|
Blind (OP)
|
 |
June 08, 2012, 08:11:51 PM |
|
There is an order on MtGox for nearly 237k bitcoins @ $1.15, sitting there for last 3 months, and I wonder what purpose it serves. Only chance for it being filled is catastrophic Bitcoin failure making coins and this investment worthless, or (very unlikely) flash crash, as before when MtGox got hacked and forced price down to nearly zero. So there is ~272k USD sitting there, rotting away in anticipation of a chance one in a lifetime to score big. If so, why $1.15? Go for $1 and get 15% extra free =) Hell, if they had invested that in Pirate then, they would double that by now, lol. Or is it MtGox itself fooling around?  |
Government is not the solution to our problem. Government is the problem. -- Ronald Reagan
|
|
|
|
|
|
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.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
Fuzzy
|
|
June 08, 2012, 08:16:56 PM |
|
|
|
|
|
|
notme
Legendary
 Offline
Activity: 1904
Merit: 1002
|
|
June 08, 2012, 09:49:15 PM |
|
Or maybe it's sitting there waiting for the right moment to spike the price. Why not park it way down on the order book rather then just letting it sit in your account?
|
|
|
|
proudhon
Legendary
Offline
Activity: 2198
Merit: 1311
|
|
June 08, 2012, 10:09:44 PM |
|
Oh, sorry. I forgot I put that there.  |
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.
|
|
|
ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
|
|
June 09, 2012, 12:54:43 PM |
|
It was put there so you look at it. Creates support even when it won't be filled.
|
|
|
|
|
arklan
Legendary
Offline
Activity: 1778
Merit: 1008
|
|
June 10, 2012, 03:59:38 PM |
|
two things: fascinating vid and what's the software and where do i get it? |
i don't post much, but this space for rent.
|
|
|
klaus
Legendary
Offline
Activity: 1932
Merit: 1004
|
|
June 10, 2012, 06:43:56 PM |
|
two things: fascinating vid and what's the software and where do i get it?
https://bitcointalk.org/index.php?topic=6019.0 |
bitmessage:BM-2D9c1oAbkVo96zDhTZ2jV6RXzQ9VG3A6f1
threema:HXUAMT96
|
|
|
deepceleron
Legendary
Offline
Activity: 1512
Merit: 1032
|
|
June 10, 2012, 06:48:29 PM |
|
The day that Satoshi dumps 500,000BTC, you wouldn't want to miss out on the cheap Bitcoins by not having an order in, would you?
|
|
|
|
|
|
Yuhfhrh
|
|
June 11, 2012, 01:05:11 AM |
|
But isnt all that money just sitting in a mt gox account then? Shouldnt they invest all that money into something instead?
|
|
|
|
|
da2ce7
Legendary
Offline
Activity: 1222
Merit: 1016
Live and Let Live
|
|
June 11, 2012, 01:40:28 AM |
|
But isnt all that money just sitting in a mt gox account then? Shouldnt they invest all that money into something instead?
There is worse thing you can do than holding USD atm.... |
One off NP-Hard.
|
|
|
|
Yuhfhrh
|
|
June 11, 2012, 02:22:02 AM |
|
Leaving it in a low interest bank account would seem better to me. Then again if there is a huge bitcoin sell-off, 1.15 a bitcoin would be a good deal considering bitcoin still survives.
|
|
|
|
|
notme
Legendary
Offline
Activity: 1904
Merit: 1002
|
|
June 11, 2012, 02:27:40 AM |
|
Leaving it in a low interest bank account would seem better to me. Then again if there is a huge bitcoin sell-off, 1.15 a bitcoin would be a good deal considering bitcoin still survives.
Can you point me to a bank that will offer me an account yielding more than half a percent per year? Yeah, didn't think so. |
|
|
|
|
Yuhfhrh
|
|
June 11, 2012, 02:46:12 AM |
|
Leaving it in a low interest bank account would seem better to me. Then again if there is a huge bitcoin sell-off, 1.15 a bitcoin would be a good deal considering bitcoin still survives.
Can you point me to a bank that will offer me an account yielding more than half a percent per year? Yeah, didn't think so. Making $1,250 a year seems a lot better than potential mt gox withdrawal issues to me. |
|
|
|
|
|
