Article in the NYT today about how the government is making international transfers so difficult for banks that they are simply no longer doing them: http://dealbook.nytimes.com/2014/07/06/immigrants-from-latin-america-and-africa-squeezed-as-banks-curtail-international-money-transfers/Another reason for people to start using BTC. As more and more merchants accept BTC, hopefully people can leave the USD further and further behind. Get paid in USD, convert to BTC, send home, family spends BTC directly on everything they need. Given the rampant inflation in South America, hopefully soon the local supermarkets will start accepting proper hard currency instead of toilet paper that may not be worth anything in a months time!! |
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Just had to buy my girlfriend a 128gb card to boost her macbook air storage. Used ebay and paypal ( newegg doesn't let Australians use bitcoins yet  ) Paypal fees are one thing, their exchange rates are another. Currently it is 0.944. Paypal gave me 0.91. So another 4 bucks on top of the fees. Bitcoin may not yet be better for lots of US customers, as you don't save anything and it can be a bit of a hassle, but for the rest of us poor shmucks around the world, getting rid of exchange rate ripoffs is a big fucking deal. I'm planning on buying a new Thinkpad this year, at those kind of rates it would be $75 dollars worth of exchange rate rip off!! U can buy this acer with bitcoins: http://devcoinauctions.com/blog/auction/acer-aspire-s7-191-73534g25aws-ultrabook/Ofcourse you can buy at retail using buy it now or you can buy using bids to try to buy cheaper. I have an unhealthy attachment with my thinkpad keyboard. Love the 16:10 screen on the gf's macbook compared to my 16:9, but i code all day, and nothing beats the thinkpad keyboard. |
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should add i bought the macbook from CoinsforTech. Awesome service.
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Just had to buy my girlfriend a 128gb card to boost her macbook air storage. Used ebay and paypal ( newegg doesn't let Australians use bitcoins yet  ) Paypal fees are one thing, their exchange rates are another. Currently it is 0.944. Paypal gave me 0.91. So another 4 bucks on top of the fees. Bitcoin may not yet be better for lots of US customers, as you don't save anything and it can be a bit of a hassle, but for the rest of us poor shmucks around the world, getting rid of exchange rate ripoffs is a big fucking deal. I'm planning on buying a new Thinkpad this year, at those kind of rates it would be $75 dollars worth of exchange rate rip off!! Given electronics / software cost us Aussies between 20 - 50% more on average than in the US, being able to purchase from overseas and use bitcoin to avoid the exchange rate issues, it really is only a matter of time before everyone starts using it. Speculation is one thing. Saving money is another. Feeling pissed off over getting ripped off is the biggest motivator i have found yet!! p.s. bought the macbook from CoinsForTech. Awesome service. |
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Just had to buy my girlfriend a 128gb card to boost her macbook air storage. Used ebay and paypal ( newegg doesn't let Australians use bitcoins yet ) Paypal fees are one thing, their exchange rates are another. Currently it is 0.944. Paypal gave me 0.91. So another 4 bucks on top of the fees. Bitcoin may not yet be better for lots of US customers, as you don't save anything and it can be a bit of a hassle, but for the rest of us poor shmucks around the world, getting rid of exchange rate ripoffs is a big fucking deal. I'm planning on buying a new Thinkpad this year, at those kind of rates it would be $75 dollars worth of exchange rate rip off!! |
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There will be a day.. when the price has stagnated for too long, and a hacker who stole the mtgox coins (or some other hacker/scammer/drug dealer from the past, for that matter), feels that this is as good as it gets, and then he starts to dump his coins. And this in turn will invite all the other past criminals to dump their coins because they don't want to lose their promised wealth.
Most of the bitcoin cultists don't understand the psychology of criminals. They usually don't think long-term and they go after quick fixes. I highly doubt it that many of them are as fanatical about bitcoin as the people here are. The only reason why they haven't dumped their coins yet, is that there is hope that the price will rise more. This has made bitcoin into an asset, that's value has to be constantly rising or else it will face doom.
Your assuming the coins got hacked to begin with I consider it naive to think that the coins just got lost and isn't controlled by someone. The lack of interest, that the bitcoin market shows towards finding out what happened to those coins, shows how immature the market really is. I think they got stolen by Mark  Anyway, if criminals were that short-term, wouldn't they have dumped them before the collapse happened? They would have got the highest price possible for them at the point I'm also not ruling out of the chance, that the coins were stolen by Karpeles & accomplishes. As long as there is hope in the general sentiment, then there won't be a big dump coming. I meant short-term more in the context of this forum, where most believe that bitcoin will be used for hundreds of years, and who are ready to go down with the ship, sort of speaking. The loud cultists and lobbyists are giving hope that the price will rise, because the price hasn't stagnated for too long. If the cultists will start to have doubts, then the end is nigh. And I don't think that the end will come in the coming months. Before the end happens, bitcoin has to fail in Wall Street, because WS is the main pilar of hope right now. As long as there is hope that simpleton billionaires will start to buy up bitcoin, then the criminals are also on hold with their coins. lol...."simpleton billionaires" "Stupid criminals"....lol.....pretty sure every single billionaire and probably most criminals are a lot smarter than you are. "Most of the bitcoin cultists don't understand the psychology of criminals."..... but you do right? You have a deep understanding, dammit you understand them better than they understand themselves don't you? It's because you are so smart right? And the only reason you are still poor, still wasting your time trolling blogs in your parents basement, is because you have been unlucky right? The world is full of morons who just don't understand the deep insights you have to offer. One day, everyone will acknowledge your brilliance, because you just know how much smarter than everyone else you are. And the fact that you are a broke loser does not at all change that fact. I get it. Could you please tell me some more of your brilliant insights into the criminal mind? Please? Oh and thank you for coming here and so brilliantly pointing out all we had missed. What would we do without you? Actually you can do it later, i think i hear mummy telling you to clean your room. |
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$800 by the end of June
Can i get a amen confirm?
Not out of the question  |
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$800 by the end of June
Can i get a amen confirm?
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apologies if this has already been asked and answered, but will we know what the coins have sold for on the 27th? I didn't think such things were reported?
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Don't post very often guys, but been around for a while, got most of my coins in the 80 -120 bracket. Because of that i have pretty much just hodl through a few of the ups and downs and never had to worry about losing money cause it has rarely dropped below that whilst i have owned. Knew it was a bubble late last year but just didnt want to sell at gox where i had an account, and was just too lazy to set up stamp, so i have just kept hodling though the up and down.
Just wanted to say it feels a lot like it did when it was in the 120 -150 range for a while, before exploding to 1000. Occasionally i have doubts cause my coins are worth a reasonable chunk of change and it would suck to lose my bitcoin nest egg, but i have to say, from a rational perspective, bitcoin has lot more going for it now than it did 12 months ago.
Trade if you think you are smart AND lucky. Otherwise buy, hold, and look forward to the future!!
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2 weeks ago I posted that there is a risk for a retest of 350, but that afterwards we would have 7 upweeks until 650 in the end of June.
Well the first part never materialized, but the second one is doing well. If we adjust the low point to 420, it would mean about 800 in the end of June.
Bitcoin typically surprises with its speed. Many months ago people calculated that July would be the time to make a new top, but many have renounced those predictions since, because the downtrend was so terrible. We have 9-10 weeks until the end of July, and Bitcoin is very capable of rising to $5/mBTC in that time.
It is also possible that we see some stabilization at a certain sub-ATH level. What I don't believe, however, is that we will see prolonged corrections from the trend high point. Typically the corrections in an uptrend are short. Flashcrashes that are instantly bought back are a feature that we are in a solid uptrend.
The sell zone trigger price in 2014-7-31 is $5.2-$5.8.
SlipperySlopes model would suggest sell price would be more around 3.2 - 4.0? |
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i guess i'm in the minority in that i find apple's o/s to be counter-intuitive. it slows me down using it. on the other hand, i still fucking hate windows 8 on my laptop.. so damn annoying how the metro screen accidentally pops up, and how i have to resort to a third party software to have a start button.
Why do you need a start button? I hated 8 in the beginning but would never go back now. Instead of using mouse to find programs/functions in start menu, you just hit windows button, type first 2 or 3 letters of program and hit enter....and program starts. Plus search is way quicker than any other windows/mac/linux ever. People just seem to hate change. I code using ubuntu cause for c/c++ its just better, but it suxs as an operating system. And lets face it, if you are worried about the NSA, use TAILS or give up. |
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Macbook has arrived!!!
Thanks guys, other than a hiccup with TOLL where they did not update tracking for days, the process was super smooth!!
Thanks very much, will definitely use you guys again!!
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Getting a bit worried about my order.
Ordered a macbook on the 7th, got a shipping number on the 11th. Shipping number does not show up at all on TOLL tracking page, so i called them, gave them my name, address and tracking number. They say tracking number does not exist, and no parcels have been sent to either my name or address, and they only way for that to happen is if item has not been sent?
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So what's the general consensus here guys?
Will gox resume USD withdrawals in a week, or will the "extend the deadline"?
Will gox ever resume them, or is there excuse BS, and they are being regulated out of existance?
If they resume, what will happen to the price?
If they don't, what will happen?
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I very much doubt gox is in financial troubles, or are going to close down. They should have a shit load of money, and it's not like their business is that expensive to run. I get that people don't like one exchange having that much power over BTC, but it is that way for a reason.
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yup gold just keeps going down, think i will just keep buying all the way down though. BTC is more useful than gold, but gold has 5000 years of history behind it. Both kick the sh*t out of the US dollar though, and it helps to have a hedge i think. At some point, when the world economy goes tits up, as it surely must, i think BTC will be valuable, but i KNOW gold will be. Plus it's hard to spend, so it stops me buying stupid shit, an affliction i have been cursed with at times........although i do want that surface pro....hmmmmmmmmmm.....hurry up haswell
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