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I got in in 2010. I sold too early (2011 and 2012) and don't have much now. On the other hand, I turned $20 and a little mining into $8000 and I feel pretty good about that. PLaying with bitcoins is fun partly because it is really easy to win. Just hold.
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I say down because there's a huge lot of people who bought at $10ish and is still sitting on huge profits, while seeing how a bubble bursted and may be impatient to cash some fiat... And also because it feels like this last correction to $80 was not the last one, as we have seen in all major speculative bubbles bursts, including the 2011 Bitcoin one. And huge $2M bid wall appearing suddenly on a weekend after a crash seems fishy enough to fuel my speculation All this is not very scientific, I know - but guys following TA seem to agree too  "Cash-out fiat", wondering when will people cash out in BTC When you can buy more things with them. |
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So it projects that the price will top out around $125 and start to fall after that?
It doesn't project anything, it reports what has happened, and what is happening. We haven't reached $125 yet so how do you interpret the significance of the "cliff" at that point? A lot of people have asks in at around $125, and have for some time. |
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I'm going to show them a world without banks. You are now aware that block size was deliberately limited to necessitate the creation of secondary means for storing and making transactions in BTC. There are solutions to that need that do not involve centralized banking. Maybe not central banks, but it will still require banks in the old fashioned sense, if not the same banks that we know today. Mt Gox is essentially a bank. MT Gox is a currency exchange, not a bank. |
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true, noones done beanie babies before, or dot com stocks when it came out, bubble mentality ' noones done this so its going to work', nthis is very entertaining for me, not a question if its going to burst, jsut when
I know what you're thinking, 'cause right now I'm thinking the same thing. Actually, I've been thinking it ever since I got here: Why oh why didn't I mine more Bitcoins? Nkspace is a noob. He is thinking "why I did not buy BTC in 2010?" Who doesn't think this? Me, cause I did buy bitcoins in 2010. I think "why did I sell bitcoins at $15?" and then i answer myself "because my wife told me to" |
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I'm not manipulating anyone, just taking advantage of someone else's manipulation. No guilt at all.
You are a big part of the problem. He stabilizes the system. When manipulator pumps he sells. When manipulator dumps he buys. Less profit for manipulator (as manipulator is without profit/lose he stops doing this) Do you think he has enough bitcoin to affect the manipulator's profits enough to discourage pumping and dumping? no I do not. If I had not sold out when it was at $15 I might. Start with 1 Satoshi. When you make 5 Satoshi try 0.1 btc. You will become confident, or will stop trading. Buy and hold is the best strategy. I still have about 25 BTC. So I have enough to play with, just not enough to actually move the market. |
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I'm not manipulating anyone, just taking advantage of someone else's manipulation. No guilt at all.
You are a big part of the problem. He stabilizes the system. When manipulator pumps he sells. When manipulator dumps he buys. Less profit for manipulator (as manipulator is without profit/lose he stops doing this) Do you think he has enough bitcoin to affect the manipulator's profits enough to discourage pumping and dumping? no I do not. If I had not sold out when it was at $15 I might. |
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I'm not manipulating anyone, just taking advantage of someone else's manipulation. No guilt at all.
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Why do you hope the wall keeps moving up? That just sets the stage for a more dramatic crash.
So I can catch the peak before the crash and then buy in again when it is low. |
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Market moved up, Hopefully the wall will too.
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I read all these threads about PayPal and Bitcoin and can't help but think of the correlation between postal services and email. Yes, Bitcoin is a bit technical to use at this point, just as email was during its infancy. Few people used it partly for that reason and partly because it was an emerging technology. But that will change in time. Bitcoin will continue to emerge and develop into a more user friendly application. Companies like PayPal will have to focus on providing other services. Who uses a postal service to send their email after all?
Postal service is mostly for sending things which are too official for e-mail nowadays, and, of course, shipping goods. |
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Why would the Chinese goveernment alow a show on bitcoin if they are against it? Well, they could do it so people get bitcoin and they can then seize it all...
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I mean that when i filled in the signup form I accidentally put my password in the username field. When i fixed it and took it out it would not let me use that password as my password, still giving an error that username and password were the same.
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I don't see Paypal adopting bitcoin either.
What we really need is an Ebay alternative that uses bitcoins. A lot of people don't like Ebay (myself included) but begrudgingly endure it because they have basically cornered the internet auction market. There is a huge opportunity there.
There used to be a site called bidpond, back at the beginning of bitcoin. Apparently it died. I bet if you set up a bitcoin auction house you could make a lot of money. I might even try doing that. |
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Prediction: $75, actual $113. Only missed it by *that much*
To be fair, check the date of my OP. I thought it would go down between 50-75 on may 3rd. It did hit $79 on May 3rd, about 6 hours after my prediction. All in all I was way closer then most of you think because you all fail to check when the op was posted! And if you would have put in buys at 79, you'd have made money, but I bet you didn't. |
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I don't know what effect hosting in the Netherlands might have. Little, I suspect - to a company with the influence and size of the WSJ. Maybe not.
WSJ can do nothing if this quotation does not violates Dutch copyright law. I think they can if the person posting does so from a US ISP. |
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Yeah, century. This is correct. Paypal and Bitcoin are so different, so they can not cooperate in any way.
Well paypal could be an entry point to bitcoins. Fiat and bitcoin interacts all the time. Paypal could be a middle man managing that interaction. Moreover, they own ebay too, so they would get a free transaction infrastructure supported by all those miners - i.e. everyone. All the bitcoins I have bought were purchased with paypal. Way back when that was how you put money on MTGox. You shoulda seen the panic when Paypal stopped allowing that. |
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overpriced only because a huge percent of bitcoin users don't understand it. not because it's not worth the current value. it jumps up rapidly because people are using only for a short term investment rather than knowing it's future applecations and revolutionary potential.
that's right people are slowly abandoning their short term investment.
Basically the prices are goind up because nobody wants to sell it (thinking that it will be worth 1 million USD by tomorrow morning), and the price is going down when some people are pissed off waiting for nothing ... But the truth is that btc is over-valued right now, because you can't do shit with it. It does not provide any improvement or advantages by using it over fiat. Maybe in the future it will have some improvement, and find a reasonable price. Price also goes down when people need to pay bills and realize their profits or settle for their losses by selling. it's not always due to being pissed about waiting. |
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Why would anyone would like to buy that when it is possible to find it for free on internet?
Because with these two you get to direct them, they'll do a custom photo shoot in poses ro doing activities that you request. That's worth some bitcoin if you have niche desires. |
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Btw, this is the last day when we see $95 EVER, you can quote me on that.  You guys should show him a little more respect, he is a supernode after all. "[...]I am currently buying bitcoins, not much care about the price [...]" Forgive me if the question is absurd, but you've mentioned you were "all in" when the price was somewhere in the 130s. Is there an alternate meaning to "all in" on this forum, and it's possible to continue buying while being "all in"  He bought all the bitcoins, of course. |
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