Searing
Copper Member
Legendary
Offline
Activity: 2898
Merit: 1465
Clueless!
|
|
November 18, 2013, 10:26:50 AM |
|
Im scared lol
been at this 1 month mining 21 coins....hmmm......may have to take any coin I get put in paper wallet USB and place far away in safe deposit box in a bank......if I plan to just hoard.....this is like trying to take a break from women at the playboy mansion....restraint man restraint..... crap its only been 1 month of this for me no wonder everyone on here is insane damn 21 coins... here I am sitting with 1 coin lol got a KNC Jupiter I expected to make ROI in a lesiurey fashion in say 9 months to 1 year...as I expected hype to slow down etc more equip etc.....mad ROI in 25 days started mining oct 18th I think coin then was around $150 to say I'm noob and confused is an understatement ah hell its only money (or not depending on what the u.s. house says on Monday about all this) Very confused indeed. Your ROI is negative because you bought a BTC minting machine, and you would have bought more coins with your fiat that coins your machine will ever mint. Not true, the Jupiters did in fact ROI against purchasing coins. \ You must suck at math.... sorry for your lost. er how did I suck at math (not saying your wrong...it is some obvious trick in that I'm scratching my head with my Jupiter paid off (at least in the paper trail of my own mind ..ie still have coins) is that what you mean? (also true...we also serve that hold the bag when it all goes boom)
|
|
|
|
Vycid
Sr. Member
Offline
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
|
|
November 18, 2013, 10:27:32 AM |
|
Im scared lol
been at this 1 month mining 21 coins....hmmm......may have to take any coin I get put in paper wallet USB and place far away in safe deposit box in a bank......if I plan to just hoard.....this is like trying to take a break from women at the playboy mansion....restraint man restraint..... crap its only been 1 month of this for me no wonder everyone on here is insane damn 21 coins... here I am sitting with 1 coin lol got a KNC Jupiter I expected to make ROI in a lesiurey fashion in say 9 months to 1 year...as I expected hype to slow down etc more equip etc.....mad ROI in 25 days started mining oct 18th I think coin then was around $150 to say I'm noob and confused is an understatement ah hell its only money (or not depending on what the u.s. house says on Monday about all this) Very confused indeed. Your ROI is negative because you bought a BTC minting machine, and you would have bought more coins with your fiat that coins your machine will ever mint. Not true, the Jupiters did in fact ROI against purchasing coins. \ You must suck at math.... sorry for your lost. https://bitcointalk.org/index.php?topic=317838.0
|
|
|
|
San1ty
|
|
November 18, 2013, 10:29:31 AM |
|
Let's call the weekend low. My guess 382
gox price btw
Noobs expect a dump so 523 confirmed
GG Easy. Isn't it time we ditch the fiat pricing model? I for one don't want any dirty fiat anymore.
|
|
|
|
FTWbitcoinFTW
|
|
November 18, 2013, 10:29:44 AM |
|
It's sade how miners have to stick with USD to get a positive ROI
|
|
|
|
BitThink
Legendary
Offline
Activity: 882
Merit: 1000
|
|
November 18, 2013, 10:30:57 AM |
|
Mining will get ROI in fiat, yes. Mining will get ROI in BTC, no. Just that simple. People have different definitions of ROI.
|
|
|
|
BitThink
Legendary
Offline
Activity: 882
Merit: 1000
|
|
November 18, 2013, 10:32:39 AM |
|
Just half an hour ago, the whole ask orders are around 1000 BTC in BTCChina, but now there're 1600BTC up to 3990 CNY now. It seems a quick small correction attracts quit a lot sellers.
Just wait to see what happens when 60k coins are rapidly dumped as it happened on April, 10th. Considering the current bid depth and daily volume, dumping 60k coins at once may drop the price to almost 0, but meanwhile you could dump it carefully for couple of days without affecting the price much. For someone has 60k coins (that's more than $30M now), I doubt he will choose to dump at once and lose half of his wealth. Guess you're new here Last weekends dip was about 60k dumped and it crashed the price to... where it was 3 days before. No one knows where the hell this is going but in terms of volume on the exchanges and panic buying we're at about $120 on the April rise. I mean sell it to the wall immediately (the order book of BTCChina is not so thick anyway), as the most extreme case, but yes I admit no one will do something like that.
|
|
|
|
Searing
Copper Member
Legendary
Offline
Activity: 2898
Merit: 1465
Clueless!
|
|
November 18, 2013, 10:33:47 AM |
|
It's sade how miners have to stick with USD to get a positive ROI hey its "virtual gold" even gold compares itself to something..now when paypal and ebay take BTC that will loosen up a lot ..may work its way the other way around comparing USD to the amount of BTC you coulda had at a certain point in time just saying "mental games" ...that earth killing asteroid coming straight down on earth over the north pole (no telescopes to warn us) will probably make this all moot next week karma is a bi*ch and I myself am gonna play "look out for trucks next week" goes around comes around (prob tues with btc crash sigh) they do call this forum "speculation right......also everthing I think I know is wrong do the opposite odds are better for you
|
|
|
|
Dargumin
Member
Offline
Activity: 107
Merit: 10
|
|
November 18, 2013, 10:37:25 AM |
|
It's sade how miners have to stick with USD to get a positive ROI hey its "virtual gold" even gold compares itself to something..now when paypal and ebay take BTC that will loosen up a lot ..may work its way the other way around comparing USD to the amount of BTC you coulda had at a certain point in time just saying "mental games" ...that earth killing asteroid coming straight down on earth over the north pole (no telescopes to warn us) will probably make this all moot next week karma is a bi*ch and I myself am gonna play "look out for trucks next week" goes around comes around (prob tues with btc crash sigh) they do call this forum "speculation right......also everthing I think I know is wrong do the opposite odds are better for you If bitcoin was to be accepted by ebay/paypal, I predict the mother of all spikes followed by the daddy of all crashes when people realise only 1% of the bitcoin community will actually spend their bitcoins as a currency for goods. Who here would just start giving their bitcoins away in return for stuff that you could buy with fiat? And what can I sell you?
|
|
|
|
rpietila
Donator
Legendary
Offline
Activity: 1722
Merit: 1036
|
|
November 18, 2013, 10:38:26 AM |
|
Just half an hour ago, the whole ask orders are around 1000 BTC in BTCChina, but now there're 1600BTC up to 3990 CNY now. It seems a quick small correction attracts quit a lot sellers.
Just wait to see what happens when 60k coins are rapidly dumped as it happened on April, 10th. It will be interesting to see how this affects the market when it happens. In "optimal" circumstances, it will drop the market to about its trendline, at most 25% below it. In other words, now it would go to $250-$350 area. I would not waste my coins just yet, if I were a market manipulator...
|
|
|
|
NewLiberty
Legendary
Offline
Activity: 1204
Merit: 1002
Gresham's Lawyer
|
|
November 18, 2013, 10:39:37 AM |
|
It's sade how miners have to stick with USD to get a positive ROI hey its "virtual gold" even gold compares itself to something..now when paypal and ebay take BTC that will loosen up a lot ..may work its way the other way around comparing USD to the amount of BTC you coulda had at a certain point in time just saying "mental games" ...that earth killing asteroid coming straight down on earth over the north pole (no telescopes to warn us) will probably make this all moot next week karma is a bi*ch and I myself am gonna play "look out for trucks next week" goes around comes around (prob tues with btc crash sigh) they do call this forum "speculation right......also everthing I think I know is wrong do the opposite odds are better for you If bitcoin was to be accepted by ebay/paypal, I predict the mother of all spikes followed by the daddy of all crashes when people realise only 1% of the bitcoin community will actually spend their bitcoins as a currency for goods. Who here would just start giving their bitcoins away in return for stuff that you could buy with fiat? And what can I sell you? Why not spend them when I can pay less when paying with bitcoin and buy the coins at the time of use?
|
|
|
|
samson
Legendary
Offline
Activity: 2097
Merit: 1070
|
|
November 18, 2013, 10:40:01 AM |
|
Just half an hour ago, the whole ask orders are around 1000 BTC in BTCChina, but now there're 1600BTC up to 3990 CNY now. It seems a quick small correction attracts quit a lot sellers.
Just wait to see what happens when 60k coins are rapidly dumped as it happened on April, 10th. Considering the current bid depth and daily volume, dumping 60k coins at once may drop the price to almost 0, but meanwhile you could dump it carefully for couple of days without affecting the price much. For someone has 60k coins (that's more than $30M now), I doubt he will choose to dump at once and lose half of his wealth. Guess you're new here Last weekends dip was about 60k dumped and it crashed the price to... where it was 3 days before. No one knows where the hell this is going but in terms of volume on the exchanges and panic buying we're at about $120 on the April rise. I mean sell it to the wall immediately, as the most extreme case, but yes I admit no one will do something like that. Large scale dumping tends to happen in stages. For example someone dumps about 4000 BTC like we just saw. The price will then quickly recover on low volume and everyone runs around congratulating themselves and patting each other on the back because they were strong and for 'holding' their coins instead of selling. The wealthy guy just made a shit load of money off the back of those who didn't sell. As soon as the bids fill in it happens again. This is if one person is dumping. If another whale is watching (and they will be) it will be a race to see who holds out the longest before dumping. As far as I'm concerned this is how a mass dumping event happens. All it takes is one or two to play the dumping game at the same time then others join in. Before you know it there's a free for all and everyone who's actively trading dumps their coins, exchanges get overloaded and the price bounces around like a ball bouncing down a stairway.
|
|
|
|
Mick129
Newbie
Offline
Activity: 24
Merit: 0
|
|
November 18, 2013, 10:40:11 AM |
|
Ok..this is the worst timing I hate Plus500 I keep bitcoin since mid october, the leverage was very good, the price was cheap and yeah I didn't got "eaten" by the margin. But without reason all my position as been closed at 580 !!!!! They also changed the leverage of 10:1 to 2:1 and increase the margin and they increased the comission to 8$ per bitcoin traded! It is 5h30 the morning here, and I am losing an opportunity! I needed to talk to someone, dont ever think to trade on Plus500! So now...Bitstamp or Mtgox?
|
|
|
|
Dargumin
Member
Offline
Activity: 107
Merit: 10
|
|
November 18, 2013, 10:42:40 AM |
|
Why not spend them when I can pay less when paying with bitcoin and buy the coins at the time of use?
Because the BTC you bought "at the time of use" may be worth $100 more the next day and could buy you a whole lot more?
|
|
|
|
dani
|
|
November 18, 2013, 10:42:53 AM |
|
anyone care to tell me why this is:
mtgox: 598 bfx: 573 btce 537 btsmp: 522
bitcoin.de: 430€ aka 580$
mtgox: sure, they don't do so well on payments, thats the reason I see here for high prices. bitfinex: wow, what the actual fuck? bitstamp: why are they way lower? Sure they pay, but so does bitfinex. Is it because bitfinex is kinda new as an exchange (new design recently, so a big startover, ending beta-phase). bitcoin.de: forget those germans, this looks kinda stupid to me.
So why is not bitstamp leading the price? They have around the same volume in trades as Mtgox has.
|
|
|
|
gandhibt
|
|
November 18, 2013, 10:43:44 AM Last edit: November 18, 2013, 11:46:55 AM by gandhibt |
|
There are some major differences now vs april. The most important one:
- Volume is spread in different exchanges
I highly doubt that we will see same kind of superpaniccrash that took place in %80 volume leading shitgox. Base in stronger. There were maybe 20k sold now and it didn't make a big dent and thats over 10 000 000 USD...
|
|
|
|
TERA
|
|
November 18, 2013, 10:45:11 AM |
|
I'm getting worried. Should I sell on bfx at 570 before it reconnects with bitstamp at 520?
|
|
|
|
dani
|
|
November 18, 2013, 10:46:30 AM |
|
There are some major differences now vs april. The most important one:
- Volume is spread in different exchanges
I highly doubt that we well see same kind of superpaniccrash that took place in %80 volume leading shitgox. Base in stronger. There were maybe 20k sold now and it didn't make a big dent and thats over 10 000 000 USD...
Sure, but the increase/day was so damn high last time. We didnt see this yet, so no reason to crash anyway. But if we see that increase again, it won't matter if you have 5 exchangers or 1. People will panic the fuck out of it, for human reasons, not for shitgox-lags.
|
|
|
|
gandhibt
|
|
November 18, 2013, 10:48:26 AM |
|
There are some major differences now vs april. The most important one:
- Volume is spread in different exchanges
I highly doubt that we well see same kind of superpaniccrash that took place in %80 volume leading shitgox. Base in stronger. There were maybe 20k sold now and it didn't make a big dent and thats over 10 000 000 USD...
Sure, but the increase/day was so damn high last time. We didnt see this yet, so no reason to crash anyway. But if we see that increase again, it won't matter if you have 5 exchangers or 1. People will panic the fuck out of it, for human reasons, not for shitgox-lags. ...but the panic/crash is not nearly as big, that's the thing, all is relative.
|
|
|
|
Rannasha
|
|
November 18, 2013, 10:48:42 AM |
|
anyone care to tell me why this is:
mtgox: 598 bfx: 573 btce 537 btsmp: 522
bitcoin.de: 430€ aka 580$
mtgox: sure, they don't do so well on payments, thats the reason I see here for high prices. bitfinex: wow, what the actual fuck? bitstamp: why are they way lower? Sure they pay, but so does bitfinex. Is it because bitfinex is kinda new as an exchange (new design recently, so a big startover, ending beta-phase). bitcoin.de: forget those germans, this looks kinda stupid to me.
So why is not bitstamp leading the price? They have around the same volume in trades as Mtgox has.
I'm guessing Stamp hasn't processed the wiretransfers from before the weekend yet and people have run out of USD to buy there. I know that Bitfinex doesnt have funds on Stamp anymore (BFX users can also trade on Stamp, but can only buy on Stamp when BFX has USD there, which they don't at the moment). I'm expecting Stamp to pull back up in a few hours when the fiat lands there.
|
|
|
|
NewLiberty
Legendary
Offline
Activity: 1204
Merit: 1002
Gresham's Lawyer
|
|
November 18, 2013, 10:49:41 AM |
|
Why not spend them when I can pay less when paying with bitcoin and buy the coins at the time of use?
Because the BTC you bought "at the time of use" may be worth $100 more the next day and could buy you a whole lot more? Try it with numbers and maybe you will understand. Say you have $1000 and 2 BTC and bitcoin is US$500ea and you want to buy something for 1BTC or $500. Seller's offer is that they will ship sameday express if you use BTC (because they have no risk). I want to buy this thing and maximize my BTC. I can either spend 1 BTC and buy 2 and end up with 3 BTC and sameday shipping, or spend US$500 and buy 1 BTC and end up with 3 BTC and wait on shipping. Either way I have 3 BTC but by spending the BTC I get shipping faster, seller has less risk and less fees. When you spend them, everyone wins, so your worry is silly. Make sense now?
|
|
|
|
|