So what do you think then?
Do we need 200k Dollar or more towards 500k Dollar to cross the zone?
Ozing resilience...... ozing resilience...... bitcoin shure is.
I believe the figure is closer to 1.5 million. It may take a few days, but when it happens you'll know. |
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I think it's best you stay at 1:1 so the test lasts longer.
Yes, that way you're sure to lose. |
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You really can't expect people to come read a forum to find out that the site doesn't actually work. You can put real money into it and lose big due to functionality that should never have been released to the public. That says the developers are pretty clueless about software release procedures, especially for transactional systems dealing with real money. There is nothing even on the page to indicate that the functions don't work. http://awesomescreenshot.com/0d9rrdl98Worse than simply not working, the StopLoss function will execute other transactions guaranteed to lose you money... The main way to make money on bitcoinia at the moment is to uncover their identities and hold them liable for damages. It's run by a 17 year old kid. If I were you, I would do better diligence before sending your irreversible money to random websites. That said, if you stay in the loop he is fairly responsive and does pretty well for a kid. I personally have made plenty of money, and as long as you aren't too heavily leveraged you should be able to profit if you sit on the position for a week. Anyway, I'm not going to respond in this thread any more as it's title is misleading. Please take your grief here: https://bitcointalk.org/index.php?topic=42267.0or start a new thread. |
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plus to add injury to damage, I would now have to take a loss just to reverse their error...
DO NOT USE THIS SITE YET
Trailing Stops are known broken right now. Why he hasn't disabled them until it's fixed IDK, but he has posted about this several times in various threads, including the main Bitcoinica thread. Coincidentally, that would be a better place to continue any discussion since the promotion for this thread has ended. |
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SC (assuming you mean SolidCoin) is a very different beast in that it is a centralized cryptocurrency. It will be controlled by the people with more than 1 million SolidCoins, which makes them eligible to be "trusted" nodes. Having a shitload of money doesn't have a damn thing to do with trust IMO, but please be aware what you are buying into.
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I still contend a ASIC SHA256 implementation would be the way to go. Have a bunch of pairs of these, a few buffers, an FPGA controller and you're golden. |
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Have fun with that :-)
I agree that bitcoinica is more appropriate for longer timeframes, my point is that it encourages intraday trading.
I looked under Advanced Placement .. I dont see any way to add stops though, what am I missing?
Order Type: Stop But yeah, it sucks. I wish I didn't have to pay $9 for one computer to trade with another computer, but that is how USD markets work. I've done much better with GLBSE where I can trade for free. |
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3 0.01 transaction per second this is interesting
It's not consistent though.... Still, bot is very hungry. |
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First you speak about support from traders and then about price. But price means nothing. 1 dollar is worth much less than 1 bitcoin, but is much more supported.
1 dollar and 1 bitcoin are used in different situations, so it's hard to compare them. But all clones of BTC are very similar each to other, so price comparison is enough. Except those that have vastly different numbers of coins with different distribution rates. Not to mention, different per unit cost of production. I don't need exact comparation. Just to know if it has potential. DVC for example costs 0.0000000000000000001 BTC. BRB... I'm going to go make a bitcoin clone with only 1000 total units. I'll sell you each coin for 10000 BTC after I mine enough to sell. Ok... I'm not really going to do that, but I think you will get my point. Ignoring that and using price as the only indicator is naive and will cost you in the long run. |
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Hi,
I'd like to ask the community, if this subforum should be closed, because I think that the discussions in this subforum are getting worse every day and it would be better for a new cryptocurrency to start somewhere else, since we didn't see any reasonable innovations in here. Also: I think a lot of us are NOT happy about the current situation on bitcointalk.org and this "coin war", because both Bitcoin users and users of alternative blockchains could do something useful instead of posting hateful comments.
Time to vote: 7 days.
P.S.: I hope the admins of bitcointalk.org close it, if the majority of us votes "Yes" .
I have read exactly 1 post from this subforum in the past month (this one). In the past 6 months, I've read over 100. See what I did there? Don't kill the dreams of others because they don't line up with yours. |
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I resolved the problem -- not sure what was wrong really, but I had created 2 codes from MtGox.
the first code just generated an error when I tried to deposit it into bitcoinica... the second one was OK. So, I returned the first code as a deposit to MtGox, and generated a new code, which did work to deposit in bitcoinica.
So I'm exploring bitcoinica --- the site offers leverage for day-trading type levels, and seems to encourage short term trading - but the spread is WAY to big to be comfortable, even for swing-trading... from the moment you start building a position, you are more than 1% underwater.
A spread of say .25 % or .3% would be workable in this situation, but at the moment I think the site is only useable for medium-term swing trades.
Also - they advertise that stoploss functions are available, but I cannot find that at all - frustrating..
do any of you know how to find the stop sets on bitcoinica?
Lengthen your time frame. I trade stocks $100 at a time with $9 trades.... it takes time, but you can do ok. Sometimes the house makes more than you do, but you have to spend money to make money. Stops are under the "Advanced Placement" tab. |
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First you speak about support from traders and then about price. But price means nothing. 1 dollar is worth much less than 1 bitcoin, but is much more supported.
1 dollar and 1 bitcoin are used in different situations, so it's hard to compare them. But all clones of BTC are very similar each to other, so price comparison is enough. Except those that have vastly different numbers of coins with different distribution rates. Not to mention, different per unit cost of production. |
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Unfortunately OP might be right. Rich people love clubs and perks. The more it resembles a ponzi scheme, the more they love it. GroupOn IPO FTW! Put a pyramid in your logo and you should be golden.
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We're at 6.66 again...  For a few seconds... we had to pass it sometime. |
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As I pass zero, I apologize to the bears who I have gored.
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I personally appreciated Taaki's dwelling on more important philosophical issues vs. just trying to pump Bitcoin.
It reminded me a bit of when Brito was on Napolitano's show on Fox. Napoplitano was practically cumming at the thought of skipping out of paying taxes and Brito had to bring him down to earth.
I feel it is great when the Bitcoin people appear to be the sane one, although I suspect I am in the minority as is often the case. Admittedly, it is a rather hollow victory to appear to be the sane one on Keiser's show (which I follow religiously, I might add.)
I wouldn't ask him to pump it. I would ask him to face it head on and say something along the lines of "Look, it's not a magic money machine. It is very good at nonlocal value transfers, but is currently very volatile. There are also security issues we are working on that are not released yet. I would keep an eye on it as an investment vehicle, but I wouldn't bet more than you can afford to lose." The fact is, the average device is insecure, and until we have split key support the more valuable bitcoins become, the higher the risk of high value thefts. |
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"It's an oligarchic, monopolistic, neo-futile mindset."
I think you mean neo-feudal. Otherwise, it's newly pointless. |
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You need to focus on the question being asked instead of giving a long winded speeches. I think a quick summary may save people a little time:
Max: Tell us about Dot-Bit, Namecoin, and other darknet technologies that are emerging in anticipation in this increased digital war.
Amir: There are a number of technologies on the internet which are anti-censorship tools. *Long Rant* which lasts 100 seconds.
Max: Ok...uhm...tell us about Bitcoin and cool stuff
Amir: Cool stuff is coming, bitcoin is digital money, machines can make plastic widgets.
Max: K I'll have to sell Bitcoin myself...Max starts listing benefits himself.
Amir: Fuck Banks!
Max: Thank you for joining us on the Keiser Report.
+1 Max kept trying to get you to plug Bitcoin, but you kept dodging it. |
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