Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30429.

Davyd05

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Quote from: Peter R on January 09, 2014, 02:44:31 AM

Quote from: mmitech on January 09, 2014, 02:38:56 AM

Quote from: Peter R on January 09, 2014, 02:38:01 AM

Is GHash.IO primarily independent miners pointing their hashpower this way, or is mostly internal to GHash (e.g., hardware at cex.io, etc)?

both

Hmm, I understand GHash does merged mining with alt coins and is thus more appealing to some miners. But I wonder why more aren't moving to Elegius or another smaller pool giving the current situation and potential (temporary) loss of confidence should something "funny" happen. Is this a "tragedy of the commons" or is it a case of "meh, whatever"?

well I dunno how badly many will want to commit a double spend as it may ruin the value of their stashes

mmitech

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things you own end up owning you

Quote from: Peter R on January 09, 2014, 02:44:31 AM

Quote from: mmitech on January 09, 2014, 02:38:56 AM

Quote from: Peter R on January 09, 2014, 02:38:01 AM

Is GHash.IO primarily independent miners pointing their hashpower this way, or is mostly internal to GHash (e.g., hardware at cex.io, etc)?

both

Hmm, I understand GHash does merged mining with alt coins and is thus more appealing to some miners. But I wonder why more aren't moving to Elegius or another smaller pool giving the current situation and potential (temporary) loss of confidence should something "funny" happen. Is this a "tragedy of the commons" or is it a case of "meh, whatever"?

most new comers jumping into bitcoin first think about mining thinking of the "free money" they can get from mining, they doesn't fully understand how Bitcoins works so they doesn't care or/and doesn't spend much time understanding the protocol and this is the biggest problem...

aminorex

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Sine secretum non libertas

both.

there is a data center which needs to be removed.

Peter R

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Quote from: mmitech on January 09, 2014, 02:38:56 AM

Quote from: Peter R on January 09, 2014, 02:38:01 AM

Is GHash.IO primarily independent miners pointing their hashpower this way, or is mostly internal to GHash (e.g., hardware at cex.io, etc)?

both

Hmm, I understand GHash does merged mining with alt coins and is thus more appealing to some miners. But I wonder why more aren't moving to Elegius or another smaller pool giving the current situation and potential (temporary) loss of confidence should something "funny" happen. Is this a "tragedy of the commons" or is it a case of "meh, whatever"?

mmitech

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things you own end up owning you

Quote from: Peter R on January 09, 2014, 02:38:01 AM

Is GHash.IO primarily independent miners pointing their hashpower this way, or is mostly internal to GHash (e.g., hardware at cex.io, etc)?

both

Peter R

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Is GHash.IO primarily independent miners pointing their hashpower this way, or is mostly internal to GHash (e.g., hardware at cex.io, etc)?

Davyd05

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Well, this is something we need to address. I wonder where the majority of ghash.io hashing power is located geographically

mmitech

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things you own end up owning you

in other note, for a moment pause speculating about the price and think about the network security, we are reaching a critical risk where Ghash.IO controls 45% of the network hashrate, this pool did double spend before and they can do it again..

look to this thread https://bitcointalksearch.org/topic/ghashio-and-double-spending-against-betcoin-dice-327767

and this how the network hashrate distribution looks today

Davyd05

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Quote from: nanobrain on January 09, 2014, 02:24:38 AM

Quote from: ?? on ??

Got pulled over for speeding in the Lambo (30 MPH over). Did not get a ticket:)

Sometimes life is win!

Hey Goat,
I got an email from Zazzle pulling the Lambo tshirt.
I replied and said "this person just bought this car and they can't wear a tshirt with its image?"
No, apparently they got a complaint from Lamborghini about it.

Seems 200K doesn't buy you much Wink

tis quite a shame

nanobrain

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Dumb broad

Quote from: ?? on ??

Got pulled over for speeding in the Lambo (30 MPH over). Did not get a ticket:)

Sometimes life is win!

Hey Goat,
I got an email from Zazzle pulling the Lambo tshirt.
I replied and said "this person just bought this car and they can't wear a tshirt with its image?"
No, apparently they got a complaint from Lamborghini about it.

Seems 200K doesn't buy you much Wink

arepo

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this statement is false

Quote from: mmitech on January 09, 2014, 02:12:48 AM

well too much Fiat ? waiting the price to head the direction you desire ?

I guess hubris describe both of us, or maybe I can say most of bitcoiners as well Cheesy

just trying to anticipate the movement, as usual. i don't care much about which way, especially on these scales. i'm just having fun swing trading, which is much harder to do, by design. it's like quantum mechanics -- the randomness becomes more and more apparent the further in you zoom. Wink

mmitech

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things you own end up owning you

Quote from: arepo on January 09, 2014, 02:04:09 AM

Quote from: mmitech on January 09, 2014, 02:02:49 AM

good morning guys, what is happening ? the trend broke all charts and expectations !! most of you say that news doesn't effect the trend but neither the charts seems to explain it, so what is going on ? ha ?

bitcoin growth by design....

oh geez the hubris is back.. i guess that explains the buying pressure Tongue

Hubris: (/ˈhjuːbrɪs/, also hybris, from ancient Greek ὕβρις), means extreme pride or arrogance. Hubris often indicates a loss of contact with reality and an overestimation of one's own competence, accomplishments or capabilities, especially when the person exhibiting it is in a position of power. The adjectival form of the noun hubris is "hubristic".

well too much Fiat ? waiting the price to head the direction you desire ?

I guess hubris describe both of us, or maybe I can say most of bitcoiners as well Cheesy

arepo

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Activity: 448

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this statement is false

Quote from: mmitech on January 09, 2014, 02:02:49 AM

good morning guys, what is happening ? the trend broke all charts and expectations !! most of you say that news doesn't effect the trend but neither the charts seems to explain it, so what is going on ? ha ?

bitcoin growth by design....

oh geez the hubris is back.. i guess that explains the buying pressure Tongue

mmitech

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Activity: 1148

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things you own end up owning you

good morning guys, what is happening ? the trend broke all charts and expectations !! most of you say that news doesn't effect the trend but neither the charts seems to explain it, so what is going on ? ha ?

bitcoin growth by design....

arepo

sr. member

Activity: 448

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this statement is false

im actually surprised by this buying pressure... the triangle is just about out of space on gox and threatening to blow, if there is enough volume.

arepo

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Activity: 448

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this statement is false

Quote from: MAbtc on January 09, 2014, 12:53:05 AM

Quote from: arepo on January 09, 2014, 12:43:38 AM

lawl @ triangle trying to break out on nighttime volume Cheesy

be patient guys, one more tiny swing down then breakout in the morning Wink

Yes I am definitely seeing indications that we'll break to the upside in the short term.

Any targets? I'm looking at $880-$907 Stamp give or take (maybe a bit higher, but my exit points are in that area). I still don't feel we'll be re-testing the highs.

okay, okay, i'll give you my targets, but only because it's such short term Tongue

my model predicts:

a) breakout upwards out of the present ascending triangle to the resistance at $875 - $880 (hard to tell because the $875 low on the 12-hour scale looks like an outlier)

b) this breakout will form a bearish wedge, continuing for another 12-hour period

c) bearish wedge will break down and retest the $775 - $780 support

here's a (rough) diagram of the smallest possible range (movements could be $5 to $10 outside of this range without breaking the model):

===

(price @ bitstamp)

https://i.imgur.com/vg9c7Kv.png

===

happy swing trading!

--arepo

Voodah

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Check out this line and never forget about it:

https://bitcointalksearch.org/topic/the-thin-red-line-406295

MAbtc

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Quote from: arepo on January 09, 2014, 12:43:38 AM

lawl @ triangle trying to break out on nighttime volume Cheesy

be patient guys, one more tiny swing down then breakout in the morning Wink

Yes I am definitely seeing indications that we'll break to the upside in the short term.

Any targets? I'm looking at $880-$907 Stamp give or take (maybe a bit higher, but my exit points are in that area). I still don't feel we'll be re-testing the highs.

arepo

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Activity: 448

Merit: 250

this statement is false

lawl @ triangle trying to break out on nighttime volume Cheesy

be patient guys, one more tiny swing down then breakout in the morning Wink

Nightowlace

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Quote from: HairyMaclairy on January 09, 2014, 12:17:02 AM

Quote from: ?? on ??

Got pulled over for speeding in the Lambo (30 MPH over). Did not get a ticket:)

Sometimes life is win!

Care to share your tips on talking your way out of tickets?

Drive a lambo and they don't care.

My friend lent me his Ferrari Spider and I was sitting at a light saw two mildly attractive girls so I started to rev it up. Looked at the corner and saw two beat cops. I thought oh shit, I'm about to get yelled at. Instead the one cop motioned his fingers in a rolling motion suggesting I light em up. I didn't want to disappoint so I light em up. I saw cheers and clapping in my rear view.

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