Because while it may appear obvious to you that more people are buying than selling, that may not be the case in fact. Oh, it is the fact. No doubt about that. Market doesn't care if it is a single person buying 10000 bitcoins or 1000 persons buying 10 bitcoins each. From market point of view there is no difference whatsoever. For instance, that 1 person buying 10000 bitcoins might be a hedge fund manager that represents 1000 shareholders. Prove it. How many buyers were there today? How many sellers? If it is so obvious and the fact is not even in question, you'll easily be able to answer this. |
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No. If I buy a coin that nobody sold, where did it come from? Did I say that nobody sold you this coin? What I do say is that more people are buying bitcoins than those selling bitcoins! That does not mean that everybody that wanted to buy bitcoins have succeeded in buying! The price moved up to balance the supply/demand equation! Why is so hard for you to understand something quite obvious? Because while it may appear obvious to you that more people are buying than selling, that may not be the case in fact. The market could be comprised of 1 buyer and 10,000 sellers, or vice versa, and the charts might look exactly the same in either case to what we've seen recently. You, quite simply, either do not know what you're talking about, or are unable to express yourself properly. |
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With BTC value behaving like it is, I'll bet there's a lot of ppl doing the same thing right now (selling for fiat). Your bet is wrong. Again. There are much more ppl buying bitcoins than ppl selling bitcoins. This is why bitcoin price is going up, not down! Were more hot dogs bought or sold in New York today? Think carefully... |
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Sure... I could understand that for a few days. But 11 days and counting? That doesn't make much sense.
Welcome to our world. |
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Mine also hit this morning.
BTW - For those idiots who are complaining that they should get the same # of BTC back...
NOV 25 NOV 26 BTCFPGA 3155140269 NY Foreign Currency¯USD 2,229.98 Exchange rate¯1.023363 $2,282.08
Jan 12, 2013 BTCFPGA 3155140269 NY 2229.98 USD @ .9566 2,133.36
This is the standard for any exchange between currencies.
That's a bit much. According to some earlier posts, they didn't receive the BTC through a payment processor, and it wasn't converted to USD. So by refunding a smaller portion, they're profiting off of their failure to deliver the purchased products as promised. I certainly don't think anyone who wants all their BTC back is an "idiot." Even if that was the case, they won't be profiting off their failure to deliver, they would be profiting off their choice to keep BTC as opposed to selling it, and benefiting from the appreciation of their asset in the mean time. If one were a scammer, it would be a good plan. Start a company that accepts BTC. Depending on how the market goes, the seller will either be returning fewer BTC (the market went up and the seller gives back the $ equivalent in BTC) or returning an equal amount of BTC (the market went down and the seller just gives what he has, without profiting). In no event does the seller give back more than he took in, and in a bull market, he gives back much less than what he took in. I'm not saying that this is what happened... but one always needs to be vigilant. |
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He sold it to... the Asians... is this guy serious?
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Hmmm, your reading comprehension appears to be a little challenged here. A simplified summation of my (intentionally sarcastic) over-elaborate description is, in fact, thus: you can't change the order that events take place once they've already happened (particularly to support bullying cowards who are not even very talented at it). Causal relationships were not even hinted at.
It's helpful to us all if you've actually understood what you're reading before you comment on it. Thank you for your interest, however.
So the historical order of events doesn't change... Wow... How profound. And I took, or mistook, your other statements regarding BFL and Avalon zealots to be a statement on one being caused by the other, a slight change from the stated story, the other causing the one, which was the point of your critique. The only thing I'm really telling you is, your writing style is as distasteful as battery acid. |
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Time takes place in a sequence, and it's a necessity of this logical construct that each individual partition of these arbitrarily divided moments can only ever be sensibly referenced such that the placement of one event in the sequence is permanent and unchanging.
So causes happen before effects... Let me guess, you're first in your junior college? |
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I dont want to offend. It just a trader saying. Man who enters market with emotions, without any strong support of technicial fundamentals marks - he is just fresh meat for big players owning complex situation on market.
And the difference between technical analysis and crystal ball gazing is? You might be able to do TA without much emotion, but if history is any guide, you'll also be doing it with no more accuracy than a flipping coin. |
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In the BFL tradition... Can you please prove you have a hat? I would like to see pictures of your working prototype hat if you do not yet have the final hat design.
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BFL says someone else will have delays? Seems spurious...
Well Avalon just announced a "potential" delay. Doesn't seem like BFL was too far off. It just seems like BFL has a backpedal mode that always looks the same - "The other guys have delays too... or might have delays... why are you all up in our face about ours?" I just don't think that BFL has any room to speak of any delays from the other companies. BFL is reigns supreme as the ASIC delay champion. I hope that title does not continue, but it looks as though it will for the foreseeable future. well - one would assume if they didn't go into "defensive/look at them delaying too" mode that the refund door may receive more traffic.. That could be the case, but then they are already walking a fine line between not offering refunds until after January 1st, 2013 and offering to refund anyone who wants one because after all, they didn't use any preorder money to fund this venture. |
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BFL says someone else will have delays? Seems spurious...
Well Avalon just announced a "potential" delay. Doesn't seem like BFL was too far off. It just seems like BFL has a backpedal mode that always looks the same - "The other guys have delays too... or might have delays... why are you all up in our face about ours?" I just don't think that BFL has any room to speak of any delays from the other companies. BFL is reigns supreme as the ASIC delay champion. I hope that title does not continue, but it looks as though it will for the foreseeable future. |
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BFL says someone else will have delays? Seems spurious...
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I would rather have had my pre-orders running at 30GH/s shipping in October than this. I only hope that BFL hasn't held back on releasing something that could have run at a lower clock, in order to match the promised specs. Something working is better than something perfect, when time is of the essence.
Everyone was trying to win the hash race instead of trying to win the time race. I keep saying it, but no one listens. The winner of the time race, unless 2 or more manufacturers ship at about the same time, win ALL the marbles. If BFL could have delivered a mere 15GH at $700, but back in October, they'd be so flooded with pre-orders right now the other folks wouldn't have a chance to catch up. And while they try, BFL would be jumping ahead by doing nothing more than stacking ASIC's on ASIC's for diminishing costs, leaving Tom and Avalon in their wake. |
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Unless everything is on the chips, is this design not missing some stuff?
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I know I was expecting some 50 blocks. Now I just don't see the ROI working out.
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Get out and buy BTC with your dollars. If you think ASIC's are coming at all soon, you'll soon be outgunned by not only all the buyers of ASIC's... but the ASIC companies themselves mining with their stock. Imagine if AMD put all their unsold GPU's to work mining BTC? Imagine if for every GH you buy from some ASIC manufacturer, they create 3 and use 2 to mine for themselves. This is what you'll soon be up against.
the only benefit is getting the btc now and paying the electricity cost later, but at a loss it is mostly worth just buying btc with usd instead But you don't get your BTC now. You get them later, in diminishing amounts, and you have to pay for the electricity in constant amounts with diminishing returns. If you buy BTC now, you just get them. Done deal. Nothing further needed. |
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Buying and selling is always easier said than done. One of the fallacies that I see above is thinking that an OTC seller is going to neglect to calculate that if you were to buy on an exchange, you'd be facing increasing resistance to your buying. So the OTC seller is going to split the difference, that way, you both win.
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So in other words, if you think the value of something wil go up, you should be more careful about trading it away and if you think the value will go down, you should be more ready to trade it away. Are you a wizard or something?
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