Hello 115 

Seeing Bitcoin go down makes you all happy?

Why would you cancel it now if you put up a bid? Did you expect to get it filled without the market tanking?  

So in essence your strategy is "buy high, sell low"?

It looks like an attempt to sell just to make Bitcoin prices lower.

Honestly though, who is selling right now? Who has been in this long (assuming they have) and doesn't just want to sit back and watch?

One interesting part in those two last moves downward was that it wasn't stopped by buyers.

The resistance were broken one after another, but the sellers simply stopped selling.

115 been broken and they arreted to sell at this point.

edit: not broken but the 4k wall on 115 have been eat completly and then they stopped

Look at that support we had at 120. Looks like a bear tried and failed AGAIN.

why?

because

A - big players already dumped? So if they did already they naturally would do it again.
B - because there is some real deep reason to be dumping right now that we don't know about?
C - just for jokes

or

D - because they think bitcoin is a fad and it's not on fire anymore, only a bubble: http://www.youtube.com/watch?v=A7TuFy0fcuw&hd=1

or

E - because they believe lucif and the general "look at the 2011" past crew and expect a long downtrend despite whatever might be "different this time" https://bitcointalk.org/index.php?topic=131065.msg2352736#msg2352736

or

F - something that I've clearly forgotten

you missed my point, I'm asking what their motivation might be for dumping in the first place.

Some people are buying at current price (~$123.5) , while the bids are almost non-existent until $120?! 

your homework bulls

http://www.chartpatterns.com/flagsandpennants.htm

have fun

Would you mind drawing on the chart? I don't really see a flag or pennant.  

And on the log chart its even more obvious:

It doesn't make much sense, most of the orders won't get filled unless the wall is broken through, and why would anyone want to sell at the beginning of a breakout?

But I still think Bitcoin is currently overvalued. 

That canard doesn't become truer just by repeating it over and over, y'know.

So how about the 100 dollars for $50? How about the gold and silver coins? Lets add a bank transfer: If you give me $50, I will send you $100. I will even send them first if you insist.

yeah good luck. How many stores don't take $100 bills? How often have you been offered a "real gold chain/coin/whatever" for a hell of a bargain? How many people try to cash out on their hacked bank accounts? Let me guess: you were heavily invested in Pirate@40

Namecheap is an ICANN-accredited domain registrar and web hosting company, based in Los Angeles, California. They claim to have over 3 million domain names under management and more than 800000 customers.

Alexa rank: 1025

lucas.sev got in a funny-looking delorean in 2011 and showed up here.
Now, like a bewildered Marty McFly, he's looking around in disbelief.

Just because Amazon, Wal-Mart, and the IRS don't accept bitcoin yet doesn't mean we're still riding on Silk Road's coat tails.  

It's kinda like those jackets that dry themselves and the hovering skateboards... this is the fuuutuuurrree , luke.sev... the fuuuuuttuuurrrreeeee

Ah yes, I see the Bitcoin, bible thumping, delusions continue.  

"Silk Road, no.  We have a bunch of legitamate businesses."

"Oh really?  Which ones?"

"Umm...well...we have a bunch of VC money coming in."

 

Bitcoin the currency commodity. Great for speculators and dope dealers.  

I completely missed this earlier, and just noticed it now, but this still counts as support, right?

5$ drop bear, 5$ rise bull ?

120 still holding.

The Silk Road talk is so '2011ish. Came on. People sees that there's much more in BTC, besides of the fact that real economy is still reduced and that it's very speculation driven.

This baby needs to grow a little bit, but it's unstoppable.

You expect too much.

How did you even get here with this level of understanding of bitcoin?

Excluding political arguments, I see no reason right now. Hence most proponents are hoarding and waiting for the next bubble. And it will probably come. I am not a techy, but my limited understanding leads me to accept that the technology behind it is 'genius', but right now, as a currency ... meh ... it isn't one. It's a speculative investment. Nothing wrong with that ...

I think the SR argument is wearing a bit thin now though  ... I do not believe that BTC would fail without SR

PRO TIP:  Do not buy into the Sell Wall.  It is designed to bleed money from the bots.

It IS almost totally in speculators/innovators/early adopter's hands already ...

The volatility bots assume that the price will hover around a certain running average.  When they see it dip above or below they are programmed to buy/sell accordingly.  If you want to unload a very large number of BTC the optimal strategy is to stabilize/inflate the price with a buy wall for a bit (artificially lowering volatility), wait for the sell orders to build up above you, then sell into them.  This will cause some slippage, but by putting a sell wall midway through your big sell the volatility bots will trade into it (incorrectly thinking it's just a momentary fluctuation).  That way you sell 20K BTC from, say 119 to 117, and another 5K at 118.  ...this maximizes your selling revenues.

Yes, sorry: buy orders.  I always get confused between buying and selling...

This applies to a lot of people, IMO, including me. There is absolutely zilch that I would use bitcoins for, since it is far more convenient (and safe, considering the short time bitcoin vendors have existed) to use fiat, with the exception of Silk Road. Re Silk Road, however, I can find better drugs for much cheaper, and fuck drugs in mail, so that's no go either. So I am here strictly for speculation. So I wonder..... what do we see among the speculator population if we see months of sideways trading, or a long slow downslide?

Eventually it will become valuable and adopted enough to be stable. At that point it will be a flourishing economy. Just look at liberty reserve and similar payment systems. They are doing great, without people like you. But I think bitcoin can even work for people like you, eventually, but we are many years off.

Wall gone, nom nom

Oh wow, there's even a trollbox, like BTC-e.

I don't know where you're living I'm relatively sure you're not affected by ongoing crisis in any way,
don't have relatives that were scammed by banks, didn't get your bank account seized or haven't even thought about the flaws of a centralized currency in combination with a f***ed up financial system.

just keep on seeing the whole thing as some highrisk investment with real good profits perhaps you will realize the other side of the coin in the future.

University will hopefully open your eyes some.

We might be in the early phases of the slow long slide.

I am talking about months here, if it happens.

Interesting notion ...

During this transition to ASIC mining technology, one entity - ASICMiner - has a very large share of mined coins. Perhaps they have more motivation to sell than the multitude of individual GPU miners that have been effectively replaced.

Lots of slippage when the dump occurs. There are well known techniques to slice orders and time them for more efficient executions, e.g. wait for bids to fill back in.  Why don't dumpers use them?

i don't think 105 will be tested today,  maybe next week...

i have a filling my bids not getting filled this time, oh well back to work...

I enjoy reading your posts Rampion. You were talking about this the other day and I think I was split. There is a part of me that just doesn't want to trade out of something I believe in. Do you know what I mean?
But on the other hand, I'm thinking "Hey, maybe I can get more of what I believe in". And then there is the Angel over my shoulder saying "Don't be greedy, if BTC is successful, you will only need one." 

Bought all back in at $112......wondering if I made a mistake.  Obviously missed the bottom, but was that just a false bottom?

Wall around $105 is now 11k.  

One big order for 6k and another for 2k.

why not?

i guess using ltc is an option for doing alot of super micro tx

the reddit bot is another good thing people can use, the bot can make miro tx between reddit users for free....

I guess you need to read more and educate yourself, because you are not getting BTC's point if you think that not being ideal for fast micro-transactions is a flaw. Again: it was not designed with that in mind. The problems it solves are different, and deeper.

In other news we're still in the 109.9999 area.
Weekend is on and Bulls and Bears are already wasted.

But , there is still hope , remember what happend last Sunday morning?  

I wonder what will happen if that 105 wall gets pulled 

up Up UP! 

BBC One in UK has just had its first feature on bitcoin on its technology section.

Seemed to be fairly impartial -mentioning many benefits of bitcoin but also silk road association.

You know, what confuses me about this drop, is it doesn't appear to be triggered by anything.  I've been a firm believer that we would retest our lows in the 60-80 range at some point, but I always assumed it be triggered by some major news event. How sick would it be if this was the ultimate bear trap.  Shake all the weak hands and run it up to 500.   

When will people get over the fact that people buy drugs with Bitcoin. JUST like any real world money.

Really? I'm pretty sure that 99% of the drug dealers out there prefer real money.

I find it easier to pay for some things with Bitcoin than fiat. It only takes a couple of clicks.

The key is how you buy the bitcoins. I happen to have some, so it's easier. Buying them is also still relatively easy. If I had to wire money each time, it wouldn't be worth it.

In terms of *receiving* money, I'd rather have BTC (for the aforementioned reason) than USD or other fiat, and prefer BTC over PayPal or other reversible payment methods.

It's still small, but the potential is there. Try to look into the future a bit.

The case for continuing downtrend:

The whales are not buying back. There is no buying pressure.

The price is hovering around 110 with low volume just like previous support at 120.

Another big dump comes in at 105 and all hell break loose.

Hello 100 and double digits..

I'm all in and I don't give a shit. I will fall and raise with BTC 

The 1H chart is a little worrisome, it might go down to 117 or 116 before it becomes oversold.

Sorry, 107.

$70 by Wednesday. Then a nice steady rise to $100 again.

4H chart update, oversold and multiple cross overs:
https://www.tradingview.com/

If those lines at the bottom go below or above the middle area, it is oversold or overbought. The MACD is a little different, if it goes above the pink pink area it is bullish, if it is below that pivot point, it is bearish. If the two lines cross, then it might be a change in trend also.

Usually if two lines cross, then touch the middle area, that's a change in trend signal.

The pink area on the MACD is volume. If it's above the pink pivot then it's more bought, if it below then it is more sold. They tend to be curvature.

The BB %R takes in account the bollinger bands and the %R, when it bounces off of the walls.

At times one or more of these indicators can be misleading.

Very jagged walls like that imply ownership by a single person. Fake or real is not really the issue imo; it means buy support can suddenly disappear at the whim of a single market participant.

It was eaten for more than half its size. I don't think it's fake.

But it's getting smaller by the second...

Well I just bought in at 108. Let's see what happens.

You might take that as a warning as usually this causes a whale dump  

I'll say again:

Weeeeee....

Not really -- any hopes of recovery up until 2 weeks ago were pretty much ruined by manipulators aiming for "cheaper coins". It removed all steam from the market, and has cheapened the value of bitcoin. Now we're seeing the result -- the cash-out.

They wanted cheaper coins, they got them. It's time now for people to fully reconcile the phrase "cheap coins" with reality.

Date Registered:    14-03-2013, 03:59:40

Babby's first Bitcoin bear market/major correction.

What an EPIC dump.

Still sliding down fast.. will it hit 90 before Monday?

67,000 coins.  

I'm sorry Sold at 104, fuck.

Sure...

Funny how with every 5 dollar drop the usual CHEAAAPPP COIIINS!!!! posts were all over the place. Now it dropped below 100 and suddenly that isn't cheap anymore.

Yes, sure. Wouldn't that be SIMPLY WONDERFUL?

Cheap coins!!!

When it finally reaches the bottom, surely everyone will FLOOD IN to buy them.

"SHUT UP AND TAKE MY MONEY", all the noobs will shout as they are desperate to buy into BTC. Banks will be awash with wires to Mt Gox.

VCs will be falling over themselves to get a piece of the action.

I mean, why wouldn't they?

"Bitcoins are a store of value - hold them" 

I bought back in at $131 after $125 was finally surpassed on the upside. I sold some back at $112 and then the rest at $99 in the past hour. My volume was large enough for slippage so I sliced it and waited for bids.

This is great, I get some cheap coins. Only question is do I buy now or wait until tomorrow morning?

There is no resistance to 90, it will hit it in next 4h

London is waking up now

Selling coins at $6 in 2010? Cool story, bro.

Considering that the absolute maximum price at which BTC were traded in 2010 is $0.5, your" duniek" friend is a boss indeed. Did he bought an island and retired? Was he selling Bitcoins at $3000 in 2013?

Yum yum cheap coins.
Brings out the hungry hippo in me 

anyone with some ta about the bottom? .. sell button starts to look attractive

edit: if miniwall around 92 breaks.. i say..   doomsday has arived

Bottom hit?


( chart from: http://bitcoin.stoto.net/ )

We will hit 50$ and stabilize around 70-75$ I predict

   They either going to panic or they or going to see it as cheap coins.  Time will tell.

Are you not 100% fiat right now? I would be grateful for this. All the same, even whales have a finite amount of coins. There is a bottom somewhere.

can anyone pls explain to me to what periods of time does these marks "W1 D3 D1 H4 H1 M15 M5 M3 M1" are corelate? at clarkmoody.com, thx

yes, thx in advance

How does sentiment factor into this though?  I mean, if you ask anyone if they could buy say $50 coins, they'd say they are all in.  I just think we would run into some serious buying pressure, long before 30 and certainly before 13.  Not saying it's not possible, merely saying I don't think it takes into account other relevant information.  I'm also not sure the bottom is the same anymore, with the number of new people.  All that said, I won't complain.   

did the 90$ wall get bought or just moved down to 86?

Interesting, $10,000,000 worth of BTC sold on a quiet Sunday morning. I have some coins and AM shares, bought mostly at $100-120, but I'm in for long run (5+ years), so crashes come and go, I'll worry only if there is real danger like bitcoin security weekness, hacking, slow adaptation or goverment ban on bitcoin.

Is this real? http://i.imgur.com/jvBXpsi.png What is your opinion?

Sorry went to sleep. Just catching up. Clearly the wall was fake.
Your going to see a lot of that on the way down.

https://blockchain.info/address/1FGAftzSTztFSB8LMwsrdCKTyqGY6zr3sU

If this moves....

The Bitcoin gods will bless you for not using the Spartans meme.

<brown nose> How about no... Mr Lucas has about 100 grand in Fiat, waiting for the low I bet </brown nose>

For the record I sold at $131.80 and I just bought back at $93.27. I feel pretty good about my current position.

However, now that I have bought back in we are sure to see a slide to $70ish haha.

cant make up my mind if i shuld buy back now or not

Let's predict the future

it's 2011 chart with my marks.

Huh? Why would you love that?

So basically you want the whole Bitcoin economy to drop 50% so you can buy a few cheap coins. Did i read that right?

....

i just saw how a 1000 btc buy wall got eaten in less than 10 seconds in the morning   

There was a 15,000 btc buy order around $95, then it got pulled and there was a massive buy up to $110. Now we have a 6k BTC wall at 110

$300 per mBTC  

He has been in a mental institution, probably just got a reality check and have now readjusted the target. He is still bullish, and a super node, you, on the other hand, is neither, if I had to guess.

Suuuupppernode lifestyle here we come  

and welcome back rpietila!

$30 per mBTC? Rpietila is among us, so we should be sticking to supernode's language. It's a demonstration of respect.

why i do this when i want to sell ? i wish the price was 200$.

Certainly  (12 hour bars)

It doesn't. I am looking at the most recent formation at the end of the current down move which is consistent with how the previous two major down moves ended.  There is no point identifying a turning point long after it has turned. I am saying that this is evidence that sentiment is changing.

I'm guessing it's because most traders (including well backed ones) are spooked by the fact that this is entirely unregulated.  If Mt.Gox gets taken down, who do they raise a law suit against to try to get their cash back?  This prevents most traditional traders from getting into it.

I considered it to be a HUGE risk to deposit c.£30k (c. USD$50k) into a Japanese bank account with zero chance of recourse should they decide to make a run for it or be brought down by the Feds.

I decided to grow some balls and go for it.  Either I have bigger balls than most traditional traders or I'm more reckless. Time will tell, I suppose....

Oh boy, we are really all on the same page. In fact, after reading your post, I decided to put my biggest bid a tad higher, it was at $52.25 and now it's now at $53.75 (aprox., I'm trading in EUR). My biggest bid during the April, 10th crash was unfilled, as it was at 37ish€, and I missed it for such a low margin... I think the absolute low was 37.8€ or something like that. I still did a nice profit as I re-loaded the truck at an average price of 50€ish ($65ish), but still I don't want that to happen again

One difference I notice between 2011 and now, is that back then most people were taken by suprise and weren't prepared for the fall. Now it's like everyone's expecting it and preparing for it, which makes me kind of worried that it's not going to happen at all. Maybe it will just consolidate here for a long time, make a few more short dips into the double digits and then move up leaving all the sad bears behind. I'm still speculating on a larger dip, but I see the above as a serious possibility.

Calm down boys. Before going to $180 it has to break $166. When $166 is broken, the sky is the limit.

I will be panic buying at 111

I don't use gox, and no bot.

since i don't use gox i often have 30seconds to panic buy b4 my exchange fallows gox price. 

I don't foresee a situation where I'll be panic buying anytime soon.

There are manipulators on both sides. You should be just as scared to sell, if their unknown purposes scare you.

rpietila is back guys

Are you all in yet?

Why 111? Above would be a new D3 high with next possible major resistance at 120, I guess? I'm asking, because you sound very convinced and I'm not sure if I'm missing something here.

Good point - really hard to tell without a higher resolution.  So you think it was a single big buy?

Asks piling up all the way to $110. The sellers will become nervous sooner or later, there are too many coins till $110 and no buying pressure whatsoever. Someone that bought from $100 to $105 has to decide wether to sell at a profit at $108 or panic sell and probably lose money if a seller get tired to wait and dumps as few coins as 700-800, pushing the price down.

just fine. I remember your preference for that.
Looks like next up-leg underway as $110 crumbles.

I told, I have three things I need to do in bitcoinworld to make it $300/mBTC this year.

Then they took me to a mental institution, and what I wrote, could not be established without me. Even now, it is unlikely that I will be the sole contributor.

Seems to me like some one is using this desperately thin volume to try and squeeze it up past there to hopefully provoke some decent buying volume on a breakout
My guess, they want to sell into that
I think we will find out shortly ...

I just hope there won't be another sunday dump which will make all this pointless.

$111 broken. Time to panic buy, for whoever is crazy enough to still hold fiat  

You gave away notes worth 5-20 Euro to 5,000-10,000 people?

That's a 75,000 Euro giveaway, right?

I don't see this helping Bitcoin as the notes can be readily converted into fiat. Only people already interested in Bitcoin will see the notes as BTC.

starting to get a little more exciting now

"A watched pot never boils"

Everyone close down clarkmoody\bitcoincharts\bitcoinity\mtgoxlive\etc so the price can jump up...

i bought a part of it..   
I just needed to test myself to see that i was right..   

and i was ..

180 in less than 13 days 

do you accept Abstract Coin  

last time i made a bet like this I lost 1 BTC..

i'd rather bet by buying or selling the coins themselves

no i just woke up.

i think i will be buying today, tho.

need to do some more TA wishful thinking to reassure myself

Ok back on topic as this is not the tread for this I think 

for what price did you buy in adam?

But what about the Bitcoin Baby ??

I got some at 106, the lowest price on virtex today  

yes i do believe 180$ in 13days, this is why i will panic buy at 111

Didn't you say $110 previously?

A 'what' trap ? Bull trap ... yeah, that's where my money is placed
Gotta make a decision sometimes ... indecision can hurt more than losing money  

Definitely a conspiracy though, whatever happens - of that much I am sure 

No, no hurt; buy and hold
I'm a bull, however I think this is a pump to build support and when the bulls think were in the clear, dumping starts. Without our trustworthy TA I call 60-80 once we have support at 120

Maybe you are right. I'm here to learn.
I am certain manipulation is going on.
If I had a shitload of coins I would try to kickstart the price with the fiat from previous dumps, let the bulls do the rest and then keep dumping to that range.

edit Any lower would ensure bear market for prolonged time. which would mean I have to wait to long for recovery

As long as there is no down-turn there is no rush for that.

Nah there's enough bulls. Only thing is they want 'cheap' coins at sub 80...
so everybody's waiting for further crashing/deflation.
We just need to wait for the impatient to make a move.
some might call this 'consolidaition' but I think most are just waiting for 'cheap' coins
we have to go to at least 'cheap' coins before we go 'up,up,up'

Twp decades barely classifies as long term, let alone super long term. Super long term is a couple of centuries.

I just don't see the big difference in price when people talk about cheap coins. I don't see the point in waiting for a 20 dollar drop. If you believe in Bitcoin long term then everything now is cheap.
Bitcoin either will be worth 0 or a lot. I think most people will agree. In the case it turns out to be a lot then who cares if you bought for 80 or 130 dollars? Those prices will be a joke.
That's why i think the whole cheap coins thing gets a bit stupid at times.

I bought before the hype and i'm still buying every now and then.
Ofcourse i try to pick the best times but really it doesn't bother me if it's 80 or 120.
And i for sure won't love to see the whole Bitcoin economy going down to 50 just to buy a few cheaper coins. Unlike many people here. I think it's ridiculous and rude to think that way. Pure greed.

What do you expect at bitcointalk.org? Or you are the kind of guy who enjoys hanging around on forums about projects that will fail only for the lulz?

point being a lot bulls want to buy, but the prospect of really cheap coins tomorrow compared to today keeps even them waiting

It's an obvious trap.  It defies all logic and reason that so many can't see it.  Oh wait...bitcointalk.org...nevermind.  Makes perfect sense.   

People have learnt by now.... surely??

Any big dumps will be swiftly bought back. Whether that be Thursday, Friday or Sunday.

There will be no sustained drop of more than $2 for the next few weeks.

Nope!

If there are any drops, I'll be buying all the way down however --- and I see a number of people doing the same.

By "sustained" I mean "lasting for more than a few hours".

Yes, and everyone else too.

Which is why I find a sustained significant drop unlikely.

Kinda with you on that ... I will be surprised to see the a big Sunday dump this week and am expecting him to stay away a while
But then again, Bitcoin does like surprises ... hmmm  <scrathces chin thoughtfully>

Bitcoin can go any way at this point; The oppostite is also true,
One big buyer can trigger an uptrend now.

Oh boy, I'm really waiting for some agency/government to try to "ban" Bitcoin. But I guess they are not *that* stupid.

Probably short term. But not mid-term, or long-term. Everything illegal comes with a premium.

Then, Bitcoin was designed to resist bans. Both the protocol and its creator analyzed a "government ban" situation and prepared for it (why do you think Satoshi is a pseudonym, he always used Tor, and never left traces of who he really was?).

This experiment needs to be fully tested. I don't know if ay government is going to be so stupid to ban Bitcoin, but if they do they will make it stronger, because was designed with that it mind.

Short term price is irrelevant in the grand scheme of things. Some of us are not here for the quick buck.

First and foremost, a global ban is unlikely. The most likely scenario is that there would be countries where it would still be legal to run exchanges. And "big money" knows how "offshore banking" works - especially is this "big money" comes from dubious sources. I bet you know that there is a lot of "big money" (or better, HUGE money) in counterfeit pharmaceutical drugs, prostitution, illegal weapons traffic, drugs, etc.

Secondly, Dread Pirate Roberts (SR operator) is a visionary. But new generations of "criminals" will join the pack as soon as they understand BTC. If BTC is banned, they would be even more attracted by it. "Criminal activity" (or black market) is a 1,829 billion per year market. If only a small % of that economic activity goes to BTC the price will skyrocket, and as I said earlier: everything illegal comes with a premium.

Bitcoin has the potential to be HUGE regardless of the official position of Governements.

lol imagine drug lords standing around waiting 40 minutes for 6 confirmations before finishing their exchanges.

Of course bitcoin is the currency of criminals, that's why it was created in the first place, to have a safe haven for criminals. But you need to realize that being a criminal is not a bad thing, it's a good thing.

You seem to live under the illusion that every crime has a victim, that is utterly false. In fact, most crimes are completely victimless.

Victimless crimes are still crimes. If you break the law, you are a criminal.
That's a weird conclusion. Most crimes are victimless, some are not. But since the majority of criminal actions are victimless, I believe it's fair to say it's a good thing that bitcoin is used by criminals.

If you believe most criminals have done something morally unjustifiable, you're either morally corrupt or live under the illusion that those crimes have victims, even though they do not.

Sure sounds like there's a lot of SR vendors on this thread, trying to morally justify they are just that  

Maybe bitcoin economy is mostly SR afterall...

You forget that 99% is pure speculation - like in fiat economy. Or just compare Forex daily turnover ($3.98 trillion) with any other business in the world.

Speculation drives economy in the capitalist system. That's it.

Almost - anyhow, I'm just trolling. You guys know i'm a long term perma-bull

Those who held 100% fiat and waited for the price to drop to $2 one more time, back in 2011. Ooops 

Poll about a "crash" this weekend

https://bitcointalk.org/index.php?topic=233452.0

BE HEARD! 

I beg to differ, even now, it is interesting to see what people think... and the ramifications of the responses, and our knowledge of that affects valuation and actions of each of us!

I think it provides a window on what people think, and thus their view will affect what will actually happen.

And if people believe it will/may go below, say $50, then that means, that most of us who ONLY HAVE BTC, must sell at some point ABOVE $50... thus starting the ball rolling/falling towards that "low" from where it will make a HUGE BOUNCE back to somewhere...

Anyhow, I think it is interesting, and thus fun, thus NOT "pointless"!

Bitstamp in trouble.

Is it just me or this canyon has gotten a tad steeper if compared to few days ago?

Action? 

110 is the new 135.

Is there something I don't know?  No reason the price should be going down further... oh well.

The whale who bought at 95 with slippage to 110 isn't going to be too happy I think. Will he cut his losses and sell?

You want Bitcoin to lose 500 million in value just so you can buy a few cheap coins? Are you serious? I understand people are greedy but that greedy!?

2011 survivors know better. Both during the periods of overvaluation and undervaluation.

95 --> 103.5

Just meant that they'd be lucky to get 105 - did they get eaten or just evaporate? Missed all the excitement

don't you mean
go, Go, GO?

Where's your bids? How much are you going to buy? I assume you are all fiat now?

You should move them to 51-80 area, it's very unlikely that we will see below 50.

85$ bottom for this fall!
Any other predictions? 

Bitcoin isn't really a sinking ship, it's just still overvalued from the bubble. Expecting the price to stabilize from what it was early in the year to $100+ without a large, sustained influx of new buyers is just not realistic.

I'm just waiting it out at the moment.

I will probably buy and sell several times on the way down after each major movement when I expect to see a significant bounce.

I guess I'd class a major movement as something like $100 down to $70/$80 - these movements can happen very fast as can the bounce.

Then I'll dump again and wait for the next leg down into the $50 range, and so on until we hit the bottom which I suspect will be nearer to $20 than $50.

In a way yes, however I don't want to miss the buying and selling opportunities along the way. It would be great to increase my USD by 50% before we reach the bottom.

time to catch the " last chance to sell above 100 " cheap coins. 

Why you so chippy 4 eyes ?

Lots of things seem to annoy you from what I read - maybe it's not their problem

Still around 100$. Now i won't exclude a bullish break-up with target 110$ ...

I cannot even imagine being totally out. Every man needs his untouchable paper wallet. The feeling of being 100% out has to be unbearable even for the biggest bear

I'm managing just fine without any BTC.

I really don't see why anyone continues to hold it while it's going down in value.

I appreciate it though as when they do all panic at the same time I'll be ready.

i would imagine very few people are sitting on a loss

As for the boating accident - cashing out through an exchange (and your bank reporting the >$10,000 deposit to your bank account to the IRS per regulation) isn't the only way to cash out.

Bitcoin, the hedge against the world economy?

Did my sarcasm go *Woosh!* as it flew over your head?

Yeah when did those 5k coins show up?!

Bids terrified of a $400k ask wall...for shame.

Buy pressure decreasing and price is slipping away from 100. Looks like a weekend drop, not by whales but by self fulfilling prophecy.

This sounds market bullish, be still my beating heart for things are back to normal  

Drop the price to 99 again and I'll purchase 20k USD of bitcoins.

Pretty big wall at $96.01, $1M in total. And its money that it was just added to the order book (check blockchained chart), not money already present in it that consolidated at that point.

Interesting times. Much more interesting than in 2011 I'd say.

Yes, looks like it's gone already

It's ridiculous to make these assertions before the weekend is out. Everyone is waiting to see if the dumper strikes again. Jury is out until Tues/Weds.

Anyone else feeling a rally?

Detroit going to default, bid side is heavy and we have held the 100 dollar mark nicely? I'm 50% fiat and planning on a buy in.

If we break to the upside, I will buy in at a loss with a predetermined schedule. I am not nearly as sure of the probability and timescale of my $300k prediction as before. However, IF crypto takes over fiat, there is still no realistic way to do it without Bitcoin reaching $300k. (Or I would still like to hear the reasoning   )

Just broke through 105.  I have a feeling this rally is going to go on for several hours.

The % is really small compared to when i first got on this train in Feb lol.

BTC finding its legs how cute.

Didn't they lose everyone's password hashes recently? My friend had everything stolen.

Can someone explain to me why, under the certain circumstances, price @MtGox is falling?!?

In march they processed over $5.2M. Mt.Gox's volume in currency for march was around $120M.

Edit:

http://www.youtube.com/watch?v=eaJwiXN-8cI 

Because they have created an org that is a central point of contact for money transmission businesses. Remember that whole "centralization is evil" thing? Well they did it anyway.

By the way, MtGox already has working API for LTC/USD:
http://data.mtgox.com/api/1/LTCUSD/ticker
http://data.mtgox.com/api/1/LTCUSD/depth/fetch
http://data.mtgox.com/api/1/LTCUSD/trades/fetch

My prediction is the price for LTC will be at least $12-15 when Gox starts working with it.

Don't forget that BTC has a blockchain limit for number of transactions to operate.
LTC will be useful for small transactions to unload BTC. So, BTC+LTC will be a very stable payment system in the future.

LTC will appreciate 5 times after Gox starting work with it, and then will corellate with BTC.
Don't forget about BTC  The real future is BTC+LTC.

I say that LTC will appreciate faster in the short-term because of MtGox adopting.
Then LTC will grow 1:1 with BTC.

So, I thnik good investment is both BTC and LTC.

In the long-term yes.

It's interesting how after buying everything up to $110 and selling everything down to $101 that the bids and asks filled the middle in again so quickly at a variety of prices, creating a market depth profile that looked like nothing had just happened.

Yep, part of the reason I registered here [or, finally got my first post in the newbie section] was because of all the confusion around that buy.. I think you made a thread on it, but even it had some errors IIRC.

If you find it, I can tell you what was wrong.. but I am not going to dig.

Also, after the 5500 buy to 109.98.. 9500 of new asks mysteriously appear? The bids are shifting ridiculously. Retreating, pushing back, etc. At one point in the last 10 mins the 100 wall was 6000, and at another was 12000.. currently 10000.

We're gonna get an update from chart buddy in about 7 minutes, woohoo!

On a random note for those who use Clarkmoody - and use the sound ticker, what is your min volume? I usually pick 10. 100 is too rare and doesnt always happen in a smaller downtrend... but right now im using it and its doing fine.

This is one heavy piece of information.

They way I see it this information is only important to Bitcoin insiders.. The general public can not infer one bit of meaning out of that change of policy by Citi, hence the lady tells it nonchalantly like it is. It must've been told to her unimportantly, and she just transmitted it.

He won't obviously because he knows it's total bs.
I just don't understand why he keeps saying this as he must also realize he will look pretty damn stupid soon enough.
Really odd beaviour.

Edit: obviously he already looks stupid as a few hours after he said we won't see triple digits again we saw triple digits.
He simply ignores it and just goes on  

Man, we are really hosing through the 70s.

Panic/capit detected. I'm looking forward to the bottom.

Is there som site there people can vote for what thay think will happen with bitcoin up or down ?

Completely agree on the killer app. Right now, the only killer app of Bitcoin is Silk Road. It's genius, but more are needed to reach a next level.

No, I didn't change anything. We were speaking about regulation. You said that if BTC was banned by the US, it would die and fail miserably. I said that even if it was banned, it would absorb more black market economy activity, which would make BTC grow and its price raise.

Note that I say SR is genius, and we need more killer apps like SR. Business models that couldn't exist without BTC. You mocked SR, to the contrary I consider it genius, and I say BTC needs more and bigger SR's.

I don't know how I could argue that because is true. Still, 99% is speculation. ASIC and SR are a drop in the ocean compared to the relevance of speculation in the BTC economy.

The Silk Road talk is so '2011ish. Came on. People sees that there's much more in BTC, besides of the fact that real economy is still reduced and that it's very speculation driven.

This baby needs to grow a little bit, but it's unstoppable.

I covered all my shorts yesterday, but have now re-opened them plus some, so I am putting my money where my mouth is in case anyone wants to call me on that. And by short I mean negative Bitcoins, not just sitting in fiat.

I mean leveraged short CFD's ... I make fiat when the price goes down. To me holding BTC is long, holding fiat is 'flat'. 'Short' means selling borrowed BTC or a CFD (or ETF  )

i can confirm jalosraw that he will dump

but things are looking bullish as investors are coming into the markets again so i'm putting my money where my mouth is and buy, it will go up from here

Jalosraw has ever proven that he has the judgment assets he has?

if I say I will dump so we're going for 70 now I have lot of assets, then?

Let us know 10 minutes before you dump, so that we know it's you whom we should thank for this.

Can you do it (inform us before the dump happens)?

He even has a forum troll ( polish: forumowy troll ) label under his nickname http://forum.digital-future.it/member.php?action=profile&uid=63

Just curious: why don't folk reveal the position of their bids in advance, if this thread has no impact on the price?  

Why is everyone wanting in at 50 ? Either 2 things :
if 50 indeed holds it's not going to the low 50s but it will settle higher. So what, are you going to panic buy in the 60s when you realize you bids for cheap coins didn't get filled ?
if it falls (more likely), this will be an epic selloff as all those who bought have an "oh crap" moment, and there's not much support until 30 where the same story applies.

In either case, 50 won't be the bottom.

Jaroslaw, you still have a few hours left not to default on your promise of bringing BTC to $65

I have faith in you and your thousands of Bitcoins. Now it's the right moment to dump your coins.

It's funny all you fags trying to sway people into buying while we're clearly still in a downwards spiral. There's no reason for bitcoin to go up right now besides speculation, and that has already been done the last few months, too soon for another bubble.

The latest Bitcoin software v0.8.3 disincentivizes the number of micro-transactions. This stat is likely influenced by that change.

5340 (?) dust limit.

No. The minimum SD bet is bigger than 5340 satoshis.

*cough* volatility squeeze *cough*

*cough cough* looks pretty clear to me what the bias is *cough cough*


I should really get some cough syrup.

someone clearly needed some fiat fast.

Any insight for those of us with no working knowledge of lineology?  

amidoinitrite?

Gone.

It's the great manipulator's wall.

i think it was listentobitcoin.com

Did we just got all the bubble stage in less than a week? 

...

 You are so smart ..