bitpop (OP)
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June 09, 2013, 06:17:29 PM |
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Why? Because it makes a great mental method to calculate usd<>btc. I love that's it's $100 right now so I know exactly my value in btc.
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superduh
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June 09, 2013, 06:21:31 PM |
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You mean up again?
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ok
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Jakewell
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June 09, 2013, 06:22:29 PM |
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the price is going down.. it fell to $88 and now its going down again.
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bitpop (OP)
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June 09, 2013, 06:40:31 PM |
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Never mind then a lot of new asic companies dumping btc.
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ruletheworld
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June 09, 2013, 08:26:37 PM |
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Why? Because it makes a great mental method to calculate usd<>btc. I love that's it's $100 right now so I know exactly my value in btc.
Well, so is $1000 = 1 BTC actually
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bitpop (OP)
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June 09, 2013, 08:34:23 PM |
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Exactly next resistance is 1000 or 10 :/
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dnaleor
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June 09, 2013, 10:50:52 PM |
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Exactly next resistance is 1000 or 10 :/
i prefere 1000 $
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wachtwoord
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June 09, 2013, 11:16:51 PM |
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I prefer $10
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dnaleor
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June 09, 2013, 11:24:28 PM |
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I prefer $10 ok, I prefere 10$ tomorrow (because I will have some money comming in) and then the day after 1000$
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bitpop (OP)
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June 09, 2013, 11:32:07 PM |
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Yes 10 first then 1000 See I'm somewhat right it's holding on to 100.
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wachtwoord
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June 09, 2013, 11:35:00 PM |
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Yes 10 first then 1000 See I'm somewhat right it's holding on to 100.
Little secret: It won't be 10
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bitpop (OP)
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June 09, 2013, 11:40:46 PM |
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Could be since these asic companies are dumping millions
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mvidetto
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June 10, 2013, 01:31:08 AM |
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Could be since these asic companies are dumping millions
Don't think the companies are dumb enough to manipulate the market down as it then cuts into their profits. It is more than likely someone looking to capitalize on shorts of BTC/lower prices.
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bitpop (OP)
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June 10, 2013, 01:32:56 AM |
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It seems plausible they keep stopping at $100 and it's bitpay, do they really care? They could be trying to buy cheap. Great position to be a manipulator.
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worldinacoin
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June 10, 2013, 01:33:09 AM |
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Well it can be 100 cents right? Touch wood. But the last time I saw the price in Mtgox it was exactly $100.
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bitpop (OP)
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June 10, 2013, 01:34:58 AM |
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I am a savant
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bb999
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June 10, 2013, 01:36:31 AM |
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Why? Because it makes a great mental method to calculate usd<>btc. I love that's it's $100 right now so I know exactly my value in btc.
Mental math resistance points (like $100) don't consistently apply in large liquid markets like forex, (look at the JPY/USD exchange rate jumping all over the place the last few weeks) I definitely don't see any evidence they exist in BTC/USD. This volatility could be in part due to it being a weekend in most of the markets BTC trades in, or simply endemic to a currency with total market cap around $1B USD, either way I still think it's a great asset to hold over the long-term, but not a place to park your rent money.
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bitpop (OP)
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June 10, 2013, 01:38:38 AM |
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True but forex has too many pips and both sides are a currency. Here we have only usd usually and btc still in whole units.
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bb999
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June 10, 2013, 02:11:02 AM |
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True but forex has too many pips and both sides are a currency. Here we have only usd usually and btc still in whole units.
If you think forex has too many pips you should stay away from BTC altogether with its 8 decimal places. I'm not sure what you mean by BTC still in whole units, also BTC can be exchanged into many varieties of fiat besides USD.
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bitpop (OP)
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June 10, 2013, 02:12:01 AM |
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No one pays attention to the decimal places, yet.
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