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wonkytonky
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May 23, 2013, 09:29:34 PM |
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Bulls on Bitstamp are shifting a gear up.
olmost there.. time to buy up what's left of cheap coins.. If that is arbitrage buying, that's probably why the gox price stalled, the coins are being dumped there simultaneously (for a profit). then you can expect some bigger uptrend next week  or who knows.. tomorrow. last friday some big bull started buying if i'm not mistaken : to be honest.. i dont think the arbitrage game between bitstamp en gox does much on the price at gox.. volume on bitstamp is not big enough imho. |
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The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
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kiko
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May 23, 2013, 09:31:26 PM |
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^^Wow, I think we all just got trolled. I know what to say to get bitcoiners going now.
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niothor
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May 23, 2013, 09:34:34 PM |
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Well , I can't afford the luxury to "hoard" or keep bitcoins but i have a bad feeling about people forgeting that is was supposed to be a currency not some collectibles. If you check the stats at blockchain you see transaction volumes dwindling and this is a bad sign in my opinion. I'm no bear and no bull , for me the best price change will be 0 either up or down for a few months. I had enough shocks last 12 months  |
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fitty
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May 23, 2013, 09:34:38 PM |
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100% Agree! Get in front or you might get run over!   I'm not sure about major move, I do see slowly climbing into the $130s. |
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Its About Sharing
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Antifragile
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May 23, 2013, 09:57:08 PM |
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Well , I can't afford the luxury to "hoard" or keep bitcoins but i have a bad feeling about people forgeting that is was supposed to be a currency not some collectibles. If you check the stats at blockchain you see transaction volumes dwindling and this is a bad sign in my opinion. I'm no bear and no bull , for me the best price change will be 0 either up or down for a few months. I had enough shocks last 12 months The VC's and projects going on now are moving BTC ahead. It is going to take time. If there is a need for BTC (and there certainly seems like one) then it will get used. We are talking lots of money to be saved. You are right, people do forget about it being a currency and not to be hoarded, but at the same time value is being created by the dwindling supply. And when you use those 8 decimal places you have enough bits to do lots and lots of commerce with. Hoarding, in the end, will have next to nothing to do with BTC's success or failure. Some holding (hoarding) actually helps the value. The early adopters, Satoshi, and many many users will make sure large scale hoarding never happens. But we are not even near that, lots of coins and years still to come. There is a point to this experiment... |
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ChartBuddy
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May 23, 2013, 10:02:25 PM |
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solex
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100 satoshis -> ISO code
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May 23, 2013, 10:07:11 PM |
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Seeing a time-compressed chart like this reminds me how much it has zoomed up already. Is it greedy to expect similar increases so soon? Even a gentle upward trend for the rest of the year would be a phenomenal result.  |
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Its About Sharing
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May 23, 2013, 10:11:41 PM |
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Seeing a time-compressed chart like this reminds me how much it has zoomed up already. Is it greedy to expect similar increases so soon? Even a gentle upward trend for the rest of the year would be a phenomenal result. Agreed, but can you tell us what we are dealing with here? Are we talking a currency, stock, commodity, protocol, technology, etc? This is the "problem" and when you add to that the world economic situation, crazy weather patterns, wars and on and on, it becomes an even bigger unknown. We can't look at this like a regular currency, stock, etc. and we must consider the times. The clue we have is the direction is most probably up. The question is, how much and fast? We can probably agree that we don't know what we are dealing with here. It is unique, just like the internet was unique when it came out. Comparing BTC to anything traditional is skipping over a lot of variables. |
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zemario
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May 23, 2013, 10:30:26 PM |
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Seeing a time-compressed chart like this reminds me how much it has zoomed up already. Is it greedy to expect similar increases so soon? Even a gentle upward trend for the rest of the year would be a phenomenal result. Agreed, but can you tell us what we are dealing with here? Are we talking a currency, stock, commodity, protocol, technology, etc? This is the "problem" and when you add to that the world economic situation, crazy weather patterns, wars and on and on, it becomes an even bigger unknown. We can't look at this like a regular currency, stock, etc. and we must consider the times. The clue we have is the direction is most probably up. The question is, how much and fast? We can probably agree that we don't know what we are dealing with here. It is unique, just like the internet was unique when it came out. Comparing BTC to anything traditional is skipping over a lot of variables. I very much agree with this. Market wise it's clear that we're going up very soon, but the question is such raise is backed by real value or just speculation. I don't see so many exciting news as of lately. It would be important if many websites and retail stores would start accepting bitcoin. |
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Coinseeker
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May 23, 2013, 10:33:13 PM |
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It would be important if many websites and retail stores would start accepting bitcoin.
That should be easy enough... ....oh wait...  |
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dexX7
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May 23, 2013, 10:40:41 PM |
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Seeing a time-compressed chart like this reminds me how much it has zoomed up already. Is it greedy to expect similar increases so soon? Even a gentle upward trend for the rest of the year would be a phenomenal result. +1 |
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telemaco
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May 23, 2013, 10:42:05 PM |
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It would be important if many websites and retail stores would start accepting bitcoin.
That should be easy enough... ....oh wait...  积少成多，聚沙成塔 Many small amounts are a lot; Many sand grains form a pagoda |
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samson
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Activity: 2097
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May 23, 2013, 10:42:13 PM |
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Seeing a time-compressed chart like this reminds me how much it has zoomed up already. Is it greedy to expect similar increases so soon? Even a gentle upward trend for the rest of the year would be a phenomenal result. Agreed, but can you tell us what we are dealing with here? Are we talking a currency, stock, commodity, protocol, technology, etc? This is the "problem" and when you add to that the world economic situation, crazy weather patterns, wars and on and on, it becomes an even bigger unknown. We can't look at this like a regular currency, stock, etc. and we must consider the times. The clue we have is the direction is most probably up. The question is, how much and fast? We can probably agree that we don't know what we are dealing with here. It is unique, just like the internet was unique when it came out. Comparing BTC to anything traditional is skipping over a lot of variables. I very much agree with this. Market wise it's clear that we're going up very soon, but the question is such raise is backed by real value or just speculation. I don't see so many exciting news as of lately. It would be important if many websites and retail stores would start accepting bitcoin. LOL, nothing is clear or guaranteed in any way. Here's one scenario which could release a lot of tied up BTC and drive the price down. A lot of people have Bitcoin tied up in ASICMINER shares, for those of you who aren't aware ASICMINER has more than doubled in price over the last couple of weeks and it appears to have already peaked at the moment. Any large scale sell off of these shares will free up a lot of Bitcoin for profit taking. That's many 1000's of Bitcoin and they could be dumped at a moments notice. I'm wondering if that guy who purchased $1 Million worth of Bitcoin last friday has been pumping ASICMINER shares all week with his BTC. The timing seems about right to me. |
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hmmmstrange
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May 23, 2013, 10:50:28 PM |
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Here's one scenario which could release a lot of tied up BTC and drive the price down.
A lot of people have Bitcoin tied up in ASICMINER shares, for those of you who aren't aware ASICMINER has more than doubled in price over the last couple of weeks and it appears to have already peaked at the moment.
Any large scale sell off of these shares will free up a lot of Bitcoin for profit taking. That's many 1000's of Bitcoin and they could be dumped at a moments notice.
You are mistaken in your logic. Trading shares have a net sum of zero once they are issued. For every seller there is a buyer. |
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Rampion
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May 23, 2013, 10:51:33 PM |
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Im LOLing so hard I shitted my pants |
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 23, 2013, 11:02:29 PM |
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ChartBuddy
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May 24, 2013, 12:02:53 AM |
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fitty
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May 24, 2013, 12:09:57 AM |
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LOL, nothing is clear or guaranteed in any way.
Here's one scenario which could release a lot of tied up BTC and drive the price down.
A lot of people have Bitcoin tied up in ASICMINER shares, for those of you who aren't aware ASICMINER has more than doubled in price over the last couple of weeks and it appears to have already peaked at the moment.
Any large scale sell off of these shares will free up a lot of Bitcoin for profit taking. That's many 1000's of Bitcoin and they could be dumped at a moments notice.
I'm wondering if that guy who purchased $1 Million worth of Bitcoin last friday has been pumping ASICMINER shares all week with his BTC. The timing seems about right to me.
No one needs to pump ASICMINER shares. Dude is a genius. He's selling off his 1st gen equipment, which will be considered garbage in 3 months, at 5k a pop. Just as his new shit is arriving. People are investing in him, because he clearly knows what he's doing and has a plan. Anyone who invested 5k USD in him at the start is now a millionaire. If anyone starts selling lots of ASICMINER shares, there will be 1000 people lined up to buy. While currently a little overpriced, that dude knows his shit inside and out. And like someone else said, the total amount of BTC tied up, is a drop in the bucket. 10,000s of BTC changes hands daily. The only reason we'd see dumping right now is from a few whales who helped stabilize the price before and during the conference. When the DHS news hit, between $103-$108 there were 1,000s of BTC purchased, in large chunks (100k-400k USD market orders). The DHS news clearly forced a few people to buy lots of BTC, who at some point might dump it back on the market. But since we're slowly heading up that's probably not going to happen any time soon. |
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