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4101  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 05, 2013, 12:01:56 PM
That's a huge wall at 100. Not sure what impact it can have on the market given we're still $10 away from it. It's not like ask have has been pushing as of lately. I for one can't see how that wall can manipulate anything.

could help one to sell over 100$ when trying to sell a lot ...



It could just be a pump move, so people erroneously believe that the buying pressure is huge. As soon as the same person with the wall at $100 decides to dump his coins once there is enough depth above that point, he can just remove his bid wall and there we go down.

EDIT: that huge wall makes people interested in buying to place their bids above that wall to have a chance to buy something, hence the price goes up
4102  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 05, 2013, 11:45:37 AM
$2M added on the order book + huge lag on a Sunday, this smells fishy indeed Wink
4103  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 05, 2013, 11:36:28 AM
Man, what's with that $2M just added to the order book? IMO that's a huge manipulation attempt, next move on this pump and dump that will probably unfold from Monday to Wednesday.

Check it:

4104  Economy / Speculation / Re: rpietila, willing to put BTC where your mouth is? on: May 05, 2013, 10:16:21 AM
Since he's only 50% sure why not make a 4:1 bet with him. Great odds for him.

I already offered a 2:1 bet on his favor. But him refusing just demonstrated the fact that he is so delusional that he thinks that he will talk the price up saying that he's sure that we will reach $300K per 1 BTC this year. But, obviously, he doesn't even believe the BS he spreads.
4105  Bitcoin / Hardware / Re: [Announcement] Block Erupter USB on: May 05, 2013, 09:18:07 AM
BTW, I will buy 10 if it prices at 1 Bitcoin.
As 2 Bitcoin, at most I can afford 1 USB.

Quoted for those who think ASICMINER is charging too much.   Grin

Of course everyone wants them cheap, but these are the only ASIC devices available right now, and there is a limited number that can be produced. They are going to sell out @ BTC2 as fast as they can ship them. Nothing is free, this isn't a get rich quick scheme for customers.

It isnt for customers, it is for the manufacturer...

I'd prefer to see these mass produced and mass distributed worldwide for $40ish, but I guess that money talks.
4106  Other / Beginners & Help / Re: Your Worst/Unluckiest noob mistake with BTC on: May 04, 2013, 11:46:50 PM
Not buying ASICMINER shares I was offered at 0.3BTC each - I thought x3 IPO price was "a tad too much", what a fool I was Wink
4107  Bitcoin / Bitcoin Discussion / Re: Seeking validation, am I crazy? on: May 04, 2013, 11:21:32 PM
Man, you should also be happy when bitcoin goes down. Cheaper bitcoins for you.
4108  Bitcoin / Hardware / Re: [Announcement] Block Erupter USB on: May 04, 2013, 10:50:03 PM
2BTC for 300MH is still too much, even for the average geek who are not expected to be too deep into mining... 2BTC is 200 bucks for a tiny 300mh unit.

If it was 30 or 40 bucks for 300MH, then that would make more sense, for the casual user and those who want to really get into mining. I don't expect some random kid with a macbookpro to drop 200-300bucks for something like this.

I think there will be buyers even at that price in the very short term, just because of the novelty and the bleeding edge factor.

Anyhow, I still think this things with MASSIVE distribution at $40ish could be HUGE for Bitcoin. It would be spreading pills of monetary freedom, it could be a revolution.

That would be a revolution of sorts... it would be a company giving away money for free.

That would work magic to drive people into bitcoin... Imagine the marketing you could do in the distribution of that tool at that price...
4109  Bitcoin / Hardware / Re: [Announcement] Block Erupter USB on: May 04, 2013, 10:43:04 PM
2BTC for 300MH is still too much, even for the average geek who are not expected to be too deep into mining... 2BTC is 200 bucks for a tiny 300mh unit.

If it was 30 or 40 bucks for 300MH, then that would make more sense, for the casual user and those who want to really get into mining. I don't expect some random kid with a macbookpro to drop 200-300bucks for something like this.

I think there will be buyers even at that price in the very short term, just because of the novelty and the bleeding edge factor.

Anyhow, I still think this things with MASSIVE distribution at $40ish could be HUGE for Bitcoin. It would be spreading pills of monetary freedom, it could be a revolution.
4110  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 04, 2013, 10:34:07 PM
ooooohhhhh god... it's become reptilia observer thread again COME ON

Quote
All this is going to happen in 3 months, I have written it in my diary (link in sig).

It is almost as if nobody actually reads it

it is written



Quote


and this needed a +1

especially because if he is right, and BTC does one day reach $300k... well, this will be up on billboards everywhere

We would be all happy if he is right, but he is not even willing to bet 50BTC of all his supernode fortune of thousands of BTC on his own prediction... So how can't we recognize it as delusional?

this would be posted on billboards to point out how nobody really believed in that, not even the supernode who predicted it  Grin
4111  Economy / Speculation / Re: Some TA for the bears on: May 04, 2013, 10:27:12 PM
2100 BTC apparently. Or in other words 0.01% of all the coins there ever will be. There cannot be more than 10000 members ever and more realistically the number of members will slowly decrease over time from ~300 now to  less than 100.


Man, I think rpietila the supernode is in your club, you need to address that  Wink
4112  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 04, 2013, 10:22:58 PM
I agree that Bitcoin could one day potentially reach $300k per BTC. However why maintain it will be within a year, almost certainly? That is just silly and makes it look like you're trolling.

For some reason you are saying outrageous things to get attention while being smart enough to know that the things you are claiming are silly.

This.  

Rpietila, if you're so sure accept 100 of my BTC against 50 of your BTC. I bet we won't reach $300k per 1 BTC during this year. You bet the opposite.

If you don't accept it's just because you know you are just trolling in a very silly way.
4113  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 04, 2013, 10:19:15 PM
I think your problem is that you realize 100 million new facebook users in 3 months is quick adoption, but refuse to do the math concerning what the same number of users of Bitcoin in the same timeframe irrefutably means to USD/BTC rate.
Facebook users found utility, new BTC adopters aren't adopting for practical utility (because they're is essentially none relative to reality), they're adopting for the gamble of making more in a quick flip.

It is marvellous that almost nobody dares to believe simple math, in the context that it would make them insanely wealthy. It is almost as if the becoming rich part is detrimental to bitcoin adoption...Sad Good that the mobile phone did not make early adopters rich, we would still have fixed lines even today... Roll Eyes

1000 -> 1 million users => 2000x price appreciation
1 million -> 1 billion users => 2000x price appreciation

There's a lot of obstacles before Bitcoin is embraced by enough people to reach $300k per 1 BTC. If you are so sure about your prediction, put your BTC where your mouth is
4114  Economy / Speculation / Re: Some TA for the bears on: May 04, 2013, 10:14:52 PM
This is the start of a journey, not the end...

Indeed.

For those holding more than 1000 BTC I have this to quote:

Quote
"One million is not cool. You know what's cool? One billion!"


Quote
"One million is not cool. You know what's cool? One milliard!"
FTFY
https://www.youtube.com/watch?v=C-52AI_ojyQ

By the way, how much is it to be in the Vladimir club?

1000BTC
4115  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 04, 2013, 10:13:14 PM
but I know that $300k per 1 BTC is delusional

How many people you know, who bought a mobile phone, but went back to fixed line?

How many tried Internet but decided it's not for them?

If something happens in the world, would the news not reach the uttermost ends of the earth in latest 48 hours (if not instantly for most places)?

What keeps 1 billion people from adopting bitcoin? (How can you keep them from not adopting it?)

How many bitcoins are for sale?

To not believe in $300k this year is a denial of the facts. Only a technical flaw in the algorithm or a superstealthfast adoption of a superior altcoin currently not existing, or an all-out wiping away of all mankind can keep USD/BTC from exploding this year. Already everyone who has any position in this world knows about Bitcoin. Just post any nugget of actual facts that can contradict my $300k this year or cease replying to me with nothing material, thank you.

Ok man, accept the bet.
4116  Economy / Speculation / Re: Some TA for the bears on: May 04, 2013, 09:58:19 PM
As soon as you know Vladimir your hands get stronger... And stronger...  Grin
4117  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 04, 2013, 09:42:31 PM
Risto: man up. You are either spreading BS you don't believe in a ridiculous attempt to talk the price up (you know that's not happening, right?) or you really believe that 1BTC will be above $300k by the end of the year.

If its the latter, I make you an offer you cannot refuse: 2:1 odds at your favor that we won't reach $300k per 1 BTC in this year, and we publish this bet so other members can join up to a maximum total amount you choose. Minimum bet 100BTC

I only bet so that I win regardless. If you offer such bad odds, I better just buy bitcoins. Besides betting without actual transfer of bitcoins to me, is pointless hot air, therefore I either buy calls or write puts. I thought you would be happy by either getting 1 bitcoin or 10 million USD... no lose huh Huh

What price range do you believe then??

Man, if we go to $300k per 1 BTC you have won regardless, wouldn't you?

Anyhow, it's clear you don't really believe in the tales you tell. No harsh feelings, just couldn't help myself to point it out.

And I don't pretend to know what it will be price range by the end of the year, but I know that $300k per 1 BTC is delusional, while knowing at the same time that long term BTC will be huge unless something disruptive happens
4118  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 04, 2013, 09:25:28 PM
I think the walls permit bitcoin to rise to $119 in a bold move. Afterwards I go to sleep and not post, and the general bullishness erodes, and the bears push the price back to $106. We will not see 100 ever again.

Damn, I was almost there!  Angry If rontus had been working (fortunately he only works about 50 hours of 168 per week, and generally not on Saturdays, and even of his working time, I only give him authority to sell short about 30% of the time, so this is purely of theoretical interest now) he would certainly have smelled the trend change and managed to sell about BTC430 at an average price of $113.2. Then I would have told him to buy back at $103 (he is better in selling but my buyback levels are more spot on).

The 42,500mBTC profit would have enabled our lifestyle for several days...

Well, from your "category list" it seems we are all supernodes... Cool!

Indeed we are. There are only so many bitcoins in the world, and a lowest class supernode is not a U.S. Administration of 100,000 skilled professionals, but an ordinary bloke who bought in any time before March 2013, and has some spare time, and knowledge of English, maths and history. Of course when we go up the ladder, there will be many rpietilas, and in the higher level Goat, MP and Winklewii.

Read the "supernode OP" for more info and comment where appropriate!

Quote
Anyhow, as I said earlier everything look very fishy - I see two options: a) you are delusional and not-very-smart folk who made some money in the wild Bitcoin ride we had lately (not so difficult, we went x10 in just a few months) and now you are riding your very own ego trip, or b) you are preparing a big scam flooding the community with your "i am so wealthy" thing

Why is it so offensive that I live in a classy hotel? The highest burn rate of $200k per month was last week, now I spend at about $50k per month. If I go home and eat noodles, my expenses still run at about $20-30k minimum, since I have staff. Most of the businessmen do, in the real world. Generally their expenses are much higher than mine. I am actually very stingy, compared to most of my friends.

If you think this is excessive for what I manage to accomplish, how about complaining about how your very own tax money is spent in Afghanistan with far less positive effect? I would say the difference is about 4 orders of magnitude, in other words 10,000 times more money totally wasted!

With a rather conservative price prediction for the following 3 months, I estimate a 100% per month increase, which would mean that per every BTC100, you make about $10k first month. A 3rd class supernode can quit eating noodles and start to live. A 2nd class supernode of BTC1,000 can do what I do, and I just await that the real big guys start to benefit the mankind with their stashes.

This is the reason I spend - to show that even a medium BTC-holder can do this! No reason to hate, rather you live up to your own standard, and I live up to mine. If you have at least BTC1,000 as I assume every 2012 or before has (unless he proves otherwise), you can do the same as I do, with ease. Why should I do all the work?? Every city needs at least one supernode, and I am here to help these becoming reality. It is one of the workshops in the summit.

Besides there is no "flooding of community". I post my theoretical observations to my own thread. Then I post my price predictions here, and every time I do, some April 14th troll speaks negatively of me. Then I correct the misunderstanding. In no way I am here to cause disturbance - the instant the OP

Quote
BTW: what about an escrowed bet, so you can put your money where your mouth is? Willing to bet that we will be at $300k/BTC by the end of the year, as you predicted? I'm sure al lot of users in these forums would be willing to join this bet. It's a nice way of hedging - if we win you give us your money, if you win we are all rich anyway, you included, so why not? Cheesy

How about the following:
- You escrow 100 bitcoins for my 1
- You write a 2013 $100,000 call option to your bitcoins, so that I can buy them from you anytime, by just sending you $10 million U.S. Dollars
- If I do not redeem your bitcoins before 31. December 2013, you get my 1 bitcoin as I lose the bet

This way everybody profits. Even if you lose, you get $10 million, and the rest of your bitcoins are worth even more. If I lose, I only lose 1 bitcoin, and I still have a lot (and they were not that valuable anyway..Sad )

Quote
Wouldn't you mind betting repietila?

My middle initial is A.

Risto: man up. You are either spreading BS you don't believe in a ridiculous attempt to talk the price up (you know that's not happening, right?) or you really believe that 1BTC will be above $300k by the end of the year.

If its the latter, I make you an offer you cannot refuse: 2:1 odds at your favor that we won't reach $300k per 1 BTC in this year, and we publish this bet so other members can join up to a maximum total amount you choose. Minimum bet 100BTC
4119  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 04, 2013, 03:25:44 PM
Ask sum creeping up again

4120  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 04, 2013, 03:09:19 PM
We will reach $125 before the dump? Speculate
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