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Topic: Am I the only one that finds this brief period of stability surprising? (Read 2206 times)

Flashman
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Am I the only one that finds this brief period of stability surprising?
November 04, 2013, 06:46:42 AM
#23
Quote from: chriswilmer on November 04, 2013, 06:14:16 AM
I got a few ASICMINER shares for that reason... so that I don't feel like I am losing bitcoins overtime. (it's a pretty small income though)

Well as long as you didn't buy at 4.5 Cheesy I sold my partials right there. Been looking at buying in again, but seems like a bit of a "Hail Mary" that Friedcat pulls something out now. Looking for somewhere to park a few coins that I don't have to babysit 24/7 though.
tutkarz
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Re: Am I the only one that finds this brief period of stability surprising?
November 04, 2013, 06:28:48 AM
#22
Quote from: leemar on November 01, 2013, 01:05:06 PM
I suspect for noobs, $200 sounds a lot for 1 of anything especially if you don't really know what that thing is,  oh and then you hear they cost $13 in January.

Of course this is not the point and when new use cases arise, next week, next month, next year the number won't matter.

That's why if we would switch from 1.00000000 BTC to 1,000,000.00 XBT that would be beneficial for all because it is more human friendly and easier to use. Also you would be exchanging $1 for 10,000.00 XBT which feels like you have a lot of something.
chriswilmer
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Re: Am I the only one that finds this brief period of stability surprising?
November 04, 2013, 06:14:16 AM
#21
Quote from: Flashman on November 04, 2013, 06:05:43 AM
I'm trying to go longer than a 50 year old Burmese python, but having to bleed a BTC here and there for the bills. But it's great not to have to bleed too many for the required fiat.

I got a few ASICMINER shares for that reason... so that I don't feel like I am losing bitcoins overtime. (it's a pretty small income though)
Flashman
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Activity: 518
Merit: 500
Hodl!
Re: Am I the only one that finds this brief period of stability surprising?
November 04, 2013, 06:05:43 AM
#20
I'm trying to go longer than a 50 year old Burmese python, but having to bleed a BTC here and there for the bills. But it's great not to have to bleed too many for the required fiat.
omehenk
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Merit: 250
Re: Am I the only one that finds this brief period of stability surprising?
November 01, 2013, 10:29:36 PM
#19
Quote from: chriswilmer on November 01, 2013, 09:44:50 PM
Quote from: omehenk on November 01, 2013, 09:17:49 PM
Quote from: SheHadMANHands on November 01, 2013, 01:45:40 PM
Old money is waiting to see if new money hits the exchanges over the next few weeks, and how much.  

That there deposit lag.


New money is coming in,I sold to first time buyers , this was bye far my best week ever.    Grin


H


Why did you sell? Do you think this is the top?

No , am Long.
But am a trader.  Wink

I dont sell MY coins.


H
Jabbatheslutt
full member
Activity: 168
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Re: Am I the only one that finds this brief period of stability surprising?
November 01, 2013, 10:03:26 PM
#18
I though it would have crashed by now.
chriswilmer
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Re: Am I the only one that finds this brief period of stability surprising?
November 01, 2013, 09:44:50 PM
#17
Quote from: omehenk on November 01, 2013, 09:17:49 PM
Quote from: SheHadMANHands on November 01, 2013, 01:45:40 PM
Old money is waiting to see if new money hits the exchanges over the next few weeks, and how much.  

That there deposit lag.


New money is coming in,I sold to first time buyers , this was bye far my best week ever.    Grin


H


Why did you sell? Do you think this is the top?
adamstgBit
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Re: Am I the only one that finds this brief period of stability surprising?
November 01, 2013, 09:38:48 PM
#16
Quote from: JimboToronto on November 01, 2013, 09:04:09 PM
Quote from: leemar on November 01, 2013, 01:05:06 PM
I suspect for noobs, $200 sounds a lot for 1 of anything

How does $2 for a million satoshis sound?

sounds, about right.
omehenk
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Activity: 278
Merit: 250
Re: Am I the only one that finds this brief period of stability surprising?
November 01, 2013, 09:17:49 PM
#15
Quote from: SheHadMANHands on November 01, 2013, 01:45:40 PM
Old money is waiting to see if new money hits the exchanges over the next few weeks, and how much.  

That there deposit lag.


New money is coming in,I sold to first time buyers , this was bye far my best week ever.    Grin


H
JimboToronto
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You're never too old to think young.
Re: Am I the only one that finds this brief period of stability surprising?
November 01, 2013, 09:04:09 PM
#14
Quote from: leemar on November 01, 2013, 01:05:06 PM
I suspect for noobs, $200 sounds a lot for 1 of anything

How does $2 for a million satoshis sound?
windjc
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Re: Am I the only one that finds this brief period of stability surprising?
November 01, 2013, 08:21:32 PM
#13
Quote from: benjamindees on November 01, 2013, 07:44:20 PM
Quote from: rocks on November 01, 2013, 12:47:49 PM
Looking at the price history, each period of realative stability creates a new base for the price. Yes I find it surprising right now but believe it means the next move will be up, not down.

Right.  That would be normal for a growing currency.  Stability creates a basis for profitable trade.  Profitable trade increases the currency's utility, attracting new users and raising the value.

The question is, if your right, how long does the consolidation last. Everyone seems to assume that its been a long time, although its actually only been a few days. Could it last a few weeks, a month, longer?
adamstgBit
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Trusted Bitcoiner
Re: Am I the only one that finds this brief period of stability surprising?
November 01, 2013, 07:51:46 PM
#12

Quote
There is no way that the market could have anticipated all of the latest news that has gone viral.

bitcoin isn't "going viral"... bitcoin is a phenomena that first manifested in 2010, it will continue to fascinate poeple for ever.

 Smiley


Quote
Am I the only one that finds this brief period of stability surprising?
no i'm not surprised. its actually scary watching the market reacting to all this news, i want to buy... dont you? don't you wish the FBI sold us their bitcoins already.  Cheesy
benjamindees
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Re: Am I the only one that finds this brief period of stability surprising?
November 01, 2013, 07:44:20 PM
#11
Quote from: rocks on November 01, 2013, 12:47:49 PM
Looking at the price history, each period of realative stability creates a new base for the price. Yes I find it surprising right now but believe it means the next move will be up, not down.

Right.  That would be normal for a growing currency.  Stability creates a basis for profitable trade.  Profitable trade increases the currency's utility, attracting new users and raising the value.
chriswilmer
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Re: Am I the only one that finds this brief period of stability surprising?
November 01, 2013, 07:43:51 PM
#10
Quote from: TERA on November 01, 2013, 01:36:45 PM
Quote from: chriswilmer on November 01, 2013, 01:00:48 PM
I think it's an invisible, multi-exchange bid wall (that is very large), that is causing this.

Does anyone else have a competing theory?
An invisible multi exchange sell wall.

True... how could we tell the difference?
TERA
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Re: Am I the only one that finds this brief period of stability surprising?
November 01, 2013, 02:18:19 PM
#9


Hey maybe this wasn't a glitch but a brief screwup in the sellers hidden order system. Maybe this is why the i286 a pi is taken down. Someone might have a lawsuit on their hands even.
SheHadMANHands
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Re: Am I the only one that finds this brief period of stability surprising?
November 01, 2013, 01:45:40 PM
#8
Old money is waiting to see if new money hits the exchanges over the next few weeks, and how much. 

That there deposit lag.
TERA
hero member
Activity: 728
Merit: 500
Re: Am I the only one that finds this brief period of stability surprising?
November 01, 2013, 01:36:45 PM
#7
Quote from: chriswilmer on November 01, 2013, 01:00:48 PM
I think it's an invisible, multi-exchange bid wall (that is very large), that is causing this.

Does anyone else have a competing theory?
An invisible multi exchange sell wall.
leemar
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Merit: 100
Re: Am I the only one that finds this brief period of stability surprising?
November 01, 2013, 01:05:06 PM
#6
I suspect for noobs, $200 sounds a lot for 1 of anything especially if you don't really know what that thing is,  oh and then you hear they cost $13 in January.

Of course this is not the point and when new use cases arise, next week, next month, next year the number won't matter.
chriswilmer
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Activity: 1008
Merit: 1000
Re: Am I the only one that finds this brief period of stability surprising?
November 01, 2013, 01:00:48 PM
#5
I think it's an invisible, multi-exchange bid wall (that is very large), that is causing this.

Does anyone else have a competing theory?
rocks
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Merit: 1000
Re: Am I the only one that finds this brief period of stability surprising?
November 01, 2013, 12:47:49 PM
#4
Looking at the price history, each period of realative stability creates a new base for the price. Yes I find it surprising right now but believe it means the next move will be up, not down.
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