LocalBitcoins.com hits $250?

[Taras]

http://bitcoinity.org/markets/localbitcoins/USD
Someone's trying to make the price jump or something. We are seeing a lot of coins being sold for >$200.
This is a good thing, or a hopeless attempt? 

[justusranvier]

http://bitcoinity.org/markets/localbitcoins/USD
Someone's trying to make the price jump or something. We are seeing a lot of coins being sold offered for >$200.
This is a good thing, or a hopeless attempt? 

[TheButterZone]

Needs a FTFY ^

Wonder how it is getting LB data... "bid: 0.11    ask: 400.00"

Bitcoinity topic: https://bitcointalk.org/index.php?topic=22929.0

ETA: Refreshed, now bid: 154.72    ask: 154.72

[umdorado]

So from a low of $122 to a High of $190+ no one can predict what will happen tomorrow. This volatility is the reason people get excited. With the new 400 Gh/s to couple of Th/s each machine would make it even more fun to mine.

[jeffhuys]

Hey, I sell bitcoins for 500$! Wanna buy some?

That doesn't mean people will actually buy it.

[bitcoin44me]

Where did you see that the price hits 250 usd in the link?
It was not that high

[awesomeami]

Where did you see that the price hits 250 usd in the link?
It was not that high

Some "bought" 1,4? BTC for that price. 252 i think.
Maybe some typo or newb - or just unpatient long term ...

http://bitcoinity.org/markets/localbitcoins/USD - click 3 days
 high: 254.00      low: 101.51

Doesn't mean anything.
Even IRL sometimes it happens that some1 sells/buys 50% lower/higher. Mistake, bad decision, personal stuff (divorced woman/widow whats to sell that house ASAP for "any" price ...)
Won't affect prices of houses in US or CA or even that little city.

Just bitcoin is very volatile - so some1 sae 25- - OK I am not selling under 230 - prices rise.
Also manipulation can occur.

[bitcoin44me]

http://bitcoinity.org/markets/localbitcoins/USD - click 3 days
 high: 254.00      low: 101.51

Hmmmmm. Did the transaction really occur or is it possible that someone did that and then cancelled it before paying?
Or maybe an alt, and no payment was sent?

[uyo]

Hey, I sell bitcoins for 500$! Wanna buy some?

That doesn't mean people will actually buy it.

I'll buy them if you take my PPC 100$ 

Anyone wants my ADT just for 1$ ?

[prophetx]

There is too much fraud and scamming going on at LBC, I tried using it and had all sorts of bs to deal with.

Would not trust the price on there at the moment until they fix their issues.

[awesomeami]

http://bitcoinity.org/markets/localbitcoins/USD - click 3 days
 high: 254.00      low: 101.51

Hmmmmm. Did the transaction really occur or is it possible that someone did that and then cancelled it before paying?
Or maybe an alt, and no payment was sent?

Exactly - or some1 bought from himself or friend "real" 200mBTC to "rise value" of bitcoin - basically fake the price.

[Taras]

I did some research on the topic, and, it's probably location.
LocalBitcoins is NOT an online exchange necessarily, it's a road map that leads to bitcoin-to-cash brokers.
In Chicago, you can get away with $100 a coin, but some of these places more dislocated (and american) would make perfectly reasonable places if you're a doctor who defaulted your college loan or something and won't be using an exchange any time soon.
At that you're seeing the sales of all the cash exchanges. In april a few coins went for $400.

Hey, I sell bitcoins for 500$! Wanna buy some?

That doesn't mean people will actually buy it.

The chart lists past sales, not past offers.

On localbitcoins when buying with cash:
1) You pay premium to meet up in person.
2) Some people are a newcomers wanting to buy their "first" bitcoins.

That makes it an ideal place for an occasional ridiculously high offers.

Absolutely.

[awesomeami]

Liteycoins: Lev45FTsYABPk95jBrhX4CtbDwi8KEU6Ad

Typo or new alt?
LiteYcoins

[Taras]

It's an intended typo.

[danyy]

Maybe in the incoming months, we will see that price or even more.

[TERA]

How about we get someone to make a trade for one satoshi at $100,000 and paint the tape?  Then we can say it's an omen.

[AU]

what someone is willing to pay and the actual market price really dont share anything in  common.

[awesomeami]

It's an intended typo.

I do many typos, but why to intend one?
If you bother to explain - don't have to

[awesomeami]

what someone is willing to pay and the actual market price really dont share anything in  common.

Exactly - but it seems so - at least for newbs.

[awesomeami]

what someone is willing to pay and the actual market price really dont share anything in  common.

Exactly - but it seems so - at least for newbs.

Again - last 24 hours:

high: 253.20      low: 118.33