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1  Economy / Speculation / Re: Bitcoin to rally to $50+ on: June 10, 2011, 08:40:41 PM
The bitcoin rush was a one-time fluke. There's not likely to be another influx of new investors after the price jump, especially with the market fluctuating so wildly. Investors are getting burned on its volatility.
2  Economy / Economics / Re: Is descentralized block creation important? on: June 10, 2011, 08:26:07 PM
Also small miners can more easily deal with or during the winter benefit from the waste heat of mining.
3  Economy / Economics / Re: THE PRICE OF BITCOINS IS CRASHING SELL SELL SELL on: June 10, 2011, 08:18:18 PM
A limit on trades per hour by one person could be useful.
It was back down to 22.8, then I refreshed and got 22.5. It seems that the limited demand for coins by actual merchants and the potential shutdown by the US government are starting to scare people away.

Price fluctuates wildly every weekend because wire transfers are disabled. You can't withdraw or add money by bank funds during Sat-Sun.

Take a look at historical data to back it up.
[/quote]A viable currency shouldn't fluctuate so much when it first takes off. People who bought at 30+ BTC took a huge bath and probably have no confidence in the Bitcoin market now.
4  Economy / Economics / Re: Are you going to trade hill instead of mtgox? on: June 10, 2011, 08:13:56 PM
I've never trusted their so-called "Dark Pools" that don't match real world dark pools. Dark Pools in the real market allow people to trade anonymously, Mt Gox Dark Pools allow someone to rush the price up or down (buy regularly and then sell dark or vice versa).
5  Economy / Economics / Re: THE PRICE OF BITCOINS IS CRASHING SELL SELL SELL on: June 10, 2011, 08:07:22 PM


Um, Hes actually correct, the price of bitcoins is crashing.

No, a group of speculators is pushing it up and down. It literally was down to $20 5 minutes ago and I refreshed the page 10 minutes later & trades were being done at $26.

A limit on trades per hour by one person could be useful.
It was back down to 22.8, then I refreshed and got 22.5. It seems that the limited demand for coins by actual merchants and the potential shutdown by the US government are starting to scare people away.
6  Economy / Economics / Re: I want you to have a look at this graph on: June 09, 2011, 04:11:00 PM
Your chart is obviously wrong, use the correct version next time...


By scaling up the value between lines like that, you're posting a deliberately misleading graph.
7  Economy / Economics / Legality of Mt Gox's dark pools on: May 28, 2011, 10:30:26 PM
I was wondering how they can get away with operating them, wouldn't such trading get them shut down if a government took a hard look at it?
8  Other / Obsolete (selling) / Re: will do repetitive mundane tasks for btc. on: May 28, 2011, 10:18:38 PM
I wouldn't mind doing that.
9  Other / Obsolete (selling) / Re: Good vibes on: May 28, 2011, 09:26:16 PM
Very funny.
Don't be rude, please.
10  Other / Obsolete (selling) / Good vibes on: May 28, 2011, 08:36:01 PM
I will think good thoughts about you for the low price of 1 btc (I don't believe in slicing up poor defenseless bitcoins). Consider the karmic benefits of this, not only will you be helping a poor, struggling college student who can't find work in this economy driven by "government money", you'll also have the benefit of being well-regarded by someone in the world. Address is in my signature. Thanks in advance.
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