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7001  Bitcoin / Project Development / Re: 1BTC relayed bounty to establish contact with these companies on: May 07, 2013, 08:05:37 AM
Sorry if I'm missing something.. But how is 1 BTC $300k?

It will assume the place of gold in global monetary system.
7002  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 07, 2013, 06:38:28 AM
Solex bought just to troll me.  Wink

Haha. I wish.
There are degrees of boldness and the wall of fame has some real doozies.  To be fair, your prediction is milder than most.
FWIW, I agree with Ares, we are seeing an upper channel break-out. But is it a fake-out of a break-out? I am sure Rpietila has a view!

It looks fair value at 110 right now.

I bet you never guessed that!  Roll Eyes
7003  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 07, 2013, 06:12:03 AM
Solex bought just to troll me.  Wink

Long term, everything sub-120 per mBTC is a good buy.
7004  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 07, 2013, 06:10:16 AM
620kUS to 102, same to 117. I smell a bulltrap forming in the 114 area. This time of the day, there are not so many buyers, even I could crash the price easily, but it is hard to buy back above 100.

Below 100 there will be lots of coins to be bought Smiley
7005  Economy / Speculation / Re: Wall of Fame: Quotes of Bold Predictions on: May 07, 2013, 06:06:03 AM
1 Satoshi will be on par with the Dollar by the end of the decade.

No it will not.

(If dollar goes so low, it will go extinct.)

There is an upper limit for the long term purchasing power of 1 satoshi, and it is not more than $0.01 in today's dollars.

Besides wasn't this thread only for quotes, not original research ?
7006  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 07, 2013, 05:53:48 AM
A put sounds interesting. Now my question would be how to enforce fulfillment of contract.

That would be a problem if you had a history of scamming people, or no history whatsoever. My history is 7 years precious metals dealer with 8-figure sales. Set up a scam accusation thread if you want to know how many people I scammed. Even the ridicule thread is almost dead.

Last year I was a victim of scams/defaults of up to $80k. Now you cannot be scammed of this much if you don't have any (Goat?  Grin )

Now as you - Goat - are online, perhaps you can pay me BTC700 to the following address (please confirm the address from both email and skype before paying and send BTC1 test case):

1ArJoUdZ1WLFHPe1jQZ1536W7cuCQquUsJ

EDIT: Goat sent me email saying that he can only pay thursday. It is OK, I also don't walk around with privkeys to 700,000mBTC  Grin
7007  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 07, 2013, 05:42:09 AM

ya i'd like to buy a PUT

100$ strike price 200BTC

how much?

BTC40, send me PM so we lock-in the price and details.

40BTC or about
so that i can sell you 200 BTC for 100$ each anytime before june.
an ok deal if you think bitcoin might go down and want to sell them.

i'm going to have to pass i just realize i want MORE  Cheesy

The premium must be paid in bitcoins of course, because no other method is as fast, cheap and trustable.

When you send me BTC200 before June, I will be obliged to send you $20,000, and that is fiat, and may take up to a week to reach you.

For this privilege you send me BTC40, this is fair if anything  Smiley

OK, right now it crosses $110, we want to see it play ut before you buy, right Wink
7008  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 07, 2013, 05:30:15 AM

ya i'd like to buy a PUT

100$ strike price 200BTC

how much?

BTC40, send me PM so we lock-in the price and details.
7009  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 07, 2013, 05:29:16 AM
We just saw 110 and 102 in the same candle only 2 hours ago!

That fact is instrumental in my analysis. It is called "trading range", and breaking either will be fireworks. However it is a trap nevertheless. If we break to the upside, it is a bull trap. Downside, it is a bear trap.
7010  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 07, 2013, 05:22:51 AM
Anyone interested in puts?  Grin

As you might know by now, I want to buy bitcoins, and what would be a better way to buy them than giving others permission to sell at lower than current price and net the margin. Worst scenario would be to just net the margin..

Imho, we will see either 110 or 102, one before the other. Prepare accordingly.

Can you explain what you are offering?  I have read a bit about puts and they don't make a lot of sense to me.

If you believe that bitcoin might go down a lot, you sell, and buy back cheaper.

If you are not sure, it may go down or not, but that is not certain, and you don't want to sell eg. for tax reasons, you buy a put.

For example, now I would sell you a $100 put for BTC.200.

MP is selling it for BTC.330 currently so you get it cheaper from me.

Put is my obligation to buy bitcoins at the strike price, no matter how low they go in other venues such as Mt.Gox.

This put above is current until end of June, and may be exercised any time before.

BTC100 face value OK (I want to try even this one time thats why I lowered the minimum).

So you pay me BTC20, and your BTC100 will never be worth less than $10,000 until the end of June. Sleep well!  Smiley






7011  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 07, 2013, 05:10:20 AM
Anyone interested in puts?  Grin

As you might know by now, I want to buy bitcoins, and what would be a better way to buy them than giving others permission to sell at lower than current price and net the margin. Worst scenario would be to just net the margin..

Imho, we will see either 110 or 102, one before the other. Prepare accordingly.
7012  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 07, 2013, 05:08:20 AM
So, we're going to see 95 again?

I think we will not see 95 again, but 100 is irresistible. But you can never know - after hitting 95 it can induce another rout. If 79 does not hold, more retreat. After that even I would consider that we go to 50, and perhaps we would, perhaps not. Even now people are buying because they think that I am a contrarian indicator and my sudden turn to bearishness bodes well for bitcoin.

Long term anything sub-100k is a glaring buy.
7013  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 07, 2013, 05:00:12 AM
My reasoning goes like this - it has to touch $100 before leaving this area.

But touching it induces a panic that may go low or lower. Expect a crash immediately if $102 does not hold. The depth above 102 is $400k.

Do not sell your coins, this is not my intention. Prime your buys between 50-100 when we get there.
7014  Bitcoin / Project Development / 1BTC relayed bounty to establish contact with these companies on: May 07, 2013, 04:54:32 AM
Finnish Bitcoin forum user Kimmo has posted a bounty of 1,000mBTC if you make contact to a senior executive of any of the following companies and post proof that you have made him show interest in Bitcoin:

Vitol
Glencore International AG
Trafigura
Cargill
Archer Daniels Midland
Gunvor
Mercuria Energy Group
Noble Group
Louis Dreyfus Group
Bunge Limited
Wilmar International
Olam International

Cheep $300k bounty up for grabs!  Wink I am just a messenger.
7015  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 07, 2013, 04:45:05 AM
Ok if we breach 78, it will likely resume downtrend for a time, but I think we will not see 78 again.
I hate it when you say "we will not see $xx again" because when you do we ALWAYS see that number again and it usually doesn't take long after you say it.

If you really think so, what a valuable advice! Sell 33% of your bitcoins if the price is above the floor and buy them back when we see it.

If we cross 110, we could see a minirally. But bid depth above 95 is anemic, $2m. When I went to sleep not that long ago, it was $2m above 105.

Bitcoin is wonderful, because it seems that it is always about the right price. It can always go down as well as up, and you can never be sure. Of course, long term it seems to be going up. Only way to trade profitably is to buy low and sell high. It takes skill to know which number is low and which is high.
7016  Bitcoin / Bitcoin Discussion / Re: Bitcoin Holders Must Prepare For Mass Adoption on: May 07, 2013, 04:37:56 AM
4,97   Finland
4,73   Sweden
4,38   Netherlands
3,91   Estonia
3,81   Norway

I am from Finland, and I have operations in Estonia, and sell to Sweden and Norway. (Also visit Netherlands perhaps 1/yr). Because of my influence that started in Finland long before my coming to Bitcointalk, Finns have bought about 20,000BTC more than they would otherwise have done. That is not bad considering that it is about 1-2% of the world's mine supply of the period, Finland accounts for 0.1% of the world's population, and there are other bitcoin proponents in Finland whose influence is not accounted for in the number. (In fact, some Finnish bitcoin circles are antagonistic towards me, as they regard me as a newbie because of my low tech skills.)

Without these early adopters, I would not have heard about Bitcoin. I truly felt like an old fart, all of 2010-2011, as there was a lively Bitcoin scene partly attached to our superfood- precious metals scene, while personally I felt that Bitcoin was too geeky. After a quite in-depth understanding of what Bitcoin is, it took me more than 12 months to invest. I could not have heard about it, were it not for the early adopters, and needless to say, now it is too late to wait for 12 months if you only now hear of it. Bitcoin is going to the moon and back in 12 months.

I have btw never loaded Bitcoin-qt so me and my clients are wholly under the radar of that list  Cheesy
7017  Economy / Speculation / Re: The short term bear case on: May 07, 2013, 04:25:04 AM
If we do not breach 95, we have a bullish pattern. If we do breach it, then we will go sub-79.

If we do not breach 66, then we are heading up. If we do breach it, then we crash to 50.

If 50 holds, it is very bullish. If not, I am puzzled. 50 is the line of defence that should hold.

Conclusion: everything that can realistically happen is bullish now. Only "problem" is that if you buy at 100 and you could have bought next week at 50, you net half the amount of coins + feel stupid in the process.
7018  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 07, 2013, 04:12:35 AM
$50 is the new low!!!

$50 is the new $5, so bitcoin is obviously going to $500 next. I don't mind 1,000% gains even if we go to 50. And will buy more sub-100.

Ok if we breach 78, it will likely resume downtrend for a time, but I think we will not see 78 again.
7019  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 07, 2013, 03:56:08 AM
Holy shit that was a crazy ride. Bought at 103 seconds before it jumped to 111. Don't know what to think now. Still think sub 100s after this thing runs its course.

Sell for 109 wait a couple hours and buy back for 95

Hmm.. Do you think 95 will hold? If it does, we are in an uptrend, defined by the lower bound 50-79-95 (still no pics sorry)!

What if there are more coins to be sold after the "big pump of china"?
 
I say sub-100 is a buy, above 100 is not a short-term buy.

(Last time I said that, it dropped to 50 in the following day and I kind of felt sucker, buying at 86..)
7020  Other / Off-topic / Re: rpietila public diary on: May 06, 2013, 08:45:37 PM
I have updated the conference schedule and announced a public event on Saturday.
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