It's certainly possible to make additional profit trading, and despite the many losers there are always some winners. It seems to me, though, that the average person would be satisfied with Bitcoin-level annual gains if they truly believed it had a future, or if they fully understood and internalized the idea that Bitcoin is a heavily asymmetric bet. If you believe Bitcoin has a good chance of going mainstream, you believe you've been privileged to identify the investment opportunity of the century in the form of simply buying and holding.

Of course "you can always have more," but is it really that people are so easily looking this gift horse in the mouth, or is it something else? It seems to me that such a ready desire to increase the risk is more a sign of not really grasping Bitcoin's potential. It seems the mentality is to "get while the getting's good" because Bitcoin may not work out. I suppose everyone's had that thought at some point: "Bitcoin may eventually get squashed out of existence by governments or hackers, but I bet I can ride this train for one or two big jumps and cash out enough to live on." With that fearful mindset it becomes appealing to try to boost your gains since you don't know if you intend to see where this ride goes, and you don't really know if you believe it could ever reach $10,000 or $100,000 per coin.

And really, that's fine. Not everyone is a visionary, and this isn't a religion. Moreover, some bitcoin holders are experienced traders and would only risk small portions of their stash. But the tendency for so many people to so readily engage in notoriously treacherous trading trying to catch price movements seems like it is a problem of lack of education or thought about Bitcoin's potential, including perhaps deep understanding of economics and technology adoption and otherwise how deeply broken the establishment systems are and what circumnavigating them would mean for the global standard of living.

this ... is exactly why most people will not touch bitcoin with a 10 foot pole... only a few suckers will do this, and btc will get a bad reputation- it is actually pretty bad already among the normal people...

ask anyone who is a CFO or accountant if they think any large business would want to use a currency that fluctuates by 50% in any given week, and has an ultra thin market.

I think it will ripple out like a wave till midday or at least 7am est. Think people are wanting to ensure if they bought in last week or two weeks due to a bunch of new blood buying in (me included) that they retain some sort of profit or gains. Therefore those going long will pick up big dumps here and there till it normalizes.

posted before but deleted it, because i said it many times.

SR is gone, sheepmarket and BMR seeing exponential growth. (AFAIK from people buying there SR merchants simply changed marketplaces and do the same as before)
Ullbricht in the media worldwide was cheap advertising for new consumers to learn that you can buy high quality stuff on the TOR network.
pandora's box opened and hdyra is grwoing more heads.

this is bullish news for adaption of btc as a blackmarket currency.

Both the enforcers and the black marketeers can see the parts of the black market system that failed.  
Bitcoin provides a money trail for the enforcers when the black marketeers make the inevitable mistake, and for the black marketeers the DPR private Bitcoin hoard remains secure even from arguably the most powerful entities in the war on drugs, and may remain so forever with zero counterparty risks.  
The Silk Road takedown is solid proof of Bitcoin's security and utility.  Bitcoin failed no one.  It is the innocent bystander.

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.

Who's talking mass adoption right now? The recent volley of good news only means relatively greater adoption than before, therefore relatively higher prices.

Bookmarked. Thanks  

EDIT: I calculated the hash using this website - how do I get privkey to it?

Lets make a test with gibberish data:

1. Let's assume that I post this hash:
63978b5bbe593d9a79813b4decabb35120747623693d89cbffb4c0156610bdfb

2. Am I correct to assume that when I am comfortable I will simply post the content of the pre-hashed data and you will simply compare the pre-hashed data with hash? What service will you use to compare?

The pre-hashed gibberish data was:
'the price will crash to below 110. xyz'

How would the comparison / verifiction of the message vs the hash be done using the previously posted website?

No it won't. Wanna bet 100BTC?

I'm starting to feel sick if i'm not 100% BTC at times like these.

http://www.businessinsider.com/man-buys-bitcoin-forgets-about-it-remembers-finds-a-fortune-2013-10

"Kristoffer Koch invested 150 kroner ($26.60) in 5,000 bitcoins in 2009, after discovering them during the course of writing a thesis on encryption"

moral of the story?

buy $26.60 of btc, and wait 4 years

Indeed, although good news has a 1-2 week delay normally before it affects the price.

But that $27 to $855,000 story is everywhere. And just after the Novogratz thing... uh oh  

• AFP (Third-largest news oganization in the world, similar to Associated Press and Reuters)
  
• The Guardian
  
• The Telegraph
  
• Daily Mail
  
• The Australian
  
• International Business Times
  
• Businnes Insider
  
• Gizmondo
  
• Geek.com
  
• MSN Phillpines
  
• And many more in other languages (Google News Search)
  

If the 233$ peak was wave 5, and we saw the 3 down sub-sub-waves, followed by 2 up sub-sub-waves, of which
the second is much larger than the first, then we should see another 3 down sub-sub-waves.
Those new 3 down don't have to look like the previous 3 down, but if they do, we are on a descending trend.
If they look different, then it's possible to resume an uptrend and reach an ATH.
Right now, we already are in the 4th sub-sub-sub-wave of the second sub-sub-wave, so I expect to go down.
But for now the Chinese keep buying and Gox and other exchanges struggle to follow.
Maybe the Chinese will write a new chapter to the EW theory, exceptions to the rules?

Yes, definitely. As I recall, 18% of American males say they use reddit/r/gonewild. Biggest Bitcoin exposure ever on reddit perhaps, as well as the most positive and investment-oriented. Upvoted to like 4000, which is serious frickin' exposure. Plus the story was fromt and center on just about every other news site's tech section. And it was a pedestrian story in the Bitcoin world. The rocket was ready to launch already, but now...I don't even know what could happen.

Bulls know that bears are scared so they are waiting for the dumps to pick up cheap coins. I think there is a lot of hidden buy power not visible in the orderbook. One big buy order is all it takes to ignite panic buying again. We are waiting for you bears, come on don't disappoint us and give the last sub 200 coins to us.

After 5 months of waiting for a $60 bitcoin I've bitten the bullet and bought back in. If ever you needed a sign that bitcoin is due to capitulate to zero, this is it.

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

In less than 5 hrs you'll witness a BIG correction.

What are you hoping for?

I find it so funny when people only see what they want to see (check out the number of posts in the last couple of pages of this thread saying it is about to crash)!

Let's see, what was the price a year ago? Are we any where near that price? 

Sorry you get so mad about being so wrong.

Now...as you were...

Looks like there are no SEPA deposit-queue problems on Bitstamp.

Is this when the wheels fall off?

The next crash will happen on China time - for the most part it's still novel over there and they don't have the experience of living through the last 2 big crashes. Who knows when it will happen, but I'd set a watch to UTC+08:00.

Did I mention that I had a call today via localbitcoins from a guy who had sold his car in order to buy?

Not sure if this is trolling or not.

Market         Last            Volume (24h)   
mtgoxUSD   270.0000   54,196.86

Gox is 1st in volume after a loooooong time

http://finance.yahoo.com/news/bitcoin-total-joke-224200448.html

well... joke is the correct term. regarding the article. 

I went all in at 204, the bear in me died when I saw the move was so obviously coming

BS. Nothing special happened. Is just that after a speculative mania period someone realized a huge chunk of profits, triggering panic sells.

This will happen again - over and over and over. Is just that the bottom will be higher and higher and higher. Until BTC finally becomes the world reserve currency or it disappears for good.

My wife bought when the price was £7.80. She spent £5k and bought 641 coins, worth about £130k or so now.
This was probably the 2nd best decision she ever made (after answering "I do")

I have bought a small number of coins from time to time, but my 2nd best decision ever was to buy a bunch of 5870s back in January 2001.

Lets have some light entertainment, nothing to do with bitcoin, while the weak hands dust themselves off as the price slowly climbs back towards 400.


Waldeck "bei mir bist du schön" ( "To Me You're Beautiful" )
http://www.youtube.com/watch?v=rAi2CbVQIqw

MtGox Lag

<SarahCoinBit> We have 24 hour support and there are people watching, the issue has been esculated and will hopefully be resolved as soon as possible
[11:41] <Boxman90> SarahCoinBit are you migrating to MIDAS atm and is that causing the outage? Simple yes or no will suffice.

[11:41] <+SarahCoinBit> Boxman90: No.  I'm pretty sure it's just ddos

[11:52] <+SarahCoinBit> kanch: We're running a bit slow at the moment, sorry.  It's most likely ddos related

from reddit http://www.reddit.com/r/Bitcoin/comments/1qdpjv/mt_gox_is_down/.

I just had a bit of a "holy shit" moment.

Bitcoin will break China's control over CNY outflows.

It is very hard to get CNY out of China - the cap is 50k CNY per Chinese citizen per year. This is a big reason why there is a huge arb between USD and CNY Bitcoin exchanges: Westerners can't just wire yuan out of the country. However, as this bubble settles down and the arbitrage market does its thing, more and more individuals in China will cash in on their 50k CNY limit, since it is an easy profit opportunity. They will wire their money to Western exchanges, buy bitcoins there, and sell them domestically. The Chinese markets will drift closer in price to the Western markets.

This means you will be able to move money in and out of China freely, by buying bitcoins on one end and selling them on the other. Chinese citizens will act in rational self-interest to effectively "sell" their 50k CNY export limits.

If wealthy Chinese people would like to buy lots of expensive things directly from the West... now they can, by purchasing the import limits of others by proxy.

Of course, China will not like this.

who sells for 400? lol  

Yes, it is...https://bitcointalk.org/index.php?topic=333824.0

I mean really though guys what is there to worry about? A bunch of old senators who can't comprehend a bitcoin, whose campaigns are single handily funded by the greedy corrupt business' and banking establishments of the free world that bitcoin was created to combat, sitting around deciding the regulations for said virtual currency. I totally see them welcoming it with open arms.  

Someone (with a crystal ball) tell me what's going to happen price-wise on stamp over the next 5 hours. Is China still pushing the price up ? I don't see that kind of movement just yet, but anyway it's 5 AM on a Friday morning over there.

Here's why we shouldn't be too worried about bitcoin being "ruined" by allowing US government to track it:

1. It will help bitcoin go mainstream and give it a better reputation among laymen
2. This means all those investing in bitcoin will become filthy rich
3. Liberals, anarchists and those who need bitcoin for criminal use will just develop an alt-coin with focus around anonymity
4. US government looses. It has made bitcoin mainstream without gaining any benefits because of the alts.

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

Another difference is the average cost of the coin. It is much higher now than April. Many current holders bought at above $100 - $150, therefore, it will be really reluctant for them to sell below that price. So I believe bids under $150 don't have a good chance to be filled in all cases. $600 to $150 crash seems huge enough to me.

We're probably not going to see a sub $300 coin again. Forget about $150.

I just find it hilarious that the price goes near vert as I am getting my funds in order...boy do I feel silly for being slow.

I can hope for minor correction through out the week to buy in at, but I might end up just dollar cost avg'n to mitigate a crash or steady gain. However I don't really feel a crash per say as much as some corrections.

So here is a silly bear statement for all the bulls.

What happens when Bitcoin is accepted as a form of currency by the US Government and they begin to institute regulations, tracking etc.
1. Anonymity is gone.
2. The true unregulated, decentralized currency is now regulated an will become far from decentralized. If/when they realize they can't control it, tax it, etc. they will cut all funding sources just like they did with Gox.
3. All online gambling associated with BTC falls victim to current US online gaming rules. Meaning US citizens can and will be prosecuted for partaking in such activities. They will go after exchanges, and gaming sites for funding/accepting "payment" from US citizens.

Yeah shit just got real as far as price goes, but shit is going to get a lot more real once the US Government starts trying to regulate it. Anything with a market cap this high and projected to reach 400 BILLION is something they are gonna take real serious.

I'm a bear right now because;
1. The US Government fucks everything up.
2. New money = weak hands
3. There are some very large holders of BTCE and if they decide at any point to cash in and move on it would be catastrophic and at these prices a bubble would crush BTC.
4. (I'm sure this will be highlighted by all Bulls) as everyone I would like to buy some more coins cheaper!  

It seems that the most of the traffic comes from China. I bet you don't know anything about China and why are they using Bitcoin right now. Until you find out you can't emit any statement because you just don't know. There can be several reasons. Maybe the communist party doesn't allow people to have more than X amount of cash on their possesion, maybe it's hard to move money there, maybe maybe maybe.

Edit: made a quick google search and found this "China employs strict currency regulations that are designed to prevent large amounts of currency moving out of the country" So there is a real use there if that's still the case. I bet there can be many more that for us maybe are useless.

Yeah see, I don't foresee a nation that controls and manipulates 99% of its economy to embrace something "free market."

Stamp just ate a 350 dump, going down 1-2 $...

Can someone explain why it still takes days if not weeks to get money into exchanges to purchase BTC? Infrastructure? What a load of shit.

So, they're talking about USD?

maybe, i think it is very bullish indeed!

Man, I just started clapping. ENCORE

Ernie Allen is honestly really helping our cause. I am very surprised but very happy to see how he is well educated and reasonable in this situation.

Who is this hot asian chick?

how many guys Lost money today, I want to open a confession room like the one in church, come confess to me how much you lost/made

Haha, You just keep on waiting till forever boy.

my explanation for what is happening is :

- early adopters want to cash out at a sweet spot which is now
- so many new comers who still didn't get used to volatility of Bitcoin and panic sell and buy.
- new big players trying to manipulate the market for a sweet buy spot  

First sell-off/Bear trap.

I don't believe they are getting ddossed, sounds more like they cheapskated themselves out of good servers.

My wife told me to sell at $700 yesterday, but I said I was holding.  Think her timing is better than mine lol

I have also tried to daytrade, against hubby's wishes.  I have not gained any coin doing that and I have lost a a little so I guess he is right in that.

btw thats btcchina

I hear it's pretty easy to get the private key for those things. No way they catch on

Gallipi just tanked the price... He crapped his pants and did not answer to the last question, what a fail, Shasky and the indian lady yesterday have kicked everybody's butt

Man, he should have been prepared for that question. If you know BTC you have thought about that. You know that cash is very much harder to follow/track than BTC, you can reply that you can just apply the same rules you use for cash which is what the FinCen lady (or the indian lady that came yesterday) would have answered to that.

I HATE TO SHOUT BUT I JUST GOT GOXED OUT OF THE WHOLE RANGE FROM 500-600... fuck. Damn. Finally, just went Market back to fiat. I'm not holding all the way down.

How'd the transfer go, how long did it take to put your account together, and is it tied to a bank account?

sorry to hear that, waited for a withdrawal more than 24h some time ago.  
perhaps you can post here https://bitcointalk.org/index.php?topic=324918.140
won't make your coins show up faster, but at least more users are informed this way

bitstamp just cost me a lot of money to cash out and now i find they're having problems.  I lose, big time.

I am butthurt right now fully admitted, however the recent events of the past few days do not help show this is not a ponzi scheme because the net effect will be the same.  Late comers spending almost 1000$ for ONE bitcoin will walk away burned publicity will be terrible. Who wants to deal with the stress of pump and dump.  Who will put what they can afford to lose when it is certain they will lose it if they're not quicker than exchanges f'ing up or dumpers dumping.

I'm leaving my profit in BTC (60%) and withdrawing my investment (assuming bitstamp doesnt go under tomorrow cause thats where my fiat is, i frankly wish i cashed out on gox and waited it out).  I'm not fully cashing out because (i'm probably an idiot) I do believe in the idea deep down and thats why this is so painful to watch and gets me so emotional.

Greedy apples doing DDOS and dumps on exchanges to serve their desires do not bode well for a system which relies on trusting the community to preserve value. Maybe long term this will smooth over but I can't see anyone buying like they were a few days ago anymore, Top was 900$

I'm not doing my part to crash it, just took my original money back and whatever happens to my BTC value so be it.  Very dissapointed, but not sure why any of us expected this time to be different

I've gone from 100% bull to 100% bear since earlier today. I fully expect it to be way down when I wake up tomorrow.

Better start thinking up a witty comeback when people at work tell me about how much money I've "lost".

I'm sorry but this is complete bullshit.

The first goal of bitcoin should be to be able to handle the same amount of transactions as visa.
And it is 1700 visa transactions vs 7 possible bitcoin transactions.
I don't understand why so many don't want to see that problem. Still high from the last ath?
Bitcoin is not gold.

That was brought up by Miss Ripple (or whatever her name was, the redhead) in the senate hearings, US citizens are obliged to accept dollars for payments but there's no restriction on other forms of payment instead of dollars.

I actually need it to go up to 722 again briefly so I can sell to "break even"...and THEN we can have it fall down to like $20/BTC!  

lol, I know what happens next BTCChina implements withdrawals in western currencies and the US craps its self trying to compete

How do you get currency out (since you are in an arb opportunity)?

Bet that million dollar bid wall and that buy are one and the same, "Smithers, how does this Bitthing work?"

This is why it is bad. Because the people investing in bubble rises are people who think they will get rich quick (99% of the population which is why lottery is the most profitable thing for states) and when "healthy corrections" happen it's devastating to the reputation to Bitcoin and the bigger they get and the harder they fall the more negative news and I promise you the 99% don't know, care or believe in BTC technology they believe in their dollar and you Bitcoin took it from them.

I feel sorry for the bears who are now stuck with Goxdollars

I can't believe I sold all just under 500! I was so happy to have over a half million $ that I couldn't wait. Oh well, I guess all I can do is sit in my new completely paid off house and cry. lol

Thats news from several days ago.

subway twitter?

If you party by selling a few coins, and treating your wife, she may warm up to it . . .   And then you would have someone to party with  

Afraid I'm not in HK, Europe atm. But hopefully someday I'll get to do some window shopping of top floor apartments there......

The daily chart looks gorgeous. It hit the short ema, and then the long ema, and then the short ema again, and now it looks like its making sum cup and handle up the trendline.

I was following your posts, there is always a crash in your post, each day you post the same prediction, but I see Bitcoin only going higher and the only correction was before and after the senate hearing, look I said correction not crash.

this is not the classic stock market, Bitcoin is unpredictable to its nature, Early adopters get advantage and you never know when some one will cash out a part of their investment, and these charts where you draw lines predicting price they doesn't mean anything and they are based on no scientific or economical ground.

It still surprises me, for someone with such insight and the math as you have, that you're seeing an inevitability to the future based on what has been.  You talk of the 'long-term trend' as if we know what it will be.  We only know what it has been to date and looking at the 'S-curved chart' as described so beautifully by James G. Angelo in what both you and he (and I) see as the early days it is volatile and there is much random unpredictable noise such that the formula defining the curve is very difficult to ascertain - especially with the gradient of the curve being so shallow at this juncture (yes, even at current growth in comparison with potential).  Surely we will only be able to give the S-curve its formula after the event?  Whilst your current calculations and projections may after the removal of noise turn out to be 100% correct I would venture it is a lot more likely to be incorrect, possibly by quite a lot.  There is a danger in having the understanding you do of math that you get to believe what is to come will nicely follow your formula.

Always remember:  This is Bitcoin - there is no inevitability!!!

To get a loan - or not to get a loan.  That is the question.

I've only got 20% of my savings in BTC at the moment, but that was all the free cash I had and everything is else tied up in tax efficient savings/funds.  So if I want to bring more fiat in quickly to catch this rocket I either need to liquidate something or take out a loan.  I can get £7.5K @4.9% on a one year loan, with a 2 month payment holiday at the start and no early redemption penalty, which would take BTC up to 50% of my portfolio (poncey word, but you know what I mean).  Is this a risk too far - or a no-brainer?

People who sold on Mt.Gox are still in denial and waiting for sub 500. I guess they underestimated Bitcoin again.

i'm feeling nostalgic

check out my youtube channel, its hilarious!

http://www.youtube.com/watch?v=Lzl5t1Sracc

Agreed. There are a lot of old traders and early adopter coins there. Despite their issues, they were first in the game and have the most market depth to purchase/trade large amounts of coins. I would not be surprised at all to hear they have private deals with big investors.

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

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

Fill in the blanks:


From March 18 to April 9, in 23 days, bitcoin appreciated 379% against the USD, which is average 7.0% daily. The following day it crashed, erasing all the gains of the last 3 weeks, and providing a stellar buying opportunity.

From November 3 to November 23, in 21 days, bitcoin appreciated 291% against the USD, which is average 6.7% daily. It still has room to appreciate __% in _ days, after which it will _____, erase ___ the gains of the last _ weeks and provide a ________ ______ ___________.


See for yourself

Report back when you are at $100.

Are there any stop orders on QT Trader?

Okay, but there is no stop loss rule where I can execute a market order if price goes below x?

I'm already feeling sorry about selling at 617€.
Pretty sure there won't be a weekend dip anymore ...

fyi : /\$BTC is not a stock, it is a new communications protocol for future ETFs and stocks, currently being treated by Wall Street as a "currency pair" on FOREX !  

They saved my ass so many times I can't count, with a limit order you are totally exposed if a black swan event hits bitcoin and price move quicker against you, it can trap you in a crappy position for ever unless you realize massive losses.

A stop loss is to get out, not to get out at a certain price and then get stucked with an unfilled order.

The slippage is compensated by the massive profits you protect doing this.

If you bought above 500$, I would sell now.
If you bought below 500$, I would buy a few coins below 800$, just in case.

But Sell NOW

i have to admit that i have not used reddit that much that i would know

About DPR:


http://krebsonsecurity.com/2013/11/no-bail-for-alleged-silk-road-mastermind/

Scammed 6 times by redanwhite

Since in 80% of the scenarios it will come down to these levels or less, I am in no hurry to buy back. It helps that in the event of moon, I am still numbered among the ultra rich.

EDIT: I read Zangelbert's estimates only after producing mine.

Mark my words. The Great Crash is coming.

Not really. We had a small farm and none of us kids has a university degree.

I tend to agree...at least at a gut level....but if BTC is not just a speculative fad it will come back...or die like the TULIP it was trying to be....a market (assuming it survives) will always go back to its previous high may take a day or a decade...the key here is it can yo/yo all it wants ...what is the end game say 5yrs or more from now.....is it a beanie baby fad that passes....or a paypal/ebay/inet game changer

anyway....I'm mining now... may mine later..not sure about speculating on up/down...may just mine and hold...if in the delusion of my mind I can show that the miners at least paid for themselves "on paper" I can probably live with that .....comfort level wise....if i'm wrong I still have some gains..if i'm right ..then no need to be greedy...risk vs reward don't ya know..i'll still be way ahead.....

anyway noob comfort level 1 armor 1 weapon 1 loincloth is where i am with this game so far...

Seems to me the manipulators play close attention to this thread. Enough preaching doom and gloom, and then wham, the opposite happens.

All this turbulence... opportunities for the risk takers.

I am upset as this guy.

I will strike when you least expect it. Hint: saturday night.

Thanks for all the advice. I hold my coins and went to bed again and now the world looks better

Was unaible to post because of this Fuc!_§" "your last post from your ip was less than 360 seconds ago, please try again later". That sucks. Comes each time. No discussion possible.

False. The only manipulation is upwards.

The present situation = pumpers taking a break and natural market forces taking over.

I don't think $800 is cheap.

Sorry. I thought this was "The Hang Out Place"

We have less than 5 1/2 days until we are at $1000.  My countdown continues.

So far, the last 4 days have gone almost exactly like I expected.

I have been all in from 20 so... few times i have got few bucks after that, but not for long.

Sure.

So, is that a bet?

My perspective:

Good call Walsoraj. Would it be rather in region of 200 or 100?

Just remember that there are people here with enough coins and fiat to take everything you have. Consider him a potential coin-predator: Assume he has all the 'buy bids' for the next $100 down. The market is quiet, you are nervous, he is waiting. He wants to buy coins cheaper then the current price, so he happily convinces you that more cheap coins can be had between $100 and $200, you sell your coins on the market, unknowing that he has a stake in many of the buy orders going down the next $50-$100. And you place your buy order at max $200, which means you've been tricked into thinking the price will drop unrealistically low, but at the same time he doesn't need to compete with you to buy back the coins, at the price point you just sold at- he's convincing people who sell, to not try and compete with him to buy the coins back.

Be wary my young friend. There is no free advice here.

Well, time to move all coins from gox to stamp. Gox is still charging 0,6% on my account.

But anyway, you see the problem? If you want to make small profits, the fees are ruining it anyway. You pay 32$ on sell and 32$ on buy. So on 20 BTC´s the price must fall at least 4$ only to pay the fees. And the risk is high that you sell and wait for a price drop but the price goes up and at the wors scenario it will never come down again.

Its Monday.

So, where are all these new buyers with fresh deposits?

I already put payment down for a 458. You should get Lambo and we can do a trip together

Things look pretty stable, but BTChina continues to fall.....

is there a safer option (other than paper wallets) where they don't have to download the whole blockchain?

edit: sorry OT

Cashing out dollars, right?

More like: some smart cookie took advantage of the fact that some douches have been foolishly trying to drive the price down by selling too cheaply.

He got to buy cheap.

MAssive front page story on the Guardian site:http://www.theguardian.com/technology/2013/nov/25/is-bitcoin-about-to-change-the-world-peer-to-peer-cryptocurrency-virtual-wallet?commentpage=1

Play BTCbingo:
ponzi/volatile/crash/satoshi/drugs/guns/winkelvoss/tulips

Then leave a comment and straighten these guys out

Funny to watch bear and bull fight it out both in the market and in this thread. 

Lol, one cannot deny his destiny: Once I get my hands on the 8-figure amount of CNY that is sitting in my trading account, I buy a 1600s palace with a 14-acre garden.

  Beat that dude!   (With this rate of value appreciation, you can easily in 1-2 years)  

Google trends:



1-year log chart for MtGox:

1700 coins dumped down from 837 to 800 on Stamp... boy that was either careless or plain silly.
Someone has too many coins to care, I guess.

A hard crash is coming in next few days. Better, get ready for it bulls.

The spread between stamp and gox is becoming important again.

And stamp doesn't move at all.

Big money wants in, big money still uses gox and gives zero fucks about Goxbux, they just want coins.

We all know you are praying for cheaper coins, Risto - just try to keep it serious, right?

I think the rule is that you're only allowed to subtract credibility points (CredPoints, if you will) from someone if you have any yourself. Sorry mate.

Isn't it obvious? We're going UP

Shit I better start panic selling

Damn.... i thought my $50 for 8000btc was good.

Did you get 500k ltc? lol

STAMP:

9k coins to $1k
5k coins from $1k to $8k

All the newborn millionaires want to cash out at $1k

They do not realize that we will go up to 5 digits like a hot knife through butter once that the $1k resistance is broken.

That was the buying plan, lol.

When have I denied that I work for several different companies, managing their (and even their customers') accounts?

Congrats for getting out of ignore

Hoping for some more bearish insight?

Did you buy back in yet?

This market is going to a $1000 and beyond. We are getting resistance as expect. Buying is trepidatious as expected. And what is the result? More consolidation right near ATHs. Very very bullish. All this talk of these schools of whales sweeping in to ruin the party is just urban legend. 10ks of coins are being sold off everyday and here we are still right under 1k.

what a wishful thinking...  the only thing that will crush the price is some spooky news from washington or politburo, other shit is just temporary...

Agreed. We don't know.

It's a "law of the universe" because the last two major Bitcoin rallies ended in crashes? OK.

What's more interesting here, is the ways people like you are using, trying to convince others to sell.
IT WON'T WORK MAZ!
I will show you how to do it properly:

SELL SELL SELL!!!
SELL NOW YOU BITCHES!
IT'S GONNA CRASH!!!

There you are. This way more people will be convinced.

All in all, I wrote what I wrote with a humorous attitude - not an insulting one; I believe you got that...

Did you ever post a bullish sentiment?

When I first heard about Bitcoin, the price was $1.30 ish. I was recommended not to buy because "it was a bubble and would come down soon", so I invested in some mining gear (right before the run-up to $30 and the huge spike in difficulty). I kept buying small amounts before and after the spike to $30, and kept buying through the next year as it dropped to $2. I wish I'd had access to the sums of money some of you guys had when you bought into Bitcoin. But I guess I can't complain at all, my original modest investment has netted me 400x returns and I'm well enough positioned if Bitcoin truly does succeed.

What an incredible journey so far, and so much more to come.

+1 on LTC although I'm also celebrating XRP.  Woot!  Sup Rampion!   

29 

The stupidity was not making a backup.

You know there have to be more than a few wallets full of BTC sitting on hard-drives on computers in second-hand stores and pawn shops. I look forward to hearing some interesting stories.

One of our Partners had been in Bitcoin since late 2012. He died unexpectedly early 2013, and we suggested the widow certain measures of Bitcoin recovery. She refused, saying, that despite she had heard him constantly talking about it, it is unlikely that he had any or that it would matter.

Currently fourth most popular article on BBC news!

Would you guys quit quoting that mental drooling?!
Please?

And we reached $1000. My countdown is over with 2 days to spare.

Like clockwork I'm telling you.

Why aren't businesses adopting bitcoin payments like crazy? we really should start with this now. Amazon, get on with it. We have to make this sustainable and not reliable on the fragile human psychology.

After the $1K mark today; I've been -literally- bombarded with questions about the "roof" the price will be "landed". I know that bitcoin is nothing like anything we know up until today; but still; we can estimate a projected value regarding something similar. Gold.

This is a rough estimation I did back in March (before the April crash). I think it remains pretty accurate to give you an idea. It's also posted at www.bitcoinvest.eu for Greek readers.
The money in circulation today ($USA) is 1,18 trillion dolars (data 20.03.2013, Federal Reserve). Gold minted during our presence here is now 171,300 metric tons. Therefore there's $6,888.5 per kilo of gold. The current (27.03.2013) gold value per kilo is $51,267 (http://goldprice.org/) which means this is overpriced about a factor of circa 7.5. That's because NOT ALL of gold is available for trading.
If the total lot of bitcoins reaches 21M (it comes @ 2140) and NO EXTRA DOLARS are being "cut" (unlikely, but say it is so), the projected theoretical value is 1,18 trillions of $ /21 Million Bitcoins= $56,190.47 per bitcoin.
If you now take in mind the overpriced hypothesis of gold; then you get the idea...

PS:
It's also posted here answering (guess) the same question...  
http://np.reddit.com/r/Bitcoin/comments/1rloww/serious_question_do_we_have_any_reasonable_idea/

If you have any objections; please let me know.

Surprised ? Who ?

When it was crashing from 900 and we reached 550 USD I said : It will fall below 500 but 400 will hold. If 400 holds then we will hit 1000 USD within the next 10 days. And here we are 7 days later... All correct.

Expect more of the same, going up strong with some corrections/ crashes on the way. For exemple we maybe hit 1600 before crashing back to 1200, then resume rise.

I believe it can again double by the end of the year to 2000 USD. A more conservative estimation is 1500 USD by the end of the year.
In 2014 I believe we'll witness the bull through the 4 digits with the 5 digits in sight. When we reach 5 digits is anyone's guess but I personally see it happen within 12 months.

LOOOOL, surf the forums, you are just saying the same thing some stupid things that were repeated over and over when we hit $22 at the end of January 2013.

It will at least double again before crashing. And it might very well implode for good at some point, but not before 5 figures.

Mark my words.

I think he finally found out that we won't go to 50 before we can go up.
Some people are just a bit slow.
But good to see he's ok now.

Remember people when we had a small debate with rpietila about where this would go? He was stubborn bear talking crash and I said to the moon. Would be nice to hear from him: "I was wrong" But I think that is not like him. Maybe I'm wrong this time.

EDIT. Didn't notice you just posted

LTC dropping fast

WoW, german radio (SWR3) bashing bitcoin:


- Not legitimate
- Not backed by anything
- Could be gone in a year
- Keep your children away from it!!

 Man, do these guys make awesome predictions.  https://www.youtube.com/watch?feature=player_detailpage&v=suyOUiInQwA#t=616

he bets his reputation?

What's his reputation?

what schemes? losing money?

if that was one person playing around, firing 200 and 500 market orders, they just lost over $20k

Few minutes ago somebody bought 250btc on stamp... with 0% fee, it's a perfect time for arbitrage + gox announced today that their bank doubled the limit for SEPA withdraws.

so they want to lose $20k to "try to cause some disorder"

give me a break pal

think before you type

lol @ you calling people noobs

you're complaining about this 'disorder' while some of us are busy making lots of money because of it

you sarcastically said:

"So... increased liquidity leads to decreased volatility, right?"

do you believe that statement to be true or not?

if so, then if you think that we are currently volatile, then that means we must not have increased liquidity

someone is wrong. either you or your quote. you can't have it both ways.

Beginning to think 0 fees might have been a bad idea

What frustrates me about the UI is that I have exactly 0.71480550 BTC, and when I type in that I want to sell 0.71480550 BTC, it says I don't ahve enough funds to proceed.

THAT is why the new UI sucks. Oh, and also how you can't copy/paste values any more. That makes everything so slow.

Feeding the greed...  Somehow "a dentist in country X accepts it" becomes "in country X, dentists accept it".

BTC-China & MTGox in sync for the last 10 hours

This thread needs more Samuel L. Jackson memes.

can we ddos that site or something?

where did I put my ion cannon

Bitcoin being discussed on Fox Business Network right now.

Was this it? Starts at 2:10.

http://video.foxbusiness.com/v/2877505242001/is-bitcoin-here-to-stay/

I'm just going to put this out there...Anything below 5k is a bargain.

So let me get this clear:
- You tried to crash the market by talk and by selling, did you pay to hack bitcointalk too?
- Despite your effort price only corrected healthy 30%, which is very bullish

Just like I said. Now ofc there's a possibility that the real attempt to crash the market comes soon after this "turning to bull", but maybe that's not the case now, idk. Nevertheless crashing the market is unlikely to succeed if manipulators doesn't take huge risks and I don't think they are that kind of people (even if rpietila is, hes coins is not enough by themselves).

burma at 12 million?

okay, who wants to go in with me and buy burma?

Old news, it's priced in.

But does one verify the accuracy of those id's?
I fail to remember the price but you could buy lots of fake id's form every nation on SR.

What's price in is that he might be able to dump. All bets are off if/when it is determined that he can and will.

lol.

why should he care? I would dump them just for fun. People do crazy things just for fun.  

What makes you say that?

Do you guys really think Putin would allow the Feds to come in and close BTC-e?

It's in Bulgaria.

But you know, besides that minor detail, totally.

I prefer mBTC... now we're passed it $1,203/BTC, $1.203/mBTC.

Someone buys 700+ coins @ Gox. Follow up: 0.0.

I declare this market dead 

Lol Chinese are pushing back ^^ Over 1030 in Price atm

Useless like gold is useless right?

Bears back to caves. I bought on localbitcoins in the UK near the (hopefully) bottom.

Sigh... China isn't cracking down on it. Read a translation rather than just going by what random people tell you this means for Bitcoin.

I've read it, this is not bullish, you cant see your nose because your big dumb horns are in the way. Dude seriously stop talking shit and realize that bitcoin just had a massive blow to one of its largest client bases.

Wait a second.
Is this just the chinese version of the senate hearings, with almost the same (positiv) outcome but with none getting it because of google-translate-FU?

Please tell me, with complete 100% clarity (not just bullish hyperbole), why this is bad news for bitcoin.

I'm going to bet that you won't be able to do that.

I'll translate this for everyone else:

"I have no idea"

It is your government that tries to take away the last vestiges of freedom from its people. China has been abused enough, and finally has a chance. And does not need your help, thank you.

Almost bed time. I will sleep soundly knowing that we'll be back up near the ATH when I wake up.

Am I the only one that feels like BTCChina exists primarily as a vehicle to surreptitiously get money *out* of China? I feel like that's the elephant in the room. Let's see, can't get over 50K out, but, no problem with these BitThings, nothing to see here...

When I step back, by 20/20 vision sees triangles forming. Are you suggesting that they should see the price dropping further?

But the news has already updated to say it's not such bad news. With that, I can't see latecomers panic selling when the charts also look like they might be bottoming.

"At this stage, all financial institutions and payment institutions" - http://www.reddit.com/r/Bitcoin/comments/1s5hzl/my_human_translation_of_the_china_regulation/

Do you actually inform yourself before posting? I take this as "We'll first check how we can tax the shit out of this"

Oh my god, you don't get it, do you? We "bulls" (as you call us) have explained why we think this is good news. If you want to argue, you need to explain why you think this is bad news. If you can't do that, we're going to carry on ignoring you.

Is your perspective now the following hours, days, weeks or months?

"Bad news for Bitcoin" as a generalization does not exist, because nothing can stop Bitcoin. It is just a question of the way.

Pls elaborate.

What are the chances of Chinese banks boycotting btcchina and other exchanges now? I can imagine the banking partners of btcchina getting antsy at this news.

Lamborghini accepting Bitcoin  

http://www.dailymail.co.uk/sciencetech/article-2518724/Now-buy-cars-Bitcoin-Lamborghini-adds-list-companies-accepts-digital-currency.html

So you don't "give a shit" to be among 10,000-30,000 world's richest. Top 100 or top 300 is the way to go. Yes, you seem to be a megalomaniac and a player. I think I could easily adapt to any of the levels, as could most of us.

You need to earn 15% profit in a row for 40 times to get 25000%. That's really amazing. How many flash crashes do we have since April?

Although being a bull myself. I still don't think this kind of analysis makes sense. It's only meaningful if BTC is the only wealth in the world. Otherwise, it may help you to be rich, but these kind of ranking does not make sense. Bill Gates may have 0 BTC, but billions of fiats or microsoft shares. Kings in the middle east may have no BTC but have plenty of oil.

really , how do you mean they block all bitcoin deposit ?

It was stated before that the offer wasn't from China Telecom , but from a dealer.
Also , that's not the China Telecom webpage.

Baidu are  no longer accepting bitcoin

please find a solid reference this is pretty major news.

we have a great Buy support @ mtgox

Btw, BTCchina is just starting to require ID verification to deposit/withdraw bitcoins. This will scare away the criminals and manipulators who keep pumping the price up.

We crash.

It's not bullish at all. The pump algo operators have to find a different exchange, unless they want to be targets of criminal fraud investigations.

I can't even browse this forum for 2 minutes without being logged in and have ignore turned on. Is that guy Walsoraj a troll or really just mentally handicapped? I can't tell the difference.

All I know is the same people have been preaching doom and gloom since October.. and none of the advice would've helped anyone at all.

As we bounce up and down, the total bid sum is vanishing quite fast.

some one desperately trying to save the price by putting 870 buying walls, the bad news is that few thosedns of these walls got eaten in seconds

At what price did you sell??

Media scared noobs with headlines like this: http://www.rtlnieuws.nl/economie/home/waarde-bitcoin-daalt-na-verbod-china "bitcoin loses value after China ban". Lot's of noobs bought BTC last weeks and they are now panicking. If you know how many phone calls I received this week with questions like: "What is a wallet? ", "I don't have a computer, can i buy bitcoins?". Good news for the big boys however who are still waiting on the sideline picking a good entry point.

Guys, just a question, I haven't been following the news...

Was there a second bad news item from China or are we still talking about the one about 45 hours ago?

Not to stir up the China news again, but for those who attempted to flip off the news as bullish, I fear that may have been a bit optimistic.

From yomofo's post on reddit/bitcoin

China Telecom page from last week. (note the btc logo) http://bitcoinexaminer.org/wp-content/uploads/2013/11/sdgfgh.jpg

China Telecom page from today. (note the btc logo is now gone) http://js.189.cn/w2014


And also Baidu are no longer accepting bitcoin by the looks of it, whom where arguably the start of this Chinese rally.

Although the government statement did not specifically ban companys from utilizing bitcoin, the Chinese people and company CEO's have become very adept at reading between the lines of what their government say.

Still bullish?

http://jiasule.baidu.com/news/52a18454bf9efd290bfdcc69/

Dear acceleration music users:

Due to the recent fluctuations in the price of Bitcoin larger unable to protect the interests of users, in response to the risk of state-controlled bitcoin spirit Baidu music accelerate decision to suspend with immediate effect from accepting bitcoin buy accelerate music services.


Baidu acceleration music


Ignore the music part, thats bad translation

Ok, I think we're bottoming (head and sholders bottom or something).

Soon those who are still waiting for even lower prices will realize they wont happen. It's over. They'll jump back in and in no time we'll be posting pics of trains

Why are you here?   If bitcoin is doomed, then go away, you are wasting your own and everyone else's time.   I don't ignore many, but you are a special case.   Molecular is a respected long time poster, you, not so much.