First or oldest coins must be valued differently, as they are somehow special. I'd like to buy bitcoins mined from the first 10 blocks, for as much as 1 bit cent for 1 BTC. May be such markets not opened up yet..  |
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Sorry guys. Offer ends.  |
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Not you. |
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People disappeared, when I said we go through escrow.. So sad. |
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Sorry, I should have mentioned USB variation.
Asicminer block errupter USB.
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1 BTC = 97 USD.. $100 is just a blink away... |
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ASICMINER BE, has enough area, if covered with solar panel, to power itself? Just curious.. |
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Sorry, I want BTC again. Please quote in XRPs. I have 40000 XRP. :8 |
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Interesting. Let's upgrade, if there are no delays.
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@mogumodz, If this miner shipment is in October, then is it possible to delay payments to KNC miner for a month or so. Problems with mtgox USD payments are now resolved, so exchange rate is expected to go up quickly. If it shoots up twice the rate now (around $200), then you can consider buying another miner and distributing hashrates to shareholders.  My question is, how long you can delay the payments to KNC? what's your strategy? |
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Hi guys, I'll quit. Sorry. I've decided to hold XRPs till 2014 Q1. 5.2 BTC was needed to buy mining shares. |
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Need 4.7 BTC, to buy mining shares. 1. I pay 0.1 btc for escrow 2. You pay 4.7 btc to escrow 3. I transfer xrp to your address 4. After showing transfer proof, and both of us confirm, escrow sends btc to me. Monthly average is, 61,103÷9,286 =6.58012061 BTC http://bitcoincharts.com/markets/rippleXRP.htmlDeal? Edit: added steps.. Edit2: added monthly average.. |
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no more than 5 million (in a set) was required to drop the price below 200 and prevent its' short-term return. It would appear that, no more than 10 million (in a set) was required to drop the price below 150 and prevent its' short-term return. This was also during the highest volume times that BTC has seen, in it's entire life.
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Thanks. When someone is willing to spend money to keep exchange rates low, then it is easy to scare away initial / naive investors. |
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The cost would not be in actually trading on the exchanges but rather connections, media bias, regulatory actions, etc.
ok, I agree.. but, let's not add any more parameters to the problem. my question is that, we have a fixed money inflow,how much would it take to keep it down. |
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Why the interest in what it takes to keep its valuation down?
If the purpose of BitCoin (and other cryptocurrencies) is to replace 'real' fiat currencies, I think their effect should be largely ignored. Maybe right now it's a good thing their is an exchange rate, but eventually we'd want these 'hard' currencies to go away, right?
That would be the ideal case, but that will take a long time to happen, or it will never happen. Till then, we have to deal with exchange rates, speculations, and conspiracy theories. |
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If there is a trading entity whose goal is to push down BTC exchange rates, then what is the minimum amount required to prevent BTC exchange rates to go up.
Exactly the same amount of money that is going in. No, my guess is one hundredth to one tenth of money is enough. An experienced trader can turn the market upside down. I'm no expert, let's see what others have to say. |
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Lets assume bitcoin generates interest among general public, and every month, the amount of money comes in to bitcoin exchanges is $5 million; and other markets like euro, GBP, yen, etc. are negligibly small and lets say everything together, about $10 million constant money inflow to exchanges.
If there is a trading entity whose goal is to push down BTC exchange rates, then what is the minimum amount required to prevent BTC exchange rates to go up.
One more assumption; BTC exchanges are fair and they are not colluding.
Another fact: There are limited number of units (about 11 million BTC, if smallest possible trading unit is mBTC, then there are 11 billion mBTC). I am not sure but just hope this count also contributes to price movement.
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I am not sure whether I have to post this to speculation, but this is more of a trading / exchange rate question.
Lets assume bitcoin generates interest among general public, and every month, the amount of money comes in to bitcoin exchanges is $5 million; and other markets like euro, GBP, yen, etc. are negligibly small and lets say everything together, about $10 million constant money inflow to exchanges.
If there is a trading entity whose goal is to push down BTC exchange rates, then what is the minimum amount require to prevent BTC exchange rates to go up.
One more assumption; BTC exchanges are fair and they are not colluding.
Another fact: There are limited number of units (about 11 million BTC, if smallest possible trading unit is mBTC, then there are 11 billion mBTC). I am not sure but just hope this count also contributes to price movement.
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Thanks.. For 0.5 BTC, you'll get 5/13 of profit, of one share.
Anyone wants to join us for 0.2 BTC for the rest of 2/13 part of 1 share.
I'm also open for other options like escrow, etc.
Otherwise, You can directly send your BTC to johnk, we'll show 2 to 3 trxns for 1.3 BTC buy to 'mogumodz'.
But, let's wait for all 3 to confirm.
@mogumodz, is that OK with you?
3 people paying 1.3 BTC as ( 0.6 + 0.5 + 0.2 ) and they will get fractional profits as 6/13, 5/13 and 2/13 respectively.
Otherwise, I can also distribute profits as I receive it.
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