$67
Hard to believe a "currency" backed on nothing tangible is slowly making its way back to zero.
At what point should we buy these? Im down to risk a few k
Mt. Gox, the largest Bitcoin exchange, suspends withdrawals in dollars. June 20th
http://www.theverge.com/2013/6/20/44...als-in-dollars
Lol, visions of Lock poker. Nevertheless, the chart around that time starts to go south.
http://bitcoincharts.com/charts/mtgo...a2gEMAzm2g50zv
Don't try to analyze the news, though. You never know as much as the "smart guys". Just follow the chart. You might catch a quick trade as it bounces off the 50 day Exponential Moving Average which is $60'ish. But that would be just a quick trade for a couple bucks.
The smart trade is a short but who is gonna lend you Bitcoins that you can buy back later at a lower price?
Again, don't analyze the news when trading... All the news is already built into the price........ But the the Winklevoss twins are gonna fuck it up by bringing the heat from the regulators/Fed's as they try to get approval for an ETF.
Bitcoins are donkdown.
bitcoins are here to stay and are making total inroads into legit biz.
for example, you can buy fleets of malware infested computer botnets with bitcoins.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
I do expect bitcoins to go donkdown at some point, most likely due to government intervention, but that day is not today.
If only it were so easy. If you use coinbase.com it takes 1 week to process your btc purchases. I actually bought a few after I typed that $67 above last Friday and am supposed to get them around 4:47pm this afternoon. I got them at $67.62 but actually still have not received them. I will get them today when the price is ~$95 so I might as well just turn around and sell them right back and wait for them to go back down again before picking them up again.
The 1 week wait is a double edged sword, had the price of gone the other direction when buying them 1 week ago, one would be SOL. Of course there are other mediums of exchange but coinbase is pretty much as legitimate as it gets it seems.
"Coinbase charges just a 1% fee for each transfer from bitcoin to dollars or from dollars to bitcoin. Sending or receiving bitcoin between online wallets, friends, or merchants is free and always will be."
per-
http://support.coinbase.com/customer...t-cost-to-use-
1% is very reasonable. But what a slow trade process. The exposure on such a volatile commodity during the trade would be too much for my weak heart.
Do you buy or bid a firm price or you are filled at market? I am going to look into the process.
This is not an offer to sell or a solicitation of any offer to buy any securities. ... Lol
Looks like they now allow instant purchases up to 50btc if you are verified. hmm
http://venturebeat.com/2013/07/12/co...oin-purchases/
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