I am a local bitcoin seller

The Silk Road?

Maybe but Id have one.or two people buy a few coins from me a.month but today and yesterday I had various requests of up 50 coins. I think people are starting.to get it. But this threw my day off.

get what?

They make sucky boring.x mas presents to boot.....hummmm. strange

Where's the cheapest reliable place to buy BTC at wholesale prices online?

How can you make money as a seller when people can buy cheaply online?

Do you offer anything the online traders can't offer?

Do you think Bitcoin will be a viable alternative to FRN's when the USD collapses next year for people needing liquid cash?

I'd imagine those physical Bitcoins or the BTC cards would be best for presents, since they are tangible, if a bit of a novelty.

this thread is funny.

COuld the peak in demand, could it, erm.... have anything to do with christmas?

hmmmm

maybe.

LOL.

P.s. the only guys who did real well in bitcoin were the early guys.
Many many got fleeced and lost heaps.
I would worry more about people "getting over that' than them ' gettting the idea' of what bitcoin is.

(which BTW is an elaborate way to enrich the original guy via his free 'market share' )

Scam. Maybe a scam providing a semi-useful meduim of exchange (hmmm not really) - but a scam non-the-less (my 2c)

I can't believe you can say that word on GLP now! The list of banned topics has always fascinated me, I guess it changes from time to time.

WHEN? you mean if the usd collapses.

And as shakey as the ground that particualr currency may be on, bitcoin ( aka SHITCOIN) is way way way more liekly to collapse and evaporate into nothing than the USD next year. And if it did collapse it would go much quicker than the USD and unlike the USD could hit zero in a matter of hours or less than a day. Its a sandcastle built on sand. Go check out the historic charts on bitcoins before you spend a single penny towards one.

It's not a scam at all. And yes, the very early adopters made a ton of cash. And, those in the summer of 2011 lost a ton if they bought in during it's initial fame bubble when MTGox crashed. It has however been stable since then.

But now, it's just another digital currency.

But it's also the only widely used decentralized p2p digital currency. That means no one country can monopolize control over it or devalue it.

And that's why TPTB are afraid of it.

Did they pay you to accuse it of being a scam? Or maybe you just listened to a gov't shill proclaim it as a scam. If that's the case, who really got scammed?

historic chart of Shitcoin since its appearance from the ether.

[link to bitcoincharts.com]

hell you can even say the tavword now, or could a week or so ago. Don't feel like being banned to test it right now though.

I didn't realize it had been banned.

I make money by charging a small comission over "spot" price of the "coin". I don't really care about making too much money on the transaction, I'm more intrested in having a viable option when all FIAT collapses

I don't offer anything special except a cheaper than most price and answer any questions you may have. I want bitcoin or a bitcoin like currency to flourish.

I dont know if it will be viable when FIAT systems collapse since there is nothing like physical, but it is at least another option. I personally am a silverbug/quasi bitcoinbug.

The best usees of bitcoins now are
1. no tax on trade
2. discounts for bitcoin use (no CC fees on the merchant side)
3. pretty good store of value so far.

Sorry if you are behind the INTEL curve there.

The future for Bitcoin becomes brighter as the future of the USD becomes dimmer. See how that works? Much like PM's really.

I know, free-market money scares many people. It is a risk of a free-market economy. But Bitcoin is stable however and growing, so why the fear?

Yes, all investments incur risk. And yes, it did have a problem in 2011. But as you can see, it's been stable since then.

So, who do you work for again?

No one paid me anything. I've read every opinion on them with an open mind, and looked into everything i could aboput them.

Decentralised? Maybe from a governemnt but there is still a creator and he holds a share of teh whole- i.e. if everyone used bitcoin he/his company would be the richest entitiy on earth. Decentralised - NOPE

Early adoptees made a ton of cash - and good on them - but the creator also made a megaton of cash, not really good.

So yeah its not free- its not untraceable, its not opensousce ( it has its creator who always owns a share of the market) and most importantly its not even slightly stable as you yourself admit.

Not stable enough to be a currency I WOULD INVEST IN.
OR STORE WEALTH IN.

Maybe useful to buy up and then send to someone online to quickly buys something, as then it is a tool, and the chances of it crashing and you losing money is small.

Not as shill - just someone who was looking at one time to buy into them as a specualtiion/gamble/ but decided it was way too dodgy even for that. I looked before i leapt, I'm just suggesting others do too. Maybe after doing so they will disagree and think its a good decision to buy Shitcoins. Good on them if they do.

is it possible that bitcoin is the one world currency weve been dreading?

All FIAt crashed after about 50 years or so. This happened time and time again for every FIAT that was ever in existence. The plus with a P2P opensource currency is you can see exactly how the currency is being created. Central banks arn't even close to being as transparent as the bitcoin source code. Humans just cant help but to abuse their printing presses.......bit coin eliminates that factor....although there are many other factors in making a stable currency.........

Don't forget about the USD chart over the last 100 years. If thats any indication of where its going in the future, I'll take the minor gyrations of bitcoin anyday.

No, because no gov't can control it. They fear it, and want to ban it.

It's the one digital counter-currency.

Nothing beats gold & silver, but Bitcoin is the non-gov't solution to digital money.

And, unlike Paypal, all transactions are final. So they can't come back and rape or freeze your account whenever TPTB wish to.

Free market money is all good.

Which is just another reason why SHITCOIN is a very shakey thing to own.

Botcoins do not hold a monopoly (unlike other fiat currencies), and although bitcoin is genuis in design, they have some inherant flaws and inherant ethical problems such as the early takers gettting rich, and the creator getting rich.

This makes them more of an investment PONZI scheme than a currency.

What WILL LIKELY happen ( who is afraid of free-market currencys now) is that SOMEONE ELSE - more honest, more visionary, more ethical will create another BOTCOIN style P2P currency that blows BITCOIN out of the water.

All money will them move away from bitcoin.



Being that bitcoin is based on nothing, even more of a nothing that the USD FRN, being that botcoin is merely based obly upon FAITH - any holders of botcoin when a better alternative comes out will have a very short time to unload before all the botcoins in the world would not even buy you a chicken on farmville.

After playing with bitcoin for the last few months and basically currency trading them within my MT GOX acct making a little beer money every week, I am a believer.

It takes a little faith...like with anything, but bitcoin is a pleasure once the initial setup is done.

It is still early in this game and there will be a lot of mone.....errrr value to grab once the gears get going. I'm just saying that my Ad is being responded to more and more each week.

As for currency implications, and currency collapse situations. Some Iranians did pretty well in dodging the fall of the Rial with bitcoin. So theres a historical example already. I believe the govt did something with the bitcoin software....not sure. but hey nothing worse than watching your currency get halved every week or so.

i know... but something tells me betcoin is an inception by the banks themselvs. they could then launder all thier money into this new world bitcoin

finally someone who makes sense.

I just know one thing - I trust my gut - and bitcoins smell fishy as hell.

Thats the real reason i neve got into them.

Not just that they are based on nothing, are totally experimental, totally untime proven, and are basically version 1 of digital p2p currency which could be trumped tomorrow by a more inovative less sinister more stable alternative.

Yeah - what got me was the fishyness of it. The fishy smell. You may be onto something Mr. Isreal.

Its certainly been used as a scam/pump and dump vehicle at least once so far ( look at 2011 trading chart in post above)

BTC is not for everyone. There is risk involved. But since late 2011 it has been stable. Yes, there is daily volatility, but the historic charts show the overall trend, and it happens to be in the opposite direction of the ovedrall USD trend. The USD is headed for collapse, probably in 2013, of that I'm confident.

Gold & Silver are best in a crisis economy, but trading them online with liquidity is a bit trickier. Bitcoin is easy to trade online, and easy to convert to USD.

And it's not centralized. All gov'ts of the world could close shop and Bitcoin could still survive independently without them. I see it as a survival currency more than an investment. So that perspective makes it more attractive.

And I'm not worried about it's creator. Free markets allow people to get rich if others like their creations. I see nothing wrong with that. And thee creator has retired from his creation anyway. A group of people have been developing the source code since he left. And the code is readily observable by anyone, so anyone can see if it's being inflated artificially. No gov't fiat can compare to its transparency.

It is decentralized in that no gov't can control it or otherwise monopolize its creation. It's decentralized in that Bitcoin farms anywhere on earth can create it independent of any one country or person.

No one said it was free. It is a currency, and currencies are not free.

It is not natively untraceable, but it is able to be made less traceable for anyone who desires privacy with their transactions. There's no need for Big Brother to control the flow of money all over the earth. In doing so, they are just trying to monopolyze the world's wealth anyway.

If you love the USD and believe it has a bright future, then you will hate PM's and BTC. But if you hate FRN's and believe their days are numbered, then you will likely love PM's and BTC. In the end, it all depends on your perspective.

Totally agree!! As paper money and its digital twin created by a small number of people already hate and mistrust to the max, become clearly defined as an barbaric relic of the old paradigm, people will rush into anything of value. The cancers and parasites that plague our current FIAT systems recently have become very apparent (from usury type CC fees, to outright printing) and are killing this patient fast. Could be the old barbaric relic "gold", a new paper currency, or more likely a decentralized digital currency be where people run to find value? who knows.

Technology can never be stopped, just slowed down. As this world moves to a cloud based, open source, style of recording infrastructure a transparent digital currency only makes sense as it grows and mirrors the traits and qualities that are demanded by a changing populace. Therein lies its intrinsic value. Today in the US we still value and feel good about looking at cuddly dead white people....next will be crazy free radical electrons in the form of a 1 and 0.

simply put savings = Physical Silver and Gold

Daily transactions = Bitcoin

Medium between Physical Silver and Gold, and Bitcoin = USD (all FIAT)

I believe FIAT will start taking that role next

Why would the banks make it? It is a replacement for basic banking services. It competes with them, so they don't want anything to do with it.

When you buy Bitcoin, you don't have to sign up with a bank. You don't have to show multiple forms of ID and give your address and phone number. You don't have to do all the things the banks want you to do. It's very anti-bank in nature.

I know Wall Street Traders have already found out about Bitcoin and have begun trading it. They seem to think it's an opportunity for making money.

BTC and PM's are two totally differnet things.

You do a diservice to lump them togather.

And yeah sure - if the world likes something you create why not get rich.

In BITCOIN world where everyone has bitcoin the creator owns something like 5% of all the wealth of the planet. (yes i pulled that stat out of my arse it could be less and it could be more - i forget now - i looked into them in 2011 before the crash, it was something stupis though - something that would make him the richest guy on earth)

Seem fair? That the creator becomes the richest man in the world with his bitcoin?

does it seem fair that bitcoin operate as a ponzi, pyramid scheme - i.e. the more people get into them the more they become.

I'd say it won't seem fair to many people, and that is why you should not speak of PM's and bitcoins in the same sentance.

Becuase someone is unlikey to come along and invent something better and more ethical and stable than GOLD tomorrow- making my coins worthless overnight.

But someone could eaisily, and i think will, invent an alternative to bitcoin, and bitcoin will freefall back into the thin air it came from.


In a matter of hours - maybe days. From her to zero.

If you are selling bitcoins and making real coins, I think that is all cool, I'd just keep your bitcoin vault stocked on the light side, that is all.

best part is you can even trade it when your bored on Saturday and want to FX trade, but no market is open. Just that alone to me is worth it