Ah, yes. I've read that AMD video cards are better for mining. I still have their graphics sorted in my head as ATi.
I rarely ever buy when its above $600. I've made some costly mistakes before. May I ask why the change of heart? For a quick couple of hundred of bucks its absolutely worth the risk, but no way would I trade that much on a daily basis.
I'm still hesitant to link my main chase bank account to coinbase because Chase doesn't like it... so for those of you in that boat, you can also get bitcoins here: https://localbitcoins.com/
It appears to be going up up up up I think it's absolutely worth the risk. The Mt Gox was one of the, if not the worst thing that could happen to bitcoin and it's still over $600 per coin.
I'm a stock and options trader. My average position size when I am trading those is larger than $50k. I see there is a lot of retail support for this "currency" and it is not a huge market. I like the chart breakout past a downtrend line and consolidation after the Mt Gox blow up. I plan on averaging into it. If I'm wrong...I'll sell and move on. I'll probably buy another chunk around 610 or so. If it breaks that range then I am going to be tighter with the trade, but I will hold til that support around the 540 range and see how it holds there. If it breaks that or doesn't show any bounce then I am out for now.
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Xapo got 20m VC funding for a secure, fully insured cold storage vault with 24hr notice withdrawal capabilities
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lots of things going on in bitcoin world.. news everywhere reporting china banned bitcoins, despite it actually being a rumor and china central bank is actually trying to regulate bitcoin. coinbase hires FaceBook security director and and former amazon senior director 400 bitcoin ATMs opening in dubai. first one in california just opened as well. Tijuana got some too. warren buffet calls bitcoin a mirage while other successful investors such as bill miller and lars seier christensen give it praise. Bitcoin OTC fund going public by the end of the year by SecondMarket CEO Barry Silbert
mainstream news outlets keep covering the dorian nakamoto story everyone who actually pays attention to fact knew this was a sham from the beginning.. now the guy is having to spend big money on lawyers to clear his name.
What's going on here? http://www.npr.org/blogs/thetwo-way...s-for-bankruptcy-nearly-500m-of-bitcoins-lost
they 'found' $114 million worth of the coins not sure what they're going to do next. mt. gox has nothing to do with bitcoin itself. even though right now its all anyone hears about
<blockquote class="twitter-tweet" lang="en"><p>Requests from 38 institutional investors representing +$250 billion to meet with me re bitcoin at Barclays Emerging Payments Forum tomorrow</p>— Barry Silbert (@barrysilbert) <a href="https://twitter.com/barrysilbert/statuses/447836584554266624">March 23, 2014</a></blockquote> <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>
I have a CoinBase referral link if anyone is interested in depositing. https://coinbase.com/?r=5329159c200db5f3af000382&utm_campaign=user-referral&src=referral-link If you sign up through it, you get $5 and I get $5 (min deposit $100) I hink. Why the **** not says I
Interesting thoughts on the new "property" ruling by the IRS. http://www.theatlantic.com/technolo...-as-a-virtual-currency-in-1-paragraph/359648/ On Tuesday, the Internal Revenue Service ruled that it would tax Bitcoin as a property, not a currency. Some see the move as helping to bring the medium into the mainstream. Now that bitcoins can be taxed, they’re reportable, and the legal ramifications of buying and selling a coin are clear. The IRS’s decision, though, may end one of the great dreams of Bitcoin. The U.S. government will now subject owners of individual bitcoins to capital gains taxes: What they gain on buying or selling a bitcoin, they must pay taxes on. That’s a big deal, perhaps bigger than it seems, because—as a new blog post by Georgetown Law professor Adam J. Levitin explains—it means Bitcoin can no longer function as a digital currency. To tax Bitcoin as property, he says, destroys its fungibility: One Bitcoin can no longer be exchanged for another. This was one of the original intents behind the service. Bitcoin aimed to function as a kind of digital money, meaning it had to work as a unit of account, a medium of exchange, and a store of value. In reverse, that means: As a store of value, Bitcoin’s price had to be predictably stable, such that you could neglect to spend a single bitcoin and know its value would not fluctuate wildly. In late 2013, many argued that Bitcoin’s quickly rising price kept it from functioning as a dependable store of value, but there were no technical or regulatory reasons it couldn’t function as such eventually. As a medium of exchange, Bitcoin must be commonly desired. People must want to have Bitcoin; others must want to spend it. (Thus, it avoids the ‘coincidence of wants’ problem—in order to trade, both people don’t need to want something the other person has. Instead of trading rent for food, for example, you can rent living space from a landlord with money, and your landlord can use that money to buy food.) Finally, as a unit of account, Bitcoin had to have a standard numerical value to be used to measure profits and settle debts. It had to be divisible (which it was, since smaller units of bitcoin could be traded); it had to be verifiable (which it was—this formed the basis of its cryptosecurity), and finally, it had to be fungible, meaning that every bitcoin was the same as every other bitcoin. And that’s where it gets interesting. Something like a $10 bill, for example, is fungible. The $10 bill you got from an ATM is the same as the $10 bill you got back as change at the ice cream parlor is the same as the $10 bill you (on a very lucky day) find on the street. It does not matter which $10 bill you spend. So $10 bills, in other words, are interchangeable. This is why we don’t use horses, bananas, or hand-painted ceramic ashtrays as currency. (The hand-painted ceramic ashtray you got from an ATM is unlikely to be of the same quality as the one you found on the street. This is also why art doesn’t make a good currency.) “So,” asks Levitin, “what does this have to do with Bitcoin?” The price at which a particular Bitcoin was acquired (and this is traceable) determines the capital gains on that particular Bitcoin when spent. If I spend Bitcoin A, which I bought at $10, but is now worth $400, I’ve got a very different tax treatment than if I spend Bitcoin B, which I bought at $390. […] This means Bitcoins are not fungible, and that makes it unworkable as a currency. And then: If I have to figure out which particular Bitcoin in my wallet I want to spend and what the tax treatment will be, Bitcoin just doesn't work as a commercial medium of exchange. It still works as a speculative medium, Levitin writes. But one bitcoin, per Levitin, no longer equals one bitcoin no longer equals one bitcoin. Every bitcoin you own is a little different.
