What will we see first: 500goxusd or 3000btccny? And what will fall first?
My bets are on the chinese.
I think so too. Ask wall after 3000 CNY is very low by the way, but hey, looking at walls is like reading tea leaves i guess. I thought you were short? Me? No way. The only big mistake I made was selling too much coins this summer hoping for 'final capitulation of bubble deflation' and more cheap coins. Thus, I would have appreciated a serious dip prior to this runup, but I still have enough coins to make this price appreciation a pleasant experience  . |
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What will we see first: 500goxusd or 3000btccny? And what will fall first?
My bets are on the chinese.
I think so too. Ask wall after 3000 CNY is very low by the way, but looking at walls is like reading tea leaves i guess. |
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Price is enough incentive.
I have not a lot of them but I will certainly sell them (not all at once) when it is really be "life changing" for me.
Unfortunalty it will not happen before 10/50k per coin...
+1 |
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3 December 2013.
I would guess earlier, but then my vote would be invalid because of '15 days' rule.
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A credible assassination market would clean up politics.
Yes, when people disagree with each other they should just kill each other off...  |
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Gotta love it when he goes *REAL DOLLARS* *REAL MONEY*
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Hello everyone, First, yes I'm aware of the auto-renew issue, I have not taken care of as we're still waiting for the upgrade to come in. Secondly, the upgrade of the platform has been delayed to Monday. Sorry, one week-end of slowness still. To finish, the "No BTC reserve" problem was related to a miscommunication with Bitstamp API, not actually low reserve of BTC That's all for now, have all a good week-end Raphael Bitfinex team Thanks for the update Raphy, don't forget to take a good night's sleep now and then, I can imagine that managing a rapidly growing business is quite time-consuming. |
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Why does everyone keep saying it's stagnant?
Does not one have a memory span long enough to remember the couple of months at 100-140?
Or the year or so after the 2011 crash at less than a few dollars?
It DOUBLED in the last two weeks and retraced along the way....this is NOT stagnant.
Depends on your timeframe I guess, he was probably talking from a daytraders perspective. |
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I don't trade on traditional markets, so I'm just wondering the following. Take for instance Google stock, right now it's floating around 1000$. I can't imagine the Google stock has the same shitty market depth bitcoin has, e.g. 1000 bitcoins (or 1000 shares) dropping the price by 40$. Why is it that bitcoin has such bad market depth? The price keeps going up but a few big dumps could drop the price back to the low 300's. I can't imagine the same thing happening to Google stock.
Because bitcoin has the capacity for both much more growth, as well as the possibility that it tanks overnight . Auctually the volume needed to sustain a given price level is based on bitcoins, not dollars. If the price is four times higher than there needs to be four times as much usd volume, which is the same amount of bitcoin volume.
There is no volume needed to sustain a certain price. If nobody buys, and nobody sells, prices stay stable. |
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I don't trade on traditional markets, so I'm just wondering the following. Take for instance Google stock, right now it's floating around 1000$. I can't imagine the Google stock has the same shitty market depth bitcoin has, e.g. 1000 bitcoins (or 1000 shares) dropping the price by 40$. Why is it that bitcoin has such bad market depth? The price keeps going up but a few big dumps could drop the price back to the low 300's. I can't imagine the same thing happening to Google stock.
Traditional markets lie. They let people trade with assets they don't actually have. Soon enough, Wall Street will get involved and play fractional reserve games with Bitcoin trading. When that happens just remember - only bitcoins that are in a wallet whose private keys you exclusively control are real. Everything else is just promises back by (potentially) nothing at all. The beauty of bitcoin is that it is so easy to take "physical" possession of your coins. Fractional reserve games can be dismantled very quickly when there is distrust. |
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And here we go. My prediction; large sell off ($350) followed by a prop up the market buy ($400) then massive sell to shake the weak hands and get their coins cheap ($215)
Called this yesterday. great call !  |
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If you know could know exactly when bitstamp would come back online to bitfinex then it would make for a great shorting opportunity.
I would do arbitraging instead of shorting, but hardly worth it due to trading fees. Percentagewise the price difference is still small. I have seen up to a 10% difference when it happens. oh, ok |
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If you know could know exactly when bitstamp would come back online to bitfinex then it would make for a great shorting opportunity.
I would do arbitraging instead of shorting, but hardly worth it due to trading fees. Percentagewise the price difference is still small. |
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https://bitfinex.com/exchange"Bitcoin last price: $441.2500" "Not enough USD reserve on Bitstamp, you cannot buy on Bitstamp at the moment" when do their deposits make it to bitstamp??? sell to coinbase price @ $440 (minus 1% fee) they make deposits all the time, but can't keep up with demand. I reckon you'll have to wait till monday for the next batch. |
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Put it in bitcoin discussion or some place like that. The press section is reserved for articles that specifically mention bitcoin.
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And here we go. My prediction; large sell off ($350) followed by a prop up the market buy ($400) then massive sell to shake the weak hands and get their coins cheap ($215)
Called this yesterday. ... We didn't even go below $400 (yet?). Don't you think it is a little early to start bear-boasting? |
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You are obviously a smart kid, but you did an irresponsible thing. If your parents find out you used their hard-earned money to bet on a highly speculative asset, they will be FURIOUS.
I think you realize this, and thats why you started this thread, in which you only want to hear "good job kid" "smartest choice of your life" etc., so you can feel good about your choice and hide away the doubt and uncertainty. Be honest to yourself and admit this. If you only wanted the honest opinion of other people around you, you wouldn't have added " no lectures please". You are just here to make yourself feel good.
Now about the choice to buy BTC, that may or may not be the smartest choice of your life. I, like most people here am very bullish on bitcoin, so its entirely possible that this bet pays off very nicely. The reason why so many posters are patting you on the back is because they feel certain that bitcoin will rise, so they believe strongly that you made a good move. But realize that you are in the speculation subforum of an asset with huge volatility. The people here (myself included) have a huge risk-tolerance, and a lot of them probably like gambling. Thus you should take into account that what somebody here considers to be "normal" risk-taking, does not correspond to what the average person believes is "normal".
I sympathize with the dilemma of being a young person without (significant) money of your own, and seeing an opportunity like this (or what we believe to be a huge opportunity), knowing your parents wouldn't go along with it. You definitely have balls, I'll give you that.
But the responsible thing to do imho would be to go wash cars, mow lawns etc., and use that money to buy bitcoin (although I understand that you couldn't raise a large amount of money quickly that way). At the very least start earning some money that way to repay your parents if the bitcoin bet goes wrong.
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To me, this thread is the equivalent of a bar. Except the bar is filled with people who love to talk about bitcoin . Come here often? Yes, why? |
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