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1501  Other / Meta / Re: forgot your password not working ? on: March 10, 2015, 09:12:03 AM
They should check all of their email accounts and in spam folders to see if they received the password reset email.  If they didn't then they should try again to reset it.
If they still don't get an email then try to get into the account using the possible passwords, assuming they either have them logged somewhere or have a set of passwords they use.

If that doesn't work, then it looks like they have lost the account and should start a new one, it's only really bad if they had positive trust or it was an high activity account.  
1502  Economy / Speculation / Re: When Will The Uptrend End on: March 10, 2015, 09:08:46 AM
Check it:
http://www.coindesk.com/price/

Earlier today, Bitcoin was at $289, and look at this now.
What do you think is the cause?

When will this uptrend end?
I think the cause is increased usage, coinbase being a regulated exchange and the ETF, if anything the rise has been far less than I expected.
I think the uptrend will continue up to $500 or so, it will be a slow rise though, no $100 rise days like in the last bubble.
1503  Economy / Economics / Re: A noob question. on: March 09, 2015, 07:35:59 PM
It will be a death knell for miners, unless the price is significantly higher than now.

It is good for the long term future of Bitcoin, as inflation will be immediately halved, making the current coins in circulation more valuable, but it is a known event, the market can price it in slowly over time, so no big change in price should be expected, in fact usually such events result in a move in the other direction as people buy the rumour and sell the fact.
1504  Economy / Speculation / Re: Effect of Ulbricht's 50,000 Btc Auction on: March 09, 2015, 07:13:13 PM
I doubt the winner bid will directly dump the price, must be the winner is understand about bitcoin. My guess is the winner will make the ladder order which sell little bit

The winner will probably hold because most likely he bought above market price and once bitcoin starts gaining traction there will be no reason to sold unless you are mentally deficient.
Why most likely above market rate? All we actually know, or have heard from a reliable source, its that a bid of $224 was not enough to win a lot, so the price was more than $224 for some of the lots.

The 30% over market price is an unconfirmed rumour, let's wait and see what is confirmed in the next few hours, the market reaction seems to be indicating that the buy price was over market value, but how much more is anyone's guess.
1505  Economy / Speculation / Re: $350 by Sunday on: March 09, 2015, 07:08:07 PM
I pinky swear.
Lets get over $300 and stay there, then we can start to think about $350... ok?
The trend over the last week or 2 has been clear as anything, there is a constant but slow flow of money into bitcoin, lets hope for a nice slow rise before the crowds catch a whiff.
1506  Economy / Trading Discussion / Re: Quick way to increase reputation? on: March 09, 2015, 02:34:01 PM
I'm trying to gain a reputation for trading e-currency and vouchers on this forum and a few others. I want to go first with verified members, but I will end up losing money instead of making it like I plan to. I aim to offer all the same services as most other verified traders; despite this, no one trusts me yet to make my first set of transactions unless I go first, yet verified traders will only stick to their own profitable rates so I don't end up making a profit from my endeavors.

Is there a way to speed up the verification process while still making a viable profit? I have already tried to offer my feedback on another site as leniency towards confidence in my trading ability. I somehow ended up with a -6 rating already due to a misinterpretation on my first post. ( https://bitcointalk.org/index.php?topic=981178.0 )

Sorry but reputation is just that.  Basically you will need your account to be Senior Member or above, and when newbies trade with you, you can ask them to send first, and not rip them off.  You will get positive trust left by them and soon enough you will be able to trade more often and will more established members of the board.

I have traded with people quite a few times, I have sent first and received first, but I have no reputation here.  It is a bit of a catch 22 with trust, I don't trust you so I won't trade with you so you can't gain trust!  Do you know anyone on the board personally, maybe they could vouch for you?
1507  Economy / Trading Discussion / Re: How to interpret this volume/price movement? on: March 09, 2015, 02:29:23 PM
It's hard to say.  It could be that long time holders have started to liquidate their holdings, meaning they give up and just want out of the market.  On this scale it wouldn't make too much of a downwards blip, and the price is pretty close to the low of the last few months.

It could also be that someone is accumulating, but if they are they are doing it very cleverly, the price is not moving up at all.

I would be inclined to say that big holders are selling out. Primecoin seemed like a great idea at the time, but now it is abused by networks and cloud miners making the normal home PC fairly worthless as a miner.
1508  Other / Beginners & Help / Re: New to mining things on: March 09, 2015, 02:03:14 PM

I also don't suggest you to start "mining" bitcoin, maybe you can try to "insta-mine" the new altcoins with GPU - CPU and sell them when they will reach a good value (during pump & dump).

Quote
Can you give me more info about insta-mine ? etc ? where to start and what i need ?
I think he means when a new Alt coin is released, start mining it immediately, like before almost anyone else.  The difficulty of decent alts changes very quickly, and usually the coin creator is mining from the first block, but you can still mine more blocks this way than would be possible later when far far more mining power comes online.

My rubbish PC has mined plenty of blocks of quark based Alts (before GPU mining started), but usually in the first 1h after launch, then people will good computers and the cloud miners start to pile in and ruin my fun!
1509  Other / Politics & Society / Re: Swiss pilots attempt first around-the-world solar flight on: March 09, 2015, 11:55:35 AM
A Swiss pilot has begun the first ever attempt to fly around the world in a plane propelled only by the sun.

André Borschberg and his compatriot Bertrand Piccard will take turns piloting the single seater Solar Impulse 2 for 21,747 miles (35,000km) over 12 legs, including gruelling five- to six-day stints across the Atlantic and Pacific oceans. The entire journey will take five months.

http://www.theguardian.com/environment/2015/mar/08/swiss-pilots-attempt-worlds-first-around-world-solar-flight

I saw a documentary about this yeesterday, it seems pretty pointless.  The pilot has been around the world in a hot air baloon before (also pointless) but sees this as a great step forward in solar powered flight, even though it can only carry two people, is incredibly slow and can't be scaled up.

Solar panels on planes seems like a good idea to help power some simple electronics on board, it won't even offer enough energy to really help fly a jet though. It's good advertising for Breitling though and good for the adverturers ego no doubt.
1510  Other / Politics & Society / Re: Poutine Publicly announced that Crimea was invaded by russian army on Russia1 TV on: March 09, 2015, 11:52:26 AM
Video from Russia1 TV ... of course this video do not exist ... and all inside are build and propaganda ....

http://www.liveleak.com/ll_embed?f=b9cd90bf4666

So now what will you explain to us ... Poutine lie inside this video too 'again' ??

I wait your proof as you like to just "insult" people ...


Russia would never do anything bad to get or keep control of a warm water port, that just isn't in their nature!
1511  Other / Politics & Society / Re: Price of Oil on: March 09, 2015, 10:32:06 AM
Crude oil is near it's 10 year low right now, I'd buy it!

Know that crude oil should always increase in the long term as long as two truths exist: 1) The world needs to use oil, and 2) Oil continues to be considered a finite resource.

I think you have a solid play here.
I agree that the world needs to use oil, I also think that they massively over-play the imporved efficiency of the west, it is minor!
I don't agree quite as much with the finite resource part, I mean it is obviously finite, but I think at a certain price there is enough oil that can be found to keep the world going for the next few hundred years.

Oil sands, deep see drilling and fracking are all pretty expensive and ofter don't give the same quality of oil as the traditional stuff, but there are billions and billions of barrels out there that could be brought to the surface for $200 a barrel or more.

The graph posted in the thread is interesting, supply and demand are about as far separated as has often been the case, makes me think a correction will occur.
1512  Economy / Economics / Re: US CPI and Europe already deflating on: March 09, 2015, 09:55:59 AM
I missed both of these since I pay attention to neither, but the US CPI and Europe are already deflating.

Europe continues to expand its yield flattening campaign while refusing to lower interest rates.

The US CPI has already started to deflate, and it leads the PCE, the Fed's measurement of inflation.

The PCE is already at 0.2%, probably one month from true deflation, so the US is probably already deflating.

Hearing Fed governors try to explain the rationality of raising rates while in a deflation will be very entertaining.

Oil at $50 and going down means deflation for the foreseeable future without lowered interest rates.

Has the Fed backed itself into a corner with QE since it's so overweight long term assets?  Can they even lower interest rates which would cause banks to demand back those long term assets, possibly causing the Fed to require a bailout from its losses?

The US and European central banks may only have offers that they have to refuse to prevent further deflation.

I'll give this to central banks: never a dull moment.

I am no economist, so I don't understand how printing so much money, which should lead to inflation being rampant, has led to deflation, but that is where we are now.

I tend to see the current deflation as a 'good' deflation, as it comes from reductions in energy prices, meaning that people have more money in their pockets, but it won't help countries that are in debt as their debt increases with deflation, making it even less manageable than it is now (it already isn't manageble!)
1513  Economy / Economics / Re: Cost of living under asset concentration on: March 09, 2015, 09:03:57 AM
If the currency deflates it gets weaker, which means prices of goods will inflate because the currency can no longer buy the same amount of goods and services.

Lower demand can deflate an asset but it isn't the only way for currency deflation to occur.

You mean that investment goods & services will become more nominally expensive, correct?  Yes, I agree, and this is a concern of mine, wholeheartedly.

Strangely, demand is robust.  The traders and producers have extreme overlap, yet they haven't seen fit to sell out or buy in.  They're content with the current market capitalization, it seems.  I have no explanation for the prices except that the Founding Accountholders are concentrated, so the market is naturally demanding far above average prices.

The Argus-Nemesis is designed to manage price instability, but these prices are extreme.  Quantitatively, this should be a formality, but outliers like these provoke a negative emotional response from me.

Statistically, price stability, assuming that the Argus-Nemesis manages price change in the world economy appropriately, should produce the lowest possible nominal rates with the highest possible real rates.  However, we have no mentionable financial structure to reference yet.  If required, I will throw off my anonymity to build it.  We have now entered into talks with local private investors for liability funding, but the local laws are not the most accomodative.  That phase may take longer than should be expected in the generalized developed world.

Needless to say, I take this very seriously, and these astronomical prices make me nervous.  I am concurrently reexamining Argus-Nemesis to be assured that it can manage these magnitudes.  I will provide updates to cost of living in this thread.

The price of good will rise as the currency devalues, but not the whole amount.  The Economist has the big mac index, this uses the cost of a big mac to show the cost of living in many countries.
It is obviously a bit crude, but it does also show that the prices of goods vary and have have to be taken into account when working out the cost of living and the strength/weakness of a currency.

I would be very surprised if a currency depreciated 50%, if prices rose 50%.  Local products should change in price far less, as should wages, only international products should change by the full 50%, but that would make the overall change far less than 50%. I believe this is exactly what is happening now in Ukraine.
1514  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 09, 2015, 08:57:53 AM
This market is splashed around too much by whales with their own motives to take too much stock in TA. Thankfully we have a professor with academic interest only to run regressions against the aftermath.

Now now, dont be so pessimistic about the market. It has been recovering already.

Pessimism is in the eye of the beholder. I thought my statement was rather neutral.


Generally, I am also of the opinion that the last few months have been a very slow recovery... and seemingly inching our way up.  Maybe it is going to take a few weeks to go above $300 and then thereafter, maybe it will take a few months to go above $400.... but generally seems like the trend is on its way to turning upward.. even if BTC prices may be somewhat flat for a while, such as one or two months or even longer.
I agree with that, I don't really feel any obligation to sell at the moment, I think all of the news has been good for quite some time now, the global economy isn't looking great and with currencies racing to the bottom (other than the USD), having money in Bitcoin seems pretty prudent at the moment, and I think more and more will agree with me, raising the price Smiley
1515  Economy / Speculation / Re: Who's making money off of alt coin arbitrage trading? on: March 09, 2015, 08:55:56 AM
The problem with alt coin trading is that you can't trade decent amounts in most coins.
If you have a minor coin on an exchange, you have to have major market moves to be able to realise a profit, otherwise lack of market depth means you move the market 5% or more by dumping 1BTC worth.

I am out of the alt coin game, but I used to mine and buy new coins, until new coins came around every few hours, it got ridiculous.
1516  Bitcoin / Bitcoin Discussion / Re: When did you get into BTC and why? on: March 08, 2015, 08:51:30 PM
I heard about it in the middle of 2013 and liked the sound of it immediately.
Like many newbies, I wanted to get involved with mining, but even then it was way past the point og being able to do anything on a normal PC, especially my rubbishy PC!  Soon enough I had a Mt. Gox account and deposited and bought my first bitcoin, even though they were much more expensive there than anywhere else, my first mistake!  I have invested them, bet them, traded them, bought alts and everything possible since then.

Nowadays I like to spend them in the real world when possible, otherwise I tend to sit on them and wait for more real world opportunities to open up.  I find most online chances to invest seem to work out to be scams, so I will wait for more common acceptance.
1517  Bitcoin / Bitcoin Discussion / Re: Yesterday I helped this Leeds cafe / cyrstal shop with a way to accept bitcoin on: March 08, 2015, 08:44:03 PM
Kudos to you for spreading the word and acceptance of bitcoin, i hope we see many more stories like this one in the future.
Also, i hope they will have some more customers trying out their new method of payment Smiley
If i ever get a chance ill definetly check it out, im allready preparing myself for bitcoin only journey !

cheers
I was very surprised at Christmas when I was in Newcastle and found no where in the entire city accepts bitcoin.
Make sure that this cafe is easily google-able for their ability to accept bitcoin, I think they will get quite a bit of trade based on that alone if it is clear online where locals can find them.

Nice work by the way
1518  Bitcoin / Bitcoin Discussion / Re: Bitcoin Value vs. The Dollar on: March 08, 2015, 08:40:41 PM
This is normal. Bitcoin is actually pretty stable for once. Hope it will keep this way since USD is very valuable right now.
The price is USD has been quite stable, but in € the price has been rising quite nicely.
It is an excellent currency hedge for those of us in the Eurozone, especially if dollar parity is around the corner.
1519  Economy / Gambling / Re: Bitcoin casinos are legal regardless of online gambling laws....? on: March 08, 2015, 08:37:06 PM
Some Bitcoin casinos are barring IP's from the USA while others say:
Bitcoin casinos are legal regardless of online gambling laws (Source = "available on request")

I know that years ago it was a grey area, and now....?
Has the USA made a clear legal ruling on gambling with BTC?
// Sorry if this is a duplicate thread.

I would be inclined to say the exact opposite!  Almost all bitcoin casinos are illegal and would be shut down down regulators, if they find them and have the will to either audit them or even look into them.

Just-Dice got shut down from having a bitcoin dice game and they are one of the big boys, I would assume most/all pop up casinos are unregulated.
1520  Economy / Economics / Re: Bitcoin is Becoming a Global Currency on: March 08, 2015, 07:40:14 PM
Certainly, bitcoin is becoming a world wide currency, and will grow bigger in the future. Half of the places I go now, all except bitcoin.  Wink I guess that's a good thing for us investors. BTC
A global currency, yes. A major global currency, unfortunately not, and it seems a long way off happening too..
There is a long list of countries that are being screwed over with negative interest rates and massively devalued currencies, people in these countries would have done very well getting their money into bitcoin a few months ago, but as can be seen by the low price, they aren't really doing that.

I guess price volatility is still too high, or upwards price volatility too low for people to be tempted in on mass.
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