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likely to bounce fairly well off the mid-70s before going deeper though surely?
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Whatever the worth of this Winkle affair, I'm still undecided as to its actual effect on the market. Negligible volume on the exchanges reflects indecision too. Like the stillness before an execution ...
I'd say mostly positive... we're dealing with a stronger dollar now that the economic data coming out of the US is a bit rosier and the Fed might start tightening its belt, yet bitcoins have held up relatively well. Mt. Gox's situation is certainly causing some indecisiveness, but maybe the unrest in Egypt will shakeup the media enough to remind people of the Cyprus rally.  Yes, there are those positives, but the exchanges have become less subject to 'maybe if' news lately. It won't turn bull without hard evidence of significant benefits to the market. |
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Whatever the worth of this Winkle affair, I'm still undecided as to its actual effect on the market. Negligible volume on the exchanges reflects indecision too. Like the stillness before an execution ...
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They only use 3 watts? holy cow.
.5 Amp * 5 Volts = 2.5 Watts That explains it then. 83W was something I misread. I hide in shame and nwo get on with placing an order!  |
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I'm confused. With projected increasing difficulty rates, http://www.bitcoinx.com/profit/ suggests you never break even (83W, 330MH/s), or can just about break even with solar panels. I see these selling fast. I've checked my calculations for misplaces decimal places but it looks right... What am I missing here? |
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Regarding investing in LTC. I'm not against it, but not for it at the moment. Many of us here see BTC coming down in price, perhaps a lot. Since the cryptocurrencies are VERY tied to BTC's price, one should probably not get into them during a BTC correction.
I agree not to advise investing in LTC for now, sure. But trading is a good idea right now. I made 20% profit on my BTCs by buying and selling LTC in the last 2 days, and I'm basically a noob at trading. Definitely worth doing again when/if gox announces doing LTC officially. They did announce it officially on the facebook page. No date yet but it's coming. I picked some LTC up at about $2.30 recently and it's gone up quite a bit since then. I think I'll just hold onto it for the next month or two and see how it plays out. Perhaps it was just announced to show some sort good news, too? Yup. announced, but not yet adopted is what I'm insinuating. Wait and see I guess |
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Regarding investing in LTC. I'm not against it, but not for it at the moment. Many of us here see BTC coming down in price, perhaps a lot. Since the cryptocurrencies are VERY tied to BTC's price, one should probably not get into them during a BTC correction.
I agree not to advise investing in LTC for now, sure. But trading is a good idea right now. I made 20% profit on my BTCs by buying and selling LTC in the last 2 days, and I'm basically a noob at trading. Definitely worth doing again when/if gox announces doing LTC officially. |
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Has anyone managed to run armory in a usb bootable OS? I've tried with ubuntu 11.10, 12.04, and 13.04 and always get the following error when trying to run the armory_0.88.1-beta_amd64.deb installer:
"Dependency is not satisfiable. python-psutil"
It installs fine on my regular hard-drive ubuntu 11.10
I'm using a Dell latitude e6430,
Intel® Core™ i7-3720QM CPU @ 2.60GHz × 8,
8GB RAM, 64-bit
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I was hoping mtgox Euros prices might follow the USD less sluggishly.
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Bad news ad infinitum, be prepared for the coming weekend dip.
Mmm... I sense a replay of the Dwolla-news-effect is coming - just an order of magnitude bigger this time. Prepare to see price going up on Gox and down on other exchanges. Nothing but wishful thinking  LOL, I spent about $60k when word of this delay started to emerge last week. This is money I've been sitting on for over a month waiting for lower prices. I suspect this is the only reason why the price went up to $113 recently - people who were paying attention knew something was wrong and decided to get out of Gox. I expect to see lots of big BTC purchases very soon. If gox are being truthful about this only lasting for 2 weeks, this won't be so drastic, as waiting for 2 weeks for gox priced bitcoins might work out better than selling them off cheaper in other exchanges. That is IF it really only lasts for 2 weeks |
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"adds an eight percent hedge in his favour as a way of offsetting potential fees in converting bitcoins." what a great deal that is...i'll definately use bitcoin over cash for a mere 8% fee...what a bargain. That 8% thing is typical Pembury greed preying on local hipsters. Their carbonara pizza looks amazing and filled with goodness until you touch it and it deflates to an empty nothing. I'll not be giving them my BTC |
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We define evidence and hope differently, a few of the highlights:
Nice charts, but "evidence"? They show what we all know: it's been going down. Volume has been low. We know. It's not evidence of future performance. The time to buy in is the lows of a bear market when everyone is crying scared. Looking around this thread, we can't be far off. <sheepishly returns after large fail> Don't know about the low of the bear market, but I do think that a lot are scared of a repeat weekend dump and this is capping the price for now, and some have probably sold in anticipation of it - a dangerous game I agree with eurotrash that this it is unlikely we see a repeat tonight, but clearly I am guessing. If we don't, I would expect a rally next week as people buy back/regain a bit of confidence. The dumper clearly busted a few people up. He would be a fool to smack the market again unless he really wants to destroy confidence and has the ammo to do it. That said, I think there is still an overhang of unsold coins capping any strong rally I'm expecting the Sunday dumper to dump a day or two later after there's been a 'no Sunday dump, yay' rally |
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walzilla flickering in and out at 105.
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Man, panic buying going on. As soon as it hits 120, I'm shorting like crazy...
 apparently manipulators want the price to keep high for a wile.. the drop will be massive. .. we might hit real bottom this time there's not enough bying power yet to turn trend imho. been watching orderbook .. the real buy power isnt there yet.. but it's definately bigger as last weeks.. even when i'm having a little loss.. i rather have moving volumes then boring trading as last weeks.. so i can correct my mistakes +1 The increase in volume is mainly due to traders scalping on higher volatility with some isolated big buys and lemmings following. The trend is still downward currently. +2 unfortunately, I don't see a bullish market now. despite some efforts It's sad that the price tends to move down... The big buys were isolated efforts from big buyers but I don't see collective push towards the 110's yet... if this week stays in the 105 range, next weekend will be devastating...  I didn't like the low volume that led up the the fall. But, what about us sitting on the 100day ema? If the low volume returns then your words need heeding. no volume. These recent events (edit: the last two big buys) have left too many small-players indecisive. Maybe this could enable enough insane traders with big money to maintain a scary rally for a number of days before dumping into an inevitable 'devastation' phase |
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bids too low again. dammit
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I'm getting fed up with the 0.0100 bot delaying my expectations
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Feeling playful lately. Bought some on the way up at $101ish due to move up backed up by volume, sold at $108.5
I don't expect BTC breaking $115 before crashing again.
I'm afraid you're right. By this do reckon that bull whales won't buy in again until it goes back down? I can't imagine it dropping below 100 without big bears like Mr Sunday-dump |
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Morning bitcoin maddness. Bloody typical. Just as I decide to grow balls and wait for another big dump, this happens!
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The only thing I'm currently concerned is that there is/are a dolphin (I find them cuter) who was able to manipulate once the market , when it was around 120.
If the price drops , even now at 90 , if he buys back he will get more BTC than he had and he can play his card better.
Now , if he keeps this game with 2 drops and then one buy a few times undisturbed he will slowly gain more influence ....
Of course we add around 3500 coins daily to compensate this , but, still an unhealty scenario.
A guy with enough bitcoins who is in only for gains , enough power to influence the price... sounds like a .. central b***.
If it's the same guy who dumps every sunday i don't see him buying anything back. He's getting out and depending on how many coins he has this could go on for a while. You could think he does it on sunday morning to cause as little panic as possible. If he was after a price drop to buy back more i'm pretty sure he would do it differently. Maybe he's busy doing whatever he does for the rest of the week and likes to play with his Bitcoins on Sundays. Solar panel super-miner? |
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