Some takes on things

[ryantw]

Coinbase Instant Bitcoin

One of the unforeseen industry changes: The new Coinbase instant Bitcoin capability really makes things interesting. This should definitely raise the price, but could also cause rapid price fluctuations. It is now becoming a bit easier for people to instantly get Bitcoin at their computer without running to a physical location. Expect some nice upswings in Bitcoin price in the next 24 hours.

Coinbase will now see a major rise in signups, which helps Bitcoin tremendously. I have been using their service for a long time and love it. It takes 30 days for someone to get to "Level 2" which allows instant available bitcoin. By end of august a lot of new users will be buying bitcoins for instant use. Not having to wait 4 business days to receive Bitcoin is a trigger to buy. Expect price fluctuations to increase a lot by end of august with an upwards trend. I have yet to see how well Coinbase will handle buying and selling in rapid succession, I'll test it out though and post an update.

The rapid evolution of Bitcoin is a lot of fun to watch. It is definitely maturing.

Huh, coinbase is instant now?

http://blog.coinbase.com/post/55203204550/instant-bitcoin-purchases-at-coinbase

[chsados]

http://blog.coinbase.com/post/55203204550/instant-bitcoin-purchases-at-coinbase

Awesome!

[ryantw]

Don't be surprised if it passes $110 by end of today (Friday).

[Adrian-x]

Don't be surprised if it passes $110 by end of today (Friday).

Don't be surprised if it passes $70 by end of Sunday (this Weekend).

[ryantw]

July 13th, 2013

Well I was wrong thinking it might hit $110. It went up to $104, then dropped shortly thereafter. It seems that $100 is the "magic" number in most traders minds, as has been the case for a while now. Once it gets close to $100 it is probably a good idea to sell, wait for it to drop, reinvest, repeat.