Why are the polls on here are always so bullish, no 200 or 300? Not even 450?
>540 is pretty bearish cause it encompasses everything below it. Shouldn't it be <540? |
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http://china.dwnews.com/news/2013-12-16/59357811.htmlO M G ! ! ! TL;DR Translation: Satoshi Nakamoto located and apprehended by Chinese government. Was carrying emergency bitcoin shutoff code. Chinese government plans to use code to shutdown bitcoin network. Satoshi charged with criminal economic disruption. Coindesk is getting ready to publish an article corroborating this news from internal sources. This is the end guys. fake...? BREAKING NEWS: Proudhon knows what Coindesk is going to publish before they publish! The end is near (The end of the FUD) |
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Thanks heavens I took enough out to do next year's projects rather than waiting to start until the turn of the year to use the capital gains tax scam (perfectly legal, but still a scam imho.) $1000/BTC this year is equiv to $750/BTC next year if I can fit into the 0% capital gains keyhole. Roughly. My last bunch of withdraws were at over $1000/BTC but I usually didn't get near Mt. Gox pricing at Coinbase. Now I can rest on my heels and see if it looks like this collapse will blow over. Didn't convert any BTC into PM's as I'd hoped though.
http://en.wikipedia.org/wiki/Wash_sale |
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Wow, you actually believe the US has the gold?
no, he said they will have to purchase the physical But he seems to focus on transportation and also seems to think this will happen fast. "Fast"? Well, before 7 years is up, if you call that fast. It is in the bullion bank's interest to drive the price down as quickly as they can to get it done, but the faster they go the more expensive it will be. Logistically, it could be done in a week if they had the gold at hand.The point is I dont know when. You don't know, and we shouldn't expect to be told ahead of delivery. Someone will know, but that isn't us. |
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Yes it is more complicated. Such is true of everything.
I think this recent article sums up the relationship between QE1 to QE3, Taper and M1 quite eloquently. Nevertheless, the world is full of opinions on Gold's trajectory. I think it makes the most sense to carefully watch the general opinion on investing in paper and other assets and monitor if and to which degree trust in the system starts to wane. Then and only then, PM's will have their finest moments. This moment could still be years away. Agreed. I'd wager the trajectory is downward until Germany has their gold back. 2020? Sooner. US said 7 years, but we won't be informed until after it occurs, which will expected to be ahead of that time. They could do it in 2 Jet loads, (as soon as they buy the physical from driving down the price of the paper gold). It could be happening now, I doubt security will allow any advance notice. |
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i thought about this more... the guy is selling a piece of metal with a code on it that stores money from the purchaser... it's like going to Cartier and buying a nice leather wallet and putting your credit cards and cash into it before completing the purchase of the wallet.
Did Cartier engage in money transmission?
Basically now EVERY COMMERCE TRANSACTION is money transmission?
I'm guilty I guess, I transmitted some money to the local coffee shop for some coffee. Please arrest me.
This is very apt. Casascius pieces are wallets. Part of the payment goes in the wallet. If the invoices were itemized as such, then it would be about the same as you describe. I can't see how this is money transfer unless the wallets are going directly to persons other than the purchasers. It is a product sale. This registration requirement ought be challenged, even if you are also complying for simplicity's sake. |
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Yes it is more complicated. Such is true of everything.
I think this recent article sums up the relationship between QE1 to QE3, Taper and M1 quite eloquently. Nevertheless, the world is full of opinions on Gold's trajectory. I think it makes the most sense to carefully watch the general opinion on investing in paper and other assets and monitor if and to which degree trust in the system starts to wane. Then and only then, PM's will have their finest moments. This moment could still be years away. Agreed. I'd wager the trajectory is downward until Germany has their gold back. |
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Nice work.
The improvements are excellent.
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I would really like to see a day with like 500,000 volume on mtgox to give me confidence that a bottom is in. I've been watching all the exchanges and all of the action has been weaksauce - no evidence of any kind real capitulation , plus they're still following BT China which is a sinking ship.
100K tends to mark local bottoms. |
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you guys are not giving enough credit to stamp, its the healthiest exchange with working in/out fiat and it is not losing in volume to gox, as long as 650 holds we're not entering bear market
This is your idea of a bull market? Maybe.... consolidation. |
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No no no not yet! I agreed to sell my 25B coin for $21,000 cash. Meeting him at 10pm going to buy back on coinbase then we can go CHOO CHOO all the way to the moon!
Careful. Sometimes Coinbase decides it is a risky transaction when the price rises between the time you pay and when they give you your coins. They can reverse the transaction if it goes against them. You can only do 10 coins a week for certain pricing. |
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35$ difference between Stamp and Btc-e  Looking at the tape... BTC-e may have more arbing with china. 500 sold in a block on BTC china, and BTC-e followed but stamp didn't. Small moves and just looking at the recent stuff, so can't really draw any conclusions. If so, BTC-e will trend closer to China pricing than stamp will, until the arbitraging levels. |
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Mass panic selloff on btce atm, absolutely legit, no doubt about it  I don't know about the emotions, panic or not, but it is brushing against the 650 support. I'll drop in some orders around 625 if it breaks, there is stronger support at 610 but I don't see it going there so soon. |
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If you show up at most any local meetup, meetup.com you can likely arrange something with someone in person as well.
40K in Bitcoin can get picked up pretty fast.
Have had buyers show up at meets looking for 100x that much.
You have had multiple people looking for 4 million in btc? Come on, man. Yes. This is LA, why are you surprised? I just dont see you getting multiple offers for 4 milion dollar deals. One was for US$5 Mill, another was for 4.5K coins, both were in the last 3 months. They were public offers to buy. They were not in jest. There were probably 50 folks in the room for the US$5M offer to buy, so someone else who was there may decide to confirm it. Have had smaller offers but over US$1M as well, in other meets, I didn't see these as crazy or even all that unexpected. I also believe they were all ultimately fulfilled. |
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You could try coinbase though they sometimes delay transfers or cancel them if price fluctuate in your benefit. bitstamp is supposedly working with US but not sure now.
I've had enough trouble with Coinbase for a while. I'm sure Charley Lee can sort them out but nothing happens overnight. I'll give them a month or two. For what its worth, Coinbase is too famous. Had my Wells Fargo account mysteriously cancelled after my first ACHs with coinbase. The bank doesn't need to give a reason for cancels. So I will wait until I have a Simple account set up with coinbase before I do anymore with them. Simple likes bitcoin people and businesses, unafraid and a philosophical ally. |
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Browsing again.
Looking at the sorts of things that few people know me well enough to realize how cool it would be to me...
Nice collection.
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How about an effort to raise funds to propose a constitutional amendment in California and other states which allow popular voting for amendments.
Something like (just a draft):
The State of California shall not regulate the development, creation, exchange, transaction and transmission of virtual currency.
The State of California shall not infringe on the privacy of consumers using virtual currency.
I would like to get this process started.
I personally will match 10% of the first $10000 raised for this.
And will use my own time to find folks who have experience with getting controversial propositions passed. Although I can only imagine the only people to campaign against this would be banks, and we all know how the people love banks.
prophetx - I can provide a vehicle for this if you're truly passionate about it. Check www.coinpac.org or shoot me a PM. are you based in california? i want people who has done this already in cali. since my business in there. i have a few friends (lived in sf for a decade) who know some people who have done a few of these but it depends on if they want to take on the project. I physically work out of Chicago, IL. Coin PAC is an IRS section 527 "super PAC" that can accept contributions without limits from individuals and corporations. We can also spend without limit in support of political objectives. Since we've received such designation, we can operate in California (and any other state). You'd almost have to have a 527 group to fund ads, GOTV efforts, and marketing to get anything serious blocked or passed. Your suggestion is a bold one. It might be easier for you to start supporting candidates that promote bitcoin while opposing candidates that want to over-regulate it. I know the mayor of San Jose is talking about doing some constitutional amendments. It's too bad he hasn't spoke up regarding bitcoin. This is a meaningful offer. It gives the California Constitutional Amendment proposal a tax exempt vehicle through which to organize. Another natural ally here, which you may want to explore would be the 10th Amendment Center. They are also Bitcoin savvy and have a lot of experience in extending local authority over federal authority and how to work with the smaller local governments such as cities counties and states. They may have some draft language that would be a good start. If you need contacts there, send me a PM and I can dig through emails and such. |
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I agree with Cypher that the chart is extremely crude. Specifically because it's just showing debt, not actual money supply. Yes, the Fed is horrifically increasing M2. But M3 is likely still collapsing at a greater rate (though it's a bitch to measure). Hence, no inflation.....yet. I think we'll get nasty, or at least double-digit sustained inflation over the long-haul, but the underlying M3 deflationary dynamics will continue to be dominant for a while longer (years).
I think this is something that a lot of gold-bugs don't understand; they just look at new base-money entering the economy and think it'll insta-spike nominal commodity prices. But fiat money creation and supply is much more complicated.
Yes it is more complicated. Such is true of everything. So go ahead and complain, but make a chart that shows something you see as meaningful, instead of just saying that it is more complicated. The M3 decline from the banks scooping up all the money and not loaning is more of a retracement toward the norm, but it is also (as I think you intimated) like a rubber-band being pulled back. The gold price is deeply manipulated, as are the inflation metrics. I don't know many gold-bugs so I will have to take your word on what they don't understand. |
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I'm very pleased with Matt's ability to pick up enough to be able to explain it to his cohorts.
He is a bitcoin novice, but finance expert (which can really get in the way of learning for many folks).
Watching his daily learning and adventures is heart warming and endearing.
I always enjoyed watching him on Bloomberg, and am very glad he got this assignment. (Bloomberg and CSPAN monitors are on in my office most all the time). Of all the Bloomberg folks, he has the curiosity and sense of adventure that let him convey the spirit of this project.
He has also fallen down the reddit hole so is getting a strong dose of the culture. Kudos to him.
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Working on setting up a wire transfer from my US bank account to BTC-e.
Googling the subject returned lots of people complaining about problems, and a few people stating they have had no trouble as long as you fill out the transfer information with no errors.
I use a brokerage account at Charles Schwab, and they have a section where you can fill out an international wire transfer form.
I called and spoke with an international wire specialist, who told me that the IBAN number alone will give them all the information they need for the actual money transfer.
I am starting with a $2000 transfer, and I will report on here how much actually ends up in my account.
I placed a ticket on the BTC-e support site, but they seem to be very unhelpful. They copy-pasted the wire info from "USD Deposit" in the finances section, but their response did not include the full line starting with FCC that I see in my account information.
The Schwab rep told me to use the bottom 4 boxes on their form to put in the "FCC" details.
Anyone else want to share their experience with BTC-e from a US account?
many my clients making transaction with me using wire transfer from US bank account. and all has been clear there is not problem. important, when destination transfer is clear.  You are with BTC-E? They aren't taking wires from US Customers currently. |
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