325000+ entries in 2.325s
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: yeah its
a famous high imaged to have been
a bubble
knotwork: seems likely at $32 people will worry that higher might be "just
a bubble", and of course some folk will be already thinking it *is*
a bubble, so likely should slow the climb around there
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.
ThickerThanThiev: I think there are more and more people putting
a portion of the their weekly paycheck into BTC
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
JWU42: no real equity appreciation in
a dozen years
JWU42: and that is
a growing % of people in the US
knotwork: cashing out at anything less than $100 is more
a daytrader thing or
a desperately need the cash thing really
jurov: lol this is insane... just few hours ago i cashed out
a bit at 24.21
knotwork: and maybe borrow some other coin that seems overpriced or at least not at
a crazy low
knotwork: that worked great with devcoins for
a while but now devcoins are so crazy cheap its looking dangerous that they might go back up before you pay back the loan
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
mjr_: with
a far out enough expiration date
mjr_: that is
a perfect example of not being able to find tops or bottoms
mjr_: missing
a little profit
mjr_: if i could pick bottoms and tops, i would be
a billionaire
knotwork: so buyer just needs to manipulate the oracle into reportying
a momentary low and exercise
knotwork: whereas owning the coins you dont care if they go down if you "know" its just
a matter of time before they go back up, aks that the momentary down is just momentary
mircea_popescu: he paid the extra whatever , 50 cents,
a dollar, to insure his 17 capital out of the 24 against the possibility of loss
mjr_: you can even do it as
a constantly changing variable
mjr_: but even so...this is
a matter of precision...
mircea_popescu: you end up with an account plan doing
a. btc buying slippage gain/loss ; b. overtime btc gain/loss ; c. option entry/exit gain/loss
mjr_: because that is how you show ridiculous gains against
a failing dollar
mjr_: no...you are paying $17 (i bought the right to buy
a bitcoin for $17) and I paid $8 for that right
leotreasure: i'm going to speak with the head lawyer in Sydney in
a few weeks
mjr_: the 17 strike option was
a good deal i think
knotwork: maybe if one could find someone willing to buy
a put at current price you could make money going up due to they wont exercise it
mjr_: coinbase is too fast...but especially overnight, if you go on camp bx or bitfloor...people leave their limit orders up and you can get
a bunch under $25
knotwork: so options are useful to insure against it going down but not
a means to increase the profit one is making from it going up?
mircea_popescu: however people feel is irrelevant. we don't know for
a fact nor is there any clear mathematical proof that btc only goes up.
knotwork: thats insane. Royal gave me
a free debit caard that masquerades on the net as
a credit card
Bowjob: lol im not really
a canuck. i didnt participate in the riots
Bowjob: td is charging 15 dollars per month for
a debit
Bowjob: Ah. I'm with
a credit union
Ukto: but you would need
a bank account at rbc, scotia, td or BoM
Ukto: actually, he just needs
a canuk to deposit cad into weex so he can hold weex cad
Bowjob: but. parents are paying so im getting
a free ride.
Bowjob: mortgage is insane, 2k
a month
Bowjob: actually we started as basement dwellers.. until we switched to
a house
Bowjob: since no one can pony up
a million bucks
Bowjob: here, condos are relatively cheap. detached houses are
a million bucks each
Bowjob: maybe its
a vancouver thing
Bowjob: buying
a 1 bedroom condo in dt vancouver, 5 BTC pm me
mircea_popescu: hey kakobreklaa, would it be possible for assbot to have
a !last x y which'd replay the last trade of y on x ?
mircea_popescu: i'd much rather just walk in
a town than on
a pasture.
mircea_popescu:
a, and the various craps du jour. helping fags, women, niggers etc.
BitHub: around 50
a gram or something
BitHub: yes 31 grams in
a troy ounce
Namworld:
A new tool to have an eye on price 24/7 for trading options
gribble: The bot responds when you start
a line with the ! character.
A good starting point for exploring the bot is the !facts command. You can also visit the bot's website for
a list of help topics and documentation:
http://gribble.sourceforge.net/ pigeons: excel is
a program to read microsoft's proprietary binary version of csv files
mircea_popescu: incidentally, "Wall Street doesn't have
a great recent history with outside reviews either. JPMorgan and other banks recently shut down external reviews of their foreclosure practices"
mircea_popescu: “After subtracting the old rate from the new rate, the spreadsheet divided by their sum instead of their average, as the modeler had intended. This error likely had the effect of muting volatility by
a factor of two and of lowering the VaR . . .”
jurov: after
a while i gave up and did it for him in perl
mircea_popescu: inb4 it turns out the tesla logging stuff had
a bug in it
midnightmagic: truffles: I get the feeling people looking in think it's
a cult because the idea is strong enough to change minds. I also think people think all the psychopaths sniffing around the edges trying to fleece victims aren't doing us any favours, nor idiotic sites like silk road.
truffles: midnightmagic, dont u get the feeling bitcoiners are in
a cult
truffles: i havent found
a really reliable proxy server for free so meh
truffles: i think im here approaching
a week now
Lyspooner: it seems like the options expiring next month have
a low open interest. go spend some btc on marketing
jcpham: can i get
a reach around?
truffles: gee cant i get to complain
a lil
Bugpowder: then he (or his friends) murdered someone outside the club after
a SuperBowl in 2000