Guys, look at the difference in market depth from yesterday. Yesterday:  And Today:  Where did all these bears come from!? Your scales are different... you're only looking about about 10k extra bitcoins below $20. |
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This was'nt as impressive crash as expected. The good side to this is that the todays price average still look pretty tomorrow.
Gox bogged while trying to buy a little at the bottom. They'll have to fix the slow order processing issue. My orders were still pending when I canceled after 10 minutes, and there was no 10.000 * 0.1BTC order stuffing during this drop!!!!
Quit using their shit. They won't fix it until people start leaving. I've been Gox free for over a year and couldn't be happier. |
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At which price will you start buying?  Whatever price it is when my regular paycheck funds make their way to my exchange account. |
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BTC1 = BTC1, no matter if it's two half- BTC inputs, a thousand mBTC inputs or 100 million one-satoshi inputs. Or even a CASASCIUS coin. Or a brainwallet. That is why the method used to exchange BTC is mostly irrelevant (except for security and convenience). I'm not sure 100 million inputs would fit in a block. It would certainly require a very large fee. New self-challenge: Create a transaction larger than 1MB. See if Bitcoin network esplodes itself. +1 If it does I'm going to be sad for the role I played in its destruction. |
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I call a top. Look at this hourly chart. I stopped there  |
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BTC1 = BTC1, no matter if it's two half- BTC inputs, a thousand mBTC inputs or 100 million one-satoshi inputs. Or even a CASASCIUS coin. Or a brainwallet. That is why the method used to exchange BTC is mostly irrelevant (except for security and convenience). I'm not sure 100 million inputs would fit in a block. It would certainly require a very large fee. |
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No. Nobody here likes betting.
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Oh dammit. Resurrection of this thread is one of my 'overheated' indicators.... and I was so enjoying the ride up too! :/
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so if ASIC delay another 2 weeks we'll see $18? We'll see $18 regardless of ASIC  well I meant in that 2 week timespan if ASIC come I think $18 is a month or two or 3 away I see $18.30.  |
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HAHA the wall maker ran away. Based on previous behavior I think they are simply trying to stop it from rising TOO fast. Or at least having control over the rise, allowing them to buy more cheaper as they continue to participate in the upward push.
I mean, if the market is going to force me to take profits, I guess I will... |
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Find a couple of bums and have a friend take a video of these bums beating you black and blue with their fists and feet. Make sure your shirt is off so we can see the bruises form.
To the people owed money: do you feel that this would help?
i'd prefer to get no money over forcing him to make your idea happen. btw i think he is trying hard to fix this. and yes: he is an attention whore: but whats wrong about that? i enjoyed his posts in the past. lets see ... +1 You need someone to hug you misterbigg. |
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Power corrupts.
I disagree. Powerful positions which require no production to obtain or maintain attract corrupt individuals. Power doesn't necessarily have to corrupt, but western culture has no clue how to deal with power properly. |
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No. If I buy a coin that nobody sold, where did it come from? Did I say that nobody sold you this coin? What I do say is that more people are buying bitcoins than those selling bitcoins! That does not mean that everybody that wanted to buy bitcoins have succeeded in buying! The price moved up to balance the supply/demand equation! Why is so hard for you to understand something quite obvious? When you claimed Luno's statement was false. Let me quote it again since you decided to trim it out: For every coin bought, somone has to sell it, so it's always the same amount bought and sold. This is both true and false because this statement is missing a very important aspect. Time variable is missing! What you've explained is not a static equilibrium. The balance is dynamically achieved in time. This is why the exchange rate is moving up and down. At a given point in time more ppl wanted to buy than those that wanted to sell. This is why the exchange rate moved up to balance this increased demand. Because market moved up some of the buy orders below the market level remained unfulfilled. So, yes. There is absolutely nothing wrong to say there are more people buying than selling bitcoins if bitcoin price is going up! Why is it so hard for you to have an intelligent exchange of ideas without implying the other party has mental deficiencies? Perhaps you should consider that although we are using the same language, that very language is full of ambiguity and local terminology that doesn't match universally? Maybe if you took more time to explain yourself and didn't overlook important details just to find something to argue against you may have better luck helping us idiots out here understand the obvious. You turned a simple statement about bitcoins bought = bitcoins sold into an entire page arguing about the number of individuals on each side of the market, which is unknowable. Good job. |
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The halving of the mining reward is the main cause of this rally. The new equilibrium price is above $32.
Damn, now I have to refrain from purchasing BTC because I'm not sure if the rising price is trying to fool me into buying BTC at a price it's not worth. It's just wait and see now. Why is it rising? Has some new userbase seen the use of BTC and lots of people trying to get some? (demand for BTC rising?) Yes, google searches for "buy bitcoins" are almost up to 2011 bubble levels. In addition, GPU miners are pulling out in expectation of ASICs, so the difficulty is dropping. This means blocks are slightly less frequent then one per 10 minutes currently, in addition to the halving of the block reward. Less fresh supply, high demand, and major long term resistances were recently broken. We may see a bit of volatility before we can move up much more, but I'll continue to buy my chunk with each paycheck. |
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I think the only way to bring real responsibility into any government is to give them a real incentive to do a good job. Those who stall, lie, deceipt or otherwise work against the interest of the nation as a whole should be punished. Repeat offences should give abrupt termination of position with no benefits. How not to be sacked ? Do a real honest god job!
You'll just end up with bread and circuses to keep the people distracted. Governing based on fear won't lead us in the right direction. Haha, perhaps Dictatorship is the way to go. But then we need a good dictator! A benevolent dictator would be the ideal form of government if such a human could exist. Unfortunately, the human condition does not allow such behavior. Power corrupts. |
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I think the only way to bring real responsibility into any government is to give them a real incentive to do a good job. Those who stall, lie, deceipt or otherwise work against the interest of the nation as a whole should be punished. Repeat offences should give abrupt termination of position with no benefits. How not to be sacked ? Do a real honest god job!
You'll just end up with bread and circuses to keep the people distracted. Governing based on fear won't lead us in the right direction. |
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For every coin bought, somone has to sell it, so it's always the same amount bought and sold. This is both true and false because this statement is missing a very important aspect. Time variable is missing! What you've explained is not a static equilibrium. The balance is dynamically achieved in time. This is why the exchange rate is moving up and down. At a given point in time more ppl wanted to buy than those that wanted to sell. This is why the exchange rate moved up to balance this increased demand. Because market moved up some of the buy orders below the market level remained unfulfilled. So, yes. There is absolutely nothing wrong to say there are more people buying than selling bitcoins if bitcoin price is going up! No. If I buy a coin that nobody sold, where did it come from? |
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