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Isn't anyone worried about the Bitcoin bubble bursting? The price is going to get really high because of all the exposure it is receiving right now and people buying a bunch of it hoping that it will just keep going up and up and up.
How thinly is this traded? 20%+ or - in hours can't be good
Pardon my Bitcoin ignorance, but you can sell, say $1 million worth of coins and not crash the price? How thinly is this traded? 20%+ or - in hours can't be good
Isn't anyone worried about the Bitcoin bubble bursting? The price is going to get really high because of all the exposure it is receiving right now and people buying a bunch of it hoping that it will just keep going up and up and up.
More adoption means it can only go up. Maybe too optimistic, but read http://falkvinge.net/2013/03/06/the-target-value-for-bitcoin... edit: yeah, brainfart. I meant to say that "people buying a bunch of it" can only make it go up, not that it can't (or won't) go down again.
Uses of money: 1) medium of exchange 2) store of value 3) unit of account 4) common ground for rumor and speculation!
Mtgox is having a trade lag above 15 minutes. This is making the market/traders crazy.
cf. The Beer Game or Dietrich Dörner's thermometer experiments.
Pardon my Bitcoin ignorance, but you can sell, say $1 million worth of coins and not crash the price? How thinly is this traded? 20%+ or - in hours can't be good
No, you would bring it down maybe $10-20.
For those that follow bitcoin news, I'm sure there is a plethora of "don't do this," "those guys did this," etc., but what do I do as someone who knows nothing about bitcoins and how to keep them safe?