NamelessOne
Legendary
Offline
Activity: 840
Merit: 1000
|
|
May 16, 2013, 09:03:29 PM |
|
Buy Bitcoin while you still can. The price is being be held stable by big money for the Silicon Valley conference. The price will soon explode upwards.
Captain Cook has spoken!
|
|
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
Its About Sharing
Legendary
Offline
Activity: 1442
Merit: 1000
Antifragile
|
|
May 16, 2013, 09:07:52 PM |
|
Buy Bitcoin while you still can. The price is being be held stable by big money for the Silicon Valley conference. The price will soon explode upwards.
I just looked at the market depth over at GOX. My guess is that something is up. The sell side is really starting to dip (146k), lowest I've recorded since end of April. Bids at $70 are the 2nd highest I've seen and the asks at $300 are the lowest since the start of the month. The sell side volume at higher prices is creeping up. Hmmmm
|
|
|
|
Pale Phoenix
|
|
May 16, 2013, 09:09:36 PM |
|
So now I will take a rest and mind my own business in calm quietness for days, weeks or months. I don't care if your "rpietila" persona is real or not. Our identities are mostly just stories we tell ourselves anyway, and yours is comedy gold. We may all be worms, but you sir, are a glow worm (borrowed from Churchill, I think). Get some rest and come back soon.
|
|
|
|
DougTanner
|
|
May 16, 2013, 09:10:26 PM |
|
Hitting $116 again.
|
|
|
|
dexX7
Legendary
Offline
Activity: 1106
Merit: 1024
|
|
May 16, 2013, 09:11:47 PM |
|
This whole announcement seems significant, isn't it? Does anyone have some numbers on Bitfinex? But yeah, the Dwolla incident brings up one question. What to do with Mt.Gox? I mean, the loss of Dwolla is not the only problem. The MtGox withdrawal delays [Gathering] thread doesn't look good either. But that's not a new problem. Someone said their daily SEPA withdrawl limit at their bank is 60k EUR.. While the market seems bullish or at least undecided and it should break the resistance/former triangle and go +125, I'm not sure about the future. I wouldn't be that surprised if it gets bumpy while the real consequences unfold. Bitstamps ask side is scarry as hell, but over the day bid side gained some significant power too. Daily volume of other exchanges in relation to Gox gets higher and higher. Order book depth on the ask side on Gox hit it's 15 day all time low. It really seems like people are transfering there BTC to other exchanges. Positive news: Bitcoin conference. I'm sure there will be some sweet announcements.
|
|
|
|
Pale Phoenix
|
|
May 16, 2013, 09:18:45 PM |
|
probably bitfinex will have a rooting to another exchange like bitstamp.. it's only a guess though..
Bitfinex is already routing through Bitstamp, but maybe there's another exchange coming online.
|
|
|
|
kooke
Sr. Member
Offline
Activity: 448
Merit: 250
Bitcoin super-duper-mega-ultra-hyper-node
|
|
May 16, 2013, 09:20:37 PM |
|
Buy Bitcoin while you still can. The price is being be held stable by big money for the Silicon Valley conference. The price will soon explode upwards.
Captain Cook has spoken! Yes I have spoken
|
|
|
|
Ultraviolet
Member
Offline
Activity: 84
Merit: 10
|
|
May 16, 2013, 09:26:31 PM |
|
|
|
|
|
Miz4r
Legendary
Offline
Activity: 1246
Merit: 1000
|
|
May 16, 2013, 09:27:35 PM |
|
April 22nd? Isn't that old news already?
|
|
|
|
justusranvier
Legendary
Offline
Activity: 1400
Merit: 1009
|
|
May 16, 2013, 09:29:07 PM |
|
also, I've been wondering if reptilia is actually right. Maybe will (now) never see sub $100 again... not sure about the 300k part thought If he's right about never seeing sub $100 again then he's also right about seeing $300k. If Bitcoin fails then we'll see an exchange rate of $0. If Bitcoin does not fail then its adoption will increase at the expense of the dollar because ceteris paribus there is no reason to hold currency that loses value when you have the option of holding currency that does not lose value. In that case we'll eventually see an exchange rate of $300k just before it becomes undefined.
|
|
|
|
dexX7
Legendary
Offline
Activity: 1106
Merit: 1024
|
|
May 16, 2013, 09:30:54 PM |
|
I have heard before that bids can be put in without sufficient funds in the account I'm not sure if those orders appeared in the order book or if it was something account internal, but I think you refer to this: TOKYO - JAPAN - April 09, 2013 Orders will only be accepted when there are enough funds available in your wallet! Dear users, starting on April 17th we will be rolling out a minor change on how people place orders via the Mt.Gox interface. Until recently, anyone could place a buy or sell order for Bitcoin, regardless of how much funds were actually available in their wallet, resulting in an order showing a "Not enough funds" error status in the Open Orders list. Starting on April 17th, this counter productive scenario will no longer be possible and will be automatically rejected before validating your order; until you have enough funds in your wallet to match the order value. While this change should only affect a minority of users, it will however have a major impact on our trading platform and improve our system overall performance. Regards Mt.Gox Co. Ltd Team. Mt.Gox Contact press@mtgox.com https://mtgox.com/press_release_20130409.html
|
|
|
|
Pale Phoenix
|
|
May 16, 2013, 09:30:58 PM |
|
I am speculating, I know, but it seems like a pretty rational strategy for anyone who is at all concerned about their fiat (and to a lesser extent their BTC) on Gox
I think you're right. Gox hasn't exactly been communicative about these recent events, and anytime a company's name appears on a seizure warrant it takes uncertainty to a whole new level. It's a bit reckless to leave money there until things become clearer. I'm relieved that Bitfinex is reducing their Gox exposure as I have funds with them, but it's been killing me that I can't trade these spreads.
|
|
|
|
Ultraviolet
Member
Offline
Activity: 84
Merit: 10
|
|
May 16, 2013, 09:34:02 PM |
|
April 22nd? Isn't that old news already? Laughs. I'm awful.
|
|
|
|
phoenix1
|
|
May 16, 2013, 09:36:42 PM |
|
I have heard before that bids can be put in without sufficient funds in the account I'm not sure if those orders appeared in the order book or if it was something account internal, but I think you refer to this: I was actually referring to comments about lag being caused by the trading engine having to check funds. I don't know at which stage of the process this was occurring and am not trying to spread any FUD. It was discussed here and someone probably knows the answer better than me
|
|
|
|
Pale Phoenix
|
|
May 16, 2013, 09:37:08 PM |
|
If he's right about never seeing sub $100 again then he's also right about seeing $300k.
I'm not sure your maths are solid there.
|
|
|
|
justusranvier
Legendary
Offline
Activity: 1400
Merit: 1009
|
|
May 16, 2013, 09:42:03 PM |
|
I'm not sure your maths are solid there.
Government issued currencies can not survive competition with free market alternatives. Either Bitcoin will die or the Dollar will die.
|
|
|
|
dexX7
Legendary
Offline
Activity: 1106
Merit: 1024
|
|
May 16, 2013, 09:45:05 PM |
|
2,3k buy some seconds ago. New daily high: 117.10 USD.
|
|
|
|
Pale Phoenix
|
|
May 16, 2013, 09:46:46 PM |
|
I was actually referring to comments about lag being caused by the trading engine having to check funds. I don't know at which stage of the process this was occurring and am not trying to spread any FUD. It was discussed here and someone probably knows the answer better than me
Yeah, I think that's what the announcement dexX7 posted is saying. If I'm reading it right, prior to April 17th you could place an order without the funds to clear it in your account, and Gox would queue the order and check the funds later, just prior to execution, I'm guessing. Now, they are checking funds on order submission, which they they say will help with system performance. Edit: crazy spelling
|
|
|
|
DougTanner
|
|
May 16, 2013, 09:47:48 PM |
|
Looks like it broke through this time.
|
|
|
|
Pale Phoenix
|
|
May 16, 2013, 09:52:18 PM |
|
Either Bitcoin will die or the Dollar will die.
This probably isn't the place for an in depth philosophical discussion, so I'll just say that I don't at all believe those are the only two possibilities. Party on.
|
|
|
|
|