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The other day I came up with an interesting but almost certainly implausible idea about dominating the bitcoin market - crowdfunding style. Say one was to set up a fund that's goal is to collect a very large sum of money, one large enough to purchase a substantial amount of bitcoins. People channeled in their own money, however much they like, to promote this fund and help it grow. The fund then, with this large amount of money, purchases a large amount of bitcoins at a high rate, thus making their individual value rise. Of course then, the donators' bitcoins will rise in value because of this.
i.e. a lot of people donate a little amount of money to a fund that purchases a lot of bitcoins with the collected money to increase the value of the rest of the individual donators' bitcoin supply. Ignoring the obvious trust issues and other problems that would have to be sorted out before something like this could be established, would this even work?
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Bump for 3 days left on the BitMit listing. There is already a bid on the item, so you better make your move soon! Click here to be taken to BitMit. |
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Ghillie Suit? All I see is one gigantic nugget of weed...  |
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Thanks for the post. I've been using 1Password for a long time and haven't had too many problems with it, but it lacks a web interface and is accessible only from my computer or phone. If both were to be lost or stolen, it'd be a nightmare. I'm looking to switch for that reason alone.
Do any of the above mentioned services have an option to import data from other password management software?
LastPass yes. Not sure about the other service as I've only used LastPass. Thank you! |
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     I have two copies of the recent Humble Indie Bundle V each priced at ฿1.25 BTC (or $10.30 USD). Your purchase includes the unique Humble Bundle link where you can find both the direct link and bittorrent downloads for a total of 4 awesome indie-developed games and their complete soundtracks. Along with the download links, a Steam key is provided, and so is the option to redeem the bundle on the Ubuntu Software Center. For those of you who don't know, the Humble Bundle is a collection of the best indie-developed games for the Windows, Mac, and Linux platforms. The bundle is released every year and is offered on a pay-what-you-want pricing model. It really gives independent developers a chance to shine. Users are given the power to divide their total purchase amount into little chunks and indicate how much of it goes to each of the three parties: the developers, the Humble Bundle company, and the two officially selected charities - the Electronic Frontier Foundation and the Child's Play Charity. List of Games and SoundtracksPsychonautsDouble Fine Productions ♫ Musical Soundtrack Included LIMBOPlaydead ♫ Musical Soundtrack Included Amnesia: The Dark DescentFrictional Games ♫ Musical Soundtrack Included Superbrothers: Sword & Sworcery EPSuperbrothers + CAPY + Jim Guthrie ♫ Musical Soundtrack Included Proof of Purchase #1 | Proof of Purchase #2-- Please PM me if interested. I'm willing to negotiate the price. Alternatively, you can bid on the item by checking out the BitMit.net listing here. Thanks!  |
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Thanks for the post. I've been using 1Password for a long time and haven't had too many problems with it, but it lacks a web interface and is accessible only from my computer or phone. If both were to be lost or stolen, it'd be a nightmare. I'm looking to switch for that reason alone.
Do any of the above mentioned services have an option to import data from other password management software?
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Well, you guys were right. I ended up losing it all in a couple big bets, then I got back up to 30 BTC before losing most of it with the martingale strategy. Now I'm at zero. It's a weird feeling, to go from $0 to making $1000, then back to zero in a few days. Maybe I'll try Satoshi's dice again, but I've learned to quit while on top, since it's incredibly easy to lose massive sums of bitcoins QUICK.
I guess I just answered my original question. This is how the site stays afloat.
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That's awesome, congrats. If I were you I would jet out of there ASAP and never look back.  |
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It's much more efficient than using fiat currency. And of course, the anonymity Bitcoin offers is always a plus.  |
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Thanks everyone, appreciate all the responses.
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Great writeup, thanks. |
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Thanks, this is exactly what I was looking for. I'll do some reading. |
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From what I can tell, you'll get a whole lot of opinions on whether it's going up or going down but nobody knows squat. The greatest minds will wax poetic about the reasons for the surge/fall just after said surge/fall happens. You can look at charts and see for yourself that btc is a very volatile market. Just start out small with a few small transactions and get a feel for it yourself.
Ok, good enough. Thanks. I've heard some talk that the price can noticeably increase when there's a story on a popular source like Forbes or Wired that puts Bitcoin in a positive light.  |
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Excuse me if my understanding of things is a bit off, I'm fairly new to the Bitcoin world. I want to know how people analyze trends and look at price charts to determine when the right time to buy or sell BTC is. I'm eager to buy some bitcoins just to experiment with them, but first I want to make sure I'm not doing it at a bad time. I assume a basic understanding of economics would come in handy? Any tricks, tips, or resources on this subject you could point me towards would be appreciated. |
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I'll send you 1,000 BTC if you stop talking.
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Hey everyone. Fairly new to Bitcoin, I was introduced to it a couple months ago and decided to do some more reading on the topic. So now I'm here. This seems like a nice community, I'm looking forward to talking more with you guys! |
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