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461  Economy / Speculation / Re: Time to dump BTC now I say... on: January 16, 2014, 02:26:28 AM
Watch as it heads lower...

somebody getting nervous



Traders don't chase or get nervous... we wait and let it come to us. There are deals coming by daily if not in BTC then in others.

By the way, this is not about me. I posted the chart here so others can benefit from some information technicals can give us...If you think its bogus, please go your way because I am not trying to prove any point.

I just hope this thread gives some lead towards charts and indicators to viewers.
462  Economy / Economics / Re: [CHART] Correlation Between Bitcoin Price and Difficulty on: January 15, 2014, 01:12:47 AM
I mine....and I have grown to the point that I can't believe this is happening. Its quite profitable.



People always say this but never provide the numbers to back it up. Please show me how profitable it really is. How much did you pay for your equipment (in bitcoins)? What is your hash rate? How much have you mined so far?


I spent $65,000 (65 BTC) for a 60 GH/s single upgrade.
Technically back in September I only spent $700 based on the exchange rate, but you see the problem here right?

Mining is definitely not profitable.

Ok, why did you not buy the miner for $700 and mine a whole bunch of bitcoins which would be worth quite a bit today? At the end of the day, I think and I hope BTC will continue to rise in value.
463  Economy / Economics / Re: [CHART] Correlation Between Bitcoin Price and Difficulty on: January 15, 2014, 01:11:21 AM
I've thought about this also... I think the price of mining could be an anchor to the price of bitcoin.

Why would someone pay $10,000 or $20,000 for a single bitcoin if they can buy a mining rig for, say, $15,000 which will get them a bitcoin in, say 6 days. If a single bitcoin will really be worth $100,000 or so as some have claimed, wouldn't it be logical to think a mining rig for producing a bitcoin would have to be about the same price? And if that's true, how high would the difficulty be? How much power consumption are we talking about?

Am I missing something obvious?

That's the point people are missing. Also the flipside which is if it costs some bugger $1000 to mine a coin, he ain't gonna sell it for $100 either.
464  Bitcoin / Hardware / Re: CoinTerra Engineering Update: ASIC Bringup and Diagnostic Testing on: January 15, 2014, 01:08:18 AM
http://cointerra.com/careers/

currently seeking applicants. :


    Technical Support Specialist

    Principal Verification Engineer
 
   Foam cutter/ Boxer/ Shipper

Apply Now!





O M G, I so want to be the Foam Cutter, Boxer and Shipper....would be heaven to be among those precious miners. :-)
465  Economy / Trading Discussion / Re: Why Most Traders Will Fail, and How to Fix it on: January 15, 2014, 01:06:38 AM

for someone who's thinking of taking trading a bit more seriously, where would you suggest to get the best info? traditional market/forex books, webinars, etc? any tips for good classes?

I suggest you study indicators etc such as Bollinger Bands, MACD, CCD, Divergence etc. This will make it easier for you to choose ENTRY and EXIT points. There are many videos on YouTube demonstrating the same. Sooner or later, you will be able to design the indicator which falls within your own comfort.
466  Economy / Speculation / Re: Will it hit $1000 again? on: January 15, 2014, 12:57:24 AM
Expect $1500 btc's by mid January.

Oh really?
467  Economy / Speculation / Re: Time to dump BTC now I say... on: January 15, 2014, 12:55:55 AM
You can change the 'Time Period' and go for shorter period if want to trade on a daily chart or hourly chart. Below is a 5 day chart showing dips and rises.

http://bitcoincharts.com/charts/mtgoxUSD#rg5ztgSzbgBza1gWMAzm1g10za2gWMAzm2g25zxzi1gCCIzi2gMACDzv

Combining several charts gives a better perspective.
468  Economy / Speculation / Re: Time to dump BTC now I say... on: January 15, 2014, 12:50:42 AM
Watch as it heads lower...
469  Economy / Speculation / Re: Time to dump BTC now I say... on: January 14, 2014, 01:19:57 PM
I usually dump load at -100 such as on Dec 17 and pick up at a lower price....



You usually do? So you did dump at $100 per coin in October? How did "picking up lower" went for you that time? Or you are just making stuff up now, looking at how one indicator lined up well this one particular time?

"All this is not set hard in stone though.." is what I said. Just wanted to bring up some discussions about charts and technical analysis is all...
470  Economy / Speculation / Re: Time to dump BTC now I say... on: January 14, 2014, 01:04:50 AM
Sure thing, I will post here when I see the BUY indicator come up.
471  Economy / Speculation / Re: Time to dump BTC now I say... on: January 13, 2014, 11:11:25 PM
[qoute]pick up at a lower price....[/quote]

Buy back in when the line goes back over -100. Its not even below -100 yet so will have to wait to buy back in. Take a look at what happened around Dec 17th. Entry when it cuts below -100 and exit when goes over -100.

All this is not set hard in stone though..
472  Economy / Trading Discussion / Re: What is your behaviour during a decline in the market? on: January 13, 2014, 03:40:36 AM
I am just glad the price goes down so more miners don't join into the mining game and raise the difficulty levels...

I hope BTC falls to $200 so I can gather em up...
473  Economy / Trading Discussion / Re: Warning: Your Cryptsy estimated balance might be too high. on: January 13, 2014, 02:23:22 AM
You have to consider open trades at the rates you have set to sell them and not current market rates, then it will match up to that balance.

If you have no open trades, it should be accurate as per current market value.
474  Economy / Trading Discussion / Re: Why Most Traders Will Fail, and How to Fix it on: January 13, 2014, 02:16:22 AM
Quote
I don't think most traders fail because of lack of ability, but more likely lack of discipline.

Well, someone has to fail if someone else has to make money, right? ;-)
475  Economy / Trading Discussion / Re: WOW,I guess I'm not a newbi anymore so I have a question on: January 13, 2014, 02:13:57 AM
You may want to learn reading charts to perform technical analysis....read the news for fundamentals as well...

For example, learn about MACD, CCD, Divergence etc...and see what indicators work for your trading periods...

http://bitcoincharts.com/charts/mtgoxUSD#rg60ztgSzbgBza1gWMAzm1g10za2gWMAzm2g25zxzi1gCCIzi2gMACDzv

Basically, learning when to enter a trade and most importantly when to exit out of a trade...I usually enter in at +100 or -100 depending on direction and exit out at the same when the spike is over....

476  Economy / Speculation / Time to dump BTC now I say... on: January 13, 2014, 02:11:00 AM
http://bitcoincharts.com/charts/mtgoxUSD#rg60ztgSzbgBza1gWMAzm1g10za2gWMAzm2g25zxzi1gCCIzi2gMACDzv

Appears time to dump BTC at this time....

I usually dump load at -100 such as on Dec 17 and pick up at a lower price....

MACD about to go lower than EXP and a nice tight negative divergence about to start...
477  Bitcoin / Hardware / Re: CoinTerra Engineering Update: ASIC Bringup and Diagnostic Testing on: January 11, 2014, 03:37:04 PM
What happened to the December orders though? And January delivery?
478  Bitcoin / Bitcoin Technical Support / Re: Bitcoind crashed and no longer starts on: December 29, 2013, 06:18:45 AM
All of my clients don't work after upgrading to Windows 8.1 from Windows 8.

They start up and immediately give error saying "bitcoin-qt.exe has stopped working" and similarly "namecoin-qt.exe has stopped working" etc.

I have tried totally uninstalling and installing again after removing from both install folder and Apps\Roaming folders. Also tried to start with -reindex parameter but no luck. Tried as administrator as well.

Not sure what's up but all qt based apps don't work now on Windows 8.1.

Anyone have any suggestions please help me out!!

Thanks for your help~
479  Other / Beginners & Help / Re: What's your next trading move! Mine is... on: December 29, 2013, 02:20:52 AM
Its a good idea to drop at 850 or at least below 1000. Once it passes the 1000 psychological level, we never know what monkey cake fiasco levels Bitcoin will reach and selling would be a missed train...

Dumping at around 820-860 sounds like a swell idea at this point especially if you got on board originally at the sub $200 level anyways.
480  Economy / Economics / Re: [CHART] Correlation Between Bitcoin Price and Difficulty on: December 07, 2013, 03:48:08 AM
Quote
If you think that mining bitcoins is a cheaper way to get them, then I'll bet that you haven't looked at what's available and done the math. While it may be possible to buy mining equipment that will generate a profit, most people do not or can not.


I mine....and I have grown to the point that I can't believe this is happening. Its quite profitable.
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