BTW, here comes the bounce.
*Spits the cyanide capsule out into his hand* |
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this bubble popping thing is unsustainable  It's some kind of bubble popping bubble? |
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1 hour lag on mtgox. Time to switch off the computer and go for a walk somewhere with trees and flowing water.
Are you planning to take any rope with you? No. Most of mine were bought way, way down from here. Heck, it was only just over a week ago we were celebrating busting through 100. |
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1 hour lag on mtgox. Time to switch off the computer and go for a walk somewhere with trees and flowing water.
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Still giving block not found. Does that mean it is not going to pay out?
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0.1BTC trades causing $10 swings now...
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Agree with DougTanner: gox should halt trading, this is exactly what the big exchanges do in situations like this.
No sane person is trading into 30 minutes of lag (just FYI, gox is headed into 1800 s of lag).
And also, gox won't shut down. They're raking in the fees on this.
Yea, just a few btc is moving the price $5 or $6 at a time. Zero depth. |
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1 problem with this idea
The dumping started 20$ before this 'lag' started
Got to get some downward momentum first... |
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Well that was long overdue...
Yes. Though scary, I'm still up on what I paid just 2 days ago. |
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Mtgox trading engine lag: 1203.80s
Have to say, if I was a trader, I'd be exiting too.
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Mtgox trading engine lag: 1103.79s
That's nearly 20 minutes!!!
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Those weak hands keep sneaking back in.
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OK, I don't really know much about the behind-the-scenes for mining. Are we waiting for something to happen with this one? http://blockexplorer.com/block/000000000000016e5c3b2f821f961f95fc2d08b75d5e681cd2282e85f748cf53Also, it looks like my previous problems with p2pool synching may have been related to bitcoind eating up all my upstream bandwidth. Apparently it hadn't been an issue with any of my other stuff because I don't usually run bitcoind. I'll be re-enabling QOS and dropping 8333 in the "almost zero bandwidth" bucket. Though I'm glad it got me to switch to CGMiner. I think it let me coax an extra 100MH/s out of my setup. |
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I wanted some community input on this just for fun:
I'm at a point where I have a 1/2oz silver coin die done that says 5 BITCOINS. But 5 BTC is now worth a hell of a lot more than it was when I started.
I almost want to start over and do 1oz=1BTC 1/2oz=1/2BTC and a smaller coin for 0.1 BTC... all in silver, and offer each (at least the biggest one or two) with the optional gold plated B like I did last time.
Do I run some coins with the 5 BITCOINS die, or just scrap it? It will seem kind of weird having a 5 and a 0.5 BTC coin that are, well, alike in every way, including the year 2013, and I'm tempted to just scrap the die.
Just sharpie in the decimal point. |
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We are in the second stealth phase right now, you should have said something mentioning the price taking off. Please pay attention to the joke  Don't forget the super-stealth phase which is so stealthy you can't even see it on the chart... |
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A 2% drop isn't considered a dip around here. You might start to feel a little nervous after a 10-20% drop, but even then it has typically recovered within a day or two, sometimes within a few hours
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Which only means the early adopters with large quantities of coins are selling some of them, which makes sense because when you are a millionaire, you might want to live like one. And it's normal to do some asset diversifying at this stage anyway. Nothing to worry about, just another case of the press looking for some stick to beat Bitcoin with.
But everyonez was telling me that no one would spend a deflationary currency. I iz confused. |
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Beyond that it's impossible to predict what will happen. The increase could slow down to merely being exponential, consistent with a stable adoption curve. There could be another 2011 style crash followed by a year to recover. We could see more people pour into Bitcoin until we pass through the Singularity and wake up 3 months from now to a world where nobody uses dollars or euros any more.
Or it could crash to worthlessness.
As long as governments keep doing stupid things, we're probably good for a while. If you've been as bearish on governments as some of us have for a while now, it's not hard to see that BTC might keep getting some unintentional support. |
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