! Very unlikely.  |
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If Mtgox doesn't come back before 11:59PM, I'm going to claim 100% capital loss on my tax return. |
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Mtgox 24 Hour High $817 - Come on Choo choo!
100 Support @ $812
137 Support @ $809
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Mtgox 24 Hour High $816 - Everyone join in the "rally" 135 support @ $810!!! |
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Mtgox 24 Hour High $815 - Someone just bought 200!!! Come on Choo choo!
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Mtgox 24 Hour High $814 - Congrats! |
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He was pretty dumb, so wouldn't put it past him
Ross Ulbricht is a clever dude, by any rational standard. I conclude that you are not rational. Sorry, but Aristotelian logic alone compels me. You'd figure he have it setup so if he doesn't input a certain code every 24 hours, the BTC automatically transfers to another BTC address. Every single movie villain has a bomb that blows up without code or connected to heart beat monitor. Didn't wikileaks owner have the same kind of fail-safe plan. |
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NEW 24 HOUR HIGH ON MTGOX!  (but only because it's been 24 hours since we reached the last high, but who knows what the rest of the day has in store.) |
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How I rue the warm autumn day in 2009 when my mom emailed me a note on bitcoin from some obscure "New Age" website and I was too arrogant to even read it.
lol! Your mum got in before you! That's rich! It's quite sad actually. She wanted to get $100 worth. IIRC MtGox wasn't even around at that time, but I think there was some other way to buy some. I had it in my head that it was just some stupid video game money so I didn't put forth than 20 min of effort it would have taken to help her. Oh. Bad luck. Does she have a keen understanding of such things or was it just on a whim for her? Guess you owe her a few coins. A few? More like a 1000! I bet Peter's mom gives him crap about it for as long as he lives. haha |
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Happy New Year from down under...
Without intending to, I ended up acting as a bit of a Bitcoin advocate tonight while out with friends at a New Years Eve party. I tried to enlighten them (inadvertently came up with a different analogy each time) as to what Bitcoin really was, but in the end the main 'argument' they had against it was "If I can't touch it, it's not real - I don't trust the internet with it". Which is ironic since that is basically what they're doing with their bank accounts.
One guy was a Financial Advisor (capital 'F', capital 'A' - his distinction, not mine) who said he was happy to "argue against Bitcoin all night". I (successfully, I think) countered every roadblock he threw up about Bitcoin and ended up betting him that one Bitcoin would be worth more than $50,000USD in 3 years (perhaps a little bullish, although can you blame me?)*. I confess, I may have been a little inebriated by this point, but I am getting a little fed up with the ramblings of people who have not taken a few minutes out of their day to research what Bitcoin actually is (i.e. a protocol as well as a currency), but instead act as if they're experts who foresee the demise of this 'imaginary money'.
Does anyone else get a little fed up with this sort of attitude?
(Apologies if this post does not belong in this thread... It's just that this is the main thread I read (every morning without fail, I trawl through the 8 or so pages that have been posted overnight... > 8 pages = something big has happened, < 8 pages = price has remained stagnant.) Although, it seems 'stagnant' in Bitcoin vernacular is akin to 'short-term' or 'temporary' in normal trading terms.)
*Bought at $1060 and have been 'hodling' ever since.
Hi JulieFig, my counter-attack against such people is to appeal to the logically desire to maximize wealth. You ask them this: You meet a generous billionaire who loves to gamble just for the lulz. He offers you a bet: he says he's going to toss a coin (a provably fair coin) and you get to call it in the air. If you lose, you lose your bet, but if you win, you win 20 X what you bet. You only get one shot at this. How much would you bet?Even if you detest the concept of bitcoin and assign it a small probablity of success, it is logical to at least make a small bet in case it succeeds. Why not risk $100 in case it goes to $500,000 per bitcoin? *To do this, you must be able to convince them that should bitcoin *one day* become a dominant global currency, it must have a market cap measured in hundreds of billion or trillions of dollars. This is fact, but still some people can't understand that if more people buy something of limited supply that the price must rise. Well to those people, BTC still sounds like every other get-rich-quick money making scam out there and "if it sounds too good to be true, it probably is." These people are quickly identified and I don't waste my time. Even those who want to throw money at BTC because of how much it's risen, I tell them you have to understand BTC before buying into it. (I don't want to deal with anyone who gets pissed at me because the price starts crashing after they buy in.) One of my colleagues wants to buy and I explained you have to understand what BTC is. She's like Why? I'm only spending $10. Well, can't argue with that I guess. |
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Historically The $30 drop in 2011 up to reaching $30 in 2013 was the longest it took to reach the same price. Holding for 1 year should put you in good position. Someone correct me if I'm wrong. The historical probability of being up after holding for 365 days is 90%. The average 365 day return is 2370%. Thank you for those lovely statistics. |
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