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621  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 15, 2014, 09:52:14 PM
I love Bitcoins Smiley Sell at 650, buy back at 550.

Now you can go up again, though I still have a little fiat left.
622  Economy / Speculation / Re: I like this a LOT :) on: June 15, 2014, 09:51:10 PM
Yes, it's odd - at the beginning it states that Bitcoin is considered a safe store of value "to protect from wild swings in fiat currencies...", but then goes on to say the U.S. dollar and bitcoin move in the same direction, while gold moves in the opposite direction.

Confused article that doesn't really tell us anything.

Was probably a slow news day and they picked anything to write about.
623  Economy / Services / Re: Minersource.net - Now Paying for your signatures! || New Loyalty Program! on: June 11, 2014, 09:32:59 PM
Time to get my money Smiley

Would like to re-enroll for another month.
624  Economy / Speculation / Re: who is dumping 2.5k bitcoins now? on: June 11, 2014, 05:20:59 PM
the raise has stopped, i think the op is right, we are heading back to $300

I can confirm. Buy orders between 240-320 are ready.

Lol, the trolls are out in full form now Grin
625  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 11, 2014, 05:17:56 PM
Possible BFX spread explanation:



A higher price if it is not liquidity related (low liquidity, large spread, low bid, high ask....) or fee related (higher fees, higher bid, higher ask) which we can safely rule out at the moment is often a sign of it being less attractive for people to withdraw fiat and instead withdraw btc leading to higher btc prices (think MtGox for a very long time), also the other way around (easier to deposit fiat ->higher btc price). This would fit as BFX offers no SEPA and now has % fees to withdrawals. It's also possible that as you said there is higher buy pressure because people have more buying power through margin trading although it could be argued that the ability to short on BFX should keep that in check.

With these possibilites it's probably a mix which leads to 1 to 2 % higher prices. BFX clients should definitely keep an eye on the spread though.


Also: the last time Bitfinex pulled out of an exchange it was G O X, a few months before they shutdown !
Stamp next?



Stamp is doing well, do not se why it will go down.

Gox was doomed was apparent for months.
626  Other / Off-topic / Re: Worst Movies You Have Ever Watched on: June 11, 2014, 02:26:13 PM
I saw The Descent, The Cave and The Cavern. Almost same story. The Descent and The Cave is pretty ok to me. The Cavern is the worst of the three.

I haven't seen the last one. I think I need to see it, as it was shot in Kazakhstan.

My comparison:

1. The Descent:
Location -  Appalachian Mountains, North Carolina, USA
Explorers - 6 to 7, all American.
Attackers (mutants): several dozen, origin unknown

2. The Cave:
Location -  Carpathian Mountains, Romania
Explorers - 7 to 8, mostly American.
Attackers (mutants): several dozen, origin unknown

3. The Cavern:
Location -  Kyzyl Kum Desert, Kazakhstan.
Explorers - 7 of them. 5 foreigners and two natives
Attackers (mutants): Single attacker, survivor of the plane crash.

Can not believe enough people like this sort to warrant so many of these films  Shocked

Have not seen a decent horror movie for some time, will try to find one.
627  Other / Off-topic / Re: Worst Movies You Have Ever Watched on: June 10, 2014, 04:30:38 PM
The Decent, or at least I think that was the name. A few people went down spelunking, met some modified cave people and everybody died.

lol... name was The Descent. It wasn't a bad movie, but suitable only for fans of humanoid horror.  Grin

They even made two sequels to the movie. I haven't watched the sequels, but the original movie seemed pretty much average for me. 

Sequels for that? Wonder who would have paid money for that.

There's only one sequel to The Descent as far as I know. I thought it was pretty good for a horror. A lot of people rave about it like it's a classic of the genre though. Haven't seen the sequel. There's a very similar film called The Cave as well which was even released the same year.

Now that you mention it, the movie might have been The Cave.

I watched the film after getting some recommendations and hated it.
628  Other / Off-topic / Re: Worst Movies You Have Ever Watched on: June 10, 2014, 04:02:21 PM
The Decent, or at least I think that was the name. A few people went down spelunking, met some modified cave people and everybody died.

Total waste of 2 hours.
629  Other / Off-topic / Re: Your plan in case of an alien invasion on: June 10, 2014, 04:00:03 PM
Throw water on them, like in Signs Grin

Or explain to them how bankers are ruining everything.
630  Other / Off-topic / Re: What Browser You Use on: June 10, 2014, 03:58:45 PM
I use Chrome and Firefox.

I remember using Netscape ages back Grin
631  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 10, 2014, 03:57:37 PM
Someone is desperated about price going over $650 at Bitstamp now for a few days (and have a lot of coins).

We cant do much, just sit here and wait for jump or right time.

Let's just hope it happens soon Smiley
Me want actionz!

I have a small sell pending. The swings are quite small but I am bored and want to make something.
632  Economy / Speculation / Re: Automated posting on: June 10, 2014, 03:53:44 PM


Bitcoin is disappointing us negatively this week.
The poll still seems rather bullish!

That's the problem, everybody is already loaded and have no spare FIAT to buy more.

Actually I do have some spare, but I have spread them out from 450 - 550.

Always helps to keep a bit of fiat for the sharp drops.


As time passes, a large majority of people continue to acquire additional fiat, and then the question becomes how that person wishes to store the value of that fiat b/c the opportunity to buy BTC between $450 and $550 has passed and currently is NOT available. 

Accordingly, do we consider $650 to be a good value to store fiat in BTC, or do we believe storing fiat in some other investment vehicle or leaving it in fiat would be preferable? 

Each of us needs to decide for ourselves what is the best storage of that newly acquired fiat. 

Personally in the past several months, I have been putting my newly acquired fiat into BTC b/c currently, I consider BTC prices to be a good value as compared with other ways that I could store/invest that newly acquired fiat.  Keeping it in fiat does NOT seem to be a very prudent approach in my current thinking.

I am happy as long as I have more BTCs than to begin with. The remaining fiat is a bonus, if it drops I get more BTC, if it does not I have some fiat to burn.
633  Economy / Speculation / Re: SecondMarket Bitcoin Investment Trust Observer on: June 10, 2014, 03:51:31 PM
Not really, they bought most of them between $700 and $1,100  Grin
https://bitcointalk.org/index.php?topic=337486.msg6449073#msg6449073
They are already at a big loss then.  Why do not they do short term speculation?
AFAIK, the way the fund works, SecondMarket makes money (fees) whatever happens to the price.

It is the people who invest in the fund (i.e. who buy their shares) who assume all the risk.  Specifically, the investors who bought SMBIT shares when the BTC price was below 650$ are currently happy, the others are currently at unhappy.

The investors cannot do anything for the first six months; after which all they can do is liquidate their shares, at a price proprtional to the current BTC market price.  Thus SMBIT does not have to do any smart trading: it could just buy when someone invests, sell when someone liquidates, always at the current market price, and it would still make a good profit.

SMBIT could make some extra money, for itself and/or for their investors, by playing the market with the coins that they are holding for their investors; but I assume that they are prohibited to do so by the contract, even if the investors wanted them to.

Is this correct?

So if they are not doing anything, why would any investor invest? Easier to get a stake in Bitcoins through this method?
634  Other / Off-topic / Re: TV Series Recommendations... on: June 10, 2014, 12:27:45 AM
If you really want to get into it, the first season of Korra was kind of meh, it was alright but it was a lot faster paced because I think the creators weren't expecting a big response out of it.

Book 2 is more, I don't know but you see familiar faces in it.

Book 3 so far has been the best, leaked episodes from /co/ on 4chan are up, and it's only 4 but it's definitely probably the better of the 3 seasons. The only complaint i really have with the show is there isn't much character development throughout. We saw Aang grow up, from being the boy in the iceburg to the Avatar, Korra is just....she's got some redeeming qualities but she's not really what I'd call "avatar" material.

Anyways look for yourself, the show is awesome regardless (I love anything ATLA anyways)

I will have to start from the first season anyway. I can not jump right in the middle of a show.

My friend sometimes back said he did not like it. I will ask him to see if he likes it now.
635  Economy / Speculation / Re: SecondMarket Bitcoin Investment Trust Observer on: June 10, 2014, 12:25:17 AM
Did you died?   Embarrassed

I think Second Market did. Bitcoin price is moving fast and they are not buying or selling.
We want some action back Tongue

Their behavior (their clients behavior) seems intelligent - they were accumulating during the period of low prices and now they are neither buying nor selling, they are hodling.

Not really, they bought most of them between $700 and $1,100  Grin

https://bitcointalk.org/index.php?topic=337486.msg6449073#msg6449073

They are already at a big loss then.

Why do not they do short term speculation?
636  Economy / Speculation / Re: 50% increase and everyone thinks 10k (again) on: June 10, 2014, 12:23:07 AM
We started going up 2 weeks ago and we're just about 50% higher. It's good, it's nice but look at the charts. February 1st was way higher. So we're lower than where we were at 2014's start. Of course money can be made on price swings or bubbles but looking at the bigger picture, seems nothing fundamental changed. Not that many new people buy bitcoin.

If we were to repeat last bubble, a 9x increase in 2-months timeframe, we should be at 4500 this summer. But I think chances for this to happen are very slim. Too much new money have to be poured into and not that many newcomers into bitcoin yet.

I am very curious where the price will be on July 2nd. I'll have to do a big decision then and a powerful Bitcoin might help me. A good price will be 1000 zone. Based only on last bubble, where price double first time in about 1mo, we could be there by my due date. But this might be also the end of a mini-bubble, deflating from 680s to 400s again.



Do not underestimate them, you can make a lot of money that way.

I very much doubt we will see 1000 now, more likely it will go down to 500.
637  Economy / Speculation / Re: Automated posting on: June 10, 2014, 12:19:43 AM


Bitcoin is disappointing us negatively this week.
The poll still seems rather bullish!

That's the problem, everybody is already loaded and have no spare FIAT to buy more.

Actually I do have some spare, but I have spread them out from 450 - 550.

Always helps to keep a bit of fiat for the sharp drops.
638  Other / Off-topic / Re: How much bitcoin are you sitting on? [Anonymous Poll] on: June 10, 2014, 12:17:14 AM
Quote
Since Bitcoin is digital, and not physical, it's impossible to sit on a Bitcoin. It's digital, meaning, you'd have to go through your computer screen to sit on it, or even touch it.

BTC are stored on your harddisk (or usb disk drive), so it is possible to sit on them. In addition, there are paper wallets which you can sit on  Tongue


Yeah, but that's still not literally a Bitcoin. It's just a paper wallet, or a storage device. You're not actually on a Bitcoin.
Draw a bitcoin logo on it, voila. You're sitting on a bitcoin.

I will print my wallet QR on the back of my trousers. Then I can sit on it whenever I like Grin
639  Economy / Speculation / Re: Is it my imagination or does Bitcoin tend to gravitate towards $666 on: June 10, 2014, 12:08:08 AM
Yep, just went to confirm:
https://bitcointalk.org/index.php?topic=402079.0

Be afraid.

I didn't see one and I was looking at the mapofcoins and that thing has a really large list of coins

So if someone wanted to take it they could

Oh there was one neat

http://mapofcoins.com/

The clonecoin business is just saturated. You throw a stone and it lands on some coin.
640  Economy / Speculation / Re: At THE RALLY when will you sell? on: June 10, 2014, 12:06:21 AM
Sell after it has become obvious the bubble is over and you have a much weaker retracement rally that comes fairly close to the high (170 and 995 last time), then start shorting for the post-bubble bear market.

yeah, it's hard to know where the top is, but if the price doubles the ATH, that could be a good indicator. you know it's going to eventually come down after all.

Its quite obvious to find out that its going down. Last rally it was quite clear when it stayed below 1000 for the second time. Even I could figure that out without any charts.
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