Bitcoins

DJBenson

mmedia wrote: »

By the way, im sure 1 BTC was going for £300 and hour ago and now back upto £400.

I was about to buy back in lol

Yup - I couldn't resist buying one, lowest price for a whole BTC on LBC was £325 - lowest price now is £375/BTC. Volatile is an understatement :eek:

dryhat

DJBenson wrote: »

Yup - I couldn't resist buying one, lowest price for a whole BTC on LBC was £325 - lowest price now is £375/BTC. Volatile is an understatement :eek:

As I said in my last post, the next hour or so will see Americans waking up to the these low prices and they will drive the price up again.

..... or they could start to panic sell and the price may drop.

Nobody knows, but I think a rise is much more likely.

The next couple of hours are going to be interesting either way.

DJBenson

dryhat wrote: »

As I said in my last post, the next hour or so will see Americans waking up to the these low prices and they will drive the price up again.

..... or they could start to panic sell and the price may drop.

Nobody knows, but I think a rise is much more likely.

The next couple of hours are going to be interesting either way.

BTC/USD has already risen $100 in the last hour, it's almost 7:30am in NYC so there is already signs of positive movement.

manhattan

Can i ask why the current BTC price is £336 and sellers selling for £400?

Why are people buying at £400 from them when its only currently worth £336?

dryhat

manhattan wrote: »

Can i ask why the current BTC price is £336 and sellers selling for £400?

Why are people buying at £400 from them when its only currently worth £336?

where are you looking?

manhattan

dryhat wrote: »

where are you looking?

Bitbargain sellers are asking £395-400
MtGox £325

DJBenson

There will always be a differential between buy and sell prices, but in the BTC world, that differential seems quite large. Localbitcoins currently shows £368.42 as the best "buy" and £323 as the best "sell" - quite a difference.

manhattan

Bitbargain seems a bit quiet and expensive then. Not many sellers selling more than 1-2 BTC.

Do people sell in quantities of 10 plus?

How quick is it to join localbitcoins and buy?

jimjames

manhattan wrote: »

Can i ask why the current BTC price is £336 and sellers selling for £400?

Why are people buying at £400 from them when its only currently worth £336?

That is the same with shares but with much lower spread between the buy & sell.

DJBenson

I signed up to LBC a little over a week ago and have done ~£8k in trades, I don't remember it being too onerous to sign up BUT some sellers are reluctant to sell to a newbie so you might need to look down the list for other newbies who are selling and build your feedback.