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avl42: Price follows gravity. only once we're up to the head in sh!t, then buyancy will dominate...
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Bitenstein: They probably get extra fiat for their trepidations!
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Bitenstein: Dare it is!
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MysteryX: makes sense, they do private sales to the bearwhale every week :D
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Bitenstein: ...Besides to help me make a sub-$300 purchase soon!
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Bitenstein: s2piro, Then why does price keep falling?
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MysteryX: they probably do private sales
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s2piro: keep them internal and only sell a small portion
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Final_Acclaim: MysteryX, Agreed.
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s2piro: Bitenstein, lookup the coinbase ama. They stated that they do not sell the majority of their coins back to the market.
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Bitenstein: Plus Morgan Stanley (-?) keeps manipulating it.
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Bitenstein: There is a demand glut, IMHO.
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Bitenstein: I think everyone has to pay rent in fiat with cryptos, so the price just keeps falling, and the bankers keep laughing at it.
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MysteryX: profit potential holding ltc from stagnant price has always been much greater than btc
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Bitenstein: I can't wait until it gets bubby around here! I mean really, I gotta pay rent~! :-)
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MysteryX: especially for ltc
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MysteryX: Final_Acclaim, yeah, the way I look at it is, these prices are still much higher than before the previous bubble set in, so i'm confident whatever happens to get us in the next bubble we'll go pretty far
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Final_Acclaim: MysteryX, It's the story here and in every nonsense coin thread. It's always a good time to buy, whales are manipulating, the Illumanti sent the purple horse. Fun to watch.
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Bitenstein: If LTC was a lie, I would buy it.
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Kurabye: omg ltc to hell
configmyrig.com build a SCRYPT coin mining rig
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GabbyCoin: suckered start selling
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avl42: btce-price is somewhat overvalued...
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MysteryX: Final_Acclaim, that was trolls getting people to buy their coins to cash out lol
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nomadcrypto: stamp lower than btce?
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Final_Acclaim: Anyone else remember people screaming at $40+ LTC was a great price to get in? Love trollbox. :)
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avl42: after that, my prophecies are rather vague... could continue to $100 or rocket to $1000
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MysteryX: there is more blood to come unless some uber rich people decide to buy at market prices
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avl42: down to $285 ...
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Galbatoryx: btc will raise back to 1300USD but now fall below 340 ..
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MysteryX: lol, yep, you never know these days
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avl42: kewlya, by the time you get your cash back in, price may have risen to $500
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Bitenstein: pegs don't work. LTC should drop the BTC peg!
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kewlya: sold everything at 370 , cashed out 70% of my funds
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avl42: ok, now gaining momentum to follow gravity
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avl42: broderline, zimbabwean dollars...
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Bitenstein: I win troll of the day
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Bitenstein: 1 weekend only!
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Bitenstein: I just thought you people would like to know that for every dollar BTC drops this weekend, my woody gets bigger.
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broderline: All I want for Christmas is 1 million dollars
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Bitenstein: avl42, no worries. Our strategy has passed the stress test
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Bitenstein: All I want for X-mas is an ebola-free stress test
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avl42: Bitenstein, but there might be *some* time between the two points
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avl42: Bitenstein, +1
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MysteryX: would be nice for the bears to give us a high dollar btc xmas
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Botroner: buy 347, sell 250
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Bitenstein: Buy @ $285; Sell @ $1,000. Best strategy evar!
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MysteryX: *was
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MysteryX: that was back when 1gh/s of scrypt has gigantic power
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MysteryX: coinotron were close to 51% of ltc a while back
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Bitenstein: $285 = 2 BTC's for the price of one!!!
Cryptoticker.com - iOS, android, mining tracker app
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pr0zac: I think Deepbit still holds the record time for being the top pool.
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Bitenstein: I will buy, then!
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avl42: Bitenstein, i'm psychic... I see btc fall to $285 yet nobby believes me,,,
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MysteryX: that's true, that's why i like litecoinpool, it's PPS and merge mined with doge
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Bitenstein: Everyone is psychic, they just don't know it.
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avl42: MysteryX, but they paid also for orphaned blocks
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MysteryX: most people stick their asics on a multipool now
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MysteryX: im not surprised the fees were like 8% or something silly lol
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Bitenstein: avl42, I guess that was what I was picking up on. I'm psychic.
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avl42: MysteryX, they don't have pps anymore at all
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Bitenstein: ah, ty
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avl42: Bitenstein, my 400 satoshis/day come from btcguild
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MysteryX: they are still around, their fees for PPS are a lot though
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ducmami: BTC come back 4xx
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Bitenstein: Yeah, btcguild. Are they still around? What happened to them? They were #1 for a long time in cryptoyears.
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MysteryX: or slush's pool
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MysteryX: err btcguild
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MysteryX: prolly gtbguild
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Bitenstein: What was the name of the #1 BTC mining pool a year ago?
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avl42: the eruptor doesn't make a significant difference
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carlossp: Bitenstein, nikola Tesla
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avl42: Bitenstein, my machines run 24/7, anyway
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Bitenstein: I hope electricity is free
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GabbyCoin: buy time
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Bitenstein: lol
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avl42: my eruptor is still hashing away... about 400 satoshis/day
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rxlmx: boot and rally
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Bitenstein: There was a time when USB erupters could pass a hash stress test. ~Oh!
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valobarre: name*
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valobarre: Bitenstein, my son's mae is Darkwallet
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Bitenstein: (I don't really have any kids (that I know about.))
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Bitenstein: I figured my daughter would annoy the hell out of her little brother, so I named her "Stress Test"
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Bitenstein: Ebola exploded during it's stress test
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Bitenstein: buy high sell low
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avl42: Bitenstein, welcomt to the bhsl cycle!
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Bitenstein: MintPal - epic stress test fail.
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Bitenstein: I got one!: I was going to buy some XPM, but it didn't pass it's stress test! :-b
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GabbyCoin: avl42, this chart is pulling in suckers to sell
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Bitenstein: avl42, Silliness reference: "If you build it they will come." https://en.wikipedia.org/wiki/Field_of_dreams
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avl42: GabbyCoin, chart looks like it...
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GabbyCoin: avl42, I don't think so
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avl42: Bitenstein, why would i do that?
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avl42: GabbyCoin, here, soon!
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Bitenstein: avl42, If you raise the price, they will buy
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GabbyCoin: dump , were, when ?
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avl42: maxcarjuzaa, so what if nobby wants to buy high...
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Bitenstein: I can't think of any 'stress test' jokes. :-( 25 European banks failed their's, it was announced this morning.
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maxcarjuzaa: way down
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maxcarjuzaa: i see higher volume in the way up than in the
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avl42: broderline, do a page refresh
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broderline: dxchid, oi
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avl42: pump's show is finished. follows dump!
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broderline: dchid, oi
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4dcoins: hemalv, 10+
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hemalv: fusa, hate to say i said so but there is no crash without bull traps. and this will be the first one amongst many to come ;)
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MysteryX: its the only smart way for a rich person to get a ton of coins without a private sale
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MysteryX: its happened before, only a matter of time
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rxlmx: MysteryX, epic
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MysteryX: im hoping there will come a time when whales scare walls will get bought by some rich bastards unexpectedly
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MysteryX: s2piro, i wasn't saying they're the ONLY reasons, plus you'd be surprised how many farms still buy shit like boxes of power supplies with btc
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CaptainClaw: ^I agree bitcoin will rise to $780
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s2piro: MysteryX, where are you getting your figures from? guestimates? everything I have read so far indicates that payment levels in btc is still low..low enough that the sell off is negligible. Bears = why this market is down, not miners and processors.
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fusa: hemalv, I deny any denial!
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Bitenstein: "Free Hat!"
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MysteryX: free ebola with every block of coins
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MysteryX: lulz
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binaryloop: MysteryX, it bleeds out instead of crashing
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CaptainClaw: MysteryX, I bet you $0.1 it already exists
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MysteryX: *waits for release of ebolacoin*
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CaptainClaw: Fear and panic drives people to BTC =)
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Bitenstein: CaptainClaw, ebola is supposed to significantly benefit BTC
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Bitenstein: binaryloop, There you go! Thanks! Spread the word. Humanity wants 'solutions' from the psychopaths running the show.
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CaptainClaw: Ebola will bring BTC to $10k
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MysteryX: the whales have been fucking around too long and it's annoying
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Bitenstein: There's supposed to be a (dark star?) "flu" coincident with the ebola pandemic this season into winter and for the next 2 years.
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s2piro: and you're telling me every day you are selling off your mined coins?
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binaryloop: Bitenstein, http://www.steripen.com/products/
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MysteryX: s2piro, my understanding is very not limited at all I've been here a long time and have a nice farm myself
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Bitenstein: I guess there are plenty of other UV serilization products out there, and I assume many are commercial. You may want to further research it.
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s2piro: MysteryX, payment processors do not dump THAT much coins each day. Every miner does not sell off their earnings every day. Your understanding of these markets is limited
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btc666: we may see slow organic growth to $550 over the next 8 weeks.
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binaryloop: MysteryX, at a certain price mining is worthless
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binaryloop: MysteryX, as price goes down it starts to become not worth it for them
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CaptainClaw: Bears just want you to sell them cheap BTC. Trust me, I was a bear once.
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MysteryX: yes, but all the big asic farms are still dumping every day, and payment processors
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binaryloop: best way to defeat bears is buy and hold
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nomadcrypto: binaryloop, yup. thats what I am doing. everytime it dips I average down and wait. Well now for me to average down it would have to drop below 330 but I don't think that will happen.
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CaptainClaw: Bitenstein, looks like some sort of clean freak OCD scare product
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binaryloop: why do all these bears want it to fall? they're shorting. betting it will go down to make money.
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Bitenstein: If you have the power, make your own devices, and tell everyone about these principles!!!
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CaptainClaw: It might touch $650 but there's no point.. it will go back down to $340
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Bitenstein: Here is a UKmail article on apparently the same technology: http://www.verilux.com/learn-more/healthy-cleaning/
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binaryloop: or... just buy and hold. wait for 600+ again
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CaptainClaw: Yeah it'll go to $380 but it will be back down to quickly there's no point
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Bitenstein: Here is apparently a set of products: http://www.verilux.com/learn-more/healthy-cleaning/
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CaptainClaw: retest $380 and then back down don't be fooled and buy into this bulltrap..
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Bitenstein: "IM data sets are showing that a [UV sterilization product (wand? hand held)] will be the [next BIG thing] in technology"
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s2piro: trollbox? :/
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Bitenstein: Besides my comments, yesterday, where I didn't really understand how light even could be used, we find that the solution has also been independently verified by predictive linguistics...

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