log☇︎
919300+ entries in 0.72s
mircea_popescu: kakobrekla this chanel is so quiet now. you broke it.
KRS1: are these cats in bitcoin analysis bullshitting about going way down
copumpkin: oh shit, not the 1%
taub: yes, hello this is dog
kakobrekla: what is this dog?
taub: nm tiberius already answerd it
taub: lag mabye helped it a long a bit... but I doubt it was the main cause
taub: had to come down fast
taub: price went up to fast
taub: that's a bs theory
taub: thestringpuller> the 1% induced a panic sell
thestringpuller: okay Namworld hush then
Namworld: Can zip their mouth then
Namworld: Okay, from now on, anyone who is not registered with a BTC address on OTC and signed in, with 1000 BTC on their OTC address
Namworld: [19:11] <tiberiusiv> i thought we agreed those that dont have 1000 btc arent allowed to form an opinion
thestringpuller: is your God better than my God too?
thestringpuller: why is your opinion any more real than mine?
thestringpuller: so there yo go
thestringpuller: after a well timed media blitz to up the price
thestringpuller: but someone started that exit a 1%
thestringpuller: yea at the end
thestringpuller: no that wasnt my explanation
gribble: Error: Problem retrieving gox lag. Try again later.
thestringpuller: i bought a coin for 5 usd in march of 2012 and it stayrd that value for a long time
thestringpuller: right now I think some entity is manipulating the market to induce volatility
thestringpuller: at 5.0 the price had very kittle volatility
b0n1: who do they show the ask sum in kBTC in the lower chart?
thestringpuller: due to market depth restrictions
thestringpuller: tiberiusiv: thats only if they are consumer buyers
b0n1: thestringpuller, shouldnt be that hard to code actually
b0n1: but maybe its just a small subset of people pushing themself
thestringpuller: a bot that aggregates all crowd mania
b0n1: what is actually a good place to measure crows psychology? i mean here in irc are good discussioin channels but the number of people are not significant
thestringpuller: did you make a bunch off the volatility recently?
thestringpuller: ;;seen tiberiusiv
KRS1: what they tell me at a quick glance is the price will move up until around 121-124 then fall to somewhere around 110-115 somewhere..pretty much same shiz...but thats my amateur ass analysis that might be backwards.
b0n1: yes but that was not shown on the analyzed graph
KRS1: wouldnt the order books spell it out for you a bit
b0n1: tiberiusiv, your reasoning is quite clear and logic, but you need to assume that the volume high is due to selling
Bugpowder: this is why they nearly always get eaten when touched, IMHO
gribble: There are currently 110435.22 bitcoins offered at or under 1000.0 USD, worth 24493864.3627 USD in total. | Data vintage: 49.4595 seconds
gribble: There are currently 53948668 bitcoins demanded at or over 0.0 USD, worth 21112059.6406 USD in total. | Data vintage: 33.4907 seconds
gribble: There are currently 63045.937 bitcoins offered at or under 200.0 USD, worth 9666032.41737 USD in total. | Data vintage: 6.9040 seconds
gribble: There are currently 27908.304 bitcoins demanded at or over 100.0 USD, worth 2991057.83822 USD in total. | Data vintage: 0.0074 seconds
Bugpowder: me too
b0n1: tiberiusiv, how do you conclude that there was a complete selling exhaustion ?
Bugpowder: I've been in and out all the way up
jborkl: I think we will see 175 again, thinking about it- lot of peoople will say whew, I got out
Bugpowder: I sold in the middle of the night when I got up to pee
gribble: There are currently 189638.01 bitcoins demanded at or over 50.0 USD, worth 14489944.2926 USD in total. | Data vintage: 0.0076 seconds
error4733: is but 5 major actor in a 2 week time frame ?
error4733: bugpowder, they try! how many bitcoin service are in trouble right now ? Instawallet/bictoin central/bitflor/BTC-24/ massive ddos on MtGox
jborkl: I got back in at 75, so I missed the bottom
jborkl: and terrible sell
jborkl: hard to tell what people are going to do, the fear has subsided for now
Bugpowder: Also I think I saw the big wall at 70 move to 95
Bugpowder: just can't dump the stack
Bugpowder: ALthough I am in the green at spot prices
Bugpowder: this is definitely a time where I am very hesitant to sell for a loss, because it seems likely that gains will be available if I just wait long enough
jborkl: yeah, we already based this time and had a high volume day. So I think it is done for now - I guess 80 - 140 is possible but I can tell which one
Bugpowder: I forgot about that part in my previous analysis
Bugpowder: need a major hack to kill confidence
jborkl: naw, I think the risk of that is gone
Bugpowder: I am getting doubtful that we will see 30 though
Bugpowder: I don't know which way its going, asks have come up some, bids steady. Still a huge line for gox. perhaps a brief moment of relative stability this weekend?
thestringpuller: during the volatile cycles
jborkl: bugpowder, what is you thoughts - kinda topping it seems. hard to tell
thestringpuller: with that mad volatility
thestringpuller: i could have made at least a grand on the crash though
thestringpuller: i have a business to rub irl
thestringpuller: he is too busy playing kerbal space program
thestringpuller: mkopt those
Bugpowder: smickles needs to be available.
thestringpuller: all started with those calls :(
thestringpuller: smickles kinda fucked me during thr crash
Bugpowder: unfortunately I sold too...
Bugpowder: Just wanted to preserve capital on the crash
Bugpowder: S.DICE looks like a good buy right now though
Bugpowder: and have been trading it
thestringpuller: you had 30% i thougjt
Bugpowder: Now I have a little too much exposure for comfort, and can't exit cleanly
thestringpuller: i wish I had put up bids the night before when I went to sleep
Bugpowder: wish I had put up some asks before I went to bed
gribble: tiberiusiv was last seen in #bitcoin-assets 2 hours, 40 minutes, and 19 seconds ago: <tiberiusiv> namworld the rule in here was unless you had minimum 1000 BTC you werent allowed to speak when the smart people were talking
thestringpuller: ;;seen tiberiusiv
gribble: (estimate takes no arguments) -- Shows next difficulty estimate.
sharktopuz: rather then buying avalon / BFL ?
sharktopuz: is there any good info on building a custom rig ?
Diablo-D3: future hashpower is just too uncertain
Diablo-D3: I decided not to bid.
ll: theres another auction next week too afaik
jborkl: we know it will not be static though
jborkl: yes, Static network rate = 4 = 120 th = 8 months
Diablo-D3: yeah, Im doing 12 months on the very outside
Diablo-D3: given those two included, I'll make about 2BTC per GH before august 1st.
Diablo-D3: the 200TH belongs to asicminer
Diablo-D3: you have to use a predicted profit graph
Diablo-D3: jborkl: yeah thats useless
jborkl: months to pay back, at current network rate
Diablo-D3: they'd take about a year to pay off