freedomno1
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Learning the troll avoidance button :)
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June 18, 2013, 03:58:58 AM |
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Believing in Bitcoins and it's ability to change the world
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"You Asked For Change, We Gave You Coins" -- casascius
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bitfair
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June 18, 2013, 04:01:05 AM |
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Could it be someone is selling in order to have cash on hand to buy back cheaper during the expected "n00b drop" on Wednesday?
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freedomno1
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Learning the troll avoidance button :)
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June 18, 2013, 04:05:24 AM |
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Could it be someone is selling in order to have cash on hand to buy back cheaper during the expected "n00b drop" on Wednesday?
Perhaps I just saw a bear on this page and had to toss it back
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Believing in Bitcoins and it's ability to change the world
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notme
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June 18, 2013, 04:05:54 AM |
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Could it be someone is selling in order to have cash on hand to buy back cheaper during the expected "n00b drop" on Wednesday?
Perhaps I just saw a bear on this page so had to toss it back You'd better get on the market if you want to toss a bear.
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freedomno1
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Learning the troll avoidance button :)
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June 18, 2013, 04:08:56 AM |
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Could it be someone is selling in order to have cash on hand to buy back cheaper during the expected "n00b drop" on Wednesday?
Perhaps I just saw a bear on this page so had to toss it back You'd better get on the market if you want to toss a bear. Later after Wednesday's noob drop, markets did adjust a bit for lower expected news Also it was notme that brought a bear into the room whistles innocently I just sent it back to it's natural habitat PS: Someone knew the reference + 1
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Believing in Bitcoins and it's ability to change the world
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notme
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June 18, 2013, 04:18:17 AM |
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There seems to be a bull on havelock and a bear on btct.co... we'll see who wins.
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freedomno1
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Learning the troll avoidance button :)
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June 18, 2013, 04:20:43 AM Last edit: June 18, 2013, 04:42:20 AM by freedomno1 |
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There seems to be a bull on havelock and a bear on btct.co... we'll see who wins.
Well given the exchange differences would say Bitfunder and Hav are market rate btct.co Undervalue But we will see Also thanks helped clear my wall a bit goes to do some btct arbitrage if that stays there guess I will toss a bit eat some bears up After 3 confirms hehe Now I do feel like I'm in the speculator thread xd Scared nothings between 0.3 and 0.31 lol
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Believing in Bitcoins and it's ability to change the world
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notme
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June 18, 2013, 05:27:57 AM |
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There seems to be a bull on havelock and a bear on btct.co... we'll see who wins.
Well given the exchange differences would say Bitfunder and Hav are market rate btct.co Undervalue But we will see Also thanks helped clear my wall a bit goes to do some btct arbitrage if that stays there guess I will toss a bit eat some bears up After 3 confirms hehe Now I do feel like I'm in the speculator thread xd Scared nothings between 0.3 and 0.31 lol Need more arbitrage! Standing Bids on Havelock: 2013-06-18 01:23:42 171/171 ฿0.02999001 ฿5.1283 2013-06-18 01:19:47 3/3 ฿0.02998001 ฿0.0899 2013-06-18 00:43:10 210/220 ฿0.02997000 ฿6.2937 2013-06-18 00:47:29 70/70 ฿0.02950000 ฿2.0650 2013-06-18 00:49:28 10/10 ฿0.02910010 ฿0.2910 2013-06-18 00:48:50 1089/1089 ฿0.02910000 ฿31.6899 2013-06-18 00:17:55 19/19 ฿0.02900100 ฿0.5510 2013-06-18 01:20:10 5/5 ฿0.02853702 ฿0.1427 2013-06-18 00:47:06 1750/1750 ฿0.02853701 ฿49.9398 Standing Asks on btct.co: 1 ฿ 2.82 1 ฿ 2.8299 1 ฿ 2.83 1 ฿ 2.839999 2 ฿ 2.84 1 ฿ 2.842 1 ฿ 2.843 2 ฿ 2.844 1 ฿ 2.848 1 ฿ 2.849 1 ฿ 2.85 2 ฿ 2.866 1 ฿ 2.8661 1 ฿ 2.8666 1 ฿ 2.867 5 ฿ 2.86999 2 ฿ 2.87 1 ฿ 2.9 10 ฿ 2.901 42 ฿ 2.909 10 ฿ 2.91 3 ฿ 2.911 3 ฿ 2.914 3 ฿ 2.916 1 ฿ 2.917 1 ฿ 2.918 1 ฿ 2.92 3 ฿ 2.93 1 ฿ 2.935 2 ฿ 2.937 19 ฿ 2.939 3 ฿ 2.9475 1 ฿ 2.9478 10 ฿ 2.949 50 ฿ 2.949999 11 ฿ 2.95 15 ฿ 2.9589 100 ฿ 2.959 1 ฿ 2.98
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freedomno1
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Activity: 1806
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Learning the troll avoidance button :)
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June 18, 2013, 05:33:01 AM Last edit: June 18, 2013, 06:32:16 AM by freedomno1 |
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There seems to be a bull on havelock and a bear on btct.co... we'll see who wins.
Well given the exchange differences would say Bitfunder and Hav are market rate btct.co Undervalue But we will see Also thanks helped clear my wall a bit goes to do some btct arbitrage if that stays there guess I will toss a bit eat some bears up After 3 confirms hehe Now I do feel like I'm in the speculator thread xd Scared nothings between 0.3 and 0.31 lol Need more arbitrage! Need to compare the 1/100's Wholes are less liquid That said prices are a bit interesting Auctions are at 3 https://bitcointalk.org/index.php?topic=236678.0;topicseenhttps://bitcointalk.org/index.php?topic=235641.0Havelock seems to be at 3 (2.9) Bitfunder at 2.9 Btct at 2.8-2.9 I give to much intel hehe
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Believing in Bitcoins and it's ability to change the world
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tkone
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June 18, 2013, 10:24:25 AM |
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There seems to be a bull on havelock and a bear on btct.co... we'll see who wins.
Well given the exchange differences would say Bitfunder and Hav are market rate btct.co Undervalue But we will see Also thanks helped clear my wall a bit goes to do some btct arbitrage if that stays there guess I will toss a bit eat some bears up After 3 confirms hehe Now I do feel like I'm in the speculator thread xd Scared nothings between 0.3 and 0.31 lol Need more arbitrage! Need to compare the 1/100's Wholes are less liquid That said prices are a bit interesting Auctions are at 3 https://bitcointalk.org/index.php?topic=236678.0;topicseenhttps://bitcointalk.org/index.php?topic=235641.0Havelock seems to be at 3 (2.9) Bitfunder at 2.9 Btct at 2.8-2.9 I give to much intel hehe any idea which way the market is going? lol
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freedomno1
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Activity: 1806
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Learning the troll avoidance button :)
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June 18, 2013, 10:31:05 AM Last edit: June 18, 2013, 10:50:50 AM by freedomno1 |
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There seems to be a bull on havelock and a bear on btct.co... we'll see who wins.
Well given the exchange differences would say Bitfunder and Hav are market rate btct.co Undervalue But we will see Also thanks helped clear my wall a bit goes to do some btct arbitrage if that stays there guess I will toss a bit eat some bears up After 3 confirms hehe Now I do feel like I'm in the speculator thread xd Scared nothings between 0.3 and 0.31 lol Need more arbitrage! Need to compare the 1/100's Wholes are less liquid That said prices are a bit interesting Auctions are at 3 https://bitcointalk.org/index.php?topic=236678.0;topicseenhttps://bitcointalk.org/index.php?topic=235641.0Havelock seems to be at 3 (2.9) Bitfunder at 2.9 Btct at 2.8-2.9 I give to much intel hehe any idea which way the market is going? lol Whistles I know nothing! XD http://www.youtube.com/watch?v=UmzsWxPLIOo (secret bear reference lol) https://bitcointalk.org/index.php?topic=63785.msg2446061#msg2446061
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Believing in Bitcoins and it's ability to change the world
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velacreations (OP)
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June 18, 2013, 02:04:06 PM Last edit: June 18, 2013, 02:22:21 PM by velacreations |
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While I appreciate the optimism here, I can't help but be suspicious at the current prices when the demand is so thin. Of course, today is Tuesday, so the price will probably rise a bit, and stay around 2.9. I am eager to see what it does after the dividend announcement tomorrow. meanwhile, hashrate is dropping like a stone. We haven't been this low since the beginning of June.
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Luckybit
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June 18, 2013, 02:19:01 PM |
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Max Block Size and the limit on the amount of transactions per second means it cannot go over $500 unless this is fixed.
You have clearly no clue what you are talking about. Actually I do and there are discussions about this in other threads. Search the forum and see for yourself.
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ianp
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June 18, 2013, 02:20:30 PM |
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Actually I do and there are discussions about this in other threads. Search the forum and see for yourself.
This is the most terrible response that anyone could post. I hate googling for something and clicking a link to a post that says "OMFG SEARCH NOOB".. hah Can you provide a link? I do not see a correlation between BTC to USD & Max Block size. Thanks.
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Luckybit
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June 18, 2013, 02:24:02 PM |
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Actually I do and there are discussions about this in other threads. Search the forum and see for yourself.
This is the most terrible response that anyone could post. I hate googling for something and clicking a link to a post that says "OMFG SEARCH NOOB".. hah Can you provide a link? I do not see a correlation between BTC to USD & Max Block size. Thanks. Here is the link: https://bitcointalk.org/index.php?topic=210298.msg2220582#msg2220582And there are other more technical threads with the same debate and more math involved but generally speaking if Max Block Size is not increased then transactions per second cannot increase and how are you going to have Bitcoin reach $1000 a Bitcoin and surpass Paypal or Visa / Mastercard when there are these sorts of caps? It's basically the same stupid problem Mt Gox has with it's limit on transactions per second.
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ianp
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June 18, 2013, 02:47:38 PM |
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Here is the link: https://bitcointalk.org/index.php?topic=210298.msg2220582#msg2220582And there are other more technical threads with the same debate and more math involved but generally speaking if Max Block Size is not increased then transactions per second cannot increase and how are you going to have Bitcoin reach $1000 a Bitcoin and surpass Paypal or Visa / Mastercard when there are these sorts of caps? It's basically the same stupid problem Mt Gox has with it's limit on transactions per second. Thanks. I'm wondering if blocks are even getting close to the max block size? A quick search didn't reveal anything even close. What are the max transactions per second?
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twentyseventy
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Activity: 1386
Merit: 1000
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June 18, 2013, 02:51:15 PM |
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Here is the link: https://bitcointalk.org/index.php?topic=210298.msg2220582#msg2220582And there are other more technical threads with the same debate and more math involved but generally speaking if Max Block Size is not increased then transactions per second cannot increase and how are you going to have Bitcoin reach $1000 a Bitcoin and surpass Paypal or Visa / Mastercard when there are these sorts of caps? It's basically the same stupid problem Mt Gox has with it's limit on transactions per second. Thanks. I'm wondering if blocks are even getting close to the max block size? A quick search didn't reveal anything even close. What is the max transactions per second? I've got no horse in this race, but I believe BTC's max is currently 7 T/S
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ianp
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June 18, 2013, 02:51:52 PM |
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I've got no horse in this race, but I believe BTC's max is currently 7 T/S
Follow-up question -- why is there a 7 transaction/s limit?
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Jere.Jones
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June 18, 2013, 03:04:59 PM |
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Here's my math: Max block size is 1 meg. Minimum transaction size is 154 bytes (1 input, 1 output) Block frequency is ideally 1 every 600 seconds. 1meg / 154 / 600 = about 11 transactions per second. 11 transactions/sec * 86400 sec/day = 935k transactions/day max. That's the absolute ideal, however, the average transaction size over the last 1000 blocks is 460 bytes (retrieved from here: http://blockexplorer.com/q/avgtxsize) Using that size we get 4 transactions/sec and 310k transactions/day.
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nimda
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June 18, 2013, 03:10:22 PM |
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I've got no horse in this race, but I believe BTC's max is currently 7 T/S
Follow-up question -- why is there a 7 transaction/s limit? 10min blocks* -> 6 blocks / hour (6 blocks / hour)(1 hour / 3600 seconds) = 0.0016667 blocks / second Max block size = 1 MB(0.0016667 blocks / second)(1 MB / block) = 0.0016667 MB/s (0.0016667 MB / second)(1,000,000 bytes / 1MB) = 1666.7 bytes / second According to dooglus, there are (in*148 + out*34 + 10 plus or minus 'in') bytes in a transaction. This equals a minimum tx size of 180 bytes, and a 1-input 2-output minimum size of 225 bytes. Example. (1666.7 bytes / second)(1 tx / 180 bytes) = 9.26 tx/s (1666.7 bytes / second)(1 tx / 225 bytes) = 7.41 tx/sMost transactions are bigger, so these are high estimates. *Note that an ever-increasing hashrate (like the current scenario) means blocks are generated faster, on average, than once every 10 minutes, and a decreasing network hashrate would slow block creation. This is due to the fact that difficulty is only calculated periodically (every 2016 blocks).
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