|
Voodah
|
 |
August 02, 2013, 01:17:54 AM |
|
I'll just leave this here:  i never understood why people believe that bitcoin price is a bubble in the first place and not normal price fluctuations in a free and unregulated market. Especially after 2011 so called "bubble" when no one know what will happen next and now we know that bitcoin wont simply die next day. I and I think many others just bought bitcoins, keep them in safe place, and remain optimistic because we believe its good concept and worth investing. Where is bubble in that? I think you need to look for the definition of a bubble. Bitcoin bubbles are textbook examples of economic bubbles. This does not mean anything bad in and of itself. Every free market that is exposed to occasional hype, growth spurts, volatility and promising futures will undoubtedly go through one or several bubbles before it reaches any kind of price stability. |
|
|
|
|
|
|
|
|
|
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
|
fr33d0miz3r
|
|
August 02, 2013, 01:22:36 AM |
|
Return to normal was when we pushed 160 right after 260.
It was just a bounce. Not a trap. And not "return to normal". |
|
|
|
|
byronbb
Legendary
 Offline
Activity: 1414
Merit: 1000
HODL OR DIE
|
|
August 02, 2013, 01:30:36 AM |
|
Thinking that the "public" has gotten into bitcoin in any manner is laughable. The public is into bitcoin when you can buy Casascius coins on the shopping network.
|
|
|
|
|
ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
|
|
August 02, 2013, 01:41:20 AM
Last edit: August 02, 2013, 01:59:20 AM by ElectricMucus |
|
Thinking that the "public" has gotten into bitcoin in any manner is laughable. The public is into bitcoin when you can buy Casascius coins on the shopping network.
Too bad Bruce Wagner has been ousted, he would have been the ideal man for the job. Also can someone quote me so that byronbb can see it?  |
|
|
|
|
|
ardana123
|
|
August 02, 2013, 01:52:05 AM |
|
Quick question here, maybe a little off topic but ok.
Investing in bitcoin related securities (like ASICminer), isn't this extremely dangerous as those shares are coupled to the fluctuations of the BTC price? For example, you buy 10 asicminer shares at 5 btc each. Next, USD price of bitcoin plummets 50% or so. However, asicminer share price stays stable at 5 btc. Now, when you try to cash out your shares to btc and back to USD, you would have lost half your investment. So you got 2 dangerous factors that could fuck you over, either the btc price crashes or the share price itself crashes... It's just too much for me, i'll stick to btc trading :p
|
|
|
|
|
|
Frozenlock
|
|
August 02, 2013, 01:56:38 AM |
|
Little bear coming out...   |
|
|
|
|
derpinheimer
Legendary
Offline
Activity: 896
Merit: 1000
|
|
August 02, 2013, 01:57:14 AM |
|
Hmm, small guys are taking us very close to megawall at 101. Wonder if they will trigger a larger sell, or laughed at for selling in low depth area..
|
|
|
|
|
ChartBuddy
Legendary
Offline
Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
 |
August 02, 2013, 02:01:01 AM |
|
|
|
|
|
|
adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
|
|
August 02, 2013, 02:04:03 AM |
|
Quick question here, maybe a little off topic but ok.
Investing in bitcoin related securities (like ASICminer), isn't this extremely dangerous as those shares are coupled to the fluctuations of the BTC price? For example, you buy 10 asicminer shares at 5 btc each. Next, USD price of bitcoin plummets 50% or so. However, asicminer share price stays stable at 5 btc. Now, when you try to cash out your shares to btc and back to USD, you would have lost half your investment. So you got 2 dangerous factors that could fuck you over, either the btc price crashes or the share price itself crashes... It's just too much for me, i'll stick to btc trading :p
My thinking was that ASICminer is valued at X$, so if bitcoin goes up or down the share price would naturally move to reflect that X $ valuation. and so i used this investment vehicle as a hedge against the volatility of bitcoin, it's too early to say if this will actually work like that in practice, in any case, i'm glad i bought some!  |
|
|
|
|
|
fr33d0miz3r
|
|
August 02, 2013, 02:05:40 AM |
|
Little bear coming out... He'll grow up in 2-3 weeks. |
|
|
|
|
byronbb
Legendary
Offline
Activity: 1414
Merit: 1000
HODL OR DIE
|
|
August 02, 2013, 02:06:52 AM |
|
Quick question here, maybe a little off topic but ok.
Investing in bitcoin related securities (like ASICminer), isn't this extremely dangerous as those shares are coupled to the fluctuations of the BTC price? For example, you buy 10 asicminer shares at 5 btc each. Next, USD price of bitcoin plummets 50% or so. However, asicminer share price stays stable at 5 btc. Now, when you try to cash out your shares to btc and back to USD, you would have lost half your investment. So you got 2 dangerous factors that could fuck you over, either the btc price crashes or the share price itself crashes... It's just too much for me, i'll stick to btc trading :p
The greatest risk is trusting "some guy" with your coins in exchange for "a share" backed by a company that doesn't really exist within the legal system. |
|
|
|
|
byronbb
Legendary
Offline
Activity: 1414
Merit: 1000
HODL OR DIE
|
|
August 02, 2013, 02:09:02 AM |
|
Thinking that the "public" has gotten into bitcoin in any manner is laughable. The public is into bitcoin when you can buy Casascius coins on the shopping network.
Too bad Bruce Wagner has been ousted, he would have been the ideal man for the job. Also can someone quote me so that byronbb can see it? Lol don't flatter yourself troll, you aren't on my ignore list. |
|
|
|
|
thezerg
Legendary
Offline
Activity: 1246
Merit: 1010
|
|
August 02, 2013, 02:31:52 AM |
|
I'll just leave this here: i never understood why people believe that bitcoin price is a bubble in the first place and not normal price fluctuations in a free and unregulated market. Especially after 2011 so called "bubble" when no one know what will happen next and now we know that bitcoin wont simply die next day. I and I think many others just bought bitcoins, keep them in safe place, and remain optimistic because we believe its good concept and worth investing. Where is bubble in that? I think you need to look for the definition of a bubble. Bitcoin bubbles are textbook examples of economic bubbles. This does not mean anything bad in and of itself. Every free market that is exposed to occasional hype, growth spurts, volatility and promising futures will undoubtedly go through one or several bubbles before it reaches any kind of price stability. Except that they've "popped" "down" to 5-10 times the pre-bubble price... this a very important difference. |
|
|
|
|
|
Voodah
|
|
August 02, 2013, 02:38:41 AM |
|
Quick question here, maybe a little off topic but ok.
Investing in bitcoin related securities (like ASICminer), isn't this extremely dangerous as those shares are coupled to the fluctuations of the BTC price? For example, you buy 10 asicminer shares at 5 btc each. Next, USD price of bitcoin plummets 50% or so. However, asicminer share price stays stable at 5 btc. Now, when you try to cash out your shares to btc and back to USD, you would have lost half your investment. So you got 2 dangerous factors that could fuck you over, either the btc price crashes or the share price itself crashes... It's just too much for me, i'll stick to btc trading :p
My thinking was that ASICminer is valued at X$, so if bitcoin goes up or down the share price would naturally move to reflect that X $ valuation. and so i used this investment vehicle as a hedge against the volatility of bitcoin, it's too early to say if this will actually work like that in practice, in any case, i'm glad i bought some! Yup, pretty much this. During the last move down to of BTC to 68, AM went from 3.5 to +5. It has since corrected back, with a little premium left in, probably accounted for by more people using it as a hedge. Nowhere is it written in stone that this behavior will continue forever though. Maybe another asset takes it's place next time. |
|
|
|
|
|
Kazu
|
|
August 02, 2013, 02:45:56 AM |
|
Could somebody do me a favor and sell like ~2k BTC kthnxbye
|
|
|
|
|
derpinheimer
Legendary
Offline
Activity: 896
Merit: 1000
|
|
August 02, 2013, 02:59:05 AM |
|
Sooo close to the wall, but still no one has eaten it.. hmm, give it a half hour..
|
|
|
|
|
|
gog1
|
|
August 02, 2013, 03:00:31 AM |
|
the gap between mtgox and bitstamp is closing, that's interesting.
|
|
|
|
|
|
Kazu
|
|
August 02, 2013, 03:00:52 AM |
|
sell sell selll sellllll
|
|
|
|
|
adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
|
|
August 02, 2013, 03:06:42 AM |
|
holy shit batman moment of truth will mtgox bounce off 101 or 100? who knows!  |
|
|
|
|
|
Kazu
|
|
August 02, 2013, 03:09:56 AM |
|
SELLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL!!!!!!!!!!!!!!!!!!!!!
|
|
|
|
|
|
Poll
