Bitcoin Forum
June 18, 2024, 08:33:16 AM *
News: Voting for pizza day contest
 
   Home   Help Search Login Register More  
Poll
Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

Pages: « 1 ... 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 [216] 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 ... 33457 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26402393 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
samurai1200
Sr. Member
****
Offline Offline

Activity: 303
Merit: 250


View Profile
May 05, 2013, 01:49:53 AM
 #4301

Shit that $115 wall getting eaten up like crazy

edit: $116. So much for my weekend short position for monday madness...
seleme
Legendary
*
Offline Offline

Activity: 2772
Merit: 1028


Duelbits.com


View Profile WWW
May 05, 2013, 02:02:25 AM
 #4302

Shit that $115 wall getting eaten up like crazy

edit: $116. So much for my weekend short position for monday madness...

It was mental day, you could those that would expect this on fingers on your right hand.

But those 80 and 90 coins had to be sold somewhere
needmorecoins
Member
**
Offline Offline

Activity: 65
Merit: 10


View Profile
May 05, 2013, 02:04:31 AM
 #4303

action time!
NamelessOne
Legendary
*
Offline Offline

Activity: 840
Merit: 1000



View Profile
May 05, 2013, 02:04:49 AM
 #4304

118 so far!  Grin
samurai1200
Sr. Member
****
Offline Offline

Activity: 303
Merit: 250


View Profile
May 05, 2013, 02:04:56 AM
 #4305

$117 with many big buys. its 10AM sunday in hong kong. are we sure this action is from the CCTV news piece?
KillaMarci
Member
**
Offline Offline

Activity: 84
Merit: 10


Bitcoin Mininode...and proud!


View Profile
May 05, 2013, 02:05:04 AM
 #4306

What the crap is going on now...   Huh

Hours of nothing-ness and then a sudden surge upwards. Sounds like suicide to me.
samson
Legendary
*
Offline Offline

Activity: 2097
Merit: 1070


View Profile
May 05, 2013, 02:11:03 AM
 #4307

$117 with many big buys. its 10AM sunday in hong kong. are we sure this action is from the CCTV news piece?

News will backfire. Btcchina sucks, it's a small exchange for pocket change. Withdraw from there is limited to 10 BTC per day.
Awhut
Newbie
*
Offline Offline

Activity: 28
Merit: 0



View Profile
May 05, 2013, 02:18:04 AM
 #4308

$117 with many big buys. its 10AM sunday in hong kong. are we sure this action is from the CCTV news piece?

News will backfire. Btcchina sucks, it's a small exchange for pocket change. Withdraw from there is limited to 10 BTC per day.


Chinese can trade BTC now. What's stopping other exchanges from outperforming BTCCHINA? I don't see why limit should stay at 10 BTC with many wealthy Chinese wanting in on the action.
samson
Legendary
*
Offline Offline

Activity: 2097
Merit: 1070


View Profile
May 05, 2013, 02:20:03 AM
 #4309

$117 with many big buys. its 10AM sunday in hong kong. are we sure this action is from the CCTV news piece?

News will backfire. Btcchina sucks, it's a small exchange for pocket change. Withdraw from there is limited to 10 BTC per day.


Chinese can trade BTC now. What's stopping other exchanges from outperforming BTCCHINA? I don't see why limit should stay at 10 BTC with many wealthy Chinese wanting in on the action.

It will change but I suspect it's going to take weeks or months.

Speculative trading on the Chinese news is happening now which in my opinion is way too early.
Frozenlock
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250



View Profile
May 05, 2013, 02:25:25 AM
 #4310

Again, I want to re-emphasize that we were already in an upward trend
before the China event. It might have nothing to do with it.
SAQ
Newbie
*
Offline Offline

Activity: 56
Merit: 0


View Profile
May 05, 2013, 02:25:55 AM
 #4311

Finally some movement, but not now, I need to go to sleep!

Go back, go hang around 112 and tomorrow leg up to 125
rpietila
Donator
Legendary
*
Offline Offline

Activity: 1722
Merit: 1036



View Profile
May 05, 2013, 02:51:57 AM
 #4312

This is definitely the last one today, if you don't believe NOR know math you can go home Cheesy If you do either, and buy bitcoins, you will be very rich  Grin



I used a cocktail party example today, regarding bitcoin's utility and adoption:

When 1 person in the ball of 1000 (0.1%) uses bitcoin, it means zero utility and 1 evangelist vs. 999 crowd. It takes 999 one-on-one conversations to tell everybody about a thing that is completely useless, so it is very slow.

This must grow by 100% to reach

When 2 people in 1000 (0.2%) use bitcoin, it means 1 utility (utility is defined by number of connections between bitcoin users, expressed as a factorial (k-1)!) and 2/998. It takes 499 conversations to tell about a practically useless thing.

This must grow by 100% to reach

4 people in 1000 (0.4%) -> 6 utility (4-1)!, 4/996. It takes 249 conversations to tell about a thing that is slowly getting useful, and the group pressure begins to form, as the same conversation may have 2 bitcoin users.

This must grow by 100% to reach

8 people in 1000 (0.8%) -> 5040 utility (8-1)!, 8/992. It takes only 124 conversations (8 times faster spread than when bitcoin had 1 user and no utility, and the utility is growing very fast)

This must grow by 100% to reach

16 people in 1000 (1.6%) -> 1.3*10^12 utility (16-1)!, 16/984.

SINGULARITY

When this is reached, the utility tends to infinity.

Notice that it took exactly as much time to reach 2 from 1 as it takes to reach 7 billion from 2.

In this example, we are now half way between 1 and 2 people, and bitcoin is slowly exhibiting any utility whatsoever. If the utility does not correlate with spread, we will reach $300k anyway, but it will be 3 years from now. If it does correlate, bitcoin adoption can and will happen in 3-6 months.

- The utility will grow factorially (factorial growth >> exponential growth(!))
- The spread rate is inversely correlated with the number of current users

The number of possible connections between two users out of N is actually N choose 2, which is quadratic...

Oops, i was too tired.  Embarrassed

 Did not change the outcome, though, since (quadratic > exponential)

not >> but matters little since currently the exchanges are the bottleneck

or how about multisig connections...  Roll Eyes

 Grin
Richy_T
Legendary
*
Offline Offline

Activity: 2450
Merit: 2130


1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k


View Profile
May 05, 2013, 02:55:24 AM
 #4313

We definitely need another exchange. I know there may be those out there with the skills to create a fantastic exchange but who are lacking the resources. In the spirit of supporting Bitcoin, I have some Pokemon cards I would be willing to lend out to help someone get started.
hlynur
Hero Member
*****
Offline Offline

Activity: 770
Merit: 501



View Profile
May 05, 2013, 03:01:11 AM
 #4314

$117 with many big buys. its 10AM sunday in hong kong. are we sure this action is from the CCTV news piece?

News will backfire. Btcchina sucks, it's a small exchange for pocket change. Withdraw from there is limited to 10 BTC per day.


Chinese can trade BTC now. What's stopping other exchanges from outperforming BTCCHINA? I don't see why limit should stay at 10 BTC with many wealthy Chinese wanting in on the action.

It's definitively a good sign for more bitcoin adaptation in china.
in connection with cheap energy cost, world's biggest exporter / world's biggest producer of mining hardware and so many potential buyers (the educated social class represents nearly whole population of USA) the market there could grow real big in longterm.
Although nobody can predict how the government will react to such developement, the political system in china enables a ban more easily than in western countries.
The CCTV report will be used for some marketgambling and typical pumpdump-action in shortterm as usual with any new media coverage or rumor but for the long run this is a very bullish sign imo.

foo
Sr. Member
****
Offline Offline

Activity: 409
Merit: 250



View Profile
May 05, 2013, 03:04:13 AM
 #4315

BTCChina is down. DDoS?

Edit: Just as I was about to post, a CloudFlare page appeared...
Geist
Member
**
Offline Offline

Activity: 70
Merit: 10



View Profile
May 05, 2013, 03:07:33 AM
 #4316

http://www.reddit.com/r/Bitcoin/comments/1dltvr/krakencom_us_exchange_opens_beta/

It's not up yet, but Kraken seems promising as a new Exchange. Coinlab sounded interesting as well, but I'm not entirely sure how that's going.
keewee
Legendary
*
Offline Offline

Activity: 1025
Merit: 1000



View Profile
May 05, 2013, 03:09:17 AM
 #4317

adamstgBit
Legendary
*
Offline Offline

Activity: 1904
Merit: 1037


Trusted Bitcoiner


View Profile WWW
May 05, 2013, 03:15:01 AM
 #4318

montreal meetup was fucking AWESOME! not too many people, but tons of fun!



buy tons of bitcoin  Wink
Geist
Member
**
Offline Offline

Activity: 70
Merit: 10



View Profile
May 05, 2013, 03:15:46 AM
 #4319

montreal meetup was fucking AWESOME! not too many people, but tons of fun! .. buy tons of bitcoin!
I wished I lived near a bitcoin meetup. But sadly I live in the middle of nowhere.  Cry
Frozenlock
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250



View Profile
May 05, 2013, 03:16:22 AM
 #4320

montreal meetup was fucking AWESOME! not too many people, but tons of fun!



buy tons of bitcoin  Wink

There was a Montréal meetup?!  Shocked
Nobody told meeeee!
Pages: « 1 ... 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 [216] 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 ... 33457 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!