Ok, done. In case anyone is wondering what on earth that storm of blocks was, a slightly optimized bitcoind with 9Gh of miners @ diff 0.0625.
How many blocks u get in that shot?
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Who ever said I needed to get your approval to explain anything.
Keep telling yourself those things.
Ooohhh, dramatic are we? I said no such thing, not to myself nor to you. What I said is: I asked a question, you answered "you are a stupid moronic knowitall" which is a valid point, but makes no attempt to answer the question asked in the first place. And how do you know I talk to myself? *looks around for the hidden cams* Now look who is misquoting. Someone has issues....
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I guess thread was a failure.
Price fell $2.50 since.
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Trying something, hold on to your hats.
Hat came off and stopped mining for the time being. =)
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Thanks for the crash course into day trading.
Do I sense a little irony there? I didn't mean to give you an 101 introduction to anything, I'm a coder not a trader and I just don't understand why the buying side of the trades keep getting ignored on these panic stricken posts all over the place. I HONESTLY need someone to explain that to me, and you're not the one with your reply, I'm afraid. Keep sending postcards, though, you may win someday! Who ever said I needed to get your approval to explain anything. Keep telling yourself those things.
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I just want you all to know, this "Bitcoin Black Tuesday" thing is nothing to worry about. The more coins you sell, the worse the economy is going to get. Please just calm down and hold your own. It's best for you, and best for the community. In my time typing this, the MT.GOX price has rise .30 USD. Remember the basic economy fact, supply and demand. By putting up all of your available BTC, you are driving funds up. Look at this as a great time for investment. Currently the Gox price is 6.57 6.57202 USD, which is higher than it was a year ago. Bitcoin is only a baby, we must feed and nurture it sell orders. You can't forget that the price is only relevant to miners. Investors should look at BTC as any stock/asset investment, meaning low means buy. The lower price of today is only relevant to miner's as it isn't as profitable to mine as it was yesterday, but that doesn't mean that tomorrow the value won't be $50 a coin. I will update the price as often as possible. Fixed it for you. Additional Fix.
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Some people only have one computer and that must suck. Fortunately I have multiple so I can use some of my alt-miners to do this safely.
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everyone please sell so I can buy mooooooor! Okay I'm selling at $30 per BTC...you game>?
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SR Dealer you think?
Perhaps. I still think mt. gox owner and employees should not be able to trad on their own exchange given they have inside info. But then again...unregulated.
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Would be nice if you could get MT4 to connect. MQL4 programming is the shiz when it comes to trading!
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Can anyone say "sold too late"? LOL P.S. It may rebound to $5.75 after hitting like $2.75 or so. It's just funny to see people try to panic sell their bitcoins at the last moment.
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Infinite Mount of Popcorn!
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I keep repeating myself, I know, but I still didn't get an answer that "computes"... People sell, panic abounds, prices are going down, people sell even more, price goes even further down, all of that is fine but... who is buying? Are we really that convinced that hitting almost 1M$ in volume on mtgox alone, it's just people SELLING? c'mon, if it was a panic driven bank run, all the buyers of have removed their bids, and that is far far away from the truth. Bid walls go back, but that sounds more like "I can use the panic sales momentum and increase my profit" than "bitcoins are worthless! let me do the intelligent thing and, huh, buy 10k$ of them at $4 instead of $5" I mean, c'mon, for every bitcoin sold there's a bitcoin bought, and I'm sure a bunch of them are from speculators that do swing trading, but again, to do swing trading you don't just buy bitcoins, you need to sell them, someone else has to buy them Thanks for the crash course into day trading.
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Yeah instead of cashing out your bitcoins guys just send em to the OP. He will definitely take them off of your hands.
What a stupid proposition for people to do if they believe bitcoin is over with.
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The fact that people have sold many of their namecoins and taken off their bid orders off of the bitparking exchange is proof enough that people are cashing out their bitcoins at an enormous rate.
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I tink my ISP is trying to contact me. hmmm
ISP: Sir are you mining GGcoins? Or maybe PornCoins? If so, sir we need you to stop because bitcoins are crashing! lol
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I sold most of my bitcoins today - this was a carefully considered decision as far as I am concerned. I now have dollars and can use them to buy bitcoins whenever I choose.
I'm glad I sold them all over a week ago when the price was 10.70 and 8.40.
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