5 ms·

Hope the value doesn't plummet right after the sale. To say that the value of a Bitcoin has been on a roller coaster of late would be an understatement.

aneth4 14y ago
More of a rocket ship than a roller coaster. I call a top at 120 and back down to 20, all within the next few months. My sell order is at 112.
- damian2000 14y ago
  If only it was possible to short sell BC...
  - josephagoss 14y ago
    https://www.bitfinex.com https://www.bitfinex.com. Edit: In case any one needs a site for shorting (Disclaimer I lend out on this site)
  - tlrobinson 14y ago
    People seem to love talking about shorting Bitcoin, and a crash wouldn't surprise me all, but given Bitcoin's meteoric rise recently you'd have to be insane to actually do it.
  - tveita 14y ago
    "Markets can remain irrational a lot longer than you and I can remain solvent." — John Maynard Keynes The best thing to do with bubbles is stay the hell away. Better to put your money in an actual investment with real returns.
- T-hawk 14y ago
  Do you have any mathematical modeling and insight behind those numbers? Or is it intuitive guessing?
  - aneth4 14y ago
    Pure intuition and probably wrong. Better odds than as casino to though. And probably just as accurate as any model.
chii 14y ago
if more and more people/businesses start accepting bitcoin as payment due to the rise in value, it might get propped up due to the general usage (as opposed to speculation, whcih is what is propping up its value right now). The future is unknown!
mrb 14y ago
Pfft that is nothing. There is enough market depth that selling $400k of BTC would barely make the market dip from $72 to $68 (which was the market rate twelve hours ago)... http://bitcoincharts.com/markets/mtgoxUSD_depth.html http://bitcoincharts.com/markets/mtgoxUSD_depth.html Edit: oh, you mean for him it would be bad if the market fell.
- deleted 14y ago
  [deleted]
- fyi80 14y ago
  5% in one day is quite a drop.
  - alexjeffrey 14y ago
    not for bitcoin.
    - marban 14y ago
      or AAPL
  - tveita 14y ago
    There was a 7% drop today, and a 5% drop yesterday, and so on and so on, though so far the price has recovered after each one. I think you'd have to be crazy to be either the buyer or the seller of this, unless you were doing it for the publicity. I also wonder if they'd agree on the bitcoin price in advance, or if they would pin it to the dollar value up to transfer. Either way, imagine being the buyer, taking up a loan, maybe buying the bitcoins, and then suddenly not having enough money because the price has gone up/down.
    - Lambdanaut 14y ago
      Haha, that's a horrifying situation. To be safe, it's gotta be best to agree on the house's price IN BITCOINS before sale, regardless of future price fluctuations.
xyzzy123 14y ago
Also, psychologically I would personally find it hard to accept the idea of my $400k property being worth 26k BTC in say Dec (@15) and 5k (@70) in March. We're not in the 10k BTC pizza days anymore, but still...
- illuminate 14y ago
  He'd be cashing out immediately, but this gets his property seen by a great number of people who wouldn't otherwise care.

aneth4 14y ago

More of a rocket ship than a roller coaster. I call a top at 120 and back down to 20, all within the next few months. My sell order is at 112.

damian2000 14y ago
If only it was possible to short sell BC...
- josephagoss 14y ago
  https://www.bitfinex.com https://www.bitfinex.com. Edit: In case any one needs a site for shorting (Disclaimer I lend out on this site)
- tlrobinson 14y ago
  People seem to love talking about shorting Bitcoin, and a crash wouldn't surprise me all, but given Bitcoin's meteoric rise recently you'd have to be insane to actually do it.
- tveita 14y ago
  "Markets can remain irrational a lot longer than you and I can remain solvent." — John Maynard Keynes The best thing to do with bubbles is stay the hell away. Better to put your money in an actual investment with real returns.
T-hawk 14y ago
Do you have any mathematical modeling and insight behind those numbers? Or is it intuitive guessing?
- aneth4 14y ago
  Pure intuition and probably wrong. Better odds than as casino to though. And probably just as accurate as any model.

chii 14y ago

if more and more people/businesses start accepting bitcoin as payment due to the rise in value, it might get propped up due to the general usage (as opposed to speculation, whcih is what is propping up its value right now). The future is unknown!

mrb 14y ago

Pfft that is nothing. There is enough market depth that selling $400k of BTC would barely make the market dip from $72 to $68 (which was the market rate twelve hours ago)... http://bitcoincharts.com/markets/mtgoxUSD_depth.html http://bitcoincharts.com/markets/mtgoxUSD_depth.html Edit: oh, you mean for him it would be bad if the market fell.

deleted 14y ago
[deleted]
fyi80 14y ago
5% in one day is quite a drop.
- alexjeffrey 14y ago
  not for bitcoin.
  - marban 14y ago
    or AAPL
- tveita 14y ago
  There was a 7% drop today, and a 5% drop yesterday, and so on and so on, though so far the price has recovered after each one. I think you'd have to be crazy to be either the buyer or the seller of this, unless you were doing it for the publicity. I also wonder if they'd agree on the bitcoin price in advance, or if they would pin it to the dollar value up to transfer. Either way, imagine being the buyer, taking up a loan, maybe buying the bitcoins, and then suddenly not having enough money because the price has gone up/down.
  - Lambdanaut 14y ago
    Haha, that's a horrifying situation. To be safe, it's gotta be best to agree on the house's price IN BITCOINS before sale, regardless of future price fluctuations.

xyzzy123 14y ago

Also, psychologically I would personally find it hard to accept the idea of my $400k property being worth 26k BTC in say Dec (@15) and 5k (@70) in March. We're not in the 10k BTC pizza days anymore, but still...

illuminate 14y ago
He'd be cashing out immediately, but this gets his property seen by a great number of people who wouldn't otherwise care.