Discussion in 'Digital Currencies' started by Gold Kiwi, Feb 22, 2013.
Oops. Stuffed that one up. $18 per Australian. Approximately.
You have bought things with bitcoin so you have realised some profit ....Phew i was getting a bit worried about you for a while :
I tend to agree here, I topped up a little at $48 last week and thought I must be crazy at the time...
I'm starting to wonder if I should get some more to be honest.
Mania phase is the best phase... "Everyone's a winner baby"
To be a true mania phase of a bubble, there needs to be a lot more people on board.
How many people do you know of who are into BTC except the 4/5 on this forum?
This years 500% - 600% rise is nothing compared to 2010, it was well under 1c US per BTC before Mt Gox in early 2010.
Personally, I trade BTC like a stock and look at it like this;
Market cap is still only around $600 million, not many more than 10 million shares on issue, it's traded globally, and 99% of the population don't even know it exists - yet.
Mania phase - hardly!
I'd day the minimum you need is two, although it'd be pretty short-lived.
It's nice to know you care Reno.
I was too scared to. And still am. I don't like chasing runaway moves. I'm waiting to see where it ends up. If it just keeps on going until it gets to some truly crazy number, so be it. But I feel like there must be some sort of correction/consolidation phase at some point.
Which big companies accept bitcoin for payment? And is it based off its value or purely a certain amount of bitcoins whether their worth 60 or 6?
^ in fairness I'd say wikileaks would even accept softdrink cans and paddlepop sticks
Online gambling will be a big driver of BTC price over the coming years, most companies have not caught on to it yet.
Instant deposits and cashouts are the main benefit, but there are many others.
A few poker sites have adopted BTC so far, but I would predict many more will follow.
http://satoshidice.com does a huge turnover of BTC, random number generated gambling with a house edge of 1.9%, fairness can be verfieid on the BTC network too which is a huge plus compared with your usual online casino.
US Begins Regulating BitCoin, Will Apply "Money Laundering" Rules To Virtual Transactions
Looks like they are trying to cover every loophole.
I fail to see how they can trace it through...if all parties use the TOR network at both ends and use anonymous wallets, maybe even throw in a pool mixing service along the way for good measure.
I'm always sceptical about anything that "Tyler Durden" writes.
Canadian man to sell house for Bitcoin virtual currency
Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative. But I am not familiar with the specific product to assert whether it is the best potential setup. And we need a long time to establish confidence. I only talk from skin-in-the-game. If I had money in bitcoin, I would have reported it. But I don't yet. I am waiting to understand it better, not with my brain, but with my experience...
Tulips, tulips, tulips, tulips, tulips, tulips..
GOLD. First silver parity, now GOLD parity has been reached!
Bitcoin currently trading above $1270 USD. Gold currently trading around $1235 USD.
ETF decision coming Monday March 13th after years of waiting. Major volatility coming surely.
I hope people are still holding from these early days ...... who’d have guessed ? Would have dipped my toe in back then but never fully understood it ( still don’t if I’m honest )
Man would my Lambo have looked good if I went bitcoin not silver. Hindsight.
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