Search content
Sort by
Showing 20 of 63 results by Malte
I don't get his reasoning, he main critique is that bitcoin penetration/usage is way lower than "previously thought" or how the community makes it look like. I agree with that, but what does this say about possible future developments? if anything, I'd say "oh great, so I'm even more early adopter than I thought" or "there is way more room for growth than previously thought".
Re: Unless a boom happens in November, there will be a massive correction
This sounds plausible. On the other hand, it could be possible that most of the people sold by now. Are there any estimates how much additional money entered the market during the bubble phase anyway? Probably not possible to get this data. But don't forget that a lot of buying pressure might have been purely artificual due to willy bot (and willy bot will not sell).
Re: If you control the price on Bitstamp, you control it everywhere.
Well I don't think its stupid, it also means the reference price is from where it is the hardest (or most expensive) to be manipulated, so fair.
But I'm wondering if you have any data regarding the OTC market volume?
But I'm wondering if you have any data regarding the OTC market volume?
It seems nobody bothered to answer this (this is pretty basic knowledge):
A bitcoin address is like an unbreakable deposit box. Someone has the key to it (or the key is lost). Once the coins are inside the deposit box (i.e. sent, like you did). You can ever only get them out with the key (called private key).
If that key is lost, the coins are gone forever.
So in your case, I'd try to contact the "web" (-service?) you used to host your wallet. What was the name of this service?
Was there any backup or passphrase or anything you had to store or write down that might be used to regenerate your private key?
A bitcoin address is like an unbreakable deposit box. Someone has the key to it (or the key is lost). Once the coins are inside the deposit box (i.e. sent, like you did). You can ever only get them out with the key (called private key).
If that key is lost, the coins are gone forever.
So in your case, I'd try to contact the "web" (-service?) you used to host your wallet. What was the name of this service?
Was there any backup or passphrase or anything you had to store or write down that might be used to regenerate your private key?
Reddit (by someone else) shows me I am not alone.. even after suspending my bot for a good night's sleep, IP still seems to be blocked (failing on first attempt).
Hi there,
I have a trading bot that was running like a charm for a couple of months... but recently I started getting trouble with the Bitstamp API.
According to the docs you are allowed to do 600 requests in 10 minutes (so 1/sec).
I request the orderbook every 2 seconds with occasional trading (< 20 trades a day). So I should be well inside that limit.
(I know there is now an official documentation for their streaming API but I have not implemented that yet).
From time to time I my bot was blocked by Incapsula (their DDOS protection provider). In that case I just waited a couple of minutes and restarted the script... but this doesn't work any longer. My IP seems to be blacklisted. Incapsula tries to show a captcha, but I cannot see it because I don't have a browser with JavaScript nor a way to display images there (just using a plain linux box over ssh).
Has anyone encountered the same issues? How long do I have to wait until my IP gets unblocked? And what is a safe way to stay under the radar from Incapsula?
I have a trading bot that was running like a charm for a couple of months... but recently I started getting trouble with the Bitstamp API.
According to the docs you are allowed to do 600 requests in 10 minutes (so 1/sec).
I request the orderbook every 2 seconds with occasional trading (< 20 trades a day). So I should be well inside that limit.
(I know there is now an official documentation for their streaming API but I have not implemented that yet).
From time to time I my bot was blocked by Incapsula (their DDOS protection provider). In that case I just waited a couple of minutes and restarted the script... but this doesn't work any longer. My IP seems to be blacklisted. Incapsula tries to show a captcha, but I cannot see it because I don't have a browser with JavaScript nor a way to display images there (just using a plain linux box over ssh).
Has anyone encountered the same issues? How long do I have to wait until my IP gets unblocked? And what is a safe way to stay under the radar from Incapsula?
or did I overlook something?Like already said above "the exchange" itself does not sell or buy bitcoins, so it cannot price them. Instead, someone with coins will (hopefully) put up an sell order with a limit price. For example sell 1 BTC for 850 USD. This will then show up in the order book on the "ask" side (asking for 850 USD for a coin).
Now if someone wants to buy coins he can put up a buy order at some price. If this price is < 850 USD, lets say 800 USD, then no trade will happen but the order will show up on the "bid" side of the order book.
On the other hand, if he puts up a buy order with a price >= 850 USD then the order will be matched with the order on the ask side and the coin will be traded to the buyer or 850 USD and the last price for bitcoins on the exchange is hence 850 USD.
As you can see the price is entirely determined by users buying and selling, not by the exchange itself.
If you want to see what this looks like, just look at an alt-coin market with very little volume (no idea what coin this is, I just picked it randomly: https://www.cryptsy.com/markets/view/48).
Now if someone wants to buy coins he can put up a buy order at some price. If this price is < 850 USD, lets say 800 USD, then no trade will happen but the order will show up on the "bid" side of the order book.
On the other hand, if he puts up a buy order with a price >= 850 USD then the order will be matched with the order on the ask side and the coin will be traded to the buyer or 850 USD and the last price for bitcoins on the exchange is hence 850 USD.
As you can see the price is entirely determined by users buying and selling, not by the exchange itself.
If you want to see what this looks like, just look at an alt-coin market with very little volume (no idea what coin this is, I just picked it randomly: https://www.cryptsy.com/markets/view/48).
Re: Better return by buying $35 per day of BTC on Coinbase, everyday?
I agree- DCA protects you from paying a too expensive price at the cost of also not getting a "too cheap" price. But if you have an invenstment horizont of 1 year+ then you probably already think that the current price is "too cheap", so why sabotage these profits by DCAing?
Of course it could turn out other than expected, but if you don't assume that there will be geometric growth in price then a long term investment in bitcoin makes no sense anyway (too risky then).
What Risto showed that it is way more likely to miss huge profits by not DCAing.
Of course it could turn out other than expected, but if you don't assume that there will be geometric growth in price then a long term investment in bitcoin makes no sense anyway (too risky then).
What Risto showed that it is way more likely to miss huge profits by not DCAing.
Re: HELP!! Hacked using Blockchain.info! Someone sent my BTC AWAY!
From my understanding the 2FA on blockchain.info only prevents an attacker from retrieving the encrypted wallet file (from blockchain.info directly). If he can get it some other way, for example by compromising the hotmail account, its not impossible to brute the wallet.
I was also surprised to learn that. Apparently the default settings for the wallet encryption is rather weak.
It happened to this guy on reddit:
http://www.reddit.com/r/Bitcoin/comments/1ubv3o/my_blockchaininfo_wallet_hacked_strong_unique/
I was also surprised to learn that. Apparently the default settings for the wallet encryption is rather weak.
It happened to this guy on reddit:
http://www.reddit.com/r/Bitcoin/comments/1ubv3o/my_blockchaininfo_wallet_hacked_strong_unique/
Re: Better return by buying $35 per day of BTC on Coinbase, everyday?
Risto came up with some historical data to support his claim to not "DCA" (dollar cost average buy):
This requires proof. I downloaded the longest timeseries of Bitcoin trading activity available (Mt.Gox USD), and set the following:
A person wants to invest $1,000 in Bitcoin, and has the following options:
- Invest it all now, at an average price this week.
- Invest it in 4 equal lots in 4 subsequent weeks, starting this week.
- Invest it similarly over 8 weeks
- Over 12 weeks.
- Over 26 weeks (6 months)
- Over 52 weeks (12 months).
Then I calculated, how many bitcoins can be gained/lost by spreading the purchases. Result:
On average, by buying all instantly, the following advantage over other options was gained:
4 weeks = +8%
8 weeks = +20%
12 weeks = +33%
26 weeks = +79%
52 weeks = +161%.
In some cases DCA does come out ahead. In the 10% cases that most favored DCA, their advantage was (negative sign=DCA advantage):
4 weeks = -13%
8 weeks = -22%
12 weeks = -31%
26 weeks = -30%
52 weeks = -46%.
On the other hand the 10% most favorable cases for instant buying yield the following:
4 weeks = +33%
8 weeks = +77%
12 weeks = +101%
26 weeks = +214%
52 weeks = +416%.
By dollar cost averaging, the most would have been gained by having a 52-week plan instead of an instant lock-in in the week of 6.6.2011. (-77% less coins for instant).
By buying instantly, the largest advantage over DCA would have been by buying in the week of 27.9.2010 instead of during the following year (+629% more coins).
NO. DO NOT "DOLLAR COST AVERAGE", SINCE IT LEADS TO A MARKEDLY WORSE RESULT IN EVERY SCENARIO WHERE BITCOIN CONTINUES APPRECIATING AGAINST THE DOLLAR AS HAS ALWAYS BEEN THE CASE SO FAR.
This requires proof. I downloaded the longest timeseries of Bitcoin trading activity available (Mt.Gox USD), and set the following:
A person wants to invest $1,000 in Bitcoin, and has the following options:
- Invest it all now, at an average price this week.
- Invest it in 4 equal lots in 4 subsequent weeks, starting this week.
- Invest it similarly over 8 weeks
- Over 12 weeks.
- Over 26 weeks (6 months)
- Over 52 weeks (12 months).
Then I calculated, how many bitcoins can be gained/lost by spreading the purchases. Result:
On average, by buying all instantly, the following advantage over other options was gained:
4 weeks = +8%
8 weeks = +20%
12 weeks = +33%
26 weeks = +79%
52 weeks = +161%.
In some cases DCA does come out ahead. In the 10% cases that most favored DCA, their advantage was (negative sign=DCA advantage):
4 weeks = -13%
8 weeks = -22%
12 weeks = -31%
26 weeks = -30%
52 weeks = -46%.
On the other hand the 10% most favorable cases for instant buying yield the following:
4 weeks = +33%
8 weeks = +77%
12 weeks = +101%
26 weeks = +214%
52 weeks = +416%.
By dollar cost averaging, the most would have been gained by having a 52-week plan instead of an instant lock-in in the week of 6.6.2011. (-77% less coins for instant).
By buying instantly, the largest advantage over DCA would have been by buying in the week of 27.9.2010 instead of during the following year (+629% more coins).
Did you resolve that issue? Similar situation over here 
I ran a trading bot (only 10 trades or so) for about a day, then transferred some additional coins and a couple of hours later I discovered that my account was locked...
I ran a trading bot (only 10 trades or so) for about a day, then transferred some additional coins and a couple of hours later I discovered that my account was locked...
Wie dsky sagt. Ven ist so ne Art Fonds, der sich aus verschiedenen Markt-Indizes, Währungen und CO2-Zertifikaten zusammensetzt. In sofern ist es vielleicht nicht unbedingt wie WoW-Gold, da es nicht ganz ohne "Gegenwert" vermehrt werden kann. Die Zusammensetzung des "VENs" kann aber offenbar auch geändert werden (und wurde).
Ich habe zum ersten mal davon gelesen, als einer der VEN-Typen irgendwo ein "Interview" zu alternativen Währungsmodellen gegeben hat, wo er auch auf Bitcoin eingehen musste. Der größte Teil des Interviews war aber VEN-Propaganda. Wobei aber auch klar wurde, dass VEN null und nichts mit alternativen Währungen zu tun hat.
Habe auch den Eindruck, dass er Bitcoin als Aufhänger benutzt um sein VEN-Projekt bekannter zu machen. Diese CO2-Sache sieht auch eher wie ein Marketing-Move aus, damit das ganze einen "sozialen" Anstrich bekommt.
Habe noch mal gegoogelt und das hier gefunden: Dort ist noch nicht die Rede von CO2 stattdessen steht dort "pegged to the Dollar" was wohl soviel heißt wie an den Dollar gekoppelt(!). Ich schätze das Konzept ist dort entweder falsch dargestellt oder es wurde danach noch mal grundlegend verändert.
http://blogs.wsj.com/economics/2009/09/09/the-currency-revolution/
TL;DR: VEN ist eine zentralisierte Fantasiewährung. Stay way.
Ich habe zum ersten mal davon gelesen, als einer der VEN-Typen irgendwo ein "Interview" zu alternativen Währungsmodellen gegeben hat, wo er auch auf Bitcoin eingehen musste. Der größte Teil des Interviews war aber VEN-Propaganda. Wobei aber auch klar wurde, dass VEN null und nichts mit alternativen Währungen zu tun hat.
Habe auch den Eindruck, dass er Bitcoin als Aufhänger benutzt um sein VEN-Projekt bekannter zu machen. Diese CO2-Sache sieht auch eher wie ein Marketing-Move aus, damit das ganze einen "sozialen" Anstrich bekommt.
Habe noch mal gegoogelt und das hier gefunden: Dort ist noch nicht die Rede von CO2 stattdessen steht dort "pegged to the Dollar" was wohl soviel heißt wie an den Dollar gekoppelt(!). Ich schätze das Konzept ist dort entweder falsch dargestellt oder es wurde danach noch mal grundlegend verändert.
http://blogs.wsj.com/economics/2009/09/09/the-currency-revolution/
TL;DR: VEN ist eine zentralisierte Fantasiewährung. Stay way.
Genau, auf der Rechnung steht nur die Artikelbezeichnung und die Menge ("3x").
Ich schätze die Garantieabwicklung müsste über mich laufen- ich muss unter "Meine Bestellungen" angeben, dass
ein Garantiefall vorliegt, dann bekomme ich dort den Rücklieferungsschein zum Ausdrucken. Den müsste ich Dir
schicken, und Du klebst ihn auf das Paket. Absenderadresse kann dort frei eingetragen werden (das ist jedenfalls
bei dem normalen Rückgabeschein so).
Ich schätze die Garantieabwicklung müsste über mich laufen- ich muss unter "Meine Bestellungen" angeben, dass
ein Garantiefall vorliegt, dann bekomme ich dort den Rücklieferungsschein zum Ausdrucken. Den müsste ich Dir
schicken, und Du klebst ihn auf das Paket. Absenderadresse kann dort frei eingetragen werden (das ist jedenfalls
bei dem normalen Rückgabeschein so).
Hi,
is there a way to withdraw ALL BTCs from Deepbit? I quit mining, and I have still 3.44146594 BTC in Deepbit. That means 0.00146594 BTC will be there forever since I can only cash out the first two decimals.
Since we all agree
that 1 BTC >= 100.000 USD in the future, this is some serious amount of cash...
is there a way to withdraw ALL BTCs from Deepbit? I quit mining, and I have still 3.44146594 BTC in Deepbit. That means 0.00146594 BTC will be there forever since I can only cash out the first two decimals.
Since we all agree
that 1 BTC >= 100.000 USD in the future, this is some serious amount of cash...Mainboard (4xPCIe+CPU+RAM = 90 EUR), PSU (750W, 80+Gold = 65 EUR)
1x CPU AMD Sempron AM3 140 (2,7 Ghz) mit Kühler (boxed)
1x 2GB DDR3-1333 (CL9)-Riegel
(Mainboard-Bundle wurde verkauft für 8,635 BTC!)
Noch zu haben:
1x750W Super Flower Golden Green Pro (80+ Gold).
Netzteil: 65 EUR (Aktueller Straßenpreis ~90 EUR -> http://gh.de/a568325.html)
Originalverpackung und Rechnung (bestellt am 10.6. bei Mindfactory).
Versand per Vorkasse oder Abholung in Berlin möglich.
Bezahlung auch in BTC möglich!
Cool, aktuell werden nur 5.9 Blöcke/h gelöst! Die Hashrate ist sogar zurückgegangen. Leider nicht am Anfang des Vergleichszeitraumes, daher wird es einen leichten Anstieg geben.
Sieht aber so aus, als wären jetzt schon eine Menge Miner ausgestiegen und die Difficulty hat jetzt ein Plateau erreicht.
Verkaufe ja auch gerade mein Equipment. Liegt aber vorallem daran, dass ich meine günstige Stromversorgung zum 1.7. verloren habe.
Sieht aber so aus, als wären jetzt schon eine Menge Miner ausgestiegen und die Difficulty hat jetzt ein Plateau erreicht.
Verkaufe ja auch gerade mein Equipment. Liegt aber vorallem daran, dass ich meine günstige Stromversorgung zum 1.7. verloren habe.
Interessante Sichtweise!
Jedoch wenn alle vor dem handel in btc wechseln und der händler wieder zurück, können sie ja gleich mit Fiat Geld bezahlen...
Jedoch wenn alle vor dem handel in btc wechseln und der händler wieder zurück, können sie ja gleich mit Fiat Geld bezahlen...
Nein, nicht unbedingt, da der Transfer des Wertes vom Kunden zum Händler in BTC viel flexibler abläuft (z.B. bei Auslandszahlungen). Kaum Gebühren, kein Wechselkurs zwischen verschiedenen Währungen, Anonym bzw. Pseudonym wie es hier immer so schön heißt.