BITCON... WHY its totally FLAWED

This is getting ridiculous. Its doubled in price in just the last 2 weeks.

I guess as any silver investor knows, a smaller market = higher volatility. But I haven't seen much bearish activity in btc at all, so yeah I feel like I really missed the boat since I just heard of bitcoin only about a month ago, and I was going to buy one or two for $200 each. Now its well over $400. sigh. If I buy now, and it corrects, I'll feel like an ass.
 
Btc-e has been down for the last couple hours then came back up and BTC just surged to USD$500+ but a lot of exchanges just shut down, Bit Trade Australia is also temporarily down, says "Our 'Global Daily Limit' has been reached for the day on Buy Orders."

Anyone know of any other Australian exchanges since Bitinnovate closed that can buy in Australia?

Gox is showing USD$543 now
 
btcmarkets.net - but liquidity is low. Have bought a few AUD funded parcels on there no problem. Often see btcmarkets/coinjar arbitrage opportunities - expect up to 24 hours for deposits to hit btcmarkets unless you use POLI and it has to be one of the two factor authentication banks they support - otherwise do an EFT and wait until the next day.
 
I'd love to have 1 or 2 of these just in case it takes off. I really need to understand how to make SURE that I don't lose my wallet though. Anyone here willing to sell one?

Its so hard to tell where to get in though - the chart right now is absolutely insane. Looks like it peaked about $900 then fell back to 625 or so. I don't know if there's a way to tell how low it might go, or if it even matters.
 
If you use Armory (https://bitcoinarmory.com/) You can print a paper wallet then just type that address in. It will have a private key you will need if you want to send your coin anywhere. Just print multiple copies and store in a safe place.

Or you can create a wallet and encrypt it then store it wherever you like, give copies to friends/family to look after.

Recon said:
I'd love to have 1 or 2 of these just in case it takes off. I really need to understand how to make SURE that I don't lose my wallet though. Anyone here willing to sell one?

Its so hard to tell where to get in though - the chart right now is absolutely insane. Looks like it peaked about $900 then fell back to 625 or so. I don't know if there's a way to tell how low it might go, or if it even matters.
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What does this chart suggest? Volumes are miniscule compared to the peak in April.


753_chart.png

Source: http://bitcoincharts.com/charts/mtgoxUSD#rg360ztgSzm1g10zm2g25zv
 
SilverSaviour said:
Is it bearish?
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It could be bearish. I don't know, it suggests to me that despite the huge increase in prices, there hasn't really been many moved, and when they do get moved, then we'll see some action.

That, or that there are many more exchanges now.
 
roman said:
SilverSale said:
roman, let me know when you buy :P
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What makes you think I like you enough to do that exactly?

I'm too smart with my money to gamble with a bubble, smart money is not the reason it's surging upwards.

I'll catch the next wave hopefully.
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May I ask what are you waiting for? Not trying to be a pest but really. Im in the sidelines right now too but want to invest more BUT not 100% sure. Maybe there is a perspective or angle I have not considered, thanks in advance!
 
Bullion Baron said:
pro$pector said:
700% return this year alone, compared with a near 0% return (if not a loss) on gold and silver.
That is my justification!
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That's easy to say in hindsight. Do you think those buying now at $70 will also be looking at a 700% return over the next few months?
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Was just looking through the first 10-20 pages of this thread, some absolute gems, but this one caught my eye :lol:
 
RetardedMonkey said:
Bullion Baron said:
pro$pector said:
700% return this year alone, compared with a near 0% return (if not a loss) on gold and silver.
That is my justification!
Click to expand...
That's easy to say in hindsight. Do you think those buying now at $70 will also be looking at a 700% return over the next few months?
Click to expand...

Was just looking through the first 10-20 pages of this thread, some absolute gems, but this one caught my eye :lol:
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Hahaha absolutely EPIC!
 
Are we seeing an unpassable parity wall for Bitcoin & Litecoin, the value of Gold & Silver? Or will they surpass & continue upward?
 
Dynoman said:
Are we seeing an unpassable parity wall for Bitcoin & Litecoin, the value of Gold & Silver? Or will they surpass & continue upward?
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Given that LTC hit a high of US$43 today (on BTC-e), I think that answers the question for LTC ;)
 
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