haightst
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November 17, 2013, 12:12:21 PM |
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Now the question becomes:
Is this the vertical of the Sigmoid curve or are we ahead of it and due for a major correction like in April?
We are nowhere near the inflection point of the adoption curve. You will know we are getting close if you can order off of Amazon with Bitcoins. Amazon? Ebay? LOL!! >>try TD AMERITRADE, CHARLES SCHWAB,, = BIG WALL STREET PLAYAZZZ!!!!etc etc etc x1O /\DOG FREAKS UNITE!!!
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Carlor
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November 17, 2013, 12:17:50 PM |
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$500!!!!
looks like the chinese were later after all...
I think the impact of demand from China is overblown. The volume in China is driven by day traders because of the 0% commission rate. I think new U.S. investors with deep pockets are behind most of the recent price increase. If I were given to conspiracy theories, I would think that the media was scheming to link the price of Bitcoin to made-up Chinese demand, expecting the Chinese government to outlaw Bitcoin, thus creating a big crash. 1) Any reason for your first assumption? 2) Why on earth should the Chinese government outlaw Bitcoins? It's a gift from heaven for Chinese economics. It might get like the nuclear bomb of international economics.
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notthematrix
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CryptoTalk.Org - Get Paid for every Post!
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November 17, 2013, 12:22:41 PM |
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Now the question becomes:
Is this the vertical of the Sigmoid curve or are we ahead of it and due for a major correction like in April?
We are nowhere near the inflection point of the adoption curve. You will know we are getting close if you can order off of Amazon with Bitcoins. sorry Chineese womwen buy bitchoin for there babys thats the biggest group of inversors see PRESS for more info no crash this will be systen change! the US only does 2%
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NewLiberty
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Gresham's Lawyer
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November 17, 2013, 12:23:37 PM |
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$500!!!!
looks like the chinese were later after all...
I think the impact of demand from China is overblown. The volume in China is driven by day traders because of the 0% commission rate. I think new U.S. investors with deep pockets are behind most of the recent price increase. If I were given to conspiracy theories, I would think that the media was scheming to link the price of Bitcoin to made-up Chinese demand, expecting the Chinese government to outlaw Bitcoin, thus creating a big crash. I don't follow that logic at all. Why would it be outlawed, and even if it were, why would that create a crash? Why wouldn't they do the opposite and encourage it? You are familiar with their position on WoW gold?
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Zubilica
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November 17, 2013, 12:25:07 PM |
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China dictates the price now , deal with it.
After US Senat hearings on Monday , we will see where US stands. (1000$/coin will be a day to remember)
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Spaceman_Spiff
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November 17, 2013, 12:25:39 PM |
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You are familiar with their position on WoW gold?
I am not, please elaborate.
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batcoin
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In Gord We Trust
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November 17, 2013, 12:27:16 PM |
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spooderman
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November 17, 2013, 12:29:33 PM |
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30 bucks until 2x old ATH
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NewLiberty
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Gresham's Lawyer
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November 17, 2013, 12:30:02 PM |
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Now the question becomes:
Is this the vertical of the Sigmoid curve or are we ahead of it and due for a major correction like in April?
We are nowhere near the inflection point of the adoption curve. You will know we are getting close if you can order off of Amazon with Bitcoins. You know we've been able to order off Amazon with Bitcoin for quite a while already, yes? Using Amazon Gyft cards. http://www.gyft.com/bitcoin/
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Kj1
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November 17, 2013, 12:31:25 PM |
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the lack of volume pushing us here is disturbing. at the april peak, the volume was like 10 times bigger but price only doubled... so I'd assume maybee half the volume of april would be a good thing?
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Taxidermista
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November 17, 2013, 12:31:53 PM |
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We've just reach 350€ at Bitstamp. Fucking awesome...
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Spaceman_Spiff
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₪``Campaign Manager´´₪
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November 17, 2013, 12:33:50 PM |
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We've just reach 350€ at Bitstamp. Fucking awesome...
does stamp trade in euros?
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haightst
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November 17, 2013, 12:36:12 PM |
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We've just reach 350€ at Bitstamp. Fucking awesome...
i just recieved very good news i can't talk about it but this is a very good sign!!! = /\2014!!!BOOOMMMMM!!!!
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NewLiberty
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Gresham's Lawyer
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November 17, 2013, 12:37:06 PM |
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You are familiar with their position on WoW gold?
I am not, please elaborate. Encouraged... They even made prisoners play Warcraft to sell the gold. Here's an article about the Jixi labor camp. http://www.theguardian.com/world/2011/may/25/china-prisoners-internet-gaming-scamThe US classifying Bitcoin in the same category as WoW gold was a green light to them.
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micalith
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November 17, 2013, 12:40:11 PM |
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the lack of volume pushing us here is disturbing. at the april peak, the volume was like 10 times bigger but price only doubled... so I'd assume maybee half the volume of april would be a good thing? That's just Gox loosing its market share. Bitstamp has much higher respective volume, add should be expected
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jzcjca00
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November 17, 2013, 12:40:48 PM |
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$500!!!!
looks like the chinese were later after all...
I think the impact of demand from China is overblown. The volume in China is driven by day traders because of the 0% commission rate. I think new U.S. investors with deep pockets are behind most of the recent price increase. If I were given to conspiracy theories, I would think that the media was scheming to link the price of Bitcoin to made-up Chinese demand, expecting the Chinese government to outlaw Bitcoin, thus creating a big crash. 1) Any reason for your first assumption? 2) Why on earth should the Chinese government outlaw Bitcoins? It's a gift from heaven for Chinese economics. It might get like the nuclear bomb of international economics. 1. I have no proof. I have no secret source from China. When I read things in the lamestream media, I try to read between the lines. I try to figure out what facts they started out with before they started their garbling and slanting process. I'm guessing that they saw reports of high volume at BTCChina and falsely concluded that this must necessarily mean there is high buying demand in China. They probably don't know about the 0% commissions, or don't understand that it would lead to a heavy volume of speculative day trading. The burden of proof lies on the one who asserts the positive, and I have seen nothing outside of MSM reports to suggest extraordinary demand from China. 2. The Chinese government believes in tight capital controls and has already outlawed other non-government currencies. The best predictor of future behavior is relevant past behavior.
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batcoin
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November 17, 2013, 12:43:01 PM |
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the lack of volume pushing us here is disturbing. at the april peak, the volume was like 10 times bigger but price only doubled... so I'd assume maybee half the volume of april would be a good thing? Could the difference be this: the value is going up so people aren't as willing/can't afford to trade as many bitcoins in one go? Also as time marches on bitcoins are being spread among a population that includes people who don't do much trading on exchanges? The volume isn't so much lower than most of the past year anyway. I'm just an observer and I have no training in matters such as trading. That's just Gox loosing its market share. Bitstamp has much higher respective volume, add should be expected
This is also a good point.
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rpietila
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November 17, 2013, 12:44:56 PM |
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the lack of volume pushing us here is disturbing.
These days it is much more difficult to estimate volume. More exchanges, some have free trading, much more opportunities to trade extra-exchange etc. I am not worried about that, it is a different game now. But - It is true that exchanges are now very vulnerable to engineered crashes. BTC10k market order would take Gox down by $100 (20%). If topping the April rally took a million bitcoins as some claim, now BTC100,000 is handsomely enough. Exchanges still gauge the price despite their low share of the total volume. Conclusion is that you should never sell to sinking or low prices. Only sell high, if ever. That keeps the manipulators in check, because they cannot be sure to be able to buy back cheaper. Also you have no chance to ever lose. Any longer term (6-12 months or longer) it matters absolutely nothing at all what kind of boom or crash there is in between. Bitcoin's viability as a technology is not dependent on that.
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spooderman
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November 17, 2013, 12:45:38 PM |
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This is horrific
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