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Screw Dell and their crappy machines,
Screw Dell and their crappy machines,
Like purest milk from the vacuum of space, a pale horse eclipses the ridge.
http://www.coindesk.com/market-monthly-stable-bitcoin/Bitcoin Price Drops Below $600 After Relative Stability
The last two months have seen no shortage of positive bitcoin news.
DISH became the latest big retailer to accept bitcoin in June, only to be eclipsed six weeks later by Dell. Then, there was the successful US Marshals auction of roughly 30,000 BTC, which proved bitcoin’s fungibility in the eyes of the US government.
With all that good news, bitcoin’s price must be rocketing again, right? Hardly. In fact, price volatility has been flat in the last month, making it the most torpid period this year, according to the Coinometrics volatility index.
One exchange operator I spoke to was as mystified as the rest of us. The last two month’s newsflow should have goosed the price, but it barely budged.
“In any other time, in any part of 2013, and even before that, an event like Dell [taking bitcoin], would have shot the price up by 20-50%,” said Mark Lamb, chief executive of London-based exchange Coinfloor, which has been growing its daily trading volume of about 150 BTC since it launched in March.
In fact, the value of a bitcoin hadn’t closed below $600 over the last 30 days, according to the CoinDesk BPI, except for a blip today, which saw it dive briefly to a low of $591.
Bitcoin price declines
At press time, the price of bitcoin on the CoinDesk USD Bitcoin Price Index had lost its long-time stability, dropping roughly 4% since the day’s open to sit at $595.73. This figure was up from the day’s low of $591.46, but down measurably from its high of $618.42, figures that baffled traders and reddit readers alike.
The day’s low was observed at 13:35 UTC and was followed by a sharp recovery, but it wasn’t enough to undo the mysterious and sudden decline.
Prices on the CoinDesk CNY Bitcoin Price Index followed a similar trajectory, falling from an open of ¥3,832.17 to ¥3,692.45 at press time, but for once, even China wasn’t to blame for falling bitcoin prices.
With no clear news to blame for either the stability or the decline, many are wondering where to turn for answers.
Bitcoin is dead, it's all over.
Price $464.
/s
"We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power." – Alan Greenspan
It's certainly been very quiet about it lately. Which seems to be its greatest enemy. However during the period of this thread it has advanced from a bitcoin costing less than an ounce of silver to more than 20 ounces of silver.Originally Posted by optionT
Another thought... This year the price has been much less volatile... Which means it can start function like a currency you can make commercial transactions in.
Cultural Marxism: -The idea that good, hard working, white people should pay for those who are not, and thus in the name of equality create the conditions for their own genetic annihilation
That is the first post of this thread... And then it went up to par with gold, before receding... More than a coincidence?
Cultural Marxism: -The idea that good, hard working, white people should pay for those who are not, and thus in the name of equality create the conditions for their own genetic annihilation
I'll start buying again when I hear more people say that kinda crap. I assume you're being sarcastic though.
Right now I'm purely focused on guns/ammo/accessories.
Well they keep trying to make the news stories stick, but like Shami says people are buying lead instead.
Maybe if an ammo manufacturer, cell phone carrier picked it up for exchange ... ?
http://www.cryptocoinsnews.com/wp-co...ection_181.png
https://s3.amazonaws.com/tradingview/m/MS1frEMZ_mid.png
Looks like the bottom fell out, if only there were some intrinsic value support.
Re: The Bitcoin Tracking Thread
I'm long term uber-bull, lol!
It appears that 2014 will look like 2012, in which the price rose modestly due to the fact that 2011 had an incredible rise, just like 2013 had.
So 2015 could be absolutely massive!!
We'll see!
"We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power." – Alan Greenspan
New low for 2015 is currently at $250.45 (Coindesk quote).
DISCLAIMER: My gut feeling on silver is just that................My gut feeling. I have absolutely nothing to back up any gut feeling that I might have on silver.
DISCLAIMER2: I am not really a '70's silver art bar expert but I try my best to play one on the Internet.
Pepperoni Pizza + Orange Juice + Netflix + Silver art bars = My life.
ATTENTION!!! I stood up to the TP king by making a 3-roll tp bet with him and guess what?............I won.
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