trading volume on the 17. alone was 220k BTC, if the average fees would be .3% this would mean 660 BTC in one day. at current prices ca. 8000$
Both seller and buyer pay a fee, so you need to double that amount. only buyer pays a fee... Buyers pay fee in btc, sellers pay in fiat are you sure? there are no fees that show up in my trading history when i sell btc. only when i buy |
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Well, gosh, now that bitcoinica is gone and pirate's shutting down his operation, where are we all going to centralize our decentralized currency?
mtgox |
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trading volume on the 17. alone was 220k BTC, if the average fees would be .3% this would mean 660 BTC in one day. at current prices ca. 8000$
Both seller and buyer pay a fee, so you need to double that amount. only buyer pays a fee... |
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looks like the crazy americans are done sleeping
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u guys are forgetting that when this bubble pops mtgox will just crash, revealing the bear's move.
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Time for some sane trading.
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the best part about this rally is : if a big bear strikes, mtgox will just crash. GG bears
That's actually a good point. We can't quickly crash down even if we want to. MtGox will just crash. Lol if this actually happens ^.^ It won't happen because all of the big player know about this issue by now. For example, I know someone who wants to take a big dump, but he won't because he's afraid he will crash mtgox. |
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The penny bot has turned bear? What is this nonsense?
this is actually a pretty big deal. inc downtrend |
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the best part about this rally is : if a big bear strikes, mtgox will just crash. GG bears
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I bet it is another MtGox glitch. I have pending both ASKs and BIDs and cannot cancel them either. Slow like trading using postcards.
it is another mtgox glitch. but, knowing mtgox, they won't rollback and they will make their customers pay for it again. |
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it should be a gif just like his old avatar. only hes dancing with a bull instead
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yea, if you sold 300k btc's all on the mtgox/USD market then it would go to 1.15. why would someone do that when they could sell in a lot of different currencies and get a lot more money out of them?
i think you guys are assuming that the mtgox/USD depth is all that's there.
It's the same bid orders converted to different currencies. this is news to me. |
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I'm a fair bit out but it would take just under 300k BTC to drop gox to $8 on the USD, Euro and GBP exchanges, about 3% of total coins.
Where are you getting your data? This shows that it would take ~97,000 BTC to drop the price $8. 300k BTCs would push the price all the way down to $1.15. People want to pretend there is more demand than there really is. I think hes adding up all the different markets to get his 300k figure. yea, if you sold 300k btc's all on the mtgox/USD market then it would go to 1.15. why would someone do that when they could sell in a lot of different currencies and get a lot more money out of them? i think you guys are assuming that the mtgox/USD depth is all that's there. |
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When are we going to see the price settle back down for a brief interval before resuming its inexorable upward plod?
When s/t bad happens (like Gox). e.g. Pirate vanish. Then BTC would be famous as the only money backed by drugs and ponzis. (Not that I would not invest any more in it) Or when ppl figures out that the blockchain growth is not practical and/or cannot sustain a serious traffic of Tx. yes this is one issue that, if not solved. could kill bitcoin... the buying of drugs online using bitcoin will continue. but people will stop believing it will ever be anything more plz elaborate on this issue. Are you saying that if bitcoin got too big it wouldn't work? The entire blockchain is approaching 2 GB rapidly and accelerating. This will pose a problem down the road as just downloading the blockchain will take days. isn't the solution to this just having online wallets? it's my understanding that blockchain.info doesn't have access to your wallet and even if the website went offline you would still have access to your coins. Whats the downside to online wallets if this is true? Do you have to download the blockchain to get your coins if they go offline? |
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When are we going to see the price settle back down for a brief interval before resuming its inexorable upward plod?
When s/t bad happens (like Gox). e.g. Pirate vanish. Then BTC would be famous as the only money backed by drugs and ponzis. (Not that I would not invest any more in it) Or when ppl figures out that the blockchain growth is not practical and/or cannot sustain a serious traffic of Tx. yes this is one issue that, if not solved. could kill bitcoin... the buying of drugs online using bitcoin will continue. but people will stop believing it will ever be anything more plz elaborate on this issue. Are you saying that if bitcoin got too big it wouldn't work? |
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Do we break $13 today?
Short answer: no Long answer: yes I disagree I disagree to disagree I agree that you guys disagree. I disagree |
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Do we break $13 today?
Short answer: no Long answer: yes I disagree I disagree to disagree |
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Do we break $13 today?
Short answer: no Long answer: yes |
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If history repeats itself, there will be a 100% increase in a very short period, then the bubble pops.
Last time it was a 3800% increase in 2 months. this will not happen, this only happened because people were thinking this was it, bitcoin was going to take over. no one is that naive anymore.... i am |
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