This is a recipe for disaster. The only thing that lessens it is that few people donate through static addresses posted somewhere. If you could prove that you displayed the requested address to each and every user, then you have something. Otherwise it's scam city.

Some public proof is warranted here. Why make claims if you can't back them up?

Tell us more about the platform. It sounds like another ecommerce site. Where's the special blockchain sauce? Is it decentralized? Does your plan include airdrops or perhaps an ICO?

Isn't it better for merchants to hodl and pay forward rather than make it so easy for our BTC to be liquidated? They can always go to a market like bisq if they feel over-exposed.

Now, now. GBTC seems to have settled at around $29. If there's any reason to believe GBTC should trade at a premium, then this might reflect that. Of course, I'm still waiting for a rise in Bitcoin proper with a corresponding rise in GBTC with significant volume to confirm. It's really too early to draw conclusions. But, yes it was a bit hyped.

Price of GBTC continues to slide toward Bitcoin proper on low volume. I couldn't buy with my Roth through sharebuilder. Anyone have any luck purchasing in any sort of tax advantaged account?

It's all about how to deploy capital. Venture Capital deploys capital to build companies because it's what they know best makes them money. When it comes time for their holdings to be appraised and sold, that's when they may find a relatively small investment in the underlying asset, which Bitcoin companies values are largely based on, is the best way to make them more money. Is Coinbase worth more when Bitcoin is a $50B market cap or $500B market cap? How many $$ actually have to flow into Bitcoin to affect that change in market cap?

Thanks for liking the title. I've been thinking about it for a week.

Whenever people are promising some kind of guaranteed return or the investment just doesn't make sense, hold off.

For example lots of ponzis guaranteed a certain percentage of return per week which is simply unsustainable knowing any kind of exponential math. Then you have to think from the perspective of the other party. If they could make money without you (cloud mining and mining contracts), why do they want you involved?

If those any of that doesn't pass the smell test, move along.

BTW, I'm editing this. It's a bit wordy at the end.

Probably not great. I could work out though if you promise to love this thread.

All those VC investments you see? All that money pouring into bitcoin or Bitcoin or the blockchain? All those captains of industry vying to maintain their dominance?

That money.

It's going to react when shit gets hot. It's going to warm as opportunities arise. It's going to motherfucking explode when the time comes for profits to be taken.

It is clear to me now. Venture Capitalists are going to pump the living shit out of Bitcoin when the time comes for their exit.

-That is all. Please grab a snack at the back. You had a question? A comment?

This thread is making me bullish. OP asks for upper and lower prices that would signal further movement in either direction and 95% of the posts are about the lower price. I don't think we're going much lower but I would call $150 an important level on the low end. On the higher end, I think we get to $400 or $500 before the public notices again. Hysteria starts 10-20% above the previous ATH.

Though liquidity is low, we haven't had any sort of interesting price move in BTC since it launched. A small rise, yes, but we'll probably only gain new information about how well connected GBTC is to BTC with something like a 5-10% price move.

If COIN can achieve top brand status, they could very well make a killing. I'm not sure if it'll be socially on par with building a Facebook but it could end up more profitable in the long-term. The tax thing is likely a huge motivator. If you're paying capital gains of 15% or more if short term or in a greedy state, the price doesn't have to rise that much (in Bitcoin historical terms) for it to end up profitable versus buying BTC.

The trading experience is unique or maybe it isn't but others can confirm if they're seeing the same thing. My first trade went for more than I asked for though it was a small quantity limit order. The second was big enough but doesn't seem to have shown up all that clearly in the volume. Though I figured out who my orders would show up as, it seems they are only provided in aggregate with whoever is trying to trade through them and if I'm not the best bid or ask, my order is hidden.

From the other thread, this seems pretty cool and durable, if a bit pricey. $150+$8 per foot of tape. Not sure what the works out to per bip38 encrypted private key.

Just to add to this, buying bitcoin is somewhat similar to the case of loaning someone money. By holding, you support the price and allow others who see an even greater opportunity for profit than bitcoin cash out a little bit. Holding also adds to the potential liquidity enabling larger transactions to work their way through the system without changing prices as much.

Pure gold. Any bets on when Bitcoin makes it into the DSM-IV?

That may be the point of many responses here, but it is not the point of the OP. If you want to scream, "Create more sending transactions!" from the mountain top, then by all means create a new thread and see where it goes.

That ill feeling comes from not owning as many BTC as you'd like. I don't see how God would send those of us who are supporting internet freedom money by holding, to hell.

OP is 100% correct. Bitcoin works as a payment network, sure, but it's really not the best payment network from a practical point of view. What Bitcoin is best at is being a kind of vault for the storage-of-value that has never been seen before. You can keep your millions in your fucking head!

Bitcoins are secured by math and yet so many of you want to use it like a glorified Visa/MasterCard/Amex.

I used to look at a metric called Cost per transaction which is the daily mining revenue over the number of transactions that day. When the Cyprus bubble hit this metric went way up which only proved to me that the value in Bitcoin isn't in payments. You would expect with further use that that number will go down so it can "compete" with Visa, etc. Instead that movement showed that this beautiful thing is a store-of-value first, and a payment network second.

Hold.