He's well known for signalling pump and dumps for altcoins via twitter. He also offered a subscription service to alert people he was about to do something.

It's rather easier to drop a few billion whatevercoins that can be whipped up in an afternoon. If he has 400,000 Bitcoins I'd hope he had more useful things to do with his life and money.

Yes. It's big, big leap from hearing about Bitcoin to investing in it for most people. At this stage the majority would give up in a fog of confusion.

I think 2014 will still be pretty breathtaking but it'll only be laying the foundations for something headier in the following years.

True, true.

Right now though you have to do every single bit of it off your own back.

I'm assuming this year is when that's going to start changing. Then proper mind blowage will commence.

Maybe the Chinese situation will have more of an effect than most are banking on and manipulation is happening more than ever. It feels like it would be an intriguing blip in what might be an epic year.

I'm holding all the coins I've gathered so far. If there is a decent dip I'll make one final top up and then I'll wait to really have my mind blown.

Same happened to me and the price shot up before it went through. In retrospect I wish I'd swallowed a modest localbitcoins premium. Might be worth thinking about if you think the price will continue up.

If this market was a few decades or centuries old I'd take all the chartage and precedents people could serve up. There's still so, so much left to discover and develop that I'm tending to only take note of news and sentiment.

This is an enduring mystery to me as well.

You want to pay more for your coins and you don't want to be able to get any cash out? Surely people have researched it enough to know not to bother. Perhaps not.

Call me a square, but I would've taken the death of silk road as an overwhelmingly good thing. Just goes to show I shouldn't be day trading.

It must be quite restful being a relentless FUDer. You just copy and paste the same sentiments over and over and over again with perhaps the odd nod to current events if you can be arsed.

Try some new attitudes every now and then. You might find it lots of fun.

216 coins crashed the market? Are you sure?

Nope. US only so far. Hopefully international will be soon.

People still have major willies about China. They really shouldn't as it's all out in the open, but they do.

Market movers will play on that near the end of the month no doubt. It's just another chapter in the Bitcoin story, but right now it's still very important. Anyone who thinks otherwise will find out soon enough.

你需要一個新的愛好

What do squares smell of?

And a negative news report on a Chinese state business news channel telling the world about all the people who've lost money through the recent correction. I assume the state news didn't remind people that they were the cause of it.

like the several hundred articles we get from the western press every single week.

BTC China's rapid decline is obviously down to the payment processing thing but also the fees play a huge factor. Volume is inevitably going to explode with a zero fee exchange. It would be the same regardless of where it was located in the world.

I don't get what's remotely heroic here. He's just another slug making money off the misery of others.

It might have been worth some admiration had he been maintaining a direct link between drug producer and consumer and cutting out the slavers, murderers and scum who populate the middle.

The prospect of more than three down days in a row hasn't been keeping me awake at night so far.

Now it's been mentioned I guess I had better start panicking as soon as possible. I'm not really in the mood though.

Yup, history and fundamentals are being forged before our eyes. I think sometimes people on here forget this completely.

If Bitcoin was several decades or centuries old then I'd take its history into account when thinking about market movements. It's not realistic to be doing so right now when developments are firing off in every possible direction.

Established economical types may secretly love the idea but can't bring themselves to voice it for fear of highlighting the creaking pile of shit they deal with for a living.

Oh my god. What can we do?

Apart from buying XRP.

I have decided that this rally will go to 819.48. If anyone wants it to go higher I'll see how I feel a little later.

Zipzap launching in the UK next week according to their man at Miami. 28,000 locations to buy Bitcoin in the UK alone. Hundreds of thousands of eventual locations worldwide.

https://twitter.com/ZipZapInc

It certainly looks quite large from here. We'll have to see what the markup is.

It's a £3.95 flat fee for buying Bitcoin. Not bad if you're buying a complete one. Rather sucky if you're after £10 worth.

It's about time. Bitcoin availability and visibility in the UK is something of a disgrace right now compared to many places.

http://cashcoin.zipzapinc.com/

Find your nearest one here https://www.zipzapinc.com

There's one 100 metres away from me and I'm pretty much living in the middle of nowhere.

Dunno. Its seems plenty of other countries will be following soon.

ZipZap ‏@ZipZapInc 6h
Q: When are you deploying in developing nations? A: Eric: We have offices in Dehli and Buenos Aires, as well as London and SF.


 ZipZap ‏@ZipZapInc 6h
Recap: #CashCoin will rollout across hundreds of thousands of locations in 2014. Buy bitcoins with cash. Realtime. Convenient. Safe. ZipZap

Are you in the UK? I'm guessing not if a location's that far away unless you're a lighthouse keeper.

I assume they'll be hitting the rest of the world pretty rapidly after. I've no idea why they chose Britain though.

They seem to have been a bit quiet about the US. Maybe there are more regulations to untangle than other places.

Yes, I can see why that would be a small obstacle.

Well, I think the last time an announcement of this magnitude was made, humanity ended up being gifted with the Segway.

Darn it. I thought Bitcoin ownership endowed me with automatic immunity from all known laws. That's going to screw my serial killing right up. I'm off to find someone to sue.

Some extremely important people will be watching. NY is a global financial hub.

It's a far bigger deal than if the same hearing was taking place in Nebraska or somewhere similar.

Financial Times - New York finance regulator voices backing for Bitcoin

http://www.ft.com/cms/s/0/2b25c21c-88a9-11e3-9f48-00144feab7de.html#axzz2rpCPzvyx

I assume the average Bitcoin holder would be subjected to a mild rebuke and some legal shenanigans in a seizure scenario.

Torture factories en masse are a while away yet and I predict that they could raise some objections.

What are folks planning on doing with themselves if there are months of sideways movements? Will you dabble in altcoins? Start a Bitcoin business? Drive yourself to despair trying to trade a $700-850 gap or just set an alarm for when there's an explosion?

I've realised that excitement in either direction is what's keeping me here more than financial gains, not that they're to be sniffed at.

Cool. I can imagine there'll be serious and ongoing money in that for people who get it right.

Out of pure curiosity has anyone bothered to note the longest gap between postings on this thread? Chartbuddy aside of course.

Perhaps it'll end up a go to indicator of Bitcoin sentiment quoted on the evening news.

If they really are based in Bulgaria I can't imagine the Bulgarian government is going to be keen to lay down Russian laws.

If the operators are Russian then they might have a small problem. Perhaps their anonymity will pay off after all. I hope they covered their tracks skilfully.

Day trading sounds like a wonderful idea. There's no way I'd have the time, patience, skills or luck to make it work consistently.

There have been a couple of blatant no brainers recently like the China news and more Goxness. I've usually been sleeping peacefully or off the grid when that happened.

I'll remain slow and unimaginative and maintain my faith in the Bitcoin concept.

I wonder how many of those million accounts ever traded. The delays for verification would've been so long that hopefully most newbies would've done their homework and run away screaming before money or coins were ever deposited.

Regardless of the number of accounts, the volume was already fading significantly before all this took place.

Why not just ignore? Ubertrolls are taking time away from your life. Why not let them throw their own time into the void by not reading their junk?

His/her/its very special imagination?

I think the best outcome is to kill absolutely everyone involved in Bitcoin and leave the market to ants.

I think he's enjoying pulling Little Mark all over the place right now. He's got that look about him. And that coffee seemed a suspicious colour.

My guess is if they say anything, and it'll be the usual vagueness, it probably won't be until the end of their working day. I assume they are rather busy either laughing at their evil plans or working and stuff.

The more Coindesk I read the lower it goes in my estimation. Yet another branch of the ecosystem that needs some serious pros involved.

Because they want coins they can actually sell to other people?

Nope.

There's reasoned argument which people will be prepared to listen to and debate. Then there's trollishness where the same angles are pounded over and over and over again in a mindless manner regardless of what's actually going on. I truly don't understand where they find the time and the inclination.

Nope. Who pays most before it goes to zero wins. I'm looking to pay $250,000 per BTC across a selection of exchanges before it spirals down to nothing.

Here's an interesting nugget from /r/bitcoinmarkets



I was just looking at the one week charts and noticed we've hit 6 consecutive weeks in the red, this hasn't happened since 2011 when it dropped from $30 to $1.

If Gox keeps its bullshit up we could hit a record 7 red weeks which would be the first time in Bitcoins history! WOOO

The internet must be a very tense place for you then.

It redirects to mtgox indeed.

It's the type of outcome that had someone on here proposed it as a theory, they would've been sent to the internet naughty step for sheer outlandishness.

I still feel it's possible that the coins' fate is tied up in criminal investigations or technical mediocrity rather than having vaporised completely but anything is now possible...





 

I wish I still had some grandmas left. If I was one myself I'd probably skip one nasty coach holiday and take the chance.

If only some of those pesky banks wanted to play ball.

Here's hoping. I cannae believe how far behind the UK is in terms of a Bitcoin market compared to other places.

Here's another very interesting quote from the Financial Times article -

The decision comes as the Bitcoin Foundation, the non-profit advocacy group, told the Financial Times it would redomicile to the UK this spring from the US. Some Bitcoin users see the UK as a more favourable jurisdiction in the wake of Edward Snowden’s revelations about the US government spying on the internet as well as centre of a buoyant “fin-tech” industry.

The Bitcoin Foundation, set up to develop the software that runs the currency and to lobby governments and regulators, is searching for staff and office space in London, according to board executive director Jon Matonis.

We tend to have lighter sentencing in the UK. Their next stop will probably be Norway where the hard core crims have private islands to play on.

Nope.

Why would they break the habit of a lifetime and start imparting actual information now? We'll have to wait for the five dollar wrench attack.

No idea. Perhaps someone out there does know something

 https://twitter.com/niccary/status/440598582551674880

I think every day is insider trading, but maybe today more than average.

I've never quite understood this phrase. I assume you're not supposed to sell on good news or am I missing something?

Maybe it's just big news for Blockchain themselves, a new app or something.

Bloomberg = https://rtbtc.com maybe?

Now branded as Zeroblock trading platform.

I'm sure it's lovely for them. This news has failed to move me to tears.

I think everyone's being asked to donate rather than invest but you get Kickstarter style perks. Kickstarter themselves wouldn't take him on board.

He's not going to like all the KYC/ AML stuff very much is he?

There's always a new level of stupid to be found.

I assume his mother is living with him. It would've been pretty awkward to have squirted out six kids if she'd been sharing the bed.

Mr Idiot seems to have rolled back his hyperbole and isn't publishing his whatever it is tomorrow http://two-bit-idiot.tumblr.com/

They don't allow cars on the island of Sark so everyone burns around in tractors instead. Humans always seem to find a way.

The simplicity of that site certainly chimes with these attention-short times. It would be nice to have just a teensy bit of context.

Here's some reasonably sexy news - SecondMarket is trying to open up their fund to regular mortals.

http://online.wsj.com/news/articles/SB10001424052702304026304579449782511589924?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702304026304579449782511589924.html

SecondMarket Inc. is racing to open up a private bitcoin investment fund to ordinary investors as soon as the fourth quarter, potentially beating a rival offering by two investors best known for their lawsuit against Facebook Inc.

SecondMarket, which launched the Bitcoin Investment Trust last September to cater to wealthy investors, has started lining up lawyers and investment banks to help with the process.

The Bitcoin Investment Trust buys and sells bitcoins, allowing investors to place bets on the digital currency without owning it directly. It held $54 million in assets under management as of Tuesday, according to its website.

The trust would compete with the Winklevoss Investment Trust, an effort sponsored by Cameron and Tyler Winklevoss, who won a $65 million settlement with Facebook's Mr. Zuckerberg in 2008 over their claim that he stole their idea for the social-networking site. The Winklevoss brothers have applied to create an exchange-traded fund specializing in bitcoin.

SecondMarket, primarily a marketplace to trade shares of nonpublic companies, is taking a different route. It wants to take its existing fund, which is geared toward investors with more than $1 million in assets and annual incomes above $200,000, and make it available to ordinary people. It plans to list the fund on OTC OTCM +0.61% Markets, an electronic exchange.

SecondMarket is seeking approval from OTC Markets and the Financial Industry Regulatory Authority, a self-regulatory body, to market the trust to investors. The New York firm is lining up investment banks that would act as market-makers, or make commitments to buy or sell shares in the fund, and is screening law firms to act as a securities expert.

If OTC Markets and Finra approve the plan, the fund's shares could become publicly available as soon as the fourth quarter to investors with less than $1 million in assets and annual incomes below $200,000.

SecondMarket's move comes as other firms ramp up efforts to build a more robust investment infrastructure for bitcoin and other digital currencies.
On Tuesday, Pantera Capital said it had joined forces with fellow hedge fund Fortress Investment Group FIG -0.75% and two venture-capital firms to form a fund solely dedicated to bitcoin investments.

Other initiatives, including one led by telecommunications provider Perseus Telecom and a separate venture by SecondMarket, aim to develop fully regulated, high-tech bitcoin exchanges for professional investors.

The Winklevoss fund applied in July for approval from the Securities and Exchange Commission to be classified as an exchange-traded fund, a lengthy process.

Evan Greebel, a lawyer at Katten Muchin Rosenman LLP's New York office who is handling the Winklevoss application, said it is "going smoothly and we don't anticipate any problems." Citing SEC rules, he said he couldn't estimate a timetable for completion of the approval process.

By circumventing the SEC approval process, SecondMarket expects to be the first firm to bring a regulated bitcoin fund to the general public.
Until now, ordinary investors have been able to invest directly in the digital currency only via one of many loosely regulated online exchanges. But that strategy carries risks, as highlighted by last month's collapse of Tokyo-based Mt. Gox, which said in a bankruptcy filing that 850,000 bitcoins had vanished from its coffers.

The Bitcoin Investment Trust pitches itself as a safer vehicle, with its obligations to investors denominated in dollars, not bitcoin, and with regulatory oversight giving investors a greater deal of confidence.

It is unclear how deep such demand for bitcoin runs among the general public. In December, The Wall Street Journal reported that mainstream financial advisers were recommending that their clients steer clear of the highly volatile digital currency.

In keeping with the volatile moves in the price of bitcoin versus the dollar, the SecondMarket trust has seen big swings in value. Since it started trading in September, it is up 371% but is down 20% this year.

OTC Markets is an electronic successor to the decades-old Over The Counter Bulletin Board, also called the "pink sheets," an unregulated market for stocks that don't meet the listing requirements of the New York Stock Exchange or the Nasdaq NDAQ -2.60% Stock Market. SecondMarket's fund is applying to list on a part of OTC Markets known as OTCQX, which has more rigorous financial disclosure requirements and includes big-name foreign companies such as Canada's Bombadier Inc. and Japan's Yamaha Corp. 7951.TO +0.15%

Tyler Winklevoss argues that his fund, which would trade on a fully regulated exchange, is a safer option. "Because the [SEC] hurdles we are going to have to jump are higher and because it's a more rigorous process, the idea is that it is going to be more viable and open to mainstream investors," he said.

As long as there's boat loads of money to be made I really don't think they'll mind too much who they're giving it to.

As others have said before, it'll take one reasonably sized player to break from the herd and then others will come rushing.

Gox themselves confirm they have 200,000 coins

https://www.mtgox.com/img/pdf/20140320-btc-announce.pdf

The older a coin is, and the longer it's stayed put at the same address, the higher the day destroyed number is when it moves.

If it was a recently created coin that was sold back and forth all over the place it wouldn't cause much of a blip in comparison.

I would guess that a lot of mined coins are being sold straight to people like SecondMarket.

If he gets more than three accusations of being a paid shill every 24hrs the NSA/Facebook/JP Morgan/Pepsi/Nascar/Lego reduce his day rate.

I'd be surprised if they did. I assume any money'll go through their myriad bunch of payment processors.

They got 100,000 coins off localbitcoins? If that is the case then I like their folksy style.

Precious Metals.

Yup. It's on their site. https://www.fxbtc.com/news?id=2

When the day comes that an entire page is ignored I'll take a wee holiday from this forum. It might be quite soon.

This is the first bubble I've observed up close and personal. I'm finding it a teensy bit eerie how closely it's following the script others have laid out. Reddit and elsewhere is showing initial rumblings of despair.

Just goes to show that another one is on its way eventually.

Where is this written? I can't find it on their site or Weibo.

It's on BTC38's Weibo.

http://www.weibo.com/btc38?topnav=1&wvr=5&topsug=1

I'm not sure where OKCoin comes into it.

I wouldn't even bother betting myself.

I thought this was a very cool quote from here http://www.reddit.com/r/BitcoinMarkets/comments/22wcx6/what_happens_if_the_best_case_scenarios_actually/cgr72rm

I wonder how the situation would look in an alternative universe where the humans invented computers, Internet and cryptography in the early 19th century and switched from gold to Bitcoin, skipping fiat currencies entirely.

Imagine someone from this universe suggesting a fiat currency:

"Let's call this system Dollarcoin. It is a system like Bitcoin, but there will be only one miner, the government. And there will be no limits on block rewards, so the government will be able to mine as many dollarcoins as it wants to. And you will not be able to transact large amounts directly but will need to register a "wallet" with large government-licensed corporations - we will call them banks. And banks and the government will be able to freeze your wallet or confiscate it at any time.

The banks will run their own blockchains too, however all those altcoins will be also called dollarcoins. Each bank will be able to mine 10 "bank dollarcoins" for each "government dollarcoin" they hold. And the bank will freely exchange between government coins and its own coins until it doesn't have any real dollarcoins left and its blockchain fails. Nothing to worry though - in this case the government will simply mine enough dollarcoins to reimburse the bank's customers.

And while we are at it, let's invent our own system for making purchases over the Internet with dollarcoins. It will be called Credit Card. This will be a plastic card with your dollarcoin private key engraved on it in plaintext. When you make a purchase online, you will simply send your private key to the merchant who are responsible for charging the exact amount you agreed to. After that, the merchant will store your private key in its database so you won't have to type it again next time! (Brilliant idea, right?)

Of course, there will be huge amount of losses due to fraud, but we will distribute those losses equally among all users of the system and they probably won't notice. We can just as many coins as we want, remember?"

It varies by the second but BTC-e is often a little bit cheaper. I would guess that it's because you have to dick around with third party payment processors to get money on there as opposed to a single transfer from your own bank.

I'm sure China will find another reason to tickle us up and down in ways we don't particularly enjoy. I'm not sure what they have in store next though.

There's compliance and then there's taking the piss. They've been asking for tax returns among other things.

That's pretty hard won advice from people who've been there and done that.  

I'm sure we'd all love to be turning debts to dust within days. Perhaps a few on here can do it. The majority will soon end up on the wrong side of a trade and get deeper in the hole.

And your backup plan is to have half your worth in low priced alts? You may well score big on one but that's a massive amount of exposure for markets that are usually piddling and easily milked to death.

I'd say the space between hearing the word 'Bitcoin', understanding what it is and then actually purchasing some is going to be several years for most people. Anyone on here right now is most definitely not most people. 

The feeling of a price explosion has almost slipped my mind. Much has changed since the last one. I'm guessing it'll take a big dollop of US inspiration to get the next one rolling.

Why not? It seems to be the customary behaviour these days. Shame to mess with tradition.

I thought this made for an interesting quote from here

http://www.reddit.com/r/BitcoinMarkets/comments/24fhhq/daily_discussion_thursday_may_01_2014/

"Assuming that the next bubble proceeds successfully, and there is no reason to think that it won't, the conversation around here is going to fundamentally change. Right now, people are afraid that bitcoins will never catch on and will become useless. After Wall St invests in bitcoins, it will be clear that the only way that bitcoins will fail is if there is a protocol disaster. For five years now, bitcoins have always had a cloud over them about whether they would fail or not. It will be difficult for people here to adjust to that change in reality.

It will be even more difficult to adjust for people at bitcointalk.org, who have been following a set of electronic tokens that were considered a waste of electricity, but which are now listed on Bloomberg as a new asset class and which the People's Republic of China is failing in its efforts to destroy even with full government support."


I wonder what our beloved psycho bears would do with themselves if all of this came to fruition? Start stalking Litecoiners instead?

The poll's a bit extreme in either direction, no? I would go for - so be it.

Calling the next 1-2 years is very bold and more than slightly ludicrous.

I'll retain an open mind. Explosions or disastrous falls could arrive from anywhere at any time. It's a rather large planet out there.

No one knows. Just enjoy it.

I think it would class itself as a payment protocol. The element that might be termed crypto, XRP, is the carriage mechanism for all the other currencies you can put in and out of it.

Why are you wasting your time on us here then?

I think there are more than enough cultists out there to sustain a healthy little economy trading amongst themselves.

In the last few months many, many calms before storms have been called. The end result so far has either been sideways boredom or a bit of a fall.

I'm willing to draw an MS paint picture of a friendly spider for everyone for FREE.

Your wish is my command

But the legs are (sort of) in the right place, it's smiling and there's a bonus BTC

I've given all I can.

Hmm. I hadn't come across that before unless it was subliminally absorbed. His is far more professional. I think mine has more warmth.

And if anyone's placed to help it happen it's them.

I believe they're keeping 10% of their BTC. It's not practical for a business dealing with a supply chain to operate solely in bitcoin (yet).

Services are another matter. I've paid for computer repairs and design work with it. That all remained in BTC.

You already came out with that corker.

Looks like people are using their BTC for alt frenzies. Darkcoin has had higher volume on Mintpal alone.

Relatively big money, fresh technology that shakes things up and the internet to boot? I'm surprised there's one coherent and balanced post on this entire forum.

They should've kicked off with bitcointroll.org in 2010.

I promised myself that when I get an entire page of ignores I'll go find another place to hang out. The day is coming sooner than I anticipated.

Has anyone bothered to measure the world record for consecutive Chartbuddy postings?

I'm very curious to see what'll become of LTC. Perhaps we'll see a second mover advantage hanging in there or maybe it'll just be eaten alive by the tidal wave of new coins.

A million billion alts. Some of them have sexier features and more enthusiasm behind them. Then again perhaps LTC is the grand old man that'll stay standing once all the others are dust.

Not so fast. If you take mah87 and take out some letters and add some new ones you get - Jed Mccaleb.

They've already had several public offers to buy the whole amount. I guess that might change if BTC reaches 90 gerbillion per coin before they're ready to sell.

Here's one of them http://www.businessinsider.com/falcon-global-capital-offers-to-buy-the-fbis-bitcoins-2014-2

This has been going on for months and lots of people have been reporting it. I dunno why it's getting feathers ruffled now. I'll be taking my business elsewhere regardless.

He popped into Coinbase and sniffed around a bit.

If there's Dollars or Euros or whatever flowing through a centralised entity then the AML thing is inevitable.

I don't need to do anything other than provide address and ID to trade millions of diverse financial instruments through brokers across the globe. It shouldn't be any different for bitcoin. Bitstamp will soon be a quaint memory.

I dunno. I think they're an important stepping stone into looking deeper into things. If you get tipped a little Doge somewhere then after a few minutes of research it quickly becomes clear that bitcoin is the real daddy.

They've dug some wells in far off lands and provided some surreal sporting moments. I think their market cap is well deserved. And it all ultimately feeds back to BTC. I'll guess that most are using alts to increase their BTC holdings.

I ain't saying it has a great deal of merit as an actual financial proposition. Their community has been a welcome and valuable change to the standard crypto vibe though.

Er, after months and months and countless posts I finally get it. Why don't you take a lovely holiday and see what a beautiful world it is out there?

He might have been having a little fun?

It's an opinion. A very compelling and well researched opinion. I wouldn't be remotely surprised if it was true but until we have concrete evidence it's still conjecture.

If the full story ever does come out, it's going to feel like ancient history. 

It hasn't come from the mouth of anyone related to Gox or any mythical hacker or any legal entities. It's one guy's thoughts.

If it inspired a journo to go out and prove that it was the stone cold truth, then we're off to interesting places. The longer it all takes for the truth to emerge, the less potential impact there could be.

So today is the official end of bubble day. And this is being declared on the basis of one posting on the internet. Quel dommage. Let's reevaluate at the end of the season.

If human psychology and herd instinct is such an important factor in market behaviour, it's quite possible that this pattern is now hard baked into the BTC cycle.

Correct. I guess we'd better have one last bubble tonight for old time's sake before calling it quits.

It ain't news yet.

With all this talk of enormous willies flying all over the place, how do we know anyone on here is real?

I've had authenticator problems on only one site before as well. It worked fine on others. In the end I had to get them to remove it and I started again. Do you have the original key that they gave you for it?

I do find it really, really weird how this forum seems to go quiet when it should be still popping and banging when the night is still young in North America. Maybe they all go to bed earlier over there.

True indeed. But it also seems to happen on conventional days as well. Perhaps nightowldom is less of a tradition.

100 Satoshis.

Considering most people have never met most of their facebook friends that's pretty generous.

But surely with all that training for intellectual precision his 'shit' will be top quality. His classes must be way more fun that he is on here.

I wouldn't be surprised if it's right up there. If you have a quick sniff around bigger ones show up.

This   http://www.gaiaonline.com/forum/chatterbox/kimiko-s-corner-it-r0xx0rz-my-b0xx0rz/t.212211_1/  has nearly 110,000 pages. I have no plans to read the whole thing. I might've read all of this thread though.

There's a Chinese language section on this very forum. It's just that pesky google translate that stops anyone from understanding what they're on about. Some Chinese, or China-based, people do post on here occasionally but very rarely.

If that's where the volume (if you believe it) and zero fee action is then it's a natural fit for a trader regardless of nationality. I guess many of their big exchanges will eventually relocate to Hong Kong or elsewhere and go properly international.

I've used Kraken.com a couple of times and it went well. I think they're much keener on Euros than Dollars though.

Yup. Volume is still piddly. The more everyone uses it the better it gets though.

I play a little game to guess the price via the postings and headlines on here. It's much more fun than just watching some numbers move around.

Many vital moments have been and gone in my life whilst taking a shit. It's a shame but I still enjoyed the shit.

An easy place to rile up some reactions. Coming here and saying it's crap will get more response than going on a fishing forum and dissing carp.

Let's hope it isn't cynically pumped to get there.

The market has been crippled by free booze. The blockchain has now seized up to purchase drinks.

I think it's cryptocrypt.org

We're gonna milk it until the last minute just to make him sweat.

That would fly in the face of almost all adoption patterns for new technologies that take hold.

Obviously much depends on whether it does take hold, and where we are now on the adoption curve. I wouldn't want to call that.

You may have a peaceful life for a good while yet or have your hair blown off in less time than you expect.

In case you didn't know the grand plan is to purchase you by 2027.

'That' number is now permanently burnt into my screen. Let's hope we can leave behind for good one day soon.

Make us proud.

They do have a weird alt policy, though. There's very little turnover of new coins and there are coins on there that no one has given a shit about for an age. We'll never know what's in their minds.

Internet + money = a shit storm of dodginess.

You may as well become a shining beacon of integrity as an example to the rest of them.

I have no idea whether any of that is true, but it's sublimely fertile ground for trolls who are running low on external FUD.

Looks like a whole new world has opened up for them until the next bearpocalypse.

We are piling up some seriously impressive posters. The stars are aligning. All we need now is a Kardashian.

The 183,000 figure that transferred into the second address was the Bitstamp audit I presume.

Because of wiggly lines and stuff.

If any big money has had a dabble it's been far away from any exchange and so there's a negligible effect on price. We're still a long, long way from them arriving in any numbers.

Perhaps one day people will mourn The Great 10 mBtc Giveaway and wish they'd been there to participate.

Yup. They can kiss my ring piece. It's Kraken for me from now on. You only have to be verified, like, once.

I don't think so. They have banking aggravation when it comes to dollars. I think they actually asked their customers to move into Euros.

Who'd've thunk it just a couple of years ago? I thought They wanted to go for XBT as the nomenclature though.

Placed probes right up to the tippy top of their customer's colons.

And 'deverified' existing customers and asked for ludicrous and invasive extra documentation including tax documents in certain cases.

I believe it's a brand new development.

The only news I can ever recall having an immediate effect on price was during the regulatory hearings at congress or wherever late last year. It went soaring in seconds as it became clear that it wasn't going to be a total hatefest.

As for all the other news out there, it slowly adds to the critical mass that may eventually wipe out the handful of people who probably control the prices on the exchanges.

Nah. Happens quite often. Maybe everyone else is waiting for the next person to pull the trigger with a saucy comment.

The price is what everyone imagines it to be. I guess their imagination ran with the idea of someone spending several million dollars and then destroying that value by dumping all those coins. I don't think rationality is a strong point of the BTC market.

I love Tony. I don't know who he is either.

I assume the majority taking an LTC position are counting on that LTC/BTC ratio to head skywards and little else. It may not be very sexy, but it's still well established and liquid which is more than can be said for almost all other alts. There may be a few surprises left in it.

You get a lot more interest on dollars than coins.

It's a relatively little bowl. There's way more than one. It all adds up though.

It's expressions of interest rather than registered bidders. There's quite the chasm between getting some info and actually sticking some money on the line. A very interesting list all the same.

Dunno about premiums, but I'm willing to bet most names on that list would be very reluctant to put money on any of the current exchanges, let alone dick around for a week dripping buys.

Not if they did it slow enough. It would take a few days. I can't see anyone of that calibre sitting at their desk for a solid week pressing a button every now and then. That's why the big players buy from miners and large holders. No messing and the price is set.

Every auction I've ever observed sold its wares for prices ludicrously over their market value. I think the average buyer thinks they're going to get a bargain because it's an auction. If everyone else thinks that then bargains go out the window.

I wouldn't want to make any predictions about this auction though. It's a unique happening.

It's easy to regret staying put a bear market once you've been mired in it for a long time. Trying to trade it is going to be a bit more hair raising.

Peter Diamandis founder of Space Adventures and the X prize and plenty more, lays out why he thinks Bitcoin is soon to enter its disruptive phase.

https://plus.google.com/+PeterHDiamandis/posts/dWQFcpcws8V

We may as well. Sounds fun.

All the 'good' news is long term stuff. It'll all add up in the end but it's mainly top down. All of these VCs and investors will have to sell it to the regular public over time. It's a slow burn.

The 'bad' news is the type of shit that immediately affects (or they think it affects) people who hold coins right now.  

Eventually the sheer weight of infrastructure and investment will win out. Until then it's panic on.

Tera is a pathological doomster, even if they seem strangely unaware of it or just refuse to acknowledge it.

You betcha. Peter Todd dumped at LEAST five figures. Dollars, that is.

It's the responsibility of the reader to make their own decisions. Ultimately his is just another opinion among trillions of them even if it might be more experienced than many.

I'll give it a whirl and report back to you.

https://twitter.com/barrysilbert/status/482951689381904384

Results of our US Marshals bitcoin syndicate:

Bidders - 42
Bids received - 186
BTC quantity bid - 48,013

Winners notifed by USMS on Mon

I'm not sure there's been a recent case where 'we will never see' didn't end up going up in smoke within 48hrs. One day it'll be true though.

I think there should be officiated boxing matches between combative forum posters. It would send them all away with new perspectives. I can't imagine they'd be very impressive fights though.

Agreed. I think we'll bounce around until there are some bulletproof exchanges. The current ones are mainly hangovers from the $10-100 days. They're not good enough if we're talking thousands per coin.

And while the tumbleweed was rolling past, we so very nearly saw the $10,000 bitcoin, albeit only in one wee corner of the internet and presumably because someone was drunk, misinformed or pushed the wrong button.



It wasn't such a long wait after all.

Where else?
[/quote]

Their official base is Hong Kong. They probably are hanging out in a garage in suburban Toulouse but wish to keep that quiet.

In recent years has there ever been a Zerohedge article's prediction that came true? The formula seems to be picking up on a comment made by an official, creating a disastrous scenario out of it and then it's topped off by an avalanche of comments that are the same regardless of the subject matter.

If everything on there came true we'd already be back in the trees munching our own faeces.

MainStream Media.

Er, what? He bought some tickets to a classical concert.

Ah. That'll teach me not to do my research.

July 24th was supposed to be the peak, not the liftoff, according to the 234 day cycle that's been battle tested, ooh, at least twice. How could anyone lose?

You can click the 'explanation' text next to the chart to know more.

It shows the publicly available selling and buying bids combined into one chart so you get an impression of the market.

Almost 64 is a pretty darned cool age to be. If you hold it together you're still fully functional with a large dose of silver fox too. I'm looking forward to it.

I don't think there's been a case of merchant adoption having an effect on the immediate price.

Long term is where it's at. Every merchant adds legitimacy. More and more of them will follow Overstock's investigations into a closed economy.

The average Joe who vaguely knew of it as drug money a couple of years ago will look a little closer with each new merchant. Perhaps there'll be an option to be paid in BTC by quite a few of these companies too.

It's a process of seepage rather than an explosion. Eventually it'll pay off enormously. Without it, it's going to whimper rather than bang.  

I will thicken and engorge when 666 is clearly history. That is one tiresome figure.

They're a sneaky bunch. I remember being taken to church aged four or so and wondering who the geezer in the dress was and what all the shit he was talking meant. I haven't progressed much beyond that attitude myself.

He's resigning to throw himself fully at BTC. A strange reason to panic.

$1000 was pretty darned moonish already for those from the early days.  

$100,000 feels moonish enough for me. That might just be attainable without having to dismantle the entire global financial system, but that's a pretty good idea anyway. 

I don't get why 7777 is the cause of a collective boner but I admire the post dumper's dedication. Good luck whoever you are. And maybe you can find more constructive things to do once you can't hold back the page count any more.

I wonder whether that pic is making Satoshi froth in his/her/its/their bunker.

Would the Ethereum types with all their hype and connections be stupid enough not to have already arranged a sale off exchange long ago?

Shit Hits The Fan

They'll have armoured supermarkets and zombies will have their cards cancelled. Commerce will find a way.

I think he was caught up in the Gox implosion and hasn't been very talkative since.

Much more hassle to get USD in and out compared to other exchanges is my guess. You have to go through some weirdo third party services.

Loaded appears to own a large number of coins and also had clients he was managing them and buying for. A whale out in the open pretty much.

Gotta be Hulk related surely.

Sounds like utter twaddle to me.

Bank accounts are US only. It seems you can pay with a card from several other countries. You have to swallow card exchange rate fees though.

It was a great surprise to see how many of the old guard still had coins and USD in there when it went tits up.

I guess when something's been part of the landscape for so long it becomes that much harder to believe it'll turn to dust in front of your eyes.

I thought the consensus was that he was a bot. I struggle to believe that a real human can post the same content so consistently.

If you had that much coinage and wanted to sell it then you'd be far better served selling it miles away from an exchange. Your price is set and there's no risk of the exchange failing, or them shutting you down.

Folks with that kind of cash washing around are going to be very, very reluctant to send it to a bunch of teenagers in Slovenia.

kudos.

I've been doing it for months. It makes things far more intriguing. And confusing.

It's Kex. I got frowned upon using the wrong pronunciation. I flogged a load of junk to them for BTC a while back and very painless it was too. Nice to see some proper UK action for once.

True indeed. A womanfriend was from Spain and, though her vocabulary was still a work in development, I never had a clue what she was talking about when it came to grammar. No one taught me a bean in school.

The more alts there are, the more toxic they seem, the more credible BTC becomes.

I know hedge funds are all about pushing the financial envelope, but I'm not sure I'd be best pleased if mine was taking the plunge with an unregulated exchange in a far off land.

We might fall victim to a post exterminator again. It might hover around 10,000 pages for a while.

Wow. 10k is obviously gonna set off someone's autism.

My theory is that there's a warped character out there whose heart is set on either $1000 or $10,000 on the 10,000th page. If that is the case then we could be floating around for rather a long time.

I truly believe this. Nothing but an automated program can produce such astoundingly consistent drivel.

Hindsight is a wonderful thing.

Has there ever been a documented sighting of this dump taking place anywhere ever in human history?

Depends where you are. I'd never voluntarily drink any tap water in the SE. It tastes vile and is strangely unquenching. Glasgow is the tastiest funnily enough.

Has there ever been any good news from China? I assume VC and merchant adoption is non existent and will be for the foreseeable future.

A few ancestors of mine were enthusiastic slavers. I read a letter from one of them delighting in the end of slavery. It meant he didn't have to house, feed, educate or lay out for medical treatment. All he had to do was pay them. 

I think they're likely to be ever so slightly more savvy than that. That's if they have the need to go anywhere near an exchange these days anyway.

This xmas I didn't give any actual presents.

What I did give my family was a three hour presentation on crypto. After that I hosted/ insisted on a four hour discussion on what they learnt. To round off the day I forced them to do coding until bed time to relax.

I think they all had a lot of fun. Or I did. I have a full menu of extra reeducation for tomorrow.

Absolutely not. It was a smart TV. My grandmother had the soles of her feet whipped until she successfully converted it into a bitcoin node.

Well, at least we might leave behind the 'bedrocks' of BTC lore such as the old chestnut of never going below an ATH.

People have been basing far too much on a bunch of made up numbers from an extremely immature market anyway.

If anyone of that calibre gets up to anything in the BTC space, it'll be making the services that draw the people in and make money whether the price is exploding or in the toilet.

Chucking personal wealth in just to make us feel better would be an utter and fleeting waste. It has to come from the ground up and that means lots of people finding lots of uses.

Are there any properly mainstream insiders yet?

Such is human nature. That's why most people fail miserably at trading.

They've probably never even been to the UK. They have a nice little slot in a wall in that joint to get some UK post and that's about it.

That's a very respectable amount to have.

At the very least you'll be a more impressive failure than most on here.

Wow. You can tell everything about someone's life history by just looking at their posts on the internet.

It's two questions.

1 - Will BTC succeed and become a reasonably-sized/ big chunk of the global economy?

2 - If it does succeed will 120 change your life?

No one can answer 1. The answer to 2 is - of course. There's less than a couple of hundred thousand people who could ever own a similar amount, probably far, far fewer when the present distribution is taken into account.

That's assuming that many of the Chinese coins on exchanges are real in the first place.

Depends. If their break even is met during what seems like a price explosion, then they're likely to be caught up in the mania and not sell.

If it grinds slowly up for months then perhaps lots of rises will be dampened by people getting out. There's only so many though.

This is jolly good news.

I am pleased.

He Speaks The Truth.

I've already killed myself. This is an automated bot designed to respond every time suicide is mentioned.

No one ever gave a half convincing reason why that should be.

The previous high came from Gox. Make of that what you will.

Au contraire, but who knows?

Adam Guerbuez ‏@AdamGuerbuez  5h5 hours ago
@BitcoinRat when the news hits though, you will thank me, that is if you are holding onto a nice stash of BTC currently...

Those up to their ears in the BTC world tend to get excited about things the rest of the world doesn't give the remotest shit about.

Blockchain.info had a habit a while back of dropping heavy hints about radical upcoming developments. The results might have been radical for them. No one else particularly cared.

Anyway it'll be fun to see what transpires.

Now we have an update on his background, it's clear that this man is consistent with the BTC community's principles. Good to know.

It'll be here on Friday.

A bull trap is an upwards price movement that fools people into buying in before another fall.

I don't think this is the news a certain podgy attention seeker is talking about. It's in the deep past for starters.

After years of research I have valued the entire BTC space at the same level as my arse. As no one has ever offered me hard currency for it, even for a few minutes' rental, this does not bode well for my position. Ah well.

Some interesting stuff will no doubt be announced at BTCMiami and he'll frame whatever the juiciest titbit is as his tip all along. Lots of attention gained with little to no risk.

Currencies are treated as investments across the world. BTC wouldn't be within a light year of where it is today without people treating it as an investment. I'm not saying that's right or wrong but that's how it is.

Fishing indeed but if it's anything it'll be announced at BTCMiami and that doesn't start for a few hours yet.

If that is the case then it makes zero difference to the immediate future of anything other than a PR blip for them.

How many people on Planet Earth know what Bitfinex is? And what infinitesimal fraction of that infinitesimal fraction would give the remotest shit about this?

I assume the merchants are subsidising that in the fees they pay.

I wouldn't have thought they were any more reactive to news than bear markets. And bull markets are far more fleeting.

The only example I can think of was the senate hearings where it exploded as the vital sentences were uttered but that was potentially real make or break stuff.

I should be so lucky. My bank issued me with a death warrant this morning.

I think the average personage will need to evolve a fair bit more before they grow out of the desire for middlemen.

Why would China give a shit about some company getting some money in a far off land?

This is 'news' along a similar level to all the merchant adoption. It's great for the future. It means nothing for right now.

I still refuse to believe that this character is anything other than a computer program. Surely no biological being can be so repetitive and mindless.

People bought and sold at that price level, ergo it was a real bubble regardless of what caused it.

It's big enough for me.

If anyone has an inside line on upcoming financial shenanigans it'll be the wsj. It would be a hard thing to keep a lid on so it could've been anyone.

For a long time to come people will still need to convert money back and forth.

They deserve the ability to do it without being raped by incompetent children or crooks. I would call that good news.

Looks like US only for now with plans for further afield later.

It might just be a recovery compared to a bubble, though perhaps a bubble may come sooner rather than later.

During the last one there would be a leap, followed by a breather, followed by another leap. I remember it going up $200 between going to bed and waking up one night.  

Because people felt jolly?

They were there at a dollar preaching doom, in fact some of them are still here preaching the same. No reason why there won't be plenty still if that ever happens.

Went outside for some fresh air?

Internet + relative anonymity + money.

What else did you expect?

No one in the UK seems to be able to keep a bank account. There is Coinfloor but they're with a Polish bank so you may as well use Bitstamp or Kraken.

There are a lot of other options to buy and sell but they're not exchanges and they have sometimes ludicrous premiums. Have a look at bittybot.co.uk

He's just riding the mood, you big poo head.

Pah. What do they know? I put my faith in the repetitive jpeg posters and embittered doomsters on here. Our future is unquestionably in their hands.

Thankfully I don't have a wife. If I did then I wouldn't tell her about it and I'd only be using my own play money.

If you start potentially throwing your collective future down the toilet, then a spouse has the right to boot your balls through the top of your mouth. My sympathy is limited.

Absolutely, but there's always a chance of it going massively wrong.

Provided they're not informed from the get go and the loss of the money invested isn't going to impact their future, then you look like a hero if it pays off. If it doesn't then there's nothing to be thrown back in your face.

If my beloved told me she'd put half the house deposit into BTC then I'd be shopping elsewhere the same night.

Sucking farts fresh out of my grandma's ring piece is one of my happiest childhood memories. There's no goddamn way I'd ever let anyone else suckle on her guts for less than two million dollars. She only had so many to give per hour.

I've no idea why any of that should be a surprise to anyone. It takes money to operate in BTCland so those who have more of it will naturally veer towards dominating it if they so choose.

Not so sure about the Bitcoin Foundation lording over everything though. Enough people regard it as a seedy joke already. I don't think it would take much for a more viable setup to leave it behind, if a need was felt for it.

Being up to one's tits in personal debt is par for the course in certain countries, a huge no no in others.

Britain pretty much wouldn't function without it. Try living the same way in France and they simply would not permit it.

'Free market in action' 'be your own bank' 'shoulda seen it coming' 'if you don't got your private keys' 'due diligence' etc.

Lots of people love to preach this until it happens to them.

I sympathise with anyone who loses anything. With BTC world as it is though, the risks are too high to be giving coins away unless someone can present a cast iron case.

"Investors said they were lured by promises of a HK$1 million return in four months for buying a HK$400,000 bitcoin contract which would produce 90 bitcoins on maturity. Extra profits and prizes such as a Mercedes car or cash prizes would be paid if an investor found more new clients."

Because there aren't any actual bitcoins involved? The folks who lost put their fiat in.

They're living quiet lives in late 2013/ early 2014.

So someone else gets to have a go at making up their figures. Should be fun.

Barely anyone is using it. It's a textbook example of why a market cap is a worthless metric.

Check out the more meaningful stats. r/ripple currently has two users online. xrptalk has a bit over 3000 members in total.

But none of that counts for shit either if heavy financial hitters are warming up to using it. 

This is an enduring mystery to me. I think a lot of BTC types feel threatened by something which really has little or no resemblance if they looked into it. The more I read about Ripple, the more confused I become so I'll leave it to someone with half a clue.

Or can count at all.

Correct. McDonalds talked about a new way of paying and in the teaser it showed lots of customers laughing or disbelieving when told about it.

This meant that bitcoin acceptance was absolutely inevitable because the tired, hungry, overworked and poor general public always laugh and smile when someone behind the counter tells them about decentralised crypto currency with a series of diagrams, lines of code and haranguing.

He's locked into one point of view and is oblivious, or refuses to acknowledge any other regardless of what might happen.

Bullish, bearish or neutral, I'm interested in hearing opinions from people who are thinking and responding.

There's no point in bothering with folks who are just ejaculating the same angle from minute one and will never, ever deviate.

He is now. He's just been initiated on his secret island.

Someone needs a crowd-funded hand job.

Internet, hard money, anonymity. None of these things are a recipe for a happy community. I'm surprised things are as civilised on here as they are.

I don't think anyone ever took that idea seriously.

me - 'Hey, I fancy some alpaca socks. Let me get some coins from a guy via localbitcoins.'

him - ''Yep. You can have 0.1 BTC for $23. Or I have some Silk Road BTC for $75. It's only been through 15 transactions since but I can definitely trace some dust to the original batch. In fact I insist you have these. It'll make for a much more fun transaction.'

me - 'Fuck off.'

Bitcoin still cuts it in countries with third world banking systems like Sudan and the USA. For someone from the EU, US banking is a creaking disgrace.

The overwhelming majority of the world can't afford Apple or thinks those who advocate their products are nincompoops. It's a bit of fraying tinsel on a system that is not engaging with the world at large.

If that transpires I will still regard Apple fans as silly sausages, but I'll be pleased anyway.

I think it's more down to the bizarro smugness of their owners than their desirability. There are plenty of other phones that cost just as much.

You bet. Anything cheap that works. There's a big old choice.

Yes. They were pleased with their choices and I applaud it. I didn't applaud spending ten minutes listening to them trying to convert me. I'm a neither person at the moment.

For the relative luddite on a budget there is...

whisper it...

W****** Phone 8

These days I'm a 10 yr old Nokia person.

Get yourself into a market with some real fundamentals.

http://www.vice.com/en_uk/read/the-uks-drug-dealers-love-the-nokia-8210-988

Gox had them all along. They were the ones 'rediscovered' when Mark could be arsed to think things over. Have they stated directly that they'll be returned though?

Anyone who thinks the average Cypriot read up on BTC and then bought in within the space of a few days is tripping their tits off. It was inspiration for existing believers to buy more and that's about it.

And did you pay attention to what happened with the previous auctions? Sod all.

The last winner was mainly a syndicate of buyers. Chances are it will be again. The likelihood of them acting in unison is nil. I assume the primary attraction for them is being able to buy well away from any shit that exchanges may get up to.

There'll be other creditors besides just coin holders, not least fiat holders. The whole process has to be paid for as well. Let's hope people get a good chunk back regardless.

It's a fine idea but maybe this thread should remain a cesspit with proper discussion happening elsewhere. Either way it would be nice to have some type of moderation.

Nope. Just a tiny amount of attention from the mods.

I'm sure a significant proportion of early adopters of the penny farthing or the flat screen tv were paedos too.

Lemme know if you want it gone then. 

It seems to be pretty discretionary depending on your bank. Some banks are refusing to refund online banking hacks and citing that it's their customer's responsibility to guard their details.

I don't think there's enough space on one page to fit my ignore list in.

We only have so much time left on Earth. I refuse to waste it reading peoples' opinions which I know'll be worthless before they're even written.

They were miraculously found by M Karpeles in the aftermath and that's what is left to give back. However I assume a lot of expenses are coming out of that amount so their original owners may not get as much as they expect.

How can you say that?

This is where I'm obtaining my next wife - http://www.theatlasphere.com/dating

Then we will have lots of heartless little children.

No. I will throw you Ms Rand's works page by page from the walls of the citadel once the elite have relocated there. You can slowly learn the true way as you wallow in the filth below.

Thank you.

Sadly for some, the world is often a more simple place than we want it to be. The NYSE is one of the most venerable institutions and they have sunk money into the BTC system. Ergo, one Wall St's most venerable institutions has sunk money into it.

Crazy supposition I know.

I agree that the three dots at the end of their sentence hints at something. Maybe it just means they regard the NYSE thing as pretty outlandish.

Achievable for alts. When there's fiat involved it becomes a whole lot trickier. I guess once Gemini and Coinbase are fully rolling worries will lessen but they're still bottlenecks.

Who cares? This is a building block for the future. It'll pay off in the end.

I genuinely cannot believe that a working professor with a fair bit of real world rep would be up to something on here, especially the sheer volume of it. But the internet can do strange things to otherwise rational people.

You definitely have to be somewhat batty to go into large boat ownership unless you have major money to burn. It's a much better plan to butter up to a future BTC trillionaire, use one's masculine wiles to marry them and then sail away into the future with their gains.

Well, anyone who's sat through the relentless doom of the last few months deserves to ponder some upside for once.

But you need to be super ludicrous rich for the boat thing. And you don't get super ludicrous by blowing your wad on the way up on boats.

I think a wiser investment would be spending some cash on North Korean doctors to bio engineer gills onto oneself.

I'm sure many here could manage one of those right now. I assume they're dreaming of private subs, brigs filled with willing 'chickens' and lashings of nasty gold everywhere. No matter what happens I'll stick with the occasional ferry trip.

I think that's a bigger and much less predictable factor than the SR coins. I hope as many people as possible are paid back but perhaps the cost of the whole process will eat a huge chunk.

We've matured and moved on to boats now doncha know. Choppier, slower and riskier. A fine analogy.

Are you reading the same thread as the rest of us?

If you've sat on the losses til now, the chances are you're in it for the long haul and the fear of missing out will be just as strong as before if it's blowing up.

I guess anyone going in for the auction is pretty exchange averse to start with. It would be a monumental grind to spread across several exchanges for days on end. I'd do it myself, but there are some strange/ more sensible folks out there.

There are a few bigger ones out there. I think there's one which is over 100,000 pages. I'll save reading that for when I'm in hell. I wonder how many people on here have perused every page of this thread? A fair few I'll bet.

Still, that's a far from shabby performance even if it was all hot air. I'm sure a few people made real money from it. It'll be interesting to see what a rise would look like once trustworthy infrastructure was up and running.

Maybe if enough people are adhering to their wonderful squiggly lines it becomes something of a self fulfilling prophecy. I myself regard it all as a heap of shit. The lines do not account for things that happen in the real world.

It's always been harder to get money in and out of btc-e hence the lower price. You have to dick around with third party agents to transfer it.

Bitstamp is still going and covered all the losses. It's fading though.