FUD.... maybe they will take the opportunity to never open again  Amen to that |
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More panic buy today and tomorrow (I know I am European)...
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Proudhon's lair!  |
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So we've been hitting wall observer thread count parity... soon, Bitcoin will overtake Is there an upper limit on the counter?  |
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So if I deposit BTC from MTGox to Bitcoin 24 and withdraw there in Euro, transfering by wiretransfer the cash back to my Bank / MTGOX i can practically make extra cash, especially when selling out my BTC?
Currently at Bitcoin24 EURO 64.33, thats $ 82.73, means about $ 4 profit / 1 BTC.
For my 500 BTC it makes a difference in profit of $ 2000 !!! Is that real?
EDITED
So what happens when the price keeps rising and you've done a few trades like this and now all your money is in Euro on Bitcoin24 and you've ran out of BTC on MtGox ?
Then you need to start sending wires right ?
If you just wait a bit they will catch up in value anyway, unless there's some kind of reverse trend, correction or crash.
You shouldn't have to transfer fiat from Bitcoin24 to MtGox for the trade itself, you should do this with some extra fiat you'd otherwise wouldn't invest in Bitcoin. Selling at Bitcoin24 and buying at MtGox should be done within a few seconds, to minimize the risk the price moves within your trade. When the trade is done, you could send some or all of your excess fiat from Bitcoin24 to MtGox when you expect another situation where Bitcoin24 trades at a premium. The risk is that if you're inexperienced, it's easy to make some stupid mistake which could cost you lots of money. For that reason I prefer a buy and hold strategy. Same strategy for the same reason... There are not so many people in the world, who can follow Bitcoin 24/7 and have the resources to understand what is going on. That is why it seems that the market is mispricing things. We are the market, and we don't have any more capacity to arbitrage, it is currently maxed out, since to do effective trading, you need: - time - skill - money. I personally bought $130k during the last 21 hours in Bitstamp, admittedly paying more than in Gox, but I did it anyway, cold-bloodedly sending my money to the less liquid exchange because I knew I would get it there sooner. I sent a smaller chunk to Mt.Gox at the same time, yet it is still not there yet. Gox is already higher than my average entry price (of the last 21 hours). I anticipate we breach $100 tomorrow or Thursday with 40% probability, latest next Monday in 15% probability, later next week in 15% probability, and this spring in 15% probability. See, I think there is only about 15% chance that we will not break $100 (before the summer). Do you think I am the only one with time, skill, and money. Yes, maybe for now, but there will be more in the future. I know of many, that is why I am maxing out. We are in the process of making a killing. Just be careful with the "sell" button, it is red for a reason  Fast at 100$ and then sharp correction or big battle at 98-99$ and more stability after we hit 100$? |
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I think the current fair price would be 83.5$ (65euros). Europeans lead this time because they are in real hard times so they simply don't trust fiat.
It has begun...
@Proudhon forget single digits we will have triple real soon!
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10K wall again - everytime i see this a rally occurs!
Probably the guy who wants to buy huge amounts tries to prevent others from buying! What do you think?
I'm really not sure, it's strange behaviour. I wonder if someone's doing this to prevent the price from rising too high too quickly and to try and keep the growth at a sustainable rate. As a money-making strategy this makes very little sense, so I tend to agree it's someone trying desperately to cool down things. Whether to Bitcoin's benefit or detriment is unclear, though. It also makes little sense to dump on a weekend or first thing on a Monday, yet that's also happened. Oh well, someone loses BTC, someone else makes BTC... so the wheel spins round and round  How can people buy/sell so large amounts? This is not smart...all these vertical ups & downs make little sense for the serious trader. |
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So if I deposit BTC from MTGox to Bitcoin 24 and withdraw there in Euro, transfering by wiretransfer the cash back to my Bank / MTGOX i can practically make extra cash, especially when selling out my BTC?
Currently at Bitcoin24 EURO 64.33, thats $ 82.73, means about $ 4 profit / 1 BTC.
For my 500 BTC it makes a difference in profit of $ 2000 !!! Is that real?
EDITED
So what happens when the price keeps rising and you've done a few trades like this and now all your money is in Euro on Bitcoin24 and you've ran out of BTC on MtGox ?
Then you need to start sending wires right ?
If you just wait a bit they will catch up in value anyway, unless there's some kind of reverse trend, correction or crash.
You shouldn't have to transfer fiat from Bitcoin24 to MtGox for the trade itself, you should do this with some extra fiat you'd otherwise wouldn't invest in Bitcoin. Selling at Bitcoin24 and buying at MtGox should be done within a few seconds, to minimize the risk the price moves within your trade. When the trade is done, you could send some or all of your excess fiat from Bitcoin24 to MtGox when you expect another situation where Bitcoin24 trades at a premium. The risk is that if you're inexperienced, it's easy to make some stupid mistake which could cost you lots of money. For that reason I prefer a buy and hold strategy. Same strategy for the same reason... |
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10K wall again - everytime i see this a rally occurs!
Probably the guy who wants to buy huge amounts tries to prevent others from buying! What do you think?
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1 Buy
2 Hold
3 GOTO1
4  5 Profit! Error 4: unreachable statement LOL either there is a bug here in my code or indeed there is no profit in Bitcoin!! |
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To Bubble Bobble fans:
MAN THE FUCK UP! Don't act like girlie man, if you are afraid sell and get out of here enough of this crap....
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Sounds like the bugs are starting to like bitcoin. Bitcoin Bugs Oh NO!!! AGAIN??? Can't stand another fork!!! SELLL!!!!!! |
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If anything else Bitcoin is Platonic and anti-Aristotelian. That's why old goldbugs can't get it. They need sense perception (tangible) which is rather passe with 20-21st century science (mainly physics and computer science).
It is the first time in history (after general relativity, quantum mechanics and the software revolutions) that we have TECHNOLOGY based on the Platonian idea. Aristotelian deterministic Newtonian western civilization is history - some yet to catch up.. They will miss all the fun I suppose!
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Jesbus rice, don't you know that some of us were actually going to try to focus on working today?!
I've given up on work... Working to pay taxes? No thanks. I quitted my job...March 29th my last day as a wage slave!! Wow, congratulations! May I be so bold as to ask you how many coins you approximately own? And did you sell some just in case or are you holding on to most of your coins? Enough to live comfortably 2 years (+wife +1 kid) and in the meantime pursue my own interests and hoping to engage full time on the whole bitcoin ecosystem. I am in talks with various software companies in where I live and try to make them adopt bitcoin into their technology as a payment system, investment, tool etc. One of them (a GPS navigation startup with a patent) is really interested in providing stocks just like S.DICE and developing a system rewarding users with BTC while they use their software. I think this can be huge!... Also I am interested in bioinformatics and how the hell we can combine bitcoin with the genomics revolution. Huge field there I think (anyone heard of 23andMe?). Many more ideas.... Oh and I hoard as much as I can - I spend some in the past on SR for Ritalin, S.DICE and Pyramining.. |
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Jesbus rice, don't you know that some of us were actually going to try to focus on working today?!
I've given up on work... Working to pay taxes? No thanks. I quitted my job...March 29th my last day as a wage slave!! |
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