Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31694.

BitchicksHusband

sr. member

Activity: 378

Merit: 255

Quote from: micalith on November 22, 2013, 03:15:53 PM

oh dear, it's the weekend. No more money in until Monday

I may have read somewhere (here?) that Chinese banks are open on Saturdays though...

Those poor communists can only transfer money instantly 24/7.

Not like capitalist 'Murica where it only takes 3 days.

chriswilmer

legendary

Activity: 1008

Merit: 1000

Quote from: BitchicksHusband on November 22, 2013, 03:13:58 PM

Quote from: TERA on November 22, 2013, 02:40:58 PM

I don't think it works that way.

The volatility will get LESS the more people that are involved, not more.

$32->$2 (94% drop)
$266->$60 (77% drop)
$900-> $453 (50% drop)

Don't be surprised if the next bubble only has a drop of (25%-33%).

Someday, when there are 1 billion people in bitcoin, $1 billion leaving the market will affect everyone by $1. See how that works?

In fairness to TERA, it looks like an approximately 30% (ok maybe 40%) drop on his diagram.

Rampion

legendary

Activity: 1148

Merit: 1018

What once was heavy resistance on Stamp, now is healthy support ($750).

I'm sorry for the grey bearded old-timers who live in fear of the ghost of 2011, but I think it's already proven that 2013 is no 2011.

micalith

hero member

Activity: 894

Merit: 501

oh dear, it's the weekend. No more new money in until Monday

I may have read somewhere (here?) that Chinese banks are open on Saturdays though...

BitchicksHusband

sr. member

Activity: 378

Merit: 255

Quote from: TERA on November 22, 2013, 02:40:58 PM

I don't think it works that way.

The volatility will get LESS the more people that are involved, not more.

$32->$2 (94% drop)
$266->$60 (77% drop)
$900-> $453 (50% drop)

Don't be surprised if the next bubble only has a drop of (25%-33%).

Someday, when there are 1 billion people in bitcoin, $1 billion leaving the market will affect everyone by $1. See how that works?

YoYa

hero member

Activity: 809

Merit: 501

Always verify deals with me through my public key!

Go on...DO IT.....DOOOO IT NAOOOW......Light the fuse, get this rocket started!

Surely there's someone here with enough fiat on hand to start the avalanche?

Pruden

hero member

Activity: 496

Merit: 500

Spanish Bitcoin trader

Quote from: Richy_T on November 22, 2013, 02:59:59 PM

Quote from: oda.krell on November 22, 2013, 02:33:26 PM

Quote from: BayAreaCoins on November 22, 2013, 02:22:47 PM

fucking saved Cheesy

Needed fixing

Thank you, mate.

miningnew

hero member

Activity: 854

Merit: 501

Boring price movement Tongue

italeffect

sr. member

Activity: 255

Merit: 250

Quote from: maz on November 22, 2013, 02:49:21 PM

The biggest factor for using gox with me is the trust issue. Not that I trust they wont be shit at exchanging, but I semi-trust they are in this for the long run and they are established. My biggest fear is whilst leaving my coins/fiat on an exchange they get seized by their local gov or they disappear with all users coins. This risk is real with BTCChina, as the Chinese government already did this with QQ's trading commodity, then there's Bitstamp, who's bank is based in Slovenia, they could easily do a 'Bitcoin-24' to their user's. Gox however has stood the test of time so-far. For which i can at least applaud them and have a sense of security in them.

I completely agree. Having used Gox since May of '11 and gone through all the various things that have happened. I reluctantly trust them more than the other players. Horrible communication? Yep. Poor (scripted) customer service? Yep. Not much has changed in over 2 years. But I certainly keep lower balances there at any given time then I used to, given the potential loss risk.

nagnagnag2

full member

Activity: 142

Merit: 100

sum_bid: 34,740,221 USD | sum_ask: 25,975 BTC | ratio: 1,337.43 USD/BTC

Grin

Joenaes

newbie

Activity: 20

Merit: 0

Quote from: Drabla on November 22, 2013, 02:54:47 PM

Quote from: Joenaes on November 22, 2013, 02:50:01 PM

In Belgium a popular stock magazine had a survey about bitcoin

Could you post the link or give the magazin name & date? Thx :>

http://www.beurs.com/2013/11/22/2000-vlaamse-nederlandse-beleggers-zien-gigantisch-potentieel-in-bitcoin/35233

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

the_sunship

full member

Activity: 230

Merit: 100

perfect!

Richy_T

legendary

Activity: 2576

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1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: oda.krell on November 22, 2013, 02:33:26 PM

Quote from: BayAreaCoins on November 22, 2013, 02:22:47 PM

fucking saved Cheesy

Needed fixing

micalith

hero member

Activity: 894

Merit: 501

Quote from: Carlor on November 22, 2013, 02:54:07 PM

Quote from: ag@th0s on November 22, 2013, 02:28:42 PM

Anybody know if there are any decent Charities that take Bitcoin yet for donations? Like Greenpeace or WaterAid or Medecin sans frontiere or whatever? I'd like to stick someone else's address in my sig.

E. Snowden maybe? Or Wikileaks?
But I would like to see more charities accepting btc, I mean it wouldn't be hard to implement and they could only win. Wrote to a few already but they don't want my btc, just my fiat.

https://bitme.com/donate

I wonder if it's well received, whether the red cross might start accepting if someone proposes it to them

ag@th0s

full member

Activity: 202

Merit: 100

Quote from: Richy_T on November 22, 2013, 01:50:22 PM

Quote from: ag@th0s on November 22, 2013, 01:42:44 PM

Quote from: Coinseeker on November 22, 2013, 11:54:28 AM

Quote from: adamstgBit on November 22, 2013, 11:53:04 AM

Ripple is based on trust. it will fail.

All transactions are based on trust. Since mankind first began bartering.

They're based on Trust because Fear is the backstop. All beasts are resource dependent and vulnerable - none of us are Gods. I'm agnostic about Ripple, but either I'm an imbecile or I just can't put together in my head how it actually works.

It works on the theory that when that guy borrowed that tool, you actually get it back.

Tool lending? That's just about the most stressful lending in the universe.

Drabla

member

Activity: 104

Merit: 10

Pecunia non olet

Quote from: Joenaes on November 22, 2013, 02:50:01 PM

In Belgium a popular stock magazine had a survey about bitcoin

Could you post the link or give the magazin name & date? Thx :>

Carlor

newbie

Activity: 28

Merit: 0

Quote from: ag@th0s on November 22, 2013, 02:28:42 PM

Anybody know if there are any decent Charities that take Bitcoin yet for donations? Like Greenpeace or WaterAid or Medecin sans frontiere or whatever? I'd like to stick someone else's address in my sig.

E. Snowden maybe? Or Wikileaks?
But I would like to see more charities accepting btc, I mean it wouldn't be hard to implement and they could only win. Wrote to a few already but they don't want my btc, just my fiat.

600watt

legendary

Activity: 2338

Merit: 2106

Quote from: Pruden on November 22, 2013, 02:45:39 PM

Quote from: Richy_T on November 22, 2013, 02:43:10 PM

The Internet Archive recently suffered from a fire. They take Bitcoins

http://archive.org/donate/

Lol, no matter what century we live in, archives still suffer from fires. Cheesy

http://en.wikipedia.org/wiki/US_patent_office_fire_of_1836

http://en.wikipedia.org/wiki/National_Personnel_Records_Center_fire

in germany they just collapse.

former archive of the city of cologne.

chriswilmer

legendary

Activity: 1008

Merit: 1000

Quote from: chriswilmer on November 22, 2013, 02:48:09 PM

Quote from: Pruden on November 22, 2013, 02:37:45 PM

Quote from: chriswilmer on November 22, 2013, 02:29:21 PM

Sorry if I wasn't clear. f(x) in my example is not e^x

f(x) = 1/(1+e^(-x))

If you raise this function to higher and higher powers, it will look more and more like a step function and have a super-exponential growth phase on a log-chart (in the limit, it will look like a step function on the log chart as well as the linear chart)

I am testing this in fooplot.com but it still looks exponential. A superexponential growth would look like a line curving upwards in the log-chart, and there is nothing like that, only straight lines, steeper with greater exponents, granted.

Just plotted it, I stand corrected!

For high enough powers, it will look like a step-function on a linear plot but a "corner" shape (i.e., exactly vertical and then exactly horizontal) on a log plot, my bad!

So yes, it will never look super-exponential. Sorry!

If I could say one thing in my defense though, if you modify f(x) slightly by adding a constant epislon (a teency weency "intrinsic value", say epsilon = 0.001), then it looks like a step function on both the linear and log plots for very high powers.

f(x) = 1/(1+e^(-x))^n + epislon

where n -> infinity

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