This is when I wake up.  Sent funds yesterday and waiting to start buying. Such a crash may send new peers to the door, but I've rode out an 80% drop and several 50% drops. |
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Another consideration may be your accounting strategy. You could generate an address per customer in one business, while an address per transaction makes more sense in another.
I would think a restaurant could work fine with a basic QR at the register. If you do carry-out you may also want to have the address handy on the website. Using just the address like this means employees need little training to transact and are not themselves handling bitcoins. A customer pays to the provided address, the waitress checks a site blockexplorer.com to see the transaction. The wallet itself does not have to be online. It can be sitting in your safe deposit box.
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Is there an advantage to being an accredited investor besides being able to invest in a hedge fund? It's not like you'd want to buy direct shares of a company if you didn't have a lot of money to be able to diversify that way.
Why not? I just think people should be allowed to decide how to invest/waste their own money and that they are responsible for the outcome. |
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Agree with all of those. But would just add "normal people round the world need to use bitcoins to buy stuff" for it to really be valuable. Not sure there is much evidence to support this yet. Hopefully in 2014 when bitcoin ATMs etc spread globally (except countries that ban them)
Yes, that continues to lag other uses of bitcoin. For whatever reason, the market loves speculating with it more than shopping. Maybe the next phase will be speculating then cashing out by purchasing things? "Normal" people I know just say "its so darned hard to get bitcoins". Which is so true. That's why I'm hopeful bitcoin ATM machines will really spur usage. "normal" people are also much more likely to spend bitcoins rather than hoard / speculate. Like if you could just swap back and forth between currencies at the mall. That would be great. You also might be able to create an bitcoin ATM economy with a captive audience. Like say an amusement park, or a resort. At the entrance/exit, patrons could adjust their holding as they like. |
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IMO, the banks from worldwide will ban all the Bitcoin exchangers soon(in the following months). I recommend you to sell your Bitcoin now. The rate should go down fast.
If I had a dollar for every time I ignored that kind of advice... Oh wait, I do. Because of the ignoring thing. Thanks, but no thanks. |
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Agree with all of those. But would just add "normal people round the world need to use bitcoins to buy stuff" for it to really be valuable. Not sure there is much evidence to support this yet. Hopefully in 2014 when bitcoin ATMs etc spread globally (except countries that ban them)
Yes, that continues to lag other uses of bitcoin. For whatever reason, the market loves speculating with it more than shopping. Maybe the next phase will be speculating then cashing out by purchasing things? |
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Coins are on sale from my perspectiveBitcoin has not been hacked Current inflation rate is stable (at the ever decreasing rate of creation) Bitcoin protocol remains robust Technology challenges appear to have viable solutions Ecosystem continues to grow with new developers, exchanges, miners, shop owners, investors, and media pundits increasing in numbers Difficulty keeps growing Passionate Bitlievers remain focused What is not to love about Bitcoin and it's future?
That's how I think about it. What are the fundamentals from which bitcoin derives it's value? Have any of those things changed? |
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I would love to invest in a wave powered miner. Perhaps I could not only generate free electricity, but avoid regulation in international waters. The problem is connecting to a fast connection. Unless I put it in the North Atlantic so that I can jack into the TransAtlantic cable with my Leatherman's tool.  |
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Hi all and welcome.  You can star asking questions or posting content right away in this section. Remember, you are posting now. mhk, did you have a question? |
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Actually BTC DOSE have a Central Banker, it is just a mindless unresponsive piece of code that is executing a programmed exponentially decreasing mining schedule that Satoshi created years ago. Yet a bunch of silly libertarians have convinced themselves that living under the economic dictates of a mindless machine central banker is better then under that of any human. How anyone claiming to be a believer in individual liberty and the free market would submit to a system which ignores the market, ignores all economic activity and ignores all human wishes is beyond absurd, it show that the so-called libertarian in America is a stooge and knows nor cares for anything resembling liberty.
He is in fact a slave at heart and yearns only for the tyrannical.
Or they could just trust math more than humans? I know I do. |
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Oh certainly. Without Communists, capitalism is dead.  |
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OMG two charts!  I would not panic if he only had one chart, but two, this changes all the facts!!! |
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I'm holding ... who needs China No kidding. A few months ago we didn't know there were Chinese bitcoiners. |
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Don't worry about the little guy, he won't buy in until after 10k anyway! When he realizes he could have paid the house off if he would have just bought 10 bitcoins at 1k. Then he will dump his whole 401k into it! Realized losses are the worst losses! Why do you think its so hard to even buy bitcoin? If it is to succeed, The big dogs can't be having all these rich little dogs fucking with their status quo, trying to be members that their establishments and clubs. The same reason why you need 25k to be an accredited investor or 6m+ in account holdings to be offered pre IPO stock. They don't want you in the club! So stay strong and Hold on tight!
You bring up a little discussed but important aspect of bitcoin. Anyone can compete with the big banks using bitcoin. All other investments have long ago been gamed by big players. As you mention, the criteria for being an "accredited" investor is insulting and shameless. You just have to be rich, that's all. You need to have a net worth of over 1 million and make $200k+ per year. The stated reason for this is that the "little man" simply is not smart enough to handle investing and must be helped to invest by banks. Whereas a rich person is obviously naturally intelligent. It sounds like satire, but this is the reason why you poor people are not allowed to invest for yourself. Bitcoin destroys this and allows anyone to enter the market at the level they can afford. |
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I like the 1 oz. platinum bars you have, but do you ever have the 10 oz. size? I'm excitedly waiting on a gold bar from you guys. Next I think I will maintain some position in platinum.
P.S. Thanks for taking bitcoins! That is the reason you have received my business.
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Huh  Some of the reasons why bitcoin will fail are the very same reasons I use it. |
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I would not call any of this speculation "analysis". It is guessing. But hey, some times guessing works ok.
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13 terrorist bloodlines of the terrorist organization Illuminati now house training little children to accept Big Corporations (own by Illuminati) as a part of their daily life. http://www.youtube.com/watch?v=3J82EKMvpLoSo, I got you. Illuminati is worse because they only grab "little children" while " American Patriots Militia Group" are not as bad because at least they appear to be waiting until children get to be 18 before grabbing them. Historically the Illuminati were a secret society of people who fought entrenched power and superstitious beliefs. So, why are they worshiping the devil now, a devil they do not believe is real? At least that is what they were saying in the 1700's, when they existed. |
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Ok on this advice I sold all my coins for $150. Thanks for the heads up. |
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UPDATE:
well I finally got around to checking prices at the Obama care website. I did find a better plan for less money, about $200/month better. I'm buying it tonight. So even though the website exploded on the launchpad, it did save me a lot of money.
Ooops - looks like you are joining the Communist hordes then! Like all good communists, I did it to increase my personal income and fund business ventures. I deleted my trollish reply  Congratulations on getting good insurance. lol, no problem man. You have been in my cool book since way back. |
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