Despite having accounts in all exchanges, havent been able to trade a coin today. Perhaps there would be an opportune moment to fix the root of the problem, since otherwise it will not get better, no matter how big bitcoin becomes.
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I am back. Things look like the same as I left them..
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OK guys, now for something completely different: Bitcoin Dealer Network. During last summer, I had time to develop this matter, but now I have not had the energy to push it. The failure of all the exchanges to cope with demand again, proves that it is of systemic nature. The new demand is coming in waves, and it is not economical for the exchanges to invest in advance. Systemic nature means, the problem will not go away, ever, as long as the exchanges are a dominant way of trading bitcoins. The dealer network would relieve a great burden from the exchanges, enable large new holders to buy and existing holders to exit effortlessly, and would reduce the volatility to a fraction of what it is in the current system. It would also scale faster and better to the growing size of Bitcoin economy and remove the central-point-of-failure problem that is still plaguing us despite that there are now more exchanges than just one. The text is quite technical, I hardly understand it myself after a few months Please bear with that and comment on the subject matter instead. Have a nice read!
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If only I was one of the 500 :3
At these reduced prices we are enjoying today, only about $1M is needed to secure your place among the Most Wealthy. Actually I am still baffled how cheap it is. There are so many who have $1M... I think it was 30 million individuals globally. Only 500 with $1M in BITCOINS!
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Holdings as of 11/20/2013: 182,592 BTC.
Congratulations! You made it to the TOP-10 by beating FBI
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Quoting myself from another thread: - I give it 1/3 chance that we have already seen a (quasi-)major interim top in all exchanges - 2/3 chance that we have already seen the bottom
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I came to my own thread and.. wtf have I just read. Nice work, guys You keep on surprising me. What I am waiting with interest is: a) How the trendline will change after we add a point above previous trend for November. b) How the bitcoin exchange rate will hold. We have already visited 3.3x the trend (in China, 24 hours ago). This equals to 6-7 months of trendy appreciation. I am giving 33% chance that we already saw the interim top in all exchanges. 67% that we already saw the bottom
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Thank you. I am sure that no one can rationally argue with you, so please make the altcoin before we are all doomed.
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I can't understand how any company running this game wouldn't be reinvesting profits into top hardware, if you captured the market it's such a money printing machine. Why do they try and do it on a shoe-string
Simple. If they had invested 2 months ago, the price would have been 6 times higher than now. I also use nearly 3 year old laptop because I want to spend BTC1 for replacement instead of BTC10. Yes it sux but that seems to be the way to operate an exchange.
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Nothing, Bitcoin is the NWO currency.
Not sure if serious.
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Update: I had a Skype call with the General Manager of Vault. He was interested to hear that the most wanted product is actually Litecoin It is hard for us to realize the new reality; we thought that the various PM products would be the most wanted!
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It is about $27, EU only, includes all tax, shipping and insurance. Buy and pay with one click, BTC directly. 24/7.
I don't know of a similar service. Yes you may get the product cheaper if you think and pay in fiat, all kind of hassle etc. This is for those who want no hassle.
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What a shame that Gox is not relevant anymore. Real men are looking for ways to export money from China. There is a million dollar per day opportunity going on. I just laugh if somebody brings fresh BTC to dump in Gox. No money out - just more whiplash
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Updated new prices and terms.
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excellent post
Excellent post! I am interested in seeing what the November average turns out to be, and how it affects the trendline and trendtargets.
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For once I'll say thank god there is gox to support the price otherwise bitstamp looks like it would go down the rabbit hole. What is going on over there and what happened to the order book? The bid at btcchina doesn't look impressive either.
I had a difficulty logging in at Bitstamp several times today I couldn't do it. When I finally could, I bought about 4 bitcoins with market order They credit the money usually about this time of the day, and the rally takes 2-3 hours. It is 3:41pm in central Europe, people cannot buy yet as they are working and travel home. Then it will normalize with others. (If not, there is an issue)
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I am hard pressed to update the list. Unfortunately I cannot currently do it because of time constraints. Would you like a bracket-based list instead: - 1000,000 - 300,000 - 100,000 - 30,000 -10,000 -3,000.
Each number would represent an order-of-magnitude instead of exact figure (which is very unprecise anyway but looks precise).
Would this be better for those who are on the list?
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Especially with all the talk about fungibility - do you guarantee that the exact same item that was deposited will be returned, or do I just get back any random BTC for example.
No. We keep as many categories as needed to differentiate between non-fungible items and commingle the fungibles, such as BTC. I don't think it matters for you, since U.S., Canadian and Japanese nationals and residents are not allowed to participate (IV.3.3). The list will probably grow larger in the intermediate future.
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3. Don't hijack Risto's public diary -- make your own (you have some interesting things to say).
I was responding with a personal story to a discussion that Risto et al started about the mode of control starting with primary education. What you are really saying is that you want social control/conformance. Typical socialist you are. You are under their mode of control. You are even parroting it. You've lost your individuality and your manhood. 2. The composite of qualities, such as courage, determination, and vigor, often thought to be appropriate to a man.I fully support the idea of AnonyMint having threads of his own, but it seems to suit him better to dwell in frameworks created by others. I would never have bought Jason's monthly report if there was no forum, and the forum was not dominated by Jason but by AnonyMint. His way of writing is very provocative and would probably not attract enough target audience without this hijacking trait. I can and will make new threads when the old ones get too infested with extreme personalities EDIT: Personal attacks should be kept at the minimum necessary, OK?
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