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Can Paypal, Amazon and Ebay integrate with bitcoin already? Will 2014 be the year?
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Somebody bought to many bitcoins, eh?
Not enough  I don't think the current ATH will be the ATH at the end of 2014.
Can someone please tell me what ATH stands for? And while you're at it who do you call "whales", people holding large amounts of BTC? |
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It is also programmable so you can create wills and contracts without a bank or a lawyer. Any sized company, even mom and pop shop and can offer an IPO using bitcoins.
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1. If I sell my BTCs on Coinbase how long will it take for the money to get back into my bank acct? Will I get the value of $/BTC at the exact time that I sell? Or can I expect any delays or transactions not going through. I'm not planning on selling but I want to be prepared. I hear a lot of complaints about the transaction delays and cancelations in the BTC exchanges which worries me.
2. Does Coinbase allow you to set automatic Buy/Sell orders for when BTC hits a certain price? If not, where can I do this?
Please respond and you will have my blessing. Thanks
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Prediction: In 2014 or 2015... Satoshi cashes out all of his bitcoins, making him the world's first trillionaire driving the price of BTCs back to single digits
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Easily within 10 years.
The real question is, will it hit $10,000?
Or even $100,000?
My guess is yes and yes, but not for another 30-50 years.
10 years off there buddy but not bad! Does that mean it will hit $100k in 3-5 years?  |
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Who's the counter-party? That is, who has to pay up when they lose? And how do you make them?
Derivatives are only possible with a system that compels payment of debts.
Hi Nagle, Predictious is an exchange, we match buyers and sellers and we act as central counterparty. We require full deposit to cover potential losses when you buy a share. Let us know if you have more questions. Can you explain how this works? It says Sell at 3.00 and Buy at 5.95.. so if I think BTC will be over $1400 by Jan2014 I would Buy for $5.95... and if I guess right I would get back $10 for every buy. Is that how this works? And do I have to trade in bitcoins or can I use dollar? |
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So many fucking bulls in this thread lol... but I do hope you guys are right
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Both the Max Kaiser and the Winkelvoss twins gave BTC much needed publicity a few months ago and Bitcoiners should not forget that in all of a sudden. Those who had invested in the Winklevoss BTC ETF are currently sitting at 600% net gain, despite yesterday's crash. So no hard feelings towards them.
How can you invest in the Winklevoss EFT right now? It's not public yet right. On another note, one of my biggest concerns is that someone like Winkelvoss or Max holding a shit ton of BTCs will sell them all and cause the overall price to plummet. But I think there's still a long way to go before they would consider doing that. Why would you invest your savings and then sell everything right when it drops? If investing were as easy as putting money in and watching it increase then everyone would be doing it, you should of done more research before you invested your life savings into such an unstable currency.
What do you mean sell everything right when it drops? I haven't sold anything yet, I am expecting it to reach a certain level before I sell |
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I put in all my savings a few weeks ago when BTC was $680...
I really hope you're a troll. If not then I don't feel bad for you for being dumb and greedy. Why am I dumb and greedy? It is my savings but on another hand i don't really have any debts so it's money that I can afford to risk. It would either sit in my bank account or have a chance of doubling or tripling in the BTC market. I don't have any kids, I'm making my own money and I'm single.. I figured this is the best and only time I can take risks like this. I mean, you don't make big money by playing it safe. I want a chance at making big money. I know this sounds greedy and as if I think Bitcoins are a "get rich quick" scheme, but I'm really understanding the value and benefits it will provide, and I think 2014 will be a good year for bitcoins. I still think it is at a very early stage and undervalued right now. The greedy test will come into play when the price goes up a lot, and I keep holding hoping it will go up even more... I need to figure out exactly when I should back out and keep my profits, and then invest again with a much lower risk to my overall net worth. Does that sound stupid to you? If so, we're just different kinds of people. You can just take some off the table and diversify into stocks or something. Rare earths or 3d printing are some interesting alternatives. I still have money in the stock market from 2009... which has been reduced in half since then. They were all bad decisions on my part and I'm not a fan of the stock market. If I lost half of my money for a potential 10x return I wouldnt care as much, but that kind of reward is rarely seen with stocks in the short term so I feel like the risk was not worth it at all. |
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I put in all my savings a few weeks ago when BTC was $680...
I really hope you're a troll. If not then I don't feel bad for you for being dumb and greedy. Why am I dumb and greedy? It is my savings but on another hand i don't really have any debts so it's money that I can afford to risk. It would either sit in my bank account or have a chance of doubling or tripling in the BTC market. I don't have any kids, I'm making my own money and I'm single.. I figured this is the best and only time I can take risks like this. I mean, you don't make big money by playing it safe. I want a chance at making big money. I know this sounds greedy and as if I think Bitcoins are a "get rich quick" scheme, but I'm really understanding the value and benefits it will provide, and I think 2014 will be a good year for bitcoins. I still think it is at a very early stage and undervalued right now. The greedy test will come into play when the price goes up a lot, and I keep holding hoping it will go up even more... I need to figure out exactly when I should back out and keep my profits, and then invest again with a much lower risk to my overall net worth. Does that sound stupid to you? If so, we're just different kinds of people. |
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This is my own money, I bought them after the first day of the senate hearings (it was around $680/btc then) |
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I don't get a penny from my parents, I live on my own barely making rent. I don't even have a bed in my room, I sleep on a blanket on the floor.. that's how poverty I am right now. I am only borrowing this money. It sounds like you have a strained relationship with your parents. The fact that they don't support you sufficiently for you to have a bed to sleep on makes it difficult to understand why they would then lend you $1M, no questions asked. You have no reason to explain this as we're just strangers but you have to appreciate that it leaves us in a position of some scepticism. That's not true at all. I'm extremely close with my parents. I live on my own in another state because I have a job, I make my own money which is enough for me to live on and pay my bills (my bills are pretty fucking high compared to most people). There's no reason for me to have my parents pay for anything. I'm fucking 25. About me sleeping on the floor... that's by choice, I just haven't gotten around to buying a bed and I don't mind sleeping on the floor. It's really not a big deal but I wanted to give a perspective to people in this thread thinking I'm rich because my parents are and that I'm living some sort of royalty life. That's just not true. I don't get a penny from my parents, I live on my own barely making rent. I don't even have a bed in my room, I sleep on a blanket on the floor.. that's how poverty I am right now. I am only borrowing this money. It sounds like you have a strained relationship with your parents. The fact that they don't support you sufficiently for you to have a bed to sleep on makes it difficult to understand why they would then lend you $1M, no questions asked. You have no reason to explain this as we're just strangers but you have to appreciate that it leaves us in a position of some scepticism. It's really not that difficult to understand. He's a teenaged lying troll. Because of his youth, he doesn't understand that any person with the business savvy to have accrued a million extra dollars would never loan that kind of money, even to family, without a formal written business/investment plan and a payback contract possibly with interest. People that are that stupid would not have a million to loan. You do realize this bitch might just be a 25 year old spoiled kid (a money-rich minority by the mouthy teenage attitude) from US who couldn't make it in the real world without his daddy's help and basically sucked off his daddy to get his hand on some seed money. I would not doubt some 'rich' parents also don't know how to raise their kids properly. This kid shows off all the signs of a gutless rich boi who still thinks like a 14 year old wannabe punk. "I got balls" LOL this kid. LOL at at this raging comment... you are clearly upset my boy. I have a full-time job and make my own money... "can't make it in the real world"? I'm pretty sure I'm still better off than you are you stupid ass mother fucker. You are just some fat ass getting mad over the internet. There will always be people/families richer than you, don't cry about it. I'm willing to bet you are an ugly sad little fuck probably older than me and living with your parents |
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Once again: never invest anything you cannot afford to loose. First and foremost invest in yourself and set yourself up so that you are safe come what may:
#1 Invest in yourself - education etc so that you can bring in a good income
#2 Pay off all debt
#3 Lay in a store of food, clothing, tools, and all the other stuff you use on a daily basis. 3 months worth minimum. 1 to 2 years best. This protects you from inflation 'cause you use all this stuff anyway. If there is a major disaster this store could make you the wealthiest man in town.
#4 ONLY when you reach the point where you have excess - diversify into liquid investments ie BTC, Gold, Silver, Cash.
$5 Always continue to improve yourself, health, career, family life, friends, etc.
Great advice on 1, 2 and 5, i agree you should sell.  We buy 2gether we sell 2gether bad boyz 4 lyfe! Edit: http://www.youtube.com/watch?v=rIP4YGXo8Nk&feature=shareMax came through for me  |
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Can't believe all the PM's i'm getting... some crazy scammers around here! lol if you think I would actually be down for any of these offers
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Can I make a suggestion?
If your Dad has $1 million to lend you for a year, surely you could just borrow $50k more or less indefinitely. You will find this much easier to invest in one go. Try to buy on a dip. Sit on it for at least 1 year, no matter what (preferably 2 years). Follow the market closely but don't sell in a panic. Be prepared to lose the full amount (you would have to be prepared to lose the $1m, so this is less of a risk).
Okay, if Bitcoin really takes off in the next few years, we may well see a further 20x, and you get your $1m. Pay your Dad back and enjoy your newfound wealth.
If it fails, you owe your Dad $50k - a failed business venture. You have some hope of paying that back, or perhaps if he is as wealthy as your post suggests, he may write off the debt.
I suspect this thread is a troll, but if not, that's a lot of money to be throwing at something which you obviously don't have much understanding of.
Haha, I like your attitude But yeah, I'm really glad I didn't do it yet. I need to look more into the risk and security stuff people mentioned in this thread. And then i'll start small like $50k, hopefully I'll get in before it starts going up again. I think my greed level is too high right now, I should probably take a step back and meditate on it |
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So troll, do you still want to spend a million of daddy's money on Bitcoin? Wait till this time tomorrow and you may only need $100k to buy the same amount as when you started this thread.
I kind of do actually, but i wanna see if it gets around 500/600 before the end of the year... that would be a good time to get in. I'm pretty sure it'll hit a new milestone in 2014 Million Dollar Baby...really? You guys might want to read this lol  What! don't tell me you invested those million dollars in between this crash ?
Oh my god I would have jumped off a building right now.... But i did put in all the money I had in it when it was $680ish... Haven't seen red until now, feels bad  Man, you are supposed to buy at intervals, like buy 10 at 680 then 10 more at 620, like that. And specially avoid catching a FALLING KNIFE! I did buy 10 at $680.... that was my life savings bro. Told you I was poor Not sure what your point but please gtfo |
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Where art thou oh saviors of bitcoin?? I need some assurance!!  I put in all my savings a few weeks ago when BTC was $680... it almost doubled and now im back in the negative and it's falling FAST!! Should I panic? Anyone selling? My gut tells me to just hold it but I have the worst luck with money and investing so i dunno... Im afraid im gonna lose everything like I did in the stock market. Im sooo glad i didnt invest my dad's money in it. Fuck what the hell is going on?? I wish Max would talk about bitcoins again If its savings then presumably its money you dont need right now. Think of it as a savings plan with a 2-5 year lock in. Over this time frame if btc succeeds you'll be minted. Dont dont dont panic sell on the 1 st sign of a correction. Yup, I don't really need it right now and I wanted to take a chance of it growing in the next year or two. Thanks for the advice everyone. I wasn't planning to sell anyway. I'm in the new wave of BTC owners so this is my first "crash" but i've learned enough by now that this happens and a sure way to lose is to sell at a loss. I still have hopes of BTC reaching a new height in 2014. Thanks everyone for the reassurance Who are the "Winkelvass" twins?
Those russian twins from that movie The Social Network They're American, not Russian. They looked Russian in the movie... maybe their ancestors were |
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