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201  Economy / Speculation / Re: So far my predictions have been accurate. on: September 21, 2011, 01:12:27 AM
I have bought 3 coins at 6.14334 (2.988 coins after Gox fees), using only about 5% of my available money.  We shall see where the price goes now.

Based on the price screwing me over, it would best screw me over if it stagnated right around where I bought it, never reaching my sell order of the coins for 10 cents more, but also never dropping real low either.
202  Economy / Speculation / Re: So far my predictions have been accurate. on: September 20, 2011, 11:10:57 PM
I think if we close in on the wall, he'll just cancel his sell orders and let it climb.
203  Economy / Speculation / Re: So far my predictions have been accurate. on: September 20, 2011, 11:05:19 PM
It looks like it's trying to cross the $7 threshhold.  Not even The Manipulator can stop it.
204  Economy / Speculation / Which price swings happen first... Gox or Tradehill? on: September 20, 2011, 10:56:12 PM
I've seen Gox swing wildly on certain ways and then I can go on bitcoin7 and buy or sell before the people there update it.

But what about Tradehill?  I've been seeing people here liking it.  So I'm wondering does Tradehill ever set the price for MtGox or is it mainly just MtGox setting the price on Tradehill?
205  Alternate cryptocurrencies / Altcoin Discussion / Re: Proposal for possible successor to BitCoin -- EnCoin on: September 20, 2011, 05:34:37 PM
A single tweak alone, especially some money thing is lacking.

What do you mean? I am open to suggestions. I intended to start a discussion on EnCoin, not BitCoin, after all.


People make alternatives with a small number of improvements.  The real replacement with have major improvements.  See the threads I created in this subforum with suggestions as I made lots of good ones.  Then add everyone else's too (like how solidcoin v2 got rid of the GPU mining cheat so it's CPU mining only).  Then you need someone good at math to figure out how it's done.  Then peer reviews to tweak the idea.

A real improvement of bitcoins won't be a small number of improvements, it will be a huge, vast amount of improvements over ever facet of bitcoins.
206  Economy / Speculation / Re: So far my predictions have been accurate. on: September 20, 2011, 05:24:58 PM
It's jumping around a little but today the high is 6.795.  It will probably keep going higher.

207  Alternate cryptocurrencies / Altcoin Discussion / Re: Moonco.in taken over by immigration and customs? on: September 20, 2011, 07:28:48 AM
moonco.in [184.86.115.26]

I have a comcast IP and I did a tracert.  It did not leave comcast and then went to

5    14 ms    15 ms    14 ms  pos-0-0-0-0-pe01.529bryant.ca.ibone.comcast.net [68.86.86.122]
6    15 ms    16 ms    16 ms  a184-86-115-26.deploy.akamaitechnologies.com [184.86.115.26]


Then https://www.dan.me.uk/ipinfo?ip=184.86.115.26

Quote
Output from IPInfo tool:

%
% IPInfo - IP Information Service
% Copyright(c) 2008-2011, Daniel Austin MBCS
%
% Hello, 2a00:1b98:da:3:21e:bff:fec7:87a, pleased to meet you.
%
% Fetching IP Information for '184.86.115.26'...
Status: OK
Cache-Age: 0
IP: 184.86.115.26
IP-Version: 4
TOR-Node: NAK
Origin-AS: 7922
Origin-ISP: COMCAST-7922
IP-Prefix: 184.86.112.0/22
IP-NetName: NET184
IP-Description: American Registry for Internet Numbers,Chantilly,VA
IP-Country-ISO: US
IP-Country: United States
IP-Region: Massachusetts
IP-City: Cambridge
IP-Postal-Code: 02142
IP-Locality: Boston, MA
IP-Area-Code: 617
GPS-Location: 42.362598 -71.084297
% You have made 2 out of 24 allowed queries in the last 24 hours.
% Took 1.15 secs for data lookup(s)


If the feds took the site over, it would not have an IP from the guy's comcast account.  You have been had.  He still has your money.
208  Alternate cryptocurrencies / Altcoin Discussion / Re: Proposal for possible successor to BitCoin -- EnCoin on: September 20, 2011, 07:24:56 AM
Another coin system based around price.  This is the wrong way to do it because it won't work and won't affect the price.


It's not based around price, it's based around a consistent value to produce. Supply and demand will still affect the price like BitCoin.


That's not enough.  You need to have every feature proposed and put it into one really good cryptocurrency for it to be a real replacement.  A single tweak alone, especially some money thing is lacking.
209  Economy / Speculation / Re: So far my predictions have been accurate. on: September 20, 2011, 07:08:32 AM
If anyone wants to donate to thank me for the rally, I would appreciate it.  I lost a whole lot of money in bitcoins and will have trouble paying bills this month.  I promise to sell the coins right away so that since I have no coins, the price will continue to rise.
210  Economy / Speculation / Re: So far my predictions have been accurate. on: September 20, 2011, 06:52:31 AM
Please do the opposite then... Smiley (for your sake)

The Castanza method doesn't work.  The price still screws me over, which sucks because I want to one day store my savings in bitcoins.
211  Economy / Speculation / So far my predictions have been accurate. on: September 20, 2011, 06:34:53 AM
I have refused to buy it and so it has risen over $6.  As long as I refuse to buy it and have no coins, it will keep rising.

But if I buy it, it will start dropping.

212  Economy / Speculation / Re: serious discussion on the strategy of the manipulator. Please no flame posts on: September 20, 2011, 03:03:48 AM
Maybe the manipulator is mtgox themselves!

Evidence against: MtGox already makes $10K-$1000K a day from its fees.
Evidence for: MtGox won't let you withdraw more than 100BC a day and more than $1000 a day (max $10,000 a month) so The Manipulator will have trouble cashing his investment in using only a small number of accounts, so a non-MtGox manipulator would use lots of accounts and not have all his money and coins t in one account and the buy and sell walls that are huge that show someone is manipulating them I've seen them appear and dissapear at the exact same time, never incrementally.
213  Alternate cryptocurrencies / Altcoin Discussion / Re: Moonco.in taken over by immigration and customs? on: September 20, 2011, 02:59:40 AM
I'm pretty sure it's a hoax.  The site owner is trying to pretend the feds have your coins now instead of him.
214  Alternate cryptocurrencies / Altcoin Discussion / Re: Proposal for possible successor to BitCoin -- EnCoin on: September 20, 2011, 02:49:07 AM
Another coin system based around price.  This is the wrong way to do it because it won't work and won't affect the price.

215  Economy / Speculation / Re: Why now? on: September 20, 2011, 02:44:32 AM
if by weak holders you mean a significant amount of miners constantly selling their btc like clockwork.. ok then!

I think this is only a small portion of miners.  Most of the ones I've talked to say they aren't selling, like this guy begging for bitcoins when he has 23,000.  (Last time I had coins, I had less than 100)

If most miners sold, I think the price would just tank to under $1.
216  Economy / Speculation / Re: Why now? on: September 20, 2011, 02:41:48 AM
However, this time I think we have sufficient pressure to eventually break the resistance.  The technicals are looking great.

The charts you mean?  You know every time the price gets a predictable pattern, it then changes and never does the same pattern again?
217  Economy / Speculation / Re: serious discussion on the strategy of the manipulator. Please no flame posts on: September 20, 2011, 02:40:05 AM
I just remembered one thing he did last month.  He made this enormous buywall $1 higher than the regular price and he had it for 100,000 coins.  People first were selling into it, and then bots and speculators put a bunch of buy orders in front of it so they were buying it up.  It was rallying big and he wasn't buying anything up anymore.  And then suddenly he removed his buywall and the price crashed down $1 lower and started crashing.  About 45 minutes later, he puts the same buy order back and then he kept it back for an hour.  I think he did that a couple other times around then where he leaves it up for a minute and then drops it totally, making the price swing over $1 each time.

218  Economy / Speculation / Re: serious discussion on the strategy of the manipulator. Please no flame posts on: September 20, 2011, 02:28:57 AM
I believe he can force the price to where he wants, when he wants! When you have 25K+ BTC, and $100,000 at the same time, well, you have that kind of power!

I would like to know how to predict his behavior so I know beforehand if he will raise or lower it.  How can I do that?
219  Economy / Speculation / Re: Why now? on: September 20, 2011, 02:27:05 AM
Damned resistance at $5.64 is keeping prices low.  I hope it turns out to be partially fake or something.

its all the week holders thinking they are selling high...

Back when it was in the $6s last month, it would start rallying and then about to go up to $10, then at about 20 cents higher, suddenly people are "I don't know if it will go much higher" and start selling coins off massively for a 1% profit, and then making it go back down and never climb.
220  Economy / Speculation / Re: serious discussion on the strategy of the manipulator. Please no flame posts on: September 20, 2011, 02:03:40 AM
The only evidence I've seen of a manipulator is when all the buywalls suddenly vanish with no one selling into them.  When it dropped from $6 to $4 or so last month, someone just removed all the ones at once, probably the same person.  Then last Wednesday night, someone removed every single buy order from $5.01 to $5.45.  They just went.  Nobody was selling.  Someone just cancelled them.  So it seems that there's one or two people with lots of money that have most of the buy and sell orders.

You know, come to think of it, this guy who has all the large buy and sell orders might in fact be the one who dumped 20,000 coins last night.  He just sold them to himself and with his activity, MtGox fees are only 0.0025 for him.  If he has done that, then I suspect he's done it lots of times before.

One odd thing I've noticed is a large buy or sell order appears and it's right near the edge of where buying or selling is.  It lasts 5 seconds, moves the price a penny in one direction, then dissapears.  Then it comes back a minute later raised of lowered slightly and only lasts 5 seconds before dissapearing, repeat ad naseum.  I don't know why he does this.


How much does the manipulator spends? I mean, while the forum was down during the Cosbygate incident, i saw a guy on the IRC channel that said he had already spent over 5 thousand USD to try to keep the price from going bad while the forum was down (i'm not clear on what he considered bad though); is the manipulator spending much more than that?


No, just a good Samaritan with lots of money.  Maybe Bruce?  But the Manipulator's buy and sell walls consist of maybe 500,000 USD, not merely 5,000.
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