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Tell HN: Bitcoin currently trading for $30 USD

5 points by palish ↗ HN
I received 5 Bitcoins about a month ago, and didn't really think twice about it. I just checked, and if the current trade price holds, then I now have $146.50.

That's a phone bill payment, for just being lucky. Pretty sweet. I'm trying to sell them right now on MtGox, and I'll post how much I actually walk with after fees.

EDIT: Since typing this, I've "lost a dollar". Trade price now $29.091 * 5BTC = $145.45 ... I've sent my 5 bitcoins to MtGox, but the site says it probably won't register for a couple hours. Then I have to place a trade order.

EDIT2: While typing the above edit, price went to $29.685 * 5BTC = $148.42 ... extremely volatile right now!

EDIT3: Sold 3 BTC so far. MtGox says I have $89.21

EDIT4: I sold all 5 bitcoins for a total of $150.21.

MtGox uses a money transfer service called "Dwolla", which has only a $0.25 transaction fee. This means I will walk with $149.96. Not bad for a lottery ticket payout.

4 comments

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pharno
yeah, I think I looked at the price a few weeks ago. However, it was on 7$ or 8$. I just downloaded an app, which shows me a graph and my jaw just dropped. 48 hours: +12$ or something. I think I should buy some rigs...
hugh3
Let us know if you actually manage to find a real buyer willing to pay actual dollars. If you do, then you'll earn my congratulations.

I'm guessing this is the top of the bubble, the point at which people who have been holding onto a few bitcoins go "Holy crap, they're worth that much?" and suddenly try to sell.

palish
I've sold 2 BTC so far. MtGox says I have $59.58.

It's surprisingly painless.

I'm waiting about an hour to see how the market moves, before selling my other 3.

I'll let you know how much I have in the bank at the end of all this.

EDIT: I've sold all 5 bitcoins for a total of $150.21. MtGox transfers money using a service called Dwolla, which charges $0.25 per transaction.

This means I will walk with $149.96 after fees. Actual, US dollars. :)

dablya
I feel like I should hurry up and act now...