I'm one of the "Reddit guys", stoking up some fires over there, and only bought into PETAMINE today. I you guys are right... change the pool and MARKET MARKET MARKET. And maybe even move the next IPO up if at all practically possible.

In sales you have to strike while the iron is hot!

Happy to be here!

Yes I apologize in advance for the imminent crash I just initiated by posting that chart.

ManBearPig, obviously no-one knows if this 1.8% trend will continue, but I just wanted to say I love your charts. They look awesome.

In theory yes. However there have been cases of less than ethical houses front-running against their own clients. Think about it - they know about the price changes before their exchange platform uses it. (because they just get the exchange rate from MtGox like everyone else).

On the flip side if they do run a ethical exchange, why not write your own bot, and set it up on a server in Japan. You'll get the price change information first and can potentially outsmart your competition on their exchange.

Ok, how about an actual wall chart again. This is the most "balanced" I've seen the walls on both sides for a long time. Pretty deep depth, but also pretty evenly spread out.

http://i.imgur.com/Mbkpmaa.png

I think the interim solution is going to be something like the Bitcoin ATM, or physical kiosks and shops selling BTC *for cash*. No dramas about bank accounts or lots of deposits and payments.

Just work in cash. It's how people for example buy prepaid phone credit. The infrastructure already exists - you just need to make a good business case to these shops (typical 7/11 etc).

You think the $1,000,000,000+ market cap is all just miners?

There has never been a paper / fiat currency which didn't eventually fail. The average fiat lifespan is 30-50 years before it hyper-inflates and go bust. (exact average depends which source you believe - google it).

The US Dollar is overdue. And in the long term that will also be worth 0 whatever else (Yuan, Euro, Shells, BTC?)

So what exactly was OP's point here? Yeah - all currencies eventually go to 0. Civilizations come and go. Does it mean we should just abandon the whole concept of money and return to barter?

Wow... just moved up! Quick too.

http://i.imgur.com/ld2GGGS.png

125 wall now too.

http://i.imgur.com/XP1kyo4.png

Still very thin for the asks....

http://i.imgur.com/yjIQ61z.png

Yeah, it doesn't look like "selling selling", more like profit taking at the moment. Yes both are selling, but the intent is different.

Yeah. It's dropping but the asks are getting spread really thin. That said - momentum is everything!

http://i.imgur.com/AvaxTLw.png

3 and 2

Put 99% of your bitcoins in cold storage eg. a non-network connected eeepc or something with Armory installed. And live safe in the knowledge that only 1% of your coins are at risk in your normal hot wallet on your normal use PC - use these for small purchases etc. You can still do large purchases from your cold wallet by spending an extra 2 minutes signing the transaction off-line with a usb stick, and considering it'll take way longer than that for the transaction to confirm in any case it's not a big deal.

With some googling you'll find plenty of tutorials on how to do this.

He talks about being a funding option. So really they'll just be a bitcoin exchange of sorts. The real big deal here is Ebay!

Here's they chain: BTC -> Fund Paypal -> Buy on Ebay

That's where the real benefit for Bitcoin lies - Paypal is merely a transactional vehicle.

Also - it's easy to think that "Oh anyone can open a paypal account". This might be true in America, Europe and Australia, but in relatively well-connected countries like South Africa, India and China you can not easily open a Paypal account - due to funding regulations etc. Suddenly if you can fund via bitcoin, these problems go away and Paypal just doubled their potential user base with almost zero additional administrative effort. No fraudulent or reversible fundings.

Just my 2mBTC

Where do I subscribe to your newsletter? Also do you have a weekly youtube show?

I think you're missing an important point.

Yes, a lot of the bitcoin believers as you call them are hoarding and saving now. But as those bitcoins gain in value people are going to want to start spending them. For instance when BTC hits $1000 or above you can bet people want to start spending and buying luxuries with their new-found wealth. And all that value is already in BTC. Also the spenders would prefer staying in BTC and transacting directly rather than having to convert to USD and then having to answer awkward questions from the IRS etc.

So as a merchant, why would you not try and establish a foothold now in what is surely going to be a very profitable newly wealthy class of consumers?

+1 this. "Day trading" off the volatility is intelligent gambling at best. For every person whose "gut was right" and made money there's someone who got it wrong. And even though the winners will disagree, it was all just mostly luck riding the random walk.

If you believe in bitcoin, then just hold into your coins. And to lock in profits just selling into the strength from time to time.

What crash today??

In any case - what about property? (as in real estate)

edit: just realized you were probably not talking about the bitcoin market crashing!