At this point he has probably made $100,000. The last time someone purchased 35,000 bitcoins was in the upper-mid $4 range.
Then he should take the rest of his absurd profit. |
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Now we know he has 35800 bitcoins and about $10,000 in cash on hand.
edit $20,000 now
edit: 32000 bitcoins and $27,000
Nice. Hopefully he doesn't sell anymore.  |
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I am looking forward to a few months where the average price doesn't move and the difference between daily high and low is less than 3%. Let the exchanges make some money on statistical arbirtage. I think we're in for many months of relatively stable prices, but I doubt the price will get stuck in that narrow a zone. I think a move down into the $5s is likely, but slowly over the rest of the year. |
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I am really hoping this wall gets gobbled up before they can withdraw it. These days the chances of that happening are way better than a few months back.
The wall strategy will will continue to work in this market until it gets a lot bigger. |
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This one's called "Calling off the rally"  |
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I clearly remember, on the way down to 2.xx, that several bears was predicting and defending sub dollar prices, even low cents, but never happened.
It could still happen. |
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What is the best way to what is the best way to somethingsomething bitcoin? Anyone?
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My unscientific gut feeling is that if we break $6.8 we keep going to $7.  That's probably right. I still think $7.20 will provide some significant resistance. There's still a chance $7.20 remains the 2012 high. |
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i don't think that BTC logo (orange one) itself is a problem. We just need more shiny buttons an icons for people to use.
I don't know about shiny. The industry is moving away from all that bling and shininess and trying to imitate real world materials and stuff like that. Things are moving toward, well, this:  |
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Epically LOL! Well played pirate. Well played. Hey, when you gonna let me in your club? |
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it may soon be time for this excellent chart to return I agree. Remember what happened the first time? |
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 I can see it so much better now, without the damn scroll bar and with a link to the full size image  Stop being lazy and go get one of these. Sheesh. |
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I don't understand why the current logo needs to be replaced, IMO it's perfectly suitable.
I think what we've already got is really nice looking. What do you guys think needs to be different?  |
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 Of course this could be the bear trap of a much larger bubble, but anyway I'm not trollin. Sold my bitcoins (what's left of them after bitcoinica ) Seems plausible, even likely, to me. Don't care, though. I'm too lazy to get all my bitcoins out of offline storage and into the exchanges. I'll ride it out. |
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BTW, anyone wandered into the hardware marketplace around here? If you want a GPU, you're in luck! I wonder if we'll see a large decrease in the hash rate in the months leading up to the reward change as people try to get rid of their GPUs in anticipation of getting ASIC hardware. |
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Yeah, I don't know. I noticed too. Maybe some of it can be explained by people moving coins out of MtGox to other exchanges, but I'm even speculating on that. I really have no idea. |
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My prediction is in early december, there will be alot of volatility and price swings... nobody will really do anything in response to the block chain halfing until other people do, therefore everyone will do it at the last minute... There should be some major change in the price, but I am not sure how much... It would be a good time to get your money into an exchange so you can put in buy/sell orders and try and make a gain... Also, nobody knows the exact date of the block halfing, so this could affect things too..
True, nobody knows the exact date, but anyone can get a pretty good idea of when it'll be within a few days, and the closer we get the more accurate the estimates will become. However the market responds to the halving will be, I think, priced in well in advance, if it hasn't already been priced in. I doubt whether it happens 1 or 2 days later/earlier will matter much. |
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2. 0.5% to exchange into/out of bitcoin (once we launch bank integration) is the current plan. Once you have bitcoins transactions are free.
So, in this respect Coinbase will be operating as an exchange, like MtGox? Do I understand you correctly? |
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How is ASIC going to flood the market with coins?
Coins are generated at more or less a constant rate due to difficulty adjustments.
The number of coins generated will obey the algorithm, that's true. Right now, though, the number of coins on the market is vastly lower than the number of coins that could be on the market - people are still saving hoarding most of them. Though, I think we've been seeing a trend of less hoarding as time has gone on and more and more people are taking lower and lower profits. That that's happening is compelling people who would otherwise hold to sell in order to take some profit, you know, before the other guy does and he can't get as high a price for his volume. When ASIC mining comes online en masse I think that's going to accelerate competition to take profit, as people compete to sell their coins in order to pay off their investment. This will drive the price down. Additionally, I think this will be compounded by the block reward halving. |
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Is the Quasimodo formation bearish or bullish?
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