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1321
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: September 06, 2014, 05:15:27 AM
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Bitstamp below BTC-e... crash exceedingly imminent!
Dafuq you talking? Right now Bitstamp is at the 480's and Btc-e at the 477's. And it seems that the times where a $15 gap between bitstamp and btc-e were standart are gone. A while ago they were at 477 a piece with Stamp a few cents below. This is more folklore than logic, but whenever that happens a crash seems to happen within an hour or two thereof. Did you make bank off of your previous shorts? |
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1323
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: September 06, 2014, 04:22:03 AM
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china still bouncing off previous resistance, while stamps and bitfinex are well below it.
tonight we find out if china really is a leader.
 You cannot see who leads on that plot. Arbitragers apparently react in a few tens of seconds at most. Even the plot with 1-minute interval is too coarse. Bitcoin transfers takes way more than seconds. More when the network is busy because of big rise/fall/mr102 event that makes arbitrage profitable. How can Bitcoin arbitragers take effect in tens of seconds? Obviously the answer here is bots. Keep some fiat and some btc on each exchange but put it all together in one book in a spread sheet. Then arbitrage as you would normally with buys/sells on each individual exchange and at the end of the day if one of your exchange accounts needs more BTC or more fiat, THEN initiate the transfers. |
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1324
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Economy / Speculation / Re: It'll be insanity not to buy bitcoin at sub $500
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on: September 06, 2014, 04:19:55 AM
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Hobby miners with small farms can mine essentially forever at a small loss. Big miners will not be able to mine for long at a cost due to space and electricity cost (assuming they already paid for their hardware and it wasn't on credit). If big miners fail they could sell off all of their reserve coins, tank the price of BTC and in the end all we would have left are the small hobby miners again.
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1325
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Economy / Economics / Re: The markets are rigged, central banks use printed money to buy stocks
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on: September 06, 2014, 04:16:17 AM
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It's been the case for a while that stimulus is the only thing propping up the markets. It's not a secret. The question is how long it can continue like this before the inevitable crash happens.
Hold onto your butts.
There will never be a market crash, a crash only happens when there is no money. Now there are too much money in banks (Most of the QE money went into commercial bank's pocket in exchange of their MBS), they could easily support the stock market price Then the crash of fiat money itself is even less possible. In principle, FED printed 4x money since 2008, then the price of everything should rise 4x, there will be hyperinflation, then everyone will dump their fiat money and the fiat money will worth nothing over night. However, most of those money went into bank's pocket and they don't spend a dime, they save them back to FED and receive an interest to spend, thus made the real amount of money in circulation almost non-change, that's also the reason the economy never fully recovered So, banks have all the money they need to push up the price of anything they want, but they will carefully select some product first so that average Joe can not benefit from it (If everyone get easy money, there will be uncontrollable inflation thus threaten the life of their fiat money) A market crash can easily happen if everyone decides to pull their money out of stocks and basically only sell orders are on the exchanges, leading to a "crashing" of prices. |
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1331
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Other / Off-topic / Re: Capitulation incoming with Silver?
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on: September 04, 2014, 09:18:37 PM
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Is silver is available to buy just like bitcoins online?Is it profitable to buy silver
I wouldn't necessarily say its "profitable" to buy silver, but it may be a good store of value if the USD sees higher inflation. And of course it's always good to diversify a little bit. |
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1333
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Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Genesis Mining New Pricing vs GAW Mining Hashlets
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on: September 04, 2014, 08:52:36 PM
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Looks like GAW's idea was good since the competition is trying to launch a similar product.
Things that struck me in this comparison:
Hashlets are tradable, and they are planning to make this even easier in the future.
You can sell your Hashlet whenever you want and the prices have risen in the last few weeks so people who bought early Hashlets have already reached ROI.
Hashlet's fees are supposed to decrease in time to keep it profitable.
You don't accept credit card payments, so there's no chance of getting the money back if you guys decide to bail.
Even without selling the early (15.99) miners for a higher price (close to $40) the hashlets are still about 20% ROI if purchased at the $15.99 rate. You can follow my hashlet ROI here: https://bitcointalk.org/index.php?topic=752824.0and if you want hashlet discounts here: https://bitcointalk.org/index.php?topic=750909.0 |
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1335
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Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: GAWMiner Hashlet Discussion Thread
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on: September 04, 2014, 08:35:45 PM
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Solo hashlets are just creating confusion
It was better to offer just "prime hashlet" at a more affordable price.
Yup, I was confused. No maintenance fee info on main site...really not even a description of what a "Cleverminer" is. Should at least allow upgrades (and downgrades?) due to this. I will say it again...this is a very strange model. Cleverminer hashlets are basically hashlets that will always match the BTC/MH/day that clevermining.com makes. These can be traded later for other miners in a marketplace that they are creating (trading between people). They introduced solo pool hashlets so that they could create a more affordable hashlet that will have less features than their "gold standard" miner, the hashlet prime which will ALWAYS be upgraded with whatever new improvements they make. |
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1336
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Economy / Speculation / Re: Next boom within 3-4 months tops
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on: September 04, 2014, 08:36:27 AM
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Define boom.
$2000+ at least, probably $3000+ at peak Nothing goes up forever. Except the US monetary base or the US national debt among many other things....unless you are suggesting that they will go up until they cease to exist? |
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1337
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Economy / Speculation / Re: Open Bazaar bitcoin killer app!
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on: September 04, 2014, 08:18:18 AM
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On the surface it sounds like you will probably have to send bitcoins to the developers of the open bazaar app and those coins are being called "burned", but in reality you are just giving those coins to the app developers. Essentially just making it so you are paying them for advertising space, which isn't really any "trust" it just means that at the very minimum when you scam people it will be worth more than the coins you sent the app developers
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1338
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Economy / Speculation / Re: What if fallling is actually a bull...
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on: September 04, 2014, 08:14:11 AM
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haha you people are funnier every day
price keeps falling and falling and everybody lose money and still you say its all right and going to be okay
A lot of people around these forums got into bitcoin way before it was worth even $100. Price will downtrend for a while as adoption increases by merchants and people buy stuff with their BTC causing a selling pressure. Once enough merchants accept it and offer discounts etc then demand will increase and the purchasing power of bitcoin will increase. If you're losing money you're clearly new and more worried about your current fiat wealth than understanding the long term wealth accumulation of holding bitcoins, even if just accounting for the inflationary state of central banking systems and the rapidly increasing US monetary base. |
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1339
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Economy / Speculation / Re: A Short Youtube Documentary that Reveals the Fate of Bitcoin Holders
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on: September 04, 2014, 08:10:26 AM
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You guys badly need new people here, to give you insight into what real people think about bitcoin, not the same 20 bull-tards who post the same garbage in here day after day. Of course, there aren't many new users, because hardly anyone is interested in bitcoin anymore. Meanwhile, every day, ~3600 coins are still being created, and Coinbase and Bitpay continue to cash out their holdings.
Know anything about supply and demand and its effects on prices?
Everyday adoption increases, new wallets are generated and the public becomes more aware of bitcoin. If you're worried about the purchasing power of bitcoin, just give it time. |
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