I got a single coin on that bet too. Can't wait to see how flooded the yes side gets when we get closer.
I'd been waiting a while for better odds. I got just under 2:1 this morning. Let's hope the no side continues to fill up during this downturn, and that the time weighting has decreased plenty by the time the upswing happens  |
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Why is simple incompetence always blown up into nefarious conspiracy theory. Can't people just write crap code anymore?
'Crap Code' that benefits certain parties immensely at everyone else's expense? The reason that everyone jumps to nefarious conclusions us because most of the time in the real world, such events are accompanied by nefarious deeds... Oh c'mon, the money was just resting in my account! My question, then, is whether you think Karpeles is an idiot, or an evil genius? I'm as cynical as the next man about a lot of stuff. I'm putting this one down to circumstances though. It was a trading site for an online card game... I'm guessing the standard of code for that wasn't too high I think he just got too deep too quick. I'm a coder I wouldn't relish having to suddenly learn everything about high performance n-tier architecture because traffic to my site was increasing exponentially, and the consequences of failure suddenly becoming millions of dollars. I think he panicked and hoped for the best. A lot. I reckon they are just a bit crap. Some have greatness thrust upon them; Karpales fumbled it Just my $0.02 though  |
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This is more a casual throw-away 'opinion' that I have come to without really focusing much attention on it.
Having been here a while, I've found they are the only opinions worth having |
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Very good, a link that can be confirmed, however you lose poots for it not being foreign.
6 poots.
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Today is the day all the buttcoin shills get rekt and my past posts are proven correct.
If you can't figure out that buying into a totally faith-based economy, with no regulation whatsoever, of a currency that doesn't even really exist, through a broker that has no compelling reason to give you any of your money back other than possible negative word-of-mouth, is a bad idea, then maybe you should really consider spending less time speculating on BTC stock and more time getting remedial education.
1 poot. see me after class. |
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You can't tell me you aren't trading this action!? Short sellers dream isn't it Nope. Decided that I didn't trust Bitfinex. A few days after I pulled my funds from the exchange they had that Bitcoin at $10'000 hack. Who knows how I would have been affected but I can get an easier nights sleep for not having funds anywhere in Bitcoin except USD on Bitstamp. It pains me that I can't short but I am getting a bit bored of trading and being glued to these stupid fucking charts 24/7, being woken from my sleep whenever the market is moving in a direction by Bitcoin dreams (seriously). What I am really wanting, is a good long opportunity where I can just sit back and leave it, and I hardly think I will need the instincts of a wolf for that. Bitcoin will slump down further and further, spiking down and bouncing up, providing great trading opportunities both long and short, before stagnating in a drawn out slumber, just as it did after the last two bubbles, and just like every crashed financial asset has behaved in history. I won't get the absolute bottom, but I will get much cheaper prices than what Bitcoin is now. Much much cheaper. Fair play. Seems we are on roughly the same page. I'm just gonna be buying with fresh fiat during these sour times, and holding what I already have, don't want to risk selling and having to buy back higher which I am notoriously good at (learned this way before BTC was in play). You have any thoughts on where we will bottom yet? Or are you waiting. For me I think obvious action will be around $450 (gox price - I think that *was* relevant back then, but maybe it was a tad lower on other exchanges) if that holds up then we might have found the bottom. It would be suspiciously close to a 68% fib retrace from ATH too... not that I believe in TA think these spikes to 100 are just noise created by freaks trying to cause a bit more fuss. (I also think if these players are doing that, then they are doing it for a reason and it will inevitably be followed by huge buying eventually as they will want to drive the price way above and beyond what it was to make good on their cheap acquisition) If it goes through ~$450 then I expect the previous high at $266 will be an interesting calling point. I don't think it'll go there though. That BTC she be crazy though... |
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I myself hold a small amount of bitcoins. I heard the price will be dropping to below 100$ by end of February because of the huge MtGox scam. So is it better to sell the bitcoins and take the money to another alt coin? Or is it better to hold on to the bitcoins?
Needs more foreign sources and a point that can be confirmed. I'm afraid I can only award you 4 poots for this effort. |
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Why is simple incompetence always blown up into nefarious conspiracy theory. Can't people just write crap code anymore?
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I skim all the way up, and buy dips. I do it incrementally with small percentages on formulaic price movements, with a fraction of my capital. No emotion, mathematically certain to increase both BTC fiat in the long term - barring total failure. Though any gains I make buying back on dips will only ever be slight as that is all my risk tolerance will allow for.
"Cashing out" (I am assuming you mean 100% fiat) doesn't really seem like a solid investment strategy to me. That leaves you wide open to the black swan event of bitcoin crashing up. (Note my strategy is not bet the farm on this unlikely event happening, but hedge against it with cash I won't miss if it doesn't).
The failure scenario of BTC going to zero means I miss out on a whole bunch of theoretical profits, but I am well past the point where I will be net positive in fiat should it happen.
I believe BTC value will always be non zero, and I also believe that BTC value will positively correlate with the passage of time (in the medium to long term i.e. 10+ years). So my strategy is geared towards playing a safe long game, whilst also making sure to enjoy my investment a little along the way.
Mostly though, I plan on earning my retirement fund through more traditional means (work).
"BTC to da moon" would just be a nice bonus. At which point people can think what they like about how lucky I was, but they would never be able to suggest I didn't plan for it happening.
That sounds almost exactly like what I plan on doing. Still accumulating coins before I start doing that, but it shouldn't be more than a few month. Funny thing is as soon as my cash hit stamp (around 14:00 GMT) price started moving up again. hehe. typical. Still, my orders are in. So now just sit and wait. I don't start skimming until well over previous ATH, I think around $1430 is my next sell order. Anything I pick up now means I'm able to make those sales and keep more BTC back for the endgame. When BTC *is* money. |
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The contrarian indicator is strong in this one.
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I also lose the odd side bet |
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I skim all the way up, and buy dips. I do it incrementally with small percentages on formulaic price movements, with a fraction of my capital. No emotion, mathematically certain to increase both BTC fiat in the long term - barring total failure. Though any gains I make buying back on dips will only ever be slight as that is all my risk tolerance will allow for.
"Cashing out" (I am assuming you mean 100% fiat) doesn't really seem like a solid investment strategy to me. That leaves you wide open to the black swan event of bitcoin crashing up. (Note my strategy is not bet the farm on this unlikely event happening, but hedge against it with cash I won't miss if it doesn't).
The failure scenario of BTC going to zero means I miss out on a whole bunch of theoretical profits, but I am well past the point where I will be net positive in fiat should it happen.
I believe BTC value will always be non zero, and I also believe that BTC value will positively correlate with the passage of time (in the medium to long term i.e. 10+ years). So my strategy is geared towards playing a safe long game, whilst also making sure to enjoy my investment a little along the way.
Mostly though, I plan on earning my retirement fund through more traditional means (work).
"BTC to da moon" would just be a nice bonus. At which point people can think what they like about how lucky I was, but they would never be able to suggest I didn't plan for it happening.
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lol, OP bets 2 bitcoins, goes on bitstamp and sells 1 bitcoin for $599. Wins bet. lol this bet.
Newbie in 'not knowing how market works' shocker!  |
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How is Mt.Gox still leading the markets....
Because out in the real world, away from this circle jerk forum, nobody gives a shit about all the FUD surrounding mtgox. All the allegations of fraud, bucket shop, that they are going bust, that they are closing down. It's a rumour mill of epic proportions in here, especially in this particular sub section. So. People are going about there business. Yes, there is market deviation, which people will find a million reasons for but nobody can actually say why that is, its all just theories. Like so much of the financial news. Everyone in here believes that they are so much more informed than joe public trader, that its seems obvious anyone that believes anything else is idiots. I find this somewhat ironic. The only thing anyone in here knows are the echoes of everyone else's opinions. I'm sure there will be a million told you so-ers along should that happen, but don't think for a second they *knew* it was going to happen. It was a lucky guess based on overblown hype. If I am right about gox and business resumes as normal, then that was a lucky guess too. I just think its more likely that the situation is a lot more pedestrian than people would have everyone else believe. By all means carry on slating gox, but remember you are shouting into an echo chamber. |
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You can't tell me you aren't trading this action!? Short sellers dream isn't it |
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WW1 i think we won that one didn't we? It's more of a snow white thing. Every day the USD looks in the mirror and asks who is the most valuable of them all, and every day the mirror comes back and tells him BTC. heheh. This is just the part where the huntsman takes BTC out into the forest to kill it, but BTC pleads for it's life and so the huntsman spares it. Tru story bro. |
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I hesitate to resurrect the 'manipulator' meme but... That kind of sell, at a time when FUD is so high, reeks of an attempt to inject just a little more pessimism into a scared market. I take that as a good sign. Of course, I would though |
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Hi Ho, Hi Ho, its off to stamp we go! I've finally come out of retirement and am shunting some fiat back onto an exchange to resume buying. Nothing hasty just a little order ladder down to $100, these streets are starting to look a little off colour... If we go through $100 well I may have to move some more! Thats where I am going at least |
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