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fr33d0miz3r
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January 22, 2014, 07:05:36 PM |
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I'm a moon citizen, so SHOTR and get a MAGRIN KALL after this:  So the fair value for Jan 2014 is somewhere between US$180 and US$18000 per BTC? Hard to argue with that. We ran 100x in a year and not going to crash. So, I guess every price is fair for BTC. |
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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NewLiberty
Legendary
 Offline
Activity: 1204
Merit: 1002
Gresham's Lawyer
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January 22, 2014, 07:11:02 PM |
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I'm a moon citizen, so SHOTR and get a MAGRIN KALL after this: So the fair value for Jan 2014 is somewhere between US$180 and US$18000 per BTC? Hard to argue with that. We run 100x in a year and not going to crash. So, I guess every price is fair for BTC. 100x? Pump much?  As a user I'd be happier with 2x-6x with lower highs and higher lows. As an investor, CCMF. |
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fr33d0miz3r
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January 22, 2014, 07:14:02 PM |
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100x? Pump much?
As a user I'd be happier with 2x-6x with lower highs and higher lows. As an investor, CCMF.
I guess this is an initial pump for opening and confirming a long term trend channel to $1M. (I mean the pump from 2010 to these days) |
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JorgeStolfi
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January 22, 2014, 07:17:36 PM |
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Well, Huobi's Wednesday was not a replay of last Sunday after all. Volume increased only a little bit in the afternon, and price dropped ~40 CNY instead of jumping up by ~180 CNY. They must have had a hell of party on Tuesday night...  (Seriously though: anyone would dare guess how Huobi's clients access the internet? By smartphone, PC at home, PC at work, at cybercafes, ...?) |
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Davyd05
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January 22, 2014, 07:28:24 PM |
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according to my random lines on a chart. 975 gox feb 1st  |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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January 22, 2014, 07:30:59 PM |
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very wow, much supersize, very surreal. |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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January 22, 2014, 07:35:55 PM |
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very wow, much supersize, very surreal. ok after looking at this more closely.... this is nothing google said " We are paying attention to this issue " this can mean anything, there is no confirmation that google is working on anything bitcoin related very misleading much lies such exaggeration |
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fr33d0miz3r
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January 22, 2014, 07:38:44 PM |
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And where we are heading:  |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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January 22, 2014, 07:44:10 PM |
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And where we are heading: Much TA Very accurate Such truth |
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mellowyellow
Member
Offline
Activity: 112
Merit: 10
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January 22, 2014, 07:45:40 PM |
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Seriously guys - STOP USING GOX.
The volume is so low it's pitiful. Look at btc-e, stamp and huobi for what is really going on. No-one with money follows gox anymore.
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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January 22, 2014, 07:46:05 PM |
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you colored outside the lines.... your doing it wrong! |
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xyzzy099
Legendary
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Activity: 1062
Merit: 1041
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January 22, 2014, 07:46:12 PM |
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Lots of nice predictions, we will see if they materialize. (By the way, CNN blogs are not very selective on what theiy publish, it seems. The author does not seem to be affiliated with CNN. Is that a reader-contributed article?) The title of that article is rather funny though. Does the author realize that Napster was originally a pirate site that threatened to bypass the copyright industry's monopoly market, was crushed for that, then assimilated by that industry? If we take that title literally, Bitcoin will be appropriated by the banks, and turned into a fancy brand for something entirely different from the dream of its inventors. Napster and other pirate music sites had perhaps the merit of forcing the music industry to accept the internet as a delivery channel (instead of physical records) and reduce their prices from absurd to merely exaggerated. (But the merit for that goes to Apple, whoc ould not simply be crushed like Napster was.) I do hope that cryptocoins will at least have the same effect on the cost and delay of international money transfers. Beyond that -- well, I am still not convinced. Here is some more food for thought for you, from the NY Times. Bitcoin is much more than just a simple financial instrument: (The author is the same Marc Andreesen who created the original Mosaic webbrowser and co-founded the Netscape Corporation) http://dealbook.nytimes.com/2014/01/21/why-bitcoin-matters/?_php=true&_type=blogs&_r=0 |
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fr33d0miz3r
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January 22, 2014, 07:46:45 PM |
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Too slow rise. Not a bitcoin style |
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Buffer Overflow
Legendary
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Activity: 1652
Merit: 1015
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January 22, 2014, 07:47:24 PM |
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flynn
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January 22, 2014, 07:59:35 PM |
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Much TA
Very accurate
Such truth
Beside, Bitcoin's TA is based on dinosaurs, not lines. |
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JorgeStolfi
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January 22, 2014, 08:01:45 PM |
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In case anyone cares, here is a plot of the transaction logs for some exchanges, for about 40 min around 19:00 UTC today:  Note that MtGOX prices were reduced arbitrarily by 11% for plot scaling reasons. The CNY/USD conversion rate (6:1) was picked arbitrarily too. Transactions per minute in that interval: OKCoin 4.56, BTC-e 3.47, Bitstamp 2.24, Huobi 1.92, MtGOX 0.94. Mean transaction volume (BTC) in that interval: MtGOX 2.07, Bitstamp 1.79, Huobi 1.09, OKCoin 0.77, BTC-e 0.45 |
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ChartBuddy
Legendary
 Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 22, 2014, 08:02:32 PM |
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zoinky
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January 22, 2014, 08:09:50 PM |
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Seriously guys - STOP USING GOX.
The volume is so low it's pitiful. Look at btc-e, stamp and huobi for what is really going on. No-one with money follows gox anymore.
What are you talking about.. Gox > BTC-e. |
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