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[Official] BitCoin LiteCoin DigitalCoin and all Crypto Currencies Club And General Information Thread - Page 1393

post #13921 of 22896
Quote:
Originally Posted by incog View Post

Just curious, my guiminer shows me I have a certain hashrate, but the pool I'm working out sometimes shows more or less. in this case, consistently more. why?

Oh and why is % higher than 100 red? http://i.imgur.com/ZEinVf4.png

look at the expected vs actual shares. eg expected 300000 actual 1200000 so its %400. its how many shares are submitted to find a block compared to how many there should be based on the difficulty. its a measure of luck.

pool hashrate is based on nothing but share rate. if all of a sudden 10 blocks are found in two minutes, chances are there isnt enough time for you to submit a share before you work on a new block. therefore the pool registers a low hashrate.
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post #13922 of 22896
Quote:
Originally Posted by DiGiCiDAL View Post

Just for some perspective thanks to last month on BTC-e:



Granted, the fallout isn't necessarily over - but we're still well within the margin on the current downward trend. Based on the combination of technical and emotional factors I don't see the bottom happening until at least $450 and possibly lower... but there's a big difference between going from $645 to $510 in a few hours and going from $800 to $115 in a few minutes. Of course, there were many that were sitting on piles of fiat that made the flash-crash exactly that... and a few were lucky enough to gobble up every single BTC dumped at those low prices - so equilibrium returned quickly.

There has been some time that people have been able to withdraw fiat from Gox... and I know many who did so. Some of that money has already found it's way onto bitstamp, BTC-e and others... Huobi just moved back into uptrend territory... and if the Chinese aren't selling but rather buying - then you know it's not going to die any time soon. biggrin.gif

I'd argue that that "downtrend" was Gox pulling prices down as it tumbled from 900 down to 100 over the course of a month. If you compared the graphs, a lot of the major drops were caused by massive selloffs from Gox which spread doubt in bitcoin and thus pulled the other exchanges down. With Gox out of the picture, I expect a nice correction back up to $600 by probably the end of the week if not next week.

Don't quote me on that but I bought a few coins coins last night with that expectation.
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post #13923 of 22896
Quote:
Originally Posted by Syan48306 View Post

I'd argue that that "downtrend" was Gox pulling prices down as it tumbled from 900 down to 100 over the course of a month. If you compared the graphs, a lot of the major drops were caused by massive selloffs from Gox which spread doubt in bitcoin and thus pulled the other exchanges down. With Gox out of the picture, I expect a nice correction back up to $600 by probably the end of the week if not next week.

Don't quote me on that but I bought a few coins coins last night with that expectation.

I wish you good luck on your bet, after all, it's all about being lucky or not tongue.gif
post #13924 of 22896
In fact, we're up $100 since I bought in last night. The upward correction might already be starting.
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post #13925 of 22896
Quote:
Originally Posted by Syan48306 View Post

I'd argue that that "downtrend" was Gox pulling prices down as it tumbled from 900 down to 100. If you compared the graphs, a lot of the major drops were caused by massive selloffs from Gox which spread doubt in bitcoin and thus pulled the other exchanges down. With Gox out of the picture, I expect a nice correction back up to $600 by probably the end of the week if not next week.

Don't quote me on that but I bought a few coins coins last night with that expectation.


completely. as far as im concerned Gox is the cancer thats killing bitcoins. its not the biggest exchange, so why does it control the prices?
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post #13926 of 22896
Quote:
Originally Posted by Abs.exe View Post

I wish you good luck on your bet, after all, it's all about being lucky or not tongue.gif

Fair enough, I'll admit it's nothing more than a bet and gamble but I'm honestly pretty happy about Gox going away, I'm willing to try my luck. thumb.gif
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post #13927 of 22896
Quote:
Originally Posted by Syan48306 View Post

Fair enough, I'll admit it's nothing more than a bet and gamble but I'm honestly pretty happy about Gox going away, I'm willing to try my luck. thumb.gif

IMO worse case scenario you lose a few hundred $ and that's it. Best case scenario, you wake up in 4 years with $32 000 000 worth of various coins lol.
That's why I'm stacking everything I can without looking at the current market, because all that matters to me is in 3-8 years from now.
I keep mining, I eat the electricity bill and wait lol
post #13928 of 22896
Quote:
Originally Posted by jdc122 View Post

completely. as far as im concerned Gox is the cancer thats killing bitcoins. its not the biggest exchange, so why does it control the prices?

Between bots trading based on what other exchanges are doing, people are also trying to anticipate what the market is going, everything gets intertwined.The exchanges are separate identities and MtGox being one of the smaller exchanges, but it still has an impact on other exchanges. Bots try to anticipate the people and people try to anticipate the market thus when Gox takes a $100 dollar plunge, you get a knee jerk reaction that should not have occurred at all. Expectation and speculation causes all of the exchanges to affect each other since bitcoin trading is all based on speculation anyway.
Edited by Syan48306 - 2/25/14 at 8:19am
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post #13929 of 22896
Quote:
Originally Posted by Syan48306 View Post

Dunno about you but I bought a handful of coins at $430. I'm actually happy Gox is dead. It's been really hurting prices lately.

I would not buy any bitcoins ever lol, why would I when I can mine for them?

the market is so volatile to & well I would sooner spend my money on something physical like silver/gold/platinum as an investment than virtual currency rolleyes.gif

looks like that $400 dip was the worst of it tbh. idk but it should recover now hopefully?

needs a day or two now to see if that downward spiral is over lol. it could just as easily turn again with any more fiascos.

Is anybody having problems with BTC-E, also has anyone on coinex had to password reset?

ive been riding the Smartcoin pump, but for some reason I couldn't log in just now? had to pass reset! Strange?

thumb.gif
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post #13930 of 22896
Quote:
Originally Posted by korruptedkaos View Post

I would not buy any bitcoins ever lol, why would I when I can mine for them?

the market is so volatile to & well I would sooner spend my money on something physical like silver/gold/platinum as an investment than virtual currency rolleyes.gif

looks like that $400 dip was the worst of it tbh. idk but it should recover now hopefully?

needs a day or two now to see if that downward spiral is over lol. it could just as easily turn again with any more fiascos.

Is anybody having problems with BTC-E, also has anyone on coinex had to password reset?

ive been riding the Smartcoin pump, but for some reason I couldn't log in just now? had to pass reset! Strange?

thumb.gif

Mining them is still paying for them, you're just taking longer to do so. Power bills and such.
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