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http://www.dailymail.co.uk/sciencete...-currency.html
Meant to mention this. Pub in London started accepting Bitcoins as payment.
Got plenty of TV news coverage. Pub owner saying easy to use and will save him money etc.
Was solid positive coverage that will no doubt plant a few seeds with lots of small UK business owners.
I didn't realize that was a big deal. The German restaurant (Berlin Cafe) where the Vegas Bitcoin Club meets accepts bitcoins.Quote:
Originally Posted by Lord of the Fraud
PFA and Skatz are not in any kind of competition -- direct or otherwise.Quote:
Originally Posted by 408Mike
Skatz is a small niche group of mostly friends from the old NWP days, and they aren't trying to appeal to or attract a mass audience. It's also not at all about poker, despite the name of its URL.
PFA is more of a mainstream site that is about the poker and gambling world, with a focus on the scams/scandals aspect of it. It also has a large contingent of former NWP users, but it's meant for more of a general audience.
The rep system was not an invention of Skatz. It wasn't even an invention of Boris. It's a built-in vBulletin feature. Someone (not related to these NWP/Boris/DD/PFA/Skatz forums) came up with idea to embed positive and negative rep into posts, and the Boris owner (I think neverstop) implemented that mod. It was very popular on Boris, and while I saw its appeal, I had mixed feelings about it.
When PFA came up, I decided not to implement reputation because I didn't want the site to turn into a silly war of red-repping and green-repping, as Boris did. However, after about a year passed, and I realized that our active users were less likely to get into that sort of nonsense, I decided to take a poll about adding reputation, and the "yes" vote overwhelmingly won out.
The only thing left to do was actually implement it, since the ready-made mod that Boris/skatz implemented was not available for vBulletin 4, which is what I'm running here. I had to figure out how they did the embedded reputation mod on vBulletin 3, and then write my own version of the mod for vBulletin 4, which is what I did.
From what I can tell, almost everyone enjoys the reputation feature here, and it hasn't been abused.
skatz & pfa strategic alliance coming soon
BUCKLE UP PEOPLE
:to
finally a way to short bitcoins??
http://www.wired.com/wiredenterprise...lvoss-bitcoin/
Nice work by these two idiots who won 60 mill or so from Facebook. Can you say broke in less than 5 yrs?
No. They're smart dudes with diverse business interests. And the point of going public is to get other people to give you their money. They will get richer, maybe not from this though.Quote:
Originally Posted by simpdog
Bitcoin has slipped to $90 after holding steady from $105-$115 for a long time.
I wonder if this is the start of a second crash.
Good catch.Quote:
Originally Posted by Dan Druff
Price analysis
$100 was important support on the 3 month chart. $100 is now resistance. $80 is the next test. Breaks $80 and it should be in free fall.
I wouldn't touch that chart.
Volume analysis
So thinly traded normal accumulation / distribution really isn't valid. I am sure you heard it said but it looks like someone could push this price around - up or down.
I really haven't wrapped my head around the whole "mining concept". But this doesn't look healthy.
Quote:
Originally Posted by SanlmarGood catch.Quote:
Originally Posted by Dan Druff
Price analysis
$100 was important support on the 3 month chart. $100 is now resistance. $80 is the next test. Breaks $80 and it should be in free fall.
I wouldn't touch that chart.
Volume analysis
So thinly traded normal accumulation / distribution really isn't valid. I am sure you heard it said but it looks like someone could push this price around - up or down.
I really haven't wrapped my head around the whole "mining concept". But this doesn't look healthy.
Lol at "analyzing" extremely volatile markets.
BTC has gone below and back up 100 20+ times in the last 2 months. It will be back at 120 again in a week and then back down to 70 and then back up to 120 and then back down to 70. Nothing to see here folks, move along.
This is analysis as well, noting that it will soon be time to buy.Quote:
Originally Posted by anonamooseQuote:
Originally Posted by Sanlmar
Lol at "analyzing" extremely volatile markets.
BTC has gone below and back up 100 20+ times in the last 2 months. It will be back at 120 again in a week and then back down to 70 and then back up to 120 and then back down to 70. Nothing to see here folks, move along.
There's no trend about it. A trend is predictable, this is different. It happens randomly when a big investor or mining pool decides to dump earnings and buy back low.Quote:
Originally Posted by KuntmissionerThis is analysis as well, noting that it will soon be time to buy.Quote:
Originally Posted by anonamoose
You can't just say "well tomorrow it should go back up to 110 because BBC said BTC is the future", because then buy volume builds the price goes up and someone with 40k BTC decides "ok I'm alright with this amount" and sells off to all the buy orders which are always highly concentrated near the buy/sell price and then diminish as you go down. He can easily dump the price down to 90 dollars and then buy back in.
Tactics utilized in bitcoin markets are illegal in normal markets, and that's why BTC can be extremely unpredictably volatile. It comes down to are you lucky enough to sell at the right time and buy back at the right time.
I haven't been following much but I see they are down to around $90 atm. They will never return to the $250 or whatever they once were imo.
http://uberhumor.com/wp-content/uplo...07/ks6PqXY.gif
''The Winklevoss twins, Cameron and Tyler, immortalized in The Social Network as the Winklevii, are back in the news. Seeking to cash in on the craze for Bitcoin, the alternative digital currency, they announced Monday their intent to sell shares to the public in the Winklevoss Bitcoin Trust''
http://www.thedailybeast.com/article...in-gambit.html
Quote:
Originally Posted by anonamooseThere's no trend about it. A trend is predictable, this is different. It happens randomly when a big investor or mining pool decides to dump earnings and buy back low.Quote:
Originally Posted by Kuntmissioner
You can't just say "well tomorrow it should go back up to 110 because BBC said BTC is the future", because then buy volume builds the price goes up and someone with 40k BTC decides "ok I'm alright with this amount" and sells off to all the buy orders which are always highly concentrated near the buy/sell price and then diminish as you go down. He can easily dump the price down to 90 dollars and then buy back in.
Tactics utilized in bitcoin markets are illegal in normal markets, and that's why BTC can be extremely unpredictably volatile. It comes down to are you lucky enough to sell at the right time and buy back at the right time.
My take on the price chart was simply standard chart reading. Normally, that is what to expect price wise.
I think we agree basically.
This commodity is so thinly traded. There really isn't a lot of trading. Only takes one or two big & maybe manipulated trades to push the price around. Thinly traded stocks are always volatile and some day traders focus on them just for the action they provide. "If its moving bet on it."
You're right. In some markets this would be illegal. Your balls are in somebody else's hands.
Move along.
Quote:
Originally Posted by JACKDANIELS
Been watching market all day. Very entertaining. Was especially funny to see someone pull their market order of 5k at 80 (happened ten mins ago and people starting to freak out).
Also interesting that volume of trading still nowhere near April. Not going to be pretty when people cash out...
Since when are trends predictable? If they were trading would be easy.Quote:
Originally Posted by anonamooseThere's no trend about it. A trend is predictable, this is different. It happens randomly when a big investor or mining pool decides to dump earnings and buy back low.Quote:
Originally Posted by Kuntmissioner
You can't just say "well tomorrow it should go back up to 110 because BBC said BTC is the future", because then buy volume builds the price goes up and someone with 40k BTC decides "ok I'm alright with this amount" and sells off to all the buy orders which are always highly concentrated near the buy/sell price and then diminish as you go down. He can easily dump the price down to 90 dollars and then buy back in.
Tactics utilized in bitcoin markets are illegal in normal markets, and that's why BTC can be extremely unpredictably volatile. It comes down to are you lucky enough to sell at the right time and buy back at the right time.