It's coming with Santa  (And it's 20% up last month.) |
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I love your charts  |
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I believe it works like this.
In my example 1 EURO = 1.50 USD and Mt.Gox adds a 2.5% exchange fee between currenies.
I place a ask order @ 12.00 USD. This order will also show up at 8.2 EURO. (12 / 1.5 * 1.025)
I place a bid order @ 11.50 USD. This order will also show up at 7.475 EURO. (11.5 / 1.5 * 0.975)
When most orders are placed in USD, it will give a bigger spread at the EURO market because of the 2.5% exchange fee.
If I then place a ask order @ 8.40 EURO, it will show up at 12.915 USD. (8.40 * 1.5 * 1.025)
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Bitcoin are perfect for online gambling. I love to see Bitcoin being discussed at the 2+2 forum ...and of course what BitInstant is doing  |
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I like using Canvirtex. I find it frustrating sometimes how much they lag in price though. I'd like to see Mtgox become a bit more user friendly for Canadians. There would be a big bump in price and volume at Canvirtex IMO as arbitrage kicks in. Right now I only have Arr!-bit-rage!
where's this virtex trade site |
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I think the Mt.Gox GBP market is interesting 8.04712 GBP ~ 12.8955098 USD |
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The demand is constant.
The cost of mining silver goes up.
More miners need to sell silver to break even.
I am having a very hard time to understand the logic behind your thinking: 1) The demand is constant. (assuming this is true) 2) The cost of mining silver goes up. (cost per coin) ===> More miners need to sell silver to break even. If mining makes money, why sell to "break even"? If mining loses money, the more you sell, the more you lose, right? Since there are only a little group of people mining silver, and the cost isn't high, they only sell a share of what they mine at a price they are satisfied with. But when more people start to mine, more silver must be sold to cover the expenses. The harder competition to sell silver pushes the price down. But I could be wrong |
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Imagine there's a remote island with the majority of population are either directly involved in or know about mining. A lot of people have equipment for gold-mining, a much smaller group of people mine silver.
Now for some reason many gold miners joined silver mining and double the number of silver miners; but no matter how hard they try, the total silver mine output stays the same.
What do you think? should the silver price rise? or fall?
LTC hash rate and difficulty are doubling comparing to pre btc-halving days, should the price double from 0.005 btc to 0.01?
So... The demand is constant. The cost of mining silver goes up. More miners need to sell silver to break even. I guess harder competition will push the price down. |
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It was the Mitt Romney blackmailing.
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This is exciting |
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And unlike btc people have known about ltc from the start there is no early adopter problem with it anyone who wanted to be one has done so or had the opportunity to do so.
I didn't know about LTC from the start, and only a small percent of people know about LTC today, so that's not true. If you were on the forum just over a year ago there were announcements, discussion of the launch procedure, contest/vote for logo design all kinds of shit like that so if you or anyone else weren't here for it tough luck, unlike BTC most have no damn excuse if they did not adopt it as on here it was well know what was going on. Just like people would know about Bitcoin from the start if they were on the Cryptography Mailing list at metzdowd.com in january 2009. Well they had a lot better chance of it with this forum than some obscure mailing list that most people have never heard of, hell most have never heard of a mailing list, go troll elsewhere. PLONK lol. Most people have never heard of this forum |
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And unlike btc people have known about ltc from the start there is no early adopter problem with it anyone who wanted to be one has done so or had the opportunity to do so.
I didn't know about LTC from the start, and only a small percent of people know about LTC today, so that's not true. If you were on the forum just over a year ago there were announcements, discussion of the launch procedure, contest/vote for logo design all kinds of shit like that so if you or anyone else weren't here for it tough luck, unlike BTC most have no damn excuse if they did not adopt it as on here it was well know what was going on. Just like people would know about Bitcoin from the start if they were on the Cryptography Mailing list at metzdowd.com in january 2009. |
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i think halving day will be stable
But will December be stable? |
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$20 before new year |
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And unlike btc people have known about ltc from the start there is no early adopter problem with it anyone who wanted to be one has done so or had the opportunity to do so.
I didn't know about LTC from the start, and only a small percent of people know about LTC today, so that's not true. |
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