...Being in debt is a sin ...
I was totally with you up until this point. What has sin got to do with anything. It's all just choices. |
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I... I don't really think that helps me  I don't need to know the current price for any reason. Surely this sorta thing is commonly done though, for other assets/investments.. Maybe it's just elementary spreadsheet stuff but I just can't get my head around spreadsheets, they're too damn boring. say you want to sell 5% every time the price doubles. row 1 put this stuff column a - [current BTC holding] column b - [A1*0.05] column c - [current BTC price] row 2 put this column a - [A1-B1] column b - [A2*0.05] column c - [C1*2] copy row 2 and paste it into the next 20 rows or so, it should automagically adjust formulas. your spreadsheet then shows column1 - remaining bitcoin column2 - your target sell amount in BTC column3 - your target sell price in BTC tweak the multipliers, tweak the percentage, until you like what you see if you can't do spreadsheets, then try pencil, paper and a calculator. thats how it was done before spreadsheets were invented  if you think that sounds like a pain in the ass, it is, thats why you learn spreadsheets |
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still think we haven't seen the extent of the 'senate approval effect' I'm sure it will be somewhat tempered by the recent correction.
All in all it looks like a classic case of buy the rumour sell the news.
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Best TA thread for a while - SUBSCRIBING!
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When my mom ask me bout bitcoin
yeah that's already happened for some of us. That's a pretty telling indicator. I would think we'll be closer to $10,000 when moms can actually acquire and safely own BTC on their own. ...actually, that might put us closer to the $50,000-$100,000 range WHAT ABOUT THE POPS!? |
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China is a closed economy - there are few arbitrage opportunities, and the bitcoins available in China are limited to the people in China who managed to get hold of them since 2009, and the few foreigners with bitcoins living in China gleefully selling them.
Edit - there are not enough bitcoins in China
You're joking, right? You must be joking. > Bitcoins are not "in a country" > China has dominance over mining operations due to near exclusive chip monopoly I see his point. You are right bitcoins aren't in a country, they are in wallets. Those wallets belong to people, those people are in countries. Those people (for the time being) don't have much choice in what exchange they use. Hence the localised price variance based on the different supply/demand pressures on each exchange. It might not account for everything, but I don't think you can dismiss it out of hand. |
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What?? The Chinese are capable of lying, cheating and/or stealing?
Anyone who has dealt with the Chinese, knows.
Thank you, Boxman90, for reminding us who we are dealing with....
%s/the chinese/people/ srsly, don't be a dick. |
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WAIT a minute...   these bit coins, how do they taste? |
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502.6212
i think that was the correction, and now we are just going to fill the gap so to speak
whether that happens in the next 48hours on the back of the senate meeting, or more slowly over the next six months as people settle into the new price bracket, we shall see.
One thing I think is fairly certain, is that now the US has pretty much said everything is cool, the doors are wide open for the VC's and institutional investors with serious money to start dipping their toe in the water.
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https://twitter.com/BitstampBitstamp @Bitstamp 18h #Bitstamp is currently experiencing some problems with our banking software. Thank you for your understanding. hoping its just technical too - just transferred a bunch of coin in there last night... typical!
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+110% in china lol.
oh aye, a correction is coming, I'm sure I'm not the only one that will just hold tight through it though.
(like i did in april)
(like i did in july '11)
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opinion: BUY
do you, perchance, have a newsletter? |
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I think you underestimate just how many dollars there are  |
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Slow your roll, turbo. I'm still trying to get used to it breaking out of the $4-6 range The first time around or the second time after the $32 high? |
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PS actually, if you just want to know how to deal with you killing yourself for not acting, it's simple - remember that feeling, and act next time. Beauty of bitcoin is that it already gave 5 very good buying opportunities during last several years. That's 5 times you could've bought coins and get at least 10x increase in value. So just wait, opportunities are many.
This is pretty sound advice. I regretted not buying AAPL at $80.86. $20 BTC looked overpriced to me, but I bought a little anyway to avoid the same regret of not acting at all. Really though, never invest more than you can afford to lose.The *best* and only advice. Figure out how much money you don't mind losing, then buy. Then wait. |
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Stamp have been good to me of late. Money in and out with no problems (SEPA).
If you are US then YMMV.
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As a few smart people have wisely pointed out, people are not buying Bitcoins to spend them. I mean, how stupid do you have to be to believe that. Let's look at it: Scenario A:Mary wants to buy a new TV. That TV costs $500. She goes to her favorite online store, types in her debit card number and her debit card is charged. TV arrives in about a week. Total Cost: $500 Total Time: ~ 1 week Scenario B:Mary wants to buy a new TV. That TV costs $500. Mary also heard the hype on a new technology called Bitcoin and figured this is the best payment method for her. So, Mary goes on Coinbase and purchases $500 worth of Bitcoin and pays 1%. Then she waits a week. When the Bitcoin's finally arrive, she goes to her favorite online store, only to find that they don't accept Bitcoin.  Scenario C:But lets assume her favorite store does take Bitcoin.  Mary wants to buy a new TV. That TV costs $500. Mary also heard the hype on a new technology called Bitcoin and figured this is the best payment method for her. So, Mary goes on Coinbase and purchases $500 worth of Bitcoin and pays 1%. Then she waits a week to get her Bitcoins. And it's a good thing because it will take Mary at least that to figure out how to safely store her new Bitcoins and download the blockchain. Or, maybe she just stores them on Coinbase, which is the ideal way to store Bitcoins anyway.  When the Bitcoin's finally arrive, she goes to her favorite online store, pays for the TV with her $500 worth of Bitcoins and the TV arrives in about a week. Total Cost: $505 Total Time: ~ 2 weeks Moral of the story. GET REAL! There is no Bitcoin "adoption" because there is almost nothing to adopt. You can barely use them. Cash and debit cards are FAR superior to Bitcoin's, as it relates to making everyday transactions. The day may come where this is no longer true, but that day is not today, nor any day during this bubble inflation. The is pure speculative buying. People are simply looking to get a high ROI. If you believe anything contrary to that, you are delusional and I would NEVER take advice from you because you simply do not live in reality. The main reason this is a terrible argument, is that you just assume mary has $500. Either she has both BTC and Dollars. Or she has none. Either way all your scenarios become a lot less polar. |
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All this talk of integer math... seems so redundant.
The decimal number system quite happily has no problem with the concept of there being 21m BTC, the software at the moment only shows 9 digits of precision past the decimal point. In future it may need to show more. Nothing changes.
The idea that there are suddenly more units is just a red herring.
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