Quote from: ltc_foundry on April 16, 2013, 01:36:05 AM

Quote from: Pangia on April 16, 2013, 01:31:23 AM

Quote from: ltc_foundry on April 16, 2013, 01:25:57 AM

Quote from: Pangia on April 16, 2013, 01:19:37 AM

I know that I've said in the past that I would hold onto my coins, but if it starts playing in the 60's this week, then that tells me that this is a slow bleed-out. Where we stop on the way down is anyone's guess. So if we start playing in the 60's, I think that it will be time for me to gracefully exit.

Good, one less speculator.

Here's a thought, how about trying to create something of actual value and trade that good or service for bitcoin directly, without worrying about the last 10 candles on clarkmoody?

This is like a goddamn forex forum anymore.

Actually I did. I'm working on attempting to create a bed and breakfast type business that accepts Bitcoins. The idea came about after Airbnb.com's refusal to accept Bitcoins. 9flats.com recently began accepting Bitcoins.

Because of the wild price swings, a simple brick and mortar start-up like I wanted to get off the ground is extremely difficult. But I won't give up.

Excellent, congratulations!
If you accept bitcoin as a payment option, how much of your business do you expect to conduct in BTC? certainly not 100%, and certainly you shouldn't be valuing tangible material expenses in BTC either, at least not yet. If your business is viable, eating (or gaining) the price swings on a few of the bookings in BTC shouldn't plow it under either.

It isn't going to be all Bitcoin based of course when it starts. Hopefully, in the coming years when Bitcoin finally settles down and a firm value is reached, then we can enhance our acceptance of Bitcoin. Doing so will eliminate the high fees charged by Airbnb.com + the Paypal fees.

If I came off as a Bitcoin basher, then you misunderstood my posts. I'm a firm Bitcoin believer!! I bought in when it was very cheap, so my need to exit isn't based on speculation, but on survivability. I need my funds to start my venture, hence my interest to exit in the 60's if we start playing in that area this week.

Good luck to you.