nameless888
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April 16, 2013, 06:00:19 AM |
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LOL go get a new forum name! I'm the only NamelessOne around here!  Haha, good to see another nameless around! Still new to these charts, what do the figures on the right represent? And is the center at the bottom an average of buys and sells which creates the current price?
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Krabby
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https://primedao.eth.link/#/
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April 16, 2013, 06:02:00 AM |
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LOL go get a new forum name! I'm the only NamelessOne around here! 
Still new to these charts, what do the figures on the right represent? And is the center at the bottom an average of buys and sells which creates the current price? The sum volume of Bids/Asks.
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Zangelbert Bingledack
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April 16, 2013, 06:02:14 AM |
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Many will just bail without going back to reddit...
True. Survivorship bias is always hard to remember to figure in. Meanwhile, the fundamentals continue their exponential rise in awesomeness: Coinbase signed on OK Cupid, and Bitpay netted MetArt and all sister sites.
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Ares
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April 16, 2013, 06:02:50 AM |
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Pretty big sell just then, and it's coming right back
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nameless888
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April 16, 2013, 06:13:20 AM |
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LOL go get a new forum name! I'm the only NamelessOne around here! 
Still new to these charts, what do the figures on the right represent? And is the center at the bottom an average of buys and sells which creates the current price? The sum volume of Bids/Asks. I think I get it a bit more now, thanks. As for the whole thing crashing : there's a massive amount of manipulation going on now, surely. The only way it can work is if people ignore all this madness and keep in mind that with more people using it things should get more stable. I mean the banking system for a start : if they want to try to mess up this whole thing, they just use their fiat money that's endlessly printed for them, buy loads of bitcoins, then try to flood and crash the market, right? Or just keep things going up and down all the time so they can work with the media to say that bitcoin is too volatile to be taken seriously. I think MtGox are the least of our problems when looking at the bigger picture. Banksters are obsessed with controlling the money supply and this is a massive threat to them, (it's on the verge of going mainstream and is possibly the biggest threat to their money making they've faced since ancient times.) and I think they're causing a lot of this. It's annoying because it has so much potential, but needs more people using it to become more stable.
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zvs
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April 16, 2013, 06:13:57 AM |
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Are we seeing a stable state? Oo, I'm not going to let my greed get the best of me and short. Ok... Maybe a little.
Where? What credible exchange allows you to short?
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Geddi
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It's the muffins that must be stopped.
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April 16, 2013, 06:16:55 AM |
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Are we seeing a stable state? Oo, I'm not going to let my greed get the best of me and short. Ok... Maybe a little.
Where? What credible exchange allows you to short? Just borrow some coins 
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zvs
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April 16, 2013, 06:18:56 AM |
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Are we seeing a stable state? Oo, I'm not going to let my greed get the best of me and short. Ok... Maybe a little.
Where? What credible exchange allows you to short? Just borrow some coins  OK, so no credible exchange allows you to short then. I'm sure some random chump is going to 'borrow' me a few hundred bitcoins
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Brushan
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April 16, 2013, 06:19:42 AM |
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Are we seeing a stable state? Oo, I'm not going to let my greed get the best of me and short. Ok... Maybe a little.
Where? What credible exchange allows you to short? Just borrow some coins  OK, so no credible exchange allows you to short then. I'm sure some random chump is going to 'borrow' me a few hundred bitcoins Bitfinex.com
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Frozenlock
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April 16, 2013, 06:20:10 AM |
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Shorting bitcoins... this is not something I would do. 
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zvs
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April 16, 2013, 06:22:07 AM |
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Are we seeing a stable state? Oo, I'm not going to let my greed get the best of me and short. Ok... Maybe a little.
Where? What credible exchange allows you to short? Just borrow some coins  OK, so no credible exchange allows you to short then. I'm sure some random chump is going to 'borrow' me a few hundred bitcoins Bitfinex.com Bitfinex Terms of Service Terms and Conditions This platform is currently in Beta. Although we did implement already the security measure mentioned in the FAQ, you should understand that you should not invest more than you're can afford before we declare this service LIVE. doesnt inspire much confidence. after it's live, i guess that means I can invest more than I can afford?
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nameless888
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April 16, 2013, 06:22:59 AM |
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Just remember : it doesn't matter how many manipulators out there try to crash this, it only fails if we collectively decide to give up on it. If we keep our faith in it and enough of the currency ends up in stable hands, it means less available for people trying to end it.
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zvs
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April 16, 2013, 06:24:10 AM |
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Just remember : it doesn't matter how many manipulators out there try to crash this, it only fails if we collectively decide to give up on it. If we keep our faith in it and enough of the currency ends up in stable hands, it means less available for people trying to end it.
What, you think it was worth $250? w/o the ability to short, there is a key moderating factor for these BS spikes missing
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Brushan
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April 16, 2013, 06:25:15 AM |
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People have alot of money there. And i have never seen a better service. The owners are doing a great job. But of course BTC is risky business and it is up to you if you want to take those risks.
I think CaVirtex is planning on implementing margin trading too. I just don't know when.
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nameless888
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April 16, 2013, 06:28:40 AM |
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Just remember : it doesn't matter how many manipulators out there try to crash this, it only fails if we collectively decide to give up on it. If we keep our faith in it and enough of the currency ends up in stable hands, it means less available for people trying to end it.
What, you think it was worth $250? w/o the ability to short, there is a key moderating factor for these BS spikes missing I'm new to this and can't even off the top of my head work out what your post means. (thanks if you can explain a bit though.) I'm just certain that there's groups out there trying to cause problems, and I don't think the currency should naturally be this volatile.
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Geddi
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It's the muffins that must be stopped.
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April 16, 2013, 06:30:22 AM |
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Bitfinex.com
Bitfinex Terms of Service Terms and Conditions This platform is currently in Beta. Although we did implement already the security measure mentioned in the FAQ, you should understand that you should not invest more than you're can afford before we declare this service LIVE. doesnt inspire much confidence. after it's live, i guess that means I can invest more than I can afford? They offer margin trading and shorting so you can lose more than you've got invested  Sure as hell delivers a better punch than any Vegas casino where you can't get any lower than broke. To comfort you a little.. If funds get too low you'll get a margin call.
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Bowjob
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April 16, 2013, 06:31:50 AM |
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Fear...
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It seemed like a good idea at the time.
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nameless888
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April 16, 2013, 06:35:24 AM |
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It's insane to see this and then imagine what the price of these coins could be even a year away from now. If this goes mainstream it could be one of the last times they ever reach a low price like this. Can't believe I've got no money to buy some for a while yet. (I know I could easily be completely wrong, have just got a weird feeling about this.)
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