According to the mtgox walls, 23 Million USD takes us to a BTC valuation over $1000. Not a lot of money in the whole scheme of things.
You should know that means nothing. FACT: according to the order book, someone willing to cash out just 18 Million USD takes us to a BTC valuation in the low single digits. Not a lot of money in the whole scheme of things. Imagine satoshi decides to cash out the 1M BTC he has, because is time for him to retire. Yes, you know what would happen: BTC would suddenly go to 0. And that will happen, sooner or later, because nobody can wait to be rich forever. Just pray that the market depth will be 10,000 times bigger than now, so we just go to low double digits when he decides to sell, and not straight to 0. If he is smart enough to invent bitcoins, he is smart enough to sell responsibly. I believe. Well, I would be more confortable if he would have moved some coins, gradually. He never moved A SINGLE COIN according to the blockchain. Not even at the peak of 2011 bubble, not even at $200 BTC/USD. Frankly, people sees this as "this guy really believes in BTC potential!", but sometimes that just makes me doubt of his sanity. If he never moved a single coin in all his life, he is very well capable of dumping them suddenly. That's how I see it, and many times I think that he will destroy what he created in that way. And remember that nobody can wait forever to be filthy rich. Hope it's just a nightmare tough |
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According to the mtgox walls, 23 Million USD takes us to a BTC valuation over $1000. Not a lot of money in the whole scheme of things.
You should know that means nothing. FACT: according to the order book, someone willing to cash out just 18 Million USD takes us to a BTC valuation in the low single digits. Not a lot of money in the whole scheme of things. Imagine satoshi decides to cash out the 1M BTC he has, because is time for him to retire. Yes, you know what would happen: BTC would suddenly go to 0. And that will happen, sooner or later, because nobody can wait to be rich forever. Just pray that the market depth will be 10,000 times bigger than now, so we just go to low double digits when he decides to sell, and not straight to 0. |
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we're going to fly right past 'normal' and overcorrect back into misery again. we've probably already departed from sustainable prices, at this rate.
Exactly. Press releases, hoarding, and, Mt Gox (who IMO does everything they can to 'cool down' any natural sell-off then blames it on dark forces because Bitcoin apparently never goes down unless there is a nefarious scheme), will produce bubble after bubble until people finally lose interest. There is no normal. If any of you really love Bitcoin, you don't want it to go up like this day after day...... |
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Then where I can get a miner earlier than July?
Get a GPU or buy an Avalon #1 at aprox. $50,000 |
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I've turned from short term bear to short term bull, the constant price gains set a mood of regaining confidence, generating buying spree and hysteria to hop in the bandwagon until the next bubble burst. $200  here we come! "Return to normal"  |
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its the smart ones, knowing what suckers rally looks like, and dumping thier coins, nothing new here
Now be bold and tell us what do you think: will the suckers rally go up to $200 or it will burst now? |
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~BTC4k dump
it will go up again... and if this guy sees price goes up.. he might wanne buy in again or at least some part of it.. 160+ seems possible.. then again.. this is bitcoin!  got a stop order way below just in case but i have faith in our us friends for now. And this... How do you place stop loss order at Gox? It's crazy you cannot do it, anybody investing serious money needs that kind of tools. cavirtex has that. Yeah, but came on... Who is Cavirtex? Would you wire them a couple millions? |
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You cannot do what you wish to do.
If the application is closed source, it will not be trusted. That's the bottom line.
Publish your source or live with it.
THIS |
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~BTC4k dump
it will go up again... and if this guy sees price goes up.. he might wanne buy in again or at least some part of it.. 160+ seems possible.. then again.. this is bitcoin! got a stop order way below just in case but i have faith in our us friends for now. And this... How do you place stop loss order at Gox? It's crazy you cannot do it, anybody investing serious money needs that kind of tools. |
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Now let's see how the bubble burst has scared new investors, or convinced them that is a good point to "hop onto the train before it leaves the station" I was talking with my manager today about Bitcoin. This is a man that trades commodity futures at 75-100x leverage. And he thinks I'm insane. Only the most extremely high risk pools will be investing here yet, IMO. I agree. We need serious infrastucture for serious money to jump into BTCJust a very few people has the balls to pump millions of $ to a Japanese company with a Polish bank account to buy a virtual currency that is traded in a very illiquid market. And I would bet that no corporation/hedge fund, etc. has the balls to do that ATM. |
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Crash was exactly two weeks ago, a Wednesday just like today.
Would love to see a huge crash to $40ish, what an incredible buying opportunity it would be!
I think we need a serious problem at MtGox for that, like going offline with no notice for +24 hours.
Stop trying to hit me and hit me! don't want to hit you, I love you because we NEED you but we also need weak hands for us the stronger hands to get cheap coins at $40ish |
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Crash was exactly two weeks ago, a Wednesday just like today.
Would love to see a huge crash to $40ish, what an incredible buying opportunity it would be!
I think we need a serious problem at MtGox for that, like going offline with no notice for +24 hours.
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- we already had a first sell off at around $27
- we already had A LOT of media attention. Almost everybody know about BTC at this point.
- we already had A LOT of enthusiasm, greed, delusion and "new paradigm" screamed all over
- the bulls are now saying "return to normal, heading to the ATH"
We haven't seen the full effects of such widespread media attention yet, I don't believe. Buying into BTC isn't as simple as calling your broker for first timers. We've always got enthusiasm and greed. The key to this for me was that I sold out at $60, waiting for the second dip to continue much lower to buy. It never came and I bought back in at $120 ouch; it was a single-dip selloff in the scheme of things. The price now is moving almost as fast as it was on the runup to $260; all that new money is starting to take its position and everyone's afraid of being left out. Of course it's a short term bubble. It may or may not lead to an actual new paradigm, with the market so much in its infancy; some of that money must plan to stay; either way I'm (again) not bothering to swing trade for fear of being left behind. Buy and Hold up in this bitch. In bold something that is very true. Now let's see how the bubble burst has scared new investors, or convinced them that is a good point to "hop onto the train before it leaves the station" Anyway, I'm sure this is going to be a bumpy ride. |
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Since everybody is so fond of this picture on downturns.  Well, we could be there or in the bull trap. To support that statement: - we already had a first sell off at around $27 (or/and during the first 2011 bubble)
- we already had A LOT of media attention. Almost everybody know about BTC at this point.
- we already had A LOT of enthusiasm, greed, delusion and "new paradigm" screamed all over
- the bulls are now saying "return to normal, heading to the ATH"
And then: - "smart money" come in at $5ish or earlier.
- "awareness" phase has passed (everybody knows about BTC now, we made headlines in ALL the main world newspapers - didn't you notice?)
- we really had a "mania phase", don't you think so?
[/list] |
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if someone has my wallet.dat file(it is encrypted and with password) is there something that this person can do with it ?
If the password is strong enough, the answer is no. If the password is weak, the answer is YES. |
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It's incredible to see how people is bidding hard to buy a late preorder (January 2013). This is insanity. The one left holding the Jalapeno preorder will be screwed. Not really since they're only shipping Jalapenoes right now so the January 2013 order might actually arrive sooner then expected. The bigger units are all being re-designed and hence delayed. Come on, that order will arrive very late this year, and it won't get a ROI even at the original price. I'm amazed about how people can be optimistic with a company that fucked over for 8+ months. |
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true, noones done beanie babies before, or dot com stocks when it came out, bubble mentality ' noones done this so its going to work', nthis is very entertaining for me, not a question if its going to burst, jsut when
I know what you're thinking, 'cause right now I'm thinking the same thing. Actually, I've been thinking it ever since I got here: Why oh why didn't I mine more Bitcoins? Nkspace is a noob. He is thinking "why I did not buy BTC in 2010?" |
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Jalaps seem to mature, but it seems there are issues with the other 2 SC ASIC miners.
Actually with 3 - 25G, 50G and 1.5 TH. I still wonder how minirig will look like Wake up, minirig won't exist for a long time, at least for this generation of ASIC. If you want 1.5 TH you will need a mining farm, not a single machine that can be used on a residential installation. Too much electricity. |
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bids dropping - asks dropping faster could so. explain what this means? My opinion: We either have a correction NOW to $130ish, or we break $160 and then ATH is very close |
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