Right, between the huge/MEGA cup-and-handle that is fully formed at the ATH (and the smaller that started this rally), China taking new huge orders, the ineffective FUD research article from Cornell on the Selfish Miners (which, admittedly, was probably started months ago, but, is now, ostensibly, moot), very little sell pressure, DDOS's doing little and the rise of Bitstamp as a new rallier, we are looking at a whole new game in terms of what is the new '100' or #{your_benchmark}.

tl'dr: +1

Walsoraj may seem a bit trolly sometimes, but you need to realize... ...that he just Goxed you!

Very well played, might I add.

Anyone care to comment what kind of resources might be required to sustain what appears to be (by volume) a nearly 7 hour DDOS against Gox, assuming they are using Akamai (for whatever exact reason they said they were), and Midas (as seems to be the case) is *not* running?

Coinsetter is coming soon, still in Beta, and will have announcement this week as to accepting US compliance approved bank accounts-- this is a big deal. Even if you aren't US based, you can imagine how good news will be for the ecosphere.

http://blog.coinsetter.com/2013/11/10/bitcoin-price-explosion-isnt-bubble/

What's a BitSpliff look like???

BTCBTCBTC420BTCBTCBTC

 

Possibly worst decision I've ever made:

  Ignoring Bitcoin when I first read a WIRED article about it in 2011.

 


Possibly best decision I've ever made:
 
  Taking serious action when I read new coverage early this year.

 

We need another choo choo muthafucker.

Translation to Chinese:
"BUY, BUY, BUY!!!" (Jaroslaw eats slippage)  

It's important to reconcile the scopes of perception here, considering that most of these scopes cannot see the other:

a) We are literally sitting staring at the screen, waiting, chatting while we *decide* if the charts are about to consolidate, go bullish, go bearish, hit the moon, etc. This *is*, we *are* the pulse of the btc speculation ecosphere. We are standing in the boiler room watching the machine pump heat--  because we can see it's working just fine, sometimes it's hard to believe that it's too warm or cold upstairs. Classic myopia.

b) We have no idea, for the most part, what the Chinese are doing, in terms of sentiment, other that heavily buying in steadily. They are likely speculators and folks just like us, who see the newest, shiniest thing, or realize the coming value of a mature crypto account register.

c) Many of us have friends who are newly interested in Bitcoin, they are approaching us, actually listening to the conversation about cryptos. These people were afraid we'd pass out tinfoil hats at last Thanksgiving (some of us have done so forever, such is the nature of visionary (ahem, nuts)).

d) The upcoming Senate hearing (on the 18th), VC's throwing money to startups that we haven't even really begun to see the product of (Kraken, Coinsetter...), Forbes articles and in general continually more positive news spin and coverage. The proletariate will be what they have always been, the peeps.

e) The googly trends chart... oh, what correlation it carries is astounding. If there ever was a cogent point for 'don't read into it too much' it's this chart (albeit it's a trailing one, sadly :-/).

f) Bitcoin is hugely successful in any context. We know that, but it will be all the more obvious in 20 years. Yeah, duh, the internet and money had a bastard child. Why wouldn't it rock the casbah. So, stepping away from the cliff, we should take some pride in being involved, and be humbled to see a change for the good, away from manipulable capital that seeks nothing but further vampiric reduction of liberty, while enforcing a crippling cancerous consumption mantra. What was great for industrialization is now going the way of the dodo--> P2P kills centralization.

g) Asset, commodity, currency, protocol or whatever, it will adhere to price discovery if easily exchanged. Playas gonna play, haterz gonna hatez.

Conclusion: rpitella's (sp?) chart is really pretty good, so far, until it's not. We're going up too fast (for the last hot 10 seconds), so if trading's what you like, there will be a chance to increase your BTC count. Long term, to the moon. Peace out folks, and don't forget to set your bitcoinreminders (.com).

Why sure:
http://blog.coinbase.com/
 

Big bear cries tears of red.

Balance = 12 Satoshis

 

Much of the talk here is noise, no offense to anyone (and I spend hours here lurking, reading, and now, finally, joining the fray, so I don't dismiss the conversation), but truth be told, Google trends ('bitcoin") is the Magic 8 Ball.

Yes, there is a Baidu trends (http://index.baidu.com/main/word.php?word=bitcoin).

Would you mind explaining how a 76.4% retrace gets you to $300? Er, whats an L5 retrace, please?

(I, personally, love the 'noise' on this forum btw-- to me, this *is* the place)

 

This (^^^^^) is really great, thank you for taking a minute to spell it out.

BTW, I'm just back from strolling over to the douchey 'unleash your inner bear' page, and, man, what a complete clusterfuck conflation of ignorance and downers (if you must indulge in sadochism: https://bitcointalk.org/index.php?topic=330588.0). Whew, calgon, take me away.

Unless you consider strong price correlation nothing.

Hey, Goat, thanks for the welcome words.

Right, I totally forgot that my quoting him makes it uncomfortable and kinda lame for everyone. I ignored maz already, as I just felt my IQ drop everytime... anyway, you get the idea.

And, more on point, *I* get the idea.

tl;dr Red is dead, glow is no go.  

Thank you, sir.

Hey, thanks for the kind words jojo!    I should have joined in months ago (lurker tendancies), honestly, there's just so much information to parse.   

Fine form, sir.

I remember when BTC was HALF the price...

...less than 2 weeks ago. (Nov. 3rd - $220 Gox)

  

Can I get a choo choo?

 

I like to say, I'm learning patience, just slowly.

Now, until you see the whites in their eyes, HOLD!!!!!

+1 (except the 'meh' is from over 100% in 2 weeks. OMGZ)

I believe we are at the part that still seeks new ATHs (almost daily) and doesn't yet surrender =>> not capitulation yet.

Wait, were you just joshing us? 

+1 NomNomHaHa. 

Stuart Varney is a really silly duff. His arrogant and dismissive approach is so tired. 'Course, it is FOX...

You wouldn't have happened to notice ATHs on every exchange in the last 8 hours? Or is that too long a window for you?

Let's imagine you wait for 10 more days, after the Senate hearing, after a bit more time for this parabolic run up to over-extend. Let's also imagine the price goes somewhere around $600, and you monitor it closely enough to sell off around $600-- that's a 33% increase in your funds in 10 days. Now you could have the money for appliances, upgrades, a trip to somewhere sandy and warm, and a few coins, PLUS your home. Think about it. (Are you not grasping that you could allow any 5, 8, or 10% drop to cue your sell, instead or fear?)

Some people have strategies that are so secretive, even they don't know what they're doing. 

Pretty hard for other exchanges to fight the Chino-Onslaught of upwards momentum.

Of course, we're extremely bullish overall.   (over 100% in less than 2 weeks. NOMNOMOMGOMG LULZ)

But, it's time to take a hard look at the weak and declined RSI's on the 12H, 6H, 4H, 2H, 1H 30M *AND* 15M charts.

http://bitcoinwisdom.com/markets/mtgox/btcusd

We're also off almost 10% from ATH. I believe the weekend dip may have come early. Time to start considering trading through the trough.

+1 This guy.

Market takes it in, peers over edge. [insert great graphic here of the abyss]

CMMPro, how are you reading your overbought/oversold, please?

Well, I think it's fine to own up to life. I got whipsawed on that one.  Such are the rules, sometimes.

Are we talking about an API that you're (everyone) is using?

I keep wanting to do that for I'm-not-an-idiot v2.0

I'd like the believe that I am (and others are) here because I (we) do see the usefulness and the value.

It's funny (or tough?). I know that (holding) is the right thing to do, most likely, even in this scenario, but can't help to want to up trade the rogue waves. I imagine that even had I bought in at 4$ (yes, I'm jealous), I might still be tempted to trade the major parabolic swings (April, now).

There is that old saying "Buy the rumor, sell the news", so, likely, traders may sell on the news while n00Bh speculators may buy. With this demographic, I don't even assume to know what will happen, new money may outpace those looking to take profits.

There was a thread that specifically asked about banking on weekends, and, apparently, they are open for normal business. I can't verify the veracity, only that the statement was made, and sadly can't (won't bother to) find the thread, though, it was here, somewhere. :-)

Right, where did I just read that?

Anyway, for all we know, they may be casually thinking that $1000 (or whatever the equivalent would be) is the first (next) big number. They probably don't really think about $10 coins or $4 coins or $0.80 coins.

+1

+1 Thank you-- every time I watch this I love it  

Also, I'm thinking of writing a simplified definition for the escalation scale we are witnessing-- like the Wildfire Danger scale of the DHS color wheel, but I'll be using my favorite, the DEFCON scale. It's something to help us through the coming 'beat drop', and look forward to getting back to a time where we sleep well.

At 5% away from 2X previous ATH, and log resistance, we are now approaching DEFCON 2... more to follow later.

Definitely +1, very bullish, indeed. Great catch! 

This article is crap and apparently "Kaminska is one of the smartest thinkers in the game on this stuff". Wow. Cartel squeeze from too few miners?!? Am I off base here that this is just stupid talk (putting aside the fact that we are over-correcting upwards, for the short term)?

This guy brought down "Bad B". Isn't he our hero now?

 

Awesome moment! +1

She actually dropped the bomb on cash.

She cash bashed... Can I get a better sign!?

Blah, blah, blah...

OK, for US citizens that's a big fat "Get back to making money, startups, trading, work, life, etc. ", and enjoy truly being an innovator...


ALL ABOARD!!!


CHOO CHOO

(graphic please)

Disgustingly, perfectly true. +1 Sir

If you're late to the party and need the link-- Senate hearing in progress:

http://www.c-span.org/Live-Video/C-SPAN3/

I won't forget where I was on Nov. 18th 2013.  

Lowery can also be found stirring numerous honey pots, or after hours at the cafe at the end of the internet. He likes to fish and spends time with his family on the weekend. His hobby is ultra-light kite decoration.

Raman "..."

tl;dr

"We can't do shit to PGP"

Thank you sir, I actually LOL'ed.

Has anyone heard them say "Bitcoin" or just "virtual currency"?

+1 Thank you. That will help the news feed. Fuck, we're making money.

Back to perma-ATH...  *time for a nap*

and 4) Allow LTC.

WAHOOOOOOO!!!!!!!

I actually sold off on the shake off, AHEAD of the actual signs of weakness (stupidly), watched it shift signs and completely re-bought all my coins. :-) Gotta react.

Exactly. Look forward to a better life, now. And, to everyone other nerd out there, we fucking rock-- see you at the $1000 or $10000 party!

+1 Manners please. Just remember, the chances that you'll be rich just went way up. Play it cool, guys.

Ho Lee Fuk -- I think you're right, too quick to be real market action, whale dump

EDIT: I think we are watching a whale get slammed. Heheehe

Yeah, they just found about it - what a novel nonce!

Whale dump-- hold tight for a few minutes

You guys think that's it? Back to up the hill, or more shakeout?

Significant Other

I guess that's what happens when a whale dumps, it can really move the market for a bit, even if it (nearly) recovers quickly. There's just so much strength in the rally still.

Right, market would probably easily absorb another 5k Sell!?

*puts rocket on Auto Pilot*

Holy crap, its so thin.

Are you seeing a double top, or am I losing my mind? Still momentum in your opinion?

Yeah, that's so... yesterday. 

Good god, but the blood in the street. Cheers.

Days like today, they thicken my skin. Just be glad you're making money. I'm down from the 900 high (who isn't, sheesh), but doing fine too.

Says the guy who *gets* that fiat is broken.   It's all how you count your future.

Still, DAAAAYYYYYUUUUUUMMMMMMM, thermodynamics, you crazy bitch.

Obviously, you're joking.

Let's not underestimate the current reality, and the idiomatic truth of the market "buy the rumor, sell the news". Careful out there.

Ready to go lower anyone?  

Charts look like the trend is somehow in the other direction as yesterday/week.  

ZOMG, glad my bitcoinreminder woke me up. Hope the west coasters are awake somehow.

edit: Not that anyone should care, but my charts say this (595) is just the dead cat bounce... yuck, guts.

You ever have the top come off of a pitcher as you're pouring yourself some nice lemonade? It's only stable after it's cleaned up. Remember, the market's inefficient, and lots of people are asleep. Just saying, do you surf in 35ft waves?

Ah, sorry, I wrote that poorly-- I was just saying what a crazy mofo 'the bitcoin' is, watching it dance all crazytown.

(edit: Am I posting pictures wrong??? I'm using imgur link)

Looks like a possibility-- wear protection.

  Thank you, good sir!  

Just to get the facts straight so far, off from the $900 (gox) high last night, an hour later we saw $580, then back to the $820 zone, then touched $502 so far this morning, before now being at $650 zone...

It's moving fast. Whether you're guarding USD or BTC, best of luck out there.

GL HF 2u2!  

+1.

If this is the relative top height of the cat bounce, then we have another 2-3 hours to see a new (similar) low (like you, I'm just assuming the trend is my friend).

What, like a pattern repeating?  

EDIT: Right, now it's time to go back to building the AOL, Yahoo, and Prodigy of the Bitcoin future. Speculating does little to help create strength in the infrastructure and ecology.

I never intuitively understand the market's reason for selling the news, but, it's what it does, and, it's a very good sign of legitimacy IMO and more good things to come. Think of it as a haircut, if that helps. But, yes, we all need to get back to work building out the infrastructure for the financial model that is beating the shit out of fiat.

You're ok, just stop thinking like a small fry. You found bitcoin didn't you?

+1 to this sentiment, exactly.

It's not that I'm bearish on Bitcoin, in general. Good lordy, lordy, baby Jesus, NOOOO-- I want to innovate within the space and be here for an entire career. It's just that the upwards trend was so strong that it overextended a price appropriate for its current elasticity. I stand by the idea that from just about ~595 (this AM's movement) we are seeing a dead cat bounce (which is bouncing pretty damn high)-- not because I like it (hell, I'm not on either side of that trade, fwiw), just because it follows the patterns that we've seen so far.

Problem with the patterns we've seen so far is that they're only good until they're not.

She's YOUR wife, you figure it out-- we didn't marry her! 

GOXXXED

Classic dd0s, sounds like.

+1 Well put.

ftfy  

Fuck I love this time in my life!!!!!!!!!!!!!!

This is really cool.

Gox is pegged, as everyone turns to the REAL show.

D-bag said ripple.

:-) True dat

He's like "I don't get it, it's complicated".

This guy is a bit of a bore.

OCC? NCUA?

Who did she say was the international body of AML governance/guidance?

Thank you!  

Thank you!

Satoshi goes BIG SMILE on "who can break the SHAAAAAA!"

Ha, I feel not so dumb-- she explains public/private key like I do wrt bank routing and pin/pass.

You're welcome.

Shasky is smart to maintain her composure from within her group's purview. (thankfully, she's quite levelheaded)

Actual LOL. Well done.

No one from the IRS has been on either of the panels.

Is this a repost from deepweb? Prolly a honeypot.

Yes, Internal Revenue Service determines taxation on revenue across various types of income (short, long, income, dividends...) at different rates. Get out of thinking about avoid taxes. Or move somewhere else.

I'm not just the president of Bitpay, I'm a member, too!

Merkely:

"So, I think this Bitcoin thing could basically blow up fiat banking, no?"

China, liquidity, boom!

they rub two sticks together... 'hey, this is tough.'

omg. fail.

She got those free 20K ripple and sits at home in her bathtub counting "money".

Does this not tell us that WE are the exchanges.

Hey let me ask you a question, then interrupt you and tell you what I want to hear.

BWAHAHAHHA

So, now we've got the OK from the government.

Next up, penetrate the Bankster thugs circle.

Schumer fumbles... oh wait... he's picked it up... got a laugh... he's running... he going, he's gone!!!

ahem, where were we...

BUY BUY BUY BUY BUY!!!!!!

Totally agree-- but, got to question how many bags of Benjamins Shasky has under her bed from HSBC!?

What in the hell are you talking about!? I woke up to an alarm that had us at $520, we went back to 750, and now we're heading south again. You crazytown on the crack smoke much?

+1 This, exactly, and Vycid's lucid analysis.

Thank you for the cheap coins.   

Say huh? p2p of bernanke...? say it again, joe

Wall fight on Gox.

Now I'm with ya! NOMNOM remuneration!

This is it guys. ^^^^

I've been saying that since we reached the old ATH (266) we were at DEFCON 1, DEFCON 2 started at 2X, and DEFCON 3 was when the whale thumped 900 in our faces, and it still plays out into the blood on the street, that, really, is only *just* beginning. I studied the shit out of the trades in April, knew the patterns, and slept *very* little in the last several days, sometimes getting multiple texts at 2, 3, and 4, and was up by 5 the last 2 days. I've probably checked the prices, on average, every 6 minutes of being awake. DEFCON 3 is only 3 or 4 days, and the whole parabolic cycle (20-40 days) is just exhausting.

What did I learn-- that trading is fucking tough; yeah, I made some money, but I could have done a lot better... wait for it... if I had just bought and held. Perhaps, I, too, will pass through the circle of fire that is n00b.

OK, so you need to recognize that you don't get it. You need to look at a chart that is longer than 2 months old, longer than 6 months old, longer than 2 years old... go back to the beginning, read old forums, and try to understand that we are seeing the same pattern over and over and over again. It's going to take more cycles and more cycles and more cycles to get huge... only now, YOU will be able to be involved, if you gain some perspective (see forest, not trees). Cheers and good luck.

Yeah, I hear ya. And, we aren't dummies...

Still, I believe that the real ticket is if we can contribute to this ecosphere, actually DO something in Bitcoin, work for or start a BTC company, stay active, etc. (holy crap down to 526 while im typing...)

Hey honey would you press Market Sell on those 10K I left on the counter!???

Am i fucking seeing this?!

I guess that's a first world problem for a whale-- how to move massive coins when you missed the most fucking obvious signs...

What if its the silk road coins on Market Sell!!!!

WTF is this major manipulation through BTChina, or something fucking crazy!?

WTF WTF WTF

Hey MARK, fucking press the reset button, geezzzz!

Oh look, another bubble that is goxxed, why am I surprised. Ugh. And, I actually put an order in...

AND... we're all broke.

I placed an order within the range, it was not filled.

I actually submitted a ticket: "BROKEN: Reset your exchange"

tl;dr Current Exchanges = Shit

I'd like to take this conversation offline. This is the next barrier to entry.

I need to walk away-- this exchange is clearly stuck on stoopid.

On bitcoinwisdom the asks keep disappearing completely and refilling. (I think!?!?!)

Is it not 2013???!? Can these guys not get this right!?

Forgive my ignorance, who is RealSolid?

Well, that's completely false, but, yeah, it could be avoided. Problem is none of the exchanges are any good.

Cool, thank you-- nice site. And, historically, he wrote exchange software for BTC, or was part of Gox, or ...?

Honestly, a pro who's paying attention is great. But a team of pros is what we should expect. *THIS* is how you know we are at the stage where you have to lift the receiver and set it on the 2600 modem!!! No worky worky.

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

Let it bleed.

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

PS Excuse me for losing my shit back there.

Can you Tor in, or get a proxy??? Zoinks.

Wow, ok. FTFY

I wouldn't begin to be knowledgeable enough to really advise you.

I saw the first one. Meh.

I agree, thanks guys.

Yay, I'm glad that worked. Be careful running Tor and another browser though (you prolly know that). Cheers!

Hello there, just wanted to respond at a reasonable moment. Seeing the blood everywhere, I thought now would be a good time.

Besides the fact that the word you are intending is spelled S-E-X-T-A-N-T, you can now check the charts and see the call I made at 6:15AM PST at $595 GoxBux was precisely the beginning of the dead cat bounce.  

Nice. Thanks!

Good morning!

I haven't read the night's meanderings, (more than 20 pages) but my chart says "Good gawd! What in the hell are you doing with a sea of death around you!? You better take this little bump up, and GTF outta the way pronto Mister!"

Don't ask too many questions about my indicators please, they're useless ditherings of a wannabe douchebag.

Hope this may help some.

I agree (down trend), but let's take a peak at mutiple Commodity Channel Indices, with the top one being the shortest term. So, yes, we are bouncing, but there is a great downward force, in general (bullet holes in a water tank!?). Not that the lower index can't rise to the occasion, but, will it?

You're looking at an indicator that measures the strength of the commodity (we STILL don't know how BTC trades, so looking at it under this perspective gets us away from everyone else's RSI stoch or moving average-- not that it's better, just another looksee). I've put the indicator below the price/vol four different times and adjusted settings so that the lowest one is the longest term, and the upper gives you a more immediate value. Typically, commodities are bought below the gold bar, sold above the yellow (if you want more info, might I suggest http://www.investopedia.com/terms/c/commoditychannelindex.asp).

Does that help explain why it might be useful?

+1 Wachtwoord, you've talked about distrusting your wife and now are slamming those based on their net worth. I'm getting an idea of some of the things that you may mistakenly value, not that I blame you, just an observation. Hope things look up for you (and all of us here) in terms of the real wealth in life, happiness. Cheers buddy.

+1
I, for one, gotta say thanks for this comment, Blitz. I'm new to this forum but really appreciate your comments here-- I know that I certainly have ridiculously risky appetite, despite a fairly good knowledge (for a non-pro trader) of position sizing and risk allocation. Do I properly size my positions, do I use a trailing stop, do I take profits appropriately, and cut losses every time? Certainly, I feel like these are my weakest areas. Finding BTC is probably the hard part. Now that I'm here, I should really exert those controls and be patient.

Do you have any more suggestions on/about BTC risk management? (excuse me, as I haven't read back through the last 20 pps)

Cheers!

Say this again, but this time could you pretend you're talking to a smart 6 year old, please?

(or: How would one errantly restructure a lower-classed systemic risk, if I got that right)

tl;dr I slept, you should too. If I had to *speculate*: We are prolly goin to 290-320 in the next 5-20 hours, with one more peak up to 400 something (300 to 450 is +50% yo); if that works out, then maybe a long pitiful drop (sideways noise) to that same low in a month or 3.

OK, so you're kicking PPC and Ripple into a lower tranche just because they look funny? (that's a joke)

Actually, that helps, thanks. I get the subordination part, after looking a brief glance at this (http://en.wikipedia.org/wiki/Securitization), what do you mean cover? Are you shorting or buying futures (and thanks for bearing with my ignorance)?

Excellent, and might I add, bravo? I was imagining big money, and wondering why you'd be here if you're involved by diversifying risk across tranches where securities are the most junior category (here, I'm thinking, well if that's so, then WTF is BTC? (junior baby), and how are you absorbing that risk into your management, are you GS!? or JPM or do you work at one of those or... or...)

Lastly, in the agricultural market, always insure non-defaulted SPVs. Thank you  

Exactly! Hi, Nightowlace. I sense your frustration, and I understand that the comments, and the big price swings can make it seem like everyone is both 1) and Asshole, and 2) is making money constantly. I don't think that's the case here. Rather, we are mostly here (IMO) because we understand that the current banking system is broken, and cryptos offer a way to: 1) increase efficiency in that system (it is *OUR* system, ya know-- its *OUR* money); and, 2) get the banksters away from fucking up the entire universe by over-capitalizing the world... you know, taking pensions from everyone, eating up good companies just so that can buy and chop and resell the financial parts of it, etc etc etc.

If you want to get a historical perspective, why not start looking at how P2P is revolutionizing the post-industrial world (to me, the *most* fascinating part of our current history)?

Rabbit is right, Bitcoin is not just some company, its the poster child for cryptos, which *will* become a mainstay of a great multitude (actually, *all* if you go far enough forward) of financial transactions: from micropayments, consumer transactions, remittances, domestic and international commerce, and government funds. Yeah, there will be others. But right now, the first baby (you know, the one that was borne of mama internet and daddy money!??) just came out of mama, and its *not* blue. In fact, it just cried when it went to the Senate yesterday! You know what that means!??! It's ALIVE!

So, do I think that's worth more than $150 bucks!? You decide. A baby today, tomorrow, the whole world.

I hear ya, ever feel like you're the only guy wearing a tin foil hat!?

Did you watch the Senate hearings? Those will make anyone feel good about where we're headed.

There's a link somewhere.

This does help-- thanks a bunch.  

+1 It's just physics (thermodynamics and Black-Scholes for the mathy). I usually believe in that kinda kooky stuff.

We agree, and I quite enjoy your analysis, contribution and commentary. :-)

I agree, especially given how freaking smart his math is... here we go, lets take the billions of people that don't have access to clean water, sanitation, fresh food, healthcare or a bank account... ok so should we count them in for 3 transactions... sounds good... next, the thing to do is.. excuse me (*leaves room, shoots face off with shotgun*)

Where are you finding readable and up-to-date bid sums, please?

Woh, thanks!!! 

Maybe, not just yet I think.

Right!?

Yeah, guys, this is an obvious downtrend-- looks like it will last several hours (watch those head fakers)... juicy coins coming soon IMO. Now if only I could set low bids and go to sleep... oh, wait.

LATERZ

Agreed, that's exactly what I'm seeing as a realistic guess. Plus then we still need to breakout above...

What's stunning is to think that not only did the last 12 months start in single digits, we've ditched those, gone through the doubles, and may be witnessing the coming extinction of triple digits as media storm hits if this CHOO CHOO uptrends (parabolically) for any period of time.

If we see 2300 by Christmas (for ex), our correction might be to a measly 1100. It's really hard to keep up with something that gains 4000% in the year. Really! Really. OMG.

Stop with the goddamned 7 transactions bit-- you're so smart, you can repeat something, wow. Do you remember 2600!??!?!? Yeah, cuz that killed the internet. The fact that it's visionary means most people won't 'get' it; you sir, qualify. Go buy some Amazon coins. UGH!!!

Right, or paired cryptos that works off the blockchain by private merchants, interface at the junction and balance the books every 8 hours (the whole fucking world's books). Not to mention the ledger is programmable to receive instructions and payouts, the addresses can be modified to further show unique data... it goes on and on.

I just hope that no one, like Boxman90, realizes that the whole thing's a big scam Ponzi scheme run by the Winkliluminati. Geez that would suck... (eats lead Feathercoin)

Is this a massive breakout trying to happen? Anyone?

Nice work, I know you're in multiple exchanges too. And you're doing this manually? If so, might I suggest heading towards something a bit more automated, at some point-- I can't imagine trying to manually handle arb across the exchanges. However, it sounds like a good idea for me to cancel my arb strategy as I see it dissolving in front of my eyes. Not like you need advice on making dough.

Yeah, I put bids pretty far down the ladder-- really sad they didn't get filled. I'm with you on this one... triple digits may be going away soon. It's so hard to keep up with the psychology of the big numbers.

Just break the ideas apart. 1) Have balances in multiple exchanges, arb (simultaneous buy and sell) when the prices are appropriately profitable-- diff minus slippage & fees... 2) every once in x you would need to rebalance the portfolios.  It's #2 that's still more difficult IMO

WTF???  Link or it didn't happen.

What is typically made of the declining volume coming off the spike at 900 in both directions-- you know, the mountain with equal sides of volume on that same chart?

Haha, yeah well, lets just hope when the value is fluctuating between 13000 and 14500 in several seasons we are still around. It's really dangerous to be off this train. (It's impossible to beat 4000% in one year) Will history repeat, again? (puts on tin foil hat, grabs magick 8 ball)

...bump...

Yoya? Anyone?

Someone has 200M worth of BTC. holy crap

ditto +1 well put.

EDIT:  So the question becomes where are we on the innovator => laggard scale? I would think still in the innovator coming up to early adopter pdq.

Yeah, I saw that post-- I think they had the adoption scale and the sigmoid curve overlaid, and someone asked what was the bell curve doing there. Well, of course, the bell curve represents the entire population, so distributes the population across that adoption. I think it is quite the conflation to just plop them on top of each other, but I'm only talking out the back side of my body.

To me the adoption scale is the one to consider, and perhaps the body of skeptics here are trying to determine what will be the 'chasm' that Bitcoin must cross if it is to get from early bleeding to leading edge? Blockchain issues (sizing, transaction speed/max, and off-blockchain transactions) appear to be the soup-du-jour replacement for the resistance that 'yesterday' (actually Monday!) was the concern about whether in US 'the bitcoin' is legal.

Now that we have overwhelming smashed the living shit out of that hurdle, the market deflates with the tiniest whimper, and appears to quite happily absorb most of the run-up, heading towards support near 4-700 (someone technical could do better). It's actually great that the tin-foilists are saying DARPA created bitcoin and Satoshi is an evil assassin Bilderberg (ok, WHATEVER they said, idk).

tl;dr Makes me think $1500 and 3000 aren't too far off, but I wonder whether there's still a chance for juicy coins in the next 2 weeks. To Da Moon, for shizo!!

Haha, right!? The whole point of the straight line on a log is that it represents the exponential straight-line increase (parabolic).

The real problem with that chart is that it needs to taper to reflect adoption of capital (not users) to conform to the Sigmoid. Because, isn't price what we are discussing here!?

Somebody put the numbers in their sig (I know that's not a metric)

I don't think price and adoption curves will correlate 1:1-- before mass adoption are both speculators and start-up innovations to infrastructure. We are only beginning to see whiffs of institutional investment. If/when institutions pull the trigger, it will be a scramble for them to take positions that are 100M - 1B USD. That's the game changer for po' folk, like us.

My concern is that (besides the normal consideration of a 7 week+ long period to describe a cup-and-handle setup) the weakened V-shape, weak volume, lack of volatility, and slipping trend may turn this into a bull trap if it doesn't break through the resistance at $778 that Yoya carefully pointed out.

She's Bitcoin I take it? Fuck I hope we bust through the $787 barrier.

I just goxxed my gox in and am back in BTC...

There's a lot of strength bubbling up-- I WAS WRONG!

Thank you for calling the resistance so carefully-- one more push!

+1 careful now, things can change quickly.  If you're unsure, buy in under 800. After that, shits about to go hog wild.

"Honey, where ya goin?"

TO THE MOON, ALICE!!!

I'm back on too-- after replying, AGAIN, to your other post on "sold at 600"... ha, crazy lil bitcoin 

Thanks man, I'm a turning into a superbull who wants to cold store his coins and pissed I ever traded any. Buckling up!  

*reclines and lights a smoke*

Captain SOM TING WONG!!!!

CHOO CHOO MUTHAFUKKAS, WEE TOO LOOOOOOO

Who the fuck sells into the trend breakout!!>!>>!>!?

EDIT: We now have directional movement with us! :-)

Oh, so I figured out how to do the arbitrage play, and it looks like someone else did too (between GOX and STAMP, from what I can tell)

I didn't say I was doing it, just figured it out. It sure as hell looks like somebody else IS doing it though.

The key is in the GOX Support press release-- they now will do NEXT DAY withdrawals to Japanese customers with Bank Accounts in Japan. It doesn't take that much effort to get an account (or a FWB), especially with as much $$$ as was on the line.

thats... us... now... 

I'd like to know if TOR is required to use BTChina?? (I can't get to it from Chrome)

It's a trend, and it's our friend.  

BWAHAHAHAHAHAHA!

That's hilarious. But, perhaps he was suggesting that another number had a greater cultural barrier, psychologically, like 8888   

What are you meaning by 'balanced book' and how/where are you getting that data, please? 

Yeah, I tend to agree-- this barrier here (the one we JUST broke through), almost puts us back in virgin territory. We had a chance to consolidate and apparently, there's a good bit of money coming onto the scene (I still don't understand how to quantify this, myself).

Maybe now we'll go to 1200 or 1500 or 1800 or 2300 and THEN 'crash' to 400 or 600.

The thing is, $775 looked like a top. But, then (just now) we got an uptick, ARMS movement, and the (usually trailing) Directional is with us. I agree that the news is hard to factor in to the equation, but remember that monies that are trying to enter the system may well view under $1000 as a good buy point. Who knows?

Also, remember how much you are believing that somehow $1000 is a magical number. Will you feel that way when the price is $1143 or $1375 or $2100?

Props to another Sierra Chart homieeeeeee! Boyeeeeee!

Bingo-- $812 is still a decent buy in if you want to catch 50 - 200 pts before a correction (or worse, the most giantest crashola in the world because bitcoin is doomed doomed (*lights self on fire, jumps out window*)  

Right and remember, mainstream is not the goal in the speculation thread. Price discovery, OTOH, is precisely what we yell bull or bear about. There are plenty of more thoughtful threads on this forum (and the Foundation pages), but none as fun.

tl;dr Welcome to the snake pit. Here, watch me light a fart on fire.

I think you may have missed the ironic part of that.

Nan,

Great, I think it's good to be discussed, (although maybe another thread *is* better) and if you noted the tone and content of my post, I tried to convey my sense that this thread is the most irreverent (and sexist, entitled, rude, offensive, disparaging, insulting, ugly and nasty) of the threads. But, hey, we're human; and, which is why I jokingly called it the snake pit (and illustrated how that might read).

Why don't you link to your thread, since at this point, it's not even 'exactly' off topic. However, like you, many that hang out in this 'lobby' also take part in relevant dialogue elsewhere (also mentioned in my post, only which you omitted in your quote), including the Foundation forum.

BTW, it's probably a young boys club, if anything, but I think I actually have seen someone light a fart in college, which is why it is a joke. No?

Cheers,
Crypty

Thank you, sir! (*goes back to counting money, and wishing Nanobrain would just buy in and get 1000% ROI already)

How about if it hits your number, put a trailing stop loss on it, or even a parabolic one? You'd have to watch it manually I think, I haven't see anywhere you could set it up, (fucking infrastructure's stuck on dial-up!) but you could just run numbers and set bitcoinreminders so you can sleep. Other guys set alarms... (idk how)

This is where no one is supposed to say... "**chomps cigar** Mwahahahaha, sacrifice the children to the demon. Do it now."

Yeah, I figured it out last night how to arb Gox (I *haven't* done it-- (they say they started offering overnight withdrawals to Japanese customers, QED...), but I agree, that looks the case.

And, behold, the market became more efficient, and everyone sang praises.

Byronbb, you're posts are always spot on and it seems like you've got history and coins. Could you let us know so we don't get spooked if you're gonna market drop them (please don't run against the trend on a big sell)?

OK, I just bought back in at 782, which was right when we started the long candle to bust through that resistance level (which if you read back a few, will see that Yoya mentioned a number of times, correctly, to be at 787. We're lit and fired up, so if you want the trade, get in and watch so you don't lose 3 or 5 or 8 or 10%, and otherwise, let it do its thing (trailing stop would be a good idea once you start seeing profits). Get on board-- choo choo, this train might just blast to quad digits sooner than you think, don't get stung (+1 to winjc's cogitation-- read his recommendation for technical reality).

totally obvious +1
praise the coin

underdog81    ====>>>    T_T

Every time you think about one coin, think about a coin worth somewhere between $10K and $300K USD, and that will give you an idea of the groupthink consensus of the future realistic value here by some of the more serious grokkers.

You've done well.  

Hey jatajuta,

Holy wonderful! Thanks mucho! So, I can run this client in mac to trade gox?!?!? I haven't read the whole post carefully.

WAHOOOO, heading towards api implementation little by little. (My older brother is trying to get me to just write everything myself, but I'm supern00b at coding, and he has... 31 years of experience (he's nerdier))!!! I digress... CHOO CHOO !!!

I know, right, the pysch is so much calmer!

Well, that's awesome! But if we drop 50% in 35 days, would she be better buying into her position a little bit each week for x number of coming weeks? In 9 months she might be MORE in-the-money then... 

Stalled!!!? We are steadily climbing to meet the ATH on Gox candlesticks! CHOO CHOO

Ewwwww, that's eerie. Maybe DARPA *DID* make BTC to launder money for the oligarchs!?

*resume tin foil dress-up*

Actually, it's ill-formed but maybe that's their mini-cup-n-handle that's trying to break out, too!

It's actually pretty close to major resistance on all three of the big exchanges at once BTC-e, GOX, and China. I might not sleep for some time, yet. Hmmm, what will happen? So quiet... Did everyone go to a movie and forget about the golden child?

What? What? *wipes drool from face*

Nice catch!

Through to the next level!! 1-UP  

EDIT: Moon now??? *yawn*

There was an Arvind video on bitcoinity that showed him getting High!?

They put a plus in adblock-- omgz (i guess i'm old skewl with ad block and ghostery)

EDIT: OK, Bitcoin, do yo thing... somebody's got to sleep *yawn*. to da moon.

Nice.

Wow, I just bought and sold that dip-- got my order pushed to the other side of the spread 3 times, had to market sell out. Scalped $50 all told.   Gox seems to prioritize funny sometimes (manipulator math), and I think market buy's and sells may actually be better for those whips and dips. Scary. Guess it's time to make coffee...  

EDIT: Definitely some sharks in there, be a bit careful if your opening and closing positions right now folks. Happy Coining!

Well, if you're a US player (like me), then set your sights on Coinsetter (which currently accepts coins only), and Kraken (which is hoping to have their CA money transmitter license by JAN, as per an email to their support this week)!

I think we've see the days of arbitrage, and they are coming to and end, and hopefully we are about to see the end of bad exchanges. The market's getting better. 

Now GOX is GOXXING, FYI. Bad gateway timeouts. HMMM, great opportunity to get pushed around while trying to open or close positions. I'd repeat be careful, this just may be a bad time for trading.

aka "Welcome to the manipulators gala, may I bring you a doucheberry spritz, the entertainment will be starting soon, and don't worry, you'll have more coins by the end of the show. Many more... MWAHAHAHAHAHHA"

REPEAT:

Gox is down.

502 Bad Gateway.

 

Agreed. It's the "but its not *worth* anything, argument", every time.

REALLY!!!??? This technology is not worth anything!!? A trustless, decentralized, psuedynonymous account ledger, money receiver, money transmitter, with deflationary design, and low friction is worth nothing!!!??? GTFO

  +1

I don't always buy Bitcoins,

But, when I do, I plant them in the ground.

Look, I get that argument. But, it's worth expanding passed the ostensible case. The ledger of Bitcoin *does* have inherent value. Maybe it doesn't seem to, because no one is using it that way. But, as a securities ledger or track of ownership, those *books*, if you will, have inherent value, as data record of ownership-- or, once they start getting used, they will.

Still down. If you spam Reload, you can get through, but can't place orders, as you get 502 again (no surprise).

Bet's on price movement when it's back!??!?!??!?  

GOX tip!?  

OK, so if you're in a tight position, (like I am) and need or want to get out (I hate talking this way, please don't flame me),
you might be able to queue a sell by spamming reload and then once you get a gox page, place your order over and over until it finally says 'queued for execution'. (I'm not talking about market sells btws)    

I believe the price is between 823 and 825 Gox. What are you seeing?

Thanks.  

Once Kraken and Coinsetter are compliant and connected to bank accounts, we will see the rapid and miserable demise of a business run in a haphazard manner. I like the volume on Gox, and the yubikey, but having no dd0s security and being down at terrible times is a deal breaker.

US money will flee Gox, and new adopters will have no reason to send their money there.

Course, they'll have to get coins out, cuz we all know that Gox bux are worth less than tulips... I digress.

While we wait...

+1 to the British comedy link ^^^^^^^   

See, it's one thing if the markets get ugly and fall off a cliff, but quite another to have to contend with both blatant manipulators (meh), and incompetent (or maligned!?) exchange operators. But where else can one make returns like this!?

During this intermittence, we aren't going upwards.

Ah. Gotcha  

FTFY  

I've got stuff to do... but, I sure hope they press the 'reboot' before I go...

it's so fun to watch the engine catch up the order queue (Crazytown!   )

PS Funfact: It's called Mt.Gox because it stands for... wait for it... wait for it...

... what's a nerd to do...

... play dungeons and dragons...

... nah...

...how about something lamer...

...what...

...idk...

...how about a card game?...

... how about a way to trade our cards...

... you mean instead of on the bus?...

... yes. i can see it now...










MAGIC THE GATHERING ONLINE eXCHANGE!!!!

ZOMG 

HAHA, no... it's just SOOOOOOO funny to me. They are doomed for being geeks. He had so much opportunity, and is making so much dough right now, but totally misses the opportunity, big picture.

I thought some folks might not know, and was twiddling...

Timed sell of 3-500 coins on top four Xchanges... *yawn*

+1

Yeah, I'm n00bish, but, I see the strength-- technically were still not getting 1H parabolic support, but to have corrected (consolidated) off of 900, and a couple of times now in the upper 800s, deeper pockets are pushing us steadily along the trend direction, no doubt. Like said, the longer we're here, the better chances of upper growth and trend continuation.

Meh, don't worry about it. Imagine it's some miner, who has 14000 coins left, and now he hit his number, cashed out for college, or a big house or whatever. Be happy for him.  I don't really appreciate going against the liquidity of the market across the book so hard; so, yeah that does look like a manipulator attempt. But, whatever. Cheers! You've got Bitcoins!

Gox asks so thin... don't love that.

OK, I know it's 'wrong', not 7 weeks, and V-shaped, but the whole thing looks like a handle is getting added to the cup.

WOW. Just looked at the 1D chart (log) and we're looking pretty amazing, duh. If you guys are curious... 
From bottom to top you're looking at:
-- Price tick
-- ARMS Ease of Movement Index (still positive)
-- Volatility
-- ADX (always a lagger, yeah, but kicking ass)
-- Volume
-- Price (Orange is Parabolic (trend) support))

Actually it's Sierra Chart subscription run in a Virtual Winbox on Mac...

Yeah, looks like it might just be, smart money says "thank you for the cheap(er) coins (reloaded)".

 

+1 Bingo. I'm learning. Thank you guys. 

They are cheap coins... well below all sorts of averages and stuff.......z.....z.....z

He dropped about 2400 coinz. or about 2M. 

OK, we get it, rpietila, now lay off the single malt. 

Actually, that douche sell-off completes the handle nicely. 

I don't believe in prophets who only speak of profits, especially ones who can't spell the difference.

You mean besides the massive cash dumps coming to all the exchanges, the new exchanges, the news coverage, the Senate hearing, and the most recent Wall St Weekend Edition recommendation!!?? 

BTC FTW!!! 

Someone tell me this is somehow not going ugly.

Hey, did you say cheap coins!??!?

JUICY  

especially with chips
e: you guys think 690 is cheap or should i wait later?

Yeah, the ADX seems to like it too much... who knows where we'll go.

Got my cheap coins-- looks like trend shifted. Hmmmm... 

You'll be back in the money soon. 

Pow. Well done.

Wall appears.

what's a daily cdf?

Thanks ZB, really nice -- I'm looking forward to this thoughtful reprise. 

This. 

+1 Towards being a good person, feeling lucky and knowing that money isn't everything.