Bitcoin Forum

Economy => Speculation => Topic started by: Zarathustra on February 14, 2014, 08:40:00 AM



Title: These days, the REAL bitcoin price is this one
Post by: Zarathustra on February 14, 2014, 08:40:00 AM
http://bitcoincharts.com/charts/chart.png?width=940&m=localbtcUSD&SubmitButton=Draw&r=&i=&c=0&s=&e=&Prev=&Next=&t=W&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=0&cv=0&ps=0&l=0&p=0&

These are real coins.


Title: Re: These days, the REAL bitcoin price is this one
Post by: hostmaster on February 14, 2014, 08:41:52 AM
Silence before storm


Title: Re: These days, the REAL bitcoin price is this one
Post by: TERA on February 14, 2014, 08:44:06 AM
It's doing 200btc of volume per day...


Title: Re: These days, the REAL bitcoin price is this one
Post by: Zarathustra on February 14, 2014, 08:52:29 AM
It's doing 200btc of volume per day...

No problem. Everyone who wants to trade real coins is able to do it here. The trades at gox and stamp are IOU-trades only.


Title: Re: These days, the REAL bitcoin price is this one
Post by: ShroomsKit_Disgrace on February 14, 2014, 08:59:13 AM
"Also sprach Zarathustra"


Title: Re: These days, the REAL bitcoin price is this one
Post by: billyjoeallen on February 14, 2014, 08:59:59 AM
It's doing 200btc of volume per day...

No problem. Everyone who wants to trade real coins is able to do it here. The trades at gox and stamp are IOU-trades only.

Just sold $1600 worth at $735 on localbitcoins!


Title: Re: These days, the REAL bitcoin price is this one
Post by: TERA on February 14, 2014, 09:03:44 AM
It's doing 200btc of volume per day...

No problem. Everyone who wants to trade real coins is able to do it here. The trades at gox and stamp are IOU-trades only.
My bitfinex withdrawal is just fine and the volume is at least 100 times that of localbitcoins.


Title: Re: These days, the REAL bitcoin price is this one
Post by: tutkarz on February 14, 2014, 09:11:14 AM
It's doing 200btc of volume per day...

No problem. Everyone who wants to trade real coins is able to do it here. The trades at gox and stamp are IOU-trades only.
My bitfinex withdrawal is just fine and the volume is at least 100 times that of localbitcoins.

how much of this is made by bots?


Title: Re: These days, the REAL bitcoin price is this one
Post by: TERA on February 14, 2014, 09:15:04 AM
It's doing 200btc of volume per day...

No problem. Everyone who wants to trade real coins is able to do it here. The trades at gox and stamp are IOU-trades only.
My bitfinex withdrawal is just fine and the volume is at least 100 times that of localbitcoins.

how much of this is made by bots?
Who knows. But at 200 coins of volume per day, it would take approximately 180 years to move all of the bitcoins. Localbitcoins can't possibly set the price. And if someone wants to transact any significant amount of bitcoins they can't. It's too thin, too risky, and the liquidity isn't there.

The prices there are the price of convenience and desperation.


Title: Re: These days, the REAL bitcoin price is this one
Post by: Zarathustra on February 14, 2014, 10:01:04 AM
It's doing 200btc of volume per day...

No problem. Everyone who wants to trade real coins is able to do it here. The trades at gox and stamp are IOU-trades only.
My bitfinex withdrawal is just fine and the volume is at least 100 times that of localbitcoins.

how much of this is made by bots?
Who knows. But at 200 coins of volume per day, it would take approximately 180 years to move all of the bitcoins. Localbitcoins can't possibly set the price.

I'm not sure. Is paper-gold trading setting the price of Gold or is it the thin volume of real coin buying/selling?