i dont know if Gox goes down then its safe to assume other exchanges are also in crosshairs.. i dont know.. this news really made me put on my thinking hat.. without exchanges bitcoin prices would plummet down freefall.. i hope that it never comes to that point though..
Topic: India's btc price speculation thread !! (Read 2144 times)
There are rumours of Gox being shut down in a few weeks.. any credibilities?? people seem to be in full swing taking money out of gox..
Maybe shut out of the US, but not sure about Japan. Dont know if Karples has goofed up there as well.
There are rumours of Gox being shut down in a few weeks.. any credibilities?? people seem to be in full swing taking money out of gox..
I am really confused right now.. the market is so manipulated at the moment..
Lol, it looks like a bull run right now.
But its the weekend, maybe the actual price, but who knows!
I am really confused right now.. the market is so manipulated at the moment..
So what do Indian miners , sellers , buyers etc. feel about the recent slump in price . Where is the price headed too ? Was the $250 the peak that bitcoin achieved ?
The peak that bit coin received was 295$ . Checkout AllTimeHigh !
With the BUY BUY BUY phenomenon right now, I assume , the price of btc will shoot up like anything.
Yup, its gonna spike like crazy.
I also am awestruck at the way Bitcoin has handled this attack.
We may get a better sense of things towards end of day today in the US.
Dwolla blacklists Mtgox in US.. i think the era of stability is over..
Supposedly 100000 bitcoins have been lost by Reptelia.. 
Reptelia uses mBTC denomination always..
Supposedly 100000 bitcoins have been lost by Reptelia..
118 breached , my predictions are to reach upto $125 in the next 72 hours.
17th of May is the Bitcoin Conference.
It will be interesting to see how the market reacts to some new announcements, etc.
May be a parameter to speculate on for the coming week.
Purchasing Power Parity
Keeping aside regulations i think bitcoin is gaining recognition.. i told many friends of mine but the only thing keeping them from investing or taking it seriously is the fact that evrythings in USD ie Mtgox and the prices are just too damn volatile.. but if an exchange does open up in india and it recieves as much recognition as mtgox then i dont see any reason why the majority wont accept it..
Bitcoin in india is still a budding topic but if some infrastructure does pop up peope are indeed going to recognize and get curious.. i feel we indians are very curious people.. and when profits can be made we dont generally lag behind
PS. PPP is increasing in india and we are quite a large population ..
Bitcoin in india is still a budding topic but if some infrastructure does pop up peope are indeed going to recognize and get curious.. i feel we indians are very curious people.. and when profits can be made we dont generally lag behind
PS. PPP is increasing in india and we are quite a large population ..
agreed. infrastructure and web presence is a must.
PPP???
Keeping aside regulations i think bitcoin is gaining recognition.. i told many friends of mine but the only thing keeping them from investing or taking it seriously is the fact that evrythings in USD ie Mtgox and the prices are just too damn volatile.. but if an exchange does open up in india and it recieves as much recognition as mtgox then i dont see any reason why the majority wont accept it..
Bitcoin in india is still a budding topic but if some infrastructure does pop up peope are indeed going to recognize and get curious.. i feel we indians are very curious people.. and when profits can be made we dont generally lag behind
PS. PPP is increasing in india and we are quite a large population ..
Bitcoin in india is still a budding topic but if some infrastructure does pop up peope are indeed going to recognize and get curious.. i feel we indians are very curious people.. and when profits can be made we dont generally lag behind
PS. PPP is increasing in india and we are quite a large population ..
drdanishkhan i know what you are talking about with newer people trying to enter the bitcoin community . they find it hard to go through that barrier of purchase , when every thing is quoted in USD and gox+10% it make it highly consumer unfriendly. one was to make it more acceptable is sellers jus start quoting the actual amount in INR . but when i proposed that it looked like every one want to put that idea down. sellers thinking it will not allow them to control price.
The system we use in india needs to change making it friendly , simple and far more consumer friendly.
drdanishkhan please do talk more about bitcoin to your friends and help them know more about the coins the more we talk the more we are able to grow the community.
Keeping aside regulations i think bitcoin is gaining recognition.. i told many friends of mine but the only thing keeping them from investing or taking it seriously is the fact that evrythings in USD ie Mtgox and the prices are just too damn volatile.. but if an exchange does open up in india and it recieves as much recognition as mtgox then i dont see any reason why the majority wont accept it..
Bitcoin in india is still a budding topic but if some infrastructure does pop up peope are indeed going to recognize and get curious.. i feel we indians are very curious people.. and when profits can be made we dont generally lag behind
PS. PPP is increasing in india and we are quite a large population ..
Bitcoin in india is still a budding topic but if some infrastructure does pop up peope are indeed going to recognize and get curious.. i feel we indians are very curious people.. and when profits can be made we dont generally lag behind
PS. PPP is increasing in india and we are quite a large population ..
And if we set aside regulation? Then how would indian consumers react if a major exchange was to gain entry into India?
D&P will continue as long as supernodes are there so one cant realy do anything about it.. Another exchange most prob will take a trade chunks out of mtgox so prices wont be swinging as bad as it happens now when a Dump and pump happens.. Its a much needed infrastructure right now.. but itas also quite difficult to set up as it happened here with bitocean.. RBI really makes it tough for bitcoin to prosper large scale..
i think human psychology is also playing a large role here.. most of the gpu miners have started mining alt coins. ASICS delivery have started and are driving prices exponentially.. DDOS attacks are less publicised now.. even gox is trying to get better and better exchanges are coming up in the near future.. but every body is still looking for one major correction and drop of prices below 100.. maybe thats why the volumes are low and the prices are getting stable.. Future seems bullish.. right now i think the bears are winning..
Yeah, I agree with the drop below 100.
Based on my previous calculation $48 was the low, adjusted over the last 5 months, it should be roughly a floor price of 78-85 USD today.
Am not as worried about DDOS'rs as I am about pump and dumps. They really cause problems.
I wonder how India would react if a major exchange like Gox came into play. Especially with the DDOS's and pumps.
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