Trends right now are looking pretty bullish. There were 60k BTC to $50 a day ago, now there are <40k BTC:  |
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We're doing pretty well for the weekend... up $2.5 since yesterday  |
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Don't be on the wrong side of history!Here's a history lesson from what looks like mid-October, 2011. You could be one of the asks on the right in this picture, tripping over yourself to sell at $3. I gotta admit, I was one of them. I'm kicking myself now, but fortunately managed to accumulate under $10.  Or you could be the ghost line... looks like he bought 1500 BTC for around <$5k. I was around back then, and I remember all the whining about "early adopters." The ghost line bidder was an early adopter... he just didn't know it. He caught a falling knife, and made a >$60k profit if he held. The only TA metric you need to use is the kicking-yourself metric. Do you want to be like proudhon, envious of all the people who bought at $2 as he proclaimed the death of bitcoin? He's kicking himself now.
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I really hope ASICMINER is the top anonymous miner on ozcoin, because then we'd be sitting at almost 9 TH/s right now... good progress.
It would be good. Because in the last days there would have been no real raise in Asicminer/Bitfountain Hashrate otherwise. It actually seems reasonably likely, as the anonymous miner has huge variance in hashrate, the variance corresponds to bitfountainx workers reasonably well, and I have a gut feeling that Avalons would not have such variance while Bitfountain has had it all along (doing our own racks, wiring, etc). I'm looking forward to next week's dividend and hoping that it's double what I expect  |
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I really hope ASICMINER is the top anonymous miner on ozcoin, because then we'd be sitting at almost 9 TH/s right now... good progress.
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They already bought $3.2 mil worth  |
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Lets talk about empiricism, lets talk about real world cases of people who became filthy rich by doing only Technical Analysis.
How many TA do you find among the Forbes richest people?
So, far I find... lets see... one, two... NONE!
Lets see those who followed the value investing methods proposed by Ben Graham and David Dodd... how about their direct disciple Warren Buffet? Then followed by Carlos Slim, Li Ka-shing, David Koch, Charles Koch.
Value investing was born as a direct response against the chart reading, which is as effective as any pseudo-scientific school.
Investing is investing if you invest. Swallow that truism.
Also, data without context is meaningless.
PS: Oh, btw, don't exclude "elliot waves" as more prone to apophenia, we are prone to anything and everyone as long as we have human brains.
http://en.wikipedia.org/wiki/James_Harris_Simons is pretty rich.... from advanced quantitative trading techniques. |
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mtgox seems to be functioning somewhat now. If you want to make a trade you can now.
16k Ram pack added for moah speed!  maybe they should download more ram |
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Can anyone back track the numbers from the dividend payment and give an accurate count of how many GH/s ASICMiner had in the last week?
0.01916298 BTC * 200,000 shares = 3832.596 BTC total.
So about 152-153 blocks.
Does anyone have an accurate count of:
How many total blocks were mined in the past week?
And what was the average GH/s over the past week?
Total blocks mined / 152 = % of ASICMiner share in mining
Average GH/s * ASICMiner % = ASICMiner average GH/s over the week.
By my rough estimates, it seems like ASICMiner had an average of 4.5 TH/s over the entire week. But would like someone with better data to confirm.
So I'm guessing we had 6 TH/s towards the end of the week. (Which would mean 4TH/s in btcguild + 2TH/s in ozcoin. But no private mining.)
No, 0.01916298 BTC * 164000 shares (something like that) / .95 = 3307 BTC 134 blocks. |
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Update: Only 302 shares wanted now
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28 shares filled but 390 more required.
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miners are going offline at btcguild... more diversification?
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Hey guys, I just received official confirmation from friedcat that the ozcoin users are ours. We're really at 6 TH/s only bitfountain? Or also anonymous? Because if the 2th isn't as I miner.... Who the f are they. a large avalon miner Unless you know for sure I'll have to say these 2 things. Bitfountain2 disappeared, and coincidentally, the 2th anonymous output got bumped by a similar amount that the bitfountain slave was hashing. And second, 2th Avalon? Well ... those Avalons seem so hard to post to people ... maybe 'Avalon' is mining them instead of posting them  Hmm, maybe it's not a large avalon miner... I gotta say the coincidence is overwhelming |
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Hey guys, I just received official confirmation from friedcat that the ozcoin users are ours. We're really at 6 TH/s only bitfountain? Or also anonymous? Because if the 2th isn't as I miner.... Who the f are they. a large avalon miner |
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Hey guys, I just received official confirmation from friedcat that the ozcoin users are ours. We're really at 6 TH/s |
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here you have a quite accurate bottom line: as you see its not linear in log scale, what means it's not exponential, so the line flattens more and more. now it is around 18$ next major correction will likely touch this line again.  you're kidding, I hope? a trendline that flattens... |
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