And this is why BTC makes a lousy currency. I purchased something a month ago that right now I could have bought 2. So sad.
I think it's because USD is too fucking inflated, and it only becomes apparent when bitcoin happens. |
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My guess is that we will see 59.099$ then a quick correction to ~47$ level, like the 49$ day.
I think you can't believe it either, right? |
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I would like to remind everyone here to really dive into the technical aspect of bitcoin and learn to secure it if you haven't yet, you may have already become richer and a more attractive target for the thieves than you have realized.
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Where does one get the images of current bids vs. amount btc for sale? I have forgotten.
blockchained.com Thanks! It's amazing. The bid USD is still above 8mil while the amount of BTC for sale has been cut cleanly in half. I made this observation about four hours ago showing the bitcoinx.com one https://bitcointalk.org/index.php?topic=85687.msg1641307#msg1641307 (not that I'm saying you are obliged to read through the whole thread from last time you looked!) and it appears both charts look the same to me. What I'm wondering is whether either/both go with live data or do they need to be updated - in which case how current are they does anybody know? Its up to date, I checked for myself about an hour ago. Thank you. And yes, it does look like it's dynamically updating in contrast to the bitcoinx.com one which doesn't.  ...and appears to be holding out despite the volume of trading at over $8m. I wonder if that's more because of sellers putting their proceeds straight back on the order book lower or because of new money coming in that has yet to take the plunge? I guess this question is one about which we can only speculate - along the question: how much new money never gets onto the orderbook because people buy at market (either straight away or after waiting and hoping for a dip)? In other words how much USD is off book? Much more money is off book, this I am sure. A whole lot of fiat, not so much BTC for sale  I wonder if we will hit $100 in the next 30 days. Or more precisely, not so much BTC you can sell without regret. Bears who were well supplied are now mostly out of ammunition, not many early adopters holding large reserves are still surviving, the few left are mostly major stake holders. Even still, someone who bought say 100k BTC for $100 in 2010 is doing very well now, even if he sold off at $30 or $40. Could he have done better? Sure. But to change $100 to millions in the course of 2 or 3 years? You have to see the bigger picture. Yes, but what really matters for us in the short term is if such massive selloffs as what we have seen before could still be triggered, besides, according to the days destroyed chart, not a hell lot of early coins get moved this month. |
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Where does one get the images of current bids vs. amount btc for sale? I have forgotten.
blockchained.com Thanks! It's amazing. The bid USD is still above 8mil while the amount of BTC for sale has been cut cleanly in half. I made this observation about four hours ago showing the bitcoinx.com one https://bitcointalk.org/index.php?topic=85687.msg1641307#msg1641307 (not that I'm saying you are obliged to read through the whole thread from last time you looked!) and it appears both charts look the same to me. What I'm wondering is whether either/both go with live data or do they need to be updated - in which case how current are they does anybody know? Its up to date, I checked for myself about an hour ago. Thank you. And yes, it does look like it's dynamically updating in contrast to the bitcoinx.com one which doesn't. ...and appears to be holding out despite the volume of trading at over $8m. I wonder if that's more because of sellers putting their proceeds straight back on the order book lower or because of new money coming in that has yet to take the plunge? I guess this question is one about which we can only speculate - along the question: how much new money never gets onto the orderbook because people buy at market (either straight away or after waiting and hoping for a dip)? In other words how much USD is off book? Much more money is off book, this I am sure. A whole lot of fiat, not so much BTC for sale I wonder if we will hit $100 in the next 30 days. Or more precisely, not so much BTC you can sell without regret. Bears who were well supplied are now mostly out of ammunition, not many early adopters holding large reserves are still surviving, the few left are mostly major stake holders. PS: I will definitely buy some LTCs if you are right. |
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Where does one get the images of current bids vs. amount btc for sale? I have forgotten.
blockchained.com Thanks! It's amazing. The bid USD is still above 8mil while the amount of BTC for sale has been cut cleanly in half. I made this observation about four hours ago showing the bitcoinx.com one https://bitcointalk.org/index.php?topic=85687.msg1641307#msg1641307 (not that I'm saying you are obliged to read through the whole thread from last time you looked!) and it appears both charts look the same to me. What I'm wondering is whether either/both go with live data or do they need to be updated - in which case how current are they does anybody know? Its up to date, I checked for myself about an hour ago. Thank you. And yes, it does look like it's dynamically updating in contrast to the bitcoinx.com one which doesn't. ...and appears to be holding out despite the volume of trading at over $8m. I wonder if that's more because of sellers putting their proceeds straight back on the order book lower or because of new money coming in that has yet to take the plunge? I guess this question is one about which we can only speculate - along the question: how much new money never gets onto the orderbook because people buy at market (either straight away or after waiting and hoping for a dip)? In other words how much USD is off book? Much more money is off book, this I am sure. |
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There is 14k to 60$, there is no more bitcoins for sale at all at the moment on gox. We know that 14k BTC can be bought in 5 minutes.
Seller strike is in progress. Another leg up is coming. Revaluation of Bitcoin closer to it's fair value continues.
Exactly what I see happening. I hope we're right. There is no reason the big buyers would want to push the price there so soon, though they are fully capable of doing so, they haven't done shaking the last coin out of the poor bears' pockets yet. |
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Yes we've seen it many times before. The fair value of 1 BTC at this time is closer to 500$ than it is to 50$ and we are observing the market price of Bitcoin correcting up to the equilibrium of supply and demand.
Fundamentals always trump TA.
There are other aspects of the fundamentals. If bitcoin is going to go mainstream, it can not be just a small number of relatively early adopters holding the majority of all coins, so the free market will force shakeoffs, which are going to be really violent, weak hands(again relatively) are going to be washed out in bunches, and the fair distribution will in this way be achieved. |
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The correction that we will get.. is upwards. Quit the FUD please.
It's not FUD, if it rises too fast into the 60's there will be a bit of a correction. We've seen this many times before. Hourly SMA 200/300 will be the support IMHO. |
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OUCH! Anybody watching?  EDIT: Only 2000 BTC or so, but still, watching the price tickers rolling down like waterfall is astonishing. EDIT of EDIT: Make no mistake, 2000 BTC is still more than $100 K! |
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I think it's now time for me to go all in on ixcoin, wonder if I can buy up the whole supply.  |
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ATH now is $53.875, the previous one which lasts for any meaningful duration of time is $52.875, why the .875? Any reason to stop right at the 7/8 of a full dollar?
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I think we should definitely look into this, if we can eliminate the need for an escrow service, bitcoin will become an even more cost-saving solution for merchants.
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Hmmm, so if I just buy bitcoins, and do not resell them later, I am neither a money transmitter nor an exchanger and thus is not subjected to any regulation? OK, thanks government! BUY!BUY!BUY!
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mtgox was fine during all this, till the price took a downturn. now its unuseable
I think evolve noted this before. Quite suspect. In a spike down people usually create orders at a faster rate than in a spike up, not to say that people were putting up buy orders and sell orders simultaneously during the dump. FTFY Thanks, I fixed my post too. |
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mtgox was fine during all this, till the price took a downturn. now its unuseable
I think evolve noted this before. Quite suspect. In a spike down people usually create orders at a faster rate than in a spike up(fixed from down), not to say that people were putting up buy orders and sell orders simultaneously during the dump. |
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Would a flash drive that could only be read/written in the RAW mode by Armory work? Most of the work needs to be done should be on the software side, in fact, maybe you can even build a custom LiveCD with FAT32 filesystem support in kernel removed to further eliminate the risk of something on the USB stick getting executed.
I really like the idea, except that it requires root access to do it (because, if you R/W raw volumes, you can access any files on your harddrive, even ones that you don't have permission to access). That complicates Armory a bit, which shouldn't run with root priveleges, but there are environments where that is acceptable. I'll have to think about that one. Yes, that's definitely a concern, maybe a script that creates an account with the privilege to access nothing but the usb device file will do the magic? |
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I think so, but there is no way anyone can account for all the possibly ways people can mess things up.
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FYI: network hasrate now over 50 TH/s.
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- Most newer systems do not have serial ports [/li][/list]
Incorrect, it is trivial to buy a Serial-To-USB cable. It also works under Linux. Checked myself. Just my 2 cents/satoshis. I know, that's why I posted, a few responses back more ideas for executing serial connections. I already have two USB-serial cables and a null-modem connector and have been playing with them. What I was hoping was to brainstorm on any possible, remaining attack surface exposed by it. The getty's are a "hidden" snafu in the whole process, but easily disabled. I am searching for more experience with this... since serial ports used to be "the cool thing", I'm sure there's tons of auto-enable subsystems that try to make your life easier by detecting and doing something when the serial device is plugged in. Hence why I liked the pure-software solution of destroying the usual device/file that is used for serial communications, and remaking it somewhere that no other subsystem can find it or use it. This would seem to resolve any remaining "unknowns". Unfortunately, the USB-serial cables are not cheap, but they're not ludicrously expensive, either if you are protecting a lot of money. Maybe 2 * $20 plus a $2 null-modem connector. In the long-run, it's actually a very reasonable solution for serious bitcoiners... Would a flash drive that could only be read/written in the RAW mode by Armory work? Most of the work needs to be done should be on the software side, in fact, maybe you can even build a custom LiveCD with FAT32 filesystem support in kernel removed to further eliminate the risk of something on the USB stick getting executed. |
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