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Author Topic: Why $17? Because this is happening...  (Read 8971 times)
Gabi
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January 24, 2013, 12:38:21 PM
 #41

It is no more 18$  Cheesy
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Rob E
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January 24, 2013, 02:04:11 PM
 #42

Actually this may have something to do with it :



Bitcoin is being driven by financials not by retail, I say.
What kind of chart is that?
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January 24, 2013, 02:07:05 PM
 #43

Actually this may have something to do with it :



Bitcoin is being driven by financials not by retail, I say.
What kind of chart is that?

Co-ask
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January 24, 2013, 02:22:19 PM
 #44

This thread is "so 23rd January"  Grin
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January 24, 2013, 03:07:13 PM
 #45

Maybe someone knows that something is going to happen, and that there are not many places to hide:

More than $114 billion walked out of the biggest United States banks this month, and nobody’s quite sure why.
http://www.businessweek.com/articles/2013-01-23/missing-114-billion-from-u-dot-s-dot-banks

LOL, its all going into Bitcoin!
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January 24, 2013, 04:34:01 PM
 #46

What kind of chart is that?

Some guy's Bitcoin assets/investments.

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evoorhees
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January 24, 2013, 04:48:39 PM
 #47

I think that the point was not that this particular company is especially significant but that we see this happening pretty much every day. Ever since WordPress hopped on board, the rate of new Bitcoin accepting merchants and organizations accepting Bitcoin donations has increased significantly.

Exactly
finkleshnorts
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January 24, 2013, 04:57:28 PM
 #48

Price is irrelevant, bitcoin's mainstream adoption is priceless. Utility FTW!

THIS!!!

I'm not going to get rich from my bitcoins, but more importantly, as Erik has said in his essays, society is made richer as a whole via adoption. Someday I, and many others, will be paid in bitcoin. Which is far more exciting to me than any return on a speculative investment.
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January 24, 2013, 05:01:34 PM
 #49

I think that the point was not that this particular company is especially significant but that we see this happening pretty much every day. Ever since WordPress hopped on board, the rate of new Bitcoin accepting merchants and organizations accepting Bitcoin donations has increased significantly.

Exactly

this there publicly available information on this?
i like to spread the work but i also like to back up my statements  Smiley

Bugpowder
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January 24, 2013, 05:20:54 PM
 #50

Actually this may have something to do with it :



Bitcoin is being driven by financials not by retail, I say.
What kind of chart is that?

Co-ask

That's the relative performance of my bitcoin portfolio.  Zero = unchanged, 1 = a doubling of portfolio value.

its pretty old though (from last night).

I'd post the latest but its formatted really big.
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January 24, 2013, 05:42:43 PM
 #51

Ok ( i'm really green on the economic front) but how does that relate to the usd. I mean what is the usd showing.
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January 24, 2013, 05:50:28 PM
 #52

I think that the point was not that this particular company is especially significant but that we see this happening pretty much every day. Ever since WordPress hopped on board, the rate of new Bitcoin accepting merchants and organizations accepting Bitcoin donations has increased significantly.

Exactly
Ok so is anybody keeping statistics of increases in companies accepting bitcointhat shouldn't be too hard to do yet you say the price increase is due to more companies accepting bitcoin yet you show no  evidence for that i thought most people would be interested how many more companies are accepting bitcoin i thought that would be quite a fundemental to gage how well bitcoin is doing and expanding,  you seem to pluck your statement out of thin air.  
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January 24, 2013, 05:54:26 PM
 #53

Erik not trying to be an ass, but... Don't you have an obligation with your shareholders to put feedzebirds back online instead of advertising for gogreensolar and cam sites on the forum?
I mean, it's offline for weeks. And don't tell me the wallet is still syncing, because not even a donkey will believe it.

bbit
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January 24, 2013, 06:43:56 PM
 #54

 Grin


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evoorhees
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January 24, 2013, 07:03:24 PM
 #55

Erik not trying to be an ass, but... Don't you have an obligation with your shareholders to put feedzebirds back online instead of advertising for gogreensolar and cam sites on the forum?
I mean, it's offline for weeks. And don't tell me the wallet is still syncing, because not even a donkey will believe it.

A very fair point. If I was the developer I'd get it back online asap, but the developer has several obligations he's trying to juggle. FZB will be taken care of, improved, and expanded, but it won't be done as quickly as anyone wants and I apologize for this. Worst case scenario I will spend my own funds to reinvigorate it and get it into the proper hands.
paraipan
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January 24, 2013, 07:21:29 PM
 #56

Erik not trying to be an ass, but... Don't you have an obligation with your shareholders to put feedzebirds back online instead of advertising for gogreensolar and cam sites on the forum?
I mean, it's offline for weeks. And don't tell me the wallet is still syncing, because not even a donkey will believe it.

A very fair point. If I was the developer I'd get it back online asap, but the developer has several obligations he's trying to juggle. FZB will be taken care of, improved, and expanded, but it won't be done as quickly as anyone wants and I apologize for this. Worst case scenario I will spend my own funds to reinvigorate it and get it into the proper hands.

^ I know that feeling, that's why I'm learning python...

BTCitcoin: An Idea Worth Saving - Q&A with bitcoins on rugatu.com - Check my rep
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January 24, 2013, 08:29:35 PM
 #57

Phewh. Going back to normal now

spiccioli
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nec sine labore


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January 24, 2013, 08:30:46 PM
 #58

Phewh. Going back to normal now

Yeah,

someone is dumping tons of BTC on every exchange...

spiccioli
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January 24, 2013, 08:34:51 PM
 #59

Huge pump and dump day.

evolve
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January 24, 2013, 08:43:57 PM
 #60

I think its because there has been a steady price rise, and hasn't been a major price crash in a while....people are trying to jump in before the bubble pops.

I'm betting we will continue to see the price soar, followed by a major crash sometime this year.  

The more merchants accept bitcoin, the more "money" stays within the BTC system. So it seems that this rise may be sustainable. On the other hand a 50% price increase within a month cries out for a correction.

I doubt that the number of merchants accepting bitcoins increased proportionally with the price of bitcoin. I'd be interested in a #BTCmerchants/#BTCprice ratio graph over time. But that would require someone to measure #BTCmerchants accurately.
Why would it cry for a correction.

Still wondering? Price raising too high and too fast for no reason, combined with profit taking leading to a panic sell.
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