Mervyn_Pumpkinhead
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Activity: 876
Merit: 1000
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November 24, 2015, 11:40:38 AM |
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why would I waste perfectly good creativity on a bear trolling thread? ... this is where I come to dump on bitcoin haters, the creative magic happens elsewhere, it would be wasted on dolts like you besides.
Why are you so hateful and arrogant? Did you change after buying bitcoin or you've always been like this?
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marcus_of_augustus
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Activity: 3920
Merit: 2349
Eadem mutata resurgo
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November 24, 2015, 11:46:14 AM |
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why would I waste perfectly good creativity on a bear trolling thread? ... this is where I come to dump on bitcoin haters, the creative magic happens elsewhere, it would be wasted on dolts like you besides.
Why are you so hateful and arrogant? Did you change after buying bitcoin or you've always been like this? Mostly because of suffering idiots like you that inhabit this planet ... btw, before I was worse, bitcoin has changed me into a better man!
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Elwar
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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November 24, 2015, 11:46:27 AM |
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very stable price it's good Good for what? Not for trading at least... if you're not into blind gambling, then you'll start to play only after there is some observable momentum. Good for use as a currency. Temporal stability doesn't make bitcoin good as a currency. Stability should be predictable and stable for a lot longer periods then days, weeks or even months. Currently it's just a low quality currency losing it's only attractive attribute that is being good for speculation. I use it for currency. Two weeks of stability means that I am spending what came in at my last paycheck. Shooting up or down requires that I adjust my spending habits accordingly.
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HWoodrow
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November 24, 2015, 11:53:05 AM |
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We have reached some stability in this period after the last pump and dump. Think that in the next P&D price will be around 400$, I'm sure about this
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ChartBuddy
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Activity: 2338
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 24, 2015, 12:01:19 PM |
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Mervyn_Pumpkinhead
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Activity: 876
Merit: 1000
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November 24, 2015, 12:21:38 PM |
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Mostly because of suffering idiots like you that inhabit this planet ... btw, before I was worse, bitcoin has changed me into a better man! I increased my gambling funds 43,2% with this Oct-Nov spike. With a loss of about 4%, when making the wrong bet that this will continue soon. So, why do you think I'm suffering? How does imagining my suffering help you? Ah, you were worse before.. I see.. your eyes may have seen some terrible things before bitcoin then. I don't think it's very ethical to entice you anymore.
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Mervyn_Pumpkinhead
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Activity: 876
Merit: 1000
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November 24, 2015, 12:24:14 PM |
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I use it for currency. Two weeks of stability means that I am spending what came in at my last paycheck.
Shooting up or down requires that I adjust my spending habits accordingly.
Good point. One may have better use for a low quality currency, when ones only financial plans involve paycheck-to-paycheck calculations.
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arandy
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November 24, 2015, 12:31:10 PM |
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Lets all enter the fantasy trading competition and win $1000 in BTC, see who has BTC trading skills and who has not I entered although i know i don't have much chance of winning i'm a real trading Noob :p https://www.whaleclub.co/
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ChartBuddy
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Activity: 2338
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 24, 2015, 01:01:17 PM |
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galdur
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November 24, 2015, 01:49:01 PM |
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Ballooning difficulty
Nov 24 2015, 72,722,780,643 +10.44%
Estimated Next Difficulty: 80,247,935,027 +10.35%
Adjust time: After 1945 Blocks, About 13.1 days
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LuckyYOU
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November 24, 2015, 01:59:18 PM |
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We have reached some stability in this period after the last pump and dump. Think that in the next P&D price will be around 400$, I'm sure about this Yes indeed, i'm liking it. Can't wait for the next pump and dump.
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ChartBuddy
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Activity: 2338
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 24, 2015, 02:01:11 PM |
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Fatman3001
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Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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November 24, 2015, 02:15:35 PM |
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Ballooning difficulty
Nov 24 2015, 72,722,780,643 +10.44%
Estimated Next Difficulty: 80,247,935,027 +10.35%
Adjust time: After 1945 Blocks, About 13.1 days
Translation for non-miners: Mining profitability fell by 10.35%. Due for another fall in 13.1 days Wrong. Try again.
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QuestionAuthority
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Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
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November 24, 2015, 02:21:06 PM |
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So, to the moon or riding a city bus in flatland?
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LMGTFY
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November 24, 2015, 02:39:21 PM |
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Using bitcoin options is one step closer to playing with dumb blind luck. "Keeping it simple" is about playing when there is momentum, and using your funds for something else when there is no momentum. Trading bitcoin and its derivatives isn't the only way you can use your funds to earn. It's even better to play poker with your money, during these times of uncertainty. At least that way you'll have more control of the outcome. And you just don't use more funds for speculating the price of crypto, then you would use in a casino for entertainment. If you plan to use more funds, then you'll invest into more secure directions, like the infrastructure that revolves around bitcoin, that is less dependent on bitcoin's success and price, and more dependent on the entire future of cryptocurrencies. This way you'll also have more control on the outcome of things and you don't have to depend on blind luck.
I don't know why you're so certain dumb blind luck is involved. I put the same amount of thought into options trades as I would any other trade - only difference is I tend towards options when volatility is low. I trade mostly in BTC so exchanging the BTC I set aside for trading for fiat would be a cost, and playing poker probably much more so. I would say I've had more luck trading options, particularly during the past year when we were ranging between ~200 and ~300, than straight trading - except I don't believe luck had much to do with it. I sold puts when prices started falling back from 300, and I sold calls when prices started lifting from ~200. Had the range been narrower and volatility even lower I'd have considered selling straddles or strangles, but I'm happy enough with my profits.
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noobtrader
Legendary
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Activity: 1456
Merit: 1000
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November 24, 2015, 02:40:33 PM |
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Ballooning difficulty
Nov 24 2015, 72,722,780,643 +10.44%
Estimated Next Difficulty: 80,247,935,027 +10.35%
Adjust time: After 1945 Blocks, About 13.1 days
Translation for non-miners: Mining profitability fell by 10.35%. Due for another fall in 13.1 days Wrong, try again. 100% right. Feel free to point out my errors. Show your work. *Actually, 10.35% is the drop is in gross revenue (coins mined). Drop in profit (or increase in loss) is far more substantial. calculating using 5 T miner at 72,722,780,643 difficulty : 1.037 Btc per month at 80,114,396,770 diffculty : 0.9416 Btc per month looks like 9,2 % reduction to me
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galdur
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November 24, 2015, 02:48:01 PM |
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Pretty sizeable difficulty increases (+80% so far) this year. And it seems to be accelerating. Ten % or so projected in two weeks. - Difficulty History
Date Difficulty Change Hash Rate Nov 24 2015 72,722,780,643 10.44% 520,569,941 GH/s Nov 11 2015 65,848,255,180 5.77% 471,360,171 GH/s Oct 29 2015 62,253,982,450 2.25% 445,631,364 GH/s Oct 15 2015 60,883,825,480 0.12% 435,823,399 GH/s Oct 01 2015 60,813,224,039 2.49% 435,318,014 GH/s Sep 17 2015 59,335,351,234 4.17% 424,738,988 GH/s Sep 04 2015 56,957,648,455 4.98% 407,718,729 GH/s Aug 22 2015 54,256,630,328 2.95% 388,384,088 GH/s Aug 08 2015 52,699,842,409 0.81% 377,240,166 GH/s Jul 25 2015 52,278,304,846 2.35% 374,222,683 GH/s Jul 11 2015 51,076,366,303 3.39% 365,618,871 GH/s Jun 28 2015 49,402,014,931 -0.58% 353,633,397 GH/s Jun 14 2015 49,692,386,355 4.42% 355,711,957 GH/s May 31 2015 47,589,591,154 -2.50% 340,659,563 GH/s May 17 2015 48,807,487,245 2.44% 349,377,603 GH/s May 03 2015 47,643,398,018 0.07% 341,044,727 GH/s Apr 19 2015 47,610,564,513 -3.71% 340,809,696 GH/s Apr 05 2015 49,446,390,688 5.84% 353,951,052 GH/s Mar 22 2015 46,717,549,645 -1.50% 334,417,246 GH/s Mar 08 2015 47,427,554,951 1.59% 339,499,662 GH/s Feb 22 2015 46,684,376,317 5.01% 334,179,783 GH/s Feb 09 2015 44,455,415,962 7.71% 318,224,263 GH/s Jan 27 2015 41,272,873,895 -6.14% 295,442,739 GH/s Jan 12 2015 43,971,662,056 8.20% 314,761,417 GH/s Dec 30 2014 40,640,955,017 3.00% 290,919,288 GH/s
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Fatman3001
Legendary
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Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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November 24, 2015, 02:53:05 PM |
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Ballooning difficulty
Nov 24 2015, 72,722,780,643 +10.44%
Estimated Next Difficulty: 80,247,935,027 +10.35%
Adjust time: After 1945 Blocks, About 13.1 days
Translation for non-miners: Mining profitability fell by 10.35%. Due for another fall in 13.1 days Wrong, try again. 100% right. Feel free to point out my errors. Show your work. *Actually, 10.35% is the drop is in gross revenue (coins mined). Drop in profit (or increase in loss) is far more substantial. The price of BTC went up from $235 to $325 and all the new miners are far more power efficient. You could argue that there was a loss in profitability for the network in that particular round of 2016 Blocks, but the previous rounds saw massive increases in profitability. And the loss would not be by 10.35%, because the network is also more power efficient now. If you meant from one day to another then, sure. But then it's worth mentioning that any increase in efficiency and BTC price between now and the next difficulty adjustment will lead to increased profitability which the difficulty adjustment will have to detract from before overall profitability goes down that round. What will be interesting to see is if the mining industry can build up a wider margin of profitability before the halving, or if it will keep pushing the limits until a large portion is instantly unprofitable. I fear a lot of them is hoping the BTC price is magically going to do it for them and they might get smacked in the face. Anyhew, didn't mean to get in the way of your trolling. Carry on. PS: If you really want to stir up some FUD you can look at how the large majority of mining power is controlled in China. That means that if the Chinese government sat down and made some phone calls, like they did with exchanges in 2013, they can compromise the integrity of the entire Blockchain. Trustless what, what? Edit: https://blockchain.info/poolsAntpool, F2Pool, BTCC pool and BW are chinese.
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ChartBuddy
Legendary
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Activity: 2338
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 24, 2015, 03:01:19 PM |
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noobtrader
Legendary
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Activity: 1456
Merit: 1000
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November 24, 2015, 03:02:15 PM |
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Ballooning difficulty
Nov 24 2015, 72,722,780,643 +10.44%
Estimated Next Difficulty: 80,247,935,027 +10.35%
Adjust time: After 1945 Blocks, About 13.1 days
Translation for non-miners: Mining profitability fell by 10.35%. Due for another fall in 13.1 days Wrong, try again. 100% right. Feel free to point out my errors. Show your work. *Actually, 10.35% is the drop is in gross revenue (coins mined). Drop in profit (or increase in loss) is far more substantial. The price of BTC went up from $235 to $325 and all the new miners are far more power efficient. You could argue that there was a loss in profitability for the network in that particular round of 2016 Blocks, but the previous rounds saw massive increases in profitability. And the loss would not be by 10.35%, because the network is also more power efficient now. If you meant from one day to another then, sure. But then it's worth mentioning that any increase in efficiency and BTC price between now and the next difficulty adjustment will lead to increased profitability which the difficulty adjustment will have to detract from before overall profitability goes down that round. What will be interesting to see is if the mining industry can build up a wider margin of profitability before the halving, or if it will keep pushing the limits until a large portion is instantly unprofitable. I fear a lot of them is hoping the BTC price is magically going to do it for them and they might get smacked in the face. Anyhew, didn't mean to get in the way of your trolling. Carry on. PS: If you really want to stir up some FUD you can look at how the large majority of mining power is controlled in China. That means that if the Chinese government sat down and made some phone calls, like they did with exchanges in 2013, they can compromise the integrity of the entire Blockchain. Trustless what, what? Edit: https://blockchain.info/poolsAntpool, F2Pool, BTCC pool and BW are chinese. lets check my latest price/mining cost perspective @ 62,253,982,450 difficulty price of btc per mining cost perspective (eletricity price @ 12 cent).... @ old miner 1T/1000 watt miner , cost of 1 BTC is now 350 @ new miner which 2T/1000watt miner, cost of 1 BTC is around 175 @ newest miner which 4T/1000watt miner, cost of 1BTC 86 (if this really exist) - this is just electricity cost. - new miner need to ROI
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