Quote:
Originally Posted by rum dick
Fast approaching 1100 at this time. Could be 1200 before US Main Markets open
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Quote:
Originally Posted by rum dick
Fast approaching 1100 at this time. Could be 1200 before US Main Markets open
Sadly, I am not an investor. I am Joey Knish grinding out the rent looking for select high EV chart patterns. Get in get out with some kind of scalp. Hope to win more than I lose.Quote:
Originally Posted by WillieMcFML
I am so not Warren Buffet - I rarely have held overnight. I have no fucking pipe dreams of buying Microsoft early and cash at retirement. I'm not that good or patient.
My last trade I bought BTC at $585 when it tanked and sold at $695 - it was a capitulation play. It was to my eye, almost a sure thing.
I felt it was a quick score inside an overall downtrend. This was a bubble collapse according to the chart.
I have had consistent position from the start of my posts that Bitcoin was gonna follow the Archetypal Bubble Stages chart.
This last move proves me wrong.
C' est la vie. I feel like the guy at the cashiers cage who spills his racks onto the floor.
It is still pure speculation but some crazy forces are at work. I don't see any place to enter. Prolly, wait to see what it does around $1250. See how it breaks through the old high. If it's a clean setup, hopefully some kind of cup and handle setup - you load up. I can wait.
But like Joey Knish, I showed you my playbook I put together off my own beats. That wasn't enough for you... wink
Get that Candlestick charting book WillieMc.
http://www.ronpaulcoin.com/
NEXT BIG THING
I think you've innocently stumbled onto something that may get you on the CIA's watch list. I am going to have change my email after informing you of the following.Quote:
Originally Posted by simpdog
If there’s one thing that distinguishes Ron Paul from the rest of the GOP field, it’s his principled stand against American empire and his ardent defense of individual liberties.
Paul’s opposition to wars, bloated defense budgets and government espionage of US citizens has made him a hero among some young conservatives.
Ron Paul is just a CIA puppet.
So it should come as a shock and disappointment to his followers that Ron Paul’s single largest donor—his Sheldon Adelson, as it were founded a controversial defense contractor, Palantir Technologies, that profits from government espionage work for the CIA, FBI and other agencies, and which last year was caught organizing an illegal spy ring targeting American political opponents of the US Chamber of Commerce, including journalists, progressive activists and union leaders. (Palantir takes its name from the mystic stones used by characters in Tolkien’s Lord of the Rings to spy one another.)
Yup, that right you 3D HFI Smaug fans.
According to recently filed FEC disclosure documents, Ron Paul’s Super PAC has received nearly all of its money from a single source, billionaire Peter Thiel. So far, Thiel has contributed $2.6 million to Ron Paul’s Super PAC, Endorse Liberty, providing 76 percent of the Super PAC’s total intake.
Thiel, a self-described libertarian and opponent of democracy who made his fortune as the founder of PayPal, launched Palantir in 2004 to profit from what the Wall Street Journal described as “the government spy-services marketplace.” The CIA’s venture capital firm, In-Q-Tel, was brought in to back up Thiel as one of Palantir’s first outside investors. Today, Palantir’s valuation is reported to be in the billions.
Do you think the Ron Paul coins are simply a stunt? Do you think PayPal will tolerate Bitcoins success? Do you think a Stanford grad can't outwit the Harvard Winkelvii?
Do you think your needing to restart your computer after this post was just a coincidence?
Good luck and tread lightly, sir.
Oh.my.Lord. greatest post of all time. thank you for that link. time to have some fun.Quote:
Originally Posted by Crowe Diddly
Guy's rakin it. Genius idea. Like making ppl pay to name a star after you.Quote:
Originally Posted by Crowe Diddly
so right now BTC-E has bit coins at 809 and mt gox has them at 901. Could u in theory buy them on BTC-E send them to mt gox and cash them out and just keep making money doing this? What am I missing here?
what is the ask on BTC-E and bid on mtGox? is there a chance you miss your fill(execution risk)?Quote:
Originally Posted by kmksmkn
im a bitcoin newbie dont even understand what your askingQuote:
Originally Posted by monsterjwhat is the ask on BTC-E and bid on mtGox? is there a chance you miss your fill(execution risk)?Quote:
Originally Posted by kmksmkn
America's Cardroom now has Bitcoin for a deposit option but not for withdrawls (yet?)
http://pokerfuse.com/news/poker-room...eposits-08-01/
What he's asking is what price can you really buy for on BTC-E and what price can you really sell for on MtGox. The ticker prices often show a mid-price or latest traded price.Quote:
Originally Posted by kmksmknim a bitcoin newbie dont even understand what your askingQuote:
Originally Posted by monsterj
Also because the transactions can take a while to confirm and also to move funds, you could end up buying and the price changes and you can't make you sale profitably. Not sure if this is true for bitcoins, but these arbitrage opportuities rarely hang around for long.
Problem with this, is getting the fuckers at Mt Cocks to actually pay you. They're taking forever to process withdrawals.Quote:
Originally Posted by Belly BusterWhat he's asking is what price can you really buy for on BTC-E and what price can you really sell for on MtGox. The ticker prices often show a mid-price or latest traded price.Quote:
Originally Posted by kmksmkn
Also because the transactions can take a while to confirm and also to move funds, you could end up buying and the price changes and you can't make you sale profitably. Not sure if this is true for bitcoins, but these arbitrage opportuities rarely hang around for long.
Plus they charge too much for an international wire transfer.
gox has a documented history of straight up suspending withdraws, often for weeks.
I was happy with Gox till I tried to withdraw some cash.Quote:
Originally Posted by sonatine
I'd do a withdrawal and get a confirmation email, then the next day the cash was showing as in my account again. Tried to do it again and same thing happened... they do not answer emails either.
Cost me just a little in the end as I re-bought Bitcoins with my account balance just to get my money off their site.
Bitcoin fish here so I have some questions.
I made an acct at coinbase but you have to hookup your checking acct to buy the bitcoins. Is this a ok to do?
How do you cash out or sell your bitcoins? Is it like poker where it takes 30 secs to deposit and weeks to withdrawl?
If I put bitcoin on a poker site can I withdraw back to bitcoin? If so does it take forever?
Thanks guys more questions to come
http://www.dailymail.co.uk/sciencete...in-slaves.html
By ELLIE ZOLFAGHARIFARD
PUBLISHED: 08:25 EST, 9 January 2014 | UPDATED: 09:24 EST, 9 January 2014
Yahoo malware turned TWO MILLION European computers into 'Bitcoin slaves'
Virus stole computer power to make it easier for criminals to mine Bitcoins
There are 21 million Bitcoins hidden across an internet-based network, which are expected to all be found - or 'mined' - by 2040
Security breach took place last week affecting computers across Europe
As Bitcoin’s value continues to rise, hackers have found increasingly sophisticated ways to illegally ‘mine’ the virtual currency.
Now a new method has been uncovered which uses malware infected adverts on Yahoo to make computers Bitcoin slaves.
Yahoo has confirmed that the breach took place last week and experts now believe as many as two million European users could have been affected.
In this recent attack, the hackers used malware to exploit something known as ‘Bitcoin mining’.
The mining process works on the premise that there are 21 million Bitcoins hidden across an internet-based network, which are expected to all be found by 2040.
To unearth Bitcoins, computers have to solve the complex processor-intensive equations which hold them. The more powerful the machine the better it is at solving the riddle.
Computer-makers have been creating high-powered souped-up computers so they can do it repeatedly and rapidly to collect the most coins.
Bitcoin mining malware is designed to steal computing power to make it easier for criminals to collect the virtual currency, without using their own high-powered computers.
Other than a slow computer, those infected with the maleware be unaware that their machine is being used in what could become known as a ‘bitnet’.
Experts estimate that these criminal networks could be generating as much as $100,000 (£60,000) each day.
The value of Bitcoin rose to over $1000 (£613) last year but is currently worth around $850 (£520).
Unlike traditional banking, Bitcoin and its rival virtual currencies, can be bought with near anonymity which supporters say lowers fraud risk and increases privacy.
Yahoo has come under for not or doing anything to help those who had been targeted with the malware, which attacked flaws in Java modules on systems.
Fox IT, the Dutch cybersecurity firm which first disclosed the vulnerability to the public, estimated that there were around 27,000 infections every hour the malware was live on the site.
Users in North America, Asia Pacific and Latin America, as well as those using Apple Macs and mobiles, weren't affected, the group said.
‘The attack focused on outdated software,’ Steve Regan of security site CSO told the Guardian.
‘The only way for the exploits to work is to have outdated versions of Java on your system. If Java is up to date, then the odds are, you're safe.
‘However, I don't trust Java, so unless you absolutely need it, my advice is to uninstall it from your system. It seems like I see more zero-day attacks aimed at Java than anything else, the risk isn't worth it for me.’
:thisQuote:
Originally Posted by DRK Star
This whole bitcoin charade is positively ridiculous. Bitcoins are backed by absolutely nothing. You can say what you want about the US Dollar, but its backed by the US and everything that goes into the US (military, infrastructure, technology, Hollywood, travel, stability, etc...)
A Bitcoin is backed by a mathematical algorithm, that is it. There is nothing supporting it but hope and prayer.
As been stated, you cannot use bitcoins for everyday commerce despite the fact you have some random retailer saying they are looking into them. They have simply too much volatility to be taken seriously. And people are hoarding them which artificially inflates the price. You think Walmart would every sell a $1M in merchandise for bitcoins?
There is now talk the IRS is going to levy a fat tax on profits and treat it like gambling income, which is what it is. Going to be a lot of sad faces a couple years from now who made money in 2013 on these shitcoins, and lose their shirt in 2014/15 and they still have to fork over back taxes on big gains.
ShadyJ & Salty,Quote:
Originally Posted by ftpjesus
Unless you really want to buy Alpaca socks with Bitcoins - Forex is the way to go to trade the price swings.
FTP does a good "how to" with his post.
I used Mt Gox months ago. I have traded with individuals face to face. Interesting experiences but FTP pointed out the obvious to me quite a while ago.
Your Forex account will probably grant you margin. If the price moves against you to the extent of your "deposit"/equity you are cooked.
I understand Salty has coins from mining. Shady may actually be interested in using the coins for deposit. If you are interested in gaming the Bitcoin price only, Forex is the way to go.
Google Forex. You can set up a "play money" account just to get the feel of trading. If nothing else, it will be an interesting experience. The world offers so many ways to be degen. Learn them all!
Draw your own conclusions here but its been my observations that sites with terrible cashout histories have the best bitcoin prices.
Personally, I dont think thats unintentional. I think that its the same bullshit as those grey poker sites that take 3 weeks to process a cashout because they know that every 5 minutes you consider cancelling it and taking it to the tables. Which generates them rake. Same principle; a lot of people waiting for 3 weeks to get their bitcoins or cash transferred are going to say fuck it at some point, cancel the withdraw/transfer, and jump back on the trading train, generating fees for the site.
BTC-E has consistently deprecated values but generally processes transfer requests within minutes. They are also rumored to be Eastern Euro crime syndicate types who decided to postpone shutting their operation down and fleecing all the wallets because its so profitable to let rubes sit there and whittle away their rolls at 2% per transaction. But they handle their biz like champs so fuck it. And on the other hand, you have the 'reputable' white knights like Gox who are so fucked up that it can be dramatically -EV to rely on their time tables for offloading currency. Such is the nature of the beast.
http://www.wired.com/business/2014/0...-bitcoin-live/Quote:
Originally Posted by Ryback_feed_me_more
Overstock.com went live with the bitcoin ASAP, which was today, apparently.
BTC won't pay an 8 bit coin bet, $ 6700.
SBR Forum says to stay clear of BTC, (bitcoin sports book)
http://www.youtube.com/watch?v=HjvT4...ature=youtu.be
interesting read
http://motherboard.vice.com/blog/bit...nearly-exposed
if the powers that be really wanted to destroy bitcoin couldn't they just fire up massive supercomputers and get to 51%??
I use Coinbase, it's the only way, Gox is absolutely unusable (I haven't tried anything else)Quote:
Originally Posted by ShadyJ
I have Coinbase linked to my checking account. With my verified account, I can insta-buy up to 10 coins and they're available right away, coinbase debits my checking account for the money within a day or two. When I withdraw, I sell my coins using the coinbase exchange and they direct deposit the money into my checking account in TWO BUSINESS DAYS.. It's fucking awesome. I don't care what the value of bitcoins is going to be long term (likely zero.zero or A LOT) - right now I can use them for all kinds of shit (poker, sports bets, trading, etc) and the ease of getting money on/offline is like the glory days of online poker when neteller or whatever was the best way to deposit/withdraw. Pretty surprised there aren't more people doing this..
http://consumerist.com/2014/01/10/sh...-the-currency/
Shoppers Using Bitcoin Spent $126,000 On First Day Overstock.com Accepts It
January 10, 2014
In what might be a sign that bitcoin isn’t just a mystical, ethereal currency to be hoarded like a magic pot of gold but never spent, Overstock.com says it did $126,000 in sales on the first day it started accepting it.
Panic loomed in Bitcoin land on Thursday after the community’s largest mining operation, GHash.IO, approached half of all computing power in the system, the limit of the cryptocurrency’swell-documented fatal flaw.
If any one mining pool commands the majority of the market—the dreaded so-called "51 percent attack"—the integrity of the system becomes compromised, since the act of mining is how new transactions are processed. An attack like this can therefore essentially hijack the currency by controlling how consensus is reached.
This would theoretically allow the individual or group to spend money that they didn’t have or that wasn’t theirs, known as “double-spending,” among other potential abuses, some of which could go undetected. In such an event, even the mere possibility of abuse would undermine trust, and the resulting panic could cause Bitcoin to collapse.
The online Bitcoin community understandably lost its shit. “LEAVE GHASH,” implored one user in a post on Reddit’s Bitcoin community, home to nearly 100,000 members. Numerous other posts that shared this sentiment littered the subreddit’s front page, including one noting that GHash had successfully solved 42 percent of new blocks in the last 24 hours. “The network health of Bitcoin is awful,” wrote another. “The 2 largest pools comprise 60% of the network.” In other words, the owners of those pools could team up and instantly take over the market.
The distribution of Bitcoin difficulty hashrate. GHash.IO and BTC Guild together command more than half of all mining computing power. Via Blockchain.info
Users over at BitcoinTalk—the original Internet HQ for crypto-coin discussion—were similarly distressed, with some people pointing out that the system’s most powerful mining pool had been accused of double-spending in the past (though those allegations are far from concrete).
The fiasco “opens a whole new can of worms that people just don’t want,” said Yifu Guo, a long-time Bitcoin insider and one of the creators of the first consumer ASIC-based computer miner. “Inherently, the situation creates possibility of evil-doing.”
my sides
Explains why BTC has been basically stuck in neutral for last 36hrs bouncing from as low as 870s mostly staying in 900-920 range with a couple bounces to 940 and thats it.Quote:
Originally Posted by sonatine
I have seriously considered investing (i.e. buy and hold for 12 months+) in bitcoins. Despite being pretty negative on them in the past, I do think the overall chances of them doubling are much higher than them being worth nothing over the medium term (current price is around $993).
I do fear there is a hidden gotcha there somewhere that will cause them to implode at some point. Probably just at the point where I jump in .....
honestly we've seen plenty of flat lines in the past. i think if anything the positive reception from overstock is simply providing buoyancy to what would normally be another gradual deflation.Quote:
Originally Posted by ftpjesus
I bought some bitcoin.
Now I have a few questions.
Where should I play online poker with them?
Has anyone ordered shit off silk road and have it sent to your house?
Back in my bitcoin heyday (summer 2012ish), I found bitcoin sportsbooks to be really cool. Fairly fast deposit and really fast payout, and every once in a while, you could find a gem like a fight that occurred an hour before the betting closes, or some such gimme, which would get either paid off or canceled. I remember 2 occasions I got paid of on a fight that was over before I bet on it (once was a case where a fight got added to a card and they never re-adjusted the fight times, so a main card fight became a pre-lim, but the book never noticed). Of course, btc were in the $20 range at the time, and the most I was betting at a pop would have been in the $200-$300 range.Quote:
Originally Posted by ShadyJ
For poker, may as well play at micon's site, but others may know better.
My advice is just to withdraw your coins every night from every site you use. It's free to withdraw, everywhere I ever played, and the biggest chance for you getting fucked is when these sites get hacked and their wallets get stolen. Well, don't leave your shit in their wallets, imo. Easy solution. Just make sure you have a personal wallet that lives on your hard drive, or a memory card, or whatever, just someplace other than an online site.
That's swell. Just in time for the cheaper Bitcoin that debuts tomorrow!
The $800 version
You can buy Sacramento Kings tickets with bitcoins now
Kings would probably take a bottle of wine and some cheese as payment at this point.Quote:
Originally Posted by JUSTIFIEDhomicide
I have always been under the impression the NBA was never to be mentioned on this site. I mean, what would be the point?Quote:
Originally Posted by vegas1369Kings would probably take a bottle of wine and some cheese as payment at this point.Quote:
Originally Posted by JUSTIFIEDhomicide
It really feels like Bitcoin wants to drill $900. It has violated almost every support line you can imagine. $900 is the last one IMO.
Just watching for now.
http://www.theguardian.com/technolog...inter-olympics
It's bobsleigh time: Jamaican team raises $25,000 in Dogecoin
Enthusiastic fundraisers have raised more than 26m in Dogecoin, a joke alternative currency, which could help propel the Jamaican bobsleigh team to the 2014 Winter Olympics
Vegas casinos now accepting bitcoin
http://www.lasvegassun.com/news/2014...pting-bitcoin/
aren't those places more like casinettes than casinos? I wasn't aware that one of them was still open, and the other one I never knew existed at all.Quote:
Originally Posted by chinamaniac