BC drops 250$
 

http://preev.com/

After 1month stability around 950$, bc drops 250$.

buy buy buy?

It has been around 800 to 900. We spent 33K when it was 633 a couple hours ago.
Hell yeah buy that shit. It was just at 681 a few minutes ago.
When it hits 850 we will sell it and laugh all the way to the bank once again.

Do you always buy/sell in that 600-900 range? Or how do you 'know' when to sell/buy?

Your safest bet would be to ask me what transactions i made recently from time to time and then do the exact opposite. For instance, I recently bought into PPC, so you can expect that to drop like a rock any minute now.

Exactly. That's the way I purchase Bitcoin. Doesn't matter when I buy it, it goes down.

It's so bad that I'm almost certain that all cryptocurrency market fluctuations are influenced exclusively by my decisions :1orglaugh

loloolol..

lolz :1orglaugh :1orglaugh :1orglaugh

buy and hold. keep buying and keep holding...it's going to 10k plus in 2 years so who cares if you buy at 400 or 900

Going to 10k$ per coin?

This is true, whenever I secide to sell my bitcoin the price increases by 1000%

If I sell some bitcoin I will surely see he price drop another 40%.

Bitcoin prices have crashed over the last few days--again!--this time because Mt. Gox, a major bitcoin exchange headquartered in Tokyo, abruptly announced it was suspending all withdrawals for "technical" reasons.

http://www.latimes.com/business/hilt...#ixzz2smCaLWTg

I would have thought that something like Litecoin would have really gone up in value since Gox has been cocking around..

$662.9 :winkwink:

Whats up with mtgox?

I believe that to be true. There is a finite amount of Bitcoin that will eventually be completely mined. I have read that it is projected that the ultimate value of a Bitcoin will top out at $400,000.00 each.

Where are you buying and selling? There was just an arrest on money laundering charges by the state of Florida on LocalBitcoins. Guys are on there operating as one man exchanges which I guess is against the law.

dunno about 2 years, but I'd go with that in 5

A really smart person would sell options on bitcoins

you'd never be able to get the counterparty to pay up though

There were some significant Bitcoin related arrests a few days ago.

http://krebsonsecurity.com/2014/02/f...in-exchangers/

What about non niggas? :winkwink:

Who has the hot potato last
 

There's the optimistic view

http://www.newscientist.com/article/...l#.UvcT61OScjV

Then there is the technical issues

http://www.newscientist.com/article/...l#.UvcT_VOScjW

But the $250 drop this week. As I said before, MTGOX has to keep market stability. They can, if buyers outpace sellers. However, if sellers overwhelm buyers, MTGOX has to draw against their dollar balances. Since Bitcoin has skyrocketed, MTGOX has too little cash to cover Bitcoins purchased at $.10 to $600 and have to redeem at $700-1100.
Same thing happened to the US Treasury in the 60-70's when they couldn't redeem dollars for gold fast enough. This is Bitcoin's problem.
In a stable market, all works well. In an extremely volatile market great fortunes and and poverty can be the result.
Market imbalance is one of the major causes the cash of '29.

And in 6 months when 1 BTC = $8500.00+ you'll be laughing your ass off right? :upsidedow

what he said

Yes, do your research. The numbers of coins total vs the amount of fiat money that wants to go across borders etc..... Lookup bitcoin and dark money.

No-one knows where bitcoin will go to but........I personally think that that number is LOW!!!

Sound good, my nigga :thumbsup

Lets quote for future reference :upsidedow

yes I will be laughing still, you don't think I am holding a nice amount as well? Why not make money while it keeps going up or is that stupid to do?
As far as the other questions go I have no clue what you mean. What is bitcoin? I have never heard of that before