smoothie
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Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
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December 21, 2012, 01:01:51 AM |
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i'd love to see this wall get owned but its time for 12.50 now  Time for $8.47. |
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| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ .
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tbcoin
Legendary
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Activity: 1022
Merit: 1000
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December 21, 2012, 01:38:29 AM |
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humanitee
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December 21, 2012, 01:43:10 AM |
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 Popcorn. |
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Fast, Secure, and Fully
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| Whitepaper
Medium
Reddit
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ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
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December 21, 2012, 02:19:52 AM |
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Somebody short buy into that?
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Luno
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December 21, 2012, 02:22:36 AM |
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Sure it make sense, like when Soros decided Gold was to cheap at 300/ounce and began buying. And you know, the world is never gonna run out of USD
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mccorvic
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December 21, 2012, 02:56:05 AM |
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High prices means less distribution.
Back when Bitcoin was trading for .07 dollars each, many people had them! Now that they are trading for more than $10 each, very few people have them. If the price continues to rise, large holders of Bitcoin will purchase even more Bitcoins, making them less distributed. The more expensive they become, the easier it is to hold more! If more people become interested in Bitcoin and purchase them, the price will go down. Does any of this make any sense?  It could be the Gin and Tonic talking at this time of night...but it sorta does. But I think you are not taking into account the high divisibility of BTC. If BTC become worth $1million USD each (not saying they are, just as an example) a few people will hold 10,000 BTC but people could still buy/sell/trade in BTC without to many problems since they could effectively spend .000005BTC. I'm not sure how, but this seems important. HMMMM |
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420
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December 21, 2012, 03:09:20 AM |
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High prices means less distribution.
Back when Bitcoin was trading for .07 dollars each, many people had them! Now that they are trading for more than $10 each, very few people have them. If the price continues to rise, large holders of Bitcoin will purchase even more Bitcoins, making them less distributed. The more expensive they become, the easier it is to hold more! If more people become interested in Bitcoin and purchase them, the price will go down. Does any of this make any sense? It could be the Gin and Tonic talking at this time of night...but it sorta does. But I think you are not taking into account the high divisibility of BTC. If BTC become worth $1million USD each (not saying they are, just as an example) a few people will hold 10,000 BTC but people could still buy/sell/trade in BTC without to many problems since they could effectively spend .000005BTC. I'm not sure how, but this seems important. HMMMM how would the fees stack up then? currently .0005 is only 7 tenths of a cent $ |
Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS
the hacks, the hacks, secure your bits!
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mccorvic
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December 21, 2012, 03:33:35 AM |
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Time for $8.47. Not sure what god you worship, but I'd look into getting a new one. |
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adamstgBit (OP)
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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December 21, 2012, 04:21:28 AM |
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Time for $8.47. Not sure what god you worship, but I'd look into getting a new one. LMAO! I love smoothie, he so desperately wants to buy back in, with bitcoin profits |
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lebing
Legendary
Offline
Activity: 1288
Merit: 1000
Enabling the maximal migration
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December 21, 2012, 04:23:21 AM |
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High prices means less distribution.
Back when Bitcoin was trading for .07 dollars each, many people had them! Now that they are trading for more than $10 each, very few people have them. If the price continues to rise, large holders of Bitcoin will purchase even more Bitcoins, making them less distributed. The more expensive they become, the easier it is to hold more! If more people become interested in Bitcoin and purchase them, the price will go down. Does any of this make any sense? I dont get it. I'd say the inverse is true. Not many people had them at the beginning, but they each had alot. As the price rises, people are incentivized to take profits and sell, thereby increasing distribution. Additionally, as the economy grows, so does the distribution. |
Bro, do you even blockchain?
-E Voorhees
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ThiagoCMC
Legendary
Offline
Activity: 1204
Merit: 1000
฿itcoin: Currency of Resistance!
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December 21, 2012, 04:35:02 AM |
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IT WAS A TRAP!! O_O
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mccorvic
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December 21, 2012, 04:40:06 AM |
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IT WAS A TRAP!! O_O
Trololoolol One day people will learn to never not buy bitcoins. One day. |
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adamstgBit (OP)
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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December 21, 2012, 04:40:26 AM |
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IT WAS A TRAP!! O_O
wall is gone. I guess its time to panic buy. lol, i will hold my short thanks. |
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mccorvic
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December 21, 2012, 04:40:56 AM |
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IT WAS A TRAP!! O_O
wall is gone. I guess its time to panic buy. lol, i will hold my short thanks. Didn't you hear me? I said to never NOT buy bitcoins. |
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420
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December 21, 2012, 04:44:01 AM |
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some walls are still up but I was the first to predict it on here: I smell a bear trap
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Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS
the hacks, the hacks, secure your bits!
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adamstgBit (OP)
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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December 21, 2012, 04:48:13 AM |
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IT WAS A TRAP!! O_O
wall is gone. I guess its time to panic buy. lol, i will hold my short thanks. Didn't you hear me? I said to never NOT buy bitcoins. lol! good advice but every once in a while you should sell some bitcoins, so you can buy back lower or have some money to buy in on a really good crash |
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keewee
Legendary
Offline
Activity: 1025
Merit: 1000
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December 21, 2012, 09:18:08 AM |
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Whoa! Where'd all the asks go??? 16000 up to $14 and 34000 down to $12.50. That sure changed in the last few hours!  |
1keewee2vRp63UWvPBynT55ZYw6SUCKDB
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theomar
Newbie
Offline
Activity: 55
Merit: 0
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December 21, 2012, 09:38:01 AM |
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High prices means less distribution.
Back when Bitcoin was trading for .07 dollars each, many people had them! Now that they are trading for more than $10 each, very few people have them. If the price continues to rise, large holders of Bitcoin will purchase even more Bitcoins, making them less distributed. The more expensive they become, the easier it is to hold more! If more people become interested in Bitcoin and purchase them, the price will go down. Does any of this make any sense? I dont get it. I'd say the inverse is true. Not many people had them at the beginning, but they each had alot. As the price rises, people are incentivized to take profits and sell, thereby increasing distribution. Additionally, as the economy grows, so does the distribution. Distribution makes prices rise, but high prices do not make distribution rise... And because i think that the rate of people getting familiar with btc decreases would be better if the btc price goes down. Personally, i do not care where the price goes... |
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myself
Legendary
Offline
Activity: 938
Merit: 1000
chaos is fun...…damental :)
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December 21, 2012, 10:10:26 AM |
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just ask yourself how many ppl do own apple shares ? now go and look at the monthly volume traded by the big banks
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Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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theomar
Newbie
Offline
Activity: 55
Merit: 0
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December 21, 2012, 10:29:04 AM |
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just ask yourself how many ppl do own apple shares ? now go and look at the monthly volume traded by the big banks
I do not expect big banks get into btc any time soon. But when it happens, my approach will change. |
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