Bitcoin Price Update

anaconda said:
Which exchange did you set yourself up on? I am discouraged with how poorly prepared Coinbase seems to be. Their website is messed in various ways and their customer support seems to be going down in flames. But I do have confidence in their ability to trade bitcoins effectively, so I suppose that is the most important thing at present, and I imagine their priority. I'm sure they are overwhelmed and trying to use their funding efficiently.
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I was pleasantly surprised at how easy it was to set up on coinbase. Not sure why you were having problems. What do you mean by "poorly prepared"?
 
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Coming in January, Cointeller with credit cards/paypal, etc. I hope that works, because I agree that Coinbase is a pain in the arse. The problem is you have to sign up at Coinbase to buy btc, then you have to transfer your btc over to BTC-E if you want to buy litecoin or another crypto. Coinbase gets a fee for the transfer to BTC-E.... then BTC-E gets a cut when you buy a crypto there. Everyone has their hands out... We need one stop shopping !!!!
 
could always do the local bitcoin and local litecoin.. if you're in an area with anyone there that is.
 
PaulConventionWV said:
I was pleasantly surprised at how easy it was to set up on coinbase. Not sure why you were having problems. What do you mean by "poorly prepared"?
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Their chart section doesn't work (try selecting a time range - their engineers must not be testing their stuff before they put it up...). They took down their contact email address (without even some form of germane and informative statement on their website). They are hit-and-miss or terribly slow to respond to support questions (but now the contact isn't even listed there). Their "public question" portal seems like a black hole. My last purchase with them was a few weeks back when they had to delay orders (mine took 4 days I believe). Their was a cancellation option with an estimate of how long the cancellation window would be. Then the cancellation option vanished, and I couldn't get any explanation because they wouldn't get back to me. Etc. But I did say in my post above that they seemed to be effectively prioritizing the efficiency of getting the trades done and the intermediation with our bank accounts. Even the delayed transaction I spoke of came with the warning that it would not be completed until 4 days later, so there was good disclosure on that. So, by "poorly prepared" I mean that they seem to be overwhelmed, and perhaps jumped into some areas that they were not staffed for, funded for, or thought through sufficiently regarding. And they don't seem very willing to communicate with their clients regarding these bugs and hiccups.
 
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https://localbitcoins.com/

You may have people in your neck of the woods willing to take bitcoins for cash. Bring a smartphone to a public spot, do the exchange. Coinbase has an app, as does blockchain and a number of others.
 
Volatility seems like the only constant with BTC. I'm guessing some folks were able to make some money off of the recent ups and downs between $1100 and $600 by guessing correctly.
 
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anaconda said:
Their chart section doesn't work (try selecting a time range - their engineers must not be testing their stuff before they put it up...). They took down their contact email address (without even some form of germane and informative statement on their website). They are hit-and-miss or terribly slow to respond to support questions (but now the contact isn't even listed there). Their "public question" portal seems like a black hole. My last purchase with them was a few weeks back when they had to delay orders (mine took 4 days I believe). Their was a cancellation option with an estimate of how long the cancellation window would be. Then the cancellation option vanished, and I couldn't get any explanation because they wouldn't get back to me. Etc. But I did say in my post above that they seemed to be effectively prioritizing the efficiency of getting the trades done and the intermediation with our bank accounts. Even the delayed transaction I spoke of came with the warning that it would not be completed until 4 days later, so there was good disclosure on that. So, by "poorly prepared" I mean that they seem to be overwhelmed, and perhaps jumped into some areas that they were not staffed for, funded for, or thought through sufficiently regarding. And they don't seem very willing to communicate with their clients regarding these bugs and hiccups.
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I'm sure they will get better with time. Mt. Gox had lots of problems during the last BTC bubble, but they seem ok now.
 
PaulConventionWV said:
I'm sure they will get better with time. Mt. Gox had lots of problems during the last BTC bubble, but they seem ok now.
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I'm sure you're right. But if they would be more open and fess up to their glitches, it would have saved me a lot of dead ends, wasted time, and head aches. And I will be less likely to reengage them if and when they fix things.
 
anaconda said:
I'm sure you're right. But if they would be more open and fess up to their glitches, it would have saved me a lot of dead ends, wasted time, and head aches. And I will be less likely to reengage them if and when they fix things.
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All of the BTC sites are having growing pains right now. Its a good sign if you are an investor although it can be frustrating.
 
juleswin said:
$878 on mtgox. Don't panic folks, it will be back up to 1100 by supper.
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It was less than half this price a few weeks ago, why should anybody be worried?

The better question is when is it going to jump next, and by how much? $4k? 5k?
 
dannno said:
It was less than half this price a few weeks ago, why should anybody be worried?

The better question is when is it going to jump next, and by how much? $4k? 5k?
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I know, its just that I have been predicting bitcoin's demise for a while now and every single time I think the big one is coming, the price go back up. There is one thing I wont be doing any longer, and that is my frequent visit to mtgox to check the price. I will put bitcoins in the category of something that I just do not understand and try and let it be.
 
FSP-Rebel said:
BTC Spartans don't panic, we buy more.:cool:
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I wish the best for you guys and bitcoins and hope you make out like bandits as early adopters. I am still pissed that I missed the train when it was really cheap cos I knew about it then and actually tried to buy a few coins.
 
dannno said:
It was less than half this price a few weeks ago, why should anybody be worried?

The better question is when is it going to jump next, and by how much? $4k? 5k?
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Based on a certain pattern I notice (from Mt. Gox historical chart), I wonder if it'll shoot just a little past $10k/BTC within the next month.
 
If it gets to $10K in a month I am having a "shooting semen everywhere" party and you're all invited. Bring a rain coat.
 
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