Bitcoin in RALLY mode - page 4. | Bitcointalksearch.org

fabianhjr

sr. member

Activity: 322

Merit: 250

Do The Evolution

Quote from: Bruce Wagner on January 13, 2011, 02:05:21 PM

A quote from the beginning of THIS THREAD....

Quote from: S3052 on October 07, 2010, 04:37:38 PM

Next big target is the all time high around 0.08

Those who are pessimists will always be pessimists.

Meanwhile.... those who are putting ALL of their money into bitcoin...... are very pleased.

A 666% increase in 3 months time.... How much is THAT annually...? 2664% per year?

Hey, magic must be involved. You consulted with *censored* and must be burned alive.
D:> <---Tin Hat

LOL just joking. This is awesome! Going to start a market here in Mexico when I figure RoR out.

Bruce Wagner

sr. member

Activity: 336

Merit: 252

A quote from the beginning of THIS THREAD....

Quote from: S3052 on October 07, 2010, 04:37:38 PM

Next big target is the all time high around 0.08

Those who are pessimists will always be pessimists.

Meanwhile.... those who are putting ALL of their money into bitcoin...... are very pleased.

A 666% increase in 3 months time.... How much is THAT annually...? 2664% per year?

S3052

legendary

Activity: 2100

Merit: 1000

Quote from: Bruce Wagner on January 13, 2011, 02:01:34 PM

Holy Moly! Bitcoin is seeing another SURGE! It just hit $0.40 per
Bitcoin! It was only $0.06 only 3 months ago.

http://mtgox.com/trade/history

Yes, we are in an acceleration phase of a big , high volume rally.
At this stage, selling is not really needed from a technical perspective (unless people really need cash or need to buy sth with bitcoins in the short term)

Bruce Wagner

sr. member

Activity: 336

Merit: 252

Holy Moly! Bitcoin is seeing another SURGE! It just hit $0.40 per
Bitcoin! It was only $0.06 only 3 months ago.

http://mtgox.com/trade/history

FreeMoney

legendary

Activity: 1246

Merit: 1016

Strength in numbers

Quote from: Babylon on January 02, 2011, 08:48:10 PM

I notice the price is up around 30 cents.

I am not sure why prices need to keep going up in order for more businesses to accept bitcoins though, Just so that bitcoins in circulation are worth enough for it to be a worthwhile market to tap into? or?

It's more the reverse I think. If it is used more widely then the value relative to other currencies will go up. But there is causation the other way too.

It would be pretty hard to buy a house with bitcoin right now since you would need more than all of them, but as you went to get them you'd drive the price up yourself. The trouble is that the deal is hard to work out, what do you say buy bitcoins until you've spent $2M USD and give me that many? That doesn't exactly give incentive to get the best price on them. The other way has the same problem "Keep giving me coins until I've sold them for a total of $2M" now I don't have much incentive to get a good price and we're denominating in USD anyway.

So wider trading will allow bigger trading which will open up more opportunities making the economy wider... but it won't happen all at once.

Speculating (by buying now) that it will happen eventually will help it to happen faster too. Offering to trade goods and services will help the most though.

Babylon

hero member

Activity: 938

Merit: 500

CryptoTalk.Org - Get Paid for every Post!

I notice the price is up around 30 cents.

I am not sure why prices need to keep going up in order for more businesses to accept bitcoins though, Just so that bitcoins in circulation are worth enough for it to be a worthwhile market to tap into? or?

S3052

legendary

Activity: 2100

Merit: 1000

That's a good question about the miners.. I would love to understand this as well.

jimbobway

legendary

Activity: 1304

Merit: 1015

Quote from: S3052 on December 26, 2010, 05:44:41 AM

BTC/USD has just cleared the 0.25 resistance and moved to 0.26 $ on relatively strong volume.
RALLY seems to continue...

Seems like the dark pool ASK order on MtGox has been bought fully.

Cool. I wonder if the mining pool has anything to do with this. Maybe it made so big miners go low on business.

S3052

legendary

Activity: 2100

Merit: 1000

BTC/USD has just cleared the 0.25 resistance and moved to 0.26 $ on relatively strong volume.
RALLY seems to continue...

Seems like the dark pool ASK order on MtGox has been bought fully.

S3052

legendary

Activity: 2100

Merit: 1000

Quote from: kiba on December 09, 2010, 10:18:48 AM

Quote from: S3052 on December 09, 2010, 09:52:56 AM

Maybe we can reach out to some Asian forums? Anyone who has some contacts?

A bunch of Japanese tweeted about bitcoin. Maybe we could contact one of them and ask them if they're interested in making some sort of exchange for yen to bitcoin.

That would be great if you can connect with them.

There exists the possibility on btcex.com to trade JPY/BTC already, and either the Japanese can do it that way or they set up their own exchange, which is maybe a better way to get funds in.

FatherMcGruder

sr. member

Activity: 322

Merit: 250

Businesses can encourage bitcoin adoption by offering discounts on purchases paid in bitcoins. They can also offer cash to bitcoin conversions in person. Of course, that all depends on the existence of a quick and easy way to handle bitcoin transactions in person. Having to type in a bitcoin address just to buy a beer is no fun.

What about buying bitcoins with one’s cell phone via SMS, or an application? Would such a method offer a more secure transaction for the seller?

kiba

legendary

Activity: 980

Merit: 1020

Quote from: S3052 on December 09, 2010, 09:52:56 AM

Maybe we can reach out to some Asian forums? Anyone who has some contacts?

A bunch of Japanese tweeted about bitcoin. Maybe we could contact one of them and ask them if they're interested in making some sort of exchange for yen to bitcoin.

S3052

legendary

Activity: 2100

Merit: 1000

Quote from: Bimmerhead on December 09, 2010, 09:19:30 AM

Quote from: BitLex on December 09, 2010, 08:52:58 AM

Quote from: S3052 on December 09, 2010, 07:38:03 AM

No one interested Huh

lots of people are interested, i guess,
but it's still kinda complicated to get money into our little economy.

Not hard now, just use your credit card here: https://www.bitcoingateway.com/

True , but creditcards are accepted for US people only on bitcoingateway (which is great, but it should be global)

We should also make a pitch to get some Asian folks in. I am sure they are also interested in investing.
Maybe we can reach out to some Asian forums? Anyone who has some contacts?

BitLex

hero member

Activity: 532

Merit: 505

Quote from: Bimmerhead on December 09, 2010, 09:19:30 AM

Not hard now, just use your credit card here: https://www.bitcoingateway.com/

Quote

Currently, we can only accept US customers.

maybe news to you, but there are indeed people outside the US using bitcoin. Wink

Bimmerhead

legendary

Activity: 1291

Merit: 1000

Quote from: BitLex on December 09, 2010, 08:52:58 AM

Quote from: S3052 on December 09, 2010, 07:38:03 AM

No one interested Huh

lots of people are interested, i guess,
but it's still kinda complicated to get money into our little economy.

Not hard now, just use your credit card here: https://www.bitcoingateway.com/

BitLex

hero member

Activity: 532

Merit: 505

Quote from: S3052 on December 09, 2010, 07:38:03 AM

No one interested Huh

lots of people are interested, i guess,
but it's still kinda complicated to get money into our little economy.

if you'r not familiar with LR and don't know of any trusted partys to exchange your USD to LRUSD,
how'd you buy bitcoins on mtgox?
common paypal people don't want to go to IRC to try to find someone willing to trade PP2GOX and even if, there's still the trust-issue.

we'll see what happens as soon as mtgox enables €-funding from bank accounts,
at least i'm gonna add some more cash then, no idea what others do.

S3052

legendary

Activity: 2100

Merit: 1000

No one interested Huh

Are most people here busy with fighting Goliath's like paypal, mastercard, etc. vs. trying to grow bitcoins?

What about a tell-a-friend initiative?

If you convince a friend / colleague to buy bitcoins, you will get a special bonus?

S3052

legendary

Activity: 2100

Merit: 1000

it only takes about 30,000 $ to ignite the next bitcoin rally.
That means for example 30 people buying bitcoins for 1,000$ globally... Not a lot.

Why am I saying this?
because it is indispensible for the bitcoin economy that prices rise.
as someone else has stated yesterday in the forum:
unless the value of bitcoins rises significantly there is a viciuos circle :
not enough businesses accepting them, because too few customers having bitcoins
not enough customers buying bitcoins as not enough things to do with them

Drifter

sr. member

Activity: 364

Merit: 252

Quote from: ShadowOfHarbringer on October 28, 2010, 07:58:11 AM

Only by LibertyReserve though...

Why are all the hard currencies (including BTC) so hard to get ?

You can buy Liberty Reserve with bank transfers, money orders, money transfers (Wester Union, Moneygram), cash in mail, or exchanging another e-currency. What other funding methods do you want? Anything that uses credit cards is out of the question, and that's the only other funding method there is.

People have always made digital currency seem a lot harder to get than it really is. Take a little while to review exchangers and take it from there.

ShadowOfHarbringer

legendary

Activity: 1470

Merit: 1006

Bringing Legendary Har® to you since 1952

Quote from: kiba on October 24, 2010, 09:56:45 PM

Quote from: Bimmerhead on October 24, 2010, 09:54:26 PM

Wow, we hit $0.19 today!

The question though is this from money that was already in accounts before the PayPal debacle, or is there still new money flowing into MTGox?

It's now possible to send money into MtGox...

Only by LibertyReserve though...

Why are all the hard currencies (including BTC) so hard to get ?

Quote from: Timo Y on October 28, 2010, 07:07:14 AM

Quote from: kiba on October 27, 2010, 04:00:03 PM

Also, a dollar will now only buy you 5.15 bitcoins. The bitcoin economy is now worth 854344 dollars! We're on our way to a million dollar economy! Yippie!

The true value of all Bitcoins is less than marginal price * total amount.

Of course. People like to hold a lot of BTC in their wallet. If almost everybody just dumped the contents of their BTC wallets on the market at one time, the price would drop by many times.

Topic: Bitcoin in RALLY mode - page 4. (Read 22337 times)