I used to think that the moment a company like Ebay or Amazon starts using Bitcoin the price would jump to crazy amounts. But not anymore.
It will only reach crazy highs by mass adoption and not because of news anymore imo. We're past that.
What does mass adoption mean for you? Or you just trollin' |
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Yep slowly going main stream adoption.
Oh and i guess the date in the subject should be 2014-01-23 depending on your timezone. (Can mods fix?)
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Waiting to see goats receipt from tigerdirect.com  |
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It bewilders me to see such a stable price. BTC was $806 on Jan 9th when overstock made their announcement and now after tigerdirect goes the price is... still $806. We're going main stream acceptance from proof of concept, major retailers jumping on board. Oh well when i can't explain the bears i buy strapping in for the weekend (it's like XMAS can't wait for it to get here) |
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They are kinda too late to the game, overstock overshadowed them by a mile. If they listened awhile ago, they would have had all that press, now no one really cares.
True, they could've had a bigger spot light if they were first. But you can't argue that wider acceptance and more positive news is not a good thing for BTC. |
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And it is because of many people thinking that way that it might not happen when you want it to. Exciting times...
Almost nobody seems to be buying, I mainly see silly bot purchases on most exchanges. You can even move the price by 10 usd on btc-e with only a handful of btc at the moment. Just plain silly. I have a feeling about this. I believe that: 1. the get-rich-quick sheeple are silently dumping 2. the bots are from coinbase/bitpay (because they have a lot of interest in keeping the price really stable) and from some fiat whales who are silently getting in without slippage. 3. new get-rich-quick sheeple + early dumpers who want back in - they are not buying and waiting on the sidelines instead because April 2013. It is a nerve grinding game. Anything could happen in the immediate. You don't need whales or bots to explain the small trades. I did a bunch of them yesterday to buy ~2 btc over 2 hours, $20 at a time. It's a good way to accumulate at the spot price without eating up the very limited reserve of asks at the market price. You were concerned enough about slippage on a 2btc order to spread it over 2hrs. I know volumes are low but really?  |
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Okay. There is Willy on the side of Gox, buying all the coins and even does not care for nothing more than buying no matter which price. That's one reason for the existing big price differences between the exchanges.
But to ask another time:
What the fuck is going on with stamp?
There are popping up sell offers for hundreds of coins, even below the price of BTC-E and Huobi, what is really abnormal. And it seems like there is no motivation to close the gap to BTC-E and Huobi.
Any idea?
Willy has little to do with the gap. Looks like gox is having some (unconfirmed) issues with JPY withdrawals. Haven't been processed in few days (they blame on holidays). Now it's much harder to arb thus the gap grows. When/If they fix their JPY withdraws the gap will close. Willy is just buying up coins for some fund not sure how many thousand BTC he bought up so far, but whatever price he gets now at 10-20BTC a pop is still MUCH cheaper than the slippage he'd get with one market buy. So pretty bullish i say, just takes forever to buy up those coins on btc-e and stamp with these low volumes. But one brick at a time the walls will fall... |
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Yes, I expect Dogecoin funds in the next couple months to emerge. Perhaps Secondmarket will lead.
Is there a way to short dodge? Just askin' |
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No idea whats up with doge, massive buys keep getting in.
Huh i keep underestimating the stupidity of the masses. |
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Feels good to sit 100% fiat until the sleeping dragon awakes. I'm guessing selling should resume in about 3 hours.
What if they buy? Option #1 Claim it's a bull trap Option #2 Claim that you rebought at the (insert minimum price market hit after you claimed you sold) Option #3 Go into the shadows and just watch all the CCMF posts Option #4 Rebuy and HODL |
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You can tell the bears are getting panicky when all the triangles come out! Pythagoras must be rolling in his grave!  You are becoming more and more manic by the minute T.Stuart. Having just read that it is possible to short Bitcoin on Bitfinex, I headed right over there to register and open an account. I then set about finding the option to short bitcoin. The Bitfinex site does not make this a very straightforward process, but I soon discovered the shorting option only to find that there is absolutely nobody interested in lending out Bitcoins to a short seller at this point in time. Now what does that tell you? (a big fkn queue of wannabe short-sellers and a distinct lack of mugs Bitcoin holders willing to loan out their Bitcoins to shorters chasing clear and obvious profits) Umm i see 2114 BTC offer available just at 0.0055% and to get a mil in USD would prob cost you around 0.6% that's a 100 fold difference in a rate. What does that tell you? Oh you were just trolling to get cheap coins from noobs sry then carry on |
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Reading this reply i'd say stay away from trading. It won't end pretty. Think you're missing the whole point of hodling. Let's just say asking for help when someone (looks like just one person/group) moves market 4% is NOT holding |
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Levels of Enlightenment for market trading:
* At Level of Enlightenment Zero, you buy or sell at current price based on what other people tell you.
* At Level of Enlightenment One, you draw lines, triangles and dinosaurs over the charts, look for trends and patterns, in an attempt to predict future prices from the set of past prices.
* At Level of Enlightenment Two, you realize that the market does not give a damn for the past price history. Any trends are due to the trading community's perception of external events. When the external conditions change (e.g. when the traded item is banned in Mongolia, or featured in a TV serial), the trends immediately change in ways and amounts that are very hard to predict. The best one can say is that the price P(now + t), in log scale, is P(now) plus a random variable with zero mean whose variance increases linearly with t, irrespective of its past history.
* At Level of Enlightenment Three you know more complicated formulas that use past prices to give predicitions for future prices that are significantly tighter than those of the Level Two model above. But I haven't got to that Level yet.
I suspect that there is a maximum Level of Enlightenment N-1, after which one's understanding of markets goes back to Level Zero.
* At Level of Enlightenment N you HODL. Don't worry you'll get there |
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Just had a thought of running a bear sanctuary foundation. Users can adopt their bear troll ran down by market rises and try to teach them how to hodl before releasing them back in the wild
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the plunge is coming, everyone must make the pledge!  Just remember, if you're in the US, everytime you execute orders on a market you restart the clock on long term capital gains eligibility. That's ok, though, because short term capital gains is only like twice as much. i'm not in the US  Just need one US lemming to foil the canadian plan |
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My sources from the future say we will break resistence soon and leave all the bears behind after they start panic buying.
and who will buy it above 1K? one or two kids with daddys money?  Same people who bought it above 1K last time, and above 1.1 and 1.2k |
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Soon gox will break the 1,000 mark again We need to break out from 960 which we are testing for the 3rd time. uhhh ohhhh 1k party try #247??? |
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