 Once again, search proving itself a leading indicator. That last big bump up was last Thursday (think wire transfer lag time). |
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Oh snap. 1162BTC buy! Not a small chuck of change!!!
haha. a few weeks ago we were pissing these numbers. |
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I think it's the beginning of last leg - vertical one. Could go like that for several days...
Yepp BFL is about to release... a statement about a release. I lol'd |
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Falling rapidly, how low will it go ?
Would anyone even place an order now ?
broke trending channel... this goes under $100 soon. Good luck with that lol. |
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Okay, so I guess, dumping plan failed, let's put up a little wall for bluffing?  Could be Nemesis, he did say he was buying again. Could be using the wall to keep it down in order to load up some more. FYI when he says hes buying, hes selling. |
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My backgrounds aren't refreshing  Is there a setting somewhere? I'm on Firefox. They just do it whenever. $150 should be as good as the Joker one. I'm staying up for that. Not on chrome =/ Cant figure out why. |
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btw, what is the mtgox lag record? 8minutes?
GL trying to daytrade this asshole. |
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I have to say, this is no longer fun. Now I'm living in real perpetual fear. Heck even litecoin is at $4, I used to have tens of thousands of those before I sold for what I thought was a good deal at an embarrassingly low number. Now I'm looking at my bitcoin paper wallets that I have at home and suddenly I feel like I'm holding a suitcase of treasury notes and I'm scared to death about it. Not to mention being paranoid of hitting my head, getting brain damage and forgetting my "brain wallet".
Seriously- if it could just stay level for a couple days I could feel better about all this. I got on the boat thinking we would all slowly sail to the crypto new world, but instead we're on the Millenium Falcon and Chewie's pumping the gas till the stars start streaking by.
LOL. I feel the same way. I've opted for paper wallets as they are easier to deal with in the case of something happening to me. |
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Sup with buying up to exact amounts ($130 first, then $140)? Someone is having a little fun tonight.
Thats where the walls are.. |
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+1 what hyphymikey said
If your plan is to flip bitcoins for a short-term USD profit you will get eaten
But if your plan is to hold bitcoins and use them to pay businesses, you will come out on top
Dude I'm close to paying off my mortgage!!! my only two concerns are: * When do I take my profits. (at one point I must take some profits, I haven't ever since I started mining and buying I haven't sold a single BTC)! * How to avoid getting taxed like crazy when I transfer fiat back to my account. I still havent covered my basis. I keep telling myself that I will soon, but never do (for better or worse). I've been struggling with the tax issue as well and from what I gather it seems far too risky to attempt anything if it hits your account. Only off exchange is worth it. |
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I don't want to take someone else's money, I want to pay regular stuff with BTC. Wall Street adoption serves that purpose.
You will end up doing both and the guy whos money padded your pocket will likely be happy he did so, just so long as he gets in early enough. |
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Jeebus.....last winter one of my friends was asking me when I am gonna pay her a visit(she lives quite far away from where I am), at the time bitcoin price was $13.8, so I half-jokingly told her:"I will when the bitcoin price reaches $138." There was no way I could expect the price to rise so fast, now I have to keep my words......... Haha Ive said similar things. Just do it, I used to be a frugal (ok downright cheap sometimes) bastard, now I can no longer justify it. |
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This makes obvious sense for WU but i thought they would be too stuck in their ways with admin inertia to jump on this wagon. It must be the old pioneering spirit of the railroad coming out.
The BIG win that WU could achieve here is to use bitcoin network as their backbone for transferring payments around and do away with their legacy infrastructure. Their WU affiliates in every office all over the world now only needs a bitcoin enabled PC running to send/receive payments.
WU would become the p2p fiat exchange for the masses with all their installed infrastructure ... and oh yeah, if you want to take buy/sell bitcoin from local WU office can do that too.
Exactly what I thought. But it's indeed hard to believe such a large corporation would have the guts to restructure itself this way. Many internal branches would have to be cut. There's lots of politics inside these large corporations. The people in charge would have to be very bold and ready to make lots of people very unhappy. True. But if the CEO is smart and under alot of pressure from shareholders... its not uncommon for heads to roll. |
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so much for keeping the lid on lol
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What exactly does it mean for a payment transfer service like WU to "accept" bitcoins? Are they going to be just another exchanger, but a uber big one? yep, that seems to be what is happening. |
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The spread difference between other exchanges is now exceeding 10% in some cases (cavirtex was 120 today when mtgox was 108) and similarly 3-4% lower than others consistently... when it used to be the other way around (mtgox was usually higher). It's clear that the reason for this is the lag time in verification processing that mtgox is having (I believe the queue is above 9000 people waiting now now). The question is, is this verification queue causing the price to remain artificially lower for a longer period of time? Because they have such a larger market share than the rest of the exchanges, could they realisitically create this artificially lower price rise on purpose to keep us from having another bubble/crash? Or will the other exchanges start leaving gox in the dust because of their lag?
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I could have sworn that was an April Fools joke? nope. This is the real deal. |
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Ok, just got confirmation from multiple sources via email and twitter. They are looking to develop partnerships, so its a go. I'll update the thread again  Depending on the details this could be mind-bogglingly huge. Yeah, I'm sure it comes from the fact that so many people were using them to access bitinstant. They want to take that business and expand it, im sure. |
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