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no idea how many active users on mtgox
Based on how little trading goes on currently, its probably a handful or a dozen maximum who trade regularly
this is just my opinion as I am not part of any exchange management or related in any way.
You should ask Jed or magicaltux directly
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This might be a bitcoinwatch FAQ. Many people often assume that the gold/BTC value is simply calculated from the BTC/USD price, after getting a spot gold quote from some third party financial website.
The above method described by jgarzik would be the best way to show BTC/Gold in $. I don't know how difficult it is to pull Gold/USD prices from a third source, but definitely this would be very accurate. This would also be a phenomenal measure of success for Bitcoins overall. Since its creation, BTC has outperformed Gold by galaxies.. We should track how this continues. And then, if BTC/Gold continues to perform well, this could be used as a strong marketing sell to the public: Bitcoins is Gold 2.0 - better, faster and much lighter. |
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I have alreadysent dishwara 2.88 in bitcoins
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Dear bitcoin-folks: 1. You can follow my Bitcoin Market and Technical Analysis in realtime via Twitter now.
2. I will also start to cover Gold in USD, Silver in USD, S&P500 and Nasdaq 100 markets as of now http://twitter.com/#!/S3052 |
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Can you specify what you mean with your opinion?
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Mtgox now withdraws in bitcoin or liberty reserve & i dont know what the hell is liberty reserve, created acc. to convert liberty reserve to paypal in liberty2reserve.com, which asked my liberty reserve acc., no, so created another acc. in libertyreserve.com & send 25 dollars from mtgox to libertyreserve.com.
waiting when it will reach libertyreserve & when i convert it to paypal using liberty2 reserve & when i then sent it to my bank?
What the hell the bankers doing.
In this world only bankers are RICHEST ones & they f**k everyones life.
Let all bank & bankers die or at least get disease which cannot be treated & should live their entire life with pain, wound & blood woozing all over their body for SUCKING peoples hard earned money.
Look at MtGox website. It shows that you can also do ACH wire transfer in the US and Euro wire transfer in Europe. no need to worry about liberty reserve I am from INDIA. Any one can take my 2.88$ LR & give me at least bitcoins? Coz, the idiotic mtgox don't allow to buy with less than 10LR & i told it to buy bitcoins for 24LR, it bought for 21. LR & kept 2.88 LR in itself. Now i don't able to buy bitcoins from them , only option is withdraw to another ones acc, & he gives me manually bitoin or paypal. i am ready for bitcoin for 2.88LR. Anyone to help me? Sorry, I apologize. This was not meant badly. Send me a PM with a bitcoin address and we will find a solution and then I will send you the coins. |
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Thx 4 d support my peoples!!!  SATOSHI out!!! Great. Finally we will be able to see you on CNBC soon. |
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Mtgox now withdraws in bitcoin or liberty reserve & i dont know what the hell is liberty reserve, created acc. to convert liberty reserve to paypal in liberty2reserve.com, which asked my liberty reserve acc., no, so created another acc. in libertyreserve.com & send 25 dollars from mtgox to libertyreserve.com.
waiting when it will reach libertyreserve & when i convert it to paypal using liberty2 reserve & when i then sent it to my bank?
What the hell the bankers doing.
In this world only bankers are RICHEST ones & they f**k everyones life.
Let all bank & bankers die or at least get disease which cannot be treated & should live their entire life with pain, wound & blood woozing all over their body for SUCKING peoples hard earned money.
Look at MtGox website. It shows that you can also do ACH wire transfer in the US and Euro wire transfer in Europe. no need to worry about liberty reserve |
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The Poker room overall is a great project.
Just one minor suggestion for the homepage: You could revise it and remove the "you can generate coins" part, as most people entering the poker room would be "non-miners" and therefore should not be disappointed by the false expectations of generating coins.
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I will publish my Bitcoin Technical Analysis in a few minutes.
The orders around 0.95$? This just means there needs to be buying volume of approx. 10 $M to wipe them out. This is nothing if we see fund inflows.
Just imagine you have 10 people transferring 1,000 $ each to MtGox via wire transfer..
Or, if it does not happen, prices may ppause and consolidate around the 0.86-0.95 area for a while.
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this is a great visual, and fits perfectly to the rally mood
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It is important to think about all profiles of traders / investors. There are many different types:
1) Scalpers: They constantly try to make incremental (small percentages) profits from small market movements
2) Market makers: They always put the highest bid and lowest ask in the system and are happy with 1-2 % gain per trade.
3) Swing traders: They try to profit from buying low and selling high from a couple of days or weeks.
4) Longterm investors: They have a years+ time horizon.
5) ...
If your comments only go to group 4), it may sounds right that they would not sell now, but you have all sorts of other traders already in the bitcoin market who buy and sell very often. This is actually a good sign since they add liquidity to the market and keep spreads low.
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Hi lzsaver, can you explain a bit more? I am not sure I understand.
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Super btc, thanks a lot. And to be clear, I do not say prices can't be driven in a certain direction. What I am saying is that this was a typical action that exchanges enable. In normal stock markets, you can always buy up the value of certain stocks that are illiquid. But then the decisive phase comes aftwr: Either othere people jump on the bandwagon and prices stay up and move higher, or the next trade will be down again and then nothing happend (except of you losing some money). As you can see on BTC/USD, the price has stayed up, which means we saw a decent rally, with rising volumes, which is a healthy sign. There were previous price spikes caused by some few individuals which were not sustainable, but this one currently is. Overall, the market moves in a very similar fashion as stock markets or forex markets. If you want to know how the market can be "manipulated", this is quite easy. If you look at the order book https://mtgox.com/trade/history, you see how much money it takes to move the market into a certain direction. This is not 100% accurate as there are dark pool orders on top of visible orders. In any case this is a good overview. i.e. you need: on the upside 6 $M to break 0.90$ 18 $M to break 0.95$ 21 $M to break 1.00$ (parity 36 $M to break 1.10$ and make a new all time high on the downside 4 $M to break through 0.8$ 9 $M to break through 0.7$ This means that the small size of the market enables big price moves with low funds. On the other hand, this will change with time. Once BTC economy will have moved from 5 $MM to 50 $MM or 500 $MM, you need much more funds and market will be much more liquid. |
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I was sitting here conversing with a friend who was on facebook while I was sending a bitcoin . What if instead of a bitcoin address my friends face was in the bitcoin client and I could just choose who to send a payment to by their profile picture. Imagine poking someone by sending a coin which showed up with your face on their client so they recognise the sender by their profile pic. Replace sending bitcoins with "poking" and bitcoin addresses with your friends faces. Just imagine when you choose your friend by face and attach a virtual gift and it was sent to your friend. You could buy a virtual chicken in your client or web app and send it to your friends farm where they could lock it in a yard lol If your client remembered that the chicken was worth 10 bitcoins when you sent the chicken later it would send the same amount of coins....because it is bitcoins your chicken is now more valuable against the USD . People would look after their virtual gifts because they had value . One day you might be able to buy a car irl with a virtual chicken ! Or maybe I just have too much time on my hands and should stop dreaming about feeding virtual chickens.   This is again a brilliant idea..! If this took off you dont need facebook and the likes any more... tl:dr feed my virtual chicken here 16SFNzAdkTEmZwQyHYFF8G3fQchSpxaGwZ |
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S3052, could you please explain what "curve fitting" is, particularly in relation to: 2) The specific rise yesterday was predictable on the 10 day chart where prices coiled under the 50 day exponential moving average and once breaking above this line, accelerating quickly to much higher levels (0.8, 0.82..) vladimir, sure. the 50d EMA is a often successfully used technical indicator for financial markets. I realized that it fitted very well the hourly charts over the past month. As you can see in the chart, the 50d average could be used as a trading signal. i) Once BTC/USD prices are below, we remain in a downtrend ii) Once BTC/USD rates are above we are (at least in a short term) uptrend does this help? Let me know if not and I will try to address it asap |
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