However, it still amazes me just how fast the value of bitcoins can drop.
Not me. I said it several times, the need for a bitcoin REAL economy. But most were too entretained with 30usd and I ended bashed... Whatever raises too fast can fall at equal pace. |
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You want to compare a market of goods with a currency market?! What you said looks like you're talking about oranges or potatos, there yes, quantity affects price. For currencies, which is what bitcoin is, such rules don't apply. An 1 usd doesn't cost more or less to produce than 100 usd.
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Can we please, please stop using this ultra crappy forum software? It's horrible from every single standpoint, security included. Please upgrade to a modern piece of software. This junk from the early part last decade has REALLY got to go.
So, you don't like this phpBB fork and want another... well... phpBB fork?  forums are somewhat easy to code, I don't see nothing wrong with this one, just cover the security holes and double check before "add components or features" (usually the mother of all holes to exploit). |
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no but the freamwork is better for handling fuck-ups.  Coders don't use frameworks, Lego makers do. It "speeds up «development»" (yeah, right! Put some pieces of Lego together is now called "developing"... go figure!) but nags hardly performance by loading interpreters filled up with "resources" (which you normally will not even be using 1%). Still, Python is somewhat better than the mother of all framework fuck ups so far; Java. And obviously you have more bugs found on PHP applications than anything else, PHP has 76,9% of the dynamic web content share... that's like saying there're more car accidents than motorcycle, no wonder, there're way more cars in the road than motorcycles! PHP is used by 76.9% of all the websites whose server-side programming language we know.
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Do you have news letters so i can keep uptodate ?
Sorry, I promise my mom to not send more email spam  |
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Back OT, the 12 spike is explained with this:  Taurus got Cancer, while Sagitarius did Virgo (who isn't any longer), a Scorpio bit Leo and Piscies are now in the Aquarius... (or in english: The bull got crabs, while centaur did virgin (who isn't any longer), a scorpion bit the lion and the fishes are now in the fishbowl) |
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Fixed for you. I wonder what an early ADAPTER is.
Sorry for the typo, anyway, here's an early adapter for you:  |
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It’s not so easy when your original business was Magic the Gathering cards.
Sounds like they're in need for a CounterSpell...   |
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Guys he has made 11 posts, he must be right Coined is "more right", he made 111 |
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Well, MtGox's coders seams to be down on math, here's what it shows for EUR: Last Price: 2.75098 High:5.01 Low: 3.3 Volume: 431 "Last" is lower than "Low"... C'mon guys!... |
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9/11 happened damn those tricky terrorist
Maybe the idea was to imprint the World Trade Center in the chart as a sort of tribute, therefore the spikes.  |
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Doubt it!
Unless the "hackers" hit jackpot and a guy with password 123 here happened to use the same password at Gox and have 1 million bucks or so on his account... other than that; it is just a bug.
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Wrong! Why does everyone always looks at "miners" as the solution or cause for anything?!
Difficulty goes down if miners stop, it's true, but also goes back up if they restart. So there's nothing to win or lose there.
The aim of difficulty is to keep coin generation at a steady pace, not to "open the bitcoin tap". Right, but if you get more by mining less, bitcoin will still be worth less intrinsically to investors because the costs associated with producing bitcoin will cost less. This is in the model in which cost going into bitcoin is related to price of bitcoin, which is the only one that makes fundamental sense to me. In this model, price of bitcoin is a function of the difficulty of bitcoin. I believe this is reasonable based upon the logarithmic charts people have posted here. The question is you'll never be getting more mining less, if such happens to the best you get 2016 blocks which were easier to mine to those who kept their rigs on, nothing else. Actually the only concern of your belief, is that if many "miners" bite it the network will become unstable. For 1 week or so transactions would take hours or days to be confirmed (and less coins will be generated, so under the same belief it means "bitcoin would have more intrinsic value") and later will be quite swift for a few days, to become harder has hell again 2016 blocks later... |
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Well, if people stop mining, the difficulty will fall. If the difficulty falls enough, bitcoin will be cheaper to acquire and thus be worth less than their current estimated $4 of worth. Additionally, the release of the 7xxx series from AMD will probably speed up hashing. So, it's possible that if people stop buying bitcoins we could go to less than a dollar, yes. It seems kind of unlikely right now, though.
Wrong! Why does everyone always looks at "miners" as the solution or cause for anything?! Difficulty goes down if miners stop, it's true, but also goes back up if they restart. So there's nothing to win or lose there. The aim of difficulty is to keep coin generation at a steady pace, not to "open the bitcoin tap". |
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TradeHill already has it, and it doesn't mean you can trade USD for EUR there, for an instance, it just means you can buy or sell BTC from and to USD or EUR. If you want to convert USD to EUR you would need to go through BTC first.
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A: Many of them are probably early adapters who sold out around it. Yep, sucks a bit when you had like 10 or 20k, sold out at 0.7 or so and now see it at 6~7 or even 30 as in June, doesn't it?! Sounds like you'd been giving free money out of the window. Know the feeling! Sold about 2k back on January for 1 USD, really sucks to look at their rate now. But, hey! That's life! Yet for some it sounds like too much to bear and stick around, some probably even "BTC-less", spreading FUD and trying to bring it down... |
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Actually, another spike-alike happened yesterday at Virwox:  A jump to near 3000 SLL (1 USD +/-= 257 SLL so it means about 11,5 USD/BTC) EDIT: And this chart isn't goxed, I'd a long time "wiring trap" of 1 BTC there at 3000 to warn me when btc come back from the dead and it got hit. |
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I bet on $100 that bitcoin will crash to $2. I am certain because everytime it crashed, it first went up 1-1.5 dollars. Today happened the same, from 4.7 to 6 or more.
That's simply stupid! Obviously something to "crash" has to go up before, you don't see planes crash before they take of also... But there's no such relation of going up x and down y. You're just jumping to a losing bet. |
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Don't get it also, there're no asks on that range and the market gets restocked really fast! 1 second after there're already <7 asks? Are the bots mad or what went on?!
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Holy!!!! High:15.9499  |
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