Other crypto currencies and playing the market

[Son-of-Liberty]

What do you guys think of Terracoin and PPcoin?

What is the best way to make money in crypto currencies in an oscillating market?

Any profitable trading strategies?

I am still mining Litecoins but have noticed that there seems to be an opportunity to arbitrage between exchanges. Sometimes the price can difference can be significant.

[madfranks]

What do you guys think of Terracoin and PPcoin?

What is the best way to make money in crypto currencies in an oscillating market?

Any profitable trading strategies?

I am still mining Litecoins but have noticed that there seems to be an opportunity to arbitrage between exchanges. Sometimes the price can difference can be significant.

None of them sound good to me, but a few years ago neither did bitcoin, they were all essentially worthless. The market surprises us though, in what people freely decide to use for media of exchange. If I had been able to foresee how the world took to bitcoin, I'd be rich right now.

[Son-of-Liberty]

That is pretty much how I see it. That people would value something that isn't even tangible so highly is insane to me but there are lots of things that are insane these days.

When you think about it people trusting the USD (mostly digital) backed by nothing as it is being inflated away is insane but it seems the whole world is still on the bandwagon.

So if people are going to be insane how can we profit off of the insanity?

A $100 investment in bitcoin at $0.02 a few years ago is still $500,000 today after the massive correction we just had.

[Horn]

I think I'm waiting for the program that allows you to counterfeit them.

[Jewboo]

What is the best way to make money in crypto currencies in an oscillating market?

Any profitable trading strategies?



Golly. Please rephrase this naked greed into patriotic verbiage that at least pretends to promote Bitcoins as some sort of "Freedom" weapon in defense of our Constitution!

http://us.cdn4.123rf.com/168nwm/yayayoy/yayayoy1004/yayayoy100400023/6867954-george-washington-emoticon-holding-a-flag-of-usa.jpg

[vacuum]

I believe Mt Gox will be trading PPcoin soon. But they said that previously, now they were unable to do even bitcoin.

[Ares]

I believe Mt Gox will be trading PPcoin soon. But they said that previously, now they were unable to do even bitcoin.

MtGox is back up, (I was able to log in at least) Got this in a red banner at the top.


Market Cooldown for 12 hours

Mt.Gox Support
posted this on Apr 11 23:33

Orders will not be accepted for the moment as we need to upgrade our database to accommodate the trading volume. However, you may still cancel your pending and open orders. Trading will resume at 11.00 am JST. Our apologies for the inconvenience caused and thank you for your patience while we work to resolve this issue.

Being in I.T. myself I know exactly what they are doing. The problem is poor planning (lack of hardware, software, people etc.) But at the same time there really isn't any ground work to follow to try and get an idea of what kind of resources you need to run a virtual currency exchange. They are for a lack of a better phrase "a victim of their own success." Hopefully their hiccups are a learning tool for others to put up more exchanges so as to have better method for price discovery and currency stability. You can't have an exchange that does 70% of BTC volume going down all the time or you're going to get these price plummets.

[Horn]

Golly. Please rephrase this naked greed into patriotic verbiage that at least pretends to promote Bitcoins as some sort of "Freedom" weapon in defense of our Constitution!

http://us.cdn4.123rf.com/168nwm/yayayoy/yayayoy1004/yayayoy100400023/6867954-george-washington-emoticon-holding-a-flag-of-usa.jpg

Most think playing a rigged market is Freedom.

Alls I see is added dollar velocity.

[Jewboo]

Most think playing a rigged market is Freedom...



http://www.csnews.com/vendors/products/1307.jpg

http://media.philly.com/images/040911_condom_400.jpg

http://www.freedomfundraising.com/system/production/products/images/1045/medium/NewFredomBoxLargeBars.jpg?1348670077

This Bitcoin casino scheme was sold as "Freedom" from the evil monetary system.

A few here at GSUS are still selling it as such.

:D

[Ares]

This Bitcoin casino scheme was sold as "Freedom" from the evil monetary system.

A few here at GSUS are still selling it as such.

Whatever you say statist shill. How much is that digital FRN in your electronic bank account worth if the FDIC goes belly up?

Or take a look a cyprus. I'm sure they have all the faith in the world in their Euro's right now.... LOL

[Jewboo]

Whatever you say statist shill.



http://mjcdn.motherjones.com/preset_12/tea-party-patriot.jpg

You forgot to tell again how our Founding Fathers would want us to buy Bitcoins.

:D

[Horn]

But at the same time there really isn't any ground work to follow to try and get an idea of what kind of resources you need to run a virtual currency exchange.

Sorry fellas the only way we will be able to provide the service you need is to be a leveraged third party buyer to your pier to pier predetermined imaginary death shell game network...

I know you luv me Ares :)

Do I receive any Satoshi credits for servicing the afterlife?

[Ares]

http://mjcdn.motherjones.com/preset_12/tea-party-patriot.jpg

You forgot to tell again how our Founding Fathers would want us to buy Bitcoins.

:D

Your blatant hypocrisy is breath taking Book. I'm not sure anyone else takes hypocrisy and ego to the level that you do. You really should have your own thread to highlight it. Instead of derailing other peoples threads and subjugating everyone to your idiocy.

I'm sure the founders would love the idea of a central PRIVATE for PROFIT bank issuing the nations currency at INTEREST. Only a statist cock sucking idiot would prefer that idea.

At least with BTC's there is a ceiling, and no one to push a lever to print more or less to coax the markets for their own benefit. Yeah book, that sounds like a much better idea. *sarcasm*

[Ares]

Sorry fellas the only way we will be able to provide the service you need is to be a leveraged third party buyer to your pier to pier predetermined imaginary death shell game network...

I know you luv me Ares :)

Do I receive any Satoshi credits for servicing the afterlife?

Ok, so what kind of bandwidth, core network switch and router would you purpose to handle their traffic? How many employee's would you hire to handle their interface and back end API development? How many servers would you use per cluster to balance the load? Can you point me in the direction of previous setups and configurations so that I have something to go from?

Yeah didn't think so. :)

[Horn]

At least with BTC's there is a ceiling, and no one to push a lever to print more or less to coax the markets for their own benefit. Yeah book, that sounds like a much better idea. *sarcasm*

With all the floor action they might just mate the Fed dollar to Bitcoin.

Bernanke: "Thank God for small afterlife favors, these people might of actually started to hold Silver as the Constitution intended, now alls we need is to compromise the pier to pier, 140 years should give us enough time."

[Horn]

Ok, so what kind of bandwidth, core network switch and router would you purpose to handle their traffic? How many employee's would you hire to handle their interface and back end API development? How many servers would you use per cluster to balance the load? Can you point me in the direction of previous setups and configurations so that I have something to go from?

Yeah didn't think so. :)

Of course not, I'm agreeing with you that there is no president.

Why you would want to set one with this market is beyond me.

[Ares]

Of course not, I'm agreeing with you that there is no president.

Why you would want to set one with this market is beyond me.

I look at it as no more risky than investing in the stock market. I make a wrong decision there I lose my money, time and energy all the same.

At least with this investment, I have the feeling to go along with investing in something I believe in. Can anyone who invest in Microsoft, Apple, Cisco, JPM, or Bank of America really say the same?

[Horn]

I look at it as no more risky than investing in the stock market. I make a wrong decision there I lose my money, time and energy all the same.

At least with this investment, I have the feeling to go along with investing in something I believe in. Can anyone who invest in Microsoft, Apple, Cisco, JPM, or Bank of America really say the same?

I completely understand your sentiment, but there's no quick fix to the thing.

One of these coins need to setup with Walmart or maybe a BRIIC oil bourse firstly to provide a relative groundwork support of satoshi acceptors.

Believe me they will want it to go past 2140.

[Jewboo]

Only a statist cock sucking idiot would prefer that idea.



http://nutcrackersweete.com/images/enesco/jimshore/patriot/4004151_m.jpg

Keep your Bitcoins in something like this? When are you guys gonna stop pretending that Bitcoins has anything at all to do with "Freedom" ?

:)

[sirgonzo420]

Keep your Bitcoins in something like this? When are you guys gonna stop pretending that Bitcoins has anything at all to do with "Freedom" ?

:)


What do you know about "Freedom", jewboo?

The eager, freedom-ignorant minds of GSUS are awaiting your lesson.



http://www.studysols.com/wp-content/uploads/2012/11/Importance-of-Class-Room-and-Teacher.jpg

[Jewboo]

What do you know about "Freedom", jewboo? The eager, freedom-ignorant minds of GSUS are awaiting your lesson.

Thanks for asking Gonzo.

Most of us here share the quaint collective memory of GIM1 and that nostalgic undefined sense of "Freedom". That all ended as an April Fool joke on everyone when GIM2 suddenly replaced it and GSUS was born. Many naively once entertained the "Freedom" notions of Ron Paul and the Liberty Dollar and the Tea Party and Glenn Beck and Occupy Wall Street and later Rand Paul and most recently now Bitcoins. A few here still try to sell us on the quaint Sovereign Citizen version of "Freedom" of defiantly spouting legalize jargon to police officers and judges. A couple of members still spam threads with their Bible quotes. More than a few here insist that their use of alcohol or marijuana or other substances is "Freedom".

http://dollarvigilante.com/storage/02012/46-may-2012/Homeland%20Security%20Special%20Response%20Team%20 Rescue%20Assault%20Vehicle.jpg?__SQUARESPACE_CACHE VERSION=1334449110302

Meanwhile, as we entertained all these "Freedom" fads, Homeland Security was buying tanks and over a billion rounds of ammo while us citizens now can't find one single .22 bullet for sale. Our so-called Justice Department hasn't put one single Wall Street jew criminal in prison, not one, but Congress just today agreed to debate their pending new Peasant Gun Control legislation.

My question to you is:

What "Freedom" Do You Believe You Actually Have Today?

:(??

[Horn]

What "Freedom" Do You Believe You Actually Have Today?

:(??

You're free to leave, jewbook.


http://www.youtube.com/watch?v=2qP4Ye15J0Y

[Jewboo]

https://encrypted-tbn3.gstatic.com/images?q=tbn:ANd9GcRZQ8LOjKdjDNVREvDQHMz-Ab8UzHwjoElY2UmeURPzwXanYrVC

Oh...and one guy here found his "Freedom" by watching thousands of MTV music videos...lol.

:D

[Horn]

Oh...and one guy here found his "Freedom" by watching thousands of MTV music videos...lol.

:D

I've got 30 pieces of silver that says you don't know how to dance, brute'


http://www.youtube.com/watch?v=67bAoBdXYDg

[Jewboo]

I've got 30 pieces of silver that says you don't know how to dance, brute'



https://1957timecapsule.files.wordpress.com/2010/08/american-bandstand-collage.jpg

Around the time White America went to shit. Coincidence?

:) not even for 30 Bitcoins...lol.

[ximmy]

Whatever happened to "If you don't hold it, you don't own it?"
http://media.npr.org/assets/img/2010/12/09/yap2-8451313d0e86f96a838b2ffc48b42bb5f633f29b-s6-c10.jpg
http://howstuffworks.files.wordpress.com/2012/04/blog-stone-money-yap.jpg?w=610


http://www.visit-fsm.org/yap/gallery/64.jpg

[Horn]

Around the time White America went to shit. Coincidence?

:) not even for 30 Bitcoins...lol.

You're just being jealous of Dick Clark's success.

[Horn]

Whatever happened to "If you don't hold it, you don't own it?"

You're able to put them into your purse.

Don't even tell me you're one of those women who refuse to carry a purse?


4688

[Son-of-Liberty]

Golly. Please rephrase this naked greed into patriotic verbiage that at least pretends to promote Bitcoins as some sort of "Freedom" weapon in defense of our Constitution!

http://us.cdn4.123rf.com/168nwm/yayayoy/yayayoy1004/yayayoy100400023/6867954-george-washington-emoticon-holding-a-flag-of-usa.jpg

You know what Book? You're right, I am sorry that I am trying to protect/grow my wealth in a rigged market. With Gold under $1500 as of this post I should just hold and pray so as not to offend your delicate sensibilities.

[Jewboo]

You know what Book? You're right, I am sorry that I am trying to protect/grow my wealth in a rigged market. With Gold under $1500 as of this post I should just hold and pray so as not to offend your delicate sensibilities.



http://www.goldismoney2.com/attachment.php?attachmentid=16622&d=1332702010&thumb=1

http://www.opencurrency.com/wp-content/uploads/2011/07/Liberty_Money.jpg

https://lh3.ggpht.com/-2mkIRq9oWqc/UHh88tzfCkI/AAAAAAAAPWQ/nwNsFmwgIgc/s1600/New+Liberty+Loan+-+free+money.jpg

I encourage everyone to protect/grow their wealth. I just get annoyed when anyone wraps their financial self interest in the American Flag and fobs it off as Liberty.

http://us.cdn4.123rf.com/168nwm/yayayoy/yayayoy1004/yayayoy100400023/6867954-george-washington-emoticon-holding-a-flag-of-usa.jpg
GREED IS LIBERTY

[Horn]

I had an conversation with a Romanian jew in the past, his opinion was that commodities should not be allowed on Wall Street.

Currency being a commodity I guess that financials could be included.

[vacuum]

Could be useful if you're playing the market:

http://www.reddit.com/r/Bitcoin/comments/1aqtgo/a_note_for_newbies_about_market_forces_feel_free/



a) green bars above the axis represent increases in buy orders
b) red bars below the axis represent decreases in buy orders
c) red bars above the axis represent increases in sell orders
d) green bars below the axis represent decreases in sell orders
Sometimes you'll see weird looking bars like this, where there's green both above and below the line at a single price point:
http://i.imgur.com/Usrdy99.png
That means the market price has moved up past that point. There used to be sell orders at that price (which have gone down to zero, case d) above) and now there are buy orders at that price (which have gone up from zero, case a) above).
Other times you'll see red and green bars on top of each other, like the 2nd bar from the left here:
http://i.imgur.com/wiMGHmV.png
That's cases b) and d) - both buy and sell orders in the price range have reduced.




http://i.imgur.com/516v5Nz.png

[Neuro]

MtGox is back up, (I was able to log in at least) Got this in a red banner at the top.



Being in I.T. myself I know exactly what they are doing. The problem is poor planning (lack of hardware, software, people etc.) But at the same time there really isn't any ground work to follow to try and get an idea of what kind of resources you need to run a virtual currency exchange. They are for a lack of a better phrase "a victim of their own success." Hopefully their hiccups are a learning tool for others to put up more exchanges so as to have better method for price discovery and currency stability. You can't have an exchange that does 70% of BTC volume going down all the time or you're going to get these price plummets.
I don't remember who it was, but someone here have been in contact/knows the crypto-anarchist that runs Mt. Gox, and had been told that in times like these their idea was to slow down trading by not allowing orders or slowing down the execution of them, so maybe it is not so strange it 'crashed'?

[Ares]

I don't remember who it was, but someone here have been in contact/knows the crypto-anarchist that runs Mt. Gox, and had been told that in times like these their idea was to slow down trading by not allowing orders or slowing down the execution of them, so maybe it is not so strange it 'crashed'?

If so, even more of a strong case to have more exchanges.