Nice. But why not make it a bit more universal?
Are you talking CAD? USD? AUD? The $ means different things in different countries.
USD If you want to find all the figures I'll make it for you |
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I'll message you in two days when 1 BTC is worth that *knock on wood*
You didn't knock on wood did you? ;^) tomorrow is a new day |
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Looks pretty cool. Like a time capsule in card form!
Exactly! This whole project took some time. I had to find the most accurate prices I could. Often it was a matter of finding the average of a bunch of averages. But I wanted the info to be accurate. Now I don't have to say "When I was your age I could buy..." its right there. Along with .1 Bitcoins which who knows what that'll be in say-10 years. |
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There we go, revised with bigger hologram to allow for more readable QR code (.62''x.62'' but you can make it even bigger if you want)
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I wanted to make one of these things for myself, just for fun. I put it in the safe and one day I'll give it to my son or something. But I have the materials to make some more. What I would send you is a laminated card (size of business card) with all of the text on it, as well as a hologram so you can make and fund your own. All you have to do is go to bitaddress.org, hit "bulk wallet" and generate one key pair. Record it. Use a QR barcode generator to make a QR code of the private key. Put the image in a word document or something and size it .52''x.52'', print and cutout. Then take the hologram and apply the blank side of the QR to the adhesive part of the hologram (center as best as you can), then apply the hologram to the card, the QR code facing the card. Its really easy, took me less than 5 minutes. If you are in the US I will send you a laminated card and an unused hologram so you can make your own for $2.50, shipping included. If you are international, just add $1 for shipping. I funded mine with .1 BTC. Who knows how much that will be worth by the time I have kids?  |
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Anyone crying about the price drop more than likely will be weeded out when we get a more dramatic correction. ATM the lowest floor I saw right now was at $130. Thats nothing, and still better than 3 weeks ago. Children, calm yourselves and realize that bitcoins are, atm, a gamble and what I would consider a high risk investment until we get some kind of real stabilization. If you can't understand the simple principles of that, then you will be gone by next month. Put some hair on your baby chests. Trading is all about going balls deep, not just putting the tip in.
+1, although a little tip action can actually feel good  |
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Now, if you want my opinion on why this price drop happened, it's probably only one or a few agents acting (because the majority of bitcoins are held by only a few entities) purposely manipulating the market. They probably sold a bunch of coins (to themselves) for a very low price, causing a panic (think Great Depression). So, then average Joes get scared and try to sell their coins (at this artificially low price) as fast as possible. Then those big entities swoop in, buy them and own even more of the market share. Which actually is a good thing for people like us who are in it for the long haul. Does that make sense? Yep. People who have a lot of money to begin with usually know how to manage that money (or hire people who do), and they want that money to grow. With a panicky market, you can do so by scaring the herd and causing a stampede. So you see a lot of these sort of "dive and recover" dips as the big money throws it's weight around, and shakes out the weak hands. Then the market stabilizes, and anyone who gets too greedy and tries to do it again just hands their money over the smarter players. Then you get a major news hit, and there's a lot more new players, some of whom are smart, some of whom are too greedy, and some of whom are panicky. Somebody says "Boo," and it all happens again. Hang in folks, there's a lot of stupid, panicky, and greedy people out there, and not all of them have heard about Bitcoin yet. It's gonna be a bumpy ride, but we'll get there. All you have to do is buckle your seat belt. |
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I feel like an idiot. I never even considered that. I was on the "Too Big To Fail" boat. I thought the only thing that could slow down (not stop) bitcoins was some type of government legislation, although it would probably prove largely useless. But this, you are right. Hopefully people will realize that although the market is extremely volatile, it seems to reach a certain point (say $100 recently) and *knock on wood* not dip below that. The amount of volatility is certainly partially a factor of the nature of bitcoins. But, I do believe that the market will become more stable as it becomes more mainstream.
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+1 for the title, very clever
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First of all, keep in mind this is the speculation thread. I would love to debate with anyone. But please, let us refrain from personal attacks on eachother.
Not even two weeks ago people were debating whether or not the bitcoin was going to break $100. And since that time it's gotten up to (give/take)$240. The bitcoin market is hands down the most volatile market there has probably never been. No one knows what caused this most recent crash dip (even though you'll hear about a million opinions), but nobody knew what was causing the recent rise, either. The truth is bitcoins are just becoming more mainstream, which means they'll get bigger. I'm not surprised at the rate it's happening. Think about how organized crime could utilize bitcoins. Anonymous, tax free, no central agent, etc. Even if the government were to enact legislation regarding bitcoins, it wouldn't be effective (think copyrights and song/music downloads). The intrinsic value of bitcoins comes from its utilities, mentioned above. I don't know if you've heard it but there's a term: "Bitoin:Too Big To Fail". Now, if you want my opinion on why this price drop happened, it's probably only one or a few agents acting (because the majority of bitcoins are held by only a few entities) purposely manipulating the market. They probably sold a bunch of coins (to themselves) for a very low price, causing a panic (think Great Depression). So, then average Joes get scared and try to sell their coins (at this artificially low price) as fast as possible. Then those big entities swoop in, buy them and own even more of the market share. Which actually is a good thing for people like us who are in it for the long haul. Does that make sense?
The bottom line is bitcoin is big and getting bigger. It is a deflationary currency, so when all 21 million coins are in circulation, that's it. Considering the intrinsic value of bitcoins (their multiple utilities), I believe their value-over a long period of time-will go up. As a long-hauler, I don't fret about things like this, and if you are one you don't need to either. Shit, we could all take all of our bitcoins, go into a cave, come out 20 years later and be rich. Only CONSIDERABLE (say to below $100) drops over a SUSTAINED (say 2 weeks) period of time would cause me to worry. And I really *knock on wood* don't see any of that happening.
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Weren't you banned from this site?
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I'll message you in two days when 1 BTC is worth that *knock on wood*
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I also have Casascius Coins...
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So my bitcoins are burning a hole in my pocket. Of course I'm not going to spend all of them, but I think you have to live it up some times. I am of legal age to own a hand gun (I live in CA). I am not sure exactly what model I would like, but I've always wanted a Smith and Wesson snub nose revolver. I don't own any other guns and don't plan on it, but I like the idea of having one for home protection. Obviously the transaction would have to be through dealers (thats CA state law, anyway). But, if anyone owns one of these and would like to trade for bitcoins, please get in touch with me.
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Hi,
I have bitcoins in hand and want to buy some gold in fractional denominations (1/20, 1/10 coins). Please PM me if you have some and would be willing to trade.
Thanks!
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Believe it or not this isn't a first. I remember someone talking about selling full cows (the meat, of course) for bitcoins. Is it just ground beef you have? I'd be interested if you had some prime cuts and did it kind of like Omaha Steaks does (deliver in styrofoam cooler w/dry ice).
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