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Title: 10 EU vs 10 USD Post by: cbeast on July 09, 2011, 03:57:38 PM Bitcoin has dropped occasionally down to 10 USD, but is remaining stable around 10 EU. Is 10 a psychosocial number for BTC? If this is a trend, then why is it significant? What other numbers will be significant?
Title: Re: 10 EU vs 10 USD Post by: LokeRundt on July 09, 2011, 07:49:22 PM Bitcoin has dropped occasionally down to 10 USD, but is remaining stable around 10 EU. Is 10 a psychosocial number for BTC? If this is a trend, then why is it significant? What other numbers will be significant? Yah whaa? Been well above 13USD all today while I've checked it. Title: Re: 10 EU vs 10 USD Post by: sturle on July 09, 2011, 08:03:13 PM Bitcoin has dropped occasionally down to 10 USD, but is remaining stable around 10 EU. Is 10 a psychosocial number for BTC? If this is a trend, then why is it significant? What other numbers will be significant? Yah whaa? Been well above 13USD all today while I've checked it.Title: Re: 10 EU vs 10 USD Post by: evoorhees on July 11, 2011, 12:46:44 AM All round numbers are psychological barriers in both directions.
$14 will always be more of a barrier than $14.30. And the same with euros... The relative resistances of these barriers are unknowable and irrelevant over the long term. Title: Re: 10 EU vs 10 USD Post by: Gabi on July 11, 2011, 10:20:33 AM Bitcoin has dropped occasionally down to 10 USD, but is remaining stable around 10 EU. Is 10 a psychosocial number for BTC? If this is a trend, then why is it significant? What other numbers will be significant? Yah whaa? Been well above 13USD all today while I've checked it.Title: Re: 10 EU vs 10 USD Post by: teukon on July 11, 2011, 05:46:07 PM One should also be aware that, given sufficient data, it is usually easy to find any pattern you are looking for.
Title: Re: 10 EU vs 10 USD Post by: infested999 on July 11, 2011, 06:51:23 PM I hope that after year or so the price will be steady at $10/BTC so that people can easily convert the exchange rate in their head when their talking to someone else.
Title: Re: 10 EU vs 10 USD Post by: Kais on July 11, 2011, 08:23:48 PM it's just waiting for a big opportunity. people are saving them, not spending them on much of anything. it will pick up when Steve Jobs integrates it into iOS. then it will be worth millions
Title: Re: 10 EU vs 10 USD Post by: cbeast on July 11, 2011, 11:34:11 PM it's just waiting for a big opportunity. people are saving them, not spending them on much of anything. it will pick up when Steve Jobs integrates it into iOS. then it will be worth millions I'm waiting for Android users to have POS systems that allow easy and secure transactions. Steve Jobs will adapt it as *his* idea after it shows how profitable it is. He'll then add an "I" or "Mac" to his bitcoin app and market it to the trendy suburban boutiques.Title: Re: 10 EU vs 10 USD Post by: cbeast on July 13, 2011, 11:25:05 PM So we are still rockin' steady at 10 EU. I expect it will stay here until the large caches are sold off and people start using them in some trendy, but legal fashion. It may take months or years for hoarders to finally loosen their grip and set bitcoin free to find its place in the global economy.
Title: Re: 10 EU vs 10 USD Post by: anu on July 14, 2011, 01:19:38 PM Bitcoin has dropped occasionally down to 10 USD, but is remaining stable around 10 EU. Is 10 a psychosocial number for BTC? If this is a trend, then why is it significant? What other numbers will be significant? I was also fooled by this and tried some arbitrage business. Doesn't work well because the market depth in, like, bitmarket.eu is just too small. Try selling BTC 1000 there. -Anu Title: Re: 10 EU vs 10 USD Post by: cbeast on July 27, 2011, 09:18:26 AM It probably will plateau again when the next stage of speculators jumps in. I suspect it will get to 100 EU and hold there around first quarter 2012, but it has been holding fairly steady at 10 EU (+or-1) for several weeks.
Title: Re: 10 EU vs 10 USD Post by: NetTecture on July 27, 2011, 10:25:43 AM Fop all of us who mine that would bea godsent present ;) WOuld definitely help me payfor all the stuf I am ordering now ;)
Title: Re: 10 EU vs 10 USD Post by: checkmate on July 27, 2011, 10:43:58 AM It probably will plateau again when the next stage of speculators jumps in. I suspect it will get to 100 EU and hold there around first quarter 2012, but it has been holding fairly steady at 10 EU (+or-1) for several weeks. Seriously? :D :D :D Title: Re: 10 EU vs 10 USD Post by: cbeast on July 27, 2011, 11:32:40 AM It probably will plateau again when the next stage of speculators jumps in. I suspect it will get to 100 EU and hold there around first quarter 2012, but it has been holding fairly steady at 10 EU (+or-1) for several weeks. Seriously? :D :D :D nice tag Title: Re: 10 EU vs 10 USD Post by: checkmate on July 27, 2011, 02:59:49 PM It probably will plateau again when the next stage of speculators jumps in. I suspect it will get to 100 EU and hold there around first quarter 2012, but it has been holding fairly steady at 10 EU (+or-1) for several weeks. Seriously? :D :D :D nice tag I can haz bidcoinz nao? Title: Re: 10 EU vs 10 USD Post by: Jack of Diamonds on July 28, 2011, 12:46:16 AM Well noticed. Without looking at in-depth charts, I don't think I've ever seen BTC/€ significantly under 10 euros. In the low 9's but that's it.
Miners probably are reluctant to sell below that price point, there is no rational reason why it didn't plunge down to 7€ back when prices plummeted to $10.25 |