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Hah, have you seen their rockets? They can't hit shit. Somewhere like Seoul which is only like 35 miles or so from the DMZ should be concerned but there's simply no way they will hit US soil.
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Looks like ATC777 was right on the mark. I wonder if he will get any apologies from the people who said he was nuts
Not at all. It's a) a weekend and b) a long weekend. Come Tuesday the price will no doubt rise again. It's not really a long weekend. I'm assuming you're referring to the US. Good Friday is not a federal holiday and therefore banks are open. |
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Sadly many of the Russian oligarchs and others this "tax" was intended to hit were tipped off and moved funds before the whole fiasco started.
you expected anything else? Nope, par for the course. Still sad for the average Cypriot. |
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So, coming back to bitcoin after at least half a year of forgetting about it. I look on intersango and see that it says that 1 BTC is around £50. I check on MT.Gox and it says the same thing...
When did bitcoin start being worth so much?!?
The last two months. http://bitcoincharts.com/charts/mtgoxUSD#rg360ztgSzm1g10zm2g25zv |
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Sadly many of the Russian oligarchs and others this "tax" was intended to hit were tipped off and moved funds before the whole fiasco started.
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"If you're going to forecast, forecast often."  |
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Anyone else using the widget and it showing "N/A" for MtGox price?
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These southern-tier countries were serial defaulters. By constantly devaluing their currency and multiple sovereign defaults, interest rates in these countries were very high. The Euro provided them with a stable currency and lower interest rates. While this allowed the formerly-poor to achieve a much higher lifestyle, the fact is for the better part of the last 20 years these countries have lived well above their means. Looks like it might be time to pay the piper and it will not be pretty.
Even just for oil consumption the same applies to all the western world, we've all been living way beyond our means. I agree. Some will just be able to kick the can down the road a little longer than others. Cyprus accounts for less than half of one percent of the 17-nation euro economy so they don't hold much clout. The precedent it sets is large but they themselves are miniscule in terms of the global economy. |
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These southern-tier countries were serial defaulters. By constantly devaluing their currency and multiple sovereign defaults, interest rates in these countries were very high. The Euro provided them with a stable currency and lower interest rates. While this allowed the formerly-poor to achieve a much higher lifestyle, the fact is for the better part of the last 20 years these countries have lived well above their means. Looks like it might be time to pay the piper and it will not be pretty.
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Hello,
I have two questions:
1) Will CoinLab subject their Bitcoin holdings to an audit?
2) Will CoinLab keep a 100% reserve on Bitcoin deposits?
As we know, MtGox primarily deals in off-block transactions, which is fine. However, this takes away transparency. If there were a run on MtGox, how can a user be assured their deposits will be available for withdrawal and have not been used as a margin account or equivalent. Thanks.
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Bank can go short when have Bitcoin, If you have no Bitcoin then you cannot selll Bitcoin under market price. Not quite true. For example, all Mt Gox trades take place within their internal database. It is theoretically possible for them to allow a customer to sell bitcoins they don't actually have. The scam could be covered up for a long time unless their customers regularly withdraw their entire Bitcoin balance. If everybody demanded their Bitcoins at the same time it would quickly become apparent if they had sold more bitcoins than they actually had, and the scheme would unravel very quickly. Note that if you have a large BTC balance at Mt Gox you aren't allowed to withdraw it all at once, which is a very good reason to keep your bitcoins in your own wallet instead of theirs. This is a very good and concerning point. I wonder if MtGox has ever had their Bitcoin balance subject to audit or have a clause in their TOS that they will keep a 100% reserve. I doubt it. I think I will bring this up in the Coinlab thread. |
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Wealthy people are usually smart, and smart money is already in. Smart money doesn't buy in at the top, they sell.
The truly wealthy accumulate assets. Income earning assets that either provide positive cash flow or increase in valuation. The 0.1% of the population account for almost 50% of long term capital gains. The wealthy do not day trade or look for tops, they accumulate "stuff" that passively puts more "stuff" in their pockets. |
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I could use a code, thanks.
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Electrum also imports quickly.
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Send me a quote for 1 line in my sig
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Yeah we've seen it time and time again, Gox just simply isn't equipped to handle these types of situations. The only real way to capitalize is to have your bids already in place (maybe set at 10%-20% below market). Anyone place a buy at Coinbase? Curious if those will go through.
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In anticipation of someone trying last week's dumping shenigans once again, I placed a low ball bid ($10 below market value) and have just seen my order fulfilled. Surprised me a little. Still, I expect to make a healthy profit once sanity resumes. I had an old low ball bid fill too. Actually I would have pulled it if I had the chance but whatever, too late now. Maybe me not knowing about this fork until it was too late will turn out to be a good thing. |
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Keep in mind, my strategy is the way it is because I am way down the food chain economically from a lot of you guys. At the current market price I could afford to buy 2 btc / month to hold. If I can change that to 4 btc by being very careful of when I purchase, this is obviously much better. yes?  Dollar cost average. |
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What stops you from "Whoops I got robbed?"
just the 'whoops my reputation is shot' Which isn't worth much. The only way you have even a small chance of getting this to work is by making your information public. While ETF's may only hold paper, they're subject to regulation much more strict than some unknown person on the internet. You're going to have to make everything very transparent, including who you are. Are you willing to do that? |
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Ok, thanks, but what I'm really wondering is, where is the private key stored? It is part of the information that is decrypted when I sign in with my password, right?
If you want to see the private key, click on import/export then click paper wallet. The long string under your bitcoin address is your unencrypted private key. |
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