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Economy / Speculation / Re: Do Partial Purchases still push up price?
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on: November 26, 2013, 12:05:11 PM
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Depends on what the orderbook looks like.
If there are 1,000 coins for sale at $900, 0.5 really does nothing other than now needing 999.5 coins to push the price over $900.
I used to be able to move the price around on Bitfloor with <1 BTC (this was after the April crash). Then one day I took a nap, woke up, and saw that I had 5 minutes to convert my USD into BTC because the exchange was shutting down.
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233
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Alternate cryptocurrencies / Altcoin Discussion / The Cryptocurrency Bubble
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on: November 26, 2013, 11:08:07 AM
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The current rise in crypto prices is similar to the 90's tech bubble. Lots of worthless coins seemingly going up in value. Chances are, a good chunk of these coins aren't around two or three years from now. But speculators gonna speculate.
So which coin survives?
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234
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Economy / Speculation / Re: Schiff is so jealous
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on: November 26, 2013, 10:13:47 AM
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Lol...people did try telling me about it 2 years ago, but I didn't pay attention at first because it was after the mtgox hack.
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237
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Economy / Speculation / Re: Tired of the 800's
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on: November 24, 2013, 01:22:41 AM
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I don't understand your logic. If you believe in bitcoin why sell it? To buy what? If you don't need to sell then why do it. The only option I see as a reason is to pay off debt and to live a debt free lifestyle. If not. Just hold eventually you will just spend them like normal and you will spend less than you need because the value will continually increase. Not to mention.... 40% tax on that!!!!!! Go ahead cash out for cash, pay taxes on it. Or just sit on it and just spend it. No tax! hmmmmmmmmmm
Basically, I have enough, and more. Well, if that's the case. 1HuuzPTTcM41KQ7thEfQ2g1bwbW2KEEgCc  |
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And he called me a cheapskate at first too....
