Topic: Bitcoin in RALLY mode - page 8. (Read 22337 times)
ALERT: DWDOLLAR POSTED A SCAM WARNING IN THE MARKETPLACE
bitcoinmarket is kind of dead.
I respectfully disagree, and I think most LRUSD traders would, too.
bitcoinmarket is kind of dead.
MtGox is highly liquid and preferred by most people.
Most people trading have moved to MtGox. this is why the market is so thin on bitcoinmarket that it is highly risky to trade there. the spreads are far too big.
MtGox is highly liquid and preferred by most people.
Most people trading have moved to MtGox. this is why the market is so thin on bitcoinmarket that it is highly risky to trade there. the spreads are far too big.
I notice bitcoinmarket is a lot cheaper than mtgox, or at least seems to be. Is this an arbitrage opportunity? Or is it just that the buyers aren't offering the price the sellers want?
I think the price movement is solely due to the Bitcoin article which is still on the front page of www.fsdaily.com
This created a small extra demand at MtGox, plus a bigger extra demand from existing Bitcoin users who speculated by buying some extra coins before the fsdaily users arrived.
This created a small extra demand at MtGox, plus a bigger extra demand from existing Bitcoin users who speculated by buying some extra coins before the fsdaily users arrived.
It could be any number of things.
For example, a new casino mmo just poped up. Probably some ATITD users are looking to cash in on what they earn.
If there are any new services that manages to pop up during the bitcoin rally, it will probably drive up the price higher again....
Please note that Bitcoin was also on the frontpage of Freshmeat.net yesterday (I created a record for it).
I think the price movement is solely due to the Bitcoin article which is still on the front page of www.fsdaily.com
This created a small extra demand at MtGox, plus a bigger extra demand from existing Bitcoin users who speculated by buying some extra coins before the fsdaily users arrived.
This created a small extra demand at MtGox, plus a bigger extra demand from existing Bitcoin users who speculated by buying some extra coins before the fsdaily users arrived.
you may have to wait very long for a crash to come, and the level from where the next decline starts may be way higher than you think.
The technical pattern of the breakout is very strong, accompanied with huge volume.
Perhaps we see some consolidation at "1/10parity" = 0.1 USD, before BTC break this level.
The technical pattern of the breakout is very strong, accompanied with huge volume.
Perhaps we see some consolidation at "1/10parity" = 0.1 USD, before BTC break this level.
Today is a historic day for me. For the first time in my life I have made a profit trading a currency - a whopping 30 dollar cents. 
Now I am going to reveal my secret trading strategy, ingenious in its simplicity:
1) Buy Bitcoins whenenver you can afford to lose the USD (or EUR in my case).
2) Never sell Bitcoins for less than you bought them. Ever.
Now I am going to reveal my secret trading strategy, ingenious in its simplicity:
1) Buy Bitcoins whenenver you can afford to lose the USD (or EUR in my case).
2) Never sell Bitcoins for less than you bought them. Ever.
I don't see how this can last. 100,000 BTC in bids+asks on MtGox, but 7,200 BTC are created every day. The market just can't absorb it.
Of course, I've been bearish about the market since I was selling (below the normal market rate) at 0.003.
Of course, I've been bearish about the market since I was selling (below the normal market rate) at 0.003.
Those 100k are what are left after doing all of the daily absorbing of whatever generated coins make it to market, people save and spend too. I have some coins, but not enough, I'd welcome a crash. I'm mostly worried about not having enough in 5 years when bitcoin is "accepted everywhere" and 14 year olds don't know what a Visa card used to be.
I don't see how this can last. 100,000 BTC in bids+asks on MtGox, but 7,200 BTC are created every day. The market just can't absorb it.
It been at 0.06 for a really long time for like 2-3 weeks? In any case, the market seem to practically ignore the fact of monetary inflation.
I don't see how this can last. 100,000 BTC in bids+asks on MtGox, but 7,200 BTC are created every day. The market just can't absorb it.
Of course, I've been bearish about the market since I was selling (below the normal market rate) at 0.003.
Of course, I've been bearish about the market since I was selling (below the normal market rate) at 0.003.
> 30 days waiting period for paypal dollars deposit meant that influx of new buyers at mtgox ain't possible.
No it doesn't. they can trade immediately. they just can't withdraw.
No it doesn't. they can trade immediately. they just can't withdraw.
Sorry for my misunderstanding.
I'm going to offer some over 10 cents. Maybe zoom out a bit now, or make it an option or something.
> 30 days waiting period for paypal dollars deposit meant that influx of new buyers at mtgox ain't possible.
No it doesn't. they can trade immediately. they just can't withdraw.
No it doesn't. they can trade immediately. they just can't withdraw.
Just jumped over .08, So does anyone have thoughts on what is happening here?
30 days waiting period for paypal dollars deposit meant that influx of new buyers at mtgox ain't possible.
Just jumped over .08, So does anyone have thoughts on what is happening here?
makes me sad, i used to enjoy bitcoinmarket, i feel nostalgic when I go to visit (like MySpace), even though I only stopped visiting there 6 weeks ago. lol.
you're right.
Mtgox has become the market leader and on all other exchanges volumes are ridiculously low.
Mtgox has become the market leader and on all other exchanges volumes are ridiculously low.
Looks like bitcoinmarket is well ahead of mtgox.com, but volumes are low....real low.
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