bonker (OP)
|
|
April 08, 2013, 08:24:09 AM |
|
I'm sitting here and every time I click refresh on my browser the price jumps and makes my mouth fall open.
|
|
|
|
|
|
There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
wopwop
|
|
April 08, 2013, 08:29:24 AM |
|
I'm sitting here with tears in my eyes about how heart breakingly moving your post is
|
|
|
|
HappyBitCoinUser
|
|
April 08, 2013, 08:37:18 AM |
|
I'm trying to buy low, sell high, but how can I do that when the price is only going up?
And yes its going up every time I hit refresh too!
|
|
|
|
OxSystems
Newbie
Offline
Activity: 10
Merit: 0
|
|
April 08, 2013, 08:39:03 AM |
|
Buy (Right now is the low... at all times) then wait 10 minutes (now your at the new low and high) Sell for profit
|
|
|
|
tutkarz
|
|
April 08, 2013, 08:39:29 AM |
|
i just realized something. Look at this example: person A bought 1 000 bitcoins at exchange. Price doubled so he wants to sell it but he is not going to just get money back to his account because he would have to pay high income tax. He is going to sell it face to face. Now someone bought that bitcoins but he probably wont sell it at exchange too because he also would have to pay tax, especially as the price again increased. Which brings us to the conclusion that there might be less and less bitcoins for sale at exchange which will increase the price all the time forever? maybe i forgot about something? or maybe it wont be that "bad"
|
|
|
|
Tronlet
|
|
April 08, 2013, 08:42:12 AM |
|
|
|
|
|
HappyBitCoinUser
|
|
April 08, 2013, 09:06:56 AM |
|
Buy (Right now is the low... at all times) then wait 10 minutes (now your at the new low and high) Sell for profit I can't take the pressure! Ok ok, I put in $2k worth bid and hope to double my money within a few days. I have faith!
|
|
|
|
smoothie
Legendary
Offline
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
|
|
April 08, 2013, 09:12:38 AM |
|
i just realized something. Look at this example: person A bought 1 000 bitcoins at exchange. Price doubled so he wants to sell it but he is not going to just get money back to his account because he would have to pay high income tax. He is going to sell it face to face. Now someone bought that bitcoins but he probably wont sell it at exchange too because he also would have to pay tax, especially as the price again increased. Which brings us to the conclusion that there might be less and less bitcoins for sale at exchange which will increase the price all the time forever? maybe i forgot about something? or maybe it wont be that "bad" This ^
|
███████████████████████████████████████
,╓p@@███████@╗╖, ,p████████████████████N, d█████████████████████████b d██████████████████████████████æ ,████²█████████████████████████████, ,█████ ╙████████████████████╨ █████y ██████ `████████████████` ██████ ║██████ Ñ███████████` ███████ ███████ ╩██████Ñ ███████ ███████ ▐▄ ²██╩ a▌ ███████ ╢██████ ▐▓█▄ ▄█▓▌ ███████ ██████ ▐▓▓▓▓▌, ▄█▓▓▓▌ ██████─ ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌ ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌ ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─ ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩ ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀ ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀` ²²² ███████████████████████████████████████
| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ . LEALANA BITCOIN GRIM REAPER SILVER COINS. |
|
|
|
||bit
|
|
April 08, 2013, 09:39:20 AM |
|
I'm trying to buy low, sell high, but how can I do that when the price is only going up?
And yes its going up every time I hit refresh too!
Jesse Livermore: "A stock is never too high to buy and never too low to short." He was a stock trader, but that probably applies to currency as well. Also, that guideline probably needs to be balance with all his ideas. http://www.jesse-livermore.com/trading-rules.html
|
|
|
|
IIOII
Legendary
Offline
Activity: 1153
Merit: 1012
|
|
April 08, 2013, 10:40:07 AM |
|
I'm sitting here and every time I click refresh on my browser the price jumps and makes my mouth fall open.
At least I know who's responsible for repeatedly bringing down bitcoincharts.com's server.
|
|
|
|
MikeH
|
|
April 08, 2013, 10:54:42 AM |
|
person A bought 1 000 bitcoins at exchange. Price doubled so he wants to sell it but he is not going to just get money back to his account because he would have to pay high income tax. He is going to sell it face to face. Now someone bought that bitcoins but he probably wont sell it at exchange too because he also would have to pay tax, especially as the price again increased. Which brings us to the conclusion that there might be less and less bitcoins for sale at exchange which will increase the price all the time forever? maybe i forgot about something? or maybe it wont be that "bad" Yeah, I've been thinking about this, I purchased all my bitcoins but have no proof of purchase. If I were to sell my coins through MtGox and send the funds via bank transfer, I might be hit for capital gains - even if I sold at a loss! So I'm going to have to sell through localbitcoins or something to avoid being ripped off by the tax man.
|
|
|
|
01BTC10
VIP
Hero Member
Offline
Activity: 756
Merit: 503
|
|
April 08, 2013, 10:56:13 AM |
|
|
|
|
|
600watt
Legendary
Offline
Activity: 2338
Merit: 2106
|
|
April 08, 2013, 11:28:09 AM |
|
I'm sitting here and every time I click refresh on my browser the price jumps and makes my mouth fall open.
shit.i went out to piss and when i came back the price was still not at 200. momentum is getting lost.
|
|
|
|
wopwop
|
|
April 08, 2013, 11:28:53 AM |
|
I'm sitting here and every time I click refresh on my browser the price jumps and makes my mouth fall open.
shit.i went out to piss and when i came back the price was still not at 200. momentum is getting lost. need new believers to enter
|
|
|
|
HappyBitCoinUser
|
|
April 08, 2013, 11:42:48 AM |
|
I'm sitting here and every time I click refresh on my browser the price jumps and makes my mouth fall open.
shit.i went out to piss and when i came back the price was still not at 200. momentum is getting lost. Go to bed for 8 hrs, and I'm sure you'll wake up to see $300
|
|
|
|
alexh
Member
Offline
Activity: 183
Merit: 10
|
|
April 08, 2013, 11:45:51 AM |
|
Insane, can't wait for the $200.
|
|
|
|
Tronlet
|
|
April 08, 2013, 12:07:40 PM |
|
i just realized something. Look at this example: person A bought 1 000 bitcoins at exchange. Price doubled so he wants to sell it but he is not going to just get money back to his account because he would have to pay high income tax. He is going to sell it face to face. Now someone bought that bitcoins but he probably wont sell it at exchange too because he also would have to pay tax, especially as the price again increased. Which brings us to the conclusion that there might be less and less bitcoins for sale at exchange which will increase the price all the time forever? maybe i forgot about something? or maybe it wont be that "bad" Tax evasion plays too small a role for that. And you certainly shouldn't hope for that, because what you're talking about is obviously unsustainable, and a deflationary doom spiral for sure. Deflationary spirals are already a possible problem in Bitcoin's far future, there's no need to ensure any.
|
|
|
|
|