Now is the time to convert your bitcoins to cash, because this wont last for much longer :-)
Depends on your investment goal. Personally my main reason for holding bitcoins is so I don't feel like punching myself every time it goes up another $100.
Bitcoin $500
71–80 of 145 posts
Re: Bitcoin $500
#72No matter your take on bitcoin's long-term viability (or lack thereof), it can hardly be argued that this isn't damn interesting to watch unfold. A cryptocurrency with zero backing that exists only in digital form is now worth many billions of dollars. Is it a bubble? Will this foment a currency revolution of sorts? If it doesn't crash, how will governments react? If it does crash, what will replace it? Obviously the…
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Re: Bitcoin $500
#73Earlier quoted context omitted.
It's not impossible, but it is difficult. However - it's much easier to withdraw in Japanese and Chinese currencies. BTCChina is pretty close to GoxUSD.
Is localbitcoins dot com dead ? Does anyone use it anymore?
I sold most of my bitcoins last week. I'd guess it's pretty easy to do that if you live in a larger city.
Re: Bitcoin $500
#74Earlier quoted context omitted.
It's very easy to withdraw from MtGox with Japanese and Chinese currencies. BTCChina is very close to GoxUSD in terms of price. The MtGox price is actually pretty accurate, bitstamp is the one that is lagging behind.
So can you swift/iban jpy to your bank from gox and expect a good turnaround time?
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Re: Bitcoin $500
#75Earlier quoted context omitted.
Stupid question maybe, I believe I still have a few bitcoins laying around (I got them when we were speculating how crazy it would be if Mt Gox ever reached $1) I'd like to buy a pro copy of google sketch-up, and buy some lumber at this lumberyard that is cash only. How do I do it if i can't withdraw usd?
use coin2pal.info. I have used their service a few times and it is working. Slow but reliable process.
Don't trust anything with .info
Re: Bitcoin $500
#76Now is the time to convert your bitcoins to cash, because this wont last for much longer :-)
Depends on your investment goal. Personally my main reason for holding bitcoins is so I don't feel like punching myself every time it goes up another $100.
arguably, you could still punch yourself for not having bought more :)
Re: Bitcoin $500
#77What happens to the price when only people with 500Ghash/sec+ can make coins next month? Early adopters are rightfully getting a nice reward now, but how do you get "fresh blood" when the difficulty is off the chart unless you have several thousand dollars in hardware?
You can buy shares in mining efforts.
Re: Bitcoin $500
#78Earlier quoted context omitted.
Just signed up with Bitstamp to try it out, but why don't they accept VISA deposits?
Bitcoin is not reversible after 10 minutes, credit card transaction is not reversible after 90 days in some cases. Guess how much fraud will happen to anyone selling Bitcoin with PayPal, Visa or similarly reversible payment mechanism. The pain in the ass with buying Bitcoins is due to a simple thing: you never own government currency, you always ask someone else for permission to use it and it's always based on human…
I'm intrigued - how is BTC reversible within 10 mins?
Re: Bitcoin $500
#79Correct me if I'm wrong, but isn't it impossible to withdraw USD from MtGox at this point? How can this be a viable source of BTC->USD comparison when the only thing you can do with a USD balance on MtG is buy?
I've used CoinBase and their withdrawal process is very easy. The funds were in my bank account within 3 days.
Re: Bitcoin $500
#80Correct me if I'm wrong, but isn't it impossible to withdraw USD from MtGox at this point? How can this be a viable source of BTC->USD comparison when the only thing you can do with a USD balance on MtG is buy?
You should be able to at least withdraw your bitcoins, which you could then keep locally or sell for cash?