Topic: Mt. Gox hits all-time Bitcoin high (Read 12869 times)
Now I wait for TBTF, and PTB , Goverment move, interesting time..
Again she blasts off ... Someone's gotta do a twisted tune for the song: Shooting star by Bad company for Bitcoin. 
TC
TC
It was a trade in a currency other than USD.
This is correct. The "high" and "low" on MtGox Website are any-currency trades converted to USD. IIRC the API documentation explains this.
not quite the all time high
https://blockchain.info/charts/market-price?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
$35 is the all time high
https://blockchain.info/charts/market-price?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
$35 is the all time high
Nonsense. Blockchain.info isn't a direct source. You can pull every trade ever made with timestamps and size from MtGox db using the API. Or you can use bitcoincharts.
[...]
So, I actually saw the Mt. Gox price tick up to $35 momentarily the other day, but then, that didn't get reflected in the daily high or any charts. I wonder sometimes if there are momentary price fluctuations that occur that don't get permanently recorded anywhere... Some kind of dark pool trade maybe?
not quite the all time high
https://blockchain.info/charts/market-price?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
$35 is the all time high
https://blockchain.info/charts/market-price?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
$35 is the all time high
Nonsense. Blockchain.info isn't a direct source. You can pull every trade ever made with timestamps and size from MtGox db using the API. Or you can use bitcoincharts.
[...]
Show chart
Last price:$33.41331
High as hell:$34.51541
Low:$30.90200
Volume:73760 BTC
Weighted Avg:$33.06103
Mt. Gox
As much as I love seeing the price point rise, I'm afraid of a bubble. There's no need for the price to rise so quickly. In fact, there should be little focus on the price point.
The focus should be on the actual economy. In order for this to not be a bubble, there needs to be an economy to back this up, as in, more people and businesses should be trading in bitcoin, and the price rises accordingly. If big media attention brings loads of speculators to bitcoin without plans to actually use bitcoin as a medium of exchange, then a bubble is quite likely.
Downplay the price, and focus on the economy.
Edit: if people come because of the price to use bitcoin as a medium of exchange, then that's good. It's a swarm of speculators that I'm worried about. But I have a feeling people are more likely to use a currency as a medium of exchange if they hear about merchants using it, rather than price hikes.
The focus should be on the actual economy. In order for this to not be a bubble, there needs to be an economy to back this up, as in, more people and businesses should be trading in bitcoin, and the price rises accordingly. If big media attention brings loads of speculators to bitcoin without plans to actually use bitcoin as a medium of exchange, then a bubble is quite likely.
Downplay the price, and focus on the economy.
Edit: if people come because of the price to use bitcoin as a medium of exchange, then that's good. It's a swarm of speculators that I'm worried about. But I have a feeling people are more likely to use a currency as a medium of exchange if they hear about merchants using it, rather than price hikes.
What is a bubble? If price doubled every day/week/month/year/decade, is it a bubble?
A "bubble" is the term that only works in hindsight, and is therefore pretty much useless for discussing the current state of affairs.
If you look at price change over total trade volume, not over time, you'll notice that recent price increase is very different then the June 2011 madness:
As much as I love seeing the price point rise, I'm afraid of a bubble. There's no need for the price to rise so quickly. In fact, there should be little focus on the price point.
The focus should be on the actual economy. In order for this to not be a bubble, there needs to be an economy to back this up, as in, more people and businesses should be trading in bitcoin, and the price rises accordingly. If big media attention brings loads of speculators to bitcoin without plans to actually use bitcoin as a medium of exchange, then a bubble is quite likely.
Downplay the price, and focus on the economy.
Edit: if people come because of the price to use bitcoin as a medium of exchange, then that's good. It's a swarm of speculators that I'm worried about. But I have a feeling people are more likely to use a currency as a medium of exchange if they hear about merchants using it, rather than price hikes.
The focus should be on the actual economy. In order for this to not be a bubble, there needs to be an economy to back this up, as in, more people and businesses should be trading in bitcoin, and the price rises accordingly. If big media attention brings loads of speculators to bitcoin without plans to actually use bitcoin as a medium of exchange, then a bubble is quite likely.
Downplay the price, and focus on the economy.
Edit: if people come because of the price to use bitcoin as a medium of exchange, then that's good. It's a swarm of speculators that I'm worried about. But I have a feeling people are more likely to use a currency as a medium of exchange if they hear about merchants using it, rather than price hikes.
What is a bubble? If price doubled every day/week/month/year/decade, is it a bubble?
not quite the all time high
https://blockchain.info/charts/market-price?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
$35 is the all time high
https://blockchain.info/charts/market-price?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
$35 is the all time high
31.9099 was the previous high. Blockchain.info is lying to you
lol thats like the same thing as what some people said about the nazi genocides "it didn't happen" http://en.wikipedia.org/wiki/Holocaust_denial
but instead of tryng to change history. talk to some people that were actually around when the events occurred.
https://bitcointalksearch.org/topic/m.436019 for example
the price ACTUALLY reached that price. it wasn't a graph glitch, it actually happened. but the reason it happened and got so high was because of a speculated ramp.. no bases on any value or reason to be that high.. but it still happened.
atleast this time if it surpasses $35 it atleast has a bigger userbase and difficulty range backing up reasons for why it deserves to be so high
The all time matters as psycological barrier, since most consensus is around a number slight below $32, that number is "ALL TIME HIGH" in essense.
Past history of any price isactually meaninless, but as a information piece that engraved in memory matters.
Congrats all!
Congrats? I would be so sad that the opputunity to buy below this number seems closing.....
This number will look ridiculously low in a couple years.
Congrats all!
Congrats? I would be so sad that the opputunity to buy below this number seems closing.....
As much as I love seeing the price point rise, I'm afraid of a bubble. There's no need for the price to rise so quickly. In fact, there should be little focus on the price point.
The focus should be on the actual economy. In order for this to not be a bubble, there needs to be an economy to back this up, as in, more people and businesses should be trading in bitcoin, and the price rises accordingly. If big media attention brings loads of speculators to bitcoin without plans to actually use bitcoin as a medium of exchange, then a bubble is quite likely.
Downplay the price, and focus on the economy.
Edit: if people come because of the price to use bitcoin as a medium of exchange, then that's good. It's a swarm of speculators that I'm worried about. But I have a feeling people are more likely to use a currency as a medium of exchange if they hear about merchants using it, rather than price hikes.
The focus should be on the actual economy. In order for this to not be a bubble, there needs to be an economy to back this up, as in, more people and businesses should be trading in bitcoin, and the price rises accordingly. If big media attention brings loads of speculators to bitcoin without plans to actually use bitcoin as a medium of exchange, then a bubble is quite likely.
Downplay the price, and focus on the economy.
Edit: if people come because of the price to use bitcoin as a medium of exchange, then that's good. It's a swarm of speculators that I'm worried about. But I have a feeling people are more likely to use a currency as a medium of exchange if they hear about merchants using it, rather than price hikes.
I am starting to get excited. Usually that is not a good sign 
Psychologically, this is an important milestone. It marks the end of the 2011 bubble and the beginning of a new chapter in the history of Bitcoin.
http://bitcoincharts.com/charts/bitomatPLN#czsg2011-03-07zeg2011-06-08ztgSzm1g10zm2g25zvzl about 20PLN left to the top XD.
Awesome!
BTC went for over $50 on e-bay for example.
… we only look at mtgox, because of the higher volume and its long history. ebay is a shitty example, because the chargebacks are priced in.also, FYI, your ignore button starts to light up …
Historic moment Let the rallying begin! $32.98 last traded on gox
Let the rallying begin! $32.98 last traded on gox 
but instead of tryng to change history. talk to some people that were actually around when the events occurred.
https://bitcointalksearch.org/topic/m.436019 for example
the price ACTUALLY reached that price. it wasn't a graph glitch, it actually happened. but the reason it happened and got so high was because of a speculated ramp.. no bases on any value or reason to be that high.. but it still happened.
Um, I was around that time. As were many others. If the price had reached $35 I think I'd know it.https://bitcointalksearch.org/topic/m.436019 for example
the price ACTUALLY reached that price. it wasn't a graph glitch, it actually happened. but the reason it happened and got so high was because of a speculated ramp.. no bases on any value or reason to be that high.. but it still happened.
I'd trust bitcoincharts.com over blockchain.info anytime. My leading guess is that blockchain.info includes data from other exchanges, where the volume was too low for the value to be meaningful.
BTC#1
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