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There is only handful of alts with real trading/investing volume. Others are barely live and get pumped once in 2-3 months.
I don't see anything alts would do negative for Bitcoin and it's price. Quite contrary. Most of them can't be bought with fiat and those bitcoins tied in them would probably sometimes be sold for fiat and that would affect Bitcoin price negatively. Imagine if thousands and thousands Bitcoins that are invested in LTC and other alts would be on the Bitcoin vs USD market now.
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35$ gap between BTC-e and Stamp.
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So, when do you guys suggest to start buying for us that are shit in trading btc vs usd?
I'm a long term buyer, so I usually only buy if the price is stable for 24 hours. It prevents me from being burned. I've sold biggest amount ever earlier today at 650 on Stamp, 110 BTC, so buying even now would be nice profit for a few hours. But I guess it should go bit lower? Depands on what MtJoke will say about deposit/withdraws... Perhaps this is the bottom, but better to wait little more  Yeah, I guess so. Risk of losing few btc is worth of hope of making few. |
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Need new money to reach the exchange. This could take days. Need confidence to return on MtGox. This could take weeks.
I would buy when this forum is full of angst and anguish about the falling price, with people blaming MtGox for destroying bitcoin and generally behaving very very naughty.
we're close to that to be honest. |
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It became worthless like 30 times o far so why wouldn't it again?  |
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So, when do you guys suggest to start buying for us that are shit in trading btc vs usd?
I'm a long term buyer, so I usually only buy if the price is stable for 24 hours. It prevents me from being burned. I've sold biggest amount ever earlier today at 650 on Stamp, 110 BTC, so buying even now would be nice profit for a few hours. But I guess it should go bit lower? |
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So, when do you guys suggest to start buying for us that are shit in trading btc vs usd?
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I am not very angry on Gox to be honest. I have 11 BTC blocked there and I believe I'll get them at some time. Out of that I don't care about their price single iota as long as other exchanges are not following it.
you are joking right?...anyone holding ~$11,000+ of my money in limbo i'd be a little haired! =\ * who wants to send me ONE BTC to hold onto for awhile..LOL!!!! I'm not joking, in some other times I'd probably be angry but right now it's not big deal. And I do believe I'll get those coins. |
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Well there are many thousands of hodler Bitcoins waitin wo be sold in panic. :-D Lol, you obviously don't know what is happening when someone is closing short position. Let me help you, he is not selling, he is buying then |
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I am not very angry on Gox to be honest. I have 11 BTC blocked there and I believe I'll get them at some time. Out of that I don't care about their price single iota as long as other exchanges are not following it.
That's the problem. For most people with half a clue the Gox chart today shows the state of Gox the company. But the other charts are meant to be showing the price of Bitcoin. And they are being dragged down. They are but not at alarming rate at all. There's maybe 20-30$ of Goxing in current Stamp price. |
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I am not very angry on Gox to be honest. I have 11 BTC blocked there and I believe I'll get them at some time. Out of that I don't care about their price single iota as long as other exchanges are not following it.
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Come on guys, do some fast flash crash today, I'd like to turn my fiat to btc.
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It was already broken, wisdom charts showing one candle as low as 265.01 some 2 hours ago.
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I still do not think that the eventual collapse or full reopening of MtGOX on Monday can trigger a big jump in the price.
IMHO, what caused the mini-crash last Monday was not the news that MtGOX was in trouble, but the statement by Karpeles that the Bitcoin protocol itself was seriously broken.
Even if their upcoming release has another blooper like that one, the markets should be wiser this time. (Will they be?)
There's barely a sanity in crypto market. Anything could happen. |
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Not sure I would mind a flash crash  |
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Hard to imagine Mark not arbing the gap between Gox and Stamp.
Guess withdrawals will be open when he makes enough coins arbing to cover losses.
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Hard to imagine Mark not arbing the gap between Gox and Stamp.
Guess withdrawals will be open when he makes enough coins arbing to cover losses.
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Well the price went down like I predicted concerning the Gox fiasco,but I think we might actually go down a bit further because of government regulation.
Government regulation is most bullish thing ever to happen to Bitcoin. |
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Exact,y that's why I wrote on page before that he is teacher and they are not really exciting ones. They tend to play on safe, and there's no place for that in crypto at this moment. You either risk hard and make it big, or you fail trying Yes, but the fact that he's here says something  Jorge, do you have a wallet set up? I use Electrum for small amounts as it's super easy and lightweight. I'm sure some of us would throw a few cents your way to play with, if only to promote Ivy League academic research! It's probably more because it's his niche that made him being interested to see what's going on. |
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[ speculators ] provide liquidity and absorb excess risk that average investors are not willing to take. They exist in every market. I don't see it as a negative.
I do not intend the term as negative. But the use of bitcoins for speculation or store of value is a side effect that is not strictly necessary for its goal (cheap safe etc. payment via internet) and may be a an obstacle to it. I have yet to see a convincing model (with numbers) of the bitcoin economy in the bright future; much less how we can get from here to there without being steamrolled along the way by banks, governments, and other competitors like Apple and PayPal. (I read somewhere that PayPal is already blocking any payment related to bitcoin.) The fast increase in value, for example, seems to have attracted a lot of undesriable players (greedy speculators, shady investors, incompetent businessmen, scammers...) which are already harming the project's image. The academic mind tends to approach every problem from a point of skepticism. This is partly due to formal training and partly due to the politics of maintaining the image of an 'academic.' Vision and foresight to see the future coming require a completely different disposition and set of skills. Let the academics discuss why Bitcoin is going to fail, and then watch the tide of opinion slowly turn as it becomes the reality of our shared future. History is filled with such examples. Exact,y that's why I wrote on page before that he is teacher and they are not really exciting ones. They tend to play on safe, and there's no place for that in crypto at this moment. You either risk hard and make it big, or you fail trying |
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