51–60 of 94 posts
Day's Range: $70.00 - $259.34 Mtgox trading engine lag: 3865.59s With gyrations like that and one hour order execution lag there isn't a regulator in the world that wouldn't halt that market. Comparing this to investing in a roulette game would be unfairly characterizing the risks in roulette.
Tell me again why any sane person would accept bitcoin as a currency for goods?
Please quit with the superficial throwaway comments, that's two content-free crowd-pleasers in under 15 minutes. In answer to your question, pricing goods in a fluctuating currency is a well understood problem, and even with a single Google you'd find the Bitcoin community already have established solutions. The short answer: spot price is 99% noise, so don't use it. Unapologetic for being annoyed at this stuff. Chec…
Note that the price may not be live, but instead a CloudFlare cached version. The price may be incorrect.
This site seems to have a fairly decent up to date measurement in realtime. It lacks the graphing ability to see the dramatic drop off trend though: http://realtimebitcoin.info/
What are the best sources for viewing a chart of intra-day price movements?
Day low of $70 but now $180. Huge potential profits for some. Edit: that low is on bitstamp, mtgox has a low of $126. Still huge swings.
Earlier quoted context omitted.
I just did several googles, and can't find an answer to that question. Maybe you could enlighten us on the "well established solutions" (or just some google search terms to pull them up)? It seems like a serious question to me. Currency volatility in the real world is generally considered a near-disaster-level problem. So if Bitcoin has truly solved this in a "well established" way I'm sure there are a bunch of natio…
There is at least one web service that produces an average over some period. As to how you pick a good weighting, it probably depends a lot on how fast you intend to flip outgoing goods/incoming currency, or where you store value. Try terms like "VWAP", "Bitcoin average price" and so on. I have no doubt a momentary search over on SSRN will produce a hundred papers entirely dedicated to formalizations of this process.
This all speaks to the immense difficultly of real-world adoption of any currency that isn't backed by real government policy.
Tell me again why any sane person would accept bitcoin as a currency for goods?
If you're middle class you may be worried about a government collapse, ending up as a refugee, hyperinflation, or government seizure.
Bitcoin is a reasonable way to store wealth in those cases.
Market is all over the place - I logged in with chrome, hit "Sell at current Bid Price" - (which was $135) - but the interface wouldn't accept a click on the "Sell Button" Thought it might be my browser, so I tried logging in with Firefox, hit "Sell at Bid Price" - Which, about 30 seconds after my first attempt with chrome was now $175. Something is going to crash spectacularly when you get a $40 swing on something l…
popcorn time