Yeah those Lancelot are priced reasonably....i think i will be 10, thats $300/1pc

I think you should reassess the market, Mr Chen.

0.043 btc


I would be taking a lost there and that I will not..

Bitcoin - a cult digital currency

Not sure where this belongs, but thought it should be widely available...

http://audenx.tumblr.com/day/2013/06/10


Good news! 10-June-2013 Bitfloor update
Posted 2 days ago

Good news at last!

I spoke today with Jordan Modell from Internet Credit Union. He was able to confirm that Roman has been in touch with ICU for a few weeks and has been working with them to set up a way to return USD funds to customers. Here are the key points:

    1. After conferring with their counsel, ICU confirmed that they can legally open an account for Bitfloor. They have done so. Bitfloor’s account with ICU is now open.
    2. ICU and Bitfloor are setting up ACH transfer capabilities for the account. Jordan should be able to confirm by Friday this week whether ACH into and ACH out of the account is set up and working.
    3. The main delay at this point is that ICU has to wait to hear back from their counsel whether they need to follow “Know Your Customer” guidelines for each of Bitfloor’s depositors. Jordan said it might take as long as until the end of next week (6/21) to hear back from their counsel on this issue.

To elaborate on point #3: Even though Roman knows who most of us are (because anyone who requested ACH verification from Bitfloor already submitted photo ID), ICU is trying to find out if they need to separately request and review identity verification information for all of us, too. Ideally, ICU would like to avoid collecting this information about Bitfloor’s customers, if that’s legal. However, if their counsel advises them to collect this information, it shouldn’t amount to much more than some additional paperwork or a brief phone call for each of us — not too much of a hassle, in my opinion, given how long we have waited already for refunds.

Overall, Jordan sounds very motivated to help with this situation. He asked me to follow up with him later this week so he could give me an update.

No one teach the knowledge about money in school, no books tell either, most of the people have zero knowledge about money and how it works

Some common misconceptions:
1. Saving now is for spending in future
The truth: One could save a billion but still do not spend them even when he die, it never hurt to have more savings, as long as his living standard is enough high

2. More money supply will cause inflation
Truth: FED printed 400% more money but there are no inflation, since the value of USD is a consensus, not affected by supply and demand (at least in +-1 magnitude of supply)

3. Money is not wealth
Truth: Money is wealth, if you can exchange money for any wealth, then it is the ultimate form of wealth

Because the demand for saving is endless and bitcoin is the most credible form of wealth with limited supply, in principle its exchange price will rise forever to hold forever increasing saving


This is just one of many possibilities

I call that an opportunity

I'm really curious what some of you more seasoned traders have to say about this. I discovered this twitter feed from Sir Bits-A-Lot.

https://twitter.com/SirBitsALot  Great tweets and quite often. I recommend you quickly read some of his comments. Quite a few screen shots proving his points as well.

He has some great commentary on price manipulation and a video as well. Really really interesting. He is a bull long term but mid to short term (6-12 months) he is a bear.

Video linked here: http://sirbitsalot.wordpress.com/2013/06/11/bitcoin-price-manipulation/

IAS

When price goes down People say xx sold their thousands of bitcoins so price went down
Stupids, if they sold it, someone bought it too..

When price goes up, people say, someone bought thousands of bitcoins so price went high
Stupids, they bought it because someone sold them..

Now tell me why price goes up down.

totally agree with you. but long term stability starts short term.
At this point in time we are at a turningpoint.
It's either longterm bear market or continue bullish (pre bubble + growth).
so they might prefer business as usual.

So PMs are worthless in a crisis, but cash - likely backed by the very government whose folding is causing the crisis - will all of a sudden be worth something?

A piece of green cotton toilet paper with Ben Franklin's face is worth shit in a crisis when its backing government's power status is questionable. At least gold has a 6,000 year history of use as currency, and in many areas of the world (India, china, etc), people still recognize its utility as a traditional store of value. Fiat is new, unstable, made of paper, and backed by a central bank whose power could be removed any day. PMs and cryptocurrencies are global - not reliant on any one transitory entity for "backing."

Sorry, cash > PMs in crisis situation? that's just bunk logic yo. I agree that we wouldn't suddenly, magically revert into 100% PM-based exchanges in a crisis situation, but PMs definitely won't be worth less and fiat cash definitely won't be worth more than them. Unless we're talking about certain upcoming temporary deflationary scenarios, then maybe you've got something, but that's more of an intellectual consideration.

I know I'm the newB here, but I think price matters to VC.
For one more liquidity in the market makes for more possible gains.
And stability increases market sentiment. Which in turn allows for a higher chance of their services becoming successful. 

I was trying to be polite to the OP. I turned 15k USD play money into well over a million in less than 2 years. I know my shit.

This is big - going to put a vice grip on the overly indebted US economy:

http://dealbook.nytimes.com/2013/06/11/in-a-shift-interest-rates-are-rising/?ref=economy

Cyprus then. Now, please tell me why Bitcoin value will go down when fiat currency goes down? I'm genuinely interested.

Paypal has no fee though and funds appear instantly and also participants can easily spend them, so why bitcoin was better FOR THIS PARTICULAR PURPOSE?

When it grows up, i'll consider it.  Till that happy time -- $ is way simpler.


Sure have.  Though if you're sure, why would you want to hedge your bet?  Or... Are you not so sure?


Huh?  You're saying that the only reason i have for using Bitcoin is the fact that it'll cost me money to cash out of Bitcoin   There's a strong endorsement!


So, you're saying you're still not all in?  You're ... waiting for cheaper coin?  Do you realize how much this sort of thing hurts Bitcoin valuation?


What a strange thing to ask.  Is this the sort of research you do before investing your money?

Dude -_-!, Go along with a nice joke when you find one, I wanted Elmer FUD to have a good "I told you so" moment before we all pee on him with laughter and shrugs.

The data is here:
http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/tressect.txt
From the US Treasury.

The monthly variation has a fairly high beta compared to 12 month rolling, of course.

I don't think bitpay has millions of dollars. And I doubt they want to mess with other people's money. It would be shady exchanging it themself as they can find the "lowest" price to sell at. Selling at an exchange keeps it official. They sell the same day and wire it. They can keep their cut in btc though.

Actually quite a lot of people seem to be interested in it: http://www.forbes.com/sites/jonmatonis/2013/04/27/bitcoins-promise-in-argentina/