Economic theory cannot be wrong, too many books have sold!
Economic theory is full of holes. It's just better than using guessing as a basis |
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i hope they put gox out of business. it would do the bitcoin world a favor.
+1 |
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You idiot. That was just some dude being fired from the company. ATM did indeed debut and it's cool as!! |
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Meh... It's a good thing.
Silkroad gives bitcoins a bad wrap, it was great to get it started, but surely there's enough vc being pumped in now that we can move beyond the black market ebay?
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This is an important event but I don't think this is a major one, since its a small event to showcase the technology, however the outcome is simple to predict me thinks, if mainstream media (Cnn, bbc, bloomberg, etc) covers it as an important event = price up , if mainstream media ignores the event as if it never happened, this no price change or whatever trend happening right now (seems to be trending downwards) will continue.
Well I guess we'll have to wait and see. It's certainly good for the long term view. Oh well, off to bed now, guess I'll have to see how much money I've lost in the morning. All these red arrows makes me want to sell, but I can't because I'd be selling at a loss. Actually I don't want to sell that much $130 seems like a good price, I just bought in too high |
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So we're a few months down the road now, do you think it actually impacted the price at all?
It's a bit hard to tell through all the noise.
If BFL ever ships do you think we'll see an impact?
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Another misleading thread on the same story? The ATM's are going to be shown today to a select group of people that they are working and are not "released" anywhere yet. This isn't news because another company did the same thing in February. http://news.cnet.com/8301-13578_3-57570925-38/need-bitcoins-this-atm-takes-dollars-and-funds-your-account/No company has mentioned their plans to deal with each Nations and localities regulations and currency exchange. There are also other issues that must be dealt with before there are usable machines available to the public. If it happens great but, until an average joe can put cash in one and get a BTC receipt it is still speculation. The presentation in February seems to correlate to an increase in price. However since this isn't more news just more competition trying to get to market I'm not sure how much impact it will have. That one looks more like a hobbyist attempt- although neat- doesn't look serious and maybe for a few sales in a bar it's ok. This new ATM look s like the real deal- ( we dont yet know if it's the real deal or just a bunch of shiny plastic. Still I don't think it will have any impact as yet. I agree that the ATM itself won't have any impact.. It's just an ATM. However, if it turns out that it's not just shiny plastic, I think it'll have a big impact on the price. It legitimises bitcoin and makes it accessible, I'm sure the speculators will appreciate that. A few of these ATM's deployed in economically sketchy Europe, and it could be the start of a new trend. |
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Hmm that other companies ATM machine looks shit though... At least the guy leading this one has been on TV a couple of times. |
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What's an angry dog run? The first google hit for me is this very thread.
+1 as a non-native speaker I have trouble decoding it  maybe some sort of FUD? Haha.. I'm glad someone picked up on it. I made it up, why should dead cats get all the fun? Angry dog run: Where the price runs away like an angry dog playing fetch. That is the price shoots up hard, and comes back almost as quickly |
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I'm surprised to see the price dipping so much so close to the release.
I think we really are in for an angry dog run. I wish I could send more money to Gox right now.
What's worse is I had an order set at 134, but I panicked and bought at 144 never saw this coming, ah well nothing to do but wait.
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Maybe we should split the bitcoins in inches or feet? Hardly anyone in the world is using the metric system, right...?
I agree, the metric system is way too confusing. Lets use degrees instead of feet though. We can then split a bitcoin into 360 separate units called degree bitcoins, or dBTC. Then dBTC can each be split into 60 minutes per degree and 60 seconds per minute. That is way easier than this metric system fad. Guys... why do we need to reinvent the wheel??It's simple! This stuff has been worked out. Answer: We adopt the same system as the English pounds shillings and pennies. Adopt a system designed for currency, duh!!!1 bitPound = 20 bitShillings 1 bitShilling = 12bitPennies 1 bitPenny = 2halfpennies or 4bitFarthings 2 bitfarthings = 1 bithalfpenny 2 bithalfpence = 1 bitpenny (1d) 3 bitpence = 1 bitthruppence (3d) 6 bitpence = 1 bitsixpence (a 'tanner') (6d) 12 bitpence = 1 bitshilling (a bob) (1s) 2 bitshillings = 1 bitflorin ( a 'two bob bit') (2s) 2 bitshillings and 6 bitpence = 1 half bitcrown (2s 6d) 5 bitshillings = 1 bitCrown (5s) Couldn't be simpler... why all this confusing metric stuff??? At these rates we're near 1bitpenny = 1USD. A perfect conversion rate. |
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https://bitcoinatm.com/Bitcoin atms are being launched on the 2nd I think this is a fantastic service and great for the long term of bitcoin. My question is, what impact do you think this will have on the short term price? Presumably a few people sticking a $100 in isn't going to do much, nor could people get out amounts large enough to make a big dent, so the question becomes how will the press & speculators see it? In my opinion this is the most exciting innovation to happen to bitcoin yet, do you reckon it'll get the press coverage it deserves? Cyprus is in trouble again, while I think people are a lot more cautious since the last bubble, it seems we have much stronger factors in place now for an angry dog run.
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Silk Road really can't have much to do with the price of bitcoin right now. People who are inflating the price aren't the users of that site. Money in should roughly equal money out on SR. The site shouldn't affect the big players, do you really think investors are putting 100k in bitcoin because they think the druggies are going to drive up the price? Quite the opposite in fact. Bitcoin being used for illicit activities is a risk for the big investor.
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Price will go up if SR is down hopefully. Less coins to be sold.
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Meh, seriously what is so great about cryptocurrencies?
I put it to you that fiat has a long way to go, and after fiat there's no guarantee cryptos will take over
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boring is good.  No. It isn't if you like to do daytrading, or at least have some fun staring at bitcoinity. My bot has made over 100 trades the past couple days... It is this kind of stable market where daytrading profits come easiest. In more volatile markets, the risk is way higher. Sure the reward is too, but I prefer reliable profits and a liquid market. And I think most merchants and consumers would agree with that last point. What exactly does your bot do? Oh and guys, you realise it's only just turned Monday where it matters... I'd say we're on the verge of a breakout |
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This isn't related to speculation.
It's a bad idea. Why don't you just spend your entire salary on bitcoins?
Then you can struggle around trying to convert them back to fiat whenever you want to do anything useful, like buy food.
If you're lucky enough to be near a bitcoin atm this might not be so hard to do... Still why bother.
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