Not all exchanges have the same rules, fees or volume. If an exchange is $50 higher but only has 0.23 bitcoin in the orderlist it doesn't actually count  If arbitrage isn't possible or not worth while then decoupling will happen to a certain extent. Arbitrage can be hard or not worth while if fees or risk is high. Arbitrage will give you a double fee hit and a timeloss whilst moving inbetween exchanges. At that point your money is in another exchange and you need to get it back to the other exchange (possibly through another exchanging method) again for a second run giving you more fees or timeloss. |
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hmm why is it going down? how about this??
<snip>Half ass chart</snip>
Yay let's make stipid correlations!!!. Bitcoin is now following the same path as the production of mustangs in 1964-1973....  |
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If you can get bubble up you can expect a bubble downwards aswell... deal with it.
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And we get this useless chart again  |
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They're shaking weak hands, HODL!! |
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Cool this would a great adapter allowing the masses to get into bitcoin.... If Western Union or another company starts doing worldwide fiat to bitcoin orders and visa versa then we're practically ready for the masses. Only one downside.... Xapo has your bitcoins do you trust them? Nowadays trust seems to be an issue  |
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200K to dump 190K to dump ... 180K to dump .... if this is Gox we might have this for a few weeks.....
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The real question is: What will be the next Chinese workaround? They already have a bitcoin ATM, maybe people will finally start using them causing, a definate need for ATMs. But then again, maybe they will ban them as well. We can always set up internet-based shops outside China that can convert a product order into a fiat recharge in an exchange. Kinda like selling crack under the counter in a sigaretshop  Anyway every ban will be countered with a workaround. BTC is too strong |
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I was hoping for $100K until last week, when I bought some more, so now I only need it to hit around $65K to achieve my ambitions. Still tempted to buy more so that I'd only have to wait for $50K, but I'm quite heavily in as it is.
Wild guess... You had 10 BTC and bought 5 BTC and now have 15 BTC, you we're tempted to buy another 5 BTC |
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To bull we need fresh money and good news. To bear we need no news or bad news. Where is the fresh money coming from with China out of the game? Seems we're bears for a while this time.
China is not out of the game. +1 If anything China might actually still get into the game. As far as I know it is not banned or illegal, the problem is decyphering the government information on bitcoin. |
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That's exactly what I'm in BTC for - a good house. Probably I'll sell all but one when it reaches my target - just in case it ever goes higher.
100K/coin would set me for life. No private jet or island but I would not have to work anymore. Fingers crossed  |
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though the hardest part will be refraining from selling when it comes near (but doesn't touch) my target price. I've never been tempted to sell now, nor I won't be at 10-40K but if (and it's a big if) it gets to 50K, the temptation will sure be there then.
If I can buy a good house with half of my coins then it's time to sell. The other half of the coins will go for the $1M+ |
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Bitcoin was the first prototype of a cryptocurrency but as time passes, it is slowly but surely losing its hegemony.
This was maybe the last bubble targeting specifically Bitcoin.
Next bubbles will increasingly push next generation coins to the forefront.
As for China, it won't come back through Bitcoin, but maybe new designs that play better with fiat can help reopening the flood gate.
Right. I could see Bitcoin in an encyclopedia: "The very first decentralized cryptocurrency. It wasn't like the currencies you may know today, such as Cosmos. It took at least 10 minutes to do a transfer, the client took 10GB of disk space, and the network consumed massive amounts of energy resources, relying on a brute force approach to security." I'll get flamed for this, but I have to say Peercoin's blockchain is below 300mb after a year and a half, and PoS makes it pretty much immune to 51% attacks while requiring very few ressource. Just sayin'. Carry on. Size of blockchain has been discussed many times and there are solutions. Other than that I'd like to know if Peercoin has done as many transactions as bitcoin. Ultimately the blockchain has all transactions so every successful coin has a big blockchain. (My opinion =>) Proof of stake is inflation since holding a coin gives more money. This becomes a loophole to create more coins and turns a coin into a pyramid scheme. This is bad for your coin and bad for the economy, money must flow. |
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Hopefully $100K in 3 years or less would suit me Don't want to wait 5  In fact, I'd settle for 60-70K. In the meantime enjoy the rollercoaster  |
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Got damn it. I wish I had a real username that sounded like a Spirit-bull. If this is the start of the first rally of 2014 and i just called it like Karhu did With his bearthread, i fkn deserve a Name-change from mods no? Can someone please propose this? All we can do is promote this thread and shout some one-liners like TO DA Moo0OO0ooN!!!! NO MORE CHEAP COINZ!!! 10K BEFORE DECEMBER!!!! BUY BUY BUY!!!!!!! P.S. Good call for this thread we can use some UN-FUDDING  |
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So tired of the "intrinsic value" argument (as if fiat currency has intrinsic value). What does have intrinsic value? Gold, silver I guess because of the time, effort and costs of producing them. What happens if major, easy to retrieve reserves are found someday? What happens if governments decide to tax the hell out of gold and silver so much so that nobody wants them anymore?
Value is whatever someone is willing to pay for something, plain and simple. If you have a house that some bureaucrat appraises at 10 million dollars, yet nobody wants to buy it from you, your house is effectively worthless. If someone wants to buy a Bitcoin from you for $500, it's value is $500, regardless of whether it is "intrinsic" or not.
While I understand emphasis put on intrinsic value (by some), it is easy to dance around the intrinsic value argument and draw convenient conclusions for or against bitcoin. As a buddy put it to me, fiat has no intrinsic value other than the cost of paper/metal making it and the fungibility as legal tender (a little bit of a naive argument but nonetheless revealing). Bitcoin is really new and that newness, and lack of understanding it, can cause all sorts of anxiety before people accept the concept. Sort of like when email was introduced - some were anxious about moving from tangible letters to an invisible thing. The argument can be made to those saying you cant touch BTC, that email is the same way, unless you print it, you cant touch it. That said, I recognize the complexity of this debate spanning many disciplines (economics, cryptography, banking, sociology, political science). +1 We used to back fiat by gold which is hard to dig up. Since fiat is no longer backed by gold it is turned into an IOY of the government with no actual value. Bitcoin uses a complex math problem to back the currency which is a different type of work. Talking about how hard it is to dig for gold is more easily explained to average Joe then scalar division of a point on an elliptic curve which is confined to a fixed domain using a modulus function . People need to accept bitcoin as "secure" without having to understand the concepts behind it. Like driving a car without knowing how a combustion engine works or sending mail without understanding TCP/IP. People also like to hold something. I myself feel better with a bar of gold in my safe instead of a 53 char private key of a wallet with the equivalent value loaded. We need to learn and accept bitcoin. It's all a matter of time. |
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As long as it gets to 100K in <5 years |
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Lucky number: 6 I see satan is still alive and well in Bitcoin! :-O I still have quite a few Emerald so I hope it will also go to da mo00oN!!! |
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which one OP? The red/blue pill or the green pill? bitcoin will only go as far as you want it to   I hate the second chart you stole off of igorrr. It's not even a correct trendline I'll take the pill to stay in the fantasy land of bitcoin |
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