this is nuts
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this is nuts
Ahh! When do I sell my two measly little bitcoins?? I'm not used to having a bubble asset!
http://www.youtube.com/watch?v=eTmkowx_1xkQuote:
Originally Posted by osoab
This makes me feel like when I first started getting into gold watching the wild swings with excitement and amazement.
750.00 Mt.Gox
Sell them now and be thankful to the Gods for the found money. Pigs get slaughtered.Quote:
Originally Posted by Silver Rocket Bitches!
Hit 900 briefly.
685.00
BTW I sold at 835.00 :)
Now down to $670
Hopefully this is the crash I've been waiting for. Want to load up Sub $300 or even $200
You did? great timing. Get ready to buy. This could last or be gone in a flash.Quote:
Originally Posted by Ares
I don't have USD, or CAD trading account so I cannot capitalize on these moves unless the price drop is sustained.
Same. I have a lot of money ready for it. I've been selling my stash in small intervals. I've made a lot of $$$ this week.Quote:
Originally Posted by Son-of-Liberty
I hope so, just waiting to see where it goes before I buy back in. Yeah when it bounced off of 900 at Gox I knew it was time to exit. At least that was my gut feeling.Quote:
Originally Posted by Son-of-Liberty
Are you getting close to shopping for the big spread in the hills?Quote:
Originally Posted by Ares
Hell I wish, I've only been trading 2 coins, 1 at each (BTC-e, Mt.Gox) exchange. So yeah while today's gains have been impressive no where near enough capitol to tell the boss here's my 2 weeks. LOLQuote:
Originally Posted by EE_
Watch it hit $1000 in the next two hours though.Quote:
Originally Posted by Ares
:p
Hash - GHash - Netherlandia
Attachment 5685
GHash.IO and double-spending against BetCoin Dice
https://bitcointalk.org/index.php?PH...topic=327767.0
Bitcoin Trades Over $1000 On BTC China Exchange And Crashes 30% ... Then Rebounds
Submitted by Tyler Durden on 11/18/2013 - 20:38 http://www.zerohedge.com/sites/defau...C%20drop_0.jpg
Putting to rest fears that today's Senatorial hearing on digital currencies would crater Bitcoin (if in the immediate term), moments ago the digital currency priced in USD on the Mt Gox exchange, rose to yet another unpredecented price, hitting $850 moments ago, or about 50% higher than where it was this morning. But you ain't seen nothing yet. Because at the same time, the Renminbi-denominated price of Bitcoin on BTC China, has the digital currency at 6780CNY. At a USDCNY exchange rate of 6.09, this means a price over $1100 per Bitcoin. Naturally, at this point we would suggest picking up the 20%+ free arb, however it is unclear how one can short the CNY priced leg of the transaction, or if for that matter, there is even an actual, liquid market in the currency. Because as the final chart shows, taken literally moments before we were going to post this article, BitCoin touched $900 on Mt Gox... and promptly tanked to just under $700, entering a bear market in the span of seconds on what appears to be about 10,000 trades.
Government is DUTCH TULIP-ing Bitcoin. That's one way to destroy it - make it go exponential and then CRASH!
LOL - forget the lost gold and silver. This guy lost a fortune in unrealized bitcoin gains! If he doesn't go postal I'd be surprised.
WARNING: Do NOT Buy Gold or Silver from Bitcoin Site Coinabul
by Jason Hamlin - Gold Stock Bull
Published : November 17th, 2013
This a quick warning message to gold and silver investors: DO NOT purchase any bullion from the bitcoin website Coinabul.com. This site has built a reputation as the first and one of the only sites to accept bitcoin in payment for gold and silver. I have used them in the past with no problems, but my latest order that was supposed to come the next day, is now nearly a week late.
In addition, their customer service is not replying to emails or answering the phone. Their phone number goes to a message saying to call back tomorrow during business hours, even if you are calling during regular business hours. I have also found several other people on popular bitcoin bulletin board sites complaining about never receiving their orders from Coinabul or receiving them months later.
While the irreversibility of bitcoin and ability to transact anonymously can be a benefit in many situations, in this instance it means that I might have been ripped off without recourse to recover my payment. Fortunately, I only made a small purchase with a fraction of my bitcoin holdings, but the company could be pulling in thousands per day in bitcoin payments from those not aware of the potential fraud.
24hGold - WARNING: Do NOT Buy ...
Their website continues to function, updating prices on the fly, with no message about delays or other fulfillment issues. The items that I ordered, American Silver Eagles coins, have even changed to the status: “out of stock.”
Using a site like Coinabul is a great way for those that have built up hefty gains in bitcoin, to take some profit off the table by exchanging bitcoin for physical metals. In my view, this is an excellent time to do so, as Bitcoin is now over $400 and precious metals are trading at very oversold levels after correcting sharply in the past year.
I will be updating this page if I hear anything back from Coinabul. Hopefully this was just a misunderstanding and they will respond soon, but I am not holding my breath after reading similar stories from others over the past few months. It seems silly to rip off a handful of customers and lose all credibility in a business that was legit for a long time and apparently was processing a good amount of bullion orders every day. This loss of confidence in Coinabul opens the doors for competitors and probably marks the end of the company.
As an investor and proponent of both gold and bitcoin, I really want to like Coinabul. If there are supply issues or regulatory problems, don’t accept orders or at least tell customers about the delays. If you can’t deliver as promised, return the bitcoin payment immediately. This is just simple common sense and good business practice.
In the meantime, please be advised that I still have not heard anything back from customer service after several days and multiple attempts to contact them via phone and email. I may have lost my money and been con-a-bulled, but hopefully this reaches people that may be considering a purchase from their website. Buyer beware, at least for the time being!
Here a few links to others complaining about Coinabul not delivering bullion and keeping their money:
https://bitcointalk.org/index.php?topic=149253.420
http://www.reddit.com/r/Bitcoin/comm...he_moment_the/
24hGold - WARNING: Do NOT Buy ...
If you would like to purchase bullion with bitcoin and are looking for an alternative to coinabul.com, check out Agora Commodities. I have no affiliation with them and have never used their website, but others have reported success and quick delivery. I am going to put through a small order and will review their service after it is fulfilled. It also appears that their prices are significantly lower than Coinabul.com.
24hGold - WARNING: Do NOT Buy ...
Another website that accepts bitcoin for gold and silver bullion is https://www.goldsilverbitcoin.com
http://www.24hgold.com/english/news-...r=Jason+Hamlin
Tell me about it. I sold at $400, after watching it double from $200 in less than two weeks. I feel like a retard about now.Quote:
Originally Posted by Ares
Back to 700 isn't much of a "crash". I was hoping for more like back to 200 or less so that I can buy into the long haul. The idea of being able to travel without carrying loads of cash or relying on banks had me intrigued, but it seems to have all gone a bit crazy.
I'm very VERY new to trading, and have just been going with my gut. I just bought back in at 655. So I might hold, or I might sell again. Waiting to see where it goes. I'm going to be going to bed late tonight. LOLQuote:
Originally Posted by madfranks
What I've learned is to buy a lot when no one wants it. Sell it in small intervals as it goes up. Don't get greedy. Don't get angry at yourself for selling to short since you'll chase a rally which may turn into a falling knife and you'll cut yourself bad. Pay attention to what happens on multiple exchanges, especially the Chinese ones since they seem to be driving things a lot recently. Sometimes the best move to to not move at all, do nothing.Quote:
Originally Posted by Ares
"Dat be some good sheet that bitcon!"
http://i.imgur.com/A9hq2x5.gif
Bernanke is lovin' how bitcon is beating the piss out of gold and silver. He knows gold and silver can be manipulated temporarily. Bitcon can be manipulated forever.
The Great Rotation: From Bullion To Bitcoin
http://www.zerohedge.com/sites/defau.../picture-5.jpg
Submitted by Tyler Durden on 11/18/2013 12:53 -0500
Well you buy what's working, right? Don't fight the Fed? Oh wait...
http://www.zerohedge.com/sites/defau...8_BTCPMs_0.jpg
BTC just hit $670...
Nobody is going to look at gold and silver with the stock market and bitcoin making new highs every day.Quote:
Originally Posted by mamboni
Dead money
I think so too, its just as easy and fast for them also.Quote:
Originally Posted by mamboni
Really strange thread over on Bitcoin forums how one private miner out of the Netherlands is dominating all the Coins now too.
https://bitcointalk.org/index.php?to...100#msg3519100
Yep cex.io it's basically a miner exchange that mines Ghash.io. Instead of trading BTC's you trade GHash. I thought it was a little pricey. I have an account there but they're wanting way too much BTC per Ghash.Quote:
Originally Posted by Horn
Are Satoshi's riddles random in nature, or do they just increase difficulty while remaining somewhat the same?
Seems a crunch they could design some sort of logic chip that is optimized to the problems particularly, and jump ahead. Too centralized.
But then they just tiptoe in at just above the average competitor rate, then whamo, jaws clamp down.
"I can feel your anger! Yes, your hatred for gold and silver is making me strong! Gold and silver must go lower and lower! Then, when they are bloodied, and beaten, and hated by you.....they will be....MINE! Ha ha ha ha ha (evil laughter with echo)"
Emperor Mambonitine and how he cornered the gold and silver markets, circa 2013.
Heh, mamboni, you're going to need an island to store that all in.
I'm available for guard duty.
My resume is excellent, and criminal record very short also. :)
On a chinese exchange, bitcoin has hit $1100 USD
Learn how to yodel from Walter.Quote:
Originally Posted by Silver Rocket Bitches!
Just try to price the items in Bitcoin...
http://www.youtube.com/watch?v=HjT7bSHAHAU
This is the guy who woke me up to Bitcoin when the price was like $2. Discusses government hearings and possible future of Bitcoin.
http://www.youtube.com/watch?v=N0JWm92CssE
Guy talks like he's never seen a Litecoin?Quote:
Originally Posted by Shami-Amourae
Time Is To Go For Gold: Bitcoin Just Crashed ... Again – High Above $900 And Just Low at $540 GLD, MUX, TNR.v, GDX
"Time is to go for Gold and for the real one this time - Bitcoin "Gold 2.0" status will be killed by its parabolic rise and bust and maybe it is happening already. Just today the high was at $900.98 and the low at $502.62, according to mtgox.com. With this kind of volatility Bitcoin will be struggling to become The Currency, it is traders paradise for now, but it looks like our scenario $2000 - $50 (put your own numbers here) can happen very soon."
Quote:
Originally Posted by Horn
You gotta love the old folk: they know that the most important things are to love living and enjoy yourself!
Same thing was said back in April after it crashed from 266 down to 80. It was also said before when it crashed from 30 down to 5 before that. I trade, and it's not a paradise trading in this type of volatility.. But you'll have this type of scenario with liquidity shortages... The U.S. has 1 exchange (coinbase.com) which isn't anywhere near the top 10 exchanges in the world.Quote:
"Time is to go for Gold and for the real one this time - Bitcoin "Gold 2.0" status will be killed by its parabolic rise and bust and maybe it is happening already. Just today the high was at $900.98 and the low at $502.62, according to mtgox.com. With this kind of volatility Bitcoin will be struggling to become The Currency, it is traders paradise for now, but it looks like our scenario $2000 - $50 (put your own numbers here) can happen very soon."
So I see it as a liquidity issue more than anything. It's trying to find a value, but runs out of steam when liquidity dries up.
Try silver they can sell the equivalent of a years world production in 15 minutes, and it won't drop more than 5%...;)Quote:
Originally Posted by Ares
Maybe you should #AskJPM why that is? LOLQuote:
Originally Posted by Neuro
Naked Short selling isn't involved in BTC.... YET!!!! I'm sure it will eventually if they can figure out how to naked short it like they've done with the precious metals.