Are you an optimist or pessimist after the auction?
by
Ohh Pewee
on 02/07/2014, 17:06:36 UTC
Are you an optimist or a pessimist now that auction has mostly completed, and why? Obviously we don't know the price yet, but I tend to be optimistic. I didn't see how people thought the btc were going to go under market price, which I why I went long with max leverage @ 581 and bought all the way up to 620
I find it interesting that people have been calling for a july bubble for months now, and this auction seems to line up perfectly with that theory. We had months of pent up good news, and I think we just needed a major catalyst to get this train going again. There's definitely going to be another bear trap or 2 before the official start of the bubble, but I really see this auction as bullish news.
The price seems to have dropped steeply all of a sudden from about $675 to $620. I'm thinking of picking up some more btc, I feel like it will inevitably go back up again. What do you guys think?
I would. I don't see it going down much further, and it will inevitably go up again soon.
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BoardSpeculation
Re: URGENT, Bitcoin is on the verge of collapse !!!
Today is 1st Jun 2014 and time for new chart, seems blue zone is broken, but its just beginning, (not yet)
Willy bot working hard to rise up the bitcoin price, and trying to adapt us to the new level price, but this will be short term, and after that coming final fall and bitcoin the end. Bistamp or or any other exchange will be shutdown. (mining factor will be below 1 cents per GH at 24hr)
Im from germany too and i must disagree, even internal bank transfers (to the same bank different location/town) takes atleast 2 days... im doing several transfers per week. Also if you want an instant sepa transfer for 1000 it cost you around 40-50 ! Im have my account at the volksbank btw
Greetings
Edit: there are no fees though for a normal bank transfer, but i think we are already paying it with the yearly bank account fee that cost around 25-30
I am in Scotland.
My German bank account it is with DKB. And SEPA transfers occur for me same day, and cost nothing. I have no idea if I get charged a fee for my German bank account or not. In the UK, we do not get charged fees, but perhaps on the continent things are a little different. Certainly, the interest I get paid on my German account is actually 'noticeable'.
Which proves why bitcoin can be superior. Laws and fees are different everywhere, sometimes even within the same country. It's very easy to get confused and overwhelmed. With bitcoin we know there is a 1-way fee, and we know it is very small. We don't have to speculate on what or if you're subject to fee's, with bitcoin we just know. How many crazy laws, 'miscellaneous' fees, and hoops do you have to jump through when sending money to someone else? That's not even considering how slow it is, and the fact that banks in the US close very early on Saturday, and are completely closed on Sunday.
Bitcoin is a very good way to transfer value. Obviously converting to fiat might be subject to slippage between BTC / your local currency, but that slippage will continue to decrease with time.
I am back Been busy doing other things since I sold my house for bitcoin, and haven't really been following the price that closely. I check every so often and lo and behold it is back to $660+ right now!!!!!!! Well it looks like my $400K investment is going to make me a millionaire very soon. Now back to what I was doing... enjoying life.
THIS ^. STRONG HANDS.
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Re: I'm All In - Sold My House!
by
Ohh Pewee
on 27/05/2014, 23:46:31 UTC
Hope OP didn't get weak hands in the last couple months. I really hope this works out for him.