thoughtfan
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May 20, 2013, 04:06:56 AM Last edit: May 20, 2013, 04:24:58 AM by thoughtfan |
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mtgox bid price still out on a limb in relation to others. mtgoxUSD - bitstampUSD 5.21 mtgoxUSD - btceUSD 8.32 mtgoxUSD - cbxUSD 5.40
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el_rlee
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May 20, 2013, 04:27:09 AM |
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120-something now... Who is stupid enough to sell now, on the end of the weekend, before the Americans get up?
By the way the only ones driving the price up. Despite China, Russia and Whatnot hype all the other local exchanges deal lower than Gox at this moment. This was already the other way round, makes me suspicious.
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Coinseeker
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May 20, 2013, 04:45:14 AM |
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120-something now... Who is stupid enough to sell now, on the end of the weekend, before the Americans get up?
Nothing better than waking up on a Monday morning to cheap coins. /America cheers on the sellers! Rah, rah.
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 20, 2013, 05:02:27 AM |
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Abandon
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May 20, 2013, 05:22:28 AM |
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Has anyone else noticed that when there's memes or GIFs in this thread, that the their implied predictions more often than not tend to be dead wrong, or at least mildly wrong..?
I wonder if that's something to do with the emotional traders, who are not logical and robotic enough, that resort to unrelated past experiences to justify their beliefs. .
Alas, let's see what tomorrow holds!
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vokain
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May 20, 2013, 05:29:10 AM |
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Has anyone else noticed that when there's memes or GIFs in this thread, that the their implied predictions more often than not tend to be dead wrong, or at least mildly wrong..?
I wonder if that's something to do with the emotional traders, who are not logical and robotic enough, that resort to unrelated past experiences to justify their beliefs. .
Alas, let's see what tomorrow holds!
I think they're just meant to be sarcastically ironic and funny, GIFs aren't that deep
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ElectricMucus
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Marketing manager - GO MP
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May 20, 2013, 06:08:22 AM |
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Oh wow no change within an hour, or is this a bug?
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Frozenlock
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May 20, 2013, 06:10:47 AM |
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Bug. Bitcoin isn't this boring... yet.
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thoughtfan
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May 20, 2013, 06:40:42 AM |
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I'm posting this here both to warn those who ignore everything other than gox not to get carried away by gox-only movement and also to try and nudge anybody with arbing capabilities to do us all a favour and make some money helping us discover where the price should be right now.
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BitPirate
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RMBTB.com: The secure BTC:CNY exchange. 0% fee!
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May 20, 2013, 06:53:00 AM |
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Bug. Bitcoin isn't this boring... yet.
May as well be. Volume is spectacularly low. Everyone's waiting for the US to wake up and set the pace. (up, of course). I wonder what Loaded has planned...
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solex
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100 satoshis -> ISO code
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May 20, 2013, 07:17:00 AM |
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I'm posting this here both to warn those who ignore everything other than gox not to get carried away by gox-only movement and also to try and nudge anybody with arbing capabilities to do us all a favour and make some money helping us discover where the price should be right now. Btcchina has 706 yuan. So the usdcny fx rate of 6.1 implies $115 per btc gox volume for Saturday was 22k, Sunday 20k, both extremely low. However, weekend can be low. If Monday volume not nearer 60k then grab the worry beads.
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billington.mark
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May 20, 2013, 07:23:34 AM |
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Id quite happily be trading between mtgox\btc-e but there isnt a quick and easy way to move $ between the two... especially when your from the UK. unless someone wants to enlighten me??
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Hawker
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May 20, 2013, 07:30:42 AM |
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Id quite happily be trading between mtgox\btc-e but there isnt a quick and easy way to move $ between the two... especially when your from the UK. unless someone wants to enlighten me?? I just started to try. So far I have been charged 4% for uploading funds to OKPay. 4%! So even before btce and mtgox commissions, you have to write off 4%. Its sort of discouraged me from uploading a serious amount of money.
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Miz4r
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May 20, 2013, 08:32:31 AM |
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I'm posting this here both to warn those who ignore everything other than gox not to get carried away by gox-only movement and also to try and nudge anybody with arbing capabilities to do us all a favour and make some money helping us discover where the price should be right now. BTC-e has always been significantly lower than MtGox and other exchanges, probably something to do with the fees there? But price should be easy to calculate based on the volumes of the exchanges, which should bring us at around $120 now.
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Zangelbert Bingledack
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May 20, 2013, 09:00:40 AM |
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This ChartBuddy thing should be posting like every five hours instead of every hour. Or tie the posting speed to volatility.
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thoughtfan
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May 20, 2013, 09:15:31 AM |
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This ChartBuddy thing should be posting like every five hours instead of every hour. Or tie the posting speed to volatility.
There was a discussion about this yesterday a few pages back.
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Its About Sharing
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Antifragile
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May 20, 2013, 09:19:01 AM |
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$120 isn't cheap? 11 million shares and a global economy that we are only hoping to get a small fraction of a percentage of ? $120 is VERY cheap when you factor in the market, incoming VC money, low float, affect on currency/monetary policy, etc. We are talking about a revolutionary game changing technology. Can you come up with something better? True, compared to world economy $120 is still cheap. But world domination takes time. Historical growth rate of bitcoin is somewhere around a tenfolding every 1-2 years. That just happened, so chances are low it will happen again anytime soon. A black swan event can ofcourse always occur, a single ambitious billionaire jumping into bitcoin can do the trick, so always be exposed to bitcoin with a decent percentage of your capital. That being said, chances are higher for it to correct after a bubble than for it to launch into a new one shortly thereafter. So a good portion of your bitcoin capital on the sidelines is rational in my opinion. I guess it is safe to say that none of us know. But in danger of missing a Black Swan go by I would rather sacrifice some future "profit" or holdings of BTC by trying to buy in later at lower prices, with just holding at what I see to be a great price - now. But I can say, it is wise to have capital available to buy more in later should that occur. But it sounds like you are trying to rationalize the greatest social experiment in the history of our civilization. Think about that. Now, if it jumps up $100 or $200 in a day, your going to be there sitting in cash. Moral... Don't try to time a Black Swan.
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Its About Sharing
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Antifragile
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May 20, 2013, 09:24:06 AM |
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MtGox USD Price - $ 122.65, Euro Price - 94 Bitcoin.de (Germany, Europe) Euro Price - 89
The difference has been like this for weeks. I've seen it even higher.
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solex
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May 20, 2013, 09:40:35 AM |
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MtGox USD Price - $ 122.65, Euro Price - 94 Bitcoin.de (Germany, Europe) Euro Price - 89
The difference has been like this for weeks. I've seen it even higher.
It just goes to show how rubbish fiat is for international transfers! Check out the LTC/BTC rate on BTER and BTC-E, they are almost identical 0.0267 https://btc-e.com/exchange/ltc_btchttps://bter.com/Must be all the fees, delays and other hassles which prevent equalization for fiat/BTC across exchanges.
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stereotype
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May 20, 2013, 09:49:16 AM |
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Id quite happily be trading between mtgox\btc-e but there isnt a quick and easy way to move $ between the two... especially when your from the UK. unless someone wants to enlighten me?? I just started to try. So far I have been charged 4% for uploading funds to OKPay. 4%! So even before btce and mtgox commissions, you have to write off 4%. Its sort of discouraged me from uploading a serious amount of money. Ive tried to find a route for far too many hours, and after total fees, im concluding the margins are too small for the amount of turnover necessary, for the current risks involved (seized exchange funds). There is something left, but the UK route just dont make it viable enough.
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