Bitcoin Forum

The other thread disappeared  :o



http://www.wallpaperweb.org/wallpaper/space/1024x768/Shut64.jpg

Which rally? Are you talking about the dollar?  ::)

He's waiting for the current CRASH!!! to end so we can fire this thread up again.

HEYYY!!! I JUST NOTICED I GOT ROBBED.


I'M MISSING LIKE 100 BITCOIN


POSTS AND ABOUT AN HOURS WORTH OF LOGGED IN TIME.  :-[ :-[ :-[

Okay! The guy who owns the bot isn't going to sell the rest of his 2000 btc! He's just putting up a fake wall.


Otherwise we'd be in $10 territory and he'd definitely be losing money

I wonder what this weekend will be like  ;D

hahahah

Don't you put your spaceship uterus in my thread!!  >:( >:(




Volume is only up 50,000!!!

http://www.24sata.hr/image/bumerang-se-ipak-vratio-nakon-punih-25-godina-504x335-20080102-20101019004924-57981.jpg

Boomerang time!

BAHAHAHAHA I KNEW IT FAKE WALLLLLLLLLLL

Here we go, here we go, here we go again!

Just went from 11.7 to 12.4 in a matter of... 10 minutes?

+1  ;D

Damn that was a quick reversal. Remains to be seen how long it lasts though.

Didn't this happen last Tuesday also?

Yea I suspect its just new players entering the market as their funds arrive at the exchanges.

I know it's the middle of the night, but volume is low and price is flat-ish.  This the bottom?

Boy I was wrong.  Broke below 11.50 and almost bounced off 11.00.  I think I'm posting in the wrong thread hehe.

RALLY TIME FELLAS !!! GO NUTS!

QUITE DRAMATIC... AT THE SAME TIME THIS IS HAPPENING, WE HAVE JUST HAD A THUNDERSTORM PASS OVER THAT CUT THE ELECTRICITY FOR HALF AN HOUR....NOW IT'S ....COMING BACK!!!!!!!!

Is the BTC going to rrrrrrrrrrrrrrrrrrrrrrralllyyyyyy.!!!!!?????

BUY BUY BUY BUY BUY BUY BUY BUY BUY OMG BUY

$10 is just such a farken magical number isnt it?

Buy buy buy, volumes for buyers at Mtgox are exploding like no one's business.

10$ is going down in 3 2 1 ...

R.I.P 10$

from 8.75 to 10.35 in just a few minutes.... it's RALLY time

That WAS the rally.

Time to drop again!

SELL SELL SELL!!!!

wait 5 minutes then


BUY BUY BUY!!!!

My 20Mb internet connection is not fast enough to handle these swings lol

Roller Coaster of Love
http://youtu.be/4-lbIfaqm0U

Go away for a few days and we're at 9?  Time for a late day rally imo, end at around 11.

Knock Knock.
Who's there?
$10.

"Why yes. Please enter $10."

"Good to see you. Sorry you can't stay the night"

^^

My computer is definitely too slow !
Maybe my brain too !

"Come on, I insist, $10. Here. Here are some Pajamas and Slippers. Please stay for awhile"

Ok, but only for a while..  ;D

Looks like some bulls are getting some action while the bears are hibernating

Nah I'm in for the bubble ride  ;D

Fuggit.  I'm back in at $10.66.  Watch it go down now :'(

I will. (watch it). In the morning :)

11 :D WE CONTROL THE PRICES GUYS !

Just watch it go right back down... Your wishfull (and greedy) thinking can't help the fact this will probably settle around 10$ for the next few days (until it goes lower probably). I could be wrong though, but we'll see.
I mean, your milking the cow is really becoming boring. You and Edward50 post one identical post after another, he just tries to convince everyone btc will fall and you try to convince everyone btc will rise...

after seeing many little green candlesticks in a row, the HUGE red hammer never fails.

BTC can't fail though, the truth is on MY side. The day you show me the news story that SHA-256 Encryption has been cracked is the day that "bitcoin fails". And even then the network can easily be upgraded to an even higher standard if that were ever to happen.

Almost back at $10.66

There are many ways bitcoin can fail, or at least be so crippled to be essentially considered a failure.

1. The major exchanges pretend to be banks, and governments crack down through anti money laundering and tax laws.  Has Mt Gox and Tradehill got the funds to fight drawn out legal cases, and can they exist without the support of banks?
2. The value of bitcoins keeps falling.  Speculators who got burned and miners write off bitcoin as another get rich quick scheme that failed.
3. Bitcoin fails to find a real use.  There's Silk Road, and not much else.  A currency that swings 10%+ on a daily basis isn't much good for use as a currency.
4. Bitcoin fails to get mass mind share.  People simply don't 'understand' it and fail to adopt it.  It remains the current niche player.
5. Something better comes along.  Maybe a system where confirmations don't take hours.  Bitcoin wouldn't scale if we suddenly threw a million transactions a day at it.
6. 50% attack.  If I was rich and powerful and didn't want to see Bitcoin succeed, I would buy up enough GPU power to gain 50% hashing capability and deny transactions for long enough to make others give up.  This scenario is unlikely, as the rich and powerful just don't care about bitcoin.  Maybe a hacker with a botnet could do it for lulz.

Collisions being found in SHA-256 would be the most unlikely failure scenario.

Only No.4 is a real threat, a mass mind share is the only thing that gold has but Bitcoin doesn't.

I think #5 is the biggest risk

A BTC with govt or corporate backing with an infrustructure already in place.

They would not want to dig a grave for themselves, any currency with all the characteristics of Bitcoin is going to hurt their interests(yes, including gold, the earliest decentralized currency, and that's why the U.S government banned gold hoarding for 40 years.)

Nip away at those stacks and..... up we go  ;D

Hold onto your bitches!!!!

It's fun to watch these giant bid and ask walls go up and down.  It's like watching two male peacocks face off without actually ever fighting by flashing their plumage at each other.

it'll be neat to see what happens if one puts their 2000 bid at 10.99999 and the other 1000 sell order at 11.

Nothing, because the first rule of being a market peacock is to never touch your opponent.

While funny, I think you are dead on with that comment.  I saw that happen a lot yesterday.

What about when they turn into market sharks and disappear right before they strike?

Night was great. We must do it again some time.  

cya ;D

It is taking of like a rocket!

almost dozed off and missed it lol

bumpety

Old miner is this for real? Whats going on ??? I been up all night. This is day trading on some serious steroids...

Time will tell but looking good atm

Everything looks ridiculously flat, but the price continues to go up!

Look at the shorter time graphs

If this is the real deal they picked a nice time to pull it - middle of the night and middle of a weekend in the US..

And we're off and running - $8.50   $8.66 $9.50 8)

posting obligatory stock market screenshot

http://theoriginalwinger.com/wp-content/uploads/2010/06/stock-market.jpg

 ;D

Yea its stalled. Oh well I made my money back.  ;D

Edit: can anyone tell me where the price is going in the longer term as Im getting cross-eyed looking at these charts?

Kthxbye

Let's see I think it'll get going again once the US wakes up.

Wasn't expecting to wake up and see this, to be honest.  I thought we'd be in the 5s, at least.  Hmmm.

And here we go again...lol

So get while the getting is still relatively good. http://www.smilies.4-user.de/include/Girls/smilie_girl_084.gif

I think chodpaba predicted a fast drop to 5's then spike to 9-10 then the real drop to low single figures in the time series analysis thread.

Well then the getting is still good if you want to ride that spike  ;D

Couple of days ago I thought that we would be seeing wild swings between 9.2 and 7.7. It is still in volatile territory as single transactions are moving the price by an entire dollar. it seems like the swing territory is between 6 and 9. It's going down again as traders are cashing out while high.

Agreed,

However dumping for a quick profit before there's enough depth to soak it up is kinda well....

7:45am, Central USA just woke up. xD

It's interesting to see how people insist on pissing their own pants in dumb attempts at trying to keep warm.

http://bestsmileys.com/peeing/1.gif

If you want a certain price for a certain volume then let it build so you can get it. Otherwise you're basically shooting yourself in the foot.

No, you didn't.

Bitcoin Rally Song(0:26 - 0:55 on this video): http://www.youtube.com/watch?v=fJMdKS_CYME

It fits well.

Why do you assume everyone has your exact strategy and position?  It's just as valid to dump, cause a panic, and re-accumulate later.  Not everyone is long bitcoin at the same price as you.  That's why it's called "trading."

Some of the bitcoin early adopters are perfectly cavalier about losing hundreds of thousands of dollars they could have otherwise had and diversified with.  It's nice to be a multi-millionaire before getting lucky in bitcoin.  Others may not have that luxury -- we're in the middle of a rough economic time, and an extra half million dollars may be the difference between having a bad time and clear sailing for many people.

Satoshi is worth over 10 million dollars at the current "buy buy buy it'll go to the moon" sale price.

All it takes is one early adopter to figure out that taking a huge dump on the market means they can wind up with MORE dollars and MORE coins than when they started.  And a lower difficulty to mine more.  And a purge of speculators. 

Errrm I don't really see how I'm making any assumptions even remotely like that.


Was made as a comment on ticker behavior at the time of the post. I'm cool with dumping but back then there was a string of attempts to move fairish volumes 3-600 that failed miserably but at the same time knocked a fair bit off the price without moving more than 80-100BTC. Yes I know that may have been the motive but it sure didn't look like it (at least not to me) usually stuff like that is a bit more structured  ;D

Early adopters sure they can crash the system but if you're trading in BTC with more than you can afford to loose then well..... The risk is one of the really attractive things for a lot of people.

Now we're talking...

I'm guessing the dude that sold 25000 btc hit a snag when withdrawing $1000 per day. Now he has to rebuy bitcoins and transfer them to tradehill to cash his money out.

Nope, he knew about the 1000 USD limit all along. He never wanted USD, he wanted to buy back more BTC than he started out with.

The $1000 is just a security short-circuit. Legitimate users can have bigger withdrawals arranged. And there's hardly any depth at Trade Hill to absorb a sell-off of that magnitude.

Who's the funny guy?

I'm guessing the dude that sold 25000 btc hit a snag when withdrawing $1000 per day. Now he has to rebuy bitcoins and transfer them to tradehill to cash his money out.


Nevermind.
It's "The Bot" Guy.