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Topic: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? (Read 4572 times)

Littleshop
legendary
Activity: 1386
Merit: 1004
How does it feel to sell 10-20 kBTC in low 50's couple of hours ago?
March 26, 2013, 09:45:40 AM
#54
Quote from: Littleshop on March 23, 2013, 10:14:20 AM
Something happens in 24 hours......

The supply from mining is going to drop by almost 1/3.  Right now the supply is unusually high do to many ASIC rigs coming online and those people are selling right away to pay for the rigs. 

The price will probably go back up 10-20 hours after the difficulty change. 

I called that one.   Grin
smoothie
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago?
March 26, 2013, 04:58:52 AM
#53
PEE PEE...so funny  Cheesy
AndyRossy
sr. member
Activity: 448
Merit: 250
Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago?
March 26, 2013, 04:57:53 AM
#52
Quote from: smoothie on March 26, 2013, 04:55:11 AM
How's your Pee Pee coming along?  Tongue

meh, I just run a chart website, in fairness, not been active in the alt for a while, real world demands.
smoothie
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago?
March 26, 2013, 04:55:11 AM
#51
How's your Pee Pee coming along?  Tongue
AndyRossy
sr. member
Activity: 448
Merit: 250
Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago?
March 26, 2013, 04:53:09 AM
#50
Point missed xD
smoothie
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago?
March 26, 2013, 04:49:14 AM
#49
Quote from: AndyRossy on March 26, 2013, 04:41:53 AM
It feels fine, aslong as you're the guy also buying them xD

Sorry I already bought in long ago.  Cheesy
AndyRossy
sr. member
Activity: 448
Merit: 250
Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago?
March 26, 2013, 04:41:53 AM
#48
It feels fine, aslong as you're the guy also buying them xD
smoothie
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago?
March 25, 2013, 09:25:49 PM
#47
Quote from: ElectricMucus on March 25, 2013, 07:47:49 PM
Quote from: smoothie on March 25, 2013, 07:36:34 PM
Hey Bears, how does it feel?

Actually I am relieved. The curve wasn't actually hyperbolic yet.
Might be something like 500 by next week and 20 in a month.

Dump = Relief?...well then you might need some government fiat toilet paper to wipe your butt after you dump.  Cheesy
ElectricMucus
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago?
March 25, 2013, 07:47:49 PM
#46
Quote from: smoothie on March 25, 2013, 07:36:34 PM
Hey Bears, how does it feel?

Actually I am relieved. The curve wasn't actually hyperbolic yet.
Might be something like 500 by next week and 20 in a month.
smoothie
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago?
March 25, 2013, 07:36:34 PM
#45
Hey Bears, how does it feel?
ElectricMucus
legendary
Activity: 1666
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Marketing manager - GO MP
Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago?
March 24, 2013, 06:32:13 PM
#44
Quote from: ElectricMucus on March 23, 2013, 10:44:21 AM
Quote from: phatsphere on March 23, 2013, 10:41:58 AM
Quote from: ElectricMucus on March 23, 2013, 08:33:58 AM
44 by Sunday

which sunday, tomorrow? i want to nail you on that one. please give a specific date.

yes tomorrow.

If I'm wrong I'm wrong, nothing at stake here, I am not even short Smiley

Guess I was wrong. But I'm staying out of this, I made $2k and quit while I'm ahead.
notme
legendary
Activity: 1904
Merit: 1002
Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago?
March 24, 2013, 01:44:02 PM
#43
Quote from: samson on March 24, 2013, 01:39:17 PM
Quote from: notme on March 24, 2013, 01:35:13 PM
They didn't disable it, they just moved it.  All api requests that don't require authentication are now at data.mtgox.com instead of just mtgox.com.  Supposedly this will help the trading lag since a separate server is now handling data spewing.

I'm astounded that it wasn't separated onto multiple front end servers in the first place.

Mtgox has a shitty setup from a technical perspective.  They claim some big improvements are coming, but I will be surprised if they are able to keep up with bitcoin growth.  In fact, I hope they won't so we can have a more distributed exchange scene.
samson
legendary
Activity: 2097
Merit: 1070
Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago?
March 24, 2013, 01:39:17 PM
#42
Quote from: notme on March 24, 2013, 01:35:13 PM
They didn't disable it, they just moved it.  All api requests that don't require authentication are now at data.mtgox.com instead of just mtgox.com.  Supposedly this will help the trading lag since a separate server is now handling data spewing.

I'm astounded that it wasn't separated onto multiple front end servers in the first place.
notme
legendary
Activity: 1904
Merit: 1002
Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago?
March 24, 2013, 01:35:13 PM
#41
Quote from: Qoheleth on March 23, 2013, 10:30:04 AM
Looks like Mt. Gox finally disabled the v0 API. Went back to look at my logs and they've been 403ing for the past two days or so.

What a shame. I'd like to have participated in this flash crash.

They didn't disable it, they just moved it.  All api requests that don't require authentication are now at data.mtgox.com instead of just mtgox.com.  Supposedly this will help the trading lag since a separate server is now handling data spewing.
Herodes
hero member
Activity: 868
Merit: 1000
Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago?
March 24, 2013, 11:14:58 AM
#40
Quote from: Vladimir on March 24, 2013, 11:05:28 AM
58% faster than normal last time I checked. Normal is 1 block per 10 minutes on average.


Correct - My math was off, I confused 1 block pr. 10 minute with 10 blocks pr. hour, so you're right.
Vladimir
hero member
Activity: 812
Merit: 1001
-
Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago?
March 24, 2013, 11:05:28 AM
#39
58% faster than normal last time I checked. Normal is 1 block per 10 minutes on average.
Herodes
hero member
Activity: 868
Merit: 1000
Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago?
March 24, 2013, 11:03:23 AM
#38
Quote from: Littleshop on March 23, 2013, 01:29:35 PM
Quote from: Herodes on March 23, 2013, 12:20:59 PM
Quote from: Littleshop on March 23, 2013, 10:14:20 AM
Something happens in 24 hours......

The supply from mining is going to drop by almost 1/3.  Right now the supply is unusually high do to many ASIC rigs coming online and those people are selling right away to pay for the rigs. 

The price will probably go back up 10-20 hours after the difficulty change. 

Is that so, isn't the network made such that the btc supply is constant, no matter how much hashing power there is, ie. 1 new block giving 25 btc on avg. every 10th minute ?
The network tried for 1 block every 10.  It makes that adjustments every two weeks or so. Right now production is unusually high and will be corrected in 18 hours.



Bitcoinwatch reports on avg. 9.08 blocks pr. hour, so it's not a whole lot more than normal, perhaps 10% faster than normal then ? Don't know what that avg. is based on though, if it's the last hour or the last 24 hours.
Littleshop
legendary
Activity: 1386
Merit: 1004
Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago?
March 23, 2013, 01:29:35 PM
#37
Quote from: Herodes on March 23, 2013, 12:20:59 PM
Quote from: Littleshop on March 23, 2013, 10:14:20 AM
Something happens in 24 hours......

The supply from mining is going to drop by almost 1/3.  Right now the supply is unusually high do to many ASIC rigs coming online and those people are selling right away to pay for the rigs. 

The price will probably go back up 10-20 hours after the difficulty change. 

Is that so, isn't the network made such that the btc supply is constant, no matter how much hashing power there is, ie. 1 new block giving 25 btc on avg. every 10th minute ?
The network tried for 1 block every 10.  It makes that adjustments every two weeks or so. Right now production is unusually high and will be corrected in 18 hours.

Aztec
newbie
Activity: 56
Merit: 0
Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago?
March 23, 2013, 01:15:28 PM
#36
Quote from: ?? on ??
True, that big orange button helps with that though :p

+1
navigator
sr. member
Activity: 362
Merit: 250
Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago?
March 23, 2013, 01:14:16 PM
#35
Quote from: Vladimir on March 23, 2013, 10:20:55 AM
Basically until ASICs will barely cover cost of electricity.


Please tell me if my maths is wrong. A BFL single 60gh/s, 60 watts, $0.07kw/h would cost about $.1/day in power. At current prices and a difficulty of 6,500,000,000 you would still make $.20/day. I forget how to convert difficulty to terahashes. Would 6.5 Billion difficulty translate to ~65000th/s? If so, that's ~43000 BFL 1.5th/s minirigs.
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