this is an interesting graph, it's started to move up against btc the last few hours
http://bitcoinwisdom.com/markets/btce/ltcusd
wtf? http://bitcoinwisdom.com/markets/btce/ltcusd
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32099. (Read 26472298 times)
October 23, 2013, 05:35:48 PM
October 23, 2013, 05:34:09 PM
Hope that shorting will not burn me as bad as buying Butterfly Labs Hardware back when it was $6 a BTC
I'm glad I bought my BFL 30GH/s SC with CAD (Paypal) instead of BTC last February. It finally arrived this week. Now hopefully this rally can last long enough to let my miner pay for itself before parabolic difficulty makes it obsolete. If nothing else, at least I've got a nifty little space heater just in time for the cold weather.
I've had mine (one 60 and one 30) for a couple of weeks now but the fans are so loud I have nowhere to put them so they've just been sitting in a corner at work awaiting an appropriate location as the difficulty sweeps up. Do you seriously think you have a chance of getting your money back by now? I was thinking I'd be lucky to get the value of my import tax back but overall I'm glad my money wasn't with the one that went under and I do have some nifty bits of kit that I can plug in and participate in the bitcoin underlying network - which was mainly what I was excited about in the first place
/off topicYep, mine's loud but I've already got "silent" high-airflow replacement fans ready to swap when I finally shut the thing down long enough to to make the switch. At the moment it sounds like a cross between a hair dryer and a vacuum cleaner.
As for getting my money back, I agree it's dicey, but as the BTC price surges upward, so do my daily earnings. Yesterday they were $10, today they're $13 and rising. Still it's a long way to go to pay for the $810 total including shipping, taxes, and border shakedown.
October 23, 2013, 05:32:51 PM
this is an interesting graph, it's started to move up against btc the last few hours
http://bitcoinwisdom.com/markets/btce/ltcusd
http://bitcoinwisdom.com/markets/btce/ltcusd
October 23, 2013, 05:19:58 PM
I wonder how recent 266 bubble affected people. Are they now not scared by bubbles any more and even if someone will dump lets say 100k bitcoins at once we will recover really fast? I'm not going to do anything when price will drop hard. Maybe will buy some more if i will have cash ready. But what others will do.
Last March/April I promised myself to learn from 2011 and not panic when the bubble burst, but wait and sell some coins to the dead cat bounce while hoarding the majority. Worked out OK. I sold at 165, bought back at 97 and been hoarding ever since.Now I'm trying to accumulate as much fiat as I can in my Virtex account without selling any coins, waiting to buy more coins when this next crash happens.
October 23, 2013, 05:17:35 PM
Hope that shorting will not burn me as bad as buying Butterfly Labs Hardware back when it was $6 a BTC
I'm glad I bought my BFL 30GH/s SC with CAD (Paypal) instead of BTC last February. It finally arrived this week. Now hopefully this rally can last long enough to let my miner pay for itself before parabolic difficulty makes it obsolete. If nothing else, at least I've got a nifty little space heater just in time for the cold weather.
I've had mine (one 60 and one 30) for a couple of weeks now but the fans are so loud I have nowhere to put them so they've just been sitting in a corner at work awaiting an appropriate location as the difficulty sweeps up. Do you seriously think you have a chance of getting your money back by now? I was thinking I'd be lucky to get the value of my import tax back but overall I'm glad my money wasn't with the one that went under and I do have some nifty bits of kit that I can plug in and participate in the bitcoin underlying network - which was mainly what I was excited about in the first place
/off topic October 23, 2013, 05:04:42 PM
Hope that shorting will not burn me as bad as buying Butterfly Labs Hardware back when it was $6 a BTC
I'm glad I bought my BFL 30GH/s SC with CAD (Paypal) instead of BTC last February. It finally arrived this week. Now hopefully this rally can last long enough to let my miner pay for itself before parabolic difficulty makes it obsolete. If nothing else, at least I've got a nifty little space heater just in time for the cold weather.
October 23, 2013, 05:01:53 PM
October 23, 2013, 05:01:16 PM
October 23, 2013, 05:00:35 PM
The Chinese speculators collectively dump 100k. It turns to a full on market panic where 500k are dumped.
You mean the one or two manipulators who are taking advantage of no trade fees.
October 23, 2013, 05:00:11 PM
Imagine if there was a Y1 setting. Whoooooooooooooooooooooooooooa.
October 23, 2013, 05:00:03 PM
The Chinese speculators collectively dump 100k. It turns to a full on market panic where 500k are dumped.
the trick is to learn lesson from April and don't panic
I'd panic about where to put my buy order.
October 23, 2013, 04:59:18 PM
The Chinese speculators collectively dump 100k. It turns to a full on market panic where 500k are dumped.
the trick is to learn lesson from April and don't panic
October 23, 2013, 04:57:54 PM
The Chinese speculators collectively dump 100k. It turns to a full on market panic where 500k are dumped.
October 23, 2013, 04:57:28 PM
Who has 100k btc anymore?
Other than dpr and satoshi...
Other than dpr and satoshi...
fbi could sell seized coins...
October 23, 2013, 04:54:22 PM
Lol, look at that red wick
October 23, 2013, 04:53:50 PM
Scary yea.
October 23, 2013, 04:51:12 PM
PSA: A correction now, even a big temporary sell-off, would be totally normal.
That's not saying we'll get one, but don't panic if it happens. The "DON'T PANIC" posts during a mini-crash may fall on deaf ears because they look desperate. They aren't; it is a fact that markets don't move in straight lines. Don't be a weak hand. Besides being generally cowardly, it is very expensive to your financial wellbeing.
We now return to our regularly scheduled rally
That's not saying we'll get one, but don't panic if it happens. The "DON'T PANIC" posts during a mini-crash may fall on deaf ears because they look desperate. They aren't; it is a fact that markets don't move in straight lines. Don't be a weak hand. Besides being generally cowardly, it is very expensive to your financial wellbeing.
We now return to our regularly scheduled rally
less than 20000 btc left on gox... where is that sell of gonna come from...
Indeed. It's possible, even somewhat likely, that Second Market soaked up all the coins weeks ago and we're now feeling the coin drought. Add that to the China tinderbox and BOOM. I expect continued rally, I just want to preemptively warn people that corrections are normal and healthy, sky isn't falling if the price dives one day, etc.
I wonder how recent 266 bubble affected people. Are they now not scared by bubbles any more and even if someone will dump lets say 100k bitcoins at once we will recover really fast? I'm not going to do anything when price will drop hard. Maybe will buy some more if i will have cash ready. But what others will do.
October 23, 2013, 04:49:42 PM
October 23, 2013, 04:49:35 PM
PSA: A correction now, even a big temporary sell-off, would be totally normal.
That's not saying we'll get one, but don't panic if it happens. The "DON'T PANIC" posts during a mini-crash may fall on deaf ears because they look desperate. They aren't; it is a fact that markets don't move in straight lines. Don't be a weak hand. Besides being generally cowardly, it is very expensive to your financial wellbeing.
We now return to our regularly scheduled rally
That's not saying we'll get one, but don't panic if it happens. The "DON'T PANIC" posts during a mini-crash may fall on deaf ears because they look desperate. They aren't; it is a fact that markets don't move in straight lines. Don't be a weak hand. Besides being generally cowardly, it is very expensive to your financial wellbeing.
We now return to our regularly scheduled rally
less than 20000 btc left on gox... where is that sell of gonna come from...
wtf are you talking about? Go to blockchained.com and look at what happen to ask sum before the last major crashes.
We are in risky territory.
are you unable to read little boy?
October 23, 2013, 04:48:37 PM
Anyone notice the rally stopped in China? I realize it's early for them, but today they barely rose a few bucks.
Its on again off again. Here its off on weekends, theirs seems to be off at random times randomly.
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