Now it's easy to remember. But hey - the original failed!  |
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I invested only 20% bitcoin, the rest gold and silver - what an idiot!
This sort of blunder self-corrects in a few months. (I only invested 1%  ) |
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How long does Bitstamp usually need to do the verification?
1-2 business days |
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only 8k btc for sale on bitstamp?! It used to be 15k until I last checked a week back, right? exchanges drying out of coins, this is very April like.  Remember it happening in March already. One day I close followed Bitstamp and there was about 5,000 coins sold on the way from $70 to $80. If the intermediate top indeed decides to form now, one indication of the top would be (250*(266/80)) = 830. |
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I think Silicon Valley has called NY's bluff .... "wtf is going on? what did you do to the money?" ... NY replies, "we haven't got a clue ... it just stopped working (pockets another few billions for them and their pals)"
For the first time, silicon valley is financially independent.  Oh what a glorious day when nobody needs the debtcurrency any more! |
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dree12 has compiled the data from Mt.Gox (6/2013-> Stamp) with greater precision: "2010-08","0.0647499670783823"
"2010-09","0.061954020274147086"
"2010-10","0.10582991127505428"
"2010-11","0.27056745743101035"
"2010-12","0.24010984584593584"
"2011-01","0.38858180917534374"
"2011-02","0.8960578304157628"
"2011-03","0.8507913320085179"
"2011-04","1.502187236294624"
"2011-05","6.384160766440483"
"2011-06","18.548271754213044"
"2011-07","14.1037341177656"
"2011-08","9.752957091428916"
"2011-09","5.759628530472161"
"2011-10","3.301818830471977"
"2011-11","2.59770303849321"
"2011-12","3.508841773813272"
"2012-01","6.106948530818074"
"2012-02","5.0629012809481555"
"2012-03","4.88026245169567"
"2012-04","4.979702748141324"
"2012-05","5.062788532597013"
"2012-06","6.026649772612354"
"2012-07","8.043786615126523"
"2012-08","10.87919315075586"
"2012-09","11.465951649610172"
"2012-10","11.578438689611142"
"2012-11","11.505423856163247"
"2012-12","13.329754439355359"
"2013-01","16.30940895076361"
"2013-02","25.933876759727013"
"2013-03","58.144059684555"
"2013-04","115.09268141788563"
"2013-05","112.81303150360635"
"2013-06","108.3900675602325"
"2013-07","83.80252582024497"
"2013-08","105.79276538949902"
"2013-09","124.32868197086977"
"2013-10","156.4950743054255"
When I have the opportunity, I will check if this should replace the earlier data, and recalculate if needed. Since many want the historical trend to have predictive value, I will try to see if it could have some. My method will likely be based on observing the changes in slope, and it will prompt selling if we are clearly above the trend and buying in every other case. |
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There are several investing styles. Mine has served me adequately.
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If I have $10K now that I want to put into BTC+altcoins, should I split that up into $200/week or something to take advantage of dollar cost averaging?
Dollar cost averaging does not bring any advantage. I would instruct you to buy as soon as possible, if you think bitcoin is good and confirm that the trend is up. You bought back after selling 1k at around $135? Sorry if that wasn't you.I had the intention to sell as part of my strategic sales plan. Instantly afterwards it started to rise, and I did not need all the money, so I bought back with part of the money as part of my speculative portfolio. There is no denying that I lost substantially, but I did not have the knowledge whether it would rise or not. This incident prompted me to delve deeper into bitcoin's historical prices. Now I will know better, how to time the strategic sales. I would rather sell when bitcoin is minimum 2x above the trendline. Then I have a realistic chance to buy back at half the price. Without the trendline as a basis, this would be very difficult. |
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I would eat my balls and lead a happy life everafter.
Witnessed  Molecular has created so epic quintuple-spend with his balls already, I suspect that all the transactions will be nullified and he still has them in 2016. |
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It could take a while and it would put the dollar-price of a bitcoin to 300,000 USD.
my guess is 2019
Where have I seen that 300,000 number before? Might have been a call for Dec this year Good numbers never die. My current target is 2016 however. |
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If I have $10K now that I want to put into BTC+altcoins, should I split that up into $200/week or something to take advantage of dollar cost averaging?
Dollar cost averaging does not bring any advantage. I would instruct you to buy as soon as possible, if you think bitcoin is good and confirm that the trend is up. |
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I have a similar metric on Coinorama.net
Select Bitstamp exchange and look at the Bids/Asks ratio (second chart on the left).
In the settings, disable the normalization to get the Bids/Asks ratio price.
Unfortunately, I currently don't keep track of independent values for Bids sum and Asks sum.
Cheers,
Thanks a lot! This was very helpful |
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What happens when we hit 266?  You can imagine. A lot of USD trapped on Gox, and an increasing scarcity of coins, which usually preceeds bubbles... See graph below. After $266 -> to the moon.  It would be cool to have this info, but from Bitstamp. Might it be possible? Btw. you probably realize that it is going UP. |
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had the balls and waited.
"It really really takes the iron balls to wait almost 7 months omg i want it now..." When bitcoin matures, I consider selling. No signs of maturity yet, so plenty of upside |
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As a newbie I got burned last week with an all-in.
How come you got burned? Did you sell? Most unsuccessful buys turn successful in weeks, and the rest after a little bit longer time... |
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You can use this service either as a "shop" for one-time conversion "BUY silver WITH bitcoins", and immediately repatriate the silver.
But the real fun begins when you actively use the storage capability, since this is one of very few merchants that actually has an own bank vault (10+ sqm, it used to be a bank) and warehouses everything 100% physically.
We have been in operation since 7/2010, same month as Mt.Gox.
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And so goes the waiting game.
LOL you're the only one awake  |
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Started a new thread, which is related to my work (enabling people to exchange bitcoins for other types of non-fiat money). Go, look and vote! |
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Please read the introduction before voting:We have had Silvervault for long, and now consider to drop the prefix, and increase the number of products offered. This would be effective early 2014. Vault is depository and trading system for a range of non-fiat currencies and moneys. Customers can fund their accounts with gold, silver, precious stones, and cryptocoins. They can make withdrawals similarly. While deposited, the property will be physically, securely maintained in our very own, full-security bank vault in Tallinn, Estonia. We offer real-time rates for conversion between all assets. We already have implemented the following items: - euro (although we do not offer euro storage; end-of-day euro balance will be autowithdrawn to customer's bank account) - 90% U.S. circulated coins ("AGD") - bitcoins. What other types of bullion/coins would you like to see? Please ask a question, I am here for you!
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