StarenseN
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August 14, 2013, 10:47:08 AM
Last edit: August 14, 2013, 11:47:42 AM by StarenseN |
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bitstamp only deals in USD...
and the euro market on Gox is illiquid as hell.
Bistamp convert EUR to USD instantly on deposit/withdraw without almost fees. So EUR or USD it's the same. |
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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JimboToronto
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You're never too old to think young.
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August 14, 2013, 10:49:48 AM |
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Damn. Went to bed early and missed the big whale buy by less than half an hour.
We all knew it was coming (except for maybe Walso/Jaro - "bots on catnip") but I was surprised by the suddenness.
Glad I'm all in. Pissed off that Virtex deposits have gone from taking hours to taking days. I would have scraped together enough to buy a couple of dozen more coins while they were still in the 80s not many hours ago.
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 14, 2013, 11:02:31 AM |
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Tzupy
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August 14, 2013, 11:13:34 AM |
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Or we are very close to a panic sale / whale dump, we'll see very soon.
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JimboToronto
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You're never too old to think young.
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August 14, 2013, 11:15:41 AM |
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Or we are very close to a panic sale / whale dump, we'll see very soon.
1.2k dump at 113. First sign? |
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gandhibt
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August 14, 2013, 11:15:46 AM |
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 I bought yesterday so it's free to go up uP UP.Seems good so far. |
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molecular
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August 14, 2013, 11:35:44 AM |
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what did I miss? is this a news based rise?
Are you new here? The only 'news' that causes price to rise is whale buys. The only 'news' that causes price to rise is a rising price. |
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JimboToronto
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You're never too old to think young.
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August 14, 2013, 11:37:38 AM |
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Whichever organization was behind the relentless drive up through the 80s, 90s, and 100s isn't going to allow their hard-won gains to be wiped out.
It doesn't seem to be speculators/daytraders to me. It seems that someone is accumulating a large BTC holding while trying to keep prices in as steady an uptrend as possible.
Could it be someone planning a BTC-based business? What would a large enterprise like for example, Paypal do if it wanted to acquire a large Bitcoin inventory without destabilizing the price?
Then again, wouldn't it make sense for someone like the Wankervoss twins to drive up the value of their existing holding, while accumulating even more coins?
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Nikolaj06
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WINSTARS - We are changing the face of gambling
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August 14, 2013, 11:47:55 AM |
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I call bulltrap, peak around 130 on bitstamp. Then a fall to the 70s. Based on nothing what so ever. But hey, it's speculation, right?
Fort Gox on the other hand could go 200+, simply because it is silly.
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lucas.sev
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August 14, 2013, 11:48:10 AM |
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what did I miss? is this a news based rise?
Are you new here? The only 'news' that causes price to rise is whale buys. The only 'news' that causes price to rise is a rising price. Agree 100% |
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barbs
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August 14, 2013, 11:50:43 AM |
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i'm half in; as I'm consistently wrong with my timing you may wanna sell  |
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wachtwoord
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August 14, 2013, 11:56:57 AM |
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what did I miss? is this a news based rise?
Are you new here? The only 'news' that causes price to rise is whale buys. The only 'news' that causes price to rise is a rising price. Agree 100% Come on, for once there's actual news. The Feds are going to try and fight Bitcoin. If you think they'll fail it's quite bullish don't you think? |
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 14, 2013, 12:02:28 PM |
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lucas.sev
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August 14, 2013, 12:03:51 PM |
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what did I miss? is this a news based rise?
Are you new here? The only 'news' that causes price to rise is whale buys. The only 'news' that causes price to rise is a rising price. Agree 100% Come on, for once there's actual news. The Feds are going to try and fight Bitcoin. If you think they'll fail it's quite bullish don't you think? If the price went down you would say that feds are going to fight bitcoin so price goes down. News mean NOTHING in this market. |
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Tzupy
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August 14, 2013, 12:05:01 PM |
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Actually, feds fighting BTC is bullish news for me. The easiest way to marginalize BTC is to crash the price to the bottom,
then buy back, repeat. So the feds could slowly buy 100K BTC, driving the price up to maybe 130 $, then dump in 5 sub-waves.
When price will reach 20 $, buy back. And repeat until price is under 1 $, then 99% of people will learn to stay away from BTC.
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ElectricMucus
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Marketing manager - GO MP
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August 14, 2013, 12:10:22 PM |
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Bitcoin is suffering from unwarranted self importance. Neither are the FEDs going to manipulate the Market nor are they 'fighting' Bitcoin per se. They simply are enforcing proper procedures. You can thank Mark K. & the rest of mtgox who didn't thought it necessary to do the paperwork which is required from them. It is even possible they brought that up onto themselves by a high profile ad in the G8 magazine and nobody would have even bothered otherwise. in retrospect:  |
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JimboToronto
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You're never too old to think young.
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August 14, 2013, 12:12:52 PM |
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Come on, for once there's actual news. The Feds are going to try and fight Bitcoin. If you think they'll fail it's quite bullish don't you think?
Don't underestimate the disdain that TA devotees feel towards anything not based on traditional stock/commodity-market technical analysis. The very idea that news might affect a market (even as new and unprecedented a market as BTC) is heresy, an affront to their existing orthodoxy.  |
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lucas.sev
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August 14, 2013, 12:26:50 PM |
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Come on, for once there's actual news. The Feds are going to try and fight Bitcoin. If you think they'll fail it's quite bullish don't you think?
Don't underestimate the disdain that TA devotees feel towards anything not based on traditional stock/commodity-market technical analysis. The very idea that news might affect a market (even as new and unprecedented a market as BTC) is heresy, an affront to their existing orthodoxy. Nope, I believe news affect FX markets, but not bitcoin. |
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wachtwoord
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August 14, 2013, 12:37:35 PM |
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enforcing proper procedures.
Good luck with deciding what's proper for everyone else. |
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JimboToronto
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You're never too old to think young.
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August 14, 2013, 12:41:21 PM |
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Come on, for once there's actual news. The Feds are going to try and fight Bitcoin. If you think they'll fail it's quite bullish don't you think?
Don't underestimate the disdain that TA devotees feel towards anything not based on traditional stock/commodity-market technical analysis. The very idea that news might affect a market (even as new and unprecedented a market as BTC) is heresy, an affront to their existing orthodoxy. Nope, I believe news affect FX markets, but not bitcoin. I guess I'm a bit of a market analysis agnostic. I don't buy into either philosophy wholeheartedly, but try to use both to my advantage. As for news not affecting Bitcoin, how about the news of the Satoshi Dice sale and payment to shareholders in BTC? Almost immediately the price dropped by over $10 and while the expected great selloff never happened, it took a week to recover. I'd say that news affected the Bitcoin market, albeit only temporarily. |
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