It is pretty, symmetric even.
Like the calm before the storm.

Thank you for this.
I think I now have the new motto I was seeking:

"COGNITARE EXTRA BUXUM"

Look for it to appear prominently on the newly upcoming bitcoin silver pieces.
Pure cloud-sourced genius, .999 fine.

Well done.  Its often said that if you don't ask, you don't get.
..But I was thinking something more on the order of a specially marked commemorative, encased suitably for display, with a personal note of thanks signed by the designer.  Sources of inspiration merit unique rewards.

The exchanges are growing, but the striking number that ought not be ignored is the futures volume.
It is approaching the volume of BTC-E.
Futures are where the price manipulation will be happening increasingly. 
https://796.com/reg/index/100231

Dow, gold, silver, anything $ denominated.
Bernanke is contemplating easing his foot from the accelerator.
So dollar goes up a notch against other stuff because folks are believing it.

+1

I hope they aren't ignoring it.  It offers an education opportunity at the least.

Well, if you really want the global view on money.  Here is the fresh info:
http://www.bis.org/publ/arpdf/ar2013e.pdf
The Central Banks of the world, their relative debt levels, change over the last few years, etc.

its on www.bis.org
If you want it in French, German, Italian or Spanish.

A word to the wise:
http://www.forbes.com/sites/irswatch/2013/06/25/reminder-fbar-filing-due-by-june-30/

FBAR reporting requirements are due for all folks in the US who have a foreign account that had a value over US$10K in 2012 with the IRS.  
Penalty for non-reporting can be as much as 50% of the value of the account per year (not profit) though are much lower for provably innocent mistakes.

To reiterate, it doesn't matter if you cashed out anything or took any profit or just held it all in BTC, it is the value of the account and it being in a foreign nation that triggers the report requirement.
Call your tax attorney to understand your situation, don't take my advice.

As much as I hate being the bearer of evil tidings, I really love you all and don't want to see you hurt by what you don't know.
This also may be some of the reason for the recent price drop.  US folks taking some out to pay off the tax?

It doesn't even matter if it is BTC or USD$, if the VALUE goes over US$10K adding ALL foreign accounts of anything you have to file.  So if you have US$5K in gold in Switzerland, and $5K worth of BTC, you are at the minimum to file.

Doesn't mean you owe any tax, you just have to file the paperwork.... but if you don't file it, and they call you on it, you have to pay a LOT.  It is a Banking Secrecy thing.

But then you can't call it "BS" eh?
http://www.irs.gov/uac/Money-Laundering-&-Bank-Secrecy-Act-(BSA)-Criminal-Investigation-(CI)

The one that matters will be whichever the IRS wants to use to show that there should have been a filing.

Yes.  That avoids the filing requirement. (If it never reached US$10K in value on foreign land).
There are other ways to avoid it, but that would suffice.
IRS rules are often weird that way.  They seem designed to encourage some arbitrary behaviors vs others.

The word you are looking for is "avoid" not "evade".  The first is legal, the second can get you a free room with bars, but nothing good to drink.

That feature wouldn't do either though, the requirement is triggered by the sum of foreign held accounts going over US$10 in the previous tax years, so it doesn't matter how many accounts you control, if they add up to 10K, you are on the hook.

Again, don't take any advice from me, I'm just mentioning the dragon sitting over there looking hungry.  How you handle it is entirely your business.

True.  Well put.

But also if Foreign acct1 =6000 and foreign account 2=6000, the sum is over 10K and its triggered.

This FBAR report is mostly going to be useful for folks that have never had a lot of money, and suddenly have a whole bunch and can't show where it came from.  The assumption is going to be something criminal if you get audited.  This is a way to put it in the clear and spend it without worrying that you are going to get hit with anything unexpected later. (If you are US).  Its how they got Heidi Fleiss, taxes and money laundering, not so much the prostitution.

Noooo!  She's beautiful!

Incidentally, since the charter of the Federal Reserve has as its mechanism the manipulation of the value of the dollar vis-a-vis other currency, now that Bitcoin is in that category according to FinCEN, the fed could decide on any given day to blow over the market in any direction that suits them.
They could short it to nothing and wait for weak hands to sell and then grab it all back.  They can print as much dollars as they like so you can't fight and win, all you can do is weather the storm.
There are whales, and there are leviathan.

Like the shao lin priest, they walk through walls.
Look for, they can not be seen, listen for, they cannot be heard.

It only took about US$30 billion to break down the gold bull market.  Bitcoin is peanuts to that.  Stay nimble.

There's whales, and there's leviathan.  Now that Bitcoin is a currency, it is fair game for the Federal Reserve to toy with as well.

Agree, better resilience than market dominance.

What it does is make the Bitcoins into an ETF.  There are well established rules for ETFs for taxes and accounting, so it hides the fact that your investment is in Bitcoins making the accounting easy, its just another ETF in your list of ETF investments.

Whether it is wise to do so is an entirely separate question.  

Also, the ETFs are the #1 mechanism that the leviathans use to manipulate currencies (such as gold).  So the existence of an increasing number of ETFs that can move the market however a central bank desires it to move creates additional issues.

Keep in mind that there are ETF's and BTC lenders now.
So, Bitcoins can be borrowed and sold short in a numerous ways.
And...
It is a currency according to FinCEN.... so...
The Federal Reserve is within its charter to manipulate it, and with a tiny fraction of one day's money creation, put the price wherever it wants, 50, 5, 500, 50,000.  Whatever suits them, at will, whenever they like.  And they can do it with their reserve banking partners, with as many billions of fiat as they need.

Enter the leviathan, whales beware.

Today you can go to http://bitcoinfund.eu/  Account minimum is US$1Mil, though they are reputedly lowering it for Bitcoin only accounts.

More likely they will do what they did with gold.  Though that was more expensive.  They dumped about $28billion in a single block trade to break the market down, with an immediate loss of over $1B on the gap down in April.

Account min was wrong above:
Minimum Account size with EXANTE EUR 100,000.
Minimum Bitcoin Fund transaction size  EUR 10,000

If you want to short, call them up.

Or you can do it the penny-ante way and borrow from coinlenders at a high rate.

You are so easily thwarted?

I learned that by speaking with them at the convention.  
Call them up, not everything is on the website.
They are available 24/7, and have folks around the world to answer your call.
https://exante.eu/contact_us/

Relevant snip from that page:

"The broker is also meeting the much waited requirement from the commercial processors and large merchants of Bitcoins i.e. they can now hedge their Bitcoin inventories without liquidating actual Bitcoins that they have been doing till now daily."

So you post your cash to cover, and they sell borrowed coins for you.
https://exante.eu/press/news/314/

So you ARE easily thwarted.  That phone is sooo far away.... can't look away from screen...

No, I act like you goaded me into reading and digesting the information for you due to your incredulity.
Really, you should just believe everything I write.  It will save us both time.  

Use log scales

I bet there will be fireworks.  Lots of fireworks.  And parades.

Red is guaranteed, with some white and blue.
There will also be much drinking and BBQ.  
People will celebrate nationwide.

If your minimum trade is >EUR10K you can also use BitcoinFund's ETF to short.
Need EUR100K minimum account.  Available 24/7 globally through Exante.
They are pro at getting orders processed with minimal market movement for maximal customer profit.

0 and a lawsuit are my worst worst worst cases. 
I like your worst case instead. 
Sell me some insurance?

I agree.  Bitcoin is resilient to law.  It is not resilient from technology.
Any of the largest governments, and even some of the large banks, if they wanted Bitcoin gone, could 51% it.  They could 90% it.  We are a mote.  No mistaking it, we can go to zero.
I am optimistic, I think this will not happen, but I also recognize that it might.

"Most of the ppl" are usually wrong.

No.  Don't have any predictions.
Even whales can't fight the leviathans.
The price goes where they want it to go.

You forget...To news people, a hacker is someone that either knows what source code is, or can read source code.
We are like aliens to these people.

You pay a fee of R2.45 each time you transfer money to another registered m-pesa customer
(About USD$0.25)


There are over 2000 m-pesa outlets. You’ll find them at:
Vodacom shops
Vodacom 4U stores
spaza shops
community containers
all Nedbank branches
selected retailers
anywhere you see the Vodacom m-pesa outlet sign

http://www.vodacom.com/personal/services/m-pesa/aboutm-pesa

Not surprising.
More anecdotes:
At these exchange rates, folks are not spending them and so almost all my orders are USD.
The BTC buys less silver now than they used to.  Had a lot of orders when BTC was >110, more than I could take and clear so I had to limit the BTC sales.  Now it is all USD.

No, it isn't, but thanks for asking.

There is already a Bitcoin ETF, you can short or long but needs EUR100K for an account and minimum trade is EUR10K

I think you made the Mickey's point for him.
Or were you not aware of the effect on those currencies?

So yes it can be done.   Is it good for "Bitcoin"?

Not sure I agree with that as a necessary precursor to the success of bitcoin, but assuming that it is for the moment, how and why does speculation accomplish that?

http://www.spiegel.de/international/zeitgeist/going-rogue-share-traders-more-reckless-than-psychopaths-study-shows-a-788462.html

Mr Pot, meet Mr Kettle

"Harmless" might be overreaching.
If someone wanted to move the Gox price, locking out as many accounts as possible on a low volume trading day just might make that even easier.

The trick you will have to solve in order to have this paragraph make sense, is how to get someone to accept a fractionally reserve borrowed "~bitcoin" as payment.

OK, next you are going to have to solve the problem of how to get someone to accept a letter of credit for Bitcoin.  Or in other words, the same thing I wrote in the last challenge to this scheme.  You've done no magic yet.  It is ~bitcoin, or !bitcoin if you prefer...  Who accepts it?

Paper is paper.  The old game is not the new game, we're talking bitcoin crypto-currency, so you need to improve your trick.

So you don't know anyone who would either take the bait either?  And now you want me to do this magic trick for you?
I am well aware of how the fractional reserve system came into being.  The problems which were solved by the creation of fractional reserve (carrying heavy gold and silver from place to place) are not problems of bitcoin, it moves faster than most cash equivalents and is lighter than a feather.

To perform your magic trick, you are going to have to find "marks" and "patsys" with whom to trade your "letters of credit" !bitcoins.  The trick will be on those that accept !bitcoins for payment for anything rather than asking for bitcoins.  I may have a few bridges to sell to your customers, but I am not going to be accepting the !bitcoins for them.

But hey, you are so confidant in this scheme, maybe you are that patsy? Would you like to buy an online wallet account that has !bitcoin in it for the privilege paying interest on it in bitcoin?  I have been told the seller promises that they won't sell the bitcoin backing it to more than 10 other people and that they won't take the bitcoins out of it suddenly.  It is just as good as bitcoin, really it is.  We can call it !ripple if you like.

If you are going to do this scam, you are going to need a bunch of shills who are going to offer to accept your !bitcoin from your mark after the mark gets !bitcoin from you.  Fractional reserve is a confidence game.  Why else do banks build such impressive structures? They want your confidence.  I'm not saying it can't be done, or even that you can't do it.  If it will work anywhere, it will probably work in a high-trust society like USA.

We are way off the topic of MtGox walls.  My apologies to the rest, if anyone objects, we'll start a fractional reserve bitcoin thread in a more appropriate place.

I just want to see your magic trick.  
We both know how the trick is performed long before we started this dialog, it was done with gold (inflationary only in geologic time).  So don't need proof, just a performance.

Show me the rubes that will sign on for accepting the debt (!bitcoin) of fractional reserve lending of Bitcoin, as a payment for something.  I'm sure they are out there, it is a ancient and brilliant con.  I want to meet these marks, these rubes, and to see you do the trick.  I am also curious to discover what they think after they learn the secret of the trick.  When the illusion is revealed and they realize that the emperor never had any clothes, nor do any of the other emperors, and they aren't wearing much themselves either.  

When their exposure is exposed, they just may want to buy some of my bitcoins, or my precious metals (but I won't be taking any of their !bitcoin for that).  Or if it is too much work, just point me to someone else that is doing it, and I can have my fun.  

If you consider the Winkevoss as the Institutional Investor?  Then no joke.
I'm at OHM2013, a hacker conference in the Netherlands.  I gave a presentation on non-government money.  About 75% of attendees (at this talk, not just the whole conference) had "heard of" bitcoin.  Less than 10% at the presentation had ever owned any, and this is about as deep as you can get in the target market without being at a bitcoin meetup.

These are the early days.

If PP is even contemplating this, they and the people "in the know" would have been buying BTC since it began.  It is not as though SEC would care to get involved over insider trading, as SEC doesn't govern BTC.
Any sign of that buying happening...?

d) is the important one.  If others believe it, the price may move, otherwise...

Granted, the question is whether the future is now.

Isn't there a better thread for this?
PayPal would shift from "engine for Bitcoin scammers" to "big man on bitcoin campus" in the minds of many.  That "good will" might be worth something.  They would also benefit from the carry trade in a way that they don't with USD or other fiat.  They were once deeply innovative, and sought to change the world in the way that Bitcoin is doing so (in the Elon Musk, Ken Howery days, both of whom like Bitcoin).
http://www.mainstreet.com/article/money/investing/paypal-founder-invests-bitcoin

Paypal, with its lobbying heft, may also be sweeping the market clear of the less compliant to make room for it to plop itself down in a clean space in the market.  There is much about this that makes sense, but it assumes a combination of sagacity and shrewd cunning on the part of folks who are keeping their cards hidden.

This IS interesting...

Growing pains are to be expected.  Orders of magnitude differences each year has to take its toll.

Either that... or economists' heads are square.

To use a baseball analogy. 
Monetary policy (Fed action) is the backstop.  Fiscal policy (congressional+administrative spending control) is at bat.

When Fiscal policy strikes out, the dollar goes down down down.  All monetary policy can do is keep some of the balls that our batters can't hit from sliding into the gutter, rolling into the sewer and out to sea.

Too much credence is given to the Federal Reserve wrt dollar valuation, but its not their game to lose, it is the absence of governance on government.

Sometimes...
To entice smaller sellers to get out in front of it so that when it is pulled, the price rises more swiftly and the coins can sell at a much higher price.

The Fed can't directly buy stocks in the way that other Central Banks can and do.  Bank of Japan owns and is buying more stocks.
http://www.bloomberg.com/news/2013-04-24/central-banks-load-up-on-equities-as-low-rates-kill-bond-yields.html

The Federal Reserve has a blank check for currency manipulation, and most currencies have some reserves of stocks, so the Fed is in the game by proxy, but for them to get any stocks directly it takes an act of Congress (like TARP) or it can dabble by funding a Special Purpose Vehicle that buys a broad basket of stocks through indexes or Exchange Traded Funds, but they don't get to pick and chose which company stock to manipulate directly in the way that some other central banks and sovereign funds can.

Hmm...

KYC is not really that hard or expensive.  There are service desks that will do it for you for a few bucks a customer.  Perhaps it is the non-monetary costs that have been more daunting?

Nope, my guess is that he is a buy and holder.  Say goodbye to those coins for a good long while.  One of the paypal original investors was looking to get 5MM into bitcoins at our last meetup.

I <3 all bitcoiners, no matter on what soil they are standing.

Or it is being used in trade, you know, commerce...
Would be good to pull a running metric of how many transactions vs how many on gox

Yes he would have.  It started long before then.

You'd do better to send it to Exante.  They are probably the best at getting trades performed in bitcoin with minimal market movement.

As expected.
And also why Chinese ideograms for Freedom and Harmony bookmark the QR code on the reverse side of the new Silver Bitcoin 1 ozt COLD HARD CASH pieces:

Well.... maybe a pull back not the "only thing" that can ensure a sustained rally.  Lots of buying over a long period of time could do that too, right?

For eBay this makes a lot of sense, its just another currency.  There may be internecine issues with paypal, but there is room for both for at least a while.

Am under 50 and read it, but would recommend Carl Menger over Karl Marx for purposes of understanding.
Though both is better.

yes..  inflation can happen fast when it happens, but we aren't always going to know when.

The onset can be swift:



The macro also matters but is a bit more complex and sometimes counter-intuitive.  When the rates rise, it encourages bond buying (which other central banks do to "back" their currency with our debt), this increases the dollar forex rate, which in turn decreases the cost of imports and makes exports more difficult to sell, which hurts the balance of trade, reducing economic output, but requires the US to become more efficient in order to compete, so we build infrastructure on borrowed money all of which gets dumped into the deficit, hastening the inflation curve.

The last few (every 30 years or so) shows the USA may be overdue...

Also notice that the lower it is before the spike, the higher the spike...

*raises hand*

The world economy is not likely to collapse.  There are a lot of problems, but there are a lot of people working on them as well.  Bitcoin is a great solution to quite a number of things.  Its a great way to make money, have fun, and do good.

The chart does not show any hyper-inflation, just the inflation spikes we seem to have had every 30 or so years since the federal reserve started its games.  Hyper-inflation is 50% inflation per month, a very different thing.

To disambiguate...By a lot of people working on it, (with respect to the monetary systemic problems) I meant you, me, and the rest of us here... not so much "they", the following sentence was the punch line for that.

Show us a wall and we'll stare at it...  Looks like an old slow river valley, not so much a canyon.

But if you are wrong about being wrong, do two wrongs make a right?  That's just... wrong...

That would suggest whale's accumulation is not yet complete, the buy in chunks as soon as sellers appear, then followed by flash-crashing it to set a new base for more accumulation?

A bull elephant!

probably but didn't someone else think it was a bollinger bandger?

They can taper it insignificantly and save face/confidence.

Gox and the other exchanges can be used as price setters and then trades happen off-exchange, so a whale may move the price up, sell x5 coins off exchange and then drop it back.  No fiat need move off gox for that.

I've heard this rumor that Bitcoin is peer to peer.

I'm no conspiracy buff, but wouldn't a more simple/plausible conspiracy be that they just let one off the leash, so that they could then ask congress for more budget/power/authority/surveillance?

A nice addition for the wall hall of fame.

Makes sense generally, though Bitcoin price is more rigid downward than upward.

Yes, in such a case, you would get much lower than 130. 
A large stop loss on real exchanges is what the day-traders and bots are sort of hoping to trigger...  if they can sell into the stop price, and trigger the big sell, they can then buy after the stop-loss triggered market-order selling is done (and any other stops that such selling may trigger) and then get cheap coins.

Thin markets are decent reasons not to have stop loss orders, but offering the option for folks to do it anyway may be in the best interests of the exchange from a pure trade-revenue perspective.  If they were trading their own exchange, then it would REALLY be in their best interests, though that would be inviting the SEC in a away that would best be avoided...

Hitting a 6 month high might pull some coins out of a few pockets anyway.

Getting a judgement is one thing, collecting it is quite another.

I think they were saying "Congratulations on the launch", but something was lost in the translation.
(Translations from Trader to English is like Orcish to Elven, the inflections are tricky.)

What did you use to figure out what the value of a Dollar "should" be?

It provides for some liquidity.

If you look at it through rose colored glasses, it disappears.

I miss chartbuddy.  Maybe start a new thread for it?

Ode to ChartBuddy, welcome back
(With apology to Sting-I'll be watching you)

Every coin I stake
And every move you make
Every high you break
Every wall they fake
Ill be watching you

Every single day
And every move I pray
That my coins will stay
Through the night OK
Ill be watching you

Oh, cant you seeeeeee
Coins belong to meeeee
Now my poor heart aches
With every coin they take

Every chart you make
Every bank you break
Every pattern they fake
Every coin I stake
Ill be watching you

Since you've gone, I've been lost in this rat race
I dream at night, I can only watch this place
I look around but its you I cant replace
I feel so bold and I long for gap retrace
I keep crying chartbuddy please....

Oh, cant you see
Coins belong to me
Now my poor heart aches
Every coin you take

Every coin I stake
And every move you make
Every bond you break
Every wall they fake
Ill be watching you
Ill be watching you
Ill be watching you

I suppose if you are picking numbers out of a tinfoil hat 90% is as good as 4%:
http://thegenesisblock.com/analysis-silk-roads-historical-impact-bitcoin/

Wow, getting cheap near zero bitcoins from the FBI... wouldn't that be a sweet gift.

We´ll walk it up to 145. 

Wall at 145 is going to get some paint knocked off of it.

CoinMKT.com?

True, they just want the vig.

But not yet China Daytime

The chance may be a bit higher than that... given enough time.

"given enough time" 
When it defaults, it likely won't be due to any particular vote.

But Yes, all these "crisis" are manufactured to soak the political donors.

Debt ceilings, shutdowns, fiscal cliffs, blah blah.  That's all a bunch of political fund-raising theater.  Creating and then milking each crisis in turn.
Folks outside the US point and laugh, but it's all pretty much an ignorable if ignoble part of playing out the rope that's left.

Also, given the current administration's proclivities... this all probably has more to do with preventing medical tourism (under the auspices of AML) than anything to do with Bitcoin. 

This is a bearish signal, suggesting the run-up is extended.
Bitcoin kills bears for breakfast though so don't think I am recommending anything.

169 is US$2B Market cap.  Closing at 170 may wake up some sleepers.

This market is still tiny and illiquid.  Big players can't get their money in without stirring it up like this.
And there are so many of us working on making it succeed, just for the love of it, that it is not going to stop in our lifetimes.

Froth?

Who can sleep with all the noise Bitcoin is making?

Most Banks aren't closed on Saturday in the US.

There's a keeper

Not bad for the Magic The Gathering online eXchange.
Those are some sweet magic cards.

Oh wait, these are virtual coins we're buying?  who knew?
I thought I was getting a wall card

Agreed.
If you look at the volume, in currency, across all the exchanges and at the trendlines there.  This is not so different from normal trading activity.  Just a few good days in a row for the bulls, and some bits of new money coming in.

The bubbles have been overall good for the Bitcoin market.  Though some have lost.
They have raised awareness, (though more from investors than from users) and brought new people in, many who stay and learn.

Some new asks HAD to turn up, the old ones were all bought.

GMU is one of the foremost feeder institutions to Washington DC.  It is well respected inside the beltway.  This will be read and attended to by folks that make decisions, whether and how they follow any of it is anyone's guess.

A two day base behind us.  Maybe its the weekend.

Those green waves are crashing over the red shore eroding it and washing it away as more economic activity happens with Bitcoin by the day.

That should be $180US.

Yes, point being the China buys are leading BitStamp and BTCE up as arbs hit.

This is not so surprising.  

China is a very wealthy nation, and these are not expensive bitcoins.
Later they will be more.

China can blow this bubble pretty big.
We have seen nothing yet.
If even a little of the air in their housing bubble looks to find its way into Bitcoin, then this is just the froth.

Inflation adjusted interest rates are veering negative in unbacked currencies that may also default.  The question of the revaluation of discounted future value seems that it is being answered by the market in the moment.

Oh...And tulips are pretty too.  

Doubt he will answer as you are probably ignored, but since you have difficulty understanding meaning maybe I can help make it plain this once.
He is granting you some small measure of success in your ongoing goal of spreading hate for Ripple and yourself.

+1
The price curve was starting to bend up further.  The exuberance gets checked and becomes a bit more rational exuberance rather than that other kind.

My 401K will be a part of the inflow of 401K money into the Winklevoss BCT.  I doubt the trust will drive prices lower.  Money that can already buy that wants to buy BTC will have done so.  Money that currently can not buy BTC that wants to buy it may.  If that money overflows the trust holdings, the trust may buy and so may drive the price higher.

People that want BTC to USE IT won't be buying trust shares, it is for stagnant money, like 401Ks and pension trusts and such.

Sports bar with wifi?  Probably your local Hooters.

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.

If you use Microsoft Windows.  They have a free tool for it here, along with some instructions.
http://support.microsoft.com/kb/841290

Download FCIV, then run
FCIV -md5 -sha1 (path/filename)

If you post the hash (the result of running the FCIV program on the text file in which you write your prediction) then you can prove that the prediction is unchanged later when you choose to reveal what it was because people can check the hash and see that it was the same then as now.

It is secure enough for this.  The chances of a non-technical person creating two files that can collide their hashes is not high.
But if you want to be even more provably truthful about your having made the prediction you can use sha256 if you like:


Then you can just post the hash: 8b504cd67b545ff72c1ca99c9e17e04d
And then later when you reveal the contents of the prediction file, we can all see that it was what it was when you made it.

This wins the "easiest" contest

With all the pseudo-panic, this is not a bad time to fund the education accounts of my nephews and nieces with bitcoin.  Those coins will stay put for years.

Might as well ask: Why does love need sex?
(People are physical.)

Hmm...Thought we were talking about ATMs?

Why does math need engineering?
But you are right, we need Bitcoin Gold Specie too.
Like the virtual dollars used to have silver and gold pieces, back when it worked.

Here is the S-1
http://www.sec.gov/Archives/edgar/data/1579346/000119312513279830/d562329ds1.htm

The section on creation and redemption of shares explains it, but the basics are that more bitcoin can be bought or sold to fund or defund the ETF depending on the activities of the "Authorized Participants" who can do this in "Baskets" of 50K Shares of the WBCT (Winklevoss Bitcoin Trust)  These Baskets of 50K shares will be equivalent to a declining number of actual bitcoin (over time) as bitcoin will be sold to pay the costs of maintaining the trust.

When a new Basket of 50K shares is created (because the Authorized Participants are selling a lot of them to their customers) the trust will buy more bitcoin.  When a Basket is redeemed, this often means that bitcoin will be delivered in redemption, however the trust reserves the right to pay out in fiat Dollars instead of bitcoin in the value of the bitcoin at the time of the redemption request.

Spent a delightful private afternoon with Terrence over tea in his woodland home in California, and rubbed shoulders at a handful of conferences.  He is deeply informed by plant inspired wisdoms and a profound cultural engineer.  He will be missed.

Or his dollars are worth less.

Yes, they had an easier time with the ATM then they did with their camera.

So you expect selling to equal the anticipated new money?

The proportion is the issue I agree.  There is not even US$2.5B in existing bitcoin.  Of that, much less is active.  Whether it gets swamped by inflow depends on the size of the wave.  I'd be happy for some consolidation though.

Even after the big bad news from Western Union that dropped their stock yesterday, I'm not buying back my short position on NYSE:WU.
Long Bitcoin, Short WU unless and until WU buys MtGox and saves both WU and Gox, then I buy back and go long for the long bomb.

Seriously though, if Gox had WU's Money transfer licenses and global reach, and WU had... well...  bitcoin, they would both survive.  As it is they are both dieing.
If the goxxers here need any help putting that deal together, give me a buzz. 

WU would lose no licenses.  WU is already doing money transfer and have the channels in Washington to negotiate on the fines.  WU will be slain by bitcoin faster than they think, unless they do something.  This would be a big win for Gox and a big win for WU, if they can get to "yes" before their independent death spirals sweep them into the dustbin of history.

It would give Gox the largest localbitcoin franchise globally there is, and WU would cut costs tremendously.  All bitcoin holders would benefit.  Its win-win-win.
But... I'm betting they don't, and am holding my WU shorts until its a penny stock

Great minds think alike.

If WU closes a bitcoin deal, you will win on both, if not, I will.  Either way we both win on bitcoin. 

There are more than one.

Which is to say that once it is, it will go somewhere so buy now?

You think 233 by next weekend?

Its perverse.
The PMI comes out better than expected (producers are succeeding) so there is a monetary move to stocks to invest in producing companies and away from the bonds, which causes the interest on the bonds to rise.
But the government spent all the money for the next generation of production already so now has to pay more interest to keep floating dollars.

This meager economic success means that the FED has to suppress interest rates, or the government goes belly up?
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Coinbase buy price is >219, where are they getting them?

This is their rate before commission.  They add .5%  If they are matching internally, they are doing so poorly if they can get them off exchange less expensively.  I haven't seen what exchange they are meant to be sourcing from, if it is themselves it is an opaque exchange entirely.

I should check the cooler, maybe they have some on ice.

Right, that may well be.  Which suggests a forward indication as they take about a week to award the coins bought there to the Coinbase cloud wallet, so not even transferable elsewhere.

They have Fukashima with which to contend, who can blame them?

With free trading, anyone could.  You could build an exchange on your notebook that trades with itself and have beaten gox with free trading.

If you wanted to post something more appropriate (for the day anyway)
http://www.youtube.com/watch?v=D9gYhnUKehU

Train and explosions included.

It is the 5th at Mt Gox already.

So is 2015

I was talking about the price, not the year. 

Sleep is fun too.

Yes, but how likely is that?
The pumping will start in earnest when the all time high is breached, then the news cycle still has to pick up on it.  Then there is the delay before folks take any action.

When they see that huge spike in april dwarfed by current activity, there is going to be a whole new inflow.  Maybe hit an M1 of US$4B or so.

The operative question for traders is whether to sell into it, when, or wait for the bounce after the fall, or just sit tight for the next wave.
There are more exchanges now, and less centralization, better arbitraging tools, and more liquidity.
All of this helps to smooth the market, but we are still going to have these surges.

Another question is whether the Gox withdrawal issues clear up when they can no longer buy the coins on other exchanges for less then they can sell them, by keeping the fiat transfers backed up.

Yes, have had some approach me for off-exchange transactions larger than this, within the last week or two.
There is more demand than can be filled at the moment, so hang on.  It is going to be an interesting week.
(Why they think I have so many coins for sale?)

Step one: The public is starting to form an opinion.  That alone is positive.

In my straw polls, I am coming across an increasing frequency of folks that have at least heard of Bitcoin.

If I were following-da-money, the DDOS today is bullish short-mid term.  It looks like it was orchestrated to drive the price lower as it was coordinated with eating up the bids and preventing new bids suggesting that the initiators are looking to buy much lower.  It appears most of the DDOS activity is on that side of the order book historically as well, which makes sense sociologically.

The geeks are fleecing the wall-streeters...

It is the 5th of November after all.

I had a call from a new investor in bitcoin today.  He had sold his car to have some money to buy in and found me on localbitcoin.
I think he is going in for about 150% of what he can afford.  Maybe he is the smart one?

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

Seems he was prepared to lose his car.  Problem was he wanted cheap coins.  I did explain to him that cheap coins in this market might not be as good as fast coins, which is what I could give him with localbitcoins.   I offered him what I could get from the exchange plus a two percent and some hor d'erves at the local French restaurant while we wait for confirmations, but he passed.  About an hour later, the price with much higher. 
We all have to get our lessons where they come, I figure.  By the time he had the confirmations, he would have been in the money.

We exchanged numbers, so I may call him back just to see how it went. 

That, and maybe a little tape painting so that we hit the new high on Nov 5
Remember remember the 5th of November...

The anonymous collective loves you.  

Coinbase = 274
MtGox = 266.5

Easy exit from gox, buy coins and arbitrage selling on coinbase.

They will only sell 50 coins a day anyway, but even so, it is a couple free coins a day for a few clicks, if you have the accounts.

And because they are getting it...
Its the easiest KYC for the USA folks for small transactions.

Meanwhile on that other exchange that is hitting a new high today...
S&P500 is "tooo bullll"

It is a bit difficult to get fiat in to CampBX, and there are max account sizes.  I don't know why.  
Possibly the engine is not mature, there are lots of limits there.
CoinMKT.com is about the same price, slower site for some browsers but you can do a lot more, and it also has a good number of Alt coins..

I think the US post office limits postal money orders to US$1000, though I suppose you could cram a bunch in an envelope, and send it certified/registered  mail...

With the bitcoin price increase, we are getting closer to having mining be less than "infinity days" to break even on new purchases.
http://www.vnbitcoin.org/bitcoincalculator.php

Sometimes faster coins are better than cheaper coins.  If you want some today, check out localbitcoins or bitcoin-brokers (which is like local bitcoin but with concierge service)

Gotta love a place where someone can answer in SQL and no one bats an eye.

"first" may be questioned, "best" wouldn't likely

How about: Money over IP

Email is Mail over IP - p2p communication without a letter carrier
VOIP is Voice over IP - p2p voice (and now video) without a telco switch
Bitcoin is Money over IP - p2p transactions without a bank

If you are using bitcoins to buy something over the internet, it will never be too late to buy.
As an "investment"? Who knows...

... the NSA.

Its the dreaded pterodactyl head and shoulder.

We know what to do:

Nice, you can afford your own congressmen now.

All the way back to Wednesday's prices?

Or at US$500 per bitcoin?
http://bitcoincharts.com/charts/localbtcUSD#rg60ztgSzm1g10zm2g25zv

Bitcoin is the next upcoming story on Bloomberg, may discuss this past weekend, or?
The quick highlights:

"Gaining in legitimacy and Gaining in value"
"Upcoming senate hearings"
"Does Bitcoin fuel illegal activity?"

Zillow CEO: "Too much shadyness with a currency not backed by a central bank"
Shutterstock CEO: It is a great idea, will take years to grow, give it time"

Banking holiday in USA for Veterans Day 11/11

May he rest in peace.

Difficulty moving money out of China explains both the price difference and the demand for bitcoins there.

Yes, otherwise you will be out by summer.
Tell him you expect him to live longer than summer and want to have more time discussing this with him.

Capital controls tend to increase the price.  Just look at China... and Gox.   

Light that rocket!

You can have inflating fiat debt, where they bank takes the loss on the inflation.
And bitcoin.
It would be doubling down, just be sure you like the house.

Or set it to 1:58 and front-run the herd?

The reason for the transfer is "sending money".

Making 10% on an arbitrage can get dwarfed by the loss in the opportunity cost of moving the fiat around rather than having had it in bitcoin.

There is no spoon!

I don't follow that logic at all.  Why would it be outlawed, and even if it were, why would that create a crash?
Why wouldn't they do the opposite and encourage it?
You are familiar with their position on WoW gold?

You know we've been able to order off Amazon with Bitcoin for quite a while already, yes?  Using Amazon Gyft cards.
http://www.gyft.com/bitcoin/

Encouraged...
They even made prisoners play Warcraft to sell the gold.
Here's an article about the Jixi labor camp.
http://www.theguardian.com/world/2011/may/25/china-prisoners-internet-gaming-scam

The US classifying Bitcoin in the same category as WoW gold was a green light to them.

Oh yeah, doing your time playing video games... oh the horrorz!

Bounced down off resistance at CNY 3K, but looks like making another run at it.

You could set up a bank account, linked to bitpay or some payment remitter, and use a time-locked transaction to it.  While you are alive, you can periodically interrupt this transaction so that it is not sent.  After you are dead, you no longer can and it will fund the bank accounts of your heirs.

There should be a service to do this for you before too long I have heard several in the works.

By "sensible" here we mean to mathematicians and physicists, rather than to people that read newspapers and watch TV.

Interesting that Lincoln is applauding, his Greenbacks were both an affront to the Rothchild's bank, and an unbacked fiat legal tender note printed at will, to for the same most new fiat notes are floated, to finance war.
As a centralizer of power, Lincoln was adept.  It set a dangerous precedent in the same stroke as attacking another dangerous precedent.

Live stream of us politics = C-SPAN  
It comes with basic cable TV nationwide and is pretty easy to get.

For video C-SPAN3:
http://www.c-spanvideo.org/program/Currenci

Why not spend them when I can pay less when paying with bitcoin and buy the coins at the time of use?

Try it with numbers and maybe you will understand.

Say you have $1000 and 2 BTC and bitcoin is US$500ea and you want to buy something for 1BTC or $500.  Seller's offer is that they will ship sameday express if you use BTC (because they have no risk).

I want to buy this thing and maximize my BTC.  I can either spend 1 BTC and buy 2 and end up with 3 BTC and sameday shipping, or spend US$500 and buy 1 BTC and end up with 3 BTC and wait on shipping.
Either way I have 3 BTC but by spending the BTC I get shipping faster, seller has less risk and less fees.

When you spend them, everyone wins, so your worry is silly.

Make sense now?

Who was it that predicted the 4K CNY flash crash because the Mandarin word for "four" sounds like the Mandarin word for "Death"?
Looks like someone used that for the spook factor.

Gold and bitcoin have almost opposite (and so have very complementary features)
Bitcoin is best used over the internet, gold is best used in person.
Virtual vs tangible, new vs eternal, hi tech vs elementary...

Precious metal (coin) are needed to make the currency complete, which is the impetus for the Bitcoin Specie project.

CampBX is still under D-DOS.

D-DOS defense is a finite and knowable issue to resolve, but it does take some investment in technology and architecture.
Any profitable exchange should be able to afford it.

Oh Noes.... get em!

They probably ready his article already:
https://bitcointalk.org/index.php?topic=338322.msg

HSBC, yep, they are fair in that will do business with anyone.  US$670B in unmonitored money transfers and folks are worried about bitcoin?  Bitcoin is not even close to being a player in money laundering game.  These guys pay fines larger than all bitcoin and shrug it off.
http://www.bloomberg.com/news/2013-07-02/hsbc-judge-approves-1-9b-drug-money-laundering-accord.html
There's your whale.  If they didn't already have money laundering already well in hand and thought they could do better with bitcoin, they might be buyers, but they do better without it because BITCOINS GENERAL LEDGER IS ON THE FREAKING PUBLIC INTERNET.

They still make more $$ in WoW gold than in Bitcoin for 2013

Yes, there are some very large buyers who are just now coming into bitcoin for the first time.
In the US, the FEC ruling (US politicians can accept bitcoin donations)
The senate hearings (US regulators and law enforcement call bitcoin legitimate, innovative, and don't need new laws)
This unlocks some serious US players.

China front runs these guys, but there is bigger coming.  We've not seen it yet.

Some OTC today at US$1200/BTC
http://bitcoincharts.com/charts/localbtcUSD#rg2ztgSzm1g10zm2g25zvzl

Get new charts, and a sextent.  
And a first mate.

Keep in mind there are OTC folks wanting to pay a lot more than gox.
There were some US$1200 sales in the last 24hours.  Localbitcoin is may hit gold parity today.
http://bitcoincharts.com/charts/localbtcUSD#rg1zig5-minztgSzm1g10zm2g25zvzl

Those aren't money laundering.  Bitcoin is too tiny to launder money.  Bitcoin is just a baby, and it is out in the open, exposed.

I know the folks that launder money, they don't use bitcoin.  They use Chase, HSBC, BofA, UBS.  
You are right they pay a vig.  US$1.9Billion to uncle sam on $670B, the top dog in the protection racket paid by HSBC
http://www.reuters.com/article/2012/12/11/us-hsbc-probe-idUSBRE8BA05M20121211

13Billion paid by Chase today. (they set aside 23Billion just for their lawyers to keep them all out of jail)

Bitcoin is peanuts to the money laundering folks, not worth their time.
They pay fines bigger than bitcoin's entire M1

Money laundering happens behind closed doors, not on a public internet block chain that doesn't even need to be subpeona'd and can't fit in a paper shredder.  The Money laundering bugaboo is a big lie.

Quoted for Truth

Yeah, a guy last week wanted 5000 coins OTC.  There was a 1000 coin buyer today.  Get outta the house, I can't fill those orders.
Fast coins are worth more than cheap coins.  Exchange coins are slow coins.  How long does it take to move money to the exchange, and how many % have you lost in that time in the current market environment... 100%?
Big premium on OTC.

Yes, we should.  We can get together with Travis, CEO of CoinMKT.com, in Santa Monica.  He brings in some of the beluga whales.
There are a few other folks I know with many many K's of coins in town too, but some of them are.... anonymous.  I'm a minnow by comparison, they just like to hang out with smart people that can speak their language so they tolerate me.

For Ripple, you have to drink.... ripple.
http://www.youtube.com/watch?v=ciR7Fq2tqJ0

Senator asks about CFTC (commodity futures trading regulator).  This will start to matter when the Winkle ETF starts up.
Is Bitcoin  a security?  No, but the Second market fund is.

OCC = Office of Currency Comptroller: http://www.occ.gov/
NCUA = National Credit Union Assoc

Cotner bank guy wants to "protect" us.
Chilling thought.
Keep your consumer protections in your pants mister.

Senetor Heitkamp: "How do you ring up a pie on a cash register?"
(Between the lines "I want a piece of that pie!!")

Shaskey is the 2nd smartest person in the room (behind Ms Satoshi)

Coinbase has a daily limit that THEY can buy, and a daily limit that YOU can buy from THEM.  Since few with coinbase accounts are selling their coins, they run out.  Two days in a row, today they were out by 9:30 pacific time.  If you can hit them up between the time they buy and when they run out, you can buy with a lock in, otherwise you get whatever price it happens to be when your money arrives from the ACH.

My "paper" wallet is made of steel.
Stamped with hand stamps:

They wait until your money arrives and then put you in the queue for when they do their daily coin buy.  You agree to this unknown price when you send them the ACH... and still they are selling out, every day...

I think Goat called it when he observed that the bull run isn't over, it is just being throttled by fiat constraints.

Coinbase is out of daily coins now by 7AM Eastern time, 4AM Pacific

My straw poll index of
1) Number of new localbitcoin buyers pestering me.
2) Coinbase time of running out of coins for sale.  (though it seems there were enough sellers that they have been able to offer coins at times)

Suggests to me that there is still more new moneyflow in ahead, though short term is the domain of the whales and the sharks.  
Am only looking at week over week, and wouldn't call anything daily (nor would that matter to me as it takes longer than that to get cash to an exchange).
I gave up the TA chart analytics, algo writing and daytrading in the 90s as an activity that does not make the best use of my talents, but cherish the lessons from those long gone days, I made a lot of money for people that were a lot richer than I was (or will ever be).

Yes, I missed this too on a new install last week.  Cost me a couple hours and some embarrassment helping out a new user at an OTC meetup.

Such as in bitcoin specie.  Its ideal for the small off-block-chain point-of-sale no-delay small transaction and is also more anonymous than the cryptocurrency.
/shameless-plug

Back to the trend line... carry on.

Very likely.  I have gone much further for much less.

When WU does *anything* with bitcoin, I cover my WU short sale.  
Until then, that stock is a dog, and the dog has fleas, and the fleas have ghonorrhea.

You might be surprised which exchanges do out of order execution...
http://www.zerohedge.com/contributed/2013-11-04/wall-street-code-released

**SPOILER ALERT**
They all do, if you know the back channel op codes, and are an insider.
The SEC seems to be turning a blind eye so far, we will see.  This story is still developing.

Localbitcoin trades have hit US$1300.
Fast coins are worth more.

Year of the Snake for China...
Looks like yours has evolved...

Tell me about it, easy arbitrage.

Or in China.  Their housing bubble makes the US housing bubble look like foam.
1) Can't invest in foreign anything
2) Limited domestic investments available
3) Strong encouragement to invest in real estate
4) Massive building
5) One child policy demographic bubble about to burst
6) 80M empty houses (about enough for everyone in the US if the US were all homeless).

So it is no wonder that bitcoin is their salvation.  This is just beginning....very few there even know of it.

Quick, get a mortgage and jump back in!    The mortgage is a good tax break.

Be careful with relying on coinbase.  They frequently decide not to fulfill an order if the price goes up after you place the order claiming that it is high risk.

It seems to happen whenever I get a really good price with them, I can have 5 or 6 approved on a day, but the one large order at the low of the day gets deemed "high risk".  It is increasingly seeming that the risk is of Coinbase not being able to use its customers to take the risk on all their purchases and when the market goes up they keep your coins and send back your dollars.  I have NEVER seen it happen on market down days.

So if you rely on coinbase to backfill your coins that you sell on localbitcoin, you may find your coins declining unexpectedly when prices are going up and being stuck with dollars you don't want.

You need more data, but just looking at the last two "bubbles" the slope has been less steep and it has taken longer.  The current "bubble" seems to follow this pattern (so far).

This may be indicative of greater market maturity (more exchanges, higher value, greater coin distribution), or something else.

I'll drop in on London for the Saturday expo, and hang around until Monday.
Sunday is wide open

Rule number two : do not sell on weekdays
Rule number three : do not sell at night
Rule number four : bitcoin is global, it is always night somewhere.

Big companies often move slowly....  I'm working with a few 100K+ employee companies, the decision process is 6 months plus.  Then when the decision is made....  They won't even have the forms filled out to get some of their legal department's time allocated to the issue ahead of their PR department's draft cycle which is already backlogged for the Xmas selling season.
The Accounting departments are tied up with the end of year accounting and the quarterly reporting.
Any new development has to go through the marketing department which has to do a funding allocation request a quarter ahead and then the HR department has to get cleared to hire someone who knows something about what a bitcoin is, which then starts the interviewing process.

If you think that is going to happen in a "week or two", you might as well sell now.  

If you see any announcements, it will be because they have been working on it for a year already.

Each Chinese citizen can bring US$50K out of the country per year.
Load up a tour plane of expert Chinese gardeners and bring it home.
14 acres... you will need them.

Fiat restriction creates demand.
How to get wealth out of China except bitcoin?

Only for people bad at math.
Impressing people with wealth is a cost, not a goal.

WU needs to buy Gox.
It would solve both their problems.
And many of ours.

Sort of... you don't get an ounce at spot unless you have a desperate seller.

If you can't get more than MtGox from OTC, you aren't really trying.
http://bitcoincharts.com/charts/localbtcUSD#rg5ztgSzm1g10zm2g25zv

Fast coins are worth more than cheap coins, a lot more in a rising market.

Daily trades over US$2k

QFT

Only in BitcoinTalk can "banning" something that has never been done, bad news.
Where in the world are there banking institutions with bank accounts denominated in bitcoin?  China?
Looks like they were contemplating it, and the big boys said "not yet" loudly.
Wake me up when they ban unicorns too.

Chinese banks can't enter its business. 

Its no joking matter.... apparently...
http://somakeitup.blogspot.com/2013/10/ban-unicorn-jokes.html

Closer to $22B
1 tonne silver is about US$725K
There are about 30K tonnes in reserves

(and over 1M available to be put in reserves so real number is closer to $800B)

Maybe he is just considering american eagles.

And only considering one aspect of Bitcoin.

One might wonder, how much do you think, a valid Chinese ID costs?
Hire someone to use their ID.  Not ID theft, ID purchase.
Would the Chinese billionaires be able to buy those by the truckload?

Perhaps a sell off ahead of the weekend?  Sunday bottoms are common.  Sleep now, watch later.

Be kind, while you may be either right about about that judgement or not, I didn't read that connection (that he thinks his life is better because of his wealth).  Just that he wasn't worried about getting more wealthy from using bitcoin.  For all we know he could be practicing asset diversity and as a result of accurately assessing that mathematically he is one of the financially .01% has devoted his time and energy to being a philanthropist rather than to being one of the .001%.

Interesting data point:
Over the last 3 months.
100% of the days after having the volume of Dec 7 MtGox (90K+) were the start of uptrends. (4 data points)
We'll see if this trend holds.

If you have bee buying yesterday and today, you probably have nothing to worry about for a while.

Every time in the last 5 months this happened, it marked a local bottom

DDoS vs exchange does tend to thin the book.
slightly more robust now.

R is actually right from the historical data, there were 4 dumps with the volume, they followed similar patterns, there was a 5th this past weekend.  We both called the bottom based on volume in evidence, but he did a lot better on it due to the stakes.

His gamble is that it isn't over yet.  That may be true or not and is yet to be seen.

I'm going to take a few unusual hours off working and watch Hobbits do stuff, so behave yourselves!  You are in charge while I'm gone, ok?

Legally binding in USA
http://www.law.cornell.edu/uscode/text/15/7001

And much of the world
http://en.wikipedia.org/wiki/Digital_signatures_and_law

I am happy for no reason at all.  -0-
Such senseless bliss can never be removed.
I do not need coins to be happy.
Coins help me to make others happy, which is fun.  So they are good.

For me, its the people.
Bitcoiners are special.
"to the journey"

McDonalds is not great food either, but if they accepted bitcoin, would that be so bad?
Walmart is not always the highest quality....

Lots of intJ here.  so heavy on the judgement that even good things are bad.

Right... because Chinese do no international trade....  lol

You don't really understand bitcoin, do you.

For international settlements, it is unbeatable.  They don't have to spend it domestically at retail.  USA is a consumer economy so it would matter in USA.  China isn't.
Get your head in the game man.

Places where freedom is dear, need it more.
Without need, no reason for bitcoin.
Unless the money is free, the people never can be.
Do not blame the people for the governments under which they suffer, many may be just like you in more ways than you might imagine, but less free to admit it.

In China its better than US.
The banks will still work with you in China.
http://www.reddit.com/r/Bitcoin/comments/1t0yk5/final_word_from_my_rep_at_chase_all

The US banks are starting to run away, scared.  This is pretty weird when you think about it for a minute.  Why should they be afraid, the have biggest powers in the world wrapped around their fingers..
Do they fear competition, innovation?
They rely on big buildings to make them appear stable and solid, but it is just a front.  None of them have been solvent for a long time except by stealing, cheating, and extortion (If you don't give us all your money, we wreck the world, if you don't use your power to take money from everyone and give it to us, you all die.  We're too big to fail, now make us bigger).

It is not an island, but in a pretty remote part of Malibu:
https://bitcointalk.org/index.php?topic=371646.msg4010518#msg4010518
Carpentry facilities on site.

I don't know about the emotions, panic or not, but it is brushing against the 650 support.  I'll drop in some orders around 625 if it breaks, there is stronger support at 610 but I don't see it going there so soon.

Looking at the tape...
BTC-e may have more arbing with china.  500 sold in a block on BTC china, and BTC-e followed but stamp didn't.
Small moves and just looking at the recent stuff, so can't really draw any conclusions.
If so, BTC-e will trend closer to China pricing than stamp will, until the arbitraging levels.

Careful.  Sometimes Coinbase decides it is a risky transaction when the price rises between the time you pay and when they give you your coins.  They can reverse the transaction if it goes against them.
You can only do 10 coins a week for certain pricing.

This is your idea of a bull market?
Maybe.... consolidation.

100K tends to mark local bottoms.

BREAKING NEWS:
Proudhon knows what Coindesk is going to publish before they publish!

The end is near
(The end of the FUD)

Shouldn't it be <540?

Too modest.
Nicely played.

LOL'd at foreign hackers.
We all know that there aren't any in China, and that everyone there is happy with their government's decisions.

My heart goes out to the good people born there.  Today is not their easiest day, and there are likely more days like this to come.

Latest poll just shows we like prime numbers.

Multinational companies exist.