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Title: Bitcoin goes up slowly Post by: eXme on December 10, 2013, 08:27:32 AM the reason is why so slowly, because industrial btc owners (knc, terra, bitmine, bfl, etc..) doesn't helping. so there is the difference between mortal (as we are simple users) people, when it goes up slowly. bei immortals like knc, terra, bfl, etc.. it goes in 5 days 1000% up. the advantage when the mortals are trading is the stability of the currency it wont popup 20% up and down.. you can take the grow rate right now (8.Dec.2013-10.Dec.2013) and calculate how much BTC going to cost in 2 years with circa 10%-20% accuracy.
Title: Re: Bitcoin goes up slowly Post by: empoweoqwj on December 10, 2013, 08:37:52 AM any chance of rewriting that in a way people can understand the point you are trying to make ... when has it "goes in 5 days 1000% up" for instance? Who are these immortals you speak of? :)
"you can take the grow rate right now and calculate what it will cost in 2 years with circa 10%-20% accuracy" did google translate write this for you? Its hard to tell. What is the "grow rate right now"??? Title: Re: Bitcoin goes up slowly Post by: deed02392 on December 10, 2013, 09:27:48 AM the reason is why so slowly, because industrial btc owner doesnt helping. so there is the difference between mortal people when it goes high slowly and immortal as knc, terra, etc.. when it goes in 5 days 1000% up. the advantage when mortals trading is the stability of the currency it wont popup 20% up and down.. you can take the grow rate right now and calculate what it will cost in 2 years with circa 10%-20% accuracy. My attempt at a re-write: Bitcoin is rising slowly The reason it's rising slowly is because rather than big investors pumping the currency, only ordinary people are currently buying. The advantage of this is we can more accurately determine the true grow rate of value if we only consider ordinary people buying, selling and trading goods. The net result is more stability of the currency and more confidence from further ordinary people. Title: Re: Bitcoin goes up slowly Post by: eXme on December 10, 2013, 09:51:15 AM any chance of rewriting that in a way people can understand the point you are trying to make ... when has it "goes in 5 days 1000% up" for instance? Who are these immortals you speak of? :) "you can take the grow rate right now and calculate what it will cost in 2 years with circa 10%-20% accuracy" did google translate write this for you? Its hard to tell. What is the "grow rate right now"??? hey ive just woke up with a headaches.. ??? 8) fking old whisky... Title: Re: Bitcoin goes up slowly Post by: zimmah on December 10, 2013, 11:48:25 AM Slowly? We are growing several percent a week, most stocks have trouble getting a couple of percents a year.
I wouldn't really call it slow. Title: Re: Bitcoin goes up slowly Post by: minime on December 10, 2013, 03:27:17 PM bloomberg has a 12 day bitcoin episode running where they show what btc is and how to use it....
Title: Re: Bitcoin goes up slowly Post by: Paashaas on December 10, 2013, 07:14:32 PM BTC at 1000 ;)
Title: Re: Bitcoin goes up slowly Post by: cr1776 on December 10, 2013, 07:27:26 PM Slowly? We are growing several percent a week, most stocks have trouble getting a couple of percents a year. I wouldn't really call it slow. Perhaps OP meant slowly in comparison to recent trends. ;-) But I agree, compared to stocks, it is certainly not "slow". Title: Re: Bitcoin goes up slowly Post by: empoweoqwj on December 11, 2013, 12:50:36 AM the reason is why so slowly, because industrial btc owner doesnt helping. so there is the difference between mortal people when it goes high slowly and immortal as knc, terra, etc.. when it goes in 5 days 1000% up. the advantage when mortals trading is the stability of the currency it wont popup 20% up and down.. you can take the grow rate right now and calculate what it will cost in 2 years with circa 10%-20% accuracy. My attempt at a re-write: Bitcoin is rising slowly The reason it's rising slowly is because rather than big investors pumping the currency, only ordinary people are currently buying. The advantage of this is we can more accurately determine the true grow rate of value if we only consider ordinary people buying, selling and trading goods. The net result is more stability of the currency and more confidence from further ordinary people. Many thanks for the rewrite :) Its certainly true that there are a lot of "whales" e.g. miners and early adopters that have lots of coins to sell. They aren't going to sell 2 at a time, so when they do sell on an exchange, the price will be affected. There are also now traders with large amounts of coins to trade. But there is no way to separate these out from "normal" people. .... the price is the price. That's all there is to it I'm afraid. Title: Re: Bitcoin goes up slowly Post by: Sindelar1938 on December 11, 2013, 01:37:44 AM This is a temporary lull actually
The up moves in price will always tend to happen very rapidly.. Title: Re: Bitcoin goes up slowly Post by: Kenshin on December 11, 2013, 01:40:18 AM any chance of rewriting that in a way people can understand the point you are trying to make ... when has it "goes in 5 days 1000% up" for instance? Who are these immortals you speak of? :) "you can take the grow rate right now and calculate what it will cost in 2 years with circa 10%-20% accuracy" did google translate write this for you? Its hard to tell. What is the "grow rate right now"??? hey ive just woke up with a headaches.. ??? 8) fking old whisky... You should have another shot of whisky before you write next time. ;) Title: Re: Bitcoin goes up slowly Post by: empoweoqwj on December 11, 2013, 01:41:38 AM This is a temporary lull actually The up moves in price will always tend to happen very rapidly.. I love these "lulls" after a correction. Nice bit of sideways movement, low volume, for a week or two, then ... BOOM@!!! |