BITCON... WHY its totally FLAWED

Sigh.

I was going to cash out half at $139.

And now we've dived.

I think I need to just start putting money in the bank and leaving it - never seem to work well with anything else I have to make decisions about.
 
Oh. To be honest, till this date I still daydream about what could have happened if I invested just 1000 dollars when it was 1 USD each. Would be nice to have a time machine for that.

Anyhow, hope you guys manage to cash out in time.
 
willrocks said:
spannermonkey said:
Altima said:
What's the price of BitCoin at now?
Click to expand...

You'd have to PAY ME to take them of your hands :lol: :lol: :lol:
Click to expand...

I still have some credit with MtGox. Put an order in at $85. Would be great if it gets executed tonight.
Click to expand...
So your going to pay me $85 to take your bitchcoins :D
SOLD :P
What's spot value of bitchcoins ;)
Can anybody sell me a 500kg of bitcoins at wholesale rates please :P
 
I came to the conclusion that the bubble in btc that we saw early this year was not going to be repeated anytime soon. Just look at what has happened with silver. Parabolas just don't recover and the more extreme they are the longer it will take to get back to where it was, never mind increase again. That it will need to go to a low point again before it is ready to go again, so why not get a bunch of money out now? Maybe I'll turn out to be wrong but it seems to be very much a psychological thing. As price starts to increase again people who missed out on the bubble price decide to sell once it gets to a certain point, thinking it's best to grab profits while they can, and price drops again. You get a lot of this kind of action until the "weak hands" as it were, get flushed out. Then it will be ready for another rise. But that won't be this year and probably not next. It's a long process.

Time to look for the next hated (or ignored) thing with potential...
 
I'm spending plenty and it still works just fine, doesn't really matter what the price is as long as you spend them pretty quickly after getting them.

The price stablility until the last couple of days was really nice, showed just how perfectly it functions as a currency when speculation isn't bouncing the price around.

Anyone who thinks Bitcoin is going to dissapear couldn't be more wrong in my opinion. Just look at wallet download stats, especially out of China.

Edit: Having not been on SS much lately I would have to say, looking at the buy/sell threads it's a lot easier to sell Bitcoin than Silver these days! :lol:
 
whats going to happen when most people won't be able to make a profit from mining? these are the very people that are keeping the interest and hype going in bitcoin?
 
ASICs are still very profitable.

GPU miners have become almost unprofitable for me at the moment.
As they would for most people in this bracket of electricity costs.
 
Cashed a few out on Gox, then withdrew the AUD using their "BSB Australia" method.

Then realised that goes through Technocash who they aren't going to use after June 15.

Lets hope my money isn't held in a magical world.
 
Yes ASIC's are profitable but allot of people have not got them yet, it's just a matter of time before they are not profitable.

The difficulty graph is scary and considering most people do not have a ASIC yet the tsunami has not even started.
The second tsunami will be when these units are much cheaper and all the high end hashing orders have been sent out and completed, surely this be bad for bitcoin if most people cannot make a profit and interest goes elsewhere and see no need to use it.

I'm thinking 6 to 12 months down the track I just cannot see how this can be a good outcome if the market is flooded with ASIC'S
 
slipage said:
whats going to happen when most people won't be able to make a profit from mining? these are the very people that are keeping the interest and hype going in bitcoin?
Click to expand...

Can you please explain the logic behind this...it makes no sense at all?

Miners are usually sellers of bitcoin, not buyers or spenders...

Bitcoin is being used as a currency in ever increasing numbers, especially in countries that aren't Australia...the Bitcoin section on Reddit is impressive evidence of this.
 
Has anyone on here withdrawn from MtGox using the international wire transfer option? I need to ask a few questions if possible.
 
I have set the option up, but have not made a withdrawal yet using this. Don't know if there is something I can help you with for this part of the process?
What is your question?
 
With the 'account number' section, have you had to enter your BSB+Account number? Or just account number?

My banks SWIFT code is only the 8 digit one, so doesn't have a location identifier.

So basically if BSB is 111-111 and Account is 2222333, would the account number be them both together, no spaces/hyphens etc... 1111112222333?

Sorry if that's not straight forward lol
 
RetardedMonkey said:
With the 'account number' section, have you had to enter your BSB+Account number? Or just account number?

My banks SWIFT code is only the 8 digit one, so doesn't have a location identifier.

So basically if BSB is 111-111 and Account is 2222333, would the account number be them both together, no spaces/hyphens etc... 1111112222333?

Sorry if that's not straight forward lol
Click to expand...

This is what I have done yes.
While doing overseas inbound transfers to my aussie account, this has functioned this way.
I have however not done this with MtGox yet, but I expect it to be working.
 
Okay, have entered the details on MtGox website as BSB+Acc#

Bank says I can't use a PO Box for address which always sucks.
 
You must log in or register to reply here.
Back
Top