This should not be in breaking news but in OpEd. Shame on you NYTimes.

http://dealbook.nytimes.com/2013/12/18/bitcoin-mania-heads-into-the-endgame/

"Bitcoin enthusiasts may say the authorities are acting because they feared the growth of a currency free of the power of an oppressive state. Hardly. They saw a smuggler’s paradise – a means of exchange for illegal deals and a tool for dodging capital controls." Discuss

Indeed. Cash in general in fact.

Also art is a pretty good tool for money laundering. Maybe they should impose strict controls on that too...  

the sad thing is ... well, I'll just cut straight to the yawn...

I do hope so but the road to despair seems fairly accurate

hours.

Does that mean automatically there will be a huge 10-15% increase in price? or more?

I battle with watching something and anticipating. The opposite occurs every time.

Gonna tweet this thread as an excellent resource for anyone interested in Bitcoin. If not just for the entertaining educational value.

I spent 7 years in China.

Beijing, mostly. Say hello to Stefano at Aperitivo in SanLiTun and ask him how to rescue bitcoin.

"Dear bitcoins China (BTC China) Users: Due to reasons known Bitcoin China (BTC China) had to temporarily stop yuan recharge feature, recharge bitcoin, bitcoins RMB cash withdrawal and withdrawals are not affected, bitcoins China ( BTC China) will continue to operate. Please continue to focus on our home page, we will provide other ways to recharge as soon as possible. Inconvenience to you, we express deep regret at this. China Bitcoin (BTC China) 2013.12.18"

Courtesy Google Translate...

Despite your avatar 

Don't forget to say hello to Stefano at Aperitivo in SanLiTun if you are in Beijing. Suzie Wong's is also good, Chaoyang Park West Gate.

If you are in Shanghai stop by the Art Labor Gallery and say hello to Martin. All good people.

I can't believe I hedl on. I actually won over my less prudent self.

I think it helped to be on this forum. Hodling out for another month.

Agreed, but I still have to get last bit to 890 to make it all back :/

Let's all be good as godl

"Finally, we have all seen the highs and lows of the price of bitcoins lately. Don't be alarmed by this. Fluctuations in price have been a reflection of uncertainty in China and will recover and stabilize with time. In the U.S. the authorities have taken a much kinder stance on Bitcoin, and investors have responded by beginning to enter the market. 2014 will be the year of Bitcoin as large investment firms begin entering the Bitcoin space en masse."

- email from Cloudhashing.com just now

bitcointicker.co is down or is it just me?

wired.com also down by coincidence

TROCKETS

SUBMITTED with OP explanation:

"I type d that tyitle twice because I knew it was wrong the first time.  Still wrong.  w/e.  GF's out at a lesbian bar, BTC crashing WHY AM I HOLDING? I'LL TELL YOU WHY.  It's because I'm a bad trader and I KNOW I'M A BAD TRADER.  Yeah you good traders can spot the highs and the lows pit pat piffy wing wong wang just like that and make a millino bucks sure no problem bro.  Likewise the weak hands are like OH NO IT'S GOING DOWN I'M GONNA SELL he he he and then they're like OH GOD MY ASSHOLE when the SMART traders who KNOW WHAT THE FUCK THEY'RE DOING buy back in but you know what?  I'm not part of that group.  When the traders buy back in I'm already part of the market capital so GUESS WHO YOU'RE CHEATING day traders NOT ME~!  Those taunt threads saying "OHH YOU SHOULD HAVE SOLD" YEAH NO SHIT.  NO SHIT I SHOULD HAVE SOLD.  I SHOULD HAVE SOLD MOMENTS BEFORE EVERY SELL AND BOUGHT MOMENTS BEFORE EVERY BUY BUT YOU KNOW WHAT NOT EVERYBODY IS AS COOL AS YOU.  You only sell in a bear market if you are a good day trader or an illusioned noob.  The people inbetween hold.  In a zero-sum game such as this, traders can only take your money if you sell.

so i've had some whiskey
actually on the bottle it's spelled whisky
w/e
sue me
(but only if it's payable in BTC)"

Well taken -- tho OP's post is 1st on this EPIC thread: https://bitcointalk.org/index.php?topic=375643.0

Now Urban Dicktionary is refusing to publish HODL:
hodl

v. to resist buying or selling bitcoins.

Predominantly used among bitcoin traders, esp. during periods of volatility. Alternate meanings given are "Hold On for Dear Life" and "Hold On to Da Loot).

orig. mentioned in a bitcoin trading forum on Dec 18, 2013

No matter how crazy it gets on the bitcoin rollercoaster, I am hodling.

I don''t always buy bitcoin, but when I do, I am hodling it.

HODL!

What I'd like to know is the influence of new people learning about bitcoin every day and buying in, as a factor with how many new bitcoins are mined every day, and how those affect the price's likelihood of climbing up overall. For example, is there a viral factor to this, which is impacted by good/bad press, and by how much?

Sometimes I use "bitcoin" as a key word in a Twitter search and it seems the number of tweets per 10 seconds is going up, with more progressive questioning overtaking Business Insider-type bashing. How much influence does that have on whether the price will indeed go up over time, and by how much?

Splendid piece of fact. Looking for more...

More interested in what it means for the price. I'll come right out & ask, will the growth in adopters grow exponentially, and how will this affect price -- given the steady rate of new bitcoins mined with a cutoff at 21m?

As for good press continuing to outweigh the bad, I think this is due to the simple fact of human nature: greed, people only want to see the positive (why happy bubble gum Star Wars was so much more successful than deep thought dystopian Blade Runner for example).

Incidentally I sense an increase in adopters as a contributing factor to an increase from current hover around stamp 650...

Hopefully people reading the silkroad article and any other such news will remember the above and realize bitcoins themselves aren't bad.

I Hodl! New survey?

"small bull case scenario for Bitcoin is a 400 billion USD dollar market cap, so 40,000 USD a coin, but I believe it could be much larger. When this will happen, if it happens, I don't know, but if it happens, it will probably happen much faster than anyone imagines."

(http://www.reddit.com/r/IAmA/comments/1swnnl/i_am_cameron_winklevoss_and_i_love_me_some/)

Now who/what determines market cap, and when?

This vid on reddit...

Bitcoin to be integrated into email, browsers and cellphones? Secret meetings with Eric Schmidt?

It feels like an MLM scam put out by the illuminati.  all-around weird.

http://www.reddit.com/r/dogecoin/search?q=thomas+edison+created+bitcoin
http://pro.moneymappress.com/NVXBITCOIN49CH2/PNVXPC59/

It's an advertorial for Bitcoin instructional discs "The Bitcoin Instructional Roadmap" and "Edison's Revenge" lol

The bottom line: https://purchases.moneymappress.com/NVXBITCOIN49CH2/PNVXPC59/index.htm?pageNumber=2

Someone trying to cash in with a subscription to info digests about bitcoin. Old skool, kinda lame. I found all I need here  

So that's why I've been into the Terminator movies so much recently...

I must say, this is a good way to kill time waiting for a 4-hour export from Adobe Aftereffects.

Then I will buy moar 

+1

I am not in a country which requires me to pay taxes on BTC but I get some more $ on the 1st which I can invest again. Hopefully will be able to get 5 more coins.

"To get rich is glorious."
- Deng Xiaoping's and Chinese mantra of the 80s til today as a permitted alternative to political dissent.

Meanwhile this conflicts with the culture of pulling down anyone who rises up. Bitcoin is no exception.

This is a novel innovation, much needed. Please advise when this app is available!

Amen! You said it right.

Meanwhile I won't have any more to buy til the 9th, so hoping for at least a dip before the Big One. That rocket train to 1500.

PS - This is the most thoughtful and entertaining *and educational* thread in a long time.

Wednesday :/
But I will have 10. Maybe even 12.

I've decided to finally go long. Buying in again on Wed as $ will not be available til then. Any guess as to what it will look like by May? I agree with previous posts that the price was in correction before the Chinese actions which caused the dips. And now we are back in that correction.

Another interesting thing is how the predictions before the Nov. surge which predicted a price increase now seem bearish. The predictions of falling prices then seem inane/irrelevant. As do the articles we are still seeing which hate on bitcoin because it is a "Libertarian" effort -- which it is not. Bitcoin came first, Libertarians just see it as conveniently fitting their politics. And of course the arguments that bitcoin can be used for money laundering, crime etc. are echo chamber ignorant vapid arguments since by that rationale we should stop using cash, buying art, etc.

The rapid adoption seems promising, and is happening faster than anyone said, as usual. So yeah, I just hope that buying more on Wednesday will not be too late.

Scheide.

Learned that on a train to Trier.

The ticker tickled me to lol. Raced up to 929 then stopped aaand a red 919 pops back in. Like it was saying "Nein!"

Looks like I will have to wait til the next dive to buy, no fiat to buy more with til Wednesday when I am sure it will be at the ATH :/

O  O
  O

Bitcoin, you never cease to awe. That is all.

"And the papers want to know whose shirts you wear"

Answer: maybe one of nanobrain's:

"So we now have:
Choo-choo motherfuckers
http://www.zazzle.com/choo_choo_tees-235618740034578955

One for Goat (well, actually Mrs Goat and all the BTC widows out there)
http://www.zazzle.com/the_bitcoin_lambo-235539642423633802

One for Adam and all the FTCers
http://www.zazzle.com/feathercoin_revolution-235861535449206681

To da moon
http://www.zazzle.com/bitcoin_to_da_moon-235144014262665501
(white)

http://www.zazzle.com/bitcoin_to_da_moon-235986236387035849
(dark)

And for Macsga...cause I know he loves hodling
http://www.zazzle.com/keep_calm_and_hodl-235611152796652927
(white)

http://www.zazzle.com/keep_calm_and_hodl-235148568540981174
(dark)"

Meanwhile coinbase is down. They must be getting overloaded.

Coinbase back up. That was a near heart attack that everyone missed.

In other news, oh look, steepest dive in 24 hrs. I know this is unpopular, but I hope it goes back down to 600s by Wed. Because then, when I have some $ to buy more, it can only go up like crazy some more.

PS Time to change to poll already. How about favorite t-shirt for Major Tom?

That freakin avatar. It's 4:48 AM here. Not gonna sleep now thx

This price drop is all fine for me. I don't have any money to buy again until Wednesday and I hope it goes down even more. It will only go up again even higher. It's all about the time frame.

I am about to buy 7 bitcoin. It just seems like a lull before another price hike. Is anyone else waiting for a price drop?

Well that sort of narrows it down 

Here's your chance. I just bought

Looking at long term, I know I am going to ride this down sometimes. But will hopefully ride it all the way to the next ATH.

And I will also be there when references to the Oort Cloud are flying. See everyone there.

I am done either until June or I lose $1k. The way I figure, either I go to Vegas or buy bitcoin. But I believe I have more to gain with bitcoin than Vegas. Especially if looking at long term

Glad to be part of this piece of history!

http://www.reddit.com/r/Bitcoin/comments/1uflk4/bitcoin_to_be_as_it_has_been/

lol... aye but bricks in the wall we are not. The banner says "No More Excuses."

Rock on.

I believe the bots have a hand in the price drop.
https://bitcointalk.org/index.php?topic=403467

In trying to understand the drop, are we to believe news from China can have a greater effect than non-China-based news like Zynga? Factoring in we just passed 1m wallets and adoption growth... Now when I use "bitcoin" as a keyword in Twitter search, I've seen a real increase in the number of tweets per minute. So more people adopting should generally drive the price up. Generally.

<edit> But these are all human factors. It's the bot activity which seems to account for the deviance from logic.

Go on twitter and use bitcoin as your search term.

Ya we wait til it's sticking in the floor.

I may buy in again too. Just 1 more.

I kind of doubt any growth now that lapdog of Satan China called alibaba is marching to the communist party line.

http://www.bloomberg.com/news/2014-01-08/bitcoin-banned-by-alibaba-s-taobao-after-china-tightens-rules.html

<edit> I just realized how bitcoin could be driving a rift between east & west, at least economically. That plus the Diaoyu/Senkakku Islands thing. Even tougher to maintain status quo. Just a side note for now.

That's an awesome avatar. Is it MJ-12 from Deus Ex?

Outstanding. That game kept me sane during my first few months in China. I found it (probably pirated in all likelihood) at an electronics market in Shenyang, the Detroit of China.

Date of Bloomberg report is Jan 7, 2014 10:38 PM MT

Yet if the market is news sensitive as we perceive it to be, it could explain the current stagnation.

Stolen.

2 buys on stamp at 21:40 and 21:45 (Arizona) with a combined volume of about 400 sends the price up about $10.

I think the range of types of people is grossly limited. There are many who just want to be part of something new and exciting. Or people who have BTC and want to actively spend them on stuff they need. Not just people trying to get the edge on the market.

Meanwhile there is this

If the past is any indication (with all of the following at Stamp numbers):

1) It's been sitting at around $800 for 2 days now.

2) In the past, it sat at around $715 from Dec 27 to about Dec 31 -- and then it went up.

3) From Dec 23rd til the end of the 24th it only moved around $10, from about $630 to $640 -- and then it went up.


This all from a 30-day chart. So I'd say we have about a day or two more max before we move up with any significance -- and break out the choo choo memes -- again.

One thing I have noticed in the media storm is that there are agendas flying around everywhere.

Example: the pairing of bitcoin with Libertarianism. Infusing bitcoin with this external, incidental aspect can isolate (insulate) a lot of people from bitcoin.

Another agenda: defend the gold standard.

And another: defend the current monetary system and all those who stand to gain from a demise of bitcoin.

Basically bitcoin has pissed off a lot of people, let alone the Chinese Communist Party, political power in India, and elsewhere. Singapore is ok as long as they can tax it. Again, allegiance to fiat.

I wish people could simply see the benefits that bitcoin has to offer them and not react out of fear.

So, I take all the hating on bitcoin with a grain of salt.

Thank you!

Re-posted on reddit http://www.reddit.com/r/Bitcoin/comments/1uvain/hating_on_bitcoin/

Meanwhile... hodl advisory in effect.

http://www.zdnet.com/cn/chinas-bitcoin-exchanges-aim-to-work-around-rules-7000025010/

"Shanghai-based BTC China, for instance, has focused on stabilizing the currency by thwarting speculation, so the Chinese government will soften its grip."

Aha. I see...

Price hasn't moved all that much in the past couple days.

Things that make you go

Not enough power behind this mini surge either. I'm afraid we're going back down again quite soon

Let's just say I'd like to be wrong.

Really, really, hugely wrong.

Error
Sorry, article can't be found.

Error
Sorry, article can't be found.

Error
Sorry, article can't be found.

Error
Sorry, article can't be found.

Error
Sorry, article can't be found.

  Thanks, iPhone.

Meanwhile, these actors need support (and so does the creative team http://faction.tv

Outstanding work.

Control.

http://www.cryptonews.biz/why-is-china-dissing-bitcoin/

"... if BTC became a medium of exchange for economic transactions, the Chinese renminbi would lose market share and China would lose the power and influence to manipulate their people and their destiny."

What is this other than bots at work



... they are still buying at .011 ... maybe at least a hundred or 200 orders at the same time, all at exactly the same price...

It's a blog. An opinion. Means nothing.

Meanwhile, ooh. Look at that. Choo choo

Re-posted as good news:

"Huobi have now switched to funding using a business account where as previously account funding was being made to the CEO's personal account.
The option to fund to his personal account has been removed. This could be good news because the bank has obviously agreed this is OK.
RMB transfer to Huobi's business bank account with China Construction Bank, also registered in Shangdi, Beijing, account number 1100 1045 3000 5301 4342 (does Not support ATM deposits or third-party transfers)."

http://www.reddit.com/r/Bitcoin/comments/1v0y3m/huobi_account_funding_switched_to_a_bank_business/

We're all still considered as early adopters. So in the long run, as with price, the current volatility will lose its shock value and get replaced by an even greater shock, either complete collapse or walking on the moon (cue the song)...

Seems reddit and twitter may be biggest battlegrounds over fears/hopes.

4000 ... that song by the Police still in my head (see last post on 3999)

Really can't recommend this enough to understand the big picture with China.

Former Director of US Mint

http://www.moneynews.com/Ed-Moy/China-is-afraid-of-Bitcoin-because-of-its-real-potential-to-disrupt-its-plan-for-economic-supremacyBitcoin-by-its-very-nature-is-decentralized-/2014/01/10/id/546484

That is a sad attitude.

To beat The Chinese government's attempt to crush bitcoin -- and all it stands for -- the best thing for us to do is keep spreading the news, get more buyers and people to use it. There's still quite a ways to go.

Break dependence on China! Stand for freedom!

So we keep bouncing back.

"It ain't about how hard you can hit. It's about how hard you can get hit. An' keep comin' back!"

Factor in perceptions of rarity. It's rare that it's this low. Hence a lot will buy the further it goes down. Add into that more people jumping on the train.

I have my doubts as to how far price will drop for whatever reason, mainly since we have been drifting further from Chinese influence and more people are adopting every day also looking for cheap coins. I think this helps establish a floor higher than we might expect from FUD like the Aussie mom nonsense, China, dumb American journalists who are merely echo chambers, weekend hangovers, whatever.

 http://t.co/dEzW2882Dj could be accomplished with http://t.co/tGTZBr4YpN at http://www.vettage.com

Exciting times.

"The price of Bitcoin is likely to range between $4000-5000 by the end of 2014"
http://www.vcpost.com/articles/20752/20140113/top-10-predictions-bitcoin-2014-source.htm

Hodl please

The Chinese government can sit on a very long, rusty sharp knife.
And the party whose dick they suck on.

You need to troll harder.

Very good kids. Now let's try it with colors.

http://www.youtube.com/watch?v=bTPQKyAq-DM
This guy is a bitcoin evangelist, and he also says it's not a currency. Banque de France, quit wasting time and tell us something we don't already know.  

Very cool.

And let's not forget what it did for people in Cyprus and elsewhere because the gov't lost their hard-earned money.

I doubt this will do anything positive for the price given all the great news that's been happening with bitcoin and... well, look at it. Good news doesn't seem to have any effect.

Until when?

China can choke on itself.

http://www.youtube.com/watch?v=co0QxKRLpqY

http://blogs.wsj.com/moneybeat/2014/01/17/lawyer-for-winkelvoss-twins-bitcoin-etf-says-sec-review-going-smoothly/

When this happens...

"The central bank authority conceded that it has no regulations in place to prohibit the utilization of bitcoin."

Boom. The rest is the usual warning about volatility blah blah blah. So Indonesians, like anyone else, can still stick it to the Man. Like all of us, like always.

The Wall Observers of Bitcoin come to Bollywood.

http://www.grapheine.com/bombaytv/pub-en-71c90a4e81a570bf736a0e3d69d601f9.html

Murican here. Excuse me but isn't bitcoin here at least in part because every banking industry is shaky?

And now for your entertainment.

The Fall of Proudhon

http://www.grapheine.com/bombaytv/webdesign-en-b01792ed4e58814429d58c8a842e2f0b.html

http://www.grapheine.com/bombaytv/index.php?lang=en

I suggest we start making movies using each other's names.

Here's one I made using Goat: http://www.grapheine.com/bombaytv/pub-en-71c90a4e81a570bf736a0e3d69d601f9.html

And another using proudhon: http://www.grapheine.com/bombaytv/webdesign-en-b01792ed4e58814429d58c8a842e2f0b.html

I see no reason for hoopla. It's just going to go back down again and we will be stuck around 800 again for some more boring days.

I hate to be right in this case, but...

http://m.us.wsj.com/articles/BL-DGB-32150

All bullshit. No good news is good news. No reflection in price, cashing out, thx bye.

Charlie Shrem, Charlie Sheen...



Is there a connection?

Speaking selfishly as an investor, I would recommend the planet to buy in so we can CCMF.

That is all.

Wow. I am working on a startup hopefully releasing in Feb which one of the Winklevii just endorsed. Not the Chicago Sun-Times but a multimedia news site which will enable access to the news stories through sharing or micropayments. That was encouraging. http://www.vettage.com if I may toot my own horn.

Here we go... <ding ding> Round 2.

"A regulator, in a prophylactic way..."

The whole of the public notice on what we saw today and will see more of tmr:

SUPERINTENDENT LAWSKY ISSUES NOTICE OF INTENT TO HOLD PUBLIC
HEARING REGARDING VIRTUAL CURRENCIES ON JANUARY 28 AND 29 IN
NEW YORK CITY
 
Benjamin M. Lawsky, Superintendent of Financial Services, today issued a notice that the New
York State Department of Financial Services (NYDFS) will hold a public hearing on the
regulation of virtual currencies on January 28 and 29 in New York City.
 
In August 2013, NYDFS announced that it had launched an inquiry into the appropriate
regulatory guidelines for virtual currencies. As part of an ongoing fact-finding effort informing
that inquiry, NYDFS subsequently announced its intention to hold a public hearing on this issue,
including the potential NYDFS issuance of a ‘BitLicense’ specific to virtual currencies.
 
The hearing is open to the press and public, however, space is limited. Members of the media
and public interested in attending the hearing should RSVP no later than January 27 at 2:00
PM to Caitlin.Ferrell@dfs.ny.gov.
 
Additional details on the hearing, including witness lists and the timing of specific panels, will
be announced in the near future. The witnesses providing testimony at the hearing are expected
to include a broad cross-section of industry participants, investors, academics, and other
individuals involved in the virtual currency industry.
 
Logistical Details
 
Time: Tuesday, January 28 (Expected Start Time: 10:00 AM)
Wednesday, January 29 (Expected Start Time: 10:00 AM)
 
Location: 90 Church Street
4th Floor Board Room
New York, NY

BitLicense. That's what it's all about. And that's where we're going. Buy time.

This is the way I see it. Support for hodl policy.

Except all the increase in good news which doesn't appear to be slowing and the "bad news" was clearly pointed out as mere tools to get clicks and ad sales for news companies.

Oh and this: http://en.wikipedia.org/wiki/List_of_fallacies

Confirmation in your own head that there cannot be any more good news ≠ confirmation.

You need to troll harder.

I do not see anyone asking or needing confirmation from you. In fact, nothing you say can be confirmed. Nor is there agreement on what you consider "confirmed" and the empirical definition, hence the list of fallacies. If you can't agree that your argument is invalid because it's a fallacy then you are in quite the pickle my friend.

All you need to do is post something that makes sense and is a real solid one for the bulls, and the trolls become alarmed.

One of the ladies in the second panel said basically the same thing about not needing permission. Something along the lines of innovation will happen anyway, whether or not people choose to submit to regulation. It was when she was talking about the "safe harbor" option for innovators.

But yeah these are all major points, especially the HSBC one. This needs to be brought up. Hopefully the Overstock guy will nail it tmr.

Yes, you're right... I do remember it being said by one of the ladies though. But it was not strong enough IMO

Back to the hearings... this was the statement that basically negated the need for the hearings in the first place. We do not need permission to use bitcoin.

A quite different tone, though, was struck by Carol van Cleef, an attorney specializing in financial regulation, who urged Lawsky and his panel towards speed in establishing standards. "Time is of the essence," van Cleef exhorted. "Innovation will adapt to new regulation but it will not wait for regulation. [Bitcoin service development] will shift to other jurisdictions, taking jobs and the resulting wealth with it. The true losers will be U.S. residents."

http://finance.fortune.cnn.com/2014/01/30/bitcoin-hearings-wells-fargo/

Oh crap. A slow rally this time. Only to drop down suddenly, I predict, as people dump to cash out what little price climb has been so meticulously achieved over so long.

Sure, I hope I'm wrong, but that's all.

1 month steady decline. Next time we get to a $810 I am getting off this confused train. It is a dark time for the Republic.

Hang in there people.

Just my luck... waiting on tax return to buy in some more, still hasn't arrived yet...

Just another way of stickin it to the man. Hopefully before the panic buy starts.

FINALLY I BOUGHT AT THE RIGHT TIME.

I can't believe it. Nailed that dip at 560! I am so psyched!

I believe you mean HODL.

Vegas could never be this must fun. My approach with money to lose: Vegas, or Bitcoin?

Holy crap. For all of a few seconds, looks like.

Slow & steady.

http://www.businessinsider.com/bitcoin-developer-responds-to-mtgox-2014-2

I personally resent this kind of false reporting / misreporting / made-up information.

Business Insider has been on my black list for quite some time now for its lack of integrity and credibility on the Bitcoin lies it irresponsibly pushes out.

So, nothing other than a rebound from a ridiculously idiotic dive will drive the price up? Good news is obviously out. Please someone make a list. Name one other thing that will cause the price to go up. I dare ya. I double dare ya.

Pardon me.

Ahem.

Could anyone contribute something insightful to this?

http://finance.yahoo.com/news/lots-major-bitcoin-exchanges-under-181949995.html

I am unable to find anything in previous comments.

This story appeared 3 hours ago.

Yes, there is a full-blown war going on right now.

As to who's behind it, Russia? NSA? The Fed? Anyone who feels threatened by Bitcoin?

And your theory that bitcoin is not under attack is supported by...?

Oh, you were finished?

Well allow me to retort.

You see that? <--

That is this thing called a question mark. As in, question. As in, not a statement. As in, there is no theory but your own, that bitcoin is not under attack.

I said I was looking for someone with INSIGHT. Not IDIOCY.

Welcome to the cold world of ignore.

Don't fall for it. According to this http://finance.yahoo.com/news/lots-major-bitcoin-exchanges-under-181949995.html things will get better after a few days.

Well said.

Note to any journalists reading this thread: please help stop spreading irresponsibly inaccurate reporting! Thanks!

Your sources are invalid.

“Antonopolous predicts things will be operating normally in between one and three days.”
- http://finance.yahoo.com/news/lots-major-bitcoin-exchanges-under-181949995.html

Actually looks more like China, according to this pretty insightful site. http://www.digitalattackmap.com/#anim=1&color=0&country=ALL&time=16112&view=map

Thanks to KFR for this bit of light in the night.

SOURCE PLS

I wonder if the banning is practically possible. I mean, what else online is banned besides child porn and such heinous things? Putting a neutral technical innovation in the same category as that is clearly ignorant. And now for some deconstruction of irresponsible reporting.

First up: The Wall Street Urinal. http://blogs.wsj.com/moneybeat/2014/02/11/j-p-morgan-weighs-in-on-bitcoin/

"There are also thorny issues of no legal recourse to getting your bitcoin back in event of a theft as well as the limited supply of bitcoin."

Uh, excuse me, but there IS a way to protect against this. http://www.bbc.co.uk/news/technology-25680016

“At the risk of sounding like a luddite unable to recognize the transformative effects of evolving technologies ..."

Just stop right there then. Because you've just disqualified yourself from being an educated source on Bitcoin.

I could go on... so much FUD, so little time.

Thanks for that. I just tweeted that sucker. And for $5 worth of bitcoin you too can get someone on fiverr.com to tweet to their 500,000 followers. Shit works.

Lasky: “Let’s be frank, a lot more money has been laundered through large banks than has been laundered through virtual currency.”

You know, if every exchange switched to mBTC as the default, I wonder if this would psychologically encourage the price to rise. Hm.

So the only catalyst for a price rise is a bounce from a panic sell? Those are getting lower every time.

https://vimeo.com/86637930

Blood in the streets. That is all.

Just saw this near my house. Blood in the street. Coincidence? Omen? Statistic probability?

Wow, perfect lol

Meanwhile some people are doing this http://www.reddit.com/r/Bitcoin/comments/1xu0ot/coinbase_launches_bithack_an_online_bitcoin/

If you *are* into the whole brevity thing.

Just got a message from Elance... everyone seems to be in meltdown mode.

"We are sorry.

Some of our customers continue to experience intermittent delays in receiving Workroom messages to their email accounts. We realize these delays can make it difficult for you and your freelancer to easily communicate. We take this issue very seriously and are doing everything we can to permanently fix this..."

But people don't panic in response.

I think that maybe we have all begun to unrealistically expect too much from technology in general. It still has a long way to go.

I nominate this clown as FUD King of the Year. Former Fed examiner, so not surprised. This a$$hat spews so much FUD on Business Insider it makes Fonzie look like an Ivy League bull.

It's both

I want facts, not truth. If you want truth, there's always philosophy and whiskey.

This Fed lackey's opinion pieces don't even compare.

Why is this upswing on Stamp necessarily not a result of the re opening of transfers?

No more CCMF. From me you'll only hear YKYMF. Yippee Kai-yay motherfuckers. Because Bitcoin is Die Hard.

Because Die Hard.

John McClane is Bitcoin, and Bitcoin is John McClane.

I do not associate Chuck Norris with Die Hard, which Bitcoin has in common with Detective John McClane.

Chuck Norris I associate with invincibility, an inability to bleed and just general decimation of all enemies.

That was not Chuck Norris. Those were characters he was pretending to be.

John McClane, on the other hand, is a more fitting mascot for Bitcoin.

I can think of several Bitcoin price charts where the titles, "Die Hard," "Die Harder," Die Hard with a Vengeance," "Live Free or Die Hard" etc would apply fittingly.

Top is today, bottom is 6 months.



Comments?

bitcointicker.co, "Grab" on my Mac and brain chemistry that triggered when something looked familiar. And Photoshop to put them together into one image.

The varying onomatopoeia for animal noises across cultures is very interesting - for example while dogs in English go 'woof', in Korean (IRC) they go 'bow wow'.  The noise for pigs varies quite dramatically too.
[/quote]

Great. I come here for some insight and the discussion is on animal noises.

Great. I come here for some insight and the discussion is on animal noises.
[/quote]

The never ending photos of bears and trains and rockets is more to your liking?

[/quote]

Just the rockets.

.30! Gox is done!

Has anyone seen the movie "The Losers"?

41 minutes in, it really looks like Chris Evans is talking about cold storage.

"Okay, hard drive?"

"Yeah."

"...And, uploading the algorithm... and... Holy shit, girlfriend was right, it's a courier drive."

"A what?"

"Twenty-first century bag man. Russian mob banks pioneered. It's like an electronic bearer bond."

"Wait, wait, say that again, but like, a lot slower and dumber, please."

"Okay. Pretend you are super-evil, and you want to move a ton of your ill-gotten blood-money, but you can't, because it can be tracked. So you, uh, load your cash onto this bad boy, and you can physically move it anywhere you want to go... courier drives can only load and unload on their own systems..."

This movie came out in 2010.

I will say it now, i am the worst investor ever, and I chose to buy bitcoin with fiat. So save yourselves.

The price will go down, and down, in a slow, painful trend, playing with emotions and destroying hope in the process.

This is based on nothing but my own sense, and posting this goes against my own instincts, which is why I am posting it.

That is all.

Will the price ever be $1k again on Stamp?

How long will that take? Wondering if it will be worth the wait. Why and when, or why not?

Maybe this should be a poll question...

Yup this would make a nice poll question 

I have to admit, I do play devil's advocate pretty hard sometimes. It all looks good. Sometimes I just require a bit of bouncing ideas off the Wall Observers. Vast majority believes it will trade at 10k one day (poll at top of this page). And I can wait til the summer. Will buy a little more with tax returns (just on principle, a way of sticking it to the Man) and a little more next month if it goes even further down.


You need to get some help. Unless you are planning on helping anyone considering suicide, this is a serious problem. I've talked more than one person out of it and it is not fun or easy, let alone entertaining. But the reward is pretty damn good for your karma bank account.

Yes. A tad frustrating unless you are in it for not so much and for the long haul. On the other hand it can save your ass, like preventing you from selling until after the 4 days, and then you see the price has gone up even more.

Reputable, reliable, professional.

Well, it's happening.

Now at a 3-month all time low. Significant.

To all fellow hodlers, yes, we're good, but this... is getting... ridiculous...

Walls will be breached. Brace yourselves.

And all it took was the nebulousness of an update to an update to spark this return to a surge in stomach acid.

A return to normalcy.



Where is it?

And I'm going to hodl til summer. That's fair enough.

From now til next hour or 2 would be the time to buy on Stamp. Because of what is causing it to dive, it will not get much lower once Gox hits zero.

Buy now on Stamp. Because this is as good as it's gonna get, and it won't get that good again.

Since that reply it's started going up again already. But maybe one more drop, when Gox hits zero. And then it's time for that Chesterfield.

This thread IS the backup site.

Ain't so bad.

Got visuals?

Confirmed.

Here's a link about a US Army study on dog ESP, because dog ESP can help us predict ups and downs in Bitcoin price.

https://www.muckrock.com/foi/united-states-of-america-10/1952-dog-esp-report-6084/#1020883-foia-2013-115-documents

Dinner is served.

If we haven't seen over $1k coins by June 1 it will be a pretty big disappointment. Bear market due to FUD is one thing, due to Gox is another. Good news does not seem to affect the price in any positive way, and the NeoBee news is no exception.

Fuck yeah.

HODL CHECK



WHO ELSE

+!

Thank you Jojo

We are not leaving a party.

We are on our way to one.

You spoke too soon. Now it will be even lower. In fact, it will keep going down in like tortuous manner for weeks until the party's over. And only then will it start again.

This reminds me of still wanting to go to the next party at 6:27 AM when everyone else has had enough.

Go to sleep and wait a few days until summer until everyone's going out again.

They are sleeping on their own train.

http://www.chinasmack.com/2014/pictures/sleeping-chinese-passengers-on-spring-festival-train-l199.html

We will.

The past 2 months are prologue. Just wondering what else besides China, FUD from the banksters, and Gox is in the pipeline ahead.

All this blood loss is quite for me

http://designyoutrust.com/2013/12/upside-down-fashion-models-by-lepinch/

Please anyone clarify some realistic factors that would send us to $5k coins. Because I don't see Max K's point.

We are on no mission to Mars. We are just sitting at ~500.

This is what I like to see. For the record, as we break out...



This is just the beginning of space, we haven't even gotten to outer space yet.

Just stare at this for a while. You'll feel better. Note the 24-hr timeline, and the news that happened 24 hrs ago.

Keeps the FUD in perspective with a little reality.

They still want in, just not through a gate of hell like Gox. Sort of like seeing some glittering oasis obstructed by fire breathing hellhounds on one side and on the other side, there are lovesick supermodels. So it's a lot more practical to get into the oasis by way of the lovesick supermodels.

Not so hard to understand.

Silk Road effect.

http://finance.yahoo.com/blogs/breakout/rational-exuberance--bitcoin-soars-as-feds-close-in-on-mt--gox-182310577.html

Just saw that. Not surprised. Was wondering when the usual US Congress stupidity would crop up as it has with so many other issues in the past.

+1

Let's just go offshore. Fine with me, no regulation or taxes

Did you buy 1 bitcoin yet? That would make for some excitement

Looking at the buy pressure, feeling a lot like Sam Rockwell's character in "Galaxy Quest"

--"Um, there's a... red thingy... moving kinda fast towards the...green thingy"

Yep, I am a newbie when it comes to TA. But I am learning from this thread.

Well, I guess I could try to handle it...

Yes sir, I did volunteer, and for a bigger gap than jury duty. Not necessarily one that I'd want to go back to, with any sanity anyway.

But kudos to you for a methodical and thorough approach.

Well, what I did was basically volunteer to be a potential murder victim, that would have itself been legalized, as far as war is concerned. But what little sanity I can claim prevents me from doing it twice.

U.S. firms are bullish in spite of all the FUD. Rock n roll.
http://online.wsj.com/news/articles/SB10001424052702304071004579407562692516576

Also bitcoin superhero Fred Wilson as well as fellow Union Square Ventures partner Brad Burnham wrote to Senator Manchin.
http://t.co/3Upgi13uDy
http://t.co/jXC5FrjgxV

And we are still at ~580 because... ?

By MICHAEL J. CASEY and ROBIN SIDEL CONNECT
Updated Feb. 26, 2014 11:27 p.m. ET
Barry Silbert, CEO of SecondMarket, says a bitcoin exchange the firm is setting up 'looks nothing like' Mt. Gox. DPA/Zuma Press
U.S. firms are pushing ahead with plans to open bitcoin exchanges catering to professional traders, after the closing of a Tokyo-based exchange sent shock waves through the virtual-currency world.

Perseus Telecom, a provider of high-speed telecommunications lines for securities exchanges and trading firms, is joining forces with bitcoin-trading platform Atlas ATS and Strevus Inc., which produces compliance-management tools for financial institutions and other firms, to build one or more U.S.-based digital-currency exchanges in the U.S. and elsewhere.

The push is being driven by strong demand for bitcoin-trading capabilities from Perseus's clients in the high-frequency trading industry, said Perseus Chief Executive Jock Percy.

The firm has created a separate digital-currency unit and already has received $2 million in revenue commitments, the company said. High-frequency trading firms use computers to dart in and out of markets within milliseconds to profit from minuscule pricing advantages.

The travails at bitcoin exchange Mt. Gox have cast a pall over the virtual currency. Michael Casey argues this is not a death knell for virtual currencies. Photo: AP.

More
Bitcoin's Mt. Gox: At Look at the Man in Charge
Japanese Regulators Take Closer Look at Bitcoin
The meltdown of the Mt. Gox exchange shows that "we have to put in place the right level of institutional controls and mechanisms that we're used to in the world of banking," Mr. Percy said. "That way we can build trust. [A currency] has to have trust."

The sudden closing of Mt. Gox, which once claimed to account for 80% of bitcoin trading volume, underscored the technological and regulatory risks of the five-year-old digital currency. After freezing customer withdrawals on Feb. 6 and suffering a hacking attack, Mt. Gox said it was working on a fix to restore operations. It appeared to shut down completely Tuesday when its website went dark and investors were left with little recourse to retrieve their frozen funds.

Bitcoin is a virtual, computer-driven currency that is created, or "mined," using complex mathematical algorithms. Some merchants accept bitcoins as payment for goods and services. Users also can trade the currency on exchanges or among themselves. But it isn't regulated and isn't backed by a central bank, so when problems arise there is no one to intervene.

Prices of bitcoin have soared in the past year, attracting interest from some professional traders looking to participate in the market. But the troubles of Mt. Gox have underscored the need for more oversight.

The move by Perseus comes after SecondMarket Inc., a platform for trading shares of private companies, said it is putting together an exchange in collaboration with a number of global banks and bitcoin companies. SecondMarket CEO Barry Silbert said in an interview that the model "looks nothing like" Mt. Gox. Instead, he said, it will be "more like a traditional exchange…like the New York Stock Exchange, where you have regulated investors who form the spokes of a hub" with central clearing and settlement of trades and a self-regulatory body.

The U.S. firms trying to roll out new exchanges argue that by bringing in both the Wall Street establishment and regulators, they can offer customers greater confidence in the security of their money.

Mr. Percy said many high-speed firms have expressed interest in trading bitcoin, which appeals to this sector because of its low transaction costs. Meantime, Mr. Silbert said his firm continued to be approached by banks and other financial institutions despite the continuing turmoil at Mt. Gox this past month.

But Citigroup foreign-exchange strategist Steven Englander, who was initially inspired by interest from Wall Street clients to write a series of research reports on bitcoin late last year, said interest has since waned now that a string of crises has halved the bitcoin price to less than $600 from more than $1,000 in December.

"I would say it is still on the outer fringes of the radar screen," said Mr. Englander, who also argued that more-regulated, institutional bitcoin trading could drive away the more libertarian-minded investors who were drawn to bitcoin's anonymity and exclusion from government intervention.

Regulation could be a controversial part of this process. Most U.S. states require such exchanges to get money-transmitter licenses. The exchanges hope to avoid that. SecondMarket already has a broker-dealer license, which would cover currency trading. Atlas ATS hopes to partner with firms that already have broker-dealer licenses.

It isn't clear how federal regulators will respond to those plans. State banking regulators have been scrutinizing bitcoin companies for months.

"This is by no means a death knell for bitcoin or virtual currencies, but it underscores the potential benefits of regulation," Benjamin Lawsky, superintendent of the New York Department of Financial Services, said of the Mt. Gox shutdown in an interview Tuesday. Mr. Lawsky's office is considering potential new regulations for virtual-currency companies and held two days of public hearings about the issue last month.

Write to Michael J. Casey at michael.j.casey@wsj.com and Robin Sidel at robin.sidel@wsj.com

http://mashable.com/2014/02/27/new-fed-chair-we-dont-have-authority-on-bitcoin/

"If Bitcoin does not flourish in the United States, it will flourish elsewhere, and the United States will cede leadership to the countries with the more foresighted approach to innovation and economic progress."

Movement

This. Is. Awesome.

Ukrainian protestor, 2014

That's no moon, I think you're right...

Er... lol.

685 690 



now

I think what we are seeing is the result of massive buildup over the anomalous repeated FUD over such a long period, plus the recent UK decision not to tax bitcoin. Lots of wealth in the UK. Lots.

[All] Yay!
[Random guy in background, too late] That is good!

I can't wait to see this turn out like the HUVr Board.

As not a single fuck was given by the market, let's move on already...

The real story here is media irresponsibility. Nothing new since we've all seen the very same irresponsibility in the form of FUD and sensationalism.

MOVING ON

Monday. Wait until Monday.

666 is considered an extremely lucky number in China. Just to get some perspective.

http://techcrunch.com/2014/03/08/googles-jared-cohen-its-obvious-bitcoin-like-currencies-are-inevitable/

Google now jumping in. Already seeing a rise but not sure if Cohen's statement is why.

But maybe.

You must be joking, unless you mean we will go right the f*ck back down as is now happening...

*YAWN*

Of course. This Is BITCOIN!! <kicks logic down the pit of no return>

I would like to explain the effects of good news vs bad news on the price of bitcoin (how it may convince people to buy or sell or hold):

I will refer to Joseph T. Klapper, who in 1960 wrote of the limited effects model of the media: the media do not have predictable effects.  The effects of the media are small and unpredictable. The reception of a message depends on the source (credibility) and topic (preexisting opinion) of a message. The role of the media is to reinforce existing opinions. Confirmation bias. The media are more likely to reinforce opinions than to change them. Political campaigns and ad campaigns will typically find their way to those who are already among the converted.

Think about this carefully when interpreting the effects of news, good or bad.

It's also important to note that although belief in the limited effects theory later declined, to a perspective that the media did have a strong effect, but more nuanced and subtle and difficult to gauge, the general rules about the effects of media on the public still hold true. We consider ourselves opinion leaders, and this being a bull forum, might influence our decisions more than we might care to admit.

“The effort to state an absolute fact is simply an attempt to achieve what is humanly impossible.”  “All I can do is give you my interpretation of the facts.” - Ivy Lee

Sure. I probably should have mentioned the role of the id as well though. We are irrational creatures, and are affected more by emotion than rational information, regardless of what we'd like to believe.

This irrationality is also the main reason, if I can use that word, why I am HODLING.

Holy crap. Has anyone seen "Atlas Shrugged?" Rearden Metal = Bitcoin

Rearden refused to sell out to gov't buyout offer, subjected to media smear campaign/FUD...

Well said, and I hope you're right.

Thanks for this much more reliable point backed up solidly.

Aminorex, you've proven reliable and consistent.

It's all too dangerous to speculate on something with no clear evidence... wait...

My sentiments regarding this downtrend.

https://www.youtube.com/watch?v=kNC2DUxJENY

That is all, your honor.

For the same reason Havelock Investments for bitcoin ventures don't.

"Due to current US Securities regulations, Full power asia investment does not currently accept investment from the US. Should a investor be determined as a US resident we reserve the right to issue a buyback/refund on resident's investment"

- direct quote from email.

See my post above. It's not the US that is directly blocking wires, it's "Due to current US Securities regulations" which also scare away bitcoin ventures from accepting US investment so they can't be held liable.

This is the first direct evidence I've seen that US regulation hurts bitcoin.

Just yesterday.

About 3 weeks ago. Lots of reasons to move these days. But I'm not a fan of cold weather.

This is just freaky.

Critical mass of FUD. Critical mass of weekend awareness levels. Critical mass of fear.

All that and more intersecting, as the clock runs out on Chinese reactions and volume.

Freaky, dark world it is now for bitcoin hodlers like myself. Slow, murky, foreboding descent.

https://www.youtube.com/watch?v=gvKBHCBBdf0


Can we get a confirmation? I'm gonna count to 10...

Meditate upon the Falling Bear. He has been put to sleep and is falling. https://bitcointalk.org/index.php?topic=178336.msg5979811#msg5979811

Yes. Tired of all the hasty abuse of train images. People do that each time there's a small jump, ignorant that each time they're making noise it's for a much lower price than the last time they made noise.

And no sooner does someone yell "CCMF" than the price begins to dive again, deeper than the previous low.

Kids these days.  

What is "huge?" How do you define, "huge?"

Looking for numerical definition, price range, of this "confirmation."

In China, I'd say bearish, given the Communist Party's desire to control/quash anything that might have a chance to perhaps come close to potentially pose even the slightest hint of opposition to their control over the people.

In other words, if a student replies that the risk is high and bitcoin should be avoided, this will contribute to a passing grade and acceptance to their university of choice.

If anything, it's a gauging tool for a government curious about bitcoin's popularity.

So. The price right now is 443. And falling. I hate to be the one to say "I told you so," but... why this should surprise anyone at this point is beyond me.

So to all you ferroequinologists, aka CCMFers, just please, STFU. So you don't continue to look like fools.

Congrats, well done, you've done a great job identifying yourselves as fools.

Welcome to the wonderful land of ignore.

I might have to go back a few pages, but someone said something very wise which I will also reiterate: there are only 2 times that the price of bitcoin really means anything to me: the price when I buy, and the price when I sell. Otherwise it means exactly zilch.

Wait a sec -- Mad Scientist and Igorr on the same page.

I am learning quite a lot by looking at the posts leading up the huge rally last year in November.

Starting from here: https://bitcointalk.org/index.php?topic=178336.44000

Favorite quote is by epic bear Proudhon: "It'll be interesting to watch what happens now.  In the past, it hasn't taken long for the ask depth to fill back in.  Maybe people are taking their coins out of gox.  Who knows.  It's also going to be interesting to see if/how tomorrow's senate hearing influences the market."

And this...

Bitcoin will have its day in Congress.

That statement is nearly as awesome as the avatar. Best film ever.

Haha

Yes. There's also no way all these presidents were alive and hanging out together. It is a painting, after all... you can't get too literal because it's clearly not meant as such.

It was at 417 just on April 3. This will pass.

Broken. Bitcoin is being drowned, like an Aldous Huxley fear, in a sea of irrelevance.

Where are the bitcoin precogs? We are all waiting for balloons.

Best strategy. Same as hodling but without the drawn-out drama.

http://blogs.wsj.com/moneybeat/2014/04/08/bitcoin-believers-say-its-poised-for-rebound-once-dust-settles/

"He said that whereas there was $100 million invested in all of 2013 into “the bitcoin ecosystem,” there was $50 million invested in the first quarter of 2014 alone. He predicts that the year will see $500 million in the sector for the year as a whole."

Is this where you're getting the $5000 figure?

Will see where it's at April 15. We will see.  I had to sell some to protect viability of surviving through the summer. I will only buy again under 200.

Would be quite the signal if the entire Bitcoin community bought back in at...

I am going to buy back in at 300 on the 15th.

What if there was a coordinated effort to mess with China? What would it take? Every one agreeing when to buy and when to sell, at exactly the same time?

Someone exposed lobbyists working for Mastercard as being responsible for FUD

http://www.forbes.com/sites/perianneboring/2014/05/09/secs-investor-warning-on-bitcoin-could-stifle-innovation/

Resisting the Jack Burton urge to go "What the hell," Egg Shen says after reading the oracle bones: goat butts against hedge, and its horns become entangled. We have to gather our strength because now there’s clouds and thunder. The image of difficulty at the beginning. But we shall bring order out of chaos.

I happened to be watching "Big Trouble in Little China" and it seemed to make sense.

Ok so I started a sort of SaaS that promotes the use of Bitcoin AND freedom of the press. http://www.vettage.com/vettage

Give it a whirl, and maybe we'll see positive impact (not just on the price of Bitcoin)

Longtime lurker here, but back since the new revival.

Been reading about Chinese manipulation and then about Jihan Wu. And then I found this.



I'm not sure what is really going on but it feels like I walked into a party, then some drunk guy started a fight which we hope to ignore until it goes away.

Can anyone shed light on what is going on or should we just move along?

Still holding onto some 15 or so that showed positive performance (none of the ones you  mentioned) in the midst of destruction, I guess everything else was weeds. Gonna get some sleep finally.