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1921  Other / CPU/GPU Bitcoin mining hardware / Re: Largest Effective USB Hub for Block Erupters? on: July 30, 2013, 11:31:37 PM
That auction lists the output - 5V@1A - 1 Amp?!?!?

Once you've purchased it and find it only runs 2 erupters - Please post in the above "list" thread, so that others won't make the same mistake.

Shit, title said 2A... that's terrible.
1922  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: July 30, 2013, 11:25:35 PM
I mentioned earlier it took 15 full days for my deposit to hit Gox, which made me shit myself as it was a large amount and i realised they could scam me or they could collapse at any time and i'd be totally screwed. But in their defence my bank did contact the Japanese bank to trace the funds and the reply i got back from my bank is that the funds had been credited to the account on the 25th, which was the day that Gox credited my account. So it may well be true that their bank is the one screwing them over, my banks said 3 business days to arrive but it took 11 business days for them to credit the account so I have no idea what is up with that, it's a corporate bank you'd think they could do better than 11 days.


And people wonder why bitcoin is valuable Roll Eyes.
1923  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: July 30, 2013, 11:24:18 PM
Where am I able to confirm this.....
Quote
In fact, they have the highest percentage of orphaned blocks of any pool (over 50% of the last 70 orphans were AM)

Not entirely straightforward, but if you click on the timestamp below each red x it will tell you who relayed it:
http://blockchain.info/orphaned-blocks
1924  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: July 30, 2013, 11:18:53 PM
You should probably let go, it's not good for ones health to be passive aggressive all the time. If you think it's not possible to profitably trade in the longer term (ie have an edge), I'm not sure why you're so drawn to speculation at all.

Noone's claimed he's a Cassandra. Trading is a game of probability combined with your profit/loss on each trade. Believe it or not, you can be wrong most of the time and still make money.

Did it occur to you you made ridiculous claims and were wrong 3 times in a row. How the hell is it possible you completely ignore this and just go on with your claims while its clear you know absolute shit all?
How does one do that? Don't you feel even a little bit stupid? Is there nothing inside you that says maybe i should stop acting like i know what Bitcoin will do because i don't? Don't you have any shame whatsoever?

i don't want to take side in whatever you two have going on.
but everytime Blitz is posting i expect a quote from you just because i got used to it.
the hero member status is by no means a badge for complete reliability, but it's good to see the perspective of people that are around this place for such a long time.
When I read through your post history with the ongoing fixation on Blitz and take the time in consideration you registered here... Undecided

after all this is a speculation thread so you don't have to take every word with a grain of salt.

ShroomsKit has been upset lately.  I hope whatever is bothering him gets better.
1925  Economy / Speculation / Re: Market has peaked, sell off incoming. on: July 30, 2013, 11:17:14 PM
~ $92.50 then we run for $104

Well the bears disappoint slightly, but the correction bottomed at $93 and then wave 1 of 3 of 3 off the $65 bottom is probably finished at $99.9.  Now we have a small corrective wave followed by 3 of 3 of 3.  Students of Elliot Wave know what that means.  Wink

Bears underperform again.  Wave 1 extended to finish at $102.85.  Corrective wave 2 of 3 of 3 is nearing completion and then we well have our 3/3/3 off the $65 bottom.

3 of 3 of 3 has begun.... unless this is just a C wave in a giant bull trap Tongue.
1926  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: July 30, 2013, 11:12:02 PM
Is the withdrawal problem still not resolved at gox?
To answer this, I would simply look at the spread between MtGox and other exchanges (Bitstamp in particular), which has been around 8% the past few days, so most probably no, regardless of what people may say. Nothing is being arbitraged in any significance here.
Thanks Blitz.  I was guessing from the percentage differences (look at today's 9-11%+ on my earlier post) that there is significant delay making arbing impractical.  However, that is of lesser concern to me than the risk this may be an indication of gox potentially in big trouble.  What's word-on-the-street about that?

Some streets claim the sky is falling.  Some streets claim they will rape your cat.  Some streets claim they got withdrawals without issue and have provided screenshots to quell the mob.  Personally, I'm not worried.  But then again, I have no need to withdrawal fiat from Gox since all my trading on their platform is attempting to make btc profit.
1927  Economy / Speculation / Re: Yet another analyst :) on: July 30, 2013, 11:08:56 PM
If we break $110, I will eat my feet.

Good short position here in my opinion.


ummm, I all ready thought you said that about it crossing 100. or was that your hat?

something along the lines that bitcoin would never be in triple digits again and if it does then it CERTAINLY will NOT be anytime this year. and that you would eat your hat, or you would bet your house on it or something to that nature. maybe you should post that video of you and your feet for all those fetish freaks. but a promise is a promise so start washing and stretching Grin

I couldn't find that in his post history going back clear to April, so you are likely making shit up.  However, I did find this:
Yep, but it looks like it will take longer. A bottom by mid August seem unlikely and very optimistic.

Woops! Yes, I completely agree. Extrapolated onto the wrong chart Smiley

This puts us at a bottom around $30 in November, later this year (which I think is definitely plausible), and $100 again by next July...

Here we go (edited previous comment):



He was only off by a year Wink.
1928  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: July 30, 2013, 11:04:21 PM
Now the question will be:
What kind of rally can be triggered from an exchange that is paying maybe 10% of the withdraws?
Why do people keep having trust in it?

It turns out buying bitcoins makes it easier to withdrawal Tongue.
1929  Economy / Speculation / Re: How to Explode the Price of Bitcoin OVERNIGHT! on: July 30, 2013, 10:58:58 PM
It is like the old saying goes "Money is worthless if you are not spending it"

Good thing Bitcoin is more than just money.

Bitcoin is only as good as the fiat it can be converted into.  Remember that.  Wink

I must have imagined all those other things I have had sent to my house in exchange for my btc.
1930  Economy / Speculation / Re: BITSTAMP eXchange wall Observer. second biggest and best exchange on: July 30, 2013, 10:58:04 PM
wow i have never seen more then this much in the seperation of prices vs mt gox. double digit separation in price comparison. a bit over 10 dollars. at least it was when i check a bit ago. wow all back to that arbitrage discution. if there was a way you could buy btc on stamp and sell on gox ten a coin you would make. but then the whole thing with not getting your money out of gox. still its nice to dream. take a hundred coins and do this, thousand dollars just like that. haha of corse the fees of this and the fees of that you would not make that much. but i think with ten dollars in difference you could deff make a little right?


anyways i thought it was interesting how cheepthey are over here at bitstamp vs gox. good if buying bad if selling. best to move to coinbase and get more bang for your....coin?

But who wants to be in dollars at the moment?
1931  Economy / Speculation / Re: Yet another analyst :) on: July 30, 2013, 10:51:22 PM
I think wave (2) end  is there where you have 2 of (3). So now we have only 1 of (3).

And imo here is not (1)(2)(3), but (a)(b)(c) triangle next leg.

That is certainly possible.  Only time will tell.
1932  Other / CPU/GPU Bitcoin mining hardware / Re: Largest Effective USB Hub for Block Erupters? on: July 30, 2013, 01:37:20 PM
I dont find that list of hubs useful ... there is plenty of cheaper hubs on ebay, .... maybe they can break down but ... everything is made in china

http://www.ebay.com/itm/10-Port-Hi-Speed-USB-2-0-Hub-Power-Adapter-for-PC-Laptop-Black-5V-DC-2A-N4U8-/350840818287?pt=US_USB_Cables_Hubs_Adapters&hash=item51afbe0a6f

0.7 usd/1usb port

2A@5V means it can only power 3-4 USB Erupters before you blow your power supply.
1933  Economy / Speculation / Re: Market has peaked, sell off incoming. on: July 30, 2013, 08:21:16 AM
effing fractal layers.

so, could your current counts for the I-II-III waves (in july) possibly be an ABC corrective trend of the bear 5-wave count changing trends into a new bull wave I? I  emphasize possibly, I do agree with your wave III count considering the market psychology


You lost me.  effing fractals indeed.

If you asking if there is a possible bearish count that could invalidate this count, I would answer that while it is possible, I have a hard time overlooking the strong 5 structure off the recent low around $65 that I have labelled Wave 1.  I suppose my "Wave 1" could be Wave A of an ABC correction, and we could be finishing C here.  But I don't see the overexuberance yet that I would expect at the finish of C.

There is also the guideline that waves 2 and 4 alternate between simple and complex.  In the big-picture count Wave 2 was certainly a complex correction, so Wave 4 should be relatively simple.

I meant something more like this:


i think my question is, when you have an upwards ABC corrective trend of say a main bear trend, could that ABC be inside a trend-changing wave 1? or is ABC not even used at all

I don't think the ABC would apply unless the downtrend resumed, or if we had a complex correction.  Like I said above, Overall Wave 4 should be simple due to the complexity of Wave 2.  Looking at the action since $65, we have 1/A, 2/B, and are working on 3/C.  When this uptrend tops out we get to see if we will have a Wave 4 followed by a Wave 5, or resume the bear market.  Watch for a point of recognition in the middle of wave 3.  If volume doesn't pick up sharply, we might have a C and a we will be in a bull trap.  Or maybe the trap is already sprung and we will head down from here Tongue.
1934  Economy / Speculation / Re: Market has peaked, sell off incoming. on: July 30, 2013, 08:09:43 AM
effing fractal layers.

so, could your current counts for the I-II-III waves (in july) possibly be an ABC corrective trend of the bear 5-wave count changing trends into a new bull wave I? I  emphasize possibly, I do agree with your wave III count considering the market psychology


You lost me.  effing fractals indeed.

If you asking if there is a possible bearish count that could invalidate this count, I would answer that while it is possible, I have a hard time overlooking the strong 5 structure off the recent low around $65 that I have labelled Wave 1.  I suppose my "Wave 1" could be Wave A of an ABC correction, and we could be finishing C here.  But I don't see the overexuberance yet that I would expect at the finish of C.

There is also the guideline that waves 2 and 4 alternate between simple and complex.  In the big-picture count Wave 2 was certainly a complex correction, so Wave 4 should be relatively simple.
1935  Economy / Speculation / Re: Market has peaked, sell off incoming. on: July 30, 2013, 06:55:05 AM
notme do you have a chart of your wavecount that covers the beginning and end of the 2013 bubble?

Wave 1 ended ~ $32, wave 2 ended at ~ $2, wave 3 ended at ~ $266, Wave 4 ended at $65.  We are beginning wave 5.
1936  Economy / Speculation / Re: Market has peaked, sell off incoming. on: July 30, 2013, 03:51:36 AM
https://en.wikipedia.org/wiki/Elliott_wave_principle#Elliott_Wave_personality_and_characteristics

Quote
Wave 3: Wave three is usually the largest and most powerful wave in a trend (although some research suggests that in commodity markets, wave five is the largest). The news is now positive and fundamental analysts start to raise earnings estimates. Prices rise quickly, corrections are short-lived and shallow. Anyone looking to "get in on a pullback" will likely miss the boat. As wave three starts, the news is probably still bearish, and most market players remain negative; but by wave three's midpoint, "the crowd" will often join the new bullish trend. Wave three often extends wave one by a ratio of 1.618:1.
1937  Economy / Speculation / Re: Market has peaked, sell off incoming. on: July 30, 2013, 03:22:52 AM
1938  Economy / Speculation / Re: Market has peaked, sell off incoming. on: July 30, 2013, 03:08:25 AM
~ $92.50 then we run for $104

Well the bears disappoint slightly, but the correction bottomed at $93 and then wave 1 of 3 of 3 off the $65 bottom is probably finished at $99.9.  Now we have a small corrective wave followed by 3 of 3 of 3.  Students of Elliot Wave know what that means.  Wink

Bears underperform again.  Wave 1 extended to finish at $102.85.  Corrective wave 2 of 3 of 3 is nearing completion and then we well have our 3/3/3 off the $65 bottom.

I'm a visual learner....

1939  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: July 30, 2013, 02:51:29 AM
I have received a rather large box addressed to "Mr.Bitcoin"  Grin

price will rise sharply soon!
How many business days is it now to 180? Grin

IDK, but just the speculation around what is in the mystery box addressed to "Mr.Bitcoin" should push us to 120!




1940  Economy / Speculation / Re: Market has peaked, sell off incoming. on: July 30, 2013, 02:50:19 AM
~ $92.50 then we run for $104

Well the bears disappoint slightly, but the correction bottomed at $93 and then wave 1 of 3 of 3 off the $65 bottom is probably finished at $99.9.  Now we have a small corrective wave followed by 3 of 3 of 3.  Students of Elliot Wave know what that means.  Wink

Bears underperform again.  Wave 1 extended to finish at $102.85.  Corrective wave 2 of 3 of 3 is nearing completion and then we well have our 3/3/3 off the $65 bottom.
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