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7021  Bitcoin / Meetups / Re: Bitcoin Supernode Summit Finland 9.-12. May 2013 on: May 06, 2013, 08:19:10 PM
General

The I Bitcoin Supernode Summit will issue the following admissions:

1 Host Donator
2 Family Donators

1 Senior Delegate
1 Senior Host
1 Family

3 Delegates
7 Virtual Delegates (3 available for 8,000; 9,000; 10,000mBTC)
2 Guests
2 Hosts

2 Staff

30 Visitors (about 25 available for 500mBTC)



Schedule

Tuesday

17:00 Summit Starts

Wednesday

17:00 Summit Secretariat Begins Operations

Thursday

10:00 Sauna Starts
17:00 Opening Ceremony
18:00 Dinner

Friday


Saturday

12:00 Haikko Bitcoin Seminar (public event)
18:00 Romanov Gala Dinner
23:00 Sauna Ends

Sunday
16:00 Summit Ends
7022  Bitcoin / Meetups / Re: Bitcoin Supernode Summit Finland 9.-12. May 2013 on: May 06, 2013, 07:20:58 PM
** Public event: Haikko Bitcoin Seminar 11th May 2013 **

Venue: Haikko Manor House, Romanov Ballroom (main floor)

Bitcoin seminar tickets (Visitor ticket) 500mBTC incl. coffee, spa access. If there are extra seats in the Ballroom, we admit the public to listen to the speakers without ticket. Comments disabled for non-ticket holders. Payment in bitcoin, prepayment, details will be announced. If paid with EUR upon arrival, the EUR will be discounted 20% when converting to bitcoin (equal to buying bitcoins at 25% margin).

Extras:
Lunch of your choice from the carte (about 10-30 EUR + optional wines). No reservation needed.
Dinner (Romanov Menu 5 courses 75 EUR + optional wines 60 EUR). Reservations upon registration, limited seats, payment (in EUR) upon arrival
This menu was served in the accession of Emperor Nicholas II in St. Petersburg in 1896. They used gold plates, we will use silver cutlery.

12:00 Lunch
13:00 Speakers
Coffee will be served during speakers. Speakers may speak in Finnish or English.
Simultaneous small group translation (whisperer) will be provided between Finnish, Swedish and English.

Jeremias Kangas (kangasbros) - Successful OTC Bitcoin Business
Risto Pietilä (rpietila) - Bitcoin Fundamentals
N.N.
N.N. (Speakers and topics are subject to change)

15:00 Free time; access to the spa and amenities
18:00 Dinner (spa and amenities continue for non-participants of Dinner)
21:00 Evening programme

Seminar is included for I Supernode Summit Delegates and Guests.
Dinner is included for Delegates and Guests.
Wine is included for Donators.
7023  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 06, 2013, 06:40:22 PM
Ooh, bowl is tilted to the downside. Poll: should I send 2k to Gox to crash it (1k sell + 1k wall)?

Can I buy sub-100 back or no??  Huh
7024  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 06, 2013, 06:39:05 PM
Man, wake up. Wallzilla intention was to SELL, not to BUY. You don't place a $2M bid just $5 below spot in the real world, if your real intention is to buy. And you don't keep pushing it up, because a 10% of $2M is A LOT of money, for you, me and all the rich guys around. With that kind of wall you are only pushing the price up, everybody knows that - and no, the theory of the clueless guy who just received his lottery winnings on Gox (on a Sunday Wink) is just utter BS.

That's how the market works: you want to sell a big chunk and your loaded with fiat, you place a huge wall trying to push the price up and to create depth around your wall. You want to buy low and you have a lot of coins, you put a huge ASK wall to push the price down.

If you really want to buy $2M coins, you just place smaller bids all over a certain price range. Putting 10% of the total amount of fiat sitting on Gox in a single spot means only one thing: your real intention is to sell.

+1

In theory, yes. But is there a seller willing to sell at these low levels, who already has sold to cash out $2M (which is 20k coins)? In my calculation, there are only about 40 people in the category.

It is possible that he is a buyer after all, no matter how unreasonable it is.

(When I was a newb about 6 weeks ago, I showed $130k wall in Bitstamp just for the lulz, and ended up buying at an average 6% higher than the point of showing the wall, I also drove the price from 2% discount to Mt.Gox to 2% premium. Now I am smarter and know how to play. Still I might do things just for the lulz, like the mindless crash of 14. Feb makers who wanted a red Valentine candle).
7025  Bitcoin / Bitcoin Discussion / Re: Bitcoin Holders Must Prepare For Mass Adoption on: May 06, 2013, 06:32:06 PM
I even deleted some posts of people who just told me they liked the thread, not because I don't appreciate their feedback, just trying to keep the discussion readable and the page count down. Malawi's latest post will obviously not be deleted cuz he offers a point in the discussion. Feel free to do the same.
-- Just so you know, I might end up deleting your last post and my response to it.

But the post where I pointed out your tinfoil-view of the world in your opening posts were deleted.....

Yes. There is not so much point to litter other people's rooms, is there? The OP probably knows that there are many forum accounts who disagree with him, that alone is not a reason to post.

Go make your own thread if the only thing you have to say is to ridicule the host!
7026  Bitcoin / Bitcoin Discussion / Re: Bitcoin Holders Must Prepare For Mass Adoption on: May 06, 2013, 07:56:06 AM
assuming Satoshi is US Gov and holding roughly 2% of btc, China just took the bait to trap anyone trying to flee from US currency.

That would be hilarious.  I would just have to say well played US Treasury, well played. 

How exactly will the trap play out? I don't see any realistic means of holding bitcoin down until the bubble towards $1-5M is played out.
7027  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 06, 2013, 06:43:11 AM
Let's not forget that a major bubble popped less than 30 days ago. It took one year for the price to return to $30 after the 2011 bubble. For me the only thing holding us back from the strong downward pressure from the last crash is the Chinese news. People have been squabbling over what this news means in the short-range. What are the implications of this for the months to come? This is MAJOR progress for bitcoin. The Chinese government is most certainly backing bitcoin as we have had multiple media leaks endorsing it. It cannot be an isolated event.

Buy the rumour, sell the news. They (CCP) are now loaded, and may be ready to cash out short term. Long term china will be a major playa.

Yes, it will go back sub-100 briefly, goat is right.
7028  Other / Off-topic / Re: rpietila public diary on: May 06, 2013, 06:10:06 AM
I think a wave of digital cash hitting the internet will only spawn more hackers. Surely not all of them have Bitcoins, and will not get paid off during a mass adoption transition. More and more will come out the woodworks. Which I understand, because to be honest, the whole idea sounds like a lot of fun.

The intelligent people in this world are not so many, 95% of them already know about bitcoins, and a great number of them have bitcoins by now. As the rest or the intelligentsia buys into bitcoins sub-$100k (and they generally have the means to buy a good chunk of them), and price shoots to $millions, they will be awestruck with the developments, quit their work, thief will steal no more, etc.

Gitmo inmates will be set free this year, because the administration have bought bitcoins and do not care to run a prison any more. Any evil c&c structure becomes paralyzed after the 1% in control of it buy bitcoins.

Soon, for evil to have any presence at all in this world, it is required that possessing bitcoins will need to be made punishable by death. (This will be rather arbitrary in case of multisig, but since when has logic been any detriment of evil..  Undecided )

And it will not even help. French revolution outlawed the use of gold as a quote currency in 1792. United States outlawed the use of gold as quote currency in 1933. Outlawing bitcoins is exceedingly more difficult, and it is hard to lead an organization of evil, when your staff quit en masse after having bought bitcoins. But they will try Wink
7029  Bitcoin / Bitcoin Discussion / Re: Bitcoin Holders Must Prepare For Mass Adoption on: May 06, 2013, 06:08:13 AM
I think a wave of digital cash hitting the internet will only spawn more hackers. Surely not all of them have Bitcoins, and will not get paid off during a mass adoption transition. More and more will come out the woodworks. Which I understand, because to be honest, the whole idea sounds like a lot of fun.

The intelligent people in this world are not so many, 95% of them already know about bitcoins, and a great number of them have bitcoins by now. As the rest or the intelligentsia buys into bitcoins sub-$100k (and they generally have the means to buy a good chunk of them), and price shoots to $millions, they will be awestruck with the developments, quit their work, thief will steal no more, etc.

Gitmo inmates will be set free this year, because the administration have bought bitcoins and do not care to run a prison any more. Any evil c&c structure becomes paralyzed after the 1% in control of it buy bitcoins.

Soon, for evil to have any presence at all in this world, it is required that possessing bitcoins will need to be made punishable by death. (This will be rather arbitrary in case of multisig, but since when has logic been any detriment of evil..  Undecided )

And it will not even help. French revolution outlawed the use of gold as a quote currency in 1792. United States outlawed the use of gold as quote currency in 1933. Outlawing bitcoins is exceedingly more difficult, and it is hard to lead an organization of evil, when your staff quit en masse after having bought bitcoins. But they will try Wink
7030  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 06, 2013, 05:53:08 AM
The strong price action, leads me to think, we'll see 134 soon.  Cry  Cry
7031  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 06, 2013, 05:48:24 AM
All i know is rpietila has fun. No matter what he is doing, at least he's taking the bull by the horns and doing something..

We need more people in the world like him.

Thank you for these kind words, sir.

But please remember that at times, 40% of this thread is metatalk about me, and the raison d'être of this thread is to observe the walls that the wallmasters set up. There are other threads available, if you want to discuss my fundamental research in an atmosphere of dignity, or contempt.

The latter thread, is shown as follows in my screen:
Quote
A: This user is currently ignored.

B: This user is currently ignored.

A: This user is currently ignored.

C: This user is currently ignored.
7032  Other / Off-topic / Re: rpietila public diary on: May 06, 2013, 05:11:29 AM
What Sword Smith says above, is true. I will correct it soon. Does not alter the conclusion, though, therefore I am not in a hurry.

Meanwhile in Wall Observer:

It just boggles my mind that someone will play around with 2mil in cash in a market like this.  I wonder how many BTC he has?  
Zero. And just learned about Bitcoin, how amazing it is, and wants a long-term holding like Winklevii, Exante and Keiser?
If someone really wanted to get in at 110 with 2 mil, I think they would put a much smaller wall there and then reinforce it as it gets eaten
Unless they don't give a shit because they HAVE 2 million to play with
You don't earn $2m by screwing around like that.

How exactly do you earn $2 million then!? Tell me  Cheesy

I was selling yesterday like a baby elephant. Did not want to tell it in the thread (since it was a kind of live training for me and Roni) but it was about 67% my fault that we dropped from 119 to 108. Some of you saw the 1,000BTC wall scaring the shit away from prospective buyers. It was mine. I thought it would drop anyway, and the time was ripe for some playing around.

I could drive the price 10% down without selling more than 1,000BTC. This confirmed to me that it was overextended to the upside, just waiting for pricking. Then I tried to pressure it further down towards my target of 105, since the support in my theory lies below that magic number. I did not think we would revisit 100 again, and if we did, we would just briefly dip to about 95, and leave the territory for good.

That was a mistake. After 12% drop the bowl was tilted and a recoil was in order. If I had been playing with BTC300-500, I would have got out at average 116, enabling a buyback at 108-109. Now I was "too big to succeed" and thought that it would certainly go to 105 just because of my wish. I spent 1,000BTC in trying to cross 107 second time, which was needless waste of ammunition with a gain that would not have been monetary anyway (buying back at 105.14 with a 2,000BTC wall would have been a near wash - I never aim to gain 1-2%, that is way too risky with bitcoin. 10-20% suits me much better).

Then I wrote that I was "done buying". Since the bid was there, and I was sure that there would be a person in the U.S., after waking up Sunday morning, seeing that coin is down, but he can still sell for a profit, would sell the 5,000BTC. So technically I was done buying, although the bid was not fulfilled yet. I also thought I would act as a double-contrarian indicator, profiting from telling about doing contrary to what I do.

Then some bloke I am not affiliated with, decided to buy 2,000BTC with market order and everything went sour.  Angry Now I have set up a very fancy algorithmic buyback schedule, which either allows me to buy back at a profit (possible even 6 more days if the price goes south), a loss (if it doesn't do it in 6 days), or leaves me with $220k funny money, and my remaining bitcoins valued at $300k/BTC in October, 2013.

Sometimes you need to spend money to make a point. This time I earnestly hope to be able to buyback (I will divulge the strategy when I am done), but even if not, I can suffer the $300k bitcoins like a man. After all some people will actually commend me for the prediction and thank me for their fortune, and the haters are not welcome to my conference anyway and ignored in this forum.

Disclaimer: The "me" means me, personally, when referring to the initiator of trades, and Eesti Investeerimishobe OÜ, est. 2009, Tallinn when referring to the owner of the bitcoins traded. In Estonia, bitcoin trade is tax free. The company is 100% owned by my family.

7033  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 06, 2013, 04:47:39 AM
Y'all are being trolled  Grin

A rule-of-thumb:

- Blockchain transactions to your offline-generated wallets are real.
- Everything else is probably fake.
- The wall observer is a joke, since we make the walls. Others observe them.
7034  Economy / Speculation / Re: Do not try and pop the bubble. That's impossible. on: May 06, 2013, 04:18:47 AM
Me, cause I did buy bitcoins in 2010.  I think "why did I sell bitcoins at $15?" and then i answer myself "because my wife told me to"
Man. Teach your wife. You never sell BTC. You buy BTC with your spare cash. More when they are cheaper, less when they are more expensive. But you don't sell them. Well, if you can double your initial fiat investment selling 5% of your total stash, go ahead, I won't stop you. But no more than that. Just hold on the mofos for the long haul. This is the way you play this game.

Learn from Vladimir Wink

Whothefook is this Rampion? Noob in the forum, hates me, but knows things. Sockpuppet of a 2011 ptb supernode? Nah, these days we call them "staff" and pay $70k per year, plus bonuses. Am I right on this one?  Grin
7035  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 06, 2013, 04:08:43 AM
It just boggles my mind that someone will play around with 2mil in cash in a market like this.  I wonder how many BTC he has?  
Zero. And just learned about Bitcoin, how amazing it is, and wants a long-term holding like Winklevii, Exante and Keiser?
If someone really wanted to get in at 110 with 2 mil, I think they would put a much smaller wall there and then reinforce it as it gets eaten
Unless they don't give a shit because they HAVE 2 million to play with
You don't earn $2m by screwing around like that.

How exactly do you earn $2 million then!? Tell me  Cheesy

I was selling yesterday like a baby elephant. Did not want to tell it in the thread (since it was a kind of live training for me and Roni) but it was about 67% my fault that we dropped from 119 to 108. Some of you saw the 1,000BTC wall scaring the shit away from prospective buyers. It was mine. I thought it would drop anyway, and the time was ripe for some playing around.

I could drive the price 10% down without selling more than 1,000BTC. This confirmed to me that it was overextended to the upside, just waiting for pricking. Then I tried to pressure it further down towards my target of 105, since the support in my theory lies below that magic number. I did not think we would revisit 100 again, and if we did, we would just briefly dip to about 95, and leave the territory for good.

That was a mistake. After 12% drop the bowl was tilted and a recoil was in order. If I had been playing with BTC300-500, I would have got out at average 116, enabling a buyback at 108-109. Now I was "too big to succeed" and thought that it would certainly go to 105 just because of my wish. I spent 1,000BTC in trying to cross 107 second time, which was needless waste of ammunition with a gain that would not have been monetary anyway (buying back at 105.14 with a 2,000BTC wall would have been a near wash - I never aim to gain 1-2%, that is way too risky with bitcoin. 10-20% suits me much better).

Then I wrote that I was "done buying". Since the bid was there, and I was sure that there would be a person in the U.S., after waking up Sunday morning, seeing that coin is down, but he can still sell for a profit, would sell the 5,000BTC. So technically I was done buying, although the bid was not fulfilled yet. I also thought I would act as a double-contrarian indicator, profiting from telling about doing contrary to what I do.

Then some bloke I am not affiliated with, decided to buy 2,000BTC with market order and everything went sour.  Angry Now I have set up a very fancy algorithmic buyback schedule, which either allows me to buy back at a profit (possible even 6 more days if the price goes south), a loss (if it doesn't do it in 6 days), or leaves me with $220k funny money, and my remaining bitcoins valued at $300k/BTC in October, 2013.

Sometimes you need to spend money to make a point. This time I earnestly hope to be able to buyback (I will divulge the strategy when I am done), but even if not, I can suffer the $300k bitcoins like a man. After all some people will actually commend me for the prediction and thank me for their fortune, and the haters are not welcome to my conference anyway and ignored in this forum.

Disclaimer: The "me" means me, personally, when referring to the initiator of trades, and Eesti Investeerimishobe OÜ, est. 2009, Tallinn when referring to the owner of the bitcoins traded. In Estonia, bitcoin trade is tax free. The company is 100% owned by my family.
7036  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 05, 2013, 07:00:01 PM
I have a feeling that goat is right. It will visit double digits today after all, one last time. Remember to buy yours then! Smiley

Don't think so. Anyhow, your prediction skills are state of the art, man.

Thanks. Wonder I have any bitcoins left...Sad
7037  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 05, 2013, 06:54:56 PM
The more volume we see around 120, the less we will ever again visit 100.

Unfortunately, I am short 2000 coins, and have no need for the dollars. I have devised a rather fancy buyback procedure, but unless we quickly go sub-100, I will make a loss on this one.
7038  Bitcoin / Bitcoin Discussion / Re: Bitcoin Holders Must Prepare For Mass Adoption on: May 05, 2013, 02:16:15 PM
Is this an rpietila alt?

No, this is the sixth person in the world who is taking $300k seriously. The number is increasing quite fast.

But no need to be scared of intelligent hackers. They already have bitcoins, and even a thief gets lazy after receiving million$ in an honest way.
7039  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 05, 2013, 02:00:07 PM
Geting 1000+ coin market buy orders for the third time, what is going on ?

Umm.. somebody wants coinz  Roll Eyes
7040  Other / Off-topic / Re: rpietila public diary on: May 05, 2013, 01:32:44 PM
The wonder of it all - is that what Risto says above is absolutely true,

Wonder if SlipperySlope is joking, or do I now have the fifth person who understands Bitcoin  Shocked

Look at the adoption rate growth, of the 5 people who I know, who realize what I say is true:

Person A - Sep 2010
Person B - Mid-Apr 2013 (This was me Smiley )
Person C - Late-Apr 2013
Person D - Early-May 2013
Person E - Early-May 2013

What I see is a very rapid growth. Today is only 5th of May, after all. I'd say hundreds of people understand it in May, and millions in June. In July it is too late to buy bitcoins for investment probably.

This thread is a fascinating read, but is getting crazier by the day! The quote above speaks volumes about relative prioritisation. I've traded billions of USD and managed to do so without being overly concerned with ceiling proximity  Grin

Already have the money, now we're looking for some quality of life.

I assure you, you will feel the shortage of rental offices with 4+ meter ceiling, already this autumn. How could it not be, if the above is true?
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