I must admit that I haven't taken the time to read this entire thread. My only reason for replying is to admit that I am a naturally trusting person who believes that everyone is innocent until proven guilty. This does not mean that I naively give away my money to the first person that offers to do something beneficial with it. It's just a simple fact that a person who has paid the price to become honest will naturally be able to recognize those who aren't. This experience has a habit of relieving one of any sense of paranoia.
I think in a forum like this its better to assume everyone is guilty/untrusty worthy unless proven innocent/trustworthy...
Sorry, did you just mention something called a BIDWALL!!
Please explain...
Sure!
http://i.imgur.com/cOfFM.png This is a chart (as of about a day ago) of people's asking prices for Bitcoins. The "asks" are the prices for which people are willing to sell their Bitcoins, and the "bids" are the prices people are willing to pay for Bitcoins. Now, look at the "bid" part of the graph. See that huge step up at about $2.90? Most of that is coming from a single buyer, who has claimed he is willing to buy a massive number of bitcoins (about 40k if I'm reading it right) at that price. Up until about a day ago, such a bid existed at $2.65, keeping the price of Bitcoins from falling below that. With that floor in place, the price worked its way up to $3 over the course of a few days, at which point the enormous bid at $2.65 vanished and was replaced by one at $2.90. To me, this looks like someone with a lot of money deliberately trying to ratchet up the price of Bitcoins for reasons unknown... which means that as soon as he decides it's no longer worth his time, all of that support at $2.90 will vanish, and who knows what'll happen to the price then.
I think you're on the money
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BoardBeginners & Help
Re: So, are we shuffling forward?
by
Chin-A
on 01/12/2011, 09:47:37 UTC
Waiting for it to hit $3.5 and I'll start trading again!
Had a whole lot of BTC stuck in my account since i bought some @ $3.2x early november. Wasn't able to do anything ><
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BoardBeginners & Help
Re: Whitelist Requests (Want out of here?)
by
Chin-A
on 01/12/2011, 09:45:39 UTC
Hi there,
I'm from China and interested in getting more people into the community,