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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30364. (Read 26713448 times)

hero member
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hero member
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legendary
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1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
A thought occurs to me. How does Goat's Lambo stack up against Rassah's Prius in terms of bitcoins spent?

I checked. Nearly 1000 for the Prius, 216 for the Lambo.

Both still cheaper than pizza.
hero member
Activity: 574
Merit: 500
Has anyone figured out why the price goes up on Friday afternoons and Saturdays and goes down on Sundays?

God is angry because you're looking at Bitcoin charts instead of telling him how wonderful he is.

http://www.reddit.com/r/Bitcoin/comments/1v2vr7/bitellcom_reports_that_some_chinese_bank_has/

so opposite FUD monday is here, haven't read it .. let me delve into this tidbit

the main title lead me to believe that there is no prohibition on banks in China

seems like a weibo post similarly styled to the damned initial bank fud that lead to the crash in December...can't wait for sources or confirmation as this would lower the fears that Huobi closed the public bank account in fear, this would mean they switched to the better channel.

edit: and yet huobi starts to dump, so I am guessing the last manipulation move of the weekend.
legendary
Activity: 2674
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1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
A thought occurs to me. How does Goat's Lambo stack up against Rassah's Prius in terms of bitcoins spent?
legendary
Activity: 2674
Merit: 2373
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
I wanted to spend some bitcoins at overstock but hrmm... Maybe I'll look again later in the week.
legendary
Activity: 2674
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1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
I wish these companies accepting bitcoin would give customers a percentage off when using bitcoin. They are saving fees from their regular payment processors and paypal etc, so why not pass some savings to the customer. Then there would not be this talk of these companies not having a positive impact on bitcoin. I know they are essentially spreading the word, but has anyone bought bitcoin for the first time just to buy from these companies that accept bitcoin?

This is a key reason to buy the rumor, sell the news. You never know how short the peak will be once news like this is out, as we have seen.

Price would have skyrocketed if there was a link on the homepage to accepting BTC with info about it. Then purchasing your first BTC at coinbase with commission to overstock for sales.

Overstock should sell the bitcoins for $$$ too Smiley
legendary
Activity: 2674
Merit: 2373
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
Has anyone figured out why the price goes up on Friday afternoons and Saturdays and goes down on Sundays?

God is angry because you're looking at Bitcoin charts instead of telling him how wonderful he is.
hero member
Activity: 574
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5050 broke on Huobi. Let's see if this goes anywhere....

I want to hit a triple bottom already so we can finally have the TA'rs seeing choo choo
legendary
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1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

You are a stupid person and have missed the point.

I looked through the coinbase faq and apparently you can keep a percentage of the payment back as bitcoins. Does anyone know if overstock is doing any of that are they going for a 100% conversion?
sr. member
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And a negative news report on a Chinese state business news channel telling the world about all the people who've lost money through the recent correction. I assume the state news didn't remind people that they were the cause of it.

Lol.  What's sad is the only thing really standing in Bitcoin's way is the government.

Actually, that's kind of exciting in a choo-choo kinda way.

Did my observation give you a raging choo choo?
hero member
Activity: 826
Merit: 508
5050 broke on Huobi. Let's see if this goes anywhere....

Edit: 5000 broke, testing 4950.
legendary
Activity: 2674
Merit: 2373
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
And a negative news report on a Chinese state business news channel telling the world about all the people who've lost money through the recent correction. I assume the state news didn't remind people that they were the cause of it.

Lol.  What's sad is the only thing really standing in Bitcoin's way is the government.

Actually, that's kind of exciting in a choo-choo kinda way.
legendary
Activity: 2674
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1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
velocity of money (number of times each unit turns over on average during the period in question)
Doesn't this equation assume that all payments are made by exchanging the actual currency (banknotes in the case of dollars, blockchain transaction for BTC)?

How does one define V when most dollar payments are made by moving numbers from one bank ledger to another?  Wouldn't the same issue arise with BTC?

(Sorry for the stupid question, but when BTC are traded at an exchange, is each transaction immediately realized on the blockchain, or are transactions tracked in internal accounts, to be combined and realized at a later time?)

V can be read from the blockchain.

Er, sorry again, what is V now for bitcoins? How is it expected to change as PQ increases?

It's important to remember that money is just tokens as a claim on resources. Though it is more rightly viewed as just a commodity.

Either way, the map is not the territory. It's very easy with economics to view one small part of economic activity and generalize it the the whole when that simply doesn't work well. Money doesn't just go from A to B, it has meaning and what goes from B to A and what A does with it is much more important. This is why government can't just spend a bunch of money and magic us out of a recession.
newbie
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BTC-E getting ddos'ed
hero member
Activity: 728
Merit: 500
The orderbooks at gox and stamp have morphed drastically since the huobi incident. They look like the age of Karhu now.
hero member
Activity: 700
Merit: 500
I wish these companies accepting bitcoin would give customers a percentage off when using bitcoin. They are saving fees from their regular payment processors and paypal etc, so why not pass some savings to the customer. Then there would not be this talk of these companies not having a positive impact on bitcoin. I know they are essentially spreading the word, but has anyone bought bitcoin for the first time just to buy from these companies that accept bitcoin?

This is a key reason to buy the rumor, sell the news. You never know how short the peak will be once news like this is out, as we have seen.

Price would have skyrocketed if there was a link on the homepage to accepting BTC with info about it. Then purchasing your first BTC at coinbase with commission to overstock for sales.
legendary
Activity: 1792
Merit: 1047
Has anyone figured out why the price goes up on Friday afternoons and Saturdays and goes down on Sundays?

Normal Markets close and those who are addicted to day trading have turned to bitcoin and crypto.
legendary
Activity: 2380
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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