According to the mtgox walls, 23 Million USD takes us to a BTC valuation over $1000. Not a lot of money in the whole scheme of things.
I think the point is that the order book is not written in stone. It is dynamic and changes according to circumstance.
Yes i understand this. And if satoshi began to sell large amounts I think there would be more bids put in as the price fell. And the reverse for the reverse scenario. Just thought it was fun to think about the walls out to $1000/btc.
Buy Bitcoin while you still can. The price is being be held stable by big money for the Silicon Valley conference. The price will soon explode upwards.
TBH that just does not sound right to me, unless someone is trying to prevent a drop in price. In which case, we should be concerned.
No VC in his right mind will be looking at BTC without looking at price charts, on which this week long relative stability means nothing.
Can't see anyone at the conference having a problem with rising prices
Good point. But I think this started before MtGox bad news and all the recent good news, so that they could show investors what a future stable bitcoin would look like. Even though rising prices would excite everyone, it might look like a bubble to some investors. The most attractive thing you could show big companies at this point would be a model of future stability.
Of course, these are my guesswork conclusions. We'll see what happens.
It seems like someone would have to have deep pockets to purposely create stability, but I could see that I guess.
I think we'll see some interesting price action this weekend during the conference. Not sure why I feel that way, but I do.
Overstock accepting Bitcoin is huge news in my book. I expect the price rise is delayed as the news brings new investors into the market but this process takes a little for people to figure out how to buy.
So prices next week over $1000 on Bitstamp seem quite likely to me.
I come to a conclusion that this market is retarded (as in slow) it took it 2 days to react to china news and drop from 1200 and it took a day and a half to react to overstock news
this is someone panic buying, not reaction to overstock.
I think both can be true. A panic buying reaction to overstock.
1 thing is sure
u dont wanna be a bear in feb-march
I am thinking march could be a particularly bad time to be a bear, but who knows.
I think we're going to see some serious action after the 31st. Anyone else get that feeling?
This article is silly. Really it is.
Happy
Made some BTC from this (not much, but a bit)
Where are you trading?
I could see things going lower before they start going up on February 1st... But I'm not willing to take the risk of selling now. :-)
The problem is better is subjective, and not everyone will agree on, let alone know, what better really is.
And that is why non-aggression is so important. You can do what you want as long as you don't interfere with others.