Heading to $150.  Please. It will be $1000 by the 15th. Bump. It seriously does look that we MAY see quadruple digits before June. You're severely underestimating what media coverage of breaking the $200 mark is about to do. And YOU, sir, are severely underestimating the metering power of the MtGox queue!  |
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will you cash out when you hit $1M? A flawed question. If BTC ever hits $1M, then I won't have to cash out. Perhaps I'll then just cash out of the rest of the fiat. Cash out to what? $1,000,000 of soon to be worthless currency when China blows up and takes the rest of the world's economy with it? Do some research, this is actually happening right now as I type this. China's artificial boom will bust this year in all likelihood, which will then trigger a chain reaction meltdown moving to a commodities slump, housing slump, and the US itself will be bankrupt when US Medical care and student loan debt pop, and the US housing crash 2.0 to follow, rampant joblessness as the downsizing occurs....the USD and Euro may not exist anymore, and Bitcoin is the system that will vacuum up the pieces left. More and more people disgusted with shady banks and the shadow government (when groups of the most powerful people on Earth meet up once a year for a discussion, what do you think they talk about? More control and power for themselves). I very much agree with this. It's not if BTC hits $1M. It's when your holdings hit $1M. |
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I will sell 1 bitcoin.
I will buy dollars with a single bitcoin when I am able to pay off my $160,000 mortgage with the proceeds from that sale.
That will be the last time I buy dollars with my Bitcoin currency.
All of the rest will be spent or held.
So you're going to sell a currency that went up 2000% in 8 months, to pay a mortgage that charges you 5-6% at the most??? I don't see it, sorry... maybe you might want to reduce your bitcoin investment and sell half... but I wouldn't sell all! There's no guarantee that the BTC price won't plummet to the basement, and he would lose his opportunity to be debt-free. |
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I'll do it for 2 BTC. That's a piece of cake.
I'm an accountant. I work with Excel all day every day.
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How do you actually check what the queue is? Do you have to sign up for a new account and submit new verification?
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If you take the 7970 out of the box, does the 5850 hash successfully?
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What about for LTC  Fair point.  |
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I don't believe for a second that BFL is going to stop refunds, but the wording of this bet scares me.
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Is the 28NM technology gonna improve our ability solve blocks?
Not before ASICs pound it into the ground. |
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I will sell 1 bitcoin.
I will buy dollars with a single bitcoin when I am able to pay off my $160,000 mortgage with the proceeds from that sale.
That will be the last time I buy dollars with my Bitcoin currency.
All of the rest will be spent or held.
Okay. So you are betting on a $160,000 bitcoin price? Or do you already have $179,800 of that, and only need a $200 bitcoin? how do i maths |
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Under normal circumstances, I might agree with you.
These are not normal circumstances.
The MtGox verification queue keeps growing. Anyone who has been in Bitcoin a while now likely either already has an account there, or will refuse to ever have an account there. So that's 13,000 people who are waiting to buy Bitcoins.
Long after the news coverage stops (I'd say, at least a month), the rally will continue just from these people continuing to be verified.
And, you speak of the forest fire through the media... what of the forest fire through people? Word of mouth? That is the much bigger fire just starting to burn...
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This is exactly how any sort of purchase in a foreign currency works. You have no idea what you're talking about. Read something about how credit card system works. What is the role of the credit card issuing bank? What is the role of the credit card processor? When you have a credit card account run in euro but you pay usd priced product, YOUR bank is doing the currency conversion for you. You have agreed to this when you have signed the credit card issuing agreement. The credit card issuing bank is converging your euros into dollars and is SENDING dollars. The TRANSACTION currency is dollars! A refund is nothing else but a REVERSAL of a transaction. This is why you get back dollars which are applied back to your euro account at current exchange rate. YOUR bank has a license to exchange currencies! It is regulated to do that! I've SENT exact amount in bitcoin EXACTLY to the bitcoin address BFL asked me to send to. I'm not a BitPay customer. I have not signed any agreement with BitPay. BFL is a BitPay customer. Bitpay is doing currency conversion for BFL as per the contract between BFL and BitPay. When I paid bitcoins for pre-ordering from BFL the TRANSACTION currency is bitcoin. This is why the refund must be in bitcoin, not in dollars. If BFL claim I have sent dollars they must tell what bank dollar account I've used to do that? Please stop talking until you get a courtroom to agree with you. |
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Interesting, but wasn't the whole argument about his status as a US citizen? The "original" still says Honolulu.
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1.1 BTC. I am out of funds to buy these for now...! |
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Remember when .22lr was 1c per round?
Things are getting nuts.
I never bought it that cheaply. $0.03/rd was the best price I ever got. Even still, that's nothing compared to the $0.15/rd that I see at online auction sites (the only places with it actually in stock). |
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Ammo or Bitcoins? Which one is harder to buy?
Seriously, just took a look around for some .22lr, it's sold out EVERYWHERE. I might be crazy enough to stand in a line awaiting a store shipment, we'll see...
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The trick to selling bitcoins on eBay is to add a physical aspect to it. Just print out a bitcoin bill, send it to the buyer, have them confirm receipt, THEN fund it.
And then wait for them to file a "item not as described" dispute, and ship it back to you, now fully defunded. |
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Just assume that whatever amount of Bitcoins you have, no matter how small, are worth $1M one day. What will you do?
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Once we past 200$, likely today it is even more interesting.
Yes, basically, I will be able to pay my mortgage fully with my initial investment in bitcoin $8k That's how interesting things will get once we past $200 And this is why the rich will get richer, and the poor get poorer. Because all of us poor folk are doing responsible things like paying off loans, losing our investment in BTC while selling it to those with millions. hahaha yeah... but wait a minute. the fact that I will be ableto pay off my mortgage doesn't mean that I will actually do it. Why would I sell my BTC investment with insane returns to pay off a 4.5% APR loan? I'll keep my BTC for now... but eventually I will reduce my BTC investment in half. Cool. |
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Once we past 200$, likely today it is even more interesting.
Yes, basically, I will be able to pay my mortgage fully with my initial investment in bitcoin $8k That's how interesting things will get once we past $200 And this is why the rich will get richer, and the poor get poorer. Because all of us poor folk are doing responsible things like paying off loans, losing our investment in BTC while selling it to those with millions. |
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