416BTC just dumped off on Stamp at $485.
and not a single f is given. Yep, and just a few seconds ago, a > 250 BTC buy to $597 on BFX. Bulls and bears fighting it out in this excruciating sideways action.... |
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I stopped watching The Simpsons back in like 1998 -- it's probably still on, haha -- but Seasons 2-7 or so are definitely up there. I'm a big Aqua Teen Hunger Force fan as well.  |
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If we would just start rallying up, that'd be great.
I'm getting sick of all the sideways (not)movement.
I think we all do. But it can't all be massive swings every day, all the time. Those indicators need time to recharge, and traders need time to question their fear/greed-driven moves.  |
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416BTC just dumped off on Stamp at $485. Pricing held pretty strong, as we stuck at $592 20 BTC strong bid holdin above 590$ 87 BTC strong bid holdin above 585$ Market definitely looks strong All depends on China, though. No one dares follow because Huobi didn't even flinch at that dump. And we all know once Huobi turns, it'll be a race to panic buy. |
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Obviously you can add more coins if you feel the time is right, but selling right now is selling yourself short.
Well, that all depends on whether we go up or down from here, eh? My money is on up...but I'm also long from $550 or so, so I've got some good cushion there. Kicking myself for not taking profit > $600. |
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The best possible solution: Stop cloud mining. Have you sat down and run the numbers for cost vs. hash vs. difficulty trend? Cex.io is horrible!
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Of course I don't trust exchanges. Look at bitcoin exchanges' histories, generally. Think about Gox. I spread my coins across 5 exchanges (3 BTC/USD, 2 BTC/alt), to keep from having my trading coins in one place. I know the floor could fall out at anytime.
Mtgox problems came out around June last year when people not able to get their fiat out. It didn't suddenly just go bust. People paying attention already use their cash to buy bitocoin to transfer out. The current batch of exchanges have more to lose than gain from stealing. Sure, Mt Gox problems started long before they went bust. I saw the warning signs and never sent coins there. But what you just said -- that could have applied to Mt Gox as well. I don't trust these exchanges for a second. |
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For those that do faucets: What is the average payout per faucet. And what do you generate in a day, or in a week? I'd be curious to know. Historically, any BTC you can get your hands on pays off pretty big.
+/- 300 Satoshi per hour on average, and even less it seems. 10 hours per day = 3000 Satoshi per faucet per day. 21 000 Satoshi per week. 84 000 per month. If you do 10 faucets 10 times a day for a month = 840 000 Satoshi's per month. {At current price = +/- $5 US per month} Well if the price of BTC doubled, the value of those Satoshi's would also have doubled, but it's still very little. Yes, then this is considerably worse than they were even a year ago. I had no idea the $ value of faucet payouts had fallen that much. I suppose they are all probably run now on ad revenue. |
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Blockchain.info wallets accessed via browser are still, as far as I know, vulnerable to Javascript exploits. It is highly recommended that you keep the majority of your coins on a desktop wallet, preferably in cold storage. |
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The USD swap demand at Bitfinex has been extremely high recently. People want to borrow $5 million or possibly even more.
I'm not sure if this is real demand, as it occasionally disappears without being fulfilled. Would people be crazy enough to try and influence the price of bitcoins by posting a fake swap demand wall? I doubt it. Also the Bitfinex swaps have been acting very strange with very short spikes in demand - probably due to people trying to influence the swap rate.
People who are already long are paying very high interest rates. They are trying to take out new swaps at lower rates, while keeping positions open. That is my suspicion. It's not new demand for new longs. |
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Could be no bubble coming. Could be that we'll fall to the $200s, $300s. Wouldn't surprise me. Either way, there's still so much money to be made in bitcoin. |
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i'm in it to get rich quick.   Haha me too. Here's to getting rich quick! You don't care about the socio-political implications of cryptocurrencies? Conceivably, one could be in it for the money -- or have gotten into it for the money -- and still support the future of crypto-currencies. I, for one, am trying to make some money as well. Of course, that's an important part of why I'm here too However, if you're here only for the money and you don't believe and don't care about the other implications of cryptocurrency, this would seem like a huge gamble. I feel safe in my investment only because I know that, if it fails for some reason, I will have been proud to have contributed to this system. (Though I know it won't fail because of all of the problems which it solves.) Well, I suppose it is a gamble -- it's a new asset class. There is little history here. But, if you are simply and investor/trader, one could look at the long term TA/price support and perhaps figure that there is a lot of money to be made here. |
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What Obama and company will not do is have this question asked:
"Of those that have lost their jobs and got ones back- how many have a job situation equal or better then what they originally lost."
Ding ding ding! People that once had solid middle class jobs with full benefits are now working shitty independent contractor jobs. It's not really the same thing. |
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i'm in it to get rich quick. Haha me too. Here's to getting rich quick! You don't care about the socio-political implications of cryptocurrencies? Conceivably, one could be in it for the money -- or have gotten into it for the money -- and still support the future of crypto-currencies. I, for one, am trying to make some money as well. |
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Of course I don't trust exchanges. Look at bitcoin exchanges' histories, generally. Think about Gox. I spread my coins across 5 exchanges (3 BTC/USD, 2 BTC/alt), to keep from having my trading coins in one place. I know the floor could fall out at anytime.
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For playing around with, I also suggest setting up a Blockchain.info wallet. But an online wallet should not be used for storing most of your coins. For that, I suggest using a desktop wallet like QT, Electrum or Multibit and keeping it offline. And back up your wallets! |
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It may work for a short while, but when you lose, you lose big. It's worth a shot for faucets and 'free' BTC, but certainly not to actually try to make some coins.
It's great for freerolls, like on PrimeDice. You can actually have a shot at running it up, withdrawing some profit, and letting the rest run. But it's a bit risky to do with your own money, IMO. |
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Signature renting does seem to require almost no effort. This is still better than visiting 50+ faucets a day and getting almost nothing.
Do faucets even still exist? I haven't seen anything about faucets in a long time, and I don't know if they are even worth it tbh. Also, not freebitco.in or whatever. They most certainly exist, but they are pretty much worthless. Had more free time during the last 2 days, I think I spent at least 5 hours a day browsing about 50 faucets. I've managed to accumulate 0.0002 BTC in Microwallet, 000006 BTC in BitChest, some really tiny amount in Coinbox and 0.0007 BTC in freebitco.in during about 2 months with a couple of daily spins. Okay, that answers my question. So they have gotten significantly worse -- not just based on bitcoin's rise against USD. Good to know. I guess the golden days of faucets are truly over.  |
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I have to agree, last time I looked it was higher than 40% {I think 46%} It would be counter productive to try to destroy the cow, that produce the milk. That is why, I think most miners, will do the right thing, and move to another pool, when 51% are reached. What are you going to mine, if what you are doing, is destroying your currency? {Well reputation anyways} The pro fiat people will have a field day, if this happens, and they would have another reason to bash BTC down.  But the answer is not simply moving to another (centralized) pool. Decentralized mining is possible, and there is no reason for such large segments of the mining economy to operate in this manner. |
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From a merchant standpoint, cash = no fees. From a consumer standpoint, some level of anonymity with purchases. And some business still take only cash, as ancient as it sounds. My favorite Thai restaurant is cash only. Yes. Cash is still the cheapest form of transaction for local exchange of good and service. Bitcoin is only good if you are doing small scale foreign purchase. The saving comes from for conversion and transfer fee. Large scale foreign purchases work as well -- very cheap (with bitcoin). But obviously, any company of scale could not operate in such manner, given that most overhead costs would need to be paid in fiat. |
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