Explanation
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29411. (Read 26609407 times)
February 22, 2014, 02:03:04 AM
February 22, 2014, 02:01:51 AM
I guess the next question is whether $91.5 will hold otherwise you can put those double bottom pictures away.
Ain't the fucker dead yet (ref. MG, not MK, albeit...)?
February 22, 2014, 02:01:34 AM
I was gonna post that joking 'single digits by Friday' lament, but decided it wouldn't be in good taste.
February 22, 2014, 02:00:17 AM
Case study: Ukraine currency just fell 10% vs the dollar in 3 months and it is expected to fall even further.
So almost overnight because of your government you lose 10% of your life savings. That is robbery and another reason why we need Bitcoin and it will succed.
Any comments on this news Jorge ?
So almost overnight because of your government you lose 10% of your life savings. That is robbery and another reason why we need Bitcoin and it will succed.
Any comments on this news Jorge ?
Funny how all the banks are so busy writing statements about the dangers of using Bitcoin.
February 22, 2014, 01:59:13 AM
Case study: Ukraine currency just fell 10% vs the dollar in 3 months and it is expected to fall even further.
So almost overnight because of your government you lose 10% of your life savings. That is robbery and another reason why we need Bitcoin and it will succed.
Any comments on this news Jorge ?
So almost overnight because of your government you lose 10% of your life savings. That is robbery and another reason why we need Bitcoin and it will succed.
Any comments on this news Jorge ?
Funny how all the banks are so busy writing statements about the dangers of using Bitcoin.
February 22, 2014, 01:58:14 AM
I see that MtSux is mud crawling again. Looks like Huobi and gox started down at about the same time. Curious. I've wondered (prepare tinfoil hats) if arb from gox to a Chinese exchange would be easier than gox to a western exchange.
The western exchanges aren't completely convinced. Interesting times indeed.
The western exchanges aren't completely convinced. Interesting times indeed.
February 22, 2014, 01:53:15 AM
So explain to me why people are selling at 100 when they could sell for 200-250$ on bitcoinbuilder?
They just don't know...?
They just don't know...?
Some don't know and others may not trust bitcoinbuilder.
Surely such a huge premium is worth testing the waters with even with just 1 coin at first.
February 22, 2014, 01:52:14 AM
So explain to me why people are selling at 100 when they could sell for 200-250$ on bitcoinbuilder?
They just don't know...?
They just don't know...?
Some don't know and others may not trust bitcoinbuilder.
February 22, 2014, 01:51:18 AM
So explain to me why people are selling at 100 when they could sell for 200-250$ on bitcoinbuilder?
They just don't know...?
They just don't know...?
February 22, 2014, 01:50:34 AM
Other exchanges be strong!!!! I beg you!!!! 
February 22, 2014, 01:49:38 AM
Double bottom forming. Prepare the pictures guys...
February 22, 2014, 01:49:34 AM
Let's panic sell on Stamp because a non functioning exchange goes down.
What exactly will it take for the people on Stamp to stop following Gox?
What exactly will it take for the people on Stamp to stop following Gox?
February 22, 2014, 01:48:14 AM
$100 gone. PANIC.
February 22, 2014, 01:47:15 AM
dude is there like ANYONE in the world who will sell me BTC for $100???>>> I WILL BUY!!!LOL =) WEEEEEEEEE
Welcome to the line. You can buy goxBTC not realBTC.
February 22, 2014, 01:45:35 AM
dude is there like ANYONE in the world who will sell me BTC for $100???>>> I WILL BUY!!!LOL =) WEEEEEEEEE
February 22, 2014, 01:42:37 AM
True story: This week there was a trader's expo/conference in NYC. About 1000 people in the room listening to a speaker. He asked for a show of hands, how many people there had ever bought a bitcoin. One hand.
February 22, 2014, 01:40:57 AM
Case study: Ukraine currency just fell 10% vs the dollar in 3 months and it is expected to fall even further.
So almost overnight because of your government you lose 10% of your life savings. That is robbery and another reason why we need Bitcoin and it will succed.
Any comments on this news Jorge ?
So almost overnight because of your government you lose 10% of your life savings. That is robbery and another reason why we need Bitcoin and it will succed.
Any comments on this news Jorge ?
February 22, 2014, 01:38:54 AM
Uh oh...alert from Goxland...looks like we are retesting the $100 threshold...big psychological barrier if that falls (again) I suspect.
Getting awfully close to 100 now. Gonna be an interesting weekend
February 22, 2014, 01:28:48 AM
As I said before, I do not like gambling, even when the odds seem favorable.
When the odds seem favorable it's no longer gambling at least that's my definition. I know people who still insist 99% chance of winning is still gambling. 
Where is your cut-off between an investment and a gamble, Jorge? Is investing in a tech company a gamble? What about a high-quality corporate bond? You could lose all of your capital in either case, right?
The reality is that all investment is a gamble, and there is a continuum of expected returns and expected variance. The question is simply how much variance are you willing to risk? Answer that and then build a portfolio that you expect to give the best return subject to your variance constraint.
Bitcoin is volatile--for sure. But by using leverage and put/call options, I could build you a stock fund of equal variance. However, there is no question in my mind which portfolio would have the larger expected return. Obviously you disagree.
Similarly, I could build another fund with 10% in bitcoin and 90% in US treasuries. The variance of this fund would be better than most blue chip stocks (it would be very unlikely for this fund to ever lose 10% of its value), yet the upside could easily be 25% per year on average.
February 22, 2014, 01:09:50 AM
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