log☇︎
951700+ entries in 0.738s
pizzaman1337: quick, take a screenshot!
gribble: BTCUSD ticker | Best bid: 39.00000, Best ask: 40.00000, Bid-ask spread: 1.00000, Last trade: 40.00000, 24 hour volume: 99762.92721491, 24 hour low: 38.01051, 24 hour high: 48.46900, 24 hour vwap: 45.12452
gesell: Bowjob: im not paniking. just aknowledging that the market is filled with a significant number of people investing more short term that will panik
Bowjob: Everyone quit panicking, its just a few blocks. Tomorrow, we shall see $50
pizzaman1337: kakobrekla: I'm not really relevant, but most of the time I'm over there
Bowjob: ;;eightball Is this the end for bitcoin?
gesell: ive watched it happen. a lul for a few hours then around 10am de time (8 9 whatever UK) a lot of activity
wiggzz: right, but in BTC the required collateral was only strike / spot
kakobrekla: is there some one else relevant?
gesell: the thing with the bitcoin market is the reaction extends over a long period. so what you see happening now will continue in a similar manner with the EU wakes up
Chaang-Noi: okay, ill go pay insurance for my truck.. and ship off some wild honey... i need to get afk anyway:)
gesell: 35, really? what, end of the month or just tomorrow or something?
gesell: im a bit worried selling on bitcoin.de though because if the buyer doesnt care to loose a bit of reputation they could just backout
gribble: BTCUSD ticker | Best bid: 40.01000, Best ask: 40.50000, Bid-ask spread: 0.49000, Last trade: 40.01000, 24 hour volume: 92084.38009144, 24 hour low: 40.01000, 24 hour high: 48.46900, 24 hour vwap: 45.64045
mircea_popescu: you can't make more than 50 bucks on a 50 struck put
Chaang-Noi: yeah id like to know the leanth of the chains
the-bucket-shop: gesell what time is it in de 4 am?
pizzaman1337: Chaang-Noi: as soon as the 0.7 chain is longer, I think. Not sure how far behind it is.
Chaang-Noi: btw eta on this being fixed?
Chaang-Noi: even if we go to $25 we will bounce right back up if this shit gets sorted quickly
gesell: something that really disturbs me right now is the number of way overpriced buy bids still sitting on bitcoin.de (a p2p exchange with pretty high volume)
Chaang-Noi: fiat in the gox will beat the 6 confirm sell off
wiggzz: but, on a put required capital is not as great as they can fall
Chaang-Noi: im pretty sure i know how this drama will play out
Chaang-Noi: after 6 trasactions could be a sell off yes... but people seeing it is fixed will be like, cheap coinz!!!!!!!
mircea_popescu: yes, the only way to write them is by depositing capital
pizzaman1337: Chaang-Noi: but when they open it up, there could be a selloff
wiggzz: are they hedged?
wiggzz: so what're the running odds that puts on mpex actually pay out if btc crashes very low?
Chaang-Noi: gox cant fall to far..people cant send gox coins to sell :)
gribble: BTCUSD ticker | Best bid: 40.37260, Best ask: 40.50000, Bid-ask spread: 0.12740, Last trade: 40.50000, 24 hour volume: 91802.34794623, 24 hour low: 40.01110, 24 hour high: 48.46900, 24 hour vwap: 45.65939
gribble: BTCUSD ticker | Best bid: 40.60269, Best ask: 41.20000, Bid-ask spread: 0.59731, Last trade: 41.20000, 24 hour volume: 91789.11504056, 24 hour low: 40.01110, 24 hour high: 48.46900, 24 hour vwap: 45.66073
Chaang-Noi: odd 12 ours oga this chan was dead as dead, wake up to panic, ahhh btc :)
dub: the little trading engine that could
dub: gox is trying to trade as always
gribble: BTCUSD ticker | Best bid: 41.21110, Best ask: 41.40000, Bid-ask spread: 0.18890, Last trade: 41.40000, 24 hour volume: 86823.51454120, 24 hour low: 41.20000, 24 hour high: 48.46900, 24 hour vwap: 45.94411
smickles: best thing to do now is buy beer with bitcoin
davout: dub: not necessarily if it was taken care of quickly
smickles: mircea_popescu: i also have those p310t's i bought a while back
dub: crash comes when the media wakes up
davout: is mtgox even still trading ?
gesell: by all intents and purposes this is most definitely a crash
smickles: wasn't it over 1500 goxlag the other day
smickles: mircea_popescu: i bought them, if the bc,24hprc moves to the current spot, they break even
gesell: davout: totally
the-bucket-shop: I think s.dice and bitvps would benefit. except that s.dice money faucet is turned off.
smickles: mircea_popescu: no, this was clearly the time to <@assbot> [MPEX] [O.BTCUSD.P750T] 10 @ 0.79079695 = 7.908 BTC [-]
mircea_popescu: smickles this is the time to buy eskimoblobs thing!
smickles: ThickAsThieves: if a significat amount of investors view their assets in terms of usd, then mebbe
mircea_popescu: no, only the dubiously metrosexual are on -dev
gesell: davout: to take advantage of fallouts?
mircea_popescu: davout urmom was on the rag.
davout: all the cool kids are on bitcoin-dev
mircea_popescu: we have very little mkt history to go by
mircea_popescu: ThickAsThieves possibly. hard to gauge
ThickAsThieves: so in a situation like this, where the usd/btc may fall on confidence, am i safer being mostly invested in assets?
smickles: i see that as a goos ~8 btc spent
mircea_popescu: ya let's keep that part a little quieter shall we.
dub: man, if those ddos kids were on to it
dub: No cause we're too cool for testnet and elbow grease, gotta spend 16 hours a day on -dev talking about what we think of Satoshi Dice and how many whales fatass Gmaxwell could swallow whole.
mircea_popescu: paying her in btc was the best move ever.
mircea_popescu: oh i see the girl is adequately incensed
gribble: BTCUSD ticker | Best bid: 42.00000, Best ask: 42.99000, Bid-ask spread: 0.99000, Last trade: 42.99000, 24 hour volume: 82087.73745767, 24 hour low: 42.00000, 24 hour high: 48.46900, 24 hour vwap: 46.19856
mircea_popescu: "what the average metro payment terminal in tokyo processes"
gesell: hmm, any predictions on bit bets effected by this
dub: gesell: it translates to 'gox is incapable of handling moderate load'
mod6: only options today were 192 CALL @ 47
gesell: does delay translate to some meaningful guage of load on gox?
Bowjob: we need to summon satoshi
kakobrekla: but its impossible to trade
the-bucket-shop: I'm trying to catch up
assbot: You cannot stop the clouds by the building of a ship.
gribble: BTCUSD ticker | Best bid: 43.20000, Best ask: 43.20758, Bid-ask spread: 0.00758, Last trade: 43.20000, 24 hour volume: 81127.52521536, 24 hour low: 42.00000, 24 hour high: 48.46900, 24 hour vwap: 46.26895
smickles: a direct transfer from me to them would be a lot faster
smickles: gesell: because of the current situation, people who are on .8 and want .7 need to redownload the chain
gesell: just selling the dat files? huh
gesell: the-bucket-shop: the long term is great. but the bible says to be a good steward with your money so im just wondering if im being a total idiot just holding at this point
the-bucket-shop: still 25 coins every 10 minutes as far as I know. long term should be good gesell
gesell: so its a selfish question now but ive always invested long term. and now im wondering if its time to pull and wait
pizzaman1337: well, I can't wait to get myself some cheap coins if it drops
dub: I think $10 might be a bit bullish
dub: gesell: there will, and wait till it hits the press
mircea_popescu: withdrawals are fine, but prolly people aren't doing it just to be safe.
gesell: im trying to guage if there will be a queu of sells waiting to flood through exchanges once things get back to speed
mircea_popescu: gesell nobody is crediting incoming txs atm
Chaang-Noi: ltc now at all time high to btc, and well over its old all time high to fiat
vampireb: miners need to switch to 0.7?
gesell: dub: perhaps i got the wrong term. if miners and merchants are told to wait, why not exchanges?
dub: they dont process tx
vampireb: you can trade with existing funds
smickles: gsi don't think they are processing deposits/withdrawals
vampireb: they dont process tx now?
gesell: so, just trying to understand this. how is mtgox processing tx's now. this effects minders and merchants, not exchanges?
vampireb: ah good that i sold at 47. need to figure when to rebuy
gribble: BTCUSD ticker | Best bid: 43.50000, Best ask: 44.00000, Bid-ask spread: 0.50000, Last trade: 43.10000, 24 hour volume: 75255.63737110, 24 hour low: 43.10000, 24 hour high: 48.46900, 24 hour vwap: 46.55735
mircea_popescu: (course i have the advantaghe that my system is designed so such things don't affect me)
benkay: i'm out. this shit's boring.
gesell: mircea_popescu: even if it is, it will take time for everyone to get on the proper chain, no... since apparently some versions will have to upgrade
mircea_popescu: im not processing incoming on mpex till its resolved for instance.
mircea_popescu: just stall them