The economy has BEEN collapsed. I'm 21 and have never had over $2,000. And things are only getting MORE expensive.
It will slowly get worse for most people, just like it has been for a long, long, long time. |
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Something to consider is that people can list Bitcoins for sale, which they do not yet own.
This.  |
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Got some coins I won't sell until/if we are several magnitudes above where we are. Otherwise, I'll trade 25%-100% of my funds over any given couple months and don't mind being 100% fiat when appropriate. |
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there is a lot more economic activity
I don't really see that. And spread of market share among exchanges aside, what about the actual volume of BTC being traded? |
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I don't think that people are forced to use fiat money, it is because that so far they have no other alternative and they never realized that there could be an alternative
Try paying your taxes with gold, silver or bitcoins then and see what happens. Also: legal tender laws may force people to accept fiat money. As long as people's income are in the form of fiat money, tax just mean reduced fiat money income, in fact many people don't even care about the tax since tax payments were already deducted from their salary But if people's income is bitcoin, then the tax payment will be different. It is possible that people do not pay tax for bitcoin income. FINCEN regulation already said that if you purchase goods/services directly with your bitcoin, you don't need to pay tax. It means if you hold your coins for a couple of years and you can buy much more things with the same coin and you don't need to pay any tax even the bitcoin's purchase power increased many folds What. That is not my understanding at all, from the tax code. FINCEN is not, as far as I know, in a position to advise on the tax code. Sources? (I assume from your reference to FINCEN that you mean USA) |
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Not day trading anymore was a great move -- I felt like bitcoin was consuming my life back then. Now I just trade once or twice a month, if that. 15 days, 15 hours. |
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Would I be correct in assuming: one cause could be all the liquid coins are not trading because they are being taken up by strong hands, and the supply is also distributing to a smaller minority as difficulty increases. (So we could see a potential bubble?) Or would I be better served by assuming that the volume is so low because there is very little new demand at the current price. (so we could see a correction?) My money is on the latter. |
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The exponential growth of hash rate can not go on forever, we will see some storm after many ASIC devices become reserve hash power due to they cost more in electricity than mined coins I'll check this prediction in 3 months  Yep |
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CoinChat is still the best there is. If you come to #scramblebot Ill even give you a welcome tip. Coinchat is only good for small amounts of BItcoins. Please do the math and see if its worth your time. How small? I've always been curious about this. Anyone have any experience? Its obviously only worth your time if you have fun at doing it. 5-10 mBTC in an evening should be possible. Just use it like this forum, discuss about bitcoins. If you're new on CoinChat be sure to PM me (roflmao129) Ill be sure to explain everything to you! Well, if the 7-figure $ bitcoin crowd is right, maybe I'll give it a go and hold to sell for $5000 or $10,000....  |
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Choo choo. Waiting for the bitcoin train to take off..... |
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I also believe that there is way too many suckers that bought at 31$, then sold at 2$ then again bought at 266$ and then sold at 70$ and these guys inject too much emotions into all of this. This could also include Falkvinge, BTW.
LOL Spot on! I guess Mr. F sold majority of his coins at $40 and now he hopes the price will go down to let him re-enter his position  Yeah, anytime a bear exists, it's because he sold and is chasing missed profits.  |
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I'll be happy to take $1 - $5 million. |
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Monday, September 23, 2013: $124
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Seems to me like the amount of value being traded has, when you take into account prices, increased. I mean 50k coins at $10 each is less then 5k at $130.
Which is already reflected in the higher price. IMO BTC volume is the appropriate indicator. This. Poor Gox. |
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Snagged one, thanks! |
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Someone send a mysterious payment to the inputs.io address in my signature. Thanks in advance. |
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I suppose we agree to disagree on this one.
What do you disagree with? It is not a debate, with argument like "USA is a nice country...". It is a fact: It is allowed to buy and sell accounts. Stop make false report plz. This. |
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inputs.io for sure!
How is inputs.io safe at all? It is a shared wallet, which basically means someone (who we don't know, all we know he is 28 and from australia) created a website, that interfaces with the bitcoind which they control. They have your private keys and that means they can steal your funds AT ANY TIME. Please people research instawallet and you will then know why this is so unsafe and shouldn't even be consider a wallet. Please stop recommending it, as you tricking are newbies. Obviously you have to factor in whether you trust him and his business. Just like any other business, or bank. |
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Within the next year or 2, I'm pretty sure. But this bubble needs to finish deflating first. Mt Gox's problems have really distorted the market.
the bubble already deflated. It seems the new low price is $100 We'll see. I think we'll be retesting $100 and then $88 and $78-80 supports. I think the latter may be the bottom. We shall see. I'm prepared either way it goes. But I think it's going down. |
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