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Despite the drastic drop in the bitcoin/Usdollar exchange rates I am not raising prices, it's still only 5 bitcents per card.
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The trading pool is so easily manipulated that I can't help wonder if a crash is the goal of an individual who intends to buy out immense quantities of bitcoins at minimal prices.
Why does everyone assume the falling price is due to manipulation, or that someone will now jump in and buy up massive quantities of BTC? What if the falling price reflects economics: you can't do anything with BTC (apart from a few very minor retailers, and web hosting companies, yawn). If I was running a retail shop there's no way I'd ever take BTC. I don't fancy getting $100 of value today for a sale and have it plummet to $40 within 4 days. This is an anomalous decline. Bitcoin has generally increased in value, sometimes slowly sometimes quickly, declines have generally been followed by increases fairly soon. There was definitely a bubble which popped, but I expect prices to start back up again fairly soon, if, perhaps, at a slightly slower rate. |
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For people getting into bitcoin this is a good thing.
This gives you a chance to buy more bitcoin at a lower price.
If you were looking for quick profits then not so good, but this is a very risky investment with big potential profits, that risk includes rapid drops.
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If your name means you are in Ohio you can come visit me and I'll sell you one for cash.
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.05 per card via e-mail or per minute via phone, skype or other voicechat service. Payable after completion.
I have 19 years of experience reading professionally and offer thorough readings.
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It's very simple. There are so many asks (people who ask for 19$/btc) that we just haven't surpassed that barrier. Today there's not so much movement as yesterday (1M$ yesterday, today it will be less than 400k), but btc buyers keep buying at around 19. So the market is bullish, but there are too many sellers for not enough buyers to rise price. Why is that bullish? What could we fear from that? Why is a correction a good thing?
Bullish means that price tries to rise (and with enough buyers, it will eventually rise). A correction is only a good thing if bitcoins are overvalued (I don't think they are). A correction is a good thing for people who want to buy bitcoins. |
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All the publicity about the Silk Road is definitely driving up the sales of bitcoins. In the last week, the listings on that site, and the orders, have more than doubled. How many of those new listings were DEA agents? DEA Agents appear to be driving demand for bitcoin then. That is amusing. |
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So far the pattern has been huge rally, partial decline, huge rally, partial decline, etc. During the rallies people say $1000 by year's end, and during the declines people wonder if it will collapse. Personally, I don't forecast a collapse since I can't possibly imagine everyone suddenly losing interest in Bitcoin simultaneously for no reason. Minor pullbacks, however, will always happen.
I expect this to continue. The hugeness of the rallies has kind of shocked me, and I do expect them to slow down a bit, but I think Bitcoin will hit natural equilibrium at about $100 per bitcoin and at that point will only fluctuate slightly, plus adjust due to dollar inflation. The math are simple, if more people use bitcoin, $/btc rate will rise like steam. $100/btc is not a natural equilibrium anymore than $0.01/btc. I think that the figures that people are coming up with for the size of the bitcoin economy are unrealistic and that it is likely to stabilize at approx $100/BTC Just my opinion of course, based on a not terribly exhaustive knowledge of economics. |
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The price has skyrocketed within the past few months, prior to that it usually grew at a much slower rate. I wouldn't be surprised if it slows down again really soon.
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You are either new or joking. It looks like it's the former.
Yes, i'm new in this forum. I don't know why you get the impression that i'm joking. alexk No, we are not going to change bitcoin protocol just because you arrived. All those things you've talked about have been discussed over and over. You should either accept built-in deflation or leave bitcoin economy, that's my advice. I don't think he is trying to change Bitcoins, I think he is looking to develop a new and better alternative. |
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So far the pattern has been huge rally, partial decline, huge rally, partial decline, etc. During the rallies people say $1000 by year's end, and during the declines people wonder if it will collapse. Personally, I don't forecast a collapse since I can't possibly imagine everyone suddenly losing interest in Bitcoin simultaneously for no reason. Minor pullbacks, however, will always happen.
I expect this to continue. The hugeness of the rallies has kind of shocked me, and I do expect them to slow down a bit, but I think Bitcoin will hit natural equilibrium at about $100 per bitcoin and at that point will only fluctuate slightly, plus adjust due to dollar inflation. |
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I want to buy 3000 US Dollars with bitcoin.
I would prefer Western Union, Moneygram, Cashier's Check, or some other non reversible medium which does not require a bank account to convert to cash. I don't need anonymity, I do need to avoid the bank as a middle man since I don't have an account.
I am currently offering 150 bitcoins, but am open to dicker.
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I think bitcoin value HAS exploded. I boguht in when they were 6 cents apiece, that was not long ago, now they look like they are going to make $20 each soon. That is a HUGE explosion.
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Aside from arguing that a bitcoin is easier to trade than fiat, this entire Bitcoin project, is nothing more than a sophisticated form of gambling the size of which has never been seen before.
You must not have been paying attention to the stock market? Or for more pure gambling, the futures market. |
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You can get raw data from the sqlite dbs,
Also, we've done some integration of OTC WOT with coinpal - he posts signed messages of automated ratings for people who purchase
allowing users to register with gpg key I will do as you suggest. It would be best practice for me to design this so a user can assign their GPG key to an Account and not to the individual bitcoin addresses. right.  Im sorry I do not understand your last post, either party in a transaction can check someone's Karma Rating.
I am hoping to put some time into this project, thanks to a strange holiday season in the UK, bank holidays and so forth.
ok, let's walk through this. let's say there's a guy with address 1xxxxx registered on bitkarma, and there's a guy with address 1yyyyyy as well. let's say 1xxxxx is buying socks from 1yyyyy. well, mr 1xxxxxx can easily look up 1yyyyyyy's rating on bitkarma, and if he sends his bitcoins to address 1yyyyyy, he knows that he sends to the right guy - namely, the guy that he's sending coins to is the same guy whose karma he has just looked up. now, how about mr 1yyyyyy, how does he know who he's dealing with? mr 1xxxxxxx can say hey, look up my karma, address 1xxxxxxx. but /anyone/ can say the same thing, even if he doesn't own address 1xxxxxxxxx. thus, while the receiver's identity is verifiable simply by sending to 1yyyyyyyy, the sender's karma is not, since anyone can claim an address. which actually brings up another point - even the receiver, if he just wants to 'grief' someone by having them lose btc, can claim someone else's karma by handing out other people's addresses. he won't get the btc, so there's no gain to the griefer. but there's loss to the sender, since he just sent btc to some random person who wasn't expecting it. in other words... on your site you need some way for people to easily prove that they own accountX, prior to a transaction. Proof of ownership of the outgoing address can be done by sending a bitcent or two. |
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Diorite Enterpristes.
It's an extremely solid type of stone. And it sounds like die right, which is pretty cool.
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I'll sell you 50 bitcoins for that.
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My first impression: the frog is much cuter  I agree, the frog looks better with a smile. |
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banning that from this forum would be a move towards trying to regulate the bitcoin and authoritarianism.
That's ridiculous. why is it ridiculous, this is a hub of bitcoin activity. there are loads of niches being filled here, and even new niches which do not exist in the current economy, if we ban certain niches which may be 'nsfw' or 'illegal', this forum which has an effect on the market(atm), will be thus regulating the market. this is bad, we should exploit the fact that bitcoin is a fuck you to the government. Or it will open up a new niche, a forum dedicated to exchanging illegal services or bitcoins in a secure way. This forum is not secure, you can be farily easily traced by IP if you aren't doing your own security. It's publically ccessible and easy to get at. A really poor venue for illegal trades in any case. |
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Still, that does not prove anything. You may be an exception from the rule.
Also while visiting London, i noticed that when Gypsies come to richer countries, they more often start having legal occupations you realize it could be because Roma can't get a job in Poland due to the 'rule' that all gypsies are thieves right...? Wrong. The other way around. Dude. There is no rule which forbids Gypsies from having legal occupations in Poland. Gypsies just are like this (scamming, thieving, begging etc), and they are doing it for centuries. It didn't start yesterday. I am sorry, but their reputation is VERY well deserved across hundereds of years. If they want to fix this, they should start to behave according to cultures of the countries they occupy. Well, I know if I was convinced that some group was a bunch of thieves I certainly wouldn't hire them. I'm not saying the Polish gypsies don't bear any of the blame here, but there's definitely a racist culture in place keeping them in the position they are in. I'm kind of surprised there still are Gypsies in Poland, since the Nazi's did an awfully thorough job of eliminating Gypsies and Jews both. |
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