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Ok, another one. 1pm. 1pm it estimates 380$ for tomorrow. The 1.3% range is 375 and 385$. Let's see!
The Lord predicts it'll stay above $400 and that the above prediction is wrong. |
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Who wants to be a bitcoin Millionaire!?!  |
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What i wonder is Why.
I mean, almost 90% of the people inside the "mining" ecosystem can use a calculator. And almos all of us can do a little projection.
At this price, is 110% sure that is impossible to earn satoshis, let alone ROI.
So what in the earth makes Vern to come up with a price like this? You know something is awful but you offer it for sale so "just in case" some drunk russian oligarch or "i dont care" chinese child of the Party can overspend on it? (No pun on those countries, you all know what im talking about)
I mean, whats the PR cost for Cryptsy on this? I really dont understand.
According to Cryptsy, these are just the initial allocation of 10k shares before normal trading starts. Once normal trading starts, the price will probably tank until it reaches a price that's aligned closer to a break-even ROI. |
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For those of you who have watched "The Profit", if Marcus Lemonis were to buy MtGox for 1BTC like that investor group is proposing, what would he do?
I'll start...
Overhaul the website in multiple languages
Update the logo
Disrespect the current management
Offer to pay customers back their stolen BTC over the course of the next 2-4 years
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because he did hoard enough btc?
Back in 2011 he got a chance of moving into btc but he didnt. Now he wants to make his pump and dump coin. Oh.. I got it. He want to create some shitcoin, of which 50% or more will be pre-mined by him. Best of luck with that. And good luck to those idiots who will fall in to this trap (there will be plenty for sure). ShitCoin.com is for sale, only $2500. ShitCoin is a sweet name for an altcoin...or a band. |
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When is someone going to create an ETF on crypto currencies? It would be much easier to invest than using coinbase and waiting an eternity.
http://lmgtfy.com/?q=bitcoin+etfI checked with Google, none exist today. Thanks for introducing me to Google btw. |
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Yeah.. thank frank and hold like a tank
(thanks Franky)
Buy Buy Buy!! |
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The Lord proposes to bid 2BTC. How do I make that happen?
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Ok, 7 pages of the thread now.
The guy missed for a Dodger's Stadium wide, can we let this thread die?
Damn, noone seemed to say this.
There is no system. Maybe someday Psychohistory will be developed. Not this year. And definitely not this guy.
*Goes back to play satoshidice*
Sounds like a fun and educational project for a student. Hopefully, that's all it was. |
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Sounds like the average US consumer does not have a compelling reason to use bitcoins. Travelling abroad, a cheaper alternative to western union, and ofcourse investing are reasons to get into it.
How do I short these bitcoin ATM companies in the US? Seems pointless unless they are in big touristy cities.
When is someone going to create an ETF on crypto currencies? It would be much easier to invest than using coinbase and waiting an eternity.
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I thought using cash was a lot more anonymous than using bitcoin. All Bitcoin transactions are logged and can be potentially traced?
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Is the algorithm based on some sort of last couple of days moving average? It constantly says price will go up.
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Yeah, going down to $100 doesn't sound like a good thing. Volatility is already really high.
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I understand the argument that companies could save 2-3% on transaction costs by accepting bitcoins vs credit cards and probably a few more percentage points since there are no charge backs with bitcoins. But, what incentives does the average consumer have?
I opened up a coinbase account, it cost 1% to go from USD to Bitcoin and 4 days. Go to back to USD will probably take another 1% (I haven't verified). Why would the average consumer pay 2%?
Is international traveling an advantage? For example, let's say I go to Italy and use an ATM with my US debt card and take Euros out. I have no idea what the fee would be, but maybe that's an advantage?
When sending money to someone instead of using western union, is the 2% bitcoin cost the cheaper than western union?
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I believe they have my stapler
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