BTC price going down

[panda1]

Buy low, sell high!

[Ranguvar]

Saw this too. Made a decent bit of money as prices went up after my first buy, now it's time to lose that I guess.

[Adrianexi]

its been so dodgy with bitcoins especially in the uk, with everything being shut off :/

[mpx]

you can, ironically, use Barclaycard pingit in the uk to buy bitcoins, details are on the forum somewhere

[fuzzb3k]

I've used Intersango in the past to buy/sell bitcoins, but now that they no longer offer a GBP funding option I'm kinda lost on what the next best alternative is.

Does anyone have a recommendation for the best way to buy bitcoins, funding from a UK GBP bank account?

[nobbynobbynoob]

I've used Intersango in the past to buy/sell bitcoins, but now that they no longer offer a GBP funding option I'm kinda lost on what the next best alternative is.

Does anyone have a recommendation for the best way to buy bitcoins, funding from a UK GBP bank account?

Someone regularly posts the different options currently available in one forum or other here. For me the best options seem to be:

Small trades - check out a trader like Alwaysmining on here. Seems honest, efficient and trustworthy; I've made two successful trades with this person.

Larger trades - wiring funds directly to Mt Gox becomes a viable option, but yes, sadly, the Banksters get their cut for the international wire transfer (to Japan in the case of Mt Gox).

[Fjordbit]

Pingit

[Fractalrationality]

Is anyone able to link me to relevant information on ASIC release? This is the first I've heard of it

[nomnomnom]

Is anyone able to link me to relevant information on ASIC release? This is the first I've heard of it

Here is a table which lists the different vendors, but everything is preorder right now. No one has one yet.
But I think ASIC is a good thing. Look how much heat a GPU gives off, those ASICs are chips specialized for mining and are much more efficient.

https://en.bitcoin.it/wiki/Mining_hardware_comparison#ASICs

[mh5000]

Thats the only thing I can come up with. its getting close, people are freaking out thinking the price will drop out once ASIC and the reward half happens. Trying to sell while its still high but actually causing it to drop. :/

Maybe it's the ASIC vendors selling some bitcoins to pay their bills.

[benny32]

I don't believe the halving will have any appreciable effect, or a very small, temporary one.  Once mining stabilizes after the blitz pricing will stabilize as well.

[josephliton]

Several weeks ago, there was a large one-day spike in Bitcoin's price volatility.The price we pay for them depends entirely on how the market values them from one day to the next.