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2821  Economy / Speculation / Re: you guys seeing this!!! some one just bout thousands of btc. on: June 11, 2013, 09:43:13 PM
You know guys that after that push to 110 there was a 4k wall at 110 that got eaten?

Bid wall right?

yup. So there is somebody sitting on 4k coins bought at price 5USD higher than todays weighted average.

maybe knows some insider info? knows that its going to 150 and its going to go fast.... humm dont know what else it might be.

RLY, SRSLY ??

If I had tons of money to invest, I'd have probably done the same thing, because it might be simply a good investment.

Occam's razor, people.


pirate@40 is the simplest explanation
2822  Economy / Speculation / Re: I have seen the light on: June 11, 2013, 09:37:16 PM
^ but what is bitcoin backed by  Huh
2823  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: June 11, 2013, 09:19:42 PM
https://www.kitcomm.com/showthread.php?t=119480

Quote
No. Most silver comes out as a byproduct of other mining and costs below $4 bucks to mine. Indeed there are some mines that cost $15 or more to mine an oz but those are few and far in between. Any price above $2 (two bucks) is profitable for mining companies. Lets not forget that in 2002 silver was $4 bucks and it was very profitable to mine it then. Nothing has changed since!

edit: while we're at it, http://www.zerohedge.com/news/2013-05-21/visualizing-cost-mining-gold
2824  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: June 11, 2013, 07:54:46 PM
Is SLV decoupling?  Kitco showing 21.65...

Also its pretty hard to read the graphs you post & I'm on a "traditional" computer.  This may be why nobody's commenting.  Maybe fool with the font sizes or just describe the graph at the top so we don't have to try to read it in the image.

Thx!

You can right click and open image in new tab so it is clearer
2825  Economy / Speculation / Re: price will pop back up to $120 monday morning on: June 11, 2013, 02:52:21 PM
CanadianGuy had no assurance you guys would pay up if he was to be right!! Yet he paid up his end, drop it already.
2826  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: June 11, 2013, 02:15:01 PM
Poor gold, when will it ever catch a break?
2827  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: June 11, 2013, 01:52:30 PM
Isn't that gambling, defined?  Some day traders do more than simply watch the price & ignore past performance etc.
...You only saw the massive swing from doubles to 250+ because of a huge influx of new players. If that phenomenon never happens again, you can completely forget about ever seeing $200B again, let alone higher.

+1  Couldn't agree more
So to rephrase it in a more positive light, aren't you also saying that all BTC needs is a huge influx of new players for a massive swing from the low $100B to $200B+ again?

Or massive inflation
2828  Bitcoin / Press / Re: 2013-06-10 PRISM’s effect on bitcoin prices on: June 11, 2013, 11:52:04 AM
Who are Coindesk's journalists??? Ugh, for the millionth time corration =/= causation
2829  Bitcoin / Bitcoin Discussion / Re: BitCoins for Edward Snowden. on: June 11, 2013, 03:49:02 AM
From what I have read, these are facts:

  • He was not working for a foreign government
  • He did not reveal the info for money
  • He concluded that his agency was breaking the law
  • He was selective about what he revealed
  • He went public at a great personal cost

...and he made public illegal activity by public officials ( breach of everyones 4th amendment rights ), so he is a whistleblower and should be protected. The senators that were briefed and approve of this should stand trial for conspiring to commit civil rights violations along with the NSA, FISA court judges, and the President.

There exists a classified whistle blower process.  Essentially, it allows someone inside a classified program to contact an investigative agency that has individuals cleared for access to the program.

Snowden does not appear to have used this process.  A claim to be a "whistleblower" will be difficult to sustain in the face of this.

The basic problem is that what he did _was_ illegal.  It was also morally the right choice.

The judicial branch is not well set up to handle that.  The executive branch will want to hang him high.  The legislative branch will run around in circles, as always.

Snowden's best bet is to become very hard to find and wait for the next US President to issue him a pardon.



When was the last time someone used such a service successfully? Sounds like possible psyops to me
2830  Economy / Speculation / Re: I just cashed out my lot of Bitcoins for Gold. Here's why. on: June 11, 2013, 03:29:36 AM
And it looks nice when worn.....

60% of all gold mined is used in Jewellry.

Bitcoins look nice in my wallet too Grin

I suspect gold is used in jewelry primarily because it is expensive, not even because of its chemical properties. Chemical properties are important too, especially for earrings, but for many other items, I see no particular reason why women would prefer gold & diamonds to plastic & glass. I'm not even sure where this idea that a woman with holes in her ears, and pieces of metal in them, somehow looks 'nicer', is coming from.

Yet, it is surprising how many agree with this idea, no?

The unique chemical properties of gold are pretty special.
You can't really burn it up.  It doesn't oxidize.  It pretty much is forever.
Diamonds are similar.
The notion of something lasting forever has a romantic quality to it.
To some of us, really cool math, elliptic curve cryptography, and an elegant philosophical proof are also highly rewarding and weirdly romantic as well.
You can do the math and see which of those are more likely to appeal to your lady friends.

are you talking about the white paper or am I missing something?
2831  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: June 11, 2013, 01:13:20 AM
Newbie trader here. Would like some trading tips. I see consolidation is happening right around $105.00-$106.00 area for the past few hours. Usually does this mean it will break out upward after or will it drop? Thanks in advance.

Be careful, they will tell you the opposite they think is going to happen to take your money  Grin

LOL. This doesn't apply to me, plus I'm small-time. If I say something that turns out false, then I was just plain wrong, not trying to trick people.

edit: but yeah, I know what you mean. Sometimes I think that too.
damn, reverse-reverse psych. I like your technique good sir Cheesy
2832  Economy / Speculation / Re: you guys seeing this!!! some one just bout thousands of btc. on: June 10, 2013, 11:08:39 PM
You know guys that after that push to 110 there was a 4k wall at 110 that got eaten?

Bid wall right?
2833  Economy / Speculation / Re: each large dump ends with less btc rich people? on: June 10, 2013, 05:15:21 PM
Not really, the prices are up again, I think each dump allows those who wanted Bitcoins to go into the market to buy more.

Well, it allowed me along with everyone else as per supply demand curves to buy more if anything (in addition to the initial dumpers).
2834  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: June 10, 2013, 05:07:47 PM
^ aka DFDC Smiley
2835  Economy / Exchanges / Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading on: June 10, 2013, 04:40:48 PM
Works on my end
2836  Bitcoin / Press / 2013-06-10 Coindesk - End of MtGox, future of BTC exchanges? on: June 10, 2013, 04:06:24 PM
http://www.coindesk.com/end-of-mt-gox-future-of-btc-exchanges-an-interview-with-btc-globals-steven-morrell/

Quote
If you’re not a fan of Mt.Gox, hold on tight, because one new startup is about to change the world of Bitcoin forever – hopefully. On June 5th BTC Global – a Uruguay-based Bitcoin startup – released an exciting press release announcing their Massive Parallel Licensing program. Initially, the press release stated that BTC Global has developed a distributed solution to address the regulatory challenges facing Bitcoin adoption in the United States and throughout the world. However, there has been some inherent buzz about this, people are really not as excited about the potential implications of this news as they should be. Not only could this be the end of Mt.Gox, it could be the dawn of a brand new Bitcoin age – the one we’ve all been speculating about from the start.
2837  Economy / Speculation / Re: My last Warning to the Bears on: June 10, 2013, 03:48:41 PM
Always been and always will be. I watched it go down to 1.99 without selling. I am always skeptical, but overall long-term bullish.  Fundamentals trump technicals. Can’t win without being willing to risk it all.

I have a single bet, and that bet is that Bitcoin’s forced scarcity combined with decentralization will attract huge money. The move to 32 was not caused by this type of money. Before I see most of its potential reached, I’ll be in, whether I lose the bet or not.

Also, I wanted to stock up on more sub dollar Bitcoins like in April. Too bad it diidn’t happen.

Sorry for the thread necro, but this is just an example of where we come from.

I know the friends of the Wall Observer thread will enjoy this topic created by our now fellow-in-bearishness Blitz. There was a time when even the bears where perma-bulls Cheesy

Respect to you, Blitz Wink

great bump
2838  Bitcoin / Press / Re: 2013-06-10 cnn.com - Meet the world's first Bitcoin baby on: June 10, 2013, 03:44:06 PM
duplicate
https://bitcointalk.org/index.php?topic=231123.0
2839  Economy / Speculation / Re: price will pop back up to $120 monday morning on: June 10, 2013, 03:30:20 PM
it'll only require ... 19909.943 BTC to get the price to $120.00...
2840  Economy / Speculation / Re: RALLLLY!! on: June 10, 2013, 02:53:16 PM
Yea baby! Pile on!

the big buyer to $110/btc has yet to sell, correct?
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