968400+ entries in 0.696s
mjr__: bitfloor is supposed
to have like same day
transfer from online banking
mjr__: for
the
transfer
to go
through
mjr__: coinbase
takes 4 days i
think
mircea_popescu: yurpeans get same day service with
the frenchie folks.
mjr__: i can't deal with
the huge wait
times
mjr__: i will
try bitcoin local first, or maybe reach out
to some friends in nyc
mjr__: had horrible experience buying
through coinbase, i just got
the 1 btc i ordered on feb 2nd
today
mjr__: what do you
think of camp bx?
mjr__: frustrating
to not be able
to get cash in
there already
mjr__: and also, psychologically, i will now be happy if
they shoot up
to $30
mjr__: once i have a large position, i may
think about buying puts
mjr__: either way, i just want
to be able
to watch
the price climb without being mad
that i can't get in
till friday
mircea_popescu: so yes, if you do fiat accoubnting your breakeven is much lower
than if you do btc accounting
mjr__: that is why it is a little higher
than
that number
mircea_popescu: in dollars you paid 0.33832578 * whatever price was
then
mjr__: what i paid is (0.33832578*23.56) +
the strike of 17 = 24.97095538
mjr__: so...just
to see if i understand
this right...
jurov: i'm rather on lookout for people who can get
things done and can develop/manage non-core areas such as charts
jurov: anyway, looks like i'm going
to be fully self-sufficient capital-wise, no need for seeding
mjr__: ah, you use
the current
trading price instead of
the 24 hour cross-exchange average?
mircea_popescu: mjr_ eyah, save
that formula somewhere. strike - (1 / what you paid) = break even point
mjr__: which is more
than i can say for coinbase
mjr__: by
the way, Jurov, coinbr has worked awesome, i have not had one problem so far
mjr__: from what i've calculated going off
the 24 hour volume-weighted cross-exchange ratio,
that i am in
the money above 24.97095538, is
that
true?
mjr__: so, i got
the call with $17 strike expiring
this month
jurov: i advise against it, based on
their not exactly stellar performance with managing bitvps asset
mircea_popescu: if indeed
their own system is ever deployed, and if indeed it actually works as expected, you probably have something
mircea_popescu: BitHub
the ownership of asicminer shares is a little iffy, because
there's no exchange/clearinghouse atm
jurov: i'm selling
them, nuff said
jurov: well, buy
them only if you believe in asics
jurov: so after -E expires, i'll create new one for april with
the same name
BitHub: so its like a bet? if you don't make
that date you get nothing?
BitHub: sorry
that was directed at mircea
jurov: the contract says i promise
to pay you according
to diffculty on a set date
jurov: it's more a contract,
than something you own.
BitHub: i purchased some, got no idea if i own
them or not
tho
BitHub: where can i check
the difficulty rating in real
time?
jurov: also shorting is posible if you expect difficulty
to stagnate/go down
jurov: so if it goes up
to 4 million, you'll get 0.04 BTC/share
jurov: 1. you buy
them on whatever price
they're offered
BitHub: can you explain what
they are a bit more?
jurov: i mostly issue
them :)
Namworld: You know,
the
thread
title might have been changed by a moderator... I could easily see
that happening
gribble: BTCUSD
ticker | Best bid: 23.91002, Best ask: 23.99997, Bid-ask spread: 0.08995, Last
trade: 23.99998, 24 hour volume: 56718.38842089, 24 hour low: 22.67000, 24 hour high: 24.11000, 24 hour vwap: 23.42452
Bowjob: I offered him
the opportunity
to short
the coins, but declined.
Bowjob: no business plans provided. it's
the same dude who asked for 1200 BTC loan,
then 350-400 BTC,
then 1000 BTC.. oh and it's
the same guy who called in 23.99 as
the
top for 2013
jurov: error4733, but you imitated
that style nicely
Bowjob: I'm not sure if
trolling, or serious or stupid or both
jurov: and wamnted
to use something mainstream so
that any monkey can
take it over
Bowjob: someone's asking for a 1000 BTC 'loan' with
the
title "Impossible
to pay you back"
jurov: i just paid puny 1.55 btc for wordpress
templates for quite sizable website
mircea_popescu: probably best investment in history of btc, esp for
the people who got
the shares at 2k satoshi
jurov: but i
think mpex ipo participation got me back into game :DDD
mircea_popescu: i happen
to not care
that going from 16
to 24
took 16 months
Bugpower: wanted
to buy at $7 on
the first bubble
mircea_popescu: i
think bitcoin pretty much is divided among
they who loaded up under 4 and
they who did not.
Bugpower: I was lucky I didn't buy in
the first bubble
Bugpower: when it hit $2 I knew it was
time
to buy
Bowjob: I got some at 13.29,
then it's all gravy
train all
the way
to 24
Bowjob: I
thought it was done for.
then months later, I saw it at 10 dollars,
then 11,
then 12
Bowjob: we all know what happened
there, good
thing he didnt ask me
the following days after
Bowjob: I
told my boss about bitcoin when
they reached 31 USD
Bowjob: a call is like a guarantee
to buy bitcoins at a specific price, you just gotta pay a premium for
that guarantee right?
Bugpower: so ponzi power is not where I would like it
to be.
Bugpower: and i was STUPID
to get partially flushed out on a brief dump on Monday?
Bugpower: and I was REALLY lucky
to buy calls when it was at 17
today
Bowjob: and
that could backfire miserably, right?
Bugpower: then reverse postion at
the
top
Bugpower: I was lucky
to buy a shitload of calls before last opex