I just wanted to express how excited I am to be aware of and involved in BTC - big things are starting to happen, and I find the whole movement really fascinating, and I just wanted to state that I am glad to be a small, basically non-contributing part of this movement (whether it crashes into the ground or proliferates into mainstream culture).

Anybody else excited? 

Thread does not deliver

Thank you all for making me aware of Mister Money Moustache.  I'm really enjoying his blog.

Chill

the

fuck

out

Go BTC Go.

The BTC community has proven to be stronger than most of us expected, after last week...

I think you're right - between people waiting to get verified, and the simple fact that bank wires should be clearing Mon Tues Wed.  Should see a temporary yet significant price increase.

And yes, I also hope so

It's the weekend slump.  Once people's fiat starts appearing in their Gox accounts, I really expect a short term rise this week to at least 140.

It is already starting to rise again.  The nosedive happened so fast, and for reasons that are superficial to what BITCOIN itself actually is.  More exchanges will open, more alternatives to Mt Gox will arise, and this "pop" will look like just another of Bitcoin's many volatilities.

I am very glad I held and didn't panic sell.  Yes, selling at $250 and then rebuying at $70 would have been better - but it would have been lucky, and I'd rather hang in there for a longer term and sell a portion when I know I've made a decent profit, and keep a portion for long long term.

I could see it getting back up to $250 relatively soon, but hopefully with a much steadier and slower growth pattern.  Probably not likely though - speculators aren't going to disappear because of one crash, especially when the commodity is still growing in the public's eye and still holds an increasing degree of fundamental usefulness for the rest of us non-speculators.  I'm personally somewhere in between - I believe in BTC, but I also have some more immediate monetary goals which I know this BTC volatility will benefit.

Its not Mt. Gox's fault that it takes that long - international wire transfers to basically anybody take that long.

I also used a wire-transfer, and it took 3 days, and that was back at $40 BTC price.

For OP's convenience, I have tallied some thread highlights:


And I will add my own 2 cents:  it is now up to $236.

The reason I do this, is because the OP was such a self-important dick about his cash-out.  Cashing out is great - I intend to cash out on a portion of my BTC eventually, or maybe even pretty soon (I need to buy a car and and could pay entirely in cash if I cashed out 100% today).  But I won't cash out 100% - 50% would be ideal, as I do believe in the fundamentals BTC long-term, but I have to balance the fact that I'm moving to LA from NYC and so need to buy an automobile.  So I'm gonna' ride it for a little while longer, and I'm not going to couple my cash-out with a snarky post about how everyone still holding is a bunch of suckers.

Mt. Gox is the largest BTC exchange, and activity has skyrocketed in the past few weeks - why is it surprising that they might be having delays?

I still use Mt. Gox and have no problems - although if someone can elucidate why I shouldn't trust them, I am interested to hear.

PS - and if someone can explain to me why I shouldn't use Mt. Gox, please use paragraphs...

Even if some of Henry's logic is pretty unsound, such as his qualifications of what makes a "good bet", I still agree with the underlying facts that 1. Bitcoin is nowhere near critical mass in terms of media exposure and 2. Bitcoin is based on extremely useful, solid principals, that make it globally appealing - principals that things like tulips do not have.  So even if it is a huge bubble, and I'm partially agreeing that it is, the bubble popping will be succeeded by more growth, perhaps even beyond the heights of aforementioned bubble.

Hello there

My name is queequeg

I'm new here and I like good music, and I believe in BTC