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1201  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PRE-ANN][MAX] MaxCoin on: February 07, 2014, 09:58:00 PM
Yeesh, this coin is not good for Keiser's reputation AT ALL.
1202  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MEOW] KittehCoin Relaunch IS HERE!!!! on: February 07, 2014, 06:33:32 AM
Think about the popularity of cat memes on the internet. This coin could be big!
1203  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 06, 2014, 08:10:38 PM
I see the forum starting to go italic... trolls & socks puppets coming out to play. I guess the price didn't go low enough.
1204  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 06, 2014, 04:32:01 AM
Altcoins are much better way to increase number of BTC than btc vs fiat trading.

When we talk about unrealized gains, yesterday was a third month when I cashed out like 5 BTC. That's how I decided to hedge and gain some realized profits - selling for 4-5k$ per month. It's quite enough to live more than comfortably and to spare at least half of that where I live.

Alt speculation is easier said than done. There are like 5-10 new altcoins per day so it's like watching a spinning roulette wheel. I have a little 3Mh/s scrypt rig (also serves as my office space heater) so I've been mining and playing with alts... between the greed, FUD, and pump & dumps I can't tell what's what. Everyone wants to be the next Satoshi.
1205  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 05, 2014, 10:21:22 PM
DogeCoin just got 13% Amplitude lol.
Amazing, Imagin BTC would just skyrock 100$ in one time haha  Grin

And now we have MEOW, another freaking animal coin. This is a house of learned men, not altcoin junkies.
1206  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MEOW] KittehCoin Relaunch IS HERE!!!! on: February 05, 2014, 06:22:23 PM
1207  Economy / Speculation / Re: Are there any other Optimistic Bears? on: February 05, 2014, 06:26:49 AM
The arrogance of billyjoeallen really puts all other perma bulls to shame.

I think the arrogance is simply human emotion translated to forum posts. Nothing wrong with being excited about crypto.

The stance I take is that I'm invested in the technology, bulls and bears are simply definitions from the legacy banking system applied to a technology that has not existed before, though the labels are apt and create a lot of fun if nothing else.

If Bitcoin drops a few hundred dollars, I'll buy some more. If it goes up I'll watch my account grow. It's a win-win. Bears and bulls, join hands.
1208  Economy / Speculation / Re: Stealth transfer of bicoins from day tarders to hodlers on: February 05, 2014, 06:09:40 AM
I agree with you. These newfangled digital currencies are so new and mysterious (cue grandpa Simpson), it's difficult to comprehend what their greater impact will be, years from now. Our brains are not programmed to predict the future. They are throwbacks to an earlier kind of life, and here they are trying to wrap themselves around a bunch of numbers on a blockchain in a digital realm. We are flinging value across the internet, from wallet to wallet, in minutes. Nothing like this has existed before. Blockchain technology can solve so many problems it's not even funny; currency is just one application, and a profitable one at that.

We must consider the daily sentiment compared to the larger picture. Many altcoin miners are selling their freshly minted coins on the market as they mine them. Nothing wrong with that (gots to pay the billz) but I see the same thing happening now as in 2012 and 2013: Shortsightedness leads to greed and fear, leading to selling. I don't mean this to demean those who are speculating on digital currencies' existence, or to question miners' reasons for selling (or holding), I'm just trying to use history as a way to predict the future.

Blah blah blah, adoption goes up, supply and demand blah blah, price goes UP and the world continues to turn. Maybe I haven't been around long enough, but the question is when and not if. Those who believe in the long-term success will have more coins, that is for sure, and those who understand the underlying technology of cryptocurrencies will be ahead of the game.
1209  Economy / Speculation / Re: Its been $800 for a reeeeeallly long time..... on: February 05, 2014, 05:41:52 AM
We were at ~$150 for a reeeeally long time too. Months in fact. There was talk of stability, and finally miners could plan their ROI (or lack thereof). Well, we all know how that turned out Cheesy
1210  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 05, 2014, 05:39:25 AM
Has the gov still not released the Gox funds from months ago?

You mean the funds Homeland Security seized from their Dwolla account last summer? Probably not. I had some cash tied up in that (talk about your bad timing); fortunately Gox credited my account anyway.
1211  Economy / Speculation / Re: Thoughts on the 4 Bankers commiting suicide and a reddit comment regarding Feb? on: February 04, 2014, 11:19:34 PM
Hi all -

A comment from my friend, the # 1 performing financial advisor in San Diego, in the business for 35 years:

"I can tell by the choice of words used in the post, that the person who wrote it does not even work in the financial services industry as a financial advisor or money manager.  Pay no attention."

-B-

The lazy English grammar gives it away.
1212  Bitcoin / Bitcoin Discussion / Re: How many bitcoins do you have (poll)? on: February 01, 2014, 11:43:27 PM
I have 7592.39477210. Proof:

Code:
$ bitcoind getbalance
7592.39477210

Wow. I don't suppose you'd be willing to donate a small tip to a small-time guy like me  Wink How long have you been in the bitcoin game? Any advice for those of us who are just starting off?

1. We are still early adopters. I tell people this when they say, "Whoa, $800 for a coin is too expensive!" Price is simply a number that reflects supply and demand.

2. I have regretted mining purchases but never bitcoin purchases. Case in point I bought 65 coins back when the price was sub $100 to buy ASIC chips for a DIY mining project. The project fell through but I was able to get a refund, thank god. That was a stressful time--I should have held onto them in the first place. Also think how many people bought now-obsolete mining gear for hundreds of bitcoins before the price shot up to $1000. It's almost too painful to think about.
1213  Economy / Speculation / Re: When will bitcoin reach 1,000, 2,000, 5,000, 10,000, 40,000, 50,000, 100,000 on: February 01, 2014, 11:01:49 PM
Come on, I want to get rich too... but 100k...? Not going to happen. Where is the money going to come from to support such a huge valuation? The days of enormous gains are behind us. Next rally might bring us to 2 or 3 grand, followed by maybe 5k by end of year. That's a bullish scenario. Really bullish. We might just end up oscillating around $800 for the whole year.

I hear you, but people used this argument when bitcoins were $100-200.

"A thousand? Not for years, if ever. Where will the money come from? We'd need x amount every day for the price to stay stable."

And here we are at $800 not even 6 months later.
1214  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 01, 2014, 09:41:58 PM

IDDQD

CCMF
1215  Economy / Speculation / Re: Campbx - another exchange bites the dust on: January 31, 2014, 10:08:27 PM
Looks like not much has changed. They were going to implement ACH deposits but now they're not because of their bank.
1216  Other / CPU/GPU Bitcoin mining hardware / Re: PS3 miner? on: January 30, 2014, 06:10:26 AM

The more interesting question is, what hash wouldget the ps4  Grin


Just about to ask that - I've got a PS4 idle most of the time. What graphic card does it have in? Might mine fairly well?

A quick search indicates it's basically a Radeon 7850/CPU integrated chip. Not sure how that would affect its mining potential, or how hot it would get given the PS4 wasn't designed to be pushed that hard.
1217  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 29, 2014, 04:55:37 PM
Uh oh, a bunch more merchants "of similar statute" (as Overstock) about to sign up with Coinbase.

This is not confirmed, but even if it is, it's bad news as these merchants will cash out all their bitcoin and will further crash the market.  I have confirmed the last part where I just wrote "even if it is, it's bad news as these merchants will cash out all their bitcoin and will further crash the market".

I've further confirmed this by quoting your confirmation. Confirmed.
1218  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 26, 2014, 04:29:07 PM
Guys, Gox was "going under" six months ago, and six months before that.

Guess what? They're still here.
1219  Bitcoin / Press / Re: [2014-01-24] TigerDirect.com now accepts BTC. Get your GPUs with BTC now on: January 23, 2014, 08:38:12 PM
Awesome news! There's actually a brick & mortar Tigerdirect in my town.
1220  Economy / Speculation / Re: $10 straight clean arbitrage to be had going from Stamp to BTC-E.... on: January 21, 2014, 06:44:58 PM
2 * .2% = .4%

1.2% - (2* .2% ) = 0.8%.

And actually it is a bit better than that.....

.....furthermore, any higher than decimal figures volume of BTC on Stamp is going for $3-5 less than the micro-transaction determined spot price on Stamp....so even more margin still, at least until you get your coins onto BTC-E and learn the hard way about trying to take small margins in bot controlled electronic markets.

Moral of the story is that there is no arbitrage and prices on all USD exchanges are being artificially held up for some reason. I never seen such blatantly mechanical trading across the respectable exchanges as I have witnessed today. Certainly this morning, on Bistamp, there was 1000 BTC of Asks standing between spot price and my Stop Loss buy orders. Now there is almost 2000.

Bots are people too, trying to make a profit. If you are sure of this, use cryptotrader to program one yourself to outwit the "evil" bots.
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