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Thing is that Bitcoin has been running well for 5 years with the current paradigm. Fees are slowly rising and there is no reason to think that they can't supersede (swamp) the block reward in 10 or 20 years as Satoshi intended.
This type of experiment could be done with an alt coin. There are at least 100 of them. If it somehow proves to be a remarkable success then maybe something could be learned from it.
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I thought we might see consolidation at around $300 for while, but the highlighted article on Zerohedge saying BTC could go to $1m is dynamite.
Bring on $400.
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Can anyone explain why anyone would sell on Btc-e for less than they could get on Stamp? Is it because of trading between LTC and others or something?
This puzzles me too. Who would move coins to btc-e to sell, and who would move fresh fiat to mtgox to buy? Especially as the price is firmly in 3 digits, the difference in $$$ terms becomes very significant. |
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Based on the peak and flash-crash low, the equilibrium price for bitstamp is $311 and mtgox is $338
I would expect stabilization around those until Monday when more fiat arrives, pressing the uptrend. Perhaps less likely is lack of new fiat and another bout of profit-taking occurs.
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Remind us again what price you sold out at? |
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What am I supposed to see? Flipped bid/ask in orderbook?
Its really not all that odd.
left is bitstamp, right is mtgox - concurrently. |
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Now the market is taking a breather and mtgox has had a lot of coins withdrawn - the deprecated value of mtgoxUSD is most apparent.
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Still waiting for 1 Bitcoin = $1 Million .
Just take the dog for a walk. |
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btcchina, this is crazy.  House prices 22x household annual income. China loves crazy!  |
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The most impressive thing about this Chinese run up is that is coming on huge volume, the most we've seen there during this rally.
We could literally see them run all the way up to 3000 ($482) in the next 24 hours.
Meanwhile, if that happens I literally think the other exchanges are going to sit there and watch it happen.
Which could be a good thing. If the other exchanges don't react on the way up, they probably won't react much on the way down.
The arbitrage opportunities for those with the means will be too great to keep a large price difference going for long. ~17% difference between Stamp and btcchina atm. Sweet arbitrage gods... Hard to believe that arbitrage isn't possible and worth while for some. So, is there anyone doing this? If Ripple is good for anything it should close this arb gap. bitcoin without ripple: ...what the fuck is ripple?
It sure is nice to be able to move funds from one exchange to another using Ripple. This lets me perform arbitrage. For instance, let's say the XBT/CNY market is overpriced. Ripple might have a path where I can move CNYs at one exchange (e.g., RippleCN) into USDs at another exchange (e.g., Bitstamp) without much of a cost. This benefits Bitcoin as it helps to keeps markets efficient. As a result of my transaction, Ripple gave me incentive to bring my bitcoins to the XBT/CNY market where supply was tight, and because of Ripple I could absorb some of the supply at Bitstamp by buying "cheap" bitcoins from their XBT/USD market. I fail to understand why such a useful tool gets so much hate around here. |
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Well, they have to break through the 4000s to get to the eights...
Damn right. Has anything in China ever sold for as much as 4444 before??? |
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nearly halfway to 2600.. oh lardddddddddd
100% in a few days. That is going to yo-yo really hard... |
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Inputs was not hacked through a flaw in the service, but rather through compromising a chain of emails that allowed the attacker to reset the password for the hosting account control panel.
Sorry to hear the news TF. Very bad luck and shows what a snake-pit the internet is.  |
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Reminds me of this old master from the archives:  But are we in the foothills, like the move from $20 to $36? |
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Satoshi he say "Cheap Bitcoin no more. Should mine sooner!" |
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This is the ultimate article. All you need to read is the headline!
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everytime i think about buying back in the price really moves
EVERYTIME
so annoying!! grrr
Mt Gox looks to erupt again They really are going to run out of coins... |
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