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7541  Economy / Goods / Re: WTB: Silver or Gold ... Coins, bars... etc on: April 11, 2013, 07:31:32 PM
WTS: Philharmonics, American Eagle, Canada Maple Leaf, 90% U.S. circulated
any quantity up to 400 oz immediate dlwy, 10,000 oz one week lead time
btc payment upon lock-in
eu only, ship from estonia
PM
7542  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: April 11, 2013, 07:07:54 PM
Yeah. Gox will come back with 1000 times better engine. Everybody's sell orders will be instantly executed. Price goes to $15.

Only as all sellers are satisfied, do they realize that the trades were actually executed, and they lost the coins.

Then the buyers see that orders go through, and raise the price to $150, which will become a new floor.

After 2 weeks the crash is forgotten except that some made a killing and some made a lot of dough.

As they say, you can't know if the trade was profitable until you squander all the proceeds.

Go to sleep, molecular. See you in 5 hours!  Grin Grin
7543  Economy / Speculation / Re: How will market react when MtGox reopens trade? on: April 11, 2013, 06:30:58 PM
Quote

You mean flash crash and then immediately back to +$200? Or you are saying that those who sold at 160btc will be queing up to buy like crazy at $123.40 (Gox last price)?

Why would anyone queue to buy at $123.40 when they can buy at $88 right now on another exchange?

No they CANNOT.   Explain to me how I can buy 10,000 USD of bitcoin RIGHT NOW on any other exchange?  You would have to have an account open with them AND have USD sitting in that account.


If you know me, you can. You will have to send me 100% of the amount in BTC as a guarantee. I can buy in any exchange as I have money in all of them. For a fee, of course. The ones doing this will make a killing tomorrow as they did today, irrespective of what happens to the price.

I don't believe it will go sub-$20. I am not the only arbitrageur out there. Everybody wants bitcoins. If you don't believe me, sell yours to me.
7544  Economy / Speculation / Re: PROUDHON WAS RIGHT! on: April 11, 2013, 04:26:13 PM
I have in excess of that in the bank and I never have a jittery feeling to do anything. Might explain why you're such a huge speculator on this forum.

Thank you, sir.
7545  Economy / Speculation / Re: PROUDHON WAS RIGHT! on: April 11, 2013, 04:23:28 PM
Too bad you weren't wise enough to sell 100% at $200. Imagine all that money.

If you had as much as I do, you would know the jittery feeling every time you have in excess of 100,000 in the bank. You just feel the urge to buy anything that can't be printed. Be it gold, silver or bitcoins.
7546  Economy / Speculation / Re: BTC value about to skyrocket! on: April 11, 2013, 04:16:54 PM
I might sell if it dropped to $5 and take a very tidy profit.

Why wait, as I can buy them right away. PM me.
7547  Economy / Speculation / Re: What is your plan now? {poll} on: April 11, 2013, 04:15:23 PM
I am expecting the trading to resume at about $100 and will gladly accept anything below.

My dream of being in the top 100 is perhaps being fulfilled as we speak!
7548  Economy / Speculation / Re: RIP everything on: April 11, 2013, 04:13:29 PM
I see blocks being generated at a steady pace. About 1500 new bitcoins every day.

If it goes to $1, I think I will start buying each one of them.
7549  Economy / Speculation / Re: PROUDHON WAS RIGHT! on: April 11, 2013, 04:11:57 PM
No, I am not a permabull. In fact I sold about 3% for over $200. As price is back in my buy range of $50 right now, I just resume buying.

The key is to be flexible. Buy low and sell high, and not be suckered to think that the reverse somehow is correct, as it isn't.

7550  Economy / Speculation / Re: PROUDHON WAS RIGHT! on: April 11, 2013, 04:07:05 PM
Sorry, but this is percentage game. What matters, is how many BTC you have, not how much you paid for them, or for what price you can sell them or could have sold them.

The big boys want to get some bitcoins, and currently they are busy getting them. Don't sell to them. They can get almost a million BTC from the suckers during the following month, don't be one of them.

Ok, if you need, sell 10-20%. Cause they want the coins Wink
7551  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: April 11, 2013, 04:02:06 PM
BTC is going to hit $5 if not lower, as soon as GOX opens. MARK MY WORDS! Already at $70 on BTC-e....

hahahha, good one Cheesy

Why do you laugh. If he is willing to sell for $5, I can save the trouble trying to log into Gox, and buy outright. Currently I can buy outright BTC40,000. PM me if interested.
7552  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: April 11, 2013, 03:01:34 PM
Last time I checked, the network was up. Blocks were being generated at about 6 per hour.

Yesterday during the crash, I withdrew BTC2000 from Mt.Gox in about 2 minutes. Everything worked perfectly. (Do not assume this was my funds as I do have a lot corporate accounts also.)

My business currently generates about 0.15% return on capital daily. Annualized, that is a mind-boggling 72%. As I keep all my funds in silver and bitcoins, the value appreciation comes on top of that. Very seldom can I generate such a return, my average over 10+ years is 15%.

I can still both buy and sell bitcoins for cash, and not long time ago I made a 26% spread on two €1000+ OTC transactions in 1 hour.

Silvervault opened bitcoin accounts for all its customers. Today's price was 40% lower than yesterday, giving a rather low-risk entry point for 800 investors currently 100,000 ounces long in silver. Silvervault can trade your physical silver for bitcoin for a click of a mouse in 190 countries.

--

I think this has been a great week.

I may as well have a weekend effective immediately. If BTCitcoin price somewhere goes to $1 over the weekend so that I can actually buy it (could care less about exchanges that lag or do not allow trading), I will be the first to buy for my entire business income.

If every day I increase my bitcoin holdings by 0.15%, it will take less than 20 years for me to own all the bitcoins.

Sounds like a plan.
7553  Economy / Speculation / Re: Just Logged onto Ig markets to check how silver and gold are going and saw... on: April 11, 2013, 12:37:18 PM
This kind of services start small, but it is something that the bitcoin economy needs to stabilise the price when it can be stabilised (ie. north of $1000). I am watching all these closely. The integrity of the service is the most important matter here, if your money is tied for any time in excess of 24 hours. Holding customers' money increases the risk of running away with it.
7554  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: April 11, 2013, 12:30:45 PM
It is very hard for me to draw the conclusion that the bitcoin hype is over.

If it goes down, media will be all over the "CRASH" headlines

If it goes up, there will be the corresponding interest

--

During 2011, maybe a million people heard about bitcoin, and got a seed sown into their heart to buy them when the time is right. It took them 1-2 years to get in. See the result.

Now, a conservative estimate is that 100 million have heard about it, and many/most HNWIs are among them.

I don't know what the price is tomorrow or 3 months from now, but a rather safe bet for the following 2 years is a 10-double. (Actual target 100-double).

All it takes is for the people who ALREADY heard, to get their mental processes right.

I bet even my father-in-law invests a minimum of € 10,000 into bitcoins in the next 2 years.

An € 10,000 counts when multiplied by a hundred million.

The probability for bitcoin to go to zero in 2 years, in my estimate, is 20-40%.

Therefore I am still all in with all the money I *can* afford to lose. Until there is something even close to these odds available.

Such as arbitrage trading. I employed a guy to do it, and his first 24 hours have raked in about $1500 with not much risk, as is the nature of arbitrage.
7555  Economy / Auctions / Re: AUCTION - 8 rolls of new 0.5BTC Casascius Coins on: April 11, 2013, 11:56:43 AM
+1 for all the above.

I have tried several auction methods, and a reverse ("Dutch") auction is one that works quite well. You implement a website with lots (plural of "a lot") of products for sale and a ticking "buy now" button. The amount in the button decreases steadily. First bid always wins. Payment in 10 minutes. You can time out the products and not need to tell when it happens, so it will increase the excitement. Smooth as a pie.

This will not fetch you the long term highest price, according to the statistics. But I figured out, you don't care about squeezing the last satoshi, just want the market to allocate the coinsn efficiently with less decisions needed from your part.
7556  Economy / Speculation / Re: You do realize there will be no stopping it now...right? on: April 11, 2013, 11:48:15 AM
Well, you're the rare exception. It would be obvious though, that buying into these rallies is indeed partaking in attempts at profit taking based on speculation.

No, not really.

It is the last stages of the bubble, the final 300% or so, that attracts people like you to participate. Most of the coins are held by long-term investors, who bought them at anything prior to March, 2013, at average prices of $1-$30. If they decide to cash out en masse, and newbies panic, we may easily see $30-$100 again. But no, it will not be an end of the world. During the whole 2012, bitcoin only rose less than 200%.

Have you been watching me!? How did you know I bought my long term gains under 30!? Granted  I broke even today, but I just didn't feel like having my family worry about my buy in anymore.

I wasn't able to make a large buy at ~$50, but the run up made me not care. Now it's all house money, and I am just gonna let it ride. Sucks if I lose it, but it's not like I really lose much after that right?

I don't know if I am in the majority or the minority, but depending on what others like myself need, they might decide that they have made enough profit and just cash out.

I was there to help you out in the beginning. So you took the loan, and paid it back in 30 days, and now you're holding (the freebies) for the longest time. Nice poker, man!  Grin
7557  Economy / Speculation / Re: You do realize there will be no stopping it now...right? on: April 11, 2013, 09:59:36 AM
Well, you're the rare exception. It would be obvious though, that buying into these rallies is indeed partaking in attempts at profit taking based on speculation.

No, not really.

It is the last stages of the bubble, the final 300% or so, that attracts people like you to participate. Most of the coins are held by long-term investors, who bought them at anything prior to March, 2013, at average prices of $1-$30. If they decide to cash out en masse, and newbies panic, we may easily see $30-$100 again. But no, it will not be an end of the world. During the whole 2012, bitcoin only rose less than 200%.
7558  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: April 11, 2013, 09:49:09 AM
Bitcoin will get mentioned someplace with lots of readers, a bunch of those readers will like the idea and try to buy Bitcoins, their price will rise which will draw even more people to "invest", which will drive the price up even more... until people decide that the price isn't going to rise any more and everybody rushes to sell before the price drops.  I predict there will be between one and five Bitcoin bubbles (price will double or more and then crash back down below the starting price) in the next four years .

So, is this the second 50% crash or am I missing one here?

Pirate intraday was about 50%, so I would say we currently have only one, from 2011.

Now, for this to really qualify as a crash, I would like to see a weekly red candle Smiley

As for -20% dips, this is the 6th in 35 days, so nothing new there.



7559  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: April 10, 2013, 10:34:12 PM
I will enter buy side at $50-$100, sell 10% (total) to strength between $200-$500.

I am hoping a stabilization for a few weeks/months at $100-$150.

Recently updated my 3-month forecast and the weighted avg target price was EUR 533. Despite all, it is a sickly strong buy.
7560  Bitcoin / Bitcoin Discussion / Re: Change default BTC currency display to mBTC on: April 10, 2013, 02:37:11 PM
I switched over last Friday. My customers feel that they get more bang for the €uro as they come with EUR 2,000 (the minimum) and receive 8,333 mBTC, instead of BTC8.3  Grin
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