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Author Topic: 10 EU vs 10 USD  (Read 2503 times)
cbeast
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July 09, 2011, 03:57:38 PM
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Bitcoin has dropped occasionally down to 10 USD, but is remaining stable around 10 EU. Is 10 a psychosocial number for BTC? If this is a trend, then why is it significant? What other numbers will be significant?

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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LokeRundt
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July 09, 2011, 07:49:22 PM
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Bitcoin has dropped occasionally down to 10 USD, but is remaining stable around 10 EU. Is 10 a psychosocial number for BTC? If this is a trend, then why is it significant? What other numbers will be significant?

Yah whaa?  Been well above 13USD all today while I've checked it.

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July 09, 2011, 08:03:13 PM
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Bitcoin has dropped occasionally down to 10 USD, but is remaining stable around 10 EU. Is 10 a psychosocial number for BTC? If this is a trend, then why is it significant? What other numbers will be significant?
Yah whaa?  Been well above 13USD all today while I've checked it.
For your information 10 EUR is 14.27 USD, which is where the Bitcoin price has been all day by a margin of only 3%.  It may be a psychological level.  Miners may not want to sell below 10 EUR, and buyers don't want to buy above.

Sjå http://bitmynt.no for veksling av bitcoin mot norske kroner.  Trygt, billig, raskt og enkelt sidan 2010.
I buy with EUR and other currencies at a fair market price when you want to sell.  See http://bitmynt.no/eurprice.pl
I support the roadmap.  If a majority of miners ever try to forcefully take control of Bitcoin through a hard fork without 100% consensus, I will immediately split out and dump all my forkcoins, and buy more real Bitcoin.
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July 11, 2011, 12:46:44 AM
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All round numbers are psychological barriers in both directions.

$14 will always be more of a barrier than $14.30. And the same with euros...

The relative resistances of these barriers are unknowable and irrelevant over the long term.
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July 11, 2011, 10:20:33 AM
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Bitcoin has dropped occasionally down to 10 USD, but is remaining stable around 10 EU. Is 10 a psychosocial number for BTC? If this is a trend, then why is it significant? What other numbers will be significant?
Yah whaa?  Been well above 13USD all today while I've checked it.
For your information 10 EUR is 14.27 USD, which is where the Bitcoin price has been all day by a margin of only 3%.  It may be a psychological level.  Miners may not want to sell below 10 EUR, and buyers don't want to buy above.
Maybe americans still think that 1$ is 1€...
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July 11, 2011, 05:46:07 PM
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One should also be aware that, given sufficient data, it is usually easy to find any pattern you are looking for.
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July 11, 2011, 06:51:23 PM
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I hope that after year or so the price will be steady at $10/BTC so that people can easily convert the exchange rate in their head when their talking to someone else.

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July 11, 2011, 08:23:48 PM
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it's just waiting for a big opportunity. people are saving them, not spending them on much of anything. it will pick up when Steve Jobs integrates it into iOS. then it will be worth millions
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July 11, 2011, 11:34:11 PM
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it's just waiting for a big opportunity. people are saving them, not spending them on much of anything. it will pick up when Steve Jobs integrates it into iOS. then it will be worth millions
I'm waiting for Android users to have POS systems that allow easy and secure transactions. Steve Jobs will adapt it as *his* idea after it shows how profitable it is. He'll then add an "I" or "Mac" to his bitcoin app and market it to the trendy suburban boutiques.

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July 13, 2011, 11:25:05 PM
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So we are still rockin' steady at 10 EU. I expect it will stay here until the large caches are sold off and people start using them in some trendy, but legal fashion. It may take months or years for hoarders to finally loosen their grip and set bitcoin free to find its place in the global economy.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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July 14, 2011, 01:19:38 PM
 #11

Bitcoin has dropped occasionally down to 10 USD, but is remaining stable around 10 EU. Is 10 a psychosocial number for BTC? If this is a trend, then why is it significant? What other numbers will be significant?

I was also fooled by this and tried some arbitrage business. Doesn't work well because the market depth in, like, bitmarket.eu is just too small. Try selling BTC 1000 there.


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cbeast
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July 27, 2011, 09:18:26 AM
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It probably will plateau again when the next stage of speculators jumps in. I suspect it will get to 100 EU and hold there around first quarter 2012, but it has been holding fairly steady at 10 EU (+or-1) for several weeks.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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July 27, 2011, 10:25:43 AM
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Fop all of us who mine that would bea godsent present Wink WOuld definitely help me payfor all the stuf I am ordering now Wink
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July 27, 2011, 10:43:58 AM
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It probably will plateau again when the next stage of speculators jumps in. I suspect it will get to 100 EU and hold there around first quarter 2012, but it has been holding fairly steady at 10 EU (+or-1) for several weeks.

Seriously? Cheesy Cheesy Cheesy

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cbeast
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July 27, 2011, 11:32:40 AM
 #15

It probably will plateau again when the next stage of speculators jumps in. I suspect it will get to 100 EU and hold there around first quarter 2012, but it has been holding fairly steady at 10 EU (+or-1) for several weeks.

Seriously? Cheesy Cheesy Cheesy
"Donate if you plan to finance a future global-troll"

nice tag

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
checkmate
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July 27, 2011, 02:59:49 PM
 #16

It probably will plateau again when the next stage of speculators jumps in. I suspect it will get to 100 EU and hold there around first quarter 2012, but it has been holding fairly steady at 10 EU (+or-1) for several weeks.

Seriously? Cheesy Cheesy Cheesy
"Donate if you plan to finance a future global-troll"

nice tag

I can haz bidcoinz nao?

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July 28, 2011, 12:46:16 AM
 #17

Well noticed. Without looking at in-depth charts, I don't think I've ever seen BTC/€ significantly under 10 euros. In the low 9's but that's it.

Miners probably are reluctant to sell below that price point, there is no rational reason why it didn't plunge down to 7€ back when prices plummeted to $10.25

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