6/12/2011 4:38:45 PM
Just gotta ride that market out guys.
6/12/2011 5:23:27 PM
6/12/2011 7:34:17 PM
Last Price: 22.3kinda impressed it got so high and has retained it's value for 12 hours
6/13/2011 4:37:39 AM
I forgot I had an 8800, so maybe I'll join a pool just for fun. Apparently, all the high end cards are getting bought up by miners.I'm also fantasizing about writing a trading bot and reading up on SHA-256.
6/13/2011 9:32:43 AM
I too have a spare computer with a video card. At the current rate uncovering a block will net you 1000 bucks (50 BTC). Time to start mining
6/13/2011 11:05:28 AM
Okay, face.What does it mean when the bid price is a $1 away from the ask price. That's a pretty steep gap.
6/13/2011 4:17:50 PM
Last Price: 16.5001come to papa.
6/13/2011 6:28:53 PM
Just curious, is anyone else doing this??My deposit from the 8th JUSSSSST came in. And I guess so did a lot of other people because at 5pm CST bitcoins just shot up $3. I might buy in at 4:59 pm CST every day.
6/13/2011 7:10:48 PM
That is a really steep gap.That most likely indicates people are concerned about the extreme volatility right now.Volatility is typically an indicator of bear markets as bull markets tend to be more stable.
6/13/2011 7:23:10 PM
What about this scenerio:Someone made a huge purchase and bought up all the bids at a dollars' length.
6/13/2011 7:33:01 PM
thats possible if someone is too stupid to use a limit order, but that would likely be a very short term spread in the market.Are there marketmakers? That could be fairly profitable assuming you are allowed to be net short a position (not sure if you are)
6/13/2011 7:59:56 PM
Nope, you're not allowed to short it. You can only buy/sell.
6/13/2011 8:14:06 PM
dumb question for you GeniuSxBoYif I were to place a bid above the ask price, I would have my order satisfied immediately, right? is there a delay in this process and does it require manual intervention on my part? I think you said it was fully automatic.
6/13/2011 9:02:21 PM
If the lowest asking price was $16 for 100 sharesAnd you bid $17 for 100 sharesThen you will get all the 100 $16 shares even though you bid $17.-------------------------------------------If the lowest asking price was $16 for 50 sharesand the next asking price is $16.01 for 25 sharesand the next asking price is $16.50 for 50 sharesAnd you bid $17 for 100 sharesThen you with get all the 50 $16 shares, the 25 $16.01 shares, and 25 of the $16.50 shares to complete your order.[Edited on June 13, 2011 at 9:28 PM. Reason : .]
6/13/2011 9:25:44 PM
If the asking price is $20 a share like it is right now, you can put a bid in for $10.50 and if the market dives while you're sleeping, then it'll automatically fill your order.
6/13/2011 9:32:18 PM
Terrible idea to do that.
6/13/2011 10:18:30 PM
Yep, never bid more than the lowest asking price.
6/13/2011 10:21:33 PM
No, im talking about putting a limit order like you described, far away from the current trading range.
6/13/2011 10:26:42 PM
Depends on the circumstance, Chance.
6/13/2011 10:28:23 PM
I mean if you're literally gambling an asset then why not. If you're investing, picking some arbitrarily far away strike and actually having it trigger but not go a whole lot lower and go back up is about as likely as winning the lottery.
6/13/2011 10:34:48 PM
Hmm, I realize this. It's a gamble. But bitcoin is brand new and here to stay. People are even selling them on EBAY already and making/losing money. Market goes up and down too violently to tell.
6/13/2011 10:40:29 PM
bitcoin is headed down, why would you buy right now?
6/13/2011 10:56:42 PM
Not a lot of activity today. The volume of trades is down 100,000 from yesterday. Might be because today is monday and yesterday was sunday.
6/13/2011 11:10:00 PM
O HAI GUIZE I CAN HAS RICHES FROM DIS?MINE BITCOINS BUY SOCKS TRADE BITCOINS FOR DRUGS ON SILK ROADREAD ABOUT SILK ROAD IN GAWKER WITH 500K OTHER NERDSBUY A BAZILLION BITCOINS 2 GET HIHAY SILK ROAD LET ME IN I WANT TO BUY DRUGS TOO!!11LOCKED OUT?! USELESS CURRENCY ONCE AGAIN!!1OK FINE 50 BITCOINS TO ANYONE THAT CAN DDOS SOMETHINGAWFUL.COMWTF IS UP WITH THIS GRAFFCHART?!CAN I BORROW SOME MORE BITCOINZPLZ[Edited on June 14, 2011 at 2:54 AM. Reason : BROKE]
6/14/2011 2:45:39 AM
50 bitcoins are worth $1000 now.
6/14/2011 2:57:53 AM
What does that have to do with anything?
6/14/2011 3:08:11 AM
tell me if this is stupid. I know nothing about investing.it seems like there is a lot of volatility. many times per day, the price will drop more than 10% and very shortly shoot back up. would it be impossible to take advantage of these constant dips?
6/14/2011 8:33:03 AM
Quite possible. Create an account and every day keep a bid order at what you think is the low for the day and an ask order at what you think is the high of the day. This is what is known as buying low and selling high. When you do this you are providing liquidity into the market, stabilizing it, and making money for yourself. As your bid and ask don't move you don't need to watch the market at all beyond 30 minutes every morning. Just come back the next day and see if the market hit your numbers and reset your orders.
6/14/2011 9:03:27 AM
6/14/2011 9:05:38 AM
You don't need a bot. They provide the bot for you by simply letting you place orders far away from the current trade price. If the previous trade was at $20, you are allowed to place a bid order anywhere, say at $10, which will wait in the bid queue forever until the price shoots down to $10, at which point your account will wake up and make a trade.
6/14/2011 9:11:39 AM
I get that. But I don't want to watch the market all day (if trading often is indeed better).[Edited on June 14, 2011 at 9:16 AM. Reason : asfasdfas]
6/14/2011 9:15:50 AM
It's pretty interesting how volatile and unpredictable this is and what's essentially affecting the market value.I remember earlier this year when 50cent was tweeting about certain stocks and overnight the value increased by 300%. What if Scarlett Jo bought up a decent number of bitcoins during the next fall and then tweeted she would FDT for X amount donated to her charity (which only accepts one type of payment).Or what if the guy that wrote the Gawker article exposing Silk Road [let's assume he had intimate knowledge of this underground connection well before 6/3] already had a stockpile from January and say he had someone watching the market 24/7; selling everything a week later at $30/ea?And then a top page reddit article offering a plethora of bitcoins for something 4chan kiddies could do in their sleep. DDOS site xyz.com at a rate of XX coins/hr it's down. Is this what you guys mean by manipulation?#noeconmajor
6/14/2011 9:37:37 AM
I think a better example would be when the anonymous creator of the system, a guy who owns around 25% of the Bitcoins in existence, decides it's been fun running this ponzi scheme but it's time to cash out. He dumps his coins onto the market, possibly causing a crash, and uses the money to go start an underwater utopia called Rapture.
6/14/2011 9:58:11 AM
6/14/2011 10:10:37 AM
Stupid fucking people Ddosing the site. Stupid. Pointless.
6/14/2011 10:16:51 AM
6/14/2011 10:17:31 AM
Maybe I'm not making myself clear. I want to take advantage of constant dips, small dips in the market and not very rare, large dips.^^^That's fine. I just wanted some argument against the idea. I'll probably just try it out for fun.
6/14/2011 10:33:01 AM
You want to do what I do lol. Buy and sell quickly. Yes you can do this.The only problem is that you never ever ever know what the market is going to do. If you buy at the lowest point you've ever seen it... there is a great possibility of it dropping even lower and never making back up for days, months, years, or never again.Also, if you buy at $16 and it jumps to $20, you have to ask yourself "what if it goes higher?" if you wait too long it could drop below $16 again. If you cash out, it may jump to $30. I lost $300 by cashing out early. I'm not mad because I at least made some money. But since I cashed out, it hasn't come close to that $10.50 level[Edited on June 14, 2011 at 10:39 AM. Reason : .]
6/14/2011 10:34:52 AM
^^I don't think it's that bad of an idea to do for fun, I just wouldn't expect to become a billionaire off of it.[Edited on June 14, 2011 at 10:39 AM. Reason : ]
6/14/2011 10:39:10 AM
How long has this Ddos attack been going on? I just woke up
6/14/2011 10:40:18 AM
6/14/2011 11:26:55 AM
It just came back up. The service has been down from when I woke up at 10am till 11:25am.
6/14/2011 11:29:55 AM
6/14/2011 11:33:43 AM
Gosh, I wanna buy now. There are so many HUGE bids it'll take forever to get to $14.Bid $15.00 1901.08 sharesBid $15.50 439.45 sharesBid $16.00 1409.62 sharesBid $16.02 404.53Bid $16.03 298.18Bid $16.50 294.92Bid $17.00 584.67Bid $18.00 479.57but i'm not because I wanna see what happens
6/14/2011 12:00:34 PM
goddamnit, I just found out my friend has a 6990. he can expect to generate about $24 a day miningEUROTITTOSS CAPITAL MANAGEMENT GROUPhttp://www.newegg.com/Product/ProductList.aspx?Submit=ENE&DEPA=0&Order=BESTMATCH&Description=6990&x=0&y=0[Edited on June 14, 2011 at 12:38 PM. Reason : asdfasdf]
6/14/2011 12:35:32 PM
Mining is hard. I mine all night and don't get anything.
6/14/2011 12:42:20 PM
Are you part of a pool? Otherwise, you're not going to get shit for a while.
6/14/2011 12:44:22 PM
nooope. i don't have a dedicated computer. Maybe in 6months I will
6/14/2011 1:15:04 PM
finally, the market is moving,
6/14/2011 1:38:15 PM