|
Title: Bitcoin Value Hits $133 for the first time since May 26th Post by: cryptocoinsnews on August 27, 2013, 01:33:28 PM After an insane 13k+ BTC buy (~$1.5+ million USD) on Mt. Gox, Bitcoin’s value has skyrocketed to $133 for the first time since May 26th, 2013.
BitcoinAverage’s value (including Bitstamp, BTC-E, and others) is now at $127+, seen here: http://www.cryptocoinsnews.com/2013/08/27/bitcoin-value-hits-133-for-the-first-time-since-may-26th/ Title: Re: Bitcoin Value Hits $133 for the first time since May 26th Post by: areebmajeed on August 27, 2013, 02:02:47 PM After an insane 13k+ BTC buy (~$1.5+ million USD) on Mt. Gox, Bitcoin’s value has skyrocketed to $133 for the first time since May 26th, 2013. Awesome!BitcoinAverage’s value (including Bitstamp, BTC-E, and others) is now at $127+, seen here: http://www.cryptocoinsnews.com/2013/08/27/bitcoin-value-hits-133-for-the-first-time-since-may-26th/ Title: Re: Bitcoin Value Hits $133 for the first time since May 26th Post by: cryptocoinsnews on August 27, 2013, 03:28:27 PM After an insane 13k+ BTC buy (~$1.5+ million USD) on Mt. Gox, Bitcoin’s value has skyrocketed to $133 for the first time since May 26th, 2013. Awesome!BitcoinAverage’s value (including Bitstamp, BTC-E, and others) is now at $127+, seen here: http://www.cryptocoinsnews.com/2013/08/27/bitcoin-value-hits-133-for-the-first-time-since-may-26th/ Title: Re: Bitcoin Value Hits $133 for the first time since May 26th Post by: elor70 on August 27, 2013, 03:40:19 PM its 118 now :(
Title: Re: Bitcoin Value Hits $133 for the first time since May 26th Post by: crazy_rabbit on August 27, 2013, 03:42:16 PM Title: Re: Bitcoin Value Hits $133 for the first time since May 26th Post by: zoinky on August 27, 2013, 04:27:01 PM Crazy thing is, you both are correct. Title: Re: Bitcoin Value Hits $133 for the first time since May 26th Post by: Rygon on August 27, 2013, 04:59:10 PM Crazy thing is, you both are correct. :o Schrödinger's Bitcoin? Title: Re: Bitcoin Value Hits $133 for the first time since May 26th Post by: cryptocoinsnews on August 27, 2013, 07:14:54 PM lol
Title: Re: Bitcoin Value Hits $133 for the first time since May 26th Post by: bitcon on August 27, 2013, 09:08:25 PM 118 on bitstamp he means. i always wonder why people do large buys. if they made several smaller buys, they could probably get more coins.... unless this is an attempt at manipulation.
Title: Re: Bitcoin Value Hits $133 for the first time since May 26th Post by: smoothie on August 27, 2013, 09:59:20 PM To be safe I always pick the lower value. Title: Re: Bitcoin Value Hits $133 for the first time since May 26th Post by: Singlebyte on August 27, 2013, 10:05:29 PM To be safe I always pick the lower value. Mentally, I pick the highest exchange rate (MtGox) for knowing what my BTC is worth and look at the lowest going rate when I want to buy! ::) Title: Re: Bitcoin Value Hits $133 for the first time since May 26th Post by: smoothie on August 27, 2013, 11:21:43 PM To be safe I always pick the lower value. Mentally, I pick the highest exchange rate (MtGox) for knowing what my BTC is worth and look at the lowest going rate when I want to buy! ::) You consider the exchange's solvency when considering exchanging BTC for fiat? Title: Re: Bitcoin Value Hits $133 for the first time since May 26th Post by: theDF on August 27, 2013, 11:28:02 PM After an insane 13k+ BTC buy (~$1.5+ million USD) on Mt. Gox, Bitcoin’s value has skyrocketed to $133 for the first time since May 26th, 2013. BitcoinAverage’s value (including Bitstamp, BTC-E, and others) is now at $127+, seen here: http://www.cryptocoinsnews.com/2013/08/27/bitcoin-value-hits-133-for-the-first-time-since-may-26th/ Nice :D Title: Re: Bitcoin Value Hits $133 for the first time since May 26th Post by: Singlebyte on August 27, 2013, 11:31:33 PM To be safe I always pick the lower value. Mentally, I pick the highest exchange rate (MtGox) for knowing what my BTC is worth and look at the lowest going rate when I want to buy! ::) You consider the exchange's solvency when considering exchanging BTC for fiat? Lol...of course... Title: Re: Bitcoin Value Hits $133 for the first time since May 26th Post by: teukon on August 28, 2013, 01:26:44 AM BitcoinAverage’s value (including Bitstamp, BTC-E, and others) is now at $127+, seen here: The volume-weighted average of the reasonably functional BTC-USD exchanges would be more instructive. Including Mt. Gox (i.e. assuming that 1 Mt. Gox USD has a value equal to that of 1 USD) in a calculation of "BitcoinAverage" is misleading. Title: Re: Bitcoin Value Hits $133 for the first time since May 26th Post by: smoothie on August 28, 2013, 02:02:10 AM To be safe I always pick the lower value. Mentally, I pick the highest exchange rate (MtGox) for knowing what my BTC is worth and look at the lowest going rate when I want to buy! ::) You consider the exchange's solvency when considering exchanging BTC for fiat? Lol...of course... So you base your worth on an exchange value of an exchange that may be insolvent? May as well be playing monopoly or using a demo MT4 trading account. Title: Re: Bitcoin Value Hits $133 for the first time since May 26th Post by: viboracecata on August 28, 2013, 03:12:05 AM Who is the biggest buyer?
Title: Re: Bitcoin Value Hits $133 for the first time since May 26th Post by: Singlebyte on August 28, 2013, 04:01:06 AM To be safe I always pick the lower value. Mentally, I pick the highest exchange rate (MtGox) for knowing what my BTC is worth and look at the lowest going rate when I want to buy! ::) You consider the exchange's solvency when considering exchanging BTC for fiat? Lol...of course... So you base your worth on an exchange value of an exchange that may be insolvent? May as well be playing monopoly or using a demo MT4 trading account. Have no clue where you are coming up with that??? Sounds more argumentive then anything. Since I don't intend on selling for a really long time, it is irrelevant what exchanges exist today or what their financial stability is. Whenever I am ready to exchange BTC for fiat then I would of course consider those factors. I just mentioned that I mentally look at the highest price when I evaluate my own BTC portfolio. It would be sorta foolish to look at the cheapest rate. I only look at cheapest rates when buying gas....thats because I intend to purchase it within the week. Title: Re: Bitcoin Value Hits $133 for the first time since May 26th Post by: thefunkybits on August 28, 2013, 04:38:47 AM I really am unsure of where the price is headed short term.
A buy volume chart of all exchanges would be a key indicator, but this info seems hard to find. I cant wait for BTC's future and proper trading platforms/tools Title: Re: Bitcoin Value Hits $133 for the first time since May 26th Post by: payb.tc on August 28, 2013, 04:42:40 AM i always wonder why people do large buys. maybe from the buyer's perspective, it was a small buy, because maybe they don't want to spend their 15 million all at once Title: Re: Bitcoin Value Hits $133 for the first time since May 26th Post by: smoothie on August 28, 2013, 05:10:42 AM To be safe I always pick the lower value. Mentally, I pick the highest exchange rate (MtGox) for knowing what my BTC is worth and look at the lowest going rate when I want to buy! ::) You consider the exchange's solvency when considering exchanging BTC for fiat? Lol...of course... So you base your worth on an exchange value of an exchange that may be insolvent? May as well be playing monopoly or using a demo MT4 trading account. Have no clue where you are coming up with that??? Sounds more argumentive then anything. Since I don't intend on selling for a really long time, it is irrelevant what exchanges exist today or what their financial stability is. Whenever I am ready to exchange BTC for fiat then I would of course consider those factors. I just mentioned that I mentally look at the highest price when I evaluate my own BTC portfolio. It would be sorta foolish to look at the cheapest rate. I only look at cheapest rates when buying gas....thats because I intend to purchase it within the week. The highest number price may not be in fact the highest real value to use when validating your net worth. My previous post was questioning your logic given you brought up mtgox as having the highest price without mentioning whether or not you believe they are solvent or not. I can't prove that gox is insolvent, but their shady business practices say otherwise. Much like I wouldn't validate my hash rate and ROI based on BFL's new monarch card which has yet to exist in the real world in its hash rate as well as just existing for a customer to touch. Just because someone posts a value they are buying or selling at does not mean that is an actual value you can cash out at. eBay is a good example of this. |