The Bitcoin Thread

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Tweebeenvis said:
So...

I'm getting scared. Bitcoin going down fast, $265 on last check. Time to get out?
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Eish that sucks dude.

You might as well hold onto it for now and see what happens, how much more worth can it lose amirite? Unless it closes below 235, then you are completely porked. Then the next support is 102.

If you can't handle the risk and you are getting nervous, then get out now. Currency trading is not for you :)
 
Keeper said:
I don't mine these days
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Same here, although I never really did mine. Just have a bitx account that I use occasionally to send money abroad / pay for stuff.
 
Isn't now a great time to buy coins? Buy low sell high strategy

Also thinking if any government gonna manage to tax bitcoin, seems like a wasted effort look at bittotrent and how difficult that is to kill
 
eg2505 said:
Isn't now a great time to buy coins? Buy low sell high strategy

Also thinking if any government gonna manage to tax bitcoin, seems like a wasted effort look at bittotrent and how difficult that is to kill
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May drop a lot more..

Got this message

As Bitcoin price witnessed significant and continuous dropping lately, the daily payouts of GHS will not be able to cover maintenance fees (now at $0.0023 per GHS per day) very soon. As you can see the payouts today have already been eaten up by 98%+ of maintenance fees.

According to our Terms, “in case the daily mining return is lower than the maintenance fee for at least 10 days in a row”, we’ll have to cease the operation of our mining farms and freeze all GHS contracts, which is a forced measure when there’s no mining profitability.

We’d like to warn you not to purchase more GHS as it’s not the best time for investment. And we are working on different plans for your profits when the conditions for freezing GHS contracts are met. The final solution will be released then.
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Still when was the lowest price of BTC?

It was almost worthless at one point then spiked to over $800 in a matter of hours

Very possible it could happen again
 
Also maybe were all wrong,
And BTC is worthless, after 21 million is created, maybe the price will jump?

It be a collectors item? Like an original commedire 64
 
eg2505 said:
Isn't now a great time to buy coins? Buy low sell high strategy

Also thinking if any government gonna manage to tax bitcoin, seems like a wasted effort look at bittotrent and how difficult that is to kill
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Nope.
 
My brother has been trying to convince me for a while to start buying bitcoins and I've been thinking about it just to shut him up.
 
Garyvdh said:
Still think these things are a waste of time.
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How is a currency a waste of time? Yeah sure - the mining thing is a waste of time for most people, but if u just buy bitcoins to send money around the world without restriction and middle-man banks - it's pretty cool.
 
saor said:
How is a currency a waste of time? Yeah sure - the mining thing is a waste of time for most people, but if u just buy bitcoins to send money around the world without restriction and middle-man banks - it's pretty cool.
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Yeah, and for a completly untraceable, currency its the best, its as good as cash i belive....
 
Hi Keeper, I would like to buy bitcoins. Last I checked Google said the conversion rate between the Rand and bitcoin was R2800. But ice3x is selling them for R3998. Why is there such a huge difference or markup and is there a place where I can get the coins cheaper?
 
SaoirseB said:
Hi Keeper, I would like to buy bitcoins. Last I checked Google said the conversion rate between the Rand and bitcoin was R2800. But ice3x is selling them for R3998. Why is there such a huge difference or markup and is there a place where I can get the coins cheaper?
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They're currently R3500 on BitX. You probably know but I'll say it anyway - you don't need to buy 1 BTC, you can buy any fractional amount like 0.0112.
 
Thanks for the tip saor. And yes I do know I can buy in fractions, but buying the full coin makes me feel like I'm buying something more substantial. I have a strange mind.
 
Small qiestion regardimg bitx,
Do they operate virual wallet on your account, and is there a min ballnce i must have in order to transfer from multibit, through to bitx?
 
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