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It is going to be funny when that crashes.
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Apr 3, 2013 20:53
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Jesus christ I check bitcoin prices every couple of weeks, what the gently caress?
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Apr 3, 2013 21:04
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nebby posted:Jesus christ I check bitcoin prices every couple of weeks, what the gently caress? Bunch of hedge fund guys are running it up.
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Apr 3, 2013 21:18
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nebby posted:If you are sure it's not net network, then yes, it should be pretty instantaneous unless you are doing something ridiculously complicated. You probably have some extremely nested loops, which will blow up the complexity of your algorithm and cause it to run slow:
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Apr 3, 2013 21:22
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nebby posted:Jesus christ I check bitcoin prices every couple of weeks, what the gently caress? Conincides with the Cyprus debacle. Rich Russian oligarchs moving money into bitcoins? I mean sure the euro is a mess but bitcoins... wow
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Apr 3, 2013 21:36
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COUNTIN THE BILLIES posted:Conincides with the Cyprus debacle. Rich Russian oligarchs moving money into bitcoins? I mean sure the euro is a mess but bitcoins... wow
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Apr 3, 2013 23:33
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Within 3 months, there will be a Bitcoin heist of epic proportions.nebby posted:To be honest it would be extremely nice if bitcoins were actually a nice alternative to gold as a hedge against fiat currencies. But it's such a speculative bubble I won't go near it. I mean Bitcoins could work if it were actually a viable scarce commodity (what happens when they get a competitor "currency"?) or they were remotely safe (the history of the "currency" is fraud/theft/illegal use). Arkane fucked around with this message at 00:12 on Apr 4, 2013 |
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Apr 4, 2013 00:09
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Arkane posted:Within 3 months, there will be a Bitcoin heist of epic proportions.
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Apr 4, 2013 00:11
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Arkane posted:Within 3 months, there will be a Bitcoin heist of epic proportions.
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Apr 4, 2013 00:19
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There are some great some blog posts and articles about bitcoin out so far, people should check them out https://medium.com/money-banking/2b5ef79482cb http://ftalphaville.ft.com/2013/04/03/1446692/when-memory-becomes-money-the-story-of-bitcoin-so-far/ http://ftalphaville.ft.com/2013/04/03/1425292/the-problem-with-bitcoin/
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Apr 4, 2013 00:28
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Are there bitcoin derivatives yet?
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Apr 4, 2013 00:31
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If we are talking about bitcoin it has certainly peaked. There were some GBS threads about how lax the security is on their site so if goons are in on it you know what that means.
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Apr 4, 2013 00:35
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evilwaldo posted:If we are talking about bitcoin it has certainly peaked. The GBS Bitcoin thread got closed because some dumbass goon accessed someone else's account on some third-party Bitcoin "vault" site (by typing their username into the URL) and transferring Bitcoins out.
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Apr 4, 2013 01:11
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nebby posted:To be honest it would be extremely nice if bitcoins were actually a nice alternative to gold as a hedge against fiat currencies. But it's such a speculative bubble I won't go near it. I'm not clear how bitcoin isn't itself fiat currency. What collateral is it backed by? R.A. Dickey fucked around with this message at 02:49 on Apr 4, 2013 |
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Apr 4, 2013 02:42
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R.A. Dickey posted:I'm not clear how bitcoin isn't itself fiat currency. What collateral is it backed by? I believe the Bitcoin Central Bank's most valuable asset at the moment is the Ron Paul blimp.
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Apr 4, 2013 02:55
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Bitcoins have already had a boom/bust a few years back, but this is nuts. There's been a lot more press around them lately, and the number of ways of exchanging them for cash and goods has also been rising. In my youth I used to play some text-based fantasy games.. some of them are still around, and there's a glut of curremcy but some people still pay more than $1000 dollars for some code that represents great armor or whatever. The collateral is the willingness (or stupidity) of those involved. (e: I was being sarcastic about using this thread as a reference.) Turkeybone fucked around with this message at 03:08 on Apr 4, 2013 |
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Apr 4, 2013 03:06
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R.A. Dickey posted:I'm not clear how bitcoin isn't itself fiat currency. What collateral is it backed by? Computer servers.
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Apr 4, 2013 03:11
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R.A. Dickey posted:I'm not clear how bitcoin isn't itself fiat currency. What collateral is it backed by? The full faith and credit of the internet.
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Apr 4, 2013 03:16
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R.A. Dickey posted:I'm not clear how bitcoin isn't itself fiat currency. What collateral is it backed by? Through the magic of libertarianism this somehow makes fiat less valuable than non-fiat.
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Apr 4, 2013 03:41
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Bitcoins are mined much like gold, therefore it is like gold.
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Apr 4, 2013 04:12
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backed by weed, coke, MDMA, and heroin....
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Apr 4, 2013 04:41
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Foma posted:backed by weed, coke, MDMA, and heroin.... I heard that for Bitcoins. Would not surprise me in the least. Supposedly this is one of the ways to get money out of Cyprus as well along with a number of other scams. Businesses with London addresses are now billing from there instead of Cyprus. The foreign business now collects the revenue and pays the bills while the Cyprus address becomes a pure cost center. I honestly would not go anywhere near Bitcoins right now. When that crashes it will be ugly.
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Apr 4, 2013 04:47
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They were talking about bitcoin on bloomberg radio this morning. I thought I had taken crazy pills. They also said there was a bitcoin ETF. I'm pretty sure there isn't. 
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Apr 4, 2013 15:32
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pr0k posted:They were talking about bitcoin on bloomberg radio this morning. I thought I had taken crazy pills. You can poke that bubble.
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Apr 4, 2013 15:41
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Autism Kroners
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Apr 4, 2013 17:49
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Holy crap what a crazy day it has been in the Forex market....... multiple pairs making over 200 pip moves.
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Apr 4, 2013 19:14
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asmallrabbit posted:Holy crap what a crazy day it has been in the Forex market....... multiple pairs making over 200 pip moves. ugh, I got slaughtered trying to get short the EURUSD during the ECB press conference and barely made it back to breakeven for the day. In case anyone's wondering: the stove is still hot, so don't touch it. Again.
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Apr 4, 2013 19:36
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Amun posted:ugh, I got slaughtered trying to get short the EURUSD during the ECB press conference and barely made it back to breakeven for the day. In case anyone's wondering: the stove is still hot, so don't touch it. Again. I missed out on at least half the moves of the two pairs i trade and even then they were good for me. It was crazy after the BOJ announcement yesterday night. Move of like 80 pips in under a minute.
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Apr 4, 2013 20:00
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I noticed a lot of talk on Tesla motors a few pages back, so I am sure this has come up previously, but what are your thoughts on Musk's other company SolarCity (SCTY). One of my engineering buddies is a huge SpaceX, Tesla, SolarCity, et al. fan, and just started investing in SCTY. I've been curious about the solar power market in general behaves, as SCTY seems to fluctuate pretty significantly without any major announcements to accompany the changes (e.g. higher efficiency of solar cells used bumps the price up). What are your thoughts?
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Apr 5, 2013 02:18
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Volatility FINALLY feels like it's coming back. Thanks NFP!
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Apr 5, 2013 16:35
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What a crazy week 2nd week of live forex trading. Started out small, was up $100 on my initial deposit of $1000. Then I made a whole bunch of mistakes and bad decisions when I really should have known better from demo trading. It had nothing to do with actually using real money, was just not following my own style. Ended up down I think $500 or close to it in a couple days. Rode the crazy wave from the announcements this week and used my second deposit of $1000 to dig myself out of the hole I had made and started figuring out what really worked for me and what didn't. I initially thought I was going to follow more of a swing trading style, looking at mostly 1 hour and 4 hour charts, with smaller ones for entry. However I found using the 1 minute, 5 minute and 30 minute charts, even for longer trades works better for me. Ended the week up $968, trying not to think about the chances that I missed by being too cautious at times, I likely could have doubled that....
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Apr 5, 2013 20:28
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Amun posted:Volatility FINALLY feels like it's coming back. Thanks NFP!  we haven't done over 1.5M volume in a while.
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Apr 5, 2013 20:33
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asmallrabbit posted:What a crazy week 2nd week of live forex trading. Started out small, was up $100 on my initial deposit of $1000. Then I made a whole bunch of mistakes and bad decisions when I really should have known better from demo trading. It had nothing to do with actually using real money, was just not following my own style. Ended up down I think $500 or close to it in a couple days. Rode the crazy wave from the announcements this week and used my second deposit of $1000 to dig myself out of the hole I had made and started figuring out what really worked for me and what didn't. Be happy you made money. Forex trading is a cruel mistress that can eat you up and spit you out in a minute.
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Apr 5, 2013 21:01
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asmallrabbit posted:down I think $500 asmallrabbit posted:up $968 You're trading a bit big for your account size, don't you think? 50% drawdown to nearly 50% run-up is a heckuva swing.
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Apr 5, 2013 21:54
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Amun posted:You're trading a bit big for your account size, don't you think? 50% drawdown to nearly 50% run-up is a heckuva swing. asmallrabbit posted:I'm really not seeing this at all on my demo account which is why I want to try with a real account and see how it goes. With approx $1000 margin I've been making about 100ish a week fairly consistently when I was originally aiming for an extra 100 a month. asmallrabbit posted:And where did I say that my goal was 300% a year? Just going to leave these gems from this same guy earlier in the thread...
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Apr 5, 2013 22:04
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koolkal posted:Just going to leave these gems from this same guy earlier in the thread... So much for this only being "disposable income." Pretty sure this dude will be wiped out in a few months. Why not just fly to vegas, at least there you get to drink for free.
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Apr 5, 2013 22:42
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I'm convinced it is an elaborate troll.
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Apr 5, 2013 23:01
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Amun posted:You're trading a bit big for your account size, don't you think? 50% drawdown to nearly 50% run-up is a heckuva swing. Yup. *shrug* I was doing 20 000 units with 1k margin, I am comfortable with it for now. Made a second deposit of 1k as the first 1k i was going to deposit was locked in the USD account i had created for it for a few days. So I took the initial one from my regular account instead, then moved the other one over after. Once the second deposit came in I had some fun trading a standard lot for awhile. I've since decided to go back down to 20000 units again. Leave the gems all you want, I might very well blow the account, but at least it will be entertaining for you guys if I do. In the meantime I'm going to continue on.
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Apr 5, 2013 23:01
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nebby posted:The best is "used my second deposit of $1000 to dig myself out of the hole." The 2nd deposit was already being transferred before those losses actually, I didnt move it to get myself out. I was going to move it anyways.
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Apr 5, 2013 23:05
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asmallrabbit posted:The 2nd deposit was already being transferred before those losses actually, I didnt move it to get myself out. I was going to move it anyways. I don't believe in the efficient market hypothesis but I also don't believe that you can get 100% yearly returns without either a) being able to predict the future or b) taking on enormous amounts of risk.
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Apr 5, 2013 23:26
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