No hodls barred... my blowstamps are on the way back up!!

Doctor... The patient has flatlined!!     

I don't think the stability has anything to do with new coins. Just a changing of the guard probably. Night shift is leaving and the morning shift is coming in.

Maybe we'll see an uptick as New York wakes up.

Hodling like a mthr $%&#er

Going to bed... expect to wake up to $800+ Bitcoins.

LOL 

Good because I Sodled about an hour ago 

I made bucket loads today on that   

Did I hear someone is drunk...

BTC price stuck in a narrow range for the past 12 hours.... attacking each other makes the time go by quicker I suppose  

Hey macsga,

I go to Greece every summer. Usually two weeks in Galaxidi and then maybe down to the islands. Love hiking though. If you can recommend some good places I would appreciate it.

Cheers

Very nice, but liked the original better. This one is a bit understated.

Gox 1050 wall just disappeared.

This is the reset to pre-crash levels. People just decided it's time i guess.

Or mine...

Gox 1060 wall... poof 

Holy shit.... big dump on Gox....

I live in Japan and just got "trusted" status with Gox. It has been a very slow process (started 2 months ago). So the first day I have it I'm like 'weeeeeeee, let's start arbing...' Only to find out when I log in that my daily withdrawal limit has not changed. Still stuck at $1,000 a day. So anyways, I tried to withdraw $1,000 into my Japanese USD account to test it; however, the withdrawal has been mysteriously cancelled twice now with no explanation. Still waiting for answers. /sadface

I've also got a $15,000 deposit over at BTC-e that hasn't gone through yet after a month... Starting to give up hope that arbitrage is even possible.

Red candles all around, we may be heading back down to the 900's range.

Every time I look at the Huobi charts I can't help but mentally pronounce it like "ho boi" ("Oh boy" in a heavy Chinese accent). As in ho boi... where do they get the balls to fake all this volume.

Here is a thread on it. --- > http://www.reddit.com/r/Bitcoin/comments/1uhc58/is_huobis_volume_real/

In addition, all of the transactions are supposedly going through the personal bank account of the owner to skirt the Chinese regulations on fiat exchange. If that were the real volume I don't see how that could be managed.

Right but assuming they are reporting true volume there would still be an unbelievable amount of fiat channelled through this one account. In addition, the no fee policy leaves the door wide open for manipulation by bots.

Great, we get to break $1,000 again... better get my .gif ready


http://i.imgur.com/VIhkDAr.gif

Aaaaaand... here comes support.

A classic 'grab your ankles' pattern...

For anyone who hasn't seen the reason for this flash-crash.

https://bitcointalk.org/index.php?topic=403499.new#new

People see this as a possible lead up to a crackdown. Just as last time in the space of a few days there were multiple announcements which crashed the market. The deadline for withdrawing fiat from the Chinese markets is looming and it seems like more actions might be taken.

The optimist in me says HODL but I also made a promise to myself that I would take signs from China more seriously next time.

All green, volume has leveled off. Looks like it's all clear for now.

Time for bed, hopefully I wake up to 1K+ again.

In case I miss it here is the .gif

When you live in Japan you tend to care about what happens on Gox...

Just woke up in panic mode, sold all alts on Cryptsy. Waiting for the transfers to Gox and hope I get out above 900. I think things are going south again and I promised myself I wouldn't hesitate the next time bad news came out of China. 7:19 here in Japan so I expect things will get worse in an hour or so when China wakes up.

I believe in Bitcoin long-term but I'm not going to pass up a chance to buy $600 coins again. News tends to come in waves out of China. I think there may be more to come in the next few weeks, if not days.

It might be true. And I wouldn't mind if you are right. But it feels like time to get liquid again. We'll see how things go.

Rumblings in China again. A big retailer banned Bitcoin and mining gear from their platform.

We appear to be out of the 'danger zone.' Until the next big China news at least.

Public auction. That's the way these things are typically handled. However, considering the nature of the confiscated 'assets,' it may be handled as many suggest here, in a prearranged public sale.

I reside in Japan, have a Japanese bank account (in ¥ and USD), have gone through all the bullshit to get 'trusted' status for large withdrawals and I still can't arb. I thought getting trusted automatically gave you the withdrawal increase bump but apparently you have to request it. I requested it over 10 days ago and still no increase. On top of that, the withdrawals I've tried to make in USD to my Japanese account have all been cancelled and support hasn't gotten back to me with an explanation why. THUS, the artificially high prices... impossible to arg Gox I imagine.

Because then I would have to pay the conversion fee to USD when I wire the money to another exchange to buy cheaper coins. Yes, it would only add about 1 - 2% but still. But that's actually what I'm considering now. See how it works.

Did I miss something... what's this sell-off?

No 51% though right. Just the possibility.

I give up... I lose at Bitcoin.

pit pat piffy wing wong wang 

How is TA relevant when all of this volatility is based on news?

Unfortunately, Brontosaurus never existed    Looks bad for Bitcoin...


http://www.npr.org/2012/12/09/166665795/forget-extinct-the-brontosaurus-never-even-existed

+1

Bitcoin keeps waking me up in the middle of the night. What's it doing? What's going on? I'll just check the price on my phone. Oh, and now that I'm up I may as well check the wall and a few graphs... Oh, now I want to stay up and see if there is a price spike at 5:00 AM like has been happening lately... Who needs sleep...

Thanks, going to crash for a few more hours. Plenty of time to obsess over BC later in the day.

Big walls all around.

Is there any way to set this thread so that new comments auto-load and cascade down the page? Any browser add-ons that could do this? Tired of refreshing comments every 2 minutes.

Pro tip! Thanks!!

Well, I'm glad there is at least a little excitement as we fast approach the 4,000 page threshold... CHOOO CHOOO

    4,000 PAGES!!!! CONGRATULATIONS!!!! 


BTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTC

A little bit premature...

Well, lots of buying all around so either people haven't heard and they are taking advantage of lower pricing or the market doesn't see this as such bad news.

http://hypron.net/bitcoinwisdom.html

4,000

 BTC   BTC   BTC     BTC    BTC   BTC

Yes, 'bitcoin has risk.' But keep breathing the air in Beijing, nothing to see here...

So the Gox premium is now over $200...

Huobi going down in flames, let the panic selling begin!

Bitstamp heading sub-800.

Wondering the same thing.

Yeah, I was excited because I just got my withdrawal limit bumped to $100,000 USD/day. Now I hear that ¥JPY withdrawals are also slowed way down. Can't win...

WooHoo!!!

Finally the dam breaks

The $940 bid wall disappeared and was replaced by a $950 ask wall

I'm a permanent resident of Japan so I didn't need to. Just mailed in my gov issued ID.

Not sure about that but I've seen one that dispensed live lobsters... and one that dispensed used women's underwear... so yeah, that could be a thing.

Big dump on Huobi too...

Huobi chart frozen on Bitcoinwisdom...

Edit: Moving again

What time does it start? How many hours from now?

Yeah, I was wondering the same thing... some centralized bullshit. Sounds like Ripple backed by gold.

They can't hear you... I imagine...

I wonder if there is anyone Shrooms hasn't put on ignore yet

If anyone wants to pay my legal fees I'd gladly sue Gox for you in Japan.

I just withdrew ¥JPY to my Japanese bank today... let's see how many weeks it takes to get there. I soon expect to be a victim...

7 AM in China on the 31st, the world hasn't imploded.

Now can we PLEASE... get back to CCMFing...

I think he may be back. Several 20+bc buys in the last few minutes.

Not sure which one you're referring to but it's been an interesting day for alt releases all around --->
https://bitcointalk.org/index.php?topic=444549.0;topicseen

Apparently one of the coins released today 'Wikicoin' got almost completely pre-mined... and then the pre-mined coins got stolen...

Hilarious

Shroom you're such a fucking tool... Hurry up and put me on ignore too while you're at it.

I heard that Shrooms has a farm animal fetish... anyone confirm/ deny... Proudhon?

So this is what we're doing now... talking about speakers until the Chinese come back

Or until Gox folds... whichever comes first

Gox just hit the 800 wall 

2,000 + coins to get to 930. I think we'll wallow down here for awhile.

How much does anyone want to bet that this was Gox:

http://www.reddit.com/r/Bitcoin/comments/1wtbiu/how_i_stole_roughly_100_btc_from_an_exchange_and/

I saw these kinds transactions going through for months (strings of .0001 Btc). I thought they were just bots doing some random bullshit... what if they were doing this the whole time...

The 800 wall is being DEVOURED on Gox... CCMF

Get your cheap coins now... I think all the excitement is over for today.

We hit bottom already... strong upward trend now as ppl scoop up all the cheap coins.

+1

 

Somebody call up Stamps and tell them that we've already reached bottom... They didn't get the memo it seems.

And BTC-e and Gox have reached parity ladies and gentlemen!!!

Gox faltering on the brink
Apple bans blockchain app
Russians planning on outlawing BTC
Huge orchestrated dumping across exchanges
Gox finally shutting down BTC withdrawal

Lots of reasons for this dump today

And new record for BTC days destroyed...

I'm sure I'm still missing like 3-4 things...

I think a lot of this today is an orchestrated attempt to crash the price, and maybe exact some revenge on Gox, who knows...

Ironically it's the Russian owned exchange is the one that didn't lose it's shit on this one... Stamps went full on panic mode down to 618  

cannabis saves us again!!!

Yep, Gox got everybody this time... Not a sole alive who hasn't been Goxxed

They plan to be working on it all weekend and gave the impression it might take longer. Don't expect any BTC to be flowing out of Gox anytime soon.

I'm going on 10 days now so if they are working they are not working well..

Read This!!!

http://www.reddit.com/r/Bitcoin/comments/1x9gue/my_protest_at_mtgox_offices_5_to_7th_february

It may answer a few questions, or stoke more speculation... either way, interesting

Nope, spotted recently in Tokyo at the office:

http://www.reddit.com/r/Bitcoin/comments/1x9gue/my_protest_at_mtgox_offices_5_to_7th_february

Aaaaand... it's gone

OP hasn't delivered yet but we will see.

It's already $25 (~3%) out in front so yeah, going back to the status quo

For those who don't Reddit, here is some more Gox information/ knowledgeable speculation (reposting off another thread):

http://www.reddit.com/r/Bitcoin/comments/1x93tf/some_irc_chatter_about_what_is_going_on_at_mtgox/

Quote
[–]nullc 14 Punkte 3 Stunden zuvor
Because the quotes are irreparably messed up I'll write up a long form explanation:
Some background: MtGox runs custom wallet software.
This is a reasonable and common practice for a service of its size and nature.
Getting a wallet implementing right isn't easy as there is very little room for error, much like the rest of the Bitcoin system.
Some have criticized their use of custom software here but it is a reasonable and common practice for a service of its size and nature. The reference client's wallet is basically suitable for small scale single party use. I would not recommend something like MtGox use the reference node wallet, at least not without a healthy layer of abstraction on top of it— relieving it of duties harder than key management and chain monitoring— or otherwise improving it greatly.
(For that matter, MtGox's wallet software has caused them fewer concerning problems than some other companies. (E.g. some have completely re-implemented the Bitcoin protocol, incorrectly, and exposed it to the outside world and suffered numerous local blockchain rejecting glitches). Though its certainly taken Gox a fair amount of time to sort things out.)
I first heard people reporting stuck transactions back in ~September. I looked into it and determined that Mtgox was spending immature coins. Freshly generated Bitcoins (from mining) can not be spend until they are at least 100 blocks deep in the blockchain. This prevents the funds from vanishing forever if the chain reorgs. I pinged magicaltux and after a couple tries got ahold of him. I think they also wasted some time on dead ends trying to resolve this before the actual nature of the problem was brought to their attention, e.g. raising their transaction fees with a mistaken belief that their fees weren't high enough.
Mtgox wasn't tracking if the coins were freshly generated or what their height was in their software. Including this data would apparently be a non-trivial change, and for high risk finance software even a trivial change takes a lot of work. I suggested a workaround (basically, just try to spend the oldest coins), and as far as I know they implemented it and it was effective.
They continued to have problems with stuck transactions after, and further analysis revealed that they were producing transactions with excessively padded signatures. A minor tangent is required here:
There is a design flaw in the Bitcoin protocol where its possible for a third party to take a valid transaction of yours and mutate it in a way which leaves it valid and functionally identical but with a different transaction ID. This greatly complicates writing correct wallet software, and it can be used abusively to invalidate long chains of unconfirmed transactions that depend on the non-mutant transaction (since transactions refer to each other by txid).
This issue arises from several sources, one of them being OpenSSL's willingness to accept and make sense of signatures with invalid encodings. A normal ECDSA signature encodes two large integers, the encoding isn't constant length— if there are leading zeros you are supposed to drop them.
It's easy to write software that assumes the signature will be a constant length and then leave extra leading zeros in them.
In order to eventually remove this malleability flaw we've been gradually tightening the rules that govern what transactions nodes in the network will consider valid when they relay them or mine them. In Bitcoin 0.8— after months of work chasing down software authors to get them to fix their bugs transactions with these invalid encodings were no longer relayed.
This caused some problems for a few things.. For example bc.i's iphone app— BC.i itself had been fixed long before but they couldn't update the Iphone app without fear of triggering another review by Apple. Eventually this was just worked around on the server side by mutating the transactions produced by the iphone wallets. (And is moot now, I guess!).
MtGox also had problems with occasionally producing invalid signatures. This would normally be a simple fix. E.g. here is an example where I fixed this type of issue in some python wallet code I've never used (but saw a lot of people were copying): https://github.com/jgarzik/python-bitcoinlib/commit/4c64603ab60b0fa23c51090b3112be2f163aeeac
But as I said before, in high value systems like Mtgox, even simple fixes aren't simple and it took them quite some time to deploy a fix. However, I believe that it is actually fixed now.
My current understanding and inference is that the remaining issues are because while MtGox was producing transactions of the bad form that the network won't relay anymore— some people decided to help out by 'fixing' these transactions like BC.i did for iphone users— making the signatures normal and broadcasting them. Of course, the new transactions— while functionally identical— have different TXIDs.
The difference here is that the MtGox wallet software appears to have not handled this case gracefully at all, and apparently simply wouldn't notice transactions that it "didn't make" spending its own coins.
As a result the Mtgox wallet believed some coins were available for spending which really had already been spent and it began double spending those inputs. This may have interacted particularly poorly with the earlier workaround I mentioned— trying to always use the oldest available coins— if they did implement that workaround.
Worse, some of this may have resulted in users getting paid multiple times and could have been intentionally triggered with that end in mind if someone helpfully fixed some transactions and then noticed they got paid twice. (I think this is unlikely to have caused large losses, before people run off worrying about that, both because of the reuse of the oldest inputs and because of the hot wallet/cold wallet split).
At this point they likely have an accounting mess to clean up— figuring out who did and didn't get paid now with none of the txids matching. Cleaning that up will be somewhat tricky E.g. say there were three payments of MtGox coins to 1Apple in the block chain... and three users that attempted to pay 1Apple, and MtGox's records thinks that only one went through.. etc. So software will have to be written that matches up transactions with their mutants in order to figure out what went where.
I am not personally concerned— at least not by any of the details here. MtGox's slow speed at resolving these sorts of issues and poor communications are not terribly inspiring. They seem to be horribly short staffed— but competent and trustworthy people in this space may be hard to find: The regulatory morass of that business is sure to make many steer clear.
The claims that the delays indicate insolvency strike me as just hysteria: the technical background doesn't support this conclusion, and there may be a bit of opportunism at play from people who want to manipulate the market too. Don't get me wrong: I have not seen their books: Gox may well have financial problems— though with their income its hard for me to see how— but if any problems like that exist they're not being indicated here.
Of course, none of this suggests anyone should be happy with the service MtGox has been providing, but our anger should at least be well informed.

The stars have aligned... BTC-e, Gox, and Stamps all sitting at $721... get ready for the inter-dimensional portal to open up, or the rapture maybe?

We've all been Goxxed, give us time to grieve...  and work through our issues (with Gox).

The market is just waiting for the Gox situation to become clear... then we gradually climb back up or we sink like a stone. Up is more likely in my opinion.

But we are still waiting on the outcome. Every day Gox isn't letting coins out the door is more downward pressure building up. And if the worst happened and they ended up shutting down... we would probably fall quite a bit more. Unlikely though I believe.

They said they will let us know by Monday but implied it may take longer to straighten out.

~500 coin wall just got eaten on Gox

BTC-e is steady as a rock... holding all the other markets up.

That's what's happening right now... once ppl can get coins out the price will only go up as everyone runs for the nearest exit.

Aaaaaand... Gox off a cliff  

 

No, just slow loading

Even ChartBuddy knows what time it is 

What do you mean 'up late'? It's mid-afternoon in Beijing.

Here is a discussion on Github about protocol changes:

https://github.com/bitcoin/bitcoin/pull/3656

Coinbase and Gox reps present

Gox in the 300's.... 

DIE DIE DIE!

You have to believe Gox is motivated to fix this problem soon.

.6% of $900 is much better than .6% of $375

This has probably been posted but just in case:

http://theblogchain.com/2014/02/14/breaking-mark-karpeles-posts-to-say-mtgox-is-implementing-a-solution/

They are going to shut down while they implement the 'solution'

I doubled my coins on this dip    

A lot of it was luck though rather than good trading sense...

I cancelled all my withdraws and bought back in between 400~500. Almost lost my shit when it kept going down past that. Still, a good day assuming Gox doesn't close its doors and run with our money.

Tell that to the sheep that sold at ~$300...

I was confident Gox wouldn't go much below $500... then DDoS, SR2, coins frozen on other exchanges... The FUD is difficult to anticipate.

New fiat is probably just showing up on Gox now to take advantage of the fire-sale. Should be back in a reasonable range in a few days time. Especially if there is any indication that withdrawals will resume.

Up we go.

That seems like good news. Patch today, testing tomorrow, possibly withdrawals reinstituted by Monday...

And all the time no break in trading... only change is that Bitcoin deposits are stalled for 6 hours... and who in their right mind would deposit Bitcoin now.

In other news, it seems there is currently a demonstration going on in front of Gox headquarters... probably just a few people.

I agree with you buy most would say it's an insane risk because they may be insolvent and this whole debacle has just been a ruse to buy time.

And the bot continues to dump coins... oblivious to the news 

I imagine the price will go up on Gox with the impending fix in place. By the time it is actually live there may only be a $100 difference.

Billy is dumpling like a fool

No, just whale flopping around in the dark. Just like the bot that drove up the price to a 25% disparity last week trying to get out the Coin exit... now same bot is making a run for the fiat exit at whatever cost. Must have a lot of coins, be risk averse, and be poorly informed.

Somebody with a ton of coins believes that Gox is going dark never to be seen again...

Coolest bot ever  

Is this real? What is this??

The academic mind tends to approach every problem from a point of skepticism.

This is partly due to formal training and partly due to the politics of maintaining the image of an 'academic.'

Vision and foresight to see the future coming require a completely different disposition and set of skills.

Let the academics discuss why Bitcoin is going to fail, and then watch the tide of opinion slowly turn as it becomes the reality of our shared future. History is filled with such examples.

No offense intended but you seem to have a very tenuous grasp on how Bitcoin works. Before you start making grand predictions about it's future maybe you should spend some more time educating yourself about its inner workings.

Well, I welcome Jorge to the community but I ask that if he is going to be a Bitcoin skeptic, in the academic sense, that he back it up with data and or hard facts rather than with generalizations or reductive arguments.

No, Jorge was questioning if that was the case... which we all know it isn't.

Yes, I agree with you. However, trolls like Fonzie can be easily ignored because he is a nobody and more importantly a self-professed troll.. in short, nobody takes him seriously.

The problem I see with Jorge is that he is an educated and accomplished person which lends force to his opinions. However, it seems he has not taken the time to properly inform himself about the subject which he is pontificating on. Which makes him much more of a danger than people like Fonzie. I welcome Jorge but I ask that he moderate his negative views until he has a better understanding and until he has some way to substantiate the basis for his negative claims.

But I must admit, I do like Jorge and I hope that he stays with us in the forums.

Jorge,

What is 'investing'? You seem to be focussing too much on the financial gain aspect of investing. Please understand that a lot of us here invest in Bitcoin because we see it as an important disruptive technology that will change the traditional power-balance and bring invocation on par with the creation of the internet.

In my lifetime I have seen few opportunities to be a part of such a fundamental and innovative movement, that has such great potential to do good for so many, while, at the same time offering the kind of returns that most of us here have already secured and will (most likely) continue to enjoy for the coming years.

Negativity is fine.

Like when people say "Gox is a &%$# rat hole and needs to die."

It's fine because it is objectively verifiable and based on deep engagement and understanding (sarcasm - but sadly true).

It's important to have dissension otherwise we are just in a big echo chamber which puts us at risk of confirmation bias.

The important thing is that there is understanding and verifiability to back negative findings, not just blunt skepticism.

I welcome your expertise Jorge and hope you are active in the forums. I just would appreciate some more background to contexualize your skepticism.

HUGE green candle on Gox 

They made me boatloads of (theoretical) money this week... but I still hate them.

From ~365 to ~550 in under 30 seconds!!!  

So a huge green candle on Gox, uptick on all the other exchanges, and a few unsubstantiated claims that withdrawals have resumed. Can anyone confirm withdrawals?

+1

I go away for a few hours and.... 

I was feeling really happy with myself a few days ago when I was picking up Gox BC at a $200 discount compared to other exchanges... had I known the level of insanity would reach these levels...

Having the same thought...

So talk us both out of it.

I believe it is probably likely that Gox will not open withdrawals tomorrow. And, if they do come back with a reply that is vague (likely) it will cause even more dumping driving the price lower or at least keeping it in the 200s. So if I could get money there by Tuesday morning there may still be a shot at cheap coins.

On the flip side, if withdrawal opens on Monday then (best scenario) I've tied up my money for 3-4 weeks trying to repatriate it to my account, or, (worst scenario) Gox is insolvent and I've thrown good money after bad. Decisions... decisions...

Yeah, I do

I need to stop watching the Gox chart because it is blowing... my ... fucking... mind...

It's a bot gone rogue... or an early adopter panicking... or a sociopathic madman out to even a score with Gox.

Or... what we all secretly fear... A whale with insider knowledge, determined to preserve capital and thinking fiat is a safer bet for repatriation.

Everyone was thinking this and there was actually a small proof of concept earlier today but I think a line has been crossed now... the level of irrationality boggles the mind. People will be looking to get back to fiat until things settle down.

premature

Well, this would be a great story to tell down at the pub... if anyone knew what Bitcoin was and/or cared...

Monday morning 8:20 AM... probably some new fiat hitting Gox.

The uptick is indicative of new fiat hitting Gox on Monday morning. I just sent $3,000 not 15 minutes ago and it is now sitting in my account.  

I am... did... Saving half because I think there is going to be negative news on Gox today... bring it even lower maybe.

I've been following this Gox drama closely for the last few months... I think the odds are on my side.

After the doors open the price on Gox is going to shoot up to a premium very quickly. This will drag the other exchanges up with it and when the arbitraging kicks in it will reestablish the old disparity with Gox coins being 5-10% more expensive than other exchanges.

They are French, so they have a lot of... affectations

I just transferred money this morning and it showed up in my Gox account 15 minutes later (Japan Net Bank method). I would send more but I'm already balls deep... would be a big hit if they actually did run with our money (which I don't think is going to happen but...). If withdrawals haven't been restarted in a day or two and the price is down around $200 I may send more...

Holy shit... they are watching us 

Mark... if you're watching...

Change the "affecting" back to "effecting" if withdrawals will be functioning in the next few days...

Just between us  / wink / wink

Bitcoin Jesus will save us

Yep

http://www.youtube.com/watch?v=1cexawnOlR8

... lawyers 

Yes, I was being facetious (somewhat). But having said that Andreas Antanopoulos is one of the most articulate and on-message speakers who, in a sense, acts in a similar fashion to what you suggest.

The press-release model, while important, is not necessarily the best way to get the word out. The r/Bitcoin Reddit, for instance, does more to get the Bitcoin message across than any centralized press desk could.

Everyone knows the Foundation is dysfunctional and that their current role is basically limited to code maintenance.

Blockchain.info just put this out:



I wonder if this is in any way tied to the changes that Gox implies Blockchain is implementing as part of the temporary fix to get withdrawals moving again.

Pre-anouncement buying on Gox... ~$350 now

And all the other exchanges following of course.

7:30 here... they are taking their time with this one.

This is good news... especially for people who bought the fire-sale.

Yeah, pretty muted reaction so far...

Good news I think.. no cut and run with the coins, double your money in a few days.

I agree... especially when you consider that except for on one exchange the price of Bitcoin held up like boss in the face of wave after wave of bad news and major FUD. Very bullish.

This is awesome... sat watching it for like 10 minutes.

Maybe but I imagine if they are going to allow limited withdrawals the whole thing will be automated anyway, no need for supervision.

This is what the majority of people probably believe. So, being true to form, Bitcoin will do the exact opposite...

I got one today that said, "silence gives answers"...

So... not sure what that means

Wow... just wow...  

5:25 here in Japan... and still we wait...

Unfortunately no, I'm in Kyoto

Green spike incoming...

Yep... nope...

6:45

Just pulled this off of Reddit, interesting...

Was just about to post that...

Oh, how I want to believe

Price rising again on Gox. Willy out of coins or just taking a break?

Changed to 500 wall on BTCbuilder

My guess is someone spilled coffee on the cold storage backup...

Empty Gooooooootcha!

Anyone else watching this     Huge moves all around.

Still 1,360 coins to go before 510... after that not as much resistance though

Aaaaaaand.... here we go!  

We should find out in the next hour or two. Probably get pulled again... this time 550.

Stamps wall just got eaten.

Only ~900 coins to $600 on Stamps... when ppl wake up in the states I think there may be a push.

Good volume though. Looks like a small rally.

$600 in sight

Everyone knew about it at the time. It was factored into the price months ago.

This

BOOM!!!

Somebody wants that wall down.

Remaining wall just got pulled it looks like... up we go?

It was almost a 1K wall, shortly after that another ~400BTC got pulled it seems.

Huobi and OK Coin following Stamps, BTC-e unsure...

Looks pretty tame... no momentum behind this. Someone just got sick of looking at that wall, impatient for $600+

Glad to see that wall down, looking at it was giving me the shits. Still 2K+ coins to $600 though and no one seems in a rush to get there. Probably another day or two of consolidation. Hmmmm...

Are there a lot of scams related to Bitcoins... Yes
Are Bitcoins themselves a scam... obviously not

Before you disparage a paradigm shift you need to distinguish exactly what it is that you find the problem with. Of course this is a free market and people need to be informed and educated in order to avoid the downsides. But as an 'educator' Jorge I don't feel you're looking at this objectively and I also think you do your students a disservice by casting blanket dispersions on something that has the potential to offer them quite a bit of opportunity. You remind me of talking heads back in the 90s telling everyone to stay away from that dangerous internet because it would corrupt public morality.

 

Huge wall just went up at $600 on Stamps

All the walls on Stamps have been (mostly) real over the last few days, like 80% or more

Wall to 620 just jumped to 3k BTC

Aaaaand 1,500 of it just got pulled

Willy has moved to Stamps 

China waking up and starting to follow Stamps bull run.

Just waking up in Asia... I see I've missed a bit  

There was talk of beer?  13d4YQ5yvoaGoqnf3EZ55ak6QyHPLGP4G8  (=`ｪ'=)

Bids and asks drying up on both sides... What's about to happen?

Only 2k coins to bring us up to 700 or down to 600...

The downtrend is broken and we are in a bull market... this is what it's going to be like until we smash the ATH, hit the next bubble peak and crash back down to somewhere between 1,000 and 2,000.

Historically this would be correct but I don't think there is enough infrastructure in place yet to sustain past trends. I hope I'm wrong though.

666.6 

Meanwhile the ask wall keeps stacking up. Now 7.8K coins to $700...

Seems to be only Stamps though. Other exchanges not so much.

Some big market buys on Stamps... Price unaffected

It just shows ask and bid depth and the current price. Similar to this but in 3D: http://bitcoinity.org/markets

We're about to find out if this 1,200 BTC wall is real on Stamps

Wall gone, let's rally!!!

Price on the way back up

It was the perfect storm of the market being slightly overbought, 51% attack fears due to GHash.IO fiasco, SR coin auction news, a little bit of PBOC rumblings, and some FUD about Stamps being the next Gox.

51% attack fears are a little overhyped and I'm sure will be dealt with soon enough. The SR auction only represents the number of coins that naturally come on to the market in the space of 10 days, drop in a bucket. The PBOC statement that came out was neutral but added a little bit of fuel to the fire. And the speculation about Stamps is baseless and just used to manipulate the market. That only leaves the market being slightly overbought. I think we're headed back up as long as we don't get hit by anymore as-of-yet unknown bad news.

Huge bid wall just went up on Stamps (about 1,700 coins) 

Big dumps on Stamps

Aaaand... the floodgates are open!!!

Yes. And it means that a lot of traders on Finex are either a crazy gamblers or super bullish on BTC. Or more likely both.

If the log trend doesn't hold at least we still have linear.

If past trends hold then the bubble will be much higher than $1000.

I'm surprised no one is talking about the Gox creditor meeting on the 23rd as being a possible catalyst. Especially when the fate of 200,000 Bitcoins lies in the balance...

More importantly, Gox only has about $7 mil left in cash and a lot of people will claim cash over Bitcoins. That means there could be another large liquidation down the road.

A lot of coins being removed from the ask side in the last half-hour or so.

Edit: Meh... forget that, my chart was just wigging out.

Yeah, Bitcoinity.org

Seems like I have to refresh every few minutes or it gets stuck

Is Bitcoinity.org Bitstamp chart still broken for everyone else or just me?

For a second I caught myself looking for the 'like' button

230 coin market buy on stamps  

Time to panic buy. CCMF 

Big market buy on Stamps

Rakuten coming on board:
http://www.coindesk.com/rakuten-us-subsidiary-bitcoin/

A month or two ago someone on this forum made a post saying that the next bubble phase would begin on August 17th. I made a calendar reminder which I completely forgot about (just for fun) and it just went off a few minutes ago. Who made the post? Are we starting the next bubble phase after capitulation into the 400's?

Link the post

2 minutes and 45 seconds of my life that I'll never get back

He's saying that if people feel that things couldn't be worse (capitulation) and enough people betting against BTC (shorting) suddenly find themselves getting burned when the price suddenly spikes up, these are the perfect conditions for the next big rally. Historically the previous rallies have all begun like this.

What's all this dumping on stamps?!?

Blow stamps Someone else remembers that Reddit post!

Looks like no more dumpers left... up we go 

This is probably Mark epic trolling us...

1K+ off Bitstamp just now... nom nom nom

Had to step out for a bit... What did I miss? Bearwhale manipulator dead? We can go up?

Sure got quiet here all of sudden. Thought the forum would be buzzing with all that's happened today.

30K BTC wall... we'll eat that shit right up. These other 25K to 800... no thank you!

No more walls, no more manipulation. On the way up again.

They were posted from the mid-300's, multiple times.

Get ready for the avalanche  

Ignore the man behind the curtain...

After the bearwhale takedown I don't see how any bear can feel safe putting up tiny walls or dumping into upward momentum.

This is happening people... panic buy or perish  

Market was being held down by the early adopter whalebrear trying to get out of his position. He's gone now and the spring has been wound TIGHT son...

And now we've got a whaleBULL driving up the price with his 5K+ wall on Stamps

'blowstamps' is leetspeak for BTC

Charts look good... this shit has to go up.

Disclaimer: I'm 4 beers deep (IPA 8.5%) on a beach and not looking at any charts.

Adam has inspired me.

Market Buy All the Bitcoins!!!

Nice volume on this rally 

I read yesterday they had already received 35 BTC at their donation address.

Just checked... 36.4 BTC received from 325 transactions and 31 BTC has been transferred to another address leaving 5.4 BTC

New paradigm. Legitimizing torrenting supported by BTC donations.

They can't endorse this because of their distributor agreements but it is implicitly understood that this is allowed and encouraged.

We won't see 375 again...

Here we go, go, go  

Panic buying incoming!!!

Arbitrary number momentarily achieved !!!!

Something is happening!!!

And up goes the wall...

Flawsky opened his mouth again...

They are still digesting the bitliscence news. Waiting for a reaction out of us.

What just happened 

WTF is going on with Anoncoin?

Up 855906.00 % ?!!?!

$3,502/ coin

Adam, did you have a hand in this?  

https://nostradamus.coinsfriendly.com

Spelled NostrAdamus

Everyone agrees that this is still cheap. But everyone knows that the day-traders and manipulators are still lined up to exploit this low liquidity market.

AVALANCHE!!!

China apparently 

Some hard dumping on Finex  

Finex lead the dump... there are almost 10k coins traded now on the 15 minute candle

Best... gif.... evaaaaa....

There was just a 300+ BTC market buy on Finex. Someone is bullish at least.

How exactly are they going to dump them? The address is marked as hacked Bitstamp coins. The second someone tries to move them into fiat they are going to get nailed.

Mixers don't work well and are being de-annonymized. You need to transfer to an exchange to change to altcoins and those coins can also be marked and tracked. Localbitcoins is an option but will leave a trail and requires meeting in person or bank details. Shady deals are possible but difficult to arrange and now that the whole world knows the Bitstamp coins are out there it would be quite difficult to move big blocks of them in this way without raising red flags.

I think the rise we just saw is due to the same insiders who dumped just before Bitstamp melted down on the 4th. Now they have info that Stamps will be back online today and they are buying back cheap coins that they know are going to be worth more tomorrow.

I had the exact same idea... you beat me to it 

Well, no movement in the market so I guess this was expected and the general assumption is that there is no way to easily dump these coins on an exchange, etc...

This is worth a read:

http://pastebin.com/ufNLW7xZ

Predicted Bitstamp failure 6 months ago.

Looks like 1 buy 1 sell, both 1000 each.

A sell followed 3 minutes later by a buy.

"Here to stay..."

http://www.ericsson.com/industry-transformation/wp-content/uploads/sites/6/2014/11/ict-and-the-future-of-financial-services.pdf

Finex doesn't want to join the crash party... sticking at 243

HIGH.... VOLUME.... CAPITULATION!!!!

Only one way to go now...

Finex seems to be the market leader these days with big volume.

Indeed

12 months of a bear market = Stockholm syndrome

This

It's non-news

Nice pump going on at the moment 

Someone's trying to pump some life back into this bitch 

Nuclear power plants are basically big steam engines.

Congratulations, you fail at analogy

Lighthouse is here ya'll

http://www.coindesk.com/bitcoin-powered-crowdfunding-app-lighthouse-launches-open-beta/

Reddit r/Bitcoin is a wall of awesomeness today:

Lighthouse Beta
Kim Dotcom blockchain-based internet
GAW getting investigated
Coinbase 75 Mil VC funding
Millionaire maker contest
Bitwage international payroll
Some noob just made his first Bitcoin

http://www.reddit.com/r/Bitcoin/

The New York Stock Exchange are going to be such bag holders... lol

Explain to me how Coinbase is profitable while it is now valued at 12% of the total market cap of BTC?

Without the underlying asset increasing dramatically in value, how do the NYSE investors see ROI?

I hope you and Jorge are making enough per-post to make this worth your time... If you did this as a hobby that would be pretty sad 

Ouch, sorry... looks like I struck a nerve there.

Just remember to take your blood pressure meds and antipsychotics and everything will be OK.

Some days this gig just isn't worth it I suppose.

Would you rather have 1% of $100 or 1% of $10k?

Higher price means more bandwidth means more profit.

January 15th:

"It feels so good having bought all these cheap coins at 170. Please let me know if they were yours so i can personally thank you."

"So which one of you tools sold at the bottom?"

"Well, that was the bottom. I picked up a shitload of super cheap coins. Thanks to you idiots selling at the very bottom.
Thanks for playing. "

I feel a rare weekend rally coming on...

$245 by Monday

Dude on Finex just got his $250 wall ate.

Holy shit!!!  

Sell side is pretty thin on all exchanges... should be an interesting 24hrs

Oh! And critical!  

11 AM in China... not sure who wakes up that late...

They are laughing about how many coins they picked up at $170...

5 hours ago...

$300 is going to get smashed this time 

I'm surprised there wasn't more profit taking at $300

Dumps are getting weaker, less panicky...

People got a taste of the moon the other day and are prepared to hold tight for a bit.

I think we are seeing the beginning of the next bull market

Fiat is the slow part.

Coins credited to your account after the bank transfer clears (Coinbase).

Another half-hearted rejected dump...

Every day the risk increases, the effect diminishes, and as a result dumping/ shorting is no longer a profitable strategy.

The first dump today had pretty good volume. A few weeks ago a dump like that would have taken us down a lot further and we would have stayed there. Now we just sort of drift back up slowly.

Just drifting up slowly, a dollar at a time...

This is what I like to see.

I've been thinking this for months now. I'm lookin' at you Finex...

It's ALIVE!!!

I wonder why Stamps is acting so bullish. Looks like they're leading this little rally.

Imagine that all the BTC Finex have available for swaps are made up. They use them to short the price and build up huge reserves of cash while driving down the price. At the right time, after they have used the cash they drained out of the ecosystem to buy enough artificially cheap coins, they  stop shorting and start letting the price naturally correct.... profit...

Can you explain why this is unlikely?

Bitcoin available for swaps would never leave the internal ledger books if they were lending them to themselves.

Panic dump rejected again.

What's happening?!?

News?

+1 THIS

I would say it's more volatility, lack of confidence in the tech, and lack of easy ways to move large chunks of fiat in and out of BTC without attracting attention from regulators.

Nice slow steady uptrend, bears not clogging up the forum with derision and contrived FUD, a nice piece about BTC on CNN that was fairly accurate and informative... what the hell is going on here!?!?!    

+1 Great comment! I keep wishing there was a "like" or "up vote" button in these forums...

Maybe the mythical new platform will have one?   

< 5,000 BTC to go on Bitstamp. On a side note, they have been removed from the main menu on Bitcoinity  

Support is building on the buy side and the bots are shifting coins back accordingly. No point in whales blowing their wad to take down a wall when gravity and time will do it for them. Also, their is still a dumping mentality among traders so any big moves up in the market will be met with people dumping and taking profits, possibly bringing us down to an even lower level.

In fact, this is very similar to what we saw on the way down, just in reverse. Sudden moves followed by strong support and establishment of a new normal. Resistance dissipates naturally.

Bitcoin related clickbait showing up around the net, bullish:

http://themoney.expert/investing/how-one-investor-turned-bitcoin-into-a-fortune?utm_source=ayboll&utm_campaign=366k13kWCkD

Also, 'Evolution' dark market supposedly ran off with users coins and a rumour went around that they were going to dump like 43K coins on the market. People are waiting for the final story before making a move/ buying back in.

Developments in the Evo market heist...

http://www.reddit.com/r/DarkNetMarkets/comments/2zlju6/valuable_information_on_kimble_and_verto/

Funds may be returned to account holders?

Will be interesting to see how this plays out. I also doubt all funds will be returned to the hot wallet but it is conceivable that some kind of deal could be struck and/or the admins are apprehended as a result of the doxing.

Everyone keeps shouting MOON!... I'd be happy enough with just a patch of dry land.

Is the world ready for bitcoin? ... to be ded? ... again?

Just woke up to troll central it looks like. Price spike imminent...