Bitcoin Value Hits $133 for the first time since May 26th

[cryptocoinsnews]

After an insane 13k+ BTC buy (~$1.5+ million USD) on Mt. Gox, Bitcoin’s value has skyrocketed to $133 for the first time since May 26th, 2013.

BitcoinAverage’s value (including Bitstamp, BTC-E, and others) is now at $127+, seen here:

http://www.cryptocoinsnews.com/2013/08/27/bitcoin-value-hits-133-for-the-first-time-since-may-26th/

[areebmajeed]

After an insane 13k+ BTC buy (~$1.5+ million USD) on Mt. Gox, Bitcoin’s value has skyrocketed to $133 for the first time since May 26th, 2013.

BitcoinAverage’s value (including Bitstamp, BTC-E, and others) is now at $127+, seen here:

http://www.cryptocoinsnews.com/2013/08/27/bitcoin-value-hits-133-for-the-first-time-since-may-26th/

Awesome!

[cryptocoinsnews]

After an insane 13k+ BTC buy (~$1.5+ million USD) on Mt. Gox, Bitcoin’s value has skyrocketed to $133 for the first time since May 26th, 2013.

BitcoinAverage’s value (including Bitstamp, BTC-E, and others) is now at $127+, seen here:

http://www.cryptocoinsnews.com/2013/08/27/bitcoin-value-hits-133-for-the-first-time-since-may-26th/

Awesome!

:-D

[elor70]

its 118 now 

[crazy_rabbit]

its 118 now 

nope, its 129.485. As of right  now.

[zoinky]

its 118 now 

nope, its 129.485. As of right  now.

Crazy thing is, you both are correct.

[Rygon]

its 118 now 

nope, its 129.485. As of right  now.

Crazy thing is, you both are correct.

  Schrödinger's Bitcoin?

[cryptocoinsnews]

lol

[bitcon]

118 on bitstamp he means.  i always wonder why people do large buys. if they made several smaller buys, they could probably get more coins.... unless this is an attempt at manipulation.

[smoothie]

its 118 now 

nope, its 129.485. As of right  now.

To be safe I always pick the lower value.

[Singlebyte]

its 118 now  

nope, its 129.485. As of right  now.

To be safe I always pick the lower value.

Mentally, I pick the highest exchange rate (MtGox) for knowing what my BTC is worth and look at the lowest going rate when I want to buy!  

[smoothie]

its 118 now  

nope, its 129.485. As of right  now.

To be safe I always pick the lower value.

Mentally, I pick the highest exchange rate (MtGox) for knowing what my BTC is worth and look at the lowest going rate when I want to buy!  

You consider the exchange's solvency when considering exchanging BTC for fiat?

[theDF]

After an insane 13k+ BTC buy (~$1.5+ million USD) on Mt. Gox, Bitcoin’s value has skyrocketed to $133 for the first time since May 26th, 2013.

BitcoinAverage’s value (including Bitstamp, BTC-E, and others) is now at $127+, seen here:

http://www.cryptocoinsnews.com/2013/08/27/bitcoin-value-hits-133-for-the-first-time-since-may-26th/

Nice

[Singlebyte]

its 118 now  

nope, its 129.485. As of right  now.

To be safe I always pick the lower value.

Mentally, I pick the highest exchange rate (MtGox) for knowing what my BTC is worth and look at the lowest going rate when I want to buy!  

You consider the exchange's solvency when considering exchanging BTC for fiat?

Lol...of course...

[teukon]

BitcoinAverage’s value (including Bitstamp, BTC-E, and others) is now at $127+, seen here:

The volume-weighted average of the reasonably functional BTC-USD exchanges would be more instructive.  Including Mt. Gox (i.e. assuming that 1 Mt. Gox USD has a value equal to that of 1 USD) in a calculation of "BitcoinAverage" is misleading.

[smoothie]

its 118 now  

nope, its 129.485. As of right  now.

To be safe I always pick the lower value.

Mentally, I pick the highest exchange rate (MtGox) for knowing what my BTC is worth and look at the lowest going rate when I want to buy!  

You consider the exchange's solvency when considering exchanging BTC for fiat?

Lol...of course...

So you base your worth on an exchange value of an exchange that may be insolvent? May as well be playing monopoly or using a demo MT4 trading account.

[viboracecata]

Who is the biggest buyer?

[Singlebyte]

its 118 now  

nope, its 129.485. As of right  now.

To be safe I always pick the lower value.

Mentally, I pick the highest exchange rate (MtGox) for knowing what my BTC is worth and look at the lowest going rate when I want to buy!  

You consider the exchange's solvency when considering exchanging BTC for fiat?

Lol...of course...

So you base your worth on an exchange value of an exchange that may be insolvent? May as well be playing monopoly or using a demo MT4 trading account.

Have no clue where you are coming up with that??? Sounds more argumentive then anything.  Since I don't intend on selling for a really long time, it is irrelevant what exchanges exist today or what their financial stability is. Whenever I am ready to exchange BTC for fiat then I would of course consider those factors.  I just mentioned that I mentally look at the highest price when I evaluate my own BTC portfolio.  It would be sorta foolish to look at the cheapest rate.  I only look at cheapest rates when buying gas....thats because I intend to purchase it within the week.

[thefunkybits]

I really am unsure of where the price is headed short term.

A buy volume chart of all exchanges would be a key indicator, but this info seems hard to find. I cant wait for BTC's future and proper trading platforms/tools

[payb.tc]

i always wonder why people do large buys.

maybe from the buyer's perspective, it was a small buy, because maybe they don't want to spend their 15 million all at once