hlynur
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October 02, 2013, 09:26:37 PM |
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so looks like the show is over ... what now? ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fs1.ibtimes.com%2Fsites%2Fwww.ibtimes.com%2Ffiles%2Fstyles%2Fv2_article_large%2Fpublic%2F2013%2F09%2F27%2Fbreaking-bad-season-finale.jpg&t=665&c=qzZB6dp0owYj6A) kudos to that bilateral humour ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) , last episode is sitting on my disk ready to watch, perfect for closure of an exciting evening. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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Tzupy
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October 02, 2013, 09:33:39 PM |
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If we hit 110$ once, we can hit that low again. I hope Gox won't lag anymore, so I can trade without worrying about my order being 5 min late.
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derpinheimer
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October 02, 2013, 09:37:16 PM |
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If we hit 110$ once, we can hit that low again. I hope Gox won't lag anymore, so I can trade without worrying about my order being 5 min late.
Its 20k BTC away from $110 after touching it twice hours ago. Seems unlikely.
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Argwai96
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October 02, 2013, 09:41:31 PM |
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If we hit 110$ once, we can hit that low again. I hope Gox won't lag anymore, so I can trade without worrying about my order being 5 min late.
Its 20k BTC away from $110 after touching it twice hours ago. Seems unlikely. meh, that logic only works if gox leads. if bitstamp leads, with its depth.....
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Pompobit
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October 02, 2013, 09:41:51 PM |
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imo I would still be cautious. SR accounted for ~300-400 million in revenue a year for bitcoins. Much of which was from fresh money being brought in by customers. I don't know of anything else in the same stratosphere in terms of bringing in money into the network. SR was/is a big deal. Will there be other sites to take its place? Sure.. but to what extent they will fill that void remains to be seen. Also will customers/vendors of these sites be weary about jumping back into this market?
Bitcoin doesn't earn revenue, and SR was mostly neutral for supply and demand. Buyers bought btc, sellers sold btc to buy product. * this
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Tzupy
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October 02, 2013, 09:43:21 PM |
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I don't mean immediately. But there's the potential to drop again tomorrow. Right now the price has peaked and I'm curious to see how low will the limited drop be. Should give me a hint about the final bottom.
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btcontilt
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October 02, 2013, 09:44:23 PM |
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fasten your seatbelts!
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Argwai96
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October 02, 2013, 09:48:51 PM |
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If we hit 110$ once, we can hit that low again. I hope Gox won't lag anymore, so I can trade without worrying about my order being 5 min late.
Its 20k BTC away from $110 after touching it twice hours ago. Seems unlikely. meh, that logic only works if gox leads. if bitstamp leads, with its depth..... stamp dropping fast from 110, now 102........ it will lead the next drop;...... edit: btc-e at 98 and the fun begins!!!! ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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derpinheimer
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October 02, 2013, 09:50:04 PM |
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If we hit 110$ once, we can hit that low again. I hope Gox won't lag anymore, so I can trade without worrying about my order being 5 min late.
Its 20k BTC away from $110 after touching it twice hours ago. Seems unlikely. meh, that logic only works if gox leads. if bitstamp leads, with its depth..... stamp dropping fast from 110, now 102........ it will lead the next drop;...... Sure hope so. imo I would still be cautious. SR accounted for ~300-400 million in revenue a year for bitcoins. Much of which was from fresh money being brought in by customers. I don't know of anything else in the same stratosphere in terms of bringing in money into the network. SR was/is a big deal. Will there be other sites to take its place? Sure.. but to what extent they will fill that void remains to be seen. Also will customers/vendors of these sites be weary about jumping back into this market?
Bitcoin doesn't earn revenue, and SR was mostly neutral for supply and demand. Buyers bought btc, sellers sold btc to buy product. * this By this atrocious logic, bitcoin could be valued at$1 and be a useful currency. No. The bigger the operation, the more money it needs to function, even with no net gain loss.
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Argwai96
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October 02, 2013, 09:51:58 PM |
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btc-e just hit 95...... wonder where we go from here. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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hlynur
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October 02, 2013, 09:57:24 PM |
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imo I would still be cautious. SR accounted for ~300-400 million in revenue a year for bitcoins. Much of which was from fresh money being brought in by customers. I don't know of anything else in the same stratosphere in terms of bringing in money into the network. SR was/is a big deal. Will there be other sites to take its place? Sure.. but to what extent they will fill that void remains to be seen. Also will customers/vendors of these sites be weary about jumping back into this market?
Bitcoin doesn't earn revenue, and SR was mostly neutral for supply and demand. Buyers bought btc, sellers sold btc to buy product. * this from an economical standpoint the impact isn' that hard. i read in one of the SRbust threads that only about 10% of monthly transaction volume came from SR and I'm quite sure not every buyer used gox or bitstamp. SR was a good opportunity for the first wave of worldwide spread but economy has grown up and is so much more versatile today. I'm sure decentralisation in SR's marketsector is a good sign in the same sense as gox volume is slowly evening out with other exchanges. i'd still be surprised if this short rumble is already over until tomorrow this is such a perfect situation for a whale to have some fun...
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ChartBuddy
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October 02, 2013, 10:01:44 PM |
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Dhuum
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October 02, 2013, 10:02:05 PM |
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N12
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October 02, 2013, 10:05:27 PM |
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Wow, I didn't notice until now. Major volume.
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N12
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October 02, 2013, 10:26:36 PM |
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I haven't inspected either right now, but it might just be because of differing timezones presuming you are looking at daily candles.
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derpinheimer
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October 02, 2013, 10:27:24 PM |
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hlynur
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October 02, 2013, 10:28:23 PM Last edit: October 02, 2013, 11:18:40 PM by hlynur |
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sorry just corrected...too much beer ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) edit: still where comes this huge difference? http://data.bitcoinity.org/#cckcdfdeaasays 80000 for bitstamp. (perhaps site is still in alpha status... ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) )
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byronbb
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October 02, 2013, 10:37:45 PM |
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Just got home from work. Wowowowowow SR gone, bitcoin crashing. The only logic in selling is that everyone else is.
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