Sava
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November 28, 2013, 02:35:36 PM |
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omega33, everything is possible !
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SeaMiner
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November 28, 2013, 02:46:38 PM |
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Quick question guys.. Do you recommend using bitstamp or mtgox? I've noticed that mtgox has a somewhat higher exchange rate.
Sorry if this question has been asked before.
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youthinkyouknowme
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November 28, 2013, 02:47:52 PM |
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yes, yes it will.
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omega33
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November 28, 2013, 02:49:05 PM |
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can btc rise higher than gold?
It would be interesting to see that
You mean an ounce of gold? Yes it can. a few years ago, before btc was popular people viewed gold as an alternative to paper currencies. Now gold is being shunned by everyone. |
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Lauda
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Terminated.
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November 28, 2013, 02:50:16 PM |
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a few years ago, before btc was popular
people viewed gold as an alternative to paper currencies.
Now gold is being shunned by everyone.
You can't compare that with bitcoin. |
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion) |
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alittledevil
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November 28, 2013, 02:55:42 PM |
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sold my 2.6btc at the price of 250each n then withdraw on mtgox =_= been 3 weeks still see no money and now price at 1180 on my local market FML~
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Lauda
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Activity: 2674
Merit: 2965
Terminated.
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November 28, 2013, 03:01:41 PM |
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sold my 2.6btc at the price of 250each n then withdraw on mtgox =_= been 3 weeks still see no money and now price at 1180 on my local market FML~
That was your mistake. Never withdraw fiat from gox. |
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion) |
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zendantom
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November 28, 2013, 03:32:13 PM |
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can btc rise higher than gold?
It would be interesting to see that
You mean an ounce of gold? Yes it can. Yes it can because there are MUCH more than 21 million ounces of gold, and new x ounces of gold mined everyday  |
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OleOle
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November 28, 2013, 03:37:19 PM |
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Yes it can because there are MUCH more than 21 million ounces of gold, and new x ounces of gold mined everyday One day, that 21 million ceiling is going to be forcibly broken, better not get too used to it. Enjoy it while it lasts, but don't bet the farm on it. |
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BoneCollector
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November 28, 2013, 03:38:48 PM |
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epic bitcoin price is epic!
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zendantom
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November 28, 2013, 03:40:21 PM |
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Yes it can because there are MUCH more than 21 million ounces of gold, and new x ounces of gold mined everyday One day, that 21 million ceiling is going to be forcibly broken, better not get too used to it. Enjoy it while it lasts, but don't bet the farm on it. All of the changes Bitcoin could make, changing 21 million Bitcoin cap is most unlikely. Hardly anyone would support it in hard fork |
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TookDk
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One coin to rule them all
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November 28, 2013, 03:41:13 PM |
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I doubt that you can even get your $ from Mt.Gox. They are lacking FIAT that is why the price is so high there.
I have question... I Mt.Gox is lacking fiat, should it not be the other way then? If they lower the BTC/$ then would people not sell at that exhange, but buy instead, and then would their fiat increase? |
Cryptography is one of the few things you can truly trust.
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pipelight1
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November 28, 2013, 03:47:32 PM |
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sold my 2.6btc at the price of 250each n then withdraw on mtgox =_= been 3 weeks still see no money and now price at 1180 on my local market FML~
That was your mistake. Never withdraw fiat from gox. Please tell me what "FIAT" is ? And why can't it be withdrawn ? Let's take Coinbase.. If you bought 5 coins there 6 months ago and they are just sitting there in your wallet. Should I be able to go to coinbase and sell my coin ASAP ? I ask because that is my situation. I hold less, but am curious because I bought for invesment purposes only. Thanks for your reply. |
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udet4food
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November 28, 2013, 03:47:40 PM |
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I doubt that you can even get your $ from Mt.Gox. They are lacking FIAT that is why the price is so high there.
I have question... I Mt.Gox is lacking fiat, should it not be the other way then? If they lower the BTC/$ then would people not sell at that exhange, but buy instead, and then would their fiat increase? Mt.Gox dont set the price, market does. To lower USD/BTC price, they need to own Bitcoins and selling these Bitcoins... |
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udet4food
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November 28, 2013, 03:51:30 PM |
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Please tell me what "FIAT" is ?
Simple answer: USD Longer answer: http://en.wikipedia.org/wiki/Fiat_moneyFiat money has been defined variously as: any money declared by a government to be legal tender. state-issued money which is neither convertible by law to any other thing, nor fixed in value in terms of any objective standard. money without intrinsic value |
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OleOle
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November 28, 2013, 03:52:19 PM |
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Yes it can because there are MUCH more than 21 million ounces of gold, and new x ounces of gold mined everyday One day, that 21 million ceiling is going to be forcibly broken, better not get too used to it. Enjoy it while it lasts, but don't bet the farm on it. All of the changes Bitcoin could make, changing 21 million Bitcoin cap is most unlikely. Hardly anyone would support it in hard fork I said forcibly broken, I was not referring to anyone supporting it. Government control, corrupted bitcoin foundation, corporatisation of the network. The utopian dreams of satoshi hippies will not go on forever, it's my view that the ceiling will be removed far sooner than anyone anticipates. Just a hunch, nothing more  |
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udet4food
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November 28, 2013, 04:08:51 PM |
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sold my 2.6btc at the price of 250each n then withdraw on mtgox =_= been 3 weeks still see no money and now price at 1180 on my local market FML~
That was your mistake. Never withdraw fiat from gox. Please tell me what "FIAT" is ? And why can't it be withdrawn ? Let's take Coinbase.. If you bought 5 coins there 6 months ago and they are just sitting there in your wallet. Should I be able to go to coinbase and sell my coin ASAP ? I ask because that is my situation. I hold less, but am curious because I bought for invesment purposes only. Thanks for your reply. Only MtGox has huge USD delay issues, sometimes months You should not encounter problems on Coinbase. Did you know when you have coins at Coinbase these are not yours at all but only Coinbase owes you something. If coinbase goes bancrupt, any coins or USD there will be used for all creditors |
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cuttingedgetech
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November 28, 2013, 04:20:20 PM |
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Even it raises up suddenly, the same way it will fall sharply.
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Taras
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Merit: 1053
Please do not PM me loan requests!
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November 28, 2013, 04:23:35 PM |
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Yes it can because there are MUCH more than 21 million ounces of gold, and new x ounces of gold mined everyday One day, that 21 million ceiling is going to be forcibly broken, better not get too used to it. Enjoy it while it lasts, but don't bet the farm on it. All of the changes Bitcoin could make, changing 21 million Bitcoin cap is most unlikely. Hardly anyone would support it in hard fork I said forcibly broken, I was not referring to anyone supporting it. Government control, corrupted bitcoin foundation, corporatisation of the network. The utopian dreams of satoshi hippies will not go on forever, it's my view that the ceiling will be removed far sooner than anyone anticipates. Just a hunch, nothing more Don't worry, it's not possible. It's literally not possible. Even it raises up suddenly, the same way it will fall sharply.
The last time it fell sharply we quintupled the high later. And the time before that. And the time before that... |
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Galahad
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November 28, 2013, 04:26:59 PM |
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wow, $1000 for 1 bitcoin, must be nice to get in early,
and have a pile of coins. Nice for you if you have,
but its quite expensive for people just starting out,
don't you think?
Assuming it gets to $10k then you make 10 times whatever you put in, that's still a good return. Also, Bitcoin is not about making money, it's a currency designed for real everyday use. It just benefits early adopters more. Bitcoins are very divisible. |
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