The only thing that video shows you can buy with bitcoin are "illegal druga"  yes, there are mistakes. but it is "old"... |
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a central bank says it is the sole provider of money. backed by law, backed by government, backed by a lot of economic, political and even military power. so other 'artificial' currencies are backed by ... nothing. well, ok, by the people who use it.  the central banks say one can only trust their own system. to them bitcoin is not trustable. if it is not trustable than it cannot be a severe threat. if they say it is a severe threat, than they admit it is trustable. but they will not want to admit that it is trustable. so why/how outlaw it then? what do you think? |
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U serious?
Outline a scenario, where the following statement would not hold true: "At any point less than $1 million per BTC, in current dollars, enough of the liquid wealth of the world is seeking to buy into bitcoins, to effect a price rise, and thus self-fulfilling the prophecy." Remember, the ones who have fiat, silver, gold, land, services to offer, etc. do have a YES-vote on bitcoin's price. The only ones who possess the NO-vote in their ballot are the ones who hold bitcoins. We number probably something between a million and 5 million now. You and me cannot do much (except to sell all our bitcoins), when the world lines up to buy them. When we have 50 million early adapters, not too far in the future from now, bitcoin will enter into bubble territory as its price has risen faster than its adoption, and it starts to be bounded by the finite size of the Earth, whereas the new adopters mistakenly think they are still early adopters (considering that 99% of the world is not in, that is their reasoning), buy in blindly and with a very short time frame, do not understand the math even if I tell it in highschool terms, think that bitcoin goes to the moon (which it doesn't literally do; its real long-term value is bounded), and lose most of their money to the 1% of us. Then we need to build a new world on that. I wonder what happens to the carrier fleets, will they be converted to 24/7 caribbean cruise ships or what...  Well, what things will end up like in the real world could be anything between the most optimistic/pessimistic visions. well, and isnīt that realy entertaining? we are either going to see a giant growth in value or a giant bubble. or both. again. with some part of your personal wealth stored in btc right now you might just lose this investment. but if you donīt lose, you will win. and the gain will be so breathtaking, that it is very rational to risk some of your wealth right now. sooner or later everyone will come to this conclusion. the ones that did it sooner will profit from the ones that did it later. if one billion parents answer the question: is it reasonable to buy my kid 1000mbtc (or a fraction of it in future higher prices) so this could pay education in a decade or two ? with "yes" than the monetization of btc will explode. why would the parents answer yes? only if they see it rising like it actually did since it was created. everyone with internet access can participate, and will sooner or later. it will be like a value gravity, that sucks in every other commodity. and in the case this is all nonsense, and it will die soon, then there is the next crypto-currency waiting. there is no way around crypto anymore. |
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I want to hire the person that made that thatīs what i thought myself |
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1mBTC (0.147USD at ATH) has reached parity with these mainstream currencies:
1mBTC = 164.06KRW = 13.65JPY = 8.00INR = 4.64RUB = 4.31THB = 1.14HKD
Coming soon:
SEK: 153.90
CNY: 161.23
DKK: 172.38
NOK: 172.50
PLN: 306.36
very nice idea ! parity-watch...  |
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I noticed there are six blank bitcoin addresses ' Bitte Posten oder PN'.
Is anyone else selling shares?
check that thread out, there are plenty of shares getting traded currently. i am not selling any right now. |
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new ath in may 2013.
straight through 500 in july 2013
some clerk pulling the wrong cable at some server in tokyo followed by a minor technical problem which results in a panic sell at 9xx in september 2013. bloodshed.
down to ... hm... below 100.
hopefully i will have some funds at some exchange by then.
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OUCH sums it up...got tired of hearing us at work(3 of us) talk about money(actually at time it was net worth since we hadnt sold any)we made on our BTC holdings...which combined between myslef and 2 others was like maybe 600 btc...so he decided he needed to outdo us all.He listened to my advice and read up on the wiki then went against my advice and got a quickie home equity loan to buy BTC..it was a SURE thing he told his wife..ALL the GEEKS at work are into it..well he bought in around the 8th or 9th and I know he didnt sell cause his wife came down to the job site to berate us for getting her husband into this mess.so yah there is still some real stupid money in BTC.
sheīll be proud of him latest by end of this month. the guy should relax. |
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Thanks for that fun rocket blast up to 135.
Definitely not bearish, but this is going up a little too fast. We're in for an intra-day correction I think, at which time I'll buy back in - hopefully soon!
good luck ! |
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I wouldn't be surprised if it drops substantially after this, it would be a reasonable correction from such a step and fast climb.
you are right: there will be a substancial drop. a substantial jar drop. |
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the btc ship departed. wave to those that waited at the gangway... |
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I like irrational exuberance - people tip generously when they're irrational or exuberant. Both is even better.
Seriously though, we've learnt a lot these last 10 days. There is money flooding back in from panic sellers and new money too.
i expected it to stay calm a little bit. right now only 14 days "lost". |
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PS I am happy to offer 1 BTC for sale for $1000. If you would like to go down in history as the first person to pay this price (which will be in history books for millenia to come as entire planetary systems base their economies on cryptographic currencies) please feel free to respond.
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wtf. If anything makes sense for these guys is to become local BTC/Fiat exchangers. bitcoin already transfers quite easily by itself. wait my friends. present: i need to send money from my bank account around the globe and wait my ass off before the frickin fiat is finally on my goxaccount. half the exchanges donīt make it. the biggest one has "too much success" -- in short: itīs only for enthusiasts, early adopters, fans, nerds, and other lucky bastards right now. with western union: you can just walk over to the wu in your city and get your btc right "over the counter". instantly. the entire business day. if you donīt see how that would change things... everyone could get involved. get ready for the MASSES. good news. +1 |
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we should sue THEM, not simon. yep, we should all sue the german authorities and banks who created this mess. after we are through with them theyīd never touch btc accounts again.
 +1 nice one, admittably |
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Bill 0110010
KILL BITCOIN ACK of 2014
"No bank is allowed to hold funds for bitcoin exchanges."
what will you do?
what will price do?
will you sell your 100BTC bitcoin stach locally for peanuts?
will their be a new way to still be able to trade large amounts online?
the old system banksters are noticing that there is a lot of money to make with/via/on/through bitcoins. that is what they live for, that is their reason to exist. so they will adopt it. use it. milk it. but they will not make it illegal. there is too much money in the game. |
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Bitcoin-24 have had both their bank accounts frozen since last week due to investigations by the German police, and are currently shut down. It seems like European withdrawals/transfers to/from Mtgox have also frozen over the past weeks ( https://bitcointalk.org/index.php?topic=179586.new). There is already some confirmation by both BTC-24 and Mtgox that their lawyers are working together to try to solve this situation (they share the same Polish bank I believe who have frozen accounts despite little evidence). Despite little evidence for wrong doing and the best attempt of the lawyers, there is no clear sign that things will work out. Wanted to give speculators here are heads up since as far as I know Mtgox still haven't publicly admitted to having problems with SEPA transfers, and such a new could affect the price. my sepa transfers via the poland mt gox account went through without any problem last week and this week. the bitcoin24 case (i am german and i have 70 btc on a bitcoin24 account): simon is a 23 year old fellow who had the idea of creating an exchange about 12 months ago. so he did. he used a few accounts in germany and in poland at the same bank, that mtgox is using. a lot of money started to pour in. banks were getting nervous. then, march 2013 ... btc value exploding, mt gox having problems = a ton of customers started to switch to btc24. btc 24, basically a one man show couldnt handle it. things got stuck. banks were really getting nervous. informed the authorities. the authorities started to suspect simon being the head of an epic phishing attack, since there was money pouring on his accounts from all over the world and from all kinds of people. THAT MUST BE CRIME! some idiot customers which money got stuck somewhere did not get any reply by simon about what is happening. with bitcoin on the rise like a rocket they went to the authorities claiming their money must have been stolen. THAT WAS THE EXCUSE the authorities needed to step in. blocking the accounts, search simons home and seize what they can. they think they got some big fish. major newspaper titels: young fraudster runs of with 7 million but: there was nothing stolen. no fraud, no scam. all the information simon gave turned out to be correct so far. nervous customers, halluzinating prosecutors, eager police officers, a kid with not the slightest understanding of public relations and all this in this incredible bitcoin storm of the second half of march. i guess there is a reason why there is a line of mtgox users waiting to get confirmed. on btc24 there was no confirmation necessary. there is no money lost, but it will take months or years to figure it all out. especially with german prosecutors/police being involved. they know nothing but expect the worst. |
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