can you explain your calculations of how it will never go under 600 again? on my chart i see a 55% increase in 20 hours that has has no retracement at all. under 600 is guaranteed.
+1 a break of ~550 would create an air pocket to 500-505 or lower. So for the bulls, the best scenario is to continue and extend rally to 630-660 and back down to 590-620. But if we start to go down, be quick to short at 549. The more people believe we are out of the woods (like OP), the higher probability we are going to retest 500s or even 450s. |
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Cosmo missed 400 bottom  Or he shorted ~500 |
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hmm is there any posts from virtex saying why?
The BTC withdrawals on virtex are disabled. Just checked. |
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dude what makes u think it will drop to 200+? LOL?! the price u see this pass 2 weeks were FAKE!.. thats only for imaginary goxbtc..
today 400-500+ price u saw is the lowest for this year unless.. there is another exchange like mtgox.. but apparently only mtgox at this moment..
so buy now =) as u can see many companies have joined!
tigerdirect
overstock
paypal will be
ebay will be
california said its LEGAL!
subway in USA!
ATM coming soon in singapore usa hk EUR UK!
infrastructure already up.. if ur still not buying its ok LOL!
price sure up next week.. many ppl will wired and buy them!
dude its not 2013 anymore.. LOL 200usd? u must be doing margin short HAHA!!
. YOU WILL CRY I'd not short here. Wait for 550-560-ish. 579.34 was the ceiling put by some whales...on the way down. I'd put short stops there. |
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dude what makes u think it will drop to 200+? LOL?! the price u see this pass 2 weeks were FAKE!.. thats only for imaginary goxbtc..
today 400-500+ price u saw is the lowest for this year unless.. there is another exchange like mtgox.. but apparently only mtgox at this moment..
so buy now =) as u can see many companies have joined!
tigerdirect
overstock
paypal will be
ebay will be
california said its LEGAL!
subway in USA!
ATM coming soon in singapore usa hk EUR UK!
infrastructure already up.. if ur still not buying its ok LOL!
price sure up next week.. many ppl will wired and buy them!
dude its not 2013 anymore.. LOL 200usd? u must be doing margin short HAHA!!
"charts don't lie"  |
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Finding(harming him) will not do you any good. The money is gone.
Deal with it. Move on. Life is short.
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The disparity between the prices in Bitstamp, BTC-E, and Huobi tells me that there is a large holder dumping in bitstamp. If it was majority of the market dumping, the differences between prices in the exchanges will not vary that much. Question is when will that guy stop selling.
+1 mtgox arb |
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I'd not be surprised if he was the one to dump 10K on bitstamp last night at 579.34 and thousands since then...relentless selling, not matter what price.
I guess it does not matter when you have them for next to nothing.
Biggest heist in history?
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so, what happens if the price levels out and the unit of exchange is used for the exchange of goods and services? who has lost? I'm geniunely curious.
The negativity surrounding bitcoin is only relevant if it declines in price. What happens if it sits still, for example
OK, in my parable, after the two swindlers leave, those who remain have less than they had invested. Each invested 50 or 100 dollars, the scoundrels have taken out 150 net. But the losers think that they have more than they invested, because they own a highly "valuable asset" -- their place in the circle. Let's say that they believe that their place is now worth 300 dollars. A new "customer" comes in and wishes to buy a place in the line. He pays 300 dollars to one of the original investors, who walks out with that money. That first "customer" then immediately sells his place in the line to a second "customer" and walks out with 300 dollars. So the "old investor" made a fat profit (invested 100, walked out with 300) and the "first customer" got in and out with no net profit or loss. Where did the profit of the old investor come from? Why don't people play this circle game in real life, if it makes everybody rich? You cannot be serious. Your logic can be applied to any assets. Most houses in US/Canada are really worth 40-50K, but they sell for 500-800K. Is land in the city really worth the money people are willing to pay. Of course not. It is a dead land. You cannot grow any food on it,, cannot drill for oil or dig for some other resources. The water underneath it is polluted. So why people pay so much? Because they want it. So yes, real-estate (a limited resource) is being bought by a "circle/line" of people. The last one to own it holds the "bag". It is always a net zero game. Someone's profit it someone else loss (realized or unrealized). Don't get me started on other "financial instruments" like stocks, bonds, mutual funds etc. Same thing. |
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Soon. when they'll never pay for themselves
In two weeks... |
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Hey jdape - thanks for this. Being a dev myself I started wanting to tinker with it right away. But, I don't know TCL.  Long story short I ended up re-implementing cgmon in JavaScript with node.js. I think it's pretty close now: node-cgmon. Not sure if you know JavaScript but if you ever want to consolidate efforts, let me know. FYI, I cited cgmon in the credits. Cool. Node.js is gaining momentum on the server side. Good to see an effort to use it. I could not convince bfgminer developer to provide JSONP interface straight from the API. If we had JSONP straight from the API, it would solve cross-domain issues, and you could write ONE web page to get the status(es) directly from the miner(s). Parsing, formatting becomes trivial in JS. For process monitoring, you still need to have cgmon like script to monitor the process itself. |
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If you look at the weekly chart, really heavy distribution going on for the 5th week now. Lots of people unloading a lot of BTCs for which there are just no buyers.
When in doubt, blame Russians... |
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... He lost 60% to 70% of customer assets in a two-year period when he was supposedly making correct macro calls. ... Schiff is like the Jim Jones of money management. Thank God they guy has stayed away from Bitcoin. When he jumps on board I would take it as a sign that it's time to bail. I remember him screaming for people to buy gold when it was dropping from 1800,1700, 1600 etc. He called for $5000 to $10,000 per oz in few years. I don't remember him saying anything about it when it was around $300. Now, his Overstock argument is one sided. He assumes that people who already have bitcoins will go on Overstock to spend it. Effectively selling their coins. IMHO, the retail acceptance is positive for bitcoin in terms of broader acceptance and an overall image. The actual mechanics of bitcoin retail transactions should have no effect on the price of bitcoin. If you want to buy something on Overstock with bitcoins, you have to buy bitcoins and spend them on Overstock site (they would sell bitcoins using bitpay). He might be right about one thing, the price of bitcoin cannot go up without new buyers coming in, but that is kinda obvious. On the last drop, about 1M exchanged hands (if you add up volumes all the exchanges). Assuming (I don't remember where I read it) that 3M are in inactive/lost wallets, that still leaves a large number of whales who did not participate in this drop. So price pressures might still continue for a long time. Looks like FBI has not dumped their holdings, if they do, expect the price to drop to <$50 because there is no liquidity to handle 100,000+ BTC type of trades. I don't expect FBI to be picky about the price they get for their coins. After all, it is not their own money. |
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You can get knc miners newslatters, just register in their site.
how much Gh does knc miners get you? Jupiters 550GH/s, Neptunes (not produced yet) supposed to deliver 3TH/s Just buy coins and sit tight. |
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(...)
Is it likely that it will go down anytime soon? No.
 The only way for it to come down is if BTC price drops to <$5 again and most miners walk away and get real jobs. Right now, there is so much noise in the media about bitcoin that people are putting new mining hardware online regardless if it makes money or not. Too much optimism. Evangelists are projecting $10,000 by the end of 2014. No way difficulty comes down unless price adjusts dramatically. |
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...
For the second board, it does sound like it might have the same issues that many boards from that group buy are experiencing. We're working on firmware as a workaround for some of those issues, and hope to have it out soon.
Are you guys still working on firmware workaround around this "temp reading error"? Hairdryer trick works but when they do go down, to restart it i have to use hairdryer. Now, i figured I only need to heat them to 45-48 C (as reported by bfgminer) and let them go. The boards continue from that point on by themselves. Just the initial start up from ~20C to 40C is problematic. Once around 45C they manage ok. |
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They know these transactions will never confirm. They just spam your wallet. Be glad you don't get 1000s of those a day.
Not sure how they got accepted by the network. Maybe the minimum fee should be enforced to reject transactions like that.
Soon, bitcoind will have to have a spam filter. This is sort of like email in the early days. At first it was all good, now it is a constant war to filter spam.
It just tells you that bitcoin is maturing fast. It will have to handle all these intentional/unintentional attacks sooner rather than later.
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mtgox has a lot of coins locked. They can use them to short sell on any exchange they desire, including their own.
Nobody should deposit any bitcoins/$ to mtgox, ever!
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