BITCON... WHY its totally FLAWED

Discussion in 'Digital Currencies' started by 1for1, Aug 6, 2012.

  1. pro$pector

    pro$pector New Member

    Joined:
    Mar 14, 2012
    Messages:
    704
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Perth, WA
    Hahahaha just think of all that time you wasted slaving away on gold and silver when BTC made arbs and spreads this easy. :lol:
     
  2. goldpelican

    goldpelican Administrator Staff Member

    Joined:
    Jun 29, 2009
    Messages:
    17,648
    Likes Received:
    581
    Trophy Points:
    113
    At least I can't forget the password to my safe deposit box of silver :p

    Diversification :)
     
  3. pro$pector

    pro$pector New Member

    Joined:
    Mar 14, 2012
    Messages:
    704
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Perth, WA
    You understand I'm bored without all the BTC haters from last time right haha, I have to try for humour where I can get it. :cool:

    Are you finding it hard to trade AUD markets with the lack of liquidity?
     
  4. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

    Joined:
    Apr 13, 2011
    Messages:
    4,062
    Likes Received:
    17
    Trophy Points:
    38
    Location:
    Brisbane, Australia
    NFI what to do with mine now except hold....

    Although that never worked for silver.
     
  5. goldpelican

    goldpelican Administrator Staff Member

    Joined:
    Jun 29, 2009
    Messages:
    17,648
    Likes Received:
    581
    Trophy Points:
    113
    Doing most of my trading on ANX (HKD) and BTCmarkets (AUD). HKD is purely for trading, not planning to wire it back.
     
  6. pro$pector

    pro$pector New Member

    Joined:
    Mar 14, 2012
    Messages:
    704
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Perth, WA
    Back at $210 now anyway haha.
     
  7. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

    Joined:
    Apr 13, 2011
    Messages:
    4,062
    Likes Received:
    17
    Trophy Points:
    38
    Location:
    Brisbane, Australia
    I know right. The volatility is insane.
     
  8. pro$pector

    pro$pector New Member

    Joined:
    Mar 14, 2012
    Messages:
    704
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Perth, WA
    Just sold my $180 re-buy off for $209.

    Hopefully pick them up for $180 again while I sleep, fingers crossed.

    I've missed this volatility. :cool:
     
  9. Phiber

    Phiber Well-Known Member Silver Stacker

    Joined:
    Nov 21, 2012
    Messages:
    1,595
    Likes Received:
    31
    Trophy Points:
    48
    Location:
    Australia
    In the pure gold chart analysis spirit, a bit of chart speculation fun:


    [​IMG]


    Thoughts? :p
     
  10. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

    Joined:
    Apr 13, 2011
    Messages:
    4,062
    Likes Received:
    17
    Trophy Points:
    38
    Location:
    Brisbane, Australia
    Thinking I should sell if it's still over $200 AUD when I get home. The inevitable crash is going to happen.
     
  11. Phiber

    Phiber Well-Known Member Silver Stacker

    Joined:
    Nov 21, 2012
    Messages:
    1,595
    Likes Received:
    31
    Trophy Points:
    48
    Location:
    Australia
    Selling at $200 is a pretty good profit already no doubt.
    It's good to see some upwards volatility!
     
  12. JulieW

    JulieW Well-Known Member Silver Stacker

    Joined:
    Oct 14, 2010
    Messages:
    13,064
    Likes Received:
    3,292
    Trophy Points:
    113
    Location:
    Australia
    http://www.zerohedge.com/
     
  13. goldpelican

    goldpelican Administrator Staff Member

    Joined:
    Jun 29, 2009
    Messages:
    17,648
    Likes Received:
    581
    Trophy Points:
    113
    That just shows ignorance on the ZH author's part - the wallet file has been found on his computer, but they can't spend them. It's a bit like saying they found an ATM card with millions in a secret offshore account, but don't have the PIN to access them.

    "Seized" is definitely the wrong term.
     
  14. Phiber

    Phiber Well-Known Member Silver Stacker

    Joined:
    Nov 21, 2012
    Messages:
    1,595
    Likes Received:
    31
    Trophy Points:
    48
    Location:
    Australia
    The repossessed electronic money, whose encryption technologies seem to leave a bit to be desired


    Hahaha geez these guys don't get it, it's not even funny.
     
  15. hiho

    hiho Active Member Silver Stacker

    Joined:
    Apr 4, 2011
    Messages:
    7,816
    Likes Received:
    21
    Trophy Points:
    38
    Location:
    South Brisbane
    I dont get how you guys are buying and selling so quickly, where are you doing this?
     
  16. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

    Joined:
    Apr 13, 2011
    Messages:
    4,062
    Likes Received:
    17
    Trophy Points:
    38
    Location:
    Brisbane, Australia
    Back above $200 AUD today. Sell time
     
  17. Phiber

    Phiber Well-Known Member Silver Stacker

    Joined:
    Nov 21, 2012
    Messages:
    1,595
    Likes Received:
    31
    Trophy Points:
    48
    Location:
    Australia
    You can easily do that on MtGox for instance.
     
  18. Phiber

    Phiber Well-Known Member Silver Stacker

    Joined:
    Nov 21, 2012
    Messages:
    1,595
    Likes Received:
    31
    Trophy Points:
    48
    Location:
    Australia

    Haha that's the tricky thing hey: hold for greed? or sell some and take some profit.
    Cruel dilemma! I try to hold some and sell some.
    You holding all?

    I want to try and ride the present run up and following crash, should it happen.
     
  19. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

    Joined:
    Apr 13, 2011
    Messages:
    4,062
    Likes Received:
    17
    Trophy Points:
    38
    Location:
    Brisbane, Australia
    I may.

    Just like I did with Silver... and I am still doing so.
     
  20. pro$pector

    pro$pector New Member

    Joined:
    Mar 14, 2012
    Messages:
    704
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Perth, WA
    I use the RTBTC package, only costs like 0.03 BTC per 2 weeks.

    You can trade real time Mt Gox and Bitstamp, it's pretty much the best tool out there currently for cheap (unless you custom code from exchange API's - or use BTC-E...yuk).

    Can usually do about 10-25 trades a day and still go about my normal job without hassle.
     

Share This Page