A Bitcoin Credit Union would basically be a revision of a Bitcoin Exchange... Sort of like a local CoinBase office where you could deposit conventional currency or Bitcoin and merchants can choose what portions of sales are converted to fiat or maintained as BTC, etc...
Local businesses could choose to accept Bitcoin and deal directly with a local Credit Union who can work with Bitcoin or Government issued currency.
I think it would be easier to convince existing local Credit Unions to implement Bitcoin services.
CoinBase could also make for a nice Credit Union if they aspired to it.
I would love to be a part of something like this but I'm not in a financial position to bring any assets to the table.
Thats so wrong i just stop reading there . Also i never propose "bitcoin" credit union or bank. I propose a community based credit union just like every other credit unions. Its only for fiat currency thats managed by financial professionals not some bitcoiners nerd,. he's right, and by the way gog1 made the credit union suggestion that we are considering |
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A Bitcoin Credit Union would basically be a revision of a Bitcoin Exchange... Sort of like a local CoinBase office where you could deposit conventional currency or Bitcoin and merchants can choose what portions of sales are converted to fiat or maintained as BTC, etc...
Local businesses could choose to accept Bitcoin and deal directly with a local Credit Union who can work with Bitcoin or Government issued currency.
I think it would be easier to convince existing local Credit Unions to implement Bitcoin services.
CoinBase could also make for a nice Credit Union if they aspired to it.
I would love to be a part of something like this but I'm not in a financial position to bring any assets to the table.
great input every credit union is essentially community based, no one needs to be rich to get in or help out |
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You guys told me it was going to go to 1 BTC in value, WTF man!  hahahaha, but based on where btc is going, if some real infrastructure improvements are not implemented soon it will be worth 1btc right where the alt is now. |
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You must be kidding.... MY ADVICE IS SELL WHILE YOU CAN GET THIS PRICE !!!
What drove you to this conclusion?If you ask me I'd buy because the trend used to be above 700$ -this was visible when bitcoin crashed in December, quickly came back to prices between $700 and $800, and remained there for almost a month until the Gox fail. If there are no bad news like a large theft, hack, bug the price will slowly go up. Before a war starts both sides think they will win, once the death toll rises on both sides they are stuck by the true value of human life, and human resources. The most recent Mt Gox matter financially destroyed very many people, they were very big, they had the best (phony) rates, and they were the oldest in the industry. What happened to them could easily be repeated with any other exchange as it stands now, so the market that you remember is no longer the market that you are in, this is a redeveloping BTC market as I indicated above " ... this one has less ignorance, ... demanding more accountability" The media hype of yesterday no longer effects this new market in the same old fashioned way. Firstly, people who kept money on gox were either newbies who chose it recently or gamblers who thought "it stayed afloat for so long, I'll bet on it" and kept buying even when it was obvious they are dead. Think about that company who invested large money to buy Gox BTC in hope of profit. People were shouting for over a year "dont't keep money on gox, keep them in your wallets", that's why Gox isn't such a big thing, it's more of a PR problem. Secondly, don't forget gox lost about 2/3 of its money, so technically they could pay back some of their dues. Best case scenario they will be bailed out. Please address the part in blue |
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deliberate speed
$19 in 10 hours. And here I am bored out of my mind... dude, the 8 hours prior to the immediate past 2 hrs is a totally different story, just look at the past 2 hrs LOL. I would go insane watching the market like that. well the rally is over now; but let me put it another way if you went to a casino, pulled the slot handle and the coins started to pay out at what point would you leave? the conventional wisdom is when it stops paying, if you chose to leave while it is still paying out that's your option. |
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For the past 2 hrs btc has climbed steadily, I can't believe, its moving with deliberate speed and direction
are you seeing this?
Its up 0.72% in 3 hours. lol. There is no speed or direction here. but both speed and direction are relative, so if the previous speed was .20% then jumped by 200% to .60% that is fast clearly the direction was almost straight up, very little going in the opposite direction outside of monday's early morning super spike, I doubt if you any other 2 hr performance period since enjoyed as fast a gain as we just experienced in the two hours prior to this thread origination. |
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hahaha the market is actually showing a little pep in the price, it have moved much faster in the past hour than over the past three days, if this keeps up it just might hit $1000
but the likelihood of this growth rate being sustained is near zero, but I like the last ditch effort ...
Thats nonsense. The volume is still poor right now and nowhere near where it was hours ago, let alone days ago. it doesn't matter what the volume is, all there needs for a price to increase is more demand for less supply, that's the case for 1M btc as well as 2 btc. to me it does look like that 2 or 3 guys believe coins are cheap and bidding on top of each other, destroying their entry price. This is all in the 100-300 size area, nothing major and will not change the current trend.
again, I agree |
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For the past 2 hrs btc has climbed steadily, I can't believe, its moving with deliberate speed and direction
are you seeing this?
yeah yeah...sure. Go on, jump in now at $670, watch it grind around there for the next 6 hours before retracing back down to $650 at which point you will leave your position. Wash rinse repeat, until a genuine market move kicks in instead of this harvesting of small change being conducted most likely by the exchanges who have all the stats on where and how long ago people took certain positions an so know the right way (for them) to roll the price around. I am so bored, I am taking all my funds off all the exchanges where I have funds. I could make more trading FTSE, DAX etc. At least there you can dig out some volatility to play with. At first, I too thought $670 was the top, but that was based on performance over the past 24 hrs, but these last 2 hrs show a totally different story, someone in another thread said the wall was at $685, that might be more accurate, but I'll go out on that lib and say $695 |
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deliberate speed
$19 in 10 hours. And here I am bored out of my mind... dude, the 8 hours prior to the immediate past 2 hrs is a totally different story, just look at the past 2 hrs |
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For the past 2 hrs btc has climbed steadily, I can't believe, its moving with deliberate speed and direction
are you seeing this?
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Come on $700, come to daddy ...  |
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hahaha the market is actually showing a little pep in the price, it have moved much faster in the past hour than over the past three days, if this keeps up it just might hit $1000
but the likelihood of this growth rate being sustained is near zero, but I like the last ditch effort ...
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You must be kidding.... MY ADVICE IS SELL WHILE YOU CAN GET THIS PRICE !!!
What drove you to this conclusion? If you ask me I'd buy because the trend used to be above 700$ -this was visible when bitcoin crashed in December, quickly came back to prices between $700 and $800, and remained there for almost a month until the Gox fail. If there are no bad news like a large theft, hack, bug the price will slowly go up. Oh very easy. MTGox bancrupt, Flexcoin robbed, Poloniex hacked and robbed. Not all news are good news. While the closing of SR was positive publicity, as a lot of people heard how rich you can become with bitcoin. The latest news has the opposite tone. You lose money if you invest in bitcoin. Exchanges have proven to be insecure, unfortunately they are the Gateway to buy and sell coins. New joiners to the scheme will dry up and existing cash is withdrawn. coming to trends. The downtrend is very obvious. It will require a lot of coins to push through the current line at roughly at 690. If I had coins I would sell them, due to the limited upside and high downside. If I had no coins I would short them.... well said |
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It's go to slowly to zero
hope not, but if it does it will have a new beginning, and a long enough history to learn from I do not mean it to zero, but certainly at some 50-60 usd to 100 usd max By the end of 2014 we will definetly be under 100$. Maybe even in the next 3 months. WeŽll see. Sure if we do nothing to improve the problem, however if the community solves the problem it will shoot up to $1000 the very same week the solution is found. For clarity the problem is the missing money, and the solution is: 1) finding and returning the missing money to their rightful owners, and if that is not possible or doesn't happen 2) exchanges upgrading security, having actual insurance, providing guarantees, being bonded, being community certified, having audited funds, signing specific transactions to proved solvency, becoming more transparent, more accommodating, more accountable, more reliable, etc ... enough to actually make up for any fault in the btc protocol. if neither 1 nor 2 take place then I believe you have a valid point. |
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I think when he got hacked he was pissed that there was 'nothing he could do' so he devised a plan to hack himself thinking everyone would adopt the same 'nothing we could do' attitude, however little did he know that if 'nothing could be done' then the whole btc system is no good. The coins must be found for the people who own them, but most of all for the people who want to see a btc future. |
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We should create a bitcoin credit union.
indeed, and that is far easier to start, maintain, and community control. Govt regs are not as onerous. if you can do the web development I could organize the mgmt, marketing, and compliance. I lease and manage servers in 3 US datacenters on Peer1's backbone - and can get more at a rate for the platform -- Also develop in ASP/ASP.NET if that helps - willing to contribute where I can... great, I'll send a message to gog1 to get an idea of his actual interest, then we could send up a post seeking working partners and ideas for the credit union. |
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Anyone else noticing massive buy walls at 650 and sell walls at 685?
at either of those walls I'm in, I'd buy at $650 or $651, 2, 3, 4, 5 or sell at $685, 4, 3, 2, 1, but my walls are much closer together. |
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It's go to slowly to zero
hope not, but if it does it will have a new beginning, and a long enough history to learn from |
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Most of all altcoins older than a month are dropping. it's because people hopping from one new altcoin ipo to another by selling older altcoins just to make some little ( sometimes more than a little ) profits with the new ones.
This is why coins need to be designed for the end user, not the fucking miners. +1 |
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so the court has approved civil rehabilitation? or what? also who will be running gox, this is so fucked up to not get answers remember how gox froze outgoing btc, then outgoing btc and fiat, well the court just froze more of mt gox, leaving him with just enough to live on (at his current standard of living) and mount his defense so to answer your question directly ... Mt Gox is no longer "running", it is now frozen. |
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