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Author Topic: BTC hit 120 PLN, (217/156 as valuable as MtGox high) - did anyone notice?  (Read 2417 times)
Man From The Future
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June 22, 2011, 04:11:47 PM
 #1

TL;DR: Read it, I'm not writing a TL;DR. If you can't be bothered to read it, don't reply to it. :/

120PLN is FAR more than the MtGox high... (If you use days, the high is ~95... but still more!)

It seems polish people are more confident in bitcoin than americans, they have a higher peak (yes, I did conversions :/), and currently, even when most places are low, are trading at about the same value as Mt Gox traded at before the hax flash crash thingy)! Smiley

Even us British people are more confident than TH's current value, BTC at ~10GBP, which is ~16/14 as valuable as TH!

If you look at dollar values, these are 43.4(120 PLN), 34.4(95PLN), and 16.1(10GBP).

Data from bitomat and britcoin.

These markets are also more stable. (Although one could say that britcoin shouldn't count, due to its ultralow volume.... It did temporarily hit 100GBP on a micro-bit trade, for example! Tongue)

Discuss!(And shout at me?)

edit: Edited for clarity.
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June 22, 2011, 04:18:07 PM
 #2

I'm too busy changing all my passwords

Set up the same thing..
http://bit.ly/btcrefs
Get more bitcoins.
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June 22, 2011, 04:20:56 PM
 #3

Not sure how you trade if you dont even know how bitcoinwatch works.

The value of bitcoinwatch is allready in PLN for bitomat, that isnt $ value.

It is however trading decently but not as aggresive as your post.

49.20 PLN   =   17.8079 USD

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Man From The Future
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June 22, 2011, 04:30:10 PM
 #4

Not sure how you trade if you dont even know how bitcoinwatch works.

The value of bitcoinwatch is allready in PLN for bitomat, that isnt $ value.

It is however trading decently but not as aggresive as your post.

49.20 PLN   =   17.8079 USD

You should put TL;DR if you can't be bothered to read.

120PLN, converted to USD, is greater than 31USD.

I even listed currency conversions. You sir, fail.

(I do admit I avoided referencing dollars, intentionally, as much as possible, to avoid being dollar-centric, as many are, and I have become, on the subject of bitcoins.) Sad

edit: (And you can't do math? 217/156 is obviously nowhere near 120/31 Tongue)

edit 2: Maybe my first post isn't that clear, I've addressed two subjects - peaks, and current value.
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June 22, 2011, 04:37:14 PM
 #5

Ok I was trying to be polite and help you.

The value I listed was the high PLN per BTC trade for today.

But no so here goes you fking dumb fuck.

The highest PLN trade so far is 50 PLN per BTC on bitomat and not 120 PLN, where ever you get your stats(or made up stats) only you would know.

Now I await your braindead comment of made up exchange values.

Lastly, your topic clearly suggest that "BTC hit 120 PLN" , in english that would mean the value of BTC hit 120 PLN per BTC. What troll language do you speak? Funny that 120 PLN converted to $ gives me $43.x which is the current listed PLN value on bitcoinwatch so its pretty obvious you thought the listed price on Bitcoinwatch = $ value and not PLN value.

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June 22, 2011, 04:46:47 PM
 #6

I guess I'm stupid, too...because when I look at the chart over at bitcoincharts.com, it looks like BTC did indeed break 120 PLN back on June 8 on Bitomat. Maybe I've been reading this chart wrong all this time?

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June 22, 2011, 04:49:43 PM
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Nooo, my brain is bleeding out of my ears, every time I see BTC has hit 120 PLN and now I know it is not true!

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June 22, 2011, 04:52:22 PM
 #8

I guess I'm stupid, too...because when I look at the chart over at bitcoincharts.com, it looks like BTC did indeed break 120 PLN back on June 8 on Bitomat. Maybe I've been reading this chart wrong all this time?

Ok so we are going to work on a topic of "BTC hit 120 PLN" today when its relevant for 3 weeks ago? Are we so desperate to work from outdated values and ignore current values?

<sarcasm>

I offer my humble apology, I totally forgot that its 100% realistic to try equate a value today to a value 3weeks ago.

</sarcasm>

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June 22, 2011, 04:52:45 PM
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PLN may have hit a higher high, but it is mostly on track with USD the rest of the time.  Anyone know what kind of fees the websites that use PLN charge?
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June 22, 2011, 04:58:24 PM
 #10

Anyone know what kind of fees the websites that use PLN charge?

Currently: 0% trade. 0% deposit. 0% withdrawal.

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June 22, 2011, 05:15:13 PM
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I was, referring to two things, as stated... peaks, which are obviously more long term, and current values. Recently, PLN BTC value has been higher then USD BT value, when converted.

Peak was just an unimportant thing I found interesting, I guess the higher value is the more important of the two? That does not mean that I cannot make a statement about peak.

(And the "did anyone notice" is because I saw no mention of this when it actually did happen, so it is still relevant also in that sense.)

I'd prefer not to have this degenerate into a flame war, however I fel it is already headed in that direction. I just can't resist... arguing! Cheesy
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June 22, 2011, 05:33:11 PM
 #12

Thank you for your input gentlemen, but I fail to see how your bickering will help us achieve our objective.

So who's buying bitcoin for extortionate amounts again? :p
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June 22, 2011, 09:13:31 PM
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This doesn't surprise me as I expect the price of btc to start it journey back up as soon as trading resumes at MtGox for USD as well. The crash didn't actually do any damage other than to MtGox and their reputation. Btc, as a result of the Sunday's debacle, received huge amount of media coverage to spread the word of btc's existence. Problem isn't that we get negative coverage, but that we don't get enough coverage as the intels of the world will easily recognize the real opportunity behind the smoke and mirror that media throws in with their reporting.

If there are smart people out there that have seen the recent media coverage, they will surely have taken the time to search for more info and are rdy to jump in asap. Personally all it took me to look into bitcoin was someone mentioning that they would have to exchange this new digital currency it to paypal dollars to buy some computer equipment on a forum thread way back. I've never heard of bitcoins at the time and that was all it took to pique my interest. It wasn't anything more than an ordinary comment referring to bitcoin. I'm sure it won't take much to excite people who already have their radar tuned in for new opportunities such as this already.
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June 22, 2011, 09:24:05 PM
 #14

so there's some opportunity for some arbitrage?
1. Buy bitcoins in USD
2. Sell bitcoins in PLN
3. Convert PLN to USD (hopefully this doesn't eat up all the profits)
4. profit!
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June 22, 2011, 09:29:55 PM
 #15

Interesting...

I too agree with one of the respondents in that I think bitcoin has proven its resilience after the mtgox hax and has generated a lot of interest via media attention. I suspect that once trading resumes bitcoin price will remain static as holders of Bitcoins panic sell and new buyers enter the market. I suspect though this balance will swing very quickly creating a new 'high' as new buyers flood the market.

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June 22, 2011, 09:38:01 PM
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It seems polish people are more confident in bitcoin than americans, they have a higher peak (yes, I did conversions :/), and currently, even when most places are low, are trading at about the same value as Mt Gox traded at before the hax flash crash thingy)! Smiley

Even us British people are more confident than TH's current value, BTC at ~10GBP, which is ~16/14 as valuable as TH!


Poland is closer the to economic abyss, at the present time, than the United States.  At least that is how it looks from my POV.  The US's turn will come, but not till after the European Economic Union implodes, which might happen before the end of Summer.  If not, it certainly will next Winter, once the Russians start price gouging for natural gas again.  Pray for a mild Winter, or the Germans might be high-stepping through main streets across Europe once again, just looking for heating fuel.  Lord knows that neither the Greeks nor the French have the fortitude to do anything more than burn their own cities and drink away the bad memories.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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June 22, 2011, 09:40:26 PM
 #17

so there's some opportunity for some arbitrage?
1. Buy bitcoins in USD
2. Sell bitcoins in PLN
3. Convert PLN to USD (hopefully this doesn't eat up all the profits)
4. profit!

Arbitrage is limited by the difficulty in actually buying bitcoins with US $.  If you don't already have the bitcoins, you're probably out of luck.  Personally, I wouldn't want either Pounds or Euros.  I'd rather have US $, if those are my choices.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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June 22, 2011, 09:41:21 PM
 #18

Thank you for your input gentlemen, but I fail to see how your bickering will help us achieve our objective.

And what would our objective be?

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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June 22, 2011, 10:32:40 PM
 #19

Thank you for your input gentlemen, but I fail to see how your bickering will help us achieve our objective.

And what would our objective be?

Making me rich!  Cool
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June 22, 2011, 11:33:56 PM
 #20

That might be your objective, but it's certainly not mine.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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