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thoughtfan
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February 09, 2013, 01:44:23 PM |
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Someone bought 5k BTC with one click. This is really something, even I'm amazed. It's Saturday, the most boring market day of the week by far, and we see this. Wow.
Might have been something to do with someone buying over 1m S.DICE shares in one hit after evoorhees said he'd take them off the market unless they were gone by tomorrow ev. |
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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thoughtfan
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February 09, 2013, 01:46:23 PM |
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Very close. I sound like this, though.  Excellent. Come to think of it it is not that unlikely that Marvin the Paranoid Androind ( here's another link) will have been modeled on Eeyore's. I'd forgotten how funny Marvin was. Thanks for the reminder  |
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rebuilder
Legendary
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Activity: 1615
Merit: 1000
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February 09, 2013, 02:17:01 PM |
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That's an encouraging thought, I'll give you that. It just seems to me that bitcoin is too tempting a market for biggish market participants not to thrash around, and I just worry that all that thrashing around will wear people out. But, maybe I've lost sight of bitcoin's appeal.
Spend too much time speculating, lose sight of the other aspects of bitcoin. People actually use the system. How much attention do you pay to the economy as a whole as opposed to just the currency speculation? Looking at this subforum, it seems a lot of people are looking at their charts too much, and not much else. Beard tend to discount the actual non-speculative uses in their reckoning, while bulls don't always consider the unknowns, like what will happen when we start to see real regulator interest in Bitcoin. |
Selling out to advertisers shows you respect neither yourself nor the rest of us.
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Too many low-quality posts? Mods not keeping things clean enough? Self-moderated threads let you keep signature spammers and trolls out!
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kokojie
Legendary
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Activity: 1806
Merit: 1003
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February 09, 2013, 03:35:00 PM |
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This is going to turn into another disaster.
for whom? For bitcoin, I'm afraid. I just think that odds are this is the result of a pump and dump effort, and we're still in the pump phase. I'm just mentally preparing for the whole project to get set back another couple years. Even the June 2011 bubble wasn't really a set back, the average BTC price for the 6 months after bubble is 7 times higher than the average price for the 6 months pre-bubble. |
btc: 15sFnThw58hiGHYXyUAasgfauifTEB1ZF6
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proudhon
Legendary
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Activity: 2198
Merit: 1311
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February 09, 2013, 03:40:45 PM |
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FFS, where is all this money coming from?
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Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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waspoza
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February 09, 2013, 03:42:19 PM |
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FFS, where is all this money coming from?
Printing press? |
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cypherdoc
Legendary
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Activity: 1764
Merit: 1002
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February 09, 2013, 03:59:38 PM |
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FFS, where is all this money coming from?
Printing press? i can't wait for them to 3D print gold bars. |
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Spaceman_Spiff
Legendary
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Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
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February 09, 2013, 04:01:14 PM |
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FFS, where is all this money coming from?
Printing press?  so true |
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cypherdoc
Legendary
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Activity: 1764
Merit: 1002
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February 09, 2013, 04:06:06 PM |
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FFS, where is all this money coming from?
who's the brilliant guy above who said something about unlimited "ammunition"? |
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oakpacific
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February 09, 2013, 04:19:03 PM |
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Speaking of the money inflow, I have done some random calculations, which could be full of mistakes, so feel free to correct me. Now that we are still seeing 50k upside volume routinely after we are above $20, which amounts to $1M at its minimum. Assuming this number is all that the bulls are gonna make in case of a crash, and our bullish friends want to keep a handsome profit, so only half of this much would be used to buy back bitcoins latter when the price gets very low, it could still translate to a 250,000 BTC upside volume at $2.
So the conclusion is it's highly unlikely that we will see the price dip to below $2 as it was in November 2011, in fact, I think all the bulls(not including Mr. Loaded) in this thread combined are capable of stopping the price hitting $2, not taking into account the influence of a major shorting platform like Bitcoinica, while making a sizable profit from the rally we had, what do you guys think? I think I am being quite conservative.
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World
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February 09, 2013, 04:23:40 PM |
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FFS, where is all this money coming from?
Printing press? i can't wait for them to 3D print gold bars. US market via CoinBase,January 11 was announcement look the chart |
Supporting people with beautiful creative ideas. Bitcoin is because of the developers,exchanges,merchants,miners,investors,users,machines and blockchain technologies work together.
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myself
Legendary
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Activity: 938
Merit: 1000
chaos is fun...…damental :)
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February 09, 2013, 04:29:20 PM |
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Bears are fighting with limited ammunition, bulls have factorys making more and more ammunition everyday  assumption: fiat is free fact: fiat is not free is debt |
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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oakpacific
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February 09, 2013, 04:31:53 PM |
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Bears are fighting with limited ammunition, bulls have factorys making more and more ammunition everyday assumption: fiat is free fact: fiat is not free is debt Free is debt, debt is free. |
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Third Way
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February 09, 2013, 04:50:43 PM |
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Soo, is there a whale(s) buying constantly, or are these new adopters driving the price up?
I thought I'd wake up to $20 today.
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blease resbond -> 1BYJKxpntNn6TZbM5M5CWkEb8vr8vDcBrr
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thoughtfan
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February 09, 2013, 05:08:41 PM |
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FFS, where is all this money coming from?
Printing press? LOL |
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proudhon
Legendary
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Activity: 2198
Merit: 1311
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February 09, 2013, 05:16:56 PM |
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Soo, is there a whale(s) buying constantly, or are these new adopters driving the price up?
I thought I'd wake up to $20 today.
Same. I woke up this morning completely baffled. |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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cypherdoc
Legendary
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Activity: 1764
Merit: 1002
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February 09, 2013, 05:29:06 PM |
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see, all it takes is a small crack in his closed mind to blow the thing wide open! |
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thoughtfan
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February 09, 2013, 05:35:45 PM |
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see, all it takes is a small crack in his closed mind to blow the thing wide open! But to be fair, he did call it the beginning of the bubble so I don't think he's had a total bull conversion  |
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robocoin
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February 09, 2013, 05:39:07 PM |
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who missed me? I didn't miss Bitcoin over $22  Ooh, and a new avatar as well! :-) Ente thanks to user hardup I'm a more blatant supporter of marijuana legalization now I missed you, I thought you "did a Yuhfhrh". |
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