71–80 of 94 posts
Earlier quoted context omitted.
Where do you get those valuations? Every site I know of is down.
From intermittent access to the live version of bitstamp, sorry but I don't have any screenshot nor high res graph of this exchange. And bitcoinity has lot of lag.
Earlier quoted context omitted.
Unless you actually wanted to transact business using Bitcoin as a unit of account. Worth observing that the opposite swing, where BTC shoots up $50 in ten minutes or whatever, is just as harmful.
Most people who aren't risk-tolerant toward things like this are using services that instantly (or daily) convert to USD or EUR to minimize losses due to exchange rate flux. It's really only a big deal for speculators, or people who are trying to run a btc-in-from-customers, btc-out-to-vendors business. SR is probably pretty interesting today.
Earlier quoted context omitted.
Because it offers the opportunity to trade without the shadow market of banks and financial regulators which get pennys of every damn good you buy without doing something important. the only problem is exchanging bitcoins which is the root of all evil for a non-backed per-trade-valued currency.
I can go right to my online bank and have them send a payment to anyone in the country, at zero charge.
That's the short version of the explanation I've read about the "evils" of central banks and debt-based currencies. I'm no expert, so I can't really judge the accuracy of this explanation or whether or not it's evil.
Bitcoin "down" to $100. They were $10 in January. They'll be over $50 at the end of this month. When I was mining 18 months ago, they were about a quarter. Smooth the line and bitcoins are doing exactly what you'd expect from a linear-demand-growth emerging commodity market with a fixed rate of supply. Everything is going exactly according to plan. Note well that the exact same thing (a big speculative run-up and fol…
And to be clear - what is it that you expect? A long-term per-unit appreciation in "value"?
Earlier quoted context omitted.
and just wait for the SEC to reverse their recent no action decision when the people on the losing end start crying foul.
and that's when, with regulation and control, decentralisation and anonimity vanishes
What are the best sources for viewing a chart of intra-day price movements?
https://data.mtgox.com/api/0/png/24hours.png?Currency=EUR / https://data.mtgox.com/api/0/png/24hours.png?Currency=USD edit as per comment, thanks!
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…
Not that I'd wish monetary loss on anyone, but if the first Bitcoin crash is any indication, these things tend to have a positive side-benefit of driving out most of the speculators flooding in after all the news reports that fuel these cycles, and the people actually interested in the currency itself stay behind, with an influx of new folk. After all the noise dies down, new businesses and services get built backed…