Would be great to have 24-hour volume for each site.
Better yet-- display the volume for each time period as it's selected. |
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Would be great to have 24-hour volume for each site.
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Ripple is supposedly going open source on the 26th. Is it possible to have miners instead of relying on a few people to distribute pre-mined coins?
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ground floor.
Are my numbers correct? On a good day, this site trades 200 BTC in a day mostly in Primecoin: 200 x $130 x .004 (trade fees) = $104 per day Now... 1) Selling MCX: $35 (current MCX rate) / .00001 = $3.5MM (total MCX marketcap). Sell 5% as stated = $175k 2) Current holdings: $700k The amount Real Solid claimed in deposits on 7/26 with 7000 accounts. Also, if he's smart (and obviously he is), he under reported that. 3) Potential pofit sharring holdings: $3.5MM If profit sharing works, he could easily bring in 5 times what he currently has. Since this website is anonymous (err on the ground floor), the only thing preventing a scam is the revenue per day. After splitting with depositors and owners, thats $4.4 million in currency be secured by $70 per day. |
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Great idea and superb website, but where are you physically located?
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Zalfrin--
I'm using release5 with my i5 and have awesome PPS, but I've gotten stock twice lost a couple blocks. Just an FYI.
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Dang, stuck again at 16225. I'm using Zalfrin's binary.
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If it helps for whatever went wrong, I was stuck on the same block (14xxx). I restarted the wallet and I'm now current. I also lost a couple blocks...
Status: 0/unconfirmed
Date: 7/11/2013 14:29
Source: Generated
Credit: (not accepted)
Net amount: 0.00 XPM
Status: 0/unconfirmed
Date: 7/11/2013 12:58
Source: Generated
Credit: (not accepted)
Net amount: 0.00 XPM
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Is this an orphaned block?
Status: 2/offline, has not been successfully broadcast yet
Date: 7/11/2013 12:58
Source: Generated
Credit: 16.33 XPM (matures in 3198 more blocks)
Net amount: 0.00 XPM
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Assuming we are done, that wasn't much of a sell-off. Bids kept pooring in to offset the sells.
This might be the signal the sideline bulls need to drive us back up to high 100's next week.
Interesting.
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I don't know if it's over, but I do know that I've never trading something so resilient as BTC. All those little crashes on they way to 260 were blips after a few days.
It's because there are no shorts. Everyone that is trading is long by definition. If they sell, it's to buy back at a lower price or to take profits.
It creates massive swings, but has huge upside.
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For those people trying to get rich, yeah lots of money they lost.
Not really. I bought mostly for speculation and I'm still way up from my original investment. Give him a break. He joined a week ago. He had high hopes...
I can't take the pressure!
Ok ok, I put in $2k worth bid and hope to double my money within a few days.
I have faith!
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I'm worried someone will take them up on the offer and dump 15k BTC on the market. Even if it's a fake/bug wall, I'm still surprised no one has decided to test it. 30% of the people predicting the 24 hr low think we'll be below $50 within 20 hours.
So if no one will bite on the $70 mega buy out, they certainly won't be dumping if it slides into the $60 or $50s. At least for now the panic has left the room.
'tis a valid point. |
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People are into BTC cause they believe in this new idea, or they are hoping to get rich (like having faith in a certain stock to increase in value).
For those people trying to get rich, yeah lots of money they lost.
And for this new idea? Its dying now. It won't completely go away though. Even a 10-20 year old video game still has a few people that play it once in a while, even though majority of people could care less.
Yeah, perhaps you should put down the bong for a bit. Your deep thoughts are sounding kinda Jack Handeyish. |
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News flash, the price isn't based on fundamentals. There are no fundamentals. Bitcoin adoption has nothing to do with the price. Bitcoin adoption won't cause Bitcoin USD value to go up. They're not even related.
Yes. Fundamental value is based on adoption as a currency, which is driven by it's utility. Bitcoin is better at being a currency than anything else mankind has ever had. Volatility is only temporary.
....It's full of day traders, investors, speculators and manipulators.
What market isn't? All of these players provide liquidity. Fundamental value isn't based on adoption. People using it as a currency do the following. Buyer wants to buy something that's $50. He buys $50 worth of Bitcoins and sends them to the seller. The seller sells the bitcoins and sends the good/service to the buyer. That transaction, at it's fundamental level, works the same if Bitcoin is worth $5000 each or 5 cents each. Whether the buyer buys/sends 100000 BTC or 0.0001 BTC it doesn't really matter. People using it as a currency aren't buying more then they need and holding. They're using it as a currency not to become an investors/trading. The seller sells the BTC right away, he's running a business not becoming a day trader / speculator. Buying $50 of BTC and then selling $50 BTC a short time later isn't going to drive the market up. BTC currency transactions are pretty much market neutral. There isn't a rise is BTC value or a drop in BTC value that had ANYTHING to do with adoption or usage. Never. Ever. Hasn't happened. You're a fool if you believe that. My point was those "players" are driving the price, because there are no fundamentals. It's people playing the market, pushing around the price, influencing supply/demand to make money. Which is the scary part about BTC, it can be wildly popular, 5000% growth in adoption/usage, and the market price could be $5. That wouldn't matter to the people using it as a currency one bit. If BTC crashes to $5 tomorrow, the same amount of people will use to buy/sell goods as the day before. The belief that the exchange / market / mining needs to be profitable in order for BTC to succeed is a fallacy created by those people. I hold cash, not because it appreciates, but because I can go to starbucks and buy something. Why would you repatriate your funds into a local currency that looses value through lack of scarcity if I can buy most of my things in bitcoin (or whatever global currency)? Your argument is only valid until adoption of a better currency than the scheme being run by the central bankers. |
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No. This won't change market psychology.
The psychology attributed to adoption... no. The psychology created by these big swings... yes. |
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News flash, the price isn't based on fundamentals. There are no fundamentals. Bitcoin adoption has nothing to do with the price. Bitcoin adoption won't cause Bitcoin USD value to go up. They're not even related.
Yes. Fundamental value is based on adoption as a currency, which is driven by its utility. Bitcoin is better at being a currency than anything else mankind has ever had. Volatility is only temporary.
....It's full of day traders, investors, speculators and manipulators.
What market isn't? All of these players provide liquidity. |
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The good news is, I believe coinsetter and coinlab are working on the futures problem.
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75% in one day without something fundamental happening? Which market is that?
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