Your barometer is now right  Maybe change the term "price" to "value" or "worth", best would be "bullish" for "price up" and "bearish" for "price down", since the price is not processed and it's more about the emotional state of the market (which is an information way more valuable than just the price)  |
|
|
|
So how many btc have to bought or sold to move the needle to either end?
It's the ratio during the period of time. |
|
|
|
... but in fact they trust Satoshi who probably can debase Bitcoins anytime. Im going to go anal: -bitcoin/bitcoins: is the currency and, as any other currency, you dont capitalize the first letter. -Bitcoin: is the name for the network, the protocol and even the software, therefore you capitalize the first letter. Note that you can not write "Bitcoins", you can only write "bitcoins" because only the currency can be plural and you never capitalize it. Oh my god. I love you. You speak the truth. Even though, wouldn't you say the Dollar for the currency as a whole? So saying Bitcoin when speaking about the currency is ok to my mind. Bitcoin is the currency as a whole, network, protocol, or software if you want. bitcoin is for 1 bitcoin. bitcoins is for 1+ bitcoins. |
|
|
|
In BFL we trust.  |
|
|
|
On /beta/ if you replace at the bottom "sold" by "bought", and "bought" by "sold" then the arrow is ok. Or at least change the color if you are the opposite side. Suggestion 1 : Add the title "State of the market" on top of the page Suggestion 2 : Rename "Price up" to "Bullish", "Stable" to "Equilibrium", & "Price down" to "Bearish" Suggestion 3 : Go from a barometer to a chart over time  |
|
|
|
|
So only speculation, for now.
|
|
|
|
|
Selling <=> Price going down <=> Lots of fulfilled bid order
Buying <=> Price going up <=> Lots of fulfilled ask order
That's how it is.
Edit: Isn't it?
Edit2: Yes it is.
When placing a bid order or an ask order you don't sell or buy anything, you just show that you *want* to sell or *want* to buy.
Or maybe we are just circling in round.
|
|
|
|
Hey apparently you inverse the two in the code: if (trade.trade_type == "bid") {
bid_Sum += parseFloat(trade.amount);
} else if (trade.trade_type == "ask") {
ask_Sum += parseFloat(trade.amount);
}$("#bought_Sum").text(bid_Sum.toFixed(2));
$("#sold_Sum").text(ask_Sum.toFixed(2)); From MtGow API: trade_type : Did this trade result from the execution of a bid or a ask?
So {"date" : 1368876871, "amount": 0.410579, "trade_type": "bid"}means that someone fulfilled a bid order = someone sold coins. |
|
|
|
I'm also quite new to this trading thing. What i think is this: Somebody places an ask order, someone else fills it -> coins got sold. Vice versa: Someone places a bid order, someone else fills it -> coins got bought. Thats how i understand this, to experts, am i right?  Other way around please. I place a bid order, someone fills it -> coins got sold. I place a sell order, someone fills it -> coins got bought. I wanna "buy" coins -> I fill a sell order -> coins got bought. I wanna "sell" coins -> I fill a bid order -> coins got sold. Don't confuse the two. |
|
|
|
|
Case 1: A thieve tries to steal fiat money online
1. He develops a widespread malware that tampers with lots of money processors and bank webpages, directly on the browser of the user's machine
2. Steals logins/passwords
3. Steals 2-fact codes and within the window of validity (from some seconds to some minutes) withdraws money
4. Issue: can't transmit the money to him directly or he will get caught
5. Even if he succeed to launders the money, the honest customer gets his money back from the bank and the money processors
Case 2: A thieve tries to steal bitcoins online
1. He develops a widespread malware that tampers with all the exchanges webpages, directly on the browser of the user's machine
2. Steals logins/passwords
3. Steals 2-fact codes and within the window of validity (from some seconds to some minutes) withdraws bitcoins
4. Profit
5. Honest user is screwed, must file a police alone
Only fix for the Bitcoin user is to secure its computer. No other choice.
This is my security problem, how do we solve this for lambda users?
|
|
|
|
I run a market making bot. It maintains orders on both sides of the book at 1.3% intervals. When my buy orders are filled, it places a sell 1.3% higher. When my sell orders are filled, it places a buy 1.3% lower. I lose out when it trends continuously, but it stabilizes price and I turn a profit when the bulls and bears duke it out. By keeping orders on the book, I help make it possible for companies like bitpay that need to accurately price and immediately convert bitcoins to USD and companies like bitinstant and coinbase that need to go the other way.
Good job man! If a bunch of people did this, bitcoin would be stable as a rock! I'm trying to be a market maker, too, just with a slightly different strategy. Best thing is, it's not charity! Market makers earn profits (buy low, sell high) as a reward for the service they do to the system (stability)! First things first, running a bot is not so easy with bitcoin - because of the volatility. The small % money you make by essentially getting a couple of points greater than inefficient traders (ie. making a few pips on the buy/sell spread) over a period of months can be ereased in 1 day if the price moves 40%. I think with bitcoin a bot is a very difficult way to make money and an easy way to loose. Not to say it cant be done, but dont be fooled into thinking it's easy. Now, since we're really talking about the volume here and why it's low? Low volume is a bear signal. Why? Because buyers drive markets. And buyers drive volume. I repeat - buyers drive markets, not sellers! It means, less people are putting money into bitcoin. Sure, less people are selling also, but sellers can only have one effect on the price, to move it downwards. If the lack of buyers (as evidenced by low volumes) continues, you're going to see holders of bitcoins becoming more and more nervous and eventually selling off coins, which will cause a price downtrend, which will equally bring more sellers to market. A low volume at this stage is a bear sign. Unless bitcoin can bring new money into the market, if low volumes continue we're going to see a continued downwards movement in the price. I took the time to post this message so you can know you are wrong. You forget a lots of variables in your analysis. |
|
|
|
Hello, Just wanted to share that Paypal just called me, and they asked if I did actually receive the BFL product I paid for back in August. I told them no, but I also told them not to worry because "the company is actually telling us they will ship soon".  |
|
|
|
|
Quick question: is it possible to mine with the stratum protocol through an http proxy?
|
|
|
|
I'd say the odds are 50/50.
Up/Down. |
|
|
|
I will look at litecoin when I have time. I see it is popular. It is not that much. Stability with ASICs + Stratum + uptime is more important. |
|
|
|
|
Hello,
I contacted you by email to change my withdraw address, I no longer own the current one (12q7dcMpU1bkzo3GTExkiu6vb6AMvzc2Zb).
I don't have much there, 0.31 BTC, but it's still a lot for me.
Could you change it to the one in my signature: 1LgRjArkFGHt5tyud78diNAepF2ZTPhsYT.
Thank you.
|
|
|
|
|
Lol, nobody wanna sell their bitcoins haha.
|
|
|
|
|
Try using stratum+tcp://us.ozco.in:3333
|
|
|
|
The profit of the new site can be distributed however the new users decide. We could donate to children in Africa so they can buy food.... But no, instead the new oweners simply decide that profits are used 50% to pay back frozen coins (this does not create any liability transfer) and the other 50% will go to investors according their aribrarily definable share. Using frozen coins as arbitrary shares also does not create any liabilities towards old debts, as shares are simply created by an agreement among these people.
According to my legal advisor that is fine, if someone has a different opinion please let me know ;-)
Who decide where the profit is going? The <users of the site>, or <the "investors" and the board>? I don't understand what's the difference between "old debts" and "frozen coins", could you please elaborate? Also what do you mean by not creating a "liability transfer"? PS: I'm Michael, the CS student who sent you a mail expressing interest in actively taking part in developing the site. |
|
|
|
|
Bitcoin is now 3-pixel wide.
|
|
|
|
|
Show Posts
