Exchanges 5% up in the last couple of hours

[cesmak]

All the mayor exchanges had a 5% jump in btc quotation in the last two hour (or less) why ?

Someone has some infos ?

Cheers

[1714853008]

1714853008

[1714853008]

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[devthedev]

It may have been because of the Winklevoss twins saying that Bitcoin will be bigger than Facebook.
Posted from Bitcointa.lk - #eXG5IM0j3IYU7DML

[TimeWatch]

It may have been because of the Winklevoss twins saying that Bitcoin will be bigger than Facebook.
Posted from Bitcointa.lk - #eXG5IM0j3IYU7DML

Heh, might be because of that Bitcoin price raised a lot too, more good words from  Winklevoss twins 

[Malin Keshar]

It may have been because of the Winklevoss twins saying that Bitcoin will be bigger than Facebook.
Posted from Bitcointa.lk - #eXG5IM0j3IYU7DML

the question is: will facebook dies, or will btc takes over the world? Maybe both

[Wbwallet]

Its crazy, Quadriga CX is up 75 CND$ since yesterday. How high its gonna go?

[devthedev]

Look like things are back to normal.

Price is slowly going down before the jump.

It's only gone down 0.5% after the 9% jump in the last 24 hours.
Posted from Bitcointa.lk - #ZdE4GkyQSpX7k8QW

[Wbwallet]

I bought my first bitcoins 10 days ago at 470$ CND and sold today for 550$ CND, I only had 10.. Its my first experience trading and I am really excited about it!

[JessyMatt]

According to Bitcoin Exchange Calculator a single bitcoin is $476.998. If this has to do with Richard Branson $30 millions investment in BitPay (https://bitcointalk.org/index.php?topic=616850.0) it's going to short live...if not, Bitcoin is about to explode.

What are your thoughts?

[Wbwallet]

According to Bitcoin Exchange Calculator a single bitcoin is $476.998. If this has to do with Richard Branson $30 millions investment in BitPay (https://bitcointalk.org/index.php?topic=616850.0) it's going to short live...if not, Bitcoin is about to explode.

What are your thoughts?

I would not be surprised to see price going back to 430-440 within 48h. I am hoping anyway, so i can buy back and wait for next bubble.

[ranlo]

Look like things are back to normal.

Price is slowly going down before the jump.

It's only gone down 0.5% after the 9% jump in the last 24 hours.
Posted from Bitcointa.lk - #ZdE4GkyQSpX7k8QW

The problem is that most people bought above this price range. As it continues to go up, people are going to cash out at their break even (or slight profit) marks.

[JessyMatt]

Look like things are back to normal.

Price is slowly going down before the jump.

It's only gone down 0.5% after the 9% jump in the last 24 hours.
Posted from Bitcointa.lk - #ZdE4GkyQSpX7k8QW

The problem is that most people bought above this price range. As it continues to go up, people are going to cash out at their break even (or slight profit) marks.

I agree...buyers confidence is not yet established for people to hold for the long run.

[Benjig]

Despite the occasional high-profile business failure, the fundamentals of bitcoin haven't changed - it's still a decentralized peer to peer value transfer protocol and asset register. People want a piece of that.
There has been a ton of good news overshadowed by gox. Bitcoin atms going up everywhere. Brick and morter banks/exchanges in cyprus and hong kong. And the most important chart imo is still looking good.
Also, yesterday was monday my guess is that all of the noobies are getting their accounts verified creating a spike in demand.

[BitchicksHusband]

I bought my first bitcoins 10 days ago at 470$ CND and sold today for 550$ CND, I only had 10.. Its my first experience trading and I am really excited about it!

Cool.  But you may want to read about bitcoin's history of bubbles and buy back in.  You don't want to miss $5000-$6000 per coin.

The people that have made the most money are those that bought and held for a LOOOONG time.

[Wbwallet]

i have bought and sold my 10 coins over 3 times in the last 10 days. profit margin between 2-4% every flip, until today. I am obviously buying back as soon as the trend is going down. Quadriga CX is great as people seem to be trding 15$ CND higher than bitstamp and prices are much more volatile than bigger exchange with higher volume.

[Raize]

The people that have made the most money are those that bought and held for a LOOOONG time.

And continue to hold.

When Bitcoin hit $1k, even I sold, but it was still 5% or less of my total holdings.

Was that a failure? I could have sold 100% and bought back in now for less than half the value!

I'm not sure the price is necessarily going up, but I would never spend more than 20% of my net worth in fiat to buy Bitcoin at once and I would never spend more than 20% of my Bitcoin to buy fiat at once. :/

[ranlo]

The people that have made the most money are those that bought and held for a LOOOONG time.

And continue to hold.

When Bitcoin hit $1k, even I sold, but it was still 5% or less of my total holdings.

Was that a failure? I could have sold 100% and bought back in now for less than half the value!

I'm not sure the price is necessarily going up, but I would never spend more than 20% of my net worth in fiat to buy Bitcoin at once and I would never spend more than 20% of my Bitcoin to buy fiat at once. :/

And there's the hard part. Knowing when to buy and sell. I bought a 7950 for mining (had to get a new PSU as well, so $400) when Bitcoin was $50. I could have bought 8 BTC. Instead, since that time I've mined less than 0.5 BTC, and it's already almost not profitable anymore. I essentially lost 3.5k (as of today's rate) by making the wrong choice.

[Razick]

It may have been because of the Winklevoss twins saying that Bitcoin will be bigger than Facebook.
Posted from Bitcointa.lk - #eXG5IM0j3IYU7DML

I would guess not. I think momentum has been building for the price to start trending upward for awhile now.

[Raize]

And there's the hard part. Knowing when to buy and sell. I bought a 7950 for mining (had to get a new PSU as well, so $400) when Bitcoin was $50. I could have bought 8 BTC. Instead, since that time I've mined less than 0.5 BTC, and it's already almost not profitable anymore. I essentially lost 3.5k (as of today's rate) by making the wrong choice.

You are absolutely correct.

The trick I've found is that it is almost always more profitable to buy Bitcoin than to buy mining hardware. The only time it may be profitable to buy mining hardware is when we are on a clear downtrend in price and it is least profitable to mine, and you should only do it if you can get super-cheap mining rates or specialized hardware that gives you an edge over the large datacenter miners.

Now, this might sound counter-intuitive, but uptrends (See GPU mining in 2010, FPGA mining in early 2012) start very slowly once mining gets back into diverse hands that hold the coin instead of immediately sell it. Mining should be unprofitable for reasonably-long periods of time to revert the big-house mining (and immediate selling to cover costs) that happens and put the control back into the hands of smaller-scale operations. I suspect this trend will be necessary for Bitcoin to reach wider adoption and higher acceptance worldwide. Right now the power is concentrated into the hands of too few mining operations, so it is MORE beneficial for the price to fall and individuals operate/mine at a loss and accumulate coin.

So your question of why should you mine at a loss? To help the network and foster the right kind of miner. This topic has come up before in late 2011, and I addressed it here.

[bitcoinsrus]

And there's the hard part. Knowing when to buy and sell. I bought a 7950 for mining (had to get a new PSU as well, so $400) when Bitcoin was $50. I could have bought 8 BTC. Instead, since that time I've mined less than 0.5 BTC, and it's already almost not profitable anymore. I essentially lost 3.5k (as of today's rate) by making the wrong choice.

You are absolutely correct.

The trick I've found is that it is almost always more profitable to buy Bitcoin than to buy mining hardware. The only time it may be profitable to buy mining hardware is when we are on a clear downtrend in price and it is least profitable to mine, and you should only do it if you can get super-cheap mining rates or specialized hardware that gives you an edge over the large datacenter miners.

Now, this might sound counter-intuitive, but uptrends (See GPU mining in 2010, FPGA mining in early 2012) start very slowly once mining gets back into diverse hands that hold the coin instead of immediately sell it. Mining should be unprofitable for reasonably-long periods of time to revert the big-house mining (and immediate selling to cover costs) that happens and put the control back into the hands of smaller-scale operations. I suspect this trend will be necessary for Bitcoin to reach wider adoption and higher acceptance worldwide. Right now the power is concentrated into the hands of too few mining operations, so it is MORE beneficial for the price to fall and individuals operate/mine at a loss and accumulate coin.

So your question of why should you mine at a loss? To help the network and foster the right kind of miner. This topic has come up before in late 2011, and I addressed it here.

c'mon guys, my 500 ghash miner can get me BTC0.0284 every day.  And I might break even in 80 days....assuming I get a block....and the difficulty doesn't change.  

[knightcoin]

It may have been because of the Winklevoss twins saying that Bitcoin will be bigger than Facebook.
Posted from Bitcointa.lk - #eXG5IM0j3IYU7DML

Heh, might be because of that Bitcoin price raised a lot too, more good words from  Winklevoss twins  

reminds that facebook market captalizations is 152.54B ... and we ..

http://blockchain.info/charts/market-cap

 

FB is 25 times bigger ... people invest in something because the potencial ROI ... I do agree that the whole bitcoin ecosystem can be bigger than that ... just look how big linux community became ...