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1281
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: June 20, 2014, 04:53:04 AM
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am I the only one who thinks the price will stay 580-620 until after the auction in order to have a "low" starting price for bidding?
There is no "starting price". Each bidder submits one sealed bid, for 1 to 10 lots of coins, and that is it. The USMS may cancel the auction at their discretion, presumably including if if they get only "joke" bids, but I haven't seen any explicit minimum price in their announcement. http://www.usmarshals.gov/assets/2014/bitcoins/I'm pretty sure the prof is accurate in his assessment of how it will go down. Still doesn't change the fact that this is a closed system where only the bid takers know the price of the big makers. such old-school black-box type operations. Transparency and Privacy, and all that grey area in between. |
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1282
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: June 20, 2014, 04:33:57 AM
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am I the only one who thinks the price will stay 580-620 until after the auction in order to have a "low" starting price for bidding? I'm surprised people aren't more bullish about the impending auction
I don't think the people bidding on this auction are the type who want to get involved in market manipulation, or not at least for this tiny amount of money. Also I don't think the amounts involved are big enough to warrant market manipulation. It might not even be profitable let alone worth the risk of committing a crime. personally, I think the people that have the wherewithal to make a winning bid on this auction have a longer-term view than the ones who are currently trading and making the market. I think the chance of these coins getting "flipped" on the exchanges after the auction are lower than the chances of the losing bidders buying back in at market prices. but that's just a complete guess. |
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1285
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: June 19, 2014, 03:03:28 AM
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I want to buy some cool silver coins with a few bits myself. but i'm going to wait for 17$ at least. I think 13.8 within 24 months is in the cards for silver, that will be the low... i wana buy on the low...
yeah, I don't know about 13.8 - I bought my fill at 20. though if it hits 15, I'm sure my appetite will return. |
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1286
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: June 19, 2014, 02:37:43 AM
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Silver in 2010 - 2011 had a mania phase, of course not as manic as bitcoin.  Had a wave A in 2011 - 2012, wave B in 2012, and now seems to be still in wave C (back to pre-bubble price). . his view of the s&p is utterly apocalyptic, more so every day. what a gloomy monkey! but, he is increasingly long btc now, after being short last week, which was a respectable call. intraday he thinks this is a good time to buy. i could wish he had not gotten so wishy-washy about USDJPY. i closed my short a missed a big move south. monkey wants oil to go down now on a daily basis, at least a week. emphasis mine I really hope the monkey is right about silver - unless wave 1 means down  - in which case I think that monkey deserves a spanking  seriously though, silver is looking like the only hedge I have against bitcoin. (and perhaps some monero on the side  |
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1287
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Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com
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on: June 18, 2014, 11:08:14 PM
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if only a single asic and pcb per box, then why a safety hazard?
I't basically the same as the 28nm was then
edit: oh, i see.. 2100 watts/5 is 420 per plug...ouch Double connectors (pci splitter)may be in order..... wonder how hot those leads will be
Molex rates those Minifit-JR plugs at 8A per conductor. Since there are three, the plug itself is rated to 24A. KNC intends for you to run at 45.8% above the manufacturer's rating. Any thoughts on what happens after running something like this 24/7 at 45.8% above its rated capacity? i'll give 'em a clue - you can roast marshmallows with it Those housings will not survive at those ratings and become brittle and then melt/burn out. I really hope that KnC can get the power down for these or it will be real interesting. I don't like it one bit. I bought a couple 1300 W PSU so now what? I run 3 off one and 2 from the other? can I do 2.5 on each??? (btw thanks for the PSU switches, they work great) follow up question, would I be able to run 4 modules from 1 of these?  http://www.hardocp.com/article/2014/02/13/antec_high_current_pro_platinum_1300w_psu_review/2 |
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1290
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: June 17, 2014, 11:35:28 PM
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Hubris, prof. Hubris.
I don't recal if I mentioned it here, but a few years ago Fiat Brasil switched to using cast iron instead of steel for the rear wheel hubs of some model. The hubs would fatigue-crack after some time, more likely when driving at high speed on highways. Several fatal accidents happened before the government forced Fiat to do a recall and replace those hubs. Once I met at lunch the prof from our Mechanical Engineering dept who wrote the report that pointed out the problem and eventually convinced the government to order the recall. It was not a easy struggle to overcome the Fiat lobbyists and lawyers, and I don't think that he got more than his expenses refunded. That prof saved lives, perhaps hundreds of them. I will feel good if I can save the economies of a few people from the types of Mark Karpelès, Daniel Brewster, and Barry Silbert. just a thought experiment. just in case bitcoin goes over 10,000 in value before the next block-halving. how would you feel about the people that have lost that much purchasing power just because they were holding their wealth in fiat instead of bitcoins? (*edit to address Karpeles and crew: I don't trust any of those guys either. Luckily, because of bitcoin, I don't have to. if you would spend more time learning and teaching the bitcoin protocol, your life might be more productive, and perhaps even more fulfilling. <- please note, I do not mean to be malicious. Lord knows I am wasting my own talents away at an alarming rate, so I'm not trying to throw stones, I'm just sayin' that a protocol that allows people to be in control of their own money deserves attention. perhaps you could help the *everyman* more by teaching him how to aquire, store, and spend bitcoin safely and securely instead of just repeating "bitcoin's bad, mkay?" |
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1291
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: June 17, 2014, 01:13:52 AM
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Inspirational Buy All the Bitcoins SpeechSons of the internet, I am AdamStgBit, and I see a whole army of my countrymen here in defiance of closed source centralized systems, you've come here to buy and sell on the free market, and a free men you are ( expect for Jorge, sadly...). What will you do without FREEDOM!?? WILL YOU BUY!? "No! No! we will sell and/or hope for lower prices, if not, least we'll have some fiat, to pay the bills" Ya ok, buy now and you might lose, sell now and you'll have some fiat to pay the bills. At least a while... And drowning in debt many years from now, would you be willing to trade all the days from this day to that, for once chance, just one chance! to come back here and tell the bankers that they may take our mortgage payment directly out of our accounts without asking, and even take the house after taking all our money, but they'll never take our BITCOINS!!!  even though I'd like to see some blood red waterfalls right about now, that was well done. https://www.youtube.com/watch?v=Lzl5t1Sracc |
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1293
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: June 15, 2014, 04:03:17 PM
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if you're looking for an entry point on the dip DON'T
<snip>
PS: this could very well be as low as it goes...
could be, and after my 595 bid got filled and it didn't look good for going down much further (virtex of course) I did pull the rest of my bids and got them in at 596. so now I've run out of fiat. more is on the way, but probably won't clear until mid-late next week. I like every buy point below 800 actually, from long term perspective, but I'd always like to maximize if I can. |
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1294
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Economy / Speculation / A Tale of Two Lines.
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on: June 15, 2014, 03:14:15 PM
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so I was looking at finex and noticing this.  top line is drawn on exp chart, bottom line is on linear. I'm trying to target a buy-in price, but of course I want to wait until I can be fairly certain the price will not go down any further, at least not much further... but if the price breaks down below the linear line, I think it could go much, much lower...here is the zoom out to see where the lines come from.  these are just random thoughts of course, but Sunday's are nice for me and give me time to think random thoughts. |
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1295
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: June 14, 2014, 05:21:54 PM
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Just remindin y'all: The monkey is still planning to reverse his daily basis btc short to a long position 3 days hence.
Monkey advises holders to hold, traders to trade, and haters to hate, that the cup be filled. Drinking comes later. He said this while seated in lotus position, and I could almost have sworn that there was a 2cm air gap between him and the floor.
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1297
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: June 14, 2014, 04:45:02 PM
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So should I continue to even bother writing this donation-ware program for bitcoin? Or will bitcoin be dead by the end of the week?
Also a recap of why the drop happened would be nice.
My understanding is:
- China fud (even though they didn't lead this drop whatsoever and from what I can tell they still are not)
- ghash.io was close to 51% but is now 43%
-sr coins for sale by fbi. But isn't it a good thing criminals got cleaned out?
Am I missing something important? Or is this the weak hands shake down.
sorry bud, bitcoin doesn't need a reason |
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