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321  Economy / Speculation / Re: 88 on Mt. Gox key level of support (Market Cap: $900 million) on: July 14, 2013, 05:32:02 AM
or the $90's?  Wink 

Well that is where we are today anyways.   Hopefully we don't go down to $30! 

Personally, I don't care what price it goes to so long as it remains stable.

Stability is what gives merchants rise to panic or not adopt Bitcoin.

Once these ups and downs are over then things will get better.
Stability will coming in the future ,when people fully aware that BTC is valuable..

Several conditions below will applied when BTC get stability.
1:Price will go stable when those people get their coins at very low prices go out of Coins.
2:liquidity got improved, Currently the liquidity of BTC isn't meet the needs of some rich users. (either when price of BTC increase to new level,like 1000USD or an alternative way to exchange large amount of BTC at negotiated fixed rate without affect market price)






 
322  Economy / Speculation / Re: 88 on Mt. Gox key level of support (Market Cap: $900 million) on: July 14, 2013, 04:15:48 AM
Bears are out of coins ,they must be very angry and only can watching the price go up up and up ...
323  Economy / Securities / Re: A question for those buying TAT.VM on: July 14, 2013, 04:09:25 AM
Bitfunder, always a good place to get cheap shares...let's move to Bitfunder ,you can fund 0.003 TAT.VM...
324  Economy / Securities / Re: [BitFunder] [TAT.VIRTUALMINE] Virtual Mining - Hash Without Hardware! on: July 14, 2013, 03:20:50 AM
The price differences of TATVM between BTCT and BITFUNDER is large...
325  Economy / Economics / Re: Bitcoin as currency? on: July 14, 2013, 03:05:31 AM
In order for Bitcoin to become a currency individuals must start spending rather than hoarding their Bitcoin. As of right now I'd view Bitcoin as a store of value and not a currency.
A commodity that you can either use it to store of value or spending for exchange stuffs, I do not think that less people spending BTC for buying stuffs will affect its growth significantly,at least at this stage.
As long as it can storing value constantly and it can protect people's fund out from War, inflation, possibly government seal up. It will be growth for sure.
326  Economy / Speculation / Re: How much percent of your capital is in btc? (real estate included) on: July 13, 2013, 07:31:17 PM
I put $10k into the system between December - March. This is less than two months of my non crypto earnings so it's negligible.

I managed to turn it into $90k of which I withdrew $20k. So I saw a 100% return on my initial deposits.

What's left is now my play money. In truth it doesn't matter if I lose it all but I have a feeling it won't come to that.

I have no plans on making further withdrawals in the foreseeable future.
Congratulation for you.
Seems that I take much much more risk than you ,I wired my fund between april- july, however ,I think I am still a earlier adopter, although my fund is loss about 20% of its value ,but I still confident I will be covered in the future .
327  Economy / Speculation / Re: I am fucking panicking on: July 13, 2013, 07:11:40 PM
At the end of the day... Bitcoin is cool. It's new and fresh and entirely unprecedented in so many ways.

If you can't appreciate that, if you've seriously studied and wrapped your head around how it works and you didn't have many sleepless nights than just leave - we won't miss you  Cheesy


many many many many hours glued to my laptop screen since 2011 because of Bitcoin, and I've learned so much from it. no regrets  Cheesy
Since I put all my saving into BTC, following with it is loss my ability to sleep in the night time, the price goes up I can't sleep ,the price goes down I can't sleep.
However, I am pretty sure that BTC is the future of our money ,at least it give a new way which we can 100% control over our wealth.I am going to ignored the short-run of the price fluctuation.  I am happy that take part of in this revolutionary technology ,even one day my coins only worth to buy a pizza again,I will not regret about it ..I will consider it as I am lose game in Casino...
328  Economy / Securities / Re: How to Become a Bitcoin Investor in 8 Easy Steps (comic relief) on: July 12, 2013, 11:43:45 PM
Someone should do How to Become a Bitcoin Securities Issuer in 8 Easy Steps

1. Come up with an edgy name that sounds shady or has shady elements (i.e. Pirate, Nefario, Thieves, Diablo, PsychoticBoy, DeadTerra, Slaughter, Nasty, Deprived)
2. If not an edgy name, have a weird name (i.e. friedcat, usagi)
3. Have character and an ego. Have a blog that shows that you are edgy/weird (i.e. Mircea Popescu, furuknap)
4. Be able to write a slick first post of a thread with lots of hype and basically imply that if someone doesn't invest with you they are missing out BIG TIME. Basically be a great salesman.
5. Be able to spend x # of hours on bitcointalk so that you can defend your security/securities against a) other issuers and b) experienced investors. It does not really matter the content of your posts so long as your posts have enough text to seem to make sense. And also you tend to get the last word in.

Anything else?

Simply brilliant, point # 5: Bjørn Furuknap who called me an idiot when I asked him to stop trolling 100th investment thread and to go back to his thread where he was trying to sell his 20 BTC Metabank ASIC  as a "mining bond" for 400 BTC
This also what he called me... Give me Five ,mate.
329  Economy / Securities / Re: How to Become a Bitcoin Investor in 8 Easy Steps (comic relief) on: July 12, 2013, 11:42:29 PM
Someone should do How to Become a Bitcoin Securities Issuer in 8 Easy Steps

1. Come up with an edgy name that sounds shady or has shady elements (i.e. Pirate, Nefario, Thieves, Diablo, PsychoticBoy, DeadTerra, Slaughter, Nasty, Deprived)
2. If not an edgy name, have a weird name (i.e. friedcat, usagi)
3. Have character and an ego. Have a blog that shows that you are edgy/weird (i.e. Mircea Popescu, furuknap)
4. Be able to write a slick first post of a thread with lots of hype and basically imply that if someone doesn't invest with you they are missing out BIG TIME. Basically be a great salesman.
5. Be able to spend x # of hours on bitcointalk so that you can defend your security/securities against a) other issuers and b) experienced investors. It does not really matter the content of your posts so long as your posts have enough text to seem to make sense. And also you tend to get the last word in.

Anything else?
Exactly suited to Furuknap ,especially the 4 and 5....
330  Economy / Securities / Re: ASICMINER Speculation Thread on: July 12, 2013, 03:30:33 PM
Anyone looking for a bargain head down to Havelock Investments: AM100 shares available at ฿0.0395   right now

The mad stupidity in Sandstorm forced me to liquidate just a smidgen to play with it for my personal amusement haha
Facepalms all around
Why such a big difference ??

With those AM100 shares you only get 95% dividend, so I guess the share price is also only 95% of a full share.

Well the 5% from dividends is tiny compared to the arbitrage sometimes
If the dividend is
0.03
The difference in the share price should be 0.0015 a share
So it makes more sense to just buy the PT at a lot less than the main unless you want to play with the main or are holding long / converting to direct
Also when the board seat benefits do kick in the extra dividends will be added value
This is not in play yet though so just the arbitrage difference makes it a smarter move to buy the PT most times but the Full do have a premium because of the differences above

And SOS
Either the API bots are being retarded or people are not doing their research as I write this it has made a
1600% return in 4 hours mumble but the IPO sold out in 5 seconds to 6 orders apparently so I feel pissed at napping Tongue
Even the issuer is surprised keeps watching as the rest of the market wakes up with a Cheshire Cat smile
I just went to havelockinvestment, I found the price is 0.412 right now...So the issuer might just want to catch people's attention in order to increase its users base....


Havelock has a pretty big user-base while its not mentioned as much as btct or bitfunder I find it a solid alternative the process by which they choose which assets to issue is pretty tough too so you see less AMC type issuing scenarios that said Sandstorm was an interesting choice on their part but LB gave them a chance so I will withhold my judgement Smiley

That said TAT is the same on all three exchanges so anything ASIC related between the three you get the same dividend so just get them where its best priced always ^^
It is true ,but never use havelockinvestment before...I rather prefer stay with BTCT or Bitfunder, at least I familiar with those two's interfaces.
331  Economy / Speculation / Re: I am fucking panicking on: July 12, 2013, 03:21:44 PM

Why the hell would they do that?


Those countries are extremely unsafe to store gold or other valuable stuffs, if they realize that they can store their money in a save way like BTC ,what makes you think they would not to do so Huh assume their local currency are almost incapable to store value ,because the uncertainty of their government .


I think we're starting to make some pretty sweeping generalizations here. What makes you think that they would do so? We are talking about the same bitcoin that recently lost almost half its value over a 2-week period, right?

       It is definitely harder to confiscate a brain wallet than gold, and it is much more liquid. All that needs to happen is for the risk of confiscation to outweigh the risk of bitcoin price fluctuations. Someone just has to believe that the risk is real. Gold and currency also have virtually no chance of seeing increases of value in the thousands of percent. Simple risk analysis. Besides that, people are not rational anyway.
Yes, this pretty in the same way ,it might lose its value 50% in two weeks and also had chance to get increase its value by 50% in two weeks.
For some extremely countries like mentioned above ,those people if they know there are alternative way as BTC,they will ignored the price fluctuation ,because they have no other better choice ,Gold is too high weight and can't be cut into small amount, currency either not secure ,it may losing value more quick than BTC.
332  Economy / Securities / Re: ASICMINER Speculation Thread on: July 12, 2013, 10:18:08 AM
Anyone looking for a bargain head down to Havelock Investments: AM100 shares available at ฿0.0395   right now

The mad stupidity in Sandstorm forced me to liquidate just a smidgen to play with it for my personal amusement haha
Facepalms all around
Why such a big difference ??

With those AM100 shares you only get 95% dividend, so I guess the share price is also only 95% of a full share.

Well the 5% from dividends is tiny compared to the arbitrage sometimes
If the dividend is
0.03
The difference in the share price should be 0.0015 a share
So it makes more sense to just buy the PT at a lot less than the main unless you want to play with the main or are holding long / converting to direct
Also when the board seat benefits do kick in the extra dividends will be added value
This is not in play yet though so just the arbitrage difference makes it a smarter move to buy the PT most times but the Full do have a premium because of the differences above

And SOS
Either the API bots are being retarded or people are not doing their research as I write this it has made a
1600% return in 4 hours mumble but the IPO sold out in 5 seconds to 6 orders apparently so I feel pissed at napping Tongue
Even the issuer is surprised keeps watching as the rest of the market wakes up with a Cheshire Cat smile
I just went to havelockinvestment, I found the price is 0.412 right now...So the issuer might just want to catch people's attention in order to increase its users base....
333  Economy / Speculation / Re: I am fucking panicking on: July 12, 2013, 10:13:26 AM

Why the hell would they do that?


Those countries are extremely unsafe to store gold or other valuable stuffs, if they realize that they can store their money in a save way like BTC ,what makes you think they would not to do so Huh assume their local currency are almost incapable to store value ,because the uncertainty of their government .

334  Economy / Speculation / Re: I am fucking panicking on: July 12, 2013, 10:10:41 AM

Completely agree on the "potential" part. Bitcoin is revolutionary indeed, but its potential its still unrealized.

Going back at the two personal examples I gave you in my last posts: the company with which I did business in Argentina in the past, would never pay me in BTC at this stage. The process to buy significant amounts of BTC its still too lengthy, complicated and shady, especially for a big company - the volatility risk is also too big ATM. As absurd as it sounds, right now the only solution would be the one I was proposed, which was to fly to Argentina to pick up a suitcase full of pesos (an alternative would be dollars bought in the black market, but that is too risky and thus out of the question for a legit company trying to transfer a big amount of $).

On the contrary my friend in South America is using BTC to move some money back and forth, but still he couldn't make his relatives to understand how to safely "cash out" without my help.

Making a long story short, the potential is all there but the current infrastructure its not good enough to realize that potential. Bitcoin *can* be a revolution indeed, but it still has a long way to go.

What I do not agree with is with the statement that BTC being decentralized and trust-free is only "ideological" stuff with no utility. No sir, not at all. Those characteristics has the potential to solve very real, daily problems for millions of people on the planet.

The company in Argentina can received in btc and use future market to secure its value(plus 500 or 796 ).. thus Volatility can become not a problem for them.
And it is also a problem that MT.GOX even thought as a largest liquidity method but it also sometime can't meet the needs, there are other way can solve this problem out by invent a trader that use fixed exchange rate to dealing with large transaction.(often 2-3% below the market average) Then this company can sold its BTC separately by small quantity over different exchanges.(Not only can make profit on the transaction ,it also release liquidity and price pressure on those exchanges)
So, the potential of BTC is numerous, all problem of its either liquidity or volatility can be perfectly be solved...

335  Economy / Speculation / Re: I am fucking panicking on: July 12, 2013, 10:03:37 AM
That is to send to their paypal account not to be able to withdraw it to a bank accunt!

That is just saying someone in those countries can open a paypal account but they cannot withdraw the cash to a bank account in their country!

Anyone can open a BTC wallet in 2 seconds, it is a level playing field there is no red tape and no BS.


Dude. Are you serious? You are telling me that you can use bitcoins for P2P payments. I am telling you that you can do the same thing with Paypal, cheaper, in all of the places that you claimed that people couldn't. The only thing that matters is liquidity -- and there is no question that mobile/web payments providers will continue to ramp up services in developing countries.

You can't withdraw BTC to a bank account in your country, can you? Much of this discussion is about people without bank accounts. I really don't see where you are going with this. The point is that people can exchange value cheaply without banks.

There are many, many ways to convert Bitcoins to local fiat everywhere in the world (which is a factor in liquidity).

To be able to purchase locally with funds locked in a paypal account doesn't seem the same, does it?
Bitcoin is actually extremely illiquid in much of the world. Are you actually suggesting that bitcoins are more liquid than Paypal $? What evidence do you have for this?

"Locked" in a Paypal account? According to Paypal, there are 110 million active accounts. There are what, 1.5-2 million funded bitcoin addresses? Are you aware of what Paypal is, and that large, reputable businesses accept it (unlike bitcoin)? It's accepted point-of-sale in 2 million retail stores.

Why do you seem to think exchanging bitcoins locally would be more useful or prevalent than exchanging Paypal currency locally? In the context of developing markets, why would you assume that bitcoin is more liquid?

    Bitcoin is more liquid than paypal in Afghanistan, Montenegro, Pakistan, Bangladesh, Burma, Cuba, Iran, Libya, North Korea, Sudan, Syria, Belarus, and Somalia. This is approximately 600 million people. Even if they only made an average of 1 dollar a day and saved at a rate of 5%, and then put an average of 20% of their savings in bitcoin to be able to make international transactions, this would mean a tripling of bitcoin's market cap. There are at least a few people among those 600 million who would like to make purchases online and are hindered from doing so by restrictions that ultimately only benefit the rich. Both capitalists and socialists can get behind bitcoin in good conscience- free markets create more wealth, free flow of money loosens super elites monopoly death grip on the global order. The more they tighten their fists the more bitcoins will slip through their fingers!
Agreed ~
336  Economy / Securities / Re: ASICMINER Speculation Thread on: July 12, 2013, 09:41:01 AM
Anyone looking for a bargain head down to Havelock Investments: AM100 shares available at ฿0.0395   right now

The mad stupidity in Sandstorm forced me to liquidate just a smidgen to play with it for my personal amusement haha
Facepalms all around
Why such a big difference ??
337  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: July 12, 2013, 01:52:48 AM
ASICMINER just finished a 14 transaction block of 175BTC.  I didn't even know that was possible..

Sometimes people accidentally put the transaction amount as the mining fee. Poor guy!
Hashrate goes like superstar~~~~ Grin Grin Grin Grin
338  Economy / Collectibles / Re: Now Here: Casascius 1000 BTC Fine Gold Coin on: July 12, 2013, 01:51:25 AM
This coin is world highest face-value currency...



fcking hell...

This coin was worth 260000$ back in april Shocked
The gold value was almost negligible!  Tongue

cant wait until btc breaks 1000 Smiley

If BTC ever reaches 100,000 (in the far future of course Wink ) this coin will be worth more than the nominal GDP of Nauru, Tuvalu and Montserrat.

http://en.wikipedia.org/wiki/List_of_countries_by_GDP_%28nominal%29
who ever bought this coins ,is just going to be win anyway .
339  Economy / Speculation / Re: I am fucking panicking on: July 12, 2013, 01:50:02 AM
I gave legitimate reasons in my post that was responded to with swearing and racism.

You probably need to be educated to really understand what I was saying.

Some people just don't "get" Bitcoin and if they don't it's not my problem  Cheesy
For real? You certainly didn't respond to much of my post. I will rebut you now, but considering your incessant whining about "swearing" and repetition of the same "revolution" talk, I'd drop the attitude. If you want to educate us, please go ahead. But don't repeat the same baseless shit over and over when someone rebuts you. Yeah, that's right. I said "shit." When someone asks about utility, no one cares about an "art experiment." If you want to spread gospel, take it outside the speculation forum, because we're not all pigs here.
A few quick examples but really you guys should do more research!
That we disagree ≠ I haven't done research.
- There are invisible barriers to entry for people from many countries (especially in Africa and the Middle East) where it is virtually impossible for people to open a Paypal account. Artists, authors, entrepreneurs and more can easily accept payment in Bitcoin for their services from anyone anywhere in the world.

- Paypal and Visa transaction fees make micropayments (payments under $1 US) virtually impossible. These are easy, fast and convenient with BTC so for example someone can accept micro payment donations on their blog.
Again, that people can use bitcoin as currency doesn't mean that the unbanked and those who otherwise use mobile payments don't prefer services like payza, m-pesa, fortumo, text2pay, impulsepay, junglepay, onebip, boku, zong, venmo, dwolla, or dozens of other mobile services... or prepaid cards linked to digital wallets. There's only 11 million bitcoin addresses; zong has served triple that number of customers alone. Paypal has moved into mobile payments as well -- where is it "virtually impossible" to open an account? All you need is a phone and an email address.

Re fees, some of these services allow for free/cheap micropayments, or at least schedules that rival or best bitcoin. With e-commerce, these providers often charge the customer no transaction fees and instead pass them on to the merchant. Payza users can receive up to $400 a month free (sending money is free), which is significant in re to remittances. Certainly beats 7% or 15% you might pay on a single bitcoin micropayment, since you bring it up. Admittedly, once you start taking in enough money, you'll get hit with 25 cent transaction fees, which means you probably wouldn't want to receive less than ~$1.50 - $2 at a time to stay in that range. If you use Paypal as a digital wallet (not as a merchant), then transferring money to friends and family is free. Outside the US, 0.5% to 2%, tops. So let's say I want to pay someone $.50. If BTC=$100, and tx fee = .0005, you pay 10% / $.05 with bitcoin. With Paypal, 2% or less / $.01 or less.

Yeah, Paypal wins.
- Bitcoin is the first P2P currency in the history of the world and the first decentralized currency to have a value which is not tied to any one nation state. In terms of the evolution of humanity I see this as an amazing thing. It is the first truly global currency which ANYONE can participate in and accept payment in quickly and easily.
This "bitcoin revolution" stuff doesn't add anything. Like other web/mobile payment systems, you can send/receive money virtually instantly to an electronic address. Yes, it's not tied to a government -- but we're talking about utility here, not political philosophy and idealism.
BITCOIN for 100% control of your fund, and nobody can take it from you, and even the government can't , in addition if during the war , you local currency will be useless and if you use bitcoin ,you can always save your money no matter what happen to your government....this just revolution ,the first time ever we could 100% secure or fund ,no matter what happen with our country.
340  Economy / Speculation / Re: Thank you to all the Terrified BTC Sellers! on: July 12, 2013, 01:47:01 AM
Of course,I did tell them, but they said according to their bank regulation that they can't gives me that amount of cash regard to my current transaction history.(I got several large amount of payments come in and come out recently.) Finally, no matter what I said to them , they just pretend ignored and the result is I can't get the Cash ~~~ Appreciated what good job they did ,thanks to HSBC....

Sounds like you need to start looking for a new bank.
Bitcoin is my new banker ,I am get out of ancient banking system ,dislike it because they always got reason to reject you ,and also they working for government ,if anything wrong or the government unhappy ,they can seize your account within minute, and what you could do ?nothing ....
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