Bitcoins

sabretoothtigger

Computer related services can pay in BTC. Theres a website to advertise your skills for btc pay

paddyrg

Satoshi wrote: »

In the future I hope businesses could give the option of accepting crypto. I would love to let my custmoers pay in something other than fiat but its just not widespread enough yet.

It never will be unless you give them the option and ride the BTC publicity waggon - just you'll charge a GBP price and accept BTC at that day's exchange rate, so a £1000 job could pay you 0.5 - 2 BTC for instance. It's NO DIFFERENT from allowing people to pay you in Euros, except the Euro is more stable and easier to buy.

JohnRo

There will probably come a point as btc access and delivery develops and integrates, where adoption creates stability and a critical mass of people would rather just not deal with fiat unless forced to and that's when incorruptible, decentralised crypto will have it's day, it may not be as far off as some would have you believe either.

I'm not prepared to make a huge bet on btc though. Fiat is all about power and control and has little to do with equity and integrity so something will have to give at some point when the two start going toe to toe. There's just no way the money printers will allow a level playing field to sweep their advantages and privileges away without an almighty fight, imho.

dryhat

Good, balanced report of Bitcoin on Australian news...

http://www.youtube.com/watch?v=OMsefQ6_FKY

dryhat

A heads up to anyone interested ...

http://www.meetup.com/London-bitcoin-meetup/events/156423332/?gj=fbsd_ed&a=fbsd_event_details&rv=fbsd_ed&from_fb=true

If you are new to Bitcoin and want to learn more or you are an experienced user, come along tomorrow to this exciting event.

Satoshi

why are the charts so flat lately? Where is volatility?

I want some big dips and peaks.

paddyrg

Satoshi wrote: »

why are the charts so flat lately? Where is volatility?

I want some big dips and peaks.

Perhaps the news is quiet and you can expect a slow drop-off? Fact is the 'value' has been completely irrational so far and only coupled very loosely to world events - massive dip could come at any time, followed by massive spike...you never know.

Bigger tech press news is around Primecoin mining software being responsible for installing malware

JohnRo

The price or value has been determined by a free market free of corruption and manipulation, the volatility is another matter entirely.

paddyrg

Lucky you! FBI just announced sell off of $28M of BTC, contrary conditions (sell off + press surrounding sell off) will probably provide your awaited volatility again!

csm888

A little of my Market Analysis:
The market is being manipulation to be above $880-$900. (gox)
There is a bot with bid's being place automatically around these prices. If the price falls through, as it did on Friday night, the bots (possibly with human assistance) bring the price back up.
I use market depth on
http://bitcoin.clarkmoody.com
and you can clearly see what is happening during the times the price is around $880-$900.
This 'soft floor' has been held for the past 2 week using these bots.
There is little chance of the price sustaining values of less then $860 unless a whale dumps several thousand coins. Fear in the market has subsided and any major shifts now will be news triggered.

These bots have clearly bought up lots of coins over the past weeks (several million $ worth) my questions are:
1) How deep are the pockets of these people who own the bots?
2) Are they attempting to accumulate coins (for some big client) or is it for trading purposes, and they will be selling these coins in the near future?
3) If this an attempt to create some stability?
4) Is this an attempt to create a floor, so anyone selling into it will never get their coins back cheaper?

If this situation holds over the end of this month (lots of FUD from China is coming) the only way from here is up.
But I think there are many people who sold <$800 and need to re-buy their coins. If they have any ammunition (coins) left they will be very happy to dump and try and cause some fear and a crash to get the price down, the prime opportunity to achieve this will be around 31st Jan using China FUD.

The Bitcoin market is maturing rapidly, big money is much more visible.
As 'Qui-Gon Jinn' said (Star Wars) 'There is always a bigger fish'

My analysis is no doubt wrong in places.. possible all of it. But I'd love to hear anyone else's opinion on the short to mid term market. (Obviously long term I am bullish)



(Disclosure: I am currently 100% BTC- 0% Fiat)