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Title: why we need the price to go up to be more decentralised Post by: wonkytonky on May 26, 2013, 09:07:27 AM my first own topic don't shoot me :) all is written imho.
the only site where it's worth trading +1000btc trades is gox. nobody likes it but it's the truth. how do you want semi rich guys to enter bitcoin world with gox(dwolla shizzle and so on) as only place to trade these volumes(in dollar). if price would go up. like 1000$/btc it would be worth it, for bigger players to trade on bitstamp or any other exhange. If you buy 1000btc on bitstamp now.. you can.. but there's no support in bidoffers in case you need some cashing out. on gox there is. so if coins become realy expensive this problem should not be there for bigger players which will invite even bigger players on more decentralized exchanges. today the price is what the big players make it to be..on gox you can move price up or down if you have 4k coins to play with. 4k is not THAT much in terms of real hedgefunds guys, or ceo's who earn a few million eur/usd a year. (i'm talking to a few of them :) to get them into bitcoin btw hehe and some are interested to put some of their "play money" into it.) - I realy like the decentralisation.. less manipulation for cheap coins.. it's much more difficult to do so.. So price will rise more with more decentralisation. what's your thoughts on this.. Title: Re: why we need the price to go up to be more decentralised Post by: Zangelbert Bingledack on May 26, 2013, 09:18:17 AM Yes. Decentralization and price rise are mutually reinforcing, one of many virtuous cycles in the Bitcoin world.
Title: Re: why we need the price to go up to be more decentralised Post by: 600watt on May 26, 2013, 01:51:37 PM very well stated.
just imagine a bitcoin world with dozens of professional decent high volume exchanges. if the price goes up (and it will) we will get those. canīt wait. Title: Re: why we need the price to go up to be more decentralised Post by: WishIStartedSooner on May 26, 2013, 02:25:58 PM Speaking as someone who is not rich I think there is a silver lining to this logic.
If the low price prevents the wealthy from buying in, then that keeps the price lower for me to buy in deeper until my money and the money of others like me has brought the value to a level where the rich can start buying in. That works out just perfect. Title: Re: why we need the price to go up to be more decentralised Post by: 600watt on May 26, 2013, 03:05:53 PM Speaking as someone who is not rich I think there is a silver lining to this logic. If the low price prevents the wealthy from buying in, then that keeps the price lower for me to buy in deeper until my money and the money of others like me has brought the value to a level where the rich can start buying in. That works out just perfect. lol, i like your thought: i decided to invest relatively big after the recent crash. but takes forever to get funds ready. i will finally have done it in about a week or so. THEN it can skyrocket. not before. no. Title: Re: why we need the price to go up to be more decentralised Post by: zakalwe on May 26, 2013, 03:16:49 PM Nice thought, I agree. Trade hill Prime should get online just as answer to big investor need, isn't it? When will they do it? I read something about but I'm too lazy to check again ;D
Title: Re: why we need the price to go up to be more decentralised Post by: wonkytonky on May 27, 2013, 08:08:34 AM I requested an account there 2 times.. at tradehill.. no answers or replies.. anyone else got in?.. what are the volumes there?..
or is it not open yet?.. seems there are some trades going on .. looking at the website. |