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3941  Bitcoin / Hardware / Re: Avalon batch [2] countdown! on: May 08, 2013, 01:01:09 PM

...

Ah yes, I deal with this all the time with my 5 year old.  He begs for the latest toy or junk food, I tell him "no," and he proceeds to lie and say he doesn't want it anyway.  You didn't want an Avalon after you were told you couldn't have one.  It's okay.  It's not a crime to get one's feelings hurt and be reactionary.  Just be honest about it so you don't appear to have the maturity of a 5 year old.
Lulz
Another noob on the forum who knows little of reality Smiley

Honest question: why are you trolling so much in Avalon's threads? What bad did they made you?

For instance, I usually warn new members about BFL because I'm a customer of theirs who got screwed. But what's the reason for you?

I guess you missed the epic thread.

LMGTFY https://bitcointalk.org/index.php?topic=142083.0

Oh man, I really missed that
3942  Economy / Service Discussion / Re: My Visit To Butterfly Labs Today! on: May 08, 2013, 12:33:02 PM
Man, your effort is appreciated, but did you really need to go there? For what?

We all know they are not shipping anytime soon. Jalapeņos ordered the very first days will arrive at the end of this year, at best. Singles and Minis ordered at the very beginning may arrive next year. Mini rigs won't arrive at all, they will not exist.

This the reality, and a visit to their facilities is not going to change it.

Bru, you and I have figured that out. You have an early pre-order I guess so you're holding on to it, and quite right too. Some of us late-comers didn't know the score and took what BFL said on trust and got burned.

All the OP did was dig up some information that helped him make a decision, and he was good enough to share it with anyone else who's interested in ASICs and is considering BFL. I think if BFL continue to be opaque about their progress they should expect more visits from people like LostDutchman seeking answers.

BTW, I'm not hating on you. Even though I cancelled I do hope you and the other customers who choose to wait it out get your ASICs in time to make some profits; Bitcoin needs multiple viable hardware vendors.

I have to hold on it because I paid in BTC - now my only chance is to hope to mine back those BTC's, as a USD refund would just be a tremendous loss and a slap in my face.

Anyhow, I don't have the Stockholm syndrome. I know I've been f*cked, and that I should never have bought the units with BTC. Anyhow, at the time it felt right to spend BTC in a machine that generates BTC... Fool of me.
3943  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 08, 2013, 12:28:02 PM
Good luck, wish I was in your position!
I don't want to do the demoralizer here, but i think that what you aim for is impossible.
First of all, you should try to maximize your profits. If you don't do so, you will have burnt 10 days of lucky work with a single loss of 30% (that will certanly happen to you, sooner or later).

This.
3944  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 08, 2013, 11:42:30 AM
I bet that the +BTC1,5K at 109.99 will vanish as soon as bears start shooting.

Fake bid walls don't exist.

Not sure if sarcasm or not...

Hope so Cheesy
3945  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 08, 2013, 11:42:07 AM
I bet that the +BTC1,5K at 109.99 will vanish as soon as bears start shooting.

If bears really want out, next REAL support is at $90.



Here the $90ish support:



Not happening. That 1.5 is now about 7.5k+BTC

True. No volume, but fighters taking their positions. There are some big balls bulls in the front lines. I will myself be a little bit more cautious and cover some positions in the rearguard at $104ish, and then I will put huge fire power from $90ish to $70ish.

What I can guarantee is I won't chicken out, my man will stand still where they are Cheesy

Let's the battle begin...
3946  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 08, 2013, 11:29:16 AM
I bet that the +BTC1,5K at 109.99 will vanish as soon as bears start shooting.

If bears really want out, next REAL support is at $90.



Here the $90ish support:

3947  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 08, 2013, 11:10:42 AM
Hourly volume is so incredibly low - I think we never had an hour with such low volume at least in the last 7 days.

Everybody holding their breaths. Tipping point ahead. It looks like bears have strategic advantage, but bulls have way more bullets.

Nice Wink
3948  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 08, 2013, 10:51:22 AM
Nice moment we're about to live. Charts looks bearish, fundamentals bullish - but media hype is fading out, and so does general interest (at least in western world - just check google trends)

Of course these forums look bullish (everybody cheering the crashes, waiting to buy more), but it's bitcointalk.org nevertheless, so let's take that with a grain of salt.

If $100 falls we will have plenty of cheap coins Cheesy
3949  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 08, 2013, 10:25:51 AM
Holding their breaths. Super low volume, and $109.51 bid wall just removed.

It looks like $110 will fall. Get ready for the cheap coins.
3950  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 08, 2013, 09:48:25 AM
Bears seem to be chickening out

Come on guys, let's test $110 again Cheesy
3951  Bitcoin / Hardware / Re: Avalon batch [2] countdown! on: May 08, 2013, 09:11:21 AM

...

Ah yes, I deal with this all the time with my 5 year old.  He begs for the latest toy or junk food, I tell him "no," and he proceeds to lie and say he doesn't want it anyway.  You didn't want an Avalon after you were told you couldn't have one.  It's okay.  It's not a crime to get one's feelings hurt and be reactionary.  Just be honest about it so you don't appear to have the maturity of a 5 year old.
Lulz
Another noob on the forum who knows little of reality Smiley

Honest question: why are you trolling so much in Avalon's threads? What bad did they made you?

For instance, I usually warn new members about BFL because I'm a customer of theirs who got screwed. But what's the reason for you?
3952  Bitcoin / Mining / Re: BFL is shipping on: May 08, 2013, 09:04:29 AM

Delivery depends on when you ordered. Best-case scenario is they start shipping mid-May. They are estimated to have about 20,000 paid non-cancelled orders. If we suppose a mean of 2 pieces per real order, that's 40,000 pieces total. They have publicly claimed their production line can produce 400 pieces per day, 5 days a week, so 2000 pieces per week. Let's take that on "faith" and assume it will take them 20 weeks to clear the backlog. So an order placed today would ship in October at the earliest. But that's the best-case scenario.

People thinking about ordering now need to read this part several times over. They arent even close to manufacturing 400 a week yet, that was purely speculation on their part, not likely an accurate estimate.

How are you so optimist? I don't expect my early orders to show up before 2014. And this is based on past history.
3953  Economy / Service Discussion / Re: My Visit To Butterfly Labs Today! on: May 08, 2013, 09:03:01 AM
Man, your effort is appreciated, but did you really need to go there? For what?

We all know they are not shipping anytime soon. Jalapeņos ordered the very first days will arrive at the end of this year, at best. Singles and Minis ordered at the very beginning may arrive next year. Mini rigs won't arrive at all, they will not exist.

This the reality, and a visit to their facilities is not going to change it.
3954  Bitcoin / Bitcoin Technical Support / Re: Encrypted wallet.dat, lost password, any solutions? on: May 08, 2013, 08:54:37 AM
Yeah, it would be cool to have Mac instructions Wink
3955  Other / Beginners & Help / Re: Strongcoin.com owner stole user money - are my Bitcoins safe online? on: May 08, 2013, 08:47:45 AM
Disgusts me, how can people be so greedy as to steal another persons investment...  Cry

Strongcoin.com admin did the right thing - returning the funds to the legitimate owner, Graet and Ozcoin's miners.

But, the point still persists - how can they boldly claim that NO ONE can access to users funds when this is blatantly not true?
3956  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 08, 2013, 07:15:30 AM
BTW: who uses bots to trade? Smoothie? Rpietila? Anybody?

I do.

Also,

Head and shoulders?

I think we are quite much arriving to a tipping point. Being above $110 is bullish signal IMO, but I think we may retest $100 soon. Don't think it will be broken, I start to think we're arriving at the gates of consolidation at $100 to $130.

Yesterday I increased my position consistently at $108ish, after we tested $110 the second time. It just felt we were going to break it upwards - and if we keep staying above that level at take it as very bullish.

Wouldn't mind a visit to sub $90 for some cheap coins, but that does not feel very realistic ATM. I will just maintain the hope high, you never know in BTC Cheesy
3957  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 08, 2013, 06:58:22 AM
BTW: who uses bots to trade? Smoothie? Rpietila? Anybody?
3958  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 08, 2013, 06:54:04 AM


10btc per hour....what a bargain.

The funny thing is that this actually kind of looks like him.

It's him, I think I saw that pic on his website for the first time. It looks like when he was a silver trader used the same strategy to get attention (= showing off).

Anyhow, I have to say I have contrary feelings about Risto Pietila - when he is not on an ego trip, his analysis and replies entertain me, I like to read them even when I do not agree. But when he starts with the supernode attitude, I'm really tempted to hit the ignore button.

I think all his showing off is just a strategy to get a position in this community - and profit from it. No more, no less. But I also think that his way of describing his super lavish lifestyle living in an hotel, his super trades of just a few hundred coins, will not impress any big timer, and on the contrary will attract only newbs and small timers, and I think he knows it because is intelligent - thus, everything seems a little fake and pompous IMO.

Now, let's go back to the walls: it seems that bears are reloading weapons, but bulls are reaching the higher point in firepower in the last week:


3959  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 08, 2013, 06:16:29 AM
Anyone willing to pay that loser 10BTC/hour will end up broke.

LOL

Based on the guy's track record you can be sure to get bad advice lol.

From what I understand, he's pretty loaded and had some great foresight to get into bitcoin early. You don't get to that point without being a winner imo.


As for the 10BTC/hr, it's subjective and probably worth it to some people because this is a very specialized field so you can't just call up any old financial advisor, and if nothing else, rpietila has the reputation to be trusted not to run off with your money.


This forum needs more love

Man, this is all relative - most of people in here got his money in BTC before the bubble, when price was sub $15 - and we went up to $266, and now we are still at $110... Losing money is impossible, there's a lot of people who is VERY loaded and is not pretending they are some gurus.

Remember that buying the BTC2,5k rpietila says he has, was just a $25k investment a few months ago (he bought at the end of 2012 I think - not so early BTW). Not a very big deal.

And BTW, people like Smoothie or Goat (just to say two members that write in this thread) have a bigger stash and they dont brag about it.

3960  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 08, 2013, 06:03:06 AM
Well, I aim for 3% increase in BTC volume per day, so since I have just bought the BTC at $112.5, it's not worth cutting my losses at $110, as it will take longer to recover them.
Anyway, the downward trend seems to have lost momentum, and is turning back upwards.

I'm trying to make my initial buy-in of 6.2 bitcoins* into enough to quit work - I'm at 16.7 now, after 2.5 weeks, so eventually I will manage it - if only I can purchase and sell at the right time for once.

I'd rather take my time, and tread carefully. I have slipped back too many times this week (I had 22.5 BTC at one point, then held cash due to a badly timed sell, as it shot up on the 3rd while I was asleep. I tried to recover by buying in late, just as it peaked again - I lost about $500 that day) Sad

The thing is, I have very limited resources, and I really don't think it will drop much below $110 again any time soon, so I'd rather not risk it.


* I bought those (literally) 15 minutes before it plunged from $250....

You are really saying you want to quit your job and live on trading 16.7BTC? I don't understand. How much money do you need to live per month? $300?
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