BITCON... WHY its totally FLAWED

goldpelican said:
Crazy inconsistencies between the markets - crashing on mtgox, yet someone bought $100k+ at $254 AUD on BTCmarkets. Guess they weren't watching the other charts :/
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Hahahaha just think of all that time you wasted slaving away on gold and silver when BTC made arbs and spreads this easy. :lol:
 
goldpelican said:
At least I can't forget the password to my safe deposit box of silver :P

Diversification :)
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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?
 
pro$pector said:
Are you finding it hard to trade AUD markets with the lack of liquidity?
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Doing most of my trading on ANX (HKD) and BTCmarkets (AUD). HKD is purely for trading, not planning to wire it back.
 
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:
 
In the pure gold chart analysis spirit, a bit of chart speculation fun:


speculation_BTC.png



Thoughts? :P
 
Selling at $200 is a pretty good profit already no doubt.
It's good to see some upwards volatility!
 
http://www.zerohedge.com/
When three weeks ago, the FBI arrested Ross William Ulbricht - the creator of the now shutdown Bitcoin-only "alternative" marketplace Silk Road also known as Dread Pirate Roberts, some were surprised that the Feds only confiscated about $3.6 million worth in Bitcoins from Ulbrecht. Proving all doubters wrong, and that creating the first "libertarian" marketplace not subject to any rules and regulations, not to mention fiat monetary constraints, actually does pay quite well, moments ago it was revealed that Federal prosecutors had found an additional $29 million, or 144,336 BitCoins, belonging to the Dread Pirate. According to Reuters, the booty was discovered on "computer hardware" belonging to Ulbricht. The repossessed electronic money, whose encryption technologies seem to leave a bit to be desired, has now been impounded and will likely remain on the FBI's
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JulieW said:
http://www.zerohedge.com/
The repossessed electronic money, whose encryption technologies seem to leave a bit to be desired
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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.
 
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.
 
I dont get how you guys are buying and selling so quickly, where are you doing this?
 
willrocks said:
RetardedMonkey said:
Back above $200 AUD today. Sell time
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In 12 months you might look back and think this was a good time to buy.
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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.
 
hiho said:
I dont get how you guys are buying and selling so quickly, where are you doing this?
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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.
 
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