Post
Topic
Board Altcoin Discussion
Re: rpietila Altcoin Observer
by
aeternum.in
on 17/06/2014, 12:04:27 UTC
BBR/BTC  +156.6%    Last: 0.00231  High: 0.00301  Low: 0.000815

I think we missed the train yesterday. Sad

Maybe not, there are some serious issues at the moment and talk about a hard fork- so don't feel so bad. Those gains might be only temporary.
I think those "gains" were because of the GUI wallet news (yesterday?). On my opinion a GUI wallet have almost noting to add to the current value and this is a two days hype. If you think you missed the train and want to buy I think it's going to be where it was very soon. I have less then 1 BTC and some XMR and I'm not replacing any of those for BBR. If i had for example 100 BTC - why not - I was going to buy some just in case.

Additionally, I'd like to add that there's very little supply. There's been a 50 BTC buy wall @ a price of 177% of yesterdays starting value before the spike .. it's been there for hours. Nobody has sold into it. To further test this, I put out a few very small orders of my own and, again, nobody sold into my buys until a little over an hour (I set them at 230% of yesterdays value!) . I think this has a lot to do with the private GPU miner situation .. where the people who don't have access to it are forced to have extreme expectations on what price they should sell at. I literally can't buy any at a price that's more than double yesterday! I wouldn't even consider paying more than that .. so ultimately I had to just give up. I hope some real progress is made on addressing the tendency to hoard ..

Well hoarding is always a problem, but perhaps there are just too few of them to not hoard, if you know what I mean.

EDIT: how fast is the supply increasing?