they will spend their own money and try to make money sending it very slowly over time.
I doubt that, it would be very risky for a payment processor because of high volatility. Your business model would be speculation, not payment processing. they say: BitPay consolidates market depth from multiple exchanges to provide buyers with a bitcoin best bid (BBB) exchange rate.They speculate  Pirate likes to buy high and sell low, with other people's money. if you buy at 8.00 or below, and sell at 9.00 or above, you can make money trading against pirate too. I've done that x6000 coins this week, earning me about a 25% return on my investment trading against pirate. EDIT: if anyone wants to buy some goxUSD from me to take advantage of the buying opportunities, email me at tony@bitpay.com |
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I think there are 3 types of bitcoiners at the moment.
1) The pre-$135/btc long term holder, who knows that right now btc's true value is not ~$200 and they will not buy at that price, when a discount may be around the corner, and feel btc's true value is around $100-$150.
2) day traders, don't care what the price is but the market volatility just now is not inviting to participate in.
3) October 2013 new blood from recent spike, to these folk anything under $230 is a good price as they have seen it's potential. They are probably the ones fueling this dance around the $200 mark.
A lot of excitement about the price rise recently but it appears to have no determination to continue. i think we are looking at $140 - $170 without a panic, in the following weeks. With panic who knows....The Chinese love their money, if it starts disappearing in front of their eyes....
4) True believers which think everything below $10,000 is too cheap to sell. |
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It's only 5k coins...
(They can sell them to the Bitcoin Trust.)
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I believe anything below $300 is a good buy the next months.
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So market cap is @ $3.2B as there are 21M BTC.
Not yet, there aren't. Of course there are. They just aren't assigned to anyone yet and cannot be transacted. It's a certainty that they will be though. Everyone not agreeing there are 21M BTC is retarded in my humble opinion. There have been made blocks without a full block reward. Bitcoin will never reach 21M BTC. |
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The post bubble price will be $300+
Babysteps. Let's surpass 168.04 in the next hours. Then ~180 in a few days. I prefer slow and steady, but this is a runaway train... |
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The post bubble price will be $300+
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Prepare for panic buying. Number of news articles will take off again when we're approaching $200 |
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Urgent Update!
Buy FTC?  |
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when we reach 180 new walls will appear, the size of these walls piling up fast will strike fear even in the most bullish bulls.
180 will be run over... |
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litecoin isn't plummeting. it has been fluctuating between 1.80 and 1.85 on btc-e all week. yeah, ltc/btc goes down, but that's because btc is going up, not because ltc is going down.
One month ago, LTC was > 2.40 USD. |
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I'm just not 100% confident that the backups will be the same as the final version. I know it creates a frustrating dynamic, because I need people to help test the backups, but I have to tell them not to rely on them yet.
When will you decide this? I would love to use the m-of-n paper backup. |
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Watch out bears...  |
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A friendly reminder... Buy now or be left behind...
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How so? People were touting their horns about it the whole time, and now suddenly as it appears to be happening it's supposed to be not? Of course lobbyists are onto Bitcoin, the whole gox situation wouldn't be there if they weren't. I think this article is a pretty consistent explanation of current affairs. I haven't seen a single government that is hostile against Bitcoin. |
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