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Author Topic: The falling knife is starting.  (Read 5873 times)
zby
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January 12, 2012, 03:59:32 PM
 #41

i am not convinced that CES will do increase btc price and i dont know how many ppl will be hooked up on this by bit-pay

Some people learned at CES about bitcoin and liked it, then they will be reminded about it with the TV show on Saturday.  They'll start thinking about playing it next week and make the decision to try it out in two weeks, start playing with small money in 3 weeks and test it for another month.  In about 2 months some of them will be ready to invest some real money and this will make a huge difference.  But in the mean time many leveraged bitcoinica positions will be wiped out.
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proudhon
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January 12, 2012, 04:03:25 PM
 #42

I'm at the point where I'm willing to pay MtGox a fee to be able to have a reliable live data feed.  This is so annoying.
BTCurious
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January 12, 2012, 04:07:08 PM
 #43

I'm at the point where I'm willing to pay MtGox a fee to be able to have a reliable live data feed.  This is so annoying.
It seems mine is still working, but if I open one in a new tab, it's not.
So, don't refresh Smiley

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January 12, 2012, 04:11:55 PM
 #44

i am not convinced that CES will do increase btc price and i dont know how many ppl will be hooked up on this by bit-pay

Am I missing something, hasn't bitcoin had a presence at CES all week? Undecided

(edit, via MtGox and bitpay obviously)

The price is affected by volume of buying and selling. Nerds who become interested in bitcoin at CES arent just dropping to the floor to crack their laptop to wire 200k off to japan to auto-buy some bitcoins. Personally I'm pretty sure nerds ALL have heard of bitcoins anyways. Now if MtGox could show up at a FOREX trading conference....that might have a much bigger effect.

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January 12, 2012, 04:12:41 PM
 #45

i am not convinced that CES will do increase btc price and i dont know how many ppl will be hooked up on this by bit-pay

Am I missing something, hasn't bitcoin had a presence at CES all week? Undecided

(edit, via MtGox and bitpay obviously)

The price is affected by volume of buying and selling. Nerds who become interested in bitcoin at CES arent just dropping to the floor to crack their laptop to wire 200k off to japan to auto-buy some bitcoins. Personally I'm pretty sure nerds ALL have heard of bitcoins anyways. Now if MtGox could show up at a FOREX trading conference....that might have a much bigger effect.

That is an excellent point.
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January 12, 2012, 04:19:43 PM
 #46

i am not convinced that CES will do increase btc price and i dont know how many ppl will be hooked up on this by bit-pay

Am I missing something, hasn't bitcoin had a presence at CES all week? Undecided

(edit, via MtGox and bitpay obviously)

The price is affected by volume of buying and selling. Nerds who become interested in bitcoin at CES arent just dropping to the floor to crack their laptop to wire 200k off to japan to auto-buy some bitcoins. Personally I'm pretty sure nerds ALL have heard of bitcoins anyways. Now if MtGox could show up at a FOREX trading conference....that might have a much bigger effect.

That is an excellent point.

In some sense bitcoin would allow you to cheat on the forex?

I don't think so. Or am I missing a point?

Or do we just want there volume?



About the falling knife:  seems to happens a bit more with every new published block

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sgbett
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January 12, 2012, 04:24:43 PM
 #47

..snip...
In some sense bitcoin would allow you to cheat on the forex?

Cheat!? I think the PC term is arbitrage opportunities Wink

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January 12, 2012, 04:28:05 PM
 #48

I meant forex traders would like to come help "speculate" in this no rules trading cage match.

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January 12, 2012, 07:30:48 PM
 #49

I meant forex traders would like to come help "speculate" in this no rules trading cage match.

That's OK.  Seems to me, speculation only helps this novel market, since it is decentralized and all transactions are public.

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January 14, 2012, 10:27:18 PM
 #50

so where's the knife?
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January 14, 2012, 10:28:18 PM
 #51

so where's the knife?

We stuck it in the bears.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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January 14, 2012, 10:28:42 PM
 #52

so where's the knife?

the knife defeated gravity!
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January 14, 2012, 10:32:29 PM
 #53



The flying knife doesn't give a shit about triangles and Elliot waves.
It is known.
arepo
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this statement is false


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January 15, 2012, 04:46:05 AM
 #54

...falling up and up and up and up  Grin

this sentence has fifteen words, seventy-four letters, four commas, one hyphen, and a period.
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January 15, 2012, 04:49:30 AM
 #55

I thought I was stuck with a whole bunch of expensive bitcoins when the price kept falling to $6.25 and below.  I was pleasantly surprised when I woke up this morning to see someone had bought all of them up at a profit.  If the price continues to go up then so be it.  But I'm glad I got out of a losing position.

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StewartJ
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January 15, 2012, 05:28:24 AM
 #56

i am not convinced that CES will do increase btc price and i dont know how many ppl will be hooked up on this by bit-pay

Am I missing something, hasn't bitcoin had a presence at CES all week? Undecided

(edit, via MtGox and bitpay obviously)

The price is affected by volume of buying and selling. Nerds who become interested in bitcoin at CES arent just dropping to the floor to crack their laptop to wire 200k off to japan to auto-buy some bitcoins. Personally I'm pretty sure nerds ALL have heard of bitcoins anyways. Now if MtGox could show up at a FOREX trading conference....that might have a much bigger effect.

This.
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January 15, 2012, 07:12:18 AM
 #57

i am not convinced that CES will do increase btc price and i dont know how many ppl will be hooked up on this by bit-pay

Am I missing something, hasn't bitcoin had a presence at CES all week? Undecided

(edit, via MtGox and bitpay obviously)

The price is affected by volume of buying and selling. Nerds who become interested in bitcoin at CES arent just dropping to the floor to crack their laptop to wire 200k off to japan to auto-buy some bitcoins. Personally I'm pretty sure nerds ALL have heard of bitcoins anyways. Now if MtGox could show up at a FOREX trading conference....that might have a much bigger effect.

This.
True we need to start focusing on the financial world. We already got all the techies on board, now lets bring all the people with the money.

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Vandroiy
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January 15, 2012, 01:30:33 PM
 #58

True we need to start focusing on the financial world. We already got all the techies on board, now lets bring all the people with the money.

This. I just made a related thread, but here's another flashy example.

What the heck, seriously? Is this what people are holding Bitcoins for right now, getting the people with the fiat money and taking said money ASAP? How the hell is this different from what the governments try to do?

Bitcoin is not intended as a get-rich-quick scheme. We do need some speculation, and certainly want the speculators to get fair profits, but it's not supposed to be a lottery, pyramid scheme, or other construct to redistribute wealth. Our market cap is good for the moment, it might even be overbought, why can't people just let it rest for now?
arepo
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this statement is false


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January 15, 2012, 04:35:04 PM
 #59

True we need to start focusing on the financial world. We already got all the techies on board, now lets bring all the people with the money.

This. I just made a related thread, but here's another flashy example.

What the heck, seriously? Is this what people are holding Bitcoins for right now, getting the people with the fiat money and taking said money ASAP? How the hell is this different from what the governments try to do?

Bitcoin is not intended as a get-rich-quick scheme. We do need some speculation, and certainly want the speculators to get fair profits, but it's not supposed to be a lottery, pyramid scheme, or other construct to redistribute wealth. Our market cap is good for the moment, it might even be overbought, why can't people just let it rest for now?

in other words, stop being so greedy, assholes. go ruin world economies if you want to speculate prices to hell. this forum is for the growth and prosperity of the bitcoin project.

this sentence has fifteen words, seventy-four letters, four commas, one hyphen, and a period.
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January 16, 2012, 08:24:20 PM
 #60

falling knife gonna falling knife
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