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6401  Economy / Speculation / Re: To whom it may concern... on: March 02, 2012, 07:13:31 AM
Who listened?

I did!

but then I messed up my exit and bitcoinica spreads owned me.

Just a touch too greedy, eh?
6402  Economy / Speculation / Re: Bitcoinica's Order Types on: March 02, 2012, 07:10:54 AM
Why did a STOP-BUY order at 4.50 execute at 4.70?

Because a stop-buy will buy as soon as the price is above 4.50.

If you want to buy as soon as the price is less than 4.50, you want a limit-buy.
6403  Economy / Speculation / Re: It's called a correction (waveaddict's bitcoin charting subscription thread) on: March 02, 2012, 05:50:54 AM
And it just so happened that a near perfect triangle formed during the last few days pointing towards a 'big' move right before a hack.

trust in the charts here guys  Smiley

But how can one possibly act that quickly? I mean...it broke 4.8 with a weird sell...then about 10 seconds later it was down to 4.6. How does one really get a position in that time?

by placing an order, and waiting?

on the downward slope, to go down (in this case)?

http://www.sec.gov/answers/stopord.htm
6404  Bitcoin / Bitcoin Discussion / Re: Hacked Linode & coins stolen to 1NRy8GbX56MymBhDYMyqsNKwW9VupqKVG7 on: March 02, 2012, 01:42:51 AM

Hell if I know, I'm just saying that the proof is very shaky, I'll wait for a statement from Linode before I think they actually screwed up, but given this community's history for having 'trusted people' disappear with funds, I don't know how much the opinion of 'some people on this forum' matters.

Here is some more 'proof' for you. Although you're liable to dismiss this in the same manner as the other:

https://bitcointalk.org/index.php?topic=66961

Thralen

That corroborates the current theory (Linode admin leak).

What are you trying to prove with that link that is contrary to a Linode admin leak?
6405  Bitcoin / Bitcoin Discussion / Re: Bitcoinica Warning: Please do not re-use any old Bitcoin deposit addresses on: March 02, 2012, 01:40:37 AM
yep.

Then why has the price not dropped at all on this news... It has instead been fairly bullish today.

You better hope the thieves actually want bitcoin and not USD.

Or they could want thousands of other things you can get for BTC.
6406  Bitcoin / Bitcoin Discussion / Re: Bitcoinica Warning: Please do not re-use any old Bitcoin deposit addresses on: March 02, 2012, 01:34:31 AM
yep.

Then why has the price not dropped at all on this news... It has instead been fairly bullish today.
6407  Bitcoin / Bitcoin Discussion / Re: Bitcoinica Warning: Please do not re-use any old Bitcoin deposit addresses on: March 02, 2012, 01:25:59 AM
more and more worthless with every theft.

Nope.
6408  Other / Politics & Society / Re: Faith in a higher power. on: March 01, 2012, 10:27:25 PM
I have faith that Bitcoin will not survive in space because it takes too long to send block data between Earth and Mars (between 4 and 21 minutes), but I have faith we'll figure something out, and that Gavin is already on top of that serious and urgent problem  Grin

Mining would simply be infeasible to bootstrap on Mars.  Martians could still broadcast their transactions back to Earth, but miners would just have their blocks rejected unless they could outrun all the miners on Earth.  Maybe as more miners get rich and move to Mars, the Earth hashrate will decrease enough that all the miners who have already made it to Mars will be enough to overtake the Earth blockchain.  They could also have a MarsCoin and an exchange with Bitcoin since it takes up to an additional 42 minutes to reach X confirmations (21 minutes to broadcast transaction to earth, 21 minute delay on receiving blocks).  This would help reduce the transmission costs since it takes a lot of power to send data so far.

Of course, all this is moot if we are able to develop faster-than-light communications by manipulating quantum entanglement effects.
6409  Other / Politics & Society / Re: renting out a house is armed robbery! on: March 01, 2012, 10:17:42 PM
SWP members are known as Trots.  Trots is also a synonym for diarrhoea,  Its not a compliment.

Your "one of the best in the world" was correct - I misread you.  My bad. 

http://en.wikipedia.org/wiki/Education_in_Sweden

Sweden 's eduaction is state funded.  Like the NHS.  So my education as an example of where state provision makes more sense if its close to 100% of the population stands.

"Trots" is an insult, "socialist" is a political viewpoint.  Saying "socialist" is an insult because there is a derogatory word for it is like saying "Italian" is an insult because some people call Italians "Degos"[1].

So, no he did not use an ad hominem, and yes, you did.  Then you falsely accused him of such.  This is also known as slander and is illegal in most jurisdictions.  Good thing we're just screwing around on this internet thingy, not having a real public discussion in reality.

1. http://www.urbandictionary.com/define.php?term=dego
6410  Other / Politics & Society / Re: Vermin Supreme: Last chance for the US? on: March 01, 2012, 09:56:06 PM
I think giving every US citizen a pony is the more effective than the welfare system we have today. Foodstamps, medicare, etc? 90% waste, 10% efficiency.

The pony program? Money goes to the farms, ponies come out. Poop comes out of the ponies, poop goes into local community farms and food comes out.

I can't complain. It's one of the most efficient welfare programs I've seen.

You obviously missed the part about it being a mandatory identification pony.  Want to board the airplane.... too bad, you forgot your pony.
6411  Other / Politics & Society / Re: Faith in a higher power. on: March 01, 2012, 09:54:45 PM
I have faith in SHA 256

I have faith SHA256 will be worthless for bitcoin within 3 decades, likely 2.  I also have faith we will transition away from it before this point and the bitcoin blockchain will still be secure.
6412  Economy / Speculation / Re: Rocket is secretly taking off yet again! on: March 01, 2012, 05:54:07 PM
On that point...

is there any way to find, for given division of time, what the total volume of sells and total number of buys was?

I'm defining buy and sell to be "accepted a limit offer from the book" to distinguish them from each other -- buys always equal sells in reality.

I ask because it's perfectly possible to get a massive sell, leaving the asks miles above, and then a tiny buy and the charting sites show it as a green bar making the volume for that period look like it was "huge buy".  To be honest, I'm not sure the current volume bars should be coloured at all.

I'd like to be able to see both volumes separately -- those that move the price up, and those that moved the price down.

Then become an exchange.  You might be able to estimate by comparing orders to your local copy of the orderbook as they come in, but it won't be precise because your orderbook will usually be slightly behind the real book.
6413  Economy / Services / Email-based tutoring (Comp Sci/Maths/Econ) on: March 01, 2012, 10:01:45 AM
Computer Science, Mathematics, and basic Economics tutoring available.

Correspondence will be a question and answer format.  0.1 BTC per question, 0.5 BTC minimum per email.  Emails will be answered within 48 hours, but often sooner.  Max 15 questions per 48 hours.  I reserve the right to refund the fee for any question that would take extensive research too far from my interests.

PM your email and a refund address to get started.  I will email you a bitcoin address.  Please send payment when you send me an email.

I will also offer a refund if you are dissatisfied with my answers.
6414  Economy / Speculation / Re: It's called a correction (waveaddict's bitcoin charting subscription thread) on: March 01, 2012, 09:49:59 AM
The Bitcoins, obviously, but that can a) be very very long-term and b) Bitcoin has no 100% chance of success.

Obviously you would want to protect yourself from what happened June to November, for example. Bitcoin lost 94% of its value over this period, whereas the USD maybe did so in a century.

Indeed... I watched it happen.  I've been bitcoining for over a year now.  Personally, I take individual profits as BTC, but I occasionally diversify first to cash, then to stocks and PMs.  Ideally, I diversify when Bitcoin is high and what I am short on is low.
6415  Economy / Speculation / Re: It's called a correction (waveaddict's bitcoin charting subscription thread) on: March 01, 2012, 09:36:57 AM
Thanks for the answer with regard to dollar deflationary effects on Bitcoin. I’m interested in how you would answer another question of mine. Grin

Do you believe it is foolish to take profits in BTC rather than USD? In other words, to view the bitcoins as the money and dollars the asset? Does it even matter as long as you stick to one strategy over the long run?

Which do you believe will hold value better over the long term?
6416  Economy / Speculation / Re: pied piper coinabul on: March 01, 2012, 09:01:02 AM
awesome
6417  Economy / Economics / Re: How big is Bitcoin's presence in China? on: March 01, 2012, 08:46:57 AM
I'm sorry the best English material I could provide is the wiki page. This link plays "neutral" by mixing the Chinese government's opinion into it. There are tons of articles and evidences in Chinese to argue for her innocence.

Most of people in China, including her loaners, don't believe she's guilty. The state machine's conclusion, that she had no ability to pay back in the future, from the fact that half the money was missing, was arbitrary. And more importantly, the whole dispute was a topic of civil law. She should by no means have been considered as a criminal anyway.

Thank you for the clarification.
6418  Other / Politics & Society / Re: Wyoming lawmaker introduces doomsday bill on: March 01, 2012, 08:26:32 AM
The way the US Dollar is being devalued, I think it is very smart to have a contingency plan for currency in particular.   Maybe someone should write the sponsor of this bill to educate him about bitcoin?

EDIT:thanks notme, i've got wine on the brain

educate who...? Huh

 Wyoming State Rep. David Miller, R-Riverton
6419  Economy / Speculation / Re: Goomboo's Journal on: March 01, 2012, 04:03:01 AM
Just a point of clarification... curve-fitting it the process regardless of success.  The term you are looking for is overfitting.

http://en.wikipedia.org/wiki/Overfitting

In the finance and trading world, we use the term curve-fitting to describe the process of making your trading strategy fit the price curve.  But yes, that's what it is - overfitting.

Edit - what I mean to say is that we literally say "curve-fitting" when describing our optimization and write "curve-fitting" in textbooks about trading systems.  Interesting that the technical term doesn't actually "fit" our usage of it :p ... thanks for pointing that out.

NP... pointing out nearly irrelevant discrepancies is what I do.  That, and inflaming trolls Tongue.
6420  Economy / Speculation / Re: slow day, I know why on: March 01, 2012, 03:35:44 AM
Not in silver.......




Buy silver now?

I bought more shares of my gold/silver miner today when it bottomed out.
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