967800+ entries in 0.688s
gribble: BTCUSD
ticker | Best bid: 24.97000, Best ask: 25.07000, Bid-ask spread: 0.10000, Last
trade: 25.07000, 24 hour volume: 47520.26271140, 24 hour low: 23.64560, 24 hour high: 25.75000, 24 hour vwap: 24.64565
pigeons: the bubble is over! it's going
to .02
jurov: i know, just i
tried
to find it for like 15 seconds in vain
kakobreklaa: its not
too far from what google will say regarding eur usd ratio
jurov: or i'll go by car
to slovenia
to deposit first lol
jurov: i'm considering
to use
this panic
to sell bitstamp usd codes :D
knotwork: if it falls 20% and stays down more
than an hour people will be running
to get more bucks
to exhcanges
to buy
those cheap coins
Bugpowder: to
think otherwise is classic bubble delishion
knotwork: ever since I have figured it is fundamentally worth more
than $32 or at least $32
mircea_popescu: this is why price moves so much : fiat side can increase 1000% in
two weeks on account of very small basis (in fiat
terms)
Bugpowder: There will be a lot of BTC on
the market when
the price falls 20% and stays down for more
than an hour.
knotwork: I
thought $32 was just people realising
the potential and pricing it in
knotwork: I dont
think $32 was really a bubble at all but saying it was plus all
the hacks forced it into being one, self fulfilling prophecy
mircea_popescu: Bugpowder
there's not really
that much btc on
the market.
knotwork: yeah its a famous high imaged
to have been a bubble
ThickerThanThiev: just
the fact
that we're noting $32 means it's obv people will get skittish at
that point
knotwork: seems likely at $32 people will worry
that higher might be "just a bubble", and of course some folk will be already
thinking it *is* a bubble, so likely should slow
the climb around
there
knotwork: yes I
think so, if it keeps shooting up as fast when it passes $32 I'll start
to
think its likely
to burst back down
to $25
to 32 range
mircea_popescu: BTC prices have reached what looks like a permanently high plateau. I do not feel
there will be soon if ever a 50 or 60 point break from present levels, such as (bears) have predicted. I expect
to see
the BTC market a good deal higher within a few months.
JWU42: I am selling about 5% at
these levels
ThickerThanThiev: I
think
there are more and more people putting a portion of
the
their weekly paycheck into BTC
knotwork: (by whether
to bubble I mean whether
to shoot on up more, not whether
to "burst")
mircea_popescu: i
think many people are psychologically invested in passing
the bubble
JWU42: I
thought we would stop at 20
knotwork: so I would not be surprised
to see it go
to $32 shortly
then
think about whether
to bubble or just gloat a while before continuing up
knotwork: its looking likely now
that lots of folks will
think we are finally recovering
to our $32 we were at back before all
those hacks hit
the fans
JWU42: waiting
to sell anything until $100 is,
to me, piggish
JWU42: as
the saying goes - pigs get slaughtered
JWU42: mega is
the key word
there
jurov: lol i'm looking up
the usd/eur rate at bitstamp's bank... and usd isn't
there
JWU42: and
that is a growing % of people in
the US
knotwork: next
time it goes
toward $2 it likely wont even get
there
JWU42: mircea_popescu: for some people 100K is currently 5x
their lifetime savings
JWU42: and for some
those odds might be worth it
mircea_popescu: all bitcoins in
the world for 100k ? sure, i'll
take em
JWU42: well -
the only reason it goes
to $.01 is
that
the project is effectively dead and broken
pigeons: if it was .01 i could buy
them all
mircea_popescu: knotwork i was
trying
to play
teh daytrader what can i
tel lyou.
JWU42: and
then something goes batshit bad and BTC goes back
to $.01
JWU42: so - BTC gets
to $95 in 5 years
knotwork: tho likely by
time it hits $100
that'd have
to be changed
to "anything less
than $150"
knotwork: cashing out at anything less
than $100 is more a daytrader
thing or a desperately need
the cash
thing really
jurov: i have my parents lined up for buying btcs if
that happens
mircea_popescu: jurov i sold 200 btc's worth specifically
to rebuy once price
tanks back
to 20.
gribble: There are currently 17410.07 bitcoins offered at or under 30.0 USD, worth 488875.899895 USD in
total.
jurov: lol
this is insane... just few hours ago i cashed out a bit at 24.21
gribble: BTCUSD
ticker | Best bid: 25.31000, Best ask: 25.40000, Bid-ask spread: 0.09000, Last
trade: 25.31000, 24 hour volume: 44738.61190480, 24 hour low: 23.64560, 24 hour high: 25.75000, 24 hour vwap: 24.61882
gribble: There are currently 9937.51 bitcoins offered at or under 29.0 USD, worth 266608.244608 USD in
total.
pigeons: pizza was
the first useful
thing you could buy with bitoin
knotwork: as you could end up
trapped owing something
that you cannot get hold of or not at decent price
knotwork: borrowing is always dangerous but particularly so for
things
there arent many of
knotwork: and maybe borrow some other coin
that seems overpriced or at least not at a crazy low
knotwork: now instead its
time
to buy all
those cheap devcoins
to pay back
the loans
knotwork: that worked great with devcoins for a while but now devcoins are so crazy cheap its looking dangerous
that
they might go back up before you pay back
the loan
knotwork: shorting something else
to buy bitcoins might be best maybe, such as borrow some other
type of coin using bitcoins as colalteral, and sell what you borrow
to buy more bitcoins
to use as more collateral etc
mjr_: and you have way more accounting
to do
knotwork: kind of abstractly using my increased riches
to buy more bitcoins, without actually spending my bitcoins
to do so since
they *are* my riches
mjr_: so if i can scoop up cheap coins on camp bx, or bitfloor, i would, simply cuz i plan on holding
them
knotwork: yeah
that is what I'd like
to be able
to do
mjr_: yeah, well, i mostly use
the strategies i've said
to
try
to get as long as possible, for as little money as possible
mircea_popescu: i
think book is deceptive, as btc ppl are very impatient.
pigeons: yeah i see high prices at havelock,
then i look at
the order size, right
mircea_popescu: i doubt
there's 100 bux
to be made working campbx/stamp/mtgox/w/e
mircea_popescu: there's like, what, 3-4 btc worth
to be made arbing
that ?
mjr_: not enough volatitliy and razor
thin margins cuz of
transferring money back and forth
mjr_: they are already
taken
mircea_popescu: i
think arbing
the fiat exchanges is more work
than it's worth.
mjr_: especially very early in
the morning or late at night
mircea_popescu: still some decoupling, but as btc mkt cap increases
there will be less and less.
mjr_: it is more bullish bitcoin
than anything
knotwork: I missed opportunities I could have in
theory got by selling high and buying back in low but I could not be sure
there would ever be a low
to buy back in at
mircea_popescu: mjr_ selling calls on
the usd or buying calls on
the btc are very similar i
think
knotwork: they went down from $32 but lately its finally looking like
they are recovering
mjr_: yes, i would definitely sell calls on
the US dollar
knotwork: yeah nice
thing about just holding one's coins indefinitely is it doesnt need much/any
thought
mjr_: well...aren't
there options on currency?
mjr_: it's just hard when pretty much i
think "it's going up"
mircea_popescu: unlike forexy
things where you just mash
the buy/sell buttons