Yes! This! this is without a doubt the most exciting feature about BTC which, unlike any of the other popular monetary alternatives (Gold & Silver), it is completely disconnected from the movements of the dollar! Amusingly, this is only possible because the mainstream financial system refuses to participate in funding BTC purchases, not allowing paypal, credit card purchases, etc. and forcing people to take the long way from USD->BTC. it is this difficulty that effectively insulates BTC from all the volitility and money printing and general bullshit that surrounds pretty much every single currency in the world BESIDES BTC.
It is quite exciting, says the man who loves his metals but hates his metals markets.
If bitcoin grows, it will evolve a market a lot like the metals market. That is simply how an efficient, well integrated market behaves. Bitcoin is only disconnected in its obscurity. |
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Where did you see this ad? I can't find it.
Also, what makes you think that CampBX placed the ad? It very well could have been someone else.
Hmm.. I should have taken a screenshot, I just keep getting the forex ad now. It was a text ad with two others, like google does. Why would someone else put in the ad? They don't have a referral system do they? EDIT: They do have a referral system. Unfortunately i did not check the link for a referral code. I will the next time I see it. |
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Over at bitcoincharts I noticed a campbx ad. Normally I run adblock, I'm not used to seeing ads, so forgive me if this is old news.
The ad stated:
"Bitcoin Market in USA - CampBX is the only legal Bitcoin market. Free trades till July 15!"
and it made me wonder. Where do they get the "data" that they are the only legal market? Legal how? A website selling goods or commodities wouldn't need any special permits, and would be quite legal. Not to mention, there are exchanges in a whole bunch of different countries. Have they researched everyone's legal system to determine the legal status of a bitcoin exchange. Since this would probably take many lawyers, many months to figure out, and probably require a court ruling in the end, I just don't see how they can claim that every other bitcoin exchange is illegal, even if they are just talking about in the US.
Don't get be wrong, I really hope CampBX takes off. This ad just seemed a little hyperbolic. Do they know something I don't? What argument would you use to justify their statement? is it justifiable?
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Ryan (bitoptionsupport),
I'm having trouble withdrawing. And word on fixing that?
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Bot have to be custom made or are useless.
What makes you say that? As I understand it, many wall street bots use the same formulas. And if the open source package was very customizable it could be tailored to your needs. I don't see the rational behind such a blanket statement. |
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I like the idea. Depending on the options and features that you would put into the bot, it could act to stabilize the currency.
Most likely, many people using a similar bot would destabilize it. If all the bots think "sell" or "buy" at once, the swings just get bigger. |
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bump
Why are you bumping your prediction failure? |
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Lets give him all day friday, just for laughs.
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Hmm... perhaps they are attaching a fee. Try 3.995.
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Has any one of you jokers noticed that the price line was completely flat during the last weekend (sat - mon) and then took a Big Dip during tuesday and wednesday ?
I think 90% of the people in this thread are greedy traders trying to instill panic in newbs so they sell out before the weekend and therefore crash the price so they can buy up cheap ! Which will probably work.
Just keep in mind anyone reading this thread - EVERYONE has their own interests, so trust no one ! (like Mel Gibson in "Conspiracy Theory")
Don't know what you call "flat" but it went from $16.80 to $15.50, then went down to $13.5 on monday (an extended weekend due to the 4th of july). |
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All well and good until the commissions grind you down. I faced the same problem playing poker. I could beat the players, but not the rake. I have some orders in on campbx.com with no fees charged currently. Low volume, but I'm not playing with much anyway.
0 commission at mt gox right now. Pretty good trading. Has made me a lot more active. |
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A Big Kahuna can absorb any dip except a stampede and has considerable ability to prevent a stampede. A giant bear could do the same in the other direction, but those have likely all cashed out already.
Black Friday was a Black Swan. Not much to be learned there except put in a huge order at $0.03/BTC. The market doesn't have to stay perfectly even for your BTFD play to backfire. It just has to drop less than you anticipate before heading back up for good.
By "black friday" I'm referring to the $30-$10 event, not the hackcrash. I am well aware that the position can move against me, that is how markets work. But I'm already $0.80/BTC up and the weekend hasn't even started. Normally I'd close my position here and rebuy (as long is my default position), but I'm going to try to leave it open for a bigger weekend swing. And I have closed 10%, which is enough to cover any minor losses if prices soar. All in all, good bet so far. You can't trade if you expect to win every time. You have to take the earnings with the losses and try to come out black. |
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That is awesome. Go exposure go.
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The price didn't drop the weekend all the way until right before the major gox incident happened. People were joking about how the weekend drop didn't happen.
What are you talking about? Black friday was the biggest weekend drop of all, and there are at least three, clear, weekend drops before that. The week right before black friday is one of the only exceptions in the last 6 weeks. |
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Quicktime? Can someone throw it up in a useable format? |
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Doesn't look like the address he listed at all. Yea, I know it doesn't look like it.... but it's the only unconfirmed 80 BTC transaction currently out there. Nah, that's not it. I forgot to mention that I can't see the transaction on my receiving wallet/address/computer at all, not even as 0/unconfirmed. I hope that's a good sign. Anyhow I'm rescanning the blockchain right now, will update here on any progress or failure. If the -rescan fails at first, move the wallet to a new client/computer/fresh install, and rescan there. |
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Since everybody who's been around for more than two weeks knows that the price usually dips on the weekends, anyone buying is likely to be new. So what happens if the price doesn't drop? Sell the rest of your coin and hope you can start a panic? What if that doesn't work? Buy in at a higher price to stay in the game? Quit? Wait possibly weeks or months for another entry point?
Patterns continue until they don't. If I was a big player and wanted in cheap, I'd start buying in small quantities on Friday and build an invisible bid wall just below spot, letting the suckers bet into the case hand.
I'd buy in higher. It is a gamble. I bet prices move down. If I lose, I lose a small percentage, if I win, I gain a mid-rage percentage. I just keep my stop loss low and I can't lose that much. Same thing as every time you make a trade. And why would you do that if you were a "big player". We are all trying to buy at the bottom, what makes you think this "big player" is going to do a better job then everyone else? |
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Doesn't look like the address he listed at all. |
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Even if every pool were DDOS'd and they all broke, permanently even, so what? It doesn't affect Bitcoin, pools are just a way to make mining give you money more immediately. (not faster, as there's a slight fee and theoretically the amount of time it takes you to get 50 BTC with a pool is the average amount of time it would have taken you to get a block by yourself)
Bitcoin doesn't rely on pools, pools rely on Bitcoin.
Well, statistically, at 1 gh/s, I will never hit a block mining, (assuming 30% difficulty increases forever). So a pool does pay me faster, because I should earn about 20 BTC from a pool in the next infinity (again, assuming constant 30% difficulty increases). |
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Please -rescan. And whatever you do, don't give up on it. The way bitcoin works is that it either exists at one address, or the other. There is no in between. It isn't at the address you sent it to, so it is still, as far as the network is concerned, at the original address. If you gave me your wallet, I could access those 80 BTC, and so can you.
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