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Topic: What the hell is going on with the price? (Read 6627 times)

full member
Activity: 350
Merit: 100
August 16, 2012, 05:25:50 AM
#79
the beauty of this whole thing is that it's literally a world-wide phenomenon.  it's actually quite complicated to buy stocks on foreign exchanges.  i once looked into it and it was totally impractical if not impossible.  yes, you can buy country specific ETF's but that's not the same thing.

with Bitcoin we have ppl piling in from all over the world.  and countries big developed countries, like Japan, are just getting started.

It's not that impractical if you're good at it. I managed to make a great return trading on the US market during the financial meltdown, from Australia. Profit margins are lower and costs are higher, that's all. Playing in the big sandbox even at a disadvantage is still going to net you more than the little one.
full member
Activity: 209
Merit: 100
August 16, 2012, 12:58:10 AM
#78
OMG the stock market is going up and down also!!! What could it mean? Embarrassed

ROFL 
legendary
Activity: 2072
Merit: 1001
August 15, 2012, 05:37:16 PM
#77
nuts 12.86 *facepalm*

tis great. miners just keep selling into this upswing. averaging out is awesome.
win win win.

IMO, we all need to thank miners for mining and selling at the beginning. Otherwise, we would not have bitcoin to trade and speculate.

yes.  thank you fcmatt.

oh no problem at all. hopefully the btc i mine next week will be for 20 a pop. :-)
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
August 15, 2012, 04:49:37 PM
#76
Every time exchange rate rises I take out my calculator and and multiply amount of bitcoins I have, feels good Cool
Let me break the news for you: it's only numbers on your calculator. Unless you sell your coins, you've got zero dollars/euros/dinars/whatever.
Zero monopoly money

I'd be using your calculator to figure out how many bitcoins you can get for you stash of USD

not the other way around  Wink

a bit of awkward paraphrasing for you: obvious bear is obvious

Where is Will Smith when you need him? Cheesy
legendary
Activity: 3430
Merit: 3080
August 15, 2012, 04:47:43 PM
#75
Every time exchange rate rises I take out my calculator and and multiply amount of bitcoins I have, feels good Cool
Let me break the news for you: it's only numbers on your calculator. Unless you sell your coins, you've got zero dollars/euros/dinars/whatever.
Zero monopoly money

I'd be using your calculator to figure out how many bitcoins you can get for you stash of USD

not the other way around  Wink

a bit of awkward paraphrasing for you: obvious bear is obvious
legendary
Activity: 1764
Merit: 1002
August 15, 2012, 03:57:56 PM
#74
nuts 12.86 *facepalm*

tis great. miners just keep selling into this upswing. averaging out is awesome.
win win win.

IMO, we all need to thank miners for mining and selling at the beginning. Otherwise, we would not have bitcoin to trade and speculate.

yes.  thank you fcmatt.
full member
Activity: 215
Merit: 100
August 15, 2012, 03:53:36 PM
#73
nuts 12.86 *facepalm*

tis great. miners just keep selling into this upswing. averaging out is awesome.
win win win.

IMO, we all need to thank miners for mining and selling at the beginning. Otherwise, we would not have bitcoin to trade and speculate.
legendary
Activity: 2072
Merit: 1001
August 15, 2012, 03:43:02 PM
#72
nuts 12.86 *facepalm*

tis great. miners just keep selling into this upswing. averaging out is awesome.
win win win.
hero member
Activity: 770
Merit: 502
August 15, 2012, 03:38:43 PM
#71
nuts 12.86 *facepalm*
legendary
Activity: 1764
Merit: 1002
August 15, 2012, 03:35:15 PM
#70
the beauty of this whole thing is that it's literally a world-wide phenomenon.  it's actually quite complicated to buy stocks on foreign exchanges.  i once looked into it and it was totally impractical if not impossible.  yes, you can buy country specific ETF's but that's not the same thing.

with Bitcoin we have ppl piling in from all over the world.  and countries big developed countries, like Japan, are just getting started.

Such a global reach coupled with its ambiguous nature, (is it commodity, currency, stock, or just plain bitcoin?) makes analysis of bitcoin very intriguing and interesting.

6 mo ago that was a negative, lol!  Cheesy
full member
Activity: 215
Merit: 100
August 15, 2012, 03:34:17 PM
#69
the beauty of this whole thing is that it's literally a world-wide phenomenon.  it's actually quite complicated to buy stocks on foreign exchanges.  i once looked into it and it was totally impractical if not impossible.  yes, you can buy country specific ETF's but that's not the same thing.

with Bitcoin we have ppl piling in from all over the world.  and countries big developed countries, like Japan, are just getting started.

Such a global reach coupled with its ambiguous nature, (is it commodity, currency, stock, or just plain bitcoin?) makes analysis of bitcoin very intriguing and interesting.
legendary
Activity: 1764
Merit: 1002
August 15, 2012, 03:17:27 PM
#68
the beauty of this whole thing is that it's literally a world-wide phenomenon.  it's actually quite complicated to buy stocks on foreign exchanges.  i once looked into it and it was totally impractical if not impossible.  yes, you can buy country specific ETF's but that's not the same thing.

with Bitcoin we have ppl piling in from all over the world.  and countries big developed countries, like Japan, are just getting started.
legendary
Activity: 4690
Merit: 1276
August 15, 2012, 02:45:04 PM
#67
This thing is starting to look like a run-away train to me.

My theory of large cap parties managing a controlled increase to maximize their BTC acquisition has another side.  That is that if there are multiple parties which are not coordinating with one another, they will end up eating one another's lunch.  The best strategy for these players in that case is to just go ahead and buy with both hands.  If such a thing were to happen it could be quite explosive.

legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
August 15, 2012, 12:48:25 PM
#66
OMG the stock market is going up and down also!!! What could it mean? Embarrassed
legendary
Activity: 1652
Merit: 1000
August 14, 2012, 07:43:14 PM
#65
"How to get bitcoins" (Cómo obtener bitcoins) is by far the most searched post on my blog.

http://elbitcoin.org/bitcoin-para-principiantes-como-obtener-bitcoins/
legendary
Activity: 4690
Merit: 1276
August 14, 2012, 05:55:46 PM
#64

My take is that some party or parties with significant capital want to vacuum up BTC and ...


yes but how long will this party going to keep doing this?

once they stop buy, will they sell some? ...

WHY are they buying?

do they want to own the market, so they can manipulate us into buying or selling when they want?

I may simply be projecting, but I assume that said theoretical party/parties have some of the same motivations as I.  That is, they consider the Bitcoin solution have a very high potential value and see BTC as hugely undervalued at this time.

If this is the case, they, like I, would mostly cash out if they sense an imminent collapse of the solution or if the value starts to approach the theorized peak.  Probably also like I, such parties don't really need the funds they've speculated in Bitcoin and can absorb a 100% loss (and consider it the most likely outcome.)  So I would expect selling to be more muted than it might otherwise be.

legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
August 14, 2012, 05:44:03 PM
#63
The number one question I get is how do I buy bitcoins?

Need to make more youtube videos and write more articles for those with that question.
legendary
Activity: 1764
Merit: 1002
August 14, 2012, 05:39:53 PM
#62
The number one question I get is how do I buy bitcoins?

i spent last week pounding Fred Wilson's VC Blog and you're exactly right.  that was the first question.  for a bunch of supposedly wealthy ppl, i didn't find the level of economic intelligence over there very high.
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
August 14, 2012, 05:37:05 PM
#61
I think people are buying for many reasons:

1. To hoard.
2. To buy things with it.
3. To test it out.
4. To pay off investors  Wink
5. To buy drugs....
hero member
Activity: 486
Merit: 500
August 14, 2012, 05:36:52 PM
#60
The number one question I get is how do I buy bitcoins?
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