Gold collapsing. Bitcoin UP. - page 959.

Odalv

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Quote from: cypherdoc on September 13, 2014, 06:28:12 PM

>so you copied the blockchain from one of your existing pc's?
yes

>how long would it take to download blockchain from network?
hours(days/minutes) ? .. I do not know .. It depends on connection speed. Theory says I'm able to write on my SSD 400 MB/s what is 65 sec (for 26 GB). Tongue

Edit:
Manufacturer says I can write 45 MB/s to SD, but reality is only 20 MB/s. .. My laptop is 3 years old.

cypherdoc

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Quote from: Odalv on September 13, 2014, 06:10:38 PM

cypherdoc, I have tried to run bitcoin-qt on
http://www.amazon.com/ADATA-Premier-128GB-Memory-ASDX128GUI1CL10-R/dp/B00DVXTOBO :-)

- it took 26 mins to copy blockchain
- 6 mins to verify blocks (3-6x longer than when using SSD)

so you copied the blockchain from one of your existing pc's?

how long would it take to download blockchain from network?

Odalv

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cypherdoc, I have tried to run bitcoin-qt on
http://www.amazon.com/ADATA-Premier-128GB-Memory-ASDX128GUI1CL10-R/dp/B00DVXTOBO :-)

- it took 26 mins to copy blockchain
- 6 mins to verify blocks (3-6x longer than when using SSD)

cypherdoc

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Quote from: blaaaaacksuit on September 13, 2014, 05:29:33 PM

Quote from: cypherdoc on September 13, 2014, 04:29:02 PM

Quote from: blaaaaacksuit on September 13, 2014, 02:22:39 PM

Quote from: cypherdoc on September 13, 2014, 01:22:13 PM

Here's another great hint as to what has been happening.

In this podcast, Lazlo Birinyi describes his Money Flow Model where he measures the degree to which the ask side is hit in Time & Sales. I find this podcast timely as I have been noticing just this strategy being executed in tandem with these big blocking walls.

If you watch carefully, just about all the big trades involving 25-100 BTC or so are green; meaning they're being hit on the ask side of the spread. This means there is more interested significant buying going on than selling. Someone is using these walls to keep price suppressed, get small panic sellers to jump in front, all the while they're buying in big chunks.

http://www.bloomberg.com/podcasts/masters-in-business/

Did he get enough before losing over 3000 btc in a single buy? Seems like he's going to have to accumulate all over again Cheesy

The other interesting point Birinyi made was that he doesn't think the stock market prices in anything beyond 3-6 months. With all this crap coming from the bears about the reward halving already being priced in 2 years in advance, as opposed to my own observations about what happened in 2012, I thought this was interesting.

Yea I agree. Traders are most definitely more concerned with if bitcoin will even be around two years from now. Factoring in a block reward halving two years from now seems asinine.

it's just a ploy on their part to try and convince all the weak hands that we will never see new highs and that Bitcoin is finished. don't be fooled.

blaaaaacksuit

sr. member

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Who cares?

Quote from: cypherdoc on September 13, 2014, 04:29:02 PM

Quote from: blaaaaacksuit on September 13, 2014, 02:22:39 PM

Quote from: cypherdoc on September 13, 2014, 01:22:13 PM

Here's another great hint as to what has been happening.

In this podcast, Lazlo Birinyi describes his Money Flow Model where he measures the degree to which the ask side is hit in Time & Sales. I find this podcast timely as I have been noticing just this strategy being executed in tandem with these big blocking walls.

If you watch carefully, just about all the big trades involving 25-100 BTC or so are green; meaning they're being hit on the ask side of the spread. This means there is more interested significant buying going on than selling. Someone is using these walls to keep price suppressed, get small panic sellers to jump in front, all the while they're buying in big chunks.

http://www.bloomberg.com/podcasts/masters-in-business/

Did he get enough before losing over 3000 btc in a single buy? Seems like he's going to have to accumulate all over again Cheesy

The other interesting point Birinyi made was that he doesn't think the stock market prices in anything beyond 3-6 months. With all this crap coming from the bears about the reward halving already being priced in 2 years in advance, as opposed to my own observations about what happened in 2012, I thought this was interesting.

Yea I agree. Traders are most definitely more concerned with if bitcoin will even be around two years from now. Factoring in a block reward halving two years from now seems asinine.

User705

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First 100% Liquid Stablecoin Backed by Gold

bitcoin currently is likely as always a binary proposition. It's either a 5 year plan or a 5 minute plan. Halving isn't being priced in because the landscape will be very different by that time.

cypherdoc

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Quote from: blaaaaacksuit on September 13, 2014, 02:22:39 PM

Quote from: cypherdoc on September 13, 2014, 01:22:13 PM

Here's another great hint as to what has been happening.

In this podcast, Lazlo Birinyi describes his Money Flow Model where he measures the degree to which the ask side is hit in Time & Sales. I find this podcast timely as I have been noticing just this strategy being executed in tandem with these big blocking walls.

If you watch carefully, just about all the big trades involving 25-100 BTC or so are green; meaning they're being hit on the ask side of the spread. This means there is more interested significant buying going on than selling. Someone is using these walls to keep price suppressed, get small panic sellers to jump in front, all the while they're buying in big chunks.

http://www.bloomberg.com/podcasts/masters-in-business/

Did he get enough before losing over 3000 btc in a single buy? Seems like he's going to have to accumulate all over again Cheesy

The other interesting point Birinyi made was that he doesn't think the stock market prices in anything beyond 3-6 months. With all this crap coming from the bears about the reward halving already being priced in 2 years in advance, as opposed to my own observations about what happened in 2012, I thought this was interesting.

blaaaaacksuit

sr. member

Activity: 280

Merit: 250

Who cares?

Quote from: cypherdoc on September 13, 2014, 01:22:13 PM

Here's another great hint as to what has been happening.

In this podcast, Lazlo Birinyi describes his Money Flow Model where he measures the degree to which the ask side is hit in Time & Sales. I find this podcast timely as I have been noticing just this strategy being executed in tandem with these big blocking walls.

If you watch carefully, just about all the big trades involving 25-100 BTC or so are green; meaning they're being hit on the ask side of the spread. This means there is more interested significant buying going on than selling. Someone is using these walls to keep price suppressed, get small panic sellers to jump in front, all the while they're buying in big chunks.

http://www.bloomberg.com/podcasts/masters-in-business/

Did he get enough before losing over 3000 btc in a single buy? Seems like he's going to have to accumulate all over again Cheesy

cypherdoc

legendary

Activity: 1764

Merit: 1002

Here's another great hint as to what has been happening.

In this podcast, Lazlo Birinyi describes his Money Flow Model where he measures the degree to which the ask side is hit in Time & Sales. I find this podcast timely as I have been noticing just this strategy being executed in tandem with these big blocking walls.

If you watch carefully, just about all the big trades involving 25-100 BTC or so are green; meaning they're being hit on the ask side of the spread. This means there is more interested significant buying going on than selling. Someone is using these walls to keep price suppressed, get small panic sellers to jump in front, all the while they're buying in big chunks.

http://www.bloomberg.com/podcasts/masters-in-business/

NewLiberty

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Gresham's Lawyer

Quote from: blaaaaacksuit on September 13, 2014, 11:56:38 AM

Did that wall get eaten in one buy?

Look to the volume...

blaaaaacksuit

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Who cares?

Did that wall get eaten in one buy?

cypherdoc

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still just a series of higher lows. plus, we know how to deal with the blocking walls:

cypherdoc

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There's also an excellent chance that if the little bulls can take out the little asks up to the edge of the large wall, the blocker may just pull the wall out of fear. Remember, these are blocking walls, not true sellers,imo.

cypherdoc

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Conversely, if you're a little bull, you should have no fear gobbling up all the little asks orders right up to the large ask wall so as to assist the large bulls in taking down the large wall in one fell swoop.

cypherdoc

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Quote from: cypherdoc on September 12, 2014, 07:32:07 PM

Quote from: marcus_of_augustus on September 12, 2014, 07:20:35 PM

Quote from: cypherdoc on September 12, 2014, 07:16:16 PM

we'll see a rush if that 475 wall at Bitfinex comes down

don't think so ... those walls have been there for the last 2 months, they'll just retreat a bit ... maybe.

it's pretty clear we don't have to worry about any of these large ask walls flash dumping and wiping out the bid side. they're just blocking walls. if we can just get those coins to change hands we could break thru.

Getting through that bfx wall is a big deal. Like I said, there's enough bullish action where the little sellers ought to be getting behind the big ask walls instead of jumping in front so as to catch an extra few dollars of pop when the wall breaks .

Zarathustra

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Quote from: justusranvier on September 12, 2014, 09:52:55 AM

Quote from: cypherdoc on September 12, 2014, 09:51:11 AM

we are a country born out of war (WWII). our prosperity was born out of war. we have continually lived war. we are a warring nation.

You Live In A Murder Based Society

A 'Murder Based Society' is a tautology. The society (collectivism/state and church/patriarchy) is per se murder based; from the very beginning. That's the differcence to the community (anarchy).

Pruden

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Spanish Bitcoin trader

Quote from: molecular on September 12, 2014, 01:37:32 PM

Quote from: Pruden on September 12, 2014, 04:32:23 AM

The cross under 10% is supposed to happen in mid-2015. It may have been brought earlier by the constant increase in hashrate, but at the same time this causes a shorter block time and higher coin emission (around +10% these days), so I think it can be confidently stated that we are still months away from going under 10% annual inflation.

At block 320,351 (right about now) annualized inflation is roughly:

Code:

(1 + (25*6*24) / ( 210000 * 50 + (320351 - 210000) * 25 ) ) ^ 365 - 1 = 10.4%

EDIT: corrected a 24 to a 25 which I previously thought I had corrected but instead f-ed up.

So yeah, if this is correct, we're not at 10% yet (about 140 more days to go)

And if you substitute the 6 for a 6.3 (and I'm being conservative) to reflect the increased rate of block findings per hour due to constantly increasing hashrate between difficulty adjustments, you get 11.0%. You see what I mean? Wink

cypherdoc

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Quote from: marcus_of_augustus on September 12, 2014, 07:20:35 PM

Quote from: cypherdoc on September 12, 2014, 07:16:16 PM

we'll see a rush if that 475 wall at Bitfinex comes down

don't think so ... those walls have been there for the last 2 months, they'll just retreat a bit ... maybe.

it's pretty clear we don't have to worry about any of these large ask walls flash dumping and wiping out the bid side. they're just blocking walls. if we can just get those coins to change hands we could break thru.

marcus_of_augustus

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Eadem mutata resurgo

Quote from: cypherdoc on September 12, 2014, 07:16:16 PM

we'll see a rush if that 475 wall at Bitfinex comes down

don't think so ... those walls have been there for the last 2 months, they'll just retreat a bit ... maybe.

cypherdoc

legendary

Activity: 1764

Merit: 1002

we'll see a rush if that 475 wall at Bitfinex comes down

Topic: Gold collapsing. Bitcoin UP. - page 959. (Read 2032274 times)