Seems that Overstock is already accepting Bitcoin. Wasn't this supposed to happen somewhere around the second quarter?
https://help.overstock.com/app/answers/detail/a_id/5794/c/4
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30418. (Read 26712348 times)
January 09, 2014, 01:57:25 PM
January 09, 2014, 01:55:46 PM
I don't think it is helpful to think in such terms as the US dollar will fail, bitcoin/gold will win. End of the world scenarios don't happen often and are not a great investment strategy IMO.
no they don't happen often but if you look beyond the mainstream media you'll know it's on its way.. actually it's long overdue, only the QE, low interest rates and market manipulation is keeping the economy going now, they may try keep it propped up for a while longer but it's not entirely in their hands, foreign held reserves being offloaded may trigger collapse at any time.
I suspect most the world will be looted through privatisation, bail ins etc before we switch to a new world reserve though, really we should just say this fiat ponzi scam ends here, the debt is cancelled, bankers go to jail but unfortunately our governments are pretty much owned by banks and corporations so that aint happening without a revolution.
January 09, 2014, 01:52:44 PM
Don't like the looks of it, and I don't see that changing very soon. Ergo: (relatively small) re-arrangement of my position complete. Just to let you know, arepo 
the outcome is still fuzzy short-term, but it doesn't look good for the coming week, that's for sure. i'm still expecting a bearish formation up to $875 +/- $10 on stamp before we break under the short-term bottom, but good call on the most recent move down. it's hard to make intraday calls better than chance, and so my focus is usually on risk management, and while i did take a small loss i quickly recouped it and more with a slight re-arrangement of my position as well
--arepo
Problem is there is no buying. Hard to make a bearish wedge pattern if you can't even move in an upward direction off a bounce.
My gut feeling is that there was a lot of enthusiasm that the new year would bring tons of new money right off the bat and in truth the new year hasn't. Its almost like buying the rumor selling the news.
I think we are bearish for at least a little bit now.
That almost makes me a little more bearish.
Contrary to your assumptions, I am flexible on these matters too.
January 09, 2014, 01:52:19 PM
That almost makes me bullish.
That almost makes me nervous.
January 09, 2014, 01:51:14 PM
Don't like the looks of it, and I don't see that changing very soon. Ergo: (relatively small) re-arrangement of my position complete. Just to let you know, arepo
the outcome is still fuzzy short-term, but it doesn't look good for the coming week, that's for sure. i'm still expecting a bearish formation up to $875 +/- $10 on stamp before we break under the short-term bottom, but good call on the most recent move down. it's hard to make intraday calls better than chance, and so my focus is usually on risk management, and while i did take a small loss i quickly recouped it and more with a slight re-arrangement of my position as well
--arepo
Problem is there is no buying. Hard to make a bearish wedge pattern if you can't even move in an upward direction off a bounce.
My gut feeling is that there was a lot of enthusiasm that the new year would bring tons of new money right off the bat and in truth the new year hasn't. Its almost like buying the rumor selling the news.
I think we are bearish for at least a little bit now.
January 09, 2014, 01:47:34 PM
Don't like the looks of it, and I don't see that changing very soon. Ergo: (relatively small) re-arrangement of my position complete. Just to let you know, arepo
the outcome is still fuzzy short-term, but it doesn't look good for the coming week, that's for sure. i'm still expecting a bearish formation up to $875 +/- $10 on stamp before we break under the short-term bottom, but good call on the most recent move down. it's hard to make intraday calls better than chance, and so my focus is usually on risk management, and while i did take a small loss i quickly recouped it and more with a slight re-arrangement of my position as well
--arepo
Problem is there is no buying. Hard to make a bearish wedge pattern if you can't even move in an upward direction off a bounce.
My gut feeling is that there was a lot of enthusiasm that the new year would bring tons of new money right off the bat and in truth the new year hasn't. Its almost like buying the rumor selling the news.
I think we are bearish for at least a little bit now.
January 09, 2014, 01:45:28 PM
Wow , seems like I missed a lot of FUD , opened reddit , looked for a few seconds , decided to close it.
It's this the new bear ammo for today?
It's this the new bear ammo for today?
January 09, 2014, 01:40:56 PM
Don't like the looks of it, and I don't see that changing very soon. Ergo: (relatively small) re-arrangement of my position complete. Just to let you know, arepo
the outcome is still fuzzy short-term, but it doesn't look good for the coming week, that's for sure. i'm still expecting a bearish formation up to $875 +/- $10 on stamp before we break under the short-term bottom, but good call on the most recent move down. it's hard to make intraday calls better than chance, and so my focus is usually on risk management, and while i did take a small loss i quickly recouped it and more with a slight re-arrangement of my position as well
--arepo
January 09, 2014, 01:37:10 PM
If only I could fart bitcoin out my unicorn ass!
I've tried many times and even ended up in the ER on one occasion. Several coins that symbolized fiat currency were removed from my rectum. I embarrassingly explained that I had attempted to create bitcoins through intestinal alchemy.
January 09, 2014, 01:34:57 PM
January 09, 2014, 01:23:19 PM
If only I could fart bitcoin out my unicorn ass!
Change the food , normally you'll get only shitcoins out.
Awesome poster
January 09, 2014, 01:22:31 PM
Watching mt gox via bitcoinwisdom. Gentle constant selling down near $900 dollars..Bot firing off sells every few seconds..Some buying would be nice!
January 09, 2014, 01:20:41 PM
If only I could fart bitcoin out my unicorn ass!
I've tried many times and even ended up in the ER on one occasion. Several coins that symbolized fiat currency were removed from my rectum. I embarrassingly explained that I had attempted to create bitcoins through intestinal alchemy.
January 09, 2014, 01:17:56 PM
January 09, 2014, 01:15:18 PM
the US dollar will crash and burn this year without any help from bitcoin.
I don't think it is helpful to think in such terms as the US dollar will fail, bitcoin/gold will win. End of the world scenarios don't happen often and are not a great investment strategy IMO.
At this stage I think getting btc more widely used for internet payments, increasing the market cap gradually to eventually allow big firms to actually use it for transactions is far more important. Slowly slowly catchee monkey!
January 09, 2014, 01:08:50 PM
the US dollar will crash and burn this year without any help from bitcoin.
January 09, 2014, 01:06:17 PM
What's scary on the paper wallet (preferably encrypted using BIP0038)?
Paper wallets can be tricky. I think your most secure option is to use Armory with the cold storage option explained on the Armory site.
January 09, 2014, 01:01:33 PM
What's scary on the paper wallet (preferably encrypted using BIP0038)?
Nothing imo, I use Armory and I'm happy with it, but until I fully understood it I was dubious about security. In fact that was the thing that put me off getting in a few months before I actually did, it took research and I just didn't have the time.
January 09, 2014, 12:53:20 PM
What's scary on the paper wallet (preferably encrypted using BIP0038)?
January 09, 2014, 12:51:30 PM
http://www.coindesk.com/worlds-first-insured-bitcoin-storage-service-launches-uk/
Maybe encourage a few whales to take the plunge? I guess fear of theft and misunderstanding of paper wallets and how secure they are could have put them off.
Maybe encourage a few whales to take the plunge? I guess fear of theft and misunderstanding of paper wallets and how secure they are could have put them off.
Gotta say, I put some bitcoins into paper wallets and it's actually kinda scary (to me). I'd almost rather a small android device running Mycelium that I'd stick in a safe.
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