TheKoziTwo
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Activity: 1552
Merit: 1047
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November 07, 2013, 12:50:22 AM |
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Plenty of space for adoption, South America, India and the Arab world. I don't know why India isn't registering already - that's a bit odd, given that they are competing so directly with China over space exploration. But it's the Arab world that intrigues me. Bitcoin is halal (permissible) within their culture - not based on usury or interest taking, and they do have an awful lot of money. http://www.ummah.com/forum/showthread.php?376630-Bitcoin-Fiat-and-IslamGo Stamp! You have arab sheiks so filthy rich they're throwing out 2 million dollars for lulz, just wait until they start putting play money into bitcoin. And india, how many people live there? 1.2 billion? It's like china rally all over again! |
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Luzio
Newbie
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Activity: 51
Merit: 0
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November 07, 2013, 12:51:11 AM |
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Bitstamp being pushed up a lot by Bitfinex it seems. Nice.
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SheHadMANHands
Legendary
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Activity: 1168
Merit: 1000
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November 07, 2013, 12:53:56 AM |
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Bitstamp being pushed up a lot by Bitfinex it seems. Nice.
How is that? Seems like a great time to short on Bitfinex, if anything, actually... especially if we gravitate back toward a 5-10% spread between Stamp and Gox. It'd be a short with a pretty short time frame though. We're almost certainly going further north in the "longer" term (beyond the next 2 weeks). |
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hmmmstrange
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November 07, 2013, 12:54:42 AM |
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Yeh - that's the problem with disruptive technologies, they always have a sharp end.
Hmm. Might be interesting to graph oil price in terms of BTC. It gets cheaper and cheaper...  I want to see a gas station accept btc and post the price in both dollars and btc for the public to see. |
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ChartBuddy
Legendary
 Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 07, 2013, 01:01:56 AM |
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NewLiberty
Legendary
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Activity: 1204
Merit: 1002
Gresham's Lawyer
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November 07, 2013, 01:05:17 AM |
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Coinbase = 274
MtGox = 266.5
Easy exit from gox, buy coins and arbitrage selling on coinbase.
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smiley123
Member
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Activity: 101
Merit: 10
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November 07, 2013, 01:05:42 AM |
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Sorry for the clueless question, but does coinbase act as an exchange? If so, at which volume compared to the others?
Coinbase is more like a paypal for bitcoin for US customers. You can see a real time price ticker at:http://btcquote.com, but not sure how much order book info is open to the public. edit: there is also a simple chart of transacitons per day here:https://coinbase.com/charts. Its unclear if it is coinbase volume though. |
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SheHadMANHands
Legendary
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Activity: 1168
Merit: 1000
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November 07, 2013, 01:07:33 AM |
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Coinbase = 274
MtGox = 266.5
Easy exit from gox, buy coins and arbitrage selling on coinbase.
My suspicion is that Gox is left largely with traders now. They aren't trying to get off Gox. They're drawn to the historic volatility. |
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DougTanner
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November 07, 2013, 01:12:26 AM |
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China waking up. Is there a reason no one wants to sell coins on Stamp?? There's like only 5k coins for sale up to $380. But there's over 20k on Gox.  |
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justusranvier
Legendary
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Activity: 1400
Merit: 1009
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November 07, 2013, 01:14:24 AM |
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Coinbase = 274
MtGox = 266.5
Easy exit from gox, buy coins and arbitrage selling on coinbase.
looks like a good place to sell, only if i wanted to sell My guess is that Coinbase just had a huge surge in US customers wanting to buy bitcoins, and they can't wire money to the exchanges fast enough to keep up with demand. Thus, they are trying to tempt people into selling there and also reducing the number of BTC they need to pay out by raising prices. |
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rpietila
Donator
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Activity: 1722
Merit: 1036
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November 07, 2013, 01:15:06 AM |
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They're drawn to the historic volatility.
haha |
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rpietila
Donator
Legendary
Offline
Activity: 1722
Merit: 1036
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November 07, 2013, 01:16:40 AM |
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Coinbase = 274
MtGox = 266.5
Easy exit from gox, buy coins and arbitrage selling on coinbase.
looks like a good place to sell, only if i wanted to sell Good news everybody - I will be selling BTC2,000 if we hit 600 this month, or 700 the next! |
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SheHadMANHands
Legendary
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Activity: 1168
Merit: 1000
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November 07, 2013, 01:17:01 AM |
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They're drawn to the historic volatility.
haha All 2 years of it. |
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spooderman
Legendary
Offline
Activity: 1638
Merit: 1022
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November 07, 2013, 01:17:08 AM |
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Coinbase = 274
MtGox = 266.5
Easy exit from gox, buy coins and arbitrage selling on coinbase.
wow it's true. as of now it can't be said that price rise is only cos of money being stuck at god. maybe i can take walsoraj off ignore now |
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hahahafr
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November 07, 2013, 01:17:26 AM |
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China waking up. Is there a reason no one wants to sell coins on Stamp?? There's like only 5k coins for sale up to $380. But there's over 20k on Gox. Once this is solved we can go to the moon. Otherwise no take-off people. |
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NewLiberty
Legendary
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Activity: 1204
Merit: 1002
Gresham's Lawyer
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November 07, 2013, 01:18:07 AM |
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Coinbase = 274
MtGox = 266.5
Easy exit from gox, buy coins and arbitrage selling on coinbase.
wow it's true. as of now it can't be said that price rise is only cos of money being stuck at god. maybe i can take walsoraj off ignore now They will only sell 50 coins a day anyway, but even so, it is a couple free coins a day for a few clicks, if you have the accounts. |
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ag@th0s
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November 07, 2013, 01:24:57 AM |
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Plenty of space for adoption, South America, India and the Arab world. I don't know why India isn't registering already - that's a bit odd, given that they are competing so directly with China over space exploration. But it's the Arab world that intrigues me. Bitcoin is halal (permissible) within their culture - not based on usury or interest taking, and they do have an awful lot of money. http://www.ummah.com/forum/showthread.php?376630-Bitcoin-Fiat-and-IslamGo Stamp! They also have an interest in dropping the USD for oil transactions. Agreed. They've got the oil. They're probably more interested in subverting the currency. |
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mvidetto
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November 07, 2013, 01:31:50 AM |
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If this bubble can reach $1k, will it promptly create a crash from all of the sellers at that price point? Or will it begin much sooner ($500)?
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spooderman
Legendary
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Activity: 1638
Merit: 1022
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November 07, 2013, 01:32:10 AM |
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when I wake up, that wall better be gone
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haightst
Newbie
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Activity: 42
Merit: 0
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November 07, 2013, 01:33:46 AM |
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Yeh - that's the problem with disruptive technologies, they always have a sharp end.
Hmm. Might be interesting to graph oil price in terms of BTC. It gets cheaper and cheaper... I want to see a gas station accept btc and post the price in both dollars and btc for the public to see. i can make that happen!  |
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