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More and more people are switching to bitstamp, and with more money flowing into bitstamp (buyers) the price goes up. Also people have probably figured out a way to arbitrage, which evens out the prices among the exchanges.
i I thought that it is still very hard to withdraw Fiat from mtgox, which should both make arbitrage impossible, and keep the price of bitcoins higher there. Has something changed? Are the Japanese able to get Yen out of mtgox?? If that happened, it would be very interesting! It is only the US who have issues from what I understand. I am fairly certain Japanese residents at least can withdraw without much delay |
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This silence is a good thing. Consolidation is better than rapid upward movements, which lead to even "rapid-er" downward movements
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How bout a link to this great article?  |
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I make 6-7k a month from YouTube (advertisements on my video), so because of this, I have a lot of extra money I can risk.
Just be careful that you don't invest in anything "just because you have a lot of money to risk". Do a bit more research, you can learn quite a bit from this forum, such as why there are discrepancies in prices between exchanges, etc. Investing in BTC is fun and exciting! You may also want to consider having some fiat free on the exchange so you can buy the dips when the price fluctuates downwards. So if I had $7k to invest, I'd buy $5k worth of BTC and keep $2k in fiat ready to buy more. And don't panic when the price does go up and down, just keep cool and you'll be fine  |
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Second Market Bitcoin Investmnt Trust is open to accredited investors, $25k minimum investment
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Anyone know how they calculate Net Asset Value? On the site it says it explained in th private placement memorandum, which you need an account to see.
Typically with ETFs the net asset value is equal to the total value of the fund divided by the number of outstanding and issued shares. Second Market bitcoin invenstment trust issue shares called "BIT's", and 1 BIT share is equal to .1 BTC. Therefore the fund has 590,140 shares issued and outstanding, with total value of $41.9 million, with a $71 NAV |
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Goomboo's Journal is pretty good, discusses using moving averages which are used extensively in forex trading. https://bitcointalk.org/index.php?topic=60501.0But bitcoin is not something that can be traded like fx or stock, in my opinion. For one, there are 3 major exchanges, so each will show different charts and prices. The rules I follow trading bitcoin: buy and hold (day trading isn't worth it), buy when everyone is selling (corrections) and sell when everyone is buying (rallies) |
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Not good with paint, but I guess you get my point.  Is QKOS related to second market? |
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Tick tock, start the clock!  Ready or not, here I come! I am gonna post so great topics, and write so many insightful answers that you are gonna regret getting 4 hours less quality content out of me Lol |
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More and more people are switching to bitstamp, and with more money flowing into bitstamp (buyers) the price goes up. Also people have probably figured out a way to arbitrage, which evens out the prices among the exchanges.
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Great explanation of wallets found here http://bitcoin.org/en/choose-your-walletBut they don't explain paper wallets, which can be the safest. From bitcoin wiki http://blockchain.info/wallet/paper-tutorial: "A paper wallet is a way to store Bitcoins that involves printing the Bitcoin addresses and private keys directly on a piece of paper. When done properly, paper wallets are one of the safest ways possible to store Bitcoins." There are tons of resources and videos to show you how to manage your wallet, many here on the forum or try google And I'd recommend looking at alternative exchanges than MtGox, depending on where you live. Mtgox is very difficult to get funds out of. Search the forum for recommended exchanges Good luck! |
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Nice! Would it be difficult to add a field where you can enter a number of BTC to get a total profit? Do you have plans to add other exchanges? This is great work |
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Perfect thread for a first post  |
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