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Good morning Bitcoinland.
Nice to be back in 5 digits... currently $10030USD/$12563CAD (Bitcoinaverage).
Now we have to keep moving up and make $10k the new support.
4 digits were a great buying opportunity but it's time to move on.
Go Bitcoin go.
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Good morning Bitcoinland.
I see we've held last night's gains and we're still over $9k... currently $9288USD/$11733CAD (Bitcoinaverage).
It was just a year ago we were trying to get back up to 4 digits after a winter (northern hemisphere) dip down to 3 digits. Now we're looking at getting back to 5 digits after a winter dip down to 4.
Last year we had to wait until March to finally leave 3 digits behind for good. Will we be able to get it done earlier this year?
4 digits is getting boring. C'mon spring, don't be late.
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Looks like this rally has slowed for now. Back to bed for me.
See y'all at noon.
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Well well well. The old bladder alarm woke me just in time for a nice rally.
Who needs sleep? Go Bitcoin go.
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Oh look. THere's a 200 coin ask wall being eaten on Stamp.
Isn't wall observation fun?
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Good morning Bitcoinland. Same old, same old. Bouncing along sideways in $8k-$9k range... currently $8580USD/$10810CAD (Bitcoinaverage). Waiting for the spring breakout. Ho hum. late 50's here. and when i heard of btc in 2011 i took to the concept like a dog to a bone.
dont forget us old farts have seen how the government and banks play with money "for our own good" for a long time and many of us trust the government/banks even less than the younger generation.
but maybe im an exception. lot of my friends around my age just dont get btc and wont get into it. but that may be because they generally arent a technology freak like i am.
Same here and jumped in 2013 building a gpu miner with borrowed money. In the young uns defence though, when i was 30, i thought 50+ was a lifetime away and technology to that age group was beyond comprehension. Of course i was wrong, as they are now Almost 70 here and definitely not a tech luddite. I used to think anyone over 40 was old. Now I think anyone under 40 is a clueless kid. No, not all kids are clueless about life just as not all seniors are clueless about technology. One of my older friends (pushing 80) was buying bitcoins at less than $200 and still buys the dips. Needless to say he's done quite well. Meanwhile one of my younger friends in his 20s can't seem to understand Bitcoin. He thinks it's some kind of pyramid/Ponzi scam and that "the government" will "shut it down". Meanwhile he alternates between Mom's couch in Toronto and Dad's winter place in Thailand trying to get rich playing online poker. All this for a kid with a tested IQ over 180. Go figure. Age has nothing to do with it. Mental flexibility counts a lot more. |
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Good morning Bitcoinland.
Bouncing along sideways I see.... currently $8720USD/$11000CAD (Bitcoinaverage).
The buying opportunity continues but these 4-digit prices won't last forever.
I'll need to buy about $15kCAD in late March. I hope I don't have to spend a whole bitcoin to do it.
Gawd, I hate spending Bitcoin. Coins are for holding, not spending.
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Good morning Bitcoinland. What a week.
I got back to T.O. to find both my landline and mobile internet services down. Just got reconnected last night, hence my lack of posting. I did however get to buy the lovely dip.
Now it appears that we finally got the high-volume capitulation we were waiting for and we're moving on up again... currently $8670USD/$10925CAD (Bitcoinaverage).
Hopefully we'll be solidly back in 5 digits soon. I've gotta spend some coins in the middle of March to pay for the preliminary surgery for my new teeth. Booked for bone grafts on March 16 in Playa del Carmen with another 3 week vacation before it's safe to fly again.
While I don't expect an ATH by then, I do hope the price will be considerably higher than it is now. I'm really looking forward to a good autumn rally to pay for the next 2 stages, the implants and then the teeth themselves. Zirconia ain't cheap, even at deep discount Mexican prices.
C'mon Honey Badger, I know you can do it. Go Bitcoin go.
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Good morning Bitcoinland.
I see we're back up over $9k after a brief dip under... currently $9154USD/$11370CAD (Bitcoinaverage).
Almost checkout time at the hotel and we're off to Cancun airport to head back to civilization.
Probably won't see any significant revenues until Monday. Hopefully the price of Bitcoin will still be under $10kUSD.
I'd hate to think I missed this week's great buying opportunity.
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Thanks for the welcome back everyone. I missed this place.
My internet access was pretty much limited to occasional Android device access at cafes and bars during trips into town. Sometimes I'd even be able to get a semi-reliable connection where I was camping out.
One dude in town has satellite access and relays service out to the boonies via transponders mounted on bamboo poles. Sometimes it take 3 or 4 refreshes just to reach Google. Other times you can even watch streaming video. It's hitt and miss.
Welcome to rural Mexico.
___
Hopefully that was final capitulation and we're ready to start heading up again. Looking at volume at Stamp, it was the heaviest in a while.
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Good morning Bitcoinland. Finally made it back out of the jungle to reliable internet access in Playa del Carmen.
Looks like I missed the best buying opportunity in months, down under $7.7k. Now it's already back up over $9k and rising... currently $9005USD/$11155CAD (Bitcoinaverage).
Today I go back to see the dental tourism doctor for a final set of price quotes and then I'm back on a plane to the Great White North tomorrow.
I'm gonna hate trading sleeping in a tent under a palapa for trudging through the snow, but maybe I'll still have the chance to buy some coins for quadruple digits when I get back.
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Good morning Bitcoinland.
I see we're still riding the Bitcoin rollercoaster, down a grand, up a grand... currently $11135US/$13866CAD (Bitcoinaverage).
So much FUD...S. Korea then India "banning" Bitcoin, the USA IRS "killing" it... and honey badger don't give a shit.
Business as usual.
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Good morning Bitcoinland.
Nice to see the recovery continuing... currently $12833USD/$16036CAD (Bitcoinaverage).
We're most of the way back to where we were before the silly "S. Korea bans Bitcoin" nonsense.
Go Bitcoin go.
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Have you found any bitcoin ATMs in Mexico you can use to buy the dip yet? I found twelve in Mexico from a google.
When I first checked the BTC ATM situation in Mexico last year, there were only 3, 2 in Tijuana and one in Mexico City, according to CoinATMradar. Now they're popping up everywhere, however they're still pretty scarce in the Yucatan peninsula. There are none in Quintana Roo where I am but there's one in Merida, a few hours drive away, in case of an emergency. There's little to no chance of me buying a dip like the one a few days ago. I just had to sit back and be grateful I bought my CAD when the price peaked almost 2 weeks ago and congratulate those smart and lucky enough to buy the dip, while pitying the fools who panic sold. I figured I'd only use BTC here in an extreme emergency. Hopefully I'll have enough fiat left when I get home to buy the first dip that comes along. |
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Buenos dias Bitcoinland.
Still consolidating after this week's N. Korea panic, I see... currently $11340USD/$14125CAD (Bitcoinaverage).
It looks like we're forming a nice little ascending triangle. Hopefully we'll be heading back up soon.
January, bah.
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I'm kind of feel sorry for the people that panic sold in the 9000's.  Hard lesson to learn. I have little sympathy for morons getting involved in matters above their abilities. Anyone who sells when the price goes down is a moron. When the price drops, it's time to buy. |
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Good morning Bitcoinland and greetings from the jungle in the Yucatan peninsula. Internet access is spotty out here so I haven't been checking in daily.
I see the "S. Korea bans Bitcoin" panic is continuing, all the way down to 4 digits and back up a little... currently $10160USD/$12645CAD (Bitcoinaverage).
I'm too lazy to work out the old coin price (damn, the Mexican lifestyle is getting to me) but all alts are down, mostly a lot worse than Bitcoin.
If I was at home I would have jumped on this dip and bought by now. Oh well, at least I bought the CAD in my pocket when the price was almost $21kCAD/BTC.
Hopefully everyone else is stocking up at these bargain basement prices. If prices are still down when I get back to civilization, I'll use what I have left of my travel float to buy more coins.
Hopefully this price foolishness will turn out the same way last January's "China bans Bitcoin" nonsense turned out last year.
Bitcoin is still strong. It's not just about blockchain technology, it's more about open source and decentralization.
_____
Damn. By the time my sketchy internet service got my message posted, we'd gone back down to 4 digits. Oh well, at least the scenery is gorgeous and the Mayans are super friendly.
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A sunny good morning from Playa del Carmen good people of Bitcoinland. Actually it's a little overcast but after last week's brutal cold snap in Toronto, I'll live with it. Playing the tourist for a couple of days before heading out into the jungle.
Didn't have a chance to check in here yesterday but we obviously didn't suffer as badly as we could have from the S. Korea exchange crackdown news. Double-bottomed out around $12.8k and seems to be consolidating around $14k... currently $13890USD/$17375CAD (Bitcoinaverage).
Old coins are now worth $16745USD/$20947CAD (Coinmarketcap).
Last January it was China "banning Bitcoin". This January it's S. Korea. We all know how last year played out. Let's see what happens this year.
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The situation with ATMs is pretty much reflecting the actual-demand-on-the-streets... sellers aren't selling and need extra incentives, buyers are willing to buy at much higher premiums.
ATM companies know that they can't really make money on commissions if they don't have bitcoins to sell, and they won't really acquire bitcoins if they can't be tempting enough on their prices that they buy from people. So they need to get those bitcoins, even if at a premium, in order to have something to sell to those who want to buy (and thus make money on the buyer).
We have a situation analogous to precious metals a few years ago when the street market was not correlated with the spot prices - but this is in a greater degree now with BTC.
I think it has most to do with operators trying to keep a balanced inventory. During rallies like last Saturday, bitcoins are at a premium so they raise buy rates and lower sell rates. During panic dumps like the example I posted from last August, the operators have an excess of coins relative to their fiat supply, so they lower buy fees and raise sell fees. It also means that panickers and FOMOers pay a premium for their foolishness while cool holders get a bargain. The 2 examples I gave are extremes but if you play it right, the ATMs are cheaper than transferring fiat to and from exchanges and paying the exchange fee. Of course this only works if you're buying dips and selling peaks. The big advantages of using ATMs though are security, anonymity and instant gratification. |
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-2 fee, they pay you ?
Do these machines dispense notes? the bitcoin "cashpoint" I saw looked like a student electronics project.
Any in London?
Yes, it's possible to find negative rates with operators who use dynamic pricing. Buy cheaply during panic dumps and sell cheaply during FOMO rallies. Yes, both machines dispense cash. The Lamassu requires a cell number to receive a code number text to sell. This is not required to buy. The General Bytes machine does not require a phone. It simply prints you a QR code to receive the coins you send and after one confirmation you scan the same QR code and it starts spitting out banknotes. Fast, simple, elegant and anonymous. I don't know about London. UK or ON?  Look here: https://coinatmradar.com/ |
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