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The Bitcoin (BTC) thread
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pants Offline
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Post: #426
RE: Bitcoins up 60% in less than a month
Wait, its more like 400-500%...
11-27-2013 02:04 AM
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chyamor Offline
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Post: #427
RE: Bitcoins up 60% in less than a month
all the makings off going over $1,000 for bitcoin black friday

too much of a coincidence
11-27-2013 09:40 AM
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Tex Pro Offline
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Post: #428
RE: Bitcoins up 60% in less than a month
Mt.Gox is already over $1,000 for BTC.
(This post was last modified: 11-27-2013 10:06 AM by Tex Pro.)
11-27-2013 09:57 AM
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Pyre Offline
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Post: #429
RE: Bitcoins up 60% in less than a month
I'm thinking of selling to take profits and rebuy when it slumps back down to 800 or so.
11-27-2013 10:15 AM
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el mechanico Offline
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Post: #430
RE: Bitcoins up 60% in less than a month
At the rate china is converting money I say hold. When they convert they buy at whatever the price is at that point and it doesn't happen fast enough. Some people are telling me it takes a few days to buy in? If so it won't go down until you see a taper in currency conversion on that fiatleak site. I watch it for fun and Canada and UK buy like one coin to chinas 2000
11-27-2013 10:22 AM
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GameTheory Offline
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Post: #431
RE: Bitcoins up 60% in less than a month
^^^ buy the dips ???
11-27-2013 03:13 PM
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LucienM Offline
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Post: #432
RE: Bitcoins up 60% in less than a month
Quote:Long story short, if you stay out, you'll regret it.

If only I'd listened to my own advice >.<

I have a feeling we'll be feeling the same way this time next year, too. Buy 'em, put 'em somewhere safe..

..and forget about them!

I know boy what's I talking about 'cause I made the world and when I made it... I had Lucien Midnight for my name and concocted up a world so nothing you had forever thereafter make believe it's real...
11-27-2013 03:38 PM
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Fathom Offline
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Post: #433
RE: Bitcoins up 60% in less than a month
How do you buy litecoin on btc-e? It seems to be asking me not only to create a password for the site, but the password to the email account I'm using to register. Zat right?

Also, am I misunderstanding, or must you buy litecoin with bitcoin? If I could afford bitcoin I wouldn't need litecoin. Is there any way to just plunk down a couple hundred bucks on litecoin alone?

I keep bumping into this: http://bitcoinwithpaypal.com/buy-litecoi...instantly/ Anyone use this method?

AB ANTIQUO, AB AETERNO
(This post was last modified: 11-27-2013 08:31 PM by Fathom.)
11-27-2013 08:22 PM
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Emancipator Offline
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Post: #434
RE: Bitcoins up 60% in less than a month
You don't have to buy whole bitcoins.

Also if Paypal sees your account linked with any cryptocurrencies your account is going to be frozen.

I recommend North Americans to purchase BTC, LTC, PPC on Vault of Satoshi.

Mother Nature is a bitch & Father Time has an undefeated record
"If you watch cinderella backwards, its about a woman who learns her place." --Kbell

demographics is destiny
(This post was last modified: 11-27-2013 11:18 PM by Emancipator.)
11-27-2013 11:17 PM
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Bricks Offline
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Post: #435
RE: Bitcoins up 60% in less than a month
(11-27-2013 08:22 PM)Fathom Wrote:  How do you buy litecoin on btc-e? It seems to be asking me not only to create a password for the site, but the password to the email account I'm using to register. Zat right?

Also, am I misunderstanding, or must you buy litecoin with bitcoin? If I could afford bitcoin I wouldn't need litecoin. Is there any way to just plunk down a couple hundred bucks on litecoin alone?

I keep bumping into this: http://bitcoinwithpaypal.com/buy-litecoi...instantly/ Anyone use this method?

Open an account on BTCE. Transfer how ever many bitcoins or decimals of bitcoin you want to trade for litecoin to you wallet on BTCE.

Sell your BTC for LTC.

Enjoy the troll box whilst your there.
11-27-2013 11:23 PM
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el mechanico Offline
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Post: #436
RE: Bitcoins up 60% in less than a month
Btc then buy LTC with usd on btce

Can anyone calculate how much Ali and hotwheels has lost? I'm busy at the beau rivage now and don't have a calculator handy
11-28-2013 01:17 AM
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el mechanico Offline
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Post: #437
RE: Bitcoins up 60% in less than a month
Sell btc for usd then buy chickun. LTC

Don't buy LTC with btc cause one may hold better. Meaning btc could crash 100 dollars and bring LTC down 50% you never know.
(This post was last modified: 11-28-2013 01:21 AM by el mechanico.)
11-28-2013 01:18 AM
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pants Offline
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Post: #438
RE: Bitcoins up 60% in less than a month
Fuck me i just bought some litecoin, thought I never would have seen the day.

I guess 10% growth in 24 hours isn't good enough anymore.
11-28-2013 03:29 AM
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Menace Offline
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Post: #439
RE: Bitcoins up 60% in less than a month
Buying these things with cash is a pain. Just going through coinbase/BTC/LTC bc coinbase allows direct linking to your USD account.
11-28-2013 09:56 AM
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Maciano Offline
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Post: #440
RE: Bitcoins up 60% in less than a month
OK, guys, good news.

Max Keiser, at the same time loadmouth loon, yet sometimes sensible finance expert of Russia Today will do a show on crypto-currencies for ITV. I don't know what that is, but I'm sure it'll go viral as all his stuff does -- especially crypto-related. He was one of the first better-known goldbugs to start recommending bitcoin & also helped launch litecoin's rise by making it wider known on his show. Since he told it would rise to $50, it did. He's now doing the same with namecoin, I believe.

Again, I don't believe in any of the crypto's besides bitcoin, but speculating with them is a good, very good idea, now that all sorts of newbies think they missed out on bitcoin's rise & look for (inferior) alternatives.

Check out this site: http://coinmarketcap.com/

Skip bitcoin, litecoin & namecoin, because they've all already gone parabolic & although they will make some guaranteed money, the sweet spot is over. Sorry, you're too late, for this rally, at least. (If litecoin goes from 50 to 150, that's 100 won, true. But let's say you spend 1000$, that's 20 LTC. With that money, it's much better to buy at 2/3$ and see it rise to 8-12$)

So, the real money is, ofcourse, in the crypto's that
1) haven't gone hyperbolic -- yet.
2) have a decent market cap/exchange rate -- that can easily double/triple if demand increases.

I bought a few of these smaller altcoins.

I'm not recommending anything & I'm not telling which of the altcoins I chose, b/c I want you guys to think for yourselves. If you choose wisely, you will piggyback on bitcoin's rise & the influx of newbies. If Max Keiser does his report lots of these new bitcoin enthusiasts will go the way of the smaller crypto's & they'll probably go parabolic too.

Now don't pin me down on anything, think for yourself, but I've put my $$ where my mouth is.

Good luck, happy trading

Cheers
M
(This post was last modified: 11-28-2013 10:53 AM by Maciano.)
11-28-2013 10:44 AM
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Maciano Offline
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Post: #441
RE: Bitcoins up 60% in less than a month
(11-28-2013 09:56 AM)Menace Wrote:  Buying these things with cash is a pain. Just going through coinbase/BTC/LTC bc coinbase allows direct linking to your USD account.

Just use btc-e.com.

Buy some btc through localbitcoins.com, meet up w/ someone in a public place. Like McDonald's, Starbucks, heck, meet up at a police station.
11-28-2013 10:48 AM
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pants Offline
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Post: #442
RE: Bitcoins up 60% in less than a month
This has been my plan the last few days, wish I acted little faster on the subject, but the marked have just moved so quickly.

I am now the proud owner of 980 coins of some alt coin.

I think the smart way to invest in these alternative coins are to look more on the persons behind them than actually look at the technical properties of the code. Because all these alt-coins are basically classic P&D, its more important to look at people who have the possibilities to get lots of media attention(Max Keiser personalities).

Just my 0.2B
11-28-2013 01:10 PM
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JayJuanGee Offline
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Post: #443
RE: Bitcoins up 60% in less than a month
(11-28-2013 10:44 AM)Maciano Wrote:  I bought a few of these smaller altcoins.

I'm not recommending anything & I'm not telling which of the altcoins I chose, b/c I want you guys to think for yourselves. If you choose wisely, you will piggyback on bitcoin's rise & the influx of newbies. If Max Keiser does his report lots of these new bitcoin enthusiasts will go the way of the smaller crypto's & they'll probably go parabolic too.

Now don't pin me down on anything, think for yourself, but I've put my $$ where my mouth is.

Surely, a guy may NOT want to share all of his investment strategies, especially his future plan in which he has NOT yet pulled the trigger.

Nonetheless, I would have thought that once a guy is "in," then there are advantages in sharing the information about where the guy is invested. If you are NOT yet "in" then that may be another story.

ALSO, a guy may NOT want to share information about bargains, if he has NOT yet bought or if he is still in the process of buying.


(11-28-2013 01:10 PM)pants Wrote:  This has been my plan the last few days, wish I acted little faster on the subject, but the marked have just moved so quickly.

I am now the proud owner of 980 coins of some alt coin.

I think the smart way to invest in these alternative coins are to look more on the persons behind them than actually look at the technical properties of the code. Because all these alt-coins are basically classic P&D, its more important to look at people who have the possibilities to get lots of media attention(Max Keiser personalities).

Just my 0.2B

I have been reading through RVF bitcoin threads and also various linked reference materials.

It's going to take a while to investigate various factors affecting price and whether any alt coins may have long term potentials. At this point, it appears that a large number of these alt coins are going up on the tails of Bitcoin.

Pants: BTW: Are you buying your alt coins through BTC-E?


Edit: I was trying to set up an account through BTC-E, and from my initial reading, I thought that I would be able to deposit into the BTC-E account with a credit card. But that option is NOT available when I went to deposit money into the account that I just created.

How are you guys funding your BTC-E account?

The options are:

Interkassa.com
Perfect Money
OKPAY
EgoPay
InternationalWireTransfer
Ecoin
Epese

I imagine that there are different fees with each of these services.
(This post was last modified: 11-28-2013 01:59 PM by JayJuanGee.)
11-28-2013 01:34 PM
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pants Offline
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Post: #444
RE: Bitcoins up 60% in less than a month
Yeah, I am. I did not do a massive amount of research.

But the fact that the alt coin feather coin actually had a YouToube clip for newcomers and a active forum, and a low stake to get in I gave them a show of 2.5% of my BTC, so its not a huge risk, but nice to diversify my coins a little. Also the graph from coinmarketcap gave me the impression of that the coin just been through a rest period with a substansial bottom without crashing completely.

Many of my friends seems to have a problem with the 1000USD+ price of BTC. They really need to start market it as milliBTC soon if the growth can keep up.

Would you want 100mBTC for 100USD, or 0.1BTC for 100USD ?
11-28-2013 01:57 PM
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JayJuanGee Offline
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Post: #445
RE: Bitcoins up 60% in less than a month
(11-28-2013 01:57 PM)pants Wrote:  Yeah, I am. I did not do a massive amount of research.

But the fact that the alt coin feather coin actually had a YouToube clip for newcomers and a active forum, and a low stake to get in I gave them a show of 2.5% of my BTC, so its not a huge risk, but nice to diversify my coins a little. Also the graph from coinmarketcap gave me the impression of that the coin just been through a rest period with a substansial bottom without crashing completely.


See that I had edited my previous post, above, asking how guys are funding their BTC-E account.

I agree that some of these kinds of investments into cryptocurrencies are on faith. Personally, I tend to NOT be much of a short-term speculator, and generally I tend to go with dollar cost averaging with my investments, when it seems feasible.

In that regard, if we can predict the generally the trend is upward, then a guy could and should (if following dollar cost averaging) invest periodically, and since there are NO fees (based on a flat percentage), then a guy could even break down his periodic investment daily or even hourly for that matter (a shorter period of time when the market is more volatile)

Nonetheless, it seems to me that the exorbitant upward-trend cannot keep going unless we get some more governments jumping on board with this currency. But the rate and extent of this upward trend does seem to show that it becoming more and more accepted mainstream (that is until it bursts, all of a sudden from some kind of corruption or calamity).

BTW - on the BTC-E website, I see that a guy can trade Bitcoins for the top approximately 7 alt coins (that are listed on the coinmarketcap.com website). Probably, if this cryptocurrency trend continues, the number of alt coins that can be traded for Bitcoins will increase.

There are a shitload of these alt currencies, and if the money keeps flowing, we are going to have to expect that they are going to continue to proliferate.



(11-28-2013 01:57 PM)pants Wrote:  Many of my friends seems to have a problem with the 1000USD+ price of BTC. They really need to start market it as milliBTC soon if the growth can keep up.

Would you want 100mBTC for 100USD, or 0.1BTC for 100USD ?

That is a good point that conceptually, some guys may have difficulties, and likely those conceptual difficulties are coming from a lack of experience in dealing with this kind of currency abstraction. Likely, with a little practice, it will become easier to begin to think in fractions. This is going to especially be true if Bitcoin becomes a currency that is widely circulated b/c in those circumstances it seems that the value of an actual Bitcoin would likely go way up relative to the dollar (absent a widespread adoption of multiple crypto currencies), and we would be making fragment purchases with much smaller increments, for our daily transactions of a starbucks coffee, for example, and that is my .000000002 BTC worth of thought.
(This post was last modified: 11-28-2013 02:32 PM by JayJuanGee.)
11-28-2013 02:31 PM
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JayJuanGee Offline
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Post: #446
RE: Bitcoins up 60% in less than a month
(11-28-2013 01:34 PM)JayJuanGee Wrote:  Edit: I was trying to set up an account through BTC-E, and from my initial reading, I thought that I would be able to deposit into the BTC-E account with a credit card. But that option is NOT available when I went to deposit money into the account that I just created.

How are you guys funding your BTC-E account?

The options are:

Interkassa.com
Perfect Money
OKPAY
EgoPay
InternationalWireTransfer
Ecoin
Epese

I imagine that there are different fees with each of these services.



The BTC-e FAQ section does NOT match up with the actual options (listed above) that they provide to a guy, after creating the account. Maybe they are NO LONGER accepting Visa and/or Mastercard?

This is what the BTC-e Website FAQ says:

BTC-e FAQ Wrote:Do you accept any alternate forms of payment such as Debit/Credit Cards?

At this time, BTC-e is currently not accepting any of these payment methods. All transactions carried out on our website are irreversible; therefore use of payment methods that are reversible would be a detrimental venture for us. The presently supported payment methods are : US Bank Wire, EU Bank Wire (SEPA), Visa, Mastercard, Liqpay.com, unikarta.com, PerfectMoney.com, WebCreds.com, Ukash.com, Webmoney.ru.
(This post was last modified: 11-28-2013 02:48 PM by JayJuanGee.)
11-28-2013 02:41 PM
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Bricks Offline
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Post: #447
RE: Bitcoins up 60% in less than a month
BTC-E is a nightmare to get your money into. That is the reason for the price differential in my opinion.

Some really good arbitrage opportunity's there if you can get cash in.

I still see LTC as being a viable buy:

"Finally, the implementation of this new infrastructure is a prerequisite before we can initiate Midas. There is still a lot of work to be done before we can launch Midas but rest assured this is a priority project for us. Once Midas is up and running we will be able to offer the trading of other digital currencies.

The Mt.Gox Team"

https://www.mtgox.com/press_release_20131011.html

Press release October 11th on Mt GOX. When this happens and they add LTC to the book, the price is guaranteed to rise. Could be at least another month.
11-28-2013 04:18 PM
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Pyre Offline
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Post: #448
RE: Bitcoins up 60% in less than a month
fuck I lost the password to my blockchain wallet
11-28-2013 04:44 PM
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Stun Offline
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Post: #449
RE: Bitcoins up 60% in less than a month
I'd rather have $7 billion US than every bitcoin in existence.

https://www.youtube.com/watch?v=WdhFJ5uArUc
11-28-2013 05:44 PM
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pants Offline
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Post: #450
RE: Bitcoins up 60% in less than a month
If one person ends up with all the coins, they basically are worthless. Why would anyone trade a hard asset for something that could easily copied?

Cryptocurrencies only exist in a network.
11-28-2013 06:33 PM
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