It seems like Bitstamp clearly doesn't give a shit right about now...
It looks like the gap between mtgox and bitstamp will widen increasingly until in a few days or weeks when/if mtgox pulls through and isn't shut down, and the dwolla-reaction BTC rushes back in, bitcoin blasts off whilst mtgox suffers a major correction. Damn I wish I had a USD bank account for the arbitrage LOL. WTF ? Were you seriously expecting MtGox to be shut down ? They are not in the US, US law doesn't apply in Japan. Get real. easy now. I was actually saying 'when/if' just for the sake of being falsifiable. I don't see it shutting down, but the dwolla exodus panic suggests that allot of people may be thinking otherwise. Just referring that situation, somewhat too laconically I confess |
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It seems like Bitstamp clearly doesn't give a shit right about now...
It looks like the gap between mtgox and bitstamp will widen increasingly until in a few days or weeks when/if mtgox pulls through and isn't shut down, and the dwolla-reaction BTC rushes back in, bitcoin blasts off whilst mtgox suffers a major correction. Damn I wish I had a USD bank account for the arbitrage |
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is it normal that the $118 wall is showing up in all currencies on mtgox? I got the impression each currency had its own exchange
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Thanks Sword Smith. That's by far the best concise explanation I've seen on this. I get it now. I'll no doubt delve properly into one-way function theory out of interest at a later stage.
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I don't know much about quantum computers, nor cryptography, and I'm still getting my head around the idea of the blockchain, so this is a naive question. I heard that when/if we finally master real quantum processors, that they should theoretically be able to decrypt any current encryption codes.
If this were true, wouldn't it be possible therefore for whomever that future team of scientists might be to hack every wallet on the blockchain and steal all the worlds' bitcoins during preliminary experiments before anyone even knows the quantum processors work?
No need to panic right now, as I do know that this day is not coming any time in the near future, but I imagine it being a potential threat to future crypto-moneys for future generations.
I'm no quantum expert either but yes, certain parts of Bitcoin will be vulnerable to quantum computing 'decryption'. If I've understood what can happen, you'll only be exposed if you spend anything. If you don't spend then you can't have coins 'stolen' (but that spend would need to be intercepted first). Naturally, not being able to spend your Bitcoins renders the system unusable. I think there may be some maths that can't be processed on a quantum computer but I don't recall the article so I have no citation for that. That being the case though, there could well be a way of protecting the Bitcoin network against this type of attack. OK, sorry for not spending more time looking through previous threads. Having now done that, I've arrived at a similar point as Inedible describes. However, that's what I still don't understand. Given a hypothetical/fictional all-code breaking QC, I guess I'm just not clear on why it is that it would be impossible to hack the relative 'contents' of your wallet if you've never spent with it. Maybe I this post should get moved to Newbies as I'm getting the sense that it's something about what a BTC is that I may have misunderstood... |
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I don't know much about quantum computers, nor cryptography, and I'm still getting my head around the idea of the blockchain, so this is a naive question. I heard that when/if we finally master real quantum processors, that they should theoretically be able to decrypt any current encryption codes.
If this were true, wouldn't it be possible therefore for whomever that future team of scientists might be to hack every wallet on the blockchain and steal all the worlds' bitcoins during preliminary experiments before anyone even knows the quantum processors work?
No need to panic right now, as I do know that this day is not coming any time in the near future, but I imagine it being a potential threat to future crypto-moneys for future generations.
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Please stop quoting Coinseeker.
Yes please, I ignored him but I still get to see his fear mongering crap because of people quoting him. +1 |
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This too shall pass...
If and when it does we see $200 again If we figure out how to route around the damage (i.e., the G) in a reasonably efficient manner, we'll see $500 by the end of the year. Really though, we need a bank. And we're close to the point where a few of us acting together could afford to bribe the infrastructure of a small country, and get one. might not have to be a country, rather an office in international waters? https://bitcointalk.org/index.php?topic=199424.0 |
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For the past 8 days the rate has been unusually steady hardly any fluctuations, I can see a pump and dump is due within the next couple of days> I expect the price to increase a moderate 5-10% more then we will see a sudden dump with a 30% fall then a steady increase as people get out their poop scoopers to collect the cheaper coins that others lost shitting their pants
I have to agree with you. A sell order at the ready in the early 130s would be a safe bet.. We shall see! Well if you look at the past red candle activity, every week or so there is someone dumping coins, maybe its a silk road trader, but its as regular as clockwork and who ever it is, is overdue for a dump to get their hand on fiat good call! |
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Oi. You. Yeah you! Wake up - fingertips over the 12 hour channel  me? . . erm, what do you mean please? |
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Interesting watching the numerous 0.1337 sales nibble away at the available bids. I assume that it is a bot. I cannot figure a motive. Its not frequent enough to cause lag. It is not even handled - so I rule out an arb bot. Why not just buy from the large bid at the top of the depth in one lot.
Is it a signal among a team of traders? Does anyone do such a thing?
Noticed the exact same thing.  But don't project anything into this yet. People get bored, when nothing is happening. Btw. would I be allowed to make a bot that posts bank holiday information here every 24 hours? Do I need permission from the Mod Team or someone else? I can only speak for myself, but some kind of calendar with important events would be useful anyway. In case you didn't saw.. Short clip with Bill Gates, Warren Buffett and Charlie Munger on Bitcoin. Nothing special, but I think it's quite positive to see Bitcoin become a regular topic to talk about in public television. They're holding the price at 113, whilst bitstamp just saw a $2.5 drop. Coincidence? |
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 I hope this isn't too noobvious but doesn't the USD/BTC line strongly support the bears for the next couple of months? I'm sceptical about the alternative likelihood of prolonged sideways action |
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Damn that was lucky hovering over the buy button for 50coins waiting for it to nip down to $110 again. In the end just did a 'market order Feck it' moment and bought @ 111.3 just a second before that great big order went through to take us up to 116. LUCKY DAY  Very lucky. I woke up and opened my laptop literally seconds after!  It's starting to look like we're reaching the tip of the triangle earlier than expected |
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EDIT: So i was thinking the other day, in a channel like the one above, if the volume is much higher at the lows then at the peaks, that would mean there is more resistance against breaking the lower support line right?
It looks to me like high volume correlates with steep gradients more than it does to lows. |
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when the charts are flat this forum reminds me of school just a wee bit
I haven't been watching the charts but I think they're likely not that flat. I think Gox is feeding bad data. No, Gox is fine. I meant flatish, as in not rising or falling notably. 100-110 limbo cold war calms... |
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when the charts are flat this forum reminds me of school just a wee bit
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you bulls will never learn  enjoy this brief period in triple digits while it lasts +1 The wall was tested and fell..that means one thing..im not gonna buy yet...i think we are going to go much lower...maybe not today though. People are starting to realize trying to hold a magic number is silly. Let it fall. Use that money to buy back and you'll end up with more coins. Everyone who left 100, probably ended up getting cheaper coins 97-100. Let them dump. Let the price go down. Let it hit bottom, then buy. People are pulling bids then just buying back up. Much better way to do it. The lag being longer than the turnaround period is forcing allot of this by making people guess at what depth it might bounce in advance |
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Interesting choice... dumping just before the end of the longest bank holiday of the year.
For the Orient to buy cheap coins for breakfast? |
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Ok, I need to do so groceries. Everyone, stop trading!  looks like they have stopped trading! |
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Is it just me or does the wall at $120 seem is way too small to not get trivially chomped by whomever kicked the price up to where it is now?
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