It's happening
- Thread starter Antome
- Start date
It's China. They're buying a ton right now.
Also, stop using mtgox for the price, they lag so much that it misrepresents the price, and in general are just more expensive than the actual market.
https://bitcoinaverage.com/#USD|nogox
Currently at about $191 USD.
Also, stop using mtgox for the price, they lag so much that it misrepresents the price, and in general are just more expensive than the actual market.
https://bitcoinaverage.com/#USD|nogox
Currently at about $191 USD.
Yeah that too, I wouldn't buy right after a price spike because it's even riskier than usual. Either buy when it stabilizes again and sell when it spikes again, or if you believe btc has a legitimate future as a currency, then just buy and hold onto it until it's widely adopted.
Antome
Forum Blooper
wat.
http://bitcoinwisdom.com/
I wouldn't disagree that it's "simpler", with more consistent flat-lines/hikes/drops, which makes timing the correction easier.
Moreover it's similar enough to the average that if I cut out the labels, no one would complain. So I think it's a reasonable representation, if arbitrary.
Which has little relevance when you're waiting for a correction. In some cases more ideal when selling during a correction.
It will hit a low point 1-4 days from now. That will be a good time to buy.grossaffe said:
More specifically, if it doesn't correct I will eat my hypothetical hat.
Didn't mean the graph was inaccurate, I'm just staying Mt Gox in general is priced above the "true" market value, pretty much all the time, not just when you are waiting for a correction. The difference between ignoring and including the Mt Gox price on that site I linked to, is that including Mt Gox raises the price by a whole $7. For a single exchange to do that means the price has to be significantly higher on that one exchange. This is for a myriad of different reasons that can mostly just amount to Mt Gox just being plain bad. Every boom/bust cycle you'll see them experience huge amounts of lag on both trading and more importantly, withdrawing money. If the price crashes again, it wouldn't surprise me at all if they conveniently shut down due to "server issues" like they usually do. I wouldn't risk even considering selling via Gox because of the delay and risk of shut down.
samjc3
#1 Female Member
Re: Re: It's happening
Heck, why buy? Take a pile of Butterflylabs Monarchs back to 2010 and set up a couple low power PCs with those in em. Pull >10 thousand GH/s on the really easy difficulty hashes from back then, and wait till the ~$200/BTC highs to sell. Course, if one had that kind of time travelling ability, you could do far better than bitcoin. Stock market and sports gambling could easily net you multiple trillions, whereas bitcoin as a whole isn't even worth a couple trillion, is it?Abyss said:
Inserting that kinda imbalance that early in the bitcoin lifespan could very likely destroy them, though.
Time travel in finnicky.
Sports gambling is probably one of the best ideas for making money off of time travel, so long as you work with a lot of bookers and a lot of games.
Keep in mind that money from 2026 is no use now, just as money from 2013 is no use in 1993.
Time travel in finnicky.
Sports gambling is probably one of the best ideas for making money off of time travel, so long as you work with a lot of bookers and a lot of games.
Keep in mind that money from 2026 is no use now, just as money from 2013 is no use in 1993.
Re: Re: It's happening
That stuff can net you trillions perhaps if you have the capitol to get into it that much in the first place. With bitcoins starting out rather inexpensive and then leaping to the hundreds of dollars, that's quite the return on investment.samjc3 said:
samjc3
#1 Female Member
Re: Re: It's happening
Well the nice thing with gambling, is you don't actually need all the money you're going to bet - just a tenth or so for most bookies. Now, if there's no risk, you can bet everything you can possibly give the bookie. You can pretty easily get a $10k payday loan. Drop that into a betting pool, preferably something where the long odds win spectacularly, pay back the loan, and go on to be rich. Should be able to double if not more than on every bet you make. Wouldn't take long to get a very serious ball rolling. Also, start sticking cash into stocks on the side, sell at the '99 peak for msft, dump that profit into goog and aapl, etc. I bet you could make the Trillion mark inside of two years. Course, if you could travel through time, why would you ever bother with making money when you could go be a highlander instead.grossaffe said:
