If we stay over $240 for another week then I would be very satisfied that the bear market is over and that the price should slowly move in the upward direction from here.
Do you really think so Elwar? I hope you're right, I'm getting sick & tired of the relentless bear market, price manipulation & low prices. I got into BTC about 18 months ago, certified HODLER here, I'd like to see the price rise now. Even 400 USD would feel like a success now. BTC should not be lingering around the mid 200's. We need some good news to give the price a really good pump, maybe Gemini can provide us with what we need in the coming months. If you look back over the past 6 months I'd call the under $200 dip as the bottom. We came back from that and eventually stabilized in the $220 range. Then an unusually long (for bitcoin) stability in the $230 range. Some stability in the $240 range creates a terrific upward pattern. |
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Now that I am off of credit/debit cards I tend to e-mail a website that I would have used to purchase their services before I move on to find a way to pay with Bitcoin. Some have said that they have received inquiries in the past from others. My contact is usually something along the lines of: "Hello, I have dropped my credit/debit cards and have started using Bitcoin for all of my purchases. I wanted to use your service but notice that you have no option to pay with Bitcoin. Is this something you may be considering or have plans for implementing?" Something simple like that. Takes a few seconds. Let's create a list of links to various merchant's contact links so we can contact them and let them know that there are people out there that would like to pay with bitcoins on their websites. I just sent one to Amazon. You can contact them by logging into your account, click Help, click on any of the Recommended topics on the bottom right. The page will have a "Contact Us" button. Click "Prime or Something Else" Choose one of the drop downs in section "2". Choose your method of contact (e-mail). Send your message. Amazon's response: Hello,
I'm sorry; currently we don't accept Bitcoin as a payment method on our website at this point.
However, I've forwarded your e-mail to our billing department for future construction.
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If we stay over $240 for another week then I would be very satisfied that the bear market is over and that the price should slowly move in the upward direction from here.
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Contacted their customer support today with the following message: Hi!
I can only pay with bitcoins but you don't accept that payment method. I also cannot
exchange the bitcoins for a gift card on a 3rd party web service because none of
them is currently online. Please integrate with bitpay or start accepting bitcoin
payments directly so that I can order from your site.
Interesting, have you dropped your credit cards as well? I have sent similar e-mails to merchants telling them that I am dropping my credit cards and using bitcoins. Maybe I should create a thread so we can coordinate our e-mails to merchants. Edit: Here it is https://bitcointalk.org/index.php?topic=1100748.0 |
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Wow China stock marked just crashed 6%, BTC still not moving down. Let's hope the Chinese use BTC as a safe haven. Oh, the next 48 hours may be critical ™©®
Dow kept downwards too yesterday ( http://money.cnn.com/data/markets/dow/) maybe the markets are incorporating the "GRexit" scenario? Monday will be a HELL of a day if they don't come into an agreement... BTC will surely have to gain, but I don't think this will be imminent. Maybe next week we will see some nice moves. Tuesday is the big day when they need to pay the big IMF payment. If they don't get bailed out they will likely not be able to pay it. |
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Funny thing is during all this accumulation period its just the top 1% of btc owners that are increasing their supply. All the fud, trolls, negativity, etc..., is there too keep the average Joe scared to buy until its too late. Only the real risk takers are fearless enough to keep buying during this downtrend.
Alley, I think that you are correct in some sense that a lot of regular people are being scared away from buying BTC... HOWEVER, I also believe that the news about BTC is getting out in several areas around the world, in places such as Venezuela or Argentina or Greece, in which people are scared to keep their money in the local currency... and some of those people are learning about BTC as a place to put money and to retain some value and to retain some liquidity I tend to encourage those that come up with some excuse or another not to buy bitcoins to not buy bitcoins. I can see Noah building the ark, initially planning to save his whole town. Then after enough of them made fun of him he's like...fuck it, I'm just putting animals and my family on this thing. Hope you can swim assholes. |
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If it's just for trading online, bitquick.co is a lot better. They deposit the cash directly into your account. No reversing that transaction.
I'm not much aware of the service quality of bitquick.co. So, I'll refrain from commenting about that. But, I have read many comments on this forum regarding the bad service provided by bitquick.in, which is the Indian counterpart of bitquick.co. In comparison, 100bit.co.in has given a great service against INR and I, myself, has experienced it. Moreover, bitquick.co or its subsidiaries are not global like LocalBitcoins/100bit.co.in. So, they are not directly comparable either. True, I would only recommend the US version since I got screwed out of 180 euro when I used the SEPA option. My bank called me and claimed that the 180 euro I received was from an account that claimed their account was hacked. Unfortunately I had already sent my bitcoins so there was no way of getting them back. And being in a foreign country there's no way I could work within the system to get it back without a lot of hassle and unwanted meddling into my finances. The US version, someone gets your bank account info, they go to the bank and deposit the money then take a picture of the deposit slip and upload it. Then you wait to see if the funds are in your account and you release the coins. No way to reverse a cash deposit. It's just as good as meeting in person (except the part about involving a bank). |
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If it's just for trading online, bitquick.co is a lot better. They deposit the cash directly into your account. No reversing that transaction.
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I don't understand how it is an alternative to localbitcoins.
I can sell to "Europe"?
Ok...so where do I meet this person who is buying in Europe? Fly to Paris? Rome?
I've already discovered that SEPA transfers are of no use for selling bitcoins. How is this site supposed to work?
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I got suckered into going to one of those "cryptocurrency" conferences expecting to hear some good talks about Bitcoin.
Nope, it was an alt coin conference. From the topics in your list "digital currency", "blockchain technology", "Bitcoin 2.0" it looks like yet another one.
I won't go to any more conferences unless it is a Bitcoin conference.
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Ya...you're not having kids because you feel guilty about being white...sure.
Not because she's ugly.
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he would have cashed out those early bitcoins years ago.
he can't spend his coin because he don't have access to his wallet....i'm pretty sure he have lost his private keys.... the question is....why these bitcoins are dormient for years ? if you had created something that could make you rich , why the hell did not use it ? at least a part of them .... I do not believe that satoshi created everything ' to free , maybe it was not for profit , but when values have risen why not enjoy the money you earn? The only way I could see the NSA/CIA doing it is if they had the director of the operation standing over them ensuring that they deleted the private keys for every mined block, and then had multiple people supervise the destruction of the hard drive where the private key existed (every 10 minutes). Two FBI guys were exposed to private keys worth a lot less and they ended up stealing them. |
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I can't watch the video, what reasons does the guy provide to support his claim that a new world reserve currency will be chosen?
Video just calls it out as fear porn, showing that Dr. Steve Sjuggerud made a similar prediction that was supposed to occur in July 2014 that the US dollar would collapse. Here's his old prediction: Write Down This Date: July 1st, 2014
On this date, U.S. House of Representatives Bill “H.R. 2847” goes into effect. It will usher in the true collapse of the U.S. dollar, and will make millions of Americans poorer, overnight.
Life as we have known it for more than 40 years will essentially cease to exist. Our governments on both the Federal and State level will shut down. Banks will not open. Businesses will at least temporarily shutter their doors. I expect we’ll see martial law, enforced by the U.S. military…
I believe that we as Americans are about to see a major, major collapse in our national monetary system, and our normal way of life. |
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In all reality, CIA/NSA people don't get paid shit. So if he did work for those agencies you can damn well believe that he would have cashed out those early bitcoins years ago.
It is more likely that he worked in the private sector and has previously created something that gave him enough money to enjoy a comfortable life where money is not that big of a deal.
If it was a CIA/NSA project then that would mean multiple people would have access to those private keys. A simple act of writing down the key and sticking it in your shoe would allow you to retire from your shitty paying CIA/NSA job.
Excuse me sir what are you talking about? Don't look at entry level salaries. Those mean nothing. You move up in scale as the years progress. is an average $150k/year + $50k/year addendum to the contract for being on-call & shift duty not enough salary for you? I bet you'd jump at the opportunity. I think what you're referring to is when Dell subcontracts for an agency, they have SLAs (service level agreements) that they're forced to meet, but still pay shit money to employees. The government takes care of its most valued assets. I definitely would not jump at the opportunity, I made more than that last year when I was in Afghanistan and if I were to transfer over to a CIA/NSA position I would likely have the experience for a GS-12 which pays around $80k in my area and that's after almost 20 years of experience. $150k is the GS-15 pay which is the highest you can receive. A GS-15 would be management level, not the guy writing the code and handling the private keys making squat. |
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Are there any official word on the fork yet?
Yes. Menu.  |
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Dollar just gained in value. The EUR/BTC price did not budge.
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"Dr. Steve Sjuggerud" is saying the IMF will announce a new reserve currency on or around October 20th. Just putting that here so that when it does not happen you know to never listen to the guy ever again. https://www.youtube.com/watch?v=5BADgVB8OjI Watch the above video to find out who in this thread reads for content and those that only read the title. |
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Funny, much funny  I have one question though: Why would everyone (or anyone for that matter) in the whole world report capital gains to the U.S. government? Well if you decide not to do it, the IRS will hunt you down and seize your assets. Are you saying it's not necessary to report capital gains in the USA? Elmer Fudge strikes again.  I did not realize that the IRS was a worldwide organization. I wonder if Kim Jong Un gets pissed every time he has to file his US income taxes. |
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In all reality, CIA/NSA people don't get paid shit. So if he did work for those agencies you can damn well believe that he would have cashed out those early bitcoins years ago.
It is more likely that he worked in the private sector and has previously created something that gave him enough money to enjoy a comfortable life where money is not that big of a deal.
If it was a CIA/NSA project then that would mean multiple people would have access to those private keys. A simple act of writing down the key and sticking it in your shoe would allow you to retire from your shitty paying CIA/NSA job.
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If I am an American taxpayer, then I just traded "property" for a small bottle of white glue, and now I have to track and report the "capital gains" on my huge pile of Magic Internet Money, and when America successfully spreads their special form of "freedom" throughout the whole world, then everyone will have to report capital gains for even the smallest transactions, and people will see that Bitcoins are useless, and the world will find great value in the "Blockchain technology", but not BTC as money, and China will finally break Bitcoins' neck with a hard ban, not this "soft ban" that seems to have the worlds largest mining farms growing throughout the Red Empire, and once BTC falls to ZERO you will not be able to get even 20 cents for your "digital gold".
I think I found your problem... |
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