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Showing 20 of 64 results by jerkoff
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Topic
Board Altcoin Discussion
Re: [FTC] Free FeatherCoin Giveaway for Everyone! Over 500 coins left to give away!
by
jerkoff
on 02/12/2013, 21:05:00 UTC
6zG3pZ53WguJXnV5ZgFiA3NQb19VaszXcy

I would be happy to get some
Post
Topic
Board Speculation
Re: And now - the sucker's rally
by
jerkoff
on 19/04/2013, 20:56:17 UTC
People should give Clinton more credit, in the middle of rapidly rising debt, his second term actually was in the black and didn't raise the deficit at all. Then Bush Jr. came along and blew it all to hell.

The question is, is it bad ? Now that they can borrow against 0% interest, it's not as bad as when you got 10% on short term bills.
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Board Speculation
Re: Irrational
by
jerkoff
on 19/04/2013, 20:52:25 UTC
price represents the balance between the psychology and emotions of participating parties as a whole. Price goes too high, people stop buying and others sell. Price drops lower and buyers that previously thought it was too high become active. Of course there is also a time factor, people look at the short term and are have forgotten the $30 price of february, and will soon forget the $260 high.
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Topic
Board Speculation
Re: R.I.P. double digits
by
jerkoff
on 19/04/2013, 20:37:49 UTC
Real investors/traders know that managing trades is the key to financial gain.

Amateurs and bad traders only focus in trying to predict the future, crystal ball style, with bold statements while pumping their chest. It almost always ends badly because they convince themselves they're right, so they hold on to losing positions forever until they turn positive again, until that one trade that doesn't and wipes them out.
Post
Topic
Board Altcoin Discussion
Re: FeatherCoin - Giveaway
by
jerkoff
on 19/04/2013, 19:47:04 UTC
6rjPZanBNBP9ZmmCQ5egHvKRtzBwSosXGT
Post
Topic
Board Announcements (Altcoins)
Re: FeatherCoin - New Litecoin based coin
by
jerkoff
on 19/04/2013, 19:43:44 UTC
is solo mining this with 5 khash/s feasible or am i just wasting my time here ?
Post
Topic
Board Altcoin Discussion
Re: FeatherCoin - Giveaway
by
jerkoff
on 19/04/2013, 14:51:54 UTC
6zG3pZ53WguJXnV5ZgFiA3NQb19VaszXcy
Post
Topic
Board Announcements (Altcoins)
Re: FeatherCoin - New Litecoin based coin
by
jerkoff
on 19/04/2013, 14:04:29 UTC
Can you mine with the built-in mining in the windows client ? Or do you need to set up external mining software ?

My address is 6zG3pZ53WguJXnV5ZgFiA3NQb19VaszXcy if someone is feeling generous, send me some coins please to see if it's working right.
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Topic
Board Speculation
Re: Both Bitcoin-24 and Mtgox having problems in the EU
by
jerkoff
on 19/04/2013, 13:37:26 UTC
There are many laws in most european countries regarding financial services, banking, investment advice, anti-money laundering rules, lots of regulations to observe.

There's a reason why so many Forex brokers are located in Cyprus, Malta, Jersey (islands, not USA), lax rules and bribing opportunity.

Just because you're young, run Linux, know php and want to do something means that you can just ignore all regulations. It doesn't impress the authorities if you build things like banks and trading platforms and start taking and paying money from all over the world, they'll be on your ass as soon as they find out about it.
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Topic
Board Beginners & Help
Re: How long until I can post outside the newbie area?
by
jerkoff
on 19/04/2013, 13:13:35 UTC
Just watch your own name on a recent post. If it says "Jr. Member" then you are free to go into the other areas.
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Topic
Board Speculation
Re: Has anything fundamentally changed?
by
jerkoff
on 14/04/2013, 14:17:04 UTC
Has anything fundamentally changed with Bitcoin in the past 72 hours?  The last time I checked, MTGox was signing up 20,000+ people a day, and our biggest problem was that people can't get coins fast enough.

They could be either people willing to bring USD to the site to buy coins, or they could be all the people holding the 10 million of passive coins wanting to sell them. The second seems more likely to me.
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Board Speculation
Re: How much have Winkledouche twins lost so far?
by
jerkoff
on 14/04/2013, 13:54:32 UTC
they bought $10mln worth of BTC a few days ago, its down to $93.XX

somewhere over $1.5mln range?

No... http://www.zerohedge.com/news/2013-04-11/winklevoss-twins-revealed-owning-1-all-bitcoins
The brothers began dabbling in bitcoin last summer when the dollar value of a single coin was still in the single digits. In addition to the purchase of bitcoins, they also say they have invested in a bitcoin-related company, but declined to disclose which one. The currency itself exists as a string of letters and numbers. In order to keep their holdings secure from hackers, they have taken those codes off networked computers and saved them on small flash drives. They said they have put the drives in safe deposit boxes at banks in three different cities.

So they bought for single digits a year ago, and now hold those coins in cold storage and do not trade them

Just because some trolling teens shout that they caused the crash, were the ones buying/selling doesn't make it true. Look at all the replies here, all of those above are just guys inventing something the moment they type, and then passing it off as fact.
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Board Speculation
Re: The Flocks are unloading their Coins Massively
by
jerkoff
on 12/04/2013, 12:26:19 UTC
If the trend is down, there's nothing wrong with selling now and buying back cheaper later.
Amateurs however just can't do it, when they see the chart they always fear the price recovering after they sell, so they get paralysed and can do nothing but sit and wait.
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Topic
Board Service Discussion
Re: where can i find reliable charts since bitcoincharts is down most of the time..
by
jerkoff
on 12/04/2013, 12:12:29 UTC
http://bitcoin.clarkmoody.com/

Realtime mtgox data, graphs, executed trades and the order book, very useful.
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Topic
Board Service Discussion
Re: Mt Gox - Some trading bots are out of control spambots
by
jerkoff
on 12/04/2013, 12:02:16 UTC
Someone is trying to manipulate, but it's not working. They enter 100 of those 0.01 trades, and then they get filled by one order of 1 coin, split into their 0.01 amounts and sold in a second, and those big block orders of hundreds of coins are more important.
Post
Topic
Board Beginners & Help
Re: [POLL] Healthy Exchange Minimum Order Size
by
jerkoff
on 12/04/2013, 11:59:09 UTC
Automation is normal and healthy for any exchange.
If it slows it down or clutters the book, they should just get better hardware. More limit orders provides more liquidity.

If they do have problems they could try limiting on a per-user base, if they enter many 0.001 orders on the same price, just bundle them into one order, or limit api users to one order per second, that should help.
Post
Topic
Board Economics
Re: Bitcoin: The Scamming
by
jerkoff
on 12/04/2013, 00:13:10 UTC
So here I am reading my Economics books... and its hits me...

How to double my lifesavings.....

1. Buy 10,000 BTC at $10-12 prices 6 months ago
2. Create many many many many Wallets
3. Sell BTC and ever higher rates using the exchanges to inflate BTC value
4. Wait for something major to happen that causes a finical panic
5. Once inflated to where ever I SELL.... (since in theory I am controlling the market)
@$100 USD I just Made my savings go from 100k to 10mil... all in the span of 3 months BTC trading(better then a Ponzi scheme)?
6. Rinse and repeat
Can anyone tell me how this might be stopped? If this theory might be correct? Better ways to pull it off?

You should read that economics 101 book again a few times, there are a lot of flaws in your reasoning.
Step 2 seems unneccesary, you could have all coins in 1 account on mtgox and achieve the same.
The big flaw is of course step 3. Selling would depress the price, price only rises when people want to buy more coins than the sellers want to sell at that price, the sellers sell out at say $131 and the price goes up to $132 where there are more sellers.
Step 4, why would you need that ? You'd be more profitable selling it all on the uptrend, when it went from $200 to $250 than waiting for a crash.
Step 5, if you want the price to go up while you sell, you want to avoid controlling the market, not control it. And how do 10K coins turn into 10 million without the price reaching $1000 ?

Your whole plan is based on the price booming into the sky caused by the actions of others, something which you cannot predict. In fact this is what almost all stock investers are trying, buy low, sell higher, and since nobody knows the future, a lot fail.
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Board Speculation
Re: Are we Emperors without clothes?
by
jerkoff
on 11/04/2013, 23:56:32 UTC
You haven't lost anything until you sell for less than you paid.
That's what I love about the bitcoin craze. So many new people new to investing, and of course they're all going to make the same beginner's mistake, use false logic. It's like 2000 all over again, when the prices of tech stocks stopped going up. Forums full of people trying to verbally muscle others because everyone had a 100% sure belief about what the future would bring.
What you say is universally recognised as naive and false, all the books/courses etc. about investing warn against thinking like that. Combined with "sell quickly if you make a profit, keep holding if you have a loss until it goes back to break even" is a good reason most beginners lose their shirt in the stock market.
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Topic
Board Speculation
Re: Youre Being Lied too (crash)
by
jerkoff
on 11/04/2013, 23:42:54 UTC
A price is nothing but sentiment that represents a balance between what people are willing to pay to buy, and what they are willing to receive to sell.
You say 'a crapload of coins', while I see your list of 0.02 orders in between the real ones of 100+ coins, that's not a crapload. If you put a load of trades in between blocks at 173 and 174, all it does is go from 174 to 173 smoothly, if they weren't there a sale of one coin would just go straight from 174 to 173.
Post
Topic
Board Bitcoin Discussion
Re: Impressive bitcoin one liners for non bitcoiners
by
jerkoff
on 11/04/2013, 23:35:14 UTC
"I believed in bitcoin, but then I got bitconned."