1.86% of daily growth is completely ridiculous anyway.

....and if this is true expect a massive dump of 100KBTC - that would takes at $70ish in the best scenario - not even counting the stop loss orders and general panic that would trigger. Man, a 100kBTC market dump could well take us to very low double digits.

If I were the hotel staff, I would dump the coins with a market order just to add insult to injury

That's 2 hours earlier than expected, are the Americans awake already?

Was it at market?

You overestimate the negative sentiment the masses have on financial institutions and governments.  Yes, everybody complains but most are content with what they have.  It's certainly not so drastic that people will go through the incredibly difficult processes of setting up wallets, getting money into the system, buying BTC and then finding a way to spend them, which we know are far and few between.  

Crazy selling pressure at Bitstamp

If you did not get it

Speculation: people have sold their stocks on the stock market since that market is over the top now and are moving into bitcoin.

So that is what bitcoin market is down to when you strip everything else away...


Dump, flush, dump, flush, wipe lol

wallzilla is back.

8000 @ 115 $

i am holding.  

Wallzilla @ 113.5 

But on another subject... action!!

This week(including weekend) i plan to sell about 25k BTC. Dont know wich day, im waiting for high price and counting for nice bid walls and then sell-off.

It makes very little sense for the those bid walls to go up (1000 @ $102.3? really?) and stay there. Not if their intention is to actually buy... I mean, they are just letting smaller orders front-run them..driving up the price.

I might regret this tomorrow, but I've entered some shorts in the $103.xx's and am headed off to sleep. I'll either wake up to some stop losses being hit, or it's back to $100 tmrw.

Best of luck gentlemen  

wow 112$ already.
well somebody pushed that price up really hard.
just in time for america to wake up and rally a little bit.

Please try to recall that regions do exist oitside of US soil...

Thats because everybody is freaking the fuck out and not buying...

this is absolutely insane what i'm watching here

he just swallowed 750 coins and now put up the 8k wall again at 76

edit: it's almost like he's taunting that 80 wall showing he can eat it

your bearishness over the past few weeks contributed to me making some bad panic trades and losing a lot of money... so it goes both ways.  It was of course my decision to sell at the bottom and not rebuy again at 66 but your constant harping about hitting 50 didn't help.

It goes both ways.

hoping for a dip to buy back in but for now i'm on the sidelines because i've eroded too much of my profit, my risk appetite is much much lower

What news?

I think we have different definitions of what constitutes "news" then.

The opportunity is under 80..it's vanishing quickly. Read the news, not the boards

Oh come on, another fag gonna try to stroke themself because they stated the obvious?

Yes, a lot were. You think you're special, and that your few word post was worth of being repasted as an awesome, accurate prediction?  



Regardless, MegaBull is running out of cash. He's only got about 3k left on 78 it appears. Maybe a few more k hidden, but I think he's played all of his cards now.

We're on the epic road back to triple digits.

It won't make any difference to Bitcoin if 'Portugal, Ireland or whatever' as you put it go bust tomorrow.

These are tiny bankrupt countries where the people have no money due to their economy being broken for years now.

+1.

By going up about 5%, Silver just increased its market cap 20 times more than the total of bitcoin's market cap. Silver is tiny, so bitcoin is minuscule.

MSFT lost 11% on one day last week.

Bitcoin is almost half the market cap of rhodium right now, which is ridiculously overvalued. It's the only "monetary" metal with comparable volatility.
Comparisons with gold or silver just don't work out, since their inherent value is closely tied to our everyday lives while rhodium is not and neither is bitcoin.

Look it up.

It's bought for bling, that implies value but it's not bought as an investment. It's bought to be used.
Since jewelery isn't even made up of pure gold and is alloyed it's made to be used, a investor looking for a store of value in terms of gold wouldn't care if it's made up of pure gold, even better the alloying wouldn't have to be payed, pure gold bullion is the most popular form of use as investment.
So it does matter if you buy a a bar or coin versus a ring or necklace.

.
That's bullshit. Metric Investment bars are 99.9 and investment bullion coins are 99.9. Oh and comex 400oz bars are also pure gold.
Again, look it up.

$93k says we are gonna stay above 93

I just can't see entering here ...

What do you all think?

IAS

Wait so what happened to the other bit of the wall? Got tired of waiting? Whats he gonna do, just let the USD sit on gox for fun?

I agree we needed a drop to get people to start buying again. But I don't think a $5 drop is anywhere near enough. Many people out there were expecting to see 50 on the last drop and we never made it there. Not saying we do this time, but with the dead volume before the drop, it looks like interest (outside of wales) at these levels is not that high.

Do they have reason to develop further? There is so little volume, why waste money expanding or improving the platform until the demand is there? I don't think this bodes well for other US-based exchanges on the horizon. There is simply no demand for them. I won't be surprised if many months after launching they still struggle to maintain even a small fraction of whatever volume is on gox.

Why does there need to be an exchange for high volume at a time with record low volume? You are assuming demand will follow supply. That doesn't usually happen unless there is trickery or fraud involved.

And the new exchanges will magically have this incredible market depth for mega whales to buy and sell? 

Tradehill? Does anyone actually use that exchange?

From their site:
Monthly Volume: 10,514.62761 BTC

ok good, so how long should i wait b4 buying once my money gets their?

lol...

UP!

I'm impressed, whale buy again against market indicators. Wow!

expect dumping soon ?

Nice find! Not expecting to see that

Who are these crazy whales? They just keep throwing down mother loads, for almost 2 months straight now. In other news, bitcoin hasn't had a new post-266 low in 4.5 months, bubble over?

Bottom line is price going up for ALL THE WRONG REASONS. Why you mega-bulls get behind this BS I don't understand.

*edit*

i do understand because it is your bullshit

People have mentioned showing up in person as well (...or "sending someone"?  )-- any trip reports? That doesn't sound too promising if your balance is in USD.

Stamp @ 129

I wonder whats the real cause of this new rally is.
I hope its not fiat getting out of mtgox in BTC form.

If the whales have any intention to buy and hold, they would let this fear build up. That leads to more asks and a lower price. But not too long, as then we would correct down quite a lot.

Wish I could.

Just wait for the news, serious journalists like the WSJ have already been getting briefed but cannot write about it yet, which should come out around the last week of September. Additionally, this fall there will be probably 6+ 'big names', like Richard Bove or Chamath Palihapitiya [starting at 19:15], in the investment community that will come out in favor of Bitcoin and that will cause a lemming like effect.

And the private wealth managers out of Asia are stacking Bitcoins away as the new favorite asset class. Many of the HNWI family offices will not make an investment in the sub-$25-50m range. So, when Bitcoin melts up then it is going to be free range for a lot of these ultra-rich Asia families to move in.

If about $1m of new capital moves the price $9 then just imagine what $500m-$1B of new capital flowing into this asset class would do to the price. Especially if that $500m requires 'clean bitcoins' from a known source of funds. The making of a 'melt-up' in price to a much more fundamentally sound valuation since Bitcoins are largely undervalued given their characterstics (no counter-party risk, cannot be seized and equity based like gold).

This is going to be a wild ride this fall. So strap yourselves in and let's kick the tires and light the fires!

I'm good with this shit.

A storm blew down your apple tree.

Makes it easier to pick the apples.

The Polar Express is on a railroad track.

The Polar Express goes to the north pole.

North pole is on top of the world.

Bitcoins will be easier to get and on top of the world.

I'm going to Thailand for 2 weeks and won't be able to check my positions every 2 seconds.. Not sure what to do there is no way I can walk away with a position I think, maybe a very small one 20% or something

Going back to the "mike from ebay" thing: nightowlace story didn't seem a lie to me, I was just amazed that he did not ask more info (last name and position) to the guy making the questions - now I see he did.

Nevertheless, I still cannot understand how Paypal/Ebay could be seriously thinking about integrating Bitcoin - it's totally against their interests. Come on: irreversible transfers, decentralized currency, pseudoanonymity? It's a Paypal antagonist, I really cannot see how they could support BTC, it is completely opposite to their philosophy - in fact, aren't Paypal and Ebay jerking around with people dealing with BTC?

As I said when I saw the CEO of Paypal speaking about BTC: I'm very sure those guys are looking closely to BTC, but IMO they would develop their own proprietary crypto, they wouldn't embrace BTC as it is.

I did some digging and the video can be found on eBays own servers as well. I'm not sure who is allowed to post in this blog though (are all the posts from eBay employees?).

http://deals.ebay.com/blog/whats-the-deal-with-bitcoins-anyway/

I think it's fake, unfortunately.

This link shows the same page:

http://edccdn.com/bitcoin/

24hr volume on Gox under 6,000. lol.

Turbo-ultra-mega-bulls:

I'm interested in your tinfoil hat theories about the laughably low volume on weekends and/or other days when Gox is not crediting accounts with deposited fiat. Specifically, please explain in detail why/how this volume indicates genuine demand to buy bitcoins at these prices.

Thanks in advance.

It is exactly these evil manipulators who just dump regardless of the market at large and the effects who keep us from realizing the true value of Bitcoin

Disclosure: I adjusted a little bit down this week. Wanted one of my companies to buy more silver. If anyone is seeking to buy about 500 BTC for a price higher than in Bitstamp, drop me a line. Otherwise I will just dump them.

Yeah, his price today was $133, which satisfies me. How can I sell them to him?

This BIT will almost certainly utilize fractional reserve, as all the similar gold and silver entities have done, and act as an agent of price manipulation. (If not, the relevant authorities will shoot it down or make sure it won't even launch.)

Gary move out, only 41k BTC left on mtgox. Buy your chep coins before the others.

41292 BTC, liar  

BTW, support is abysmal right now. 8k buy to $150. 8k sell to $132.50

I think this confirms that this is a rise based on MtGox fear, not good news. [If people are worried their money is fake, then they wont be placing bids.. just market orders.]

Interesting quote:
Now, my goals have shifted. I want to use economic theory as a means to abolish the use of coercion and agression amongst mankind. Just as slavery has been abolished most everywhere, I believe violence, coercion and all forms of force by one person over another can come to an end. The most widespread and systemic use of force is amongst institutions and governments, so this is my current point of effort. The best way to change a government is to change the minds of the governed, however. To that end, I am creating an economic simulation to give people a first-hand experience of what it would be like to live in a world without the systemic use of force.

Looks like this may very well be the guy.

It's a stupid thing to say if you run a black market...

So how low do we go???

this is a major event, price will drop a lot now.

We're way up in the bollinger band. Bid depths everywhere are horrible. China's new resistance after breaking 900 is... 915.  I'm calling a retracement.

In case anyone missed it

Anybody wants to call the top?
166 from me.

180 will be run over...

I'm going short now... pullback soon

ya heard it here first..

That's probably not going to end well

What's your target?

R.I.P

10k wall @ 273 appeared

Now I can't sleep... For every $1 above $300, I will shotgun 1 beer tonight.

I think china is about to explode, I think its about to explode everywhere! BUY BUY BUY!

.

 But that seems like something around or north of $500 at least. Something that just gets wild.

Google trends:



1-year log chart for MtGox:

Honest question: Is $10,000 possible in 2014?

Tip for our dear early adopters, if you get are annoyed by these "Loaded" guys, take a notice how he mentioned buying with gold and silver.
If you read between the lines they are close to exhausting their funds. I wouldn't hope for a bunch of bigger suckers at this point....

the amount of panic buying is remarkable

what do poeple think their no resistance at 850+ pirce is going to magically go to 10K in 2 weeks

omg ahhh grrrrr

why did i sell 1% of my bitcoins NOOOOOOOOOooooooooooooooooooooooo

Gox wall at 666.66666 

Zynga is a legitimate reason enough.

You need to panic buy ASAP!!

Rally is over. Time to panic sell again. Go you sheep!

Bitstamp is down... 

Imagine this happening 6 months ago. How the price would rise.
Now everybody is like who cares. We're waiting for anything slightly negative so we can totally panic. 

So why would Stamp and other exchanges rally too? There was no information released regarding them. Stamp already fixed its withdrawals days ago. And IF gox withdrawals are fixed all it means is there are more coins on the market getting dumped into Stamp.

+1

Many are blind here, and still have hope of a back to normal situation. MK is giving them this hope.

There is no legit reason to limit bitcoin AMOUNT.  MK doesn't care about btc price on other exchanges!

Also, this announcement confirms to Billy & whales at gox, that they were right not being in btc, as withdrawals in btc will be severely limited in amount.Through legal avenues, fiat could be retrieved..

I sold first thing I saw that wall...

But, those set of 3 market sells of about 300, after the wall was removed? Yeah, that was him.

His wall also reduced by the same size.

Definitely looks like he wants to sell.

has anyone tested it, to see if it is real?

I hope it's someone who just woke up, saw Mark resigned and the twitter got emptied and freaked out. If this is inside info trading I'll be well screwed lol

WOAH okay maybe not. A 5000 gox btc wall at 0.19

Any good theories on why China doesn't care about this?

Huobi price is still at $535.

Exactly, there's just no information at all out there. I'm totally confused right now, why the hell don't they release a statement already, ugh.

The recovery is maxed out for now. It's going to take at least a day to consolidate and break $520 if not longer.

There's gonna be some negative sentiment around for some time; I hope some of the more eloquent and rational BTC champions are going to be able to provide some balance to the sensationalism.

But I fear a lot of Max Keiser shouting and gurning.

You seem to be forgetting that there were also a lot of fiat afloat at mtgox that was meant for BTC. BTC will lose that fiat, and probably any new fiat that would of came from those who owned it.

It's fun to see how everyone are trying to downplay the gox situation and are trying to make this look good.

Which way are we going once it consolidates?

Is now a good time to buy?

Boston South Station?

could be ... it needs a bit more confirmation to be sure, though.
retracement just started, let's see if the 1k wall at 620 stays there or is pulled quickly.

Jeeze, what just happened to litecoin?

Wall at 700 looks a bit too big to break with this low volume

Even though I'm long term bull, this has to be a bull trap. All these people could have bought last week for less money. Why is Bitcoin suddenly more desirable to them now than it was before? Nothing has changed.

I guess that's for the 2900cny break on Huoby

Bedtime. Maybe my shorts will fill before I wake!  

Wow, what a day. All my shorts up to 520 filled, but i cant say im feeling comfy.
Still hard to believe that this is it, the turnaround we've been waiting for on such anemic volume. I'll take a hit at around 600 and rebuy.

There's just something off about this rally. I understood the rally after silk road closed.  I understood the rally after Gox closed. I don't understand balls to the wall in China when The PBoC has not reversed policy or no major exchange has closed. A market that suddenly changes direction without a retest of support and news that amounts to a loophole that may or may not be closed?

To use Alan Greenspan's term, it looks like "irrational exuberance".  Demand that appears this suddenly can disappear just as suddenly. Supply that can disappear suddenly can reappear suddenly. The market is too thinly traded to be trusted.

WTF...

Has anyone been watching the alt market it's going crazy. http://coinmarketcap.com/

Check out the "order by % change "

I'm not sure what to do?

Not sure what you mean by explosion (though VTC has lot of space for it) but VTC had 200% pump the day scrypt ASICS were announced few weeks ago.

It's still a good buy, specially if BTC doesn't drop more.

Lol, you speak about "long term prospects" for the nth clone of BTC?? You must be kidding, or blind.

Bedtime. Maybe my shorts will fill before I wake!  

It's now 10:47 AM in New York. My experience is that we see the next round of volume start to come in sometime between now and 4-5 PM NY time. Lunch time and evening.

LTC hasn't followed much, which is a cause for concern as it usually follows btc at greater percentage!

Its crazy to imagine that this rally could be caused by a billionaire trying to get a nice stake in bitcoin.

Hmm, appears to be a 130~ mini-wall at 498 Stamp trying to push this thing up. I wonder if anyone will follow this time. volume really died down! I am not so sure about that trip to the moon just yet

Ah ha, new wall @ 530.

Your whole argument fails here. BTCChina was established in 2011 after the $32 bubble. Bitcoin has been opening to Chinese since that was only $2

Time for some 30-40$ correction? We went up almost 90$ in 3 days...

We're not going up anymore so someone will start dumping for sure.

So many bear traps on teh way to teh top.

What is your source ?

Expedia and Yahoo won't save the price, who can? some one already did it twice today, and guess what, there will be more

And the sheep go....paaaaanic!

Hi, greetings from the vast newbie/lurker community.

Would anyone care to speculate or provide a link as to the ramifications of $1 billion being dropped on the market as a long-term buy/hold. I suppose this probably won't happen until Wall Street or some other regulated exchange is able to be used. Just a random, large number I picked, but I'm new to all this and am curious as to how people will react the when/if the next round of big money shows up.

Thanks for your thoughts, ideas, and pictures.

i think it's pretty unrealistic to assume that these coins will be sold at a premium. however, any assumption that the coins will make their way to these horribly illiquid exchanges to chase arbitrage, is also misguided. there's a lot of variables at play.

Did you look at the two photos? Those aren't even the same person. First name and Last name cannot be used as a primary key for identifying people

Yes, exactly! Bitcoin doesn't even aim to create wealth. It aims to store and transfer wealth, but because of it's overly simplistic financial properties, it fails to succeed in it's goals. Without a mechanism to keep stable unit value, bitcoin is a gimmick of an currency, that is more of an innovative gambling platform, then a serious financial tool.

I like the idea that it is based on and I think that we'll see some interesting developments based on that idea.
To me, worshipping bitcoin is like worshipping macintosh 128k and thinking that it will be the future. The idea has potential, not the present simplistic models. Worshipping bitcoin is based on the assumption that technology isn't constantly evolving, but about stagnation. It's the mentality of the get rich quick folks who are afraid on development and they wish that the world would be as static as their own intellectual development.

It seems a glitch to me.

And here we are now. The pboc said there is room for Bitcoin. There turns out to be no ban whatsoever. And nobody gives a shit. Who cares about China, right? We have small auction to panic about instead. Way more important. How exactly nobody knows but it's good for keeping the price down. So we'll take it.

oh man, we haven't been this far past the 600 barrier in a few weeks. tomorrow will be the first monday after the firesale..

How? I don't see anything odd. Just a few people taking profit.
They are happy now because they made 200 bucks and will buy in again with a loss when the train moves on.

Sad bear is sad.

Dumb bear is dumb.

We will see 650 this week.

Told you bitches.

Really, price moves up 10% in 1-2 days and people are already getting impatient and antsy when the price stops moving up for one day or omg panic it moves down a whole 20 bucks! Another bubble with a seemingly endless parabolic rise is not going to happen at this point with the exchanges we have right now. Fundamentals and technicals are looking good but it's not just going to rocket up in a few days, the ride up will continue to be bumpy and takes time. People are spoiled and have no patience in the Bitcoin world, it almost makes me wish professor bitcorn was right. But not really, because the naysayers and pessimists are even worse.

cost / value ratio Plummets yet again!

I'm just going to repeat myself, this is not sustainable, >800$ next week GUARANTEED

So what is keeping the train at the station this long?  Or are those of us that have been through a "bubble" or two just getting a bit impatient this time around?  I guess we were stuck at about $120 and $140 for a while last Summer.

Good news on bitcoin seems not do much to raise bitcoin
We need bad news on fiat to move bitcoin up

Wth is up with Stamp. I see a 60 coins bought taking us to 650 and a minute later without any big sells we're at 645.

so bored with the price right now

ye well, first it was China, then Russian, now EU.

USA is next ?

Thanks. Only a few pages in but very vague so far.

EDIT: The exemptions are clearing a few things up, seen nothing defining miners yet but 200.3 c 2 clears things up for users and merchants:

(c) Exemption from licensing requirements. The following Persons are exempt from the licensing requirements otherwise applicable under this Part:
...
(2) merchants and consumers that utilize Virtual Currency solely for the purchase or sale of goods or services

But...can somebody tell me why out of all news recently this is bullish?

Snowball

One of the possible sellers on bitstamp seems to be second market.

They sold about 1771BTC accordin to their newest update yesterday.

Some big bids being placed

Hope someone forces them to chase

Exchange gap narrowing, price creeping up.  

Short squeeze soon?

Litecoin was a very good trade for those who bought at $3.xx, they could make an easy 30%, but I don't think it is going over $5 (lets hope not )... and I don't think Bitcoin will go over $500 either.

buying pressure too high right now. china wants to go over 3100

Prepare to be steam rolled. 

Why? I don't see any strange things

https://bitcoinwisdom.com/bitcoin/difficulty
https://blockchain.info/nl/charts/hash-rate

https://www.youtube.com/watch?v=pF7HxLCFMeY
PayPal featuring Bitcoin in his app, "We can spend Bitcoin with a tap"

Take a look to the video, second 9 

OH HELLO THERE

Mining equipment generates lots of waste heat, I know... but this is ridiculous:

[ Courtesy of Google Translate from a random Chinese article  ]

Look at the infrastructure being built, that is the value, not some Ģ symbol.

Pain is just weakness leaving your portfolio.

^that.

The speculatory value of BTC is dead. It never needed to cost thousands of dollars to be functional or useful.

For better or worse, no funds available until tomorrow, possibly monday. It'd be faster to fly cash to the exchange in person.

The asks are back with a vengeance.

More merchant adoption?
More merchand dumps!

All of them using bitpay/coinbase which immediately dump them coins. And people do not buy those bitcoins back I guess.

It has been decades since the last time I saw a merchant offering discount to clients who pay in cash rather than CC. 

Doesn't your chart show dollars in circulation though? 

All you're showing is inflation really.

Also this:
http://www.slate.com/blogs/moneybox/2012/08/03/the_monetary_base_is_irrelevant.html

No, there are 21M Bitcoins in existence. It's just that not all of them have been issued yet.

good news means slight bump up and right back to downtrend

Who is going to buy coinbase / circle / bitpay first?

Is there really not a single whale who would f*up other whale just for fun? Or they are really all so connected?  

as can see from this graph the dollar is rising for it's third peak in five years.
each peak is followed by a crash.

+1

The permabulls you're talking about are just miners dumping their coins like no tomorrow & they're trying to get suckers to buy them for as expensive as possible!

But no... don't even so much as breathe the word 'manipulation' on these sub, lest you get completely ridiculed and called a tinfoil hat wearer.  Even though the whales' intentions are so obvious an 8-year old could figure it out with the data.

This guy already has a massive stash. This behaviour is not of someone selling to buy back cheap. It just isn't.

try to sell 10 k + coins on bitstamp and watch what will happen with the price.

The federal reserve is ending QE.

correct, you see the point and The Winkelvoss EFT is a dump. They bought a lot of Bitcoins and can't unload them without crashing the market. The EFT is a way for them to exit Bitcoin.

It was gulped down in one bite.

I haven't so far...so for the sake of the n00bs, what's about to happen? 

The speed of the rebound will increase as it picks up speed

Wall at 363 Stamp.

WHY is no ONE talking?!?!

where are all the asks on bitstamp? ~2k to 400?

1K wall appeared at 375, followed by market buy to 379.99 then promptly disappeared.

I guess correction time is coming soon again. But looking great so far.

LTC struggling to keep up atm - if that decoupling continues it should be interpreted as very, very bullish.  

That was a hell of a rally... put back on the shorts at 387, though. Too much, too strange a time, and the secondary markets are still bearish. We are breaking the trend, but we haven't broken it yet. This is probably actually no man's land for trading right now (we went too low, this is probably about right in the interim).

13,200.49 BTC shorts   

did to anyone occur that he who is opening those short knows what is he doing?

no, directly from mr 30 k guy who is btw raping stamp's order book since july.

would be amazing to see...could ignite a temporary chain reaction with a ping pong over a huge price range

Hate to burst your bubble but take a look at longs. They just sucked up all available swaps no more free money. And $ wise they outnumber the shorts by far. Or you can just disregard this and keep looking at shorts

You would think that they could just buy more off the exchange?    

How complicated is it?  I think that is the most annoying thing about Coinbase by far!!! 

Thank you bitcointalk, you have done what 3 psychiatrist couldn't. I fell good.

PS: There is a wall at 350.

dat wall

3K wall @420

and I bought at 300, didn't want to risk holding Bitcoin for more than a couple of days.

Do we run to 4,500 before the first correction / retest?

Running....prepare for idiot dumbers

So....

Ebola: Bullish or bearish?

That buy wall on Huobi 

CHOO ALL OF THE CHOOS

Yea, what a great idea...for the easiest way to lose money, when we advise people about investing only what they can afford to lose because of the risky nature of Bitcoin, you come here to advise them to put all they've got into it.... the best pump and dump pyramid scheme.

So true. People who been around since early 2013 or earlier and still didn't invest much/paid attention to it tends to become pure poison later.

TL;DR - BUY BUY BUY!



disclaimer: mmitech, you're not that bad though, compared to others

If that is indeed the case, why exactly are you spending your time here, on a Bitcoin forum?

Surely, if Bitcoin is destined to end up in the dustbin of history you could find more productive things to do with your time?

I wonder what mechanism could make it profitable for you to spend your (presumably) valuable time on the enthusiast forum of a doomed technology?

It seems to have accomplished its purpose over the 9-10 hours it's been there. The price has risen from 2300 to around 2400.

Edit:  When you consider the likely response of governments, which we all know are on the central bankers' leash, the "investment" starts looking even less sane.

I have that strange feeling that Mr. 10000BTC @Huobi might get his wall filled in the next days and wonīt have to chase to price.
My gut tells me, so itīs most likely legit.

It was pulled as the price neared it. This is called "being fake". That was the test.

Also, I dont think you understand China markets have waves of high volume and low volume. -1hr to about another +2hr are almost always very high volume. -6 to -1 are not very high volume. Hence, "CHINA WAKES UP SOON" posts.

sold himself a few walls hmm

Huobi looks like it wants to choochoo a bit

Winklevosses, Draper, Horrowitz, Wilson, the list goes on and on and only serves to show: The establishment in Silicon Valley is already on board of Bitcoin, and they will never allow the price to get too low (long-term) as long as they haven't cashed out yet. If they wanted, they already have not only the financial but the legal means to prevent new lows. It's completely legal to manipulate Bitcoin prices.

I heard SR2 is closed

Byebye Bitcoin

Another weekly pump to pick up some shorts, back down we go

  When self-regulation failed, governments stepped in.  

Did it torch up like a mountain of old tires? 

>Cowboyminer: Smallfry.

>NSAS: Inexhaustible supply of $$$

Who's in deeper shit?

Down trend definitely finished. $500 within 10 days

So is this the short squeeze everyone has been predicting?

Yeah, I expect stabilizing around $400 +/- $5. This is too high

Rally is over. 350 again this weekend. The dumpers are slowly taking over.
And we all know it drives them nuts that their coins are worth this much. So they will do everything they can to take us down again. Which will be easy as the buying pressure is dissapearing again.