I don't think the same scenario will happen exactly for a second time. People are remembering that big bubble and will avoid another one. Also, the market is getting stronger and more people are involve in bitcoin than last year so we will probably not see a big collapse after a big rise on the pricing. I think bitcoin has get more maturity and is ready for something else.
People will remember, this ramp up will last a looooong time because the cautious will hold back and buy on dips. Eventually people will again mostly have available the idea that it only goes up, then it'll go up faster for a while and then down, probably to some low multiple of the last stable region. Of course a lot of people won't -remember- they'll just see the data and hear some stories which will weaken that effect some. |
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I think it is AS revolutionary AS internet because it needs it to be used!
20 years from now most people will assume they came together and consider them the same thing, bitcoin needing the net and being completely inevitable once it proliferated. |
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please god let it go back to $2
Lol, I don't even know why people say this. If it did crash straight to $2 they'd be freaking out about the end of bitcoin just like last time, probably for good reason this time and wouldn't buy anyway. |
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At about $10.40 we will break the USD $100M market cap. = O
That number is somewhat hypothetical since a wide majority of bitcoins were never sold in the first place. A better market cap figure would be something like 21M*(all btc ever sold)*(prices they were sold at)/(currently currently issued btc) Well, theoretically at least. So coins mined when they could be bought for .06 and saved (aka declined $1, declined $5, declined $30 and currently declining $10.60) are only valued by the holder at .06? No. Yes, and it's a fact. U mad? To clarify: Coins never exchanged for Currency are have no business being valued at the market price. That may be an inconvenient truth for some, it doesn't matter as long BTC are going in the direction of triple digits or something, it does however if they are not. Ok.. what about silver that hasn't been sold yet, what is it's value? We must be miscommunicating. You think an untraded coin is worth different than one just bought on Gox for $10? Would you refuse to pay a dollar for a never sold coin? You really value it at nothing? |
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Bitcoin is both the blood and the veins. Nice. Bitcoin: Freedom, just add brains. |
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Hi i am still kind of new with bitcoin talk however i would like to start getting into transactions but for some reason i cant because i dont have enough hours on here. can someone help me?
fastest way to play: go to instawallet.org copy the address they give you and paste it here I'll send you a bit you can send it somewhere (hint: look in my signature for ideas) |
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[reposting this because it is very relevant]
tl;dr -- it takes about a month or two to bootstrap to the point where you can and are willing to make a real investment
I also think that a lot of you old timers mis-estimate the time and effort it takes for a noobie to bootstrap. It goes something like this:
1. Read about it, overcome the negative stigma that comes with SR, gambling, etc.
2. Make a small investment using bitinstant
3. Learn a ton about the banking system, chargebacks, how FED creates $.
4. Ask all the noobie questions "why can't someone just [print more bitcoins, steal your wallet, turn off the network, make it illegal]". What's it backed by anyway? :-)
5. Read enough about it to stress about all the scammers hacked wallets and failed exchanges, etc.
6. Start the KYC process with an exchange that has about 5000 totally obscure and difficult to use ways to deposit money.
7. Tortuously move small chunks of fiat into the exchange
8. start buying
9. freak out about failed exchanges, possibility of USB stick failure, etc
10. start looking at paper/brain wallets
11. Get your head around the idea of actually holding your own money somewhere
12. Create isolated new install VM to make a paper wallet. You can't outsource this to some client-side web script (if you really want a secure wallet)!
13. TEST the paper wallet concept (requires an entire blockchain sync from scratch).
14. KYC finally comes through!
15. DAMMIT price has doubled :-)
This was my path anyway...
For HNWIs its got to happen with both them AND their advisor (who's gonna do all the work).
So people who might have gotten interested in bitcoin during the Euro financial uncertainty may just now be starting to move from a few hundred BTC trial investment to an actual acquisition strategy.
Lol, that does suck. My method: Read about bitcoin on /. Visit the forum Read the whitepaper Buy Buy Buy Buy Buy Run out of fiat Start earning coins Sell Sell |
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At about $10.40 we will break the USD $100M market cap. = O
That number is somewhat hypothetical since a wide majority of bitcoins were never sold in the first place. A better market cap figure would be something like 21M*(all btc ever sold)*(prices they were sold at)/(currently currently issued btc) Well, theoretically at least. So coins mined when they could be bought for .06 and saved (aka declined $1, declined $5, declined $30 and currently declining $10.60) are only valued by the holder at .06? No. |
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I agree it will usually increase volatility since it drives some players away and reduces the remaining players willingness to make offers. But even if that wasn't the case it would be awful. The purpose of a market is not stability it is to reflect changing values and conditions of the real world. You could get perfect stability at the last trade by charging one trillion dollars tax per trade or by threatening the death penalty, but so what? Stability is crap, we need the best reflection of reality so we can best plan how to achieve our goals.
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Selling @ 1,000,000,000,000 USD.
But only like .01BTC right? What would you do with more paper than that? Bleach it and start a publishing empire? You can never have enough toilet paper. I can't agree. http://www.youtube.com/watch?v=ekW5_--ipfw |
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If the church guy is not willing to deal with the car I think you should be open to selling it. If you don't have to be anywhere on a schedule then you can take buses to get out of the house and have fun. Depending on the nature of your disability maybe you should consider a bike. I know it's hot as hell there now, but in a few months it will be nice weather for that. You can also do the few things you need to once the hot part of the day is over.
I know you are mostly looking for a loan here and not my advice, but I don't think you are going to get it, at least not all of it, and you need to get creative.
If you really think you need a car you could look for something for about 2k and sell yours for 3k.
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I live in Tampa, FL USA
an electric bill of 350 is not a very hard thing to get down here in the summer
and also in a trailer that is a P.O.S
and the water company is also a Privately owned company and charges a crazy rate ( that is why there is a class action lawsuit against them by alot of people in the area )
Well the $500 ( everything included ) is possible since one of my church members has a place that they own it is not much just a one bedroom place that he has agreed to rent me for $500/month with everthing included
That's all reasonable I guess. Moving in to that trailer in the first place is unfortunate though. The church member won't count the car as collateral in place of the deposit? Hell, maybe you could give/sell him the car for the deposit and he could let you keep using it as long as you paid the rent. |
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Selling @ 1,000,000,000,000 USD.
But only like .01BTC right? What would you do with more paper than that? Bleach it and start a publishing empire? |
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I am still having problems logging in.
I know its my PC because it works on my partners laptop but I do not know how to fix my PC and it is frustrating me!
Anyone have any ideas or advice?
It just goes to the seals with clubs logo when I try to login to the lobby.
I have cleared the cache, history, settings etc. I have tried both firefox and i.e incase it was the browser, I have tried rebooting the pc, updating flash, making sure windows updates are done etc but it just will not work!
Any help greatly appreciated as this is driving me mad!
Did you try the suggestions in my last PM about the sound card and the flash plug-in? I'm not too hopeful about those, but they come from a guy who should know. The few other people who had the same or similar problem never figured it out, it just eventually corrected itself. You have done a full computer shut down right? It's a little bit extreme, but if you are a windows user you can pretty easily install ubuntu using wubi. Jusut go to ubuntu.com, it installs almost as simply as any windows program. I think that has a good chance of working and if it didn't it would at least be a good data point to have. |
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Because of the potential upside I am willing to horde my coins at the risk of losing the negligible amount of fiat I have invested in it. Moreover, I will never sell my coins for fiat. I will only ever use my coins to buy items. Due to the limited items available to me, I can only horde.
If you will -never- sell coins for fiat you've got way to much fiat sitting around. Get rid of some of it and if things go worse with your earnings and/or expenses than you currently project move some back into fiat. |
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Bitcoins were 6 US cents!
...and 30 US bucks
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Maybe a HappyHour every day could help the problem?
Do you mean a time where the bonus is paid? I think paying exactly when the funds are needed and charging when they are not is the best way and is what Piuk had in mind. I'm assuming he's tweaking or studying exactly how to do this and will bring that back when it is ready. |
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Bottom line: it hurts the credibility of Bitcoin markets, and I don't see anything good about it.
I don't see anything good about it either. But the bad that I see is that it would hurt people. It doesn't hurt bitcoin. If anything it shows people (quite dramatically, again) the difference between having bitcoins and having promises of bitcoins. |
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Hoarding = terrible Saving = awesome  I both horded and saved the BTC you paid me for myraidcoins.com  . Does that mean I'm terribly awesome? Correct. |
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i can pay $100usd - $150usd in cash or BTC worth $150usd and if it takes 6months - 1year to pay it off then so be it, i have just got to take a step up in my live because my son means everthing to me
Does your son play hockey? Ha, I remember. Different style by a lot imo. I don't know if either is for real. But I suspect this one is at least roughly honest. It's just a bad situation and I don't think going in debt is a great solution. @kingkatari, how can power possibly be 350/mo in a trailer? Are you in the artic? But seriously where are you? The water bill seems outrageous also, as does paying $650 for a trailer when there is a place that includes everything for $500. How is all inclusive for $500 even possible? And why does it have such a large deposit relative to the rent? |
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