There was another update on Gox saying they've complied with whatever Dwolla's asked; dated a few days ago if I'm not mistaken. Either way while it's not down to the old days of mere hours, I did see a payment clear in a couple days.
For all intents and purpose, it seems like things are back to normal now.
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I have large barrels of dry powder in place and ready to blow.
(Snipped the rest but...) A smart speculator will not try to guess the unknowable, but instead have a plan for each possible outcome. Agreeing with this. Great post.
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Good points, Spec. It clarifies things though we can all just wait and see. I think tomorrow will be an important and decissive day for this whole ordeal. Oh and because the thread asked:
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Is there any primer on how to read these walls again within the 100+ pages for us eco noobs watching from the sidelines? I get the walls idea but so what, if there's a huge ask (selling) wall, the price should stay where it's at, right? If there's a huge bid (buying) wall, the price shouldn't move down too much either? Should the charts be mirroring each other ideally? Otherwise if the orange line is flat, all the lower priced orders could be bought up so the price crashes? I lol'd
You broke it!
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Not sure how common this knowledge was but I was curious about warranties and the like and received the following information:
BFL products have a warranty of 6 months. If something dies, just like you would with a GPU, you send it in and they'll swap it for a new one. The downtime would suck, yes, but at least you get the product fixed. Should something go south with Bitcoin period (and arguably if so, BFL would also tank as a company), they do *not* offer any returns for any ASIC product to my knowledge.
Thus the contact person suggested for each purchaser to evaluate their investment into Bitcoin and BFL products accordingly.
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Ah, gotcha. Thanks for the insight on that Dooglus
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Very cool. If anything I'd hope this would assist in more widely used BTC. That or at least more people coming into contact with Bitcoins in any conceptual manner and learning about them.
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Been enjoying this a bit recently and it's fun, even though I'm losing . Dooglus, thanks for taking all the time to compile these stats and info pieces - it's quite interesting. Guess I have a question for you though: Since I'm not doing martingale bets and just doing the normal one at a time, if I send out say, two of them one after another, is it still the random Tx "ID" that makes it win or lose? I guess it sounds like it's always better to do a single bet than try grouping anything, correct? It's just odd that I've made a couple coins and then proceeded to lose 3, 2BTC bets in a row atleast two or three times (which chance shows should be relatively low).
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Beat me to it. I'd imagine that one would think the hashrate would go the other way since coins are worth a little less now. Instead it looks like the network's doubled.
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Does anybody even have any evidence the coins were sent to an exchange? Or are you all just trading on wild speculation? If the latter, enjoy your loss.
I'm not sure either. Which is why my trading stays based on technical analysis as opposed to a forum rumor about bitcoins moving. Same.
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Now I suppose to ask, will the price plummet due to so much released on the system at once or will people buy up these coins at a relatively "low" price, given the past couple months?
Wallet for that address still shows over 400,000 in reserve o.O. Must be nice to be that guy.
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Talk about a huge transfer of BTC...
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I suppose I see their concern in the video but there were a couple interesting points:
1. Bitcoin is tied to hosting companies... Obviously fale. 2. Bitcoin is a ZOMG HUGE threat. With it's 5K of points VS Money Laundering's 210K points, yeah *coughs*. 3. Just because the servers are tied together with so-called illicit activities of other criminal sites doesn't make BTC criminal. Maybe "people" just picked really bad hosting providers.
But yeah it just sounds like again they're spreading doubt and so forth and really don't seem to understand or even try to view the other side of the coin - instead only the pretense that because BTC is tied to seemingly criminal activity that thus, it *must* defacto be a bad thing.
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For not being an economics expert, it seems that things will always naturally correct themselves, though. The sharp dip was surprising, but I figure that people are also seeing it as a great opportunity to pick up coins at a (relatively) low price not seen in the past month or two.
I'm not worried overall, but I can understand why a lot of newbies and general BTC fans would panic with this much of a price change so fast. Within but an hour or so it looks like it's almost cancelled itself out.
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Too bad this forum doesn't have that head-banging-against-the-wall emoticon Let's bang these walls down!
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$14.30
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Perhaps simply that bits make up one of the foundations of digital data? ByteCoin doesn't sound as cool anyway...
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Generally seeing several days but not forever.
At one time I saw the process go from Gox to Dwolla in as little as 10 minutes to perhaps 45. Longest I've seen is a good 2-3 weeks.
It's gotten back down now that it seems Gox and Dwolla are both agreeing with each others' policies and stuff. Not instant but not taking forever. It'd be nice if it was faster, sure but I'm just happy it gets in my account eventually.
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