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Topic: Gold collapsing. Bitcoin UP. - page 1519. (Read 2032274 times)

legendary
Activity: 966
Merit: 1003
April 19, 2012, 11:11:49 AM
Fuel that baby up for the party were gonna be having with all the moneys we be makin'..

I prefer the G650, but to each his own..

So fly like a G6..







http://www.gulfstream.com/products/g650/

legendary
Activity: 1764
Merit: 1002
April 19, 2012, 11:08:31 AM
Bye, bye $600's.  It was nice knowin' ya!
legendary
Activity: 1764
Merit: 1002
April 19, 2012, 11:01:31 AM
Ok I'm sick of guessing... wtf is ftj?

FUEL THE JETS! as in:

legendary
Activity: 1008
Merit: 1000
April 19, 2012, 10:58:48 AM
Ok I'm sick of guessing... wtf is ftj?
legendary
Activity: 1764
Merit: 1002
April 19, 2012, 10:51:21 AM
FTJ baby!!

AAPL is 600+ all the way!! Wink

I love u man... Smiley  Can't fault a man for exuberance, misguided as it may be!
legendary
Activity: 966
Merit: 1003
April 19, 2012, 10:49:50 AM
FTJ baby!!

AAPL is 600+ all the way!! Wink
legendary
Activity: 1764
Merit: 1002
April 19, 2012, 10:35:04 AM
Apple plans to conduct a conference call to discuss financial results of its second fiscal quarter on Tuesday, April 24, 2012 at 2:00 p.m. PT

Smiley

place your bets!
legendary
Activity: 1008
Merit: 1000
April 19, 2012, 10:34:21 AM
Apple plans to conduct a conference call to discuss financial results of its second fiscal quarter on Tuesday, April 24, 2012 at 2:00 p.m. PT

Smiley
legendary
Activity: 1764
Merit: 1002
April 19, 2012, 10:33:05 AM
this may be the last time Apple sees $600.  $500, here we come! Grin
legendary
Activity: 1008
Merit: 1000
April 19, 2012, 08:40:05 AM
Still that metric shows much lower counts than it showed for much of late 2011 and earlier this year.  I don't have the numbers but when there was a rally or selloff, there was numbers like 600 or more concurrent if I remember correctly.  Although, it just as easily could have been bots / fabricated connections since people are using it for making trade decisions.

Bear in mind that there are now more alternative live feed viewers (clarmoody and btccharts at least) than there were in 2011.  If the users have divided equally then the ~200 on mtgoxlive in 2012 is equivalent of 600 on mtgoxlive in 2011.

I don't know what the division actually is, but it's certainly incorrect to use connection count measures over years as any kind of metric.

ok, i need and education then.  i thought the Connected on mtgoxlive meant the users connected to their accts to trade, not just connected to mtgoxlive.  am i wrong?

Yes. It counts the number of clients on mtgoxlive.  When mtgoxlive used to go down more often you would see this number get wiped out to 0 as the feed was trying to come back up, but trading would resume as normal.
legendary
Activity: 1764
Merit: 1002
April 19, 2012, 08:39:02 AM
Still that metric shows much lower counts than it showed for much of late 2011 and earlier this year.  I don't have the numbers but when there was a rally or selloff, there was numbers like 600 or more concurrent if I remember correctly.  Although, it just as easily could have been bots / fabricated connections since people are using it for making trade decisions.

Bear in mind that there are now more alternative live feed viewers (clarmoody and btccharts at least) than there were in 2011.  If the users have divided equally then the ~200 on mtgoxlive in 2012 is equivalent of 600 on mtgoxlive in 2011.

I don't know what the division actually is, but it's certainly incorrect to use connection count measures over years as any kind of metric.

ok, i need and education then.  i thought the Connected on mtgoxlive meant the users connected to their accts to trade, not just connected to mtgoxlive.  am i wrong?
hero member
Activity: 504
Merit: 502
April 19, 2012, 03:52:52 AM
Still that metric shows much lower counts than it showed for much of late 2011 and earlier this year.  I don't have the numbers but when there was a rally or selloff, there was numbers like 600 or more concurrent if I remember correctly.  Although, it just as easily could have been bots / fabricated connections since people are using it for making trade decisions.

Bear in mind that there are now more alternative live feed viewers (clarmoody and btccharts at least) than there were in 2011.  If the users have divided equally then the ~200 on mtgoxlive in 2012 is equivalent of 600 on mtgoxlive in 2011.

I don't know what the division actually is, but it's certainly incorrect to use connection count measures over years as any kind of metric.
legendary
Activity: 2506
Merit: 1010
April 19, 2012, 01:20:28 AM
I'm a little embarrassed to admit that I didn't know there was such a metric.  Would you mind sharing how this is determined?  

http://mtgoxlive.com/orders?dark

Oh, .. mtgoxlive.  Yes, that's different.  I thought somehow the number of web visits to mtgox.com and/or connections for their API were being reported somehow.

Still that metric shows much lower counts than it showed for much of late 2011 and earlier this year.  I don't have the numbers but when there was a rally or selloff, there was numbers like 600 or more concurrent if I remember correctly.  Although, it just as easily could have been bots / fabricated connections since people are using it for making trade decisions.

Trading volume for a 10% move like this (since the weekend's $4.72 low) is pretty weak.  Bitcoinica shows 10K for 24 hour volume.  I think during the runup yesterday it was about 25K if I remember correctly -- way lower than the 100K to 200K earlier this year.  Mt. Gox 24 hour volume is 45K at the moment.

Transaction volume is really zipping up though.  Hope that isn't fabricated.  60 day history, 7-day average:
 - http://blockchain.info/charts/n-transactions?showDataPoints=false×pan=60days&show_header=true&daysAverageString=7&scale=0
legendary
Activity: 1764
Merit: 1002
April 18, 2012, 11:17:15 PM
Sisyphus is biting his lip....hard.
legendary
Activity: 1904
Merit: 1002
April 18, 2012, 10:22:51 PM
current connections on gox are higher than normal.

I'm a little embarrassed to admit that I didn't know there was such a metric.  Would you mind sharing how this is determined?   

http://mtgoxlive.com/orders?dark

Bottom left- "currently connected: ?"

btccharts also has a "? online" in the top right
legendary
Activity: 2506
Merit: 1010
April 18, 2012, 10:18:36 PM
current connections on gox are higher than normal.

I'm a little embarrassed to admit that I didn't know there was such a metric.  Would you mind sharing how this is determined?   
legendary
Activity: 2198
Merit: 1311
April 18, 2012, 09:22:49 PM
But what about 1 hundredth of a percent?  By your formula, that would be 20 USD per BTC.  The big investment banks are aware of bitcoin.  What percent of the money flowing out of assets do you think they control?  Would they throw a hundredth of a percent at Bitcoin when no other assets will hold value?  Perhaps.

JP Bitcoinica!

The result would happen as a process over a long period anyway, maybe a decade. With lots of ups & downs.

At that point, I'd be thinking more about a percentage of total derivatives, not just the equities markets - $700 trillion ($1.4+ quadrillion prior to BIS revisions). Gold established as a global reserve would need to back all outstanding debt on top of existing money supplies in order to stabilise the system - likely at a minimum of 10%. Bitcoin system denomination at 100th of that would be $700 to $1400 billion in 2011 dollars, or ~$30,000/BTC.

And then there's System D...

Oh god, this stuff again?  It's making me feel like it's April 2011 all over again.
legendary
Activity: 1316
Merit: 1005
April 18, 2012, 08:57:16 PM
But what about 1 hundredth of a percent?  By your formula, that would be 20 USD per BTC.  The big investment banks are aware of bitcoin.  What percent of the money flowing out of assets do you think they control?  Would they throw a hundredth of a percent at Bitcoin when no other assets will hold value?  Perhaps.

JP Bitcoinica!

The result would happen as a process over a long period anyway, maybe a decade. With lots of ups & downs.

At that point, I'd be thinking more about a percentage of total derivatives, not just the equities markets - $700 trillion ($1.4+ quadrillion prior to BIS revisions). Gold established as a global reserve would need to back all outstanding debt on top of existing money supplies in order to stabilise the system - likely at a minimum of 10%. Bitcoin system denomination at 100th of that would be $700 to $1400 billion in 2011 dollars, or ~$30,000/BTC.

And then there's System D...
hero member
Activity: 486
Merit: 500
April 18, 2012, 08:51:24 PM
Do we have a service yet where I can use my BTC to short AAPL, the bubble is about to pop, quick someone provide a service and make this possible....
legendary
Activity: 1316
Merit: 1005
April 18, 2012, 08:39:16 PM
I love them BBW's!!  Warm in the winter, Shady in the summer!! Smiley

I just threw up a little in my mouth.
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