i love the idea but anyone willing to pay 7% just defeats the whole point behind bitcoin... fees were supposed to come down not go up ... silly people
Please spend a few more seconds thinking before you post, and I mean that in the nicest way. Bitcoin transactions are low for bitcoin transactions. This is someone providing a service of transferring physical currency to bitcoin. The machine isn't free, the time to design and program the machine wasn't free. The producers are allowed to recoup their capital and this is meant to be used for people who don't have the time or knowledge to get bitcoins any other way. |
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Is it up, uP, UP from here?
At this stage in the game nobody will listen to anything apart from up, uP, UP. This will change soon enough. I think half of them are trying to talk the price up and the other half are just blindly following the rest. You know, if you're gonna troll bear you might as well go back and read how the pros did it. You're just embarrassing yourself. |
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What's up with those alt currencies anyway, do they have potential?
No, they are all just bitcoin with slight tweaks to their code. The only people who say them use them or like them actually just trade them for bitcoins. You'll save yourself time and money just buying bitcoin and cutting out the middle man. |
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I was told there would be sub 200 coins  Still a possibility for brief moments on Bitstamp, but only just. Man, you bears really aren't what you used to be. If this was the great breakdown ward you were all hoping for then...man...I just don't know what to tell yous.
Cheap coins then, where are the buyers  i think it will go down further. They're buying the dumps which ARE the cheap coins. |
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Man, you bears really aren't what you used to be. If this was the great breakdown ward you were all hoping for then...man...I just don't know what to tell yous.
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Seems we've found a "day trader" who thinks he's so smart and is dumping "at the top".
Prepare for some light turbulence and then a boom when he immediately regrets his decision and buys back.
Are you referring to me? Because you've completely misunderstood me if so. We're about to go up a tonne. I was referring to the small drop on March 10, followed by the massive rush afterwards. I think he referred to a small dump that happened on Mt.gox some moments ago. Yurp. |
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This room has a familiar sound to it. BUY BUY BUY! UP UP UP!  It's the tune we've been singing for a couple years now and it's been a #1 hit since we started. |
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Seems we've found a "day trader" who thinks he's so smart and is dumping "at the top".
Prepare for some light turbulence and then a boom when he immediately regrets his decision and buys back.
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How proud I'm now about the folks at bitstamp. No panic. Wall just sits there to be eaten =)
EDIT. Wall is 29k now... I mean 32k... 42k
Bitcoinity shows 30K for me. This has to be one of the dumbest bear moves I've ever seen. |
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23k on sale, just for 200.5 USD a piece!
Yea, I was curious what nub did that! Duhhhhh I want to sell all my BTC for much below market price! Yea! That's the ticket! |
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After initially being so pro about this story I have now started thinking about how similar this to a normal bank. This is a great and needed service offered buy Bitcoiniacs and Robocoin, and they do obviously need to get paid for this service, but it sort of goes against one of the purposes of bitcoin which is to do away with banks and centralized control.
This ATM is very cool, and so is Waves Cafe for hosting it. I think what it needs is a couple bitcoiners standing next to it offering to sell bitcoin for a cheaper rate then the machine. Then is will be perfect.
It doesn't go against the goal of bitcoin because it is simply an option. It would be impossible to force anyone to go through robocoin for their BTC. Isn't this what the free market is all about? |
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What's up with all the negative comments on cbc? Seems a lot of people in canada are scared of bitcoin. If you are honest with yourself and someone came up to you and told you about this digital money that can equal a bazillion percent increase in value wouldn't YOU be skeptical? Add that with the brain filter removing property of the Internet and you have every comment on a bitcoin article ever. |
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The price needs to catch up to the way I'm feeling right now.
Fat and sassy?? Wait, no, that's how I'm feeling.... I've been spending a bunch of time in the Reddit frontpage thread answering questions and it feels great.  There's so many people interested. You sir, are a braver soul than I. |
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The price needs to catch up to the way I'm feeling right now.
Fat and sassy?? Wait, no, that's how I'm feeling.... |
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I'm there with you. What bitcoin offers and has the potential to do is unarguably worth at least Twitter. Now, some may say that Twitter/Instagram/StupidApp isn't worth much in the first place but the all powerful market has decided that they are worth obscene billions of dollars so that line of argument is moot. |
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Actually, some guy visited me via Localbitcoins.com to buy 1 btc off me. I had to immediately replenish my stash after he left.  Very cool. Was he a newbie to BTC? |
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This is the disconnect. The very meaning of the words "priced in" indicates "at the present time". If something "will be priced in in the future" then it is, obviously, not priced in currently. I think there is a clear difference between news -- upon which speculators react dynamically -- and future demand spurned by that news over time.
See, then this is pointless. When you ask if something is priced in then all you are asking is "what is the price right now". It is not the definition that I would accept because I like to think people ask questions for a reason and like their indicators to actually indicate something. |
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"old news will be priced in at X time" is ridiculous, on its face.
That's what I am arguing against and, from my perspective is what you are arguing FOR but just saying X=Right now When speculators expect a rise in exposure/adoption/new blood, they buy. That's exactly what "pricing in the news" is. That doesn't mean that new investors won't enter, and it doesn't mean that the trend won't reverse.
The premise here is one I don't buy and that's speculators alone determine price. I believe that speculators have 0 actual knowledge and just flail about and react more irrationally then they'd like you to believe. I know this isn't a popular opinion here and wont' bother arguing it  Re #2, yeah, who knows what will happen tomorrow? Maybe following a momentum shift, there will be a slew of bad news that will propel the market downwards in tune with momentum. What does that have to do with anything? Are you telling me that in that case, we will have to wait weeks or months for the market to price in the news? Markets are dynamic -- they don't sit around waiting for people to twiddle their thumbs.
You're talking about this as if this is just a linear process: people read news, they learn about bitcoin, then they buy some. You take into account absolutely no market activity outside of that.
No, of course there are a lot more forces at play then JUST this linear process and I'm taking the idea of being "priced in" in a much longer term view than I think you are. The ripples from any single news spread out and can have larger reactions than just the immediate future. It seems to me that the idea of "priced in" that you are trying to define is by definition whatever the price is right now and that just doesn't seem useful to discuss. For example, prior to the reward halving when the price was still like 7ish there were people saying that the halving was already "priced in" and the minute the halving happened and the price didn't instantly double they said "told you so it was already priced in!" In my opinion, the slow price increase that followed the month or two after is a result of this halving and it just had a delayed effect. We are in real uncharted territory with bitcoin and we really don't know what events will have what impacts. Even the most experienced trader (who can hardly handle real markets) has no prayer of accurately predicting pricing. |
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You're speaking as if "new blood" exists in a vacuum outside of the rest of the market, as if traders haven't been speculating on this news at all. That's ridiculous. Sure, new blood is entering the market. Much of it won't have gotten money to the exchanges, either, by the time we see a reversal. But, according to your theory, because of news they read last week or last month, they'll keep buyingbe more inclined to buy. Right?
You're actually supporting my point. #1 is the time delay you mentioned. We really don't know what the incoming money will look like, be it flood or trickle. Traders have been proven time and again to not have any ability to tell the future than anyone else so they cannot "price in" anything. #2 people won't buy anything the first time they hear of bitcoin. The odds of them starting up increases with sustained and interesting news articles. No one here yesterday thought the bitcoin-buying-apartment story would be front page reddit material today. Who knows what news will come out tomorrow. Will the price go up $100 because this creates a ripple that will eventually catch the eye of some uber whale? I dunno. The "traders" don't either. EDIT: Though, if we really are talking about the news from a month ago, then I could accept that the price could be mostly set in. I'm talking more about this general surge of news we're experiencing now. |
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Why so slow? Everything bitcoin related is blowing up at the moment.
Somebody hit me with some bear, please! Not enough bears around here -- this makes me worry.  Ok a tiny bit of bear. Isn't all the good news priced in already? No. If you go out into the real world the vast majority of people still really haven't heard of bitcoin, let alone own any. The more big news there is it'll push that many more people towards actually owning bitcoin and participating in the economy. I don't think anyone here besides the trolliest of bears thinks that bitcoin has reached full market saturation. That's not what he's saying -- nothing to do with market saturation. The market, by definition, has already been pricing in the news. Speculators aren't going to wait until the whole world knows about bitcoin to buy some. That is what he's saying. He asked if the news has been priced in. It hasn't. Why? Because the people who will be buying/using bitcoin are just now reading it. I mean, unless you think those people woke up yesterday and thought "Man, I'm going to read something tomorrow. Better buy today!" |
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