****$10****

[evoorhees]

BAM, $10 bitches!

[1713516808]

1713516808

[1713516808]

1713516808

[1713516808]

1713516808

[1713516808]

1713516808

[1713516808]

1713516808

[1713516808]

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[jwzguy]

 

[Vod]

BAM, $10 bitches!

It started climbing after Bitcoinica shut down - is that a coincidence?

(Not trying to start anything - serious question - I'm all for higher values)

[epetroel]

BAM, $10 bitches!

It started climbing after Bitcoinica shut down - is that a coincidence?

(Not trying to start anything - serious question - I'm all for higher values)

I'd say quite possibly yes.

With bitcoinica, if you thought bitcoins were going to go up, you could buy them (leveraged if you wanted to).  If you thought Bitcoin was a giant ponzi and you wanted to short them, you could do that too.

Without bitcoinica, if you think bitcoins are going up, you can still buy them.  But if you think they are going down, you now have no way to short.  Of course you can sell what you have, but that eliminates a whole swath of people who want to short and don't have any bitcoins.

[jwzguy]

****$11****

[yochdog]

****$11****

holy fuck

[jwzguy]

****$11****

holy fuck

Might be time to take out that 5.5% bank loan and stop shorting BTC yoch.
Disclaimer: not that it's any of my business.

[edd]

****$11****

holy fuck

My thoughts exactly. I'm more than a little concerned about the ramifications. 

[01BTC10]

BTCoom!!!

[kiba]

Must be a bubble!

[paulie_w]

do we know _ANYTHING_ about why?

[kiba]

do we know _ANYTHING_ about why?

Probably not?

[brunozisterer]

Market Cap >100,000,000 USD

[bitcoinstarter]

oh hell ya! 

[yochdog]

But if you think they are going down, you now have no way to short.

Borrow Bitcoins. Sell Bitcoins. Congrats, you are now short.

Seriously, I LOLed about this......

[dovewing2000]

But if you think they are going down, you now have no way to short.

Borrow Bitcoins. Sell Bitcoins. Congrats, you are now short.

Seriously, I LOLed about this......

That's just one part of short... you wait til it goes below 10 and buy back the coins.. and u keep the difference.. that's the short...

[check_status]

Market Cap >100,000,000 USD

You should use the American trillion instead.  

So, how many pre-ordered the BFL ASIC SC at ⊅6? If they waited they could've bought 2.  

[unclemantis]

11 12 13!!!

I sold a few at 9.89. I am keeping hold of my bitcoins!

[herzmeister]

up uP UP !!!1 

[paulie_w]

never selling.

[proudhon]

I'm gonna buy a ton of Steam games now.

[knight22]

Probably a bubble (hopefully not)

[HostFat]

I think that something is changing.
Most speculators and investors are finally understanding one important thing.
An hacking attack and/or a bad news about a website/service that manage Bitcoin it is NOT something related to the protocol/project.

[bitcoinBull]

****$11****

holy fuck

Above $10, one-dollar price increases become less and less noteworthy. Log-scale people, Log-scale!

I'm gonna buy a ton of Steam games now.

Alpaca socks for me (are they still available?)

[niko]

****$11****

holy fuck

My thoughts exactly, minus the "holy".

[check_status]

Where's the price compared to my projection? 
https://bitcointalk.org/index.php?topic=81407.msg898596#msg898596

Pretty damn close if I do say so. 

[smoothie]

But if you think they are going down, you now have no way to short.

Borrow Bitcoins. Sell Bitcoins. Congrats, you are now short.

Seriously, I LOLed about this......

+1 LAWL!

[notme]

Where's the price compared to my projection? 
https://bitcointalk.org/index.php?topic=81407.msg898596#msg898596

Pretty damn close if I do say so. 

maybe... tough to tell the way you have the x-axis labeled

[dree12]

****$11****

holy fuck

My thoughts exactly, minus the "holy".

My thoughts, minus the "fuck".

[Dice]

Im scared that its moving up this quick...should I be?

[dree12]

Im scared that its moving up this quick...should I be?

No. This is the slowest it's moved for Bitcoin. Volatility has been quite low recently.

[smickles]

But if you think they are going down, you now have no way to short.

Borrow Bitcoins. Sell Bitcoins. Congrats, you are now short.

there's also MPEx where you can buy a put.

[ydenys]

Should settle about 10.4 now, if we go through the weekend with more than 10.2 it is a confirmed move – expect 11+ next week.

[dree12]

Should settle about 10.4 now, if we go through the weekend with more than 10.2 it is a confirmed move – expect 11+ next week.

Weekends tend down, for sure, but don't ignore that Mondays do as well. So do Tuesdays.

[knight22]

Should settle about 10.4 now, if we go through the weekend with more than 10.2 it is a confirmed move – expect 11+ next week.

Weekends tend down, for sure, but don't ignore that Mondays do as well. So do Tuesdays.

Is this accurate?

[dree12]

Should settle about 10.4 now, if we go through the weekend with more than 10.2 it is a confirmed move – expect 11+ next week.

Weekends tend down, for sure, but don't ignore that Mondays do as well. So do Tuesdays.

Is this accurate?

It's based on all Mt. Gox USD historical data up until July 30, 2012. It therefore cannot be used as a predictive indicator (because it uses historical data), but would be accurate if used for hindcasting.

[tiberiandusk]

Screw regular alpaca socks. EXTREME ALPACA SOCKS!

[unclemantis]

Should settle about 10.4 now, if we go through the weekend with more than 10.2 it is a confirmed move – expect 11+ next week.

Weekends tend down, for sure, but don't ignore that Mondays do as well. So do Tuesdays.

Is this accurate?

It's based on all Mt. Gox USD historical data up until July 30, 2012. It therefore cannot be used as a predictive indicator (because it uses historical data), but would be accurate if used for hindcasting.

Close enough...

[Astro]

The price of bitcoin is directly proportional to the amount of shit-talk in the Something Awful thread about bitcoin.  The more they hate on it, the higher it goes, making them more and more wrong.

For reference, here is a goon: http://www.youtube.com/watch?v=tbfBjo-Mw6U

[ydenys]

Should settle about 10.4 now, if we go through the weekend with more than 10.2 it is a confirmed move – expect 11+ next week.

Weekends tend down, for sure, but don't ignore that Mondays do as well. So do Tuesdays.

Sorry I'm in the UK and i tend to sleep until 3 p.m. - hence ^^^

[dree12]

Should settle about 10.4 now, if we go through the weekend with more than 10.2 it is a confirmed move – expect 11+ next week.

Weekends tend down, for sure, but don't ignore that Mondays do as well. So do Tuesdays.

Sorry I'm in the UK and i tend to sleep until 3 p.m. - hence ^^^

The chart is made with UTC as the time zone, which should be only one hour off London daylight time.

[bitcoinBull]

Screw regular alpaca socks. EXTREME ALPACA SOCKS!

But can you buy them with bitcoin?

Grass Hill Alpacas are selling SURVIVAL Alpaca Socks for bitcoin. They are gavin's neighbor, btw!



These are going in my survival/doomsday pack (along some casascius coins of course).

[nimda]

But if you think they are going down, you now have no way to short.

Borrow Bitcoins. Sell Bitcoins. Congrats, you are now short.

Seriously, I LOLed about this......

That's just one part of short... you wait til it goes below 10 and buy back the coins.. and u keep the difference.. that's the short...

Yeah, or your lender calls the mafia to help collect on your loan and you need to pay more than you sold them for... that's the short squeeze

[jojo69]

The price of bitcoin is directly proportional to the amount of shit-talk in the Something Awful thread about bitcoin.  The more they hate on it, the higher it goes, making them more and more wrong.

finally, a reliable indicator!

Thank you sir

[bitcoinBull]

The price of bitcoin is directly proportional to the amount of shit-talk in the Something Awful thread about bitcoin.  The more they hate on it, the higher it goes, making them more and more wrong.

finally, a reliable indicator!

Thank you sir

Is there a link to the SA thread or is it in a subscriber section? SA trolls can be entertaining to read sometimes.

[minorman]

During the spring we saw good news almost weekly - and the price went nowhere. I think the jump from 5 to 10 is just a delayed response. I certainly think that the good news more than justified a 2x jump.

Remember - a market cap of $ 0.1 billion is nothing. Nothing.
Bitcoin needs to reach well over $ 1 billion for anyone to notice. That, of course, is 100 usd/btc. Could happen before 2014 is over! Just buy more socks, etc.

[niko]

Should settle about 10.4 now, if we go through the weekend with more than 10.2 it is a confirmed move – expect 11+ next week.

Weekends tend down, for sure, but don't ignore that Mondays do as well. So do Tuesdays.

What's on y axis?

[dree12]

Should settle about 10.4 now, if we go through the weekend with more than 10.2 it is a confirmed move – expect 11+ next week.

Weekends tend down, for sure, but don't ignore that Mondays do as well. So do Tuesdays.

What's on y axis?

It's complicated to explain, which is why I omitted it. Effectively, days are classified as Growth if they have % growth above 1,27%, Decline if they have % growth below -0,46%, and unclassified otherwise. The bar represents the difference between Growth days and Decline days (measured in days). If Sunday has -12, for example, that means 12 more Sundays have been Decline days than Growth days. The scale is 5 per grey line, with orange representing zero.

[niko]

It's complicated to explain, which is why I omitted it. Effectively, days are classified as Growth if they have % growth above 1,27%, Decline if they have % growth below -0,46%, and unclassified otherwise. The bar represents the difference between Growth days and Decline days (measured in days). If Sunday has -12, for example, that means 12 more Sundays have been Decline days than Growth days. The scale is 5 per grey line, with orange representing zero.

Any chance you could add error bars? From the 6-hour version of the same plot, it seems like they would be significant.

[ErebusBat]

Hoping this holds true, going to pick me up some coins tomorrow.

[dree12]

It's complicated to explain, which is why I omitted it. Effectively, days are classified as Growth if they have % growth above 1,27%, Decline if they have % growth below -0,46%, and unclassified otherwise. The bar represents the difference between Growth days and Decline days (measured in days). If Sunday has -12, for example, that means 12 more Sundays have been Decline days than Growth days. The scale is 5 per grey line, with orange representing zero.

Any chance you could add error bars? From the 6-hour version of the same plot, it seems like they would be significant.

Here's a 6-hour with the following error function:

Code:

((Days Increased + Days Decreased)^2 / (Average DI + Average DD)^2) * STDDEV(all values)

I'm not sure about the usefulness of this however. The motivation is that the more days recorded that are "boring", the more "stable" the day is (rather than being wild-swingish in nature). The STDDEV is multiplied to allow the error bars to show up. Do you have a better idea for an error function?

[ErebusBat]

* ErebusBat wishes he was smarter so he knew what the hell you were talking about.

[augustocroppo]

* ErebusBat wishes he was smarter so he knew what the hell you were talking about.

You are "smarter" as much you wish. Just improve your knowledge:

http://www.youtube.com/user/investopediacom

http://stockcharts.com/school/doku.php?id=chart_school

http://www.econedlink.org/economic-resources/glossary.php

[ErebusBat]

* ErebusBat wishes he was smarter so he knew what the hell you were talking about.

You are "smarter" as much you wish. Just improve your knowledge:

http://www.youtube.com/user/investopediacom

http://stockcharts.com/school/doku.php?id=chart_school

http://www.econedlink.org/economic-resources/glossary.php

Sweet, thanks for the links augustocroppo!

[niko]

It's complicated to explain, which is why I omitted it. Effectively, days are classified as Growth if they have % growth above 1,27%, Decline if they have % growth below -0,46%, and unclassified otherwise. The bar represents the difference between Growth days and Decline days (measured in days). If Sunday has -12, for example, that means 12 more Sundays have been Decline days than Growth days. The scale is 5 per grey line, with orange representing zero.

Any chance you could add error bars? From the 6-hour version of the same plot, it seems like they would be significant.

Here's a 6-hour with the following error function:

Code:

((Days Increased + Days Decreased)^2 / (Average DI + Average DD)^2) * STDDEV(all values)

I'm not sure about the usefulness of this however. The motivation is that the more days recorded that are "boring", the more "stable" the day is (rather than being wild-swingish in nature). The STDDEV is multiplied to allow the error bars to show up. Do you have a better idea for an error function?
I was thinking a daily plot as above, with error bars representing 2*stdev based on four data points for each day (taken from the 6-hour plot).

[dree12]

Okay, here's the daily plot with error bars. They represent ±1 STDDEV.