I agree. People wailing doom and gloom about this drop in volume are 1) overlooking how much more expensive 1 BTC is now then it was 'back then' and 2) not celebrating the decentralisation of the exchange process. This should hopefully lead to less ability for panic to spread (Remember the collapse was caused as much as a result of gox'es failures to run the exchange properly as it was any real loss of faith in fundamentals). I hope it also helps temper any future stratospheric rises.
It would be nice to see that chart by dollar volume instead of BTC volume.
319$ !!!
Where do you look, all my charts sides have broken down
Or is this more accutate, given what's happening to the price...
http://www.blockchained.com/depth_mtgox_15d.pngWe will be on par with GOLD soon!
Yes, we are within striking range ..less than $100 difference at the moment.
@Holiday indicated that parity with gold was reached earlier.
Gold is now just 10 cents higher than BTC all time high.
@Holiday indicated that parity with gold was reached earlier.
Gold is now just 10 cents higher than BTC all time high.
Thanks. 'Tis a thing of beauty!
I am happy for no reason at all. -0-
Such senseless bliss can never be removed.
I do not need coins to be happy.
Coins help me to make others happy, which is fun. So they are good.
+1
There should be one more option in the poll "Bitcoins can't buy happiness"
Since there was no such option I voted "BUY BUY BUY" of course.
One thing bitcoin needs badly right now is a leveraged trading market with real capital. Bitfinex and Icbit are useless to us because a single margin deposit is likely to exceed their available funds.
How would that solve the volatility issue? If anything it will create more of it by putting in more capital bottlenecks. The very same ones you are having issues with right now.
Its pretty obvious he wants to buy right now, but has no funds. With leverage he could use coins to buy coins and volatility during a crash is reduced by large bids and buys.
+1
Also add short covering to the mix:
http://www.investopedia.com/terms/s/shortcovering.aspYou can't [ get an avatar ]. They turned off the ability. Apparently it was used as an attack vector to hack the site or something, so they just disabled the ability for people to update them.
"How many systems administrators are needed to replace a light bulb?" "None, the SA will just lock the room and declare it off-limits to everyone."
So why do some have avatars ? I guess they got them before it was disallowed ??
Just be thankful you didn't choose a silly-looking avatar when they were available.
If you did you'd be stuck with it. Yup, it's Davy Crockett addressing a joint session of congress.
stuck at 660. number of the bees?
The number of the beast is 666 not 660. Bees?
why is btc price on bitfinex 1% higher than bitstamp.
Could Bitfinex be following OKCoin more closely than it follows Bitstamp?
OKcoin has 10x the volume of Bitstamp.
https://tradeblock.com/markets/okcn/xbt-cny/More on Adam Guerbuez's background:
hereAnd then a massive dump ensues.
Can we translate that into Latin? I'd like to have it chisled in marble atop the first Bitcoin bank....
Edit: Done:
Et tunc sequitur ingens tuber
E plurubus dump 'em
He's dead Jim.
-- Bones
Yup... that is the hilarious part.... that bit is great.
The disturbing part is BLYTHE MASTERS!!!!!!!!!! Nooooooooooooooooo
I don't like the guy, but the greatest and foremost utopia that exists in crypto-world is that the current economic establishment's top boys will be left out of the way when there's massive adoption. Well; this won't happen! They know how the system works and -frankly- I think we need them around for they possess significant knowledge. On the other hand, bitcoin derivatives to my understanding is a high risk investment. To give it a perspective, it is like entrusting your Bitcoins to someone's hands who was involved in the MtGox story...
Yeah; I know. Some people would do it again...
Blythe is a woman (but she was once married to Daniel Masters of Royal Dutch Shell/Salomon fame who was involved in developing energy gas/crude markets, who incidentally now is part of GABI)
Blythe is a scary woman.
Ask any silver trader
(given her past track record, think derivatives and manipulation)
(oh and also over leveraging and swaps)
(ps oh and also, the idea I hope is to create a system that is better, and certainly more transparent than the system we already have, "they" may know how it works alright, but it is "their" games that is one of the main driving reasons we need a new system)
Zerohedge seems to agree with you.
http://www.zerohedge.com/news/2015-03-10/bitcoin-default-swaps-blythe-masters-joins-bitcoin-startup
