when do we buy back in though?

seems to me bitstamp likes dropping over rising

why can't i transfer bitcoins from btc-e to mtgox right now?
it gives the following error: Money hold. 1436 min left

why can't i withdraw my bitcoins from btc-e?

would you guys keep your bitcoins on bitstamp or cash out on mtgox for a quick arbitrage buck? thing is, there's no easy way to get your money off of mtgox, like bitstamp has...

did someone just buy half that wall?

why would someone buy that much at 123...

Why is volume on gox so low though? Last week we still had 100k+ volume

then cash out, like the other pussies who just did, and miss the real rally...

and to think, 750 coins are wasted on a guy like this...

sold at a loss?

How can one expect anything from an unpredictable market?

more like stupidity

can someone ban this guy?

19:21:26   132.84899   0.0000

how is that possible?

what do u mean "too risky", too small of a profit or less chance to buy back cheaper?

post it

So basically what you just said is...





Bitcoin does whatever the fuck it wants.

It's their paranoia toward funding terrorism. This is why we can almost be certain bitcoin will be hit hard (in the near future) by the US gov. Even though they can't destroy it and it will only come back stronger of course.

Since bitcoin is p2p, can't the US gov just make isp's block that specific protocol?

They can throttle/block bittorrent, why can't they do the same with bitcoin?

The US has reach all over the world... All they gotta do is say they're doing it in the name of stopping terrorism and they can do just about anything. They don't even need proof (eg Iraq).

Ya, and if bitcoin actually requires us to use TOR or a VPN, how would that benefit mass adoption? That would kill it entirely.

Can dollars be transmitted anonymously and within minutes over the internet like bitcoins can? I think Bitcoin is a huge thorn in the eyes of the US right now (since the price surge and increase in publics awareness of it), and they are figuring out ways to hit it hard as we speak.

http://www.itechpost.com/articles/9817/20130527/what-happens-when-digital-currency-bitcoin-gets-shut-down.htm

do people even know what they're writing about these days?

"Similar accusations have been leveled at Bitcoin, though that virtual currency hasn't been shut down. Bitcoin is currently under investigation by the Department of Homeland Security. The nature of that investigation is unknown."

I speculate that the price will either rise or fall, one of those two.

That's why there's a need for a decentralized exchange that can't be touched as well (eg bittorrent). Until then, it's gonna be a risky game playing on these exchanges.

wtf...bitstamp is the more expensive exchange now?

wow wtf why is bitstamp this expensive?

and i just woke up too
bitstamp lagging behind and i got all my fiat on there >>

fuck off bitstamp move down!!!!

meanwhile bitstamp won't even break 125 ><

so is bitstamp the expensive exchange now?

i'm so mad at bitstamp right now

I don't have any coins on stamp only fiat, I thought the stamp price was always a little lower than Gox, so i move all my fiat there to buy in when the prices crashes.

why won't people sell lower on stamp...the arbitrage from gox to stamp sucks since it's hard to get fiat back into gox.

what are u smoking and can i not have some of it?

can someone be this lazy?

it was going up slowly again but if people keep selling off...

my lord, you are stupid.

all these dumbasses shouting "sell Sell SELL" or "down Down DOWN"... I hope you get severely burned.

and it's gone

aliens?

meanwhile bitstamp stays over 116

taking out loans to play on a stock market, how retarded can one be (unless it's a sure bet but this isn't one of them)

you learn english sorry for advice

why would i learn a backward language like that

why would i learn a backward language like that

why would i learn a backward language like that

Or not.

and it's happening again

or not

don't you mean
go, Go, GO?

I'd choose having my money in fiat on one of these exchanges over having my money in BTC... BTC might crash at any given point and fuck you over completely when it catches you off guard. And how exactly would mtgox run fractional reserve, only banks can do that... Given the amount of money that's being traded on Gox (millions), i'd say we're pretty safe... It wouldn't be easy to get away with theft of that magnitude.

The thing is, since these exchanges operate within legal boundaries and the owners are known and probably documented by law enforcement agencies, we are somewhat safeguarded if our fiat were be stolen or abused by the owners of the exchange. There are systems in place in the real world which would combat criminal endeavours to steal our fiat. Bitcoin has none of those. It might all turn to shit tomorrow, that's the harsh truth of it all, and you wouldn't be able to do a damn thing to prevent it. Your coins might even get stolen from the exchange, and you wouldn't be able to do squat. You might be a "bitcoin believer", but i prefer to be realistic about this whole thing, and i think that's the smart thing to do as well instead of putting blind faith into all of this.

Seriously, that fucking sucks. How does anyone feel safe with large funds on these exchanges?

they're only the biggest exchange because we allow them to be...
as soon as something more legit pops up i think most will move

the question is when will that happen?

sucker rally

don't forget the bubble deflation in general

who wants to buy 4k coins at 108 when the price is surely going down afterwards...

price drops a few $, prophets immediately predict long term drops
price rises a few $, prophets immediately predict long term raises

bitcoin never changes

How the fuk would gox become insolvent... They're sitting on a goldmine of trading fees alone. You guys really need to stop thinking the worst possible scenarios, I personally think Gox isn't as bad as you guys make it seem. Yes, they have problems, but that's to be expected of an online exchange operating in a novelty area like bitcoin...

Because that's the limit imposed by their bank maybe?

Where would that money go though? I'd imagine other exchanges would encounter the same problems once they reach the daily volume of Gox.

Can anyone tell me how much mtgox charges for an international wire transfer and a sepa transfer, respectively?

my lord, what an analysis for something that acts completely random
what a waste of work

i got that mail too for a free yubikey, but didn't claim it as i just use google auth

a news


a    news


A NEWS

news requires an indefinite article?

you mean of course noT

i have enough of waiting some serious drop will go off

Do new ASIC miners stand for a dilemma now?

- Sell off their bitcoins in order to cash in their $ and start paying off the initial investment of their ASIC device (which is going to take a long ass time), but potentially upsetting the market by doing this and crashing the price.
- Hoard them and wait until a more suitable point of sale (when the price has gone up by 100 for example)

s t f u

ok ok, i ignored him

coinsetter and jarojew on my list so far, who's next?

gox has been around since the beginning, don't think they'll go out that easily...

Some? I think the moment a reputable, regulated exchange run by reputable people finally comes just about everyone will jump ship. It's a matter of time. But as to gox shutting down and taking off with your money, don't think so.

bitcoinium

on that topic, anyone know the best way to trade on mtgox on an android phone?

they will take your moneyz and flee

stop quoting him, i have him on ignore
i think everyone else but you does too

is this for real? it's on cnn...

i'd be really suprised for any of the 3 biggest exchanges to go out of business...the profitability of running a popular bitcoin exchange must be enormous considering the steep trading fees they charge.

the pessimists in this thread are hilarious

unless major adoption happens
it's just a game of wait and see

96.37000   1111.1111

someone's trolling

people are waiting to get their money out of gox so they can deposit it on the other exchanges.

gox only does usd and euro? besides sepa transfers take like a month on gox

yea that's why every time gox drops a $, the other exchanges do too. there's nothing natural about these markets, everybody is watching what's happening on gox since that's where the big players go.

oh boy, you're so full of shit 

gonna try and get an answer here...

Is it possible to withdraw euros to a european bank account via international wire transfer on Gox? I don't want to wait 5 weeks on a SEPA transfer... Also, what are the fees for this if it's possible, i know there's the 2000yen fee gox charges but what else?

Right now my fiat is in USD on Gox. I suppose it would be cheaper to first convert my fiat to bitcoins and then sell them for euros? In order to avoid the conversion fees the banks would otherwise charge.

you're not imitating his broken english

WTF? Can someone explain to me what is happening?
I ordered the free yubikey from mtgox, and now find myself having to enter the yubikey number when wanting to initiate a withdrawal, while i don't even have it yet! (it's still en route from Japan). They add the yubikey automatically to everybody's account who orders it? Fucking bullshit...now i gotta wait like 3 weeks till i get in the mail?

Huh? I don't understand what you're trying to say here? Is there a way around this? Hitting enter just ends up in me getting an error, invalid OTP entered. I allready submitted a support ticket to have those yubikeys removed, i hope they will else ill be fucked for like 3 weeks since it takes that long to get here from japan...

"close"? bitcoin markets never "close", they just keep going, regardless.

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.

on a side note, i just took a large dump....irl

because they have no interest in a shitty small market like this? if this can even be considered a market, it's just a matchmakers service really.

professional wall street traders wouldn't touch this with a 10 foot barge pole.
there are much, much better opportunities out there for a professional trader.

The bitcoin market is prone to heavy manipulation (and operates basically without any rules, it's a true free market) and seems to be a lot less predictable than regular stock markets. Just another reason regular traders wouldn't touch this. I can sum up a dozen more. Regular traders are really heavy on risk management. Guess what, bitcoin is just about the riskiest asset you can invest in.

up

so mad i didn't buy back in at 80 right now

nothing is impossible in the bitcoin realm if a big enough whale wants it to happen

burnt out
see i taught you some english right there

I expect a rise to at least 250, maybe 300 in the next 300 months. Followed by a sharp drop to 1$ (to allow everyone to gather cheap coinz) and then a steep rise again to 400. I say this because my word is law.


see what i did durrr

Kapow.

Bam.

 

 

And I will say it again. You're full of shit and just trying to sway some noobs.

I would agree with u if the market wasn't so skewed from the withdrawal hiatus going on. People want to cash out, hence they are buying bitcoins in order to sell them at a loss. Only reason price is going up.

That's just sheep mentality, people still see Gox as the leader, so the moment the price changes on gox, everybody rushes to adjust their asks.

it's a new bubble forming, guys

buy buy buy 

it's a left triple kneecap

only if you have a shitload of cash somewhere in a bank account or something, and are willing to leave it on Gox until they come up with faster withdrawals.

you couldn't resist telling us about your profit huh? 

Quick question here, maybe a little off topic but ok.

Investing in bitcoin related securities (like ASICminer), isn't this extremely dangerous as those shares are coupled to the fluctuations of the BTC price? For example, you buy 10 asicminer shares at 5 btc each. Next, USD price of bitcoin plummets 50% or so. However, asicminer share price stays stable at 5 btc. Now, when you try to cash out your shares to btc and back to USD, you would have lost half your investment. So you got 2 dangerous factors that could fuck you over, either the btc price crashes or the share price itself crashes... It's just too much for me, i'll stick to btc trading :p

that guy on reddit is just a troll trying to raise the price in his favour

we have to ask ourselves the question, what would paypal gain right now by accepting bitcoin as a form of payment?

The biggest moves always happen when i'm at work (where my computer usage is monitored by Stalin himself), or when i'm sitting down having breakfast about to leave for work. One or the other.

gmt+1

Just thought of something.
If Gox really had liquidity problems and were in need of cash to dig themselves out, they wouldn't just badmouth their ability to handle deposits (like they did in their latest update), on the contrary they would promote it. I think they have more problems than they'd like to admit though.

coinsetter is launching end this month supposedly, i expect a mass exodus from gox to coinsetter if their platform proves to be good.
that means a huge pump on gox of people buying coins on gox in order to move them to coinsetter

That's what we'll find out at the end of the month i guess. It's the first legitimate US based exchange for one.

bitstamp is a euro exchange

Tradehill? Does anyone actually use that exchange?

From their site:
Monthly Volume: 10,514.62761 BTC

have we discussed what we shall take as our bitcoin mascott?

I vote frozenlock's face.

over 10 dollar spread now...that means if u arb like 5000$ u have around 500$ profit guaranteed...but your money is stuck on Gox 

who knows

11 dollars, it's ripe for the taking

question is, who's gonna take it?

well,... Gox should be applauded for one thing, and that's finally creating price stability

I'm gonna laugh so hard when Gox comes up with faster transfers and everybody screwed themselves over by selling on a cheaper exchange.

http://www.reddit.com/r/Bitcoin/comments/1k9jhv/congress_appropriations_bill_directs_fbi_to/

a lot of shit is gonna go down soon
i'm happy to be part of the bitcoin world, always exciting news 

how the hell can it be flowing into bitcoin when Gox isn't even processing deposits (albeit at a snail pace)

bitstamp only deals in USD...
and the euro market on Gox is illiquid as hell.

So i got a new smartphone, tried to delete my old google authenticator from my gox account in order to add a new one to my new smartphone. It wouldn't let me link the new OTP to the login and withdrawal, it just said invalid OTP. So i tried logging back in order to see if that fixes it, and now it won't let me login at all anymore. I also have an mtgox yubikey linked to the login/withdrawal...but it just says invalid OTP when i use it. Fucking gay site really.

nevermind, resolved it myself, some weird shit going on

in other news, looks like some small fish are doing some arbitrage

well waddayaknow, iphone is good for something at least

/sarcasm

simple question for you guys

I know you're all hoping for the bitcoin value to rise, but why would it go up since it's divisible up to 8 decimals (and way more apparently?)

Just a random question here. Since Gox supports several currencies, do those markets also adhere by the going exchanges rates of the dollar and the euro? For example, the dollar drops versus the euro one day, would the Gox market reflect this or would there be a significant delay of a few days?

Some important info is expected to be revealed about the fed tapering issue tomorrow - what do you guys think the outcome will be? Will the fed effectively taper or not in september?

It's relevant in my case, as a european trading bitcoin in USD, i'm interested in the exchange rate usd/euro. So i wouldn't like it if the USD takes a tumble.
So, fed tapers: dollar rises, fed doesn't taper: dollar goes down, down, down.

methinks it's HIGHLY unlikely they won't go through with the tapering. they would only fuck themselves over if they didn't

dollar rally inc

sooo...nothing was said.

Ok a little off topic here but i'd to know what you trolls think.

Dollar vs euro, bullish or bearish? I know the fed wants to go ahead and window on its QE, which is bullish for the dollar. The ECB seems to be backing QE for the time being. Plus the recession is still raging in the southern states, with probably plenty more problems ahead.

yes because there are any mathematics at play in this bitcoin market 

the syria situation won't do jack shit to the going rate of bitcoin.
it's still too obscure for that, anyone else thinking otherwise is retarded

euro market on Gox is terrible.

right now bids are barely at 101 euro, which equates to about 133 dollars at the current exchange rate.

A (capital A) Rock is coming, very soon.

well, you must be quite mad right now.

I know the feeling, this is why i've stopped day trading for a while now. I've only suffered two small losses from it (which came out of my original profits), but that was enough to make me ragequit. My theory is there will be a point in time when some extremely bullish news arises. This is the point where everyone will go balls deep, so in the mean time i'll be watching for that point of entry like a hawk.

Something i've been asking myself. Say you buy a house in only bitcoin without paying taxes on it, followed by a visit from the IRS. You say you bought the house in bitcoin, what can they do? Can they throw you in jail or fine you for that since you used an "erschatz" currency?

and how would you know? do you live in japan?

Truth is their customer base in Japan is only like 90% smaller than the US and euro customer base. So they probably don't give a fuck about 1 or 2 people withdrawing yen. So that's not representative of their possible problems at all.

I personally think some big money is waiting in the shadows. Imagine if a couple billion moved in right now. Popularity would skyrocket, everyone would go all-in (because the initial billionaire pushed the price up to extreme highs already), pushing the price up even further, earning the billionaire who invested his money a huge ROI? Why wouldn't they do this? Prolly because the market is not liquid enough for this kind of money. Maybe the bitcoin ETF from the winklevii will allow this kind of money to move in.

Interesting, at exactly the same time that 1262 btc buy was initiated on the USD market, an 883 btc buy was triggered on the euro market. Maybe someone had a bot configured the moment someone buys hard on the USD market?

Yes, they have more or less the same price, but they're still two different markets with different actors. It just struck me as interesting that those 2 buys were simultaneous.

Well i can imagine people having huge losses (or wins, but rather the former i think) using these bot strategies. After all, nobody knows what's going to happen next. All you can do is bet. Yes there are some indicators but markets love to disappoint.

Well read my post more closely and then you'll notice i said that the market (eg mtgox) is not liquid enough for this kind of purchase. Only a professional market with tons of liquidity would allow this kind of money to move in.

https://twitter.com/MagicalTux/status/375195589048147968

On a side note, this is pretty bullish news for LTC on gox. That post just means they're checking items off their list, eventually leading up to the implementation of LTC. Beats me why they wouldn't want to implement it either, it would reap them huge profits. So i'm stocking up on some ltc.

LTC is having a nice rally, time to jump in before imminent Gox announcement?

LTC going nuts

You mean the opposite actually. LTC pumps often follow BTC crashes.

great analysis

funny, people always tell us about their profits but never about their losses :p

I don't day trade anymore because of losses as well. I only buy and hold :p
It's true what they say, people shouldn't act on emotions when trading on stock markets, but still most of them do :p

I believe it will rise much higher than 266 over the next year... Still waiting for a suitable entry point to go all-in.

Just had a semi heart attack. Was logged in on my btc-e account and my btc balance suddenly appeared as 0, as if someone had hacked in and withdrawn my btc. Logged back in and it showed up. Frightening moment, especially because that site is shady as hell, but the only choice to trade LTC at a decent volume :p

beats me why they would manually throttle 1 btc

gox is banking today

funny all the people in this thread bragging about their profits
i bet ya, for the same amount of people with profits in this thread there are people grinding their teeth in the shadows at these posts :p (not me, don't day trade :p)

It just surprises me that they caught him by some random forum posts. Goes to show, it's the simple things that get people caught.

If drugs didn't ruin lives and create murder, crime and rape I would say you're right. But drugs does all that so yea, drugs are bad mmmkay.

lol @ you thinking they will liquidate it on Gox or any of the other current exchanges

Assuming he would actually hand over those 600k bitcoins. He'll be in jail for the rest of his life most likely, whether he hands over the coins or not.

Supermax for a skinny nerd who ran an illegal website... Seems logical they would only put Aryan supremacist/murderers/rapists in those kinds of prisons. Not some guy who ran an obscure online drugs marketplace.

I'm not saying there aren't any non-violent white supremacists. But violence and crime mostly comes with that kind of state of mind, yes.

Does anyone actually know the address on which DPR's 600000 bitcoins are stored? Or are they stored across multiple addresses?

So it's spread across like 50 addresses?

They calculated that number based on the amount of transactions that occurred on SR and DPR's commission on every deal.

They didn't lie about the amount of coins in escrow seized...

I've been having this crazy idea lately, that Satoshi himself might come out of the woodwork and reveal himself once bitcoin hits mainstream. As if it was part of his plan all this time.

There would be no point. It would just be awesome if he did that. Like he knew bitcoin was going to succeed anyhow.

Only 31k BTC left on the orderbook. Get yours while you still can...
IMO it doesn't matter which price you buy it at right now: BTC is going to the heavens in the coming months.

in b4 bounce

BUY BUY BUY

bears already exhausted, let's continue the steady climb

BUY BUY BUY

Weak hands are out, only strong hands remaining.
Hold on to your hats people, the next climb is going to be relentless.

only 1000 coins to 159, who will do it?

Nice attempt at trying to get cheap coins :p

Didn't we already have the correction when the debt ceiling bill was passed? It corrected to 150, then bounced back quickly to ~ 155 with a steady rise to 163 over the past 2 days.

It's like it is always, just plain ol' greed. People buying because they think everyones bullish.

keep believing it's insolvent.

this crash is going to be....horrendous

SELL SELL SELL

more "luckfully" than anything else

Can someone post some working Mtgox price tickers?

could they make it anymore complicated?

rocket launch failure
abort all operations

Does someone have a link to a BTC China ticker? Or isn't there one?

I could never get used to that shitty bitcoinity ticker. I need something like http://trading.i286.org/ where i have a clear oversight of the orderbook.

that's even worse :p

no realtime oversight of the orderbook

"play money". I always lol when i hear people say that while it's real money.

so when are the news outlets going to start picking this up
we need some new blood coming in

it's just the ultimate financial instrument and everyone will start realizing it in the next years

yes people will want to hedge against the shittyness of the new ipad

touche? you french or something?

ah oui you touche my tralala

Google trends image. What exactly is fueling this rally? This tells me it's old money doing the same all over.

It's also possible everyone who wanted to learn about bitcoin already did that back in april, and when it does hit the media those people will be like "meh, again? I'm not falling for this again!".

Now you're hitting an entirely different subject with that last remark. I'm saying the bitcoin community underestimates how many people actually know about bitcoin. I think everyone who matters (people interested in technology, IT people, general investors,...) already learned about bitcoin back in april. Never mind the regular mom and pop investors, they wouldn't touch this with a 10 foot pole as this is an investment that lies outside of the banking scheme. For the regular mom and pop investors to come in, something truly revolutionary (or cataclysmic like a US default that has people searching for a safe haven) needs to happen. Another thing, look at the possibilities one has to invest in bitcoin. One needs to transfer money to an unregulated bitcoin exchange like Bitstamp or Gox. No way regular mom and pop investors would do that. But that's long term talk. Short term we need to look at companies and people like us (technofreaks) endorsing bitcoin.

Will the fact that everyone wants cheap coins prevent the price from tanking too far?

What worries me the most is Gox is leading the pump atm. China and stamp are reluctant to move forward. Since Goxusd is stuck, this is skewed.

Gox is going insane. No way this can last without a pullback, bitstamp and cny are remaining stagnant.

yes and a 300 btc sell would take us back to 213, waiting for someone to do it

Anyone notice the rally stopped in China? I realize it's early for them, but today they barely rose a few bucks.

I hate the words "cheap coins"! Arrghhh stop using it!!!

This is... Sparta?

When will someone make a service that will truly revolutionize the way we use bitcoin? An app/webservice that would oversimplify the use of bitcoin, making it accessible to the common folk who don't want to spend time getting to know bitcoin. Also something that would mitigate the exchange risk/confirmations duration problem.

Like a service that holds a wallet of bitcoin, allowing people to purchase bitcoins to immediately buy an item on the internet (this would be a service performed by the company itself). They would offer a variety of ways to deposit money, the difference is people wouldn't have to deal with the website selling the item or the inherent risks of bitcoin. The company itself wouldn't have to pay many fees because of the fact they work with bitcoin. Companies selling items accepting payments in bitcoin from this company would have eliminated the need to subscribe to payment processors themselves. Truly frictionless buying/selling for both customers and companies selling items.

I meant something like this:

Like a service that holds a wallet of bitcoin, allowing people to purchase bitcoins to immediately buy an item on the internet (this would be a service performed by the company itself). The trick is the customers wouldn't have to hold bitcoin, all they do is deposit money and order their stuff through the website. They would offer a variety of ways to deposit money, the difference is people wouldn't have to deal with the merchant selling the item or the inherent risks of bitcoin. The company itself wouldn't have to pay many fees because of the fact they work with bitcoin.

Merchants accepting payments in bitcoin from this company would have eliminated the need to subscribe to payment processors themselves. They can funnel the bitcoins through some exchange or some other service (like coinbase or bitpay with instant payout) the moment it hits their wallet. Truly frictionless buying/selling for both customers and merchants. The need for merchants to get payment processors like visa or mastercard would be eliminated. Ease of buying for the customer (not having to deal with different payment processors, fees or making several accounts on every website you buy something) and ease of selling for the merchants. The customer wouldn't even have to know they just dealt with bitcoin.

I know we have services already like bitsumo and bitspend (well we used to anyway), but they don't factor in the company selling the items. This would also eliminate paypal and their fee scheme, both for customers (exchange rate fees and transferring money fees) and merchants.

Why is it I see Preet Bharara's name every time a bust happens in relation to the bitcoin world? First liberty reserve, now silk road... This guy is the US attorney for the southern district of New York apparently. So why is he involved in bringing down organisations that deal in money laundering and drug traficing?

Can someone post that picture of Morpheus saying something like "when it's time to sell our bitcoins...we won't have to"?

Anyone think those bitcoin ATM's will have any effect on the exchange rate? As in people having easier access to a bitcoin investment since it's an ATM?

Yes but it does give bitcoin a physical presence out there in the real world.

Trashiest newspaper in Belgium, I don't think the people who read that newspaper would consider investing in something like bitcoin, if it isn't marketed by banks as a high return low risk easy investment.

It lowers the barrier for the common folk to make a btc investment. Right now you have to wire money to an exchange, which is kind of a hassle for folks who are not familiar with that kind of stuff. Plus random people who don't know about bitcoin will enquire as to what it does. Thus leading people to make a btc investment. I only see positives from this. It probably won't be profitable for the manufacturers though.

That appartment story is going viral.

That's just it. For the tiny "market" bitcoin actually services at this very moment, the 2 billion cap is grossly overvalued.

Undervalued like hell though when you look at the potential of this thing and the scope of things to come. So it's just people speculating for a profit right now. Greed at work.

I think everyone is waiting for a dip.

2720 sell wall @ 156.7 EURO

no one wants to buy, everyone expecting a drop

I might as well say what I want since everyone else is doing the same. It's anybody's guess what's gonna happen next.

What's up with the euro market on Gox? One 70 btc sell dropped the bids to 149 euro, the equivalent of 203 USD, and bids take forever to replenish. I'd trade in USD but the USD > euro exchange rate is too volatile to be holding USD all the time as a european.

Dollar market on Gox moving up, euro market stays the same. Dafuq?

Funny how people think of something that could potentially be nefarious for bitcoin as hilarious.

A lot of USD users have funds stuck in Gox, whether they like it or not. Not everyone is able to precisely time the market to get out with a minimal loss. Nor can whales justify selling at a big loss on bitstamp. If they were to go down, a lot of funds would go with them, and that would only confirm the dangerous nature of ANY bitcoin exchange to potential newcomers, scaring them off. So yes, I think it would be nefarious to bitcoin as a whole if the largest exchange were to go down. Maybe you should look at the bigger picture of all this.

I personally applaud Gox for sticking through all of this. Even though they are not transparent, I believe they have no choice in doing so. If they were to make an announcement detailing all of the bank problems/lawsuits they are tangled up in, it would most probably cause a market panic. I believe that behind the scenes, they are making strides to solve all of this. Remember, Bitstamp is in just as big of a danger to have their accounts closed at the whim of new regulation coming through in regards to bitcoin. From what I've read Gox is trying to obtain bank status, which could potentially solve all of their problems. Contrary to Bitstamp, which is operating in conjunction with a bank.

Assuming everyone was able to make a profit out of that rise, which is just not true. Sure they were able, but did they take the chance?

I think a lot of people are going to get burned come monday/tuesday.

We'll just have to wait and see now won't we? I'd say buying or selling right now is a gamble either way. As always, holding is the best strategy

inb4 gox launches midas, has superior trading functions, api and banking partners over anyone else and thread name is changed back

If you're into that kind of music you're seriously not worthy of being human.

Now I wonder why that ignore button is so lit up. Let's make it even more lit up.

Paypal already said back in april they were watching bitcoin.

People are buying in anticipation for next week. Totally expected this move. Expect dumps when the price doesn't move upward next week.

Done and done.

Change thread title back to Gox Wall Observer? Haters gon hate

They're just keeping their options open, is all. Of course they won't badmouth it as a company, that would mean losing potential customers and looking like fools if they had no choice but to start accepting it in the future.

In the next 10 hours i will go to the toilet and take a big dump.

What exactly is this rally running on right now?

This time is different?

but for how much longer? surely the suits will not tolerate this much longer and regulate the living daylight out of the exchanges

So i thought Gox said they were immune to ddos when they got on the Akamai network?

Only because of the fact the crash happened last time because of a ddos won't make it so this time. (so stop hoping :p)

karpeles is probably being sucked off by 2 japanese whores right now, can't be arsed to fix his honeypot.

that or the market just became bigger, with that bigger volume being spread out over the different exchanges.

so all that money that bumped the price to new heights was already there since april?

is there actually a better alternative than Gox for traders who want to trade in euro? And i'm not talking trading systems like bitcoin.de... Something with a real live trading market like bitstamp or gox. In this case Gox is probably the only choice for those traders. Not everyone wants to be exposed to the exchange rate risk dollar/euro has.

no way i'm putting any significant money in something like BTC-E. BTC is already volatile enough, no need to add something as risky as the russian authorities to the equasion lol. So Gox is probably the only choice I have until something else comes along.

Bitstamp doesn't offer euro trading. And I just don't want to be exposed to the dollar/euro exchange rate, which is already very volatile.

No, i'm exposed to BTC/EUR... If i trade in BTC/USD i'll eventually have to switch back to euro if i want to cash out to fiat, which means i'll have the initial capital i invested minus or plus the gains/loss i have from the exchange rate USD/EUR and also any profit/loss i might have had from trading BTC as well. So if i had BTC profit that might as well be offset by a low EUR/USD exchange rate at the time i want to cash out to fiat. Twice the risk which i don't really want.

And I don't get why you're saying the euro market is less volatile than the USD market. The euro market follows the USD market so they're both equally volatile. The USD market has the biggest volume so everyone looks at the btc/usd exchange rate and follows that.

Depends on with how much of your money you're playing with. I'm playing with a significant amount of my capital, which is retarded because the saying goes "don't put all your eggs in one basket", but hey, this is bitcoin and I really don't want to miss out on the technology of the decade Thus it would be stupid for me to be in coins all the time or in USD with that significant amount of my capital.

The euro market is actually pretty decent on Gox. I don't day trade so all I do is buy and hold, which means I can move in and out of my position easily if i want to. But I just looked at the GBP market on Gox and yes, it looks pretty terrible to be honest. If i was a day trader i would trade on the USD market.

I just don't see how bitcoin could become a major currency to buy and sell goods without the volatility issue being mitigated first. This is why I think the 400 billion market cap should come first, and afterwards the whole currency shabang.

It worries me the talk of an impending crash is waning.

ergo is a smart word only to be used by smart people
or people who think the big bang theory is a cool show

When are the US senate hearings again?

Is he constipated?

Is it possible the price could go negative with bitcoin?

The only words that will get through to them are:
Silk Road... Drugs... Anonymous digital currency... Money Laundering... Terrorism (this is a big one)...

And that's all they'll need to know. Prepare for the worst guys.

But not before a crash back to single digits? Just spitballin' here.

http://www.banking.senate.gov/public/index.cfm?FuseAction=Hearings.Hearing&Hearing_ID=955322cc-d648-4a00-a41f-c23be8ff4cad

Tuesday, November 19, 2013
03:30 PM - 05:30 AM

Is that a typo or what? Or do they actually hold hearings through the night until 5:30 in the morning?

IMO the rally has been running on fumes the last 2 days. We're in for a correction this weekend.

How is people moving around bitcoins an indication for a crash?

Wow that interviewer is extremely cocky and arrogant. You can totally see he's got it in for bitcoin. Even mocking it. That Jeff guy looks like a cokehead though :p

So we can all agree: no weekend crash... Market is too confident. I guess it will happen when we're not expecting it then

I don't trade on traditional markets, so I'm just wondering the following. Take for instance Google stock, right now it's floating around 1000$. I can't imagine the Google stock has the same shitty market depth bitcoin has, e.g. 1000 bitcoins (or 1000 shares) dropping the price by 40$. Why is it that bitcoin has such bad market depth? The price keeps going up but a few big dumps could drop the price back to the low 300's. I can't imagine the same thing happening to Google stock.

^ Thanks for the explanation. Even with the shitty volume the bitcoin markets have, the price has reached nearly half that of Google stock. What could this mean if volume starts reaching that of traditional markets, to the m00n?

http://forum.bodybuilding.com/showthread.php?t=158305383

What the hell is this? Are they actually using the name "coin" for a universal bank card?

It just reminds of the fact bitcoin will never go mainstream unless we dumb it down immensely for the masses.

Anyone think there might be some selling in preparation of Monday's hearings?

1000$ by the end of the year?

http://trading.i286.org/ not working for anyone else?

How does clarkmoody still work for you? It just gets stuck at "Got xxx asks and xxx bids" for me, and doesn't load any further.

I only have windows installed, what's the easiest way to run linux virtually?

Thanks, didn't notice that.

https://forums.robertsspaceindustries.com/discussion/76256/will-cig-at-some-point-accept-bitcoins-as-payment

The hate and ignorance in this thread is so laughable. It really shows the common folk really still think of bitcoin as monopoly money. What would make these people's opinions change? Or will they be skeptics until the very end?

Coins are selling on the euro market at 384 euro...Which is like 518$.

How the hell is china having a rally at 4 am in the morning   

No way, what with bitcoin reaching 0.5k, it'll be all over the news come monday/tuesday. That and the senate hearing. There should be a major push towards 1k if a lot of new blood enters the exchanges.

So china went up 250 cny in the last 30 min. Retracement coming?

I can honestly see this going to 1000$. And once it hits 1000$, mainstream media wil go CUCKOO.

When are they not under DDos attack? Crazy ass russians.

China needs to stop rallying, i want to sleep

Correction time already?

China needs to stop the ascent or it's going to stall.

Of course it will recover, the april crash is still fresh in people's minds. Up Up Up AND TO THE MOON

What ticker are you using to get that info?

http://www.bloomberg.com/news/2013-11-18/u-s-agencies-to-say-bitcoins-offer-legitimate-benefits.html
bullish?

Ben Bernanke, chairman of the Federal Reserve, is also weighing in on the hearing, saying that it has no plans to regulate the currency.

“Although the Federal Reserve generally monitors developments in virtual currencies and other payments system innovations, it does not necessarily have authority to directly supervise or regulate these innovations or the entities that provide them to the market,” Bernanke wrote in a letter to the committee.

Meanwhile China keeps trucking and not giving a fuk

It's never time to sell. I don't get why anyone sells anyway, bitcoin IS a payment system, why switch over to a defunct broken fiat system while we can have something that's 10 times better?

Why are the USD exchanges not following China? ^^

What happens if they run out?

people selling on gox CHINA DOESNT GIVE A FUK LOL

China unfazed. Rally resumes.

Relax, one of the many expected corrections on the way to the top. Weak hands getting shaked out.

Were there actually any whales dumping? Didn't notice to see if there were any 500/1000 BTC dumps. I just saw a lot of small (50 btc) dumps.

So now that we saw that huge rally in China today, any guesses what tomorrow will bring? I'm guessing a lot of Chinese people had put in deposits on the btc-china before the weekend. Most probably the remainder of those people who didn't get their money today will have their accounts funded tomorrow.

Someone who desperately wants out or wants to crash the market.

Do it.

waiting for the correction

How can you see the amount of coins left for sale on btc china?

Are you aware the week has only started?

Why did the bid sum and ask sum half on Gox? Or am I seeing things

LTC is the most elaborate pump and dump scheme ever. Goes up 125% for no reason

lol her name is ramen

inb4 correction

here comes the suit

lol pisscoin

So...wtf happens when the exchanges run out of coins? Any chance that will happen?

Was there another talk about bitcoin tomorrow?

lol @ fukin weak USD hands while China doesn't give 1 fuck

bots going crazy or something?

Is this the final blow to bitcoin?

I am never going all in anymore. Last night when the crash started I was like:

- ok don't worry, this is merely a correction
- 800...700...600...550...
- At this point i was pulling my hair out and getting ready to panic sell

Luckily I didnt and held until it rebounded to 800. But it seriously felt like an April scenario (even though I wasn't there). It's a feeling I never want to experience anymore. Losing all my profits plus some of my original savings feels like the worst thing in the world. I was ready to cry. But lesson learnt...Don't trade on emotions (and yes I've only been introduced to the stock/bitcoin exchange thing since I discovered bitcoin back in April)

I've been around since April but haven't traded much, only since the start of this bubble. Normally I'm overly cautious but the euphoria of the last couple weeks got to me. I honestly believed it wouldn't crash.

April it only rebounded to half of 266. This time it rebounded to 800, so only 100 less than the high of 900.

Can we actually trade on btc-china as foreigners? Or do you need to provide a Chinese ID/bank account?

Has anyone tried exploiting the difference between the USD exchanges en the chinese exchange? Moving your coins over there, selling and then waiting until it drops to buy back in... Then moving back. Does anyone daytrade on there?

sub 500 prices tomorrow

How so?

I might have made a bad decision last night going all in, but still managed to sell near the top and am solid in the green with an 8k profit since last week. And I have never panic sold. And yes I'm trying to spread panic, it's fun you should try it

That's a nice attempt at trying to get the noobs to buy in/panic sell. Could've also said that

All this talk about categorizing bitcoin. Why don't they get someone from the SEC on there too then?

I love you.

Can I hold on to your butt?

Who's putting all the new bids in at 500? Somebody wants the market not to go below 500.

Well if that's not a way to induce panic...

A runner... It truly baffles me people would even consider that scenario. People always have to think the worst.

Even if that was the truth, after investigation by their bank they must come to the conclusion they aren't doing anything illegal by running a bitcoin exchange. Yes they were missing the proper licenses, but surely this can be resolved by mtgox actually getting them and maybe paying a fine to the authorities. So I think in time, their accounts will be unfrozen.

I just went to their site and it seems to me they are issuing payouts to people who are not under investigation of authorities.

You think new money is going to come in after they saw the clear crash that just happened? That, and uncertain dodgy exchanges that hold no certainty in regards to regulatory and legal issues. I think we just need a better platform to trade bitcoins on, that holds no uncertainty in regards to regulation and law, and is operated by reputable people.

Why only 72%? Do the authorities take a premium or something?

I think this will be short lived.

You don't know how bad this is going to get. Double digits by next week.

China doesn't like this rise.

You actually went through the trouble of finding all those posts and putting them in quotes 

All this attention bitcoin is getting is great, but there's one thing missing for mass adoption/speculation: a reliable market. Mt.gox? lol. Bitstamp? Shady. Btc-china? It's in China. BTC-e? It's in Russia for christ sake. Until then I just don't see it happening.

Bull trap, dump dump

Single digits by friday.

Lmao yea, imagine doing a BTC withdrawal right now, people dump back to 300, your btc in limbo for days. Fuck that shit.

Rest of the month, single digits by friday. Then we rise steadily to 2000$ as everyone buys back in.

I think we're looking at it the wrong way. Maybe bitcoin isn't destined to become a currency, but something else. It's deflationary, has no consumer protection, transfers are irrevocable and no identities are tied to the addresses. How can this ever become a currency?

How can big money be stored away safely if bitcoin is still tied to fiat currency? If fiat currency collapses, bitcoin no longer has anything to compare itself to, so how would we express value then? Using valuation in bitcoin itself? How would that work since there's a limited amount...

What about the bagholders who bought 700+? won't they result in downward pressure?

How many coins did you cash out in total?

How are you planning to withdraw it from Gox though? Gonna take the 5% extortion fee?

Why make several accounts when you can withdraw from one account? It's a procentual fee.

He must have his whole family withdrawing then? looool

There's still time to sell, do it now or lose everything.

Only a million $ worth of btc purchased. No biggie.

IMO the people who wanted to take profits or cash out during the run up to 900 already did causing the correction (or crash if you will). The fact that it didn't crash completely shows there are a lot of people in it for the long haul. Now we need fresh money to come in so we can work on getting to 1000$. One should also expect a massive correction at this point since this will be the magical number for a lot of people to cash out for good.

I still am. I also think a lot of people are just waiting for that run up again because they missed the boat the first time, and if it doesn't hit 1000 but 900 or something they might think "fuck it, I'm gonna cash out anyway", thus causing a correction or worse crash this time. But who knows.

Any particular reason why the bitcoin price would surge due to merchant adoption? Let's all be honest with each other, bitcoin is still hard as fuck to use for the average person when buying something. Couple that with the volatility and there's just no incentive for anyone to use bitcoin over dollars.

All it would achieve is bring in more speculators who want in on the craze because they think they might make some profit. Yes that might surge the price temporarily, but it would drop just as fast as soon as everyone realizes everyone else is just here to make profits.

I'm his evil twin brother. No seriously, I just like his face and want it near me at all times.

Yes, they will all buy a fluctuating volatile difficult to learn currency just to buy a sandwich. In the process they are prone to losing money while doing all this.

Come on people, get real. It's hilarious how everyone thinks merchant adoption is important at this point. I'd say clearing up the regulatory status, creating better (and more liquid) markets, and making bitcoin more simple for the average person to use is of what is of importance at this very moment. Not to mention the consumer side of things that needs to be worked on. Why the hell would anyone use a currency that has irrevocable transactions and no consumer protection for large transactions? Yes there are pros to using bitcoin to buy stuff, but all the above cancels those pros out.

I totally agree that bitcoin is some sort of template for things to come. But thinking merchant adoption is important at this point is just wrong. There's a buttload of other stuff that needs to be solved first.

If you do that you're seriously an idiot. Regardless whether you have a hunch there will be a bitcoin rally, that's something only the biggest idiot would do. You'd beat yourself to death if your plan fails...Maybe people just like to live life on the edge. I like a little risk because traditional investments are too slow for me, so i chose bitcoin. But I'd never take out a loan to invest in something (unless I had insider info or something lol)

How much money did they have seized/locked up again? There's 35mil on the order book right now, and who knows how much more on the sidelines? They're still receiving deposits. I'm guessing the majority of their funds are locked up or something at the moment until they get the proper licenses in the US.

What about the weekend dip? Or will it be a weekend crash?

Perfect time for a whale to cash out.

I think it's hilarious people think bitcoin is going mainstream. It's no way near ready to go mainstream, not the exchanges, not the protocol, not the services built around it. No way the price is going to stay at 1000+ for very long. Hordes of speculators will cash out. Yes i'm as bearish as it gets at the moment.

If you like to gamble it's all good. But I'm just saying, once the hype dies down it's gonna get ugly.

The rise in price is not what is bothering me. What IS bothering me is that people seem to think the rise in price is a sign of it going mainstream. BUT IT'S NOT. It's just a hype brewing right now. Speculators wanting in on a quick profit.

The rise in price wouldn't bother me at all if the bitcoin economy/ecosphere/trading platforms/regulation were ready for it. BUT IT'S NOT. And when people realize this it's gonna come crashing down, only to rise again in the future, once all the stuff I mentioned above is in order and in place. Wel...Maybe this is the way it works.

You seem to be forgetting they didn't get the proper licenses in the states and are involved in a lawsuit with coinlab. The lawsuit will probably fare well for gox but I think it might be a long time before they can move USD again.

I think now with this hype raging, bitstamp has come into the crosshairs of all the newbs instead of Gox back in april. My guess is they weren't prepared for it. And can you seriously blame them?

It's uncanny how the western exchanges are leading the price rise this time. China is lagging along. I'm guessing the hype cycle around bitcoin is already dying down in China, while it's still raging in the western countries.

Now that, would be an honor. How much of an effort would it take to dethrone rpietila?

Single digits by monday. How is that a flawed logic?

sell, Sell, SELL       

No wai, it's gonna crash, sell, Sell, SELL          

If only that was me, I'd be so content. That face would actually match my forum persona.

Big mistake... It's never gonna pop back up. Just sell everything and take your losses.

Silence before the storm.

Hah, try doing that when Gox holds your coins hostage for 48 hours.

Dump moar, it's over, final caputilation is coming, single digits by...tomorrow?  

Sell everything.

I'll turn my avatar upside down, will that work for you?

What do you mean? Final capitulation is coming. Surrender now or be forced to hold the bag forever.

This reeks of manipulation. The bears are gonna have a field day when Gox comes back online.

It's funny though, why Gox doesn't do a rollback each time this happens. Doesn't seem fair to anyone. Oh well.

Let's just crash the whole fucking thing and be done with it. SELLLLLLLLLLLLLL

God I wish I wasn't so cheap so I could pay for that RTBTC platform. Looks so goddamn sleek.

I love you.

yesss keep selling my precious

Someone wants the price to go up Getting nervous?
Now I hope we go down, Down, DOWN and YOU panic sell