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Topic: We can breath now. - page 4. (Read 6256 times)

hero member
Activity: 840
Merit: 1000
April 04, 2013, 02:23:01 PM
#12
Why would the stability of Bitcoins depend on exchanges at all in the future?

Why wouldn't it?
it's been proven twice that when MTGox was down or lagging like crazy, bitcoin went down due to panic sell off...


But then again when any new mining tech comes out the price soars which makes Gox lag...
So the actual cause of the instabilities is the reckless introduction of new mining hardware.
member
Activity: 80
Merit: 10
April 04, 2013, 02:18:49 PM
#11
I'm still not breathing; bought in at 138.  Roll Eyes

Relax, you're not the first to buy in at or near a short-term peak. Long term, you'll be fine.

Why, thanks.  That actually did make me feel better. Tongue  But I will only breathe a little bit.
hero member
Activity: 532
Merit: 500
FIAT LIBERTAS RVAT CAELVM
April 04, 2013, 02:14:52 PM
#10
I'm still not breathing; bought in at 138.  Roll Eyes

Relax, you're not the first to buy in at or near a short-term peak. Long term, you'll be fine.
member
Activity: 80
Merit: 10
April 04, 2013, 02:11:45 PM
#9
I'm still not breathing; bought in at 138.  Roll Eyes
copper member
Activity: 1428
Merit: 253
Eloncoin.org - Mars, here we come!
April 04, 2013, 02:04:38 PM
#9
Where are those decentralized exchange and decentralized markets? Sounds like really cool ideas. Will these be implemented any time soon?


Well, that's the whole point.
We have a decentralized currency that relies heavily on a centralized exchange market.

What's wrong with that statement??
Yeah... the challenge is to create a decentralized way to exchange coins securely however, an exchange is based on centralization (a point in common where everyone trades fiat for btc
So, whoever can figure out a way to do this in a decentralized way, will not win money, but will be very welcome in the community.
hero member
Activity: 532
Merit: 500
FIAT LIBERTAS RVAT CAELVM
April 04, 2013, 02:09:46 PM
#8
Why would the stability of Bitcoins depend on exchanges at all in the future?

Why wouldn't it?
it's been proven twice that when MTGox was down or lagging like crazy, bitcoin went down due to panic sell off...


Or is it the other way around?
You don't read announcements uh?
But did panic selling bring it down, or did it going down cause panic selling?

I'd hardly believe that a temporary outage - even of the biggest exchange - would cause people to freak out and try and sell... but it's a well known fact that high volume will drag Gox under.
member
Activity: 80
Merit: 10
April 04, 2013, 02:09:19 PM
#7
Will bitcoin ATMs help any?  Or will that just raise familiarity/awareness/availability and decrease stability for a while?

http://money.cnn.com/2013/04/04/investing/bitcoin-atms/

I thought day trading and speculators added stability to the market.

Apologizing for my ignorance, I'm new to this and kinda young....
copper member
Activity: 1428
Merit: 253
Eloncoin.org - Mars, here we come!
April 04, 2013, 02:01:45 PM
#7
Why would the stability of Bitcoins depend on exchanges at all in the future?

Why wouldn't it?
it's been proven twice that when MTGox was down or lagging like crazy, bitcoin went down due to panic sell off...


Or is it the other way around?
You don't read announcements uh?
legendary
Activity: 854
Merit: 1000
April 04, 2013, 02:02:30 PM
#6
I think bitcoin is too young to be stable at all. Stability will come with time.  Smiley
donator
Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
April 04, 2013, 02:01:09 PM
#5
We need a closed exchange open only to brokers to eliminate day trading.
yvv
legendary
Activity: 1344
Merit: 1000
.
April 04, 2013, 01:59:44 PM
#4
Where are those decentralized exchange and decentralized markets? Sounds like really cool ideas. Will these be implemented any time soon?
hero member
Activity: 532
Merit: 500
FIAT LIBERTAS RVAT CAELVM
April 04, 2013, 01:52:10 PM
#3
Why would the stability of Bitcoins depend on exchanges at all in the future?

Why wouldn't it?
it's been proven twice that when MTGox was down or lagging like crazy, bitcoin went down due to panic sell off...


Or is it the other way around?
copper member
Activity: 1428
Merit: 253
Eloncoin.org - Mars, here we come!
April 04, 2013, 01:48:10 PM
#3
Why would the stability of Bitcoins depend on exchanges at all in the future?

Why wouldn't it?
it's been proven twice that when MTGox was down or lagging like crazy, bitcoin went down due to panic sell off...
member
Activity: 71
Merit: 10
April 04, 2013, 01:38:00 PM
#2
Why would the stability of Bitcoins depend on exchanges at all in the future?
copper member
Activity: 1428
Merit: 253
Eloncoin.org - Mars, here we come!
April 04, 2013, 01:32:42 PM
#1
After a few crazy days ($101 to $147 in 24hrs and back to $110) we can see a little bit of stability.
I wouldn't mind the price to linger in the 120's-130's for a few weeks! Smiley

Knowing the recent events that cause MTGox to go down and with lags going crazy (10minutes or above)
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