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Davyd05
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January 06, 2014, 06:21:52 AM |
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lol 400 btc wall @ stamp between 947~948 got eaten-up  ..many people are afraid of the Chinese coming down on people and people are buying it up to 955 now lol |
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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HairyMaclairy
Legendary
 Offline
Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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January 06, 2014, 06:22:13 AM |
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There are about 25,000 coins left on all the exchanges put together. Just guesstimating -- didn't actually count them.
For about 40 million you could get a corner on bitcoin.
That's about 9 days of mining output.
If this is correct this makes the current market price meaningless. BTC is ridiculously thinly traded. Further you cannot extract a market cap out to 12 million coins based on trades of 25,000 coins. People saying BTC has a market cap of $12 billion fail to appreciate what would happen if one whale stirred. People will probably flame me for saying this but whatever. I am contributing by buying and hodling. |
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Ashitank
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January 06, 2014, 06:26:40 AM |
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lol 400 btc wall @ stamp between 947~948 got eaten-up ..many people are afraid of the Chinese coming down on people and people are buying it up to 955 now lol I guess we will go upto 970~990 range on stamp after which we can have a small drop. |
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fotosonics
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January 06, 2014, 06:27:02 AM |
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lol 400 btc wall @ stamp between 947~948 got eaten-up ..many people are afraid of the Chinese coming down on people and people are buying it up to 955 now lol Looks like I will have to wait til the next dive to buy, no fiat to buy more with til Wednesday when I am sure it will be at the ATH :/ |
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molecular
Donator
Legendary
Offline
Activity: 2772
Merit: 1019
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January 06, 2014, 06:36:19 AM |
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good morning Bitcoin!
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wobber
Legendary
Offline
Activity: 1064
Merit: 1001
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January 06, 2014, 06:43:19 AM |
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IMPORTANT MILESTONE AHEAD: 30day high is about to be attacked on both Stamp and Gox.
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aminorex
Legendary
Offline
Activity: 1596
Merit: 1029
Sine secretum non libertas
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January 06, 2014, 06:43:40 AM |
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People will probably flame me for saying this but whatever. I am contributing by buying and hodling.
Contributing to the liquidity problem, that is. But I could just as well have said 2,500,000,000,000 satoshis. It's not like you can't trade satoshis. The fact that people want them removes them from the exchanges. But that doesn't make the market somehow defective. It just means the price is too low. |
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spooderman
Legendary
Offline
Activity: 1638
Merit: 1022
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January 06, 2014, 06:44:27 AM |
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wow this week is going to be fun  |
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Davyd05
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January 06, 2014, 06:44:52 AM |
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There are about 25,000 coins left on all the exchanges put together. Just guesstimating -- didn't actually count them.
For about 40 million you could get a corner on bitcoin.
That's about 9 days of mining output.
If this is correct this makes the current market price meaningless. BTC is ridiculously thinly traded. Further you cannot extract a market cap out to 12 million coins based on trades of 25,000 coins. People saying BTC has a market cap of $12 billion fail to appreciate what would happen if one whale stirred. People will probably flame me for saying this but whatever. I am contributing by buying and hodling. Its still a new market, it will have these growing pains but I see the world waking up quickly on this, which will impart bring instability during price swings but , none the less this is exciting innovation we're seeing and experiencing |
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aminorex
Legendary
Offline
Activity: 1596
Merit: 1029
Sine secretum non libertas
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January 06, 2014, 06:47:07 AM |
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Its still a new market, it will have these growing pains but I see the world waking up quickly on this, which will impart bring instability during price swings but , none the less this is exciting innovation we're seeing and experiencing
The instability is due to the price being too low. That's unsustainable. When the price is high enough, liquidity will be balanced. |
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traderCJ
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January 06, 2014, 06:48:37 AM |
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There are about 25,000 coins left on all the exchanges put together. Just guesstimating -- didn't actually count them.
For about 40 million you could get a corner on bitcoin.
That's about 9 days of mining output.
If this is correct this makes the current market price meaningless. BTC is ridiculously thinly traded. Further you cannot extract a market cap out to 12 million coins based on trades of 25,000 coins. People saying BTC has a market cap of $12 billion fail to appreciate what would happen if one whale stirred. People will probably flame me for saying this but whatever. I am contributing by buying and hodling. You're right. In theory, one coin could be sold for $100k USD and for that brief moment, the market cap would be ~$1.2 trillion. |
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medialab101
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January 06, 2014, 06:49:33 AM |
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Gox 1050 wall just disappeared.
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versace
Newbie
Offline
Activity: 42
Merit: 0
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January 06, 2014, 06:50:09 AM |
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bitstamp well on its way to 1000
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traderCJ
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January 06, 2014, 06:50:59 AM |
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Is there some good news out of China or something? They seem to be pushing aggressively.
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hyphymikey
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January 06, 2014, 06:51:52 AM |
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3852 pages of people telling you how to lose all your bitcoin by trading.
Well done, you got me!
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windjc
Legendary
Offline
Activity: 2156
Merit: 1070
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January 06, 2014, 06:52:14 AM |
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There are about 25,000 coins left on all the exchanges put together. Just guesstimating -- didn't actually count them.
For about 40 million you could get a corner on bitcoin.
That's about 9 days of mining output.
If this is correct this makes the current market price meaningless. BTC is ridiculously thinly traded. Further you cannot extract a market cap out to 12 million coins based on trades of 25,000 coins. People saying BTC has a market cap of $12 billion fail to appreciate what would happen if one whale stirred. People will probably flame me for saying this but whatever. I am contributing by buying and hodling. You're right. In theory, one coin could be sold for $100k USD and for that brief moment, the market cap would be ~$1.2 trillion. You guys realize as the more and more big players and funds get involved the more BTC will be sold OFF EXCHANGE and that the # of bitcoins sold on exchanges will DECREASE overtime? Its these little obvious facts that seem to evade people who doubt the price of bitcoin can't go much higher. |
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aminorex
Legendary
Offline
Activity: 1596
Merit: 1029
Sine secretum non libertas
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January 06, 2014, 06:52:36 AM |
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Is there some good news out of China or something? They seem to be pushing aggressively.
Not since Tian-an-men. |
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windjc
Legendary
Offline
Activity: 2156
Merit: 1070
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January 06, 2014, 06:53:05 AM |
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Is there some good news out of China or something? They seem to be pushing aggressively.
China didnt start this rally at $125 and they are no longer leading it now. People need to realize what is going on. |
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medialab101
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January 06, 2014, 06:53:14 AM |
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Is there some good news out of China or something? They seem to be pushing aggressively.
This is the reset to pre-crash levels. People just decided it's time i guess. |
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Davyd05
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January 06, 2014, 06:54:54 AM |
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Its still a new market, it will have these growing pains but I see the world waking up quickly on this, which will impart bring instability during price swings but , none the less this is exciting innovation we're seeing and experiencing
The instability is due to the price being too low. That's unsustainable. When the price is high enough, liquidity will be balanced. I agree, can I assume that the coins end up better dispersed during rallies as they aren't massively dumped into bigger hands with large crash orders preset? |
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