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MtGox price: $160 to $270 to $212 to $290 to $199 to $250 in the last hour

bitcoinwisdom.com

1–10 of 21 posts

Re: MtGox price: $160 to $270 to $212 to $290 to $199 to $250 in the last hour

#2
The reason I submitted this is because it's an interesting phenomenon that fortunes can be lost or made so rapidly.

(An MtGox bitcoin can currently be sold for 0.4 bitcoin, so this was quite a lot of money being lost or made over the last hour.)

Re: MtGox price: $160 to $270 to $212 to $290 to $199 to $250 in the last hour

#3

The reason I submitted this is because it's an interesting phenomenon that fortunes can be lost or made so rapidly. (An MtGox bitcoin can currently be sold for 0.4 bitcoin, so this was quite a lot of money being lost or made over the last hour.)

how do you sell or buy a mtgox bitcoin?

Re: MtGox price: $160 to $270 to $212 to $290 to $199 to $250 in the last hour

#5

The reason I submitted this is because it's an interesting phenomenon that fortunes can be lost or made so rapidly. (An MtGox bitcoin can currently be sold for 0.4 bitcoin, so this was quite a lot of money being lost or made over the last hour.)

Lost AND made. Every loss is someone's gain. :)

Re: MtGox price: $160 to $270 to $212 to $290 to $199 to $250 in the last hour

#6
post #4

When Magic The Gathering Online Exchange was at $1200, it meant that bitcoins were at $1200. When they dipped below $100, it didn't count because: ...? Can someone explain this?

http://en.wikipedia.org/wiki/Mtgox#Suspension_of_trading

Re: MtGox price: $160 to $270 to $212 to $290 to $199 to $250 in the last hour

#7
post #4

When Magic The Gathering Online Exchange was at $1200, it meant that bitcoins were at $1200. When they dipped below $100, it didn't count because: ...? Can someone explain this?

they are more or less cut off from the larger bitcoin economy at this point, since you can't transfer bitcoins in or out.

Re: MtGox price: $160 to $270 to $212 to $290 to $199 to $250 in the last hour

#8

The reason I submitted this is because it's an interesting phenomenon that fortunes can be lost or made so rapidly. (An MtGox bitcoin can currently be sold for 0.4 bitcoin, so this was quite a lot of money being lost or made over the last hour.)

Well, fortunes can be made at a roulette table too. And watching the price investing in bitcoins is on par with roulette.

Re: MtGox price: $160 to $270 to $212 to $290 to $199 to $250 in the last hour

#9
post #4

When Magic The Gathering Online Exchange was at $1200, it meant that bitcoins were at $1200. When they dipped below $100, it didn't count because: ...? Can someone explain this?

That's not really fair to say, since people did frequently point to their issues with fiat pushing it up

Re: MtGox price: $160 to $270 to $212 to $290 to $199 to $250 in the last hour

#10
post #4

When Magic The Gathering Online Exchange was at $1200, it meant that bitcoins were at $1200. When they dipped below $100, it didn't count because: ...? Can someone explain this?

Yes, because nowhere else it is being sold at that price.
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