For small transactions, you actually don't need to wait for confirmations because chances someone will do a double spend for a chocolate bar are pretty small and if they would succeed it isn't a huge loss.
yeah... just wait for a double-spend app in google play.. satoshi solved the double-spend problem in a distributed network and you guys don't think that confirmations are important?  Imagine this: - you install easy double-spend in your smartphone - you send 0.0001btc to a "community wallet" address - other people around the world using the same app do the same - when it reach 0.01btc an alert is broadcasted with the private key so everybody spend at the same time the 0.01btc - everybody gets a chocolate bar for 1 cent, and easy double-spend keeps a commission  |
|
|
|
The real value of a one US dollar bill: 6 cents
The real value of a credit card: 75 cents
The real value of a new bitcoin block: priceless |
|
|
|
In case anyone has missed it: this thread was referring to now old news. The latest news imply the opposite: coinlab has filed a lawsuit against Gox.Am I to take it that the OP prediction is now to be reversed?  Not only this, but the elite circlejerk known as Bitcoin Foundation KNEW ABOUT THIS IN ADVANCE and are responsible for the recent unloading of coins in anticipation of the crash after this news. Insider trading at its finest. |
|
|
|
wow I can't even read this thread: I'd already ignored everyone here |
|
|
|
hah I just can say one thing: make some coffee because we are going to have a wild night  |
|
|
|
Well, yes but what can we do about it?
We can all sell our Bitcoins and run for the hills...? You first |
|
|
|
mtgox.com does work for me, and then i get the green security bar aswell. So www.mtgox.com probally directs you to a phishing website. No, the certificate was signed only for mtgox.com (and not www.mtgox.com), that's why you get that warning. typing mtgox .com doesn't work either. First time I've seen the correct website name might lead to a phishing site. It was working for me. |
|
|
|
mtgox.com does work for me, and then i get the green security bar aswell. So www.mtgox.com probally directs you to a phishing website. No, the certificate was signed only for mtgox.com (and not www.mtgox.com), that's why you get that warning. |
|
|
|
 TECHNICAL ANALYSISSo, looks like I'm a TA expert now.. I will start a blog!  |
|
|
|
Is Bitcoin really catching on in Argentina, or is it Cyprus all over again?
bitcoin was on the media for two weeks; but it's still really difficult to get bitcoins here (except for localbitcoin), you need a special permission for international bank transfers... and you also need a permission to buy foreign currencies. |
|
|
|
TECHNICAL ANALYSIS
|
|
|
|
oh lol i just realized you call "support and resistance" to the last one... (btw dont hate my for that draw, is just a joke ) |
|
|
|
Let's start again: A method of evaluating securities by analyzing statistics generated by market activity, such as past prices and volume. Technical analysts do not attempt to measure a security's intrinsic value, but instead use charts and other tools to identify patterns that can suggest future activity. The first problem with TA is that there is no formal definition of any of the so-called "patterns", that's why it's so common to see people giving apologize for how they misread a chart. Even if something like a formal definition exist for a pattern there is no (real) empirical evidence that could suggest that it have some relevance in the future price. But never mind... let's say that there are "patterns" and also "evidence", you guys choose a different method for identify a patterns each time you start doing a new analysis, and that is because you are actually using intuition, not real pattern recognition. There are no "patterns" in the market, every single time is a different situation that can't be predicted using past values.   |
|
|
|
I used to work in computer vision r&d, specifically in real time pattern recognition. If you have enough information about some environment conditions you can tell the probability of a good match. Even when the probability is low you can use several frames and filtering to improve the recognition, since each frame (probably) saves some relation with the pasts frames... Maybe I'm misunderstanding something: please someone explain what is a "pattern" in TA and what method you use for recognize those patterns. @arepo: EMH does not imply that there is no way to have a better probability than just plain luck. (btw please excuse my english today, i've got the flu and i cant think well  ) |
|
|
|
So let's create a deterministic algorithm using TA so we can all be millionaires! (forget the efficient market hypothesis ) |
|
|
|
I can't understand why so many people here believes in technical analysis, it's ridiculous... you first put names to some "common patterns" that can be "misread" (lol), like double top/bottom, support levels, triangles, etc. Then using a vector graphics editor you put different lines all over the chart to show a "tendency". And if you are a pro you also have to include some similar historical "pattern" or even apply some calculus 101 in your analysis to support your affirmations. If you think you are doing well with TA (ie you are earning money) I must tell you that is not because your kabbalistic draws: maybe putting names on some segments of a chart makes you more confident about what your own intuition is already telling you, but this is just a placebo effect. Stop believing in your intricate fancy drawings. Believe in the power of your own brain and how it can discover complex patterns that can't be represented on a simple draw. The only reason for look at all those TA articles and threads on the net is simply due to some eventual self-fulfilling prophecy (but then good luck trying to figure out when most traders in the market are using TA ) |
|
|
|
|
Probably 1 + manipulation + mtgox lag/ddos/crash/bot abuse/etc.
|
|
|
|
|
Show Posts
