what s up here? Auroracoin still alive? Are there any devs left?
hard to say. Haven't heard of balduro in a long time. However someone managed to get the second airdrop going (end of july, still in progress, 4500 claims so far. Has ebbed down, though with ~1.4 million AUR claimed. Surprising for most of us: the claim amount was raised 10-fold to 318 AUR per person). Who knows.. it's a long unlikely shot now and it doesn't look good. Doubt any Icelanders are doing much of anything but selling their airdrop coins. |
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Even if it's just a 50% chance it's another 10-bagger, it makes sense to hold at 660 (unless one desperately needs fiat, in which case one might want to consider selling now instead of putting it off, to be honest)
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It's even more asymmetric than that. If there's >10% chance of a 10x, it makes sense to hold. And that's assuming 90% chance of going to $0. Yes, I'm aware. Thanks for pointing that out and for presenting the math. In my defense: I had actually edited the "50%" to "10%", then "~15%". Then I realized people might subconciously associate a "10% chance" with "10-bagger", so I left it at 50%, which is more in line with my expectations ;-). I'm growing increasingly aware of the fact that there exists an enormous suggestive potential "between the lines" and I'm trying to work with that, even if it means making an assertion less strong than it could be made. |
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I would have been way too scared to plop down $30k at any $1000 + price point during that period, and maybe the smarter thing would have been to wait a month or two before getting started - but few people really seemed to have any real clue about how high the upward momentum was going to go or last.
Noone knew how high it would go... you did pretty well I'd say. |
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Alright this is getting pretty scary...
don't trade on emotion. its dropping down a lot and thats not a good thing
why not? Maybe you could rethink your position? Would it make sense to have some fiat on hand to scoop up cheap coins in case of further decline? How is it going to feel if it does decline and you have fiat. How is it going to feel if it doesn't decline and you have fiat. How is it going to feel if it does decline and you are all in. How is it going to feel if it doesn't decline and you're all in? Four questions. Your individual answers to them can guide your decision. at this rate do you think it will go back up again?
wether or not it will go back up again doesn't have much to do with the current rate of decline (which is rather slow, in fact) and yes: I think it will go back up again. Also: if you're tempted to sell at $660, DON'T |
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Any update on this?
Yes, the alpha-models work! Last week I believe I performed the first bitcoin multisig transaction signed offline by a passive NFC tag (no battery), transmitted over an air gap, and then broadcast to the bitcoin network in real time. Here's a video demonstration: https://vimeo.com/105458967Cool video, your excitement spills over to the viewer. Well done. (I assume it's you in the video?) |
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RE: My above post.
So I quickly ran the numbers for supposedly the most efficient advertised hardware available (Spondoolies SP20 and the SP31).
Even if they are able to produce these for $100 per unit, by the time you take into consideration $485/BTC, pay for shipping and a power supply they are not profitable to run at the lowest energy costs in the country ($0.05/KW hr) Not for one week....not for 6 months. It doesn't help to scale up, my calculation does not take into consideration commercial datacenter costs...so 1000 of these doesn't help, it makes the losses much worse.
I seriously doubt that ANY company producing hardware is able to produce 1.7 TH for $100.
(ASICMiner for example has a chip only cost higher than that.)
I would say with some certainty that there are no miners that are able to profit at today's difficulty vs equipment efficiency vs equipment cost. If you think you can mine for profit you are fooling yourself or not taking into consideration all the hidden costs.
Then what's the explanation for the continuation of the hashrates exponential growth? Inertia? |
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September was not half-way. Price was about $120 then.
If it now rises to $660, many are tempted to sell.
DON'T.
Obvious pump here. Do people take this guy seriously? Obvious that he was a bag that he want to dump so he needs greater fools to drive the price up so he can have profit I see this game in penny stock land all the time Bitcoin is not some penny stock. What (I think) rpietila is saying: yes, we've been agonized for 10 or so months now and it's tempting to sell when we reach that dreded $680 level again. But: there's another possible 10-bagger waiting. If we pass $680 it's quite possible we'll see those crazy times again when people (fresh blood) will be falling over each other, scrambling to get some Bitcoin: "What?!? Bitcoin has survived again? I thought the CEO was in jail?!? That's some tough honey badger right there, anti-fragile shit mofo. choochooo!". Even if it's just a 50% chance it's another 10-bagger, it makes sense to hold at 660 (unless one desperately needs fiat, in which case one might want to consider selling now instead of putting it off, to be honest) Selling at $660 is like selliing at $120 last year. Rpietila has experienced the consequences of doing that. This is why I think is advice is sincere. Sure, he's talking his portfolio (but ones honest opinion should match ones portfolio anyways), but I highly doubt he'll sell at $660. |
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Look at the text I just received from a good friend. He's a young dentist in Vancouver.  Now the question is "how do I answer him?" [This is always a problem for me]. If I recommend cavirtex, then he must persevere through the time-consuming KYC/AML procedure, link his bank account, and then still wait a week for the first transfer to clear .... Telling him about 2FA on top of this will be too much [I wish cavirtex disabled bitcoin withdrawals by default unless 2FA was enabled and verified]. I could send him over to the bitcoin ATM which is fast and easy [although unsuitable for large purchases], but then I would feel personally responsible to set him up properly with a wallet on his phone, a back-up of the seed, and a cold-storage system. I wish we had an exchange-tradeable product like GLD but with bitcoin as the underlying…  Urm... Just set him up with a wallet and sell him some coins? |
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there's gonna be a new pump in 2 mins.
what the... How could you know this O_o Maybe we followed a pump from the china exchanges? actually the post was way after the big upswing, right? |
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Hm, irgendwie scheint jeder noch "mehr Luft nach unten" zu sehen...
Be greedy when others are fearful?
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Does this count as "capitulation"?
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The cancellation makes me sad... but let's look into a bright future... I'm sure we'll party somewhere.
A big thanks to 600Watt and the other organizers!
I would be willing to pay a small share of the expenses, say 10% of the ticket price (by ways of only receiving back 90% to the paper wallet), so you don't have to carry that financial loss all alone. Maybe others will chime in?
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What happened to the shorts vs usd swaps chart?
looks like an opportunity to me: I feel like a 3rd grader, but can you tell me what you see as an opportunity? All I can get out of that is spaghetti. You seem to be good at explaining things to non-trolls and I assure you, I am here to learn. I think cypherdoc suggest to try to squeeze those shorts (represented by the red "BTC Swaps", the amount of BTC borrowed by people (and probably sold opening a short position). If we buy BTC hard enough - driving the price up - these shorts might be forcibly liquidated (the borrowed BTC bought back from the market) by the bitfinex platform to protect the lenders, which would drive the price up even more, maybe effecting a cascade.  |
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we missed you last time! will be there. |
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Let gold be gold, and Bitcoin be Bitcoin. And people use whatever they wish.
epic! will use. |
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It doesn't feel to me that we really have 'blood in the streets' yet. Remember what it was like after the rally to 266 when in early July we were trading in the 60's? I don't think there's anywhere near as much despair here now as their was then....
I remember well. I even panic-sold some coins. I don't feel that panic yet at all, I'm quite calm in fact. So I agree: we're not there yet. On the other hand: I haven't been an observer of markets for long enough to acknowledge as fact the necessity of blood on the streets for a bull market to start up. |
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Isn't this a premined shitcoin?
yes. go away... nothing to see here. |
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