I agree on the slow-and-steady pattern. What will ultimately get things going is more market depth, and then the final transition where you can actually live on bitcoins. But that is quite a ways off. Can't wait, myself.
Do you think that people can get past the psychological barrier of paying with a deflationary currency? For example if deflationary currency is possible things will cost 0.00000021BTC in the future. We are literally asking people to count backwards, and it's a totally new concept that would seem not work in a practical every day environment. When I was born, about 100,000 of the currency of my native country would have bought you a house. By the time I turned 12, two zeroes had been removed, but the same 100,000 could only buy you a carton of milk. Around my 17th birthday, another four zeroes were gone, and it couldn't buy you a single match or a candy. I can live with a deflationary currency, trust me. Just move the decimal place every five years or so. |
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- US announcing law against virtual currencies including bitcoin (from 27th of September, if i recall correctly)
why the fuck would u write something so ridiculous only 2 possibilities: 1) you are retarded and believe naked sex news or something like that 2) you have something to gain ...and I'd appreciate it if your posts became more content less insult I believe this was already debunked in a previous thread |
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When you don't sell them you are signaling to the market that you value them more than the $11 - hence you are buying them.
No, buying is buying ... not selling is not selling. If someone gives me an apple that they grew, I didn't buy it. But if that same apple would be sold at the market for 2 dollars, and you could only get apples at the market, that person can either give you the apple or two dollars. Same same. |
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Just ask GeniusXboy what he's doing, then go and do exactly the opposite!
I approve this strategy. Hey GeniusXboy, is gold going up or down? I have a feeling GeniusXboy has been swallowed by the vortex of bull/bear indecision... shame, he was such a nice boy. |
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Just ask GeniusXboy what he's doing, then go and do exactly the opposite!
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Not sure about more expensive, but on another thread someone's selling a 1999 Hyundai Elantra for 750 BTC... definitely the most overpriced  |
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Heh... dude, you need answers... I need bitcoins!
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You could also buy them on https://bitmarket.eu using paypal. I did this a few times, and always had them within a few hours. This is your solution. Bit market.eu, open an account, pay with paypal and you'll have your BTC in under an hour. Edit:if you happen to be in Canada, you should give Virtex a try (cavirtex.com) |
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Why would we want anything other than for bitcoin to inrease in value? None of us will ever have all the bitcoins we'd like to have, but it really doesn't matter, does it? If their value rises, you just get fewer bitcoins, which is ok, because their value will rise!
So what if their price is such that I can only buy 50 more instead of 100? Everything in the BTC economy will be adjusted to reflect their current value, and bitcoins are (technically, will be) deflationary, so those 50 BTC will actually be the same use to me later on as the 100 would have been.
Now, if I somehow manipulate the market to drop their value, by either dumping large amounts hopingmto buy back later, or by already FUD, I risk losing everything.
Am I happy with the number of BTC I own? Nope, and probably never will be, but as long as their value keeps climbing, I won't really care.
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THIS was an epiphany??? I'd hate to be around when you have a nightmare... |
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The weekend is coming and so is another price drop. I said before I suspect we will hit several plateaus on the way down to a new low. This time I think we will go below $6.
I also agree Bitcoin is currently overvalued. It needs to consolidate in the low single digits, the wealth needs to be redistributed so everyone currently holding Bitcoins is able to hold a sizeable portion of them, as the Bitcoin community infrastructure continues to develop and expand. Only then will Bitcoin's value be realised and we will see rallies unlike anything we have seen so far as we hit all new all-time highs.
A price drop will not bring consolidation, quite the opposite. When the price becomes attractive enough, one big player will typically drop enough money to buy several thousand BTC at once. And of course OP has it backwards. It was the large dumps of BTC that caused the market to drop, not the other way around. Regrettably, while we know Edward50's tactics all too well (check previous posts) we don't really know his/her ulterior motives. |
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Anyone has a feeling that there will be a big huge sell just before the return of the MtGox fees? ... or it may be a buy??  There will probably be a good amount of sells before the time limit for sure, hopefully nobody will panic about all the sells and drive the market down. What time is 23.59 GMT in american eastern standard time. I can never seem to find the right answers. 8 pm eastern |
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Monkey, meet ouija board... Ouija board, meet monkey |
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Assuming you're in the U.S. with me
Assume not, and realize that one country's fully legal pornography is considered child pornography in the US. Everyone's just asking for you to protect yourself, really  Really? Which country exactly is this where explicit sexual images involving children are acceptable? What a daft, daft thing to say. In Japan, the legal age before you can have sex is 14. Given consent, a couple could film their experience. Whether it's posted online or not, dunno about that. Age of consent is a COMPLETELY different legal matter... In fact, try to get your hands on som LEGAL pornography in Japan, let alone one where the people involved are minors. |
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Why does your company pay 2 people to chat on the forum of a relatively small community?
I'm not a Paxum employee, but: 1) maybe this isn't all they do, and 2) maybe they think bitcoin has a good chance if growing in the coming months/years, and asking two employees to stay in touch with the community is not a bad idea |
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Assuming you're in the U.S. with me
Assume not, and realize that one country's fully legal pornography is considered child pornography in the US. Everyone's just asking for you to protect yourself, really Really? Which country exactly is this where explicit sexual images involving children are acceptable? What a daft, daft thing to say. |
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Can we go a week without major drama?
That really would be a new beginning for bitcoin I think. One of these days, these "hackers" are going to sit there and think "Damn, everything's already been done!" and hopefully leave the scene. I know, wishful thinking. PS. $5 seems to be the cost that most miners will still make a somewhat noticeable profit, so that's my guess. I doubt the hackers will ever say that, but they JUST might realize that bitcoin is THEIR currency, and their hacking attempts are the equivalent of shooting themselves in the foot. |
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Let's say I had 100 USD to start a currency exchange. So let's say I make a forum thread exchanging gold, silver, USD, and BTC. But then it hits me! If everyone wants BTC, however how can I get the BTC to give them without buying it from another currency exchange!?
Basically my point is, being a currency exchanger requires using a currency exchanger unless I misunderstand something (I think I do, so I'm curious how this works).
Discuss.
YOU don't exchange the BTC, you're just the virtual place where others exchange their BTC for gold, USD or whatever. You just make .65% of each transaction. |
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If enough people believe a particular pattern produces a predictable pattern, then they will collectively make it happen. If due to publicly visible tea leaves I believe the price will drop, then I will sell as will many others who are also watching the same tea leaves. Whether or not the tea leaves have any correlation to the asset is irrelevant if the tea leaves influence behavior and behavior IS the market. You may choose to bet against the herd, but you would be ill advised to ignore the herd nor ignore what the herd is watching.
Poker is also a game of chance. But statistics and psychology help not a little.
The above is quite correct, with two caveats: 1) Collective behaviour will take you so far, but past that point there are forces that are much stronger. 2) There are still hidden variables in this game. In poker, you at least know how many cards in a deck... things like the mybitcoin fiasco (and bitomat, and mtgox a few weeks back, and so on) are the equivalent of adding two extra aces to the deck... or removing two, depending on which side you're on. In the case of bitcoin, the hacks have set the whole experiment back quite a bit. But it will still move in the direction it would have moved without them. And perhaps, like a relationship that was destined to fail, it's better that these events happened now, early on in bitcoin's history, as opposed to three or four years from now. |
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