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4021  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][AUR] Auroracoin - a cryptocurrency for Iceland on: February 18, 2014, 08:02:00 AM
for those interested here are some usage stats of http://blockexplorer.auroracoin.eu



Most relevant is probably the visit count (yellow).

Ignore 2/18, of course, that's still growing
4022  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][AUR] Auroracoin - a cryptocurrency for Iceland on: February 18, 2014, 07:53:27 AM
What do people think about it now being on Crypto Rush?

To be honest I aint that happy, feels alittle premature if im honest  Huh

Personally I do not have any experience with Crypto Rush. Just signed up with them and going to have a look at it. For now, it looks a bit immature to me though.
On the other hand it is a start to get an idea for a first valuation of AUR. One just can't really rely to much on just this one (small) exchange. I'd rather see some of the big ones (like Cryptsy) get in on it.

Incidentally the price that has crystallized is pretty close to what people were trading at through the forums before.
4023  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][AUR] Auroracoin - a cryptocurrency for Iceland on: February 18, 2014, 07:52:34 AM
For the Airdrop to be a success, the coin has to have a price so that people see the upside in claiming it. So it is good to see the coin traded.

I agree it's not premature. The coin needs a price. In fact I think it would be great if we had more than one exchange.

Unfortunately we will not be able to reach satisfying levels of liquidity before the airdrop, because there are just comparativle few coins until then.

I'm really looking forward to the airdrop. It's so exciting.

Honestly don't know what will happen: some Icelanders will sell, some will hoard, some will buy, some will use the coin in the local/global economy for buying/selling stuff. The ratios between these largely decides the price and the success of the coin.
4024  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Auroracoin BUY/SELL thread on: February 18, 2014, 07:32:28 AM
now that we have a market price on cryptorush.in (around 0.0037 BTC/AUR currently), let me offer to anyone wanting to sell large quantities (250 to 2000 AUR) that I still honor my earlier offer as long as cryptorus.in price remains largely above that:

in other words: I'm buying at 0.003 BTC/AUR.

That way you don't crash the market if you want to sell a bunch Wink
4025  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 16, 2014, 11:31:18 PM
That' why everybody should come here only full of beer.
Besides , if you watch this thread and trade based on what is written here , you're way better trading while drunk.

I'm at it.

went long on leverage (don't usually have fiat, sold some BTC 1 hour ago to be able to borrow more)
4026  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Auroracoin BUY/SELL thread on: February 16, 2014, 10:00:57 PM
this coin is going smooth. Waiting for airdrop.

urm. smooth?

My view is we need a couple of things before the airdrop can be a success.

Just waiting aint gonna cut it, I fear.


if you have no faith, then why are you buying?

Because I'm not just waiting.

need to give better price though :p

300 per BTC is best I'm willing to offer

4027  Economy / Speculation / Re: Who is the dumper on mtgox ? on: February 16, 2014, 09:59:18 PM
HELP!

what can we do for you?
4028  Economy / Speculation / Re: Alt dilution / market share. on: February 16, 2014, 09:57:11 PM
We must have in the order of 1000 alts now.

even at say 10 thousand each thats 10 million.

Whats increasing faster market cap of alts or BTC?

It seems that one outcome of this is there will be millions if not billions of alts. Everything with a processor runs its own alt.

whats the endgame of this?



when everyone has his own money, it's not money.

the endgame is one money.
4029  Economy / Speculation / Re: (Poll) Will BTC break 266 on MtGox ? on: February 16, 2014, 09:55:39 PM
Someone (multiple people) need to tell xe.com about this - They are still just using Gox rates and telling the world that a bitcoin is $255.

I'm sending one now.


well, it's the worlds favorite currency site. What do you expect?
4030  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 16, 2014, 09:54:17 PM
Next difficulty:
Estimated Next Difficulty:   3,130,529,329 (+19.42%)
Adjust time:   After 22 Blocks, About 2.9 hours

Price will need to go up, else mining is dead also with ASICS...

Buying mining gear will be dead , not mining.
The cost of running your already both mining gear is not that high to turn them off.

2011 all over again.

buy, guys. buy. I'm telling you.

4031  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Auroracoin BUY/SELL thread on: February 16, 2014, 09:44:40 PM
this coin is going smooth. Waiting for airdrop.

urm. smooth?

My view is we need a couple of things before the airdrop can be a success.

Just waiting aint gonna cut it, I fear.


if you have no faith, then why are you buying?

Because I'm not just waiting.
4032  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 16, 2014, 08:05:01 PM
Don't be fooled! They're just trying to get access to your coins!
4033  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Auroracoin BUY/SELL thread on: February 16, 2014, 07:45:32 PM
this coin is going smooth. Waiting for airdrop.

urm. smooth?

My view is we need a couple of things before the airdrop can be a success.

Just waiting aint gonna cut it, I fear.
4034  Economy / Speculation / Re: Reggie Middleton uses car analogy to explain that Bitcoin is not a bubble on: February 16, 2014, 07:42:07 PM
You have a few misconceptions here.
[...]
I hope I have addressed all of your questions.

you have, thanks for clearing up misconceptions.

However it seems it generated more question marks on my side...

This is not a betting network, this is a set of (continuously growing) derivative applications.

How do these work technically? You say it's not a coin but runs on the bitcoin blockchain. The blockchain can act on bitcoins, nothing else. How is tying contracts to the real world of USD/real estate/whatever solved?

I'm self educated - on bitcoin as I am in finance, investment and technology in general. All three topics have plethora of info available, no?

I draw my hat.

I'm the only one to have a fully functional contracts based derivative product and p2p trading app up and running.

What do you mean by you having an "app up and running"? I may have missed something, but I can't find it. Where can I use/see it?

Please don't get me wrong. I might come across as opposing your idea or downplaying the status of your implementaiton in some way. That's not my intention. I just want to get a clearer picture.

Thanks for your patience.

4035  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Auroracoin BUY/SELL thread on: February 16, 2014, 07:28:15 PM
we need a friggin' market

what exchange could we pester?
4036  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Auroracoin BUY/SELL thread on: February 16, 2014, 07:26:00 PM
buying 333 AUR for 1 BTC
4037  Local / Trading und Spekulation / Re: Konkrete Frage: Wer hat schon Erfahrung mit Spekulationsgewinnen und der Steuer? on: February 16, 2014, 07:03:57 PM
Kenn mich damit nicht aus und wäre für kurze hilfe dankbar: Ich gebe meine gekauften btc in der Anlage SO unter andere Wirtschaftsgüter mit kaufdatum an; verkauft wurde 2013 nichts, aber angeben sollte ich es trotzdem, oder?

Der Gewinn/Verlust den du dort angeben sollst entsteht beim Verkauf von BTC nach der Formel:

<Verkaufpreis> minus <Anschaffungspreis> minus <Nebenkosten (fees)>
 
Achtung hier mögliche Begriffsverwirrung: "Preis" ist hier nicht Preis pro BTC, sondern Preis (Wert) der ganzen Ladung die du veräußerst. Man könnte also für trader leichter verständlich sagen:

(<Verkaufpreis> minus <Anschaffungspreis>) * Volumen

EDIT: du musst also nix angeben, da du nix verkauft hast
4038  Economy / Speculation / Re: Who is the dumper on mtgox ? on: February 16, 2014, 06:20:47 PM

The question now is: when to go long?

  • when gox re-enables withdrawals (or preferrably shortly before that)
  • when resulting arbitrage has played out and pulled other markets down
  • now

Tomorrow morning, 9 am.  Cheesy

Information incomplete. Timezone missing.
4039  Economy / Speculation / Re: Who is the dumper on mtgox ? on: February 16, 2014, 06:20:16 PM
Everyone who had fiat on Gox and was tempted to buy bitcoins has already bought them.

Are euro/dollar deposits not working then?  At $250, am I the only one who thinks this is a good bet?

Im not exactly a fan of Gox, but I honestly cant imagine them being bankrupt or even insolvent.

I'm torn here myself. Left gox April or so last year. Greed is getting the best of me, though and I'm close to wiring EUR.

The market tells us it's a bad bet, though. Risk is extreme in any case.

4040  Economy / Speculation / Re: Who is the dumper on mtgox ? on: February 16, 2014, 06:16:32 PM
My guess is that people with BTC on Mt. Gox now believe that they are more likely to be able to withdraw dollars than BTC. I think that the belief is that some amount of BTC is missing and the dollars can be audited and recovered if Mt. Gox closes, and the BTC can't. I don't know if any of that is true. It is just an educated guess.

Exactly this  ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

My guess is a combination of what odolvlobo described and perhaps another attempt at a June 2011 style hackcrash.  But, who knows at this point.  The nice thing, for those without anything on MtGox (sorry guys), is that MtGox is trading in GoxUSD and GoxBTC, and those are just different things than USD and BTC.

While this is true from a rational perspective, gox is still pulling the other markets because (yet again rational) players anticipate the induced "irrational" selling.

The question now is: when to go long?

  • when gox re-enables withdrawals (or preferrably shortly before that)
  • when resulting arbitrage has played out and pulled other markets down
  • now
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