Quoted for future reference, when you're putting on your biggest troll hat again.

Wait.

You can just delete my post then.

...

SELL SELL SELL

China is not "out completely". Not as long as their order book still has a life of its own.





Based on its volume, it simply has been downgraded from 'the exchange you must watch' to 'one of 3 exchanges you should keep an eye on'.

Ouch. Topic moved by Blitz. oh well.

I'm surprised so many of you are pretty generous ... several "up to 10 BTC" answers.

Proof that BTC holder = master race

[Note to self: add Blitz and macsga to list of people who don't read linked articles before commenting on them.]

Sorry guys

You're too right. Even the mainstream media is picking up on it big time....

Libertarians And Millennials Are Going Crazy Over Dogecoin ... - Forbes

Is DogeCoin a potential weapon of mass economic destruction? - Guardian

Should you invest in Dogecoin? - Wall Street Journal

Absolutely sobering :/

Good thing then BTC isn't one, huh

Basically, yes (as far as I understand it myself). If the transactions into the addresses you gave away all came directly from addresses only you control, they will be able to go all the way back. Any intermediate transfer through addresses containing BTC of others adds [whatever the inverse of taint is]. Obfuscation?


Mind if I ask which course it was you taught?

I'm all in with the speculative part of my position. Ready to sell (at a loss if necessary) if things don't go the way I hope they do, but the stability of the recent few days is a pretty positive sign IMO, short term at least.

Sorry for a dumb question, but can you explain the line feature a bit?

Does it simply connect to points? Because there seems to be some gentle curving going on, don't understand why I admit.

I wish I placed one large-ish buy an hour ago. Now I'm in with all that I'm prepared to spend atm.

Seemed like a good idea to me to give some of my friends and relatives BTC as a present, no? Any interesting stories how they reacted, questions they asked?

I love it when my own buys make a noticeable candle, pushing it above some interesting price point. (only on Bitstamp, so less volume is needed, but still feels good )

It's been a mantra of board members as long as I'm on here (not that long, but long enough to see it recurring). It's what evolve and even Rampion kept on saying after the April peak, that it has to "deflate all the way". I kept arguing against that notion over and over again... probably a misunderstood lesson from other markets, in particular what is called "bubbles" in those, applied crudely (and incorrectly) to the growth model of Bitcoin.

One of the best original posts in here for a long time. Thanks, wachtwoord.

There's additional detail to be added, and I'm not sure if I completely agree with your (growth spurt) count or the exact choice of the exponential series you see, but your post is much appreciated, if for no other reason than the following: establishing a much better word for what we see than "bubble".

For some irrational reason this board (bulls and bears alike) keep referring to the periods of extreme growth (up to a new ATH), subsequent correction (down to a capitulation low), followed by continuation somewhere between the two previous extremes, as "bubbles". Conceptualizing them as "growth spurts" is much more accurate.

The above two posters are right, of course. It's about whether you can trust a particular vendor or service.

And this is exactly what this thread is about: Establishing (again, I suppose) that there is a noticeable lack of trust in BitBet and MP.


Also: Merry Christmas to you all

I love the new "trading calculator". Extremely useful, thanks a lot!

It also works fine for me when using USD as input, so I don't know what you meant earlier when you said that side of the calculator isn't working well yet.

The only problem: the calculator only includes a pretty small part of the order book it seems. For larger orders (too much USD or too many BTC) it fails and says "out of orderbook". Any chance you could make it a bit bigger?

hahaha

"Oh, baby, let's get into half fiat half coin position"

"Fuck this. I need a new boyfriend."

Meh. Wouldn't call myself a bear, but I somehow doubt we've seen the end of this correction, so my position is still split between fiat and btc.

Honest question, please answer to the best of your knowledge OP:

With which volume was this amway thing (never heard of it, probably an American thing) trading at its peak?

Bitcoin is in the ballpark of 6B USD yearly. That's well below the trading volume the stock of a multinational company sees, but a figure that should give you an impression that a lot of the comparisons that are thrown around here probably don't fit.

So maybe Amway was in that range as well, would be interesting to hear that from you OP. But my point is this: I'm not saying that Bitcoin will succeed for sure. But it already reached a size that makes it difficult to compare to pretty much any phenomenon I know about... not even the often refered to Dutch tulip mania qualifies, because that was (to my knowledge) in the end restricted to the national market of the NL, not a global phenomenon.

In other words, even if Bitcoin fails, it will create its *own* point of reference... nothing in the history of finance accurately compares to it.

Don't oversimplify things, please. You have a point, but you can't conclude your argument with: "simple as that". You make at least one (implicit) assumption: a linear risk/reward preference.