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• #402
local bitcoin works well. I have used it quite often
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• #403
BBC have got hold of it now
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• #404
People’s Bank of China told more than 10 third-party payment service providers yesterday not to give clearing services to online Bitcoin exchanges, China Business News reports, citing a central bank meeting with the companies. This news is pressuring Bitcoin to $678 (on Mt.Gox) but more notably, BTC China rates imply a $588 equivalent price - down 57% from its highs. From a $100-plus premium, BTC China now trades $130 cheap to Mt.Gox as the 'arb' flips.
http://www.zerohedge.com/news/2013-12-16/bitcoin-banged-bear-market-again-precious-metals-rise
I think the announcement that the peoples bank are not going to even attempt manipulating the price of Bitcoin is just an acceptance that they can't and further demonstrates the strength of the technology.
The problem is hard enough to buy Bitcoin in England.. ive no idea how I go about buying them in China.
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• #405
I started to do some research to understand bitcoins further. Take note, this is not a simple digital currency exchange folks. This has a core protocol and agreements via the block chain that everyone should be aware of. BTC is challenging. It's like hitting two birds with one stone.
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• #406
Buy buy buy
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• #407
Currently trading at around $500 a Coin - almost half what it was last week.
These wild fluctuations seem to be on the back of the smallest references to bitcoin in the media, today its somthing about denmark.
http://www.bloomberg.com/news/2013-12-17/bitcoin-rules-drafted-in-denmark-as-regulator-warns-against-use.html -
• #408
Setting a rough figure of $600 as entry point.
Are you in now Tommy?
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• #409
If you're not, I would be happy to come round and burn your money in front of you. Would be easier and quicker.
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• #410
^^ that was a week ago, the volatility seen lowers its value as a practical currency for me. Reset to some closer to $300.
^ less fun tho
Currently trading at $458
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• #412
My wild guess is it will fall back to $250 and stabilise there.
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• #413
I'll guess $200.
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• #414
No $6
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• #415
$798?
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• #416
(6*200)-798
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• #417
- nearly 42. That was once in a scfi book. doo-do-do-do doo-do-do-do
- nearly 42. That was once in a scfi book. doo-do-do-do doo-do-do-do
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• #418
I agree with the Winklevoss twins that the value will hit $40k one day
http://thenextweb.com/insider/2013/12/15/winklevoss-twin-says-bitcoin-valuation-will-top-40k-plays-down-silk-road-closure/but I think it will go lower in the short term
currently at $408
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• #419
So buy, buy, buy
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• #420
My 10 year plan is to have a portfolio of North London mansions. All paid for in full by bitcoin.
The time to start is now -
• #421
So a 100 fold increase? Hmm. £500 into £50K.
You say these boys have a large holding, and bitcoins fultulate on the whims of media reports.
Seems legit.
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• #422
I'm glad I got out when I did, my holiday house on the Moon is paid in full and we can now start work on filling the pool - harder and more costly than you might think...
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• #423
10K > 1million.
easy money
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• #424
I'm tempted, but not in an investment capacity. I like to gamble. I could stump up the cost of 1 BTC. I just don't know how.
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• #425
^ this
All the sites ive seen appear to have some drawbacks.
At the moment I would recommend quickbitcoin or bitbargin
https://quickbitcoin.co.uk
Current price:£615.84
Direct bank transfer into the company account
Claims to be cheaper than Mt Gov because although a higher list price you don't have to pay the additional fees normally incurred below.
Bank Transfer Fee:£25
Exchange rate fee (avg 3%)
MtGox trading Fee (0.6%)
https://bittylicious.com
Current price: £630.76
Requires several steps to verify identify
https://bitbargain.co.uk
Current price £575.00
Buy direct from sellers via a site controlled escrow system
Direct bank transfer
https://localbitcoins.com
Current price £573.31
Buy direct from sellers
Direct bank transfer or Cash