Lets say the ask price right now is 3.20 right now, but I only want to buy if the price jumps to 3.5. How can I place an order to do that? If I try to buy at 3.5 now it fills at 3.2 right away. Thanks
Advanced Placement-> Order Type = Stop -> Price = 3.5 Put in your amount, click buy |
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Market reversing now, get out now, buy back at 2.9
I see one more run up where we decide if it's a double top or we want to go further. This dip to 3.17 has given a little breathing room before the decision will be played out. |
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So fastandfurious, what's the market going to do from here?
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Invest in a new exchange. You'll make way more than you will trading on mtgox and you can address some of these issues.
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Scott Charney, Microsoft Vice President of Trustworthy Computing has the opposite vision. The secure Internet of the future will require Trusted (Intel) hardware and (Microsoft) software for doing such things as voting or e-mailing aunt Tille. Nah, identity will be a peripheral. |
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This is easily refuted: Almost anybody can purchase and manufacturer computing power capable of producing Bitcoin, given proper market incentive. Bitcoin-capable hardware, whether it be GPUs or otherwise, will not be regulated and limited by states any time soon. In turn, people outside of government and banking cartels can still sell currency anonymously without requiring valid identification.
Since about 1996, the powers that be have been trying to suppress the general-purpose computer. That was when The Internet+MP3 files+napster were revolutionizing music distribution. World governments got together and wrote updated Copyright and Perfomance and Phonograms treaties. More recently world leaders aggreed to the Anti-Counterfieting Trade Agreement that was negotiated in secret. The point is the general purpose computer is being phased out. Windows Vista was a major step in that direction with the Protected Media Path. When Vista was first released, no drivers worked proverly because manufacturerers were required by contract to make the drivers hard to debug (to prevent reverse-engineering by the end-user). Windows 8 will continue the phase-out by requiring hardware support for Secure Boot for logo certification. Whether the big computer companies lock out GNU/Linux remains to be seen. The point is that after 15 years of pressure, your computer now works against you if it suspects you are guilty of copyright infingement. Do you really think world governments will hesitate to try to have computers computing consoles automatically block bitcoin by 2026? Once the pressure increases more and more people will slip through their fingers unless they stop Linux and all the BSDs and all the various pet project operating systems. The future is a drastic move away from the present software monoculture. The sooner we embrace this future by operating on common protocols and formats the sooner we can ensure the freedom of the internet. At present, the ubiquity of certain configurations allow those configurations to be attacked to great effect. This is what gives the Telecom's argument of needing to protect the network teeth. The sooner we diversify to different software systems and different architectures the better. |
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Basically it would be like adding a MtGox to your Bitcoin client, instead of having to go an exchange on the web.
I think you might be confusing this stock exchange idea with the idea of a distributed currency exchange which is discussed more often. I believe the goal here is to develop a distributed generalization of the blockchain that can be used for pretty much any asset. A distributed currency exchange may be a special case of a distributed stock exchange but I still think one should keep the trading logic out of this first version and focus on the problem of allowing users to issue assets like shares of stock, bonds, options and to be able to transfer ownership to other users of the system. Sure... people can then operate web based or other exchanges that do matchmaking and gather orders for a small fee. It would be nice if individual nodes could optionally hold a queryable order book. |
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I think it's probably choking when it tries to send out 2000 orders over 250 different connections within 10 seconds.
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And minutes later, we're right back to PI.
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I wonder if the selloff has anything to do with the fact that mtgoxlive isn't working at the moment.
I watched it fall, then mtgoxlive went out. |
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I'm not sure it's worth $5,000 to market to Justin Bieber fans... Her songs aren't even that good!
lol |
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The price may have moved a little more, but this surge to 3.20 was half the volume of the jump from 3-3.13 a few hours ago.
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Keep up the good work Roman. From a trader's perspective I think bitfloor has the best exchange technology. It would be cool if some of the other guys took a look at it.
I would like to, but the bitcoin deposit address just says [pending]... |
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Let's put this in clearer English! I hate it when google translate's crappy output makes me read more slowly.  Section 6. Recommendations 1. The government and central bank should acknowledge the existence of Bitcoin and deal with it proactively. Using the top-notch supercomputers at its disposal and using state power to ensure a monopoly on mining power, the central bank could acquire the vast majority of bitcoins. 2. The central bank should set up a Bitcoin bank and an official Bitcoin exchange and become the middleman in Chinese Bitcoin transactions to eliminate Bitcoin's relative anonymity and ensure that Bitcoin commerce can be regulated. 3. The government should push for international acceptance of a Bitcoin-backed currency, establishing a non-sovereign monetary system, to challenge the supremacy of the US dollar and to make the international financial system more harmonious and stable. Thanks for the clarification. So they want to become the largest miner and control the bitcoin exchange/banking industry within China to deanonymize it. This precedent may be followed by other countries, and we'll quickly come to a vastly more traceable system than we have today. Sure, current bitcoiners all get rich, but the governments won't hurt one bit. Yes, there will be winners and losers in the bitrush, but in the end we've just delivered them exactly what they've been looking for. They just don't know it yet. |
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Just a little nudge over 3.2, and I suspect we'll coast to 4.
Just a touch under 2.9 and I suspect we'll bounce off 2.4 |
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Courtesy of Google translate: Six recommendations
1 Governments and central banks should face the existence of bit money, take the initiative, the use of the country's massive computing power, suppression of private mining power, the vast majority of money concentrated in the hands of the state bits.
(2) of setting up a bit coin banks, currency trading in the implementation of the middle bit body to eliminate the anonymity that it can be regulated.
3 bits of currency-based international joint issue credit currency, thus contributing to the establishment of non-sovereign monetary system. With this new international settlement currency to challenge the U.S. hegemony, the international financial system more harmonious and stable.
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The challenge of bitcoin is to evolve it into a scalable, robust, fault tolerent, decentralized, efficient and secure system  GIT belongs in the "secure" category. GIT belongs in the "scalable" category. GIT belongs in the "decentralized" category. Etc... So already three reasons to support GIT, ideally if anyone can run a GIT server and the client can pass around the latest HEAD hash. Some people would just use GIT to pull from a trusted source, others would retrieve the block via the bitcoin network. ^ That idea could probably be better than bittorrent because it immediately allows the blocks which were downloaded to be checked for validity. FTFY Seriously though, I'd like to see more variety in block chain storage and transmission. I'm sure what we have now will prove to be quite primitive compared to how it will be handled in 5 years. Of course, even simple a round-robin with parallel connections would be a great improvement. You can't download a git repo from multiple peers in parallel though. Interesting idea though. Sure you can. GIT-supported transfer protocols allow requests for individual objects. So once you have the list of objects you can request each object from a different repository. This will add a lot more overhead than grabbing all objects at once though. This shouldn't be too big of an issue because with most protocols you can easily ask for ranges of objects or a subtree of the object tree. |
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Back on topic: Hello, everyone. My name is Phinnaeus Gage and I live in Japan. Only kidding! I live in the US and my moniker is a pseudonym. Reason being: I want to remain...wait for it...anonymous. Yes, I enjoy injecting humor in my posts.
For the past 3 days, I've spent hours reading the messages on this forum. Yesterday, I spent eight hours reading everything @Allinvain wrote. I'm not a reporter of any kind, but wanted to see if I could help solve the missing bitcoins mystery. More on that in later posts after I past the newbie status.
I'm not a troll in any sense of the word.
My main objective is to start another "bitcoin only" commerce site, hence the joining of this forum. I won't be seeking suggestions, or the like, and will only share the site once it's up and running.
What I've enjoy about reading this forum is how the members, for the most part, have a high command of the English language. Thank you for that. I hope my contributations pass muster.
In closing, soon they'll may be an Onion headline that'll read: Chinese Prisoners Forced to Mine Bitcoins
Is this it? |
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