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Author Topic: back to square one  (Read 3275 times)
SkRRJyTC
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April 24, 2012, 06:15:24 PM
 #21

700,000 new locations selling a maximum total of 21,000,000 = 30 coins per store being ABSOLUTE MAXIMUM amount that could be sold ever.

The demand is going to outweigh the supply... and fast.

+1 bitcent

I'll agree this will drastically improve the ability of the demand to be met, but your math only holds if everyone who buys them holds them instead of spending them or selling them.

Will these 700,000 new location be taking your BTC and giving you cash, or only the other way around?


As I understand it, they will be selling you a USD-denominated bitinstant gift card that can be exchanged for BTC.  But, then again, details are sketchy at best.

Agreed, and I do see your point now about my math.  My biggest point, which you agreed with, is that this will make it much easier to buy BTC
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April 24, 2012, 06:38:03 PM
 #22

700,000 new locations selling a maximum total of 21,000,000 = 30 coins per store being ABSOLUTE MAXIMUM amount that could be sold ever.

The demand is going to outweigh the supply... and fast.

+1 bitcent

I'll agree this will drastically improve the ability of the demand to be met, but your math only holds if everyone who buys them holds them instead of spending them or selling them.

Will these 700,000 new location be taking your BTC and giving you cash, or only the other way around?


As I understand it, they will be selling you a USD-denominated bitinstant gift card that can be exchanged for BTC.  But, then again, details are sketchy at best.

Agreed, and I do see your point now about my math.  My biggest point, which you agreed with, is that this will make it much easier to buy BTC

Easy to buy, still hard to sell

Price go up

1D7FJWRzeKa4SLmTznd3JpeNU13L1ErEco
adamstgBit
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April 24, 2012, 06:42:15 PM
 #23

700,000 new locations selling a maximum total of 21,000,000 = 30 coins per store being ABSOLUTE MAXIMUM amount that could be sold ever.

The demand is going to outweigh the supply... and fast.

+1 bitcent

I'll agree this will drastically improve the ability of the demand to be met, but your math only holds if everyone who buys them holds them instead of spending them or selling them.

Will these 700,000 new location be taking your BTC and giving you cash, or only the other way around?


As I understand it, they will be selling you a USD-denominated bitinstant gift card that can be exchanged for BTC.  But, then again, details are sketchy at best.

Agreed, and I do see your point now about my math.  My biggest point, which you agreed with, is that this will make it much easier to buy BTC

Easy to buy, still hard to sell

Price go up

bitcoin has like 700,000 ways of "cashing out"

its about time theirs 700,000 ways of cashing in Cheesy

SgtSpike
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April 24, 2012, 06:47:38 PM
 #24

The second news is potentially even bigger than the first and it concerns BitInstant, which is one of the most successful and well run companies in the Bitcoin economy. They just took part in a very surprisingly Bitcoin pro and Bitcoin-interested money conference (https://bitcointalk.org/index.php?topic=77846.0) and in a recent interview Charlie Shrem hinted at something really big.

http://www.thebitcointrader.com/2012/04/bitinstant-hints-at-new-contract.html
Ho-ly crap.  That is HUGE to getting more people adopting.  Probably the #1 reason people don't get into Bitcoin is because they aren't easy to buy (yet).  Of course, let's not get ahead of ourselves too much, and count our chickens before they hatch.

Another thing to add to your list is the recent release of blockchain.info's iPhone app.  I know Android already had an app, but the iPhone brings ease-of-use Bitcoin to a large demographic as well...!
blablahblah
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April 26, 2012, 12:50:53 AM
 #25

Don't forget the Gox's checkout thing they've been promoting...

Things aren't looking good. Even the stars are really badly aligned with Aries shagging Pisces and Jupiter at apposition. How do I do one of them "10:1 leveraged shorts" on Bitcoinica? I've got a hunch Wink Wink
disclaimer201
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April 26, 2012, 01:16:11 AM
 #26

Don't forget the Gox's checkout thing they've been promoting...

Things aren't looking good. Even the stars are really badly aligned with Aries shagging Pisces and Jupiter at apposition. How do I do one of them "10:1 leveraged shorts" on Bitcoinica? I've got a hunch Wink Wink

You should never trust hunches. The effect may just as well be the direct opposite.

adamstgBit
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April 26, 2012, 01:52:54 AM
 #27

Don't forget the Gox's checkout thing they've been promoting...

Things aren't looking good. Even the stars are really badly aligned with Aries shagging Pisces and Jupiter at apposition. How do I do one of them "10:1 leveraged shorts" on Bitcoinica? I've got a hunch Wink Wink

You should never trust hunches. The effect may just as well be the direct opposite.


that's true for all our indicators too  Wink

but an educated guess is better then a flat out guess

the aliment of planets is one powerful indicator,  i can see mars in the evening sky, short all the bitcoins!  Roll Eyes

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April 26, 2012, 02:17:31 PM
 #28

Another thing to add to your list is the recent release of blockchain.info's iPhone app.  I know Android already had an app, but the iPhone brings ease-of-use Bitcoin to a large demographic as well...!

Do you have a link (or name) for the iPhone app? I'm sure it's been mentioned elsewhere, but I want to make sure I get the "right" one. Smiley

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SgtSpike
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April 26, 2012, 03:31:34 PM
 #29

Another thing to add to your list is the recent release of blockchain.info's iPhone app.  I know Android already had an app, but the iPhone brings ease-of-use Bitcoin to a large demographic as well...!

Do you have a link (or name) for the iPhone app? I'm sure it's been mentioned elsewhere, but I want to make sure I get the "right" one. Smiley
Search in the app store for blockchain, then look for the rubrix-cube-like icon.
tonto
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April 26, 2012, 06:51:21 PM
 #30

Haha, thanks guys, I found it. Smiley

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legitnick
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April 27, 2012, 01:18:12 AM
 #31


5 BITCOIN RAFFLE GIVEAWAY
"I dont lift" - Lord Furrycoat
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