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Author Topic: Rally!!!!!  (Read 77086 times)
jojo69
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June 19, 2012, 03:29:54 AM
 #641

BANG!

This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
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Spekulatius
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June 19, 2012, 11:28:26 AM
 #642

To continue this rally all we need is another high above 6.6$.

GO GO GO !!!
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June 19, 2012, 11:33:25 AM
 #643

To continue this rally all we need is another high above 6.6$.

GO GO GO !!!

You first.
Luceo
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June 19, 2012, 12:07:34 PM
 #644

If you come to #bitcoin-otc on IRC, people are usually willing to buy or sell mtgox USD for bank wire or other payment methods. Might help anyone out who needs cash quickly and can't wait for a mtgox withdrawal.

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June 19, 2012, 12:23:03 PM
 #645

If you come to #bitcoin-otc on IRC, people are usually willing to buy or sell mtgox USD for bank wire or other payment methods. Might help anyone out who needs cash quickly and can't wait for a mtgox withdrawal.

Hmm one just will have to wait for the bank wire then to go through.  Undecided
Is that really quicker then waiting for the bank wire from MtGox? (except u are one of the Dwolla victims!)
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June 19, 2012, 12:23:51 PM
 #646

To continue this rally all we need is another high above 6.6$.

GO GO GO !!!

You first.

Yeah, Im all in already. Just waitin for you!
molecular
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June 19, 2012, 01:53:04 PM
 #647

If you come to #bitcoin-otc on IRC, people are usually willing to buy or sell mtgox USD for bank wire or other payment methods. Might help anyone out who needs cash quickly and can't wait for a mtgox withdrawal.

Hmm one just will have to wait for the bank wire then to go through.  Undecided
Is that really quicker then waiting for the bank wire from MtGox? (except u are one of the Dwolla victims!)

I bought mtgox USD a couple of times from someone for a SEPA (european wire transfer). The SEPA arrived the next day every time.

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Spekulatius
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June 19, 2012, 02:47:15 PM
 #648

So for non SEPA users MtGox withdrawals would be slower then?
Are MtGox SEPA withdrawls slower?
I dont have the answers.
BTCurious
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June 19, 2012, 04:11:17 PM
 #649

So for non SEPA users MtGox withdrawals would be slower then?
Are MtGox SEPA withdrawls slower?
I dont have the answers.
My MtGox SEPA withdrawal took 10 calendar days. (Person-to-person usually takes at most 2 working days)

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June 19, 2012, 04:46:42 PM
 #650

Don't forget, there was a $40k wall which sparked the rally out of $5, and enormous walls have been going up and down since -- this isn't organic.

LOL. I dont have that much money, therefor it is not organic...
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June 19, 2012, 05:59:43 PM
 #651

Don't forget, there was a $40k wall which sparked the rally out of $5, and enormous walls have been going up and down since -- this isn't organic.

LOL. I dont have that much money, therefor it is not organic...
Okay, I guess a tiny group of people people placing $40-100k walls around is "the free market at work." Surely their intent is to do nothing but discover the current value of Bitcoin, and all will be most efficient.

ETA: Not to say I'm not bullish short-term.

Okay, so its not a 'free market at work' because there happen to be only one or a few high net worth individuals participating?

Interesting definition...
proudhon
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June 19, 2012, 06:08:39 PM
 #652

To continue this rally all we need is another high above 6.6$.

GO GO GO !!!

You first.

Yeah, Im all in already. Just waitin for you!

I've been all in for a few months now, and over the past few weeks I've been buying modest sums fairly regularly on the exchanges.  20BTC here, 40BTC there.  I'll probably pick up another 40-50 or so this week sometime.
adamstgBit
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June 19, 2012, 06:11:32 PM
 #653

Don't forget, there was a $40k wall which sparked the rally out of $5, and enormous walls have been going up and down since -- this isn't organic.

LOL. I dont have that much money, therefor it is not organic...
Okay, I guess a tiny group of people people placing $40-100k walls around is "the free market at work." Surely their intent is to do nothing but discover the current value of Bitcoin, and all will be most efficient.

ETA: Not to say I'm not bullish short-term.

Okay, so its not a 'free market at work' because there happen to be only one or a few high net worth individuals participating?

Interesting definition...

http://en.wikipedia.org/wiki/Free_market

Spekulatius
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June 19, 2012, 07:02:16 PM
 #654

To continue this rally all we need is another high above 6.6$.

GO GO GO !!!

You first.

Yeah, Im all in already. Just waitin for you!

I've been all in for a few months now, and over the past few weeks I've been buying modest sums fairly regularly on the exchanges.  20BTC here, 40BTC there.  I'll probably pick up another 40-50 or so this week sometime.

Just make sure you get out before 7.00$ or 6.90$, because there will be some resistance and I doubt we are breaking it in the first attempt. Rebuying thereafter probably makes sense in the 6.4$-6.5$ area. After 7.00$ its all easy going all the way to till we show first signs of exhaustion. Maybe around 9-10$? We ll see.
If we cant break 6.6$ with the next attempt, we probably will hit it again in 1 or 2 weeks. If it doesnt break: RALLY OVER!
molecular
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June 19, 2012, 07:05:07 PM
 #655

To continue this rally all we need is another high above 6.6$.

GO GO GO !!!

You first.

Yeah, Im all in already. Just waitin for you!

I've been all in for a few months now, and over the past few weeks I've been buying modest sums fairly regularly on the exchanges.  20BTC here, 40BTC there.  I'll probably pick up another 40-50 or so this week sometime.

That's how David Morgan and others suggest to buy silver. Silver is comparable to bitcoin, because it's scarce commodity with a highly volatile market (that is being "manipulated", whatever that means). I think buying some at regular intervals can be a good acquisition strategy.

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bulanula
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June 19, 2012, 07:06:28 PM
 #656

To continue this rally all we need is another high above 6.6$.

GO GO GO !!!

You first.

Yeah, Im all in already. Just waitin for you!

I've been all in for a few months now, and over the past few weeks I've been buying modest sums fairly regularly on the exchanges.  20BTC here, 40BTC there.  I'll probably pick up another 40-50 or so this week sometime.

That's how David Morgan and others suggest to buy silver. Silver is comparable to bitcoin, because it's scarce commodity with a highly volatile market (that is being "manipulated", whatever that means). I think buying some at regular intervals can be a good acquisition strategy.

Dollar cost averaging FTW !
hazek
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June 19, 2012, 07:30:51 PM
 #657

Don't forget, there was a $40k wall which sparked the rally out of $5, and enormous walls have been going up and down since -- this isn't organic.

LOL. I dont have that much money, therefor it is not organic...
Okay, I guess a tiny group of people people placing $40-100k walls around is "the free market at work." Surely their intent is to do nothing but discover the current value of Bitcoin, and all will be most efficient.

ETA: Not to say I'm not bullish short-term.

Okay, so its not a 'free market at work' because there happen to be only one or a few high net worth individuals participating?

Interesting definition...

http://en.wikipedia.org/wiki/Free_market

A free market is not necessarily a fair market.

Adam Smith had some recommendations for the fair and sustainable operation of markets, including regulation against collusion and monopolies. Yeah—we are not doing that successfully.

A free market in reality isn't really free (as in anything goes kind of free), but rather it's a market regulated by strictly market consumers therefor it's up to the consumers what kind of a market a "free" market really is.

My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)

If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp
proudhon
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June 19, 2012, 08:02:50 PM
 #658

Don't forget, there was a $40k wall which sparked the rally out of $5, and enormous walls have been going up and down since -- this isn't organic.

LOL. I dont have that much money, therefor it is not organic...
Okay, I guess a tiny group of people people placing $40-100k walls around is "the free market at work." Surely their intent is to do nothing but discover the current value of Bitcoin, and all will be most efficient.

ETA: Not to say I'm not bullish short-term.

Okay, so its not a 'free market at work' because there happen to be only one or a few high net worth individuals participating?

Interesting definition...

http://en.wikipedia.org/wiki/Free_market

A free market is not necessarily a fair market.

Adam Smith had some recommendations for the fair and sustainable operation of markets, including regulation against collusion and monopolies. Yeah—we are not doing that successfully.

A free market in reality isn't really free (as in anything goes kind of free), but rather it's a market regulated by strictly market consumers therefor it's up to the consumers what kind of a market a "free" market really is.

Actually, not everyone gets to choose which markets they participate in. The situation we have is that very wealthy participants get to choose between all markets, and they collude to exclude most people from participating in all the same markets they do. This gives them more leverage in the 'retail' markets compared to the average market participant.

In short, consumers get what they are handed. They get to participate 'freely' in a small subset of markets...

+1
hazek
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June 19, 2012, 08:11:45 PM
 #659

Don't forget, there was a $40k wall which sparked the rally out of $5, and enormous walls have been going up and down since -- this isn't organic.

LOL. I dont have that much money, therefor it is not organic...
Okay, I guess a tiny group of people people placing $40-100k walls around is "the free market at work." Surely their intent is to do nothing but discover the current value of Bitcoin, and all will be most efficient.

ETA: Not to say I'm not bullish short-term.

Okay, so its not a 'free market at work' because there happen to be only one or a few high net worth individuals participating?

Interesting definition...

http://en.wikipedia.org/wiki/Free_market

A free market is not necessarily a fair market.

Adam Smith had some recommendations for the fair and sustainable operation of markets, including regulation against collusion and monopolies. Yeah—we are not doing that successfully.

A free market in reality isn't really free (as in anything goes kind of free), but rather it's a market regulated by strictly market consumers therefor it's up to the consumers what kind of a market a "free" market really is.

Actually, not everyone gets to choose which markets they participate in. The situation we have is that very wealthy participants get to choose between all markets, and they collude to exclude most people from participating in all the same markets they do. This gives them more leverage in the 'retail' markets compared to the average market participant.

In short, consumers get what they are handed. They get to participate 'freely' in a small subset of markets...

I don't really understand how you think you argued against anything I stated. If you can't participate, you aren't a consumer in that market by definition, but the market is still regulated strictly by it's consumers, whether that's limited to only people who can afford to participate is irrelevant or are you suggesting to force people to make participation affordable to everyone?

In other words you aren't a consumer in a market if you can't afford to be a consumer in that market.

My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)

If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp
hazek
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June 19, 2012, 08:26:43 PM
 #660

I'm sorry but you are making zero sense.

My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)

If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp
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