$980 atm
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$980 atm
Quote:
Originally Posted by BeerAndPoker
The plot thickens.
$250 (or so) drop in last 24 hours.
Until it falls to close to 300 or less it will still be an overall upward trajectory. I would Expect a crash down to 500 minimum over the next few weeks.Quote:
Originally Posted by NaturalBornHustlerQuote:
Originally Posted by BeerAndPoker
The plot thickens.
$250 (or so) drop in last 24 hours.
Micon better be cashing the fuck out.
I don't play on Seals but with the surging coin the once "low rake" must be a goldmine over the past month.
Most significant is that the volume of coins being moved now is higher than any time in the past month.
923 right now.
This is the "correction" I've been waiting for. I am hoping it falls significantly, then sits flat for some time. I will buy in at that point, as I think it still has some run-ups left.
Wow, just watched them fall to the 820 range, now just a few minutes later they are 990 again.
:ohh
Not sure what you mean by this. Volume is not even that high right now for the monthQuote:
Originally Posted by Dan Druff
Also mtgox is overinflated price due to seller limits. checking other markets and assigning some weight gives an overall better picture.
http://bitcoinity.org/markets/mtgox/USD
Maybe I'm bad at reading the MtGox graph.Quote:
Originally Posted by BetCheckBetNot sure what you mean by this. Volume is not even that high right now for the monthQuote:
Originally Posted by Dan Druff
Also mtgox is overinflated price due to seller limits. checking other markets and assigning some weight gives an overall better picture.
http://bitcoinity.org/markets/mtgox/USD
This is what I see, from Nov 2-Dec 1:
hmmm odd, website showing 60k not 100k plus as in graph.Quote:
Originally Posted by Dan DruffMaybe I'm bad at reading the MtGox graph.Quote:
Originally Posted by BetCheckBet
This is what I see, from Nov 2-Dec 1:
That makes sense, just seems to be conflicting info...
when I go to mtgox website chart showing it at 750 with rally mid month at 1250, so who know what the deal is....
Bitcoin Mining is Getting Out of Control
http://kotaku.com/bitcoin-mining-is-...98/@jcondliffe
Just one of ACISminer's Bitcoin mining operations.
:solidgold
Quote:
Originally Posted by NaturalBornHustler
Is Bitcoin About to Change the World?
http://www.theguardian.com/technolog...virtual-wallet
No, but Micon has another chance to be poor again if he holds onto Bitcoins for too long.
:doublefacepalm
deleted
CNBC just tweeted it is at $850 now.
By the time they got around to making their silly chart and tweet, it was back over $1K at gox.Quote:
Originally Posted by NaturalBornHustler
Looking at the tweet, there's some strange shit going on. It was tweeted at 5:48 EST.
http://pokerfraudalert.com/forum/att...9&d=1385939180
WTF time zone are they using? Or were they just guessing what the hourly closes were going to be?
Micon's PTR and bitcoin chart today look eerily similar.
I'm guessing that 7pm that is overlapping the 6pm shouldn't be there.Quote:
Originally Posted by Crowe DiddlyBy the time they got around to making their silly chart and tweet, it was back over $1K at gox.Quote:
Originally Posted by NaturalBornHustler
Looking at the tweet, there's some strange shit going on. It was tweeted at 5:48 EST.
http://pokerfraudalert.com/forum/att...9&d=1385939180
WTF time zone are they using? Or were they just guessing what the hourly closes were going to be?
Just a graphics error IMO.
i understand the graphics error, but it wasn't even six o'clock anywhere in the US yet, which, unless I'm fuckin retarded, is the country that CNBC broadcasts from/in. Not to mention the price was hundreds of dollars higher at that point already anyway. My guess is they used GMT, but that really confuses the issue when you don't bother to mention it. You may as well give the price in units without mentioning what the currency is.Quote:
Originally Posted by NaturalBornHustler
I am assuming your Twitter settings are jacked.Quote:
Originally Posted by Crowe Diddlyi understand the graphics error, but it wasn't even six o'clock anywhere in the US yet, which, unless I'm fuckin retarded, is the country that CNBC broadcasts from/in. Not to mention the price was hundreds of dollars higher at that point already anyway. My guess is they used GMT, but that really confuses the issue when you don't bother to mention it. You may as well give the price in units without mentioning what the currency is.Quote:
Originally Posted by NaturalBornHustler
That isn't CNBC's fault, it is something in your Twitter app.
I think they hit $10,000 before they ultimately go to $0. Micon ain't selling.
I don't understand how you think this could be on my end. That's a browser shot, not an app. They tweeted that above pic at the time I circled on the screenshot, and I posted it here like 20 minutes after they tweeted it, which was at 6:07 EST, according to the edit notation on my post.Quote:
Originally Posted by abrown83I am assuming your Twitter settings are jacked.Quote:
Originally Posted by Crowe Diddly
That isn't CNBC's fault, it is something in your Twitter app.
for the record, I like to think that I put a good bit more care and thought into my output than CNBC does, going by much of their programming. They put Jim Cramer on TV, for christ's sake. I'd never do something so silly and irresponsible.
ultimately, every currency goes to zero.Quote:
Originally Posted by snake_in_the_ass
Crowe.....it was 5:48 and they showed a graph up to 6pm. I don't see what the big deal is.
Where is a good place to go to find the exact trading price anyway? I googled earlier and briefly looked but couldn't find much.
the prices for the given times were incorrect, which makes the entire thing incorrect. At best, they were off by 4-5 hours.Quote:
Originally Posted by NaturalBornHustler
My fault I had it backwards.Quote:
Originally Posted by Crowe DiddlyI don't understand how you think this could be on my end. That's a browser shot, not an app. They tweeted that above pic at the time I circled on the screenshot, and I posted it here like 20 minutes after they tweeted it, which was at 6:07 EST, according to the edit notation on my post.Quote:
Originally Posted by abrown83
for the record, I like to think that I put a good bit more care and thought into my output than CNBC does, going by much of their programming. They put Jim Cramer on TV, for christ's sake. I'd never do something so silly and irresponsible.
Mt.Gox displays everything in GMT, CNBC took a screen shot from the Mt.Gox website which is why the times are all messed up.
yup. and by the time they posted the graph, it had already already gained back most of the day's $300 drop. So it was pretty much useless and misleading by the time they tweeted it.Quote:
Originally Posted by abrown83My fault I had it backwards.Quote:
Originally Posted by Crowe Diddly
Mt.Gox displays everything in GMT, CNBC took a screen shot from the Mt.Gox website which is why the times are all messed up.
Color me shocked that a news organization might want to sensationalize the news.Quote:
Originally Posted by Crowe Diddlyyup. and by the time they posted the graph, it had already already gained back most of the day's $300 drop. So it was pretty much useless and misleading by the time they tweeted it.Quote:
Originally Posted by abrown83
We are now back to status quo in the life-cycle of Bitcoin. I am guessing we see fear within the week.
Hoping to get in at around 50-100.
Jesus Christ what the hell is the price right now?? Anyone?
Quote:
Originally Posted by NaturalBornHustler
- Last:$1,061.10001
- High:$1,185.00000
- Low:$840.32000
- Vol:85410 BTC
- W.Avg:$1,035.85484
https://www.mtgox.com/
Every Fiat Currency does anyway. Every currency backed by nothing goes to zero, its just a matter of time.Quote:
Originally Posted by Crowe Diddlyultimately, every currency goes to zero.Quote:
Originally Posted by snake_in_the_ass
Every currency backed by something else is always worth what something else is worth. For as long as humans have had an economic system (assuming gold was around in the battering days) we have always valued gold. Seeing as you can't just conjure Bitcoins out of thin air and they have a cost associated with them I suspect they will always have some value.
If/when things get out of hand with our currency one morning we will all wake up and the Government will take the total $$ in circulation and divide it by the total gold holdings of the USA and establish a new gold price and call the currency "backed by gold". I'm actually scared this will happen in Japan at some point in the next few years.
Is this the way most people see it going? Maybe not down that low, but in the near future south of $300?Quote:
Originally Posted by abrown83Color me shocked that a news organization might want to sensationalize the news.Quote:
Originally Posted by Crowe Diddly
We are now back to status quo in the life-cycle of Bitcoin. I am guessing we see fear within the week.
Hoping to get in at around 50-100.
Really want to jump in on this too. Feeling very foolish for not at least risking a little bit in the beginning.
Quote:
Originally Posted by SanlmarTrading $1180.Quote:
Originally Posted by Dan Druff
Let's short it here. You in, Druff?
I'm taking a victory lap here. Shorted 10 BTC @ $1180 thru Bitfinex @ ridiculous interest. Covered 5 @ $952. Gonna let the rest run with a buy stop at $1300 for now.Quote:
Originally Posted by SanlmarI'm calling a correction here. This is my first short on this. No, I do not see $1500 before some work is done. Gotta retrace a bit and find a base.Quote:
Originally Posted by BeerAndPoker
The rise is just unsustainable. We all think that. But I love the press jumping on the $1000 news. That was the plan. Overshoot target to squeeze the folks who shorted at the magic $1000. Touched $1250 and those folks covered their loss. Now it corrects.
I think risk to upside is far less than likelihood it breaks $1000. My target $850.
We'll see.
I know one thing the media is now on the Bitcoin story full steam ahead. I am seeing at least 10 articles about it everyday on twitter, major outlets all over it. That probably isn't a good thing.
Last one talking about if government is going to tax gains being a currency or commodity. The government never misses an opportunity to take "their share" of...everything so I am going to say yes on taxing it. They will find a way.
what is margin requirements to naked short?(or what are the requirements to market make?)Quote:
Originally Posted by SanlmarI'm taking a victory lap here. Shorted 10 BTC @ $1180 thru Bitfinex @ ridiculous interest. Covered 5 @ $952. Gonna let the rest run with a buy stop at $1300 for now.Quote:
Originally Posted by Sanlmar
The first Bitcoin miner has one million Bitcoins that is worth about $1 Billion, his name is not Bryan Micon.
:lol2
Satoshi? I was under the impression that none of his bitcoin have ever been spent.Quote:
Originally Posted by TheXFactor
Harvard?Quote:
Originally Posted by DirtyBSatoshi? I was under the impression that none of his bitcoin have ever been spent.Quote:
Originally Posted by TheXFactor
Satoshi Nakamoto, is that even his real name?Quote:
Originally Posted by DirtyBSatoshi? I was under the impression that none of his bitcoin have ever been spent.Quote:
Originally Posted by TheXFactor
Gold vs Bitcoin
(November 2012 - November 2013)
Gold is down 28%.
Bitcoin is up 8,451%.
Impressive considering that gold has outperformed the S&P 500 (the biggest public companies) for the past 20 years
:ohh