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Author Topic: First bubble?  (Read 6469 times)
Babylon
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July 17, 2010, 08:18:11 AM
 #21

.08 was, if not a bubble, a spike, since it is down to .05 now.  I'm betting on it going down a bit more before it starts climbing again.

(of course, I'm only planning on buying like 10 dollars worth of bitcoins anyways, so it's not a real momentous decision)
When comparing spikes, don't compare closing prices to opening prices. There are benefits to being the lowest/highest offer when the market opens. For example, right now the high bid is $0.10 and the low ask is $0.05, which will result in a trade at $0.75, which is better than either person's bid or ask. Now suppose there was a bid at $0.99, and after the market opened, someone offered an ask for $0.99. He didn't get the first trade and ends up spending more money than the person who had a higher bid at the beginning of the day. The same is true for an ask of $0.049 that goes through at that price. If he had gotten the higher bid, he could have gotten about $0.75, but instead he only ends up getting $0.49.

And there goes my trading advantage. Cry Don't never say I ain't never not given you nothin'. Kiss

I may be reading the page wrong, but it looks to me like the bid is .05 and the ask is .055555 (at least on paypal, which was what I was looking at before)

I understand what you are saying about an advantage of being the opening trade, would this be something which was likely to drive the price of bitcoins in dollars up or down though?

(edit) so looking at the trading data the opening bid was, indeed, .1  how did you know that?

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July 17, 2010, 08:48:46 PM
 #22

The high and low price doesn't update while the market is closed, but offers still get listed and you can sort them by price which allows you to see the high and low price.

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July 17, 2010, 10:27:16 PM
 #23

how do I find that?  I have been browsing the market kind of obsessively today. I have noticed that trade volume is down significantly from yesterday, which I think means price will decrease, for a bit. 

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July 17, 2010, 10:31:04 PM
 #24

Click on the Market tab and then click the double triangles next to the Price heading.

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July 18, 2010, 01:11:53 AM
 #25

true,  I guess we find out on Monday if it is going to go up, down, or stay the same.  I predict a fall to about 2 or 3 cents before a more gradual climb resumes.

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January 05, 2012, 12:03:43 PM
 #26

Look out, another bubble?! What's old is new again!



.08 was, if not a bubble, a spike, since it is down to .05 now.  I'm betting on it going down a bit more before it starts climbing again.

(of course, I'm only planning on buying like 10 dollars worth of bitcoins anyways, so it's not a real momentous decision)
I wonder if he sold those 200 coins for $6000 at the top of the last bubble... or doubled his money at .10
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January 05, 2012, 01:47:43 PM
 #27

How shocked it is to look backwards.  Shocked

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December 20, 2014, 01:04:36 PM
 #28

How shocked it is to look backwards.  Shocked

Very shocked. I don't know why there is an unwritten rule about not bumping old threads. They're fascinating

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December 20, 2014, 01:26:32 PM
 #29

How shocked it is to look backwards.  Shocked

Very shocked. I don't know why there is an unwritten rule about not bumping old threads. They're fascinating

Nice you are only 2 years late.
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December 20, 2014, 01:59:59 PM
 #30

I don't know why there is an unwritten rule about not bumping old threads.

I saw many got banned for it. I guess is up to if anyone report you and which moderator then resolve it.

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December 20, 2014, 02:03:02 PM
 #31

How shocked it is to look backwards.  Shocked

Very shocked. I don't know why there is an unwritten rule about not bumping old threads. They're fascinating

I first thought OP was about BlackCoin (BC) but mods don't encourage bumping old threads apparently
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December 21, 2014, 05:53:54 AM
 #32

I don't know why there is an unwritten rule about not bumping old threads.

I saw many got banned for it. I guess is up to if anyone report you and which moderator then resolve it.

Banned for it?!? What could be the justification for banning someone for bumping an old thread? Most new threads are meaningless. Old threads give us perspective

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December 21, 2014, 09:51:04 AM
 #33

50 BC = $2.50? Surely this isn't sustainable even at the current difficulty Wink

Then again, all about supply and demand. If this is what the market demands, then go get your PCs ready, cause there's a gold rush in town!

OMG 2.50 for 1 block! This is too much! I'm not buying!

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December 21, 2014, 09:53:59 AM
 #34

50 BC = $2.50? Surely this isn't sustainable even at the current difficulty Wink

Then again, all about supply and demand. If this is what the market demands, then go get your PCs ready, cause there's a gold rush in town!

OMG 2.50 for 1 block! This is too much! I'm not buying!
The interest is a joke, it make BC will die at last.
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December 21, 2014, 04:25:58 PM
 #35

I don't know why there is an unwritten rule about not bumping old threads.

I saw many got banned for it. I guess is up to if anyone report you and which moderator then resolve it.

Banned for it?!? What could be the justification for banning someone for bumping an old thread? Most new threads are meaningless. Old threads give us perspective

I know some got banned. I guess because of unwritten rule. Since is not written. When you get banned they dont explain you why you were exactly. But that guy bumped 2 year old thread last.
And to add it how bizarre this was i can also say, that thread was in Off topic.

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December 21, 2014, 06:22:21 PM
 #36

Think it's interesting to keep threads like this alive for hostorical purposes and for noobs to be able to look at history of btc and for research imo

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LiteCoinGuy
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December 21, 2014, 09:50:22 PM
 #37

and i guess 95% of the people back then cashed out at 10 $  Cheesy

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December 22, 2014, 01:52:52 AM
 #38

and i guess 95% of the people back then cashed out at 10 $  Cheesy


yep, what a true ponzi scheme Bitcoin is!  all those early adopters selling for  $7.50 profit sure were the lucky ones!  Cheesy Grin Roll Eyes



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