ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 12, 2015, 11:00:05 PM |
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Bitfinex  Bitstamp  Explanation |
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No Gods or Kings. Only Bitcoin
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thefunkybits
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Activity: 1218
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January 12, 2015, 11:05:42 PM |
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ahh i see...man id be pissed waiting on a transaction during that time |
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ShroomsKit
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January 12, 2015, 11:09:32 PM |
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Pump dump pump dump
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diabLEEca
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Activity: 61
Merit: 10
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January 12, 2015, 11:09:36 PM |
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Where did all the volume go?  There was never much volume. Most volume is faked. All the chinese exchanges have done it in the past and probably stamp, gox and btc-e as well. But seriously, gentlemen... Where IS all the volume? Has someone switched all the bots off? Calm before the storm maybe? Who knows. I will just leave this here:  Ummm... Not really, no. It dropped back to normal right the next day.  EDIT: Huge buy backs in the middle of a dump? Haven't seen that for a while...  |
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shmadz
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@theshmadz
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January 12, 2015, 11:17:48 PM |
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ahh i see...man id be pissed waiting on a transaction during that time This is why I wish there would be less effort wasted trying to turn bitcoin into a payment or micro-payment platform. It would perform much better as a global clearing mechanism, the future reserve currency, similar to the function that SDRs play between central banks. <puts on flame retardant suit>  |
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JorgeStolfi
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January 12, 2015, 11:18:44 PM |
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based on usability, Bitcoin doesn't deserve more than a 2 digits price at this moment.
I think I posted that math already: if there was no speculation (short or long term), just use as a currency, with todays usage volume, the price would quite probably be less than 25$, possibly as low as 3$. |
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shmadz
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January 12, 2015, 11:24:08 PM |
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based on usability, Bitcoin doesn't deserve more than a 2 digits price at this moment.
I think I posted that math already: if there was no speculation (short or long term), just use as a currency, with todays usage volume, the price would quite probably be less than 25$, possibly as low as 3$. Just curious, not combative. What would the price be if bitcoin were used as the agent for clearing international trade? |
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BitAddict
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January 12, 2015, 11:25:55 PM |
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Where did all the volume go? There was never much volume. Most volume is faked. All the chinese exchanges have done it in the past and probably stamp, gox and btc-e as well. But seriously, gentlemen... Where IS all the volume? Has someone switched all the bots off? Calm before the storm maybe? Who knows. I will just leave this here: That's from 29 December, price was at $320. Now it is -16% after two weeks, that is not a good indicator at all. |
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Bagatell
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January 12, 2015, 11:26:41 PM |
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What would the price be if bitcoin were used as the agent for clearing international trade?
Several thousand SDRs? |
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GaliX
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January 12, 2015, 11:26:47 PM |
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so everybody abandoned Bitstamp or do you guys still hold on it´?
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shmadz
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@theshmadz
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January 12, 2015, 11:29:49 PM |
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What would the price be if bitcoin were used as the agent for clearing international trade?
Several thousand SDRs? Now the question becomes "what the hell is a SDR worth?" nm, found it http://www.imf.org/external/np/fin/data/rms_sdrv.aspx  Apparently bitcoin already worth several hundred SDR's, maybe this is all a bunch of funny money after all  |
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tarmi
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January 12, 2015, 11:30:58 PM |
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so everybody abandoned Bitstamp or do you guys still hold on it´?
I am hodling $ on it. |
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yefi
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January 12, 2015, 11:40:01 PM |
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THAT metric is used to indicate the asking price value for the chosen hardware prior to purchase. Helps decide vs buying other hardware offerings.
It only applies to those curently offered hardware prices. Thanks, I had the wrong end of the stick with it. You determine the cost of the hardware at the suggested BTC/USD first, then divide by its total hashing power. |
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diabLEEca
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January 12, 2015, 11:47:32 PM |
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so everybody abandoned Bitstamp or do you guys still hold on it´?
I am hodling $ on it. Don't hodl the dollars, better sell them now while you're on top of the bubble. ( ͡º ͜ʖ͡º)  |
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inca
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January 12, 2015, 11:47:49 PM |
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shmadz
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@theshmadz
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January 12, 2015, 11:51:40 PM |
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Yeah, that guy is sketchy as hell. Ever seen one of his bitcoin seminars? Reminds me of a pyramid scheme talk, or church sermon... Ask yourself, who in their right mind would embrace the moniker "bitcoin Jesus" ? *edit* remember that video he put out saying that mtgox was safe? Just months before it collapsed? |
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GaliX
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January 12, 2015, 11:52:26 PM |
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we have stop this "We don't like Ripple it's stupid, GTFO" in our community. We have to start to talk about problems instead of just trying to not talk about anything. The reddit sub is horrible when it comes to talk about controversial things. |
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podyx
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January 12, 2015, 11:52:34 PM |
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I guess he's invested in the network thing but not the currency itself |
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Wandererfromthenorth
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January 12, 2015, 11:55:46 PM
Last edit: January 13, 2015, 12:06:19 AM by Wandererfromthenorth |
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