Trade patterns in bitcoin exchanges

[paraipan]

time to pull out the bags, someone is loosing a great deal of money on mtgox 

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[organofcorti]

fluctuations like this will be common unless people start using their coins to actually do things - like buy stuff. If the coins have no use then people will hoard them hoping for another $30/btc day.  The more you hoard the less the value of your coins are. Speculate a bit if you want, but if we don't spend and encourage a bitcoin economy, bitcoin might die.

[indio007]

fluctuations like this will be common unless people start using their coins to actually do things - like buy stuff. If the coins have no use then people will hoard them hoping for another $30/btc day.  The more you hoard the less the value of your coins are. Speculate a bit if you want, but if we don't spend and encourage a bitcoin economy, bitcoin might die.

I agree 100% with you. The problem is BTC are too much like mailing cash. The counter party can easily rip people off. We need to solve this problem.

[organofcorti]

So far I've had great experiences from the vendors BitcoinDelivers (now on hiatus) and Cablesaurus. I guess it's a buyer beware thing, and the advantage of not using a credit card to buy stuff has commensurate disadvantages. It's a matter of knowing from whom you should buy. Personal recommendations from forum members is a good start.

[paraipan]

So far I've had great experiences from the vendors BitcoinDelivers (now on hiatus) and Cablesaurus. I guess it's a buyer beware thing, and the advantage of not using a credit card to buy stuff has commensurate disadvantages. It's a matter of knowing from whom you should buy. Personal recommendations from forum members is a good start.

nice to know thanks

I'm in a dilemma here, on bitcoin-otc i've registered with almost similar but shorter nick "paraipan" and here I have this one "paraipanakos". how could I link them without having to re-register a new one on either service ? was thinking putting my public gpg in here but we don't have that
a bit off-topic sorry

[Xenland]

fluctuations like this will be common unless people start using their coins to actually do things - like buy stuff. If the coins have no use then people will hoard them hoping for another $30/btc day.  The more you hoard the less the value of your coins are. Speculate a bit if you want, but if we don't spend and encourage a Bitcoin economy, Bitcoin might die.

I hope to solve this issue with my up and coming retailing website that will be an Amazon clone(i guess you could say), of course my pride will tell you its more then then a clone but you will have to see for your self once its released in September.

For the Bitcoin community to survive we need more outlets of purchasing power.