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481  Other / Off-topic / Re: Political compass! (who believes what?) on: May 04, 2011, 12:49:58 AM
We started off with right libertarian people (like me and a few others), but the thread quickly shifted to left libertarian people!!!

What is happening to our awesomeness!? Cry
482  Economy / Speculation / Re: Bitcoin Technical Analysis on: May 03, 2011, 06:12:18 PM
483  Economy / Speculation / Re: Bitcoin Technical Analysis on: May 03, 2011, 05:11:16 PM
I was expecting a price drop at MtGox because of a loss of confidence due to the extended outage. To my surprise, MtGox re-opened with similar pricing to when it closed. I take that as a bullish indicator.

I think most of the people trading at MtGox understand the circumstances of the outages and their understanding of the circumstances mitigates their potential loss of confidence.  For better or worse, MtGox is getting entrenched, and something really nice is going to have to come along to disrupt that.

It's starting to get irritating hearing everyone whine about mtgox. If you don't like it make your better service and move on, comment in the designated thread, or just shut up.
484  Economy / Marketplace / Re: Payment processing sites that allow bitcoin trading on: May 03, 2011, 03:07:39 PM
When I can spend bitcoins at the grocery store, there will be little further need for such exchanges. Until then, you would be better served by coming up with ways to make it possible to spend bitcoins at the grocery store.

Bitmunchies :3
485  Economy / Marketplace / Re: The Bitcoin Sun - Looking for Subeditors [10 BTC / week] on: May 03, 2011, 02:20:40 PM
I would like to freelance for the trading position. However, I would like to be payed per word, not per week. (I can do a lot more work than indicated in a week, but I might not always be available all weeks, for example). Please give me your offer! Cheesy

Yes! We would love some freelancing journalists; we will be creating a fund to specially pay such contributions.
Once we have announced the subeditors, I suggest that you contact one of them and discuss any work that you would like to do.
We are sure that we will be able to come to some mutually beneficial agreement!

Tell me when to start and how much I get paid, and I'll start right away!
486  Economy / Marketplace / Re: it-max.ru on: May 03, 2011, 02:19:26 PM
http://www.it-max.ru/

IT Services for bitcoin in Moscow

In US, you use bitcoin! In soviet Russia, bitcoin uses you!
487  Other / Off-topic / Re: Political compass! (who believes what?) on: May 03, 2011, 02:15:13 PM
I wonder what makes you guys go to the bottom-right, and not to bottom-center.

Because the market shouldn't be regulated at all?

:O Shocking concept! (/me <3 sarcasm)

@Danube... why are you here if you want to regulate the market!? The entire point of bitcoin is unregulatibility!
488  Economy / Marketplace / Trade stocks, commodities, currencies without owning them (with bitcoins) on: May 03, 2011, 12:19:37 PM
The base for my idea is the CFD (contract for difference)

It's basically an agreement to send the difference in price of a given market to the person at the time of expiration (basically).

I have two extensions...

1. Multiplying the change when people feel like it
2. Enable the trading of them without margin by putting a cap on how much the CFD can move, even if the stock/currency/commodity moves more!

Why is this better than options or other derivatives?
1. The payment is sent AFTER the CFD expires based on whether the change in the underlying is positive or negative (so sell if you bet on negative, buy otherwise) - aka no scams
2. Great leverage can be applied, but without margin due to a cap on change.
3. "External" markets can be traded without

Penny for my thoughts? 1Cb4bpRooE7Q7xc4YEx48fuCNjZ8QwncMM

Thank you so much for any donations, I'll use them to provide (or purchase) these contracts, and to come up with more ideas!
489  Other / Off-topic / Re: Political compass! (who believes what?) on: May 03, 2011, 11:27:59 AM
I've seen the results I expected to see, bitcoins are basically for people who don't like government control of most sorts Tongue

I'm happy I'm with my crowd! Cheesy
490  Other / Off-topic / Re: Political compass! (who believes what?) on: May 03, 2011, 04:43:59 AM
This test has very ambiguous questions. For example, "Controlling inflation is more important than controlling unemployment." What if you do not believe in controlling either one? Also, "People are ultimately divided more by class than by nationality." Divided how? Those are just a couple of examples to show what I mean, but the bottom line is that the questions are poorly structured. Try this one: http://www.theadvocates.org/quiz

Thanks, I'll try it!
491  Other / Off-topic / Political compass! (who believes what?) on: May 03, 2011, 03:51:54 AM
http://www.politicalcompass.org/

See my joke thread: http://bitcointalk.org/index.php?topic=7624.0

Here's mine,

492  Economy / Marketplace / Re: Bidding Pond Concern on: May 03, 2011, 02:33:40 AM
Hello not sure if it's just me who has noticed but there seems to be a lot of expensive electronics up for bid at bidding pond from people who registered accounts that day I contacted a couple of them none seem to want to accept clear coin.  It seems most realize this is a bad idea since an iPod classic only sold for 10 BTC, just a reminder to be careful.  I have absolutely no proof of any wrong doing but just wanted to get this out there.

Probably stolen, but whoever stole them probably knows how to ship them anonymously, or they would be caught before even learning what a bitcoin is.
493  Economy / Trading Discussion / Re: decentralized Bitcoin are highly centralized to mtgox!11 on: May 02, 2011, 10:40:23 PM
If you don't like MtGox or Visa, do not use it.  Tell your friends.  Post web pages.  Do not break other peoples things. 

At what point does visiting a web site become immoral? If I visit it once per minute, second, millisecond? A denial of service is fundamentally no different than normal web traffic, just at a much higher volume.

I disagree, a ddos attack is a large amount of visits (often from compromised systems) with the intent to deny the service of a website.

Now, making an API check every millisecond isn't a DDoS, because you have a legitamite use for the site, and you certainly don't want to have it shut down.
494  Economy / Trading Discussion / Re: BitMarket.eu - should we accept USD? on: May 02, 2011, 10:38:11 PM

I thinking de-linking the USD part from the other makes sense in that if the USD part gets shutdown you'll still be operational with the Euro side of it. But fragmenting a business at such an early stage is not advisable.

If you can somehow keep them under the same umbrella from the customer point of view (single point of contact on web, same website, address, etc) but have them split legally so that a shutdown of one does not affect trading of the other is the ideal solution.

Yeah, the USD will only be available for the Paypal option and with that - we will have nothing to do with the money transfers. I don't see how matchmaking buyers and sellers without making any profit is a crime (unless BTC are made illegal in the EU). By the way, does anyone know what has to happen for BTC to be recognized as a currency (because then I don't think we would be allowed to run such a website)?

The bitcoin IS a currency, the only thing needed to make it legally a currency (so that it can be regulated) is some idiot...

Of course, since the bitcoin is decentralized (for the most part), you would still be able to continue the bitcoin side of things because it's tough to track and such...
495  Economy / Trading Discussion / Re: Historic market depth charts on: May 02, 2011, 10:20:47 PM
I'm working on a historic market depth chart.

Here's one for mtgox:

http://bitcoincharts.com/charts/mtgoxUSD/historic_orderbook_3d.png

This is work-in-progress and will change frequently until I figured out how such a chart should look. Any suggestions? Smiley

I like it, but it's very hard to see, and some of the numbers are cut off.

Keep up the good work!
496  Economy / Trading Discussion / Re: BitMarket.eu - should we accept USD? on: May 02, 2011, 10:17:47 PM
You should get USD, but keep in mind that mtgox currently has a monopoly on USD exchanges/trades...
497  Economy / Trading Discussion / Re: decentralized Bitcoin are highly centralized to mtgox!11 on: May 02, 2011, 10:16:57 PM
Do not you think that a decentralized currency Bitcoin a highly centralized to mtgox? So that users are more profitable to move all his bitсoins into mtgox.

Yes, dammit, I resent, because paying for the work with bitcoins!

Confess that you simply draw exchange rates!

I agree, but at this point the community is DEPENDENT on mtgox...

Most USD trades are through it, and the most trading volume (by far) occurs on it.

Unfortunately, this will continue until people see reason to stop (eg. more ddos attacks, or a government attack on it)
498  Economy / Speculation / Re: Bitcoin Technical Analysis on: May 02, 2011, 10:15:33 PM
They are applicable as BTC is from a technical standpoint not different from other markets. At the same time, BTC/USD price pattern history is still young and it is always open to various interpretations as to in which wave we are currently. We can easily count different scenarios: (i) We are in a 3rd wave up, which implies a further continuation. (ii) we are in the last 5th wave up with one more high before the end of that wave, (iii) Or we have completed the last 5th wave already at the last high and will soon see the longest correction since the start of trading, or (iv)...
This all depends on whether we include the bitcoinmarket trading before MtGox started or not.. You see, it is quite complex at this stage.

I can issue a more in depth Elliott Wave analysis if there is enough interest in the community and some people want to donate some coins, as this will require at least 3 hours which is difficult for me. (I need to add volume, sentiment measures, other indicators on top of Elliott to most accurately determine in which wave we are and narrow down the scenarios - and most importantly, come up with a favorite scenario).

Just let me know.

Alright, I agree with the price history being a bit small, I was just curious!

I did by the way, send you an email with my evaluations of the USD/CHF pair.

(I'm afraid I didn't include an elliott wave analysis Sad )
499  Economy / Speculation / Re: Bitcoin Technical Analysis on: May 02, 2011, 10:00:09 PM
Here we go:

The link to the update and yes, the uncertainty around MtGox may trigger profit taking.

http://blog.bitcoinwatch.com/2011/05/bitcoin-market-analysis-may-2nd-2011-by-s3052/

I have a question, you seemed to use the elliott wave principle on one of your charts (charts.ly)... Why are they not applicable to bitcoins?
500  Economy / Marketplace / Re: WTB Hand holding service (teach me to buy a computer, set up mining program) on: May 02, 2011, 09:54:41 PM
If I may make a suggestion or two... (sorry bidders)

1. Bitcoin production is less than the actual amount you get from the mining in most cases.
2. I suggest learning more about building computers, Linux distributions, and basic programming knowledge before attempting this.

If someone is there to help I see no reason not too

I agree, I was just trying to keep the helpee (lol) from spending a bunch of money on something that inevitably loses it.

I suggest spending your 1k on bitcoins if you're determined to have bitcoins... Since bitcoins' supply is heavily limited, buy & hold might work, or alternatively you can learn to trade using technical analysis, news, or some other profitable system.

If you need help, just ask! Cheesy
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