Most people say that the last big rally was about pricing in the reward halving, I have an alternative theory. Around June 25, Butterfly Labs opened the pre-orders for ASICS: http://www.prweb.com/releases/2012/bitcoin/prweb9637829.htmApril and May have been pretty stable, but in June miners increasingly hold back bitcoins for later investment and speculators anticipate on a rally due to the pre-orders, so the price starts rising in June. Next, I believe that not all coins taken in by BitPay immediately re-enter the market, as Tony Gallippi claims to have traded against pirate a few weeks after. Of course, this could partly be with his own coins or whatever, but seeing the price go up and knowing the numbers, I think he has chosen to make an informed bet. Link: https://bitcointalk.org/index.php?topic=94708.0After that, there was nothing holding back the price, so a parabolic blowoff has to occur. This is bitcoin after all.  I'm just throwing in my perspective since it has been fairly quiet here today. |
|
|
|
|
These videos will haunt the poor guy for the rest of his life..
|
|
|
|
|
Wasn't MTGox getting protection from BlackLotus last year? Maybe they can say something about their experience with them.
|
|
|
|
what will happen to gold and silver if deflation sets in?  Gold (and to a lesser extent, silver - more volatile market) will retain value even as the price drops. i won't argue with that. but i think Bitcoin has a good chance to go up thru this period of deflation. that's whats so intriguing... Can you give an estimate of how long this period would be? |
|
|
|
Meanwhile in the Netherlands ... somebody is getting impatient for the bitinstant debit card  |
|
|
|
(i am out)
 That was obvious from your last few posts. |
|
|
|
|
And by the way no drawing lines on charts is going to help you in a situation like this. See you later bears!
|
|
|
|
|
Honestly I believe that it will be mostly good for the publicity and legitimacy of bitcoin, and will not bring a lot of new bitcoin users (yet). Nevertheless very bullish!
|
|
|
|
|
Bought the bitcoin magazines. Man, paying with bitpay is so awesome. It's so smooth, you'd almost think you forgot to fill out some fields.
|
|
|
|
Is anyone aware of other user names (suspected or confirmed) that Trendon Shavers used on this board besides pirateat40?
I think I saw the name Don Shrents somewhere. |
|
|
|
|
The article summarizes the ECB report and suggests the desire of the ECB to either shutdown or regulate bitcoin. The responses to the article are very critical to the ECB and speculate on further growth of bitcoin.
|
|
|
|
I don't do short-term speculation, but when I buy bitcoins I usually place my bids at the current best bid price. They usually get executed and that saves me 0.5% to 1% compared to market order.
For me the same, except for when I'm fishing for the bottom. It happened to me more that I got left behind in that situation.. |
|
|
|
you guys are assuming that most traders are not currently shorting bitcoin and when they do sell price will go down.... they sold.... their fucked  I'm not talking about traders. I'm talking about hoarders with offline wallets about to go straight to gox for the holidays. I think you talk too much |
|
|
|
|
I agree with the OP, this has also been irritating me for a while now. It's disappointing that each time something gets announced to wait till the deadline to find out it was only an empty promise. The impact of a cool new product will be just as great as when you announce it when it is actually ready to be launched. It's time the community becomes more professional when it comes to this. Fortunately there are also some positive examples such as Roger Ver's new bitcoinstore.com (although he also announced bitcoinchipin.com which disapppeared after its beta launch).
|
|
|
|
BTC will only take off once there is a killer use for it.
There already is. theirs a bunch of them Then my mom would be using them (the best measument device for these kinds of things)  For you it's either 1 or 0 huh? |
|
|
|
That second video is not a follow-up of Max' episode. |
|
|
|
None for $8.00 / BTC. But if it dropped to something ridiculous like $1.00 / BTC or lower I would probably buy as many as possible to sit on.  This depends on uptake by common folk - not crusaders, not criminals, not technical gurus. Otherwise, it's only economic contribution will continue to be a way to transmit value for folks who don't like traditional transfers or can't use traditional transfers - which is a very niche market - realistically this is a no or little growth area. In other words, common folk will only hold it for a short-time, days, ie buy some BTC, trade BTC for goods or services, but never store it for the fear of loosing value. Niche market? Ever heard of System D? Perhaps you're the new Nagle. |
|
|
|
|
Show Posts
