Bitcoin going ballistic.

[newbitech]

they will try.

 

[anaconda]

3)
USE BITINSTANT ACCOUNT TO CREATE A BUY BTC AT WALMART VIA ZIPZAP MONEY GRAM TO YOUR MTGOX WALLET
PAY 4% and $3.95 in fees

Zip Zap keeps rejecting me. No matter what amount I put in it comes back with "sorry there is a limit of such-and-such" where "such-and-such" is exactly the amount I entered at Bitinstant. Any ideas? Thanks.

 

[muh_roads]

The thought just occurred to me that the Feds might very much like to analyze the Bitcoin market for a significant period of time before shutting it down. Wouldn't you if you were the feds? They might very much be interested in modeling some growth rates in forming future strategies to combat alternate currencies. They might even like to test an array of strategies and therefore start with the least disruptive. Just a thought.

ugh, I wish people would quit saying "shutting it down"...lol Really driving me crazy, heh.

You can not shut down something that operates on millions of PC's everywhere. And you can't intercept what you can't decrypt.

A bitcoin payment is not the size of an HD movie. There are just so many bits per byte. They use the word "bit" for a reason. If an HD movie is a pale of water, then a btc transaction is an atom inside a water droplet. It moves too fast and there are too many bits in an ocean of data that moves for all sorts of reasons every single second of the day.

 

[presence]

Zip Zap keeps rejecting me. No matter what amount I put in it comes back with "sorry there is a limit of such-and-such" where "such-and-such" is exactly the amount I entered at Bitinstant. Any ideas? Thanks.

Start a new account. Begin again. Or use contact services.

 

[FSP-Rebel]

Zip Zap keeps rejecting me. No matter what amount I put in it comes back with "sorry there is a limit of such-and-such" where "such-and-such" is exactly the amount I entered at Bitinstant. Any ideas? Thanks.

The limit is $500 at once and outside of the 3.99 APR that bitsintant gets, zipzap charges $3.95 so your max order can be $496.05. I got a buddy of mine to get in on the BTC today using zipzap and everything went kosher.

 

[jclay2]

This time is Different....This time is different....Yes We Can....Yes we can.

Seriously people. This is going to blow up soon. I don't know when, because I can't project the endpoint of insanity. However, these prices are moving completely insane and the continued bubble only makes people want to join/talk about it more. Good luck. 100-300 percent monthly returns and the price is moving 15% within minutes to hours is nuts. Right now, bitcoin has a market cap of 2 billion.

When 99% of the people are in this for the speculative gains, something is going to give. Good luck trading these rollercoasters, the 70% minimum 1 day drop is coming. Watch out and please only put your starbucks money into this max. You are not going to become a rich millionaire owning a piece of worthless 1's and 0's.

 

[CyberTootie]

...the 70% minimum 1 day drop is coming.

I had one bitcoin lying around that I found the wallet for and sold at $143 thinking the same sort of thing. But it's up the $190+ now. I still think it will happen, the big question is when.

 

[jclay2]

I had one bitcoin lying around that I found the wallet for and sold at $143 thinking the same sort of thing. But it's up the $190+ now. I still think it will happen, the big question is when.

No one knows. But from nearly all the threads and forums referencing bitcoins, it is clear to me that competing currency is not even on the minds of the bitcoin bulls. The absurd belief in continued EXPONENTIAL price increases is the absolute mainstay of almost every person I have read (maybe I have a biased sample).

 

[newbitech]

pretty strong resistance right here at the 190 ish level.

2 strong volume moves of 15% down off the all times highs. It's testing 200 again. Nice bull flag forming up again in the 4 hour tho, and daily volume remains very bullish with volume increase with price moves up and decreasing with price moves down.

One thing I really like about the BTC exchanges is that I think the technicals work really well here. If you notice, the daily has presented a bullish flag for the last 3 weeks in a row. The market is being propelled on momentum and I think if you want to try and time the correction which is most assuredly coming, just watch the volume signal.

 

[John F Kennedy III]

What does it mean there will never be more Bitcoins? And why isn't mining profitable?

 

[kpitcher]

What does it mean there will never be more Bitcoins? And why isn't mining profitable?

The bitcoin system is designed to reward people handling transactions with new coins via mining. The system has 11 million coins right now, the rest will be passed out over the next century. But the system goes to 8 decimal places and could even be expanded further so it has room for small transaction if the value grows too high.

There are many bitcoin mining calculators. If you plug in the cost of the current equipment, electricity, and payback based on overall network processing power, it's not profitable. If you want to buy new equipment and high end graphics cards to bitcoin mine it won't break even. Further the next generation of specially designed equipment made solely for mining is starting to hit. This will make graphic cards unattractive to mine as they'll be far too slow. That said if you have some very high end AMD graphics cards put them to use and grab some coins. It's worthwhile if you already have equipment costs paid for.

 

[anaconda]

5)
GO TO MTGOX AND SEE WHAT PRICE YOU GOT IN AT (alternatively you can just put cash in your account and then place a buy order later)

2 issues:

1) I made two separate Moneygram transactions in succession at Walmart a few hours ago, each of slightly different amounts. Even though the email confirmations from Bitinstant have a plethora of various numbers listed, I am at a complete loss to confirm which transaction ties to the two transactions listed in my Blockchain wallet. I cannot see any matching cross reference. I can't tell which is which.

2) If I click on "My Transactions" on Blockchain and then click on the green number of bitcoins purchased for a particular transaction, it says (in the top box) "Value at time of transaction" and a dollar amount. In every case the "Value at time of transaction" is about $8 to $12 less than the amount I paid less the fee. I don't understand this. Seems the "Value at time of transaction" should be exactly equal to the amount paid less the 3.99% fee, regardless of how many BTC it managed to buy you in the deal.

Thanks for any ideas/insights.

P.S. I didn't utilize Mt.Gox

 

[presence]

2 issues:

1) I made two separate Moneygram transactions in succession at Walmart a few hours ago, each of slightly different amounts. Even though the email confirmations from Bitinstant have a plethora of various numbers listed, I am at a complete loss to confirm which transaction ties to the two transactions listed in my Blockchain wallet. I cannot see any matching cross reference. I can't tell which is which.

2) If I click on "My Transactions" on Blockchain and then click on the green number of bitcoins purchased for a particular transaction, it says (in the top box) "Value at time of transaction" and a dollar amount. In every case the "Value at time of transaction" is about $8 to $12 less than the amount I paid less the fee. I don't understand this. Seems the "Value at time of transaction" should be exactly equal to the amount paid less the 3.99% fee, regardless of how many BTC it managed to buy you in the deal.

Thanks for any ideas/insights.

P.S. I didn't utilize Mt.Gox

Do the math and see if the BTC you own x the purchase price you paid match the actual $ value at time of transaction. There was some bug w/ blockchain wallets that was incorrectly listing that number, from my understanding the BTC you own is correct relative to the price you paid, the field is just reporting something wrong.... though it was my understanding this bug was corrected.

https://github.com/blockchain/My-Wallet/issues/7
https://bitcointalk.org/index.php?topic=146263.0

It may be related to "mining ledger forks" which are self resolving as I understand. Log out, log back in... and see if changes.



Do that math and get back to us.


Glad you're holding BTC for FREEDOM!

$210 LAST

 

[jtap]

1)
STOP WHAT YOU ARE DOING
POUR YOURSELF A CUP OF COFFEE

2)
GO TO MTGOX AND CREATE A WALLET
GO TO BITINSTANT AND CREATE AN ACCOUNT

3)
USE BITINSTANT ACCOUNT TO CREATE A BUY BTC AT WALMART VIA ZIPZAP MONEY GRAM TO YOUR MTGOX WALLET
PAY 4% and $3.95 in fees

4)
GO TO WALMART, GIVE CASH

5)
GO TO MTGOX AND SEE WHAT PRICE YOU GOT IN AT (alternatively you can just put cash in your account and then place a buy order later)

6)
WATCH YOUR MONEY DOUBLE IN 10 DAYS

Last:

BTC 193.75000000

-Created account on mtgox
-Went to bitinstant, don't see where to create an account

bitinstant shows that they want your name and dob. That doesn't seem so anonymous and if it's not anonymous, couldn't I send money via paypal or bank account and not have to leave my computer?

-do you have to give personal information at walmart also?

-what exactly do you do differently to "...put cash in your account and then place a buy order later"?


Also, they wanted me to "verify" my mtgox account. I doubt I would need to trade over the limits of the level 0 account:

Being “level 0” has the following limits:

Traditional Currencies
Daily withdrawal limit (24hrs): 1,000 USD (or equivalent)
Monthly withdrawal limit: 10,000 USD (or equivalent)

Bitcoin
Daily Bitcoin withdrawal limit (24hrs): 100 BTC
Monthly Bitcoin withdrawal limit: none

“Level 0” is designed for basic users, consumers and Bitcoin enthusiasts where 10,000 USD (monthly) is enough for most needs.

I see no benefit to verifying, plus then your account isn't anonymous. However, according to my questions above I don't see how to anonymously get money into the mtgox wallet.

 

[presence]

-Created account on mtgox
-Went to bitinstant, don't see where to create an account

bitinstant shows that they want your name and dob. That doesn't seem so anonymous and if it's not anonymous, couldn't I send money via paypal or bank account and not have to leave my computer?

-do you have to give personal information at walmart also?

-what exactly do you do differently to "...put cash in your account and then place a buy order later"?

Worry about getting your coins first. Anonymity later... that's not a 2 minute discussion. Bitcoin is NOT anonymous any moreso than cash. You can conduct anonymous cash transactions and you can conduct anonymous bitcoin transactions. You can also conduct receipted cash transactions at Walmart and live feed video gets sent to facial recognition machines in the Utah data center whether you buy bitcoin or condoms.

On buying later, I'm actually not sure that's possible through bitinstant... I think your transaction goes through when your walmart funds clear. I'll get back to you if I learn more.

KISS. I let bitinstant drop to my mtgox wallet at spot price. From there I can move them to my local machine. I try not to blur the situation with my feelings about transaction fees anonymity etc in this type of market.



gotta run... off to buy more coins

 

[newbitech]

-Created account on mtgox
-Went to bitinstant, don't see where to create an account

bitinstant shows that they want your name and dob. That doesn't seem so anonymous and if it's not anonymous, couldn't I send money via paypal or bank account and not have to leave my computer?

-do you have to give personal information at walmart also?

-what exactly do you do differently to "...put cash in your account and then place a buy order later"?


Also, they wanted me to "verify" my mtgox account. I doubt I would need to trade over the limits of the level 0 account:



I see no benefit to verifying, plus then your account isn't anonymous. However, according to my questions above I don't see how to anonymously get money into the mtgox wallet.

i stopped short there too.

I started looking locally for BTC, but either people are too far away, or they are like 25% markup over "spot".

So I will just settle for mining my .0005 BTC a day and see where that leads

 

[presence]

i stopped short there too.

I started looking locally for BTC, but either people are too far away, or they are like 25% markup over "spot".

So I will just settle for mining my .0005 BTC a day and see where that leads

.0005 BTC / day power bill ?



hmmmm...

solar bitcoins?

 

[jtap]

Worry about getting your coins first. Anonymity later... that's not a 2 minute discussion. Bitcoin is NOT anonymous any moreso than cash. You can conduct anonymous cash transactions and you can conduct anonymous bitcoin transactions. You can also conduct receipted cash transactions at Walmart and live feed video gets sent to facial recognition machines in the Utah data center.

On buying later, I'm actually not sure that's possible through bitinstant... I think your transaction goes through when your walmart funds clear. I'll get back to you if I learn more.

KISS. I let bitinstant drop to my mtgox wallet at spot price. From there I can move them to my local machine. I try not to blur the situation with my feelings about transaction fees anonymity etc in this type of market.



gotta run... off to buy more coins

I agree about just getting in at this point without worry of anonymity. That's why I was trying to inquire about a faster completely online method where I could do it now without having to go to the bank, withdraw money, then go to the store and deal with that.

I'm looking for the way to use either paypal or debit or checking acct/routing number. Anyone that can point me to that method? It would be appreciated.

Edit: If I am going to have to go with this more footwork-intensive method, is there a particular way that charges the least fees?


Apparently you can't use paypal because:
*PayPal's user agreement prohibits the use of their payment network for buying digital currency.

I would think one of these exchanges could use it as a go-between though.

Looks like I will have to run some errands at lunch

 

[newbitech]

.0005 BTC / day power bill ?



hmmmm...

solar bitcoins?

Meh, numbers too small for me to even worry about. I did the math on it for my scenario, I figure I will just keep adding .0005 BTC to mt gox every week. I'll sell it on the run ups to fund my account so I can buy the dips.

It's a spark. Lowest possible risk I can see getting into this extremely risky asset class. We'll see if it builds itself up, like everything else I have done that has been successful.

Not trying to be rich, just trying to build an engine.

 

[juleswin]

Bitcoin @ $223 now. When is it ever going to stop? If I had just go in last night, I would have gotten a 10% ish gain while I slept