Tired of 140$

[Bitcopia]

Sure go the blockchain and hit send money and then put 1 in the btc field that is the price. ( hint it aint gox price)

bitcoinaverage.com  notice how there is a link to ignore mt gox there is a reason for that.

here is another price source preeve.com

go to silk road and see what one bitcoin is worth

go to bitmit and see what one coins is worth.

Mt. gox is a manipulated market because you cant get funds in or out

Yep, and there has been roughly a 10% arbitrage opportunity between Gox and all other exchanges for the past two months. It's not converging. That says quite a bit.

[knight22]

Mt. gox is a manipulated market because you cant get funds in or out

Correct me if I'm wrong but isn't it only fiat that you can't get out of mtgox?

[crazy_rabbit]

Well, almost 2 days now, we stagnate at 140$.  There's a jump once in a while to 145, and then it get all the way down to 140$.  It is as if someone is trying to control the price.

The point is that if it does that for too long, who will want to buy?  Each time there's an incentive for price to go up, it's a dead shot in the water...

"Stagnation" at $140? Seriously? We've come so far, some of us are THRILLED to be at one price for more then a couple hours. Let it lay like this for a week or two still and I'll be happy.

The point is that if it does that for too long, who will want to buy?

More people then who will want to buy if the price goes from $140 to $200 to $60, thats for sure. Boring is safe is good is profitable is sustainable. Be happy! No crashes! (for now)

[bitcon]

Why doesn't everyone on the exchanges just list thier BTC over 200 bux for a week?

Because you will never get everyone to agree.

but the drug addicts will still need to buy their coins for SR.

[sublime5447]

Why doesn't everyone on the exchanges just list thier BTC over 200 bux for a week?

Because you will never get everyone to agree.

but the drug addicts will still need to buy their coins for SR.

drug attics dont appreciate it when the bags are skippy. Let them buy coin at 200 and it drop to 150 by the time they complete their order and they will say fuck bitcoin too.

Bitcoin is supposed to me money. Money needs to have a stable price so you know that your money will buy tomorrow what it buys today.

[sublime5447]

Mt. gox is a manipulated market because you cant get funds in or out

Correct me if I'm wrong but isn't it only fiat that you can't get out of mtgox?

You are right, but what good is that? ya you can put bitcoins in and get bitcoins out but who cares? What good does that do you. People use an exchange to exchange

[silverston]

Bitcoin is supposed to me money. Money needs to have a stable price so you know that your money will buy tomorrow what it buys today.

+100500

[S3052]

I think, by looking at the weekly charts, there should be movement next week.

agree..
and I think I know where it is going... perhaps even moving earlier than next week

[adamstgBit]

Bitcoin is supposed to me money. Money needs to have a stable price so you know that your money will buy tomorrow what it buys today.

+100500

Sounds like new, voluntary, free market money is too volatile for you guys. Stick to fiat and check back in 10-40 years when the market has had some time to mature.

Ohhhhhh you two nubs got totally schooled!   

[ehoffman]

Sure go the blockchain and hit send money and then put 1 in the btc field that is the price. ( hint it aint gox price)

bitcoinaverage.com  notice how there is a link to ignore mt gox there is a reason for that.

here is another price source preeve.com

go to silk road and see what one bitcoin is worth

go to bitmit and see what one coins is worth.

Mt. gox is a manipulated market because you cant get funds in or out

Indeed... and at my local BTC dealer (caVirtex ) the price is at around 128$ and holding...

[Pokerfan]

Be sure to be tracking bitstamp's price.

http://bitcoinity.org/markets/bitstamp/USD

Mtgox price is distorted ATM

[sublime5447]

http://falkvinge.net/2013/09/13/bitcoins-vast-overvaluation-seems-to-be-caused-by-usually-illegal-price-fixing/

[smoothie]

"Tired of 140$"

LOL

I hope the price stays here for a while. Build a base and then slowly go up.

1 year ago we were at $11-$12.

So 140$ isn't that boring. But in the end $ are essentially worthless based purely on how they are created (mostly in the digital form via banks).

 

[desired_username]

Somehow I sense the build up of idiot noobs (again) who want to strike it rich quickly. These dumbfucks don't have patience and If they reach the critical mass they create crashes.

I don't believe in any individual manipulating the market but the exceptionally greedy ones running out of patience.

Having said that I don't (and didn't ever) see any crashes malicious to bitcoin itself (the protocol itself still works and it's still one of the most amazing software out there). The ones who cast bitcoin aside because of volatility doesn't understand the concept of a maturing market or software development.

The bitcoin experiment already shows clearly one thing: most of the people are amazingly stupid.

[naphto]

mt.gox is no longer a refence for bitcoin price.
We are currently at 130.7 usd / btc and we never reached 140 this month.

Did you make a typo?

[crazy_rabbit]

mt.gox is no longer a refence for bitcoin price.
We are currently at 130.7 usd / btc and we never reached 140 this month.

Did you make a typo?

Say's who? Coindesk? Bitstamp? BTC-E?

You are right, but what good is that? ya you can put bitcoins in and get bitcoins out but who cares? What good does that do you. People use an exchange to exchange

Some of us only put bitcoins in, and only take bitcoins out. If I see at $200 on gox and it drops to $100 at which point I buy back, I withdraw BTC, just like I deposited BTC.

[marcovaldo]

Say's who? Coindesk? Bitstamp? BTC-E?

Average of all major exchangers (including gox).

[desired_username]

mt.gox is no longer a refence for bitcoin price.
We are currently at 130.7 usd / btc and we never reached 140 this month.

Did you make a typo?

I can and do sell on gox. Yes, on 140USD equialent of euros. Ignoring the mtgox rate is quite stupid imho. The world doesn't revolve around the US.

[sublime5447]

mt.gox is no longer a refence for bitcoin price.
We are currently at 130.7 usd / btc and we never reached 140 this month.

Did you make a typo?

Say's who? Coindesk? Bitstamp? BTC-E?

You are right, but what good is that? ya you can put bitcoins in and get bitcoins out but who cares? What good does that do you. People use an exchange to exchange

Some of us only put bitcoins in, and only take bitcoins out. If I see at $200 on gox and it drops to $100 at which point I buy back, I withdraw BTC, just like I deposited BTC.

That is what i do, i have never deposited usd or withdrawn usd from any exchange. I understand your point but it is not no good doing that on gox.

If you send to gox and sell off then when you buy back in it will be at a higher rate than market value. So you mine or buy coins and you sell them on gox for usd at a 10 percent mark up Sweet right? No because when you buy back in you will be buying back in at a 10 percent mark up and you have the added risk of dealing with an exchange that is on the ropes. 

[crazy_rabbit]

mt.gox is no longer a refence for bitcoin price.
We are currently at 130.7 usd / btc and we never reached 140 this month.

Did you make a typo?

Say's who? Coindesk? Bitstamp? BTC-E?

You are right, but what good is that? ya you can put bitcoins in and get bitcoins out but who cares? What good does that do you. People use an exchange to exchange

Some of us only put bitcoins in, and only take bitcoins out. If I see at $200 on gox and it drops to $100 at which point I buy back, I withdraw BTC, just like I deposited BTC.

That is what i do, i have never deposited usd or withdrawn usd from any exchange. I understand your point but it is not no good doing that on gox.

If you send to gox and sell off then when you buy back in it will be at a higher rate than market value. So you mine or buy coins and you sell them on gox for usd at a 10 percent mark up Sweet right? No because when you buy back in you will be buying back in at a 10 percent mark up and you have the added risk of dealing with an exchange that is on the ropes. 

No, you have to deal within the exchange you are trading. If Fiat withdrawal worked evenly for all the exchanges, the price would equalise (back when bitinstant served BTC-E and GOX people arbitraged all the time). The price difference exists because of how hard/easy it is to get money in/out.

If you are IN gox, then you pay attention to the GOX rate. By nature, if you could buy at Bitstamp and sell at GOX, the price difference would disappear. It's an artificial situation.