Don't judge adoption by retail, but rather by infrastructure development.

2 years of nothing? The first BTC ATMs didn't start appearing until well under 2 years ago. Now I have multiple ATMs within walking distance of my home with competing prices.

Venture capital has been rolling in for the last 2 years. Don't expect any of that to make any real impact for several years. It takes time to start up a new venture, especially when there are regulatory bodies to deal with. Jumping through legal hoops can add years to startup time.

Rome wasn't built in a day and neither will be Bitcoin's infrastructure. Give it time. Leave the impatience to the bears.  

Supply versus demand. The supply of bitcoins is limited. The demand will grow.


For years gold was $35/oz. It could certainly go a lot higher than $1100.

Some people just don't get it, will never get it.

It's still up for me.

There's something reassuring about that image.

Why do I imagine a Sybian?  

Me too. I guess they were right, just a glitch.

Hopefully they'll start showing on the various trackers soon. I see they are.

It would be nice to see BTCE up again soon too.

It might shut the trolls/sox up a little. The way they're farting you'd think we'd dropped $20.

One of the newer ones is particularly ridiculous. It can't even spell it's own name or the word "optimist" right and yet projects an air of pseudo-erudite intellectual superiority. Kids nowadays. LOL

I just checked Finex's Twitter and they posted this:

"We had an issue while rolling out an update, we're working to get the site back up ASAP. Sorry for the inconvenience."

Hopefully it's just a technical glitch.

Good morning Bitcoinland.

Still in the $270s I see, pretty much where we were before the weekend.

I'd yawn and go back to bed except the Bitfinex situation is en eye opener.

When I try their site I get an immediate 502 error so I assume it's a DDOS attack.

I'm surprised more is not being said about it here.

Good morning Bitcoinland.

Still scrapping over $280 I see. As sideways as it gets.

The last few weekends have seen movements. Will this one be dead flat?

See what coming? The fairly steady rise from $220 to $278 in the last month and a half?

Yes, there was a little bit of a freakout last weekend due to over-reaction to the Greek crisis, but that has corrected itself and we seem to be back where we should be.

Good morning Bitcoinland.

Still in the $270s I see. Hopefully this little correction is done and we can continue on our way back up.

Let's get this back over $280 before some annoying troll/sock starts posting Wile E. Coyote GIFs.

First it has to break $270.

You think this little dip back to where we were a week ago is a downtrend?

I think of it as a correction for last weekend's over-exuberance.

Maybe it will go even lower, in which case I'll buy more, but I'm happy to have gotten in while the price was down to $275.

I think it's more likely to go up from here.

Good afternoon Bitcoinland. Missed checking in at the crack of noon today because I finally got the buying opportunity I've been so patiently waiting for and jumped on it.

Still higher than we were a week ago but not by much. If it dips a bit more, I'll buy more.
________

For anyone else here in Toronto, I'm happy to say that the new BTC ATM at 20 Camden St. in Toronto is a winner.

It's just around the corner from Decentral, requires no ID, not even a cellphone, has a nice intuitive interface and only charges 4%, compared to most other local ATMs which often charge 9%.

Anthony at Decentral just raised his rate again, this time from 7.5% to 9% and it didn't seem to faze him when I mentioned his neighbor's rate. When they charged 5% it was just about as cheap as an exchange considering deposit expenses and commission.
7.5% was pushing it. 9% is intolerable. I guess Decentral is getting lots of business and wants to maximize its profit, but I'll go with the cheap competitor. Gotta love competition.

What I meant was that I try to time my buys to significant price dips and we hadn't had one since the start of June until it dropped over $25 on Monday. Unfortunately I was out in the bush at the time and couldn't take advantage. The price quickly regained half of what it had lost.

When I saw it drop sharply to below $285 while I was on my way back into town tonight I thought maybe I'd get another chance. Then  I saw it immediately bounce back into the mid-$290s. I realized that this wasn't the time.

I'm not much of a daytrader. I haven't sold any coins in over 2 years. I buy the dips and hoard my coins. Hopefully by the time I need to sell any coins I'll just spend them on goods and services.

Well, so much for buying the dip.

I'm on my way back to the city at the moment and I just checked in to see a wee dip.

Maybe this will last until morning so I can buy a few more coins before the price goes up again.

It's not much of a dip but having missed out on Monday's dip, it's better than nothing.

It's been a month and a half since I bought any coins and I/m looking forward to trying the new cheaper BTC ATM around the corner from Decentral.

Don't think I haven't thought of it.

There are several reasons why I haven't, primarily a lack of direct sunlight due to a thick tree canopy, and the constant risk of theft and vandalism when I'm not here.

I can't leave anything of value that an adult would steal or a child would vandalize. I had to replace all my smashed glass windows with Lexan MR-10 years ago and I'm on my third CRT monitor. I can't believe someone actually stole one. The other was smashed with my splitting maul.

My Honda and my Stihl have luckily escaped vandalism so far (touch wood). They're secured with locks that would require cordless abrasive disc grinders to cut and having my name scribed deeply into every surface (including the engine blocks) presumably keeps adult thieves at bay.

Civilization is a thin veneer and when you get far enough away from watchful eyes it disappears completely. I've also considered various monitoring systems but haven't found a suitable one yet.Hidden battery-powered motion-detecting spy cams with large SDXC storage are my closest try so far.

It's a constant battle.

That's a big if.

Discussions are multilateral. Trolling is a one-way street.

Good morning Bitcoinland.

Still going sideways in the $290 range I see.

How long do we wait for the next leg up? Hopefully not another week.

It's a double coffee morning but last night's rains are gone, the woods are shining and the birds are chirping. Life is good.

C'mon, somebody market buy a few thousand coins and wake this thing up.

Good morning Bitcoinland.

I see that yesterday's little post-Grexit panic dump is a thing of the past and we're back to the slow steady grind upward.

Pretty much sideways in the $290s but with the lean in the right direction.

Let's see if the price rises when the banks open in Greece. Obviously the Greeks have all kinds of motivation to get their money out of the banks and into Bitcoin but can't do it with their funds frozen.

As for those in other countries with shaky economies who fueled this recent rally there is no reason for them to stop protecting their wealth by getting it out of the banks.

Interesting times indeed.