Does really someone eat gluten-free foods if they don't actually need them? Sure, if you have a disease and you cannot eat gluten obviously you will eat them, but otherwise?

You're mostly correct, but I still hold out hope. The sad fact is, the 90% sheep population will eat whatever mommy government feeds them. That said, bitcoin and decentralization is a worldwide movement, not just the U.S., and as an American, I hope there are other countries on Earth where the population cares about more than simply what Kardashians are doing or who is playing who on TV tonight. Not to start a political debate... but I have a feeling, with regards to US regulation, long term it won't matter anyway.  The US is an exponentially increasing decline due to the very factors you speak of. The fact bitcoin exists and NEEDS to exist is, IMO, proof.

I recognize that the US is not alone in regulatory bullshit, and sadly it probably won't be in my lifetime, but technology (like bitcoin) has the potential to change everything at such a fundamental level it's astounding to contemplate.

Here is to a bright future, even if in the short/medium term things are dark *cheers*

Questing, you should look up technical analysis. A lot of bots will do this. I used to run a number of bots, one which ran arbitrage across a few brokers averaging out the price across them and others which used technical analysis. They are / can be very very successful if you know what you are doing. There is a lot of potential to make a lot of money doing this still. I turned my bots off recently to concentrate on other bitcoin projects, all funded using the profits I made bot trading.


notme: did you have to update your code recently with all the mtgox api changes? my scripts were caught out a number of times by mtgox upgrading their api. Last week it was them turning off anything sending orders to their non data.mtgox.com url.

what do I need to run it? (on linux)

gem install bundler
cd rubybot
bundle install
ruby bot.rb

Does this strategy work for you?

I have a collection of bot strategies that I simulate with Mt. Gox data. I manually tune the bots with "subsidies" or "taxes" depending on success, so I can discern which bot is the best. The "communist" strategy effectively does what you state (tries to maintain a 1:1 ratio of value), and it is among the bots which require the most "subsidies" to continue operating.

I think there's more to risk thank 2 days of programmer time.

That is genuinely fascinating. Thanks for telling us how your operation works. Now here's a man who knows how percentages work. Do you mind if I ask a question plz? How efficient is the following trading method? Use the MACD to mark buy and sells, and when there is uncertainly or very weak trends, go half in. Basically hedge both ways. Is this an ok method? any suggestions would be appreciated plz?
1.3% intervals is obviously a figure you've arrived at after a great deal of trial?

not even 2 days, just a phone call to bitpay

Why do they use these bots? Do they analyzing data, and buying and selling btc automatically?

adoption not imminent. It's also the lowest comment count item for anything above 40k votes. Considering each person has 6 votes, that's only 18k voters. Most vote just to try to push price of their investment up. Assuming they even get 5% of those people as new customers because of the change, that's still only $100k for the next year. Not worth it at this point.

Gold is up now

BTC gonna crash like crazy

My own little nagging to the bears. 

 

5% up, talk about an anti-climax bulls.

I'll keep the popcorn ready, the drama from the upcoming selloff will be hilarious.

My my, a non-ultra bullish smoothie?

My gut is screaming bull trap, bear market, capitulation, and bear trap all at the same time.


Getting mixed signals here.

Am I the only seeing that the oscillation created by the bubble/crash has been damped?

This happened during the first bubble too





I say it's gonna slowly go up again. Slowly because some people are still butthurt and cautious.

Quite often I find myself in a passionate discussion with my friends about the future BTCUSD rate, so I was thinking about building a simple website where I can state: in 10 days the rate will be at, let's say, 200. After 10 days, my bet is distributed amongst players with better guess. Would any of you find such service entertaining or is it nonsense?

Thing is, regular bitcoinity wall pics are actually more useful. You can't really tell much about the walls with the 3d pic. It has a cool novelty factor, but that wears off pretty quickly. I have ignored the ChartBuddy