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742
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Economy / Speculation / Re: so mt.gox volume is at 12.8k at the moment
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on: March 03, 2013, 04:27:08 AM
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How I miss the days before the rally when the price could stay stable for months, those were calm, good days....
Never knew those days. Acquired my first bitcoins a couple of weeks before the Pirate Pump 'n' Dump. Volatility is the norm from all I've seen  |
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743
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Economy / Speculation / Re: so mt.gox volume is at 12.8k at the moment
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on: March 03, 2013, 04:00:23 AM
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I know it's a cliché but the first thing that springs to mind is "calm before the storm". It'll change dramatically after the weekend no doubt. Edit: And this guy has been uncannily accurate.... Its been a good week. More excitement to come soon.
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744
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Economy / Speculation / Re: proudhon
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on: March 02, 2013, 08:28:41 PM
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proudhon, aren't you still holding some BTC in your offline wallets?
Yes. I still have some bitcoins. I'll probably buy more when we dip into the single digits again.  lol. Nice one  I'm sure you're holding a lot more coins than everyone around here is assuming too. And at least you're not a horrible troll. I just read your posts in an Eeyore voice  |
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745
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Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker
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on: March 02, 2013, 11:04:36 AM
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I noticed a 10,000 BTC ask appear for a few seconds on the Clark Moody page, then it disappeared and reappeared a couple of times before finally disappearing.
The strange thing is, this was only a few cents away from the ask at the top of the list - ie - the lowest price.
I've noticed it too. Earlier there was another 10k wall and it got eaten. I wonder if this one is being put there briefly to try to fool the bots, but not long enough to get eaten again. |
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749
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Bitcoin / Hardware / ASICminer user ranking on BTC Guild
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on: March 01, 2013, 08:47:50 PM
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I just checked out the User Ranking on BTC Guild and I see user ID 67117 is hitting 5TH/s! That's over 1 billion shares and 290 blocks found in just a couple of weeks. Pretty incredible. It's going to be an interesting year in mining for sure |
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751
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Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker
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on: February 28, 2013, 04:14:00 AM
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bitcoin is very much and always has been undervalued, we all know it has the potential to go to 1000$ a coin due to moderate success, but prices have been kept low all this time because the perceived risk was crazy high and early adopters were cashing out a few million dollars, this perceived risk appears to be less and less of a concern these days... and investors (I'm taking real investors, not a bunch of little users buying 1000$ worth...) are now willing to come aboard...
we could very well see 1000$ bitcoins b4 the end of the year.
Wait, what??? Is this Adam's bullish doppelgänger?  |
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755
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Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker
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on: February 27, 2013, 09:57:00 PM
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50cents away, ~26hours to go, exciting!
what was it again? "32$ wont be reached in feb 2013"? The bet stated that $32 had to be exceeded by the end of the month, so still a very good chance Adam will win his bet since it will take over 18,000 coins to get there. Was a good bet |
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756
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Economy / Speculation / Re: A bullish sign, or sign we've reached a top?
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on: February 26, 2013, 11:47:01 PM
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whose value has skyrocketed 399,900% in one year. Oh really?? Initially, they were worth exactly nothing, they could have said 999,999,900% and still be technically correct. Perhaps it is more accurate to say initially they were worth an unknown amount. The first transaction assigned a value to them, and then you can measure from there. I think the value first given to bitcoins is described on this page: http://newlibertystandard.wetpaint.com/page/2009+Exchange+RateFrom that page: "During 2009 my exchange rate was calculated by dividing $1.00 by the average amount of electricity required to run a computer with high CPU for a year, 1331.5 kWh, multiplied by the the average residential cost of electricity in the United States for the previous year, $0.1136, divided by 12 months divided by the number of bitcoins generated by my computer over the past 30 days." |
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