molecular
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May 21, 2011, 10:36:18 AM |
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I am against dark pools. If we are to have a true an open exchange all price data should be immediately available to all market participants. No backroom deals!
+1, magicaltux?
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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BitterTea
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May 21, 2011, 11:10:20 AM |
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I am against dark pools. If we are to have a true an open exchange all price data should be immediately available to all market participants. No backroom deals!
+1, magicaltux? There's nothing wrong with dark pools. If you are willing to buy, but do not advertise that fact, you are "withholding price data". If there were no dark pools, large traders would use bots instead, and that price data would still not be available. I think a better solution is to use "iceberg orders" instead of dark pools. There has been some discussion about this in the past on this forum.
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molecular
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May 21, 2011, 11:30:30 AM |
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I am against dark pools. If we are to have a true an open exchange all price data should be immediately available to all market participants. No backroom deals!
+1, magicaltux? just talked to magicaltux on irc. He said implementation of iceberg orders (as discussed here: http://forum.bitcoin.org/index.php?topic=5564.0;all) is in progress.
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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Current-C
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May 21, 2011, 11:49:20 AM |
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I suspect fake sales are driving down BTC. Examine large spikes that hardly move the price that also use ‘Dark pool and normal’. Co-conspirators or one person with fictitious accounts…. Wish I’d thought of it.
Good argument against dark pools... If you have enough capital on both sides, you can control the price for only the cost of fees. The market may not follow your lead, but this market has a lot of inexperienced players. This is why I made the call awhile back that when the pro's enter the market we'll see a sharp price decline. People that have the money and know-how to move markets are not going to buy at the top. Could be that right now or just profit taking by some early entrants. How are new entrants going to push the price down? Won't they need to sell coins to do that? Won't they need to buy them first? Won't that push up the price? By early entrants I meant the people who got into bitcoin early and have likely already amassed a large amount of coins at little cost. $6-7 probably looks pretty attractive if you're sitting on a couple thousand percent gain.
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allinvain
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May 21, 2011, 05:10:13 PM |
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I am against dark pools. If we are to have a true an open exchange all price data should be immediately available to all market participants. No backroom deals!
+1, magicaltux? just talked to magicaltux on irc. He said implementation of iceberg orders (as discussed here: http://forum.bitcoin.org/index.php?topic=5564.0;all) is in progress. Awesome. That is a much better solution IMHO. Thanks BitterTea for pointing me in that direction.
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Basiley
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May 21, 2011, 08:08:03 PM |
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any BitCoin crypto-analysis ? to read about strengths/weakness chart. by professional cryptanalyst.
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error
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May 21, 2011, 08:36:04 PM |
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any BitCoin crypto-analysis ? to read about strengths/weakness chart. by professional cryptanalyst.
Please don't hijack the thread.
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3KzNGwzRZ6SimWuFAgh4TnXzHpruHMZmV8
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S3052 (OP)
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May 24, 2011, 07:22:30 PM |
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Here a brief short term update. http://twitter.com/#!/BitcoinAnalystOne thing to add: A break above 7.2 $ could be the first signal that the downtrend from the high may be over. However, this has to be confirmed with a break above the ATH of 8.9$. Unless a new ATH is made, we can see a more protracted correction down to the targets outlined in last Thursday's full analysis ( http://blog.bitcoinwatch.com/.
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proudhon
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May 24, 2011, 08:15:43 PM |
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Thanks for the update.
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Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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proudhon
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May 25, 2011, 12:23:27 AM |
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Looks like we've broken $7.20
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Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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error
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May 25, 2011, 03:12:17 AM |
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Buy now while you still can!
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allinvain
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May 25, 2011, 04:17:38 AM |
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Buy now while you still can!
Shhh don't hype up the price
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error
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May 25, 2011, 04:19:58 AM |
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Buy now while you still can!
Shhh don't hype up the price There's a lot of people sitting on the sidelines right now waiting to see which way the exchange rate goes. You're all going to be kicking yourselves a year from now if you don't buy. (This is personal advice, not investment advice. Feel free to consult with an investment advisor if you can find one who doesn't have his head buried up his ass.)
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allinvain
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May 25, 2011, 06:18:53 AM |
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Buy now while you still can!
Shhh don't hype up the price There's a lot of people sitting on the sidelines right now waiting to see which way the exchange rate goes. You're all going to be kicking yourselves a year from now if you don't buy. (This is personal advice, not investment advice. Feel free to consult with an investment advisor if you can find one who doesn't have his head buried up his ass.) True. I'm kicking myself for not buying a bucketload of BTC when they were valued at $0.30! Oh how hindsight torments me When you think about it if one has enough money and patience then buying BTC at almost any price is a good idea (at least right now) since the value should increase steadily as more value is introduces into the BTC economy. Buy and hold....
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error
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May 25, 2011, 06:23:45 AM |
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At this point I'm not spending bitcoins unless I either run out of fiat, or someone offers something I want payable in bitcoins.
I am, however, getting as many as I can get my hands on (which, admittedly, isn't that much).
If the community here is successful in bootstrapping a Bitcoin-based economy, then the value of a single BTC could eventually exceed $1 million USD. And to think, you are here and have the opportunity to get "bucketloads" of them under $10!
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N12
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May 25, 2011, 06:45:54 AM |
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Or do it like me: Buy, hold, sell, buy back in more expensively. Damn you, exponential growth. Where’s my x-mas tree pattern?
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allinvain
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May 25, 2011, 09:33:00 AM |
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At this point I'm not spending bitcoins unless I either run out of fiat, or someone offers something I want payable in bitcoins.
I am, however, getting as many as I can get my hands on (which, admittedly, isn't that much).
If the community here is successful in bootstrapping a Bitcoin-based economy, then the value of a single BTC could eventually exceed $1 million USD. And to think, you are here and have the opportunity to get "bucketloads" of them under $10!
Same here. 1 million USD/BTC wow that is such a wet dream for me dude If price went up that high I could finally afford running a 1 Gigabit Ethernet connection to my house...
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error
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May 25, 2011, 09:37:02 AM |
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Again, I should disclaim, I am not an investment adviser. I don't suffer from cranio-rectal inversion syndrome, as most investment advisers do.
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FinancialAdvisor
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May 25, 2011, 10:18:17 AM |
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Buy, Buy, Buy. Buy before the big boys come in. Buy before the Bitcoin poker economy takes off. We have reached critical mass. We have reached the point of no return. There isn't much time now! Buy as much as you can afford to lose, or you won't be able to live with yourself.
And this IS financial advice, bitches.
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pancakes
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May 25, 2011, 10:28:06 AM |
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At this point I'm not spending bitcoins unless I either run out of fiat, or someone offers something I want payable in bitcoins.
I am, however, getting as many as I can get my hands on (which, admittedly, isn't that much).
If the community here is successful in bootstrapping a Bitcoin-based economy, then the value of a single BTC could eventually exceed $1 million USD. And to think, you are here and have the opportunity to get "bucketloads" of them under $10!
Same here. 1 million USD/BTC wow that is such a wet dream for me dude If price went up that high I could finally afford running a 1 Gigabit Ethernet connection to my house... That seems a tad too ambitious but it would be pretty awesome to see.
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