Some big announcement that will send Bitcoin soaring??? Easy, Elwar, you're starting to sound like you know who  

Just kidding. I know there are several things in the works, and I for one like where this is headed. Cheers...

Not disclosing any exact numbers but I've been "in" since before the peak and just recently sold everything at $9 and bought back @ $7. Bought back a little too early but I'm still very happy with the result.

Now I'm going to hold for long term unless there is a very clear trend pattern to take advantage of. The same plan as before.

My mining cashout plan has changed a bit though, I used to sell 50% and add the other 50% as extra investment. Now I think I have invested enough and will add the 50% to a "spending wallet". I'm trying to get my friends to use the mobile Android wallet and handle some small payments from there, which is very convenient.

My plans right now are to build a Bitcoin-startup, a kind of portal for Finnish Bitcoin users. One of the main services will be an up-to-date list of all locations in Finland that accept Bitcoin and the startup itself will try to convert as many places as possible to accept Bitcoin. I will create a "package" for small merchants to adopt very easily, make it as easy as possible so they will be on board easier.

That is very important if we want to see the price soar as well. Need an easy way for both regular people and merchants to get on board the Bitcoin train.

I disagree. Price did not bottom.

We recently broke a long-term trend line. Likely we will stay below it (i.e. $10.50 highest value to be reached).

Stupid move.



Bitcoin is going to die.



Remember dwolla? The place that shafted bitcoin?


Well they just announced:




Dwolla has blown up to half the size of paypal from total obscurity in 3 months.

Bitcoin should have done the same thing, but it's sitting in the corner.

MtGox still accepts Dwolla.

So now, there is a $1 billion Credit Union with easy access to transfer money to BTC.

The bottom is 0, and that's where we're headed. Sometimes we go fast, then a few people jump in to make a quick buck, and then we slide slowly for a while.

At $.01/coin just a few of us could buy every outstanding Bitcoin and all created coins over time. It's not going to go that low again for you naysayers.

Several others on here have said the same thing and I would echo it now, the problem with Bitcoin was that it became wayyy too profitable to mine, so people started dropping $10k-$100k on equipment to do so, we had an influx of too many miners who started mining intending to make a profit right away.

The MtGox withdrawl limit being what it is, we have seen a slow and steady decline as every day the miners transfer $1k worth of Bitcoin over, sell it, and withdraw it.

I would have to echo the sentiments of the others and say, that this slump is a good thing, it will serve as a warning to those who come into Bitcoin looking to profit off of mining that a huge investment is not going to have an immediate payout. This slump is keeping Bitcoins more about fun and less about profit.

No you could not. As you purchase them, their price would increase until you could no longer afford them. Supply and demand, my friend.