<rant>
It is so annoying! I can see these cheap coins in front of me and I can't buy them because of the bloody exchanges!!

Even Local Bitcoins is on its arse.. GRRRRR </rant>

What makes you say that?

Dream world!! Average net in Switzerland is 4,948 CHF according to Wikipedia (£3,348.85) and don't forget, this is relative to the price of living out there.

Where in Manchester you from?

He sounds like Yoda with his talk of greed leads to pain, etc.

If this was true and exchanges were licensed it would actually be a great thing, it would likely encourage a lot more trade.

There are quite a few nice Dutch beers, just Heineken is not one of them.

I don't agree with the sentiment that there are only a few select countries that produce good beer, though it does differ, based on what you are into. The key to finding a good beer is research and trying new stuff. I've been toying with the idea of setting up an online off license for craft ales where you can pay with Bitcoin, I think it'd work well.

http://www.gooseisland.com - Honkers is currently my favourite American beer.

Sorry, going really off topic. If anyone fancies it we could start a beer/ale thread.

I am signing off for the night, all going too mental and is going to cause me to have a nervous breakdown.

I think things will be clearer when the Chinese wake up.

Will they just wake up and make some kind of announcement!!?? I want to go to bed already!

Wakey wakey China!

Now lets see what happens..

*yawn.. You again!?

I don't come in here making nonsense claims.


Sorry, I should know better. Just added him to mine!

Is that Yifu!??

Huh?? Please can you explain.

That's a worrying last post to read for the night!

http://www.reddit.com/r/Bitcoin/comments/1tbjf3/btc_china_here_to_stay_bobby_lee_open_letter/

"Just posted on BTC China website when you log in. Here is the Google translate, not an amazing translation but you can pretty much understand. Recharge = funding. Looks like BTC China is not going down just yet and there is still hope.
Dear Bitcoin China (BTC China) Users:
Recently, due to third-party payment companies in China disrupted and Bitcoin (BTC China) recharge channels, resulting in China Bitcoin (BTC China) is temporarily unable to provide RMB prepaid services. In this regard, on behalf of China Bitcoin (BTC China) expressed deep regret for the inconvenience, please understand. We are actively seeking other recharge methods. Currently, in addition to recharge RMB, the yuan withdrawals, recharge and withdrawals Bitcoin service as usual, may be slightly delayed during peak hours. We have enough for the user bits and the RMB currency withdrawals.
Today Bitcoin China (BTC China) formally launched a new product, "currency lock" - the most secure online bitcoin wallet. "Currency lock" the safest way to store the user's offline Bitcoin, a process known as cold storage, it can ensure that your wallet will not be stolen by hackers online. Your "money locked" account we have bank-level security protection. In the future, China Bitcoin (BTC China) users can send your bitcoins safely stored in bitcoins China (BTC China) of "currency locked" inside.
As China's first Bitcoin and Bitcoin trading platform company, we have more than two and half years of operating experience and a good reputation. November 18 this year, China Bitcoin (BTC China) successfully obtained $ 5 million in financing, China Bitcoin (BTC China) would have been afloat, please rest assured users. Five ministries notify People's Bank of China also made it clear: "Bitcoin transaction as a commodity trading behavior on the Internet, ordinary people have the freedom to participate in the premise own risk."
September 24 this year, we announced a temporary exemption transaction fee, which increases the degree of mobility and frequent Bitcoin transaction, resulting in China's Bitcoin prices to some extent, causing a large number of reports of widespread concern in the community and the media. Therefore, in order to prevent speculation and cause Bitcoin Bitcoin prices spike, we choose to restore a 0.3% transaction fee, please customers understanding. Only maintain price stability bitcoin, bitcoins to get healthy development.
I believe you love Bitcoin will fully understand our decision.
Nicholls yuan (Bobby Lee) China Bitcoin (BTC China) CEO, co-founder of December 20, 2013"

Apologies if this has already been posted.

Glad i sold everything at $99 now, what a mess it would have been otherwise! Thanks Wired!

Back up pools. It happened over Christmas actually, their site went down for a few hours so i just switched to Slush until it was back up.

 

http://hypebeast.com/2014/1/cop-with-bitcoin-now-accepted-at-the-hypebeast-store

not a huge retailer, but cool!

Patience is a virtue! In 2 weeks time thinks should be a bit clearer. I still believe there is money waiting on the sidelines.

Best thing about Willy is that he doesn't need to eat walls..

More speculation, but this time it holds more weight than the others as of late: http://www.reddit.com/r/Bitcoin/comments/1vvfxz/google_confirms_their_payments_team_is_working_to/

Worth submitting your ideas anyway, takes 2 minutes: https://www.google.com/moderator/#16/e=20e106

It's not real news until it's reported by Lizo!

Genuinely a bit worried about the hearings now, this is not how i expected this week to play out. *Shakes fist.. Daaaamn You Bitcoin!

What time do the New York hearings kick off?

Thanks

These guys should smash it!

Working fine for me.

Gox seems to be looping and going a bit crazy, not that anyone should/would be overly interested..

Source please?

I hope the foundation do a lot of press around this fix, just to begin building back the trust signals that Mr Karpeles has ruined this week.

Hope it recovers and everyone leaves Gox

I just saw this on Reddit:

https://www.change.org/en-GB/petitions/the-bitcoin-foundation-to-remove-mark-karpeles-from-their-board

 

"Bitstamp is now processing withdrawals again.

I expect even Gox will be processing withdrawals soon.

Bitcoin protocol unchanged."

Via Bitcoin's sweetheart https://twitter.com/aantonop

Press release says update on Monday, so the 17th

https://www.mtgox.com/img/pdf/20140215-BTC-transfers.pdf

That petition has now had 400 signatures!  Looks like Mark's been removed from a few Christmas card lists!

https://www.change.org/en-GB/petitions/petition-to-remove-mark-karpeles-from-the-board-of-the-bitcoin-foundation

Nor do i, but when I originally signed there were about 5. In the space of 48 hours it's had another 395, show's how much Mark has upset people.

http://en.m.wikipedia.org/wiki/Meguro,_Tokyo

This is where he lives, seems they've named a local bird after him

Actually lol'd at that!!

I thought the same, regardless of what happens tomorrow. Just show's how poor the management/ communication etc is at Gox. Imagine the whole community pointing at you asking questions about your financials and you then putting out a press release to say you were moving address..

What a Wally!!

It's a remake of Free Willy, starring Mark in a black and white wet suit.

Source?

Knew I'd heard the same thing on here before!! Hahah, poor old Yifu, i wonder if his concerns were due to 2 peaceful protestors camped outside.

I don't mean this to come across as sounding bad, and I am not trying to be offensive, but does Mark have an illness?

I hope it was dog pooh!

Lol, wasting their money!

A./ He was seen this morning
B./ It's not that difficult to find out where he lives.

He probably eats the cup once he's done, no point in tracking that way!

He's just been spotted in a Tokyo restaurant having a snack, sporting a moustache, likely to disguise his identity.

http://www.youtube.com/watch?v=lhbHTjMLN5c

Fingers crossed today is the day where Mark actually provides some clarity on the situation, good, or bad, I don't think my heart can take anymore of this.

Oh and I really need to sleep!

Sad to see Dr Doom has been Gox'd as well! I heard he's been using BTC to cover his tracks from the Fantastic Four for a while so he must have quite the stash.

Aren't we all?

Not the cheapest option I know, but I don't have a verified Gox account and have managed to almost triple my coin. Might take a while to take out, but it was only sat in cold storage before!

You beat me to it!!

If 180,000 BTC are split between a million customers it shouldn't be a problem. Also, the positive sentiment associated with this and any media attention will surely help bring new fiat to the market.

Mark is sending out paper wallets to everyone, with personal letters of apology attached i heard.

False alarm! The sound is bees.. Run!!

What are your thoughts? We heading down?

Good news! Fatty has found some of the coins, when this is official tomorrow things might look a little bit rosier.

http://headlines.yahoo.co.jp/hl?a=20140321-00000038-yom-sci

Nope, leaked document said 2000 i think.

Nope

http://www.businessweek.com/articles/2014-03-20/btc-chinas-bobby-lee-bitcoin-isnt-really-banned-in-china-and-its-quickly-gaining-ground

Pre empted by Big Bobby Bitcoin the other day?

Exactly my point here, if you look at the video date and when the bank supposedly sent out their memo, it's like he's got himself on the TV as he knew a drop was incoming.

If that is true, it's potentially very good news.

Signed up today and had a look at it, platform seems really nice and professional. Not traded on it yet, but plan to soon.

Akbar speaks sense.

When China's central bank come out and give definitive advice on the legality.

It's not just Bitcoin though, here's another example of "Chinese whispers"

http://news.yahoo.com/chinas-sheyang-county-says-funds-protected-rumors-spark-010251702--sector.html

Was the same on Friday, even when confirmation came out, things didn't "pick up" until later on in the day (https://www.tradingview.com/v/rO1xsK4F/). This time is a little bit more ambiguous, there is no 100% confirmation that this information is false and as a result I personally think that things will take a little longer.

We don't 100% know if it is fake news or not, I am on the fence and think that there's not usually smoke without fire. Obviously it could be manipulation by someone trying to make money off the price, but two rumours in one week could mean that there is some fact behind it all.

http://english.caixin.com/2014-03-27/100657518.html

• The author also stands by his claims and says that Caixin have seen a document.

"The requirement, which Caixin saw in a document the central bank's headquarters recently sent to regional offices, says money can be taken from the accounts before the deadline, but no deposits can be made. Banks that fail to close the accounts will be punished, the PBOC said, but it did not elaborate on what those punishments would be."

• This is further substantiated by the fact that last week PBOC dispelled the rumours

"The report by certain media that ‘PBOC has issued a document as of 3/18, requesting all bitcoin transactions be halted by 4/15′ is in error. The attitude of the PBOC towards bitcoin has been clearly stated by the [5th December] document issued by the PBOC and five other agencies.”"

however this time we haven't (to my knowledge, correct me if i am wrong) seen anything from them.

Not having a go at anyone, but i think some posters on here are being overly optimistic, just because of last week's rumours.
Why do you think it is bullshit? I doubt they would say they had seen a document unless it was true.

Was one of the 1st things I read this morning, however in the article it does say

"The requirement, which Caixin saw in a document the central bank's headquarters recently sent to regional offices"

Which makes me think that it's not been circulated to exchanges yet.

Also, even if it had hit exchanges, can we really trust them to deliver the information straight away?

I'm as bullish as the next man and not one to troll or spread FUD, i'm simply stating that this should not just be dispelled as "lies" or "rumour" and that it could be true.

I, like most on here hope that it is BS

I'll put £20 on real. Not betting BTC, regardless of the outcome I'd be fucked.

Not outside the realms of possibility anymore.

You were the one calling for this over the last few weeks.. Now you've got what you want, surely you should be celebrating?

My theory is you're shitting your pants now and showing your true colours!

Sadly, it sounds like Big Bobby is in the same boat as us

I think the original could possibly have been leaked information. Now it's being made official!

Genuinely interested, what do people think will happen to the price in the next 3 months if the Chinese news is real?

Did months ago, in terms of troll skills she/he pales in comparison to Fonzie, he's my favourite!

Thanks, I am holding either way, I've made 25 x what i initially invested so am pleased with that, but interested to hear what the plausible outcomes could be. People on Western exchanges would be mad not to buy up these cheap coins, but what do I know!?

Is the first article referring to today's events or last Fridays?

I guess the rumours are now news

magicalturdz

Was a typo, was meant to say 10c by Spring.

Mark is re opening Gox tomorrow, so don't worry, his liabilities have significantly decreased over the last 24 hours so Gox isn't insolvent anymore. He's just been on IRC now telling everyone that he's given Willy a polish so he's firing on all cylinders after his time off from work.

Apparently it was on the morning news in China

Oh and shut your trap mah87, you nob. You were crying a few pages back when this all started kicking off.

There is seriously no confirmed news coming out of China yet?  

Thanks mate, let me know what they say.

Like last time?

I thought it was real initially, but now I am not so sure that these rumours are true. Surely they'd give people more than 2 weeks to withdraw their money? what if you were on holiday and missed the announcement!?

No credible source, just seems to be newspapers rehashing Big Bobby's quote from last week and citing the same source over and over again.

So it's only payment processors effected?

Agreed and even then i think the market will still be very nervous waiting for official guidelines about BTC.

Bobby Lee summed it up really well in one of the Coin summit videos when he suggested that China would be more likely to provide guidance and "get on board" once America has set up their frameworks (Something that does seem to be happening)

I like how this plays out, but I am not sure about the 600s within 2 weeks. Don't forget, we still have the Gox fall out and Mark's day in court to come before we see that come to anywhere near a conclusion.

Well judging by his other personal appearances or statements, it's probably safe to say that he's going to say something stupid, issue bad news or spread worry amongst the market.

This China stuff was posted hours ago and was removed shortly after according to : https://twitter.com/BitInvest

Stinks of BS to me.

People are still questioning the validity of it. In these types of events I tend to use Twitter to monitor sentiment, I know when capitulation is coming as the amount of questions and articles around the subject slow down, which in turn makes people forget, or at least puts them at ease.

If you check Twitter at the moment there's a regular surge of "Is this real?" Was a few hours back when it first posted and is now doing the rounds again, likely because of difference in time zones.

We'll see what the Chinese have to say when they wake up, I am sure the merchant bank will get asked the same questions and someone will post something else.

I agree, we've had such a shit 2014 so far.

December - China ban is announced
January - China ban deadline
February - Literally a week after the China ban, Mark and his pals from Gox stop withdrawals with this lasting the whole month until they go bankrupt at the end
March - China 2: The empire strikes back (Part 1) is announced
April - China 2 deadline

It's easy to see why we are dropping and why good news isn't making any difference with this hanging over us.
Next week we should see the China ban play out and someone from Gox visit the USA to appear in court, once that's over and done with this dampening effect will wear off and good news should begin to make a difference again.

100% on the mark! Well in my opinion anyway. I can't read charts very well so my TA is pretty bad and I rely on looking at what others have written and coming to a conclusion myself based on what I can assess via sentiment which I can read fairly well.

The day my Mum rang me asking me what a "Mt Gox was and if they had stolen all my bitcoins" was the day I realised that BTC is beginning to reach the masses. Everytime I go and see my family it pops up in conversation now and members of my family who work in banking (not high up, or investment banking, just regular tellers) are becoming more and more interested and even tell me little bits about mentions from within their places of work etc.

I am by no means bearish at the minute, and believe we have a way to go until we do see the bottom as if you look on Twitter, Reddit etc there are still a lot of questions rather than statements/ news stories with proper sources and we have no clue as to how next week, or even the weekend are going to play out, but anyone that thinks we are going to be staying at the bottom for a long time is deluded in my opinion.

+1

Beg to differ here, look at KNC, they have a large share of the network now and said in an interview that they sell all of their coins on a daily basis.

Also, we are on the cusp of a lot of the 1st generation units from big boys becoming unprofitable, before the 2nd generation comes online in a few months. Most will have already returned on their investment, I know I did a long time ago.

I also dispute your "no money entering the system" point. I sell a portion of my mined coins every week, to pay bills and to live off (to a degree) I don't bother with exchanges for these types of transactions and use Local Bitcoins etc. When the bubble was in full swing I was regularly selling to the same people over and over again, but since January, and more and more in recent weeks I have been buying to people who have not bought before. I know that Local Bitcoins is not an exchange, but it suggests to me that the average Joe is not sick and tired of hearing about BTC, and new people are buying.

Just reading the article now and isn't the information about Huobi stopping dealing with the Agricultural Bank of China old news, or am I reading this wrong?

Agree with you. Just trying to speak to Huobi's support now to see if they will explain the article.

I'm never one to buy into the old cliche's of "Weak hands selling their coins for cheap" etc. But today, I believe that is exactly what is happening.

Summarised, the news is a rehash of the information that's been readily available this week about certain banks closing down accounts that were connected with Chinese exchanges. This is not new information, most of it is available to read on here, Reddit and in some cases on the actual exchange websites.



Some people don't deserve Bitcoins!

Source: Huobi's customer support team.

Whacked that in for the Lolz. Silly Europeans as well to be fair. Stamp reacted worse than Huobi.

Think the Chinese dump was likely manipulation, knowing how the rest of the world would react.

Nope, not American.

The best thing that China has ever banned: http://www.dailymail.co.uk/news/article-1376771/Great-Scott-China-bans-time-travel-cinema-TV.html

Both of those notices are 24 hours old, they caused yesterday's dip, not today's.

My opinion Is Yes, Some Chinese people are cutting their losses and leaving, however I also think there's a degree of the drop Is people knowing that volume will be low because of Easter/bank holidays and taking advantage of this.

Also, like I've mentioned before, these news stories are still doing the rounds, just look at Social media. It'll take a few days for those to be forgotten about. Sentiment in the West seems to be picking up a bit, look at the surveys on here and Reddit, both indicative of a bullish, bit realistic sentiment.

I'm making no predictions, A./ my TA is shit, B./ I've just polished off my second glass of wine, but I do know that this weekend is a write off.

In a nutshell, they are getting DDOS'd?

Being bought, or reduced by seller?

I agree with your points but don't think new Fiat would have hit yesterday with the bank holidays, I did transfers to Kraken on Saturday and they haven't cleared yet and they are normally really quick.

Wonder who'll buy them? I doubt they are going to stick them on an exchange.

The final Goxxing.

Try these guys: http://bit.ly/1oMIUVa They are much better than Antminers IMO.

Wow, this guy is the king of the bears:


https://www.tradingview.com/v/97hCiiAX/

Is it someone from here? He sounds like he really hates Bitcoin.

Got a source to the OKcoin story?

What date is this deadline? Need to make sure to pop it in my calendar. Might as well set it as a reoccurring entry these days!

Now I'm really pissed off..
PBOC are clearly not content with ruining my week, now they are moving their "deadlines" to the weekend! What a horrible bunch.

10th actually. So a week on Saturday. Then we have to wait another week for PBOC to say they still aren't happy.

Anyone renting a miner is not going to be able to sell a large amount of coins. 3THS only gets you about 0.19BTC a day with this difficulty.

Isn't there supposed to be some Gox news today, or did I imagine that?

http://www.reddit.com/r/Bitcoin/comments/24fyjj/lmax_exchange_digital_currencies_are_here_to_stay/

Apologies if already posted.

Chromosoma is the worst troll on here.

Are you willing to put your money where your mouth is and wager on Bitstamp shutting down?

Bullshit. Bet you haven't got any friends. Now scram and go spread your FUD elsewhere.

More than the 2 of you combined based on his previous posts which aren't crying when things get bad/ citing Ripple as the future or calling for Bitcoin to fail.

We don't 100% know that MasterCard are lobbying against. Likely, yes, but speculation none the less.

FTFY


What about Btc-e?

They can sell them for CNH. Of course is not the same than CNY, but they can keep trading with their currency.
[/quote]

The problem is the next,

In Chinese banks, incoming funds from BTC-e, Bitstamp or any exchange will be baned.
[/quote]

They are in most countries, look around at people receiving payments from exchanges and having their accounts banned. That is why I deal with Kraken, the payments come via SEPA from "Payward Ltd"

How is Huobi higher than Stamp!?? 

The plot thickens.. My money is on Bieber and his entourage stealing the laptop!

Where did you hear this? I couldn't see anything about an incoming announcement on their Twitter. If they do have anything to announce they'd keep it until the conference this week surely?

Think people are reading too much into that status. At best it's likely a formal announcement of these:

http://www.coindesk.com/bitpay-partners-hotel-software-provider-new-booking-tool/
http://techcrunch.com/2014/05/08/bitpay-index/


http://time.com/63376/amazon-bitcoin/

Amazon won't be accepting Bitcoin any time soon, there are no few benefits for them to do so. Have you ever used their one click checkout? It's easier and nicer to use than paying for anything with BTC.

Doesn't start until tomorrow: http://bitcoin2014.com

We are hearing a lot more about existing products integrating with Bitcoin, pretty exciting! All we need now is for a big company who use this type of technology to accept Bitcoin, discuss the benefits/ sales from BTC in the press and there'll be no stopping the rocket.

Looks like there is the possibility of a 51% attack: http://www.reddit.com/r/litecoin/comments/25zkw3/coinotron_hits_51_and_they_arent_taking_it/

He's Japanese, so he'll be up an hour earlier

Hahahah bet that clown Mah is crying himself to sleep right now!!!

Good riddance to bad rubbish!

Didn't they pass a solvency audit prior to the fall of Gox?

Wasn't it Andreas? Apologies, on phone with low battery so can't search to find the details.

Woke up with a sell order having gone through on Kraken, not buying back in until I see a few green candles on the hour views to be safe.
Any reason people dumped, aside from it being a correction as we've gone up too fast?

To pick up cheap coins?

Looks like it really wants to retest the support.

I hope it's not about Chinese people sleeping.

Doubt Mark has seen his willy in a long time.

Having a little nibble on that first wall on Stamp

Edit: Took a nice big bite as I posted, and on to the next one!!

So close!!

CHOO CHOOO!

Where's that lad who's got the magical monkey gone?

Looks like we are about to find out if the wall at $575 is real or not.

It was moved to $560 the other day and is still there.

Just re reading Chromosoma's posts.. Hilarious, calls for $300 at every tiny drop! He/she sounds like a broken record.

http://www.cnbc.com/id/101898588

 

Just need the user adoption to go up at the same rate as merchant adoption is!

$140,529.90 bid at $550

http://www.businessinsider.com/bitcoin-2014-8

Don't read too much into the metrics often used to show adoption increasing etc.
That's not to say there aren't signs of growth.

Things are looking up a bit now but not going to get involved again until I see how the Chinese react over night.
Liquidated all of my Bitcoin at $560, now just waiting to buy back in.

Today doesn't feel like day trading, it feels like potential damage limitation, my Bitcoin were practically free, but I still feel like I'd have a severe case of remorse if it dropped further and I hadn't sold.

Turns out the president of Bitcoin is Mark Karpeles, did you not read the news?

Seriously, I think a few reasons:

Probably bored market, everyone's holding off for the ETF's etc so very little movement as everyone sits and waits waiting to see what happens there.

Summer holidays

Ethreum sell off

Bit of manipulation from larger holders

People just getting bored of things happening and wanting to get out

I wouldn't be afraid, looks like the Chinese have woken up in the mood for dumping. I am going to sleep with bids set up at $480, $460, $440

Couple of orders filled on Kraken over night.  I'm not sure if the dumping is over now, looks to me like there might be another leg down 1st.  

I'm not one for conspiracy theories, but I'm beginning to think that a lot of this is connected with "what could potentially happen next" The regulation, the ETF etc are all connected and are all coming soon (ish)

http://www.reddit.com/r/Bitcoin/comments/2djiav/its_not_manipulation/ makes the point a lot better than I could.

Yeah, doesn't make sense to me, in kiling Bitcoin they would kill consumer confidence in their own product.

Same on Stamp!

1000 btc bid at $470.05 & 269.31 at $470 just to get things started.

Not necessarily real and could be pulled the second someone takes a nibble, but certainly looking a bit nicer than yesterday

    

Order book is looking way too thin on Stamp.. I'm out. This is too stressful, to the point I can't trade logically so I'm out! I'll check where we are up to in a few weeks and buy back in.

GABI aren't buying yet, call them and they will confirm:

Global Advisors
Global Advisors (Jersey) Limited
Spectrum Gloucester Street
St. Helier
Jersey JE2 3DE
Channel Islands
+44 1534 513 100   

Daniel Masters
Telephone: +44 1534 513 131
Fax: +44 1534 513 102
Email: dm@GlobalAdvisors.co.uk   

Russell Newton
Telephone: +44 1534 513 151
Fax: +44 1534 513 102
Email: rpn@GlobalAdvisors.co.uk

This confuses me more than bears dumping.. How is she a little girl? She has whiskers and cat ears??

Get ready for sub $500 on Stamp

1st of September is just a rumour/ myth. Having spoken to them, I would be very, very surprised if we magically saw them buying lots of Bitcoin as of 9AM tomorrow morning.

I doubt GABI will matter that much from that perspective. If/When they start buying in mid Sept/ October on exchanges and not directly from miners it will not likely make headlines. Yes we may see improvements in volume and price, but in terms of main stream adoption the average Joe is not very likely going to be aware of it even happening, unless the unlikely happens and it is a catalyst for a bubble and it's picked up by mainstream media citing "The return of Bitcoin" but even then I doubt we are going to see people jumping on board like October/ November last year: A./ Because $500 is still a lot for the average "non investor" to gamble on something and B./ Gox, which did make mainstream news has killed a lot of trust in Bitcoin.

I am not writing Bitcoin off at all, I believe in it and as of the end of September will be running a 50TH/s mine (30 as of this week) so do have an invested interest, but I don't think GABI or money from UAE are going to make that much difference in terms of the adoption that Bitcoin actually needs to succeed.

Yawn.. Why do I have to keep repeating myself with this? They haven't even begun yet. It won't be until mid September/ beginning of October. Admittedly GABI should do a better job of publicising this fact

Sorry Jorge, wasn't intentionally responding to you, rather who you were quoting initially!

He looks like he has a potato for a head

Cheers! Out of interest, does monkey support your COIN theory as well? I'd be really happy if this happened. I'm not calling out for a bubble, just an easier nights sleep. At the moment I feel like it's January again, I think it's because I am actively mining again.

My 40TH/s mine only cost me £4000 and I worry endlessly about it, can't imagine how some of the larger mining operations cope.

If coinbase or blockchain wrote an app for the watch I'd buy it!

My ignore list gets longer every day

http://www.reuters.com/article/2014/09/12/us-ebay-google-idUSKBN0H71TQ20140912 - rumour quashed

I thought we only went down on good news. Is it now all news?

Soon, It'll be unrelated news as well

I am not disputing that there'll be a dump, but I wouldn't ever base anything on the Order book. The last time we were in this position things on the books changed very quickly.

http://bfxdata.com/swapstats/usd.php

Large spike in USD swaps On Finex

True that, it's like a bottomless well of despair

Same.. April was genuine panic "China" etc. This time there's no obvious reason, aside from sheep following dumpers.

Crying in a corner. Always happens with Bear trolls on here, they call for drops and then when it does happen, more then they expected they begin to panic, posting questions about "When it will all end??"

Noobs!

If you've been into Bitcoin for more than 18 months, this kind of thing should be water off a ducks back. I run a mining operation and I'm not panicking, it's business as usual. Yeah I am a bit annoyed that when I have to settle up my electricity for the month it's going to be a few more Bitcoin than I originally thought, but I know we aren't going to be this low forever.

My only overhead is electricity for cooling and powering the machines, the cooling will be easier in the next few months yes. I'm the only person I know that's praying for the temperature outside to drop! Hahah If it drops lower and difficulty goes higher, obviously the lifespan of my machines shortens dramatically and thus I get less profit than I originally forecasted, but due to my business model, I normally break even on my hardware within a few days, so I don't have that to worry about

Kncminer & Spondoolies Tech - The latest hardware for each.

Karp trolling hard on Twitter:

https://twitter.com/_Magicaltux/status/512687139931189248

 

What if the pants you're wearing are shorts?

Spill the beans, I am very interested in hearing your theory.

Looks like China have woken up on the wong side of the bed today.

Lovely 400 + dump on a Sunday evening just now!

Anyone mind updating me on what happened?
When I went to bed there was a really healthy bid wall at $420 was it pulled?

http://btccharts.everdot.org

Who does this belong too? Some fun stuff in here  

Until?

95% of your posts mention Knc

WTF!!?!??!?!?!?