Maybe someone could find a shutdown sequence for this amok running algorithm?
We can only hope. Ignore doesn't work.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27076. (Read 26710201 times)
June 23, 2014, 12:24:58 PM
We can only hope. Ignore doesn't work.
June 23, 2014, 12:23:23 PM
no i'm buying now.
Why buy now?
What happens if Bitcoin breaks below the longterm Jan 2013 support trendline on strong volume?
Also, you always seem to be buying. Never selling. Where do you get the fiat from?
buying now because, good price.
since virtex lowered their fees i've been trading more, been doing good, not crazy amounts few 100-1K$ bets is all.
How much fees reduced by virtex, did not login there since long time.
starts at 0.75% pre trade now.
wow, that's still quite high. BTC-E is 0.2% i believe, and Bitfinex i think is still 0.15%. why do you trade at Virtex, if i might ask?
June 23, 2014, 12:22:50 PM
Yes. Because the sheep need something to panic about. If it wasn't this auction they'd find something else.
It's a minor event but it completely controls the price at the
Moment. Traders are idiots.
Probably on the day of the auction the idiots will start selling because people might start selling. The news has to be really damn good for the price to go up.
Anything not extremely bullish and the traders will totally completely fucking panic and sell.
When we recover a week later they'll find the next event to panic about.
It's a minor event but it completely controls the price at the
Moment. Traders are idiots.
Probably on the day of the auction the idiots will start selling because people might start selling. The news has to be really damn good for the price to go up.
Anything not extremely bullish and the traders will totally completely fucking panic and sell.
When we recover a week later they'll find the next event to panic about.
More and more I get the impression, that you are a bot. A posting-bot! An algorithm loaded with a few constants like sheep, panic, ignore, traders, idiots...
...fullfilling these constants with random words to sentences.
Maybe someone could find a shutdown sequence for this amok running algorithm?
June 23, 2014, 12:21:20 PM
no i'm buying now.
Why buy now?
What happens if Bitcoin breaks below the longterm Jan 2013 support trendline on strong volume?
Also, you always seem to be buying. Never selling. Where do you get the fiat from?
buying now because, good price.
since virtex lowered their fees i've been trading more, been doing good, not crazy amounts few 100-1K$ bets is all.
How much fees reduced by virtex, did not login there since long time.
starts at 0.75% pre trade now.
June 23, 2014, 12:20:38 PM
no i'm buying now.
Why buy now?
What happens if Bitcoin breaks below the longterm Jan 2013 support trendline on strong volume?
Also, you always seem to be buying. Never selling. Where do you get the fiat from?
buying now because, good price.
since virtex lowered their fees i've been trading more, been doing good, not crazy amounts few 100-1K$ bets is all.
How much fees reduced by virtex, did not login there since long time.
June 23, 2014, 12:15:18 PM
hmm looks like Huobi formed a double bottom with the last short term decline? is this it for the red candles? can we finally go back up!?!?
June 23, 2014, 12:14:06 PM
no i'm buying now.
Why buy now?
What happens if Bitcoin breaks below the longterm Jan 2013 support trendline on strong volume?
Also, you always seem to be buying. Never selling. Where do you get the fiat from?
buying now because, good price.
since virtex lowered their fees i've been trading more, been doing good, not crazy amounts few 100-1K$ bets is all.
June 23, 2014, 12:08:40 PM
It's a bit mystifying.
By design. You keep them guessing what the rules are, so that you can reinterpret the rules as you see fit. No one ever has to take responsibility for making the rules, since when called on it, they just say "oh, that, that's what I meant, exactly like you want it. sorry my flunkies misunderstood."
June 23, 2014, 12:04:46 PM
Isn't everyone simply awaiting the SR coins auction?
Yes. Because the sheep need something to panic about. If it wasn't this auction they'd find something else.
It's a minor event but it completely controls the price at the
Moment. Traders are idiots.
Probably on the day of the auction the idiots will start selling because people might start selling. The news has to be really damn good for the price to go up.
Anything not extremely bullish and the traders will totally completely fucking panic and sell.
When we recover a week later they'll find the next event to panic about.
June 23, 2014, 12:03:05 PM
no i'm buying now.
Why buy now?
What happens if Bitcoin breaks below the longterm Jan 2013 support trendline on strong volume?
Also, you always seem to be buying. Never selling. Where do you get the fiat from?
I am still sad about that 500btc wall guy that drove Bitstamp down from 685. Somebody always spoils the party.
Get a grip.
You think somebody could drive down a market with a 500 BTC wall if that market wasn't already teetering on the edge anyhow?
True. Its like the MtGox lag and April. Yes, if it didnt lag, we would have gone a lot higher.. but also crashed harder.
June 23, 2014, 12:00:49 PM
June 23, 2014, 11:57:44 AM
no i'm buying now.
Why buy now?
What happens if Bitcoin breaks below the longterm Jan 2013 support trendline on strong volume?
Also, you always seem to be buying. Never selling. Where do you get the fiat from?
I am still sad about that 500btc wall guy that drove Bitstamp down from 685. Somebody always spoils the party.
Get a grip.
You think somebody could drive down a market with a 500 BTC wall if that market wasn't already teetering on the edge anyhow?
June 23, 2014, 11:55:23 AM
Isn't everyone simply awaiting the SR coins auction?
no i'm buying now. 
June 23, 2014, 11:50:54 AM
Isn't everyone simply awaiting the SR coins auction?
June 23, 2014, 11:37:31 AM
I don't think the Chinese government wants to shut it down necessarily. There is a sizable bitcoin mining industry that depends on it and generates export revenue, and also many investors, big and small, who would lose money and get mad if they did. They just want to make sure that it is not used as a currency in commerce (which they mostly did already) nor a payment medium for illegal trade, bribery, and foreign subversion (which they still seem to be worried about) or as a way for a few smart people to suck money from unwary investors and traders (which they may worry about once enough victims start complaining).
Well, sure, but this semi-legalness of Bitcoin only troubles the legitimate uses. By clamping down on the industry while at the same time leaving lots of back doors open they will hamper the exchanges and indirectly the miners. The bribery and foreign exchange subversion will be unaffected as they can survive just fine on the voucher trade or whatever it is they are doing now. It's a bit mystifying.
June 23, 2014, 11:36:59 AM
We may as well. Sounds fun.
June 23, 2014, 11:36:15 AM
Are we still on for the July 24 ATH?
June 23, 2014, 11:32:18 AM
imminent choo choo.
monkey is sad about bitcoin this week.
I am still sad about that 500btc wall guy that drove Bitstamp down from 685. Somebody always spoils the party.
June 23, 2014, 11:22:33 AM
I meant a 51% attack by a government.
From what I've read, it seems that a 51% attack can be detected pretty easily and dealt with when it happens
"dealing with" an attack "by a government" is called war.
June 23, 2014, 11:21:56 AM
I do not think a 51% attack would mean the end. The pool would have to have a malicious intent. The people in the pool, probably would switch over to another pool (or the smaller pools could form together).
The 51% attack could only affect future blocks and not past blocks so, people could just stop using btc or blockchain could shut down until issue is resolved.
New modifications can prevent future attacks. I just do not see it as a serious threat. Does anyone agree with me on here (or am I missing something?)
I meant a 51% attack by a government.The 51% attack could only affect future blocks and not past blocks so, people could just stop using btc or blockchain could shut down until issue is resolved.
New modifications can prevent future attacks. I just do not see it as a serious threat. Does anyone agree with me on here (or am I missing something?)
From what I've read, it seems that a 51% attack can be detected pretty easily and dealt with when it happens, even without modifications to bitcoin to prevent it. What I haven't seen is what exactly is the procedure to deal with it when it happens. I think it is this uncertainty that has become an endless source of fear and doubt, because just having faith in the mining pools to act appropriately is not enough.
A pool is easy to deal with because everyone will leave.
But it will be much harder if the 51% is owned by one person.
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