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121  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 16, 2013, 06:05:54 AM
To be sure, the goal of EVERY trader is to increase his wealth.
One of her goals is more correct imho. I like gaining trust through flawless trades a lot.
122  Bitcoin / Bitcoin Discussion / Re: Bitcoin at the US Senate on: November 16, 2013, 05:36:24 AM
Hello everybody,

this thread has grown quite a bit  : ( :

I found http://www.banking.senate.gov/public/index.cfm?FuseAction=Hearings.Hearing&Hearing_ID=955322cc-d648-4a00-a41f-c23be8ff4cad ,
but where exactly is the webcast going to be broadcasted?

I tried using the contact form on their website, but it is not available.

Thank you.
123  Economy / Speculation / Re: Guess the weekend low (16-17/11/2013) 0.1bitcoin prize on: November 15, 2013, 11:45:33 PM
392.5937
1GPgEKYw5i7N2gF7XkZqw3gVCWrgWr4N9L
124  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 13, 2013, 03:29:43 PM
Why does trading come to an halt so suddenly very often?

Even bots need a toilet break.
Damn advanced these models.
125  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 13, 2013, 01:48:38 PM
Sorry to be a little off topic here but i need a quick answer, do anyone know is the site buyxrp.com is legit?
You are asking random strangers on the internet...
126  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 13, 2013, 02:50:16 AM
In the meanwhile..

Btcchina at almost $400, compared to Stamp at $365.  And still apparently no one has figured out the arbitrage.

you need a chinese bank account to withdraw your fiat, but you need to visit china to get a bank account

thats the problem  Grin

I'm not implying most people could do it.  But surely someone could do it, and would be doing it, you'd think.

lol

*checking chinese subforum*
https://bitcointalk.org/index.php?topic=329534.0
Remember how BTC-E has always had low prices? There's a reason for that: hard to get money in.

And you know how now BTCCHINA has really high prices? There's a reason for that, too: hard to get money out.

If it was easy to do, people would already be doing it and we wouldn't see as large a gap as we do. China is a Communist country, and they have a strong hold on their currency. Just doing some quick Googling, Chinese residents can only send $50,000 per year overseas.

So, let's say you put up $45,000 to buy 150 coins. Send them to China, sell for $340 each, split the $6,000 profit with your Chinese partner, and have them wire back $48,000 (while also possibly paying taxes and bank fees, etc).

Oh, and don't forget to add in your trip to China  Cheesy

So you might make $3,000 for the year. You could exceed the limit by having your Chinese contact's friends and relatives send you transfers in their names, but it seems like that would require even more trust.  And if the price of bitcoins goes way up and the price difference stays the same, you'll hit your limit earlier and make less profit.

It's a nice idea in theory, but I don't think it will pan out as well as it looks. Please let us know if you do try it, though!  Smiley



Sure, but still at some point it must become profitable for someone..  If btcchina was at $1m/bitcoin and Btc-e was at $100/bitcoin, someone wouldn't take advantage?

Cmon homeboy

Maybe traders assume there is soon a chinese SR-like takedown to come? This risk is therefore reflected in the price difference.
Is this called efficient market hypothesis - dunno?
127  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 13, 2013, 12:17:52 AM
bull trap on stamp?
Just big players, arbing ~ 40$ per coin imho.
128  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 12, 2013, 01:44:20 PM
I just got locked out of my gox account, it's asking me for a yubikey and stating Invalid code sent when i hit enter, I dont have a yubikey.

Now i was blocked for too many requests from my IP for 24 hours AND i can't log in, worked fine 2 hours ago.  They still havent responded to my support request.

Goxxed. Thats what I get for giving them a second chance.

You don't have 2fa? Your account maybe hacked? Is there a number in support where you could call? Try to recover your password.

relax. stay friendly. they will not take btc from your account. hopefully your password is/was safe.
my experience with them concerning issues like this was always good. i had an account that was sitting untouched between 2011 and 2013 (i thought it was lost, but it wasn´t)
Barbs, if you use Google Authenticator, you could try re-syncing the application.
129  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 12, 2013, 11:04:59 AM
Is it possible to predict/estimate, when bitfinex funds hit bitstamp?
130  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 12, 2013, 06:58:44 AM


no bitstamp asks on bitfinex orderbook

seems bitfinex is out of stampUSD

EDIT: even says it right there: "Not enough USD reserve on Bitstamp, you cannot buy on Bitstamp at the moment."
Bearstamp looks pretty deserted. Can we say that bitfinex accounts for the most traffic, or are there other reasons?

I'll be legitimately surprised if that's true. But, it actually seems fairly likely, looking at bitstamp's current depth.

For reference:

131  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 12, 2013, 06:41:48 AM


no bitstamp asks on bitfinex orderbook

seems bitfinex is out of stampUSD

EDIT: even says it right there: "Not enough USD reserve on Bitstamp, you cannot buy on Bitstamp at the moment."
Bearstamp looks pretty deserted. Can we say that bitfinex accounts for the most traffic, or are there other reasons?
132  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 12, 2013, 02:48:55 AM
Recovery key doesn't help. The master key is encrypted with your recovery key and bootup usb. Thats the key used to decrypt the data, and its not stored anywhere except the drive itself.

I think I was one of the last ones to successfully withdraw from gox, thankfully pulled out all I needed to buy my house before the withdraw problems started.

Although it was at an average of $120/btc, missed the 266 bubble and this runup... Would have been way better off with a mortgage.
You can talk about sellers remorse in a couple of years.

Still got plenty more.

Besides, remorse is the 5000btc wallet lost to a corrupted bitlocker partition, or close to that lost to pirate.

Jesus Christ, I can't imagine.

Truly no way to recover that partition?

Sent it off to 4 data recovery companies. Almost all datas intact, but the bitlocker metadata (including master key) are corrupt... 256 bit AES key

I wouldn't give up if I were you.

Obviously you can't brute force a 256 bit AES key. But you MIGHT be able to brute-force an algorithm to fix whatever corruption happened to the metadata... I'm not an expert but at the very least it seems plausible.

For 5000 bitcoins, I'd hire an expert and get a few Amazon GPU clusters going. If you're not into the idea of trying out of pocket, maybe you'd be willing to crowdfund to give it a shot? I'd be interested.

Metadata dosen't matter too much, the key is part of whats corrupt. Would me far more cost effective to attempt to brute force the silk road coins

I'm just speculating that most of the information is still there, that maybe only a few bits are wrong, or that something is bit-shifted, or whatever (again, not an expert). It seems much, much less computationally intensive to try to repair the key than crack a wallet blind.

The first few entire sectors of the drive are unreadable.

Heh, one more order of magnitude in price and it will be worth getting your drive under a magnetic force microscope. Maybe you should just donate it to an MIT (or Northwestern University) materials science lab and  tell them they can keep half of the profits.

(I did my PhD at Northwestern - they are a top materials science research university, let me know if you need a connection)

5000 BTC is already approaching $2M USD... I doubt those labs charge that kind of money for consulting?

Hell, I bet a lot of schools would reciprocate in-kind if you donated an MFM module.

http://www.asylumresearch.com/Products/VFM2/VFM2.shtml
He hit the wrong button?
http://www.youtube.com/watch?v=GLxaVFBXbCk
133  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 12, 2013, 02:41:47 AM
I think we can go low for a day or two, there is still room to go down, we are a little overbought:



But anyway, this is Bitcoin and i found that the correction has been enought so my count is:



We almost touched the hourly MA support and bounced from it, we can test it again and bounce stronger from about $285, this will be a great opportunity to go long.

Toughts?
So far so nice a prediction.
134  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 12, 2013, 12:00:07 AM
So it appears the seller is not really out yet and he just pulls back to toy with the buyers. This could consolidate for days or weeks till it meets the October trend line. Or maybe there's a small chance of a crash even. In any case this isn't worth the now 0.61%/day  interest rate on bitfinex so I'll just go back to holding regular btc (i took a new margin position at $275)

so basically today we learned what we knew already which is MT Gox sets the price of this market and all the other exchanges just follow Mtgox.

Uhh I hope that is supposed to be sarcasm. Bitstamp doesn't give a shit what MtGox does, it's going up while MtGox was going down.

Bitstamp doesn't always follow the smaller gox movements but does panic on the larger movements ($15+).
Bearstamp characteristics.
135  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 11, 2013, 01:41:34 PM
Banking holiday in USA for Veterans Day 11/11
That's what I was wondering. So tomorrow, even more funds should flow in Smiley
136  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 11, 2013, 01:27:16 PM
Bids on bitstamp keep growing
137  Economy / Exchanges / Re: MtGox withdrawal delays [Gathering] on: November 11, 2013, 12:46:21 PM
Tested 7.5 BTC into Gox and withdrew a day later with paid fees for testing purposes.
The transaction appeared in the blockchain in less than 10 minutes.
138  Other / Beginners & Help / Bitcoin Days Destroyed Metric on: November 11, 2013, 10:34:39 AM
Does it increase days destroyed, when a transaction is performed internally by bitcoin-qt or bitcoind?
Your answer is highly appreciated.
139  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 10, 2013, 09:00:43 AM
Panic some more, please. It is so fun to watch Smiley


What we are seeing now was not so hard to predict:

Flashcrash alert.

The rest of the week may be choppy since we are already so much higher than last week. The weekly gains tend to normalize, and I would not be surprised to see Sunday at around 280-300 like we are now.

Retest of previous ATH from the above in the form of flashcrash is probably coming. I don't believe sub-250 territory will be visited except during the flashcrash.

Risk of a change in main trend is low.

Looking forward, it is better to buy now than wait. I would be wary if price goes 600+ in November or 700+ in December, since they may be overextended.

BUT

A real crash will have the following characteristic:
- price will have risen really high, really quickly over several weeks
- 100,000s of bitcoins are brought to the market by large manipulators that are sure of their ability to tip it over
- Some bitcoins will be sold to induce the forced closure of leveraged positions, resulting in a flashcrash
- Price will quickly bounce back to almost where it was
- The following day/night lots of bitcoins will be sold to destroy the market sentiment and start a panic
- Exchanges, information services, this forum, etc. will be ddosed, mass media publicity will be enormous and negative
- Price will plummet so that about 3 weeks' gains will be erased (about 75% from the high), although it will remain above the previous ATH (in this case $266) by a clear margin.

I won't go into details why it happens this way, but a big reason is that exchanges utterly lack liquidity and btc/usd-rate is therefore at a mercy of manipulators.
AND in addition to that he predicted the fibonacci retracement, which could be observed today!
140  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 10, 2013, 07:36:18 AM
what happened, I just woke up to see this price !!! and the low was 290$, how long did it last ? I have an alert on my phone but it rang only once I couldnt hear it.... I am so angry that I missed the bottom.

do you think it will crush further ?

classic bear trap, everyone here feel for it.

no this is pretty much bottom, try and catch the last few panic sellers.
How do you spot a classic bear trap?
FWIW I thought we hit 250 before any stabilization Sad
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