Anyone who saw the price drop knew something went wrong , NO ONE would go buy if they really believed that bitcoins just became worth a big fat NUL.
I guess you weren't trading tech stocks in 1999-2000. |
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The trades weren't legitimate so I think its entirely fair.
Other than the trades with the stolen coins, how were the other trades not 'legitimate'? Did somebody make a trade non-voluntarily? I stand to lose quite a bundle from the rollback, but I won't be complaining to Mt.Gox. They're in a tough business and they're doing a lot to help bitcoin along and days like today have got to be rough. Still, if somebody panic sells at 8 bucks because they saw somebody else panic sell at 9 bucks, I fail to see how that is an illegitimate trade. |
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There is a place for government action (collective or otherwise) in order to repel the initiation of force by individuals.
That is exactly what lots of libertarians think government is for, and only for. |
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If this is the route that allows Canadian speculators to shelter their bitcoin profits inside a tax free savings account then I would sign up.
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I'm a glass half full kind of guy, so bitcoin is going to $100 but the Cup is going to Boston.
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That's why I'm glad it isn't random.  |
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Life does not function like this. Most organisms do not engage in forced parasitism but symbiotic and voluntary relationships that absolutely advocate freewill on all parts. Birds do not engage in flocks nor mating rituals under gun-enforced mandates nor do wolves hunt in packs under the threat of injury or death. They do so because it is in the nature and freewill -- and remain it shall.
And it amazes me one concludes this sprang up fully functional from the primordial goo. Randomly. And if it all is random, and is returning to nothing, why waste time talking about it or trying to make it better? For on what basis would we define 'better' anyway? |
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Everything works just fine under laboratory controlled conditions... but we don't live in a laboratory.
Cuba is pretty much a closed system (except for all the European and Canadian companies interfering). That lab experiment isn't working out so well, though it is working out as predicted. |
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I think it is a good idea, one that could generate a lot of free publicity for the properties involved.
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Ah, this reminds of the good old days. When I bought a used Android phone right here on Bitcoin Forum for 70 BTC. Way back in March, 2011.
Nothing like a used $1400 cell phone!
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If you see incorrect reporting on bitcoin in an American publication you can report it here: http://www.mediabugs.org/They will open a discussion space for the news 'bug', and will try to contact the reporter or organization that made the error. Sometimes corrections will be issued. There is something similar for Canadians at http://www.regrettheerror.com/, though it looks like only the webmaster can post the errors. |
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It is my understanding that most "booms" happen due to injection of easy credit into the market, causing an unsustainable bubble. Those talking about a "crash" of bitcoins are not taking into consideration that there are no fancy financial instruments at play here, for the most part it is strictly cash and coins and not credit. It's still possible that a correction is in order, but i dont think it would be near the magnitude of a market crash with investors who are highly leveraged and/or pursue risky trading strategies due to manipulation of credit or the backing of large financial interests.
I don't think the rise and fall of one narrow asset class can always be linked to easy/tight credit. For instance the rise in Microsoft stock from the 1980s to the present was largely a function of growing profitability, though price fluctuations along the way may have been influenced by the availability of credit. The price of bitcoin could be somewhat at the mercy of the credit markets. For example if we have a repeat of 2008 and credit dries up it may force some holders of btc to sell in order to raise dollars/pounds/Euros etc. to pay their bills/mortgage. |
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We just had clear proof that there are people who don't buy below 11 USD, but buy above 24, just as long as they're doing both in-trend! Please let this fact sink in for a second! This is pure insanity! "Defies sound economic practices" is really an understatement on what happened these last days.
That depends on your timeframe. Last week at some points it made sense to buy above 24. If somebody didn't buy below 11 because their analysis indicated it was going to 7, then they acted rationally there as well. This price fluctuation is only relevant to short term speculators. If you believe bitcoin is the way of the future then why would you care about day to day price changes? |
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One thing I would like to see changed about the account info settings is the fact that after entering my bank account information, it remains visible for anyone to see. If my account were to become compromised, I would hope there would be stars or some type of mask to hide my info.
Could you please be more specific? What sort of bank account information does it want you to enter? I'm still a little skeptical and am not willing to try it out until I get some more information. Now that a senior member has tested it I'm not as worried, but I still would like more info. If you just use etransfer to withdraw your money you don't need to enter banking information, though the fee is higher than with direct deposit. |
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This is a great idea, I'm hoping to attend... will know better closer to the date.
Is there an agenda yet?
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Another smashing of the forum record: 6219 posts in one day. At this rate the number of total posts ever made on the forum will double in a little over a month. Has anybody ever seen anything like this?  |
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One of the reasons I originally post this request was so that Canadian bitcoiners could discuss creation of a Canada-based exchange. Well such an exchange has been launched. Thank you to those who built this site: https://www.cavirtex.com/home |
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I have now transferred btc into my account, bought and sold btc, and transferred CAD out using etransfer. Everything went smoothly. Terrific service, keep up the good work!
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Successfully sold a few more bitcoins today and received Interac epayment, no problems whatsoever.
How long did it take for the etransfer to happen? |
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