damiano
Legendary
 Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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May 04, 2015, 03:51:54 PM |
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Bearstamp is back
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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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GreekGeek
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May 04, 2015, 03:57:00 PM |
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so it's not trading yet or no one is interested in buying/selling? |
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xyzzy099
Legendary
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Activity: 1062
Merit: 1041
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May 04, 2015, 03:57:58 PM |
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so it's not trading yet or no one is interested in buying/selling? It's back - an ask at $44 for 298 shares. |
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ChartBuddy
Legendary
Offline
Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 04, 2015, 03:58:15 PM |
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madmat
Legendary
Offline
Activity: 966
Merit: 1000
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May 04, 2015, 04:01:34 PM |
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so it's not trading yet or no one is interested in buying/selling? It's back - an ask at $44 for 298 shares. Spread is big. bid: $38, ask $44 !!!! OMG. bids ands aks are moving. Moon soon !!! |
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megadeth
Sr. Member
Offline
Activity: 289
Merit: 252
bagholder since 2013
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May 04, 2015, 04:02:46 PM |
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asks being moved around by CDEL & PUMA.
Would be cool to see a trade.
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bitebits
Legendary
Offline
Activity: 2211
Merit: 3178
Flippin' burgers since 1163.
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May 04, 2015, 04:03:23 PM |
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[...] a piece I wrote in September:
===========================================
Of course miners selling coins affects the price. If there's insufficient demand to absorb the new coin supply, then the price will fall until demand picks up. This is bitcoin's distribution system doing what it's designed to do: distribute coins to those who value them.
Bitcoin is a strategizing women that will use your lust to accomplish her goals. It's your desire for wealth that precipitates the boom, and it's your hope and envy that fuels the accompanying media frenzy, propelling us another rung up the market-cap ladder. And she knows this. She also knows that in your despair you will sell your coins to those she hasn't dated yet, as though you're burning love notes from a women who broke your heart.
She has nobler goals than to enrich you. Although some of you will score and some of you will strike out, to her you were all only useful tools. We're building a new decentralized economy that, if successful, will reshape the world in unfathomable ways. She's the foundation of this new economy--sound money where each coin was forged by the greatest physical efforts of man to strangely produce a purely-digital asset…a digital asset that can be transferred in less than a second across the world without the permission of an authority or the assistance of a third party. She is an evolution in money.
Indeed the price must grow for the experiment to succeed, but it's more important that the price be the right price to best distribute coins to those who want them. The issuance of new coins is what keeps downwards-pressure on the price, testing the faith of hodlers: "why are your coins so special if miners are finding new coins everyday?" It prevents the price from deviating too far from true demand, as ruthless miners will put to rest the ambitions of lustful. This is necessary. We're all just playing out our roles.
How will it end? I don't know. Tales of great ambition are fraught with great tragedy. Only time will tell if she'll seduce her way to the very top.
Great piece, thanks for sharing it again! |
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madmat
Legendary
Offline
Activity: 966
Merit: 1000
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May 04, 2015, 04:04:09 PM |
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asks being moved around by CDEL & PUMA.
Would be cool to see a trade.
Spread is vanishing. Went from $6 to less than $0.5 |
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dwdoc
Legendary
Offline
Activity: 966
Merit: 1000
- - -Caveat Aleo- - -
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May 04, 2015, 04:07:30 PM |
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GBTC just had first trade.  |
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sleger
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May 04, 2015, 04:08:01 PM |
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asks being moved around by CDEL & PUMA.
Would be cool to see a trade.
Spread is vanishing. Went from $6 to less than $0.5 How can Citadel already have GBTC shares. I doubt they invested in the fund one year ago ? |
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Fatman3001
Legendary
Offline
Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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May 04, 2015, 04:12:48 PM |
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Because there is no trade. Bid/Ask don't match yet Edit: Holy Crap! I was wrong. Ding ding ding! We have a winner! |
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oblox
Legendary
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Activity: 1442
Merit: 1018
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May 04, 2015, 04:12:55 PM |
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Definitely some buys (300 shares) happened at $37.98, $42 ask up for bat.
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soullyG
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May 04, 2015, 04:13:47 PM |
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Meanwhile, the effects of today's dump almost completely erased..
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gentlemand
Legendary
Offline
Activity: 2590
Merit: 3008
Welt Am Draht
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May 04, 2015, 04:14:00 PM |
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A wee bit of history in the making just unfolded.
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megadeth
Sr. Member
Offline
Activity: 289
Merit: 252
bagholder since 2013
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May 04, 2015, 04:14:06 PM |
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quotes are delayed by 15mins. Apparently some trades have gone through.
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bassclef
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May 04, 2015, 04:15:25 PM |
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So, what now? Buy all the cheap coins?  |
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ensurance982
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May 04, 2015, 04:15:47 PM |
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Looks like the bears could get quite a haircut there... I bet someone just decided to put everything on one card and start one final dump-attempt and shorted all of his holdings. Silbert stepped in at the right moment and turned the ship around. The bears are accustomed to not experiencing any resistance. This is truly gratifying!
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LFC_Bitcoin
Legendary
Offline
Activity: 3514
Merit: 9498
#1 VIP Crypto Casino
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May 04, 2015, 04:18:14 PM |
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Looks like the bears could get quite a haircut there... I bet someone just decided to put everything on one card and start one final dump-attempt and shorted all of his holdings. Silbert stepped in at the right moment and turned the ship around. The bears are accustomed to not experiencing any resistance. This is truly gratifying!
+1 Stick that in your pipe & smoke it bears. |
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