This is crazy, total bid sum has gone through the roof. I think we should prepare for another rally upwards soon, it can't stay at 110-115 much longer now.
It's where it was yesterday at this time, so yeah I think up is still very likely.
Yup.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33729. (Read 26462549 times)
April 19, 2013, 12:15:40 PM
It's where it was yesterday at this time, so yeah I think up is still very likely.
Yup.
April 19, 2013, 12:11:41 PM
This is crazy, total bid sum has gone through the roof. I think we should prepare for another rally upwards soon, it can't stay at 110-115 much longer now.
April 19, 2013, 11:54:28 AM
With your graceful permission, I will repost here my recent findings.
Summary: Bitcoin could act as the world's reserve currency in 2013 and after, as gold did in 1913 and prior. This would give BTC1 = $300,000 in present dollars. Please comment on the analysis, not the outcome.
Summary: Bitcoin could act as the world's reserve currency in 2013 and after, as gold did in 1913 and prior. This would give BTC1 = $300,000 in present dollars. Please comment on the analysis, not the outcome.
Oh, ok so you say if Ƀ surpasses the $300,000 mark in 2013 $$, we should sell? Thanks for the heads up
I kind of appreciate your argument but don't agree on the outcome as there will always be a speculative aspect to it. 7.11 billion people? Hey, I have some extra money and will speculate on the next 8 billion also wanting ɃɃ, so the value should be $600,000.
Oh no please, that's why I said read the analysis first. Adding 8 billion people will likely not change the outcome.
April 19, 2013, 11:52:26 AM
With your graceful permission, I will repost here my recent findings.
Summary: Bitcoin could act as the world's reserve currency in 2013 and after, as gold did in 1913 and prior. This would give BTC1 = $300,000 in present dollars. Please comment on the analysis, not the outcome.
Summary: Bitcoin could act as the world's reserve currency in 2013 and after, as gold did in 1913 and prior. This would give BTC1 = $300,000 in present dollars. Please comment on the analysis, not the outcome.
Oh, ok so you say if Ƀ surpasses the $300,000 mark in 2013 $$, we should sell? Thanks for the heads up
I kind of appreciate your argument but don't agree on the outcome as there will always be a speculative aspect to it. 7.11 billion people? Hey, I have some extra money and will speculate on the next 8 billion also wanting ɃɃ, so the value should be $600,000.
April 19, 2013, 11:41:27 AM
[...]
Hmm, not quite right neither …
[/s]
Edit:
for(Bid bid:bids) {
weighted_bid_price+=bid.price_per_BTC * bid.volume_USD;
}
weighted_bid_price/=total_bid_sum;
for(Ask ask:asks) {
weighted_ask_price+=ask.price_per_BTC * ask.volume_BTC;
}
weighted_ask_price/=total_ask_sum;
Would that work?
Hmm, not quite right neither …
[/s]
Edit:
for(Bid bid:bids) {
weighted_bid_price+=bid.price_per_BTC * bid.volume_USD;
}
weighted_bid_price/=total_bid_sum;
for(Ask ask:asks) {
weighted_ask_price+=ask.price_per_BTC * ask.volume_BTC;
}
weighted_ask_price/=total_ask_sum;
Would that work?
What if... I would offer 1BTC for 1 Billion Dollars?
You would have to wait 5 years for your order to get filled
Ok, seriously, there has to be some nice measure. If the average bid/ask doesn't work, take the mean bid/ask:
Code:
for(Bid bid:bids) {
bidSum += bid.volumeUSD;
if (bidSum >= 0.5 * totalBidSum) {
meanBidPrice = bid.pricePerBTC;
break;
}
}
for(Ask ask:asks) {
askSum += ask.volumeBTC;
if (askSum >= 0.5 * totalAskSum) {
meanAskPrice = ask.pricePerBTC;
break;
}
}
meanSpreak = meanAskPrice – meanBidPrice;
April 19, 2013, 11:33:28 AM
With your graceful permission, I will repost here my recent findings.
Summary: Bitcoin could act as the world's reserve currency in 2013 and after, as gold did in 1913 and prior. This would give BTC1 = $300,000 in present dollars. Please comment on the analysis, not the outcome.
Summary: Bitcoin could act as the world's reserve currency in 2013 and after, as gold did in 1913 and prior. This would give BTC1 = $300,000 in present dollars. Please comment on the analysis, not the outcome.
April 19, 2013, 11:25:36 AM
No. They were found by miners of that pool, not the pool itself. If the pool misbehaves (the blocks contain only transactions with high fees or the blocks contain no transactions at all etc.) these miners will switch within hours.
I wonder though why the first ASIC miners are not solo mining. Damn you can afford to do it with a block found on average within hours.
I wonder though why the first ASIC miners are not solo mining. Damn you can afford to do it with a block found on average within hours.
Some of them seem to have a psychological objection to variance. Or maybe the theory is that as more asics come online, the pools will regain their importance so some loyalty is in order.
Crap. If you solo mine, you can also be lucky and earn more than with a pool. It's just more variance and being more lucky now or less is absolutely the same now and later in the game but later your odds of finding 2 blocks per day might be half of today.
April 19, 2013, 11:14:08 AM
Looks like it's going lower now :/
Don't jump so quick. We will eventually go very low but so far it seems market has some momentul. We'll see the next days.
April 19, 2013, 11:13:01 AM
Looks like it's going lower now :/
April 19, 2013, 11:07:48 AM
It just keeps bouncing off $112.
April 19, 2013, 10:24:33 AM
Cool graph, gives noobs like me a little understanding.
April 19, 2013, 10:03:53 AM
No. They were found by miners of that pool, not the pool itself. If the pool misbehaves (the blocks contain only transactions with high fees or the blocks contain no transactions at all etc.) these miners will switch within hours.
I wonder though why the first ASIC miners are not solo mining. Damn you can afford to do it with a block found on average within hours.
I wonder though why the first ASIC miners are not solo mining. Damn you can afford to do it with a block found on average within hours.
Some of them seem to have a psychological objection to variance. Or maybe the theory is that as more asics come online, the pools will regain their importance so some loyalty is in order.
April 19, 2013, 09:39:13 AM
As I said, if you believe that chart that was being bandied about, this is the return-to-the-mean which is about correct at 120. I'm withholding my judgement but I suspect we'll see a steady climb until we get some more news of governments doing something crazy. Which could be any time...
April 19, 2013, 09:35:18 AM
No. They were found by miners of that pool, not the pool itself. If the pool misbehaves (the blocks contain only transactions with high fees or the blocks contain no transactions at all etc.) these miners will switch within hours.
I wonder though why the first ASIC miners are not solo mining. Damn you can afford to do it with a block found on average within hours.
I wonder though why the first ASIC miners are not solo mining. Damn you can afford to do it with a block found on average within hours.
Some of them seem to have a psychological objection to variance. Or maybe the theory is that as more asics come online, the pools will regain their importance so some loyalty is in order.
April 19, 2013, 08:56:20 AM
Good morning! Crazy night we just had.
Still looks bullish as hell, resistance has moved above $140.
Still looks bullish as hell, resistance has moved above $140.
Where can I get those beautiful charts?
Edit: Got it nvm
. April 19, 2013, 08:54:43 AM
Yes, small rally from the $110 low, hit twice, not broken. Next stop $120 ?
April 19, 2013, 08:50:50 AM
Good morning! Crazy night we just had.
Still looks bullish as hell, resistance has moved above $140.
Still looks bullish as hell, resistance has moved above $140.
April 19, 2013, 08:33:51 AM
People have become more cautious since the big crash, so 'bubbles' pop earlier but will also crash less hard. Hopefully this will lead to more stability and less panic buying because they know a correction will soon follow if it goes up too fast.
April 19, 2013, 08:26:45 AM
Is it me or today's bubble deflates exactly the same way as the big april one ?
It would mean $90-$100 resistance is key, like the $50 was for the "big" bubble. If it holds, both bubbles should be called over. If not the bears win.
It would mean $90-$100 resistance is key, like the $50 was for the "big" bubble. If it holds, both bubbles should be called over. If not the bears win.
April 19, 2013, 08:26:04 AM
And now the 8AM buyback is kicking in (US East coast time)
Lucky they woke up isn't it
Jump to: