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CNBC now has a Bitcoin ticker
- wcfields 13y agoHahaha. I love the idea of Wall Street jocks vs. Internet Nerds in FOREX. I can just imagine some lower Manhattan hedge fund guy shorting Bitcoins just because he's got 100k in fun money.
- wcfields 13y agoEdit: Holy shit, the exchange rate dropped to ~74 from, what, like 250 yesterday/day before?
- ttrreeww 13y agoBitCoin is currently capitalized like a mid-sized stock. 11m * 80 = 880 million company.
- betterunix 13y agoUnlike Bitcoin, stock in a company has meaning beyond the stock market, such as voting rights or equity in the company. Bitcoin makes no guarantees at all -- even fiat currencies like USD carry some sort of legal meaning (e.g. that you can use the currency to pay taxes or to settle debts).
- vrotaru 13y agoThe stock market is a place the stock is traded. A bitcoin exchange is a place where the bitcoin is traded. Obviously this is neither the only actual, nor potential use of bitcoin.
- fnordfnordfnord 13y ago>Unlike Bitcoin, stock in a company has meaning beyond the stock market Or at least that's what we like to think.
- hkmurakami 13y ago1 stock represents fractional ownership of the company, which owns physical assets, liabilities, accounts payable, etc. In other words, real life assets. On the other hand BitCoin fundamentally has no tangible asset backing it. Its price is driven purely by supplly/demand, rather than any sort of book value. I don't know enough about macro finance to discern whether this is a good/bad/neutral thing for BitCoin, but it's a worthy distinction to make in comparing stock and Btc.
- zimbatm 13y agoCouldn't the real life costs of mining the coins be a base for the bitcoin value ?
- jacquesm 13y agoYou mean that guy that bought at $12?
- incision 13y ago>I love the idea of Wall Street jocks vs. Internet Nerds in FOREX. Wall Street has had its own nerd contingent for a long time: http://en.wikipedia.org/wiki/Quantitative_analyst http://en.wikipedia.org/wiki/Quantitative_analyst
- hkmurakami 13y agoEspecially these days, a Manhattan hedge fund guy is more likely to be a Quant than a Jock. You're probably more likely to find jocks in the mega-banks, particularly in the flow trading and sales departments.
- illuminate 13y agoThere's not really much of a difference with brogrammers.
- ttrreeww 13y agoCNBC likes to rub it in I see
- mhurron 13y agoIt's really easy to implement an image of a down arrow so it takes no work to look like they're 'keeping their finger on the pulse' as it were.
- deleted 13y ago[deleted]
- smoorman1024 13y agoThat's pretty cool. Too bad they'll probably have timeouts when they can't connect to Mt Gox like everyone else.
- coin 13y agoThat's just poor software by websites that hang when polling MtGox. Much better would be asynchronously grab MtGox's quote and cache the lastest value.
- Philadelphia 13y agoWell, if that's not a clear sign that the bubble's about to burst, I don't know what is.
- wilfra 13y agoAbout to? It's down over $150 in two days...
- jhales 13y agostill has a lot more to go before you get to the price levels people started chanting 'bubble' at.
- smsm42 13y agoWell, these things only can be seen post factum. Right now it could go back to $300 (though I personally have hard time believing that) or to $30.
- maxerickson 13y agoI'm only casually watching the Mt Gox ticker, but there is an awful lot of buying whenever it gets to ~$70-$75.
- lambda 13y agoYeah, but yesterday the same was true when it got to $100 or so. After a crash, there are always enough hopeful people to support a price for a little while, before it starts sliding down slowly again, until it reaches its next plateau. I would expect this to get back down under $50 again (and I think even down to $30-$40) before it makes any kind of real recovery. But of course, I'm guessing as much as anyone. I just wish I hadn't been busy at a trade show this week, or I would have sold when they were in the $150-$200 range.
- laichzeit0 13y agoRight now there are no trading fees on Mt.Gox until tomorrow. This probably gave (a) the guys with automated trading bots a field day to tweak their algorithms and (b) Mt.Gox a chance to take advantage of this to see if they can handle the increased load in trading. My guess is that there's going to be a last minute scramble to buy before the trading fees get reintroduced probably pushing the price up a bit. When trading fees go in there might be slightly less liquidity, compared to yesterday and today. Entirely speculative on my part, but plausible anyway.
- known 13y agoBitcoin will not succeed until it's pegged to OPEC oil. https://en.wikipedia.org/wiki/Nixon_Shock https://en.wikipedia.org/wiki/Nixon_Shock
- inthewoods 13y agoSure sign of a top in Bitcoin. I remember the same thing about real estate - CNBC was doing a national tour about real estate and how there was nothing wrong. Then boom.
- paulhodge 13y agoIt's still too scary/hard to purchase BTCs (wire transfers to foreign banks, sending in a picture of your driver's license, that kind of thing). Once you can buy BTC from a reputable US site using easier payment methods, then we'll get to see an even bigger bubble.
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- CallingIit 13y agoYay another Bitcoin thread! If we post another dozen, it might give the illusion that this isn't a unworkable currency and the chumps will start wasting electricity!
- 9k9 13y agoAll currencies achieve credibility through hype - if it's going to work expect much more.
- ihsw 13y agoIt doesn't have a Bitcoin ticker -- it has ticker for USD<->BTC. The values of currencies on their own are purely subjective.
- sehugg 13y agoThat's horribly ugly, riddled with ads (some broken) and it's at least four hours out of date. It's a metaphor for ... something.
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- dj2stein9 13y agohttp://bitcoin.clarkmoody.com http://bitcoin.clarkmoody.com is the best real-time bitcoin chart that I have found so far.
- HNLogInShit 13y agoBitcoin: Get over it.
- cwp 13y agoThat makes sense. I bet CNBC loves bitcoin. Breaking News! Bitcoin loses 75% of its value! Bitcoin Rallies! Bitcoin hits all-time high! Bitcoin down on fears of IRS scrutiny. "As we head into the noon hour, we have a panel of experts in studio to discuss what this afternoon holds for bitcoin"