Every time on Mt Gox I sell my coins, the price starts going up. Every time on Mt Gox I buy coins, the price starts going down. Every single time.
what way you going next?  |
|
|
|
|
expect lots of these threads and posts as some people get there buy orders filled or just buy back in and hope it doesn't decline further.
|
|
|
|
What the hell is an "Iceberg order"?  Only part of the order is shown. can anyone place an iceberg order? is it an option when placing a normal order? |
|
|
|
|
wont that just attract bigger fish though? who don't worry about the cost of $1000 coins?
|
|
|
|
he secretly started a fractional reserve system, users don't need to know |
|
|
|
|
is it a set of tiny bot buy orders?, or sell's created and just left like that, so when average joe tries to buy he has to go through the 1000's of tiny orders on the way up,
or something else intended to clog the system for others so they can make a particular move, could you use a trick like that to buy or sell into a "fake" bid wall, before it was removed? the people putting up the fake walls would normally see the price approach it and so remove it, but now they are so far back in the action cue they wont remove it in time?
|
|
|
|
|
is there a limit on how much the difficulty cant drop in a single adjustment? sorry if it's been posted already.
|
|
|
|
well one of the things that has thus far prevented that, is how fast difficulty adjusts.
Solidcoin has been at parity with bitcoin and difficulty a few times, and when people leave the difficulty drops in 12 hours making it profitable again.
the twice daily difficulty readjustments was actually pretty smart and one of the better features of solid coins.
If you look at namecoin, their difficulty dropped a few weeks ago, and we all hopped onto namecoin for about 4 days, and the difficulty went up 400%.. now the diehards are mining at the higher difficulty and it isnt supposed to drop again until decemember 20th when me and others will probably dog pile it again and they will be stuck with the higher difficulty for another 3 months.. that is unless merged mining comes into play.
Solidcoin avoids all of that.
I agree the twice daily difficulty adjustments was created to keep the game going longer, but it still wont last forever, the miners, especially the big 20GH and up miners will try to keep it going as long as possible jumping on and off, they will hype it up also, but interest and price will fall eventually and each attempt to hop off and on will be less effective than the last, till eventually "feck it" back to btc, that's how it should go anyway maybe one day bitcoin will hit a genuine roadblock with a real need for new protocol, but we're not there yet and solid/ix coin or whatever with there insignificant and simple changes isn't it. thats why I call them scamcoins |
|
|
|
How is solidcoin different from bitcoin?
the main attraction of the alternate scamcoin chains is greed, to attract people wanting to be early adopters, which drives the price up, which can make it more profitable to mine and exchange for btc then just mining btc. which drives the difficulty up, eventually it will approach a balance with trading for bitcoin vs mining for bitcoin, when you see that coming get out, it may fall faster than you can react if you wait for the collapse to start. |
|
|
|
yes this definitely needed its own thread (is that enough?)  . hardly anyone here had heard of it, and were the bitcoin community ffs we need to get the word out about this. |
|
|
|
|
nobody pulled out, no fake bid walls, watched it live, was real selling through the 10-9.7 resistance all the way to low 9's
|
|
|
|
Move to alt currencies
so speculation is only for bitcoin speculation? thats kinda lame hehe, this is a bitcoin forum remember "Bitcoin Forum > Economy > Economics > Speculation" |
|
|
|
|
wtf is this market doing, I didn't expect a low volume crawl to 10 after the 9.7-10 support has gone.
|
|
|
|
|
it might, the trouble is the interest in the new scamcoin chains can go to 0 in a single day, the day it's not more profitable to mine and trade for btc, than mine for btc, just try to get out before the crash.
|
|
|
|
Gold is down, equities are stabilizing.
Bitcoin is heading south for the winter. I predict $9.50 by the end of the day.
Nice volume at Mtgox. Good to see bitcoin actually being used for something.
Gold was due for a hefty drop. Nothing surprising there except the price is still too high. Stocks.. well the economy is not exactly humming along in all sectors. To be expected. As for bitcoin, what I want to figure out is where I should buy back in. $9.50 does not appeal to me at all. $8.00 sounds better to me if I decided to buy back in or just transfer my USD out to do other things with it. Mining will quickly add more USD back in, in a couple of weeks. I'm ready for 7-8 again. random theory time! I had a similar theory when the rally pushed us to 12 the upper resistance, trying to get people to panic buy, since if it passed that range it could have went to 16 quicky, but it held, and the potential manipulator failed,(or not ) what if this is the reverse, the bot's 1000's of trades cueing everyone else's orders, was to glog things up to stop buyers, deliberately to get the price down close to a psychological barrier thinking people will panic sell, and he could accumulate at 10, and the market would go back up after, possibly causing people to think this is as cheap as they are going to get causing panic buying, maybe getting to 16's, somebody keeps putting buy's in at 10.01 ect in the 500 btc range, when they sell, he put's more back just a fraction over 10, but not adding to the 10 wall so keeping the fear going. professional traders don't mess about, it's not a game, our inexperienced traders in an unregulated market must be christmas every day for them just a theory remember |
|
|
|
In the last 12 hours its dropped a dollar. why would anyone want to hold when you can cash out at $10 and jump back in at $9 with some extra coinage.
I sense a little fear in that post when you sell your coins the perspective changes, you worry about the market shooting up rapidly, which it can do  good luck either way |
|
|
|
Interesting. There's a bot executing trades every 3 seconds or so. I noticed it doing it's thing and I wanted to see what would happen if I tried to execute a small trade while it was doing it's thing. So, I place a small sell on the order book about 5 minutes ago. It still has not executed. That's never been the case for me. Every order I've ever entered has executed within seconds of being placed, so I wonder if this bot's action is somehow preventing people from executing sell orders...
just sell orders? either way if a bot can clog up the system with 1000's of tiny orders queuing everyone else's, something has to be done, would a larger minimum trade amount fix it?, or at least expose the bot owner to more risk by attempting it, |
|
|
|
Beeeeep...
eh... |
|
|
|
It's pretty clear that nobody is buying bitcoins anymore. Anyone that's going to buy up a lot of coins right now to prove me wrong is just throwing away money.  The only reason the price is staying in place is because of a select few rich individuals that can absorb enough coins to counteract any attack. Nobody is selling because they see how much money is 'readily available' but that money would be used by now if it were intended to be used. S3052 I saw your post in the press hits thread about http://www.bitcoindeals.com that may one of the biggest things developed for bitcoin yet as far as getting mainstream attention it's the ultimate answer to the question "but what can you buy with them?" I don't understand why it's not being seen as the big deal that it is, if it's 50% of what it claims it's almost up there with silk road for headline worthiness. does it have it's own thread? |
|
|
|
|
Show Posts
