zhoutong (OP)
VIP
Hero Member
 Offline
Activity: 490
Merit: 502
|
 |
December 31, 2011, 02:26:41 PM |
|
 No insane prices. No unreasonable spikes. We delivered our promise! The spread is still large but acceptable. Glad to see some of you are making huge profits before New Year! |
|
|
|
|
|
|
The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
caston
|
|
January 02, 2012, 12:56:58 PM |
|
OK so what does the new pricing algorithm do? Does it just mean that the spread is *less* ridiculous during or just after a spike or a dip so that winners can be winners?
|
bitcoin BTC: 1MikVUu1DauWB33T5diyforbQjTWJ9D4RF
bitcoin cash: 1JdkCGuW4LSgqYiM6QS7zTzAttD9MNAsiK
-updated 3rd December 2017
|
|
|
zhoutong (OP)
VIP
Hero Member
Offline
Activity: 490
Merit: 502
|
|
January 02, 2012, 01:04:45 PM |
|
OK so what does the new pricing algorithm do? Does it just mean that the spread is *less* ridiculous during or just after a spike or a dip so that winners can be winners?
It solves these problems: - No more insane prices during the spike. - Highest and lowest are not higher or lower by more than 1% compared to Mt. Gox prices. - No more negative spreads. |
|
|
|
|
caston
|
|
January 02, 2012, 01:47:23 PM
Last edit: January 02, 2012, 01:58:41 PM by caston |
|
OK I was looking at a pretty big spread by like 80cents or so but I guess that is because the buy and sell prices on mtgox are way off right now. We just had quite a drop. Has the changes to your algorithm made it less able to keep the spread sane during dips? Perfect timing.  |
bitcoin BTC: 1MikVUu1DauWB33T5diyforbQjTWJ9D4RF
bitcoin cash: 1JdkCGuW4LSgqYiM6QS7zTzAttD9MNAsiK
-updated 3rd December 2017
|
|
|
zhoutong (OP)
VIP
Hero Member
Offline
Activity: 490
Merit: 502
|
|
January 02, 2012, 01:58:46 PM |
|
OK I was looking at a pretty big spread by like 80cents or so but I guess that is because the buy and sell prices on mtgox are way off right now. We just had quite a drop.
Has the changes to your algorithm made it less able to keep the spread sane during dips? Perfect timing.
Well, there's really no depth at the market. Who could buy at $4.8? Not Bitcoinica. Not anyone. |
|
|
|
|
Crypt_Current
|
|
January 02, 2012, 02:26:39 PM |
|
my ass! I can't increase my position for the life of me. Get some reserve already!!!
|
|
|
|
|
caston
|
|
January 02, 2012, 02:30:39 PM |
|
my ass! I can't increase my position for the life of me. Get some reserve already!!!
You need to wait for some liquidations or until you are one. |
bitcoin BTC: 1MikVUu1DauWB33T5diyforbQjTWJ9D4RF
bitcoin cash: 1JdkCGuW4LSgqYiM6QS7zTzAttD9MNAsiK
-updated 3rd December 2017
|
|
|
BadBear
v2.0
Legendary
Offline
Activity: 1652
Merit: 1127
|
|
January 02, 2012, 02:35:02 PM |
|
Just buy them if you're long. Sure margin is nice, but with all the volatility in the market and large amount of holders out there willing to sell rather than risk another drop to 2, I'd be wary.
|
|
|
|
|
caston
|
|
January 02, 2012, 02:38:23 PM |
|
Yeah call me a bear but we still haven't gone up past the September price meaning we could still be on a long term down trend. The bottom is more likely something between $1.50 and parity.
|
bitcoin BTC: 1MikVUu1DauWB33T5diyforbQjTWJ9D4RF
bitcoin cash: 1JdkCGuW4LSgqYiM6QS7zTzAttD9MNAsiK
-updated 3rd December 2017
|
|
|
|
Crypt_Current
|
|
January 02, 2012, 02:43:57 PM |
|
Yeah call me a bear but we still haven't gone up past the September price meaning we could still be on a long term down trend. The bottom is more likely something between $1.50 and parity.
The long term trend is up, that's my story and i'm sticking to it :-D |
|
|
|
zhoutong (OP)
VIP
Hero Member
Offline
Activity: 490
Merit: 502
|
|
January 02, 2012, 02:45:06 PM |
|
my ass! I can't increase my position for the life of me. Get some reserve already!!!
Now you can. Some people got zhoutonged just now… |
|
|
|
|
caston
|
|
January 02, 2012, 02:45:43 PM |
|
The long term trend is up, that's my story and i'm sticking to it :-D
It won't be able to go up much without short squeezes. |
bitcoin BTC: 1MikVUu1DauWB33T5diyforbQjTWJ9D4RF
bitcoin cash: 1JdkCGuW4LSgqYiM6QS7zTzAttD9MNAsiK
-updated 3rd December 2017
|
|
|
|
caston
|
|
January 02, 2012, 02:46:46 PM |
|
Now you can. Some people got zhoutonged just now…
classic even zhoutong uses the term zhoutonged |
bitcoin BTC: 1MikVUu1DauWB33T5diyforbQjTWJ9D4RF
bitcoin cash: 1JdkCGuW4LSgqYiM6QS7zTzAttD9MNAsiK
-updated 3rd December 2017
|
|
|
|
Crypt_Current
|
|
January 02, 2012, 02:52:01 PM |
|
Now you can. Some people got zhoutonged just now…
classic even zhoutong uses the term zhoutonged One person's zhoutonging is another's prolonging :-D |
|
|
|
Serge
Legendary
Offline
Activity: 1050
Merit: 1000
|
|
January 02, 2012, 04:12:14 PM |
|
how does Bitcoinica make its money?
|
|
|
|
|
dree12
Legendary
Offline
Activity: 1246
Merit: 1077
|
|
January 02, 2012, 04:51:01 PM |
|
how does Bitcoinica make its money?
Go read Bitcoinica: How it works. |
|
|
|
|
cypherdoc
Legendary
Offline
Activity: 1764
Merit: 1002
|
|
January 02, 2012, 05:39:10 PM |
|
Now you can. Some people got zhoutonged just now…
classic even zhoutong uses the term zhoutonged it even rolls off his tong. |
|
|
|
|
gewure
Sr. Member
Offline
Activity: 364
Merit: 250
[#][#][#]
|
|
February 13, 2012, 08:09:01 PM |
|
Now you can. Some people got zhoutonged just now…
classic even zhoutong uses the term zhoutonged it even rolls off his tong. ..there is not much sense in fighting it anyway  |
|
|
|
|
|
alan2here
|
|
February 13, 2012, 09:35:09 PM |
|
To varify I understand this.
Bitcoinica will now never exceed 1% more than Gox spreads?
|
|
|
|
|
phorensic
|
|
February 14, 2012, 12:43:14 AM |
|
To varify I understand this.
Bitcoinica will now never exceed 1% more than Gox spreads?
I don't think that's possible. |
|
|
|
|
|
