What's the logic behind this? | Bitcointalksearch.org

Yuhfhrh

full member

Activity: 238

Merit: 100

Quote from: notme on June 10, 2012, 09:27:40 PM

Quote from: Yuhfhrh on June 10, 2012, 09:22:02 PM

Leaving it in a low interest bank account would seem better to me. Then again if there is a huge bitcoin sell-off, 1.15 a bitcoin would be a good deal considering bitcoin still survives.

Can you point me to a bank that will offer me an account yielding more than half a percent per year? Yeah, didn't think so.

Making $1,250 a year seems a lot better than potential mt gox withdrawal issues to me.

notme

legendary

Activity: 1904

Merit: 1002

Quote from: Yuhfhrh on June 10, 2012, 09:22:02 PM

Leaving it in a low interest bank account would seem better to me. Then again if there is a huge bitcoin sell-off, 1.15 a bitcoin would be a good deal considering bitcoin still survives.

Can you point me to a bank that will offer me an account yielding more than half a percent per year? Yeah, didn't think so.

Yuhfhrh

full member

Activity: 238

Merit: 100

Leaving it in a low interest bank account would seem better to me. Then again if there is a huge bitcoin sell-off, 1.15 a bitcoin would be a good deal considering bitcoin still survives.

da2ce7

legendary

Activity: 1222

Merit: 1016

Live and Let Live

Quote from: Yuhfhrh on June 10, 2012, 08:05:11 PM

But isnt all that money just sitting in a mt gox account then? Shouldnt they invest all that money into something instead?

There is worse thing you can do than holding USD atm....

Yuhfhrh

full member

Activity: 238

Merit: 100

But isnt all that money just sitting in a mt gox account then? Shouldnt they invest all that money into something instead?

deepceleron

legendary

Activity: 1512

Merit: 1036

The day that Satoshi dumps 500,000BTC, you wouldn't want to miss out on the cheap Bitcoins by not having an order in, would you?

klaus

legendary

Activity: 1946

Merit: 1004

Quote from: arklan on June 10, 2012, 10:59:38 AM

two things: fascinating vid and what's the software and where do i get it?

https://bitcointalksearch.org/topic/sierrachart-bridge-realtime-bitcoin-charts-v05-mtgox-intersango-6019

arklan

legendary

Activity: 1778

Merit: 1008

Quote from: Fuzzy on June 08, 2012, 03:16:56 PM

They're probably hoping for another hack. Like with the Mt Gox debacle, every buy order on the books was filled.

That's my guess.

two things: fascinating vid and what's the software and where do i get it?

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

It was put there so you look at it. Creates support even when it won't be filled.

proudhon

legendary

Activity: 2198

Merit: 1311

Oh, sorry. I forgot I put that there. Grin

notme

legendary

Activity: 1904

Merit: 1002

Or maybe it's sitting there waiting for the right moment to spike the price. Why not park it way down on the order book rather then just letting it sit in your account?

Fuzzy

hero member

Activity: 560

Merit: 500

They're probably hoping for another hack. Like with the Mt Gox debacle, every buy order on the books was filled.

That's my guess.

Blind

full member

Activity: 235

Merit: 100

There is an order on MtGox for nearly 237k bitcoins @ $1.15, sitting there for last 3 months, and I wonder what purpose it serves. Only chance for it being filled is catastrophic Bitcoin failure making coins and this investment worthless, or (very unlikely) flash crash, as before when MtGox got hacked and forced price down to nearly zero. So there is ~272k USD sitting there, rotting away in anticipation of a chance one in a lifetime to score big. If so, why $1.15? Go for $1 and get 15% extra free =) Hell, if they had invested that in Pirate then, they would double that by now, lol. Or is it MtGox itself fooling around?

Topic: What's the logic behind this? (Read 1585 times)