Very nice!  I like the blocked bubble for new blocks found and the "Donation, thanks" bubble. |
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on these crypto exchanges.
In order to break even,
(sellPrice - buyPrice) / (sellPrice + buyPrice) must > %fee
for 0.55% fee, when btc is at 30, 0.332 move is enough to profit,
but when it's at 70, 0.775 is required
at 100, 1 point move is not enough.
This is fine for buy and hold approach, but since most provide some sorts of api for trading, it does not persuade user to trade in small time frame because of the %fee, and the timeframe have to be widen when the price become higher, although you may argue that volatility also increases along with price.
As far as I heard only bitcoin-24 comes with no trading fee. It would hold more sense for the future btc exchanges to offer fixed price, like $2 for round trips, or some sorts of leverage at fixed cost, since btc is skyrocketing.
It is high compared to traditional brokers but I believe the fee is a fair compensation to the developers of the exchanges. (for now) I think of the fee as a donation to help them build their business.  |
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Hello,
The homepage isn't updating the latest price at the moment, is there anything I should do? Or is the problem on your side?
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Any bears feeling like to sell me some call options? Escrowing through bitcoin-otc or forum moderators.
I'm not a bear but I'm willing to sell you some call options, escrowing through forum moderators works for me. As a miner I wouldn't mind locking in this price range. Expiry: Friday 2013-06-28 11:59 UTC Strike: $250 Style: European Premium: 30% I'm a small miner so I don't have too many coins. How many coins per call are you looking for? Are the terms reasonable? counter-offer? |
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Your website is pretty nice. I hope you continue expanding your offerings. I would be interested in CBOE style options. Now, for that spec of our BTC/USD pricing:
We currently use a weighted average of mid ((bid+ask)/2) prices from four exchanges: MtGox, Tradehill, Coinbase, and Bitfloor. While a price is considered 'good', it has a weight in the average of 1.
A price is considered good for a 5 second window since it was last updated. When we lose connectivity to an exchange, its price will stop updating and will age. After 5 seconds, the weighting of the price starts to exponentially decay (based on time), until eventually, its effect diminishes completely.
We poll for new prices from the exchanges every second, and use a streaming connection to MtGox.
Preety sure tradehill is dead so im not really sure how your using there price Wouldn't BitStamp be a better choice over TradeHill?  |
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As many of you know, I have been bitching about Roman's decision to seize bitcoin from his customers at Bitfloor for a long time. Roman continues to refuse to show any plan that would result in his involuntary creditors being reimbursed in this decade. I am considering legal action, but would need to hold more debt in order to make such action worth my time. This post is seeking holders of Bitfloor obligations that would like to transfer those obligations to me. I am offering 2 possible payments: - A flat 0.05 BTC per 1.0 BTC of current Bitfloor debt
- Payment of 0.01 BTC per 1.0 BTC of Bitfloor debt, plus 20% of any funds recovered from Roman and Bitfloor less expenses for the recovery.
You will have to provide absolute proof of ownership of any debt, and sign legal documents attesting to both your ownership of the account and transferring control of the debts to me. If you are interested, please PM me with the subject BITFLOOR, and give this thread a bump. The - A flat 0.05 BTC per 1.0 BTC of current Bitfloor debt
sounds like a good deal. How much is your balance? How would you transfer the account? |
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In the grand scheme of things this run from the teens to ~$90 will appear very short lived and ridiculously bubble-ish. Years from now at the bottom of the coming correction we'll all recognize how absurd it is that BTC traded at this level.
What market size should bitcoin be, in your opinion? The size needed that it can be used to transfer wealth around without pushing the price around too much. $10,000 to $100,000 a coin at least if this goes main stream. I agree with Goat, at ~$1000 per coin the market cap would be about $1 Trillion which would make it difficult to push prices around. For 1000 per coin the total would only be 10 billion You are correct. Make it $100,000 USD per Bitcoin. |
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In the grand scheme of things this run from the teens to ~$90 will appear very short lived and ridiculously bubble-ish. Years from now at the bottom of the coming correction we'll all recognize how absurd it is that BTC traded at this level.
What market size should bitcoin be, in your opinion? The size needed that it can be used to transfer wealth around without pushing the price around too much. $10,000 to $100,000 a coin at least if this goes main stream. I agree with Goat, at ~$1000 ~$100,000 per coin the market cap would be about $1 Trillion which would make it difficult to push prices around. |
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This is gay. |
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This thread sounds like FUD but , playing along, the time zone would place the exchange in Australia, New Zealand, Japan, or China. If it were Japan then MtGox teaming up with CoinLab would make some sense.
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Does anyone else see no trades coming through? Clarkmoody and bitcoinity haven't updated for me in for about 5 mins.
EDIT: As soon as I posted I did see a mighty 0.1 buy come up.
I was wondering the same but it appears the other exchanges are rather quiet as well. |
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Bitstamp bearish, expected price (midpoint between BTC300 bid/ask volume) in 1-2 hours: $81.
MtGox seems to be stuck at $79.
Despite the gloom setup, I expect a definitive all-time-high in 2 hours.
I am basing this prediction on my new 4-week trading data of six-hour intervals. Tuesday, 12-18 GMT has seen solid gains of 5.4% and 6.9% in the last two weeks. It is the 3rd best performing 6-hour slot of all the 28. The reason is probably the timing of incoming funds and traders online.
Since we started at $77.5, I can expect with confidence that we break through the "wall" at $80 and go to $80.5-$82 range before the sun sets here. There seems to be about equal probability (1/3) to end up in that range, or go above or stay below.
In my opinion, BitStamp has been more fun to watch than MtGox today. |
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I need a list of bullish and bearish terms to create a sentiment index for that thread.
Could you give us a list of the top-100 most frequently used words in the thread? (to start us off. we can then eliminate unrelated terms.) By the way, can you go a little further back in the graph? (if it's not too much trouble. To compare 2013 to 2011.) Edit: Plus what notme posted Classify days as bullish/bearsish/neutral. Use TF-IDF to pick out the most frequent terms on bullish or bearish days.
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Mtgox really needs to do something. Either lower their fees or fix their server, or preferably both
Upping their fees to 2% would help with the lags more than lowering them...  a volume per bid/offer discount and small bid/offer volume penalty would do a much better job Oh yeah, a fixed fee per new order! That's the way to go.. If the lag is because of an influx of new orders, how about a fee  I believe he means a fixed fee for the .01 dust orders. I'm not sure what purpose the .01 trades are for, any guesses? |
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http://uptweet.com/viewStory?id=1115All processing fees now 0.99% including settlement in any local currency we support.“We chose to celebrate this milestone by rewarding all merchants, large and small, with an across-the-board fee reduction, instead of offering tiered pricing which rewards only the largest merchants,” says Tony Gallippi, co-founder and CEO of BitPay. “We want our merchants to use this fee reduction to offer discounts and incentives to their customers for paying with bitcoin.” This is a great move! Cheers |
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Naked short selling is a type of fraud although it's usually not acknowledged as such by legal systems.
Not that I'm surprised about that since legal systems are created by organizations funded by theft.
Actually you are right, naked short selling is illegal according to the U.S. Securities Exchange Commission since the crash of 1929. But apparently the SEC doesn't enforce their own laws nor do they shut down brokerages that allow their customers to do so. |
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once anyone can naked short sell BTC, these bubbles will pop real quick  short sellling Bitcoins is bad, m'kay.  I get you though Well, at a rate of 3600 new coins mined every 24 hours the market can maintain $75 USD with at least ~$250K of new funds coming into the exchanges on average per day. Assuming the miners sell their coins with the current +20% return above cost per month, at these prices even GPU mining is profitable. If people start cashing out for good, things will get ugly pretty fast since there is probably not enough fiat in the exchanges for the ~11 Million coins outstanding. (At least I highly doubt there is $825 Million USD standing by). The rapid increase in difficulty with the 1st batch of Avalons makes P/L estimates for miners more difficult. A rough estimate of all GPU miners converting to ASICs would put the network hashrate near the 1 Petahash mark. Time will tell though because Avalon threw miners a curve ball by pricing new units in BTC instead of USD. But as long as new funds are arriving at the exchanges and everyone is drinking the kool-aid then we are good to go. |
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... this does not make Bitcoin vulnerable. ...
As Vladimir pointed out, this is business as usual. The network adjusts every 2048 blocks so even if difficulty increases 100X it doesn't matter. |
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How many AML requests were for withdrawing USD? Where the details given?
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They love bitcoin, they just want to buy it cheaper LOL! |
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