Piper67
Legendary
Offline
Activity: 1106
Merit: 1001
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March 27, 2013, 03:55:37 PM |
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Let's put ourselves in the shoes of a newbie. So excited to get some bitcoins! I'll move 4000 to Mt Gox to buy 100 coins!!! Then the big wait... finally the money is there and I can buy WHAT ONLY 45 coins?!??
Sh*t... but look, there was recently flash crash and recovery down to the mid 50s. I guess I'll try to catch that this weekend.
tl;dr; its gonna take time for the new money to screw its head around the new prices...
I think this singlehandedly explains the gaping maw that is the bid-ask gap. Actually, I tend to think the bid-ask gap is mostly a function of the speed at which large purchases or dumps happen. When a whale goes all out and buys 2000 BTC in one go, the market right under the last price is too thin, and the gap happens while the market readjusts itself.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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mccorvic
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March 27, 2013, 04:00:10 PM |
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Remember last night when I said it was your last chance to buy below 80?
Well, now might be your last chance below 90.
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zoinky
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March 27, 2013, 04:00:41 PM |
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Bitcoinity, I was hoping to see this: image image
Thanks for the lulz.
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Cablez
Legendary
Offline
Activity: 1400
Merit: 1000
I owe my soul to the Bitcoin code...
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March 27, 2013, 04:02:14 PM |
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Knock knock knocking on Heaven's door................
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Tired of substandard power distribution in your ASIC setup??? Chris' Custom Cablez will get you sorted out right! No job too hard so PM me for a quote Check my products or ask a question here: https://bitcointalk.org/index.php?topic=74397.0
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ManBearPig
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March 27, 2013, 04:28:35 PM |
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I love the first comment: "Only the greedy are buying now" Seeing the Germans come to terms with the New World Order will be amusing.
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ineededausername
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March 27, 2013, 04:32:32 PM |
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Looks like $90 will happen today.
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(BFL)^2 < 0
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mccorvic
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March 27, 2013, 04:34:47 PM |
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Bids and ask remain the same. We can expect prices to continue to rise the same.
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robocoin
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March 27, 2013, 04:37:57 PM |
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Gosh, I want single digits now!!!!!!! CRASH! Everybody sell!!!! Somebody please, start a new FUD thread!
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WikileaksDude
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March 27, 2013, 04:48:22 PM |
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im out of popcorn and whisky...
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mccorvic
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March 27, 2013, 05:01:21 PM |
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Looks like we found another bear afraid of making too much money! Thank you for releasing the coins from your girl-like hands unto those with more manly ones.
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Beta-coiner1
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March 27, 2013, 05:13:40 PM |
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Gosh, I want single digits now!!!!!!! CRASH! Everybody sell!!!! Somebody please, start a new FUD thread!
Ah,I remember those days and the desperation on here when it was in the single digits....the irony.BTC has matured !
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samson
Legendary
Offline
Activity: 2097
Merit: 1070
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March 27, 2013, 05:13:56 PM |
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bitfloor just under 92?
This is what happens without the dumpers holding it back.
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Rothgar
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March 27, 2013, 05:14:35 PM |
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I love the first comment: "Only the greedy are buying now" Seeing the Germans come to terms with the New World Order will be amusing. I like this new world order. This bitcoin order will surpass the others.
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Herodes
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March 27, 2013, 05:15:57 PM |
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bitfloor just under 92?
This is what happens without the dumpers holding it back. Silly bears:) Wonder what will happen first. 1000 pages on this thread, or 100 price.
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BitcoinTate
Full Member
Offline
Activity: 224
Merit: 100
DigiByte Founder
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March 27, 2013, 05:20:00 PM |
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bitfloor just under 92?
This is what happens without the dumpers holding it back. Silly bears:) Wonder what will happen first. 1000 pages on this thread, or 100 price. My bet is $100 (edit: I can delete a few pages if I need to) I say $100 without a doubt!
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- aka The "DigiMan"
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420
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March 27, 2013, 06:31:38 PM |
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bitfloor just under 92?
This is what happens without the dumpers holding it back. Silly bears:) Wonder what will happen first. 1000 pages on this thread, or 100 price. $100 price
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Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS the hacks, the hacks, secure your bits!
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mccorvic
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March 27, 2013, 07:04:07 PM |
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$9.5M vs 45k BTC
The depth has stayed remarkably steady today. None the less, the numbers favor the bulls and the bears are fighting a losing battle.
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molecular
Donator
Legendary
Offline
Activity: 2772
Merit: 1019
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March 27, 2013, 07:04:42 PM |
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$9.5M vs 45k BTC
no post for over one hour. Is this alarming? Sell!
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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