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This is only for 7 days so it isn't that interesting. I'll post the one for 30 days later. | Total | Percent | Max Gain | Max Loss | | Sunday | 24.54784 | 15.3948517706949 | 5.44999000000001 | -4.90000000000001 | | Monday | 24.05218 | 12.8296068751752 | 7 | -10.81 | | Tuesday | 42.04 | 19.3084547448499 | 10.881 | -3.87100000000001 | | Wednesday | -67.18999 | -48.4400099159623 | 54.89 | -38.89 | | Thursday | -56.70002 | -49.0732739222904 | 13.109 | -35.25 | | Friday | 6.00001 | -1.53202344963444 | 13.4 | -17.59999 | | Saturday | 1.24999 | 0.863068416275368 | 1.23999000000001 | -0.500010000000003 |
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Go analyze their lag time its more complex: CURRENTLY 17 minutes and forever increasing..
AFAIK I would have to gather this data myself. I don't think they provide historical lag data. |
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Since I like playing with numbers, here is some data I put together using the Mt. Gox API. I looked at the first trade of every hour and compared it to the previous hour. Then for each hour of the day I added that to the hours total. So if everyday at 1AM CST you bought coin and sold it back at 2AM CST, over the week you would have made $10.10. I wouldn't recommend using this to try to make money, but I'm interested in feedback. I already realized it is a little confusing because at first glance you might think over the 2:00 hour it went up 10, but that actually happened from 1AM-2AM. Hours in CST. 0 is midnight. Enjoy. | Hour | Total | Max Gain | Max Loss | | 0 | 0.652200000000022 | 2.63217 | -3.38998999999998 | | 1 | -9.59388999999996 | 3.70000999999999 | -17.59999 | | 2 | 10.1076099999999 | 5.79998000000001 | -0.195970000000017 | | 3 | -0.420729999999963 | 6.56999000000002 | -4.1131 | | 4 | -8.59320000000001 | 4.19980000000001 | -13.7 | | 5 | -3.84286999999999 | 13.87991 | -19.2 | | 6 | 0.65012000000003 | 7.60003 | -9.51000000000001 | | 7 | 17.84346 | 13.109 | -9.38951999999999 | | 8 | 11.75949 | 8.39952 | -16.759 | | 9 | -49.03894 | 1.90001000000001 | -35.25 | | 10 | 17.81302 | 8.68505000000002 | -3.51900999999999 | | 11 | -10.94309 | 12.40098 | -16.1 | | 12 | -12.26199 | 2.99000000000001 | -16 | | 13 | -22.03871 | 10.881 | -35.53171 | | 14 | -33.15812 | 3.8 | -34.46829 | | 15 | 2.65399000000001 | 10.99 | -15 | | 16 | 56.65748 | 54.89 | -1.78644 | | 17 | -23.01694 | 13.4 | -38.89 | | 18 | 0.365310000000008 | 8.8 | -3.41469999999998 | | 19 | 22.31429 | 16.48159 | -1.95741000000001 | | 20 | 26.25344 | 12.41841 | 0 | | 21 | -12.70428 | 1.90000000000001 | -9.83636000000001 | | 22 | 1.23339999999997 | 5.2 | -9.09711999999999 | | 23 | -8.19104000000002 | 7.73348999999999 | -13.00001 |
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Hours in CST. 0 is midnight. Enjoy. | Hour | Total | Max Gain | Max Loss | | 0 | 0.652200000000022 | 2.63217 | -3.38998999999998 | | 1 | -9.59388999999996 | 3.70000999999999 | -17.59999 | | 2 | 10.1076099999999 | 5.79998000000001 | -0.195970000000017 | | 3 | -0.420729999999963 | 6.56999000000002 | -4.1131 | | 4 | -8.59320000000001 | 4.19980000000001 | -13.7 | | 5 | -3.84286999999999 | 13.87991 | -19.2 | | 6 | 0.65012000000003 | 7.60003 | -9.51000000000001 | | 7 | 17.84346 | 13.109 | -9.38951999999999 | | 8 | 11.75949 | 8.39952 | -16.759 | | 9 | -49.03894 | 1.90001000000001 | -35.25 | | 10 | 17.81302 | 8.68505000000002 | -3.51900999999999 | | 11 | -10.94309 | 12.40098 | -16.1 | | 12 | -12.26199 | 2.99000000000001 | -16 | | 13 | -22.03871 | 10.881 | -35.53171 | | 14 | -33.15812 | 3.8 | -34.46829 | | 15 | 2.65399000000001 | 10.99 | -15 | | 16 | 56.65748 | 54.89 | -1.78644 | | 17 | -23.01694 | 13.4 | -38.89 | | 18 | 0.365310000000008 | 8.8 | -3.41469999999998 | | 19 | 22.31429 | 16.48159 | -1.95741000000001 | | 20 | 26.25344 | 12.41841 | 0 | | 21 | -12.70428 | 1.90000000000001 | -9.83636000000001 | | 22 | 1.23339999999997 | 5.2 | -9.09711999999999 | | 23 | -8.19104000000002 | 7.73348999999999 | -13.00001 |
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You wouldn't like the bitcointalk forum when it is angry.
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Are you a bitcoin miner who got cancer from fumes while mining bitcoins? Better call Saul 505-165-CALL.
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Seems ok to me. 2.5 btc is worth $184 right now.
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What causes the price to drop?
If many people sell at once the price will drop - is what I hear, but if people are selling, aren't people buying those same BTC?
If you look at Mt. Gox or VirCurEx then you will see there is a sell price and a buy price. The sell price is what people will buy them FROM you. The buy price is what it will cost FOR you to buy them. There is a gap between these two numbers. There is a limited number of coins at each price. So if the minimum buy price is $200 and I buy all the coins that were priced at $200, the price will go up to $201 (or whatever the lowest buy price is). If no one is buying at the $200 price, eventually someone will try to sell at a lower buy price. |
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What no one has been talking about is the floodgate of ASICs that are coming online very soon. Miners are going to produce a lot of coins soon. More coins in circulation means lower value. That will burst the bubble, allowing a new set of long-term (stabilizing) investors to get in at a lower price. When is BFL delivering? Crash to follow.
They will not mine more coins. The distribution of coins are already set. The effect will be that they will get a larger proportion of the coins, and that mining with GFC's will become absolete. What do you mean they will not mine more coins? What do you think the point of mining is? Bitcoins are a finite "resource," (is that what you mean by the distribution being already set?) but not all of them are in circulation today. Coins have to be mined before they are available (valuable). You can't buy a Porsche with unmined bitcoins. When production of coins increases, the value will decrease as people sell them for real money. The network tries to mine 2016 bitcoins per 2 weeks. If the 2016th block is mined before the end of 2 weeks, the difficulty will go up and it will be harder to mine. The network corrects itself. |
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Somebody correct me if I am wrong, but I think Litecoin CPU mining can be profitable.
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Came across a comic that I could modify to pretty perfectly cover the reaction to the last comic I posted.  |
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I understand the reasoning, but what a pain. Guess I got to "put in my time". Thanks for explaining.
Try the Konami code. |
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I really like those political/economic cartoons edited for crpytocurrencies. Here is my contribution.  |
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Err...maybe it should be Lytcoin? (lit-coin)
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I'm in for Lytecoin
Do u mean Litcoin? No I mean Lytecoin. If a Bitcoin spinoff is Bytecoin, a Litecoin spinoff should be Lytecoin. |
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That's like saying if you want to buy crack go to a crackhouse
Sorry I didn't know you were looking for a high scale, lives on the 102nd floor type of crack dealer. |
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