BitCoin - Intellectual Fraud or a Stunning Idea??

So, what really is BitCoin???

  • stunning, refreshing, extremely innovative idea

    Votes: 38 49.4%

  • intellectual, mathematical and computational masturbation

    Votes: 13 16.9%

  • media to waste electricity and computing power

    Votes: 5 6.5%

  • Only aim of idea is to make profits for innovators

    Votes: 17 22.1%

  • No wonder only a Japanese can come up with such an imaginary, illusionary, delusionary, grandeur ide

    Votes: 4 5.2%
  • Total voters
    77
hits $250+ then hits ~$100...in 1 day. :eek:

total volume dollar wise is still minuscule at ~$20m, wonder if mtgox itself is manipulating their own exchange.

wild west x 100
 
Oh, right there, Pekelo?

Why don't we see that equation go for -x2 +x-40?

I don't know what the obsession with arcs in financial data is. The presence of change over time is no more a predictor than the underlying capitalization of the capital stock in this currency.

By the way, is there any?
 
The saddest part is that the exchanges can't handle the volume. This is a trader's wet dream, look at the volatility. I think there is enough interest that any super big dip will be bought for a few weeks at least.

But the fluctuations! They are incredible, but untradable, unless you put out blind orders and hope they get hit...

I have just read, the guy put out a buy order at 140 because he thought he would be statisfied with that price. An hour later once it was filled it is up at 190...
 
Pekelo, your equations lost over 60%, and were applied inappropriately to non-linear data, which is a requirement to use quadratic equations so it isn't a surprise that when a binary choice between +\-x^2 means the difference between making and losing 50%, obviously that isn't appropriately represented in the data and you should never ever ever ever use those equations to fit a non-linear curve which is to say nothing really about the value of the underlying you were analyzing.
 
Quote from gmst:

I think the bottom is in.
Low formed on 71000 volume 4 hours ago.

http://bitcoin.clarkmoody.com/widget/chart/


EDIT: Wonder some of the early cheerleaders and proponents on this thread lost how much money!!!!
More...

lol lost money?

i think we hit the 2 or 3 week low or something? big deal. yeah, i was worth a shitload more when btc was at $265 each, but with dollar cost averaging, totally not sweating this. i hope it does drop more.
 
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