Good thing I didn't jump on that at the time.
Topic: gheom eo g qoijknqzpmaqj .w. (Read 1600 times)
Last time I really checked into this stuff Jalapenos has just been announces and I thought they were cool
Good thing I didn't jump on that at the time.
Good thing I didn't jump on that at the time.
I am new here. I don't really see why bitcoin went up so much recently. I have been reading but I don't get it. I also
I was thinking that when I saw they went up to $5
The run-up to $260 and fallback put bitcoins back in the news. Check out http://www.economist.com/blogs/graphicdetail/2013/03/daily-chart-12
Revolutionary currency that has no middleman, isnt controlled by government or banks, and inflation controlled to a certain extent.. It should be more valuable than gold now...
Bitcoin was on a slow upward trend for the last two years and then the Cyprus news really gave it a shot in the arm.
Bitcoins are kinda like gold.
I remember not too long ago when a single bitcoin was only about $3... Oh how I wish I would have bought in back then.
Do you believe history will repeat itself for Litecoins?
I remember not too long ago when a single bitcoin was only about $3... Oh how I wish I would have bought in back then.
I wish I decided to start mining when I first heard of Bitcoins... If I did, I'd have lots, but now it takes forever to just earn 1BTC mining with normal computers..
It doesn't need to make sense. As long as people are greedy or fearful about one thing, there's money to be made.
yes some people who buy BTC are greedy. but you cant always say that they are. its funny cuz everyone who uses BTC want others to use it because they like the concept of it. so to use it they have to buy it but that makes the price go up a little. then they get mad and say oh well you just want to get rich off of it.... ha catch 22
It doesn't need to make sense. As long as people are greedy or fearful about one thing, there's money to be made.
I remember not too long ago when a single bitcoin was only about $3... Oh how I wish I would have bought in back then.
I am new here. I don't really see why bitcoin went up so much recently. I have been reading but I don't get it. I also noticed there is currently 11,000,000 or so outstanding bitcoins, and yet, very few are being sold, even though the price of bitcoins went up recently very drastically. This does not make sense to me, for so many people with 11,000,000 bitcoins, to just sit and watch after the price went up so much. What are they waiting for? It seems to me, that the runup in the price has already occurred. Why aren't they selling? It seems to be a strange marketplace, from my own experiences elsewhere. Normally, if the price goes up, they jump all over it and take all the profits as quick as they can. Where did all these big money investors come from, that are willing to pay $100 or $200 for one bitcoin?
As far as I can tell, the price in bitcoins has gone up on light volome, in comparison to the 11,000,000 bitcoins out there, and as such, normally there should be a large market correction, back down again. I am not meaning to be pessimistic. But what is propping up the price for so long?
Market manipulation? Maybe electric companies saw a noticeable drop-off when gpu miners shut down when it was costing much more to mine than gpus could earn. So they hire and fund a firm to get gpu miners back on the meter.
Accidental? Someone's trading bot's algorithm is off by a decimal point causing chaos at the exchange. It's happened more than once on wall street..
Supply < Demand? People notice the market value trending higher so they place an order to sell at some ridiculously high asking price relative to the current market. Then a large buy order engulfs all the sell orders and suddenly the market value soars to the formerly ridiculously high asking price.
Or one of many other reasons.
Off by one decimal point. Haha, me and my cousin used to joke about this in our programming classes. Oh no big deal, it was just off by a decimal point. HAHA.
That is making a boom these days
well lets see Paypal said they would consider using it
so did Western Union
The dude from Shark Tank said he might too
etc
That's why
so did Western Union
The dude from Shark Tank said he might too
etc
That's why
Venture capitalists realize there are 8 decimal places to a Bitcoin
that means there are 2.1 Quadrillion coin units
and for those not so bright at math..
when 1 unit (Satoshi) = 1cent then 1BTC = $1,000,000.00
that means there are 2.1 Quadrillion coin units
and for those not so bright at math..
when 1 unit (Satoshi) = 1cent then 1BTC = $1,000,000.00
Right, no banks sucking away our hard earned in transaction fees!
Supply and demand?
I don't know much about currencies and such.
Ok, thank you, I quoted some of the answers, and commented a bit below:
1- Bitcoin is undervalued?
Ok, thank you, I quoted some of the answers, and commented a bit below:
1- Bitcoin is undervalued?
Yep
2- Anxiety over getting burnt if the bitcoins are at the exchange? Exchanges are too unstable then? People don't trust their bitcoins at the exchanges?
"I wanted to try and day trade but my husband thinks long term it is better to just buy and hold. There is less risk to get burned that way."
"I wanted to try and day trade but my husband thinks long term it is better to just buy and hold. There is less risk to get burned that way."
I think they were concerned about getting burned by price fluctuations. Most amateur daytraders do indeed get burned.
3- People are realizing the potential of bitcoins as a leading world currency.
4- "The runup in the price has not "already occurred".." But it just went up to 260 from about 30 didn't it? that is almost 9 x what it was before. That is a big price increase of 9x in a short period of time. But you think it will go higher, so you hold? Have you ever done that with a stock you own, and watch it go up, and then watch it come back down again? I mean, what is the point? I thought people were trying to make some money? I guess different people invest in different ways. I am new at this so I don't know.
4- "The runup in the price has not "already occurred".." But it just went up to 260 from about 30 didn't it? that is almost 9 x what it was before. That is a big price increase of 9x in a short period of time. But you think it will go higher, so you hold? Have you ever done that with a stock you own, and watch it go up, and then watch it come back down again? I mean, what is the point? I thought people were trying to make some money? I guess different people invest in different ways. I am new at this so I don't know.
Bitcoin is not a stock.
I can't help but wonder if bitcoin may be mainly popular amongst money traders or students, and the mainstream population currently is not really all that interested in a currency with 8 decimal places, and most would find this confusing. Currently I think it is a fairly limited market, but it is a niche, but not mainstream. How big is this niche though? I suppose the price might go up substantially based on people hoping or speculating.
Seriously, you think people won't use bitcoin because of... decimal places??
How come Cyprus has anything to do with bitcoins at all? I mean, maybe some people in cyprus, but a minority, are even aware of bitcoin(correct me if I am wrong), and most people know nothing of bitcoins.
"the comercial world we live in is about to start using Bitcoin"
Thank you for your answers. I am trying to understand better.
"the comercial world we live in is about to start using Bitcoin"
Thank you for your answers. I am trying to understand better.
Right, most people haven't heard of bitcoins (although it's been in a lot of mainstream press recently), but who cares? Cyprus showed that an EU government is willing to confiscate funds and impose capital controls, which sets a precedent for the entire EU. Fiat cash can be confiscated... gold can be confiscated... Bitcoin can't.
More interesting than that though: it's simply the easiest, cheapest and most efficient way to pay somebody -- especially people in other countries. That's where its value comes from.
I realize there was this initial spike, but am I mistaken in thinking there will be a long-term net rise that's even larger if / as the currency gains support?
printing money! the more they print the more everything is. Things of value will cost more and more. The gulf between price and value has become an uncrossable ocean.
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