I bought in at 480 and thought that was the bottom. 350 dollars in weeks? Shit.....
Well, we're still at $480, so no reason to panic yet.  Really, as bearish as I feel the market could get in the coming months (sub-$300 and even sub-$200 are very possible IMO), any buy under $500 is a good long term price. |
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I pay for Netflix streaming service, and Amazon Prime as well. I have a big collection from torrents, but sometimes I can't be bothered to deal with torrents (and also sometimes I don't have the immediate disk space). So in those cases, I do sometimes opt to buy a movie/TV episode on Prime.... mostly out of laziness/convenience.
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Strange. Market activity usually calms down in China by this time.. but there's decent buying pressure right now in China. What's happening?
I wouldn't say much is going on. This is all very low volume, and Huobi actually looks to be forming a rounded top. If we don't see any panic buying very soon, I think we will pull back. |
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I have one full bitcoin. What form of investment would be available for this amount and what are the risks involve?
I'd be weary of BTC-denominated investments. The lending forum is full of scammers. Casinos and other investment opportunities can be very fly-by-night. I prefer to hold onto my BTC when not hedging by holding USD to buy back lower. |
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Socialism is institutionalized greed, backed up by violent men with guns.
As someone mentioned earlier, that may be an appropriate characterization (if imprecise) of state socialism. But not all forms of socialism would use the state to enforce anything, and in fact, some oppose it on all fronts. Interesting, do you mean there is a form of socialism where state doesn't have to exercise coercion, and where everyone is free to disassociate from the system and trade with who he wants for the price he wants and on what he wants ? I did not think any kind of socialism was possible at the level of the state without coercion, what form of socialism do you mean ? Union labor is a kind of socialism without coercion (only if they don't depend on government subsidies, and don't blackmail people that does not join them), which is good. But I can't see how such thing would work at the level of a state. Any good reading ? Yes, there are such forms of socialism. The distinction is between State Socialism ( http://en.wikipedia.org/wiki/State_socialism) and Libertarian Socialism ( http://en.wikipedia.org/wiki/Libertarian_socialism). Trade unionism/anarcho-syndicalism generally fall under the latter categorization. |
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Confirmations are an issue, but it is very clear that bitcoin is infinitely better than a bank account. Anybody who thinks that is secure is not paying attention. It is only insured because of our domineering global policy at least in the US.
Why are confirmations an issue? Bitpay does fine taking zero confirmations. My frustration is when vendors/exchanges require confirmations at all -- then it can be frustrating when your transaction is the one that waits 1 hour for a single confirmation! |
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Today's news of Home Depot's potentially massive leak of credit/debit card information (looks to be bigger than Target) is another reason why BTC is superior.... |
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I've made purchases from Overstock.com, TigerDirect.com, and NewEgg.com since they started accepting bitcoin. I've subscribed to the Chicago Sun-Times since they started accepting bitcoin (and called their customer service to thank them and explain my reason for subscribing). I've switched from Comcast to Dish Satellite service since they started accepting bitcoin (and explained to both Comcast customer service and Dish my reason for switching). I order my take-out pizza from Rosati's since they started using Menufy and accepting bitcoin (and explained to the restaurant manager my reason for purchasing from them when I picked up my pizzas).
Businesses that accept bitcoin will win my loyalty over their competition, and they'll know it.
How does Menufy work? I wasn't aware of them, so I just checked them out. I thought they would be a service like Foodler, but it seems like what they do is integrate their order/payment system on business's websites. Is there a list of Menufy restaurants somewhere? I'd like to see if there are any in my area.  |
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Seems some respected analysts here are calling for a revisit to the mid-300s.
Respected by whom?  You may disagree, but I'd say that masterluc and RyNinDaCleM both command some respect on this forum. Most analysts here are pretty half-assed, but not them. |
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$500 is cheap if it reaches $700 by the end of the year, $500 is expensive if it drops below $400. It just depends on your own view on bitcoin prices. I personally think $500 is cheap, but it is because I bought some at $600. 400 have been seen to be a very strong resistant point, so i doubt it will fall below that. Well, we did see the $340 level on the last major spike down. So I would not say that sub-$400 is off the table. Seems some respected analysts here are calling for a revisit to the mid-300s. |
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the goal is not to "sell and buy" btcs.. the project is aimed to use bitcoin like money, so if you send 1 bitcoin to your friend on another country, he will receive that bitcoin at almost cero fees and he will spend that bitcoin buying goods, not selling it for fiat.
It doesn't have to be limited to using BTC as "a currency." Ideally, BTC could be used to transfer great amounts of value -- even if that means directly cashing out to fiat on the other end. |
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Capitalism and socialism are both huge red herrings. It is important to note that many, such as the above poster, have no idea what socialism is, considering that they think "corporate bailouts" = "socialism."  |
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I don't like to invest my BTC. Maybe in a bull market, I'll look into some pump-and-dump altcoins for a quick trade. But lending and investing is very risky -- lots of fly-by-night players here. Is stick to holding BTC and trading it against USD to hedge.
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What is the accepted etiquette for BTC pricing as far as deadlines go? For instance, let's say that the current exchange rate for BTC is $500 USD/BTC. If I am selling something on a forum for $100 or .200 BTC, how long should I honor the price of .200 BTC? I mean, if I'm asking .200 BTC because I'm hoping to get around $100 USD for my item, but the buyer decides to wait several days hoping that the exchange rate drops to around $400 USD/BTC, then I lose a significant amount of money on the sale (percentage-wise).
I would either price in BTC (period) to avoid any mishaps in exchange rate. Or, alternatively, I would list a $ price, then "lock in" a price once a buyer has agreed to the deal. After that, I would hope that the deal closes within 15-60 minutes, otherwise I might consider scratching the deal if the exchange rate moved much. |
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Actual production cost of one single bicoin is aroundt $530-$550. Any price below $500 is a steal. Buy now or regret years later. With difficulty ever increasing miners are getting screwed now cause anyone mining now is running at a loss.
I think your logic is the wrong way round. If something costs more to produce than its worth doesnt mean its a good idea to buy the product, just thats it a bad idea to produce it. Bingo. All the perma bulls saying that mining cost will drive exchange rate upwards aren't really using sound logic. Surely, miners could simply be making a horrible investment (if currently mining at a loss). |
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nah, it won't go lower than current price, you can see, it is solid now, the dumpers are out, we are heading to a pump, it's only a matter of time
Oh? I see lots of fishing for bottoms, but no launch pad. If the bulls can't get some momentum going soon, I'm beginning to think $300s are in the cards as well...  |
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localbitcoins take a huge chunk, so try on this forum and build some rep.
Its well worth it. And when I mean by rep, its the "trusted feedback" that counts with green + marks.
Localbitcoins doesn't necessarily take anything. If you do in-person cash deals, there is no reason to use escrow, so no 1% fee. So if you don't agree to pay a premium to a seller, you can buy at exchange rate or even buy at a discount if you are willing to wait for the right seller. |
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i will pay for sure if there is a discount for payment with bitcoin
So far, only newegg and dell offering discount when paying in bitcoin. The offer is for limited time only. Gyft offers a discount as well. I think it is something like 3%, though I could be off. But every time I buy a gift card on Gyft, I turn around and use the "points" I just earned to buy another gift card. |
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Actual production cost of one single bicoin is aroundt $530-$550. Any price below $500 is a steal. Buy now or regret years later. With difficulty ever increasing miners are getting screwed now cause anyone mining now is running at a loss.
What if they just end up running at a loss for some time..... and price doesn't recover? Then hash rate drops.... despair sets in.... just saying. |
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