dryden (OP)
Newbie
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Activity: 21
Merit: 0
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January 18, 2012, 02:06:15 AM |
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someone's at it again. probably that meelba guy with his new found winnings. I watched Ask vol go from 100,000 to 40k now where I literally saw (on MtGox) 218 Btc bids at one flash. That's when I knew someone was pressin down for a 2nd time. :/
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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proudhon
Legendary
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Activity: 2198
Merit: 1311
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January 18, 2012, 02:12:35 AM |
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someone's at it again. probably that meelba guy with his new found winnings. I watched Ask vol go from 100,000 to 40k now where I literally saw (on MtGox) 218 Btc bids at one flash. That's when I knew someone was pressin down for a 2nd time. :/
Yep, asks are piling up higher than ever. |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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Hunterbunter
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January 18, 2012, 02:13:42 AM |
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Interestingly...what's to stop you or anyone else just walking away from the debt? All bitcoinica has is an email address, no?
or do I misunderstand it?
You don't walk away from debt, you walk away from your deposit. ok, but if you're minus...thousands and been forced to liquidate, hasn't your deposit already gone? Right. When you reach minus (your deposit), you're force liquidated. Ok, and if you've been liquidated, and in minus, is there a way to get your deposit back if you wait? If not...then there's only the debt to walk away from? |
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SlaveInDebt
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January 18, 2012, 02:14:14 AM |
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someone's at it again. probably that meelba guy with his new found winnings. I watched Ask vol go from 100,000 to 40k now where I literally saw (on MtGox) 218 Btc bids at one flash. That's when I knew someone was pressin down for a 2nd time. :/
Yep, asks are piling up higher than ever. Time to change avy? |
"A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain." - Mark Twain
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GeniuSxBoY
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January 18, 2012, 02:17:12 AM |
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I can't believe the enormous about of sell orders, $560,000 worth, on the board till $7.50.
It was upto $700,000 before the dump
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Be humble!
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SlaveInDebt
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January 18, 2012, 02:19:45 AM |
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I can't believe the enormous about of sell orders, $560,000 worth, on the board till $7.50.
It was upto $700,000 before the dump
 Ahh memories  |
"A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain." - Mark Twain
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bitcoinBull
Legendary
Offline
Activity: 826
Merit: 1001
rippleFanatic
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January 18, 2012, 02:21:16 AM |
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Ok, and if you've been liquidated, and in minus, is there a way to get your deposit back if you wait?
If not...then there's only the debt to walk away from?
If you're liquidated, you never get your deposit back, you lost it all. If you only go minus say -50% your deposit, you can wait and if the market goes back up your position can change to profitable. If not, you can only walk away from losses. Its not "debt" because you never borrowed money. Its loss on your deposit. |
College of Bucking Bulls Knowledge
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jojo69
Legendary
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Activity: 3164
Merit: 4345
diamond-handed zealot
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January 18, 2012, 02:22:03 AM |
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yeah, this thing could still break down with a vengeance...or not
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This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
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Serge
Legendary
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Activity: 1050
Merit: 1000
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January 18, 2012, 02:25:02 AM |
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yeah, this thing could still break down with a vengeance...or not
only to go back up again |
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Hunterbunter
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January 18, 2012, 02:28:30 AM |
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Ok, and if you've been liquidated, and in minus, is there a way to get your deposit back if you wait?
If not...then there's only the debt to walk away from?
If you're liquidated, you never get your deposit back, you lost it all. If you only go minus say -50% your deposit, you can wait and if the market goes back up your position can change to profitable. If not, you can only walk away from losses. Its not "debt" because you never borrowed money. Its loss on your deposit. Hmm...thanks for trying to explain, but I must be missing something. So if I deposit $1000, at a 10:1 rate, I "buy" $10,000 worth of bitcoins @ $10 each, and the price tanks by $1, meaing my account is worth $0 even. If force liquidation happens when say price tanks by $2, you're owning $1000. In the real world, I thought all margin was borrowing money from the broker, and it has to be paid back regardless...in this case, it seems you don't. You still lose your deposit, yes, but you lose it anyway if the price has tanked and you're forced to sell. Is it possible to be forced to sell (not sure how bitcoinica works in this regard) while your deposit has not been completely burned through? Ahh memories That's amazing. |
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bittenbob
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January 18, 2012, 02:30:28 AM |
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Im really unsure of where we are headed on this one so I am sitting on the sidelines right now. About 70% in cash and 30% in BTC. If we spike below 5 again I will grab up all the coins I can..
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gewure
Sr. Member
Offline
Activity: 364
Merit: 250
[#][#][#]
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January 18, 2012, 02:42:42 AM |
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reminds me of this:  |
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StewartJ
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January 18, 2012, 02:46:20 AM |
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Im really unsure of where we are headed on this one so I am sitting on the sidelines right now. About 70% in cash and 30% in BTC. If we spike below 5 again I will grab up all the coins I can..
All cash here, waiting. At this price, it would seem we're right back to where we were before the massive dump/spike. But that depth chart on the bid side is a long flat wasteland with nary a wall. |
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teflone
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January 18, 2012, 03:42:42 AM |
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Im really unsure of where we are headed on this one so I am sitting on the sidelines right now. About 70% in cash and 30% in BTC. If we spike below 5 again I will grab up all the coins I can..
All cash here, waiting. At this price, it would seem we're right back to where we were before the massive dump/spike. But that depth chart on the bid side is a long flat wasteland with nary a wall.  |
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proudhon
Legendary
Offline
Activity: 2198
Merit: 1311
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January 18, 2012, 03:45:31 AM |
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Im really unsure of where we are headed on this one so I am sitting on the sidelines right now. About 70% in cash and 30% in BTC. If we spike below 5 again I will grab up all the coins I can..
All cash here, waiting. At this price, it would seem we're right back to where we were before the massive dump/spike. But that depth chart on the bid side is a long flat wasteland with nary a wall. Here's the view in the other direction.  |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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teflone
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January 18, 2012, 03:48:47 AM |
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Im really unsure of where we are headed on this one so I am sitting on the sidelines right now. About 70% in cash and 30% in BTC. If we spike below 5 again I will grab up all the coins I can..
All cash here, waiting. At this price, it would seem we're right back to where we were before the massive dump/spike. But that depth chart on the bid side is a long flat wasteland with nary a wall. Here's the view in the other direction. Hahahhahah, exactly!  At least the view is nice.... |
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jojo69
Legendary
Offline
Activity: 3164
Merit: 4345
diamond-handed zealot
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January 18, 2012, 03:49:26 AM |
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those walls are meaningless
vaporwalls
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This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
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teflone
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January 18, 2012, 03:50:57 AM |
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those walls are meaningless
vaporwalls
Ya, after the last two days, good point... Im in awe, truly... |
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StewartJ
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January 18, 2012, 03:53:09 AM |
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Here's the view in the other direction. Ricolahhhh !! |
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