Bitcoin Forum
December 05, 2016, 10:53:00 AM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 4 5 [6] 7 8 9 »  All
  Print  
Author Topic: Bitcoin in RALLY mode  (Read 21041 times)
Babylon
Sr. Member
****
Offline Offline

Activity: 336



View Profile
January 03, 2011, 01:48:10 AM
 #101

I notice the price is up around 30 cents.

I am not sure why prices need to keep going up in order for more businesses to accept bitcoins though, Just so that bitcoins in circulation are worth enough for it to be a worthwhile market to tap into? or?

1480935180
Hero Member
*
Offline Offline

Posts: 1480935180

View Profile Personal Message (Offline)

Ignore
1480935180
Reply with quote  #2

1480935180
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
FreeMoney
Legendary
*
Offline Offline

Activity: 1246


Strength in numbers


View Profile WWW
January 03, 2011, 03:25:58 AM
 #102

I notice the price is up around 30 cents.

I am not sure why prices need to keep going up in order for more businesses to accept bitcoins though, Just so that bitcoins in circulation are worth enough for it to be a worthwhile market to tap into? or?

It's more the reverse I think. If it is used more widely then the value relative to other currencies will go up. But there is causation the other way too.

It would be pretty hard to buy a house with bitcoin right now since you would need more than all of them, but as you went to get them you'd drive the price up yourself. The trouble is that the deal is hard to work out, what do you say buy bitcoins until you've spent $2M USD and give me that many? That doesn't exactly give incentive to get the best price on them. The other way has the same problem "Keep giving me coins until I've sold them for a total of $2M" now I don't have much incentive to get a good price and we're denominating in USD anyway.

So wider trading will allow bigger trading which will open up more opportunities making the economy wider... but it won't happen all at once.

Speculating (by buying now) that it will happen eventually will help it to happen faster too. Offering to trade goods and services will help the most though.

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
Bruce Wagner
Sr. Member
****
Offline Offline

Activity: 336


View Profile
January 13, 2011, 07:01:34 PM
 #103

Holy Moly! Bitcoin is seeing another SURGE! It just hit $0.40 per
Bitcoin! It was only $0.06 only 3 months ago.

http://mtgox.com/trade/history
S3052
Legendary
*
Offline Offline

Activity: 1946


BTC Up or Down? go to www.bullbearanalytics.com


View Profile WWW
January 13, 2011, 07:04:13 PM
 #104

Holy Moly! Bitcoin is seeing another SURGE! It just hit $0.40 per
Bitcoin! It was only $0.06 only 3 months ago.

http://mtgox.com/trade/history

Yes, we are in an acceleration phase of a big , high volume rally.
At this stage, selling is not really needed from a technical perspective (unless people really need cash or need to buy sth with bitcoins in the short term)

>15years analysis experience

Always do your own due diligence & consult your financial advisor. Never invest unless you can afford to lose your entire investment.

http://twitter.com/BitcoinAnalyst

Subscribe here
Bruce Wagner
Sr. Member
****
Offline Offline

Activity: 336


View Profile
January 13, 2011, 07:05:21 PM
 #105

A quote from the beginning of THIS THREAD....

Next big target is the all time high around 0.08

Those who are pessimists will always be pessimists.    Smiley

Meanwhile....  those who are putting ALL of their money into bitcoin......    are very pleased.    Smiley

A 666% increase in 3 months time....   How much is THAT annually...?   2664% per year?
fabianhjr
Sr. Member
****
Offline Offline

Activity: 322


Do The Evolution


View Profile
January 13, 2011, 07:16:38 PM
 #106

A quote from the beginning of THIS THREAD....

Next big target is the all time high around 0.08

Those who are pessimists will always be pessimists.    Smiley

Meanwhile....  those who are putting ALL of their money into bitcoin......    are very pleased.    Smiley

A 666% increase in 3 months time....   How much is THAT annually...?   2664% per year?

Hey, magic must be involved. You consulted with *censored* and must be burned alive.
D:>   <---Tin Hat

LOL just joking. This is awesome! Going to start a market here in Mexico when I figure RoR out.

Hal
VIP
Sr. Member
*
Offline Offline

Activity: 314



View Profile
January 13, 2011, 09:28:08 PM
 #107

The danger is if people are buying bitcoins in the expectation that the price will go up, and the resulting increased demand is what is driving the price up. That is the definition of a BUBBLE, and as we all know, bubbles burst.

Hal Finney
S3052
Legendary
*
Offline Offline

Activity: 1946


BTC Up or Down? go to www.bullbearanalytics.com


View Profile WWW
January 13, 2011, 09:36:35 PM
 #108

The danger is if people are buying bitcoins in the expectation that the price will go up, and the resulting increased demand is what is driving the price up. That is the definition of a BUBBLE, and as we all know, bubbles burst.

what you say is pure speculation.
how do you know when to define it as a bubble?
we may talk about a bubble when BTC/USD is at current value, at 100$, at 10,000$, etc.
currently, there is no technical evidence for a bubble

>15years analysis experience

Always do your own due diligence & consult your financial advisor. Never invest unless you can afford to lose your entire investment.

http://twitter.com/BitcoinAnalyst

Subscribe here
jimbobway
Legendary
*
Offline Offline

Activity: 1380



View Profile
January 13, 2011, 09:40:29 PM
 #109




░░░░░░░░░██████░░░░░░░░░░░░▄▄▄
░░███░░██████░░░░░▄▄▄▄▄░░██
░░███░░█████████████
░░░░░░░░██████▀▀██████████
░░░░░░░░██████░░░░░██████████
░░░░░░▄▄▄▄▄▄░░░▄▄▄░░░░███████
░░░░░██████░░░███░░░░███████
░░░░░██████░░░███
░░░░░███████▄▄▄▄▄████████
░░░░░████████████████████
░░▄▄▄▄▄░░█████░░░░█████████
█████░░█████░░░░█████████
█████░░░░░░░░░░░░█████████
█████░░░░░░░░░░░░░█████████

START GETTING PAID FOR YOUR ATTENTION!
███████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████
JUSTICE IN THE WORLD OF ONLINE ADVERTISING!

BUY MASS COIN 】【 ICO PROSPECTUS
VISIT OUR WEBSITE
TWITTER 】【 FACEBOOK 】【 TELEGRAM

Cryptoman
Hero Member
*****
Offline Offline

Activity: 728



View Profile
January 13, 2011, 09:40:54 PM
 #110

Yes, all pricing in a free market is the result of supply and demand.  The problem is determining which part of demand is reasonable and which part is "irrational exuberance."

"A small body of determined spirits fired by an unquenchable faith in their mission can alter the course of history." --Gandhi
S3052
Legendary
*
Offline Offline

Activity: 1946


BTC Up or Down? go to www.bullbearanalytics.com


View Profile WWW
January 13, 2011, 09:43:10 PM
 #111

exactly, most of the times, people call the top way too early.

this also applies for insiders of companies

>15years analysis experience

Always do your own due diligence & consult your financial advisor. Never invest unless you can afford to lose your entire investment.

http://twitter.com/BitcoinAnalyst

Subscribe here
Babylon
Sr. Member
****
Offline Offline

Activity: 336



View Profile
January 14, 2011, 01:47:07 AM
 #112

The danger is if people are buying bitcoins in the expectation that the price will go up, and the resulting increased demand is what is driving the price up. That is the definition of a BUBBLE, and as we all know, bubbles burst.

It could be a bubble, on the other hand if the increase in price, even if driven purely by speculation, encourages more businesses to accept bitcoin as a form of payment that can serve as a real foundation for a bitcoin economy.

ShadowOfHarbringer
Legendary
*
Offline Offline

Activity: 1470


Bringing Legendary Har® to you since 1952


View Profile
January 14, 2011, 04:07:46 AM
 #113

The current prices are rising constantly high even on a high trade volume. So I wouldn't say this is a bubble.

Mtgox BTC/USD is back to ~3,30 currently. I think this is the "normal" price, 0,40 was speculation.

FreeMoney
Legendary
*
Offline Offline

Activity: 1246


Strength in numbers


View Profile WWW
January 14, 2011, 06:14:06 AM
 #114

The current prices are rising constantly high even on a high trade volume. So I wouldn't say this is a bubble.

Mtgox BTC/USD is back to ~3,30 currently. I think this is the "normal" price, 0,40 was speculation.

I don't think there is a bubble either, but why would high volume imply that? For example, didn't houses turn over faster during the bubble than during other times?

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
Timo Y
Legendary
*
Offline Offline

Activity: 938


bitcoin - the aerogel of money


View Profile
January 14, 2011, 10:11:52 AM
 #115

The danger is if people are buying bitcoins in the expectation that the price will go up, and the resulting increased demand is what is driving the price up. That is the definition of a BUBBLE, and as we all know, bubbles burst.

Even if this is a bubble, it's unlikely to burst as long as there is a steady influx of new users and new businesses accepting Bitcoin.

We are still a long way away from market saturation.

10 million users 2 years from now I think is possible, if the history of other p2p networks is any measure. Say that each of those users spends $100 to buy Bitcoins on average.

The Bitcion economy would be worth 1 Billion USD and the naive exchange rate would be approx 1 Bln USD / 10 Million BTC = 100 USD/BTC.

GPG ID: FA868D77   bitcoin-otc:forever-d
TTBit
Legendary
*
Offline Offline

Activity: 1136


View Profile
January 14, 2011, 05:43:56 PM
 #116

$8500 just crossed the tape, 40c - 44c

good judgment comes from experience, and experience comes from bad judgment
S3052
Legendary
*
Offline Offline

Activity: 1946


BTC Up or Down? go to www.bullbearanalytics.com


View Profile WWW
January 22, 2011, 11:40:32 PM
 #117

The rally is continuing.

As a side note, I am just wondering, who is the one selling 20,000 BTC at 0.51 in the order book?

At least from a market analysis standpoint, this does not make sense at all. 0.5 is really not a strong barrier. It's purely psychological.
The only fundamental reason could be that this person needs the money quickly.

(and now I stop speculating about this .. but I am just curious about that to be honest)

>15years analysis experience

Always do your own due diligence & consult your financial advisor. Never invest unless you can afford to lose your entire investment.

http://twitter.com/BitcoinAnalyst

Subscribe here
davout
Legendary
*
Offline Offline

Activity: 1358


1davout


View Profile WWW
January 22, 2011, 11:44:54 PM
 #118

Psychological barriers can be strong too i guess

S3052
Legendary
*
Offline Offline

Activity: 1946


BTC Up or Down? go to www.bullbearanalytics.com


View Profile WWW
January 22, 2011, 11:48:20 PM
 #119

Psychological barriers can be strong too i guess

Fully agree. My point is more that the 0.5 mark is ONLY psychological and not supported by strong market technicals. The 0.3-0.35 barrier was much much stronger.

>15years analysis experience

Always do your own due diligence & consult your financial advisor. Never invest unless you can afford to lose your entire investment.

http://twitter.com/BitcoinAnalyst

Subscribe here
LZ
Staff
Legendary
*
Offline Offline

Activity: 1456


Satoshi everywhere!


View Profile WWW
January 23, 2011, 01:05:14 AM
 #120

Guys, why do you buy bitcoins at such high prices? The rate may still fall down and it can bring great losses. Undecided

"Never invest unless you can afford to lose your entire investment." © S3052
Pages: « 1 2 3 4 5 [6] 7 8 9 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!