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Title: why this rally? Post by: adamstgBit on January 17, 2013, 09:10:08 PM why this rally?
maybe a better question, why is demand growing? Title: Re: why this rally? Post by: Kupsi on January 17, 2013, 09:22:00 PM Because Bitcoin is awesome!
Title: Re: why this rally? Post by: RodeoX on January 17, 2013, 09:27:38 PM I'm not exactly sure why. But there is growth on all fronts. Look at how many people are on this forum at the moment. The cat is out of the bag!
Title: Re: why this rally? Post by: Nachtwind on January 17, 2013, 09:29:56 PM Strange that noone mentioned it yet... but...
http://cdn.memegenerator.net/instances/400x/33536602.jpg Title: Re: why this rally? Post by: phatsphere on January 17, 2013, 09:37:13 PM Title: Re: why this rally? Post by: Bowjob on January 17, 2013, 09:39:03 PM You'd do well to buy shares of Satoshi dice. Think of it as an investment of an investment. Bitcoins grew in value, and Satoshi dice did too. From 0.0048 - 0.006 now. That's a nice increase.
Title: Re: why this rally? Post by: ElectricMucus on January 17, 2013, 09:39:26 PM mega+refunds
Title: Re: why this rally? Post by: lebing on January 17, 2013, 09:45:24 PM there has been upward pressure for awhile Adam, just look at the dumps that were tried and failed last month. Once those got burned out, its only natural that the upward pressure continued. The original reason for the pressure was wordpress + bitpay numbers.
Title: Re: why this rally? Post by: cypherdoc on January 17, 2013, 09:47:36 PM there has been upward pressure for awhile Adam, just look at the dumps that were tried and failed last month. Once those got burned out, its only natural that the upward pressure continued. The original reason for the pressure was wordpress + bitpay numbers. yes, there were alot of dumps. adam, did you let lucif influence you? Title: Re: why this rally? Post by: byronbb on January 17, 2013, 10:18:13 PM You'd do well to buy shares of Satoshi dice. Think of it as an investment of an investment. Bitcoins grew in value, and Satoshi dice did too. From 0.0048 - 0.006 now. That's a nice increase. I wish I could trust MPEX.... Title: Re: why this rally? Post by: marcus_of_augustus on January 17, 2013, 10:23:00 PM Just look at the long term chart, it is a classic breakout rally after breaching first leg up high from back in late Aug. 2012. No other explanation needed.
Title: Re: why this rally? Post by: myself on January 17, 2013, 10:46:29 PM why not ?
Title: Re: why this rally? Post by: ElectricMucus on January 17, 2013, 10:48:34 PM why not ? circular reasoning. Never argue with a fundamentalist technical analyst. Title: Re: why this rally? Post by: gimme_bottles on January 17, 2013, 10:50:34 PM Title: Re: why this rally? Post by: Fuzzy on January 17, 2013, 11:21:52 PM So offended right now >:( Title: Re: why this rally? Post by: Third Way on January 17, 2013, 11:47:43 PM This is worse than the holocaust, remove this immediately or I will call the JIDF. Title: Re: why this rally? Post by: SlaveInDebt on January 17, 2013, 11:55:24 PM Title: Re: why this rally? Post by: gimme_bottles on January 18, 2013, 12:20:29 AM IMAGE if this offends anyone, i'll remove it asap This is worse than the holocaust, remove this immediately or I will call the JIDF. after checking their site, i really don't want to deal with those people :P Title: Re: why this rally? Post by: StarenseN on January 18, 2013, 02:29:44 PM You'd do well to buy shares of Satoshi dice. Think of it as an investment of an investment. Bitcoins grew in value, and Satoshi dice did too. From 0.0048 - 0.006 now. That's a nice increase. Indeed. 80% ROI in less 2 weeks but what's the next step :) Title: Re: why this rally? Post by: 2weiX on January 18, 2013, 02:32:03 PM Title: Re: why this rally? Post by: Bitobsessed on January 18, 2013, 04:19:23 PM You'd do well to buy shares of Satoshi dice. Think of it as an investment of an investment. Bitcoins grew in value, and Satoshi dice did too. From 0.0048 - 0.006 now. That's a nice increase. Indeed. 80% ROI in less 2 weeks but what's the next step :) I would buy some shares of SD if it was not so difficult. Title: Re: why this rally? Post by: Chalkbot on January 18, 2013, 04:59:26 PM You'd do well to buy shares of Satoshi dice. Think of it as an investment of an investment. Bitcoins grew in value, and Satoshi dice did too. From 0.0048 - 0.006 now. That's a nice increase. Indeed. 80% ROI in less 2 weeks but what's the next step :) I would buy some shares of SD if it was not so difficult. Bitobsessed, it's actually quite easy if you're not oppossed to using a passthru fund like havelockinvestments.com. Deposit coins, purchase shares. Done. Title: Re: why this rally? Post by: Desolator on January 18, 2013, 04:59:49 PM This seems obvious to me. The supply of BTC dropped from 50 to 25 per block and we're seeing the natural effects of less BTC supply. It stalled for a while but a higher price has to kick in eventually. There was a delay because hoarders and long term investors might see $14.50 off of $12 for the longest time and say "hey, time to sell for a big profit" but eventually they run out of BTC that they're willing to sell so the supply side halving will catch up eventually. That's what's starting to happen.
Title: Re: why this rally? Post by: adamstgBit on January 18, 2013, 05:02:28 PM You'd do well to buy shares of Satoshi dice. Think of it as an investment of an investment. Bitcoins grew in value, and Satoshi dice did too. From 0.0048 - 0.006 now. That's a nice increase. Indeed. 80% ROI in less 2 weeks but what's the next step :) I would buy some shares of SD if it was not so difficult. you can! just go to https://www.havelockinvestments.com/index.php they have a S.DICE market, the shares on their market are convertible to MPEX i think Title: Re: why this rally? Post by: thezerg on January 18, 2013, 06:12:53 PM Its behaving as I expected. The blockchain halving event won't put significant pressure on the price for for some time -- there are just too few coins involved relative to the daily txn size on Mt Gox. However if we assume that the # of coins being sequestered (i.e. taken off the exchange either for long term investment or private exchange use) remains roughly the same then there will clearly be a slight shift to the demand side. But this shift is easily met by speculators taking profits since the price remains pretty good. The result is that a week to a few months from now you end up with a LOT of speculative fiat on the exchanges and so some good news will trigger a cascade of momentum buying :-). The longer the price hangs around at this level (or slowly rises) the bigger the final pop. Title: Re: why this rally? Post by: finkleshnorts on January 18, 2013, 06:22:45 PM I just keep siphoning off the increase to pay bills, it's awesome. I've been living almost exclusively off bitcoin savings since october.
Title: Re: why this rally? Post by: cypherdoc on January 18, 2013, 06:23:43 PM I just keep siphoning off the increase to pay bills, it's awesome. I've been living almost exclusively off bitcoin savings since october. that's actually a pretty cool story. maybe you should start a thread about this in Discussion. Title: Re: why this rally? Post by: StarenseN on January 18, 2013, 06:29:55 PM You'd do well to buy shares of Satoshi dice. Think of it as an investment of an investment. Bitcoins grew in value, and Satoshi dice did too. From 0.0048 - 0.006 now. That's a nice increase. Indeed. 80% ROI in less 2 weeks but what's the next step :) I would buy some shares of SD if it was not so difficult. But it (currently) worth it, I hope ! Title: Re: why this rally? Post by: HDSolar on January 18, 2013, 06:39:27 PM Mega+refunds+ possible ASIC from Avalon. Mega and Avalon hit about the same time according to their clocks. Stay tuned.
Title: Re: why this rally? Post by: Spaceman_Spiff on January 18, 2013, 06:40:32 PM You'd do well to buy shares of Satoshi dice. Think of it as an investment of an investment. Bitcoins grew in value, and Satoshi dice did too. From 0.0048 - 0.006 now. That's a nice increase. Indeed. 80% ROI in less 2 weeks but what's the next step :) I would buy some shares of SD if it was not so difficult. But it (currently) worth it, I hope ! I was considering buying like a month ago, but the 30 BTC mpex buy-in fee is too steep for my taste... That plus I am wondering what is stopping SDice competitors from coming up with a clone site with better odds (maybe some already exist?). So far not the best choice not to buy, but hey, I can live with the decision. Title: Re: why this rally? Post by: jl2012 on January 18, 2013, 07:33:01 PM Recently some people are promoting S.DICE under unrelated topics, which looks quite suspicious to me. Think twice before you jump into this:
1. Anyone with moderate coding skills can copy the SD model easily. It's simply a bot monitoring incoming transactions and creating raw transactions. It won't be surprising if there will be a price war, leading to a huge reduction in profit and increased risks 2. There will be a tx fee increase to deal with SD pollution SD (https://bitcointalk.org/index.php?topic=130450.0) 3. To buy S.DICE on MPEX you need to pay a ridiculous registration fee of 30BTC, let alone the cumbersome commands. Those "passthroughs" is the most risky part as you would never know whether the assets are really backed by real S.DICE. Title: Re: why this rally? Post by: twolifeinexile on January 22, 2013, 02:58:24 PM Recently some people are promoting S.DICE under unrelated topics, which looks quite suspicious to me. Think twice before you jump into this: 1. Anyone with moderate coding skills can copy the SD model easily. It's simply a bot monitoring incoming transactions and creating raw transactions. It won't be surprising if there will be a price war, leading to a huge reduction in profit and increased risks 2. There will be a tx fee increase to deal with SD pollution SD (https://bitcointalk.org/index.php?topic=130450.0) 3. To buy S.DICE on MPEX you need to pay a ridiculous registration fee of 30BTC, let alone the cumbersome commands. Those "passthroughs" is the most risky part as you would never know whether the assets are really backed by real S.DICE. Passthroughs are really multilevel of credit risk, ( in the whole chain, just one default cause you lose every claim you had). |
