SkRRJyTC
Legendary
 Offline
Activity: 1008
Merit: 1000
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March 07, 2012, 04:36:30 PM |
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Haven't I taught you guys anything  Ive been listening  Im on the right side of this one... and have been for 2-3 days |
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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notme
Legendary
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Activity: 1904
Merit: 1002
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March 07, 2012, 04:52:47 PM |
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Haven't I taught you guys anything I'm on the correct side  . Your service has been tremendously educational. |
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proudhon
Legendary
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Activity: 2198
Merit: 1311
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March 07, 2012, 04:56:09 PM |
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 I'm going down with the ship, gentlemen. |
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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notme
Legendary
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Activity: 1904
Merit: 1002
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March 07, 2012, 04:56:27 PM |
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Haven't I taught you guys anything Ive been listening Im on the right side of this one... and have been for 2-3 days Gotta love getting paid to hold short . |
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N12
Donator
Legendary
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Activity: 1610
Merit: 1010
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March 07, 2012, 04:57:37 PM |
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Haven't I taught you guys anything I'm on the correct side . Your service has been tremendously educational. I fully agree and pray he will be able keep up this kind of quality and quantity. |
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pirateat40
Avast Ye!
Sr. Member
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Activity: 378
Merit: 250
"Yes I am a pirate, 200 years too late."
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March 07, 2012, 05:37:01 PM |
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Is everyone having fun?  |
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N12
Donator
Legendary
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Activity: 1610
Merit: 1010
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March 07, 2012, 05:38:30 PM |
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Looking at the buying volumes on the way up … probably very few people are having fun right now.
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notme
Legendary
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Activity: 1904
Merit: 1002
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March 07, 2012, 05:42:20 PM |
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Is everyone having fun? I'm having fun. |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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March 07, 2012, 05:53:44 PM |
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Is everyone having fun? I'm having fun. I'm editing the interview i did yesterday with Matthew N. Wright and Brian Fun Fun Fun You guys are in for a treat |
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fcmatt
Legendary
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Activity: 2072
Merit: 1001
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March 07, 2012, 06:12:49 PM |
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One needs a heck of a swing in price to make some money using bitcoinica.
5-10% swings is ideal. Not to mention perfect timing. Otherwise this all seems pointless.
One would be better off not using leverage and getting a much tighter spread with
a lower cost of entry/exit.
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Hunterbunter
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March 07, 2012, 06:16:15 PM |
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One needs a heck of a swing in price to make some money using bitcoinica.
5-10% swings is ideal. Not to mention perfect timing. Otherwise this all seems pointless.
One would be better off not using leverage and getting a much tighter spread with
a lower cost of entry/exit.
Yeah it's a bit of a head scratcher, really. I don't know why I still use the service....when I'm right, I barely make a profit, when I'm wrong, I pay dearly. |
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notme
Legendary
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Activity: 1904
Merit: 1002
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March 07, 2012, 06:16:24 PM |
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One needs a heck of a swing in price to make some money using bitcoinica.
5-10% swings is ideal. Not to mention perfect timing. Otherwise this all seems pointless.
One would be better off not using leverage and getting a much tighter spread with
a lower cost of entry/exit.
Being able to profit in dollars from a downswing in addition to being able to pick up more bitcoins really adds balance to your perspective. |
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old_engineer
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March 07, 2012, 08:53:39 PM |
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you're learning  I just finished reading Reminiscences of a Stock Operator. The last few chapters were about stock "manipulation", and it was enlightening in many respects. It is really incredible how little has changed since then, the only new thing is probably bots. I finished 'Reminiscences" a few weeks ago, great book. It illustrated to me that there's usually a very good reason behind every regulation, and that regulations are often about making the market as fair as possible for all players. |
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proudhon
Legendary
Offline
Activity: 2198
Merit: 1311
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March 07, 2012, 09:16:17 PM |
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It's a trap.
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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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N12
Donator
Legendary
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Activity: 1610
Merit: 1010
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March 07, 2012, 09:19:34 PM |
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It's a trap.
What is?  |
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damnek
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March 07, 2012, 09:20:18 PM |
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There's only one thing that really matters.  |
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Hunterbunter
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March 07, 2012, 10:47:54 PM |
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It's a trap.
That's what I get for doubting myself. |
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proudhon
Legendary
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Activity: 2198
Merit: 1311
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March 08, 2012, 04:16:39 AM |
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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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N12
Donator
Legendary
Offline
Activity: 1610
Merit: 1010
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March 08, 2012, 04:19:00 AM |
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Why not reveal how much you bought? The sensitive info is the liquidation price. |
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Hunterbunter
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March 08, 2012, 05:39:37 AM |
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I ate my losses ... couldn't take it any more. The "risky" parts of my check list for pre-betting all basically came true and turned it into a 80% short from a 60% long. Could still change, of course, it's clear there are powerful forces at work, and since I can't read minds I'm just going to stick to the charts. It's kind of a funny duopoly where people want the charts and the charts want the people...and each does each other's bidding. |
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