Yes, there are actually a number of people who have started threads the same way you did (claiming to have secret info) and making a prediction with the intention of manipulating the price. So folks aren't too happy with this kind of approach. Yokosan's "Feels good man" thread was a hit. Encrypt your prediction and say you'll reveal the key in 7 days, and if you don't reveal it, you'll quit the forum for good. Then when 7 days is up and your prediction doesn't come true, don't reveal the key, and don't quit the forum either. People will love you.  I should. I should hang my head in shame and quit the forum for good right now! But...Uh yeah, you know what? Uh Uh! I think I'll just leave predictions to the pros in the Wall Observer thread. (grin) http://youtu.be/NWXkHp_1bT8(grin)  How old are you? 80? Stop embarrassing yourself, man  |
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Alt coins are mostly useless. That is why they are not listed there.
There are exceptions... but only a few such as LTC. Please let me know what definitive advantage LTC has over BTC, apart the fact that it was quite good to everybody that has speculated with it so far. The confirmations are faster. Wow, 2.5 minutes is so superior to 10 minutes, in fact we see all vendors dumping BTC for LTC because 2.5 minutes open you so many new possibilities that make 10 minutes obsolete. It's BS and you know it. LTC is piggybacking BTCs success without introducing any fundamental changes, as all the others scam coins. Disclaimer: I'm holding LTC and I made a big profit speculating with LTC. But Im also making a good profit speculation with XRP, which is the ultimate centralized and premined scam coin. Stupidity has no limit. |
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From one of the presentations at the World Bank yesterday. Virtual currencies are not necessarily riskier than any other electronic payment system
I think this is a positive although the rest of his presentation is talking about how electronic transactions in general make money laundering easier. Full presentation here: http://globalforumljd.org/docs/events/061413/061413_ppt_kobar.pdfThis is ultra bullish. Exchanges must comply with AML regulation, that's all. |
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THANK YOU!I have been receiving substantial donations recently, but donors frequently don't identify themselves, so I have no one to thank! In recent past I have gotten quite a a few 0.2-1.0 donations, and been taking my fiancée out to nice dinners with it  . I have been meaning to broadcast a thank-you post, then this donation from yesterday reminded me to do it! People in this community are quite generous, and I'm thrilled to see people are impressed enough with Armory to make such substantial donations! It means a lot to me. So thank you! -Alan P.S - If you want to identify yourself to me--publicly or privately--I'll be happy to send you a T-shirt and Armory-branded USB key. This goes for anyone donating the equiv of $50 or more. I have only a few T-shirts left from the original crowdfunding a year ago, all black, L or XL (and maybe an XXL). >= $20 gets a USB key (I'd do it for less, but these branded USB keys are surprisingly expensive when you don't order 10,000 of them!). You deserve it all Alan. Armory is a must have for anyone serious with Bitcoin. Keep up the good job! |
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Alt coins are mostly useless. That is why they are not listed there.
There are exceptions... but only a few such as LTC. Please let me know what definitive advantage LTC has over BTC, apart the fact that it was quite good to everybody that has speculated with it so far. |
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I GOT TRACKING!!!
Nice for you but could you give some more info as in Batch #2 wave 1 or Batch #2 wave 2? Ship to what country? How many units? I guess: feb 18th. I am order number 1121
Don't keep us in suspense ;-) Order #1121 1 box NYC Perfectly smooth walletbit transaction on febuary 18th Thank you Yifu and Ngzhang. Your contributions to Bitcoin will be the thing of legend. From a fellow NYU Poly student to another... great shit man, much respect, hope you never stop NYC > all BTCitcoin > the worldAlmost 4 months since order. I guess a batch 3 customer receiving his unit at the end of July will be lucky. |
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What an incredible rally this was. Moved back to $104 with a powerful volume of ~5k coins. I can feel the bullish market.  A good effort by whoever tried but it failed. Down we go. Pretty big wall at $96.01, $1M in total. And its money that it was just added to the order book (check blockchained chart), not money already present in it that consolidated at that point. Interesting times. Much more interesting than in 2011 I'd say. Walls in bitcoin world have a peculiar tendency to disappear Yes, looks like it's gone already I still see $1.03M at $96. And $1M of "new" money was added today to the order book. To give some context, that amount is the total fiat sitting at Bitstamps order book. It may be a "fake" wall, but lately we have not seen many of those. We'll see. Interesting times nevertheless. |
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What an incredible rally this was. Moved back to $104 with a powerful volume of ~5k coins. I can feel the bullish market. A good effort by whoever tried but it failed. Down we go. Pretty big wall at $96.01, $1M in total. And its money that it was just added to the order book (check blockchained chart), not money already present in it that consolidated at that point. Interesting times. Much more interesting than in 2011 I'd say. |
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A scammer tag is long overdue at this point.
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What I can not stand any longer are bullshits like "We are doing it because of Bitcoin, to secure the network" while actualy they are doing it for
millions of $ without giving a shit about those who will probably really do it for Bitcoin (not bitcoins), given that stories about profit are entering
the domain of sci-fi novels.
Yep, profit is gone. Unless you invest a few million $ to develop your own chips and ass rape the network. That will happen sooner or later, money printing machines that guarantee profit are not and will never be a consumer product. |
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I kinda wonder why there is any interest in bitcoin. With a market cap of only a billion, it wouldn't pay the catering for the conference.
Because anybody with half a brain can see its game-changing potential. It can subvert the current power structures, which are dependent from financial lobbies that control the usd |
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you're a bear now wtf did they do?  lol MtGox can do wire transfer to anywhere in the world including US people are selling because they are scared mmm good luck with that. I made a withdrawal pre bubble burst and have yet to receive funds.... I made at least 3 reasonably big withdrawals (5 figures each) post bubble burst and I received the money in 2/3 days. SEPA transfers. In that sense Gox works like a charm for me, I guess that being fully verified and having requested to have the higher limits help? |
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Just think: if KnC sells 1,500 Jupiters and delivers them quickly, when added to the rest of the network each one will probably produce aprox. 1BTC or less per day, and ROI will be unlikely. If they sell +3,000 Jupiters (which seems likely they will do), when they arrive each Jupiter will produce 0,5BTC per day or less, and ROI won't never happen. 1/2 a BTC per day?! That's what worries me, especially for those of us mining without Jupiters and Saturns. ASIC mining is a very particular beast with very special characteristics. If you want your customers to achieve ROI, you cannot just flood the network as quick as possible. That's why the "first 500 batch get their unit first" approach makes some sense, while the "we can push hundreds of units daily and everybody will receive them almost at the same time" is a kinda worring approach from a preorder customer point of view. I expect a 2011-like situation, when we had a "mining bubble" that deflated because it wasn't profitable to mine any more. I see the very same situation approaching very fast, the absolute winners have been the ASICminer shareholders and Avalon batch #1 customers, batch #2 will ROI and #3 will breakeven, and I'm afraid that the rest (including BFL customers) will be the "bagholders". I may be mistaken, but I would appreciate some figures from KnC regarding how many THs they plan to sell, and how fast. As I said earlier this is a very "special" business, if they sell too many units too fast their customers won't achieve ROI unless they hold their mined coins till the exchange rate goes x10, and in that case their profit would have been bigger if they just bought BTC instead of buying KnC miners. Making closed and limited batches is the best way to try to protect your customers investment in this business. |
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Why is everybody so happy that they can produce and deliver so many units per day?
Don't you realize this is a race, and the best way to maximize ROI for customers is to sell batches, as Avalon did?
Just think: if KnC sells 1,500 Jupiters and delivers them quickly, when added to the rest of the network each one will probably produce aprox. 1BTC or less per day, and ROI will be unlikely. If they sell +3,000 Jupiters (which seems likely they will do), when they arrive each Jupiter will produce 0,5BTC per day or less, and ROI won't never happen.
Honestly, it's pretty scary to see them pushing out those numbers. Each additional Jupiter they sell removes value from the previous one. Kinda the same problem we thought BFL would have, but the reality ended up being that they are so slow delivering that actually their very first customers may break/even with their units despite the delays.
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Can someone explain the large Bid Ask imbalance - I mean it is easy to see but with so many bids (support?) right below the price and so few sells above the current price, shouldn't we be going up?
I've noticed it slowly had been building the last 2 or 3 days (as we went down.)
IAS
Bids are piling up, but price is slowly goes down, which means that more bids are sold into that asks bought. What buyers are doing is slowly moving their bids lower and lower while sellers sell. There's no rush to buy. |
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fuck ya buy those cheap coins!  Pfft, I'm holding out for 8am Sunday morning GMT. Just wait for it... I'm loading up on S.dice ( it crazy cheap these days, could be cuz they had bad luck last month and so their was no dividend ) Me too. Where are you buying? I'd like to avoid Popescu's shop (mpex) |
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I'm thinking greed will help Bitcoin.
LOL, how can we live in such a fucked up world? |
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The thing is, since these exchanges operate within legal boundaries and the owners are known and probably documented by law enforcement agencies, we are somewhat safeguarded if our fiat were be stolen or abused by the owners of the exchange. There are systems in place in the real world which would combat criminal endeavours to steal our fiat. Bitcoin has none of those. It might all turn to shit tomorrow, that's the harsh truth of it all, and you wouldn't be able to do a damn thing to prevent it. Your coins might even get stolen from the exchange, and you wouldn't be able to do squat. You might be a "bitcoin believer", but i prefer to be realistic about this whole thing, and i think that's the smart thing to do as well instead of putting blind faith into all of this.
Most likely situation, if this were to happen: DOJ swoops in, seizes/restrains bank accounts, presses civil case to recover assets... then after several years, account holders get paid pennies on the dollar out of a remission fund. If you feel safe with fiat on the exchanges, don't. (Same goes for BTC, obviously) Seriously, that fucking sucks. How does anyone feel safe with large funds on these exchanges? And how does anyone feel safe with large funds on any bank or third party? But yes, BTC exchanges are even worst. And that's why a paper wallet is your best friend. |
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