Anyone know where I can buy some in exchange for BTC, Bitmit has a few but all for the US site.

Yeah just seen it, thanks.

Anyone know where I can buy some in exchange for BTC, Bitmit has a few but all for the US site.

Couple of questions really.

Are there any UK miners about?

Are you paying Tax on any mining Profits?

Have you set up a company to mine under to avoid high tax, reclaim VAT etc? And can you offer any tips if you have?

Relatively easy to answer, if the BTC:USD value changes but EUR or GBP:BTC doesn't then its the dollar.

If everything is going up then its BTC.

What if the twins cause a publicity field day and "Settle" their differences with Zuckerberg the result of which being that Facebook now accepts bitcoins...

Fear, recent buyers are freaking out after buying in at +100

Really just need some good press, things are happening just nothing concrete coming out and all the while the price is trickling down.

The problem is until people can start using Bitcoins to purchase products you will find it hard to convince the average punter that its legitimate.

Catch 22 being that people aren't using bitcoin to purchase products because their aren't enough retailers, and there isn't enough retailers because the market is too small and so on.

It does seem to be crawling towards the tipping point though, we're just not there yet

I'm not exactely 100% on this but from my point of view SHA256 is the backbone of bitcoin.

If you were to take it away and use another it wouldn't be bitcoin anymore you'd just have a new Coin. So yes miners will continue to mine bitcoins because that's the accepted currency.

It would be the same as if another coin was created, essentially ASICs provide insurance that bitcoin is "the" go to coin. Since it has dedicated hardware built for it. ie they can't just flick over to a new coin and start mining that instead.

Hash rate does not affect price.

Price can occasionally affect hash rate.

That's all

I saw a news story about a link but personally I don't think the recent sells have anything to do with it. Purely coincidence

Sorry let me try that again

http://i.imgur.com/FXjI5.gif

Yes, but he might of been the big seller from the day before.

Little bit of a downturn, not sure theres enough support to kick it back up again.

Really could do with some news around Bitcoin to get somethign started. Everything over the last few days has been done relatively blind.

We need a new start up or Ebay to allow people to pay via bitcoins.

It's already up, even if you ignore the bubble the rise in price even from last year to its current position is quite impressive.

Personally I think its due to the now almost media black out on Bitcoins.

There's no necessarily bad news but there aint no good news either. Kinda get the feeling one big story could throw it either way.

What your seeing is people with shaky hands selling off the moment they see any slightly downward trend.

ish, not falling as fast is probably a better description.

Well someone just bought a big chunk of it not sure if its going to buck the trend though.

Yeah just saw this, seem to start some time last night (UK time)

Few small sells dropping the price aggresively and then suddenly this morning boom massive sell off.

Manipulation?

Your analist..... I'm not sure I want to know what their job entails