Was anybody expecting the drop from 450 to 380?
I certainly thought it was a possiblity: For Case #1 how far down would you expect the price to drop after a top at 480-500?
this is not an answer and from the wrong guy, but something in between 350 and 390 as a new higher low after 500 higher high would build a nice uptrend channel.I expected this to take much longer (days), though. now I'm hoping 350 (or at the very least 320) will hold so we have a nice uptrend everyone can rely on. |
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Oh my God, please make it be historical 3
i believe historical 3 must be fueled by some big bad macro news in order for it to be massively insane and reach 3-4000$. whilst the dolla keeps on rising, i dont see it yet. it could definitely go back to 500$ but i dont expect some major increase after that. With bitcoin I got used to expect the unexpected. |
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Sorry, master, I know it's your thread, and that's the place to worship you and no false gods besides you, but just once, I'm going to quote myself  So in your view, this:  is not a likely continuation, in a similar way to how May played out: [...] great call! |
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This upswing is not sustainable.
You always hear that during these rallies. It's hard to call the top. Sure: there will be exponential blowoff and healthy correction, but when? Noone can really tell. Hell, it could double or even be a ten-bagger before it corrects substantially. This is Bitcoin! |
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more people are buying than selling  this. but why? because: buyers have been holding back their purchases in hopes of even lower prices (continuation of the bear market). It's becoming increasingly likely and clear that aint gonna happen (sub $275), so buyer jump in in panic. Add to that low ask-side liquidity and you get what we see. The question is how far we go. Is this the big one already that breaks the ATH? I doubt it. There will be a healthy correction or 2 or 3 before that happens sometime next year. I'd love to be surprised, though. |
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Bitfinex prices on BTC are $468 right now versus $449 on Bitstamp. Seems a bit odd? Are leveraged bulls really that eager?
It could very well be a short squeeze as people with short positions have been forced to cover their position. Arbitrage will likely cause the difference in price to decline I agree, short squeeze related. I think arbitrage will reduce the difference, but Bitfinex has been really leading this really, and I don't see an end in sight because short interest appears to still be the same. appears to me the rally is china-led. bitfinex is just able to follow faster due to the USD swap market. |
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AND SOME PEOPLE HERE COMPLAIN ABOUT VIRCUREX Really guys, how can anybody trust government bonds anymore after Greece, Hydro Hypo Alpe Adria and so on.... Note that bank deposit insurance schemes are pointless. The 100 000 number means nothing. Just one small to mid size bank can be covered by these schemes; but in a crisis there will be several banks and AFAIK the money in the scheme is roughly 1/10 of a percent of all deposits in a region Putting money in a bank is like putting it in an exchange; it can be seized or frozen or just gone at any time.  Corrected the name of that austrian bank so people can google it. Your points are correct, though |
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For Case #1 how far down would you expect the price to drop after a top at 480-500?
this is not an answer and from the wrong guy, but something in between 350 and 390 as a new higher low after 500 higher high would build a nice uptrend channel. |
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"So I said OK well let's assume it's something like gold. There's a finite amount that's been mined. The rest is underground. We kind of know how long it's going to take before all the gold is mined or before all the bitcoins.
"Put them in the same kind of equation we get a value of bitcoin and that value is a million dollars. "
hehe. oh man. that media-driven frenzy might start happening once again. |
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Odds are 40% for 420 broken and then 500 reached.
60% for incomplete impulse down from 680 will continue after triangle (triangle not formed well yet)
Impressive. So impulse down was complete.
Does this mean 500 will be reached? |
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Remember we were at $360 ONE DAY ago
OMG! a Bear! I read it as a bullish remark. Like: "look how fast we go up! $60 in one day"... |
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Data from Blockchain points to a steady increase in the number of daily transactions, although that change is not followed by a corresponding rise in transaction fees. This, in turn, points to a greater number of non-commercial transactions taking place.
urrh, what? what the hell are non-commercial transactions and why would they carry a higher fee? |
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I shorted bictoin at $280. Sitting on a big loss. almost $24000 now  Fuck me, what shall i do?  DUMP IT DOUBLE DOWN |
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can you tell us how to do this with bitcoind? Doesn't work out of box: #> bitcoind sendmany "" "{\"1addy\":0.13117745,\"1addy\":0.13117745}"
error: {"code":-8,"message":"Invalid parameter, duplicated address: 1addy"}
I realize now that the native client doesn't support the creation of the transaction I put up as an example. The problem seems that the JSON object kicks out the second argument b/c it is the same address. Wallet software like Armory will allow you to create the specified transaction. Also: I asked for an OUTGOING transaction FROM the registered address with two outputs. You're free to choose different arbitrary target "Create an OUTGOING transaction with two identical outputs with amounts of 0.13117745 using the BTC address in the final bitfunder shareholder database". From this I figured the outputs of the transaction would have to be using the BTC address. I guess it can be read that way, no? Now what do I do. Move more fund to that address (for fee) and the make a transaction that has my BTC address as inputs? addresses and thus don't have the problem posed by bitcoind. But unless all inputs in your bitcoind wallets run on the bitfunder address you may pull the BTC from an arbitrary address and thus create and INCOMING transaction with two INPUTS of the specified amount. If you want to use a crude tool like bitcoind to create a qualifying transaction I recommend the following steps: bitcoind setaccount "MYBITFUNDERADDRESS" "MYBITFUNDERACCOUNT"
bitcoind sendmany "MYBITFUNDERACCOUNT" "{\"RANDOMTARGETADDRESS1\":0.13117745,\"RANDOMTARGETADDRESS1\":0.13117745}"
And please make sure that MYBITFUNDERADDRESS has the necessary balance. Sorry for the technical hurdle. you're making us jump through quite some hoops here. Why not just have us sign a message?
Signing a message requires me to do manual verification and doesn't provide you with a confirmed receipt. my bitfunder address is in a electrum hd wallet. I'm certainly not going to export a private key from a HD wallet, so I have to construct the transaction using electrum (or hand-craft it and sign it with electrum or whatever)... I'll see what I can do, but I'd like to note that this process is probably costing me more money (in the form of my time) than I will ever receive from icedrill. |
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Shorts are closing  Shorts are actually adding, not closing. Weren't they 14k before? 15k now.It's good fuel. Oh wow! That's greatly amusing! I figured shorts had to be down a lot. |
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wow, the good times are back? excitement, trains and all that stuff? gently surprising! I somehow got used to that fucking bear market. |
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are we finally in bull?
breaking 420 substantially before correcting would constitute a 'higher high' and put is into an uptrend since the 275 low. If you zoom out you can still talk about a bear market, though. |
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It is possible that Auroracoin was 'designed to fail' like you said, and that this project was commissioned by people scared of the change that cryptos can bring and sabotaged from the start. Because the developer chose to stay anonymous then there is no way to deny this accusation. But it is also the case that this is still a project that other people can build on, so long as there are people in Iceland willing to devote their time and lend their names to a movement in order to revitalize this project.
why designed to fail? How it played out is exactly what i anticipated from day one - i did not anticipate people giving up on it, but it was clear from the launch that this airdrop would cause massive decrease in price and the speculative bubble in the beginning was madness of course. Everyone with half a brain was able to see that clear as day. People seem not to think. Now what about AUR? Let it rot or what? What about the airdrop? Will that be going on until the year 2020 or what? Take the heads out of your asses and stop the airdrop and then build this coin up to a top 10 coin again. Nothing more easy than that. I count on you to make me filthy rich Just stop the sellpressure from the free coins and it'll turn out quite well. If you look at the 'tx_count' and 't' columns (the other columns about claim rate are wrong the calculation assumes at least one claim per block (or hour, don't know)): http://blockexplorer.auroracoin.eu/claims.2.html you'll see that we have about 2 claims a day or 636 AUR/day selling pressure form airdropI think the selling pressure from miners is greater: not sure what the block time is supposed to be, but it seems we're currently mining about 80 blocks in 5 hours (roughly guessed from: http://blockexplorer.auroracoin.eu/chain/AuroraCoin?count=100&hi=71155), which comes out to roughly 4,750 AUR/day selling pressure from mining. The airdrop isn't a problem. Mining isn't a problem either (it's needed). Lack of local (and global) interest is a problem. |
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I get people throwing signatures at me. While I can do some manual verification please be so kind and create the transaction I asked you to if you want to claim your address. You don't even have to contact me as the transaction and the bitfunder address listing is publicly visible. I have created a sample transaction for everyone to inspect: https://blockchain.info/tx/b6f8e59b0b21bcb58619c15f19bd7b29c09d0750eaaf43bb4da498ed70cf1447It contains TWO 0.13117745 outputs. This is the clue for me. As stated before, if you want to submit a lesser amount of BTC I am also looking for a pair of either of the following amounts: 0.01311774,0.01311774 0.00131177,0.00131177 0.00013117,0.00013117 can you tell us how to do this with bitcoind? Doesn't work out of box: #> bitcoind sendmany "" "{\"1addy\":0.13117745,\"1addy\":0.13117745}"
error: {"code":-8,"message":"Invalid parameter, duplicated address: 1addy"}
you're making us jump through quite some hoops here. Why not just have us sign a message? |
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