Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27094. (Read 26710492 times)
June 21, 2014, 04:24:46 PM
Holy shit 120 billion hashrate now
June 21, 2014, 04:00:50 PM
June 21, 2014, 03:19:54 PM
You guys seen this ? https://www.betmoose.com/bet/silkroad-coins-will-be-sold-above-market-value
I wonder how that bet will be settled. The USMS will not publish the outcome of the auctions, and other people (winners, losers, and those who choose not to bid) may have strong motivation to lie about it, in any sense.Good point Jorge good point... although I would not put it past the USM somehow accidentally sending e-mails out to everyone on their address book with all the auction winning bids
One of the core reasons (next to counter party risk) why I won't participate on either side of the bet.
June 21, 2014, 03:04:10 PM
June 21, 2014, 03:00:51 PM
June 21, 2014, 02:58:19 PM
You guys seen this ? https://www.betmoose.com/bet/silkroad-coins-will-be-sold-above-market-value
I wonder how that bet will be settled. The USMS will not publish the outcome of the auctions, and other people (winners, losers, and those who choose not to bid) may have strong motivation to lie about it, in any sense.Good point Jorge good point... although I would not put it past the USM somehow accidentally sending e-mails out to everyone on their address book with all the auction winning bids
June 21, 2014, 02:50:17 PM
You guys seen this ? https://www.betmoose.com/bet/silkroad-coins-will-be-sold-above-market-value
I wonder how that bet will be settled. The USMS will not publish the outcome of the auctions, and other people (winners, losers, and those who choose not to bid) may have strong motivation to lie about it, in any sense. June 21, 2014, 02:18:19 PM
You guys seen this ? https://www.betmoose.com/bet/silkroad-coins-will-be-sold-above-market-value
I said this sell off had bear trap written all over it!Also... if you think the answer is no, you could double your BTC or triple your btc if it turns out you are correct, but then that would mean that none of the class A blocks sells over market price on the day. Hardly any volume on the bet either but still at 0.01 BTC you get 287.5% ROI! put a whole coin down and you would double it.. so for those of you certain that all the blocks will go under market- a good bet!
June 21, 2014, 02:15:04 PM
Anyone have an ideas on why bitcoin is so polarizing? Either you love it or you hate it, not many are in between.
Well, either it will "go to the Moon" (i.e. its price will get much higher than now, and keep rising at least 
I wrote "at least"
Of course there is somewhere between the two extremes.
I think that Erik Vorhees himself said that bitcoin was an all-or-nothing thing to Bloomberg; I recall that from a video on YouTube. The argument being, I suppose, that if the price (purchasing power, more precisely) stops increasing, or the increase slows down to less than 5-10% per year, investors will dump their bitcoin holdings to invest in more profitable items, like stock or real estate. Then there will be massive devaluation and volatility, etc., and eventually loss of utility as a payment medium. Since it pays no dividends and has no backing assets, an ever-increasing purchasing power is necessary to keep bitcoin attractive to long-term investors.
It could just cater to a niche instead of the entire global payment system (yes I think it;s way more likely world wide adoption occurs).
June 21, 2014, 02:05:06 PM
You guys seen this ? https://www.betmoose.com/bet/silkroad-coins-will-be-sold-above-market-value
I said this sell off had bear trap written all over it! June 21, 2014, 02:02:51 PM
Anyone have an ideas on why bitcoin is so polarizing? Either you love it or you hate it, not many are in between.
Well, either it will "go to the Moon" (i.e. its price will get much higher than now, and keep rising at least I wrote "at least"
Of course there is somewhere between the two extremes.
I think that Erik Vorhees himself said that bitcoin was an all-or-nothing thing to Bloomberg; I recall that from a video on YouTube. The argument being, I suppose, that if the price (purchasing power, more precisely) stops increasing, or the increase slows down to less than 5-10% per year, investors will dump their bitcoin holdings to invest in more profitable items, like stock or real estate. Then there will be massive devaluation and volatility, etc., and eventually loss of utility as a payment medium. Since it pays no dividends and has no backing assets, an ever-increasing purchasing power is necessary to keep bitcoin attractive to long-term investors.
June 21, 2014, 02:02:03 PM
June 21, 2014, 01:34:54 PM
You guys seen this ? https://www.betmoose.com/bet/silkroad-coins-will-be-sold-above-market-value
June 21, 2014, 01:17:29 PM
Bitfinex USD swap demand up to $8.5 million (at 0.19-0.2%/day), and there is another $5 million at 0.1% - 0.18% day.
June 21, 2014, 01:01:15 PM
i think it could be quite some time before that case is dealt with, and before those coins could be auctioned. surely, the 144K will appear quite large, but hopefully by then, there will be lots of players waiting to get in off-exchange, slippage-free.
You seem to be assuming that the 144k auction is going to take place after the next bubble. Generally, I agree with the probability of that assumption being quite high, but in either case, the auctioning of the 144k btc will likely have a considerable affect on the price of bitcoin... and likely cause the availability of cheap coins. On the other hand, going through this auction of 30K BTC once, is likely going to make less uncertainty when the 144K auction comes.
June 21, 2014, 01:00:52 PM
June 21, 2014, 01:00:07 PM
Being a HODLER has many advantages like no need to submit yourself to exchange risks and no need to wreck your brain and invest time into deciding when to sell and when to buy back. The disadvantage however is that you may spend a lot of time underwater or lose your entire investment one day if Bitcoin fails. But these people don't care as it's either all or nothing for them, and that's also a perfectly valid strategy if you ask me.
There's an implied advantage that you've hinted at here without bringing up specifically. If one does not need to devote time daytrading, then that time can be used for other things.Regardless of whether Bitcoin succeeds or fails the entire investment is not lost, because the investment consists of Bitcoins plus whatever else was done with the time that was not used for daytrading.
Valid point, but there's this recurring theme on this forum that you're either a "holder", or daytrader.
There's obvious a huge spectrum in between those two sides, both in number of trades on average, and time commitment.
June 21, 2014, 12:55:52 PM
Lets just keep agreeing on infinite rise and saying how everyone is clever and good. Much adoption, such future, many volume, no bubble because we all experts.
Lets just keep saying that we are all stupid and the price is going to zero, that we do not believe in bitcoin and think it will fail and that the adoption going on by more and more entities is not really happening and pretend we know fuck all.
oh and continue to frequent Bitcoin forums of course - makes a lot of sense
June 21, 2014, 12:51:00 PM
Lets just keep agreeing on infinite rise and saying how everyone is clever and good. Much adoption, such future, many volume, no bubble because we all experts.
June 21, 2014, 12:47:40 PM
Being a HODLER has many advantages like no need to submit yourself to exchange risks and no need to wreck your brain and invest time into deciding when to sell and when to buy back. The disadvantage however is that you may spend a lot of time underwater or lose your entire investment one day if Bitcoin fails. But these people don't care as it's either all or nothing for them, and that's also a perfectly valid strategy if you ask me.
There's an implied advantage that you've hinted at here without bringing up specifically. If one does not need to devote time daytrading, then that time can be used for other things.Regardless of whether Bitcoin succeeds or fails the entire investment is not lost, because the investment consists of Bitcoins plus whatever else was done with the time that was not used for daytrading.
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