bitcoin is stable! beat inflation and dump your life savings into bitcoin  |
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No, I'm in it at the moment as are two others. 'GoWest' and 'myself'.
hmmm, it keeps saying the chat server is not responding when I try to get in. I'll just try back in a little bit you guys should use skype |
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look cute little bitcoins in the windows  one of them looks evil  |
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5$ has become the front line!
the bull appears to have the advantage, but the 5$ battle just started
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new bid walls being tested
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Every time something like this happens, I have to stop myself from posting something like "ralllllllllllllllllllllllllllllllllllllllllllly  " i couldn't help myself  the walls were bought into check the volume http://www.nasa.gov/62282main_countdown_launch.wav |
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anyone see if that wall was removed or sold into?
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Wow this got moved quick! Just to show that it was in the correct section, I speculate that he has been busy with taxes. You know, making a hundred-thousand dollars on Bitcoin is too difficult to hide from Uncle Sam. soon he's going to realize that would of been better off holding his profits in BTC |
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I think btc price will definitely rise after december and demand might just push it above 20 in february or so, It helps when your wife is an economist Why should that be the case? It might happen, but there are reasons to think the price won't go up after the reward halving. miners have little impact on the market right now, they will have half that impact after the reward halving. that is all |
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Naked Mortal Kombat Bitcoy VS Mintchick -- Fight!!! Edit: who's good at making Youtube videos? me what do you have in mind? Bitcoy VS Mintchick -- Fight!!! k ill get started tomorrow |
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The legal tender issue is an interesting one but I doubt it will have any practical impact. Legal tender doesn't obligate someone from accepting currency in any specific form (for example the bank isn't required to accept a dump truck of pennies to pay off your mortgage).
Actually, you picked exactly the wrong example of why legal tender laws don't matter. People are legally obligated to accept legal tender (even in ridiculous forms, such as a dump truck full of pennies) for the payment of debts (eg, taxes, mortgages, bills, etc) (however, non-legal tender may still be used to pay off debts if both parties agree to it). The reason for legal tender laws is that if someone refused to accept payment for a debt and the case went to court, the judge would be extremely annoyed to learn that the debtor actually is willing and able to pay his debt, and that his attempts to do so were refused for arbitrary reasons. However, legal tender laws do not apply when the transaction is not a payment of a debt (eg, retail purchases, bank deposits, etc), so people are not obligated to accept legal tender in these situations (which includes most of the transactions that MintChip will be used for). I believe that Canada has a limit of 50 pennies for any single cash transaction. Canada no longer uses pennies but i'm still getting some back in my change, i think i might start paying cash to get my penny collection bigger lol! |
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My kid attends a technical school here in town. I've thought of introducing their class to some kind of Bitcoin project like show them what it is, how it works and give each student $1. Then ask them to barter with the rest of the class over a month. Suggest that some can invent or create products and services (like crafts or something). There will be some producers, some consumers, some speculators just like what we're doing. One day a week the teacher could let the kids go barter wild for a half hour talking about their good or service. At the end of the month we'd take a tally of how many bitcoins each student had and measure the economy. They could write reports on their experience. My only hesitance is their grade is borderline not ready for this, i.e. next year would be better. The year is almost up anyway.
+1 I'll be thinking of the same thing in 6 years :p by then most 12 year old would be buying Weed with bitcoin, from their local dealer, on their own.... what' you gana do...kids! |
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long term I'm bullish, as is everyone else here it would seem to be but 1 years isn't long term. I think this year we wont be seeing any crazy bubbles, but we will see a slow and very much not steady rise, i would say the best strategy would be to support bitcions by using it. play games where the bitcoin has become part of it's economy. I know diablo3 will play a key role in bringing bitcoin to gamers (because in hardcore mode their will not be an auction house for real money). come Xmas time, buy gifts using bitcoin. If you smoke then considered saving money by buying European cigarettes for bitcoin. Positive brings Positive. Stop thinking what bitcoin can do for you, instead think what you can do for bitcion. |
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take a step back. look at All Data chart. ask your self the following questions why 0.5$ why 5$ why 30$ why 14$ why 2$ why 7$ why 5$ now all that considered, is 5$ the new 0.50$  |
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I should say that come Nov when the rewards are halve, the prices of Bitcoins are sure to go up. Supply down by half, prices 100% up, however it can reach $20
The supply will not be down by half. Production will be down by half. The day after the reward halving there will be basically the same number of total bitcoins in supply as there was the day before. Again, people are underestimating the moral impact this will have. I am pretty sure that $10 will be easily reached come Xmas 2012 ! For now, I think $8 or $5 is reasonable, seeing as we had $7.2 this year. Moral impact? This isn't a moral issue. We're just dealing with ordinary facts here. (1) The block reward will drop from 50/block to 25/block. (2) The total supply of bitcoins on the market will not drop by half when the block reward changes. (3) The total supply of bitcoins on the market will be essentially the same the day after the block reward change as it was before. I can't say exactly how the market will respond to the change when it happens. I do think it's being priced in already. I don't think it's a sure bet that the price of bitcoins at the end of this year will be much higher, or higher at all, than the price right now. right, its never a sure bet I think the effects will take time to get priced. my best guess is we wontsee a speculative bubble, the market trend (weather up or down) will not really be effected, all that will happen is selling pressure will be reduced about 5-10% |
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Cryptome.org was hosting black hole exploit kit for 4 days a couple weeks ago before anybody figured it out. Who knows how many thousands of people were backdoored
Interesting more details? |
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we should of gone below 4$ and slowly climbed from their.
but we didn't.
the longer we hold in the high 4's the more intense the correction will be.
why?
because every time we hit 5 how, many fools go short? too many fools
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I think we're going over 5$.
I also think that it'll be a long time before we can leave 4.xx$ permanently behind.
ya we are going to see this 10cent up 9cent drop over and over, but i think we are near a breaking point, where we will see a correction up and then a nice rise to 8$ |
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I am starting to not trust the trade data I see at all. Its too easy to place and remove orders or for mtgox to swindle us with a few ghost walls. I am using http://btccharts.com/#m=mtgox-BTC-USD now - zoomed into the 5000$ range; much harder to swindle when it may actually get bought/sold up. Right now I think someone is trying to push it high and get us to buy - I won't, already sold at 4.935. At least I haven't lost money with my new strategy yet: Stay calm, calculate and buy/sell only with auto orders at the lows/highs. I will need better data to trade by though, mtgox' feed is not it. sounds good to me |
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damn i am losing income  No you're not.  never bet against money |
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