zby
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Activity: 1592
Merit: 1001
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January 12, 2012, 03:59:32 PM |
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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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"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
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proudhon
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Activity: 2198
Merit: 1311
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January 12, 2012, 04:03:25 PM |
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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.
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Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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BTCurious
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January 12, 2012, 04:07:08 PM |
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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  |
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byronbb
Legendary
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Activity: 1414
Merit: 1000
HODL OR DIE
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January 12, 2012, 04:11:55 PM |
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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?  (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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proudhon
Legendary
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Activity: 2198
Merit: 1311
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January 12, 2012, 04:12:41 PM |
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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? (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. is an excellent point. |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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SaintFlow
Sr. Member
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Activity: 476
Merit: 250
The first is by definition not flawed.
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January 12, 2012, 04:19:43 PM |
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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? (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. 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 |
don't let me make you question your assumptions
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sgbett
Legendary
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Activity: 2576
Merit: 1087
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January 12, 2012, 04:24:43 PM |
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..snip...
In some sense bitcoin would allow you to cheat on the forex?
Cheat!? I think the PC term is arbitrage opportunities  |
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto*my posts are not investment advice*
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byronbb
Legendary
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Activity: 1414
Merit: 1000
HODL OR DIE
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January 12, 2012, 04:28:05 PM |
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I meant forex traders would like to come help "speculate" in this no rules trading cage match.
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Crypt_Current
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January 12, 2012, 07:30:48 PM |
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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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Bro
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January 14, 2012, 10:27:18 PM |
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so where's the knife?
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notme
Legendary
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Activity: 1904
Merit: 1002
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January 14, 2012, 10:28:18 PM |
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so where's the knife?
We stuck it in the bears. |
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Serge
Legendary
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Activity: 1050
Merit: 1000
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January 14, 2012, 10:28:42 PM |
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so where's the knife?
the knife defeated gravity! |
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Bro
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January 14, 2012, 10:32:29 PM |
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 The flying knife doesn't give a shit about triangles and Elliot waves. It is known. |
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arepo
Sr. Member
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Activity: 448
Merit: 250
this statement is false
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January 15, 2012, 04:46:05 AM |
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...falling up and up and up and up  |
this sentence has fifteen words, seventy-four letters, four commas, one hyphen, and a period.
18N9md2G1oA89kdBuiyJFrtJShuL5iDWDz
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Cluster2k
Legendary
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Activity: 1692
Merit: 1018
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January 15, 2012, 04:49:30 AM |
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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 |
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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? (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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FlipPro
Legendary
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Activity: 1764
Merit: 1015
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January 15, 2012, 07:12:18 AM |
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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? (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
Legendary
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Activity: 1036
Merit: 1002
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January 15, 2012, 01:30:33 PM |
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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? |
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arepo
Sr. Member
Offline
Activity: 448
Merit: 250
this statement is false
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January 15, 2012, 04:35:04 PM |
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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.
18N9md2G1oA89kdBuiyJFrtJShuL5iDWDz
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Bro
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January 16, 2012, 08:24:20 PM |
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falling knife gonna falling knife
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