when I go to sleep I expect a 20% gain by the time I wake up
I am very disappointed in you guys
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31613. (Read 26731221 times)
November 30, 2013, 12:43:20 PM
November 30, 2013, 12:28:41 PM
Oh my god we've been in a $100 range for over 24 hours, what is HAPPENING!
November 30, 2013, 12:26:17 PM
A certain regular contributor to here has two 'attack threads' about him set up - WTF?!
I think it's the last phase before: "...then you win". Oh well
I'll show you how it's done!!!!
Everybody out!!!! This boat is sinking! This train is crashing! This rocket is falling!
There! You should try it!
November 30, 2013, 12:06:26 PM
British Island Wants to Make Physical Bitcoins with UK Royal Mint Deal
http://www.coindesk.com/british-island-physical-bitcoins-uk-royal-mint/
http://www.coindesk.com/british-island-physical-bitcoins-uk-royal-mint/
They are made of gold so when the price collapses you can melt it down to recover some of the investment.
I find this not the least but ironic.
Not sure but it does sound bizarre. The original Financial Times article might give more details but it's behind a paywall... anybody have access?
It says an independent company would hold the coins' private keys in escrow ready to be exchanged by paying a visit to the island. Can anyone else see the problem with this? Doesn't this open the door to fractional reserve? What's to stop them issuing more coins than they have keys?
Paying a visit to Alderney is not exactly easy....! Seems daft the Bitcoin will probably be worth more than the coin, but you need to turn up in person to a tiny Island in the English Channel to redeem the Bitcoin part of it. Odd. Not very 'digital' is it!
Nope. I'm from the UK and can say I've never been to Alderney, and I can't imagine going there to exchange a bitcoin.
What a bizarre concept.
Interestingly, Alderney grants sports-betting licenses to off-shore books. Pinnaclesports.com, the market leader, has a license from them.
November 30, 2013, 12:05:11 PM
British Island Wants to Make Physical Bitcoins with UK Royal Mint Deal
http://www.coindesk.com/british-island-physical-bitcoins-uk-royal-mint/
http://www.coindesk.com/british-island-physical-bitcoins-uk-royal-mint/
They are made of gold so when the price collapses you can melt it down to recover some of the investment.
I find this not the least but ironic.
Not sure but it does sound bizarre. The original Financial Times article might give more details but it's behind a paywall... anybody have access?
It says an independent company would hold the coins' private keys in escrow ready to be exchanged by paying a visit to the island. Can anyone else see the problem with this? Doesn't this open the door to fractional reserve? What's to stop them issuing more coins than they have keys?
Paying a visit to Alderney is not exactly easy....! Seems daft the Bitcoin will probably be worth more than the coin, but you need to turn up in person to a tiny Island in the English Channel to redeem the Bitcoin part of it. Odd. Not very 'digital' is it!
Nope. I'm from the UK and can say I've never been to Alderney, and I can't imagine going there to exchange a bitcoin.
What a bizarre concept.
As of April 2013, the island has a population of 1,903 people - and no direct flights from the UK(you have to fly in via Guernsey or Jersey.
Imagine turning up in ten years time:
"Hi, I have come to redeem my Bitcoin, I understand it's held in your digital vault?"
"Ooh, digital vault - I can't remember where we put that, Sir. Er... hold on, better check at the post office see if they know about it... Bit coin, you say, eh? You're not from around here are you..."
November 30, 2013, 12:03:34 PM
November 30, 2013, 11:53:02 AM
British Island Wants to Make Physical Bitcoins with UK Royal Mint Deal
http://www.coindesk.com/british-island-physical-bitcoins-uk-royal-mint/
http://www.coindesk.com/british-island-physical-bitcoins-uk-royal-mint/
They are made of gold so when the price collapses you can melt it down to recover some of the investment.
I find this not the least but ironic.
Not sure but it does sound bizarre. The original Financial Times article might give more details but it's behind a paywall... anybody have access?
It says an independent company would hold the coins' private keys in escrow ready to be exchanged by paying a visit to the island. Can anyone else see the problem with this? Doesn't this open the door to fractional reserve? What's to stop them issuing more coins than they have keys?
Paying a visit to Alderney is not exactly easy....! Seems daft the Bitcoin will probably be worth more than the coin, but you need to turn up in person to a tiny Island in the English Channel to redeem the Bitcoin part of it. Odd. Not very 'digital' is it!
Nope. I'm from the UK and can say I've never been to Alderney, and I can't imagine going there to exchange a bitcoin.
What a bizarre concept.
November 30, 2013, 11:51:31 AM
British Island Wants to Make Physical Bitcoins with UK Royal Mint Deal
http://www.coindesk.com/british-island-physical-bitcoins-uk-royal-mint/
http://www.coindesk.com/british-island-physical-bitcoins-uk-royal-mint/
They are made of gold so when the price collapses you can melt it down to recover some of the investment.
I find this not the least but ironic.
Not sure but it does sound bizarre. The original Financial Times article might give more details but it's behind a paywall... anybody have access?
It says an independent company would hold the coins' private keys in escrow ready to be exchanged by paying a visit to the island. Can anyone else see the problem with this? Doesn't this open the door to fractional reserve? What's to stop them issuing more coins than they have keys?
Paying a visit to Alderney is not exactly easy....! Seems daft the Bitcoin will probably be worth more than the coin, but you need to turn up in person to a tiny Island in the English Channel to redeem the Bitcoin part of it. Odd. Not very 'digital' is it!
November 30, 2013, 11:43:55 AM
gox should have mentioned 0 fees earlier, the earliest i heard of this was today in an email from them (i guess like everybody else), one day after it's already started. if they had made it more public i expect there would have been massive fluctuations as people who want to get in would be that much more inclined to buy given that they would have gained an extra 0.6% btc, and the opposite goes for traders that want to get out (gaining 0.6% more fiat).
this is common sense, expect volatility
well ya bitcoin is unpredictable, so just because something should happen doesnt mean it will,
but do you agree with what im saying? lower fees means more profitable transactions, gives people more incentive to trade
I disagree because most trades are not people actually moving from fiat to btc or back. Most trades are traders and market makers.
Just compare trade volume with order book depletion. Much of the time, a new bid or ask is placed when a trade executes.
November 30, 2013, 11:43:09 AM
British Island Wants to Make Physical Bitcoins with UK Royal Mint Deal
http://www.coindesk.com/british-island-physical-bitcoins-uk-royal-mint/
http://www.coindesk.com/british-island-physical-bitcoins-uk-royal-mint/
They are made of gold so when the price collapses you can melt it down to recover some of the investment.
I find this not the least but ironic.
Not sure but it does sound bizarre. The original Financial Times article might give more details but it's behind a paywall... anybody have access?
It says an independent company would hold the coins' private keys in escrow ready to be exchanged by paying a visit to the island. Can anyone else see the problem with this? Doesn't this open the door to fractional reserve? What's to stop them issuing more coins than they have keys?
November 30, 2013, 11:40:20 AM
British Island Wants to Make Physical Bitcoins with UK Royal Mint Deal
http://www.coindesk.com/british-island-physical-bitcoins-uk-royal-mint/
http://www.coindesk.com/british-island-physical-bitcoins-uk-royal-mint/
They are made of gold so when the price collapses you can melt it down to recover some of the investment.
I find this not the least but ironic.
That you can later exchange for a bitcoin, if I understood correctly.
November 30, 2013, 11:37:24 AM
Volume is NOT gone down according to D1 graph.
Google Trends.
Ready for the next stair to heaven?
Google Trends.
Ready for the next stair to heaven?
November 30, 2013, 11:36:52 AM
British Island Wants to Make Physical Bitcoins with UK Royal Mint Deal
http://www.coindesk.com/british-island-physical-bitcoins-uk-royal-mint/
http://www.coindesk.com/british-island-physical-bitcoins-uk-royal-mint/
They are made of gold so when the price collapses you can melt it down to recover some of the investment.
I find this not the least but ironic.
November 30, 2013, 11:30:48 AM
British Island Wants to Make Physical Bitcoins with UK Royal Mint Deal
http://www.coindesk.com/british-island-physical-bitcoins-uk-royal-mint/
http://www.coindesk.com/british-island-physical-bitcoins-uk-royal-mint/
They are made of gold so when the price collapses you can melt it down to recover some of the investment.
I find this not the least but ironic.
November 30, 2013, 11:28:31 AM
British Island Wants to Make Physical Bitcoins with UK Royal Mint Deal
http://www.coindesk.com/british-island-physical-bitcoins-uk-royal-mint/
http://www.coindesk.com/british-island-physical-bitcoins-uk-royal-mint/
Quote
A tiny island in the English Channel, Alderney, wants to mint physical bitcoins as part of a larger campaign to become one of the world’s first financial services centers devoted to digital currency.
November 30, 2013, 11:28:05 AM
gox should have mentioned 0 fees earlier, the earliest i heard of this was today in an email from them (i guess like everybody else), one day after it's already started. if they had made it more public i expect there would have been massive fluctuations as people who want to get in would be that much more inclined to buy given that they would have gained an extra 0.6% btc, and the opposite goes for traders that want to get out (gaining 0.6% more fiat).
this is common sense, expect volatility
well ya bitcoin is unpredictable, so just because something should happen doesnt mean it will,
but do you agree with what im saying? lower fees means more profitable transactions, gives people more incentive to trade
November 30, 2013, 10:55:57 AM
I wonder if the 0% trading fees at the largest exchanges (china & gox) is contributing to this misleading stability.
wouldn't it be more likely to cause instability greater swing trade gains
Can you explain by what mechanism that could possibly work? My experience and several academic papers would disagree with you.
For example: http://m.rfs.oxfordjournals.org/content/25/11/3389.short
Quote
Competition among trading platforms has considerably reduced trading fees in stock markets. We show that this evolution is not necessarily beneficial to investors. Although they increase gains from trade when a trade happens, lower trading costs can induce investors to post limit orders with a smaller execution probability. In this case, gains from trade are realized less frequently and investors can be worse off.
In other words, lower fees leads to a full book and thus more stability.
I thought because it was a break..from them not necessarily permanently 0% trading fees you'd see more variance.. pretty much what we saw when the bots weren't configured for it, Thursday.
Gox that is
So if I understand correctly, you are saying that people will rush to trade since the fees will be going back up? There may be some truth to that, but the book will still be thicker, especially close to the price.
gox should have mentioned 0 fees earlier, the earliest i heard of this was today in an email from them (i guess like everybody else), one day after it's already started. if they had made it more public i expect there would have been massive fluctuations as people who want to get in would be that much more inclined to buy given that they would have gained an extra 0.6% btc, and the opposite goes for traders that want to get out (gaining 0.6% more fiat).
this is common sense, expect volatility
November 30, 2013, 10:45:54 AM
A certain regular contributor to here has two 'attack threads' about him set up - WTF?!
I think it's the last phase before: "...then you win". Oh well
I may not agree with all you say, but (to paraphrase Voltaire) I will of course defend your right to say it.
That of course logically applies to anyone who attacks what you say too, I am afraid.
This is a forum about Bitcoin, however, and so I found the personal aspect of those attacks offensive and unnecessary.
November 30, 2013, 10:44:54 AM
I wonder if the 0% trading fees at the largest exchanges (china & gox) is contributing to this misleading stability.
wouldn't it be more likely to cause instability greater swing trade gains
Can you explain by what mechanism that could possibly work? My experience and several academic papers would disagree with you.
For example: http://m.rfs.oxfordjournals.org/content/25/11/3389.short
Quote
Competition among trading platforms has considerably reduced trading fees in stock markets. We show that this evolution is not necessarily beneficial to investors. Although they increase gains from trade when a trade happens, lower trading costs can induce investors to post limit orders with a smaller execution probability. In this case, gains from trade are realized less frequently and investors can be worse off.
In other words, lower fees leads to a full book and thus more stability.
I thought because it was a break..from them not necessarily permanently 0% trading fees you'd see more variance.. pretty much what we saw when the bots weren't configured for it, Thursday.
Gox that is
So if I understand correctly, you are saying that people will rush to trade since the fees will be going back up? There may be some truth to that, but the book will still be thicker, especially close to the price.
gox should have mentioned 0 fees earlier, the earliest i heard of this was today in an email from them (i guess like everybody else), one day after it's already started. if they had made it more public i expect there would have been massive fluctuations as people who want to get in would be that much more inclined to buy given that they would have gained an extra 0.6% btc, and the opposite goes for traders that want to get out (gaining 0.6% more fiat).
this is common sense, expect volatility
November 30, 2013, 10:35:55 AM
A certain regular contributor to here has two 'attack threads' about him set up - WTF?!
I think it's the last phase before: "...then you win". Oh well
hang in there man and ignore that ad hominem garbage.
Your advice is sound. Although I remain a short, medium and long term bull, anyone who has done well with bitcoin would be foolish not to let a few coins go just for diversification, risk reduction and a small celebration!
On topic... I think its surprising how well the price has held up given bank holidays, bitcoin friday, and general holiday spending. Its an advantage of a worldwide market, local variances get smoothed out. We also saw this in a big way a few weeks ago when US and Europe "caught" the Chinese bubble pop.
Jump to: