Banks closed whole week until referendum and capital controls confirmed....
I just heard Monday. Where do you see that it will be for the whole week? Honestly I don't doubt it, but I still wouldn't mind seeing a source on this. |
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The trade volumes are very weak right now, and if they don't pickup very significantly in the next few months, I can't imagine how the exchange rate of $600 can be reached in 3 months time. I was expecting some sort of a miracle from Greece, but it looks increasingly unlikely now. IMO, the exchange rates are likely to remain flat until 2016, when the block reward halves.
The volume was pretty weak before the October 2013 run up as well. It might just take a catalyst to sway the price in one direction and then the volume will follow the price instead of the volume triggering the price movement. |
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yes WE NEED BITCOIN POLICE!!!1!.
That will save the world.
These transactions serve no purpose except to spam the blockchain. Can you give me ONE reason why I would send the same coins to the same address and not pay a fee. Im just taking out a dollar and putting it back in my wallet and making everyone pay for it. I don't know about you, but there is 0.00001 BTC being paid for every transaction in that address. Let them waste their coins to the miners. They'll take care of it. I agree with you. If someone wants to waste their coins by paying a boat load in mining fees for their stunt to test the network then let them. Miner fees went up by 3x during the last stress test, so miners made more by doing the same amount of work, I'm sure they didn't mind. |
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1:
#Bitcoin support holds at $220 area for the sixth time. when will the bears give up?  2:I'm calling this the "sextuple bottom" #bitcoin  3:#bitcoin hasn't been this close to the 200 day MA since August 2014. Grexit could take it to $600 by September 
Good point, the bottom is in. The year and a half bear trend appears to be over. It should be fun to see what happens this second half of the year. |
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Yes. My wife and I are going to Vegas next week. I am going to move a coin to my Mycellium phone app in hopes of being able to spend it, I'm sure there will be somewhere that will accept it.  |
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I think it's not too far fetched, when you search for "grexit" on twitter, 1 in 10 posts is about bitcoin.
Silk Road brought a lot of new bitcoin users but also a bad image and a lot of bad press that still haunts BTC today.
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It's seems really too complicated for me for the Multi signature part ?
Don't be coerced into doing multi-sig if you are not comfortable with it. It can be challenging to work with compared to single keys. Even if you have all the necessary info it's not super simple to spend from a multi-sig address. I created a how to on youtube using bitcoin core. If you don't want to use multi-sig I'd suggest you go offline and cold. It can be as simple as creating your keys with dice, or use a computer that is not connected to the internet to generate keys. EDIT: At first I didn't notice Muhammed Zakir suggested bitaddress. This is a great offline solution for generating cold storage addresses. Go with Muhammed Zakir's advice on this one. |
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breakout @ 255 $
Here we gooo
$255 where are you looking? I don't see any exchange that went over $252. Sunday is usually boring but we'll see what happens sometimes there can be some fun action on the weekend.. |
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I'm guessing that would have to be an exchange. One input with 700 BTC going to hundreds/thousands of other addresses, that isn't a normal transaction for an individual or small group. At first I thought it was FACTOM but the amounts are too large, so my best guess is it's an exchange wallet.
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The problem I see with BTC related credit systems is that it requires some sort of central authority to manage and maintain.
Who gets paid the interest? Is it anyone who is willing to offer a loan? Let's say I borrow from Alice, does Alice have to report my pay history to this service in order to me to get credit for it? What if Alice is dishonest and gives me a bad rating when it's not deserved?
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According to reports, the amount of money that seems to have fled from the ATMs just today is estimated to be around 1 billion euros well IF Greece defaults on the stuff....what is the plan does the Greek Gov't announce the return of their Drachma(?) currency (I think it is called) or do they simply keep using the Euro currency as their main currency and ride it down with the rest of the EU with such a Greek default annoucement? (If I was Greek Gov't I'd still say the Euro was the currency of Greece....not much the EU could do about that I'd imagine) feel free to tell me I don't know wtf I'm talking about ...but am mystified on what happens after they default (short term and/or long term) Someone please correct me if I'm wrong but I believe you are right. If they default I understand that will lead to Greece leaving the Euro (aka Grexit) and they will return to their own locally issued currency. |
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Yeah I can confirm there are lines in banks, because people is so delusional that they waited until the last moment to get their money out. If I was in Greece, I would have been getting money in small amounts since at least 3 months ago until I got all of it out. Source: some Greek friend. I think there was some false hope provided to some when Russia offered the oil deal with Greece last week. Then I guess every remembered that the deadline is on Tuesday and rushed the ATMs after they announced again there would be no extension on the deadline. |
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I don't think you are honest about your basic motives regarding bitcoin. I'm a 44 year old nuclear physics-guy.
Is there some sort of causality I'm missing here? Jorge has successfully identified enough BTC scams over the years to warrant respect. Sadly, there will continue to be scammers as long as BTC attracts happy-clappy noob idiots who think they are financial geniuses. I disagree with Jorge on most things wrt bitcoin, but he has more sensible stuff to say than the average poster. I am glad he is on the forum, despite his pessimistics BTC view. Same here. Its healthy to have people with opposing ideas, for that is what can help grow. Now if Jorge were to start posting my little ponies BS...well he would lose credibility with me then. Jorge has always provided a different perspective without trolling. I think most people appreciate his commentary even if they disagree with the content. I still don't believe that he is a bystander only and doesn't own any coins like his signature proclaims. |
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Hmmm not really sure why anyone would pay a premium for older coins. There's nothing special you can do with them that you can't do with younger coins. What about coins from one of Satoshi's known addresses? Maybe that could fetch a premium to a collector for novelty value.
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Welcome, luker! Thanks for joining in on the fun  25% increase for July? June went from $220 to $250, so you are thinking about twice as much as June? That would put us around $300 per coin. We'll just have to wait and see, you never know what is going to happen with the bitcoin price. |
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