Just for some perspective regarding my question before. To purchase 5000 coins on stamp would move the market around $50, from 650 to 700.
So, to buy 30,000 coins (even spread across a few exchanges) would probably move the market $100 easy.

And companies like Bitpay, etc. are probably making a nice premium selling their BTC's to large pockets.

IAS

Honestly, the event horizon is getting to the point that looking one year out is hard.
It is starting to really look like BTC might be the foundation for the 2.0 technologies and
A host of other coming technologies. Those "crazy" price projections are starting to
make contextual sense as the holes are being filled with so many possibilities.

Its about sharing

Do you really understand how disruptive this space is?

I think you have selective memory here. I wouldn't call my actions as defending them. I was often critical of them, especially in the last 3 weeks or so. The thing I did jump into was to quell the personal attacks. I saw those as getting in the way. You need to take a look at my posts over the last few weeks before spouting that stuff again, and don't be selective. Look at them all. Multiple times I mentioned and thankedboth Retro and Vesper for their work.

I might have lost 500 Euro. I don't even make much money but I have called my investments right in this space spectacularly so, and taken some, what others would call, huge risks along the way. So I am not sure if you expect me to be angry or the like. I move on and don't hold. I am super happy to have been able to experience all that I have in this space, everything. I am just not very affected by all of this. I'm honestly enjoying life too much.

I chose my handle for a reason,
Its about sharing

Ps - My post you replied to had NOTHING at all to do with discounting AT. I was saying the crashing price of LTC is a huge issue. And probably losing just the deposit would be better, for me anyway, than having a miner right now, as you alluded to. Less of a loss financially perhaps.

Has anyone calculate about how much the BTC price would rise if one were to buy 30,000 BTC across the biggest exchanges?
I'm wondering about how the bidders calculated the premium on the bids.

Was just talking about something similar in another thread.
Think back to a year and what was happening then. Essentially speculation.
Now look at "us". Where will we be in another year? Scary to suppose...

Its about sharing

What is scary strange is just how fast this space is moving. Think back to just a year. There was not much going on outside speculation.
Now, Wall St. is just starting to get involved, Money is pouring in to infrastructure, Wallets and Services abound, big companies are jumping on board, etc.

What about in another year? Seriously, if this continues (and not to dwell on price but it is a huge measure of adoption and success) we might be in the $5,000-$10,000 range.
Unless something catastrophic happens then things are going to continue. And by catastrophic, I mostly mean I don't think the Elites planned that the free market might
rescue people from their planned USD/Euro collapse... (Unless BTC is theirs   ) No more wars please... (For the love of People)

IAS

Wow, what a potentially beautiful thing Draper did. I have imagined that Bitcoin will be a way of transferring wealth to the developing world.
But how to get it there before the price explodes. Well, if Draper is thinking what I am, then Kudos to him. Amazing.
Looking forward to how they work this out.

As mentioned before, a bigger problem is the LTC price. http://www.coindesk.com/litecoin-price-decouples-bitcoin-slump-continues/

A snippet:

The biggest problem is the sheer lack of money in litecoin and that other popular alternative cryptocurrency dogecoin.

The combined market cap of the two most popular scrypt altcoins is about $250m, yet KnCMiner was hoping to sell 2,500 Titan miners at $10,000 apiece – and that’s just the first batch of such miners, from a single company.

In other words, if it shipped today, a single batch of KnC’s scrypt miners would cost $25m – roughly 10% of the combined market cap of litecoin and dogecoin.

A glance at those figures reveals that this level of investment in scrypt mining hardware will be hard to justify and maintain in the long run.

Additionally, the added hashing power these miners will bring is likely to further impact prices of scrypt-based altcoins in the near future.

XCP (and the Counterparty wallet) just blows me away. The potential of a coin to do where this is going is mind bending.
Looking into these 2.0 technologies. Not saying it will make you money, but the programmability and overall nature of
them is just incredible.

I couldn't get it running from source. Did you have to delete anything along the way?

Thx in advance,
IAS

ps - I look forward to a GUI wallet in 3-6 months. Hope they can deliver then. I understand they have more important things but with distribution
still ongoing, I feel it is important to have easier access for the masses. (ehehhe, as if most people even are considering BTC.)

29,000 coins were sold, but that was just the escrowed coins (or something like that).
Ulbrichts private stash is 144,000 coins. So, for perspectives sake, things are "just starting".
I quote that as the trial may be a bit long so who knows when those coins hit the market.

But, most importantly, the sale has been bullish. It has been shown the demand is way higher than the supply.
I imagine companies like Bitpay and the like can have buyers for all coins collected each day (meaning their coins may never hit markets.)

IAS

I really wondered about this. The chart (me being a TA guy, at least more in the past) is ugly though.
Not saying we don't go up though, but short term it does look like down for a bit more.

Just wanted to share some of my Gann charts. I have back-tested the ratio's used (comparing many and finding the best over time). Past charts have been very accurate and if you closely study these you will see they are fairly accurate.

The first chart is my "down chart" and the second is my "up" chart. The down chart is longer term and I based the up chart on the break of the downtrend (of course.)
Basically, the red diagonal lines and the black lines are resistance lines. The red bands are resistance/support and the green bands are "boosts" (usually).

On this first chart we are very close to resistance (red) just above current levels. But if we break that then resistance would be the double red band above and to the right.



You can see that the double green band acted as a spring to move up from. And now we are once again in it.
Being above the red diagonal line is significant. That was HEAVY resistance, so we are in a good place overall.

Anyone notice LTC is still going down? I wonder how this is going to affect Scrypt ASIC's?

Thank you. Perhaps one of my greatest honors in recent internet memory.

And on a further serious note, this is inevitable. As I've proposed before, Crypto currencies and related technologies are going to shift our
reality some. I really see what is happening as an exponentially shifted Industrial Revolution, or better yet, a NEW AGE.
Boundaries are getting thinner fellas. You can run, but you can't hide.
A taste of the red pill is here.

Its about sharing

Well, that is certainly good news and what many of us want. No reason for the customer to take any more risks.
If they have that unit running then I am very likely to take part. I can't excuse some of the practices, posts, their deletions, etc. but at least I hope they get some units running with proper certification (if necessary.)

Thx,
IAS

What do you think will happen when BTC is at $10,000 per BTC to the alt coins? Will they still move at the same ratios? I am getting the feeling they might not due to perceived value but then again when you can buy an Alt coin with a strong network for a fraction of that, then perhaps they do move together. For comparisons sake XMR at .005 would equate to $50. Dark at .017 = $170.
And as time goes on I think many coins would be accepted. It will be "plug and play" as far as many websites are concerned. And who knows what happens once we have our AOL moment.

I do however think that when BTC really starts to move up in price we will see a CLEAR distinction between the #2-#5 coins (for example) and those lesser ones.
Something like XMR, if things continue well with development and eventual a GUI wallet for wider adoption, will be very catchy. Unfortunately some of the coins with
questionable pasts (e.g. Dark, Cryptcoin, etc.) might take off just on "name" along.

This is certainly going to get more and more interesting. Again, enjoy the ride fellas.

IAS

Great dev team and big money behind it is a recipe for success, adoption etc. Hero members can't be overlooked - move the market and they will come. Create the features and they will use, tell others...repeat.

And this came on page 42 no less. The answers abound.

For good measure I recommend throwing in some J. Krishnamurti into the trio as well. And of course, to "do" some of what the trio said - Yes, if you are open to it the Shamanistic plants that have been used for 10's of thousands of years and much safer that what the doctor gives you; Best way to switch O.S. systems, but not for the faint of heart. When you have the red pill, you can't "exactly" go back. (I've heard   )

McKenna focused on direct experience and my understanding/observation is that we are nothing but philosophers and spewers of information without it. Go beyond it. We are led by the mind, which by definition is of the past and old (J. Krishnamurti). I still quote on occasion, but I hope the point is made.

Not really off track when we think of the revolutionary nature at stake here. The apparent disharmony at work here, to me, is just a play of something much larger which we apparently are a part of. I actually enjoy the way Bill Hicks explained this all as a ride https://www.youtube.com/watch?v=iMUiwTubYu0.

So, Bitcoin as language touches a part of the brain that is inherent - our language centers. When we start to see/use/understand money differently, we start to see life differently. Language forms our world in large part and as we use money (a form of language) differently, our world, beliefs, reality, etc. will adjust. Not to say there won't be bumps along the way...  In a very real way, the effect of Cryptos on us will be a consciousness shift, and I say an expansion, how much is a bit up to the individual and how open you already are (hence expansion) - how deep do you want to take it? It is, and will be, a step towards a reboot for many people.  And with disruption on top of disruption coming our way, there is going to be a synergistic effect that takes place on our minds and hence, on our reality.

Back to the more direct topic at hand, we are again nearing a critical level. My Gann chart says we are one some support but bigger support is below and the FBI auction on Friday is probably making some nervous people. But, once those coins are off the table, that is just that many fewer BTC's. (Until following auctions) The recent trendline shows support at 540 ish on my chart. We can flash crash lower, but I only would see it as a flash crash as big money wants in.

IAS