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For the record, I haven't sold since April. And boom..

Agree. Original prediction is amazing. Glad I liquidated at the end of April.

Wonder how many in this thread are bankrupt now.

I like to watch: http://www.youtube.com/watch?v=5jZp4sp0bdo Anyone else up late tonight? :)

Yeah I look forward to it. GPU is the way to go when doing pure number crunching. Seems particularly useful for analyzing trading strategies.

LOL Yeah I am using tradehill now. MtGox learned a hard lesson I think. Hope Tradehill learned from their competition. I have my 5750 personal computer and restored my wife's old computer from the closet with some 6870s in them. Appreciating the price stability these days. Anyway...

Patience may be THE magic bullet really. Could do something crazy like wait the 15+ years between the major market crashes, stockpiling cash the whole way. Then buying at the bottom.

Printing money to pay on debt IS default. On that note, we were in default with QE2. But back when we had the gold standard, you couldn't print to pay debts. So the 14th amendment would actually avoid default. Now we manage to default in spite of it.

This is actually a more complicated situation. Successful speculators smooth out prices. If you understand economics, I shouldn't have to say more. If you don't just give me your money now.

Keep in mind many people fool themselves by remembering their wins with more enthusiasm than their losses. As far as defaulting, we won't. Read the 14th amendment of the constitution. It basically states that the US will pay on its debt no matter what. The people who will lose are...

I rarely actually laugh out loud but this made it happen. From whatever LATimes article someone linked ""The ads made me think, 'This is easy,'" said Ouma, 52, an administrator with the Grand Prairie, Texas, police department. Ouma used her credit card to fund an account with an online...

It will never be universal. But it does serve the purpose of circumventing governments that have no right telling people what they can and can't do in the first place for victimless crimes.

Agree. Most likely a kid got in over his head. It is great that it didnt end up worse than it already has.

Yup. It is an amazing experiment in free markets. I have been watching with a full on erection and popcorn.

Yup. I don't keep any money in the exchanges. I transfer to them when its time to sell. Sell, then withdraw immediately.

Keep in mind that seller probably only paid an electric bill for those coins. He may have been able to get more, but if you are a guy in your moms basement, 100k may as well be 1 mil when your mom paid the electric bill. Time will tell if he was right. Could crash tomorrow for all we know...

100k $ or bc? Not instantly in either case. You would move the market (unless thats what you want to do). Would want to do that over a day or two probably. It is a 24/7 market, though. Good arb opportunity between bc exchanges. Sometimes mtgox gets too much traffic. They keep upgrading...

Easy to find a seller. You can buy/sell in seconds at www.mtgox.com.

Where can you buy a cheeseburger with gold, silver, loonies, pesos, etc? I mean directly. I don't mean "Its in my bank account, I convert it, or my credit does it automagically etc": http://en.wikipedia.org/wiki/Legal_tender The US government has also explicitly banned use of gold for...

Correct. It would be against the law. Just like how we can't use Canadian dollars, pesos, gold, silver, etc. Federal reserve needs to require that we only use FRNs. Otherwise their monetary policies can't work.