Anyone who thinks that the ATH from Nov. 2013 is of natural occurrence must be out of his mind. Long, cold winters and short, bright, explosive summers are the natural seasons of this planet. Winters do not apply in all regions of this planet, especially those countries that lie within the tropical region.  I agree that these seasons are naturally-occurring to our planet, but it is wrong to compare it with what happened to the ATH way back 2013. You know Willy was involved in that rise, more people helped him to finish the job because of the hype. I refer not to Earth, but a different planet that twinkles like bright metal on a sullen ground.  Anyway, if Willy's trades had this effect on price, with what appears to have been an averaged purchase of ~$300/BTC, then such buying would have occurred naturally with actual fiat simply out of a motivation for profit, as with "Momentum Ignition" in stocks. |
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De-anonymise the members of this forum, then go after them with axes, chainsaw belts and ether rags...
(I'd fear someone probably would do.)
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Yes, buy & hold now. Then buy some more and hold that too. It will not be possible to preditct the timing of the next boom. The price could double in just a few minutes.
Femtosecond bubble to 4000, then femtosecond crash to 10. |
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Anyone who thinks that the ATH from Nov. 2013 is of natural occurrence must be out of his mind. Long, cold winters and short, bright, explosive summers are the natural seasons of this planet. |
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I want something like this:
Date Ask Bid
2015-09-18 234.92 234.6
2015-09-17 234.41 234.31
...
2015-08-25 222.25 221.98
2015-08-24 210.37 210.18
2015-08-23 228 227.84
Cool, I'll look to put this in with the next update. |
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Awesome, thanks!
Can we have asks/bids too?
Interesting, I hadn't thought about the orderbook. Could definitely add ask price and bid price at end of trade. Or do you mean bid depth / ask depth? We only have the closest five bids/asks available on Nasdaq's site that I can see, so there would be some degree of inaccuracy there. |
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Ok, XBT-Bot will scrape data from the Nasdaq Nordic, Bloomberg and Yahoo Finance and provide daily updates in monthly reports including outstanding notes in terms of issued BTC.
It collects data for the following fields: priceLow, priceHigh, priceClose, priceAvg, volume, exchangeRate, BTCPrice, BTCVolume, totalAssets, NAV, outstandingNotes, outstandingBTC, number of trades. I'm only showing what I think is relevant in the posts, but if enough people want some field shown, I'll include it. I intend to make all of the scraped data available in a spreadsheet at some point.
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The current bitcoin price is ridiculous.
Well, when has it not been so. But the bubble-making machine hasn't seen its last days yet imho. |
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You see, those scammers had to work with gold, because bitcoin had not been invented yet.  lol As I wrote already, I was referring to Gresham's Law (aka Copernicus's Law). It is stated in terms of face value vs intrinsic value, but the phenomenon applies to bitcoin vs national money: if a currency is [ perceived as being ] more solid than another, people will hoard one and spend the other. Did Copernicus and Gresham really think that a currency must have inflation to prevent hoarding? If anything, they seemed to have wanted to prevent debasement, and thus prevent hoarding while maintaining the stability of money. In Gresham's case, the debasement of the shilling under Henry VIII was blamed for the loss of the Crown's silver in Elizabethan England, so he hardly seemed enamoured of the idea. |
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It's a little bit like calling Alchemists scientists. In any case, I would like to hear which 16th century mind argued for inflation, especially as currency was specie. |
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edit: Control handed over to XBT-Bot.
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Economists have know for 500 years that a currency must have some inflation, otherwise people will hoard it and it will not be available for use as a currency. During the past 500 years, there were long periods of effectively zero inflation where economies boomed. In the industrial revolution in Britain, for example. Also, I don't think there was such a thing as an economist 500 years ago. |
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NotLambChop simply reacted to the tone in this forum, he's a troll now but it started benign. * yefi whips out his little violin and begins a beautifully wistful melody in honour of fallen comrade. //end sarcasm |
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What are we going to do with our time on the internet now?
A good question. Guess it would be the gym sock for me! |
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was this the period june- nov 2011 when it went from $31 to $2?
this was before I knew anything about bitcoin.
I take it from your comments that the issue was seen as "serious' to the wellbeing of bitcoin (and the price) as the current core/xt issue.
I'm no veteran from then as I got started back in Feb/March 2013, but I can tell you that there wasn't any technical issue, rather it was the length and severity of the price decline itself. We overlook from our vantage point now how terrifying it was. Bitcoin was still a sapling that could be washed away, with no history of its survival to rely upon by its investors, who were truly staring into the abyss. |
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I feel if anything the XT will crush the value to maybe $100?
I only say this because the time adaption of the XT and people understanding what the heck XT is about and wondering why their bitcoin isnt moving as fast anymore.
Or noticing the delayed time it takes since the bitcoin being split..
If we break the previous low, I expect less than 100. Existential scare 1.0 took us down 16-fold to 2; this one could easily take us down to 70, maybe less. This scenario should have been considered by everyone after the bubble, but alas they wouldn't even let themselves consider sub 400. |
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Lol, he then almost bought all my coins (because I sold half my stack around that price) Guys, this time is different  P. S. Even Warren Buffet is sometimes wrong. You can lost one battle, but you can still win the war. FYI
I am buying NOW.
You know, I think you're becoming a reliable counter-indicator. Do this a third time, and consider yourself on my watch list.  |
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