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Montreal Canadiens 6 @ 5 Minnesota Wild
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Source code?
I don't think source code or wallets are released yet,can't find any info about this in first ann post |
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Fiat is pouring out from Gox's order book. Bears are better equipped for the next assault to $125.
It's crucial for the bulls to win that battle. If they win it for the second time the battlefield will be full of bear corpses, and they won't dare to try to take that spot again.
If they make it fall... Well, we will see much cheaper coins (below $120), and a mid term downtrend would be expected. I disagree, $125 is not important, $120 has much stronger support and is the real line bulls have to defend. And even if it breaks I don't expect a mid term downtrend to form, just a retreat to former stable values in the 105-120 range. Have to defend? Or just let it fall through $120 and get cheaper coins? No one should be propping up the price because they consider themself a bull. If we start sliding down to $120, pull your bids. Buy at $100-$115. You now have more coins and in a week no one remembers that we lost "$120 support". The bulls vs bears is a cute storyline we use to pass time. There's only one thing that matters and that's making money. When BTC is sliding, pull your bids. It's okay, you won't cause irrevocable damage to the market/exchange/bitcoin. Wait for it to bottom out and buy back in. We've lost a "support level/line" at every dollar from $1 to $200. Do you remember when we lost $150? Do you remember when we lost $90? Do you remember when we lost $2? Of course not, it doesn't matter (I do however remember losing $2 - lol). People will say that by doing that, you increase volitilty, hurting the percption of BTC and costing yourself money in the long run. On the other hand by making "$120 support" a big deal, it becomes a big deal if it goes below. Suddenly that MEANS something. Falling to $118 instead of stopping at $120 won't forever haunt Bitcoin. The "major battle at $120" will be forgotten as soon as someone posts a funny gif. Bitcoin isn't fragile. Investors psyche? Maybe. But that's why we should stop with the overdramatization of fairly minor market swings. Instead of being at $133 we're at $128 because someone dumped a bunch of BTC in a short span. I missed the part where I should suddenly reexamine the fundamental value of Bitcoins. I missed the part where the future of Bitcoin is going to be decided today on MtGox. It's suddenly do or die? Buy Bitcoins at the lowest price you can get. Don't support a price point. There is no war. It's a very normal market, doing what markets do, any panic tied to $125 or $120 is something you're creating yourself, it's not real. |
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No :-) only 1,3k was bought from this 6,9k wall then wall was removed
Odalv seems to be correct again.  (updated, had a few missing) | 125.999950000000 | 500.000000000000 | 2013.05.27.15:58:58 | | 125.999950000000 | 365.822991430000 | 2013.05.27.15:59:05 | | 125.999950000000 | 100.000000000000 | 2013.05.27.15:59:06 | | 125.999950000000 | 100.000000000000 | 2013.05.27.15:59:08 | | 125.999950000000 | 100.000000000000 | 2013.05.27.15:59:13 | | 125.999950000000 | 133.000000000000 | 2013.05.27.15:59:18 | | 125.999950000000 | 79.365100000000 | 2013.05.27.15:59:22 | | 125.999950000000 | 100.000000000000 | 2013.05.27.15:59:23 | | 125.999950000000 | 535.407044600000 | 2013.05.27.15:59:25 | | 125.999950000000 | 200.000000000000 | 2013.05.27.15:59:43 | | 125.999950000000 | 83.726687930000 | 2013.05.27.15:59:43 | | 125.999950000000 | 51.258300100000 | 2013.05.27.15:59:46 | | 125.999950000000 | 668.581217370000 | 2013.05.27.15:59:47 | | 125.999950000000 | 54.315887030000 | 2013.05.27.15:59:54 | | 125.999950000000 | 100.000000000000 | 2013.05.27.15:59:57 | | 125.999950000000 | 100.000000000000 | 2013.05.27.15:59:58 | | 125.999950000000 | 60.000000000000 | 2013.05.27.15:59:58 | | 125.999950000000 | 196.483222650000 | 2013.05.27.16:00:03 | | 125.999950000000 | 72.595200000000 | 2013.05.27.16:00:07 | | 125.999950000000 | 50.000000000000 | 2013.05.27.16:00:11 | | 125.999950000000 | 100.000000000000 | 2013.05.27.16:00:12 | | 125.999950000000 | 191.721566790000 | 2013.05.27.16:00:17 | | 125.999950000000 | 95.000000000000 | 2013.05.27.16:00:17 | | 125.999950000000 | 167.648561440000 | 2013.05.27.16:00:19 | | 125.999950000000 | 65.000000000000 | 2013.05.27.16:00:19 | | 125.999950000000 | 100.000000000000 | 2013.05.27.16:00:21 |
(cut out trades under 50) |
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Fuck it, I'm holding.
Unless there are a few more kamikaze coin dumpers lurking, we should be headed back up once this settles down. Good time to get a few cheap coins.  |
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To put things into perspective, I personally don't expect the rally that started 4 days ago to be over yet, but I'm wondering if the recent drop in buying pressure (see my CMF post above) could correspond to a short-term dip, perhaps testing 125 again. If nothing else, that would give us the chance to increase our btc stashes  I'm not sure if it was the CMF or just one crazy bastard, but that was a great call on your part.
I missed the change to post this while the ask wall was tearing up the exchange, better late then never? It's getting a little bumpy!! |
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To put things into perspective, I personally don't expect the rally that started 4 days ago to be over yet, but I'm wondering if the recent drop in buying pressure (see my CMF post above) could correspond to a short-term dip, perhaps testing 125 again. If nothing else, that would give us the chance to increase our btc stashes Good call.  |
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[...]
And we had 3 weeks of sideways action. Now suddenly we've had 24 hours bouncing between $133-$135 and we're about to have a big dip? No buying pressure for the last half of May didn't really seem to hurt things that much.
To put things into perspective, I personally don't expect the rally that started 4 days ago to be over yet, but I'm wondering if the recent drop in buying pressure (see my CMF post above) could correspond to a short-term dip, perhaps testing 125 again. If nothing else, that would give us the chance to increase our btc stashes Part of the massive drop was the massive spike. Like you said if it stays negative, perhaps into Tuesday, I'd also expect a short term drop. But it's also a holiday weekend and we have LR users coming so it really depends on how Tuesday starts off for me. |
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It's not equal but it's definitely related. Having fiat sitting idle on an exchange is pointless.
About CMF: buying pressure is non-existant at Gox ATM, this is a fact. I'm definitely expecting a considerable dip, rather sooner than later, before approaching $166.43
Fiat idle on MtGox? There's probably more fiat idle then on the orderbook. I'd actually be shocked if most people have 100% of their fiat locked in with bids. It's a pain to move fiat off and on the exchanges. 4.5M off the orderbook doesn't really seem like a big deal to me. MtGox is losing some market share, other then that, are we suppose to panic buy or sell? And we had 3 weeks of sideways action. Now suddenly we've had 24 hours bouncing between $133-$135 and we're about to have a big dip? No buying pressure for the last half of May didn't really seem to hurt things that much. |
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thats what I thought a bunch of pretenders.
Bitcoins aren't real dude. It's just play money. No one actually spends real money on these things. You must be new around here. |
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Oh it seems you are their new scapegoat coinseeker. I'm glad I got rid of that role actually,
After the 5th time you said "looks like a dead cat bounce" people just sorta moved on. |
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If there is a Bitcoin town, I vote adamstgBit as Mayor. Who's with me? |
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letīs say i have 1000 bitcoins and from investors that donīt want to bother with exchanges for 12 months. to keep them safe from theft, they should be stored offline. but if i want to keep a "sell" order about 20% below the current price to minimize the loss in case of crash, those coins need to be at the exchange.
which is the more rational choice ?
This is a decent place to start. https://en.bitcoin.it/wiki/How_to_set_up_a_secure_offline_savings_wallet |
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LibertyReserve going out of business is part of it also. These LR users have to go somewhere. Bitcoin is the best option.
People might be pricing that into the market. But if you lost money at LR, you probably have cash flow problems, probably not going to be buying BTC this second, more likely to be selling any BTC you have. Now if you have money you'd usually send to LR but now are going to send it to Gox, that won't happen for a few days. I don't think any of this rally is directly from people affected by LR, but I do agree we will be seeing more money flowing through BTC in the next few weeks/months because of it. To me, this rally seems like "3 weeks of stability - okay this BTC shit might actually be legit - lets buy some coins". Mixed in with a whole bunch of Bears who waited for cheap coins, couldn't get them, have accepted the fact they need to pay more to buy back in, and have bought back in. So to me, it's bump from weeks of stability and Bears who got left behind (and maybe the 10s of millions of new VC money we got in May). EDIT: On a side note, has anyone else ever seen a stretch this long where there are almost no fake ask walls? No walls popping up on the edge, no big walls getting pulled right before the bulls arrive, the last 3 weeks pretty much every big wall has been eaten. I can't even remember the last time I saw an ask wall trying to cock block a rally. Checking the old wall thread, you can't go a single page without someone mentioning a fake wall moving around. This thread? Maybe every 10 pages it gets a mention. |
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887 buy wall at 131.82
1,115 BTC now. Plus 600 BTC purchased. Should be heading up a little. |
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Goal Met,
Please understand that if i did not get to respond to your e-mails calls, etc, i'm sorry. But we have met our goal. A member who is in the initial first release batch is actually flying up here to see everything, the cards, the printing facility, talk with my team.
So please no more mails asking to get in on the first batch, that offer is satisfied and fulfilled.
Just because a single Avalon chip has a hash rate of 282mh/s you have to take in other factors as well. The complexity and efficiency of the board design, access gate controllers, custom chips that have been designed to make this baby fly, Also the Efficiency of the programming also plays a factor. Also being able to hard code the mining program into a read only chip on the device helps out a lot. Since your not going through USB and having to run a program to tell a usb controller to send data to usb device A then USB device A send data back = very inefficient. A PCI-E Device is much more efficient then a stand alone USB UNIT any day of the week.
Our chip set designers are currently working on developing a new ASIC chip. The Intensive Design will not start until after the first couple of batch orders of this version have been fulfilled. But they have already started prototyping.
Were here to be the industry standard, and set the goals for other companies to try and match. Many many Good products will come out after the forst 1000 or so boards are sold.
Thanks to all who have participated, be on the lookout for e-mails coming from our listserv for important updates and announcements!
Sweet jesus, you are retarded. Each time you post, you reduce your chances of scamming someone. Go make a site, use google ad words, stop posting. Scam people the old fashion way. This new way, you're really bad at. |
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I've been anticipating sub $20 for weeks. So, not me.  I didn't have quite that pessimistic an outlook, but like I said, I didn't see this coming either. and to be honest. I'm a bit surprised about the "well duh, it was obvious" attitude of the other posters. I'm following the wall thread pretty closely, and at least in there, there was nothing like a consensus that we're about to not only break 125. but 130 as well, in one swift motion. "One swift motion" is relative. $123 to $125 was two days. $125 to $130 was two more days. Those kind of movements used to happen in 2 hours, not 2 days. In terms of saw it coming, I meant like 6-12 hours before it happened. Bid walls increasing, getting closer to the edge, more depth. As that happened the asks started to fall off (a lot at $130). It was a pretty slow moving rally. Sideways action is usually a bullish sign. In terms of did you see this coming 1-2-3 weeks ago, no one knows that kind of stuff for sure. You can't predict the DHS stuff. You can't predict getting Goxed. You can't predict Liberty Reserve getting nuked or China cracking down on BTC. We've had a lot of good news, millions of VC money (that never existed in 2011), some conference hype. This is a long slow slide up. Go Bitcoins! |
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Bitcoin is too risky/volatile to be used as a safe store of value, unless you have the luck to purchase at the very start of each bubble and not plan to cash out in one year minimum, if ever.
No way anyone is gonna spend 1,000,000$ in bitcoins as a store of value for example, if at the next moment all the bears are going to dump their coins for the only purpose of repurchase cheaper, making the inversor lossing 15% of his inversion.
Plenty of people have $1M+ in Bitcoins. Storage or investment is up for debate. Speaking of 15% loses, gold is down 17% YTD. If you stored $1M in Bitcoin Jan 1st 2013, well done it's now worth $10M. Crash to $25? Still worth $2M. Your $1M in gold is now worth 830k. While clearly there is less risk in gold, there's risk in everything. It's certainly not crazy to think of Bitcoin as a way to store value. Like I said in my post, it will take time for it to become a great storage option. But I stand by my point that it certainly can become an amazing container for value. |
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It has been discussed before, but I think it is still a big problem. Most of the world's currencies allow you to buy something with 1.0 units or above. For example, in the US we have these 99 cent stores. Kind of a joke, because most things in there are prices above $1.00 and after taxes are certainly above $1.00. You would be hard pressed to find something to buy elsewhere that is under $1.00 as well. People like big, round numbers. I'm assuming for most countries in the world it is the same, where most things purchased are typically over 1.00 units of the local currency.
Bitcoin is currently valued so high that many things are easily worth less than 1.00 BTC. In fact, you might be able to go shopping around town and never pay for something over 1.00 BTC. Now, if the value rises up to $1,000 USD or higher, many things that you can purchase will be worth fractions of a Bitcoin. Imagine paying for everyday items and it seems like you never pay more than 0.00321 BTC for example. Wouldn't that screw with people's head?
You might say we could just price everything in mBTC. Or you could do what was talked about a long time ago in the Bitcoin community and move the decimal place. I remember discussions where we were saying we could take a majority vote and move the decimal place (in the client code code) if necessary, just to make things look neater to the average joe. What do you guys think??
That's a problem for people who are used to BTC being worth less. For new people, .1 BTC being worth $13 seems normal. The problem isn't with mass adoption, it's with the existing community adjusting to Bitcoin being up 1000% so far in 2013. It's not weird to new people at all, it's all they know. |
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Quantum Computers are to Bitcoins as Asteroid mining is to Gold.
The former already exists.
and difficulty increase does not work for Quantum Computers? Bingo. They are either useless for hashing or just put out the right nonce for any single hash. Banks face the same issues with quantum computing. Shit every "secure" SSL site on the internet. In terms of what quantum computer will screw up, Bitcoin is probably fairly low on the "OMFG" list. Bitcoin can also be changed/altered/upgraded with different forms of cryptography. McEliece cryptosystem was designed in 1978 and thought to be a possible post-quantum cryptography. While it might not be clear how Bitcoin will handle it, I have no doubt there will be solutions that can be implemented. In terms of quantum computers being a threat to Bitcoin, I'd say very very very unlikely. |
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