I GOT SOME MONEY !!! THANKS!!!!
THEY ARE NOT SCAM ARTISTS! I KNEW IT!!!
I still haven't got a response from my emails or money. I don't even want USD, I want the exact amount of BTC I paid for and I'm not happy about the fact that they lost me time. |
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Deposited $480.05 yesterday, no coins received. I had deposited the day prior, and received the coins instantly.
OrderID: bc9233ec-0670-42e8-8018-0f7b288a2df8
EventID: 15e05d38-1406-441e-b030-7f8ee0cb7600
I emailed support almost 24 hours ago, and still no response.
Do you have an order ID #? Please provide more details about your order such as the options you used and what went wrong. Thanks! Isn't the order id number in the above quote? What went wrong is that I never received the bitcoins. I used identical options to my previous successful transfer. (Moneygram) I see no evidence of any transfer using the blockchain.info search (as was suggested by the bitinstant confirmation email) I am not sure what other information you need to find my transaction. I feel very uncomfortable copy-pasting the contents of the confirmation email in a public forum. Please PM me for any specifics you need. My apologies. I overlooked your order ID #. Where was the cash supposed to go from Moneygram? Directly to my wallet. The destination account hash is viewable using the bitinstant order status. However, blockchain.info shows no record of a transaction to this address. Thanks for all the extra info. Your ticket has been opened and I will contact you as soon as I have anymore info.  -BitInstant Support It has now been 48 hours since my deposit, and I do not have the bitcoins, nor any information other than the initial confirmation email. I have received no emails from your support team, nor any update other than your indication that a ticket has been opened. I would appreciate some information as to what has happened. Same situation I'm in exactly. If Bitinstant doesn't get their acts together, they are going to have a lot of pissed off customers. Remember it's a lot of money we are talking about here not just $5. |
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Paid money in CVS for bitinstant to transfer money to mtgox. Email says money has been sent but I don't see anything in my mtgox account. Can you offer some assistance?
OrderID: 950a41ce-9114-494f-8732-bdcdf3526391
EventID: 13df1248-cf4a-4b0f-b5e0-35d6f4d28084
I'm having the exact same issue with Bitinstant only in my case it was Zipzap. I'm not paying them another cent until I get an explanation and either my Bitcoins or a refund. Right now I assume it's a bug because apparently you're having the exact same issue I have. Only I'm not with MtGox. |
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Is it encrypted by default?
How do you import a new wallet?
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I think a lot of people still want to buy. When the price moves as quickly as it has, you hear more and more that a correction is just around the corner. Historically that's a pretty good assessment, so the buying slows. With bitcoin, however, most of the slowing (IMO) is people waiting for that correction so they can buy a little lower. We keep having these temporary plateaus where price stays relatively stable for a few days, despite everything going on around bitcoin. More often than not, someone says "fuck it" and buys, then all those people who were waiting for that dip start to panic buy and you get a price explosion up to the next plateau.
This seems to be the pattern over the last several weeks, and I think the mentality is mostly the same still. I'm not sure if this is sustainable or not, it's just what I've been witnessing.
In my case I ran out of money. The more it slows down the better! |
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I'm new to mining. I have a Nvidia Gforce 9400 GT. Is it worth it to try mining or should I just wait until I can afford to buy a new specialized setup?
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HI! Well, I have some people put together, non of us are bankers, we do not come from or work with anyone from Wall Street Or London, and have figured out a basic framework for putting together a Full Decentralized Bank Structure, where you can preserve BitCoin value in Any Global Currency or Keep Them in BitCoins, and you can Earn INTEREST! If This Is something you'd like us to keep work on please VOTE IN THE POLL! I'm new here, so I hope this will be an ok post to introduce myself, with a poll that. I'd like to see what everyone thinks! A test bank will be started soon! It is already running (VERY PRIVATELY) - to get some of the details worked out! If you vote it will let us know when we should roll out publicly and GO HARD AGAINST THE CORPORATIST Commercial and Retail Central and Federal Banking System! Taking the money out of the Economy, letting you decide how and where to spend it, and Resetting how Banking and Finance are run! The Dollar is Dead, the Euro is Dying, and the GBP is about to IMPLODE! BitCoin provides a massive amount of solutions! We have been consulting with clients for the past 15 years on Alternative Investment and Saving Strategies to keep them afloat! We despise the current banking system, We loathe the Greedy Mortgage Rip Off Schemes! WE want to make things better - and Give Wall Street a Fight that they Can't Ignore! If we only take 3% of the Deposits out to the Global Centralized Banking System, and used the BitCoin - in 18 Months we`d have a entirely new planet - and Wall Street will lay in ruins! HELP THE PROJECT! DONATE TODAY! If we can get just $10'000.00 together we can LAUNCH PUBLICLY! Globally! So anyone, anywhere, can bank, anonymously or not! MONEY WITH NO LIMITS OR BOUNDARIES! Taking Back Control - And saying NO To Financial Slavery! Will you stand with us? PLEASE HELP US WIN OUR FREEDOM BACK! Send Donations To Bitcoin Address: 13cLbzJwSzSFGLDguTtk5xvYUBasmqVAie
Thank you! PS: BGMCO is helping us FOR FREE to set up this project! They have been awesome - Please visit their website at ( www.bgmco.info) (Send Email to: BBProject@bgmco.info) Nah, not gonna give you donations. I want shares and dividends. We are always open to offers. Please present Blind Buy In Proposals for review and consideration to: bbproject@bgmco.info or to info@bgmco.info . Successful prospective investors will be contacted for further discussion. Thank you for your interest! I will help you out. What you want to do is put your company up on the cryptostocks website. They list various companies just like yours including a bank similar to yours. https://cryptostocks.com/List your company up there, slowly over time provide enough details to earn our faith and maybe I'll invest a Bitcoin. Donations though? That makes people think it's a scam if you're a commercial business and privately run but you want donations instead of investments. If our community supports you then we should own shares and we should have influence. |
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HI! Well, I have some people put together, non of us are bankers, we do not come from or work with anyone from Wall Street Or London, and have figured out a basic framework for putting together a Full Decentralized Bank Structure, where you can preserve BitCoin value in Any Global Currency or Keep Them in BitCoins, and you can Earn INTEREST! If This Is something you'd like us to keep work on please VOTE IN THE POLL! I'm new here, so I hope this will be an ok post to introduce myself, with a poll that. I'd like to see what everyone thinks! A test bank will be started soon! It is already running (VERY PRIVATELY) - to get some of the details worked out! If you vote it will let us know when we should roll out publicly and GO HARD AGAINST THE CORPORATIST Commercial and Retail Central and Federal Banking System! Taking the money out of the Economy, letting you decide how and where to spend it, and Resetting how Banking and Finance are run! The Dollar is Dead, the Euro is Dying, and the GBP is about to IMPLODE! BitCoin provides a massive amount of solutions! We have been consulting with clients for the past 15 years on Alternative Investment and Saving Strategies to keep them afloat! We despise the current banking system, We loathe the Greedy Mortgage Rip Off Schemes! WE want to make things better - and Give Wall Street a Fight that they Can't Ignore! If we only take 3% of the Deposits out to the Global Centralized Banking System, and used the BitCoin - in 18 Months we`d have a entirely new planet - and Wall Street will lay in ruins! HELP THE PROJECT! DONATE TODAY! If we can get just $10'000.00 together we can LAUNCH PUBLICLY! Globally! So anyone, anywhere, can bank, anonymously or not! MONEY WITH NO LIMITS OR BOUNDARIES! Taking Back Control - And saying NO To Financial Slavery! Will you stand with us? PLEASE HELP US WIN OUR FREEDOM BACK! Send Donations To Bitcoin Address: 13cLbzJwSzSFGLDguTtk5xvYUBasmqVAie
Thank you! PS: BGMCO is helping us FOR FREE to set up this project! They have been awesome - Please visit their website at ( www.bgmco.info) (Send Email to: BBProject@bgmco.info) Nah, not gonna give you donations. I want shares and dividends. |
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If a BTC is $100K almost nobody will be trading in Bitcoins. A ton of gold is ~$46M. Obviously nobody buys gold because you can't buy a ton for less than $46M. Oh wait they do buy gold just in smaller chunks like an ounce or a gram.
If BTC is worth $100K USD then a mBTC is worth $100 and a uBTC is worth $0.10. What a deal you can get a "whole" microBTC for just $0.10. You should buy some now maybe someday they will be worth more than a buck.
Which site is selling MicroBTC? |
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The little pieces of each bitcoin are referred to as "satoshis". There are 100 million satoshis per bitcoin, so up to about 2.1 quadrillion satoshis can exist. When people talk about "buying a bitcoin", they're just using that as shorthand for "buying 100 million satoshis". People don't usually actually trade whole numbers of bitcoins. For example, today I sent 1.12952196 BTC (or 112,952,196 satoshis) from my MtGox account to my Electrum wallet. Other shorthand labels that people use include: - Bitcent - 0.01 BTC, or 1 million satoshis
- Millibitcoin (mBTC) - 0.001 BTC, or 100 thousand satoshis
- Microbitcoin (uBTC) - 0.000001 BTC, or 100 satoshis
In general, people will use whichever labels they find convenient. My concern is what happens to all the people who failed to get into the Bitcoin buying in time? If I want to use my Bitcoin to give a person a job when they live in the USA and the Bitcoin is now worth $100,000 USD then that would be a years salary? It's hard to even fathom. |
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The math says there are 21 million Bitcoins that can ever exist. But Bitcoin is divisible into 100 million pieces, so actually there is 100 million Bitcoins?
I'm not a genius with fractions so can someone help me out and tell me what people will be trading in 10 years if not whole coins anymore?
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It is difficult to get at any reliable data, but when you guess how much of the media coverage is based on increasing bitcoin use and how much merely on increasing bitcoin price, the picture is not encouraging.
Take the Cyprus myth, for example. It implies that the Cypriots are buying bitcoin. Even a bitcoin ATM was reported to already be there or, in other messages, going to be there very soon.
Nothing of this is true. The Cypriots could not get at their money, so they could not buy bitcoins. Even if they could, they would not buy bitcoins; they would buy gold. No bitcoin ATM will be there any time soon.
Spaniards are allegedly buying bitcoins. This was said because some kid wrote in his blog that he saw more bitcoin-related apps being downloaded on iPhones in Spain. There was and is no evidence that the Spaniards actually bought significant amounts in bitcoin. It is all only the wildest speculation.
Namecheap.com, wordpress.com, Reddit now accept bitcoins, but the latter two only for some add-on service. But who is going to pay with bitcoins there? Very few. I did pay one bitcoin to namecheap.com just for fun, because I'm one of their customers. But it needlessly complicates my bookkeeping, so I will perhaps not do it again. The estimate is that very few bitcoins are actually moved into any of these services.
Some time over a year ago the actually running bitcoin services, mainly Silk Road and some others, were running fine with a bitcoin value of $3. If their transactions doubled or tripled, they would justify $6 or $9 per bitcoin. If you add some more optimism, you may even get into double digits. But I find it very hard to justify a bitcoin price above $20 at this time. And the current bubble will damage bitcoin's reputation once more. Take your pick.
The sad truth is that the media report on bitcoin because its price rises. People read this and buy bitcoin because its price rises, so it rises more. Then the media report more, and more people buy bitcoins because they want to get rich quick. This is how bubbles are made.
Yesterday the buying frenzy got absolutely crazy with the bitcoin price rising 20% in three hours. People bought bitcoins for up to $148 each. How insane is that? Did real-world bitcoin use suddenly rise by 20% in those few hours? And still many bitcoin holders have not sold. It seems to me that an incredibly large fraction of the bitcoin-holding community is hare-brained.
The up-side is that a hare-brained speculator soon loses his capital. The market automatically rids itself of stupidity. The problem arose only because new, completely inexperienced "speculators" streamed into the bitcoin market. Many of them are now, or will be soon, out of it again, but I expect the next, similar bubble again in two or three years. Too bad that it is impossible to predict at which price a bubble will burst.
The reason there isn't increased use is because people don't get paid in Bitcoins so how exactly are we supposed to get the Bitcoins to use them if we don't buy them first? Then after we buy them we are broke for a bit so we aren't gonna rush to spend them when it costs thousands to buy them. However the way it works is you buy as many as you can afford, you save for as long as you can, and then when 1 coin is worth about a years salary then you can slowly spend your coins down. But no one is going to spend Bitcoins unless they earn Bitcoins. So what you should be asking is when can I get a job and be paid in Bitcoins? |
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Before Fiat currency, money was based on Gold. I believe that change happened in 1973 and dollars didn't rise at this rate before then. Gold is a limited resource like BTC. Why is BTC expected to rise soon to $1000 or $10000 when limit currencies have not behaved that way in the past? A good article I found today on why these speculation based rises actually will more likely hurt Bitcoin as viable currency than help. Bitcoin is going from currency to commodity it seems at the moment. I'll be happier if it goes back to being more of a currency again. http://blogs.reuters.com/felix-salmon/2013/04/03/why-bitcoins-rise-is-nothing-to-celebrate/I so totally agree with you here. Places like bitcoinstore scratch the surface of what the economy really needs. How can BTC flourish as a currency when it is currently not being used as such? All speculative projects aside, what do we REALLY have to spend BTC on? When I say we, I refer to the public, not us coin-nerds. I'm talking about important services and everyday tangible goods. These are what we lack at-the-moment. The general public is not spending money on VPN subscriptions and Bitcoin t-shirts. When 1 Bitcoin is worth enough that it's a years salary $100,000, then it will make sense to spend Bitcoins if you have hundreds. When you work you'll earn a fraction of a Bitcoin, and when you spend you'll spend a fraction. Right now it's not being spent because it's still not in the range where spending Bitcoins makes a lot of sense because getting them is going to become a lot harder in the very near future. So think of each coin as worth $100,000 in 5 years time. If you have 100 coins then you'll have enough for 100 years of $100,000 income minus whatever taxes of course. If you sell one coin every year you're set for life. |
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Why indeed states the uninformed newbie?
I know an individual can. I'm asking if a group can buy half a Bitcoin and split if 4 ways and if so how would we do it? |
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Its possible to buy even 0.01 BTC (1$)
Yes but lets say me and a group of people would like to buy 1 Bitcoin. How would we as a group do this and have it evenly divided among us in an automated fashion? |
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It is hard to make an educated guess.
I think the price will be closely linked to its real-life-real-objects usage. Can you buy milk with Bitcoins in two years? If yes: Very valuable If no: Not so much.
(Substitute Milk with any other product)
The Bitcoin ATM will be here this year. Bitcoin will overtake Paypal within 2 years time. You'll be able to buy Milk from Peapod via Bitcoin within 2 years. So yeah, it's going to happen but how long it takes is the only question. Everything is in place for Bitcoin to eclipse Paypal and Paypal sucks politically for their economic censorship. |
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This is really simple but I want the newbie perspective on this even though I lurk in the speculator section I consider myself new because I barely have 4-5 Bitcoins. The question is, how many much will those 4-5 Bitcoins be worth in a couple years?
Do you seriously believe that we can make a living doing this?
Make a living doing *what*? Trading virtual currency? Only if you are very lucky. Mining virtual currency? Only if you have a shit ton of money to spend on a mining rig. Why would you need luck? I don't see what luck has to do with it. Buy a lot of coins, save them. |
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I see $300 end 2013 provided continuing turmoil in eurozone .If the euro cripples down, then $900 is a fair price..
My turn. I predict it will be over $1000 by the end of the year and most likely reach it during the end of summer early fall. I predict next year it will probably reach $10,000. |
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Not happy with Bit Instant. I ordered and never received anything even though they confirmed that I sent them money. They have some bugs to fix. Fortunately Bitcoins are still somewhat cheap, but when they cost $1000+ per coin people are not going to have as much tolerance.
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I would be buying Bitcoins right now if it were easier to buy in portions by groups of people. I think that is the direction we should be going. We should pool out money to buy Bitcoins together and then use an algorithm and software to evenly distribute our portions. This way when Bitcoins reach in the $2000 range per coin we can still spend $50 or so to buy a portion of it.
If you agree with me respond and let's discuss how we can develop this and if it exists already, how can I join the Bitcoin buying pool?
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