Nashville Predators 2 @ 1 New York Rangers

New England Patriots 29 @ 27 Atlanta Falcons

I have heard un-deposits work well if you bring a rifle and ski mask.

A closer value would be the weighted average going all the way back in time as it shows how much money has actually flown in to the market to get to where we are at.

Agreed, I'm not trying to present this as fact. I just look at comparisons of things that have some things in common, others have compared BTC to USD, Gold, PayPal. It is just fun to play with the what if. I think enough reference points kinda build a picture around the idea. Enough of these relations should allow us to have some idea of the constraints and possible logical conclusions. Some of my ideas on bitcoin are related to induction of what could happen and also trying to use deductions. While none of this is really based in reality, it not entirely out of the question either.

Another thought on this topic is I don't think anyone was particularly un-happy about Kodak's prices and products. I never heard to many people go off about film prices or even paying for the prints. It was a great product and service for the price. Digital cameras are just a little more convenient especially for sharing, but this little edge proved to be a tsunami over time.

So Bit coins just have to be a little bit more convenient for paying. One thing that may drive adoption a little faster is if bitcoins are proven stable over the next few years, is that some people are outright pissed off about finical institutions, and activly seeking a way to avoid all sorts of pitfalls with our current system. Be it inflation or fees or some jackass knowing how much you blow on mcdonalds each month.

If you could explain to everyone bitcoins with out all the exceptions. Every positive statement for bitcoin has to end with a but...... you could get royally fucked and lose everything.

Its just not a solid sales pitch.

Its hard to embrace a technology that tries to thrash your margins and replace you. They may evolve, but it is a bit of the gun to the head situation.

So first digital camera was released in crude form some time around 1994. Here we are about 17 years later and Kodak has fell apart. In 1994 had you told them their business is done for they may have laughed in your face and showed you a copy of their current earnings.

If you take a look at western union and the fact that the fist P2P currency was released in 2009 then then I think by 2026 they will fold. I think if anything bitcoins are closest to wiretransfers of a sort.

By this point about 19,000,000 Bitcoins will exist and based on westernunion's current valuation compared to bitcoin at that point would make each bitcoin worth about $495 each. This would be a growth rate of about $30 per year not considering inflation of USD.

Western Union also seems to be near a low like all stocks over the last few months. Another thing to consider is a stock valuation has all of its inefficiencies baked in so what might they be worth if they had no employees rent or any other costs.

How will they deal with the inability to counterfeit it. I think this will be a real barrier to entry in to the Chinese market.

Yea but until you execute a trade it a unrealized gain/loss. So its not real....ized

The point being is in the short term inflation is out of hand cause if you or the market don't have the 73k per Penney to hold the price where you want it, your at the whim of the market. But even this is a lie as well as not everyone is in agreement with the current buyers/sellers or price. To further complicate this they may not show their hand and give you a hair cut until you push it far enough oooooo like lets say $35. If you buy coins at that price and did not do the simple math that satoshi put right in-front of your face. Now consider this that only what it takes to hold the price in the face of 1/3 of the coins being issued. Had the coin supply been cut off the inflation would not have choked out the parabolic move and it would have collapsed much further maybe to zero in a panic. So as a currency it is better to have a smaller run and a smaller collapse. Bulls can take a 50% short term loss if the prospects are still good. But if it droped by 95%, you would get people to cut run and never come back. And by looking at the weighted price most people paid around $10. In the short run the bears are right as we have to wait for economic activity to cause the shortage and spike the price. In the long run the bulls win out. The issue then is to figure out the growth rate so you can reasonable predict when this might happen, all i know is it wont be a linear run so in the next 24 months I bet some one will be-able to fit a log scale that can predict within +-10%.

Just cause one person sells one coin for $35 and then a day later it is worth $5 means nothing cause only two people are involved in that market. And relative to that bitcoin may as well be two people relative to any other bubble you have seen. Millions of people were involved in the housing bubble. BitCoin is not even known or held by more than thousand people. The price on the exchange is almost meaningless at this point. Its kinda like doing math on google stock while they were booting the first server in the doorm at Stanford.

So looking at mtgox I can move the price up a penny by buying $800 of coins right now. Makes you wonder why no one is doing this. $800 = $70K. Its like a printing press with this new math.

Well using this math every time BTCUSD moves $0.01 its costing someone $73K.

These guys dont take bit coin.

I asked they said..... we dont take bit coin.

I want to buy 2 of these.

http://www.absolutelyecigs.com/egot-1100mah-starter-type-p-140.html

Anyone know where I can buy these with bitcoin or any one else want to rally together and see if we can get enough people together to change their mind.

I was thinking about hooking it to a web site and letting people set their spreads. Etc and let it manage a few BTC for them, With MTgox new API you can delegate what you will let some one do on your account. This type of bot if it controls enough capital can help to stabilize the price. As it is always in direct opposition to the price movement.

Na just check the price every 10 seconds. miliseconds dont matter in scalping. Plus if you hit got that often you will get you account canned.

I'm using a bot written in access less than 300 lines, it reactive, not predictive. Basicly is a scalping bot using a Cash to BTC ratio. It keeps lets say 50% in each, this is another variable. If it drops 5% it will buy %2.5 relative to the total value managed. If it increase 5% it will sell 2.5%. I have been playing with the ratios and how much I let it control. If the bot goes out of threshold based on last price is triggers an order. There is a little more secret sauce I'm working on but that's the basic premise. Larger the magnitude of movement the larger the Buy Or Sell. The idea is no matter what happens the bot lives to make another trade.

You have to take a meaning full amount of money and be willing to lose it. But the objective at first is not to make money. Your main aim should be to educate yourself in trading. I lost quite a few bucks on my first trades not only in the stock market but in Bitcoins as well. But that forced me to pay more attention to what I was doing. I knew the night the mybitcoin news came out I should have sold all of my coins and was lazy, I think i read the news 3 minutes after it was posted.

One thing I can tell you I have been doing is not going all in or all out, stop thinking black and white, there are lost of shades of gray. I always keep some cash on hand to buy if the price get cheaper. And if it goes up ill sell a few. This way you dont really care as much what way the price goes.

Either way bitcoins are a blast all these crazy mother fuckers just coming out of the wood work to scam, argue, profit and invent. What I have not made in cold hard cash I have gotten in entertainment value. There nothing that polarizes people so much, you would think we are debating Pro-Choice/Life, I mean where else can you find one guy who thinks its worthless and the guy next to him thinks its worth 10K each.

I was not clear if gox could really be trusted so as soon as I purchased my coins,so I sent em to myself.