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mccorvic
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March 28, 2013, 11:34:39 PM |
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Dear bears: Thanks for wasting everyone's time!
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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420
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March 28, 2013, 11:35:26 PM |
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I hope someone comes along soon and takes the market off them with all the trimmings a big exchange needs for the upcoming big players, Trade Hill maybe?
The other thing we need is an easier way for new U.S. investors to get started. Coinbase would be a great service if it worked. All they ever say is, "Sorry, Coinbase has reached its maximum number of bitcoin purchases for the moment. Please try again later. We'll continue raising this limit over time." If your're willing to keep trying the button hour after hour, they might eventually allow you to buy 10 BTC per day. Whoopee. Sending international wire transfers to Japan is too expensive, both in time and money. Dwolla takes forever to set up, limits the size of your transfers, and is down today due to Dos attack. Other services seem to charge ridiculous fees, if they accept USD at all. Why all the entry barriers? I've been trying to buy bitcoins for weeks with very limited luck. Can someone tell me a good way to get USD to some exchange where I can actually buy some serious bitcoin? One thing that's stopping the growth of Bitcoin is how difficult it is to actually buy them! |
Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS
the hacks, the hacks, secure your bits!
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samson
Legendary
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Activity: 2097
Merit: 1068
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March 28, 2013, 11:36:44 PM |
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so this is it right, the last drop b4 we bust up and over 100$  wait. i feel like i should be joining the sellers after reading that Perhaps. I made $2100 on the bounce back between $75 and $85. I originally set the sell order for a higher price but figured I won't be too greedy. I have a feeling we could be in the $70's again before the $90's Nope, you're wrong. 90$ again. You're right ! Seems a little too fast to me. |
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thoughtfan
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March 28, 2013, 11:42:13 PM |
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I hope someone comes along soon and takes the market off them with all the trimmings a big exchange needs for the upcoming big players, Trade Hill maybe?
The other thing we need is an easier way for new U.S. investors to get started. Coinbase would be a great service if it worked. All they ever say is, "Sorry, Coinbase has reached its maximum number of bitcoin purchases for the moment. Please try again later. We'll continue raising this limit over time." If your're willing to keep trying the button hour after hour, they might eventually allow you to buy 10 BTC per day. Whoopee. Sending international wire transfers to Japan is too expensive, both in time and money. Dwolla takes forever to set up, limits the size of your transfers, and is down today due to Dos attack. Other services seem to charge ridiculous fees, if they accept USD at all. Why all the entry barriers? I've been trying to buy bitcoins for weeks with very limited luck. Can someone tell me a good way to get USD to some exchange where I can actually buy some serious bitcoin? One thing that's stopping the growth of Bitcoin is how difficult it is to actually buy them! Don't get me wrong I like and use LB and even use the sell prices to calculate the value of my current holding including slippage were I to lock prices then take a day driving around London cashing out! But at times like this flash crash it's not so good. I just tried to buy 20btc for my brother for GBP after he failed after finding blockchain.info/pingit is down and he couldn't get his head around LB himself. Then after that by the time I'd found my first choice was actually out of coin the price the opportunity had gone within the price range he wanted to pay . In the UK the problem is even worse than the States I think! Yet despite all this enough buying pressure is getting through to the markets for this phenomenal growth. Surely that tells us something! |
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The-Real-Link
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March 28, 2013, 11:45:49 PM |
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Was going to say you could use Bitinstant but as fast as they are, they might still be slower than other methods, not to mention the fees.
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Oh Loaded, who art up in Mt. Gox, hallowed be thy name! Thy dollars rain, thy will be done, on BTCUSD. Give us this day our daily 10% 30%, and forgive the bears, as we have bought their bitcoins. And lead us into quadruple digits
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uhoh
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March 28, 2013, 11:46:00 PM |
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jzcjca00
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March 28, 2013, 11:46:38 PM |
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I hope someone comes along soon and takes the market off them with all the trimmings a big exchange needs for the upcoming big players, Trade Hill maybe?
The other thing we need is an easier way for new U.S. investors to get started. Coinbase would be a great service if it worked. All they ever say is, "Sorry, Coinbase has reached its maximum number of bitcoin purchases for the moment. Please try again later. We'll continue raising this limit over time." If your're willing to keep trying the button hour after hour, they might eventually allow you to buy 10 BTC per day. Whoopee. Sending international wire transfers to Japan is too expensive, both in time and money. Dwolla takes forever to set up, limits the size of your transfers, and is down today due to Dos attack. Other services seem to charge ridiculous fees, if they accept USD at all. Why all the entry barriers? I've been trying to buy bitcoins for weeks with very limited luck. Can someone tell me a good way to get USD to some exchange where I can actually buy some serious bitcoin? One thing that's stopping the growth of Bitcoin is how difficult it is to actually buy them! First of all localbitcoins.com seriously needs a rewrite of their home page, FAQ, cash exchange guide, etc. I spent 30 minutes reading all that this morning, and at this point I have more questions than when I started reading. It is not clear at all. The best I can figure, I'm supposed to drive 31 miles (round trip), meet some stranger in a Starbucks somewhere, hand him a wad of cash, hope not to get arrested on suspicion of executing a drug deal, do some weird exchange codes by cell phone, in order to get bitcoins at $10 above the current market price. Surely that's not the best solution! |
Tips much appreciated! 1PPJHDawPvjh6MEzsvXrMYLgpLmyAaNXUc
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thezerg
Legendary
Offline
Activity: 1246
Merit: 1010
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March 28, 2013, 11:51:43 PM |
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I hope someone comes along soon and takes the market off them with all the trimmings a big exchange needs for the upcoming big players, Trade Hill maybe?
The other thing we need is an easier way for new U.S. investors to get started. Coinbase would be a great service if it worked. All they ever say is, "Sorry, Coinbase has reached its maximum number of bitcoin purchases for the moment. Please try again later. We'll continue raising this limit over time." If your're willing to keep trying the button hour after hour, they might eventually allow you to buy 10 BTC per day. Whoopee. Sending international wire transfers to Japan is too expensive, both in time and money. Dwolla takes forever to set up, limits the size of your transfers, and is down today due to Dos attack. Other services seem to charge ridiculous fees, if they accept USD at all. Why all the entry barriers? I've been trying to buy bitcoins for weeks with very limited luck. Can someone tell me a good way to get USD to some exchange where I can actually buy some serious bitcoin? One thing that's stopping the growth of Bitcoin is how difficult it is to actually buy them! Try campbx in atlanta. U can mail them a check, dwolla, wire xfer |
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Richy_T
Legendary
Offline
Activity: 2422
Merit: 2112
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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March 28, 2013, 11:52:48 PM |
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But at times like this flash crash it's not so good. I just tried to buy 20btc for my brother for GBP after he failed after finding blockchain.info/pingit is down and he couldn't get his head around LB himself. Then after that by the time I'd found my first choice was actually out of coin the price the opportunity had gone within the price range he wanted to pay . In the UK the problem is even worse than the States I think!
Yet despite all this enough buying pressure is getting through to the markets for this phenomenal growth. Surely that tells us something!
speedybitcoin.o.uk are pretty OK. They buy at market and there's a locked-in GBP to other-currency exchange built in but if you just want to buy bitcoins quickly without too hefty a cost, give them a look. Keep en eye on the strength of the pound vs other currencies though, they've already done that conversion and factor it into your costs |
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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Adrian-x
Legendary
Offline
Activity: 1372
Merit: 1000
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March 28, 2013, 11:55:50 PM |
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Dear bears: Thanks for wasting everyone's time!
I love the Bears, it isn't a waste of time but an opportunity to check your position. Like my 5year old said this morning before I LOL'd "wow those [Bitcoin] bulls are happy today." I think he believes the market is driven by animal, and I don't think he is far off. |
Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
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ineededausername
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March 28, 2013, 11:56:08 PM |
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Bear fail! I tried to buy at $75-78 but got goxxed. I didn't predict the panic so I didn't have bids  Congratulations to those that did! |
(BFL)^2 < 0
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molecular
Donator
Legendary
Offline
Activity: 2772
Merit: 1019
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March 28, 2013, 11:59:20 PM |
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I do not care price, nor volume, I need some graph of MtGox lag! Seems its on its highs, today.
just caught a few sentences of Magicaltux about this: he's rebuilding the engine. The current lag problem is "by design": allowing users to have orders without necessary funding, because that means you have to trickle down order status updates when a users balance changes. It seems makes sense: a lot of fight between threads reading and writing to/from the orderbook table. So the change is to disallow users to place orders they don't have the funds for and disallow withdrawal of funds allocated to orders. What might the implications of this change be? |
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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molecular
Donator
Legendary
Offline
Activity: 2772
Merit: 1019
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March 29, 2013, 12:00:22 AM |
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so this is it right, the last drop b4 we bust up and over 100$ I think there might be a double smack-down this time. Next one on sunday night CET. |
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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Beta-coiner1
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March 29, 2013, 12:05:45 AM |
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Bear fail! I tried to buy at $75-78 but got goxxed. I didn't predict the panic so I didn't have bids Congratulations to those that did! Same here,I went out for the day and would have loved to get some coin during that time. |
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notme
Legendary
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Activity: 1904
Merit: 1002
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March 29, 2013, 12:08:57 AM |
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I do not care price, nor volume, I need some graph of MtGox lag! Seems its on its highs, today.
just caught a few sentences of Magicaltux about this: he's rebuilding the engine. The current lag problem is "by design": allowing users to have orders without necessary funding, because that means you have to trickle down order status updates when a users balance changes. It seems makes sense: a lot of fight between threads reading and writing to/from the orderbook table. So the change is to disallow users to place orders they don't have the funds for and disallow withdrawal of funds allocated to orders. What might the implications of this change be? 1. some bots will break, some sloppy habits will be broken 2. the engine will be capable of executing orders much, much faster 3. MtGox might have a shot at not pissing off all their customers |
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The-Real-Link
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March 29, 2013, 12:15:14 AM |
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Sorry for pic spam but I was able to watch the whole thing unfold. Order finally got to Gox about half an hour too late to capitalize, alas. Short of seeing companies talk about millions or billions that we as regular people have no way of really seeing, this market is amazing to watch. So many people with money that it's mind-boggling and yet, not really. Welcome to a world economy. First they sold...  and sold...  and sold more but also bought...  Finally, the low:  *coughs* so "low":  Crazy buy upwards followed:  More deep-pocket buyers followed (probably because they just profited):   and then we pretty much recovered:    Crazy traders. Congratulations on you guys that took profits to buy more coin. We now return you to your regularly desired photos of wall-movements |
Oh Loaded, who art up in Mt. Gox, hallowed be thy name! Thy dollars rain, thy will be done, on BTCUSD. Give us this day our daily 10% 30%, and forgive the bears, as we have bought their bitcoins. And lead us into quadruple digits
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thoughtfan
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March 29, 2013, 12:16:57 AM |
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It seems the USD vol @ end of play was a record breaking $12,257,633.95That was a massive amount spent by the bears to get us to.... ...not far off where we were this morning!  Night all - and thanks for all the fish  |
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BitcoinTip
Newbie
Offline
Activity: 14
Merit: 0
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March 29, 2013, 12:24:24 AM |
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It seems the USD vol @ end of play was a record breaking $12,257,633.95That was a massive amount spent by the bears to get us to.... ...not far off where we were this morning! https://i.imgur.com/AsnxUNc.jpgNight all - and thanks for all the fish You could also say that people spent $12,257,633.95 to end up below the price we were at earlier. In other words, what you just said is a biased pile of horse shit and doesn't mean fuck all. |
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