Screw Dell and their crappy machines,
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Screw Dell and their crappy machines,
Like purest milk from the vacuum of space, a pale horse eclipses the ridge.
http://www.coindesk.com/market-monthly-stable-bitcoin/Quote:
Bitcoin Price Drops Below $600 After Relative Stability
The last two months have seen no shortage of positive bitcoin news.
DISH became the latest big retailer to accept bitcoin in June, only to be eclipsed six weeks later by Dell. Then, there was the successful US Marshals auction of roughly 30,000 BTC, which proved bitcoin’s fungibility in the eyes of the US government.
With all that good news, bitcoin’s price must be rocketing again, right? Hardly. In fact, price volatility has been flat in the last month, making it the most torpid period this year, according to the Coinometrics volatility index.
One exchange operator I spoke to was as mystified as the rest of us. The last two month’s newsflow should have goosed the price, but it barely budged.
“In any other time, in any part of 2013, and even before that, an event like Dell [taking bitcoin], would have shot the price up by 20-50%,” said Mark Lamb, chief executive of London-based exchange Coinfloor, which has been growing its daily trading volume of about 150 BTC since it launched in March.
In fact, the value of a bitcoin hadn’t closed below $600 over the last 30 days, according to the CoinDesk BPI, except for a blip today, which saw it dive briefly to a low of $591.
Bitcoin price declines
At press time, the price of bitcoin on the CoinDesk USD Bitcoin Price Index had lost its long-time stability, dropping roughly 4% since the day’s open to sit at $595.73. This figure was up from the day’s low of $591.46, but down measurably from its high of $618.42, figures that baffled traders and reddit readers alike.
The day’s low was observed at 13:35 UTC and was followed by a sharp recovery, but it wasn’t enough to undo the mysterious and sudden decline.
Prices on the CoinDesk CNY Bitcoin Price Index followed a similar trajectory, falling from an open of ¥3,832.17 to ¥3,692.45 at press time, but for once, even China wasn’t to blame for falling bitcoin prices.
With no clear news to blame for either the stability or the decline, many are wondering where to turn for answers.
http://www.youtube.com/watch?v=ynKoZD-sFi4
Bitcoin is dead, it's all over.
Price $464.
/s
It's certainly been very quiet about it lately. Which seems to be its greatest enemy. However during the period of this thread it has advanced from a bitcoin costing less than an ounce of silver to more than 20 ounces of silver.Quote:
Originally Posted by optionT
Another thought... This year the price has been much less volatile... Which means it can start function like a currency you can make commercial transactions in.
That is the first post of this thread... And then it went up to par with gold, before receding... More than a coincidence?Quote:
Originally Posted by madfranks
I'll start buying again when I hear more people say that kinda crap. I assume you're being sarcastic though.Quote:
Originally Posted by optionT
Right now I'm purely focused on guns/ammo/accessories.
Well they keep trying to make the news stories stick, but like Shami says people are buying lead instead.Quote:
Originally Posted by Neuro
Maybe if an ammo manufacturer, cell phone carrier picked it up for exchange ... ?
http://www.cryptocoinsnews.com/wp-co...ection_181.png
https://s3.amazonaws.com/tradingview/m/MS1frEMZ_mid.png
Looks like the bottom fell out, if only there were some intrinsic value support.
Quote:
Originally Posted by Shami-Amourae
I'm long term uber-bull, lol!
It appears that 2014 will look like 2012, in which the price rose modestly due to the fact that 2011 had an incredible rise, just like 2013 had.
So 2015 could be absolutely massive!!
We'll see!
New low for 2015 is currently at $250.45 (Coindesk quote).Quote:
Originally Posted by Neuro
So far, 2015 is starting off on a rough note but by going down to the $250 low not seen since April 2013 but once it shakes off the recent Bitstamp hacking and other bad news, then it will go back up IMO.Quote:
Originally Posted by optionT
Whatever happened to Gonzo?Quote:
Originally Posted by sirgonzo420
Been wondering the same thing!Quote:
Originally Posted by Horn
He went poof!
What a difference a couple of days can make. New low is $162.68, but I think it is a low that will stick, because it had a decisive bounce up to now around $200, in the last 12h. My initial crypto-investment $1100 from October is now worth around $350. Initially I traded my bitcoins to litecoins and got about 250 of them. I have traded mainly between PPC and LTC, and in the beginning I lost some from that trade, in the middle I didn't do any trading. Now the last 10 days or so I managed to recover the trading losses and some more, and have 265 Litecoins, from a low below 200. I think I will stay in Litecoin now. I think it has the greatest potential, and the trading volume is very good, 2nd to Bitcoin and then none!Quote:
Originally Posted by 1970 silver art
Yeah Bitcoin is currently rallying off of that $162.68 low and it is now at $218.26 (Coindesk.com quote). I originally said that I would stop buying bitcoin once it reached what-was-then the $275 low but I did not expect it to fall as low as it did. I did make another "nibble" on bitcoin and I bought 0.31 BTC on Coinbase when the price was at $191. It was only $59.90 (including fees) and I was able to lower my cost basis down. I might make another "nibble" on it if it retests the $162.68 low which it is certainly possible.Quote:
Originally Posted by Neuro
I have already made money on it earlier last year when it was at 2000 satoshi (currently at 5120 satoshi) but I still think that the biggest gain for me will come from Bitshares (BTS) once it really takes off and I have a lot of my past weekly bitcoin earnings invested in bitshares. When I had some profitable crypto trades, I invested the bitcoin profit in Bitshares. I also do have some DOGEcoin and I am currently adding to my Dogecoin balance but I am doing it by earning them from the DOGEcoin internet faucets. I have some other Alt coin named Whitecoin that I made my original investment back plus a profit on it when it went up to 200+ satoshi (currently back down to 75 satoshi). I did not add any Whitecoin to what I already had. Just watching the price.
At the moment, I am concentrating on bitcoin and I am still earning bitcoin from the various bitcoin faucets on the internet while watching what the price is going to do.
Bitcoin revealed: a Ponzi scheme for redistributing wealth from one libertarian to another
http://www.washingtonpost.com/blogs/...an-to-another/
The Truth About Willy
by paleh0rse
I've seen a lot of misconceptions about the infamous Willy bot at MtGox -- thanks, in no small part, to a few posthumous analyses posted by others over the last year that included many incorrect assumptions and conclusions.
Here's the real deal, short and to the point:
Willy purchased between 10 and 19 BTC every 5-10 minutes. Those small buys never moved the price by more than a few pennies.
Willy's purchase amounts and timing were very obviously written to take the spread and order book into account; as a result, Willy would wait a maximum of ten minutes for the order book to present an ask (or group of asks) that wouldn't move the price up by more than a few cents when Willy made a purchase.
By late December, several competing bots were created that placed asks (sells) directly in front of Willy. These further prevented any measurable price movement when Willy made buys.
Willy was a very slow and low impact accumulation bot. Often times, thousands of coins would change hands in the 5-10 minutes between Willy's small buys.
China and real whales drove the rally. Period.
Source: I discovered Willy and studied "him" in real time for almost two months. There's more to that story -- including how the name was selected (thanks, W!), how some of us used to make bets about his next purchase amount, and about the night I confronted Mark with Willy's existence -- but, those aren't really relevant to the main points I wrote above. I'll be glad to answer any questions below, though. :)
http://www.reddit.com/r/Bitcoin/comm...h_about_willy/
Update (7-3-2015): The Bitcoin that I bought with FRNS on Coinbase, I sold it all (except my Bitcoin faucet earnings) when the price was $283. However, I do have 0.1031 BTC in my wallet. The 0.1031 BTC that I have in my wallet arerepresents my current total Bitcoin earnings that I have earned from the various bitcoin faucets on the internet since mid 2014. Those BTC earnings are currently worth ~$26.31 (based on bitcoin $ price of $255.15). I do not plan to exchange FRNs for BTC, I will just continue to earning BTC from the bitcoin internet faucets to add to my bitcoin savings since there are a bunch of the BTC faucets that have decent payouts.
What do you think about Litecoin?Quote:
Originally Posted by 1970 silver art
Honestly speaking, I do not have much of an opinion on Litecoin but I watched litcoin's price go up big on coinmarketcap. I got out of Litecoin when it was in the $8.90 range but I never got back in when it was in the $1.80 range. I will be honest with you in that I like bitcoin mainly because it is the "bluechip" of cryptos and I am more motivated to earn more bitcoin because the BTC internet faucets are paying more now than they did when bitcoin was much higher. I have been taking advantage of it. The main reason that I sold the BTC that I bought with FRNs on Coinbase because I realized a small profit and wanted to lock that profit in and just keep all of the . I was planning not to exchange FRNs for BTC at this point because I can earn bitcoin from the faucets since they have much higher payouts.Quote:
Originally Posted by madfranks
At this point in time, I have earned enough BTC from the faucet earnings to buy 1-oz of silver from an online dealer that accepts Bitcoin but I will not do it at this point. My BTC goal at the moment is to save enough of my Bitcoin earnings from doing the bitcoin faucets to buy an ATB puck. As of today (July 4, 2015) I currently have a total of 0.1031 BTC which is worth about $26.24 (based on BTC price of $254.56/BTC). It took me a year to earn that much but that is misleading because 1.) BTC faucet payouts are much higher on a certain faucets now than a year ago and 2.) There are more BTC faucets with big payouts now than a year ago.
The short term goal for my bitcoin savings is to double the $ worth of my bitcoin savings from where it is now (currently at $26.24) by December 31, 2015. I will see how it goes with that. The long term bitcoin savings goal is to have enough bitcoin savings from all of my bitcoin faucet earnings to buy an ATB 5-oz bullion puck.
The alt cypto investments that I have at the moment are 1.) Whitecoin, 2.) Dogecoin (earning from DOGEcoin faucets) and 3.) Bitshares.
What is a "bitcoin faucet"?
marketing sites
https://bitcoinmagazine.com/18137/bi...ts-in-trouble/Quote:
Dismissed by many for the tiny amounts of bitcoin they give to end users, these faucets still have served an important entry gateway into bitcoin for a number of years now, enabling people to get their hands on their first bitcoin. I think the first thing that people find out is that there are easier ways to get their first bitcoins. But as many people are exposed to new brands and service, whether good, bad or shady, a number of these users will go on to buy or trade bitcoins on exchanges, buy mining hardware to generate bitcoin themselves. or invest in cloud mining services.
Users visit the sites, usually plastered with advertising, and fill in a captcha and their bitcoin wallet address. A small amount (anything from 10-500 satoshi) is then transferred into an associated micro wallet, and the visitor needs to wait for a specified cool-down period from five to 240 minutes before being able to repeat the process. People then can systematically do this across several sites using the same micro wallet, which builds up. Once they pass the bitcoin network’s 5430 minimum payment threshold , a payment is queued to be sent to a large batch of users on a set frequency.
Bitcoin Faucet are websites on the internet were you can get a certain amount of free bitcoins per a certain time period (for example: 1000 satoshi every 60 minutes) after solving a captcha. A captcha is a question or simple puzzle that you have to complete before getting free bitcoins and that is used to prove that you are not a bot. Those are usually very easy questions or short words or phrases that you have to enter to "solve" a captcha.Quote:
Originally Posted by Neuro
I use a lot of bitcoin faucets to get free bitcoin but some of the best ones (IMO) are the following:
1. Freebitco
2. Bitcoin Zebra
3. Moon Bitcoin
4. Bitcoinker
Those above 4 are some of the highest bitcoin payouts typically between 750 to as much as 10,000 an hour. There are many other smaller bitcoin faucets that I use but those are the 4 best ones on the internet if one just wanted to use faucets to earn bitcoin on the internet. Earning bitcoins from intenet faucets is, IMO, is the east way to get and build up a bitcoin savings with out having to exchange FRNs for BTC through Coinbase especially when you are on the computer anyway doing something else.
FaucetBox is the main microwallet that I use storing bitcoin earnings from the smaller faucets.Quote:
Originally Posted by Horn
I wanted to add that there are internet faucets for Litcoin, DOGEcoin and DASH to name a few alto coins and the payouts on those will vary.
I added up my bitcoin earnings for July 4, 2015. I earned a bitcoin total of 131,046 satoshis (0.00131046 BTC). What I earned in one day would have took a week to earn a year ago. Now I will see how much I can earn on July 5, 2015 (Sunday).
So at todays rate you value your hour at 0.25 cents if BTC is at $250 and you get 1000 Satoshis for one hour of your time? You wouldn't even earn a full bitcoin if you spent every hour in a day for a year doing this...Quote:
Originally Posted by 1970 silver art
Keep in mind that I am on the computer anyway (usually listening to internet radio while browsing web sites and forums such as GSUS) so earning bitcoin on the faucets is not a big deal to me and it is easy to do. I am not going out of my way doing this. I used a rate of 1000 satoshis/hour as an example, I earn a lot more than that in an hour depending on what I do and how many faucets I decide to do (also depending if I am at work in which case I am not at home on my home computer earning BTC). I was on the computer most of the time today since it was raining all day outside where I live and I do not go to work today being that it is a July 4 holiday. I am not concerned about earning a full bitcoin in a certain period of time doing this. If I do (by hitting a large faucet jackpot for example), then great. If not, then that's fine too.Quote:
Originally Posted by Neuro
That is around 30 cents FRN...Quote:
Originally Posted by 1970 silver art
Actually 34 cents but who's counting since BTC price is above 250 at last check ($262.10 to be exact on Coindesk at last check)? Well I guess that I am. :) As I have mentioned in my previous post, I am not going out of my way nor is it cramping my lifestyle earning BTC on the faucets. Even if the BTC internet faucets did not exist, I would still be on the computer doing the same things that I am doing now (posting on gold and silver forums, listening to internet radio, browsing web sites etc.). The only difference now is that I am earning BTC while doing the things on my computer that I normally do.Quote:
Originally Posted by Neuro
The people who sold litecoin for fat profits must have put it into Bitcoin.............
Currently at $284.05 (Coindesk.com quote).
Yeah no doubt they have surnames of Warburg and Morgan also.Quote:
Originally Posted by 1970 silver art
Bitcoin continues to move up.............................
Currently at $313.50 (Coindesk.com quote)
Greece effect? Maybe.
Big drop in Bitcoin today. No clue what happened.
Price went from $255 to $220.
Quote:
Originally Posted by Shami-Amourae
http://www.coindesk.com/bitcoin-pric...x-flash-crash/
As of 9:03 PM on Saturday, November 28, 2015, My total bitcoin faucet earnings are now at 0.16876508 BTC. That amounts to $60.18 at a price of $356.57/1 BTC (Coinbase quote). I already know what I am going to spend my BTC faucet earnings on and where I am going to spend it at. I am going to buy a oz (or two) of silver on Provident metals since Provident accepts Bitcoin as payment. However, I am not going to do it now since I am waiting for spot silver to hit $8 but I plan to continue to earn more bitcoin from the various bitcoin faucets on the internet.
Bitcoin is currently at $424.40 (Bitpay quote). Up from the $356.57 quote that I last posted on this thread on November 28, 2015. As for my bitcoin earnings. I earned enough free bitcoin from the Bitcoin faucets to buy a total of 4 oz's of physical silver for all of December 2015. I bought 3 1-oz Zombucks Saints and a 1-oz Incuse Indian Head with the free bitcoin that I obtained from the Internet faucets.
My current bitcoin faucet earnings rate is currently between 1 million to 1.2 million satoshi per week (142,857 to 171,428 per day). I will aim to eventually reach my goal to obtain at least 2 million satoshi in a week in free bitcoin from the faucets. I think that this is doable. I will see.
Wow that is around $5 a week! Not bad for 50-60 hours a week, and you still have time to post your progress here...Quote:
Originally Posted by 1970 silver art