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5821  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 09, 2015, 11:15:48 AM
The price is too low.

Like this lady's lips:
5822  Bitcoin / Bitcoin Discussion / Re: Why is BTC dev non-existent? on: January 09, 2015, 11:05:37 AM
5823  Other / Politics & Society / Re: Canadian House Prices on: January 09, 2015, 10:37:11 AM
If you get a leader in there that wants to bring value back to the CAD, they will raise interest rates.

Reagan did this in the early 80s raising interest to almost 20%. It brought a shock to the economy at first but ended with a better economy overall.

Im sorry, but are you claiming Reagan made the US economy better?
Im just trying to make sure my eyes are reading that correctly...

I guess not so much better as the second half of the 80s the economy did fairly well. His first years brought on a lot of economic insanity and I believe a lot of it has to do with trying to get the dollar back after the Carter years. I am not a big fan of Reagan's huge deficit spending though.

5824  Bitcoin / Bitcoin Discussion / Re: Started getting paid 100% in Bitcoin starting with my last paycheck on: January 09, 2015, 10:17:31 AM
Whats the first thing you bought with your bitcoin paycheck?

I spend bitcoins all the time, it's like pulling out a credit card by now. The first thing after my last paycheck was probably a plane ticket to London for the London expo using cheapair.com
5825  Bitcoin / Bitcoin Discussion / Re: Started getting paid 100% in Bitcoin starting with my last paycheck on: January 09, 2015, 10:12:24 AM
Congratulations Elwar! You're the most ardent BTC's fan I know.
If there were thousands like you, price of BTC would quickly jump back above $1,000.

One little question about bitwage: are they fast? How long does it take between the moment your employer pays them and you get the money in your wallet?

It is very fast. My company sends out the payroll on Thursday and I usually get paid on Friday, but looking at my e-mail, the first check showed going through on Friday my second check showed it going through on Thursday. Some of my co-workers use USAA so they get paid on Thursday, most regular banks have always given me a delay.

If you are looking for a better estimate I will pay closer attention to the time next paycheck.
5826  Economy / Speculation / Re: Bitcoin long term linear trend on: January 09, 2015, 09:35:29 AM
Updated the chart.

Looks like we were close to the linear price (between halvings) until the BitStamp crash.

I am confident it will return eventually.
5827  Bitcoin / Meetups / Re: Bitcoin Expo 2015 will take place in Jan in London on: January 09, 2015, 09:09:44 AM
Is this the address?
117 Wallis Road, Hackney Wick, Hackney, London E9 5LN

It is different from the location I saw on one of the maps for conferences.

I would rather get a hotel near the expo.
5828  Economy / Speculation / Re: What is the next major support if $266 breaks? on: January 09, 2015, 09:06:52 AM
But you will agree that if it hits ten bucks or a buck or some such insane retrace it will have proven a failure?

The only way it is proven a failure is if it is not accepted and not mined.

No matter the price, I still get paid in bitcoins and can spend it for flights, hotels, Amazon purchases, I can trade for euros via localbitcoins to pay my rent and for food.

I will not worry until those things start to go away.
5829  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 09, 2015, 09:02:50 AM
any OTC market in coins held on BitSwamp yet?

50 cents on the dollar? what's the discount for swamp coins I wonder?

I think MtGox was still up when they were doing that, you just couldn't get your coins or cash out. They were using MtGox points/rewards/whichever to transfer the funds.
5830  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 09, 2015, 08:59:42 AM
There seems to have been many tempting opportunites to have lost your shirt along the way here. I wonder if I would have fallen in with that Pirateat40 guy and lost mine. Or pre-ordered hardware that never paid off. It was a jungle in here Undecided

I think with Pirate he had a thread like so many you see "I have a way to make you money, give me your bitcoins". The only people who made any money on that were taking such a huge risk by being the initial people to give him bitcoins. Then as they started getting returns they verified that it was "legitimate" and others started sending him their bitcoins. Those first people are probably the only ones that didn't lose their shirts. By the time it seemed "safe" (because of so many claiming they were getting what they were promised) the money was gone.

5831  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 09, 2015, 08:42:21 AM
Quote
The @bitstamp team is working around the clock to restore services to customers as soon as possible. More to do, but testing is going well.

still waiting

I was just reading an old thread about people selling IOU's for coins stuck in MtGox. It was ugly...

I almost jumped on that, the return was very tempting. I think like 10:1
5832  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 09, 2015, 08:15:26 AM
5833  Economy / Speculation / Re: 100.000$ investment on: January 08, 2015, 11:13:55 PM
Yet another thread where someone asks a question. The question is answered in the first page, the OP is never heard from again.
5834  Other / Politics & Society / Re: Canadian House Prices on: January 08, 2015, 07:56:21 PM
Exact same thing happened in the US from 2005 to 2009. Prices did not continue to go up.

How many years have Canada's housing boom been going on?
5835  Bitcoin / Bitcoin Discussion / Re: is the only point of bitcoin drugs?? on: January 08, 2015, 07:34:08 PM
I recall a similar debate when Bittorrent got started.

There were several people who would not use it because it was being used to send child porn.

Bittorrent is still going so I guess it was not boycotted by everyone.
5836  Economy / Speculation / Re: 100.000$ investment on: January 08, 2015, 07:27:42 PM
It's people and investments like these that will drive the bitcoin price up guys so yes he should invest. If more people followed this advice bitcoin wouldn't be so low right now.

Nah, just another weak hand that when his investment goes up to $120k and starts to fall he drops Bitcoin and goes back to his notes.

That is not of any use to Bitcoin.

If he has 100k and he does not want to lose his money when the dollar crashes or if he is tired of supporting wars and violence, then I would say convert it all to bitcoins and never look back. But the 6 to 12 month thing kinda gave him away.
5837  Economy / Speculation / Re: It would seem fallin was right.. on: January 08, 2015, 06:50:39 PM
5838  Economy / Speculation / Re: 100.000$ investment on: January 08, 2015, 04:12:17 PM
Hello people, I got a really important question(s), is it worth to invest my $100k into bitcoins now? I am planning to let them for 6-12 months, would I get any profit on it? Tell me honestly, thank you.

Profit in what? If you want more fiat out of Bitcoin then you may want to just stick with fiat instead.
5839  Other / Politics & Society / Re: Canadian House Prices on: January 08, 2015, 04:08:39 PM
If you get a leader in there that wants to bring value back to the CAD, they will raise interest rates.

Reagan did this in the early 80s raising interest to almost 20%. It brought a shock to the economy at first but ended with a better economy overall.
5840  Bitcoin / Bitcoin Discussion / Re: Started getting paid 100% in Bitcoin starting with my last paycheck on: January 08, 2015, 04:06:23 PM
Actually, for me it is fairly different. I live overseas so I do not pay income tax up to my first $100k of income. I live in Germany where Capital gains on bitcoins is zero after a year. So I can buy and hold all year with these coins and spend my other coins. Simple enough to keep track of with one address for income. I can just change addresses in a year and start spending this income.

If you are a U.S. citizen, you must pay capital gains at the U.S. rate.

Yes, as long as I follow the same process of FIFO or LIFO.  I think LIFO makes it easier for keeping close to the price I paid when I spend.
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