Bitcoincharts Charts

[META] I am still wondering why the prices are so high.

ALTHOUGH THIS HAS AN "ANGRY" TONE, I'D LIKE MY MIND TO BE CHANGED ON THIS, POSSIBLY WITH THE SAME "CYNICAL/SARCASTIC" TONE, not with a shitload of downvotes and with rich people yelling at me. I truly love the fact that we have exchanges built on trust, person to person. Dogemarket has been my only way of buying dogecoins and I'm starting trading just now. So:
Looking at the number of dislikes and likes in the comments of the [META] post explaining the prices, there is a clear tendecy of conserving the right to set whatever price big sellers want. You don't agree? Have a downvote, a "ignorant" label and kick out of the market. Llet me sell my shit at my own price. This is lobby behaving. In the risks list, include how much you made from selling dogecoin at at least 30% the market price. Let's say you actually get that bitcoin: 1 BTC today from justcoin is about 500€; yesterday almost the same (+10-) Go to cryptsy (I'd go to vircurex, but let's stick to your case) and trade it for: 366,789 doge (right now). How much are 360,000 doge? Right now 445€, make it 440 to make it round. So 60€ to go even: about 15% (1.41€) more of the price on the lot will break even. From there up it's all in your pocket. How much is 30% of the price more? It's 70€ on 1 BTC you bought. So let's see what's on the market... 500k at 2.5$/k, which is 50%, 50% more than the price 5hrs ago (when it was posted). Well we know our numbers. How much is in the pocket of the seller? We're in luck! 5 hrs ago the price was still about (20€ more 4 hours behind those 5 I considered and vox allows 2,3h BTC transactions) 500€/BTC and dogecoin was again at 270 satoshi. We'll keep numbers high, although it is probable OP bought at less than 240 satoshi. It brings us again at about 1.41€ to break even: 705€ for 502,000Ð or 1.356 BTC at 520€/BTC, 260satoshi/DOGE. Woop woop we have at least 900€ cashed in with that 35% more!. Meh, 200€ every 2 or 3 days (assuming this isn't daily) and you complain about losing say 500€ every month? Fuck me that's still 1900€ per month at the rhythm I supposed. I understand the risk of BTC is rising fast seen the shit is happening. But hey, there's still Litecoin and a lot of other ways to buy dogecoin. I could even buy from you at 30% and then then sell immediatly after at 50%. I have not taken in account the dogecoin price oscillation! If anybody bought dogecoins when they were under 200 satoshi and selling them now at 30% more the ACTUAL price... shit... What am I studying for?
One final thought. Not everybody loses stuff. There are merchants that have bad luck like you, but for the rest there is no excuse. Being this a free market, you can sell whatever you want at the price you want and if there is someone buying, you'll keep selling. I don't think sellers that keep selling are in red. Honestly, If I had enough money, I'd mine my dogecoins and sell them at 110% the current price. I hope I will find a solution to this. P.S. How can you guys think PayPal and Amazon don't notice all that money entering?!? P.P.S Why don't you cut your transactions in little pieces, say 10,000 doges at a time? P.P.P.S. I really hope you understand I am a simple shibe. So if I made terrible mistakes in my reasoning, point them out; I'll bow my head and keep my journey.
TL;DR the prices in here are high enough to get most of the times about 15% back of the initial investment, if not more. Being for a lot of people entering dogecoin culture the first place to look at, /dogemarket should point more at spreading doge than squeezing out money at 30/40/50% of the actual price.
Sources: https://www.cryptsy.com http://coinmill.com/EUR_XDG.html http://doge.yottabyte.nu/ https://www.bitcoin.de/en
EDIT: TL;DR, format Edit2: how can you downvote? I see no blue arrow... - RES, okay Edit3: please see smuttr answer and mine below his/hers for the proof of my TL;DR Edit4: I get it: free market. People pay what they pay. So wake up, paying people. Meh... I haven't written all this to complain. Who should I complain with anyway? And you people talk, with 74 upvotes on a post about someone who chose the wrong website to buy bitcoin. What's that called again? Actually this post was just an answer to this one: http://www.reddit.com/dogemarket/comments/1xlzd0/meta_if_youre_wondering_why_the_prices_here_are/ Because I felt it was a little unfair how the voting system was hiding people trying to dissent with OP. I also wanted to make a couple of calculations to understand where actually the money goes in a 150% actual price transaction.
Edit5, final edit: The conclusion to this is that whoever thinks the prices are too damn high and tries to QUESTION, not complain, question why is that so, can go buy somewhere else. I'm happy you folks helped me with this. At least buyers will now know who they are dealing with. I profoundly thank smuttr for changing my mind on what the base price to calculate one's profit margin should be. Although I don't consider the incapacity of finding better instruments of exchange an excuse to charge more. As far as I see now: -Miners ride the wave of prices. Can't really say much... coinwarz.com calculate the break even on the actual price of altcoins, so for miners selling here, it will arrive 30% faster. -Traders are bound to this formula (that doesn't consider about oscillations, problems, risk...) : Investment / {'['(' {[(Investment - Wire)/BTCcost]exchange fee} /DOGEcost ')exchange fee'] -1'} /1000 Which with, for example Anxpro (it's the only one I know about right now), quickly collapse to I / {[(I-W)/BTCc] /DOGEc} / 1000. As you see the only variables in this one are I and W and, numbers in hand, the % of W in respect to I is what weights on the initial premium. So: [(I-W)/I - 1] is a constant factor to be considered in every price, until there will be no cost in bank transfer. In my example below is 2% and I honestly think it doesn't go above 5-7%. This means I>=200$ and W=15$. For fun, The exchange fees are to be accounted as they are. So now we have the IW + exBTC + exDOGE. I refuse to take in account the movement fees because they are plain stupid.
REAL TL;DR from the prices you see, you should account that about 3% is a real cost.
submitted by HeartBalloon to dogemarket [link] [comments]

Bitcoin Auto Trader Awareness How to Calculate Bitcoin Transaction Size How To Exchange Your TBC to BITCOIN 2019 Faucetpay - Faucet Litecoin - New 2020  Claim every 60 seconds can you mine bitcoin - bitcoin mining calculator difficulty increase - asic miner for bitcoin

Bitcoin (BTC) Profit Calculator is a tool to calculate how much Profit you would have made if you had invested in it. You can use it as Bitcoin ROI Calculator. Market Cap: $266b. 24H Vol: $136b. btc dominance: 62.39%. Oct 26, 2020 Login; Sign Up ... Bitcoincharts provides real-time NOK price data of the Justcoin exchange including charts, orderbook and more. Bei JustCoin, einer kleinen norwegischen Bitcoin-Börse, ... Bitcoin is een innovatief betalingsnetwerk en een nieuw soort geld. Calculator om geld Bitcoin (BTC) in en van Euro (EUR) het gebruiken tot datumwisselkoersen binnen om te zetten. Was ist Bitcoin (BTC)? Will Anna nun einen Kaffee bestellen, der 0. 001 BTC kostet, zieht sie einfach ihrer BTC-Bilanz 0. 001 BTC ab und fügt diese der ... Bitcoincharts is the world's leading provider for financial and technical data related to the Bitcoin network. It provides news, markets, price charts and more. Justcoin LTC/BTC Litecoin to Bitcoin price, trading and volume data for Alltime Market Cap: $339.41B / 24h Vol: $285.28B / BTC Dom: 57% / Cryptos: 7493 / Markets: 14790 Market Cap: $339.41B / 24h Vol: $285.28B / BTC Dom: 57%

[index] [19023] [43044] [46915] [17323] [27189] [3171] [2742] [5584] [2744] [46334]

Bitcoin Auto Trader Awareness

New, updates, calculations, theories about Bitcoin and Alt Coins with open livestream discussions. bitcoin calculator bitcoin value today cryptocurrency 2020 Ethereum faucet Dogecoin faucet bitcoin value bitcoin wallet bitcoin to usd bitcoin cash bitcoin miner bitcoin mining bitcoin news ... bitcoins Genrator tool No Cost Verified live https://twitter.com/imcodingmaster/status/970154530053570560 The Way to Buy BitFunPlay Bit Coin Games BitFunPlay... Every time we send a bitcoin transaction, we pay a fee relative to its size. Strangely, this has almost nothing to do with how much money is being sent -- the blockchain world just isn't that simple! How to exchange all your tbc to bitcoin very easy and fast 2019.

#