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Author Topic: $6 today?!  (Read 7285 times)
Mark Oates
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January 05, 2012, 04:08:12 AM
 #101

that 6.60 wall is getting smaller and smaller
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ineededausername
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January 05, 2012, 04:09:50 AM
 #102

back to 6

I'm sure we'll be under $6 any minute now.

Edit:  And as I posted that, there it went.
ready for a ride to 5.75  Grin

hah, it's going right back up!  Get on board the rally train!

(BFL)^2 < 0
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January 05, 2012, 04:12:47 AM
 #103

a good patron @ 5.95 Smiley
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January 05, 2012, 04:25:41 AM
 #104

buyers are filling in.

woah, $3000 seller drop.
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January 05, 2012, 04:49:36 AM
 #105

The ask depth is looking a little scary right now.  I really hope it fills back in.

Scary for you Wink

Scary for a lot of people.  I'm worried that if we snowball into the same sort of behavior we saw last April through June we're likely to see the same sort of long term reversal.  I don't think the integrity of the project can handle that a second time.

You expecting another mtgox hack? Maybe another mybitcoin fiasco? Perhaps another allinvain theft or bitomat scandal?

No?

Ok then...
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January 05, 2012, 04:50:59 AM
 #106

The ask depth is looking a little scary right now.  I really hope it fills back in.

Scary for you Wink

Scary for a lot of people.  I'm worried that if we snowball into the same sort of behavior we saw last April through June we're likely to see the same sort of long term reversal.  I don't think the integrity of the project can handle that a second time.

You expecting another mtgox hack? Maybe another mybitcoin fiasco? Perhaps another allinvain theft or bitomat scandal?

No?

Ok then...

I'm sure we will see many scandals yet unfortunately.

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January 05, 2012, 04:55:58 AM
 #107


I'm sure we will see many scandals yet unfortunately.

Unfortunately, I agree. The split-key stuff can't get developed fast enough IMO. It won't prevent all scandals, but it will put a HUGE dent in the numbers when it gets used properly.

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payb.tc
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January 05, 2012, 04:59:06 AM
 #108


I'm sure we will see many scandals yet unfortunately.

Unfortunately, I agree. The split-key stuff can't get developed fast enough IMO. It won't prevent all scandals, but it will put a HUGE dent in the numbers when it gets used properly.

it won't get used properly.

just like gpg, truecrypt, dropbox, backups, safe deposit boxes, etc. don't get used properly.
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January 05, 2012, 05:00:36 AM
 #109


I'm sure we will see many scandals yet unfortunately.

Unfortunately, I agree. The split-key stuff can't get developed fast enough IMO. It won't prevent all scandals, but it will put a HUGE dent in the numbers when it gets used properly.

it won't get used properly.

just like gpg, truecrypt, dropbox, backups, safe deposit boxes, etc. don't get used properly.


And then bitcoin banks will form to keep everyone's bitcoins safe.  But now the banksters are the sysadmins and hackers that understand how the magical money machine works.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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January 05, 2012, 05:38:41 AM
 #110

And then bitcoin banks will form to keep everyone's bitcoins safe.  But now the banksters are the sysadmins and hackers that understand how the magical money machine works.

Banks may form as management concerns. Bitcoin's transparency effectively limits (even negates) the banking institutions' ability to simply make off with assets... eventually.

A major reason for the success of frauds that occurred during the bubble was that the Bitcoin community, although largely self-policing, didn't (and still doesn't) have enough social exposure and credibility to effect legal repercussions. If most people knew what a Bitcoin was, it would've easy to make the issue a police or court matter.

As it stands now, Bitcoin-related crimes are still met with a blank stare, as though you've suggested that a three-toed Martian leper stole all your hair follicles to build a living string instrument and you want them back.
notme
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January 05, 2012, 05:40:15 AM
 #111

And then bitcoin banks will form to keep everyone's bitcoins safe.  But now the banksters are the sysadmins and hackers that understand how the magical money machine works.

Banks may form as management concerns. Bitcoin's transparency effectively limits (even negates) the banking institutions' ability to simply make off with assets... eventually.

A major reason for the success of frauds that occurred during the bubble was that the Bitcoin community, although largely self-policing, didn't (and still doesn't) have enough social exposure and credibility to effect legal repercussions. If most people knew what a Bitcoin was, it would've easy to make the issue a police or court matter.

As it stands now, Bitcoin-related crimes are still met with a blank stare, as though you've suggested that a three-toed Martian leper stole all your hair follicles to build a living string instrument and you want them back.


Good point.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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SgtSpike
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January 05, 2012, 05:48:08 AM
 #112

...as though you've suggested that a three-toed Martian leper stole all your hair follicles to build a living string instrument and you want them back.
I do rather like that choice of words.
miscreanity
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January 05, 2012, 05:49:34 AM
 #113

...as though you've suggested that a three-toed Martian leper stole all your hair follicles to build a living string instrument and you want them back.
I do rather like that choice of words.

It happened. He stole the pictures, too.
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January 05, 2012, 07:25:22 AM
 #114

can you picture $7 in 30mins?
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January 05, 2012, 07:26:05 AM
 #115

can you picture $7 in 30mins?

Not only can I picture it, I can profit from it Smiley.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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deepceleron
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January 05, 2012, 07:28:19 AM
 #116

how much btc do you bulls did eat in the 6$ range? i still see 25k btc at 7$, 200k volume in 24h ....
The amount traded overall throughout today is higher than the average, but there's been no 20k spikes or such, several lower buys (and sells). Buying 20k BTC now costs $150K+.

Here's the current 5-day volume, and in addition is the true range analysis, so you can see how much BTC value was eaten up by one buy or dump. You can see that the depth has been eaten up around the trading price by the increasing spreads.

kjj
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January 06, 2012, 05:19:12 PM
 #117

Heh.  Time to resurrect this thread?

p2pcoin: a USB/CD/PXE p2pool miner - 1N8ZXx2cuMzqBYSK72X4DAy1UdDbZQNPLf - todo
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dree12
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January 06, 2012, 05:23:13 PM
 #118

Heh.  Time to resurrect this thread?
Wow. The major correction finally came - there goes my bubble theory. I guess it's good I didn't invest too much into the bubble buildup.
Tuxavant
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January 06, 2012, 05:31:21 PM
 #119

Personally, I think we need a new thread for $7.  Shocked  Grin

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ArsenShnurkov
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January 07, 2012, 01:05:48 AM
 #120

Personally, I think we need a new thread for $7.  Shocked  Grin

I think that the bear coalition,
headed by the prediction of S3052 (he says "short")
will hit 6 ($6.58 atm)

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