There's tons of bid depth...
Yeah, I noticed that the number of dollars on the gox order-book is at an all time high. |
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Edit: So what does it indicate the price will be in a year? :-D
2014 peek > $10,000 |
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Looks like it's heading back over $700. If I was one of the short sellers on Bitfinex, I'd be starting to sweat a bit now.
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Hi Alzadarr, welcome to the forum.
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makes no sense why sentiment is bearish if 11m usd is lent out compared to 4000btc
I think this indicator is based on the volume of loans per day and not the total lent. |
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wouldnt snowball cause spike downward if more positions are going long?
Yes, but everyone is going short. |
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What is this starfish and snowball youll talkin bout?
The starfish was an indicator to show that the platform had run out of funds to lend. A snowball is a situation where a forced liquidation of one position causes more positions to be liquidated in a snowball effect. |
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Has anybody seen that.  I haven't seen that seen I started trading in bitfinex? Not even the day it hit 400 dollars per bitcoin. I actually made a small trade at 388$(buy). Is it time to dump hard? In which direction does the market need to move in order to scalp the most people of which this indicator is based on? I would bet in that direction. It reminds me of starfish. * Ahhhhh, the starfish. Please let this be another starfish. The Bitfinex lending system doesn't work in the same way as Bitcoinica's did, so no more starfish I'm afraid. Now, snowballs on the other hand, are still possible, so we could see a sudden spike upwards. |
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Hello fellow coders, would recommend you take a look at Ian's site CIYAM. I'm in a similar boat myself. Welcome to the Monkey House!
 ... Monkey House. It reminds me more of this place;  |
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So this will only advertise to people that install the software. Why would anybody install this software?
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Thanks is that what you use?
Yes, it's not perfect as it only uses a few exchanges, but better than just looking at one exchange. By the way, the price you're seeing on preev is probably bitstamp's. |
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I'd say a coin with proof-of-stake and proof-of-work, without inflation, would be a very great coin indeed! I am not aware of one that exists.
So you want a cryptocoin network that never creates any coins? |
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Proof of stake has nothing to do with creating more coins, you use existing coins to sign the block.
Are you sure that's all? From what I understand that is only part of proof-of-stake's function. Yes you sign the block with existing coins, but you also get a percentage of new coins based on the coin age. For example: isn't there a 1% return on aged coins with PPC? And how about Philosopherstone (PHS) with a 50% annual interest paid based on the proof-of-work system? There maybe some specific implementations that operate the way you suggest. But, proof of stake itself does not need to be any different, inflation/deflation wise, from proof of work. |
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Proof of stake has nothing to do with creating more coins, you use existing coins to sign the block.
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Ah... 4.6... imagine how such a price today seems completely unimaginable!
At the time this price was relatively high. |
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We're happy to have you with us  |
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I'd be willing to act as escrow for World Cup bets, if you're willing to trust me. Just about all my business is in the btc community, so it would be very counter productive for me to rip anyone off.
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