Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33254. (Read 26498408 times)
June 07, 2013, 04:34:36 PM
Volume is tapering off as we have come to expect leading into the weekend. I've drawn support and resistance lines but the volatility today has cleared out the large bid and ask walls that would otherwise channel the price.
June 07, 2013, 04:32:46 PM
off topic: I remember seeing a "recommended fees" table somewhere online, does anyone know of this, can anyone send me a link?
on topic: if you zoom in on bitstamp, the bid walls look nice and healthy now.... just don't zoom out far enough to see those patient 130 ask walls...
on topic: if you zoom in on bitstamp, the bid walls look nice and healthy now.... just don't zoom out far enough to see those patient 130 ask walls...
Patience is a virtue, those Askers have little. Once the price starts declining again, we're going to see a lot more dumping...
June 07, 2013, 04:05:40 PM
off topic: I remember seeing a "recommended fees" table somewhere online, does anyone know of this, can anyone send me a link?
on topic: if you zoom in on bitstamp, the bid walls look nice and healthy now.... just don't zoom out far enough to see those patient 130 ask walls...
on topic: if you zoom in on bitstamp, the bid walls look nice and healthy now.... just don't zoom out far enough to see those patient 130 ask walls...
June 07, 2013, 04:05:03 PM
Do I have to remind you guys that keeping coins and not spending them means you're killing it as a currency?
Yes, that is true in Paul Krugman's socialist keynesian wet dream.
In the real world we call it "using buzzwords (like 'hoarders') to demonize responsible saving."
Nobody ever has any legit data to back up their assumption that there is this huge number of people who hoard BTCs and never spend them. Although if you look at tx volume, you'd easily see that the ratio of spent coins to hoarded coins is much higher than with the USD OR precious metals. The second we say "Oh, but I do spend my coins" the 'anti-hoarder' crowd backs off - "Oh, well that's ok, you're a spender, you're benefiting the currency."
So what is the magical ratio of spend to saved coins you must reach before being considered a hoarder, and how can we empirically justify this ratio? No one has ever answered me this question, and I ask it every single time someone demonizes saving by implying that it "kills bitcoin."
People hoarded gold and silver and they were used as currencies for millenia. Thousands of years. Go read Fekete's papers on monetary theory you will shit your pants when you read what he has to say about hoarding
I use a toilet for that... u know... toilet!!!!!!
I know pretty well I stirred a bitbee nest by saying that but don't forget.
Greed will destroy every dream no matter how beautifull it is , and currently bitcoin is driven by greed.
Unlike many others on forum , I haven't put all my hopes of a wealthy future in bitcoins succes, and thus I can keep a cooler head than most people here.
You're overgeneralizing, you don't know how many people are in it just for their own personal greed and I think you are just guessing based on your biased gut feeling. Bitcoin is driven by many things, and yes greed is a part of that too just like with all innovative technologies. But I think you're underestimating the amount of people who truly care about bitcoin as a technology that could revolutionize our monetary system. I am quite heavily invested into bitcoin, but I'm not at all counting on becoming rich because of it. If that happens to be the case, cool. But most importantly I think a decentralized cryptocurrency is what this world needs right now in the midst of all the economic turmoil.
June 07, 2013, 04:01:09 PM
June 07, 2013, 03:57:36 PM
June 07, 2013, 03:47:43 PM
This little bounce does't really convince me.
There is solid offer volume but the bid is touching the vertex with a fragile thin spike. I think in days to come we might slowly go down like we have been the last couple of weeks.
Today, in the afternoon there was a handful of bitcoin related good news, looks like many companies are discretely preparing to get in, things might take off like we all wish, but when?
Do we kill the boredom with the good old prediction about 2013 closing price? 350usd is my bet.
There is solid offer volume but the bid is touching the vertex with a fragile thin spike. I think in days to come we might slowly go down like we have been the last couple of weeks.
Today, in the afternoon there was a handful of bitcoin related good news, looks like many companies are discretely preparing to get in, things might take off like we all wish, but when?
Do we kill the boredom with the good old prediction about 2013 closing price? 350usd is my bet.
June 07, 2013, 03:42:53 PM
Do I have to remind you guys that keeping coins and not spending them means you're killing it as a currency?
Yes, that is true in Paul Krugman's socialist keynesian wet dream.
In the real world we call it "using buzzwords (like 'hoarders') to demonize responsible saving."
Nobody ever has any legit data to back up their assumption that there is this huge number of people who hoard BTCs and never spend them. Although if you look at tx volume, you'd easily see that the ratio of spent coins to hoarded coins is much higher than with the USD OR precious metals. The second we say "Oh, but I do spend my coins" the 'anti-hoarder' crowd backs off - "Oh, well that's ok, you're a spender, you're benefiting the currency."
So what is the magical ratio of spend to saved coins you must reach before being considered a hoarder, and how can we empirically justify this ratio? No one has ever answered me this question, and I ask it every single time someone demonizes saving by implying that it "kills bitcoin."
People hoarded gold and silver and they were used as currencies for millenia. Thousands of years. Go read Fekete's papers on monetary theory you will shit your pants when you read what he has to say about hoarding
I use a toilet for that... u know... toilet!!!!!!
I know pretty well I stirred a bitbee nest by saying that but don't forget.
Greed will destroy every dream no matter how beautifull it is , and currently bitcoin is driven by greed.
Unlike many others on forum , I haven't put all my hopes of a wealthy future in bitcoins succes, and thus I can keep a cooler head than most people here.
June 07, 2013, 03:34:34 PM
Do I have to remind you guys that keeping coins and not spending them means you're killing it as a currency?
Yes, that is true in Paul Krugman's socialist keynesian wet dream.
In the real world we call it "using buzzwords (like 'hoarders') to demonize responsible saving."
Nobody ever has any legit data to back up their assumption that there is this huge number of people who hoard BTCs and never spend them. Although if you look at tx volume, you'd easily see that the ratio of spent coins to hoarded coins is much higher than with the USD OR precious metals, which is a good thing, so what the heck are we still complaining about? The second we say "Oh, but I do spend my coins" the 'anti-hoarder' crowd backs off - "Oh, well that's ok, you're a spender, you're benefiting the currency."
So what is the magical ratio of spend to saved coins you must reach before being considered a hoarder, and how can we empirically justify this ratio? No one has ever answered me this question, and I ask it every single time someone demonizes saving by implying that it "kills bitcoin."
People hoarded gold and silver and they were used as currencies for millenia. Thousands of years. Go read Fekete's papers on monetary theory you will shit your pants when you read what he has to say about the role of hoarding
It reminds me of the people who say "bitcoin is riding on silk road" (newest reincarnation: lucas.sev.) No matter how many times you roll your eyes they keep coming back and repeating the same old shtick, as if repeating it a hundred times will make it true.
June 07, 2013, 03:34:03 PM
Tomorrow the bulls will come and say higher lows at 106.15 
June 07, 2013, 03:29:24 PM
June 07, 2013, 03:24:28 PM
4, 8, 15...
June 07, 2013, 03:18:08 PM
June 07, 2013, 03:14:35 PM
June 07, 2013, 03:11:01 PM
8.50000?
June 07, 2013, 03:05:18 PM
Hoarding is just another word for "saving"...Something more people with traditional fiat should do.
+1
June 07, 2013, 03:01:43 PM
June 07, 2013, 03:00:55 PM
Do I have to remind you guys that keeping coins and not spending them means you're killing it as a currency?
But , again everbody is free to believe one day he's gonna be rich from bitcoins.
Glad I don't have this problem
But , again everbody is free to believe one day he's gonna be rich from bitcoins.
Glad I don't have this problem
And BTW, i spend them too. And I donate to BTC causes too. It's just that my stash tends to increase instead of decreasing, is that bad in your opinion?
That part of course not.
But too many people just hoard bitcoins and when they indeed have the pos. to spend them they chose cash because ... bitcoins value is going to skyrocket.
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