Bitcoin Forum
June 25, 2016, 11:17:45 PM *
News: Latest stable version of Bitcoin Core: 0.12.1 [Torrent]
 
  Home Help Search Donate Login Register  
  Show Posts
Pages: « 1 ... 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 [58] 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 ... 381 »
1141  Economy / Speculation / Re: When will October's bubble burst? on: October 21, 2013, 03:17:46 PM
Whenever we get near 200 its like the ghost of the flash crash is up there lurking and creating this panicky crash energy where a whole bunch of asks show up and bids are hit hard and deep. This is twice that gox and btce have dropped 15 in the bat of an eye (bit stamp 10). I fear its only going to going to get worse as we go higher. And this is without any whales even capitulating. How do you guys handle this with your nerves or get any sleep? I've tried shorting these movements a few times only to lose tiny fractions of my position and waste an entire weekend. But the one time I don't bother will probably be when the whales finally capitulate.

This market historically has seen around 1000% per year increase.  Do you really think you're a good enough trader to beat 1000% a year?
1142  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: October 21, 2013, 03:14:42 PM
1. Ok
2. Out of Scope
3. Terribly inefficient Cheesy
4. I do want to see a vending machine that accepts bitcoin but still a pipe dream.
Use BIPS install IR reader on a vending machine give machine wifi == Woot

Regarding 3, how exactly is an ASIC any less efficient than any electric heater other than up front costs?  If energy is wasted that doesn't get converted to heat, where does that energy go?
1143  Economy / Speculation / Re: Analysis never ends on: October 21, 2013, 04:40:45 AM


makes sense right  Cry

OMG, I can see the future!
1144  Bitcoin / Bitcoin Discussion / Re: How you can get your first bitcoin? on: October 20, 2013, 09:57:19 PM
I got my first bitcoins from "bitcoin morpheus", but those were different times.
1145  Bitcoin / Bitcoin Discussion / Re: Bitcoin Issues that are Frightning on: October 20, 2013, 09:49:25 PM
1) The unregulated trading of BTC against Fiat Currencies
2) The BTC Price Increase vs. The actual volume  (MARKET DEPTH)
3) Mining Equipment all being sold on Pre-Order to Limited Liability Corporations
4) The Difficulty Level vs. The Parabolic BTC Price
5) The fact that bitcombubble.com/org/net have already been registered!

Anyone else can add to this list?


6) Statements made from people who know little to nothing about Bitcoin about why a particular element of Bitcoin or its community is "frightening."

It is their lack of knowledge that leads to the fear.
1146  Economy / Economics / Re: JPMorgan Chase goes Cyprus way on: October 20, 2013, 03:11:59 PM
I bought a car on a 20k loan, with 2013 money. Now in 2014 it takes a 40k loan to buy that same car. Sucks to be that guy buying the car at 40k, I only have to gather up half as much money to meet my loan demands, but that money is easier to come by.

What car doubled in price in just a year?

He's making the assumption the dollar might lose half its value in a year.

That's ridiculous.  Debt = dollar demand, and all "printing" (at least in the US system) is really issuance of more debt.  Good luck with your hyperinflation dreams.
1147  Economy / Economics / Re: JPMorgan Chase goes Cyprus way on: October 20, 2013, 02:53:59 PM
I bought a car on a 20k loan, with 2013 money. Now in 2014 it takes a 40k loan to buy that same car. Sucks to be that guy buying the car at 40k, I only have to gather up half as much money to meet my loan demands, but that money is easier to come by.

What car doubled in price in just a year?
1148  Economy / Speculation / Re: Call the top on: October 20, 2013, 02:35:39 PM

Im not joking, this might be the top (please don't use MtGox price). It's not going up any more Smiley.

1. Stamp surpassed 160 already.
2. When I sell in person for cash, my trading partners are happy to give me MtGox price.
1149  Economy / Speculation / Re: Wall Observer - China wall movement tracker on: October 20, 2013, 10:48:52 AM
The battle over 1000 yuan... who will win!?!
First there was the battle over 100USD.  Then the batle over 100EUR. Now it is the battle over 1000YUAN.  What next?

$200
1150  Economy / Economics / Re: How do people think using Mt. Gox is efficient? on: October 19, 2013, 11:34:11 PM

Idk, maybe because global oil trade is denominated primarily in USD?  Or because you live in one of the many countries where the dollar is more highly valued than the local currency.  Or because there is no volume in your local currency and dollars are the most fungible foreign currency? Or...

...or because you live in shithole slave colony which uses $$ on internal market. Ok, I got it.


Nope, belly of the beast.
1151  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: October 19, 2013, 11:24:49 PM
Whoa where did gox get 55K volume? I thought it was dying. Do bots just like collectively losing fees?

Just because some idiots run around screaming about it all the time doesn't mean it is dead.
1152  Economy / Service Discussion / Re: No problems withdrawing EUR or BTC from MtGox, so why do ppl say so? on: October 19, 2013, 07:48:56 PM
In the last days I have had no problems withdrawing EUR or BTC form MtGox. Why do so many say its a problem? I guess its US customers only, as I am in Scandinavia. Took s few days before my money was in my bank. I am happy.. ( did not sell a lot, just 50 BTC, as a test)

So I am a bit flabbergasted about the bad talk about MtGox, as I have never had any problems.
Yesterday I sent a good size larger than your 50btc to my wallet and it has yet to arrive. Apparently they were out of sync with the blockchain according to an IRC chat with Mark. Not sure why my tests of 0.1btc went through just fine though all to the same address as the bigger withdrawal.

Larger ones require manual approval.
1153  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: October 19, 2013, 07:27:37 PM
Status update? What is happening here? You can't move btc to gox or out?

I would guess that it is all synced up by now.
1154  Economy / Speculation / Re: $20-ish correction soon, then climb continues on: October 19, 2013, 06:47:30 PM
Log vs. Linear doesn't change the wave structure, but sometimes changing the axis can make it a little easier to recognize the structure.  For long term, there really isn't much option but log or percentage since otherwise everything before 8 months ago is flat on a linear scale.
1155  Economy / Speculation / Re: $20-ish correction soon, then climb continues on: October 19, 2013, 06:31:55 PM
Hmmm, could that be the long-awaited correction?

I doubt it. If it is, I'll be very disappointed. It came too soon, and was too small, to count as a legitimate correction, IMO.

That was A.  Soon we'll have the upmove for B, then C down.  C should extend 1.6 times as far as A.  But then again, this is bitcoin, so anything can happen.

Where were the upward waves? I just see one big upward movement, TBH.

The only charts that ever seem to move in elliot waves to me are traditional forex charts. Anything that is more news/speculation affected seems to just trend until some news happens, or just generally act ballistic like Bitcoin.

We have completed wave 5 off the $65 bottom.  This 5 wave structure, IMO, is wave 1 of the all time 5th wave.  Wave 1 ended at $32, 3 at $266, and we are starting wave 5.  After a decent correction, we will have wave 3 up that should be larger than wave 1.  This is, of course, only one possible scenario.  I can't predict the future.
1156  Economy / Speculation / Re: $20-ish correction soon, then climb continues on: October 19, 2013, 06:21:38 PM
Hmmm, could that be the long-awaited correction?

I doubt it. If it is, I'll be very disappointed. It came too soon, and was too small, to count as a legitimate correction, IMO.

That was A.  Soon we'll have the upmove for B, then C down.  C should extend 1.6 times as far as A.  But then again, this is bitcoin, so anything can happen.
1157  Economy / Speculation / Re: BITSTAMP eXchange wall Observer. second biggest and best exchange on: October 19, 2013, 05:36:58 PM
Stamp is an absolute madhouse of back and forth market orders right now:



I really need to port my bot over to work on stamp as well as gox.
1158  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: October 19, 2013, 05:12:06 PM
Also, I doubt they are using bitcoin-qt... I'm not sure where kazu got that from.

Quote
[22:33] <@MagicalTux> samson_: downloading new blocks as fast as bitcoind can

bitcoind != bitcoin-qt, but whatever.... also, just because they use bitcoind to handle the networking and blockchain doesn't mean that bitcoind has the only copy of the data and the only codepaths that can work with said data.

Actually they are the exact same thing. QT just contains what is effectively a GUI wrapper.

Since I am a programmer by trade, the difference seems pretty large to me, but I fully understand that under the hood they have the same engine.  But bitcoin-qt has a lot more code, and has a much larger attack surface.
What are you going to attack on Bitcoin-QT that you can't attack on Bitcoind? The connection to the Bitcoin network is by far the most vulnerable place in both, and they happen to run essentially the same code.

The GUI code....  Yes, networking absolutely demands the tightest security and cleanest code, but that's exactly why most vulnerabilities are found in less important code.  It does not have as much attention paid to it.  Once you can execute arbitrary code, you can do anything you want with the network code or wallet code.  Hopefully the user doesn't unlock their wallet Wink.
1159  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: October 19, 2013, 05:08:47 PM
That is a good example of a possible fallback they could implement, as I suggested.
Yes. I'm curious, though, how they manage to do that with an extended downtime on their node. Do they route all incoming deposits directly to cold storage or do they route incoming deposits to the hot wallet and only move some of it to cold storage when it gets too big?

I don't know how they route deposits and handle cold/hot wallet balances.  They should also be able to fall back to other methods for checking on deposits.  They know the addresses.  I don't know if they have the keys for deposit address though without bitcoind, so they might not be able to move the coins.  It would be interesting to see the details of their setup.  A lot could probably be gleaned by a thorough examination of the blockchain given some known deposit addresses and withdrawal origin addresses.
1160  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: October 19, 2013, 05:03:21 PM
Also, I doubt they are using bitcoin-qt... I'm not sure where kazu got that from.

Quote
[22:33] <@MagicalTux> samson_: downloading new blocks as fast as bitcoind can

bitcoind != bitcoin-qt, but whatever.... also, just because they use bitcoind to handle the networking and blockchain doesn't mean that bitcoind has the only copy of the data and the only codepaths that can work with said data.

Actually they are the exact same thing. QT just contains what is effectively a GUI wrapper.

Since I am a programmer by trade, the difference seems pretty large to me, but I fully understand that under the hood they have the same engine.  But bitcoin-qt has a lot more code, and has a much larger attack surface.
Pages: « 1 ... 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 [58] 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 ... 381 »
Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!