Bitcoin going ballistic.

jtap said:
Yep. that was my "TIP" earlier. For some reason they want to ask the price without fee and that messes it all up.
Click to expand...

their computer screen asks for the price without the fee. I think probably zipZap pays the money gram fee out of the 3.95.
 
Before I post these charts, I would advise not putting in anything you cant afford to loose.

Also, I would really enjoy a nice steady period..

...but this surge may last a while as you can see from the discussion here even some relatively tech savy people are havin a hard time figuring out how to buy them, cause not many places will let you use a credit card or paypal, wanting you to wait weeks for verified account status to do bank transfers. Add in the bitinstants, coinbases, etc seem to be having periods where they are occasionally not taking orders having a hard time keeping up with the pace. That tells me alot of people that want in are still just figuring it out.

If you go to bitcoincharts.com/charts select all data (goes back to 2010) click draw and you get this.

OxnheJ8.png


Click the logscale box the click draw again and you get this.

TRvjYps.png


Add in this news, that over 5 million dollars worth of goods and services were bought and payed for using bitcoins from major/estableshed online sellers via Bitpay's payment processing service in March...
http://bitcoinmagazine.com/bitpay-processes-5-million-in-march-eclipses-silk-road/

Like I said, I would like to see some stability myself, but I think we may still be going up for a while.
 
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newbitech said:
I understand the math behind it. What ever the next defacto world currency is will obey the same pattern more or less.

Why bTC tho? For all the reasons I have heard it is so great as a replacement, in actual practice, I haven't really seen it live up to those reasons yet.
Click to expand...

Why facebook?

Why google?

Why apple?

Why microsoft?



Its hard to say... but bitcoin is on that type of market lead in new technology path. Will it overtake the dollar? who knows... will it overtake a few struggling european countries... I'm banking on it. Will it take a sizeable chunk of web purchases? I hope so.

I suspect our children will give their cyrpocurrency wallet number, not their credit card number when ordering online.











Yes... it sucks as a "currency" right now... it is in every way acting like a newly discovered commodity until it becomes saturated. By then markets and market tools should be more stream lined and plenty of people will have plenty of bitcoin they're looking to spend in those markets. The project development forum at bitcointalk is an exciting read; as far as it doesn't go over my head.
 
If I'm understanding this correctly - there is no way to buy bitcoin without actually showing up at some establishment somewhere - cannot do it from a home computer, right?
 
opal said:
If I'm understanding this correctly - there is no way to buy bitcoin without actually showing up at some establishment somewhere - cannot do it from a home computer, right?
Click to expand...

There are ways, one being Dwolla to MtGox but you need to mail in papers and wait ages to get verified so you can do bank transfers that reportedly take days to get to MtGox. Others can take even more effort from the user like buying from anonymous users in irc chat rooms etc.

CoinLab is supposed to make things easier, but their already past scheduled partnership with MtGox doesn't seem to have taken effect yet.
 
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opal said:
If I'm understanding this correctly - there is no way to buy bitcoin without actually showing up at some establishment somewhere - cannot do it from a home computer, right?
Click to expand...

There are a lot of ways to get bitcoin, some are more anonymous than others.

If you can find somebody close to you on localbitcoin.com then you can go buy bitcoin with cash from them, anonymously.

Apparently at bitinstant you can go to walmart and try to fill out the wrong info, but that may or may not work as it did not for them for whatever reason (I haven't used bitinstant so I'm not up on all the details).

The other thing you could do is open an online store and sell things to people for bitcoin.
 
evilfunnystuff said:
CoinLab is supposed to make things easier, but their already past scheduled partnership with MtGox doesn't seem to have taken effect yet.
Click to expand...

I think you mean Coinbase? I had success with them, but it was a bank transfer (verifies bank account then buys at current price - you get the coins when it clears)
 
Right now, yes, unless you want to wait a few days to a week. I had my bank account verified on Coinbase within two days but they have massive back orders to purchase new bitcoins. Mt.gox has over 15,000 verifications pending... Bitfloor accepts wire transfers and cash deposits at BofA... not sure about the others.
 
dannno said:
I think you mean Coinbase? I had success with them, but it was a bank transfer (verifies bank account then buys at current price - you get the coins when it clears)
Click to expand...

Nope CoinLab http://coinlab.com/

https://mtgox.com/press_release_20130228.html
Mt.Gox & Coinlab Announce Strategic Partnership to Bolster American Presence, Celebrate $1/2 Billion per Year in Annualized Trades

TOKYO, JAPAN - February 28, 2013

Dear customers,

Mt. Gox, the owner of the world’s dominant Bitcoin exchange, announced today that they have selected CoinLab as their exclusive partner in the United States and Canada. As of March 29, all US and Canadian customers currently transacting with Mt.Gox will transact through CoinLab, Inc.

"This move will bring local product delivery, liquidity and customer service to a huge group of Bitcoin fanatics," said CEO of CoinLab, Peter Vessenes. "We're excited by, and awed at the responsibility we have caring for our over 100,000 new customers and over a half-billion dollars in annualized trade volume."

Mt.Gox will continue to provide back-end exchange clearing services, and transition over handling of customer accounts, deposits, withdrawals, and other functions to CoinLab's US-based team.

"This should be a huge win for everyone -- faster deposit and withdrawal times, easier-to-reach customer service, and better access for United States financial markets, market makers and liquidity providers" said Mark Karpeles, Managing Director of Mt.Gox.

CoinLabs plans for the customer base? "Service, Service, Service. Oh, and also, Liquidity, Liquidity, Liquidity," said Vessenes. "Also, we're planning on launching some pro trading tools; we have some samples up for comment and review ahead of launch at http://coinlab.com/liquidity."

Mt. Gox is the world's largest Bitcoin exchange, providing at least 80% of global bitcoin trading volume. It resides in Shibuya, Tokyo, Japan.
CoinLab is the world's first US Venture-backed Bitcoin Company; it was funded in April 2012 by a group of progressive investors, including Tim Draper, Roger Ver, and Geoff Entress.



Regards
Mt.Gox Co. Ltd Team.

Mt.Gox Contact [email protected]
Coinlab Contact Peter J. Vessenes, 855-LAB-COIN, [email protected]
Click to expand...
 
opal said:
If I'm understanding this correctly - there is no way to buy bitcoin without actually showing up at some establishment somewhere - cannot do it from a home computer, right?
Click to expand...


Coinbase
Bitcoin OTC,
Bitcoinary


One of those three will get you directly from bank account to coins.

also through mtgox your options:

These are the methods supported by the AurumXchange and not Mt.Gox directly. AurumXchange is an official funding partner of MtGox. This service
enables Bitcoin traders to rapidly fund their accounts using a variety
of electronic currencies, as well as Wire Transfers and SEPA transfers.

AurumXchange currently support the following funding methods:

E-Currencies:

  • Liberty Reserve (Instant funding - NO FEE)
  • PerfectMoney (INSTANT funding - 1% FEE)
  • Pecunix (INSTANT funding - NO FEE)
  • HD-Money (INSTANT funding - NO FEE)
  • VouchX Vouchers (INSTANT funding - NO FEE)
  • CosmicPay (INSTANT funding - NO FEE)
  • C-Gold (INSTANT funding - 5% FEE)
  • SolidTrustPay (WITHIN 1 to 2 business days - 8% FEE)


Banking and other payment methods:

  • SEPA Euro transfers (WITHIN 1 business day - NO FEE)
  • International Wire Transfer in USD (WITHIN 1 to 2 business days - NO FEE)
  • Wire Transfer in GBP (WITHIN 1 to 2 business days - NO FEE)
  • CASH deposit at 10,000 locations in the USA (WITHIN 1 hour - at 3.75% fee!)
  • INSTANT EURO BANK TRANSFERS (Coming soon!)
  • LOCAL AUSTRALIAN BANK DEPOSITS (Coming soon!)
Click to expand...



But yes... If you want to REALLY MAKE $$ on bitcoin... become the guy that takes secure credit and debit card numbers and turns them into coins and vice versa on a big scale for cheap.

Its coming. The services are still weak, beta, expensive, and lacking. But there was never a billion or two dollars in bitcoin in circulation to warrant such improvements. Now there is. The market tools will soon follow.
 
presence said:
But yes... If you want to REALLY MAKE $$ on bitcoin... become the guy that takes secure credit and debit card numbers and turns them into coins and vice versa on a big scale for cheap.
Click to expand...

Just watch out for credit card companies reversing the charges, alot of people have been burned this way.
 
evilfunnystuff said:
Just watch out for credit card companies reversing the charges, alot of people have been burned this way.
Click to expand...

Is the selling process as easy or hard as the purchase process? Would love to hear from someone who has sold some coins. Kinda might be sketchy to meet a stranger if you had 50 bitcoins or what do you do if you live in a remote place?
 
schiffheadbaby said:
Is the selling process as easy or hard as the purchase process? Would love to hear from someone who has sold some coins. Kinda might be sketchy to meet a stranger if you had 50 bitcoins or what do you do if you live in a remote place?
Click to expand...

Meet up at Starbucks or Burger King or something.
 
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evilfunnystuff said:
Lots of ways, one is use your btc to buy gold. :toady:

http://coinabul.com/index.php/gold-bars-bitcoin/pamp-suisse/pamp-suisse-gold-bullion-5.html
Pamp Suisse - 1 ounce bar
Availability: In stock
฿7.3122
Click to expand...

Personally I think this is much cooler

http://www.amagimetals.com/10-x-1-10-oz-gold-ron-paul-round.html
rp_onetenth_gold_1.jpg

1/10 OZ Gold Ron Paul Round
฿0.8196

Or
1ozt_silv_ron_paul_round_dual.jpg

1 oz Silver Ron Paul round in proof-like condition and 0.9999 fine silver.

Availability: In stock
฿0.1478

Plain 1oz silver bar is ฿0.1285 there right now.
 
Bump for another petition to please screw your heads on people. This move is parabolic among parabolic moves. Given the awesome mania right now, expect the crash to be unbelievable. We are talking poof its gone, you just lost 50% in an hour 80-90% in less than a day (and maybe more). Even just a couple of days of stability could cause a crash. At the first sense that the hyperdrive move is over, people will sell the crap out of bitcoin.
 
amonasro said:
I've just had bitinstant send it directly to my bitcoin wallet. I was reading too many horror stories of massive delays crediting $$ to mt.gox. All mine have been fulfilled within minutes once I pay the Moneygram. Actually one took an hour, but it was at 5 o'clock on a weekday.

If you do use CVS, make the cashier enter the entire amount (3.95 fee and all) you are paying or else it won't work.
Click to expand...

Walmart in San Leandro, CA charged me NO fee for the Moneygram yesterday.
 
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