discuss The bitcoin thread

[JudgeMind]

Updated: The Bitcoin crash is over...Here comes 2014!!


The rise and fall of the bitcoin.... The price of bitcoin is plummeting as i write this.

 

[Theo Goodman]

Ava fx to make available the LTC-Litecoin on their forex trading platform starting in January.

Hi,
Just to be clear, as I pointed out earlier. Ava, Plus 500 and others are offering derivatives based on bitcoin as well as litecoin. You are not trading coins, but rather "contracts of difference" aka CFDs. Perhaps one of them offers an option , I am not 100% sure at this point. ALSO ava DOESNT TRADE ON THE WEEKEND! The bitcoin market is 247 but AVA is not, so it could be really good, or really bad for you, use caution! These derivatives could suit you if you dont wish to really own bitcoin ,if you want to short bitcoin ,or if you want to hedge your holdings in bitcoin. If you think that you could lose money trading bitcoin , imagine trading derivatives based on it! IMO the big disadvangate is that you could make a total loss a lot faster, and have nothing to show for it, if you own some bitcoin and bitcoin goes to 1 cent, you still have 1 bitcoin with a cfd I have nothing

 

[JudgeMind]

Hi,
Just to be clear, as I pointed out earlier. Ava, Plus 500 and others are offering derivatives based on bitcoin as well as litecoin. You are not trading coins, but rather "contracts of difference" aka CFDs. Perhaps one of them offers an option , I am not 100% sure at this point. ALSO ava DOESNT TRADE ON THE WEEKEND! The bitcoin market is 247 but AVA is not, so it could be really good, or really bad for you, use caution! These derivatives could suit you if you dont wish to really own bitcoin ,if you want to short bitcoin ,or if you want to hedge your holdings in bitcoin. If you think that you could lose money trading bitcoin , imagine trading derivatives based on it! IMO the big disadvangate is that you could make a total loss a lot faster, and have nothing to show for it, if you own some bitcoin and bitcoin goes to 1 cent, you still have 1 bitcoin with a cfd I have nothing

thanks for clarifying this. Yes ava does not trade on the weekends. However for day trading that is okay, imo. Also, the BTC market seems to suffer greatly on the weekends, so likely a good thing that you can't buy and sell on the weekend and get mixed up in that...

---------- Post added at 02:03 PM ---------- Previous post was at 01:37 PM ----------

BTC CEO "WERE NOT GIVING UP YET"

http://inagist.com/all/413725939298607104/

 

[Theo Goodman]

nmc will be added to gox soon, and the prices will skyrocket to probably 15 or 20$, here is the proof

This has been in their data feed for around 9 months...... "LTC on GOX" :tri:

 

[JudgeMind]

the up and down trends are getting easier to read, bitcoin price now influenced by traders. Until something big happens the price will be pumped up and back down by traders in the market. Bitcoin needs to be available again for the chinese market and needs to be adopted by more major retailers online.

 

[TonyTsolakis]

DOGE is the best do not contest ! lol

 

[Name Trader]

Bought in close to here, also bought namecoin (NMC) and PPC

Congrats in order for that purchase. Seems like you are the only one "on the ball".... at least for the moment

 

[TC27]

Hoping to buy myself some Bitcoins as an investment. I predict big things for 2014 a lot of merchants are going to start taking them on. To bad the Bitcoin market is so volatile.

 

[JudgeMind]

Hoping to buy myself some Bitcoins as an investment. I predict big things for 2014 a lot of merchants are going to start taking them on. To bad the Bitcoin market is so volatile.

The Bitcoin market is volatile at the moment, i refer to this as "Growing Pains". Likely some new rules will form within the Bitcoin community and the volatility will dissapear. I also see great things ofr Bitcoin in 2014. Thanks for your post.

 

[JudgeMind]

showing some resistance at $724, should break through soon and then get more resistance near $775. imho

 

[JB Lions]

Bitcoin exchanges shut down after threat from India's central bank

http://www.engadget.com/2013/12/27/indian-bitcoin-exchanges-shut-down/

 

[Theo Goodman]

Bitcoin exchanges shut down after threat from India's central bank

Yea pretty hardcore. India is also doing everything it can to stop people from buying Gold and Silver. Banks are no longer allowed to accept Gold and Silver as coladeral for loans. With Gold and Silver the regulations are not working well and Gold and Silver is being smuggled in at record ammounts. We will see what happens with Bitcoin.



Here is a good little article from CNBC
"Do you really know bitcoin? Here are 11 myths"

Including:Bitcoin enables drugs and terrorism,It's a Ponzi scheme, and Bitcoin has never been more volatile than now

http://www.cnbc.com/id/101298888#_gus

 

[rmaden]

I read and interesting article showing the(2008) start of bitcoin til this Nov.I will have to post it here.

one of the first bitcoins purchases(so it says) was and i'm not making this up--a person from Fla ordered 2 TWO pizzas and payed in bitcoins--shop would not take them--so some how he got the coins to a CC and paid for the Pizzas TWO--The price 10,000 bitcoins!!!Gives the name of laszlo -a programmer from Florida May 2010 .At the top that was $6 mill per pizza.:o

2010 bitcoins first trade public 1,000 at 0.003 each

Does NamePros allow links? If so i will post the link..""BitCoin and this is one of the best info graphics I have seen on the topic.""2010%%-

 

[JudgeMind]

Bitcoin/Litecoin 2014

Where do you think Bitcoin and Litecoin will stand in 2014? What are your forecasts and speculation for the growing crypto currencies....

 

[weblord]

for me bitcoin has great potentials and look at the web site that already invested in machines ready to mine these crypt o currencies, and look also at the rate of exchange.

btw, anyone interested in exchanging their bitcoin for np$?

 

[JudgeMind]

The value of bitcoin climbed passed the $900 hurtle today with low resistance, We may see another breakout tomorrow and prices creeping closer to $1000

 

[JudgeMind]

Bitcoin staying strong, with historic weekend lows the crypto currency showed little resistance at the $900 level and flew to a daily high of $944. Likely we will now see some resistance at the $950 range and there should be support near the $915 range...Happy trading

 

[JudgeMind]

Bitcoin very strong, prices right online with my calls from yesterday, we found minor resistance yesterday at $950 and then strong support on January 5th, Price of Bitcoin has gone back over $1000.

 

[Theo Goodman]

hit 1000$ again today, wonder how long it will stay.
BTW I would be really cautious of putting your coins anywhere near a wallet that pays 6% a month

 

[kailahopkins]

Yes, Bitcoin fluctuates just like gold but the good thing is, it's transferability make it the virtual coin in e-commerce. I believe this 2014 will be a great year for more crypto currency surprises and innovation.

 

[JudgeMind]

Colorado Marijuana Dispensary Uses Bitcoin to Evade Federal Laws

At least one marijuana dispensary in Colorado has reportedly begun accepting bitcoin.Colorado’s decision to legalize cannabis has been filling headlines for weeks, and the hype is still going strong.Investors have been piling up in the marijuana market, ranging from reputable medicinal marijuana companies to highly speculative penny stocks.The general public seems to be very interested indeed