Hope is the enemy of successful speculation.

...how come the OP did not address my valid concerns? In every other market this would be a clear example of a bubble. Here the problem is supply and demand, which does not warrant a selloff to $10 (those planning to sell have none). Also other bubbles are going to burst eventually, so you still make a profit even if you sell prematurely. Here you lose everything if BTC goes to the moon and you sold.

Isn't it a little bit mean to bash weak hands. The coins need wider circulation, first you sell to the newcomers and then you blame them for selling the coins back to you cheaper.

Shame on you! For how long will the new ones come if theyre treated like this??

Right now I would consider selling the stash at $42. I think there is above-average chance that you can buy it back at $29.

(Don't be greedy and believe the ones that say it's $20 - they themselves will buy at $25 and leave you nothing..)

localbitcoins.com

The aggregate liquidity is not a tad greater if the volume were distributed in 10 exchanges, in fact, quite the opposite.

This is close to what I would regard sensible (absent capital gains tax, that is...)

My gut told that there should be some resistance around $32 because it was the all-time-high for 2 years. That resistance was taken decisively and the price moved up. But it is improbable to go straight up, so a breather is necessary every once in a while.

Now as the uptrend is shaken anyway, is a good chance to go revisit the area between $25-$35 and find support and stability there. As the price is still way above $40, I believe selling now and starting to buy back at $35 and less is a good idea.

My only concern is the opposite scenario. There will need to be a stop loss in place should we go above $52 or so.. to buy back the coins sold if the call was false.

It indeed sucks so bad to be able to sell for +25% more than what the ATH was barely 72 hours ago...

Poor bears, what do they now do w/ their new Audis and Ferraris...

Tipped. Nice site.

I chair the following depository service:
www.silverbank.net

We are currently implementing Bitcoin depository alongside our Silver depository. This will open to the public latest this April. This will be the first old-world financial establishment to offer Bitcoin depository. We have silver accounts and bitcoin accounts that are 100% backed by actual silver in our own vault (no paper, no 3rd parties) and actual bitcoins in paper wallet.

The service will feature direct trading between silver and bitcoin at .25%-.50% fee. This is not possible anywhere else even at much higher cost.

Don't worry that the website looks abandoned, it is under a rehaul right now and will look better next week.

(No this not a 50oz of silver in my jar operation - there is more than 100 000 oz of silver in the vault, which is a real bank vault).

Open to everyone NOT residing in the US, Canada or Japan. Sorry.


Risto Pietilä

Question: Who will accommodate the buying volume from the users of the BTC services?

I bet they will not stop using bitcoin just because the currency's surge is choking... There will need to be about 10000 bitcoins every day for this purpose, and mining is not generating enough. Who will sell?

The lower BTC goes, the more BTC is needed by this segment of users that couldn't care less of the price.

We already know that weak hands have precious few BTC, there was such a howling of the bears all the way from $20 to $49.

Only the informed strong hands can sell (because nobody else has any). Will they outsell each other cold-bloodedly back to $20? IMHO, nah. The buying volume should pick up significantly to make this worth any effort. If I were selling, I would try to sell into strength and into bubble, and loosen the selling when the market is weak. Strong hands are aiming at a BTC thousand times more valuable than today and only selling according to plan.

I personally don't believe their plan is to crash back to $10-$20. I hope around $25-$30 so that I can buy more.

Come on boys. Let's give him a realistic time of (up to) 2 weeks to reply before you declare him bankrupt. This thing has been going on for so long already and no one's life is in danger. Sometimes people are busy, and it seems they are arrogant when replying in haste. But 2 weeks is enough to compose an orderly settlement proposal. I'm sure Coinabul is not willing to lose the majority of his multimilliondollar business over 20 oz of silver!

It seems to me also that the seller needs to reimburse the silver bought. I work as a silver dealer myself and sometimes customers can be a$$es over petty cash, but there is nothing I can do about it. Nothing so far gives the impression that the customer is to blame.

When I was still learning this trade, I once bought 80 tr.oz. of gold from the US to Finland. It is still unclear what happened, but likely a dishonest employee of the seller stole the gold on the way to the post office. As we had a lot of traffic those days, it took 2 months to figure out that a certain number of coins was missing.

It would have been next to impossible for me to sue, but the seller did what he should. He reimbursed all, and his words still echo in my head: "I am sickened by this loss. We worked so hard to get the money. But life goes on."

My clients are always willing to buy. Actually I was searching for a service that would allow global OTC deals in BTC (1 000-100 000 USD per day). The exchanges are too slow to receive funds. I have the funds at hand, and the settlement may be T+3 but who is there to lock-in the price with me now?

I would also like to see a stop-loss that will empty all my fiat accounts in the event of BTC price rising, and buy BTC with them. If enough people would join me, the dollar saga would be over.

Hi all,

How long do you consider it practical to have 100Msatoshi named as the basic unit of the currency?

I believe it would be desirable to start talking in an unit that more closely corresponds the value of fiat currencies, ie. where 1 BTC is in the tune of USD, or somewhat less. This would convey an image of a fluid, rapid-moving, easy-and-cheap-to-use Internet currency. The opposite is the monolithic gold or Berkshire Hathaway share. I believe the former suits Bitcoin better.

And this by just changing the decimal point.

We have to be aware that splits in boom times greatly prolong the boom because the asset does not seem expensive.

Yeah, I also became a millionaire AFTER losing that 20k (and needed to work instead of studying partly because of the debt).

Bitcoin is a mixture for capital preservation, growth and quick access, lol.

No need to be even native. My sister was offered 30 kTHB/mo, which, IIRC, buys you a cool lifestyle.

My plan was to sell 1/5 when that would have recouped my investment. That day is long overdue and I haven't sold a satoshi. Why? There is not much to buy in the market.

It would feel kinda stupid to sell for fiat, and I already have loads of silver and enough gold.

Besides I just today enabled for some of the owners in Silverbank (www.silverbank.net) the opportunity to switch from silver to bitcoins. There is $4M worth of silver there and we believe about 10% would do the switch in 2 months.

Another 3 days of bitcoin supply gobbled up from the market...

If the loan you are taking is entirely repayable from your excess income in about 2 years, then there is no reason not to do it. Except, people tend to be anxious over something they cannot afford. The quality of life may deteriorate if you are among such people.

I heard that in the US people get student loans of up to $100k, and their education does not necessarily give them any edge in the marketplace. That is reckless. I wouldn't do it. Instead I started my business at the age of 20 and have never graduated (32). I also loaned €20k for stock speculation when I was 19 and that was a stupid idea because I did not know what I was doing.

It seems that $6k you're suggesting is quite conservative. Make a business plan for the whole operation in writing, and stick to it. Go for it!