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Topic: LocalBitcoins.com hits $250? (Read 1902 times)

legendary
Activity: 1386
Merit: 1053
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October 01, 2013, 07:19:09 PM
#21
It's an intended typo.
I do many typos, but why to intend one?
If you bother to explain - don't have to Wink

Just for fun, really. Kinda put a playful twist on the sig Smiley
member
Activity: 98
Merit: 10
October 01, 2013, 03:02:36 PM
#20
what someone is willing to pay and the actual market price really dont share anything in  common.
Exactly - but it seems so - at least for newbs.

Again - last 24 hours:
Quote
high: 253.20      low: 118.33
member
Activity: 98
Merit: 10
October 01, 2013, 07:39:31 AM
#19
what someone is willing to pay and the actual market price really dont share anything in  common.
Exactly - but it seems so - at least for newbs.
member
Activity: 98
Merit: 10
October 01, 2013, 07:04:10 AM
#18
It's an intended typo.
I do many typos, but why to intend one?
If you bother to explain - don't have to Wink
AU
member
Activity: 98
Merit: 10
October 01, 2013, 03:43:09 AM
#17
what someone is willing to pay and the actual market price really dont share anything in  common.
hero member
Activity: 728
Merit: 500
October 01, 2013, 12:01:31 AM
#16
How about we get someone to make a trade for one satoshi at $100,000 and paint the tape?  Then we can say it's an omen.
full member
Activity: 145
Merit: 100
September 30, 2013, 09:52:32 PM
#15
Maybe in the incoming months, we will see that price or even more.
legendary
Activity: 1386
Merit: 1053
Please do not PM me loan requests!
September 30, 2013, 08:59:49 PM
#14
It's an intended typo.
member
Activity: 98
Merit: 10
September 30, 2013, 06:07:54 PM
#13
Liteycoins: Lev45FTsYABPk95jBrhX4CtbDwi8KEU6Ad

Typo or new alt?
LiteYcoins
legendary
Activity: 1386
Merit: 1053
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September 30, 2013, 04:45:17 PM
#12
I did some research on the topic, and, it's probably location.
LocalBitcoins is NOT an online exchange necessarily, it's a road map that leads to bitcoin-to-cash brokers.
In Chicago, you can get away with $100 a coin, but some of these places more dislocated (and american) would make perfectly reasonable places if you're a doctor who defaulted your college loan or something and won't be using an exchange any time soon.
At that you're seeing the sales of all the cash exchanges. In april a few coins went for $400.
Hey, I sell bitcoins for 500$! Wanna buy some?

That doesn't mean people will actually buy it.
The chart lists past sales, not past offers.
On localbitcoins when buying with cash:
1) You pay premium to meet up in person.
2) Some people are a newcomers wanting to buy their "first" bitcoins.

That makes it an ideal place for an occasional ridiculously high offers.
Absolutely. Smiley
member
Activity: 98
Merit: 10
September 30, 2013, 04:34:34 PM
#11
http://bitcoinity.org/markets/localbitcoins/USD - click 3 days
 high: 254.00      low: 101.51


Hmmmmm. Did the transaction really occur or is it possible that someone did that and then cancelled it before paying?
Or maybe an alt, and no payment was sent?

Exactly - or some1 bought from himself or friend "real" 200mBTC to "rise value" of bitcoin - basically fake the price.
legendary
Activity: 1666
Merit: 1010
he who has the gold makes the rules
September 30, 2013, 02:05:02 PM
#10
There is too much fraud and scamming going on at LBC, I tried using it and had all sorts of bs to deal with.

Would not trust the price on there at the moment until they fix their issues.
uyo
newbie
Activity: 36
Merit: 0
September 30, 2013, 10:23:19 AM
#9
Hey, I sell bitcoins for 500$! Wanna buy some?

That doesn't mean people will actually buy it.

I'll buy them if you take my PPC 100$  Grin

Anyone wants my ADT just for 1$ ? Smiley
full member
Activity: 252
Merit: 100
MARKETPLACE FOR PAID ADVICE LIVE BROADCASTS
September 30, 2013, 07:14:08 AM
#8
http://bitcoinity.org/markets/localbitcoins/USD - click 3 days
 high: 254.00      low: 101.51


Hmmmmm. Did the transaction really occur or is it possible that someone did that and then cancelled it before paying?
Or maybe an alt, and no payment was sent?
member
Activity: 98
Merit: 10
September 30, 2013, 07:08:03 AM
#7
Where did you see that the price hits 250 usd in the link?
It was not that high

Some "bought" 1,4? BTC for that price. 252 i think.
Maybe some typo or newb - or just unpatient long term ...

http://bitcoinity.org/markets/localbitcoins/USD - click 3 days
 high: 254.00      low: 101.51

Doesn't mean anything.
Even IRL sometimes it happens that some1 sells/buys 50% lower/higher. Mistake, bad decision, personal stuff (divorced woman/widow whats to sell that house ASAP for "any" price ...)
Won't affect prices of houses in US or CA or even that little city.

Just bitcoin is very volatile - so some1 sae 25- - OK I am not selling under 230 - prices rise.
Also manipulation can occur.
full member
Activity: 252
Merit: 100
MARKETPLACE FOR PAID ADVICE LIVE BROADCASTS
September 30, 2013, 06:45:40 AM
#6
Where did you see that the price hits 250 usd in the link?
It was not that high
sr. member
Activity: 252
Merit: 250
September 29, 2013, 08:51:49 PM
#5
Hey, I sell bitcoins for 500$! Wanna buy some?

That doesn't mean people will actually buy it.
newbie
Activity: 22
Merit: 0
September 29, 2013, 08:39:54 PM
#4
So from a low of $122 to a High of $190+ no one can predict what will happen tomorrow. This volatility is the reason people get excited. With the new 400 Gh/s to couple of Th/s each machine would make it even more fun to mine.
legendary
Activity: 3010
Merit: 1031
RIP Mommy
September 29, 2013, 07:21:43 PM
#3
Needs a FTFY ^

Wonder how it is getting LB data... "bid: 0.11    ask: 400.00"

Bitcoinity topic: https://bitcointalksearch.org/topic/bitcoinityorgmarkets-live-bitcoin-price-charts-22929

ETA: Refreshed, now bid: 154.72    ask: 154.72
legendary
Activity: 1400
Merit: 1013
September 29, 2013, 03:27:25 PM
#2
http://bitcoinity.org/markets/localbitcoins/USD
Someone's trying to make the price jump or something. We are seeing a lot of coins being sold offered for >$200.
This is a good thing, or a hopeless attempt?  Undecided
legendary
Activity: 1386
Merit: 1053
Please do not PM me loan requests!
September 29, 2013, 01:16:19 PM
#1
http://bitcoinity.org/markets/localbitcoins/USD
Someone's trying to make the price jump or something. We are seeing a lot of coins being sold for >$200.
This is a good thing, or a hopeless attempt?  Undecided
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