Frantically desperate. 

When? Yesterday?

 

I don't just post on bullish days. I also post on bearish days, albeit usually just to mock the trolls.

I also realize that not all bears are trolls. Most trolls probably are bears though.

 

LOL

In other words, buy the dips and sell the spikes.

Every time the price drops it's a trollfest. Every time it rises, they STFU.

 

Good morning Bitcoinland.

Up a little overnight I see, but not enough to rain on the teddy trolls' picnic.

Yesterday's dip seems to have gotten them all out from their home at the dump after a period of hibernation.

So predictable. $10 drop and it's the end of Bitcoin all over again. LOL.

Thanks, but I'm done with coffee for today and happy hour is still a couple of hours away.

Guess I'll have to get by on shirak-e-mazar.



We're spoiled here (the legacy of Rochdale College), but I hear you don't have it too bad in Amsterdam either.

 

The beer part is easy. Just go to a bar that accepts Bitcoin.

The weed part is a little more difficult. I don't know any potbrokers who accept bitcoins in real life, just on the internet and that takes days.

 

A late good morning Bitcoinland. Still in the $290s I see.

Last night's little dump attempt pretty much fizzled out and we're almost back where it started.

Poor little bears. Such big dreams of cheap coins and then reality smacks them in the face.

LOL

Just got back from the bar and I see I missed Dumpageddon.

OMG we just fell $6-7 all the way down past $290. It must be the end of Bitcoin. The dead cat pump is done and the normal bear market has taken over for good.

Faiiiiling and Trollchop were right all along. Sell now before it hits single digits or worse. Buy altcoins. Apple stock. Euros. Zimbabwean dollars. Anything except shitcoins.

 

Edit: Oops, I forgot to mention bagholders and cultists.

No fees sounds great, but how do the operators earn any money?

I know that Bitpay offers zero fees to merchants, so obviously it's customers who foot the bill.

Last time I checked, Bitpay's price was the same as the Bitcoinaverage price. How do they manage this?

6 options between $10 and $400 and none over $400?

Do you really expect people to sell their bitcoins within the next year or hold them forever?

I think when (and if) Bitcoin hits 5 digits, many people will sell some just to diversify their assets.

Sometimes I'm tempted but posting pix is much more fun.   

The Great Wall of Bitstamp has become a little curb.

Not quite as exciting as the slaying of Bearwhale in October possibly but just as significant.

Good morning Bitcoinland.

$290 is still holding I see. Maybe today we'll finally get past $300.

Just missed a nice little buy. Still not used to daylight saving time starting so early.

Mmmm, Mocha-Java, full city roast.

The ATM that I use regularly (Bitaccess) does not require ID, just a phone number to which it can send an access code via text message.

You then enter the code into the ATM and you're ready to buy or sell bitcoins. If you don't have a wallet it will create a paper wallet for you, or you can scan the QR code of the public key of the wallet of your choice, be it a paper wallet or a wallet app on a phone or other mobile device.

The price is determined by bitcoinaverage.com +/- a fee for the ATM operators. This fee is usually between 5% and 7.5% depending on the operator.

I've never had a problem with it yet. The main drawback is the fee but if you consider the exchange fee, the cost of transferring fiat via a bank and the time it takes, it's a small price to pay for the convenience and instant service, especially for smaller amounts.

An added bonus is that the transaction is as anonymous as the phone you use to receive the access code. There's a limit of $3000/day per phone number to comply with KYC/AML regulations, but that isn't a problem if you have multiple phones.

Only cash is accepted and dispensed, no credit/debit cards or other plastic.

I hope this helps.

Good morning Bitcoinland.

$290 seems to be holding for now.

After the rises of the last 2 weeks, a day going sideways doesn't hurt.

Calm before the storm?