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Sunday, July 8, 2012


I wonder if the next leg might be up?  It seems like based on the BitCoinCharts we could be consolidating at these levels and might go up next, I would accept this currency for my work, as I have an expectation that it will hold value better then other options, so that in itself is a bullish sign, as long as I am not the only one feeling this way.  Since the bitcoin supply has been increasing as well, I guess bullish all around.  I might fund my Dwolla so that I can buy some one of these days, but more likely I will just go to a miner in cash as this will probably get me a better rate, as I did last time when I got reimbursed for dinner when I paid for a miner's burger at UUASC. I went to BitCoinFaucent and had it send me .001 to 1LqRz7ZPvwbKt7RFj1jdwE87oSUpg7VgnF and feel free to send any unused b$ there, as I could use more of it to play with, donations will go to free meals at user group meetings. So time will tell if now when bitcoin is around 6.78, it was a good time to buy, I suspect they might go up in price again.  Probably around the time when a big publication talks about them again, this is how it went to 32 last time was when lots of financial papers covered bitcoin, take a look at the all time graph, you will see when this happened back in spring of last year.

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