ShakyhandsBTCer
Sr. Member
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Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
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August 10, 2014, 02:02:34 AM |
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Price has been stable at 580. Hard to see it go below 500 with more merchants accepting bitcoin.
I don't see us falling under $500 anytime in the near future. I think we will be above $600 again soon. There are a lot of people here, however, that argue that prices actually go down as more merchants accept BTC btc-e and bitstamp now have almost the same price, meaning it won't hold longer. I guess we will see bitstamp around 620 and btc-e around 600, after the stabilization, since I can't see the price going down. Why does a similar price on btc-e and bitstamp mean anything? |
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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Newbie1022
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August 10, 2014, 02:08:39 AM |
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Price has been stable at 580. Hard to see it go below 500 with more merchants accepting bitcoin.
I don't see us falling under $500 anytime in the near future. I think we will be above $600 again soon. There are a lot of people here, however, that argue that prices actually go down as more merchants accept BTC btc-e and bitstamp now have almost the same price, meaning it won't hold longer. I guess we will see bitstamp around 620 and btc-e around 600, after the stabilization, since I can't see the price going down. Why does a similar price on btc-e and bitstamp mean anything? BTC-e normally has prices $5 to $10 below Bitstamp. Thus, it shows the exchange valuations are a bit out of whack. It essentially means that either Bitstamp is $5 to $10 underpriced or BTC-e is $5 to $10 overpriced. |
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ShakyhandsBTCer
Sr. Member
Offline
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
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August 10, 2014, 02:10:47 AM |
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Price has been stable at 580. Hard to see it go below 500 with more merchants accepting bitcoin.
I don't see us falling under $500 anytime in the near future. I think we will be above $600 again soon. There are a lot of people here, however, that argue that prices actually go down as more merchants accept BTC btc-e and bitstamp now have almost the same price, meaning it won't hold longer. I guess we will see bitstamp around 620 and btc-e around 600, after the stabilization, since I can't see the price going down. Why does a similar price on btc-e and bitstamp mean anything? BTC-e normally has prices $5 to $10 below Bitstamp. Thus, it shows the exchange valuations are a bit out of whack. It essentially means that either Bitstamp is $5 to $10 underpriced or BTC-e is $5 to $10 overpriced. Exactly. But how can jaberwock know that this equilibrium means that prices will rise, instead of fall? |
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Newbie1022
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August 10, 2014, 02:11:30 AM |
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Price has been stable at 580. Hard to see it go below 500 with more merchants accepting bitcoin.
I don't see us falling under $500 anytime in the near future. I think we will be above $600 again soon. There are a lot of people here, however, that argue that prices actually go down as more merchants accept BTC btc-e and bitstamp now have almost the same price, meaning it won't hold longer. I guess we will see bitstamp around 620 and btc-e around 600, after the stabilization, since I can't see the price going down. Why does a similar price on btc-e and bitstamp mean anything? BTC-e normally has prices $5 to $10 below Bitstamp. Thus, it shows the exchange valuations are a bit out of whack. It essentially means that either Bitstamp is $5 to $10 underpriced or BTC-e is $5 to $10 overpriced. Given that Bitstamp is even leading Huobi right now, whose price has been inflated by 20 (scaled to approximately 3600-3650) over the other Chinese exchanges due to a heavy bid wall that has been there for a week at 3600... Bitstamp is $5 overpriced and BTC-e is about $10 overpriced. |
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Newbie1022
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August 10, 2014, 02:12:36 AM |
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Price has been stable at 580. Hard to see it go below 500 with more merchants accepting bitcoin.
I don't see us falling under $500 anytime in the near future. I think we will be above $600 again soon. There are a lot of people here, however, that argue that prices actually go down as more merchants accept BTC btc-e and bitstamp now have almost the same price, meaning it won't hold longer. I guess we will see bitstamp around 620 and btc-e around 600, after the stabilization, since I can't see the price going down. Why does a similar price on btc-e and bitstamp mean anything? BTC-e normally has prices $5 to $10 below Bitstamp. Thus, it shows the exchange valuations are a bit out of whack. It essentially means that either Bitstamp is $5 to $10 underpriced or BTC-e is $5 to $10 overpriced. Exactly. But how can jaberwock know that this equilibrium means that prices will rise, instead of fall? He was just saying that it was an imbalance and it was unstable. Then, from there, he was saying he thought it would rise based on general sentiment... he just felt like we had hit a trough and that the bears might be tiring. I don't agree, but it's not unreasonable. |
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ShakyhandsBTCer
Sr. Member
Offline
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
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August 10, 2014, 02:14:13 AM |
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Price has been stable at 580. Hard to see it go below 500 with more merchants accepting bitcoin.
I don't see us falling under $500 anytime in the near future. I think we will be above $600 again soon. There are a lot of people here, however, that argue that prices actually go down as more merchants accept BTC btc-e and bitstamp now have almost the same price, meaning it won't hold longer. I guess we will see bitstamp around 620 and btc-e around 600, after the stabilization, since I can't see the price going down. Why does a similar price on btc-e and bitstamp mean anything? BTC-e normally has prices $5 to $10 below Bitstamp. Thus, it shows the exchange valuations are a bit out of whack. It essentially means that either Bitstamp is $5 to $10 underpriced or BTC-e is $5 to $10 overpriced. Exactly. But how can jaberwock know that this equilibrium means that prices will rise, instead of fall? He was just saying that it was an imbalance and it was unstable. Then, from there, he was saying he thought it would rise based on general sentiment... he just felt like we had hit a trough and that the bears might be tiring. I don't agree, but it's not unreasonable. Alright, thank you for explaining! |
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Newbie1022
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August 10, 2014, 02:15:45 AM |
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Price has been stable at 580. Hard to see it go below 500 with more merchants accepting bitcoin.
I don't see us falling under $500 anytime in the near future. I think we will be above $600 again soon. There are a lot of people here, however, that argue that prices actually go down as more merchants accept BTC btc-e and bitstamp now have almost the same price, meaning it won't hold longer. I guess we will see bitstamp around 620 and btc-e around 600, after the stabilization, since I can't see the price going down. Why does a similar price on btc-e and bitstamp mean anything? Word! BTC-e normally has prices $5 to $10 below Bitstamp. Thus, it shows the exchange valuations are a bit out of whack. It essentially means that either Bitstamp is $5 to $10 underpriced or BTC-e is $5 to $10 overpriced. Exactly. But how can jaberwock know that this equilibrium means that prices will rise, instead of fall? He was just saying that it was an imbalance and it was unstable. Then, from there, he was saying he thought it would rise based on general sentiment... he just felt like we had hit a trough and that the bears might be tiring. I don't agree, but it's not unreasonable. Alright, thank you for explaining! |
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Benjig
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August 10, 2014, 02:21:49 AM |
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Price has been stable at 580. Hard to see it go below 500 with more merchants accepting bitcoin.
I don't see us falling under $500 anytime in the near future. I think we will be above $600 again soon. There are a lot of people here, however, that argue that prices actually go down as more merchants accept BTC btc-e and bitstamp now have almost the same price, meaning it won't hold longer. I guess we will see bitstamp around 620 and btc-e around 600, after the stabilization, since I can't see the price going down. In the pumps usually btc-e is always the one behind in the price while when there are dumps, both prices seems to make a parity |
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jaberwock
Legendary
Offline
Activity: 2548
Merit: 1073
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August 10, 2014, 02:35:18 AM |
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Price has been stable at 580. Hard to see it go below 500 with more merchants accepting bitcoin.
I don't see us falling under $500 anytime in the near future. I think we will be above $600 again soon. There are a lot of people here, however, that argue that prices actually go down as more merchants accept BTC btc-e and bitstamp now have almost the same price, meaning it won't hold longer. I guess we will see bitstamp around 620 and btc-e around 600, after the stabilization, since I can't see the price going down. Why does a similar price on btc-e and bitstamp mean anything? BTC-e normally has prices $5 to $10 below Bitstamp. Thus, it shows the exchange valuations are a bit out of whack. It essentially means that either Bitstamp is $5 to $10 underpriced or BTC-e is $5 to $10 overpriced. From my experience Bitstamp ends up around $12-$20 greater than btc-e, when we have a true sidewalk. No idea why, so no way to know how long we will have this rule working. |
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Newbie1022
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August 10, 2014, 02:59:22 AM |
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Price has been stable at 580. Hard to see it go below 500 with more merchants accepting bitcoin.
I don't see us falling under $500 anytime in the near future. I think we will be above $600 again soon. There are a lot of people here, however, that argue that prices actually go down as more merchants accept BTC btc-e and bitstamp now have almost the same price, meaning it won't hold longer. I guess we will see bitstamp around 620 and btc-e around 600, after the stabilization, since I can't see the price going down. In the pumps usually btc-e is always the one behind in the price while when there are dumps, both prices seems to make a parity Nice note. That might be something to watch for after we get some movement to see if this is a trend that holds. |
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Newbie1022
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August 10, 2014, 03:01:08 AM |
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Price has been stable at 580. Hard to see it go below 500 with more merchants accepting bitcoin.
I don't see us falling under $500 anytime in the near future. I think we will be above $600 again soon. There are a lot of people here, however, that argue that prices actually go down as more merchants accept BTC btc-e and bitstamp now have almost the same price, meaning it won't hold longer. I guess we will see bitstamp around 620 and btc-e around 600, after the stabilization, since I can't see the price going down. Why does a similar price on btc-e and bitstamp mean anything? BTC-e normally has prices $5 to $10 below Bitstamp. Thus, it shows the exchange valuations are a bit out of whack. It essentially means that either Bitstamp is $5 to $10 underpriced or BTC-e is $5 to $10 overpriced. From my experience Bitstamp ends up around $12-$20 greater than btc-e, when we have a true sidewalk. No idea why, so no way to know how long we will have this rule working. Ahh!! It appears I understated the misbalance. Also looking at the order book, it doesn't seem favorable for a bull run in the next couple days... a dip seems more likely. BUT, thee Huobi bid bull has been keeping everything in a stalling pattern as of late. I think the general pressure is downward but the bid bull might be able to hold the market flat until good news springs up. |
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madken7777
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August 10, 2014, 06:01:59 AM |
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How can a pump be fake when it involved real money?
If you think this rally is fake, feel free to sell on every pump.
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Newbie1022
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August 10, 2014, 06:59:29 AM |
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How can a pump be fake when it involved real money?
If you think this rally is fake, feel free to sell on every pump.
A pump can be fake. Let's say, hypothetically, you know a massive purchase of 1000 bitcoins will elicit a response by other parties of 2000 more Bitcoins being purchased. Well, if you know that to be true then you can pump the market up and then dump your 1000 bitcoins before the other players are able to again unload the 2000 they tossed in... this allows you to sell at a premium. Those are random numbers not based in fact, but that's the concept. More importantly, it works. People feel like the gains that they have on a pump are real and/or they get in at the end of a pump and can't accept the fact that they've been duped. So, they hold on to it. Note that this is more of an issue for day traders and why they don't stand a chance in hell against the whales... they get eaten alive because the whales can move the market whereas the common day trader can only respond to it. For people playing the long-term game, however, it is entirely a non-issue. |
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danynx
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August 10, 2014, 07:18:24 AM |
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this is not a fake pump
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Newbie1022
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August 10, 2014, 07:24:51 AM |
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this is not a fake pump
What pump??? =S |
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petersiddle98
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August 10, 2014, 10:41:38 AM |
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Not a fake pump this time, its going up and up and up....
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BeeTeeSea
Member
Offline
Activity: 70
Merit: 10
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August 10, 2014, 01:44:46 PM |
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is this a fake dump?  |
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HarmonLi
Sr. Member
Offline
Activity: 350
Merit: 250
Honest 80s business!
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August 10, 2014, 03:03:41 PM |
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Price has been stable at 580. Hard to see it go below 500 with more merchants accepting bitcoin.
I don't see us falling under $500 anytime in the near future. I think we will be above $600 again soon. There are a lot of people here, however, that argue that prices actually go down as more merchants accept BTC btc-e and bitstamp now have almost the same price, meaning it won't hold longer. I guess we will see bitstamp around 620 and btc-e around 600, after the stabilization, since I can't see the price going down. Why does a similar price on btc-e and bitstamp mean anything? BTC-e normally has prices $5 to $10 below Bitstamp. Thus, it shows the exchange valuations are a bit out of whack. It essentially means that either Bitstamp is $5 to $10 underpriced or BTC-e is $5 to $10 overpriced. Didn't they stop doing arbitrage on Stamp? Wasn't that the reason for the rather tightly coupled price? I guess if the free market now has to do the arbitrage, it may fluctuate or diverge more! Doesn't it? |
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Kipsy89
Sr. Member
Offline
Activity: 280
Merit: 250
Relax!
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August 10, 2014, 03:06:47 PM |
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Not a fake pump this time, its going up and up and up....
I guess it's going up, man!! Ha, up up up from here! Nah, this ain't a fake pump! Not on a sunday. I was waiting for a genuine rise and expected it to occur on sunday night or so, but hey why not, this ain't a bad weekend at all! |
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ShakyhandsBTCer
Sr. Member
Offline
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
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August 10, 2014, 03:09:04 PM |
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Price has been stable at 580. Hard to see it go below 500 with more merchants accepting bitcoin.
I don't see us falling under $500 anytime in the near future. I think we will be above $600 again soon. There are a lot of people here, however, that argue that prices actually go down as more merchants accept BTC btc-e and bitstamp now have almost the same price, meaning it won't hold longer. I guess we will see bitstamp around 620 and btc-e around 600, after the stabilization, since I can't see the price going down. Why does a similar price on btc-e and bitstamp mean anything? BTC-e normally has prices $5 to $10 below Bitstamp. Thus, it shows the exchange valuations are a bit out of whack. It essentially means that either Bitstamp is $5 to $10 underpriced or BTC-e is $5 to $10 overpriced. Didn't they stop doing arbitrage on Stamp? Wasn't that the reason for the rather tightly coupled price? I guess if the free market now has to do the arbitrage, it may fluctuate or diverge more! Doesn't it? You are confusing BTC-e with bitfinex I guess. Bitfinex had strong price ties with bitstamp, but now the price can diverge quite a bit. |
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