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3561  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: March 06, 2013, 04:56:34 AM
what sites are you all following except mtgoxlive and clark moody ?

 I notice only 59 users on clark moody now, that's rather little ?

I can't connect even if I reload the page.
3562  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: March 04, 2013, 11:46:36 PM


I don't understand the buyers there. Aren't they aware of other options?
[/quote]

No they don't. I have been involved with BTC for 7 months very heavily and I am not aware of any good options of obtaining bitcoins in fact they dont exist. 
[/quote]

Coinbase.com has worked very well so far, but I keep my account empty as often as possible.
3563  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: March 04, 2013, 10:53:12 PM
Meanwhile over on BitFloor, I just sold BTC0.78515 at $49.95/BTC.

/world record  Cool

what the... really?!?

EDIT: "bitfloor -- a glimpse of the future"


Sellers have always been scarce on bitfloor.  Now they are an endangered species.  I've been mentioning this in various threads for months, but people must still be scared because of the hack.

And the fact that they only do ING P2P deposits, least last I've checked.

That's a deposit method.  They don't do withdrawals that way.  Just regular ACH.  They also have other deposit methods if you do want to buy.

I used to use them back when I was able to deposit in any Wells Fargo bank, do they still offer this?

If you have a routing number and account number for a US account they can send you money.
3564  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: March 04, 2013, 10:39:16 PM
Meanwhile over on BitFloor, I just sold BTC0.78515 at $49.95/BTC.

/world record  Cool

what the... really?!?

EDIT: "bitfloor -- a glimpse of the future"


Sellers have always been scarce on bitfloor.  Now they are an endangered species.  I've been mentioning this in various threads for months, but people must still be scared because of the hack.

And the fact that they only do ING P2P deposits, least last I've checked.

That's a deposit method.  They don't do withdrawals that way.  Just regular ACH.  They also have other deposit methods if you do want to buy.
3565  Economy / Speculation / Re: Starting now, what could be the all time low ? on: March 04, 2013, 10:36:14 PM
here you have a quite accurate bottom line:
as you see its not linear in log scale, what means it's not exponential, so the line flattens more and more. now it is around 18$
next major correction will likely touch this line again.



you're kidding, I hope?  a trendline that flattens...

If it's a log on a log chart it's a line on a linear chart.
3566  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: March 04, 2013, 10:31:20 PM
Meanwhile over on BitFloor, I just sold BTC0.78515 at $49.95/BTC.

/world record  Cool

what the... really?!?

EDIT: "bitfloor -- a glimpse of the future"


Sellers have always been scarce on bitfloor.  Now they are an endangered species.  I've been mentioning this in various threads for months, but people must still be scared because of the hack.
3567  Economy / Speculation / Re: Irrational exuberance is going to dry up on: March 04, 2013, 10:28:23 PM
...
Strong hands > weak hands, get used to it.


Strong hands sell when the masses are panic buying.  

Strong hands hold through that brief dip.  It will decimate many but defaulters will default and everyone will relearn how sound money works.  It will be easier for people who haven't forgotten.  The assumed supply will be revealed to be elevated and the price will finally start to take off.
3568  Economy / Speculation / Re: Would another shorting site like Bitcoinica crash the price? on: March 04, 2013, 04:52:06 PM
BitFinx is the new Bitcoinica and has been operating for quite some time.

So, no.

BitFinex uses the Bitcoinica source code...soo....yeah...

Haha, holy shit I did not know this. Did he buy it from zhou or did zhou dump the code?

Code dump
3569  Economy / Speculation / Re: You guys gonna become paranoid about Ripple on: March 04, 2013, 01:33:22 AM

I don't even know where to find the code to build it and run it so I don't have an address.  Point me to where I can get started and then maybe I'll let you prove how irrelevant they are.  Tongue

Currently it's fully centralized and closed source, so you have to use the ripple.com web client. OpenCoin says they will open it "soon".


Hmmm....

Edit: rBSA2TQR8L5yvm54GFQoJMjyHwANi8VbTi

I won't trust it with much until I see some code.
3570  Economy / Speculation / Re: CoinLab News = Price collapse on: March 04, 2013, 01:32:29 AM
Important Article: http://silvervigilante.com/coinlab-repatriates-funds-to-us-no-thanks/



"GoldMoney and Bullion Vault use ViaMat for storage. Many of the retail storage facilities, at the end, use ViaMat to store metals.
Although playing right into the hands of the bankers, there is no evidence that this is a backdoor way of mass market drive-by-shooting to occur in Bitcoin, just as it does in silver.
As essentially a new “exchange,” Coinlab can now technically enable just a few individuals or organization to trade and sell on the exchange without Bitcoin backing their trade, since they could, technically, BE the exchange.  So, my concern is that this could be the entrance of 33 Liberty into the Bitcoin market to sell BTC they do not have and, as silver vigilantes will know, tank the price."


"You think Bitcoin price above silver price has not been acknowledged by High Finance? It’s likely, contrarily, they know what’s going on, and they are not pleased with this new p2p currency stealing headlines, allowing the entire world to ignore fiat in real time, now, today. Nothing short of a 51% attack on the network can allow them to control the price.  The dominant financial system must protect itself from $100 Bitcoin prices as large-scale investors move into the market. Marketing this new advent as a bank, the place to store your Bitcoin, the Bitcoin community has to acknowledge that the Powers That Be will need a mechanism (bank/exchange) to control our beloved BTC price. There is merely not enough supply at these new levels to sustain any sort of serial million dollar investments without really moving the price.  Check the Mt. Gox tick chart, the price was knocked from $34.80 to $33.15  off 22,000 BTC sold in around one hour; that means only $748,000 in BTC needed to be moved in one hour to move the price 4.75%. That is 6.1 days worth of BTC supply.
Or maybe I’m just missing the point?"


What im a saying is not a tinfoil hat argument... its a very valid argument that every US Citizen must be aware of. Especially if you refinanced your house to invest the money in bitcoin ;P

How many days of gold supply would you have to sell in an hour to drop it 5%?  More than 6?
3571  Economy / Speculation / Re: You guys gonna become paranoid about Ripple on: March 04, 2013, 01:27:27 AM
Can I have some?  I don't have any and have no clue how to get them.

They are only irrelevant if you have plenty.

The distribution of XRP is certainly an interesting problem, I look forward to seeing how OpenCoin and the devs choose to distribute them freely once they are out of Beta testing.

I'm feeling generous, post your address and i'll send ya some.

I don't even know where to find the code to build it and run it so I don't have an address.  Point me to where I can get started and then maybe I'll let you prove how irrelevant they are.  Tongue
3572  Economy / Economics / Re: Exports and imports in the Bitcoin economy. on: March 04, 2013, 01:12:07 AM
I was talking more about oDesk, ClickBank, OpenX Market, etc. Businesses that now conduct operations in fiat and pay out to independent contractors. If enough contractors, publishers and affiliates ask to be paid in bitcoins, and they comply, it becomes much easier to work directly for bitcoins even if your customers pay in fiat.

When I was looking, I had no trouble finding programming work for bitcoin.
3573  Economy / Speculation / Re: You guys gonna become paranoid about Ripple on: March 04, 2013, 12:54:32 AM
XRP are irrelevant.. hence why i never mentioned it. I got enough for a lifetime of Rippling.. why would I pay more than 1 satoshi for them?

Can I have some?  I don't have any and have no clue how to get them.

They are only irrelevant if you have plenty.
3574  Bitcoin / Press / 2013-03-01 Keiser Report Episode 413 on: March 04, 2013, 12:05:15 AM
http://rt.com/shows/keiser-report/keiser-report-episode-413-674/

"Replacing humans with non-suicidal robots would get rid of environmental concerns, as well as all these pesky, GDP-busting human problems like hunger and fear. But would the courts even be able to examine their algorithms if a robot turns killer? They also discuss how a robo-pope would be first truly infallible pontifex. In the second half of the show, Max talks to author, comedian and gold bug Dominic Frisby about death crosses and gold prices, and about independent currencies – whether the Keiser dollar, the Frisby pound or the bitcoin."

Bitcoin all time highs mentioned briefly at the very end.
3575  Bitcoin / Bitcoin Discussion / Re: Sendbitcoins.net opening its doors! on: March 03, 2013, 11:48:50 PM
Is it really a good idea to allow reversals though? It could increase your own costs and the point of having reputation in feedback is so that people can make educated decisions.

As of no i wont allow reversals in 99% of the cases but i am planning to build up a budget from the fees and offer that service maybe later. If someone was scammed and can proof and the scammer still has funds on his account a reversal is possible, but unlikely.. at least in the near future. I really want to take too many big risks right at the start, things will come later on i am sure, but not as of now.
But for security i am planning to introduce two more layers for "trust":

- Escrow
Dont have to say much about this, do I?

- User verification
I will start offering this service sometime next week. It is basically, although i know its a bad thing to compare to, the same mechanism as in GLBSE. I am planning to offer verification of users by accepting some credentials form them, like telephone number or snail mail address, Skype (..whatever, the exact things i have not yet decided on) and mark them as trusted users in addition to the ranking system. Chances are just better the more verified users are that they are more trusted. And before people ask: No i will neither store nor sell nor do anything beyond verifying the existence of users  with private data. BUt I think i will just go so far as to verify phone, skype, snail mail and maybe some picture ID.. we will see about that. Still have to decide about that like i said.

One small feature to add to sendbitcoins is "Subscriptions" for recurring payments that get payed, like the paypal api offers, every so and so days interval until either stopped or the user having no mor emoney on his account.
Another thing i am thinking about is an accountless payment. Instead of logging in you get an address and pay it. IPN notification is withheld until the payment has confirmed 4 times and then gets verified.. still have to see if that somehow breaks APIs i test with.

If chargebacks are possible, you are providing escrow.
3576  Economy / Speculation / Re: Ultimate bear chart on: March 03, 2013, 11:25:53 PM


Here is an updated chart about bitcoin's future.  This is an all time chart so that you can see what I'm talking about.  You can see the big picture with this one. 

Substitute bought for sold and rally for crash and I agree Tongue.
3577  Economy / Economics / Re: Exports and imports in the Bitcoin economy. on: March 03, 2013, 12:21:06 AM
  • Get payment processors, ad networks, affiliate networks, etc. to PAY OUT using Bitcoin.

Exactly.  All those freelancers working for oDesk, eLance, Freelancer.com, etc, should be beating the drum for bitcoin.

What would cause that to happen faster is a competing service that starts to take share of the talent pool by using bitcoins as a competitive advantage over the alternatives.

The rates are so ridiculous I only ever go through the official payment method the first time I work for a client.  After that, they have all been happy to pay me directly.  I'm not sure bitcoin being officially supported would make much difference, although it might simplify things in the case of international payments.
3578  Bitcoin / Bitcoin Discussion / Re: bitcoin statistics on: March 03, 2013, 12:05:46 AM
Hi I wonder if there are any statistics script with bitcoin to insert into a blog or website?

  as can be done to collect the statistics of bitcoin, trouble, value, amount of bitcoins, ect ..

Start here:
blockchain.info/charts
3579  Economy / Economics / Re: You think bitcoin is volatile? Look at a price of a Big Mac. on: March 02, 2013, 10:57:39 PM
You silly city-dwellers are getting fucked as usual.  Big macs are still only about $3.50 here.  Still, it's quite a jump from what it used to be.
3580  Economy / Speculation / Re: Where are all the bitcoins? on: March 02, 2013, 10:42:12 PM
or keep investing into a product I turn to cash, and buying more bitcoins..? One things for sure I have seen my USD grow, but Im getting a lot less btc for those USD now..

You have no control over the direction of the bitcoin exchange rate.   If it stops rising (like it did for many months until June 2012) or heads the other direction, you not only don't earn anything you lose value.  

Some traders are good (or lucky) at determining a move up or down and can profit by actively trading it and making money when it goes their way, but everyone else holding coins sees declining purchasing power when the rally ends.

So,if you have an approach that consistently generates profits, that is much more valuable than seeking speculative gains that you have no control over.  You might find excess USD profits make a good way to add to a BTC position.  But remember that revenue and profit-generating ventures aren't always possible to build or find so if speculating on bitcoins comes at the expense of that venture, that might not be the wisest turn to make.

Great points.  I would only add that you can't know if you are good or just lucky until it turns out you were just lucky Wink.
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