This is my favorite Bitcoinity feature:
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32631. (Read 26629191 times)
September 05, 2013, 12:53:30 PM
Used to use clarkmoody all the time, until it started dropping connection as soon as things got interesting.
This is my favorite Bitcoinity feature:
This is my favorite Bitcoinity feature:
September 05, 2013, 12:52:41 PM
a sign of the inflation (maybe hyperinflation) to come?
no, LOL. This is a sign of deflation. An upward rate decreases pool of prospective buyers for many assets, forcing holders to sell at lower price.
the increase is foreshadowing inflation.
but i agree with you, this will make a lot of money leave the markets...
this is not good of for the US economy.
time for more QE?
I agree inflation will follow deflation, but neither you nor I have any clue how long deflation will last. Could be weeks, months or years.
Obama just re-affirmed QE-Tapering.... http://www.zerohedge.com/news/2013-09-05/did-obama-just-appoint-himself-fed-chair
Probably not so good for bitcoin
September 05, 2013, 12:51:05 PM
a sign of the inflation (maybe hyperinflation) to come?
no, LOL. This is a sign of deflation. An upward rate decreases pool of prospective buyers for many assets, forcing holders to sell at lower price.
the increase is foreshadowing inflation.
but i agree with you, this will make a lot of money leave the markets...
this is not good of for the US economy.
time for more QE?
September 05, 2013, 12:48:08 PM
I'm not sure why people believe that Gox is going bust though. 0.6% of every transaction from both parties has to add up to a small mountain of cash/BTC, definitely more than they could ever have made from Magic the Gathering cards, that's for sure. They may have lost a lot of cash with the Dwolla incident but I'd expect that they can afford it.
Excellent point MickeyT2008 - I never thought of that.
Bitcoinity does BTC-e
http://bitcoinity.org/markets/btce/USD
September 05, 2013, 12:40:14 PM
I'm not sure why people believe that Gox is going bust though. 0.6% of every transaction from both parties has to add up to a small mountain of cash/BTC, definitely more than they could ever have made from Magic the Gathering cards, that's for sure. They may have lost a lot of cash with the Dwolla incident but I'd expect that they can afford it.
Excellent point MickeyT2008 - I never thought of that.
Bitcoinity does BTC-e
http://bitcoinity.org/markets/btce/USD
September 05, 2013, 12:39:50 PM
a sign of the inflation (maybe hyperinflation) to come?
no, LOL. This is a sign of deflation. An upward rate decreases pool of prospective buyers for many assets, forcing asset-holders to sell at lower price.
September 05, 2013, 12:38:28 PM
I'm not sure why people believe that Gox is going bust though. 0.6% of every transaction from both parties has to add up to a small mountain of cash/BTC, definitely more than they could ever have made from Magic the Gathering cards, that's for sure. They may have lost a lot of cash with the Dwolla incident but I'd expect that they can afford it.
Excellent point MickeyT2008 - I never thought of that.
September 05, 2013, 12:35:55 PM
a sign of the inflation (maybe hyperinflation) to come?
September 05, 2013, 12:35:01 PM
2.99%
almost.
September 05, 2013, 12:26:44 PM
September 05, 2013, 12:24:59 PM
I'm not sure why people believe that Gox is going bust though. 0.6% of every transaction from both parties has to add up to a small mountain of cash/BTC, definitely more than they could ever have made from Magic the Gathering cards, that's for sure. They may have lost a lot of cash with the Dwolla incident but I'd expect that they can afford it.
Excellent point MickeyT2008 - I never thought of that.
September 05, 2013, 12:22:02 PM
Hey MBP, do you have an updated chart perchance? I loved your take on things.
Hey Cablez, sorry I missed this.
No I haven't but I may as well do one seeing as you ask
September 05, 2013, 12:21:51 PM
Nightowlace is a well respected member of the community
+1I might not write on this thread very often but I've been following it since about page 150 and have read plenty of his posts, I couldn't agree with you more.
Seriously! How does one become a well reprective member of this community after only having registered in April, 2013, and considering the following, which just so happens to coincide with the topic on hand?
So I have been selling my Casascius Coins on ebay and today I get a notice from paypal that my account has been placed on "limited activity" until I provide proof of my business intentions, my AML policy (anti money laundering) and other such documents that I do not have and will never be able to provide. So I am stuck on hold with about $5,000 locked up until someone decides that Casascius Coins are "collectible coins" as I have stated and they are from my own personal collection and I am not acting on behalf of any company. Or until they decide that I am actually acting as a Money Service Business in which case I will be locked down until I can provide all of the required documents.
I honestly can not wait until Bitcoin is they preferred way to pay for transactions.
I honestly can not wait until Bitcoin is they preferred way to pay for transactions.
Faith based on talking.
September 05, 2013, 12:20:14 PM
I'm not sure why people believe that Gox is going bust though. 0.6% of every transaction from both parties has to add up to a small mountain of cash/BTC, definitely more than they could ever have made from Magic the Gathering cards, that's for sure. They may have lost a lot of cash with the Dwolla incident but I'd expect that they can afford it.
September 05, 2013, 12:11:30 PM
what do you all make of this dead cat bounce, are we going down again or up?
The whole downturn was triggered by two 5k-6k dumps while the climb back up was accomplished through many small trades on moderate volume.
I think it's too early to call it either a dead cat bounce or a bear trap.
September 05, 2013, 12:06:17 PM
When I got the voicemail that was my first concern. I assumed this was a follow up to the locking oft PayPal account and funds being held. I called my friend who introduced me to PayPal in late 2011. I told him that I didn't know if I felt comfortable with making a call like this to discuss a matter that had been settled. He said a call wouldn't hurt.
What do you mean by that? That you didn't know what paypal is before late 2011? Or?
I don't know, edccdn.com registered privately at godaddy, 2 links in, alexa rank 18.000.000 with 3 recipes and a biotcoin article.
Can somebody from US please call them or at least ask at facebook or twitter.
Haha typo I meant Bitcoin!
September 05, 2013, 12:01:58 PM
September 05, 2013, 11:55:50 AM
I bet gox is in this. They are trading in their own exchange for max short term profit, because they are in deep shit with our fucked up regulations.
September 05, 2013, 11:46:20 AM
what do you all make of this dead cat bounce, are we going down again or up?
The whole downturn was triggered by two 5k-6k dumps while the climb back up was accomplished through many small trades on moderate volume.
I think it's too early to call it either a dead cat bounce or a bear trap.
I believe this is essentially correct. A big part of me wonders why a whale would suddenly want to sell so much on Gox. Either they're comfortable sitting with the site long term, or they got an inside deal on the withdrawal track, or they just got antsy with 3 days of plateau. The reality is, many people are still sitting in Gox while it acts out (what could potentially be) a swan song. Over time, I doubt many traders will be comfortable with sitting in fiat there.
TL;DR - as long as the fiat withdrawal situation is unresolved, there will be tremendous bitcoin buy pressure born of frustration. The real danger is when it bubbles over a price point where people think it can't be comfortably sustained.
September 05, 2013, 11:37:08 AM
Not that it matters, but to be clear, I am a Critical Marxist.
Which means I don't play fair.
Taking into account that, among other many things, the very meaning of the world capitalism (=private ownership of means of production) was defined by Marx in "The Capital", its simply a shame that almost nobody under 50 has read that work. You really cannot understand the history of the last 200 years without having read it.
I have read it.
And Marxism, and Capitalism have moved on.
So... You are a capitalist marxist? Wow, that would be a nice evolution indeed
In the best tradition of Milton Friedman. The grand architect of modern central planning.
Wow, I could write 10 posts about this, but lets respect the other folks as this is heavily OT. We should start a thread perhaps. Let me just tell you that Marx would probably profoundly despise Friedman (and all New Keynesianism, BTW) if he'd be alive. You just cannot believe in a "better" or "heathy" capitalism if you think Marx's analysis is correct. And its a matter of fact that nobody did such a big favor to capitalism as New Keynesianists like Friedman.
Back on topic: I really cannot see where the market is going ATM. Until Gox solves his problems, the spread between exchanges goes back to normal, and people can normally receive their fiat, any kind of technical analysis is just pointless IMO.
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