log☇︎
311000+ entries in 1.724s
kakobreklaa: i have my deposits processed same day if im early enough
jurov: or i'll go by car to slovenia to deposit first lol
jurov: i'm considering to use this panic to sell bitstamp usd codes :D
ThickerThanThiev: i dont think people are as liquid as that
jurov: if i don't receive it in 2 days i'll let you know
jurov: pigeons i know, but i'm doing withdrawal not deposit
knotwork: ever since I have figured it is fundamentally worth more than $32 or at least $32
knotwork: I thought $32 was just people realising the potential and pricing it in
knotwork: I dont think $32 was really a bubble at all but saying it was plus all the hacks forced it into being one, self fulfilling prophecy
knotwork: yes I think so, if it keeps shooting up as fast when it passes $32 I'll start to think its likely to burst back down to $25 to 32 range
mircea_popescu: there, i jinxed it.
mircea_popescu: BTC prices have reached what looks like a permanently high plateau. I do not feel there will be soon if ever a 50 or 60 point break from present levels, such as (bears) have predicted. I expect to see the BTC market a good deal higher within a few months.
JWU42: I am selling about 5% at these levels
ThickerThanThiev: I think there are more and more people putting a portion of the their weekly paycheck into BTC
mircea_popescu: so 30-35 is more a reasonable next plateau i guess
knotwork: (by whether to bubble I mean whether to shoot on up more, not whether to "burst")
mircea_popescu: i think many people are psychologically invested in passing the bubble
JWU42: I thought we would stop at 20
knotwork: so I would not be surprised to see it go to $32 shortly then think about whether to bubble or just gloat a while before continuing up
jurov: lol i'm looking up the usd/eur rate at bitstamp's bank... and usd isn't there
mircea_popescu: all bitcoins in the world for 100k ? sure, i'll take em
Bugpowder: i love bubbles
pigeons: if it was .01 i could buy them all
mircea_popescu: knotwork i was trying to play teh daytrader what can i tel lyou.
jurov: i have my parents lined up for buying btcs if that happens
mircea_popescu: jurov i sold 200 btc's worth specifically to rebuy once price tanks back to 20.
jurov: lol this is insane... just few hours ago i cashed out a bit at 24.21
mircea_popescu: i wonder what the trouble is
mjr_: so if i can scoop up cheap coins on camp bx, or bitfloor, i would, simply cuz i plan on holding them
knotwork: yeah that is what I'd like to be able to do
mjr_: yeah, well, i mostly use the strategies i've said to try to get as long as possible, for as little money as possible
pigeons: at dominos? cause i used jjjrmy's bitpizza in 2011
mircea_popescu: i think book is deceptive, as btc ppl are very impatient.
pigeons: yeah i see high prices at havelock, then i look at the order size, right
mircea_popescu: i doubt there's 100 bux to be made working campbx/stamp/mtgox/w/e
mircea_popescu: i mean, take the havelock/mpex s.dice difference.
mjr_: i agree
mircea_popescu: i think arbing the fiat exchanges is more work than it's worth.
mjr_: i mean...i was watching around 3am NYC
mjr_: yes...mostly US and europe i would guess
mjr_: (though i realize it is global)
knotwork: I missed opportunities I could have in theory got by selling high and buying back in low but I could not be sure there would ever be a low to buy back in at
mircea_popescu: mjr_ selling calls on the usd or buying calls on the btc are very similar i think
mjr_: yes, i would definitely sell calls on the US dollar
mjr_: it's just hard when pretty much i think "it's going up"
mjr_: but what i said earlier is the reason why "martingaling" doesn't work over the long run
mircea_popescu: however, this is the #1 risk i face. one day it will be the case, and ima try not to get fucked then.
mjr_: anyways, with my call, which is my favorite single legged strategy, i will prob just let it auto exercise at the end of the month
mircea_popescu: they can't go retroactively and say i buy here i sell there
mjr_: if i could pick bottoms and tops, i would be a billionaire
mjr_: so i am just quibbling over how much percent i will make lol
mjr_: i think it will hit 30 by the end of the month (last friday)
mjr_: i believe when i bought the option bitcoin was around $24/1btc
mjr_: ugh, i was an accounting major, but i don't do that now because it aint fun
mjr_: i have to translate back to USD unfortunately
BitHub: i just write the amount of btc and the amount and the total amount i paid for it at the time.
BitHub: i do it at time of purchase mjr
mjr_: do i calculate my average cost of bitcoins, the price at the time of purchase, or the price when i exercise....
mjr_: which adds in the extra wrinkle of how do i calculate what i paid for the option
mjr_: i paid...
mjr_: nah, i was doing rough estimate
knotwork: or I guess, paid $8 and had an additional fee for the exchange of $0.30
mjr_: no...you are paying $17 (i bought the right to buy a bitcoin for $17) and I paid $8 for that right
mjr_: but if i tell you i will give you that option for $8...
mjr_: in my case, yesterday my breakeven for the $17 call was 25.30 i think...
leotreasure: i haven't started accepting donations officially yet but i guess you could send them here 1LeobZhdhmvQUpcdgF7MExR1CobUygUi5P
BitHub: where can i donate? :)
leotreasure: i'm going to speak with the head lawyer in Sydney in a few weeks
BitHub: i checked out the site today
mjr_: the 17 strike option was a good deal i think
mjr_: but yeah, options are tough, i just got calls so i wouldn't get left behind
BitHub: hey leo, was it you i was talking to about the aud law and stuff?
Bowjob: i didnt know arabic text is from right to left
mircea_popescu: heh the amusements continue i see
Bowjob: lol im not really a canuck. i didnt participate in the riots
Bowjob: Ah. I'm with a credit union
Ukto: actually, Bowjob, if your interested, I have someone who is looking to buy weex CAD
Bowjob: i wouldnt buy this house even if i had the money but its pretty nice
Ukto: Bowjob: next time I fly out that way, we can meet up
Bowjob: i know in other countries condos are expensive and detatched houses are cheap
Bowjob: I typed 1 bedroom condo in google
mircea_popescu: i thought condo-ing was a sort of upscale affair
mircea_popescu: i'd much rather just walk in a town than on a pasture.
mircea_popescu: i dont like golf.
mircea_popescu: i forget what all is on the list.
mircea_popescu: i'll prolly be having dinners at the white house, if tht happens
Bowjob: i shoulda dumped at least 10k on this thing
mircea_popescu: i love bitcoin, it fucks over people's sleep.
Namworld: Well anyway, I'm out
mircea_popescu: ;;later tell bugpowder http://i.dailymail.co.uk/i/pix/2013/02/11/article-2276884-17841A9A000005DC-22_634x815.jpg
mircea_popescu: i don't think assbot has a help implemented.
DeadWeasel: i'm a great guesser.
DeadWeasel: who is that woman? i see here everyone online
pigeons: http://i.imgur.com/FO5bs3O.png
mircea_popescu: speakingof which, the one i really have to get is hebrew
pizzaman1337: I hate how that language is aligned to the right side
mod6: not that i know what it says, lol. but it /looks/ awesome
mircea_popescu: i will get it in arabic
Bugpowder_: This site feels really professional now. I think I can invest now.
jurov: after a while i gave up and did it for him in perl