LETS TALK ABOUT IF BITCOIN MINING IS REALLY WORTH THE COST OF ALL THE COMPONENTS AND HARDWARE
Once you switch off CAPS LOCK, using the first row of your keyboard results in digits instead of some weird symbols, and voila, you can now calculate this on your own!  no need to switch off caps lock. Also, i bet he was holding the shift key down. That's the only true way to yell while typing. |
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STOP RESUMING TRADING TILL U FIGURE THIS OUT FFS
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Did it just happen again?
yes. |
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so what is the maximum daily Withdrawal from MtGox?, and multiply it by possibly 100 temporary accounts?
max daily is 200btc. but, i would guess that more than 100 people withdrew coins |
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How is it possible to roll back a glitch like this? since bitcoin transactions are non-reversible, what if someone made 200btc off of this glitch and withdrew his coins? how could they fix that?
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is this an issue that is possible to roll back? since trading wasn't frozen what how would they roll back? say someone made 200 btc off of this glitch and then withdrew them. How to fix that?
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Yeah no trades for over 6 minutes, I think he finally hit the kill button. Wish I had my money in other exchanges because they rallied as well, with no rollback possibility (probably). As far as I know the rally till $11.5 was completely legit. It was only after then that the asks disappeared. no, there were problems wayy before we hit 11.5. although i would love for that to be true  its most likely gona rolled back to 11.1 |
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Tux states there is nothing wrong, dont see why there would be a rollback if its legit.
source? |
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there will be a rollback  sux cuz i made some really good trades today |
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I think something is up. I had a sell order (on Gox) disappear on me overnight. I can't trace it down. Thought I was going crazy until I see less than 2000 BTC on the entire sell side of the order book.
yea, i call hax. |
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It looks like the pennybot stopped trading. Expect a rally imo
Hours have passed, and nothing has happened. The pennybot is back trading on bear side. In fact, there was a mini rally when it stopped trading. I'm starting to think the pennybots are just trying to maintain stability. GRR I HATE STABILITY. SO BORING. |
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i would have to assume the pennybots are setting the trends. because they switch to the bull/bear side before the trend starts to change. It takes a while for them to change the trend, but they definitely have a big influence on the trend. For example, right now the pennybot is on the bear side and they are holding back these bulls pretty effectively. I'm assuming they will switch to bull side around 10.9 and then back to bear at 11.1 It looks like the pennybot stopped trading. Expect a rally imo |
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I've actually thrown 0.01 trades out on the exchange in the opposite direction of the larger order I've placed, just to bait people into taking my order by taking advantage of this exact "indicator" in the past. Manipulation runs deep sometimes. There are no perfect indicators. Trade safely friends.
yea, that was what my theory number 2 was essentially. Baiting. I'm just wondering if anyone else has noticed the same trends with these trade bots? I find it fascinating how these .01 bots can manipulate the market so effectively. |
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just to kinda show some evidence of this indicator. When i wrote this thread the bots were working for the bears. Just before I wrote this thread the bots were working for the bulls. The price went up from 10.90 to 11.10 before the bots switched to the bear side. Now, the price has gone from 11.10 back down to 10.97. The bots are still working for the bears, I suspect they will switch to the bull side at around 10.90. Rinse and repeat.
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I'm sure many of you have noticed the bots that trade 0.01btc at a time to make the price stick to the highest bid or lowest ask. I've done a lot of thinking about these bots and I can see 2 opposite goals that they could be trying to achieve.
In this example I'll use a .01 bot that is making the price seem higher by buying at the lowest ask after every sell and places a bid that is $0.00001 cheaper than the lowest ask.
1.) it could be trying to drive the price UP by making people think the price is higher when they don't look at the depth chart.
2.) it could be trying to drive the price DOWN by baiting people into selling that don't look at the depth chart because at mtgox they see "highest bid price" being way higher than it actually is. So they assume that they will be getting that price for all of their coins, but, in reality, they are only getting that price for 0.01btc and then it slips down to whatever the highest "real bid" is.
So far, I have noticed a trend that makes #1 seem more likely.
Most of the time i see the .01 bots doing what i described in the example above I see the price go up eventually. Then after the price goes up the bots switch to doing the opposite of what i described: selling at highest bid price, and leaving an ask for 0.01btc that's $0.00001 more expensive than the highest bid price. when they start doing that the price seems to go down eventually.
So, recently I have been making very good trades based solely on that indicator.
Ofc, now that I posted that secret on the forums, they can now use reverse psychology on people using that indicator.
People are probably wondering why I would give away an almost fool-proof indicator. This is because I HATE those bots and they are way too effective. They are very annoying and the only goal behind them is to deceive new traders. Also, they cause too much stability. I know many of you think stability is a good thing. But, as a day trader, it gets real boring real fast. I want that volatility.
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awesome. i love the sounds. I do get disconnected a lot though . |
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If you look at the current trend of things deemed illegal then bitcoin price would skyrocket.
At the end we could end up with a silkroad type of exchange.
there must be some hub that dispenses the fiat though .currency has to enter and leave the bitcoin world somehow so that would be its weakest point sorry, but I would like to remind people that Bitcoin is a global thing iirc most Bitcoin exchanges aren't US based oh and I prefer to exchange my BTC for goods and services where possible and vice-versa, rather than cash out I know. That's why i specified "in the USA" in the title of this thread. I'm not even American. |
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