121
|
Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
|
on: July 16, 2014, 08:21:00 PM
|
Speculation inherently runs the risk of being wrong. That's no excuse not to participate. Stop beating around the bush and make a price prediction, Stolfi.
A couple of months ago I tried issuing a daily ~20h prediction based on a hunch that I though might work (the "Chinese Slumber Method"). But in the end it was not significantly better than the trivial method "tomorrow the price will be the same as today". So my prediction for tomorrow at this hour on Bitstamp is 621.18 USD. Also for next year on this day, too. I will lay 10:1 against your prediction for Jul 16, 2015. Will bet up to 1 Bitcoin. I don't bet unless I believe I am right and I believe that I know why the other guy is wrong. And even then a pizza and beer is my upper limit. But, out of curiosity, what would be your bet -- higher than than mine, or lower?
|
|
|
122
|
Economy / Securities / Re: CoinReturn - Discussion of Current Issues and Possible Future Actions
|
on: July 16, 2014, 08:14:01 PM
|
Why do you think it may be the same guy? I see no names in that page. (Arbitrage is a favorite activity for scam companies - it looks very profitableand easy to people who have not tried it. Like the Soccer World Cup: it is easy to be the champion, one has only to kick the ball into the goal a few times.) (And any company whose announcement does not incldue the true full names and addresses of the top management can safely be assumed to be a scam.)
|
|
|
123
|
Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
|
on: July 16, 2014, 07:23:43 PM
|
Speculation inherently runs the risk of being wrong. That's no excuse not to participate. Stop beating around the bush and make a price prediction, Stolfi.
A couple of months ago I tried issuing a daily ~20h prediction based on a hunch that I though might work (the "Chinese Slumber Method"). But in the end it was not significantly better than the trivial method "tomorrow the price will be the same as today". So my prediction for tomorrow at this hour on Bitstamp is 621.18 USD. Also for next year on this day, too.
|
|
|
124
|
Economy / Scam Accusations / Re: Phinnaeus Gage aka ~Bruno Kucinskas where are you?
|
on: July 16, 2014, 06:46:14 PM
|
What makes you say [ that @Gleb_Gamow = Bruno Kucinskas = @Phinnaeus_Gage ]? The style of the posts looks quite different to me.
look at his first posts and work your way up, see who are his subjects, you'll get it. Or not. User @Phinnaeus_Gage had >20000 posts (in fact he was by far the most prolific poster in this whole forum). Could you be more specific, please? Of late, PG was poking into the life of Brock Pierce and the people conencted to him. That is hardly a peculiar interest, given that BP is now at the helm of the Bitcoin Foundation. (In fact, I am puzzled by the community's lack of interest about BP's career and connection.) I saw one post of @Gleb_Gamow on that topic. Is that the evidence you are referring to?
|
|
|
125
|
Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
|
on: July 16, 2014, 06:31:14 PM
|
In my thinking your comments are misleading b/c you are projecting the future, as if BTC prices are going to be on a continuous downward projection from December 2013 and thereafter.
Please point out the comma in those posts that you think can be interpreted as a hint of an insinuation of some innuendo about the future... I stated several times, and repeat again: I do not see how one could make any fundamented prediction about the price of bitcoin, even in the short term. I would not hazard making any. It may go to 6'000$ next week, or it may go down to 6$. All one can say is that, if this or that event were to happen, then the price could go signifcantly up or down. But none of the events that we can think of is sufficiently certain to happen, and other events may happen that would have the opposite effect.
|
|
|
126
|
Economy / Services / Re: I was hacked (1170btc stolen) - 500btc max BOUNTY
|
on: July 16, 2014, 06:11:41 PM
|
If my freind asked me too, I would love to take it to find out in our groups who betrayed, who, I have no problem being asked to take one and its not hard to find a lie detector professional if you have the money to do it.
A lie detector test is not 100% accurate. If you are innocent and take it, there is some chance that it will say 'guilty'. If the actual author of the hack was someone outside the tested group, you may be the only one who got flagged as 'guilty'. What would happen then?
|
|
|
127
|
Bitcoin / Hardware / Re: BFL fucks us over again
|
on: July 16, 2014, 05:00:16 PM
|
Incompetence is not a crime though. The big question is whether BFL as part of their long-term plan is able to be both running their business unethically, and appear just incompetent while doing so. Chopperman thinks it is taking all of their energy to be incompetent, they don't have the chops to step above that.
You all have read this thread I suppose: Butterfly Labs CEO 25 Million USD Mail Fraud — A Concise Summary of EvidenceWho would assume a high-responsibility management position under someone with this CV?
|
|
|
128
|
Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
|
on: July 16, 2014, 04:43:40 PM
|
Well, maybe [ mini-bubble ] is not the right technical term. I mean the one that started on May/20, at ~450 USD/BTC, and is still going on.
Fair enough, my techincal term would be an increase in value but you know, whatever perspective you look at it from OK, I used 'mini-bubble' because the onset was sudden and the rise was fairly fast (450 to 680, or 1.5x, in 10 days), but not as fast as the 'November bubble' (from 200 to 1200, or 6x, in 28 days). thats not a bubble, that was the bottom.
The bottom (after the all-time high) was ~350 USD/BTC, on April 11. No, just CNY, BTC and LTC.
CNY? Not CNH? (AFAIK it is the same currency, but called CNH when traded "offshore"; I suppose that there are barriers to limit flow between mainland and Hong Kong, is this so?)
|
|
|
129
|
Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
|
on: July 16, 2014, 03:15:03 PM
|
What mini bubble is this? I sure dont see any bubbling at the moment.
Well, maybe it is not the right technical term. I mean the one that started on May/20, at ~450 USD/BTC, and is still going on. Btw for your records BitVC is quite a good platform, been there for a day or so testing it out.
Thanks! Is it already open for general registration? Does is have other options besides BTC x LTC?
|
|
|
131
|
Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
|
on: July 16, 2014, 03:03:05 PM
|
Huobi has detached itself from OKCoin over the last few days. They used to be only 2-3 yuan apart, recently Huobi has been 20 yuan lower or more.
Huobi's volume has been shrinking too; it was ~20 kBTC/day on average over the last week, only 12 kBTC yesterday (Jul/15) -- whereas in Feb/Mar it typically had more than 50 kBTC/day. (Its record was 353 kBTC on Feb/25.) Yesterday's was the lowest volume since the New Year holidays -- excuding the three days May 17--19, the lull just before the sudden start of the current mini-bubble.
OKCoin (which used to be a distant second place to Huobi, a few months ago) has been shrinking too, but not as much. It has long surpassed Huobi and now has ~40 kBTC/day on average, 22 kBTC yesterday.
The shrinking of Huobi may perhaps be due to the opening of their Hong Kong exchange, BitVC. AFAIK it only trades BTC against LTC, and is still invitation-only; presumably the largest Huobi clients were invited and are having fun at BitVC rather than Huobi. Maybe some of them were OKCoin clients too. If that is teh case, the transfer of BTC from Huobi to BitVC may also be the cause of the current mini-bubble.
|
|
|
132
|
Economy / Services / Re: I was hacked (1170btc stolen) - 500btc max BOUNTY
|
on: July 16, 2014, 12:50:45 PM
|
How does bitmixer works? How can it give the info? Can you specify?
it's simple. you send them coins, they take a small fee and send you fresh coins from their pool to a different address of your choosing. so there is no link between your old coins and the new ones ... except the logs that bitmixer may choose to keep, and may turn over to the FBI, or to a friendly blackmailer near you ... [ But of course they will never do that. They say that bitcoin is great, so they must be honest brave people. ]
|
|
|
134
|
Economy / Services / Re: I was hacked (1170btc stolen) - 500btc max BOUNTY
|
on: July 15, 2014, 11:59:03 PM
|
4. Lesson learned. Give him 10% and step 4 is not going to happen.
Bingo! It sems hard to get honest people interested in bitcoin; but every scammer and crook in the world who learns a bit about bitcoin imemdiately falls in love with it. Why risk going to jail stealing credit cards, or selling bogus insurance by mail, when they can scam bitcoiners and steal bitcoins, with no worse risk than having their (probably fake) identity exposed and execrated on some obscure forum? If bank robbers could get off the hook by returning 90% of their loot, or even 150% but only on 50% of their attempts, there would be no banks.
|
|
|
137
|
Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
|
on: July 15, 2014, 08:24:28 PM
|
I agree that [ the Winklevoss ] seem to be making good progress, and I hope they're able to roll [ the COIN ETF ] out in the next few months. However, it's nowhere close to being guaranteed. [ ... ] I would think that as long as the twins are persistent, they'll eventually be able to launch it. But I don't know much about the different things that can prevent an ETF from seeing the light of day.
With so much lobbying it may indeed be approved. After watching the big bank bailout in the last crsis, I now expect anything from the US economic agencies. However, it will be ironic if the SEC, after denying the trading of bitcoin itself on stock exchanges for seeing it a financial instrument that has no backing assets or guarantees, were to allow the trading of shares of a fund that is backed solely by holdings of a financial instrument that has no backing assets or guarantees...
|
|
|
138
|
Bitcoin / Hardware / Re: BFL fucks us over again
|
on: July 15, 2014, 04:17:04 PM
|
You certainly know how to make friends around here Jorge. Why have you ventured out of the speculation forum anyways?
Satoshi's goal was to create a trustless payment system. I must admit that he succeeded, at least in the first part: after seven months of reading this forum and other bitcoin press, I have still to find ONE person in this community whose word I could trust.
|
|
|
139
|
Other / Announcements (Altcoins) / Re: [ANN] Navajo [NAV]- The Unbreakable Code [PoS/Anonymity/Privacy]
|
on: July 15, 2014, 03:56:02 PM
|
2) We did not go public with this information. We have been working privately with the devs all day trying to understand what happened and if we could come to some kind of resolution to recover the funds. It us unfortunate that it went public and generating fud now.
In other words, you intended to lie to people, continuing to tell them 'NAV is unbreakable' when you knew it wasn't. Great way to get people to trust NAV (and its dev team).
|
|
|
140
|
Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
|
on: July 15, 2014, 02:49:54 PM
|
Therefore, those businesses are likely to increase supply in the market (by moving coins out of hoards to the market), rather than demand. Basically, they induce holders to sell, and make it convenient to do so. Are they also inducing non-bitcoiners to buy bitcoin? It is not obvious: if you had dollars and no bitcoins, why would you choose to pay with bitcoin?
I did not expect the "using bitcoin kills bitcoin" argument from you, I thought you were a little better than that. And I did not expect to have that observation (which is not mine, many bitcoiners have been saying so) replaced by a completely different statement in order to dismiss it. I will give you an example. Suppose @JorgeStolfi is in the US and decides to buy a fancy 3000$ laptop. He can send 3000$ to the merchant; or he can send 3000$ to Bitstamp to buy 5 BTC, then send the BTC to BitPay and have them send the 3000$ to the merchant. Which one will he choose? Now suppose it is @Aminorex who decides to buy that laptop. He can send 3000$ to the merchant, or he can get 5 BTC from his holding, that he mined for pennies in 2010, and send them to Bitpay, who would send 3000$ to the merchant. Which one would he choose? (And Bitpay then would sell @Aminorex's 5 BTC on the market, where they would be bought by @SroomsKit with his 3000$ which cost him many baked potato dinners. So, simplifying the equations, @ShroomsKit would pay for @Aminorex's laptop; but maybe one day he will get his money back, and more, from some other optimistic investor...)
|
|
|
|