there is 50% chance to crash and 50% chance to go sky high.
wat Someone has an amazing probability predictor there. |
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I'd like to drop a random recommendation: The SeaSonic X-Series might be an overall cheaper choice than it seems, despite costing about twice as much as the competition. Until 1-2 years ago, me and people I know have been using various products of "Be Quiet!" and seen them all break down within or slightly above the warranty. The exchanged ones broke down again. I've lost count, but it should've been at the very least 9 of them at a striking 100% failure rate. SeaSonic has a seven year warranty and wastes less power. In tests I've seen extremely stable voltages even if run 100W above target output. Their cable management has served me perfectly, no comparison with what I've used before. Since I started recommending them there are five running without one failure so far. If I had an exchange that sells SeaSonic stocks, I might be buying that. Now, I'm just buying their PSUs and recommending people to do the same until I hear of a problem. - Tip 1: Remember that a dead PSU after warranty costs the full price of a second PSU and the time to swap it on both system downtime and admin time.
- Tip 2: Never ever buy Be Quiet. They build stuff that self-destructs.
- Tip 3: Try SeaSonic X-Series or above. Even if the rest proves a fluke, seven years of warranty speak for themselves.
I'm not a miner, so I'll leave the exact power requirement to someone else. |
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I'm also missing the latest deposit. This is quite weird; a preliminary scan of the newest deposit addresses should not take very long. What might be the problem here?
Edit: Cleared at 29 confirmations. I did drop a line on IRC support though. Possibly it cleared when Gox opened as it is morning in Japan.
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Interesting, all the forums I'm apart of and this is truly a first. I see you said you will no longer respond to this thread, however I can't hold back,
How do you justify what you do?
Do you ever think what your mother would say if she knew all the wrong you've done online?
i was ripped off too many times. the world is cruel and not fair. thats all i need.
my mother abandoned me and my family. she left the country.
You are aware that is nonsensical? If the world was filled by people like you and someone started the lies and theft, the world becomes cruel and unfair because of exactly your kind. If one kid attacks another in the schoolyard, "that third kid started it" won't go well as an excuse. It would only sound sensible if it's done against the person who wronged you in the first place. |
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Are we talking how much money we put in, or how much money it's worth now?
Big difference there  I think this poll refers to how much money everyone has put in Then there would have to be a "negative" option. I agree the poll question is not very clear.  |
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I voted yes, though I think it should match the current mood. Call it "O NOES SELL SELL SHORT" when there's a bust (soon IMO) and "Leverage is the best" when the next Bitcoinica has formed. (Bitfinex is already starting to bring up memories... 170k$ long lol).
E.g. eight months ago, "Securities" should have been "Ponzi appreciation station"
Such renames might have a sanity-injecting effect. I don't know how the group-think works exactly, but it's ran users into walls consistently for the last two years.
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$5 was the end of the bear trap.
In the template is something like a 1:3 relation between first selloff and new paradigm. That would leave us with a peak of roughly USD 100. It doesn't have to stick to those figures, what is important is that the general relationships apply and they certainly do when looking on the all time chart. After all the slope of the initial runup was kind of steep. So it would still hold even if the top were something like ~500.
I'm not saying bitcoin must adhere to the template, but I really think that if it does the all time chart is the most applicable.
You're proposing an eighteen month bear trap in the bubble pattern of an asset that's only existed for four years. You're proposing a bear trap that constitutes 60% of the asset's all-time trade history. Isn't there something weird about that assertion? I think it's a lot less weird than most of the other things written on here. Why not? Human psychology and the spread of information doesn't care much about how old the thing at hand is. If Bitcoin had existed in the shadows for longer, that wouldn't change much about the current situation. Economic bubbles have typical life-spans of a few years, so in terms of the time-span it's not a long shot. Everyone holding mid-term made profits so far. If people make a rule out of that, we're bound to get bubbles with a life-span of years, not just months. These people will tend to hold independent of fundamentals or market valuation, stating "doesn't matter if it went wrong, in a year or two I'll have a profit anyway". It does become a problem eventually, though nobody knows when as long as the user base is growing. It's quite simple: statements that use price trends to predict price indicate bubble-type activity, no matter the time-scale. If this is a dominating factor, it becomes a problem. It certainly is a problem right now. |
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I really like that quote. Buffet shared the most concise and powerful hint on how to deal with speculation manias.
After all, if everyone has the same opinion, there can be much more profit potential in having a different opinion.
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Sorry, but this does not leave the impression of a "good video" at all. There is more known false information than useful content in this.
Why do people keep repeating this hardly sustainable claim that the Gox hack caused the 2011 bust? There was hardly any anti-Gox sentiment when the bust really kicked in. The "drop by half" after the hack is wrong. It took over a month until value dropped below 50% of the pre-hack value.
Bitcoin price was rallying like crazy long before the Cyprus thing came up. I know of no evidence that it would look all too different now without the news. On top of that: am I misinformed or could one just wire money from Cyprus to the US? If your bank account is already frozen it's inaccessible either way. If not, moving to an American USD account does not have any need for Bitcoin I'd know of.
The first thing they mention is the price hike. What's up with that? This kind of presentation is asking for simple-minded people to run in and buy just because "the price is going up".
The product list is absurd too; real activity Bitcoin gets is on Silk Road, web hosting, and automated web services. Not that any of those can compete with speculation. (They got that right, though formulated it in a very questionable way)
Mark is not Japanese, even though he runs Mtgox from Japan.
Reuters did this, eh? If this shows their quality checking, it is no wonder their feeds forward all kinds of nonsense.
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The minor error aside, it might not be wise to label the article as "fail" and move on.
The Economist has a brutal track record of writing correct predictions. I don't know of anything in the media that matches it. Of course they're wrong at times, everyone is -- but that's no good reason to ignore them.
There is no reason to call the article wrong anyway -- it certainly looks like a bubble, which is all they're saying. A little caution should be good advice here.
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"Do you still think we are in a bubble?" Why "still"? Doesn't a bubble become more likely the more price grows? It would be more logical to tend more to assume a bubble when price rises with extreme speed, not the other way around. |
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Take a look around. There are ASICs coming online.
The first ones from Avalon run at 68 GH/s per machine, which are increasing in numbers daily. ASICMiner has just started a >3 TH/s farm.
GPU market flood in 3... 2...
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As tactic goes, the post Theymos deleted didn't help anyway. It responded to something akin to "Micon sucks at life!", which is a rather ridiculous argument to support one's own credibility. I don't think there is much reason to get angry about this.
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The problems you are describing are not caused by free market capitalsim but statist interventionism.
Well, I would add certain types of monopolies. But yea, "people who guard and regulate the system" ... good job on the "free market". You'd need to twist language by a lot to make that work. At the mention of AIs in the OP: be happy if humans can keep a 1% share in replicating mass. Our society consists of huge farms, houses, vehicles, computers, networks, streets and railroads, tools, data storage from books to SSDs... and a share of humans that pushes the buttons and is flexible in fixing things. If an alien species came to see us, that famous image of two naked humans would be little more than a symbol for our civilization. They might need a second look to even recognize us; when would they ever see a human with no clothes, no tools, no accessories, no vehicle or building? And where's the difference from inventing a hoe to inventing a calculator? The job of manual calculation is gone for humans, fast silicon circuits do it now. Have fun trying to dig up farmland with bare hands. |
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Am I seeing things again or has anyone else noticed the strange behaviour of the 700 BTC ask bot that keeps popping up and refreshing itself near the ask price? Sometimes at the lowest ask, sometimes a bit higher. If someone takes a bite, after a while it gets reset to 700 BTC again. This has been going on since last night.
This guy either has very deep pockets and want to sell everything, or his manipulation is effective and he is pushing the price down and buying back at lower prices. In the last case this could be going on for a long time... At least until I get some cash into the exchanges.
It's called an iceberg order. How is it manipulation if someone tries to hide the size of his ask? |
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Sage
sorry, I had to. Also: make love not spam.
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LOL </thread>  |
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Bitcoin ist extrem volatil und es handeln lauter Verrückte und Anfänger. Noch fragen?  Zugegeben, die hohen Gebühren sind doof. Ich day-trade nicht besonders viel, bin nicht so gut auf kurzen Zeitskalen. Aber für erfahrene Daytrader sollte es sich echt lohnen. Gab auch ab&zu glaubwürdige Erfolgsstories von Bots und Chart-Spielchen und so. Goomboo war besonders witzig, der hat gezeigt wie man mit einer total banalen Taktik und minimalem Aufwand Gewinn macht, weil die Leute Trends zu lange fortsetzen. |
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The 500k number was never backed with anything except "omg there's a wallet with 500k, it must be PIRATE". At the time, everything that happened was accounted to "Pirate"; people treated him as the god that made all things in Bitcoin possible. AFAIK the amount he took is unknown. He did some crazy exchange dumps at 9-7 (people said he announced them in advance so it should've been real). Some people did work on uncovering his money flows, but nobody cared until everything was long over. There was also GPUMax, a large meta-mining site that magically paid out peoples' BS&T deposits instead of newly mined coins... Oh well. Those were crazy times. Time for a drink.  (That's cherry juice. I don't drink and post, I'm just crazy from the start.  ) Edit: before people think evil things: I was on the anti-Ponzi side, got the glass as a present from people who watched the show. |
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Any opinions?
Well, buying something when it's close to a price record years after it first gained public attention... ya, it can do profit, who knows the future. But whatever the profit, the speculator already admits screwing up by a huge factor and using horrible timing. Let's just say it doesn't classify as an expert move. |
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