I'll just leave this here:  It is worth noting (even though I have been in and out of BTC lately): At some point in the next year or a bit later, maybe even in a few months, you are going to see one of Spain, Portugal, Italy, etc. go under (Banking system or a large part there of). When that happens (or as we approach it and it is obvious to some), you are going to see the BTC price explode. Absolutely explode. Your reaction will be like swimming in the ocean and seeing a 21ft Great White Shark nearby, but just far enough away for you to maybe make it. It will shock you and you will remember it forever. It will be a bubble though and it will correct, unless we have a wider systematic collapse. But, it will not correct fully down as many of the 12 million or so coins out there will be in strong hands. It will probably be an extrapolation of what we have already seen. So, we are all playing a game. Yeah, we don't want to get caught in BTC if it corrects again hard down. But we all know the times we are living in. If we were living in times of solid banking and not as corrupt governments, BTC would depend solely on it's low transactions fees, perhaps the darknet, etc. But we are living in times where Central banks (ECB) take 47.5% of your money in a bail-in and other countries are seeing that as a model. Good luck to you all, but lets not simplify things. It can go any way at any time. Be careful and don't lose sight of that and don't lose sight of what BTC represents. Enjoy the ride and don't forget that when the shit does hit the fan, It's about sharing |
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There's no volume, it might break down also from here. It should have broke 115 USD so that it would be more possible to break up. Just have to wait a little longer so we know.
That is not exactly true. The volume that got us here was huge. Big buyers buying 500-1000 BTC's a pop. When that buying stops, it doesn't mean interest is dead. It doesn't mean support is gone. People with the kind of money that we have witnessed since it bottomed at $65 are probably not afraid to somewhat support their investment. That said, this is a speculation and we are taking a chance. Yes, we can go down, but the buy side has increased. But, it doesn't matter if me and you are doing the buying. It's those whales. They move this market now. They probably hope that all that cash on the exchanges starts to come back into BTC and it is showing signs of that (Just watch the block sizes being bought and sold). If you are a TA guy, things have turned. The weekly and monthly charts have changed. It does seem the big money follows TA and uses it to their advantage. Considering that, I'd say we go up. But, anything is possible... |
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Not only has the gap between MtGox and Bitstamp increased to about $10 again, but the order book is starting to look like a mirror image. MtGox:  Bitstamp:  It appears that Bitstamp is far more bearish than MtGox. This is surely a reflection on people trying to buy BTC to get out of MtGox? I suspect Bitstamp is leading the market now too, which makes me wonder whether the 95 support level is about to give way. or more people able to sell on Bitstamp? Conversely, the fear of selling on MtGox is what is keeping selling pressure suppressed there I would really like to know the story on Gox. Are people getting their money out yet? If they aren't is that reflective of BTC? If so, by how much? What is the latest on people getting their money out? We are passed the 2 week period to get caught up that followed the first 2 week period of no US transfers out of Gox, right? They better get this straightened out soon, or the shit is eventually gonna hit the fan. Luckily, the economic situation is worsening, the gold hedges will need to be covered, etc. So, lots of money is probably going to start to come into BTC. Being above 100 (with some stability) is probably going to do a lot for us. (Catch the train). |
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Just curious but what is the ETA on the reservations in terms of placing the order?
This Wednesday. Hey KnCMiningOp - Any updates? Thanks and hope all is well, IAS Had some people not make payment. So 48 shares still left. I might make a quick loan to the op. Tomorrow is my absolute deadline to get this thing ordered. Thanks for the update. I'm flat broke so can't pick up any more shares. Hope you find a way, but if not, still appreciate all the work you did. We need a more transparent system so people who reserve shares like that and then don't pay don't do the same with other auctions. Yes - A handle list somewhere. No judgment, just sharing. IAS I understand where you are coming from and do think that some people should be on a list like that, but not everyone doesn't pay out of malicious reasons. Peoples finances change and things come up. I would be more for something along the lines of expanding the current trust system to incorporate promises/deliveries. Agreed, I don't think we should penalize a person for canceling 1 time. But if someone has a history of it, then that should be integrated into a trust system. As, they basically stopped others from getting in and perhaps even are partly responsible for killing an auction. That then puts people like me (and the others in this auction) looking for another auction and then being further down the list. It also stops people from going into more than one auction and just seeing which one reaches the end first and canceling the other. |
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Just curious but what is the ETA on the reservations in terms of placing the order?
This Wednesday. Hey KnCMiningOp - Any updates? Thanks and hope all is well, IAS Had some people not make payment. So 48 shares still left. I might make a quick loan to the op. Tomorrow is my absolute deadline to get this thing ordered. Thanks for the update. I'm flat broke so can't pick up any more shares. Hope you find a way, but if not, still appreciate all the work you did. We need a more transparent system so people who reserve shares like that and then don't pay don't do the same with other auctions. Yes - A handle list somewhere. No judgment, just sharing. IAS |
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Just curious but what is the ETA on the reservations in terms of placing the order?
This Wednesday. Hey KnCMiningOp - Any updates? Thanks and hope all is well, IAS |
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price falling right now, dont expect this to last long though. Get on the train now if you missed before when it was below $100
bubble keeps deflating, nothing to see here WRONG!!!!! we're already back up baby (well at least from the point where i just bought in) Blastoff!  Are you all in fiat (still)? I moved back in at 102 but my question to you is "How can you ignore the tremendous size of the buys all the way up from $65 and again yesterday?" This is BIG money and I don't think it is going to let us just drop away. "Think" being key word. ;-)  you should have been in 25-50% at the short stability at 65-70 b/c predictions on this forum were to 50, and it NEVER goes quite to the bottom. Then the whales from 70-90 could have been a big hint with a nice long pause at 87-92 for you to finish your purchasing (say up to 95% -- always leave a little  ), esp. since we've been hanging 'round 90-110 for months. Or maybe you're day-trading and you've been in and out (of Ms Market?  ) a lot since then? I actually just exited to play it safe. Looks like it is a premium to get back in (or out) with that spread. I'm trying to be safe and avoid greed as best I can. Not a day trader at all and it would probably be better if I just bought an hold. But I'm holding on ok by getting in and out on occasion. More of a swing trader, nothing like a day trader. Yeah, I should have entered at 68 but I was afraid it wasn't the bottom and didn't want to buy in at the bottom of a big red candle. That said, my finger was on the trigger. What are your feelings right now with the BTC market and it's TA? I don't like that big hanging man on high volume but as I said above, there is big money that is interested here... |
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by the by, what do you mean, time of the dragon
Was a confirmation of Otoh's report the page before. Give it all another read through: An old Chinese poem tells us that "the true measure of a mountain's greatness is not its height but whether it is charming enough to attract dragons." You and I know there are no such things as dragons, so we can't take this literally. But what if we treat it as we might a fairy tale? I suggest we draw a metaphorical meaning from it and apply it to your life. Let's say that you shouldn't be impressed with how big and strong anything is; you shouldn't give your mojo to people or institutions simply because they have worldly power. Rather, you will be best served by aligning yourself with what's mysterious and fabulous. You're more likely to have fun and generate good fortune for yourself by seeking out stories that appeal to your soul instead of your ego. |
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price falling right now, dont expect this to last long though. Get on the train now if you missed before when it was below $100
bubble keeps deflating, nothing to see here WRONG!!!!! we're already back up baby (well at least from the point where i just bought in) Blastoff! Are you all in fiat (still)? I moved back in at 102 but my question to you is "How can you ignore the tremendous size of the buys all the way up from $65 and again yesterday?" This is BIG money and I don't think it is going to let us just drop away. "Think" being key word. ;-) |
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price falling right now, dont expect this to last long though. Get on the train now if you missed before when it was below $100
bubble keeps deflating, nothing to see here You mean mini-bubble deflating. We weren't ready for $110 yet  yeah, i think i agree. in my opinion, this is sort like our first jump to 104 from 65. we couldn't handle that before consolidating when the sellers sold us down to 86. slow grind up is the best kind of climb i think it's standard distribution before consolidation It does appear like that. Very big money got us here. There are not enough buyers around for them to unload to. This is the smaller players cashing in on a profit (I hope). Big money will appear again if we go to low... |
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Now, if BTC can get up to 150-200 dollars then perhaps things change, and quick...
BTC price is totally irrelevant. If that is what makes your money back, you could have just kept your BTC and had the same gains. ALWAYS ALWAYS calculate your returns in BTC, never dollars. It really depends on your perspective. We are paying in $$$, at least a lot of us are (to buy the BTC), so we have to weigh the odds. I wouldn't say it is so cut and dry, after all, my opinion varies from yours but I can see your perspective. I can agree with trigeek, probably buying BTC is the best bet, unless you can buy a lot of Gh for cheap. But, there is something to helping the network and having fun mining. I mean when you have a hobby, how often do you even have a chance to make your money back? Maybe with Metal detecting and fishing. But the money isn't #1 I can agree. Ahhh, I feel better now. |
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So, have any group buy operators heard if they will be able to reorder USB miners for .1 BTC like BTCGuild is offering?
It would suck if the group buy administrators are not allowed to have the same deal as BTCGuild. It screws all the people that bought from group buys and unfairly rewards everyone that bought from BTCGuild...
all re-sellers are waiting on stock and instruction (how and who gets it) from the manufacturer... you all need to hold your horses and wait till friedcat makes the announcement on who, what, when, where, how etc... Yo Canary...it's been hours now! What's da word? These horses ain't gonna keep much longer  Lol.. umm yea. I'm not going to order anymore until I hear if the .1 BTC rumor is true or not. I don't wany to buy a .55 today if I can possibly buy at .1 tomorrow... On top of that, how much will the people who can buy at .1 BTC (one for one) pull the price down even further? The problem right now, even at current prices, is that the Mining sticks won't break even. I wonder at price one could even make a profit? The difficulty is rising quickly. I bought one at 270 Euro and saw the price drop to 150 Euro 3 days later. So, it is a bit risky from experience. I don't mean to spread FUD, but when the price drops so drastically and the profitability is still not reachable, one should think twice. Now, if BTC can get up to 150-200 dollars then perhaps things change, and quick... |
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Seems just as easy as when I overclocked my Celeron (was it?) like around in 2000 or so. Was as much bang for the buck as these. Forget the chip but it was known as the most overclock for the buck. That would have been the Celeron 300A. That one overclocked to 450 MHz with just a FSB bus increase from 66 Mhz to 100 MHz. Old memories... Yeah, that is it! My neighbor had one to per my suggestion. Really amazing. But going from 300 to 450MHz (50%) is even a bit less as going from from 282Mh to 450Mh (60%). Let that sink in... As long as the chips don't burn out with regular air cooling that is even better than the BEST CPU chip with over clocking ever got... IAS |
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Nice one Otoh,
Some transits that are notable, though short:
Starting NOW, we have Mars opposing the Sun for the next 4 or so days, say the next 2 days strong. This really amps one up, in this case BTC. Remember, BTC is Sun sensitive if history is any indicator. BTC will want to take over. Remember, Mars is in the 12th house and in cancer, so there is nothing shallow about this. Show me your true self... Sun is in the 6th house, BTC's work, service in a very down to earth, practical (Capricornian) way. I would interpret this positively, as long as things don't get out of hand, lots of short term energy here, lots.
Mars is also Squaring the Midheaven. A bit of an irritability regarding the workplace. Taken with the last one, perhaps the next few days are a bit erratic, almost violent. Just don't be frightened, BTC is anti-fragile and made for this.
The Sun is also conjunct the S. Node for the next 3 or 4 days, strongest the next two. Perhaps we revisit something from the past, to say goodbye, the ideal is in moving forward (n. Node) - Which is in the 7th house - relations, the other, how we appear to others in an artistic or creative way. Will we move out of the shadows? There is no guilt in saying hello to a new currency. Stay tuned...
Just noticed, Pluto is inconjunct the S. Node as well. An inconjunct is a very uncomfortable transit, though not usually thought to be as strong (or that same as) a square. Pluto loves to kill and transform what isn't needed and the S. Node is the past. Fill in the blanks. This transit is slow but we are right on it now. Will taper over the next few weeks to month imo.
Uranus is still getting closer to the Midheaven (conjunct) remember, so that with mars is SHOCKING! People will know of us, our work will be fed with energy and hopefully some perspective will shift.
Of note, TA Wise, the monthly chart looks great. We bottomed and have a green candle. We are just above support. Let's see if we can make something of the auspices here...
Critical time imo, time of the Dragon indeed...
IAS
So far I must admit the shocking part is spot on. This is Mars Uranus in action and the sensitivity BTC has with the sun to boot. We still have a few days left so hold on (up or down)... IAS |
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Thanks guys for the comments/help and insults I'll take the latter when it comes with the former. You seriously saved me hours and that is appreciated. Didn't realize it was so easy. I'll do the required reading. Seems just as easy as when I overclocked my Celeron (was it?) like around in 2000 or so. Was as much bang for the buck as these. Forget the chip but it was known as the most overclock for the buck. Thanks again, much appreciated. It's about sharing |
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Sorry for an on-topic posting , but anyone track the 3000 GoxUSD bid wall that's on $100? When was it put up, has it been touched, etc? Also, anyone care to speculate on the CampBX/bitstamp inversion? That is, normally CBX is closer to gox, but now bitstamp is closer.Don't know about CampBX but Gox is now sitting above support (technical and psychological). The longer we are there the more Bitstamps price will creep up, because people know we can pop. So, that premium for withdrawals will evaporate as we move up from 100 imo. Yeah, campbx is a small exchange and someone has been slowly dumping lots of coins ( in terms of campbx volume) by continuously setting sell orders until they fill, then rinse and repeat. They are using flat dollar amounts, 93.0, 94.0, 95.0 more or less the same thing is happening at cavirtex, its as if people are scared about MtGox price, they think its artificial so instead of letting the exchange rate catch up, they are keeping the price low and slowly selling off. they have no reason to take DUMPS as MtGox and Stamps are still both a few % points higher. A good buying opportunity if you ask me, Time is running out tho, price and volume is rising, the wall holding us back has just now been bitten into. seller are probably selling low like this because they think mtgox price will drop again, and they will forsure be able to buy lower. Most people sell at the bottom, its up to you to take advantage of that fact. You hit one point that has really caught my attention. The volume and not only the volume, but the block sizes. VERY big players brought us here. Are they taking us to support to just drop us off or go higher? I don't know, I guess either is possible. But big money would probably not be smart to do the former. When large money really starts to move in, listen. Be careful, but listen. I'm trying to do both. As it was brought to my attention, look at the weekly and monthly charts, both quite bullish. |
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Sorry for an on-topic posting , but anyone track the 3000 GoxUSD bid wall that's on $100? When was it put up, has it been touched, etc? Also, anyone care to speculate on the CampBX/bitstamp inversion? That is, normally CBX is closer to gox, but now bitstamp is closer.Don't know about CampBX but Gox is now sitting above support (technical and psychological). The longer we are there the more Bitstamps price will creep up, because people know we can pop. So, that premium for withdrawals will evaporate as we move up from 100 imo. |
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Nice one Otoh,
Some transits that are notable, though short:
Starting NOW, we have Mars opposing the Sun for the next 4 or so days, say the next 2 days strong. This really amps one up, in this case BTC. Remember, BTC is Sun sensitive if history is any indicator. BTC will want to take over. Remember, Mars is in the 12th house and in cancer, so there is nothing shallow about this. Show me your true self... Sun is in the 6th house, BTC's work, service in a very down to earth, practical (Capricornian) way. I would interpret this positively, as long as things don't get out of hand, lots of short term energy here, lots.
Mars is also Squaring the Midheaven. A bit of an irritability regarding the workplace. Taken with the last one, perhaps the next few days are a bit erratic, almost violent. Just don't be frightened, BTC is anti-fragile and made for this.
The Sun is also conjunct the S. Node for the next 3 or 4 days, strongest the next two. Perhaps we revisit something from the past, to say goodbye, the ideal is in moving forward (n. Node) - Which is in the 7th house - relations, the other, how we appear to others in an artistic or creative way. Will we move out of the shadows? There is no guilt in saying hello to a new currency. Stay tuned...
Just noticed, Pluto is inconjunct the S. Node as well. An inconjunct is a very uncomfortable transit, though not usually thought to be as strong (or that same as) a square. Pluto loves to kill and transform what isn't needed and the S. Node is the past. Fill in the blanks. This transit is slow but we are right on it now. Will taper over the next few weeks to month imo.
Uranus is still getting closer to the Midheaven (conjunct) remember, so that with mars is SHOCKING! People will know of us, our work will be fed with energy and hopefully some perspective will shift.
Of note, TA Wise, the monthly chart looks great. We bottomed and have a green candle. We are just above support. Let's see if we can make something of the auspices here...
Critical time imo, time of the Dragon indeed...
IAS
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I don't think this is a bad place to bring this up and perhaps it will benefit others as well:
Can someone point me in the direction to learn more about how to overclock on CGMiner?
I am running a Raspberry Pi with MinePeon (CGMiner is the default) and would like to learn more and be ready for the day the chips ship ;-)
Hmmm, maybe I could run two instances of CGMiner on my Pi, one for overclocked hardware and the other for non?
(I used to overclock video cards back in the day but am wet behind the ears here.)
Thanks guys,
IAS
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Hello Neil, Thanks again for the great work. My V2.2 MinePeon withe CGMiner has been up for 17 days (since update) and running flawlessly. The only problem I've had is from running a card rated at 4 (speed rating), only running 10's now. Question, it was said on the Burnin Mining hardware thread by Burnin that voltage regulation for overclocking into CGMiner is being incorporated. https://bitcointalk.org/index.php?topic=179769.msg2828622#msg2828622 It might be "reasonably stable" by next week, as Burnin said. Do you have any knowledge of or are you following this? I imagine this will eventually make it into MinePeon... Great news. Thanks, IAS |
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