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I also have BTC-e account but haven't been able to fund it in any way that I consider civilized and trustworthy (except btc, of course, but selling btc for buying btc is not the idea here..)
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Sound like a load of bs I don't want to be found dead near of.
Gold/silver can be easily faked and just 200 things could go wrong, not that great to exchange for btc.
Just please check the credentials of the people you're replying to, FIRST  |
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I would sell them in smallest lots you can deal with if that makes any sense, that way you get your profit and also don't fall for a scam you also won't end up borking the Bitcoin economy too much either if you sell the coins in batches rather than all at once but I think the volume is a lot bigger now so it may well be that the price won't get affected as much by large trades.
Sage pretty much has the right idea as well, it might be a good thing to diversify in precious metals too so your fiat doesn't immediately lose value the second you cash out.
That's the same thing I have thought of. Mt Gox opens you up to the same risks as any other method of exchanging bitcoin so I don't think why people keep thinking you're somehow invulnerable if you sell there. I have the opposite idea, I am searching for ways to buy bitcoin without being scammed. How about I will sell you BTC2000 worth of silver, we can arrange the delivery of goods in Europe? You can select your preferred form of silver from: 90% circulated U.S. coins, or 1oz Canada Maple Leafs. Risto |
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I subscribe to the benevolent manipulator theory. There are some entities with lots of coins, and also some willingness to cash out to buy some real world goodies. The walls are just the right way to unload, because they bring some dampener to the rally (which is good), and enable some new entrant to take big positions (which is good). If all we did was similar to Bitstamp yesterday (no coins to be bought for anything but +5$ over Mt.Gox), the market would not accommodate any bigger investors and we would be in a precarious position if all the expensive coins were bought be the small investors only.
Healthy market = lots of investors, a few big and many small, and everybody having different entry points, expectations and plans.
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10 has never been breached before, should offer a massive support.
My gut tells me that we will go to 3.5'ish after which the selloff abates, following by a dead cat bounce to about 8. That will be a brilliant selling opportunity. (Of course now is even better) |
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the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, Bitcoin=5.4):
Bitcoin: +1243%
Gold: -5%
GPL: -33% silverbox long
Diff: +1248% advantage Bitcoin and Growing
After hearing how you had to drag your precious metals to the dealer in several times, and you bought heavily into bitcoin at $2, I think I don't want to know what kind of wealth you have accumulated  . I am still dreaming of the faraway day I could buy a house with my profits. Congrats man ! Wow, sir (cypherdoc), that is quite a story. |
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Today I bought all coins below $69.90 in Bitstamp when Gox still had that wall (at $68.9x). See what has happened since. The ask volume in Bitstamp is so pathetic that I would cry if it helped! "At least 100 bitcoins needed to $77" F*ck yeah!  At least 100 bitcoins needed to $79. Are we talking about the 2nd biggest exchange, where you can buy $7900 worth of bitcoin and influence price by 2.5%. LOL, this's got to be the top, since the bulls cannot buy any more... LOL; LOL If there is nothing left to buy in stamp, and the f-en gox wont let my money clear I can as well go to sleep. Good night bears, see you tomorrow!! FOr the record: I *canceled* the silvervault partners bitcoin purchase offer, because there is none to buy any more, LOLOL. |
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Thank you, Hal. This is the most touching moment of all that I have encountered on this forum.
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Today I bought all coins below $69.90 in Bitstamp when Gox still had that wall (at $68.9x). See what has happened since. The ask volume in Bitstamp is so pathetic that I would cry if it helped! "At least 100 bitcoins needed to $77" F*ck yeah! At least 100 bitcoins needed to $79. Are we talking about the 2nd biggest exchange, where you can buy $7900 worth of bitcoin and influence price by 2.5%. LOL, this's got to be the top, since the bulls cannot buy any more... |
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Excuse me pointing out the obvious but somebody has to - unless this was the last ever ATH?!
Someone yes, but it's hard for me to believe it's the newbies. And if you noticed, the coin goes up in huge waves => big, weird buy-ins. I have to admit making at least 3 ath:s this year  Buying at the top has become a prestigious honor! Yeah, it does not fall on you every day... Today I bought all coins below $69.90 in Bitstamp when Gox still had that wall (at $68.9x). See what has happened since. The ask volume in Bitstamp is so pathetic that I would cry if it helped! "At least 100 bitcoins needed to $77" F*ck yeah! |
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What if the site did not take care of the BTC at all - I mean if all bets were escrowed with the trusted third party (example: MtGox), which is paid to release the funds after each round. The operator of the site would also need to deposit enough to fully cover all its obligations.
Is there anyone in this world who could be trusted with this much money, without it becoming a risk to the site and its users alike?
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Excuse me pointing out the obvious but somebody has to - unless this was the last ever ATH?!
Someone yes, but it's hard for me to believe it's the newbies. And if you noticed, the coin goes up in huge waves => big, weird buy-ins. I have to admit making at least 3 ath:s this year |
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Have a look at Bitstamp, That is SICK. Europeans are falling over themselves to buy 100 coins at each dollar. Was going for $76 when last checked.. |
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We will see a crash to $120 soon, maybe in early May.
I don't know if this was a typo, but I'll glady take a crash up to $120 in two months. Somehow I dont think we will be waiting two months for $120 to happen. The topping process in $300 takes several days + weeks to get back in $120, so yes - I will stick to my prediction. |
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What the bears don't get is that a lot of people are going cold-bloodedly all in, and the price rise is just a function of how quickly the exchanges can process incoming KYC checks and funds.
You know, $5 million per day IS nothing.
We will see a crash to $120 soon, maybe in early May.
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Tracking numbers sent to everyone who ordered so far. We currently have 5 orders in our first 7 days of operation.
doesn't seem i received a tracking-number. I AM sorry  Shipment was sent long ago. PM:d you the number. |
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1470 - 67 | 11:00 | 69 - 9460
1470 - 67 | 12:00 | 69 - 9160
Not much motion right now, as expected.
Now I lough so hard if all the latest boost in price was people trying to get their money off MtGox fearing US legislation. Anything I overlook that renders this hypothesis wrong?
That can be right, at least it is a possibility. MtGox does allow BTC2,000 to be repatriated per day, but only $10,000. There is a huge gap there, so your only way of cashing out in time is to buy BTC and run.. But it is misinformed anyway, since didn't they say that nobody's existing account information is given to the US Feds (anymore than what's already the case) without the account holder's approval..? |
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Well done, Melbustus.
I would like to add the argument that was instrumental in my "winning" (by popular vote, but it was full of silverbugs anyway, so by looking at the future I lost big time) the debate back then before the first runup:
- In the era of physical elements as money, the laws of physics dictate that only a certain number of elements exist, and the laws of economics dictate that after one gains the highest stocks-to-flows ratio, it is virtually impossible for anything else to surpass it. At least during the known history, gold has overcome all competition and is now 10-100 times more valuable than its nearest competitor, silver.
- In the era of digital elements as money, the laws of economics work as before, rendering it virtually impossible for a new entrant blockchain to gain enough traction. The existing money loves the low inflation of Bitcoin, and it is already in a dominant position. If you offer an alternative with even less inflation (to the theoretical maxim of 100% premined coins), you have hard time convincing anyone to buy your coins. If you offer a linear growth rate in coins, or exponential with a small exponent, or whatever really, the entrants must weigh between entering into Bitcoin with less than 100% lifetime inflation remaining, or to your untested high-inflation coin. There is hardly room in this for anything except pump and dump schemes, barring new invention.
- And THIS is the key. 5 years ago, or even now, for that matter, only a small number of people grasped how a cryptocurrency would work. If it is set to overtake gold in the next 20 years, who knows what the next thing will be. People can invent anything. The Pandora box is opened, and the world will not be the same as in the 1800s any more. If you invested in gold and silver, as they are now in realistic valuations, you have the long-term opportunity of making 0% real return with 100% security of your investment. (The room was full of astute and wealthy people, who understand that any long-term real growth rate above 4% involves huge risk, and that the tax laws are so strict, you will most likely end up losing in real terms, no matter what mainstream investment you buy or forgo buying.) If you buy into a cryptocurrency, in all probability it will be scrapped in the future and the only way you make your money back, is if you do it full time to decide when it is the time to jump off the ship into the next big thing. Cryptocurrencies are fine for extreme speculation but they will not be money in the immediate future. Investing a % of your wealth into speculation is all fine, but they will not threaten gold and silver or be any substitute for them. [Applause.]
No wonder you feel bad. Well, I did diversify some into bitcoin, but most (at the time) did not buy any |
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Thanks, nice work. Tipped.
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new hands look strong enough not to sell anytime soon.
This. For all I know, the ones buying bitcoin now do it for long-term, and do it with a fraction of their wealth. These are strong hands. It would be interesting to see the adaptation of bitcoin expressed as the following way: The total wealth of people who have at least 1% of their total wealth (or $5000, whichever is smaller) in bitcoins.
I venture to think, this might be 100 or 1000 times bigger number now than during the top in 2011. Which means that the current holders command infinity more purchasing power than the holders in 2011. This makes stalling bitcoin's rise with a market operation stupidly difficult. |
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