These markets are supremely boring right now.
They will get very fucking exciting if Ghash.io gets another 8% hashing power. It is currently sitting on 42% and climbing fast. who runs that pool? I moved back to btcguild because it was the first pool I ever mined at and because the ownership and operations are transparent, mostly ((full disclosure, also because when the difficulty is rising quickly, variance becomes a killer) |
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up or down? what the hell is this on stamp? flatline-----------
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Ok Fact n. 1: venture capitalists, funds and Wall Street are getting heavily into the game; Fact n. 2: Indian exchange is reopening; Fact n. 3: all these news (good and bad) is taking cryptos into the mainstream; Fact n. 4: ATM are getting place in several cities;Fact n. 5: banks bailout is about to happen And so on.....these are some of elements to think about when buyin or sellin....... And oh yeah I almost forgot....HOOOOOODDDDLLLLLLLL!!!!  Forget ATM's, just go to the bitcoin store near you: http://www.calgaryherald.com/Bitcoin+business+opens+Calgary/9234195/story.htmlI look forward to seeing what kind of ID I need to provide, if any. From the looks of things these guys have just been doing peer to peer transactions up until this point. Very interesting to see this unfold... |
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This is the moment all buyers wait for.
Don't kid yourself. That panic selling sweet spot is much lower down than this. Mat! Long time no see! Are you feeling better these days? more importantly sleeping better? *edit* I guess I should at least address the original post since I'm crapping in his thread trying to catch up with an old friend (not really, but I do value MatTheCat's contributions) So my "The philosophy of buying when others panic sell..." is that I am a crap trader. The only way I have been able to consistently increase my btc position has been to simply set a tranche on either side of the price and hope for volatility, (last couple days been very nice  I just make sure that I have my tranches set deep enough to account for whatever occurance. For example lower tranche ends at 288, upper tranche to 4000. worst case outcome is I get cleaned out on either side, If I get cleaned out on the top side, oh well, I cash out a tidy sum. I get cleaned out on the low side, now I've got a ton of coins, but they might be worthless. Oh well, it's been fun, just wait and see if it recovers (lesson learned from that crash after the 32 spike.) |
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ok guys im not depressed anymore if bitcoin hits 10k
i found a job i will be able to do full time once bitcoin hits 10k
since the best option to cash out without paying taxes is to sell it in person without an electronic trail, then i guess the only way is to make it a full time job selling bitcoins locally on craigslist/localbitcoins for cash at small amounts lmao
imagine trying to turn your 10 million dollar bitcoins into physical cash without paying taxes. you would have to sell bitcoins in person via craigslist/localbitcoins probably for 2 years 24/7 ?? hahah
just a thought
don't laugh your ass off just yet http://www.calgaryherald.com/Bitcoin+business+opens+Calgary/9234195/story.htmlpretty sure that's exactly what these guys are doing. mine bitcoin and sell it on the streets. |
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-please excuse, this is a cross-post from something I put in another thread, but I thought it deserves it's own. Maybe it belongs in the news section but this kind of thing has major speculative implications and I like it here better I drove by 3 guys today putting up a Bitcoin Brains sign on 97th street in Edmonton today. Right by the Hope Mission and many other shelters and charities, soup lines etc... I wanted to pull over and ask them what the hell they were doing but there were no parking spots  I drive all over the city for work, I will definitely drop by there soon. When I got home I googled it and found this. http://www.calgaryherald.com/Bitcoin+business+opens+Calgary/9234195/story.htmlNot a mention about the Edmonton shop, from the looks of it the one here is not open for business yet. But what really struck me is that I'm glad the Edmonton one is in one of the most needy areas in town, (although it is pretty much Chinatown for us... maybe Chinese miners?) But I'd much rather see the store there than where that one is in Calgary (looks like a boutique type area, similar to Whyte Ave in Edmonton) Can you imagine the press if you gave all those bums cellphones with wallets that people walking by could drop a few satoshis as they walk by? Can you imagine the profits for this store when all those bums go to cash out? Which leads me to... The Reason I don't want bitcoin to reach $10,000.I feel there is too much focus on the price, and how can we get rich - let's get in bed with the regulators and take this to the moon!. Just listen to this Andreas guy, he's bringing up some points we should be paying more attention to. http://www.youtube.com/watch?v=HYfY7n6sjS4 <-part 1 http://www.youtube.com/watch?v=5sSVVix1EgQ <-part 2 I would love to see it crash like after the 30 dollar bubble, and stay on the down low for some time, but I just can't see that happening at this point. What do you guys think? Is bitcoin going to be co-opted and we continue on with business as usual? Or are we going to see real cultural revolution? *edit* here's the website http://bitcoinbrains.com/ seems legit to me (I'm not even kidding, anyone who has chops in website design, maintenance etc.. you should probably call these guys)
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I drove by 3 guys today putting up a Bitcoin Brains sign on 97th street in Edmonton today. Right by the Hope Mission and many other shelters and charities, soup lines etc... I wanted to pull over and ask them what the hell they were doing but there were no parking spots I drive all over the city for work, I will definitely drop by there soon. When I got home I googled it and found this. http://www.calgaryherald.com/Bitcoin+business+opens+Calgary/9234195/story.htmlNot a mention about the Edmonton shop, from the looks of it the one here is not open for business yet. But what really struck me is that I'm glad the Edmonton one is in one of the most needy areas in town, (although it is pretty much Chinatown for us... maybe Chinese miners?) But I'd much rather see the store there than where that one is in Calgary (looks like a boutique type area, similar to Whyte Ave in Edmonton) Can you imagine the press if you gave all those bums cellphones with wallets that people walking by could drop a few satoshis as they walk by? Can you imagine the profits for this store when all those bums go to cash out? Which leads me to... The Reason I don't want bitcoin to reach $10,000.I feel there is too much focus on the price, and how can we get rich - let's get in bed with the regulators and take this to the moon!. Just listen to this Andreas guy, he's bringing up some points we should be paying more attention to. http://www.youtube.com/watch?v=HYfY7n6sjS4 <-part 1 http://www.youtube.com/watch?v=5sSVVix1EgQ <-part 2 I would love to see it crash like after the 30 dollar bubble, but I just can't see that happening at this point. |
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The value of Bitcoin is on a slight upward trend on the major exchanges on the very first day of 2014 after having been on a flat level for a while. It's definitely a good head start  No shit Sherlock! "slight upward trend"  oh really Since January 1st we are up about 300 bucks. ... and now I realize I'm being trolled... well done, hat's off. *edit* anyways, I might as well finish my thought. I think it's all nice that bitcoin is booming in value, but you can't let the value in relation to this fiat currency paradigm that we have grown up in. there is much more to the bitcoin protocol than lambo's (no offense to goat, kudos rather) I know I've been spamming this about, but seriously, listen to what he's saying. http://youtu.be/HYfY7n6sjS4 |
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Maybe i should get a new one?
Definitely! next one should be pink. His and hers lambo's, seems only fitting. Seriously though, personally, I'd love to cruise around doing service calls in a Ferrari, but considering that our roads are ice for 8 months out of the year... I may need to "settle" for a Benz.   |
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We are about to enter the painful 2-year downtrend. See you at $10. I wish. |
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Well, this has been quite exciting... let's say, hypothetically speaking  If you had an upper tranche that has been getting nibbled at all weekend, at what price do you start to back-fill your lower tranche? 750 too high? too low? much confuse the answer is HODL! If I'd always been hodling, I'd never have been able to maintain a decent mining income, though as my mining proceeds continue to dwindle, I do feel the lure of trying to grind out a few extra coins off of the volatility. I realize and understand the risk, but I will not likely be getting any new hardware for at least a couple months, and I get uncomfortable when mining is producing less than a certain amount per week... |
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Well, this has been quite exciting... let's say, hypothetically speaking If you had an upper tranche that has been getting nibbled at all weekend, at what price do you start to back-fill your lower tranche? 750 too high? too low? much confuse |
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goooooood morning bitcoin!
adam's here! buy bUY BUY Excellent, good morning Adam! We've had a rather exciting early morning, time for a little sunday afternoon nap (even though it's still morning in my time-zone, whatever, bitcoin don't care, and neither do I  ) Please someone replace the brake-pads on this donkey rocket already. I don't want to wake up and see 1200 again. At least not yet. |
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That stamp wall at 900 just got pulled right? not eaten? please tell me it wasn't eaten. We need those coins to try to slow this train.
*never mind, looks like it's back... just below 900, for now....
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wtf is this? are we rabid dogs? i just made as much as i made in the previous 9-day period in the last hour  not efficient in the slightest, guys. prepare for some serious profit-taking at the end of this ride  sometimes i believe the whole bit about speculators enhancing liquidity and such but other times i think it's a load of shit and all of this volatility is greed and fear manifested. good job newbs Arepo it appears to me you are losing your cool fast as you did not believe we were essentially past the China bubble. Please tell me at what point you will accept that this thing is going to be much bigger much quicker than you thought it would be? not sure what you mean. the bolded statement should have made it clear that i was in proper position for this -- it in no way took me by surprise. i'm quite pleased with the profits, actually however, we are far above the trendline now and we're going to pay for it later. and boom! there she goes! big spike down, was 890 stamp the short-medium term top? no lol perhaps not quite, but that spike said to me that 890 was a point of contention. on the way up, it was resistance, hopefully on the way down it provides support. |
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wtf is this? are we rabid dogs? i just made as much as i made in the previous 9-day period in the last hour not efficient in the slightest, guys. prepare for some serious profit-taking at the end of this ride sometimes i believe the whole bit about speculators enhancing liquidity and such but other times i think it's a load of shit and all of this volatility is greed and fear manifested. good job newbs Arepo it appears to me you are losing your cool fast as you did not believe we were essentially past the China bubble. Please tell me at what point you will accept that this thing is going to be much bigger much quicker than you thought it would be? not sure what you mean. the bolded statement should have made it clear that i was in proper position for this -- it in no way took me by surprise. i'm quite pleased with the profits, actually however, we are far above the trendline now and we're going to pay for it later. and boom! there she goes! big spike down, was 890 stamp the short-medium term top? |
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Can someone please pull the reigns on this runaway bitcoin donkey?
We need to develop some brakes for this bitcoin train, lol.
We need a rocket-powered Bitcoin donkey meme! Please will someone get on the case?!! You mean a donkey like in poker? You think it's a bulltrap? http://www.directoryonlinepoker.com/poker-dictionary/#DonkeyDon't think so, today is going to be a good day! Choo Choo This is the beautiful irony of the rocket-donkey! |
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Can someone please pull the reigns on this runaway bitcoin donkey?
We need to develop some brakes for this bitcoin train, lol.
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i think many guys here are really calm holding bulls because they bought under 10 USD...so it is little bit more easy to hodl i think...
It's irrelevant at what price you bought for deciding whether or not to hold an investment. It depends on the person. I have more money than I have ever had in my life invested in Bitcoin. Had I earned that money through a regular job, there is no way I would consider putting it all into Bitcoin. But since it came so easy, it wouldn't hurt so much if I lost it all. Probably how I would feel too. It's not rational however It's not rational at all, but I feel the same way. I've been trying to ask myself if I had all my bitcoin-value in FIAT... would I buy as many bitcoins as I own now? Answer is usually: no, not even close, I wouldn't. Then why am I not selling. Well, I actually am, but I can't bring myself to sell even close to the required amount. Selling precious coins when you're a bull is extremely hard. Harder than "not buying" even though you're bullish, I guess. Agreed, I think that once you have coins, and have given them away for fiat in return, and then you realize why you had those coins in the first place.... I guess it just strengthens your resolve to hodl firmly to the few coins you have left. (*relatively few, they may still be a significant amount, but in relation to what you once had, they are few*) |
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Sorry to be a killjoy but for the time being fuck the Lambos! Please everyone prepare a small amount of your stash (doesn't have to be anything more than one twentieth perhaps?) in a wallet that is as easy for you to use and as portable as possible. Then buy small stuff! A hamburger, a Zynga APP, a sex toy... doesn't matter what just do it! If you want the growth to continue then merchants have got to report sales or it won't work in the long term.
Boring I know, but for most the Lambos will come a bit later! I disagree with that bolded statement. Perhaps if you are talking about the growth in profits for the payment processors, then you would be correct. bitcoin is much more that just a payment processing platform. please listen to this, I found it brought me back down to earth a bit and made me reconsider/remember why I'm really in this game. especially the second half where that Andreas guy is talking about his different experiences at various conferences. http://letstalkbitcoin.com/e72-powerful-perspectives/Sorry but the link is not working for me neither can I access it via Google. Don't know what's wrong. Could you summarise? I may be presuming things, but is it a discussion about Bitcoin the payments system and other uses of the Bitcoin protocol which do not revolve around Bitcoin necessarily being used as a currency? I really do believe there are myriad potential applications for Bitcoin but that may turn out to be a type of weakness in the long-term. If problems arise with one application this may have a knock on effect in others. The fact is right now there is a lot of media coverage of Bitcoin the currency which can be used to purchase anything from a hamburger to a house. But if all this hype turns out to have no substance that will have a negative impact. [/quote] apologies, my link had some stupid tracking stuff on the back end. I think it should be fixed now. |
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