By the way, this money is going to get taken one way or another, even if I have to start leaking bits of the password to speed up the process.
Tell me the first 4 bits and I'll get it in no time.  That means if I don't tell you the first 4 bits, you'll get it in 16 * (no time). But if you know some way where just 4 bits would give you more than a 16x advantage, please share! No time≠0, it would be the time it takes to manually guess the password. |
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There have been some very promising developments and news articles and what I like the most, the overall quality and tone of news articles has been improving significantly. People are getting more interested and people who dismissed it before are taking a second look. Bitcoin adoption has had a lot of rejection for many reasons but that is changing. Personally I feel we're getting close to an explosion that will surpass June 2011. That seemed far-fetched to me some time ago but right now I actually believe it's possible.
What we're seeing now is somewhat similar to the period of stability in early 2012. We were around the $5 area for a long time. Now we've been between $8 and $15 for a long time and recently between $10 and $12 specifically. Within a few months I believe we could be seeing a massive breakout. Of course I could be dead wrong but this is just my honest feeling at the moment.
You're not alone in your thinking  |
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By the way, this money is going to get taken one way or another, even if I have to start leaking bits of the password to speed up the process.
Tell me the first 4 bits and I'll get it in no time. |
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your whois is private.
what are you hiding?
^^ Well you guys are sure off to a rough start lol |
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Just the usual weekend slump?
1% rise fallowed by a 1% drop, I call that stable. Wasn't arguing against it being stable, just pondering if this 1% drop would have happened if it were not Saturday. |
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I'll throw in my 2 cents.
I think a good model of the bitcoin price is like a ticking bomb. Any day, we might hear that Reddit will accept bitcoins, or some other big business that BitPay is quietly working out a deal with. Or similarly that some very wealthy investor decides to take a chance and buy $500,000 USD of bitcoin.
I for one, would like to see more indicators that track various aspects of the "network effect" (not saying there aren't any right now).
I agree with you completely. Most of us know bitcoins are going to be worth more than $12.50 in the future, we just don't know when or if they will drop down to $5 again beforehand. Very much a ticking time bomb. |
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Just the usual weekend slump?
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Ok, sounds good. Some thought how possibly get more traffic to your site:
1. Tweet account with alarms some time before next game starts (maybe worthless, if you have regular times)
2. Some http code to be shared so others could include your game to their site.
When I think the psycology behind my own participance on the game, I think the initial prize could be smaller. With 0.1 initial bid, I hesitated participating to the game. When someone bidded 0.2, I ended up stopping, because I was afraid I could lose much.
With 0.001 or 0.01 bids, I could play that just for fun. Now the cost is a bit too big (~1€). Also with lower initial bid, the users who has only free BTC they have collected by watching youtube videos, could also play.
I think in the end it would not drop the income; when there are enought players, the bid will rise just as high as the players have guts to rise it.
One possibility to test good initial bid is just try several amounts. First game 0.1, next 0.01 etc?
Of course, these are just one player's thoughts..
Agreed |
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so walls are unreliable
No, walls are not unreliable. Euro walls are just much further apart, as can be seen on mtgoxlive because Mt.Gox charges a hefty percentage for currency conversion. okay they deal mainly USD everything else has to convert to USD before trade? Not everything, you can have a sell order of 1BTC for 10EUR, and someone could buy that 1BTC for 10EUR without ever converting to USD. Its just when there isn't enough market depth in the other currency, they start buying/selling into USD orders. |
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Guys, you finally found me on MTG/EUR. EUR/USD has it's own rally for quote some time now: )
Anyways, there was some nice argumentation going on on the last 6 pages. Great threat, no need to post a lol cat now. The smaler numbers when trading EUR or GBP also mean smaler fees / bigger spread/ less risk. Now we only need to break this wall at 9.73€ to make it rain. But in general MTG/EUR is less volatile.
Hang on, isnt there the same spread, fees and liquidity with all currencies on MtGox, because they are all pooled together? then the jumps are people accidentally paying too much for bitcoin, miscalculated their conversion ratio? Where do these walls come from on the EUR market? Wild guess: Its MtGox placing the walls themselves to add lucidity to their EUR market When a wall is taken down on the EUR market, MtGox buys the coins off the USD market They place the walls on EUR market high enough for them to be able to do this without losing money This is all done automatically. could it be? This is what happens, its been confirmed before. Its all automatic. |
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say i deposit 500BTC to my mtgox account.
i then, next day, withdraw 500BTC to another adress via the "green adress" feature.
other than directly looking into my mtgox history, there will be no connections between both transactions, is that correct?
Yeah, I do this when moving coins to cold storage. |
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Maybe we will have a little bad weather. Not expecting much else.
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for me
-1
not verifiable
There have been multiple games where there was only 1 player (2 of them were me), so in the past he hasn't cheated. |
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BAM!  Edit: Aaaand its gone? |
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