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661  Alternate cryptocurrencies / Altcoin Discussion / Re: Why Litecoin? on: April 04, 2013, 02:16:10 PM
Litecoin is not silver to bitcoin gold.  Silver is silver because it has other properties of gold.  There are no advantageous characteristics of litecoin to bitcoin.  Litecoin was created when some individuals felt that they missed out on the early mining opportunity of bitcoin and its still hanging around. 

says the person joined on February 01, 2013, 05:17:36 AM

different algorithm? faster confirmation times?

Show me solid proof of ur statements and I will listen... till then... educate yourself



Faster confirmation time = less security, higher risk of forks.  It's "best" attribute it actually terrible.  Plus, jebus man, how many scam coins are you promoting?! You're the problem we're talking about here.
662  Alternate cryptocurrencies / Altcoin Discussion / Re: Why Litecoin? on: April 04, 2013, 01:50:07 PM
So are the people still into litecoin trading hoping that it'll take off? 

The only logic you will find from litecoin users is that since there are 4 times as many litecoins they should be worth 1/4 a bitcoin.  Nothing beyond that.  It's really dumb.
663  Alternate cryptocurrencies / Altcoin Discussion / Re: Why Litecoin? on: April 04, 2013, 01:41:21 PM
Litecoin is not silver to bitcoin gold.  Silver is silver because it has other properties of gold.  There are no advantageous characteristics of litecoin to bitcoin.  Litecoin was created when some individuals felt that they missed out on the early mining opportunity of bitcoin and its still hanging around. 

This is exactly right. 
664  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: April 04, 2013, 01:37:30 PM
don't like todays volume, depth, lag ... all too low ... something wrong?

It is quite early yet in the US.  Let us wake up before we trade. Smiley

hm, as I remember the last days things looked better 24/7 ...  Roll Eyes

edit: anyway, also "hidden" bids can drive us to a new ath, I am a bit worried still ...

The only thing you should be worried about is what time today do we break 150 Cheesy

Bid volume is recovering nicely after yesterdays Goxxing and ask volume is falling rapidly.  We're practically where we have been all week.

maybe worried wasn't the right expression as I am more then bullish mid- and long-term,
but not sure if we can go much further today than yesterday ...
(maybe wishful thinking as i would like to buy more but can't until later on?)



Fair enough.  I'm expecting 150 today, but will be more than happy with a day of sideways movement.

Clarkmoody is reporting 0 lag at the exact moment of this posting.
665  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: April 04, 2013, 01:25:29 PM
don't like todays volume, depth, lag ... all too low ... something wrong?

It is quite early yet in the US.  Let us wake up before we trade. Smiley

hm, as I remember the last days things looked better 24/7 ...  Roll Eyes

edit: anyway, also "hidden" bids can drive us to a new ath, I am a bit worried still ...

The only thing you should be worried about is what time today do we break 150 Cheesy

Bid volume is recovering nicely after yesterdays Goxxing and ask volume is falling rapidly.  We're practically where we have been all week.
666  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: April 04, 2013, 12:37:47 PM
THIS JUST IN: Bitcoin cannot be stopped.
667  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: April 04, 2013, 11:54:54 AM
Thursday is so the new Wednesday  Cheesy

Can we make Thursday the new Friday?  I want it to be the weekend already Sad
668  Economy / Speculation / Re: btc crashing, the great sell off has begun on: April 04, 2013, 11:53:37 AM
tfw i sold at $120 hoping to short, and failed because of you guys

Trying to catch the low in those panic situations is even more of a gamble then rolling on SD.  I just hold, hold, hold.
669  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: April 04, 2013, 11:52:38 AM
We now will return you to your regularly scheduled rally.   Grin

Bids are also approaching the volume they were at before everything went pear shaped.
670  Bitcoin / Press / Re: 2013_04_03 - TWiT.TV - Security Now_398 on: April 04, 2013, 11:41:41 AM
This is a huge PR opportunity! As many people should try to donate as much as possible by next week.

123ZYj4MCXiek1btZQ7dE5qGD6hTLHzxRs is the address.
671  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: April 04, 2013, 04:55:46 AM
Quote
We have seen a significant amount of comments on the web (various forums, Reddit, etc.) that portray Mt.Gox as a company held by “idiots” and other rather rude words, complaining about inability to deal with lag and other system issues, without understanding the magnitude of work and attacks we are facing every day.

They noticed me  Grin
672  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: April 04, 2013, 04:16:07 AM
Also, the new "official" bitcoin exchange btcchina is back over 1000 yuan.
673  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: April 04, 2013, 04:15:21 AM
Someone is massively profiting from these swings. Whether it's MtGox's flaky servers or DDOS or whatever. This isn't the behaviour of a grown-up currency.

Probably scumbags like S3052 - that shit should be illegal.

I don't know what it is we are talking about, but I can guarantee that making it illegal won't prevent it from happening.

Psht, what are you talking about!?! Nobody anywhere smokes marijuana since it became illegal!
674  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: April 04, 2013, 03:14:41 AM
at this rate the price will be less then 100 in 24 hours. i wanted to sell some at 150 today. sigh!
bulls... get this party going.

Party don't start for a few more hours.

But...aren't you the guy who argued it was smart to sell at 29? It's not like you'd get an invitation to the party anyways.
675  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: April 04, 2013, 01:13:52 AM
There does seem to be more selling pressure than usual (comparison below)... seems like someone/a lot of people just keep dumping.

I think it's more that the depth hasn't had a chance to build up a lot yet.  Someone sells 1 btc and the price drops a buck and it feel huge.  It may actually be a sign that people are taking their BTC ot other exchanges (finally).  It'll get there, don't worry.
676  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: April 04, 2013, 12:02:13 AM
China is now trading at 1050 CNY = 169 USD

Those guys understand where we're going.


I'm all for using btcchina as the new price standard.  Who is with me?!
677  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: April 03, 2013, 11:49:07 PM
Well, this has to go down as one of the most exciting/frustrating/scary/intense/emotionally draining days ever.  

I agree. Just remember, as long as you hold, you can't loose  Wink


Son, I practically invented holding Tongue

Meanwhile, BTCChina ¥978.50 = 157USD
678  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: April 03, 2013, 11:44:31 PM
Well, this has to go down as one of the most exciting/frustrating/scary/intense/emotionally draining days ever.  
679  Economy / Speculation / Re: North Korea says it has final ok for nuclear attack against USA (buybuybuy!) on: April 03, 2013, 10:23:09 PM
OMG! Japan is too close, mtgox will be affected by EMP! Sell Sell Sell!!!!


I have a feeling that the average Gox user would have a hard time telling the difference between EMP'd Gox and regular Gox.

Ok, I had to tip .01 for that Tongue
680  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: April 03, 2013, 10:14:59 PM
RETURNING TO NORMAL Cheesy

Peak 147, dip 110, new normal a rocket to 150?

FTFY
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