The theory goes that it is less risk to buy once trend change is confirmed, as opposed to trying picking the bottom. For whatever it worth. I myself do not trade anything, but options.

from TA point of view, there is nothing to talk about until it moves above 3.25, than we have higher highs and higher lows on daily which is what all the money on sidelines ultimately are waiting for. (whatever TA tea leaves they are using).

Is this based on some kind of unknown to masses magic or is it because once the coins are stolen they cannot be stolen again (not from the same person anyway)?

re: impusepay - lots of marketing BS, they use every trick in the book to make it appear to be a great deal. It is not in reality any good. Take in account VAT, fees, hidden fees etc.. and you back to square one.

we are working on improving UK pricing (except some particularly dumb and greedy carrier) and rolling out major countries/markets soon as far as SMS is concerned. And there are a few more tricks up our sleeve, which will be revealed shortly.

Also when you compare this service to exchange prices maybe you should not looks at it from point of view of buying 1000 BTC but from point of view of buying 1 BTC. For example, what is real cost of buying 1 BTC from MtGox? Like sending all the passport scans, wiring money in, waiting for paperwork to be done, waiting for money to arrive and be credited to your account, paying all the hidden currency conversion fees, praying not to be goxed etc... Meanwhile with dialcoin buying 1 BTC takes 30 seconds and we do not even ask your email address let alone passport scans.

I would claim that in terms of costs buying 1 BTC from dialcoin is one or maybe even two orders of magnitude less expensive than with mtgox. If you want to buy 1000 BTC https://dialcoin.com is not for you. As simple as that.

Not to mention that mtgox does not allow you to dump soon to expire phone credit.

yep

Lol, hundreds I bet. Most small time, though. Both shorts and longs. Kids do not know that playing with matches and margin is a bad idea.

BTW I did not say "some powerful oligarch", just "some oligarch".

Source? lol!

A little bird told me.

This is a crazy rumour not a news. But hey maybe you should look around and it might not look that crazy all of the sudden.

For whatever it worth. Warning: crazy unfounded speculation below.

Wanna to hear some unconfirmed and crazy rumour?

Some Russian oligarch started accumulating some bitcoins today, bought like 8k BTC today so far. Perhaps going to accumulate some more and than make some announcements that some mironation accepts BTC as "official" currency.

Burn shorts! Burrn! lol.

Another shitcoin coming up.

The real short squeeze in bitcoin world will push bitcoin price to 20-30$ or higher even if for short time. Some tiny move from 2.5 to 3 is not a short squeeze at all, even if someone got a margin call. Wait for massive amount of margin calls one causing another and as result a violent parabolic move up. That would be the squeeze. The market is fairly shallow and the squeeze can be huge.

Potentially interesting strategy is to place some sell orders now in 20-30-50 range even if just to ease short's pain. lol.

from wikipedia http://en.wikipedia.org/wiki/INTP :


It is my unproven (intuitive) hypothesis is that INTP proportion at least among early adopters and the second wave (those of us who joined the fry in Dec 2010-Mar 2011) is higher than 1-5%.

As for the numbers in the above post. It is result of the questionarie indicating your MB type. The percent mean how strong every given trait is (level of confidence of detection). I think lower numbers for E and T mean that you could have been less than honest answering relevant questions ,or questions suck, or less likely your personality is not falling clearly into either camp.

Selly is having trouble doing paperwork in Portuguese. We've just sent him to some language school, with a bit of luck Brazil coverage is coming up shortly.

Outrageous!!!

I had words with Selly and he promised that this will be much less outrageous when you check it again next time.

If you refer to Myers-Briggs as pseudo science, I will not be arguing this point with you. However, this theory helped me to understand myself and other people. I also noticed that there is disproportionally high numbers of INTP's and ENTP's among bitcoin early and not so early adopters as compared to general population (but there is no credible research known on this).

<--- Waves to fellow INTP's (ENTP's too).

lol, we are going to have quite a show with all those underage (and two digit IQ)  shorts finally getting some education on topic of margin, leverage and short squeeezes. Get popcorn ready. 17 year old from Singapore is going to be your professor on this dear clueless shorts. The market will be his teaching assistant in charge of visual aids.


The first bitcoin short squeeeeze is coming up. I do not know when, but I am certain it is going to be violent.

Zhou will be fine in the event of coming up volatile short squeeeeze. Trust me, I know. lol. The shorts on the other hand may not find it being that nice to them. Being 5:1 leveraged short in a short squeeze is going to be quite a lesson for some.

Dear Kano,

It is impossible to have a coherent discussion with someone who is unable to build up a logical argument. There is no logical link leading from whatever I ever said using  my imperfect English to your claim that I allegedly said "BTC Guild is cheating someone". BTC Guild cheating someone may or may not be the case, I have not seen any 100% proof of either.

After you take some logic classes go read up on Stockholm Syndrome. Meanwhile, welcome to my ignore list.

Re scamming, your words not mine. I never said that. Switch to PPS proves nothing. Go get some logic classes.

Too bad MMC pool is down. Nobody is perfect it seems.

yep, and still it somehow matches the above closely enough and no credible information about this "miscalculation" have ever been posted or brought to my attention.