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Author Topic: Looks like Mt. Gox's price has stabilized pretty nicely...  (Read 1419 times)
mpfrank
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June 27, 2011, 12:13:54 AM
 #1

A big HA-ha! to everyone who said that Bitcoin was dead, or too volatile.  After running this gauntlet, Mt. Gox and Bitcoin will be stronger & more secure, more stable and resilient.  I think the hackers did us a favor - we'll all be better for it in the long run.

If all the sovereign non-cryptocurrencies will eventually collapse from hyperinflation, you can't afford *not* to invest in Bitcoin...  See my blog at http://minetopics.blogspot.com/ .

Donations accepted at:  17twYNyqTiCTM2gJmumkytvhZh4sCVSKNH
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BTC Economist
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June 27, 2011, 12:20:33 AM
 #2

No volatility = no speculators -> no market -> bubble implodes

When BTC soars, you need to be READY!  PM me to learn more about my new e-book, How to Create and Profit from the Second Bitcoin Bubble available exclusively to BTC forum members!

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hamdi
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June 27, 2011, 12:22:27 AM
 #3

yeah, also www.tradehill.com market prices pretty much match www.mtgox.com prices.

RandyMarsh
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June 27, 2011, 12:23:18 AM
 #4

bought 800 ฿TC at $14.27800  Grin

Stan?! STAN?!?!
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June 27, 2011, 12:25:07 AM
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I think the hackers did us a favor - we'll all be better for it in the long run.

Some people did pay a high price for the learning curve.

"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'
Serge
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June 27, 2011, 12:25:47 AM
 #6

No volatility = no speculators -> no market -> bubble implodes

too bad market did not agree on your fundamental price estimate, maybe next time Wink
Joise
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June 27, 2011, 12:46:17 AM
 #7

No volatility = no speculators -> no market -> bubble implodes

Speculation surely is one driver.

Another is, according to quantity theory:

Less volatility
-> more confidence of merchants and consumers
-> more real commerce
-> more real value moved
-> higher valuation of the unit.

And this driver is the one which is important in the long run.
GeniuSxBoY
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June 27, 2011, 12:49:36 AM
 #8

Quote
Mt Gox charges a small fee (0.00%) for each trade.




love love LOVE it!
padrino
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June 27, 2011, 02:00:29 AM
 #9

Have you noticed the orders on the books right now, someone isn't going to let it fall..

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Jack of Diamonds
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June 27, 2011, 02:02:03 AM
 #10

bought 800 ฿TC at $14.27800  Grin

You just had $10k dollars lying around on Gox before the hack?

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Frank White
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June 27, 2011, 02:30:46 AM
 #11

good stuff marsh :}
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