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321  Economy / Speculation / Re: Is this bad? on: April 09, 2013, 04:32:35 PM
you can't compare the two values. it just makes no sense. if you change the scale of one of the values, you get completely different results

Yes, this is two entirely arbitrary values, they don't relate to each other at all.
322  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: April 09, 2013, 04:30:59 PM
We really need to start pushing for the switch to mBTC. It will make things look a lot less scary  Cheesy
323  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: April 09, 2013, 03:59:21 PM
Uh, blockchained just shows that bids went straight up by 2mil and near 15mil total. WHAAAAAAAAAAT?

Holy F***.

I was just checking that. Shit is seriously about to get real.

Real's gonna change
324  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: April 09, 2013, 01:52:21 PM
Piper67 is like a 3 year old pointing and shouting bear, bear, BEAR!  Grin

What you don't get is: I made money, regardless of what the price does, that's what is important.

Like I said, ruffled.
325  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: April 09, 2013, 01:46:06 PM
Finally caught up to this thread. I'll admit I skipped a few pages.

So.....anyone have any advice on how not to become an asshole when you get rich?

Broad guess: Do it with hard work.

I would do the opposite, try to work as little as possible. I mean, nobody thinks The Dude is an asshole right?

http://dudeism.com/


I have no idea who you are talking about.

Either way if you gonna just claim the opposite I said, just check common sense first.

The dude...The Big Lebowski. 

So you gonna counter my argument with a movie character?  Roll Eyes

Not countering anything, I was just telling you who he was referring to

If bears had feathers, they'd be getting ruffled  Cheesy
326  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: April 09, 2013, 01:03:50 PM
I don't want to spoil the vibe guys, but I'm getting a bit nervous. It's been a while since proudhon called the top.

He's doing it on other threads. Nothing to worry about  Cheesy
327  Bitcoin / Press / Re: Bitcoin on Danish national radio on: April 09, 2013, 12:16:14 PM
Ooooh, someone's tempting the wrath of kiba  Cheesy
328  Economy / Speculation / Re: We've hit $200. Don't sell too much... The bitcoin price is about to EXPLODE!!! on: April 09, 2013, 11:57:50 AM
Much agreed! Only 13,000 BTC to $300! We could hit it today!

13,000 to $300 is not the same as $13000 to $200, or $100, or $50, etc...

Come on, Proud, you're going cryptic on us! Tell us how you really feel... please do, we need the next surge up to 400  Grin
329  Other / Off-topic / Re: Bitcoin 410 richest addresses, updated often. on: April 09, 2013, 11:50:28 AM
So the richest BTC person is worth $22M?

Not necessarily. The richest BTC wallet is, but the richest person could own several wallets.
330  Economy / Speculation / Re: We've hit $200. Don't sell too much... The bitcoin price is about to EXPLODE!!! on: April 09, 2013, 11:49:46 AM
Now that's the kind of sentiment that prevails right before the bubble bursts. Every time.

Oh, that must mean that a) it's a bubble and b) it's about to pop. Sell, everyone, sell sell sell.
331  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: April 09, 2013, 11:34:44 AM
We are part of history gentlemen. I'm sure this thread will one day be sold at the better local bookshop.
Are you saying you are sure we are the new wealthy elite?  Smiley

He's pretty confident  Grin
332  Economy / Speculation / Re: Calling the next flat week between $95 and $99 on: April 08, 2013, 07:49:21 PM
The real reason the price went flat before was because Mt.Gox's servers were dying. The software glitches stalled the speculative bubble. It was a blessing in disguise.

Anti-fragile. This is pretty awesome. Not only do MtGox's failings cool the bubbling up, they also help to decentralize the exchange economy.

I am calling a flattening out between $195 and $199 for about a week followed by a break through $200 and beyond. Smiley

Somehow I doubt it. Fiat pressure is building in Gox, and we're looking at Tuesday, Wednesday and Thursday. I wouldn't mind it all that much, but somehow I doubt we'll stay under 200 for long.
333  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: April 08, 2013, 07:33:06 PM
I know they are shady as fuck, but I can't see any difference to other exchanges either.  When it comes to incompetence gox is on par, they are just bigger.

I don't think GOX are incompetent, just overloaded like crazy.

How would you handle it if you got 15k more customers overnight? You don't have time to upgrade, you don't have time to train staff.


they HAVE had time, that is my complaint.

They had time to setup for the 10k extra customers they expected but 25k turned up. This thing exploded faster than GOX could have predicted.

I'm no GOX fan. I'd like to see a legitimate(!) bank or forex trading site start a BitCoin exchange. At least you know those people have some experience with financial systems.


The legitimate banks and forex would have to be idiots not to be looking into Bitcoin right now.
334  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: April 08, 2013, 07:13:13 PM
Virtex is at $200, Bitstamp hit $198 earlier. Starting to be annoyed at Gox being so far behind all the time because of the manipulation...

It's a good thing. Hopefully more people will get annoyed, like you, and move to other exchanges. It will be a lot harder to manipulate things when the exchange is distributed.
335  Economy / Speculation / Re: Why bitcoin is worth $1 Trillion on: April 08, 2013, 06:53:02 PM
...you can lock with a secret inside your brain, where no bank, government, or anyone else can take it.

This. Encrypted money. This is why Bitcoin is worth a trillion dollars.


Exactly.

It's actually encrypted money that can be sent over the internet at ridiculously low cost.

It's also a great store of value, in that it's scarce, with a predictable and honest rate of creation.

It's also a payment processor, far more honest and efficient than anything Western Union, PayPal or any of the others have offered us so far.

If it achieves just one percent of its potential in any of these three areas (or one third of one percent in all three) it will already be worth more than 1 trillion dollars.
336  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: April 08, 2013, 06:40:43 PM
Virtex is up at $200  Cheesy
337  Economy / Speculation / Re: Pop! on: April 08, 2013, 04:53:15 PM
The bids side has lost about $2m in the past few days.  The asks have significantly increased.  I'd say we're witnessing the reversal.

Yeah, or we're witnessing a weekend  Grin
338  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: April 08, 2013, 04:52:08 PM
Damn. We crashed all the way down to 85% above the price a week ago today  Grin
339  Bitcoin / Press / Re: 2013-04-08 The Telegraph (India) - Virtual currency Bitcoin a hit on: April 08, 2013, 02:13:36 PM

And, more importantly, in India!!! Nice going.
340  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: April 08, 2013, 01:18:42 PM
Is MtGox lagging again?
A little bit, hamsters out of wheel  Tongue (time in CEST)


Must. Feed. Hamster.
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