I should have been more specific about the EUR exchange. the current one seems to be trading very very light volume and there are no charts available.
Here is Germany by the way ...
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correct.
The bitcoinexchange.com from Finland does not really fulfill the standards. We need something like mtgox globally or a similar one in other regions
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Color should be bright yellow flourescent to be visible and distinctive
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great progress!
Then we should see some European sites appearing.
Also, it would be great to • Establish a European BTC exchange or add EUR into an existing platform • Add EUR as currency in bitcoinwatch.com
As i am in marketing i cant program anything myself I have lots of ideas...
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it feels to me that judgementally most people interested in bitcoins are either from north America or Russia . is this true? who is from Asia and Europe? if we don't have global distribution yet this may be an opportunity.
If some of you have contacts in other continents a "tell a friend" movement could be very helpful!
What are your thoughts?
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..and the low volatility and stable exchange rate helps increasing the stake .. :-)
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volatility is low predominantly because psychology is balanced. Market participants are split between the belief of a rally or a decline. volume is only a consequence of the former. like with any other global market we are in a consolidation/ sideways pattern which is almost always accompanied by low volume. only if expecation balance changes in any direction, volume will pick up substantially.
Example: more people think BTC will increase in value. Some of them want to anticipate that and buy coins. To get the amount they want the bid prices up above last weeks high. Others see that and jump on the boat, driving prices further up. Some others whi did not trade for a while find out later and are worried to miss the rally and bid prices further up... Volume rises a lot..
The inverse happens to the downside.
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agree that it won't last forever.
We will get a breakout soon. IMO it will be on the upside. But clearly, downside is also possible. if we could trade options, a strangle would work brilliantly in this point, because volatility is so low.
And by the way, over the last month, BTC value has dropped -10 to -20% vs most currencies. It held up in dollar terms, but at the same time the dollar fell against most other currencies.
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convincing more and large merchants would be fantastic progress. Crossing fingers!!!
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FreeMoney: fair point. I only shared my concerns to protect others. All: sorry if I go a bit too emotional
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First of all, I wouldn't allow you to send me that much cash in one transaction. I would insist that we trade in smaller denominations. Why aren't you willing to make smaller trades at first and go up from there once we have established a relationship? [/quote]
This is yet another sign of bad practice. Requesting people to do only smaller transactions creates even less value as the transaction costs (time, mailing, etc.) are way to high.
Stop bothering us with your improper business model.
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I seriously warn everyone doing business with bitcoin2cash
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exactly! i will be one of the first with this prediction.
1) timing of stock market low 2) DJI in nominal points at the low 3) unemployment rate in June 2016
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selling 25 BTC for 1 USD and then buying back 200 BTC for the same 1 USD
You are to trying to make a profit margin of 87%.
Noone can be so foolish to do that!
Nice try.
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I have not seen any open market for EUR or JPY
By the way, the difficulty for block generation just increased from 917 to 1318.
This should boost the BTC/USD rate, all other things being equal.
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Difficulty has just increased. All other things being equal, the BTC / USD rate should rise.
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if I follow this great thread correctly, it seems that misis could be very useful.
meybe we should approach it on a personal level, isn't there anyone in the forum who has some personal contacts with key stakeholders at mises?
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I agree that investing is not about rising prices. it is relative value that counts.
But if an investment does not appreciate in value vs. a reasonable benchmark, it is a stupid investment.
Examples
1. You live in the US and the dollar value falls faster vs. other currencies than the BTC/USD rate = good investment vs. USD. 2. If we have a deflation, BTC prices are flat, then you can buy more with the same amount of BTC = good investment.
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the fed will never be able to get out if this.
we will first see massive deflation and depression, much worse than in the 1920's
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