Here's some psychology for you.
#1) People don't like to believe that some regular guy can just ask for a whole ton of BTC, receive them, and start manipulating an entire market.
Counter-point to #1) It is absolutely possible for this to happen, both mathematically and based upon market psychology.
#2) People don't like to believe that some regular guy can make at least 7% a week. After all, most people here aren't making 7% per week, especially if you're not investing with Pirate or a pass-through.
Counter-point to #2) It is absolutely possible for this to happen. I've made 2000% in about 8 months from trading alone. That 2000% doesn't include mining profits, product sales, or service sales. Nor was it a full time job. It was day trading. And it was only on two exchanges. And neither was Mt. Gox.
3) People don't like to believe that one guy manipulating the market is even possible.
Counter-point to #3) Yes, it really really is. Bitcoin is a small community and only a small % of all Bitcoin users are actively watching or trading on the markets at any given time. All you need is capital and balls and you can make the market your bitch.
4) People don't like to think Pirate can do this by himself.
Counter-point to #4) He's not. He's supported by his lenders and his buyers. He's found a niche between markets and there are many people involved. But, he is the central node of pass-through capital. As such, he can manipulate/control the market, but to believe he is doing it alone is a mistake. It's because so many people are involved that he can make 7% happen quite easily.
Seriously, why is it so hard to believe Pirate did this?
so why are people saying the higher it goes the more likely he will default? is this simply not true? The price going higher is only an issue if it goes up too fast and stays there after Pirate has already converted all of his BTC to USD. His only hope at that point would be to try to create another rally with USD and do a pump and dump. With the amount of capital that Pirate has, it would be difficult to imagine a scenario totally beyond his control that would screw over both him and his lenders. If I had that much capital, I would do it. And, I'm seriously considering starting something similar. But, I need to decide whether or not I want to pull the trigger.... wait wouldn't he need to get the bitcoins b4 he dose a pump and drop? so I'd say right now hes trying to push the price down in order to buy low and then do his pump and drop if this is the case he is soo fucked .... here is the scenario that totally would screw over both him and his lenders. first he sells all his bitcoins at 6.9 someone pushes the price up to 8 ok hes all messed up now.... that wasn't so hard When you pump you get BTC. When you dump at higher prices, you get USD. And repeat. In your example, yes, he's messed up when the price pushes to 8 after he sold at 6.9. So, instead he pumps the price to $9.50 (or $9.69) and sells to...oh, I don't know, $7.50? |
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Here's some psychology for you.
#1) People don't like to believe that some regular guy can just ask for a whole ton of BTC, receive them, and start manipulating an entire market.
Counter-point to #1) It is absolutely possible for this to happen, both mathematically and based upon market psychology.
#2) People don't like to believe that some regular guy can make at least 7% a week. After all, most people here aren't making 7% per week, especially if you're not investing with Pirate or a pass-through.
Counter-point to #2) It is absolutely possible for this to happen. I've made 2000% in about 8 months from trading alone. That 2000% doesn't include mining profits, product sales, or service sales. Nor was it a full time job. It was day trading. And it was only on two exchanges. And neither was Mt. Gox.
3) People don't like to believe that one guy manipulating the market is even possible.
Counter-point to #3) Yes, it really really is. Bitcoin is a small community and only a small % of all Bitcoin users are actively watching or trading on the markets at any given time. All you need is capital and balls and you can make the market your bitch.
4) People don't like to think Pirate can do this by himself.
Counter-point to #4) He's not. He's supported by his lenders and his buyers. He's found a niche between markets and there are many people involved. But, he is the central node of pass-through capital. As such, he can manipulate/control the market, but to believe he is doing it alone is a mistake. It's because so many people are involved that he can make 7% happen quite easily.
Seriously, why is it so hard to believe Pirate did this?
so why are people saying the higher it goes the more likely he will default? is this simply not true? The price going higher is only an issue if it goes up too fast and stays there after Pirate has already converted all of his BTC to USD. His only hope at that point would be to try to create another rally with USD and do a pump and dump. With the amount of capital that Pirate has, it would be difficult to imagine a scenario totally beyond his control that would screw over both him and his lenders. If I had that much capital, I would do it. And, I'm seriously considering starting something similar. But, I need to decide whether or not I want to pull the trigger.... |
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Here's some psychology for you.
#1) People don't like to believe that some regular guy can just ask for a whole ton of BTC, receive them, and start manipulating an entire market.
Counter-point to #1) It is absolutely possible for this to happen, both mathematically and based upon market psychology.
#2) People don't like to believe that some regular guy can make at least 7% a week. After all, most people here aren't making 7% per week, especially if you're not investing with Pirate or a pass-through.
Counter-point to #2) It is absolutely possible for this to happen. I've made 2000% in about 8 months from trading alone. That 2000% doesn't include mining profits, product sales, or service sales. Nor was it a full time job. It was day trading. And it was only on two exchanges. And neither was Mt. Gox.
3) People don't like to believe that one guy manipulating the market is even possible.
Counter-point to #3) Yes, it really really is. Bitcoin is a small community and only a small % of all Bitcoin users are actively watching or trading on the markets at any given time. All you need is capital and balls and you can make the market your bitch.
4) People don't like to think Pirate can do this by himself.
Counter-point to #4) He's not. He's supported by his lenders and his buyers. He's found a niche between markets and there are many people involved. But, he is the central node of pass-through capital. As such, he can manipulate/control the market, but to believe he is doing it alone is a mistake. It's because so many people are involved that he can make 7% happen quite easily.
Seriously, why is it so hard to believe Pirate did this?
Why does it matter? The price is higher than 2 months ago...  Haha, touche. Part of me wants everyone's bitching to stop, another part of me just wants to be a hypocrite and right  |
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Here's some psychology for you.
#1) People don't like to believe that some regular guy can just ask for a whole ton of BTC, receive them, and start manipulating an entire market.
Counter-point to #1) It is absolutely possible for this to happen, both mathematically and based upon market psychology.
#2) People don't like to believe that some regular guy can make at least 7% a week. After all, most people here aren't making 7% per week, especially if you're not investing with Pirate or a pass-through.
Counter-point to #2) It is absolutely possible for this to happen. I've made 2000% in about 8 months from trading alone. That 2000% doesn't include mining profits, product sales, or service sales. Nor was it a full time job. It was day trading. And it was only on two exchanges. And neither was Mt. Gox.
3) People don't like to believe that one guy manipulating the market is even possible.
Counter-point to #3) Yes, it really really is. Bitcoin is a small community and only a small % of all Bitcoin users are actively watching or trading on the markets at any given time. All you need is capital and balls and you can make the market your bitch.
4) People don't like to think Pirate can do this by himself.
Counter-point to #4) He's not. He's supported by his lenders and his buyers. He's found a niche between markets and there are many people involved. But, he is the central node of pass-through capital. As such, he can manipulate/control the market, but to believe he is doing it alone is a mistake. It's because so many people are involved that he can make 7% happen quite easily.
Seriously, why is it so hard to believe Pirate did this?
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In Africa, gold dust used to be collected and rubbed on the skin because of its medicinal properties.
I'm sure people tried everything. Not saying gold can't be a useful drug somehow... just is there anything people won't try rubbing on themselves when they think they are dying? Gold is pretty inert on its own though (hence goldschlager), here it sounds like they are covalently binding some kind of growth factor mimicking compound to it or something. All I know is that modern medicine (especially pharmacology) largely exists upon the knowledge of ancient and/or tribal cultures. Most researchers become aware of the medicinal properties of the active ingredients in most medicines (active ingredients which come from plants) because some guy with a bone through his nose and wearing a straw diaper told them. Modern researchers learn about the vast majority of medicine from indigenous cultures. Indigenous cultures are simply more connected with nature and understand it in a more personal way. It's truly amazing when you realize that some tiny tribe in the Amazon learned that if you combine plant 'x' with plant 'y' it has medicinal effect 'z.' With over 20,000 plants in the Amazon, think about the probability of this occurring through a trial-and-error process. It's truly fascinating. I wouldn't be surprised if this gold medicinal revelation is a product of indigenous knowledge. |
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In Africa, gold dust used to be collected and rubbed on the skin because of its medicinal properties.
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Try aggression 18 or 19 for hashing speed.
Try increasing number of threads-per-gpu to 4. This might help with stales. I average about 3% stale. Higher than I'd like, but it's about the lowest I can seem to get.
Try worksize 128 instead of 256 if you haven't already. Not sure if this will help or not for your gpu.
I've tested the worksize of 128/256 and no difference.Only thing is increasing no of threads er GPU to 4 boosted performance.Aggression I'll have to test next time I'm back in win 7 on my MBP as I'm booted normally at the moment.Due to the unfavourable conditions I experienced on my MBP while in Win 7 I'll consider wrapping things up if I see no improvement in the setup by the end of this week. Aggression I have to really careful with because of the BSOD issue caused by having it too high before.It seems to me that anything above maybe 15,will put me back in square one. All things you mentioned are worth a shot though. I'm using Win 7 too. If I recall, I was getting like 50 m/hash with my 5870 at aggression 10. Switching it to 19 gave me like 395 m/hash lol |
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Try aggression 18 or 19 for hashing speed.
Try increasing number of threads-per-gpu to 4. This might help with stales. I average about 3% stale. Higher than I'd like, but it's about the lowest I can seem to get.
Try worksize 128 instead of 256 if you haven't already. Not sure if this will help or not for your gpu.
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I'd like to quote myself from July 5...
I don't think Pirate himself is concerned so much with BTC as he is with USD. By the way, he has a lot of that and his sum is increasing. BTC can't pay his bills or buy him awesome shit, but USD can. Pay some attention to the bid/ask walls in relation to what Pirate said about the danger of the BTC price increasing too quickly. Think about the impact that a rapid price increase would have on the USD he's holding, and think of where he got that USD from, etc. Also consider that Pirate needs USD to purchase BTC for interest payments, and check out the interesting "support" walls after a rally. Like Pirate said, when there's a rally, people panic buy but new buy orders don't immediately rush in, but rather people eat away at the outstanding supply. When there's a crash, people panic sell and buy orders are removed.
The relative stability we've seen is no coincidence. We're riding a cycle.
Shoulda listened to me. Thanks for the extra money, Pirate!! Yesterday was a blast. |
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A pullback was to be expected, but dropping nearly $2 in 15 mins was f-ed up. The rally on the daily chart is still intact, but looks like we will put in a pretty ugly candle today.
It wasn't too effed up. It took half as many BTC to push the price up to $9.69 as it did to drop it to $7.50. It was a great idea to take advantage and pull a profit. |
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I really want to say that Pirate is behind a lot of the chaos today.
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I was told by H&R Block that the IRS told them that all of my Bitcoin profits, whether it was through mining, trading, selling goods/services, buying gold/silver, etc. was all just a "hobby" and I didn't need to report anything.
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^^
I meant "they paid me for 30 days" not "30 months"
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Will you guarantee not to deface the winner's link as you have with Rugatus?  Please don't disrupt my auction thread when you have no idea what went on with Rugatu. Long story short, Rugatu paid me to put their link in my signature. Then, they started screwing over their user base, lying, and manipulating the Rugatu system which cost me and others money. When I collected enough evidence such that it was impossible for them to deny misuse of their own administrative privileges, they issued an apology to myself and to the community. So I changed my Rugatu link to suit 2 purposes: 1) I didn't want to scam Rugatu because they had paid me for 30 months 2) I also didn't want innocent users to waste their time using a site that was taking advantage of its user base. I felt making other users aware of this was the correct compromise. |
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Ah... Thanks for pointing that out.
Didn't notice. I withdraw my bid.
Perhaps you should do a little research into why Rugatu's link appears the way it does in my signature. Needless to say, they chose to apologize both to me and to the entire community. There's a reason they appeared on the Bitcoin Shit List. By the way, I don't really care too much, but submitting and withdrawing a bid from an auction on this site is frowned upon by many and will lead to the development of a bad reputation. But, since this auction was technically already over to begin with, it's not a big deal in my opinion. |
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.16 btc
I'll give Maidak 24 hours to respond. If I still don't hear from him, it's yours. |
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PM was sent, but no response so far, nor has any BTC been received.  |
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Matthew, I received my copy of Bitcoin Magazine issue #1 yesterday! Unfortunately, I ordered 2 copies (that is, I placed one order for 2 copies). Any chance that you ship multiple-copy orders separately and on different days? If not, I'd like my 2nd copy please -The Joint |
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I've got an HP Proliant Microserver sitting in a closet doing what it does. It's on 24 hours, it gets used for serving files and converting an occasional DVD for XBMC. That's about it.
I've been reading a lot about mining and I'm thinking about pre-ordering a Jalepeno from Butterfly Labs just for fun. It's fairly cheap, I'm not looking to get rich, just learn something and break even. I've got cheap electricity costs (about $0.065 in summer and $0.05 in winter) so I thought this might be possible.
My question is, does anyone have dual purpose mining computers? I read a lot about getting low power CPUs just to connect your FPGA to, but could I plug in one of these little USB guys (assuming they ever come out) and have my server continue to serve while the ASIC mines?
I built a highly impractical GPU miner with 3x7970s as a gaming PC/miner - I just set the GPUs to dynamic difficulty and I can actually play games at 60fps whilst still mining @1.2Ghash or so in the background The rest of the time, ~1.85Ghash/s If you've got electricity that cheap I'd look into getting some cheap GPUs, as they will still be worth something if BFLs ASICs make it out before february and ruin your GPU mining fun  This. I built a mining/gaming computer with 3X6970, 16gb ddr3 mem, intel i2600k, asus maximus IV extreme p67 b3 mobo -- the works. I can mine with it and play games and do full-on music production with it simultaneously. I opted for the 4-year warranty so I don't have to worry about 24/7 usage. I get free electricity and have already recouped 1/2 of my investment in 7 months through mining profits and trading. Plus, I'll still be able to sell this thing for $1000-$1500 in 3 years. I have 3 Jalapenos on the way but I still plan on being able to mine with the 6970's for at least a good year and still see decent returns. Essentially I just bought a "free" kick ass computer |
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Maidak, you win I'm crashing out for the night. I'll send you a pm tomorrow about what you would like advertise. |
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