301500+ entries in 2.402s
mircea_popescu: ThickAsThieves>
i'm playing a drinking game, every time tiberius quotes a % with authority <<< lol
unbalanced: Thanks for the link,
I think
I saw one from someone else the other day too but didn't get a chance to follow it that day.
unbalanced: Nothing against the funds...
I'd just like to use all available options and buy at the best price each time.
unbalanced: Once
I stop consistently doing the wrong thing at the wrong time
I can begin to scale up.
unbalanced: Thanks ThickAsThieves, smickles -
I didn't think
I was ready for the full MPEX but maybe at some point
I'll get serious with this.
smickles: benkay:
I've heard that saying 'stable' or similar causes it to crumble
benkay: stablized somewhat around 63? am
I reading this correctly?
unbalanced: Correct me if
I'm wrong,
I could only txfr the bitcoins around, not the SDICE shares between passthroughs?
unbalanced: Namworld,
I see you run S.DICE-PT... currently lower than Havelock's SDICE so
I wonder could
I arb that?
I only trade on HI so far but
I keep seeing SDICE lower on MPEX and elsewhere so
I may need to diversify.
ThickAsThieves:
i think topace said he was taking a break for the weekend
Namworld:
I haven't seen Ukto/Topace in a while
Namworld:
I still see tiberius in the room
jurov:
i couldn't be living off coinbr then
jurov: and well, if indeed the price falls back to $5.. then
i'll get a job,
i guess :D
jurov: so then
i should be banned, no?
jurov: because
i expect that the rest of my btc investment will make up for that
jurov: then
i either lend fiat
jurov: no. but
i can convert to bitcoins in 2 days with seap transfer
jurov: yes, but
i believe on average this strategy will be successful
Namworld:
I actually get 100% of my income in BTC
jurov: yes,
i convert back from btc only to pay for 2 weeks of groceries
Namworld:
I pay groceries by converting BTC -> fiat
ThickAsThieves: tiberius
i think youre pretty smart but a lot of your arguments amount to "no suh!"
tiberiusiv: if
i saved BTC at $20 in 2011. did
i stop eating for an entire year?
jurov: say
i convert 15BTC back
jurov: then later
i convert some back to fiat at 45 EUR/BTC when
i need groceries/etc.
jurov: look say
i get 1000 euro paid. convert them immediately to 25BTC for 40 EURO/BTC
tiberiusiv: thickasthieves:
i just said bitcoin is BETTER to save in
jurov:
i'm talking about BOTH spending and saving
tiberiusiv: we arent argueing,
i was simply explaining its impossible for a business that accepts BTC only to be viable against a fiat competitor
jurov:
i'd say they are under their control practically
jurov: no, 90%. if
i have btcs on blockchain.info, who controls them?
jurov: um, and what are we arguing about?
i agree that 1% btc users control over 90% of everything
jurov: plus
i'm sure there were other tens of people who mined in 2009-2011 and now their income is nicely boosted
ThickAsThieves:
i'm playing a drinking game, every time tiberius quotes a % with authority
tiberiusiv: as
i said, we are at 0.001% of total users?
Namworld:
I tried lending and it burned.
I tried buying/flipping/holding stocks and it's a huge success.
I tried options but
I'm kind of failing at that.
smickles: wouldn't ya know it.
I go to spend some bitcoins, and the product is on backorder :|
Namworld:
I think most of the current price is speculation
ThickAsThieves:
i will concede that generally buying and holding has been the safest way to invest in bitcoin and make profit
tiberiusiv: in the end
i would say 1-2% of bitcoiners will control 80%+ of BTC
mjr_: same with asks
i am assuming
Bugpowder: So
I placed a set of bids at 45-50, and by bids at 30 and 35 that
I no longer have funds for disappear from the order bood
mjr_: if
i had my choice
i would buy on btc-e and sell on bitfloor
mjr_: otc is a good price signal
i think
chmod755: mjr_,
i prefer listening to music
chmod755: ThickAsThieves,
i could do something like that in Europe
chmod755:
i don't have a bank account in the US tho
jurov: ThickAsThieves,
i think even $5 difference in exchange rate is insignificant in the long run
mjr_: if
i can place an order...
i can cancel that order
mjr_:
i can make the order book look really really thick
Bugpowder:
I'm not sure if all will display on the order chart if you don't have the funds
splnkr:
i believe that was late-breaking news yesterday
mjr_: while we are talking about this...someone said that you could place multiple orders on gox ie. with $1000
i can place $1000 orders at multiple price points
chmod755: ThickAsThieves,
i think they also do USD
Bugpowder: 1) make your exchange secure. then 2)
I will trade on it
chmod755: ThickAsThieves,
i think if more people traded on other exchanges it would allow them to make their services more secure and stuff (with fees, etc)
mjr_: splnkr: oh
i hope so
smickles: tiberiusiv: what's your point about price discovery and gox?
I think
i missed it and
i don't want to read the log
ThickAsThieves: when
i say 'exchange' you know
i mean in the abstract right?
mjr_: which last
i checked is what exchanges were for
mjr_:
i use them to buy coins not hold coins
mjr_: well...
i bought coins there
Bugpowder: and
I suspect gox lag does contribute to instability
smickles: chmod755: at one point,
i made a full switch to bitfloor, then they got robbed
chmod755:
i don't understand why people use mtgox