At this point, I don't think the act of merchants accepting BTC through a 3rd party BTC processor will bring the price up even if it's Amazon. If they put it on their homepage they accept BTC or they accept BTC without a 3rd party processor, that will bring the price up! Even overstock.com website, it doesn't link to any BTC education site. |
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Seeing as how it's impossible to withdraw USD funds at this time. I don't see how Mtgox USD can be valued at USD. I suppose there's 2 options.
A. No Capital gains until it hits your bank account.
B. Mtgox USD needs to be converted to Bitstamp USD and pay taxes on that.
Thoughts? Technically this is considered disputed funds right?
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Looks like another dinosaur.  Feel free to draw one in. |
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Well I bought at Mtgox $915 last night thinking that 300 Buy wall at $900 looks really secure so I can get a good night's sleep. Of course when I woke up today it was already gone. And now we're back at 915...  either you manipulate the walls or the walls manipulate you 300 coins is not a wall anyway. That is just someone's buy order. 2,000+ coins is a wall. I haven't seen a 2000+ coins a wall on Mtgox in quite awhile. |
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Well I bought at Mtgox $915 last night thinking that 300 Buy wall at $900 looks really secure so I can get a good night's sleep. Of course when I woke up today it was already gone. And now we're back at 915... |
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Those guys putting in market buy orders on MtGox when the ask volume is so slim.... I feel bad for them. They don't know what they're walking into.... I was wondering what the hell is going on for a long time. they want coins.. want to lock em , put em in cold storage and wait ..5 years.. maybe a year who knows.. they control the money and so they choose how to spend it. Sure, but you had to wonder why there was such low ask volume on Mtgox from 915-960 and yet the price was still going down. They thought they could reverse the trend yet they weren't looking at the bigger picture. The market order was up to 930. The price might go up now since some things have changed. But at that time I felt it was a terrible move. |
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Those guys putting in market buy orders on MtGox when the ask volume is so slim.... I feel bad for them. They don't know what they're walking into.... I was wondering what the hell is going on for a long time. |
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On Mtgox, there's 443 BTC until the huge wall at $900 of 491....
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I wish these companies accepting bitcoin would give customers a percentage off when using bitcoin. They are saving fees from their regular payment processors and paypal etc, so why not pass some savings to the customer. Then there would not be this talk of these companies not having a positive impact on bitcoin. I know they are essentially spreading the word, but has anyone bought bitcoin for the first time just to buy from these companies that accept bitcoin?
This is a key reason to buy the rumor, sell the news. You never know how short the peak will be once news like this is out, as we have seen.
Price would have skyrocketed if there was a link on the homepage to accepting BTC with info about it. Then purchasing your first BTC at coinbase with commission to overstock for sales. |
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http://trading.i286.org/Who runs this? Is there a way to give suggestions? I'd like a filter to remove from the trade history all trades under 0.1 BTC. Those bots are getting really annoying. Other than that, it works great! 
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3. I can't sleep at night when all my money is in BTC, but I can when it's in fiat.
Stop loss orders work for me. Doesn't work for me. I'd rather let the market run rather then not making an informed decision while I'm asleep. I think there in lies the problem. I just care too much when my money is in BTC and have to check charts, price, FUD, every minute. I'm not 100% fiat obviously. Just enough that I'm not forced to check 24/7. Hodling until the days of an extremely high price, or a time when volatility is extremely low, will be well worth the stress involved. If you are a day trader, then the stress is part of the job with this market. I might be the first person to go bald due to stress caused by bitcoin lol. I had 95% of my savings in bitcoin by the end of February, so I've been on a hell of a ride since then (currently dissolved). Days of extremely high price? We hit MtGox $1090 from $450 in the last month. As far as I'm concerned $600 at the time was considered a high price for me. The price right now $940 is considered high. This trend has been incredibly hard to predict as we've pretty much flatlined after every other tremendous drop. I suppose if the market was behaving with my trades it would be less stressful, but so far I've made nothing but incorrect trades since the last drop. The problem is there just isn't a time with low volatility. With every new merchant, FUD, or news means more research and the process starts over again. |
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3. I can't sleep at night when all my money is in BTC, but I can when it's in fiat.
Stop loss orders work for me. Doesn't work for me. I'd rather let the market run rather then not making an informed decision while I'm asleep. I think there in lies the problem. I just care too much when my money is in BTC and have to check charts, price, FUD, every minute. I'm not 100% fiat obviously. Just enough that I'm not forced to check 24/7. Methinks that 1800 dollars is too much money to gamble. (My betting limit is a pizza and a beer, and I have made only three or four such bets in my life.) I would rather spend that money on tools or other grown-up toys.
I am not a betting person either so I get this. I used to think that Bitcoin was a bit of a gamble but as time has gone on I have come to realize that in a strange way, our fiat is a gamble too. Pretty much everything we have our money invested in has some risks. Real estate can lose value, even gold and silver fluctuate in value, although it can hold value better than some things. Nothing in life is a "sure thing." The wise person makes educated guesses and puts money where there is less risk in doing so I believe. So far Bitcoin has shown to be the best store of value I have ever had the opportunity to have though. I am rethinking how I look at things because of this. The coins are the last resort we use when we need funds. Unfortunately it looks like we will have to sell one in the next week to pay some bills thanks to a bigger than expected credit card bill because of Christmas and some extra curricular activities for the kids. Maybe I am too optimistic about where BTC is going? I am not sure, but I would way rather hold them right now if at all possible. Timing is everything when it comes to investments. Like you said market goes "up" and "down" and you want to tap that resource on your terms not when you have to make a desperate fiat conversion. Take more risks when the money has little chance of being needed and put something away long term. Even US taxes hurt if you need the money right away because you'll be losing another 10% on short term Capital gains. |
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For someone who isn't optimistic about the future of Bitcoin, you sure are around a lot. What are you doing? Research?
Basically yes. I do not expect to make any great discoveries, but as a computer scientist I am supposed to understand Bitcoin (and have a reasoned opinion about it). As I said before, I am satisfied that the technical part is sound, but I still cannot see how it can succeed economically. I am still trying to understand how the market works (if it does). People who take risks are the ones typically rewarded. Even if you were to buy two bitcoins. If they double in price sell one and you've earned a free one. If they halve in price sell both and you lost half of your investment. It's a calculated risk with great reward potential.
Methinks that 1800 dollars is too much money to gamble. (My betting limit is a pizza and a beer, and I have made only three or four such bets in my life.) I would rather spend that money on tools or other grown-up toys. He feels like he missed the boat so instead of buying now and hoping for a continued growth he wishes for its failure so he can validate his decision not to enter the market.
That too, I suppose.  There are ton of factors why I'm not all in BTC either. 1. Price skyrocketed in the last 3-4 weeks. 2. FBI's coins 3. I can't sleep at night when all my money is in BTC, but I can when it's in fiat. This is because there appears to be a fiat investment opportunity to look into which has a stable growth potential that I must look into first. 4. Stupid alt-coins. 5. Jan 31 in China and other unpredictable China announcements. 6. Overstock accepting BTC price increase was less than satisfactory. Is it because they're selling everything right away and that's affecting the price negatively? |
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Bitcoin doesn't offer any advantage over the existing solutions (bank transfer, visa, paypal) in case of buying clothes, ...
It offers lots, but here's a big one: Online purchases using credit cards and other existing solutions expose you to the risk of having sensitive information stolen (credit card numbers, paypal passwords, etc). Bitcoin allows you to make a purchase without exposing yourself to this risk. BOOM! Oh you mean if only Target accepted BTC? Well, paying my credit card also gets me a interest free loan for a few weeks. |
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That's my point. You'd think an announcement like that would be shared with every single person visiting their site. Yet it's not. |
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Is this on their homepage anywhere? Because I sure as hell couldn't find it.
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I panic sold too (not everything of course) took a huge loss! The price could go up, but with China news and being overinflated I give up. Closing all charts and forums for the rest of the day. I feel like crap, but I can't concentrate knowing the price was going to go down. Good luck everyone else. |
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Getting rid of China is bullish?   |
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Well someone on Mtgox really wants the price to stay above $952.21
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