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Author Topic: Bitcoin stabilizing around $15.  (Read 4456 times)
Vanquistador
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June 25, 2011, 02:48:09 AM
 #21

I'm guessing a lot of people have money or BTC stuck at Mt. Gox now.  Once people who were actually trading get back going, we'll see where the market takes it.  $15 is just a sign of no volume.

Less volume typically means more fluctuation, doesn't it? Because individual trades have more of an effect.

Only if there are large trades.  It seems that TH limits the bid/asks to 100 limit. 
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Tronlet
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June 25, 2011, 11:52:24 AM
 #22

I'm guessing a lot of people have money or BTC stuck at Mt. Gox now.  Once people who were actually trading get back going, we'll see where the market takes it.  $15 is just a sign of no volume.

Less volume typically means more fluctuation, doesn't it? Because individual trades have more of an effect.

Only if there are large trades.  It seems that TH limits the bid/asks to 100 limit. 
200, actually, but yeah, that makes sense. Thanks. Smiley

SmokeAndMirrors
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June 25, 2011, 08:01:49 PM
 #23

Bitcoins will be stable once it pushes all other currencies out of the image.

Help Bitcoins by buying clothes, technology, books, etc. through people/stores that accept BTC. This will increase overall value of BTC as well as mitigate unnecessary bank transaction fees.

My address -
1EM9HGg1SEa5Bux1rVEPxGqGSfNTTc9EkC
Nagle
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June 26, 2011, 04:11:29 AM
 #24

After some churn, and a big influx of Bitcoins as people pull their balances out of Mt. Gox, we're back around $15 again.

This is good. A stable, boring currency is a useful currency.
iopq
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June 26, 2011, 04:27:11 AM
 #25

(...) between the dificulty increase and a possible influence on the BTC price.

How would difficulty have an influence on BTC price?
because we've been producing more than 6 blocks an hour, so now the supply will go down to 6/hr instead of the greater amount we've been having

hawks5999
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June 26, 2011, 07:48:47 AM
 #26

After some churn, and a big influx of Bitcoins as people pull their balances out of Mt. Gox, we're back around $15 again.

This is good. A stable, boring currency is a useful currency.

Make up your mind. Is it a useful currency or a ponzi scheme like your website says or a "pyramid schemes, tulipomania, bucket shops, pump and dump" like your Bitcoin Discussion post says? you seem bipolar and therefore like an amateur finance type.

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