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Author Topic: Buy low, sell high. We have a buyers market right now!  (Read 1619 times)
WarrenBuffett (OP)
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June 12, 2011, 01:10:04 AM
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Also remember, that price is what you pay, value is what you get.
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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June 12, 2011, 01:24:58 AM
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Buyer's market and yet I still can't buy because my funds are in transit to Dwolla. There's something wrong with the system.
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June 12, 2011, 01:31:50 AM
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Compared to earlier levels, mining is still very profitable, so I would either count on the greed of people and buy or do some more calculations and conclude that mining 1 BTC costs ~1-2 USD, so they're still far overpriced.

On a side note, MtGox seems to run dry. With just 200k USD you could run the price up to 24 USD or with ~ the same sum in BTC push it down to 10 USD.
https://www.coinlend.org <-- automated lending at various exchanges.
https://www.bitfinex.com <-- Trade BTC for other currencies and vice versa.
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June 12, 2011, 02:24:59 AM
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Quote from: virtualfaqs on June 12, 2011, 01:24:58 AM
Buyer's market and yet I still can't buy because my funds are in transit to Dwolla. There's something wrong with the system.

You must diversify your trading methods.  Bitcoin is still in it's infancy and some aspects of it are still very technical.  Geek out and learn2irc on bitcoin-otc.
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June 12, 2011, 05:50:38 AM
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Quote from: virtualfaqs on June 12, 2011, 01:24:58 AM
Buyer's market and yet I still can't buy because my funds are in transit to Dwolla. There's something wrong with the system.

There's something wrong with the old system. Which is why Bitcoin was invented.
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