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I liked your post. Point #3 is the most concerning to me.
I expect there to be several future instances of ridiculous flash crashes caused by a single individual holding a substantial amount of coins. All it takes is a few people with the mentality, "Hey, one million, two million...eh fuck it I'm a millionaire [sell]," to cause this to happen at any given time.
However, every time this happens, coin redistribution also happens which makes the event less likely to occur in the future.
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It may fall back to ~50$ but it also can rise to 70$ or above. What should I do? Buy or wait?
Let me check my crystal ball and I'll get back to you. |
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Bump.
So far, best contact offers have been:
1) One semi-interested buyer at 125 BTC.
2) One official offer of 40 BTC up front plus 50% of all Bitcoins mined during first 3 months of operation. This offer appeals to me, though I didn't feel that the mined coins could be escrowed safely and I don't really want to keep track of the payments over that period of time.
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Read throught the thread and it appears that the "buy it now" price is 125 BTC but the highest bid so far is 20 BTC. If my understanding is correct then I bid 21 BTC.
It's not an auction, but I will consider serious offers. Thanks for your offer. I've had one semi-interested contact at my declared asking price, so that may give you some indication about what I think of the offers posted so far on this thread. |
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60.10
1LNDoBd3UPeRrhavSZ2318zToXrxxHxxiL
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Same thing happened to me.
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Uh, you can buy or sell fractional amounts there.
John we're talking about two different things. "Volume" is the count of trades over a period of time. It should always be a whole number. Example: 3 trades for 0.5 BTC is a volume of 3. If "volume" is a non-fraction and an integer how can "volume" logically not be a whole number. 3 trades for 0.5 BTC is a volume of 1.5 BTC. |
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There's this quote: It's against the rules to make trades that are not legal in both the seller's and buyer's countries. I'm not interested in figuring out legality of trades or investigating locations of members, though, so I only delete really obvious stuff. https://bitcointalk.org/index.php?topic=57379.msg683474#msg683474(In reality, I don't expect any changes to the forum following the FinCEN guidance). That's still my position. Blatant illegal trades are only disallowed because they would make it difficult for the forum to survive. In this case, even assuming that the FinCEN ruling is an absolute law without loopholes (which I'm not sure about), the forum has plausible deniability because people could have all of the necessary licensing. I'm not going to go around asking people to show me their licenses. Thanks. |
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The forum isn't based in the US.
I know. However, wouldn't it constitute illegal activity without proper licensure? But the forum doesn't need to moderate those topics as it isn't based in the US. But I thought the forum doesn't condone any illegal activity. I'm simply curious. I don't really have an opinion on the matter. |
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The forum isn't based in the US.
I know. However, wouldn't it constitute illegal activity without proper licensure? |
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How are the moderators going to handle offers made by USA users in the 'currency exchange' and 'lending' sub-forums in light of FinCEN's judgment on decentralized virtual currencies?
Edit: I specifically am referring to offers in which there is an exchange between virtual and fiat currencies.
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I think around $2,000 sounds like a reasonable investment to start with. I've made an account with https://mtgox.com/, is there a better way to buy coins to start? Also if there's any required reading on bitcoins that I don't know about, please share your wisdom anyone! If you're going to invest any significant amount of money, familiarize yourself with Bitcoin security and learn how to keep your bitcoins safe, make sure you know exactly how to move your funds from place to place, familiarize yourself with the practices of any exchanges you intend to use and with the challenges you might encounter (e.g. identity verification, etc.), and familiarize yourself with how the Bitcoin protocol actually works. |
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How much is losing $20,000 to you, and how much do you have in bitcoin right now?
I currently have no bitcoins, I just really started looking in to bitcoin a few days ago. I'm not thinking $20,000 to start, but I'm willing to invest a chunk of it to see how it works out. It looks to me like I'm already a tad to late if I was in it for the most profit, but I'm still optimistic about where bitcoin's going. I'm only 21 so $20,0000 is quite a bit in my mind, I'm working on changing that though lol If I were you I'd take 2 grand and throw it into BTC. That's 10%. But, I'm not you. In my opinion, Bitcoin has a long way to go before a person can be considered "a tad to - late." There's a pretty popular idea around here that goes something like this: "In a few years, either Bitcoin will be worth thousands of dollars apiece, or they will be worth nothing." I actually think this reasoning is quite sensible.
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Hello
I'm selling my own guide, how I earn 3000$ a month in internet.
My guide costs 2.0 BTC.
I'm selling only 100 copies.
To contact me: Skype: kharchenko.alexey
I will help everyone, who buys my guide.
So, did you lose $27,000? |
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keep posting that pic. you still dont have any evidence i am btcguy or retropcdos. if you did i would have gotten tagged scammer. keep trying.
You don't have to be tagged a scammer to be a scammer. As someone who engages in psychology for a living, I'd take this sort of statement extremely cautiously as his language completely shifts the point of contention onto something that is totally irrelevant. |
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Oh look, another technical analysis that has [better / even / worse] chances than luck.
Oh look, another comment that has [some / little / no] value. |
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Shall we?  |
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I heard something like ASIC miners and people recommend it more
Actually what is that?
As i am new to the mining scene can some1 please explain a little about this so called thing
Application Specific Integrated Circuit. They're built to do one thing, and they do it fast and well. It's essentially the Ferrari of the Bitcoin mining industry. http://en.wikipedia.org/wiki/Application-specific_integrated_circuitIt means i can buy them readymade rather that building my own rig is it? Did you read even the first sentence of the Wiki article? The term ASIC has nothing to do with your ability to buy it. But in a sense, yes, you're right -- you have to buy them ready made unless you want to throw down a few million to produce an ASIC chip that does what you want it to do. someone told me asis btc miners are coming soon what was that then? At the top of your screen you will see a "Search" function. Use it. Edit:  |
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I heard something like ASIC miners and people recommend it more
Actually what is that?
As i am new to the mining scene can some1 please explain a little about this so called thing
Application Specific Integrated Circuit. They're built to do one thing, and they do it fast and well. It's essentially the Ferrari of the Bitcoin mining industry. http://en.wikipedia.org/wiki/Application-specific_integrated_circuitIt means i can buy them readymade rather that building my own rig is it? Did you read even the first sentence of the Wiki article? The term ASIC has nothing to do with your ability to buy it. But in a sense, yes, you're right -- you have to buy them ready made unless you want to throw down a few million to produce an ASIC chip that does what you want it to do. |
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