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freedombit (OP)
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October 01, 2014, 05:07:52 AM |
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If you think the price of Bitcoin is dropping, you are taking the wrong measurement.
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"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
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genco
Newbie
 Offline
Activity: 22
Merit: 0
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October 01, 2014, 05:43:01 AM |
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Nonsense. It is lower in value when measured against anything. You are not deep
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franky1
Legendary
Offline
Activity: 4200
Merit: 4442
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October 01, 2014, 06:22:43 AM |
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Nonsense. It is lower in value when measured against anything. You are not deep
if you know what happened in january, when mtgox didnt have much volume, and not much if any actual bank account movements were happening. and you woke up and realised whn the price went down from $650 to $450 in january. and then you started to see mtgox tank down to $100.. i hope you woke up and realised no one was actually arbitraging the price across exchanges and most were just sheep following gox. WELL.... same thing is happening now, AMLKYC is stopping whales loading more than 25btc into exchanges like btc-e as banks are getting reports and causing head aches. most trade is now on OTC/localbitcoins. far more daily volume are done privately than on bitstampt/btc-e, etc combined. and while the crappy exchanges are falling whilst they play with satoshi dust amounts of $5, the localbitcoins/otc trades are healthily $450-$550 so yea be an ignorant sheeple that believes that a crappy exchange that only does 12k in day trade and maybe 1k in bank movements. where only 200 coins makes a market cap move from $6bill to $5bill ... yea, you carry on getting suckered into fake and manipulated pricing, while the rest of us trade properly where the real action is, and where the real healthy prices lay. |
I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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Wary
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October 01, 2014, 06:37:48 AM |
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Nonsense. It is lower in value when measured against anything. You are not deep
Probably OP means that bicoin is the measure of price, so price of bitcoin cannot change by definition: one bitcoin always worth one bitcoin. |
Fairplay medal of dnaleor's trading simulator. 
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DukeofZill
Newbie
Offline
Activity: 40
Merit: 0
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October 01, 2014, 06:42:15 AM |
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far more daily volume are done privately than on bitstampt/btc-e, etc combined. and while the crappy exchanges are falling whilst they play with satoshi dust amounts of $5, the localbitcoins/otc trades are healthily $450-$550
I wish I could sell a bitcoin locally for $550 |
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Totscha
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October 01, 2014, 06:58:47 AM |
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Nonsense. It is lower in value when measured against anything. You are not deep
if you know what happened in january, when mtgox didnt have much volume, and not much if any actual bank account movements were happening. and you woke up and realised whn the price went down from $650 to $450 in january. and then you started to see mtgox tank down to $100.. i hope you woke up and realised no one was actually arbitraging the price across exchanges and most were just sheep following gox. WELL.... same thing is happening now, AMLKYC is stopping whales loading more than 25btc into exchanges like btc-e as banks are getting reports and causing head aches. most trade is now on OTC/localbitcoins. far more daily volume are done privately than on bitstampt/btc-e, etc combined. and while the crappy exchanges are falling whilst they play with satoshi dust amounts of $5, the localbitcoins/otc trades are healthily $450-$550 so yea be an ignorant sheeple that believes that a crappy exchange that only does 12k in day trade and maybe 1k in bank movements. where only 200 coins makes a market cap move from $6bill to $5bill ... yea, you carry on getting suckered into fake and manipulated pricing, while the rest of us trade properly where the real action is, and where the real healthy prices lay. Those damn rotten bastards! Only allowing deposit of large sums to people who get verified. You can almost get the impression the KYC/AML procedures are there to prevent people from laundering money anonymously... |
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Minerjoe
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October 01, 2014, 07:08:35 AM |
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Just hold people. The price will bounce back.
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kerafym
Full Member
Offline
Activity: 224
Merit: 100
THE GAME OF CHANCE. CHANGED.
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October 01, 2014, 07:40:14 AM |
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If you think the price of Bitcoin is dropping, you are taking the wrong measurement.
What measurement is pointing the price higher? |
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Rigon
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October 01, 2014, 09:37:13 AM |
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far more daily volume are done privately than on bitstampt/btc-e, etc combined. and while the crappy exchanges are falling whilst they play with satoshi dust amounts of $5, the localbitcoins/otc trades are healthily $450-$550
I wish I could sell a bitcoin locally for $550 your not the only wishing so, to sell bitcoins for at least 500 USD, I think btc priced is way undervalued at this moment. |
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Soros Shorts
Donator
Legendary
Offline
Activity: 1616
Merit: 1003
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October 01, 2014, 11:26:27 AM |
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far more daily volume are done privately than on bitstampt/btc-e, etc combined. and while the crappy exchanges are falling whilst they play with satoshi dust amounts of $5, the localbitcoins/otc trades are healthily $450-$550
I wish I could sell a bitcoin locally for $550 Have you tried? I know a guy who is currently selling in that price range on LBC. He is reliable, well trusted and comes to your location. I used to be his supplier of freshly of mined coins, but I am no longer selling (I have electricity and hosting costs covered for the next 12 months so I don't need the fiat). He has offered to buy from me above BitStamp and BitFINEX prices. |
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OmegaStarScream
Staff
Legendary
Offline
Activity: 3458
Merit: 6099
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October 01, 2014, 11:44:59 AM |
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Since Paypal is encouraging the use of BTC ... will this means that the price will rise or go down ?  |
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Mudd
Member
Offline
Activity: 78
Merit: 10
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October 01, 2014, 12:15:41 PM |
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I'm conflicted about how I feel about the price and have contradictory opinions on it. At the core 1 bitcoin will always be worth 1 bitcoin, but of course the fiat value is what we price it in. I wish for stability, but also for the price to rise, but I realise we can't have one without the other.
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DukeofZill
Newbie
Offline
Activity: 40
Merit: 0
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October 01, 2014, 09:03:41 PM |
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far more daily volume are done privately than on bitstampt/btc-e, etc combined. and while the crappy exchanges are falling whilst they play with satoshi dust amounts of $5, the localbitcoins/otc trades are healthily $450-$550
I wish I could sell a bitcoin locally for $550 Have you tried? I know a guy who is currently selling in that price range on LBC. He is reliable, well trusted and comes to your location. I used to be his supplier of freshly of mined coins, but I am no longer selling (I have electricity and hosting costs covered for the next 12 months so I don't need the fiat). He has offered to buy from me above BitStamp and BitFINEX prices. Well when dealing locally you get a higher rate, above bitstamp prices typically. But no where near a $100-$150 premium. |
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NotLambchop
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October 01, 2014, 09:32:03 PM |
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Nonsense. It is lower in value when measured against anything. You are not deep
Probably OP means that bicoin is the measure of price, so price of bitcoin cannot change by definition: one bitcoin always worth one bitcoin. I think OP means that if you use BTC for its intended purpose, to buy goods and services from the merchants that have adopted bitcoin, you will get approximately two thirds less than you would have when BTC's price was $1,200. |
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Wandererfromthenorth
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October 01, 2014, 10:01:48 PM |
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Nonsense. It is lower in value when measured against anything. You are not deep
Probably OP means that bicoin is the measure of price, so price of bitcoin cannot change by definition: one bitcoin always worth one bitcoin. I think OP means that if you use BTC for its intended purpose, to buy goods and services from the merchants that have adopted bitcoin, you will get approximately two thirds less than you would have when BTC's price was $1,200. Furthermore, if you use BTC for its intended purpose, to buying goods and services the merchants just market dump your BTCs on exchanges and create sell pressure that can drive the price down even more. A win-win situation right? Right guys? |
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