JorgeStolfi
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January 08, 2014, 02:07:27 PM |
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What makes you think that new people are here only for profit and not to support great idea which bitcoin is.
Because they bought only after the rally was well under way. If they believed in Bitcoin they would have bought much earlier. Even if only half of those late buyers are speculators, their holdings must be much more than what shows up in the order books.
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gizmoh
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January 08, 2014, 02:13:33 PM |
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What makes you think that new people are here only for profit and not to support great idea which bitcoin is.
support a great idea v/s profit .. knowing that its each people's money/savings , the answer is clear ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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Mad Scientist
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January 08, 2014, 02:15:37 PM |
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What makes you think that new people are here only for profit and not to support great idea which bitcoin is.
Because they bought only after the rally was well under way. If they believed in Bitcoin they would have bought much earlier. Even if only half of those late buyers are speculators, their holdings must be much more than what shows up in the order books. Or perhaps they are long time Federal Reserve opponents who only recently found out about BitCoin when it was around $220? Like me? Not every new person is a "speculator" though I know there are many. Don't I WISH I could go back in time and buy BitCoin when it was a penny! Not only for the money, but to get out of Uncle Stupids' Fiat Money System.
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Bios Optimus
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January 08, 2014, 02:18:52 PM |
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Is there a way to trade on the difference between the two. Thanks from the "new guy"
That is called "arbitrage trading". As far as I can tell, it is happening all the time and is keeping all markets in lockstep, even those of other cryptocoins. The difference between MtGox and the others seems to be due to the difficulty and cost of getting USD out of there; it cannot be exploted for arbitrage, on the contrary it is arbitrage that keeps the ratio relatively constant in spite of the large price fluctuations. Thank you for your reply it is much appreciated
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ShroomsKit
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January 08, 2014, 02:30:57 PM |
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Does anybody really think the FBI can sell all of their coins at an auction? Yea right. And the big money probably won't be interested when it learns WHY the FBI has lost faith in bitcoins. They will be forced to sell on an exchange.
Don't you ever get tired? Your posts are entertaining but surely you must get tired of typing bullshit 24/7? A lot of people have him on ignore. It would be nice if you could stop quoting him. Shroomsie , do you know you're white clean again just like walsoraj? At least your ignore button? =))))) No i didn't! Damn, now i have to start all over again.
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dgarcia
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January 08, 2014, 02:31:54 PM |
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$140 between stamp and gox... this is getting just ridiculous
Stamp makes exactlty the same movements as huobi :-/
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Spaceman_Spiff
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₪``Campaign Manager´´₪
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January 08, 2014, 02:33:11 PM |
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What makes you think that new people are here only for profit and not to support great idea which bitcoin is.
support a great idea v/s profit .. knowing that its each people's money/savings , the answer is clear ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Can't we do both?
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JorgeStolfi
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January 08, 2014, 02:39:19 PM |
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Or perhaps they are long time Federal Reserve opponents who only recently found out about BitCoin when it was around $220?
I am referring to the people who bought after the price was near 1000, just before the peak. The volume exploded during the rally; it is unlikly that the buyers were all Believers. Besdes, for every buy there was a sell, so many of those who bought before the rally clearly were not Believers either. I would guess that almost all the trade we see, in all exchanges, is due to speculators trying to earn old money by exploiting Bitcoin's volatiliy (or trying to minimize their losses before jumping out). That includes any robot trading and manipulation that may be happening.
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ChartBuddy
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January 08, 2014, 03:02:27 PM |
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damiano
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103 days, 21 hours and 10 minutes.
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January 08, 2014, 03:15:13 PM |
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read it last night, linked it here as well. Tera felt it was repetition of stuff already mentioned. Others explained to me how the negative commission for market makers worked seems all around interesting. I mean it is not impossible he's just putting on a front. All the while knowing its closing down...but I doubt it will and huobi is the volume holder so it really depends on how they get cracked down upon if a crack down appears. Will china keep us busy the whole of January? Would've thought China wasnt that importing anymore, but i guess i was wrong. IMO unless you believe huobi is faking the volume ( least tinfoil is bots self trading @ 0%) , then it is insane to not take caution noticing they have a 54% of the btc volume. then its btc-e 12.11%, stamp 11.79%, btcchina 7.99%, gox 7.60%. So yeah it ain't over till the PBOC sing. Also if its fake volume..then when proven true it would reveal there are less coins in the market then some think.. which would likely cause a price rise. Is there any real proof of this "fake" volume? I just don't buy it.
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humanitee
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January 08, 2014, 03:17:39 PM |
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read it last night, linked it here as well. Tera felt it was repetition of stuff already mentioned. Others explained to me how the negative commission for market makers worked seems all around interesting. I mean it is not impossible he's just putting on a front. All the while knowing its closing down...but I doubt it will and huobi is the volume holder so it really depends on how they get cracked down upon if a crack down appears. Will china keep us busy the whole of January? Would've thought China wasnt that importing anymore, but i guess i was wrong. IMO unless you believe huobi is faking the volume ( least tinfoil is bots self trading @ 0%) , then it is insane to not take caution noticing they have a 54% of the btc volume. then its btc-e 12.11%, stamp 11.79%, btcchina 7.99%, gox 7.60%. So yeah it ain't over till the PBOC sing. Also if its fake volume..then when proven true it would reveal there are less coins in the market then some think.. which would likely cause a price rise. Is there any real proof of this "fake" volume? I just don't buy it. It is totally fake. It's a bunch of bots and traders fucking each other hard and fast at 0% fees. Anyone who claims otherwise probably has trouble opening cans of soup.
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damiano
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103 days, 21 hours and 10 minutes.
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January 08, 2014, 03:34:34 PM |
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Bitstamp battle @800
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Ashitank
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January 08, 2014, 03:40:39 PM |
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@ this rate we may be testing 600 lolz
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kehtolo
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January 08, 2014, 03:42:51 PM |
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@ this rate we may be testing 600 lolz
Not quite yet hopefully! Waiting for my transfer through to Bearstamp.. hopefully there in the morning.
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damiano
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103 days, 21 hours and 10 minutes.
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January 08, 2014, 03:45:22 PM |
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@ this rate we may be testing 600 lolz
support kicked in
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Ashitank
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January 08, 2014, 03:47:05 PM |
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@ this rate we may be testing 600 lolz
support kicked in I don't think party is over yet ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Spaceman_Spiff
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January 08, 2014, 03:54:42 PM |
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Hi guys, I think there is a need for a thread where people can get up to speed with the latest news (especially when you came back from holliday or after a busy period at work), without having to dig through hundreds of posts, so I created this thread: https://bitcointalk.org/index.php?topic=405268.new#newhave fun !
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Anima
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January 08, 2014, 03:55:00 PM |
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Support kicked in @ 765 at Bistamp yesterday.. i think we will slowly inch towards the 700 zone this week.. maybe even go down to 600's at this rate.
Thank goodness i sold my coins at 977 this very monday..
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Vigil
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January 08, 2014, 03:56:34 PM |
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Choo Choo! -> Poo Poo
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ChartBuddy
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January 08, 2014, 04:02:28 PM |
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