Come-from-Beyond
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Merit: 1010
Newbie
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April 11, 2013, 10:00:08 PM |
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Do you think multimillionaire investors would panic sell like these so called bitcoiners (whos only dreaming to be rich)?
Think again.
They are buying all they can. Yes, the Winklevoss brothers are a great example of this. They know its value and will keep on buying as panicing newbs sell to them. I don't mind if they buy all coins. We'll just launch a new one.
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herzmeister
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Activity: 1764
Merit: 1007
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April 11, 2013, 10:00:22 PM |
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So maybe that's what Vladimir was speaking about. Can't decide whether it'll be good or bad news for bitcoin though. This is fantastic news! Bitcoin, as endorsed by the Winkelvoss twins... Very bullish. Really so bullish? Hmm I'm not so sure. https://bitcointalk.org/index.php?topic=173890.0
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Gatekeeper
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April 11, 2013, 10:10:25 PM |
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bitcoin china went down to $98 last i saw and now it's at $127
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(1470) <KLYE> But I was far too drunk to fuck a midget (1470) <KLYE> I will fuck a chicken for 250 btc
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rpietila
Donator
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Activity: 1722
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April 11, 2013, 10:11:38 PM |
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How can you sell in BTC china? Is there any other problem except that you will receive CNY which you need to recycle to your own currency?
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HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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Terpie
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April 11, 2013, 10:13:25 PM |
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So maybe that's what Vladimir was speaking about. Can't decide whether it'll be good or bad news for bitcoin though. This is fantastic news! Bitcoin, as endorsed by the Winkelvoss twins... Very bullish. Really so bullish? Hmm I'm not so sure. https://bitcointalk.org/index.php?topic=173890.0How are transactions processed without mining?
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Gatekeeper
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April 11, 2013, 10:13:39 PM |
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make that $142 now
lol so if you were setup properly you could buy for $64 and sell to btc china and more than double your money
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(1470) <KLYE> But I was far too drunk to fuck a midget (1470) <KLYE> I will fuck a chicken for 250 btc
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DougTanner
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April 11, 2013, 10:26:51 PM |
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Prices have stabilized around $60-$70, even Virtex is coming down. How long until Gox re-opens? What time EST?
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proudhon
Legendary
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Activity: 2198
Merit: 1311
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April 11, 2013, 10:28:11 PM |
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Prices have stabilized around $60-$70, even Virtex is coming down. How long until Gox re-opens? What time EST? Prices have stabilized? lol, they had just stabilized around $80 like 5 hours ago. A few hours from now they'll have stabilized further, I'm sure.
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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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arklan
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Activity: 1778
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April 11, 2013, 10:37:05 PM |
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man, my head hurts... i blame ...uh... you guys.
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i don't post much, but this space for rent.
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DougTanner
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April 11, 2013, 10:41:22 PM |
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Prices have stabilized around $60-$70, even Virtex is coming down.
Prices have stabilized? lol, they had just stabilized around $80 like 5 hours ago. A few hours from now they'll have stabilized further, I'm sure. With Bitcoin stability is relative :p
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seleme
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Merit: 1028
Duelbits.com
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April 11, 2013, 10:46:19 PM |
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Service is down for emergency maintenance for one hour, until 2013-04-11 23:30:00 UTC. Please retry at that time
They are coming back earlier. My God, what will happen then, lol
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proudhon
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Activity: 2198
Merit: 1311
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April 11, 2013, 10:48:20 PM |
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Prices have stabilized around $60-$70, even Virtex is coming down.
Prices have stabilized? lol, they had just stabilized around $80 like 5 hours ago. A few hours from now they'll have stabilized further, I'm sure. With Bitcoin stability is relative :p I'm compelled to believe that stability is practically unachievable and that as that fact becomes more apparent and adopted it will be clear that bitcoin simply isn't a workable economic system. Its really, really innovative, and is technologically brilliant, but mass psychology will probably prevent it from succeeding, ultimately.
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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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deepceleron
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Activity: 1512
Merit: 1036
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April 11, 2013, 10:49:42 PM |
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Service is down for emergency maintenance for one hour, until 2013-04-11 23:30:00 UTC. Please retry at that time
They are coming back earlier. My God, what will happen then, lol
MtGox has been up for those who want to change book orders or do account-related stuff. Only trading was halted. I assume it will be returned to this state until trading restarts in three hours.
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TsuyokuNaritai
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April 11, 2013, 10:50:40 PM |
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Why is the Chinese price higher than the others? Chinese investors have cooler heads/stronger hands and aren't panicking? Chinese don't have so many BTC in Gox to pump to other exchanges and sell? A huge buy wall is catching all the asks? Chinese are just more bullish on the price? Chinese need BTC for spurious purposes that will work whatever it's current price is? Something else?
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bitarrow
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April 11, 2013, 10:54:27 PM |
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Service is down for emergency maintenance for one hour, until 2013-04-11 23:30:00 UTC. Please retry at that time
They are coming back earlier. My God, what will happen then, lol
MtGox has been up for those who want to change book orders or do account-related stuff. Only trading was halted. I assume it will be returned to this state until trading restarts in three hours. not anymore, down for service
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pinger
Legendary
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Activity: 1512
Merit: 1001
Bitcoin - Resistance is futile
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April 11, 2013, 10:55:16 PM |
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Why is the Chinese price higher than the others? Chinese investors have cooler heads/stronger hands and aren't panicking? Chinese don't have so many BTC in Gox to pump to other exchanges and sell? A huge buy wall is catching all the asks? Chinese are just more bullish on the price? Chinese need BTC for spurious purposes that will work whatever it's current price is? Something else? Yes, there are many chinese people, and they new there are just 21 Million BTC.
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For rent
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DougTanner
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April 11, 2013, 10:56:41 PM |
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Prices have stabilized around $60-$70, even Virtex is coming down.
Prices have stabilized? lol, they had just stabilized around $80 like 5 hours ago. A few hours from now they'll have stabilized further, I'm sure. With Bitcoin stability is relative :p I'm compelled to believe that stability is practically unachievable and that as that fact becomes more apparent and adopted it will be clear that bitcoin simply isn't a workable economic system. Its really, really innovative, and is technologically brilliant, but mass psychology will probably prevent it from succeeding, ultimately. You might be right, I really hope not though.
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wachtwoord
Legendary
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Activity: 2338
Merit: 1136
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April 11, 2013, 10:59:35 PM |
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Prices have stabilized around $60-$70, even Virtex is coming down.
Prices have stabilized? lol, they had just stabilized around $80 like 5 hours ago. A few hours from now they'll have stabilized further, I'm sure. With Bitcoin stability is relative :p I'm compelled to believe that stability is practically unachievable and that as that fact becomes more apparent and adopted it will be clear that bitcoin simply isn't a workable economic system. Its really, really innovative, and is technologically brilliant, but mass psychology will probably prevent it from succeeding, ultimately. You might be right, I really hope not though. Stability in fiat currency is irrelevant. Relative stability in purchasing power is relevant. Because of the limited applicability of Bitcoin at the moment the connection between the two is still quite strong. Long term it won't really mater as no-one will exchange their Bitcoins for a piece of paper with some numbers and the face of some political leader on it anyway.
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r.willis
Jr. Member
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Activity: 42
Merit: 11
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April 11, 2013, 11:05:13 PM |
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How are transactions processed without mining?
Well, majority of trusted nodes vote "right" transactions. Quite clever, isn't it? Well, not. What is clever - Ripples (coins of Ripple system) are issued in genesis ledger, and guess who controls them? Yes, makers of the system.
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420
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April 11, 2013, 11:14:47 PM |
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Prices have stabilized around $60-$70, even Virtex is coming down.
Prices have stabilized? lol, they had just stabilized around $80 like 5 hours ago. A few hours from now they'll have stabilized further, I'm sure. With Bitcoin stability is relative :p I'm compelled to believe that stability is practically unachievable and that as that fact becomes more apparent and adopted it will be clear that bitcoin simply isn't a workable economic system. Its really, really innovative, and is technologically brilliant, but mass psychology will probably prevent it from succeeding, ultimately. it wont matter this instability so long as people are trying to exchange fiat for bitcoins to buy things ASAP the more people keep their value in bitcoins the more stable it should be
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Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS the hacks, the hacks, secure your bits!
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