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This is the thing that worries me. I have 2 BTC and was hoping to sell to grab a MacBook but I get the feeling turds and fan are going to impact each other soo
by csmuk 13y ago
This is the thing that worries me.
I have 2 BTC and was hoping to sell to grab a MacBook but I get the feeling turds and fan are going to impact each other soon.
- danielweber 13y agoThere is an old stockbroker joke about penny stocks. Broker: "This stock is at 1 cent and could keep on going up." Client: "BUY!" The next day: Broker: "Good news, the stock is at 3 cents and is showing no signs of slowing." Client: "BUY!" The next day: Broker: "Awesome news, the stock is at 10 cents and people think it could hit 50 cents in a week." Client: "SELL!" Broker: " . . . to whom?"
- fat0wl 13y agoahhhhh you may be my soulmate on this thread :)
- nezza-_- 13y agoWhich is why you look at market depth indicators. http://bitcoinity.org/markets http://bitcoinity.org/markets or http://bitcoincharts.com/markets/mtgoxUSD_depth.html http://bitcoincharts.com/markets/mtgoxUSD_depth.html for example.
- ye 13y agoSo sell them at an exchange that doesn't suck at withdrawals. BTC is trivial to transfer.
- freework 13y agoIf you can find a place to buy a macbook directly with bitcoins, you'll be OK. Selling BTC for dollars is whats tricky, as it requires money to pass through Gox's bank account. The banks don't really like BTC that much, so it's a pain. I've bought things directly with BTC before and it's an easy process.
- oleganza 13y agoYou may sell half. If it crashes you cashed out quite well. If it diesn't and reaches $10K you won't be sad.
- fat0wl 13y agoheh this is funny to me (though i'm sorry for you, i don't mean to rub it in) only because when i suggested dollar-backed or gold-backed bitcoin a lot of people made fun of me saying "oh it's been done & it was corrupted" "mannnnn" "original sin" "blahhhhhh" but.... whos to say the Bitcoin exchanges are better at banking than traditional banking industries? I understand they represent individual points of failure in the ecosystem, but soooooooo many users have gotten screwed by them thus far.
- csmuk 13y agoThat's ok. I think it's funny too. It was a quick purchase of a couple of bitcoins to see what the fuss was about. They've just sat in my wallet for a period of time. They're better than the banking industry already (I've worked in it and can attest to how bad it is) but then again so is Jimmy Saville...
- davidsong 13y agoNo need to cash out, you can buy from anywhere using all4btc.com. If you'd rather order it yourself than have someone else buy then try an Amazon gift card from gyft.com instead.
- ashray 13y agoIf you want to cash out to USD or Euros I run a service http://bitcoinsaresexy.com http://bitcoinsaresexy.com - you can cash out to amazon gift cards or even paypal money and then buy whatever you like ;) Edit: really ? downvotes on this ? why ?
- runeks 13y agoI've personally used his service twice. And besides PayPal's high fees it works as expected. I will happily use his service again.
- pmorici 13y agoIf you are in the US, use CoinBase I don't even know why people even consider using Mtgox.
- walls 13y agoThere's always localbitcoins! (And Coinbase has been relatively smooth)