I think everyone who is here for other than just TP (Fiat) earnings is long term bull, so you just have to decide on your short term!  Yep. There is no way to short large amounts of BTC, so that is true. |
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I think its funny that there's actually a fairly large player with a last name that starts with M.
somebody the community or vc community would know? |
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FUD FUD FUD... makes you just want to give up and sell. |
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Keep in mind that if large ask walls are placed to push the price down to buy lower, the inverse applies. That big bid wall is most likely going to drive the price up before a selloff
True. It could be the same person that will even sell into himself to make people give up and sell. The only thing that is true is that heavy hands are starting to play at mtgox. Since, BTC can't be effectively be shorted, they are all by definition long. The price will go up in the long run. |
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This is classic market maker type manipulation. The price will be much higher soon.
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By the walls being setup-- someone, without question, wants you to sell your BTC.
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I must say that I strongly suspect MTgox.
I don't believe there is any economic incentive to dump BTC like this as a long investor. It has to be someone that is getting massive amounts of BTC without buying them.
MTGox makes money off trading and dumps like this creates massive trading days and brings out traders.
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You get two votes per user. I'm also allowing people to change their votes based on discussion.
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Is there any reason a mining pool owner might want the BTC price to go down?
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Am I understanding correctly?
The blockchain enables empirically verified transactions.
Why do we need exchanges? All we really need to do is measure the historical community trust of individuals. Isn't the bottleneck always trust from individuals on ebay, or even the exchanges themselves?
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The bot also seems to hit the bid with .01 after each trade so the last price appears to be lower. You wouldn't think it would be all the effective, but someone just offered 250 BTC at 13.687 when the next highest offer (with volume) is 13.76ish. Over time, it shakes out cheaper BTC.
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An incredibly useful aspect of Bitcoin is the ability to send microtransactions. In fact, my second transaction was sending a small tip to the guy that made this: http://www.youtube.com/watch?v=fJgeoHBQpFQ. I propose we have a day dedicated to tipping people in an effort to create awareness about this aspect. I'm not completely sure of all the techniques that could be employed, but btctip, reddit bitcointip, and coinapult come to mind. Perhaps someone with more time and community influence could pick a day, name the day, and organize the event. Some names off the top of my head... Tuesday Tip day Micro Monday Karma day Ideas? |
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After some research--
I discovered Kim Dotcom mistook his queue-poll-dancer-stage-spotlight with his oh-shit-it's-a-raid button on his remote.
All is well.
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Buyers all around... why dump at least 12,000 coins at market? Liquidity test?
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As was discussed on the previous thread. This is the look of a successful launch phase. Where it goes now depends on the efficacy of the product.
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I like these kinds of posts!  Thank you! Even if BTC doesn't emerge into some sort of default currency and it just becomes a secure store of value, an Apple marketcap is not unreasonable. |
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Fun with marketcaps.... | Investment | Marketcap | BTC price @ 10.5 Million float | | Websense | $520 Million | $49.52 | | Shutterfly | $980 Million | $93.33 | | Groupon | $2.5 Billion | $238.10 | | CNA Financial | $7.6 Billion | $723.81 | | Paychex | $12 Billion | $1,142.86 | | Barcays | $50 Billion | $4,761.90 | | Visa | $120 Billion | $11,428.57 | | HSBC | $190 Billion | $18,095.24 | | Apple | $500 Billion | $47,619.05 | | Gold (165,000 tonnes at end of 2009) | $10.1 Trillion | $961,904.7 |
To the people that say they don't want the price to rise too quickly... If you are a hedgefund with a few hundred million under managment, you don't even look at stocks until they reach a certain marketcap. How would an alternative fund go about buying $5 million in BTC? Once we hit a $1 billion, for reasons of liquidity, BTC actually becomes safer. Don't let me them shake you out. We've got a long way to go. Any other fun stores of value or currencies we can compare BTC to? |
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This Hype cycle is exactly what it sounds like. Products are hyped beyond their immediate usefulness. They crash. The good ones find traction and steadily increase. The momentum and duration of the post-hype cycle growth depends on the technology.
Our marketcap is 130 million. We haven't seen anything yet. Trust me.
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