log☇︎
922600+ entries in 0.7s
b0n1: hey there! Is there a homepage that shows charts of different btc markets compared?
KRS1: how in the hell can u trade during those lag times? i cant
Bugpowder: Made a ton day trading these bounces though.
Bugpowder: I don't want to go into it any more
Bugpowder: once full capitulation takes place
Bugpowder: I just think we haven't seen the return to a realistic valuation yet, and after a bubble pops, you will usually end up with an undershoot of value
KRS1: hmmm it seems to be that time again
ThickAsThieves: i just dont think the lull will be typical
Bugpowder: it totally
ThickAsThieves: i do agree with Bug that the air will be let out for real soon
KRS1: oh heh lol yep..not the kind u smoke
Bugpowder: linear ramp from Jan 15th, no pullbacks at all, then a sharper angle after cyprus, mar 15th
KRS1: bubbles pop into oblivion, this one is sticking around like the air after a good bowl movement
Bugpowder: Look at the Log scale
Bugpowder: it was a steady ramp from there
error4733: the only bubble start on april 100 to 262 in just 10 days
unbalanced_: I'm sure you've all seen this chart umpteen times but this one has a nice blue circle at the relevant point http://jamesgoodeonthemoney.blogspot.ca/2010/10/uk-property-prices-post-record-drop-as.html (the chart applies to all asset bubbles, not just real estate or BTC)
Bugpowder: and ride the next hype cycle
Bugpowder: and then I will move in strongly
Bugpowder: to the level that actual economic activity supports ($30)
Bugpowder: I think we hover for a while
ThickAsThieves: not without bad enough news that youll change your mind
ThickAsThieves: i dont think youll see 30
Bugpowder: Still keeping a ton of money in coins
Bugpowder: I'm going to look at reentry at 30.
ThickAsThieves: we have more businesses, easier ways to use coins, way more mining foundation
ThickAsThieves: as wella s other things
ThickAsThieves: demand is totally different now
unbalanced_: These oscillations are like clockwork. I guess we have bots to thank for that?
Bugpowder: didn't get the bottom but got the top
Bugpowder: Made some very very good trades yesterady
ThickAsThieves: i'm about as out as i can be anyway, unless i crash the stocks market for some assets...
Bugpowder: And the volatility in the price actually makes it more profitable just to trade the swings
unbalanced_: And it's too expensive to buy options to mitigate that risk
Bugpowder: But I think the risk level is off the charts right now
unbalanced_: I agree that "it's different this time" as far as hype levels go, but bubble after bubble, asset class after asset class, the same sort of curves play out on the charts.
Bugpowder: comparing two charts
Bugpowder: Clearly it is the most simplistic of analyses
Bugpowder: The valuation is 10x now than then
Bugpowder: ThickAsThieves: It had hype back then
ThickAsThieves: back then it didnt
unbalanced_: Where do you think the bull trap will top out?
ThickAsThieves: conditions are not the same at all
ThickAsThieves: Bug I don't know if that's fair
gribble: mircea_popescu was last seen in #bitcoin-assets 7 hours, 5 minutes, and 1 second ago: <mircea_popescu> he delivered a link to mtgox_db.exe, which obviously.
gribble: BTCUSD ticker | Best bid: 114.40000, Best ask: 114.50000, Bid-ask spread: 0.10000, Last trade: 114.40000, 24 hour volume: 327494.64898141, 24 hour low: 72.00000, 24 hour high: 130.00000, 24 hour vwap: 104.27416
gribble: Error: Failure to retrieve ticker. Try again later.
gribble: A market order to sell 5000 bitcoins right now would net 554724.9412 USD and would take the last price down to 108.0000 USD, resulting in an average price of 110.9450 USD/BTC. | Data vintage: 9.1154 seconds
gribble: A market order to sell 2500 bitcoins right now would net 281341.5471 USD and would take the last price down to 111.0000 USD, resulting in an average price of 112.5366 USD/BTC. | Data vintage: 0.0001 seconds
gribble: BTCUSD ticker | Best bid: 113.62900, Best ask: 113.90000, Bid-ask spread: 0.27100, Last trade: 114.00000, 24 hour volume: 328435.43002459, 24 hour low: 72.00000, 24 hour high: 130.00000, 24 hour vwap: 103.76695
gribble: There are currently 113551.78 bitcoins offered at or under 999999999.0 USD, worth 3912556192.17 USD in total. | Data vintage: 0.0053 seconds
gribble: There are currently 86097.171 bitcoins offered at or under 260.0 USD, worth 15264939.1644 USD in total. | Data vintage: 1762.8584 seconds
KRS1: want to throw an alka-seltzer in this btch
ThickAsThieves: trading is awfully slow today
taub: it essentially shuts down trading as nobody wants to go in blind
taub: still supsect mtgox is trying to manipulate prices
thestringpuller: Has anyone spoked with smickles in the past 7 days?
lippoper: that's about to take off on the 22nd
lippoper: hey ThickAsThieves, yeah BFL is a scam, but seriously, they're too busy 'shipping' to update with news
ThickAsThieves: BFL is such a scam at this point
ThickAsThieves: i dont think those formats would work for mining, but thats out of my area
lippoper: or even a eSATA or Thunderbolt card
gesell: traub checking it out thanks
kakobrekla: dunno, maybe its worth 100$ if i had it today
taub: but everything websocket is really unstable right now so that's a bummer
taub: gesell: try goxtool, http://prof7bit.github.com/goxtool/
ThickAsThieves: every get one to support the network
gesell: anyone here use the socket.io inteface for gox in their own scripts? if so what lib do you use. i find the python stuff doesnt support the https://, only wss: and then horribly at that, and nodejs seems to be a bit buggy. anyone have some experiance
ThickAsThieves: i see it as the conumer's miner
lippoper: that today my friend is 5-6 7970's
kakobrekla: 5 chinese do that manually
kakobrekla: ya but 3gh whats that today
lippoper: a toy, but if you had 10 of these, is that 3MH/s
TomServo: yah, a toy for sure
lippoper: i'd love a usb hub with every port filled with one of these
kakobrekla: but its a toy
TomServo: pretty dang cool, I think.
lippoper: $239 for public, if there are any left
TomServo: Yeah, have they said anything about a price?
lippoper: Have you guys seen the new USB ASICMiner ? lol
gribble: BTCUSD ticker | Best bid: 114.92151, Best ask: 115.11900, Bid-ask spread: 0.19749, Last trade: 115.12000, 24 hour volume: 352548.16039366, 24 hour low: 67.34453, 24 hour high: 130.00000, 24 hour vwap: 100.83932
gribble: There are currently 86341.908 bitcoins offered at or under 260.0 USD, worth 15296908.2659 USD in total. | Data vintage: 7.1920 seconds
gribble: There are currently 44149877 bitcoins demanded at or over 0.0 USD, worth 14732373.3823 USD in total. | Data vintage: 0.0101 seconds
gribble: smickles was last seen in #bitcoin-assets 1 week, 1 day, 22 hours, 49 minutes, and 53 seconds ago: <smickles> a bitcoin atm could be the easiest way to send money to a friend, each of you just goes to an atm
gesell: anyway, i plan to be sure im holding btc by weekend.
gesell: not to absolute pattern but pretty close
gesell: when the market goes down, it does the reverse
gesell: as the market is swinging up the bot will slowly increase the volume on the bottom and reduce it on the top
gesell: here are two example whale bids: price:110 amount:999.92869578 edge:113..112.51 price:124.9999 amount:1200.001
gesell: oh yeah, clearly. just find it interesting to follow it as it oscillates on its own (likely buy and selling to itself at different weights depending if it is in the upswing state of its movement or downswing)
ThickAsThieves: they dont need a big spread, but they will thank you for it
ThickAsThieves: bots will support any price that aggressive orders wanna create
gesell: there are some clear bots trading if you follow all +800btc buy and ask trades on the edge. the bot is shifting them around in predictable manner and actually the reason for the little hump/lull/hump/lull pattern
ThickAsThieves: but then the charts shifted
taub: from 110 to 120, was shooting for more but exited when momentum didnt come
taub: same ThickAsThieves :D made a mini trade
c1n0: nice tat, thanks
gesell: the realtive upswing from the weekend might give them calm, unless there are some huge dumps. also at the curent price the whales that were able to obtain possitions in the market did so much higher and are not going to sell before we hit $180 again
ThickAsThieves: i sold 100 coins at 115-119 today :)
taub: especially those who sold at 50 and bought back at 100