arklan
Legendary
 Offline
Activity: 1778
Merit: 1008
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January 21, 2013, 10:56:08 AM |
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I think we are generally overestimating the short-term effect of positive news (like wordpress, goldmoney, bitpay,...) and underestimating the long-term effects.
;tldr: the current rally is fueled in considerable part by newbs generated by 2 months old good news.
sorry to repost, but it shows my view on this question. It's worth repeating. sadly enough, i've read that thread an actively follow it... had forgotten that very well thought out post.  |
i don't post much, but this space for rent.
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"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
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Gyrsur
Legendary
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Activity: 2856
Merit: 1518
Bitcoin Legal Tender Countries: 2 of 206
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January 21, 2013, 11:20:34 AM |
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proudhon
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Activity: 2198
Merit: 1311
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January 21, 2013, 12:06:20 PM |
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Get ready in 3, 2,...  |
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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Gyrsur
Legendary
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Activity: 2856
Merit: 1518
Bitcoin Legal Tender Countries: 2 of 206
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January 21, 2013, 12:19:55 PM |
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wow this spread, no supply and demand within there:  |
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molecular
Donator
Legendary
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Activity: 2772
Merit: 1019
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January 21, 2013, 12:23:07 PM |
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Get ready in 3, 2,... very long-flying whale... this on moon? |
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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proudhon
Legendary
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Activity: 2198
Merit: 1311
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January 21, 2013, 12:24:12 PM |
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Get ready in 3, 2,... very long-flying whale... this on moon? Wait for it.... |
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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ElectricMucus
Legendary
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Activity: 1666
Merit: 1057
Marketing manager - GO MP
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January 21, 2013, 12:30:35 PM |
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wow this spread, no supply and demand within there: botter paradise. |
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Gyrsur
Legendary
Offline
Activity: 2856
Merit: 1518
Bitcoin Legal Tender Countries: 2 of 206
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January 21, 2013, 12:34:52 PM |
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wow this spread, no supply and demand within there:
botter paradise. butter paradise? what is it?  |
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ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
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January 21, 2013, 12:37:48 PM |
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ok for you: This situation is most profitable for operators of bots or automated trading systems using the mtgox api to spoon feed the traders on both ends.
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Gyrsur
Legendary
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Activity: 2856
Merit: 1518
Bitcoin Legal Tender Countries: 2 of 206
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January 21, 2013, 12:39:43 PM |
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thank you! but if a breakout will come they will lose... ;-)
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waspoza
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January 21, 2013, 12:43:41 PM |
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very long-flying whale... this on moon? Wait for it.... Still dreaming about single digits?  |
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proudhon
Legendary
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Activity: 2198
Merit: 1311
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January 21, 2013, 12:46:30 PM |
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very long-flying whale... this on moon? Wait for it.... Still dreaming about single digits? Yes. |
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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The Fool
Newbie
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Activity: 56
Merit: 0
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January 21, 2013, 12:51:14 PM |
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Proudhon is such a greedy bear. :p See you at 20!
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StarenseN
Legendary
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Activity: 2478
Merit: 1362
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January 21, 2013, 12:51:55 PM |
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very long-flying whale... this on moon? Wait for it.... Still dreaming about single digits? Yes. Everytime I read you i have this in my mind  (no offense)  |
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meowmeowbrowncow
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January 21, 2013, 12:54:32 PM |
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Ummm. somebody set us up the bomb.
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"Bitcoin has been an amazing ride, but the most fascinating part to me is the seemingly universal tendency of libertarians to immediately become authoritarians the very moment they are given any measure of power to silence the dissent of others." - The Bible
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The Fool
Newbie
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Activity: 56
Merit: 0
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January 21, 2013, 12:58:57 PM |
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Ummm. somebody set us up the bomb.
Just an equalizer that will become irrelevant once the banks open. |
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robocoin
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January 21, 2013, 01:01:01 PM |
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very long-flying whale... this on moon? Wait for it.... Still dreaming about single digits? Yes. Everytime I read you i have this in my mind (no offense) I'll wait for this whale going deep. Could be a whole whale family. I am very happy with the whale term, lol. We are already 28% up this month, nuts? At times like this I remember buying my first coins at 3,9€. But what if it goes much higher? People proofed several times in the past that they are nuts enough to make the real evil wedgie on Mt.Gox  I just don't dare buying now. Let me fail if I am wrong. |
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robocoin
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January 21, 2013, 01:04:03 PM |
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Whale fight trololololol.  |
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The Fool
Newbie
Offline
Activity: 56
Merit: 0
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January 21, 2013, 01:10:56 PM |
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Lel, the market just brushed that off like a minor case of fleas.
RIP Proudhon
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oakpacific
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January 21, 2013, 01:11:16 PM |
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Dear Mr Whale/Manipulator:
If you have got guts, convert your ask wall into a real dump, not the pony dump we have just seen.
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