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5601  Economy / Speculation / Re: India on: December 07, 2013, 10:14:56 PM
India will get into bitcoin!!! they work all over the middle east and need to send money home to there family,,, there is only one way to do this, western union!!!!! Bitcoin just needs to be introduced to them. Same as mexico,,, its not long my friends!

But you know , in order to get bitcoins in the middle east or mexico , you will need to go to a bank , or even worse , to WU. =))))))
5602  Economy / Service Discussion / Re: Coinbase is it down now? 8PM EST US. on: December 07, 2013, 10:11:45 PM
Time to panic? I just saw an article where someone bought a Tesla with BTC today!  How can it crash this hard with such good progress being made?

Somebody buy a car with bitcoins , well, you can't really call that good progress to deny the "xx" news that came from China  that nobody really know what they mean.
5603  Economy / Speculation / Re: When do you think the breaks will come on ? on: December 07, 2013, 10:10:02 PM
$453 is the next major support line (after the big correction 11/20)....if that doesn't hold we could go as low as a full retrace to $211.  Shocked


Here are the Fibonacci numbers for this long rally.

High   1242   
      
Low   212   
      
      
L1   0.00%   1242.0    ***Broken***
      
L2   38.20%   848.5     ***Broken***
      
L3   50.00%   727.0     ***Broken***
      
L4   61.80%   605.5    Huh
      
L5   76.40%   455.1
      
L6   100.00%   212.0



Are telling me this guy



Is an expert bitcoin trader???
5604  Economy / Speculation / Re: A dark day in the history of bitcoin..... on: December 07, 2013, 10:08:53 PM
Let us pray........

Done. 10k here we go!!!!!!

Dark? You called this dark day?
Then Bitcoin survived a full Armageddon and the whole Dark Ages  , twice.
5605  Other / Beginners & Help / Re: New Here on: December 07, 2013, 10:07:29 PM
Well my main piece of advice that I am looking for is if I put down 2,500 for a bit coin miner at 50 GH/S will it be profitable at all in the next 3 or 4 months? Then I could just buy a bigger miner.

If you're going to pay 50usd/GH , I suggest you think twice about it.
5606  Economy / Speculation / Re: $100 coming next week on: December 07, 2013, 10:06:11 PM
Can someone explain why someone who calls BTC at $10000 is fine (up 14 times from current price) but someone calling $100 (down 7.25 from current price) is crazy...

Well , rptiella called the 300k price and we all know what he was labeled Smiley
5607  Economy / Speculation / Re: $100 coming next week on: December 07, 2013, 10:05:05 PM
No problem. Naturally, I'm speculating. Doing exactly the same thing as 99% of all BTC holders.

We're just about all equal in our professionalism at this point.

Nope , what you are doing is called spreading FUD.
5608  Economy / Speculation / Re: $100 coming next week on: December 07, 2013, 10:04:24 PM
It will happen. Concern is quickly going to turn into panic.



Price per BTC or mBTC?
5609  Economy / Speculation / Re: India on: December 07, 2013, 10:03:49 PM
India put an exhorbitant tax on importing gold into the country and they have very little native gold. That is partly why gold has gone down in price. The Indians buy a lot of gold during the last 3 months of the year except for this year.

That money has to go somewhere.

What we need right now is a country to rule that bitcoin can be used as a currency. China ruled that bitcoins is gold and see what happened.

At least Bitcoin was recognized by Germany as 'private money'. I'm still waiting for them to adopt the lasw regarding this.
5610  Economy / Speculation / Re: India on: December 07, 2013, 10:02:18 PM
India doesn't have money.

India is at 10th position in terms of GDP above Canada and Australlia, according to World Bank,IMF and UN.

http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)#Lists

http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)_per_capita

And around 140 , by GDP per capita.
Not India is buying coins , people in India.
5611  Economy / Speculation / Re: Bitcoins to crash?? on: December 07, 2013, 10:00:00 PM
For Fuck sake it went to $650 early. It is dropping like no tomorrow. I think China is selling their bitcoins since they can't use them.

What do you mean they can't use them Smiley)

It's not fiat
Companies in China were also banned from pricing things in BTC, i.e. you can't treat it as a real currency in China.  That's why Baidu had to pull Bitcoin acceptance.

Unfortunately while you can still speculate in China it's not going to be able to take off as a viable currency in China because of this stupid ass ruling so until they change their mind it's pretty much prevented what was a very, very, promising start in China.  What we need are Chinese folks who will do what the Bitcoiners here did before congress-lobby the hell out of their politicians to make Bitcoin work.  

People should first understand that the hype was about what could China bring.
Bitcoins weren't even used as a currency , baidu subsidiary got 30 spam transactions in two month , that's all.
The whole picture wasn't affected by the ruling , just dream of what may happen.
5612  Economy / Speculation / Re: Bitcoins to crash?? on: December 07, 2013, 09:57:26 PM
now all you bulls who just panicked selled in the last hour, you got a much bigger problem, just how the fudge do you all get the cash out of Mt Gox's bank account together? answers on postcards.

Do you honestly believe nobody can get cash out of Mtgox?
5613  Economy / Speculation / Re: Calling the end on: December 07, 2013, 09:56:03 PM
Whats the purpose of this threat?

The OP is a person who sows discord on this forum by starting arguments or upsetting people, by posting inflammatory messages, with the deliberate intent of provoking readers into an emotional response.

Isn't that a troll?   Grin

BTC ain't going anywhere any time soon.  Just sit back, buy if you are able, and watch them go back up!


Before replying people should take a look at the yellow thing called "Ignore".
5614  Economy / Speculation / Re: Calling the end on: December 07, 2013, 09:54:40 PM
Feel sorry for the guys with knc miners right now thinking they will pay them self off

Do you at least have a clue about what you're talking?
5615  Other / Beginners & Help / Re: Alt-Coins on: December 07, 2013, 09:53:29 PM
Just wondering, what's the hypest alt-coin right now? :-)

http://coinmarketcap.com/
See the red HYPE?
5616  Bitcoin / Bitcoin Discussion / Re: UPDATE 2-China bars banks from bitcoin transactions on: December 07, 2013, 09:52:40 PM
No.  I want it to continue.  I hope it hits 400.
And immediately after that you will hope it hits 600 Smiley.
5617  Bitcoin / Bitcoin Discussion / Re: Satoshi has how many Bitcoins? on: December 07, 2013, 09:49:35 PM
Has satoshi more bitcoins than there are threads about how many bitcoins satoshi has?
One day there will be more threads about Satoshi's Bitcoins than there are Bitcoins. Roll Eyes
And more threads about who is Satoshi than satoshis:)
5618  Bitcoin / Bitcoin Discussion / Re: The biggest problem with bitcoin is these imcompetent exchanges on: December 07, 2013, 09:48:50 PM
That's why people go to localbitcoins. And a few months ago I considered that place doomed.
5619  Bitcoin / Bitcoin Discussion / Re: Satoshi has how many Bitcoins? on: December 07, 2013, 09:47:04 PM
Has satoshi more bitcoins than there are threads about how many bitcoins satoshi has?
5620  Bitcoin / Bitcoin Discussion / Re: Did China just legalize Bitcoin, clarify regulation, for its free market use? on: December 07, 2013, 09:46:14 PM
Oh crap another thread wasted by somebody trying to argue with AnnoyMint.
ps.
You,  Panda! , out of the way:)
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