Omegas
[H]F Junkie
- Joined
- Jan 19, 2007
- Messages
- 11,263
Make that $500
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Make that $500
That's not so bad. But sell those litecoins for BTC before they drop even more.I'm still kicking myself because I remember I could mine 2000 Litecoins a month with my puny 6950 crossfire setup, I could easily be sitting on over $50k had I kept mining and made the right moves. Instead I only made ~1000
Yes, but there are other ways. Example is https://coinbase.com/
I use them to transfer USD <-> BTC
The verification tiers can be a bit of a pain at the start, but after jumping through them you can instant buy / sell.
Just further proof of the social experiment called "the exchange" whether it's some make believe currency or some make believe idea that a company that makes no profit is profitable, people are going to buy when they see the price rising, and then when they start cashing out, people are going to panic and cash out while they still can and watch the house of cards further tumble.
Last night, I made an order for BTC 0.1 on Coinbase at $457.55/BTC. After making the order, they said it would be processed on Friday. Will my order not come through if the value of BTC remains over $457.55 by Friday? They haven't taken the funds out of my bank yet.
Exactly.Times change, and one of the simple facts is we as a nation don't produce nearly as much as we used to (physical solid goods), combined with the governments ability to print money and NOT pay their bills, well you see where this is going.
Last night, I made an order for BTC 0.1 on Coinbase at $457.55/BTC. After making the order, they said it would be processed on Friday. Will my order not come through if the value of BTC remains over $457.55 by Friday? They haven't taken the funds out of my bank yet.
I agree with you that bitcoin (with a market cap of about 5 billion) is speculative... it will go to zero or it could go to 10000 plus... we will watch and see what 2014 brings
But do some math with me.... Gold topped out at 850 an ounce in 1980 when the debt was about 980 billion. The debt is now about 18 times that (not including the unfunded liabilities of social security and medicaid (not to mention obamacare).... and Gold is currently only about 1300 / oz.... overpriced??? Gold is not an investment it is a hedge against government stupidity.
$575 right now...
it's not new.... but a while back I also heard they stopped doing withdraws.
I've gotten money out of MtGox before (this was probably 6+ months ago) but I think things have changed. They have gone through a few scandles/fines recently.
Personally I don't have much confidence in Gox anymore. If I need to cash out I do it via coinbase.
litecoin Coinotron pool -> BTC-E -> Bitcoins -> Coinbase -> cash deposited into my bank.
Ah yes bitcoins. Nothing says solid investment vehicle like a "currency" with more volatility than a commodity and no underlying asset. Sign me up.
jeez... it's a wild morning.
BTC up to $620 on gox, $540 on btc-e
LTC spiked overnight from $4.20 to $7.75 and is now at $6.70.
What a nice wild ride. It's an exciting time for us miners.
Coinbase has shut down buying. You can order today, but your order won't be filled until 11/22 at market price on that day.
I don't see how this is gonna escape the Governmental Ban-Hammer much longer.
I don't see how this is gonna escape the Governmental Ban-Hammer much longer.
The congressional hearing just started at 3AM EST. It would be good to watch live with finger on the sell trigger.
the first speaker at the hearing is positive so far, just expressing concern for illicit use and money laundering.
Jennifer Shasky Calvery
Director, Financial Crimes Enforcement Network
U.S. Department of the Treasury
I'm so sad that I sold out yet again at the wrong time. Wish I had never gotten rid of all those coins I bought at $5...