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What about shipping date? Q1/Q2 is a bad joke, that's a 6 months time frame. They could ship in June and that's Q2.
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Anyone have any thoughts on what the 20nm will produce?
3TH 12.3BTC at the current price for Q1/Q2 2014 Q1/Q2 as a shipping date is a bad joke.. What does it means, that they could ship in January or in June? That's a 6 months time-frame. They should say in which month they ARE going to ship. |
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China isn't moving because the Chinese are asleep.
China is down -5.7% over 3 days. Also the arbitrage is closed, which means that west will have to raise the price to $1,000 by themselves. We are also more than 2x ahead of the long-term trend, which is a very extended position. Bid/ask charts are quite tilted towards the latter. Especially noteworthy is the lack of bids $700+ Volume is low. Ch00000000000000........EDIT: the last one is pronounced: "irrational exuberance is running rampant in the forum, expecting price to rise based on previous rise"We all know you are praying for cheaper coins, Risto - just try to keep it serious, right? There is a $5M wall on Gox at $800 - $12.2M till $700. That's 33% of the bids from $700 to the current price, that's a healthy depth. On Bitstamp the situation is pretty much the same - aprox. of 30% of the bids are placed between the current price and $700. So... That's a "lack of bids" in your book? Historically most of the bids have been placed from 0 to 50% of the price at a given moment. That's normal in BTC because everybody is trying to profit from the big volatility. Right now 75% of the bids are placed above 50% of the current price. The bid depth is looking bullish no matter what, my friend. |
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Gox people are afraid price isn't going lower like they hoped, so they have to buy back in like they are doing now. The majority didn't sell because they wanted cash, they sold because the rise was to fast and they thought they could buy back in lower. Before we see new money coming in the next weeks. Stamp people actually can cash out, so there is more resistance, that's why their price is lower and rises slower. This is the exchange to watch in my opinion. China still spooked, because they had a bigger correction and some minor bearish news ( CCTV ). They will catch up when they see new ATH's on american exchanges.
What was the minor bearish news about? About advising people that the price is unstable and it's not safe to invest too much in it during this time. This is extremely bullish. You know how this works, and never fails: 1) when everybody says "it is a bubble" (like now on mainstream media), its because it's not. 2) when the "pro" financial advisors say "do not invest, this is too risky" (as they are saying now), it means that you definitely have to buy and hold 3) when everybody says "it is a new paradigm, best investment ever", the its a bubble that it is about to pop 4) when "pro" financial advisors say "get in, it is a safe investment", then it is definitely the moment to GET OUT We are currently at points 1) and 2), the path to be followed is very clear.  |
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Rocket remains fueled. Very silly to sell now with intent of buying back.
Agreed. Sweet spot to secure some profits for those who bought at low double digits or single digits, bad spot for those hoping to buy back significantly lower. This train is headed to Alpha Centauri. Next stop, the moon. |
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Lies, No new money would use Gox. This is old fiat, with cobwebs on it from Gox's cellar. Cool story bro. New money still uses Gox because it has historically been the most reliable and trustworthy exchange. Big money gives zero fucks about Goxbucks, they just want fresh and juicy coins. |
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2TH for somewhere between (12 x 120v = 1440w) and (12 x 230v = 2760w) is not exactly a huge leap in efficiency. Slap bang in the middle of that range is 2100w You can have 2TH with 55nm Bitfury for 2300w  They quoted 0.7w/(GH/s) tho they were very conservative last time with their estimates. They didn't beat the 55nm Bitfury with the 28nm. Eventually this game will come down to power efficiency. I don't believe they are using real ASICs but instead FPGA HardCopy ASICs I'll only be interested if it's selling under $20,000 They are currently selling 550GH/s Jupiters for 5k, so I'd say that the 2TH machines NEED to be cheaper than $20k - its a no brainer. Do not forget that you will have to face a huge wait and the BTC/USD is very uncertain, as usual. I won't be in unless the 2TH machines cost $10k or less. |
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I asked for a withdrawal today, lets see how long it takes - I will report back.
Did you forget to report back, or is it really taking them four days and counting to confirm your withdrawal request? ...or were you going to post back here when the funds reach your bank account? I requested two withdrawals on the same day: - one was confirmed after a few hours, but the money still didn't hit my account - the other was quite big, and it seems it triggered some sort of alarm as they came back to me with a lot of questions as a KYC (know your customer) procedure. I duly answered everything, and they confirmed the withdrawal shortly after. This happened today, so no money in my account for this withdrawal neither. Both withdrawals just hit my account. |
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Poor bears!!  |
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Poor bears, the choo choo train is leaving the station and they were caught taking a dump, with their pants down.
Risto, did you finally bought back in? Can you give us the details for educational purposes?
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One person can move the market much more than 10%
Who? Satoshi? Last I thought was the "Satoshi" stash was around 1,070,000 Bitcoins. Loaded doesn't have 2-3 wallets ranging from 40,000 - 80,000 bitcoins. There wasn't just 200,000 coins shuffled for a few laughs. Estimated individuals holding more than 10,000 coins each is in the hundreds. Exchanges don't profit in both bitcoin and fiat and have no reason for either. A 10% market change right now would take ~2,500 coins but your right, Mr/Mrs/Ms Nakamoto must be the only person capable of such a feat. "Buy All The Bitcoins!" I just want the Satoshi handle to come back online in this forum and say "I told you so" and then disappear forever. Either that or move those 1,000,000 coins so everyone can stop and go "holy shit he is alive" and then let the frenzy begin. We will be at 10,000 by the end of the year. No one would be selling only buying. The founder lives! The mythical man exists. If Satoshi moves the coins, the price will (temporarily) take a dive. The market has (rightfully) not priced in a 100% possibility that Satoshi is still able to access his coins. The chance of him not being able to might be small, but even 1% of his holdings is 10k BTC, >8$M. This. Satoshi moves his coins, the price tanks. |
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Call it what you will, I'm "All In" with KNC, re-investing every bit that comes in as fast as it is possible here at KNC, but that's me... I fully agree with Winlevoss when they valuate BTC @ 40grand plus a coin within a couple years.... my numbers actually say much higher.
Then you're far better off simply buying BTC instead of a risky miner purchase. You're almost guaranteed to make a better return. You are probably right, but I love mining.... We also love pushing diff up too so we can keep earning less. Exactly. Pretty much a vicious circle, isn't it? |
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That's nothing. Back around Feburary I shorted a small fortune in bitcoins because I thought, "There's no way that Bitcoins could surge beyond $80 apiece in the next two weeks!"
I was wrong, and as a result lost a life-changing number of bitcoins. Had I not done that one wager, I would be able to retire and move to a warmer climate by now. And I'm not exaggerating.
Well, check this out ( http://np.reddit.com/r/Bitcoin/comments/1r88vl/need_advice_on_inheritance_arbitrage_family_etc/) and then we speak about pain and slaughter. Well, that guy obviously has a block with learning that there are some risks that some people can't manage. He needs to put that money into a CD or trust, and leave it for his sister. I lost a fortune, but I learned that I shouldn't be gambling with bitcoins like it was monopoly money. I thought we all agreed on something: one does not simply short bitcoins. Doesn't matter what you might agree about. It only matters what's possible. Someone's going to ingore your agreement. I just meant that shorting bitcoins seems extremely reckless given how BTC has behaved in his short history, I though you would have agreed since you've been into BTC since the days in which it was worth nothing. |
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And so much for all of that TA, all useless when on person can move a market 10%
Welcome to Bitcoin |
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I panicked a little earlier and have a sale of 0.44 BTC for 223.08 GBP pending on localbitcoins, fortunately the seller hasn't responded yet, I'm pleading for him to cancel ! I hope he does but hes under no obligation to do so. I was planning on buying back in at a lower price, thinking we might see the $600s again. The stability of the past 3 or 4 days has been making me really edgy for some reason though I'm very confident Bitcoin will go into quadruple digits next year but at the moment I think it's too soon. I'm imagining a lot of sell offs before christmas but at this rate who knows!
Well if this is the general sentiment it just means that we are going up and fast. |
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Big money wants in, don't be fooled by the big fish who patiently waits for cheaper coins.
This is no 2011, the stakes are much higher this time.
lots of coins were bought... but it means nothing still...there have bene small lifts off since Friday into Monday no after burn though. I will agree there was a lot of volume in that quick window.. but if its new money.. and this doesn't cause lift off.. imagine those weak hands.. with 850 coins After reading that catastrophic 750k inheritance disaster story on reddit,..where not only did he get raped on the initial asset sale.. he then goes and buys at 850.. sells at 500 or something.. either way lost about 75k in a trade. These kind of people see bitcoin and go herp derp I'll triple my money.. and then they try to day trade like there financial super stars. You will see more of the heard into Bitcoin, and they will just bring in liquidity. |
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That's nothing. Back around Feburary I shorted a small fortune in bitcoins because I thought, "There's no way that Bitcoins could surge beyond $80 apiece in the next two weeks!"
I was wrong, and as a result lost a life-changing number of bitcoins. Had I not done that one wager, I would be able to retire and move to a warmer climate by now. And I'm not exaggerating.
Well, check this out ( http://np.reddit.com/r/Bitcoin/comments/1r88vl/need_advice_on_inheritance_arbitrage_family_etc/) and then we speak about pain and slaughter. Well, that guy obviously has a block with learning that there are some risks that some people can't manage. He needs to put that money into a CD or trust, and leave it for his sister. I lost a fortune, but I learned that I shouldn't be gambling with bitcoins like it was monopoly money. I thought we all agreed on something: one does not simply short bitcoins. |
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Big money wants in, don't be fooled by the big fish who patiently waits for cheaper coins.
This is no 2011, the stakes are much higher this time.
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Poor bears, pockets full of fiat and heart full of pain, loneliness and despair. Pro tip: Coinseeker has historically been a counter indicator. |
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