log☇︎
316900+ entries in 3.318s
smickles: vegas is 8hrs away in a car
smickles: I am if I can get away for a weekend
Bugpowder__: Anyone interested in a Vegas meetup at some point?
smickles: I'll take a beer :D
jurov: ^ selling a bit of my stash every day
Bugpowder_: I'm still waiting on a shipment for over 2 weeks from bitcoinstore.com
smickles: mpex is the exchange, it's not like the nyse tradefloor has a web portal
taub: mpex really could use a facelift
Bugpowder_: wait a minute
jurov: Bugpowder_: you can. just get a coinbr affiliate link :)
smickles: coiner, lol. that sounds like a bad word
smickles: i'll vouch for coinbr, it's a good service
Bugpowder_: buying puts on a dip
Bugpowder_: I've lost hundreds in a few hours
KRS1: I bet its safe to say bugpowder has lost a coin or two as he was learning..
smickles: drat. my daughter found out how to have the printer give a test page
Bugpowder_: Not necessarily. If the value of a security goes up, then everyone wins
jborkl: He owns a seat on the exchange, which has appreciated in value
Bugpowder_: I must say, buying a seat on MPEX was the second best decision I made in bitcoinlyfe
jborkl: you won a seat on the MPEX echange , which has inherent value
KRS1: oh i see..buys are a bit low in demand so he's trying to discount them to get rid of em at a good price without bringing market price down
cylta: KRS1: so, it's profitable for him to sell just a bit below, because it will be more than he will get if he will sell at market price... market price is limited to 10 btc aprx.
Bugpowder: cylta: feel free to use my fingerprint for a 5BTC discount on the signup fee :)
KRS1: ok sorry bout that..so I 4000 btc for sale at 77.756 each on otc..I can buy from this guy at a discount (compared to current M.P.)?
KRS1: I'm a noob at this stuff, even after working with and mining BTC for almost 2 yrs now, can someone answer a question about OTC for me?
smickles: like all the peeps who heard about bitcoin on 'Security Now' and ran a client for fun
smickles: I'd bet it's a foot in the door. they may not start using BTC regularly right away, but it's psycologically addictive
deadweasel: or do you think most pick up some BTC, get their stash, and do it again in a few weeks.... never realizing the power of BTC
deadweasel: ok, the more important part is how many of the SR users turn to BTC as a whole, whether it be speculation, assets, whatever.
KRS1: that would be nice...im trying to buy more, but on a dip at some point
mircea_popescu: <smickles> i did a few times, but there wasn't ever anything worth buying <<< i kept saying it's irrelevant but NO!!! DRUGS!!! SR BIGGER THAN MPEx!!!1
assbot: Hell, ain't we about more fucked than a whore at closin' time, huh?
Chaang-Noi: if only i had a million on gox :)
smickles: i did a few times, but there wasn't ever anything worth buying
smickles: < mircea_popescu> so this means in fact sr is either a honeypot or else has been under law enforcement scrutiny for months <<< probably since that initial address change
MJR_: or they could just be in a jurisdiction that gives two shits
Chaang-Noi: the public ip could be a fake ip
Diablo-D3: Ive been saying its a honeypot since the day 1
mircea_popescu: so this means in fact sr is either a honeypot or else has been under law enforcement scrutiny for months
Diablo-D3: mircea_popescu: because people love a story
ZedsterX: no need to elaborate just yet....lemme learn a bit more
Bugpowder: This is typically a very active time of day though, that wall is really temping someone I bet...
ZedsterX: thanks for the clarification....i am just now reading day Trading for Dummies so I am currently a Dummies but learning
Bugpowder: not that selling 12000 BTC at 77.5 would be considered a bad outcome for most people :-P
Bugpowder: It is a wall designed to push prices down thouh
Bugpowder: there is no such thing as a fake wall
MJR_: half a mill before 80
MJR_: still quite a nice wall going on mt gox
Bugpowder: mircea_popescu: the mpoe bot seems to not have offers up much more of the time now than a few weeks ago. Is this DDOS related, funding related, other?
ThickAsThieves: thats a lot
Chaang-Noi: iv not used it in a year so things might have changed, i dont know
deadweasel: Chaang-Noi: I was exceedingly surprised by the fork not causing a lengthy crash
Chaang-Noi: also dont you need a min of 1000 to ahve to get your account aproved?
Chaang-Noi: about the bad news and the crash, im shocked the fork did not do any damage but stall the bulls for a few days, insane... we would need massive bad news to do anything
deadweasel: where does a 17 yr old get $1k a week?
mircea_popescu: or else he has a wicked shot
deadweasel: i would say $500 is reasonable for motivated newbs. but it would be a bell curve of deposits
mircea_popescu: i think 100 bux is a saner avg
Bugpowder: it will probably take a negative news event to trigger a real crash.
Bugpowder: assume conservatively a mean investment of $2000 per account
KRS1: maybe crash is a strong word...dip?
KRS1: there was talk of a crash a while back but that topic seemed to have fizzled
gribble: Error: "hashrate" is not a valid command.
mircea_popescu: it looks at a lot of data. long term, mid term, short term
Bugpowder: I mean, volatility is in the model, and is a reflection of some relatively short term variance, rather than a long term (1yr) variance or a magic number.
mircea_popescu: as there's been a lot lately
Bugpowder: I wonder if mircea_popescu changed the pricing from 24vwap based to a blend of 24hr and spot
ThickAsThieves: can you put a link to https://bitcointalk.org/index.php?topic=99497.0 in your asicminer PT descriptions?
DeaDTerra: 24 hours left to bid on a pre order for Avalon ASIC Batch 2! https://bitcointalk.org/index.php?topic=158227.msg1679211#msg1679211
MJR_: yeah 300k is not really a big wall nowadays
ThickAsThieves: not a source
ThickAsThieves: bitfunder is a passthru for AM
ThickAsThieves: it was a bonus
Namworld: A little 1000 options
Namworld: At a premium on the call side... average increased
ThickAsThieves: he's got a buffer wall
Chaang-Noi: its a big ass wall
assbot: I haven't understood a single word you've said since I met you, not one single word.
Chaang-Noi: a bit of a wall then
MJR_: but not that high of a wall really
MJR_: seems like a good range
kakobrekla: was a while ago
Chaang-Noi: i wanted to see a new ath :/
MJR_: and again, i think we may hit an ath today, i just think we will dip a couple of bucks first
Namworld: on such a small scale, that's insignificant
MJR_: i'm thinking that if i can short it here...hopefully there is a sell off and i can buy back in for more
mircea_popescu: after sustained rise there's some flagging and that causes a panic
mircea_popescu: market a little exhausted
MJR_: i mean in general it is usually a monster buy side with thing supply
MJR_: hmmm, i think we may see a dip
Namworld: [05:19] <tiberiusiv> namworld: always be weary of someone who has a vested interest in selling you something
Chaang-Noi: i have not "worked" in over a year and even that "work" was "teaching" at a university
Chaang-Noi: i dont have a sweatshop, only because i have more profitable things to do with my limited time
Chaang-Noi: well im off to do some real work, you should really do the same, point out how sucessful mp is is not really a good use of your time.
Chaang-Noi: but you cant call mp a scammer if you dont know :/
Namworld: tiberius: $10k traded on a good day? That's WAY under...
Chaang-Noi: i think the claim of 50 million to be a bit high myself
Namworld: But as long as in fiat it increases instead, it's not a complete loss.
Namworld: When I make a BTC investment, I can find out holding BTC might have been better.
Namworld: Well it tend to flow a certain way...