Probably will spook the market... but should it?  as I recall banks ,bankers, CEO's , fund managers etc are always getting pinched , or not as the case maybe i.e HSBC laundering money for international drug cartels, and for terror networks... and people actually do not seem to care less....   I think if people put it into context they should not freak...

but then what people should do and what people actually do, are two different things of course.
 

Or is the message, Bitcoin away to your hearts content, but launder money or evade taxes and we are coming for you.... they had their warrant since Feb 13 pre the Nov hearings, so seems to me, this is all great news for the guberment, as they now know with confidence that they can trace payments through the blockchain,  and catch out the people laundering money for example.. then again it all depends on what evidence they really have at this point, or if these are trumped up charges... if they are trumped up charges, then yeah, get outta dodge could be their message... will have to wait and see what they have got.

Either way Hodl regardless is my thinking.

 

by bad... do you mean good?  I guess it all depends on your outlook.

Ahhh... now you see that is what I thought, but then I thought he might have meant that it is good, because it is bad, which is bad, but bad is good, so therfore this bad is a good bad, not a bad bad.... there are known bads, and there are unknown bads.... that is to say there are bads that we know that we do not know, but there are also unknown bads , that is to say bads that we .... ah shit.  This is bad.

and by that I of course mean... this is GOOD.. again all depends on your point of view...

Do you mean crashing down to say $100 ? or $10 ? $250 $500  or do you mean "crash" to  $700 - $600

Or do you mean the big one? ground zero? tsunami, Godzilla on the rampage climbing up the Keiser towers?

Just trying to gauge what you define as a crash...just so I am on the same page... because I am poised, should I be ready to run to the end of the garden, in this rain,  go into the garage, get the shovel, start digging for my secret stash box where I keep my key for the lock on the other secret stash box which is buried in my neighbours garden 100 miles away, buried in a box underneath their dead dog that I helped kill, I mean bury, and go all the way over there, sneak into their garden, unearth poor decaying Fido, dig even deeper get my secret password for my paper wallet , and then trapse all the way to get my paper wallet which is currently stored in a vault in a swiss bank? so I should drive like a maniac to the airport and get my ass to the land of neutrality and cheese all to get my hands on my encrypted paper wallet, all so I can sell? is that what I should be doing right now? because......I really really cannot be bothered I just had my dinner, have run a bath...about to have a beer, kick back and listen to some tunes...  but you know if this is really bad I best get my gear on and get out in that garden with that shovel. "Gunna have to dig some holes"

Like Hammond? or like Senna ?

We can but hope...   maybe I gunna have to dig some more holes  (for some new paper wallets...)

You mean cannot?

Eitherway good!  let people panic... it is natural, fear and greed are the fuel of all speculative markets... plus you know the saying of course....when others are fearful it is time to buy..... as long as you believe in the fundamentals, have done your risk analysis, know what you are doing... then this could be a moment of opportunity... always got to be careful trying to catch a falling knife though... timing is everything.... that and luck, which is always tricky when there is a knife involved.
 

: ) good one

just a thought, but with the case we are discussing in mind... I am guessing it is saying things like "bought off silk road once" on a public forum is what gets people in to hot water.. you can use a throw away cash bought lap top, piggyback on a randoms wifi, use a virtual OS and run TOR on it, and do a blind drop blah blah blah and then at the end of it all, go and tell everyone that you have done it on the internet...
I am not saying this directly to you.. but it just highlights the issue with being annon on the internet... you are only as annon as you are careful...   (or as you need to be I guess...)

just a thought.

It is all the long term hodl BC'rs need to go and get their shovels and dig up their paper wallets from their stash 'oles before they can sell... takes a
long time to dig down 6 ft..  

Oh yeah..ermm I did not inhale either  ; )

I do not know.. I love Bitcoin, but at this point I have been looking at charts for too long... and right around now I would really like Bitcoin to receive a swift sharp kick to its bollocks..nothing serious, you know, just knock the wind out of it for a day or two, before it gets up all mad in time to kick Februarys face in, just in time for it to go much ape and show the world who the new playya around town is around June time...

We can all dream..

I agree, ambitious for sure...but....

if you take a look at the longterm chart, and see what Bitcoin has done to date.  It has gone from from one all time high to another every 7ish months or so...there is a peak at new ATH, followed by a dip/crash and then 7ish months later it hits a new ATH, which is many times the previous ATH, followed by another dip... of course past behaviour is not the best indicator for future behaviour, but it is an indicator all the same. If the network effect keeps up and the adoption rate keeps growing exponentially as they have done up until this point, then $7000 is in June-ish would make a lot of sense, from a historical point of view, it would not look out of place in any way on the all time chart if the trend from 09 continues forward.  

 If things like todays news do not derail the adoption, and investment/adoption from the fund managers and "wall street" et al then I can see history repeating itself another cycle, every year since 2009 it has surprised people... volatile for sure but still hitting those exponentially higher ATH's almost like clockwork every sevenish months later than the last one...we had our last ATH Dec 13, so guess we will have to wait and see...  I cannot see Bitcoin being at saturation at this point, nowhere near.





 

Its´goin to 80000000$ by the way after we´re back above the normal 1000$ It´s a sure bet. Just buy and hodl u can´t lose in this game. Every price is a good price, id doesn´t matter if you pay 800$ or 200$. Just buy and hodl. Sure thing.


[/quote]

Yeah those graphs are not new to me.... however in my opinion Bitcoin is in its infancy and we have not yet even hit the knee of the curve to even begin the climb up the real "wall" - i.e the steep incline of an adoption growth rate s curve, we are just nearing launch in my opinion, so I cannot see how the price can be in a bubble at this point... I do not think we have seen anything yet.

Just my point of view.

Laymans terms- This shizz just got real! ; )

Every now and then this guy sounds like Mayor Quimby... Is that a Rhode Island twang that creeps in everynow and then? (sorry I know this is not an important question)

So far that is all I am hearing too... hopefully it carries on like this....

This is all good so far... I am tempted to lose my shit right about now

I am hoping we do not end up with pro news first... followed by bucket fulls of poop... right about......now?

I am hiding behind the sofa right now...

How would it be less lame-o do you think?

+ 1000 GO WILSON!!!!

yeah good luck with getting that agreed on by the majority of peeps running Bitcoin client... the US is one thing... but around the world? how would that work?

My ass, the argument is weak...

 

perhaps... that is not exactly going to be his choice... nor the chairs at the end of the day... but my comment is regarding his overall performance.. he is a good voice , I like the way he is carrying himself in this hearing so far.

Just my opinion though.

= Addressing these issues and moving past them = goooood...

We are years ahead of schedule here in my opinion... two years ago... I saw this stuff happening in about 5 years time...(edit ie 2017 )this is all AMAZING!
Bitcoin and crypto is carving its place in society right infront of our eyes.

But I thought it was the end of Bitcoin yesterday?

End of Bitcoin divided by Bitcoin to the moon = $800 ish ?  

If you would'nt mind taking your seats...

they're heeeeeere.....

http://www.totalwebcasting.com/view/?id=nysdfs

It is for today at least... so far anyway...things change quickly though in Crypto world huh?

 

Yikes... its Annie Wilkes

err ? You mean you think it has odds of one in four thousand six hundred? or do you mean 1 btc should be worth 4,615?

  

: )

systemic threat guy is a tard

you mean the old failed thing?

Paraphrase "The notion of having a limit on the amount of coins has interesting perhaps problematic implications"... Yeah for one you cannot just decide to print 85 Billion of them each month.

Charles Lee just bombed hard "and stuff"  wtf

Congratulations : )

starting to think you may be a pickle.

You are right... say what you want but the guy is a pro troll - makes me smile with his "newses"

Already I see something quite worrying... the current speaker from law enforcement panel, speaks the same language as the "chair" they are used to speaking to each other in the manner they are doing, using the same readily understood
language and concepts that the legal and regulatory system both understand, yesterday the chair seemed to have trouble accepting some of the concepts and language of crypto currency.. this could mean that the message today is received loud and clear, whilst yesterdays message not so.

Hopfully it will even out a little, will have to see how the Q&A goes...

Which is one of the reasons that law enforcement and guberment have been totally ineffective in reducing the drug "problem"/ trade...
been nothing but chasing shadows for decades and burning money.... whilst the cartels have far more money to burn and are always 3 steps ahead...
these guys are not really the sharpest tools in the box...   that being said it would not surprise me at all if 50% of the cocaine available on Silk Road, went through the hands of an employee of one of departments of the US guberment somewhere along the line in some fashion... before it even got to silk road and no doubt for whatever role they played in doing so, bet they got paid in cash.

Ayeeeeee - Wrongamundo

Waterboarding  

That seems to be their concern due to "systemic risk"   but really they do not seem to have grasped it yet... control the miners, what all of them, everywhere?
even if the answer is "no here in the US" then the answer would be "great I am off to (insert name of country with less or zero mining regulation here)

They are looking at the situaiton and thinking, hang on a minute... we and our chums on wall street are the only ones allowed to create money "out of thin air"

Good to see that Fred Ehrsam has gone from the darkside to the side of light! (or has he? mwha mwhaha mwhahahaha)

I just want the next guy to say " were do I see this going in a years time?...... Chooo choooo""

Sorry Proudhon, can you please confirm that you have confirmed the above is 100% confirmed?

thanks bro.

Really ? ffs academics ... who do they think they are? the least informed panelists so far in my opinion....

yeah un-fucking-believable..

derivatives? say wha?

and what was that? a coat of regulatory disclipline ? trust?  Jesus are we even talking about the same planet here?

Funny how I was expecting more of a hatchet job from the law enforcement guys, than the academia economist crowd...

Those two guys pretty much swallowed the feds handbook and both were intentionally missing key points or are both pretty high on the autistic spectrum especially
Mr Bean on the left- my guess is they do not like change.



 

You must have been watching a different hearing..the worst of it was the economic hitman, and they are probably all sad because it was Bennies last meeting today: (   Much sad, much print, no taper though... and soon the lady will continue his work... from these hearings I am expecting nothing too enlightened but I do not see them coming down hard, they will focus on the "entry and exit ramps" exchanges etc, and I suspect it will not be too bothersome, and infact will act as an impetus to Bitcoins growth and adoption and the rate at which wally street will get on board... Bitlicense is going to be like a red rag to a Wallstreet Bull, and hopefully they will not drag their feet too long on this.....

As for Hodl or not to Hodl? I will be buying the dips, and I see some of the alts are starting to have a bit of a wobble too... but I see no good reason not to hodl and aquire more and hodl.

Full hodl ahead captn' Aye aye!




 

Not sure if it has been on here yet but it is an interview with Ben Lawsky http://www.youtube.com/watch?v=i92tA02xBV4

Who knows why the market is not going up.. maybe it is just having a break inbetween twitches? and these 20-30% daily price swings it has all of the time ; ) besides there is alot going on this week, apart from the hearings... quite an odd week lots of expectations and twitchy triggers loaded with preconceived ideas about the next 48 hours inparticular. Besides I guess it also depends on what timescales you are trading on if you think it is bearish or bullish, I am looking looonger term.

The market is not always smart anyway especially over short windows of time, it is quite reactionary,emotional and dumb sometimes... whilst I have dabbled in TA in certain situations, looking at Cryptos/Bitcoin and applying most TA is pointless at this stage, when the market is still emerging and there is very little historical data, and in reality the "newses" (thanks prouhon  and the fundamentals far out weigh the TA, and looking at the fundamentals as they stand for cryptos what has changed? nothing...  nothing negative anyway, there are going to be some regulations... yup we guessed that... but there was nothing new or negative or super scary that came from these meetings nothing,  if anything I was surprised at how pro Bitcoin/Crypto the whole thing really was...and that actually they seem to accept that cryptos are already  here 100% and they are going to do their best to prevent money laundering etc so there is going to be some regulation, but at the same time they seem aware that they do not want to scare away innovation,  I do not see it being a million miles away from what we have over here in parts of Europe, maybe even a one up on that to encourage regulated exchanges etc... if their ideas fit in with the ideas of the global Bitcoin community is another thing... but the more hearings that happen like this, the bigger the network grows, the more the eco system and infrastructure around Bitcoin and cryptos develops, the more investment and the more hearings and more free countries that use light legislation allow Bitcoin to thrive, then the more and more validity it gives the whole market, and more media an more adoption.. this has a loooooong way to go, and at the moment all of this is going at light speed!!   2014 is the year we will see much much happen.... we are years ahead of schedule here in my opinion... literally.  For me, and my timescale these hearings were bullish... of course the proof of pudding will be the eating so... I guess we will have to wait and see what the outcome of the hearings actually is.

http://youtu.be/i92tA02xBV4

 

: ) well said...

 play money... jesus ..move on

No maybe not ,  but I get the feeling you will be arguing some stupid point of view with someone...  good luck with that.

Ok I am taking the bait....  what happened?

Talking of which where is Proudhon? I miss him   

he certainly has some sort of syndrome...

Ah I see... on the same boating trip that you mis-laid your private keys for all of your Cryptos I assume...  these boating trips can be a real hazard..

Bears are normally to be found in the woods with their pants around their ankles ; )


So I heard anyway

 

Modern day hack journalism, how embarrassing for the jorno that wrote that : ) and that is confirmed.

Yeah the quotes were cherry pickings for the "journalist" classic FUD

holy....

It is still quite something to see though.....

It has obviously given the guy in the photo the horn and all (Edit: Kill me now)

2 hour chart?

edit: not sure what set up you are using but if you go here http://bitcoinwisdom.com/markets/btcchina/btccny and click on 2 hour you can see....a similar view,  if you click on 6 or 12 hour, you can see the last time there was this volume Btc China BTC/CNY was in mid Dec 2013 ...(fake or not)

rumors (confirmed) about btce closing due to russian laws.  Think Russia is more and more priced out already

btcchina drops bank deposits again.  I do not think that it has even been priced in yet that they started accepting them..

Someone says they have cracked EC. Unlikely , at least in public and at least in the next few years, and also it is not just Bitcoin that would be in "trouble" if SHA 256 or EC are broken (in public)

Someone claims someone has exploited the 'vulnerability' mentioned in the other thread.  This would be big, however unlikely event though..I think the " " around the word "vulnerability" is right

Updates on FBI coin dumping. Cheap coins.... woop

A bunch of coins move or 'days destroyed' on the blockchain.  Hmmmm......

Someone else is arrested.  Would not surprise me...

News from the hearing about excessive regulation which will discourage small business or consumer usage of bitcoin. I see light touch regulations coming....

PBOC says something about corporate bank accounts and bitcoin (this is the big one). I think China has already been priced out..

Something happens to BitPay. Would not be amazing news, but they seem pretty solid and they would get replaced..

China banking defaults - I am interested to see how a banking default  (or other economic event) would play out for Bitcoin...  the markets have already been a little jittery as it is past few days (thanks Benji)

I would love to see it but I cannot see capital flight going into Bitcoin, not at this moment, I can see money flowing into PM's , Swiss Franc, Yen, not so sure about US T bonds this time around.... but I cannot imagine people looking for a safe harbour to sit out the storm will be parking their money in BTC...not at this point in time...  so I guess if there is an event outside of Bitcoin, and people are scrambling to cover positions and margin calls on their portfolios at large, then I am curious to see if there will be people pulling their Bitcoin investments to cover their positions, or even just to be sitting on fiat.  What happens when the dust settles though.....

Think that sounds about right for now anyhow... something is going to have to give, soonish though.. Choooo Choooo

 

Ayeeeee

Wrongamundo

Bitstamp

Upside breakout scenario.

We are flirting and have been bouncing around $820 and there seems to be some form of resistance here, it is a little sticky..trading sideways into a channel around $820

If we go continue to go up from here we may go from this $825 (ISH)  channel top we have been in trading sideways and go up to  $840 -$858 then there may be some resistance

If we go up from there

$840- $858  then I think we could trade in-between there up to $880 -$885 and see more resistance, if we break that then it is set for hitting the $900 - this is a psychological resistance point..

If there is a break out and if we go past $900 and break $910 -$915 then it has a chance to go onto break $928 and from there maybe we see a real break for $945 - $970 - $991 + then things get intersting...

I see us going up , but ...

Downside scenario from this current channel I can see the possible resistance/support levels
$825
$817
$800 psychological
$775 ish
$757 ish
$749
$725
??

Edit.... or for now we see more of this sideways tading within a channel $775- $820  until something goes bump in the night.

Yup two different set of Fibs retracements tracing back over two time frames, ie the last two big moves... some of the retracement lines intersect, plus just drawing some lines and looking at the channels it seems to be bouncing around in... and looking at the chart...  
Do not get me wrong, I am not stating this is 100% , far from it, but I am saying it could be a useful indicator along with the others,  market depth=walls ,volume etc and whatever other lagging indicators one feels does it for them...MACD stoch etc... personally I have a few and I like the Fib retracement lines though because they do seem to fairly often describe (even predict)  shorter term moves and bounces inbetween channels... there is of course a case for targets set around the fibonacci retracements based soley on the self-fulfilling phenomenon ; )  

I am more of a fundamentals guy, but like a chart too..

Yeah Mandelbrot - what a guy...  there really are patterns everywhere.

Indeed you have... it is a useful thing.. as it is a  very human behaviour, built into our physiology and manifested into reality into behaviour via psychology…. humans are complicated pattern recognition
machines… we love a pattern, and we love to spot an anomaly in a pattern, this is one of our built in survival techniques, so as such we are constantly on one level seeking out patterns, identifying them and looking for future differences… a by product of this is of course dead ends…  regardless of this…
I have seen fib lines work over and over again in one market or another..  not always, nothing does though, if it did , there would no longer be a market. I do not claim that the golden ratio is alive and well and kicking around the markets… but I do claim that others do trade from these patterns and the retracement lines of big moves.. the graphs often show this .. but you can make any set of data show any results if you have already an outcome in mind… I take it all as just another indicator… I posted it because yesterday someone posted a prediction based on Brownian probability etc and I thought I would post a scenario… I believe it is going up, but prices in a market tend to bounce around in channels, I had a look at the graphs, and the recent price action, and the fib levels,  and these are the channels I see that could play out in the next breakout… and I put the downside support levels there for purposes of seeing where the price could bounce around in , on the next breakout up, if we see it occur in the next few weeks- month.

It is a scenario nothing more.. but I thought I would post it for fun, rather than come on the board after and say  "yeah I thought it would do that" but maybe I should have put a disclaimer something along the lines of "I am an idiot - so are you if you follow my "possible scenario" out with skin in the game" or something along those lines...

Anyway it was for prosperity as much as anythingn else... and it will be interesting to see how the price action does work out... and where any possible stickypoint are... it could just blow a top and fly straight up, or not , who knows...

I got in when BTC was under $100, only a few nothing huge.. but I have not sold, not once… Alts sure I buy and sell , but BTC I have only ever bought more here and there if I can afford a few more pennies now and then…

I think what I really shoudl have just posted was
CHOO CHOOOOOO MFERS! !!!

: ) yeah I know all about it... I was kind of joking?   I say kind of because

a) Apophenia is very real - I see it everwhere I look everyday ; ) but yeah it is real of course
b) but there are actually really patterns everywhere
c) just not EVERYWHERE

Me too... I have used them to good effect to judge entry and exit points in the past with PM's , you know when you know you want to get into the market or out, but are trying to figure where the point is where you think this is a good a point as any... Fibs have been very useful for that also in trading certain currency crosses, but of course in the PM market it is a known that many traders and even bots do use Fib retracements , and their main use therefore is mainly I suspect for whales to set more effective bull and bear traps , it is difficult to study a market for such patterns when it is being not only manipulated but also gamed by people using the very tool you are looking to study the efficacy of ie Fibs

I have only started to look at the fib retracements with Bitcoin recently but I will be keeping an eye out going into the future... however I see them probably only of some use in describing retracements of moves, to identify possible channels levels of possible support and res.


In reality though as I have already said I am a fundamentals guy and the fundamentals guy sees strong upside on mid term horizon, as many of us do..

On a another note there is a 7- 7.5 ish month cycle inbetween ATH peaks if you go back , it is there a good four or five + cycles back.. (edit ok one of them is a peak after a dip and not a new ATH) so I would not be susprised if we see this years ATH's inbetween June - July , but maybe I am wrong I would not be surpised if it was Oct-Dec

It is as we all know very hard to put your finger on any actual price and match it with an actual accurate timescale especially with an emerging market/technology..  Fugazi, Fugayzi, Fugahzi, it's a wahzi, it's a woozie, fairy dust.  If there is going to be real skin in the game then I happily call a direction and a timescale though... Choo Choo... and not too far into the future - ha -

 

Bitstamp

Starting point was $820/5  today at around 02:55:31 PM

I have laid out my upside possible resistance/pivots/supports from my original post for easier viewing.

If we break out from now or over the next few weeks or at least the next month
then from $820-$825 I see the following possible resistance/pivots/supports.
 
$840-$858
$858-$880
$880-900 ($900 psychological for USD)
$900-$910/5 (could be a psychological resistance level as also $908/10 = CNY5500)
$910-$928
$928-$945
$945-$970
$991 - (could be a psychological resistance level as also $990/1 ish = CNY5500)
$Cape Canaveral

Downside scenario from this current $820 - $825 channel I can see the possible supports/pivots/resistance

$825 (this price could also be a psychological support because $825= CNY4999.99)
$817 - We dipped down to here for quite some time a good few hours now hovering on or around $817 within plus or minus $2ish- or CNY 50 short of CNY5000 $817 first acting as support then switching to resistance - within $2-3 but $817 is quite a specific number we have been pivoting on off for quite a few hours… not $833 or $823 or  $807 - but quite strongly pivoting around $817 (+- $2-3ish) ….quite interesting to see what happens…. next….,  if there is consolidation at this level then there should be a movement one way or other…  
$800 psychological
$800 - $775 ish
$775- $757 ish
$757- $749 ($740 = CNY4500)
??

EDIT:as I was writing this we just shot up to $823 on Bitstamp, lets see if it can hit $825 (CNY5000) and what it does if and when it does....
EDIT 21:44 PM: The price levels and pivots I have posted are actually based on Fibonacci retracement lines over two timescales, however a few of the numbers also coincide on several occasions with psychological resistance levels, but in CNY as I have noted in brackets, which is a curio)

not really... read my replies : )

$817 Still bouncing along this resistance line

No argument for me..I am expecting up as I say... just noting that the $817 level I pointed out yesterday as being a potential resistance/pivot/support  level has indeed done so for the past 12 hours baring minor dips out but not out of the channels...  I am going to continue to track the pivots and levels I have posted and see how they continue to play out... as a bit o fun

Oh dear , I am sorry,,  you are right I posted a scenario and it actually played out for 24 hours so far  and continues to ... sorry how stupid of me... I shall only post photos of flying trains from now on, that is what we are here for silly me...  

lol... maybe you should learn how to read! and what support and resistance and pivot points are. - EDIT Sorry I am a cranky fckr in the mornings

 I predicted channels and pivot levels....  so ermm yeah... take a read try to understand what that actually means , before you start to ridicule someone, before you know, talking a load of words that do not make sense.. I am not trading from these charts anyway , I am a fundamentals guy... I already posted that I am an idiot posting this for fun.. but no still not good enough for ya...  

As I have already posted , I put the downside support and pivot levels in place as they could come into play

e.g the price $817 first acted as support , then turns pivot,  the next level of support is $800 and the next level above it is $825  

so in that scenario  as soon as we hit $817  then :  

Resistance level 1=  $825

PIVOT level= $817   - $817 was the support level turned pivot.

Support level 1=  $800


SO the price was stuck there $817 for around 12 hours (now almost 24 hours)  and still has not really traded out of the range  I gave for the  first channel =  of $800 - $817 - $825 ... for 24 hours now - plus I called the pivot of $817 sorry if $817 is not specific enough for you

$817 a key pivot = YUP we have been pivoting around here for 24 hours ish
$800 next support = YUP we have not broken this
$825 Next resistance= YUP we have not broken this.

This is how posting  support and resistance and pivot levels works !!  so my numbers showing the different potential pivot points are actually quite specific...  well very specific , and also the first set of numbers each side of the current price are the 1st most probable figures to be traded around.

Added to that I have stated yesterday that we a trading sideways at around $820-$ 825 , I also stated that I see us going up form here , but that there are downside supports, and I have stated the levels going in both directions that I see resistance and psychological resistance and support...and plus I have explained that this is covering how I see a BREAKOUT as I am basing the figures on FIBBONANCI RETRACEMENTS (a form of TA that I did not invent by the way)  and I say that this is only valid if the breakout occurs now, or within the next few weeks.

So basically  I posted a scenario and so far it  as played out... the "magic price"  could have traded to ANYTHING in the last 24 hours but it has not.

What I was trying to point out is there MAY be some resistance points around fib retracement lines.... so I posted the retracement lines, and their pivot points...  out of interest…  on this price movement and speculation thread..

The reason I posted a  the figure of  $775- $820 for the SIDEWAYS scenario, was just incase we do not get an actualy breakout within the next few weeks.

I am not saying this is going to play out, but I am saying
I did not invent Fibbonanci retracement lines or support levels or resistance levels - it is something I learned about 7 or 8 years ago and have seen it used to very good effect to describe RETRACEMENTS of moves, I have used in the PM market to sucess myelf (sometimes) and seen it used  a lot by old timer traders that have been in the game trading for 30/40 years - I repeat I did not make this up myself, I am just passing it on.
At least I actually speculated and gave specific figures and specific reasons (ie Fib lines, or fiblines intersecting with psychological resistance levels) and I have come and stated it for the world to see, as sstated earlier I can just go back to posting pictures of flying trains... choo choo, my kid likes it when I make the noise.. oh how he loves it,  maybe I shall get him to post (he would probably be as accurate as most here, myself included ; )
 
I may not be nostradamus, but I am not trying to be, just playing out a public experiment- did I mention I am a buyer and a holder of BTC I do not sell at the moment anyway, as I said I am a fundamentals guy at heart… I bought a few years back, and I will sell in 2017-2020 - so I do not need these figures anyway... it was as I say a bit of fun, and I just wanted to use them buzzwords I think.

Ok fair enough will check it out...... thanks

Ha ha.. yeah fair play.. good one...you are right... but no worries there I have thick skin, and a thick skull probably too... I guess I am a little cranky in the mornings    but you know, you contribute, and someone takes a leak on your parade, fair enough tis the internets and all, but at least "get it" before you take a leak all over someones "work"   If what I had posted really was just a guess of somewhere between $725- $991 then actually even that has merit, if it is correct, and I have seen far far far less sound logic here and far larger "misses"  ie "Moon by next month" But as it is I was actually quite specific really, the pivots and the channels of SP and RS on each side of pivot are quite specific,  all I am really saying is lets see if we do bounce around in those channels in this breakout.

We are all here speculating, and having a laugh fair enough , I love a Choo Chooooo MFKR as much as the next guy.
Only reason I posted this was I saw the guy make a very broad prediction two days ago on here, and as I was looking at some fib levels on something else I am trading I thought I would take a look at the BTC charts, and I saw some very strong evidence that the price has in the past and is bouncing around strong fib retracement levels... and a few other key lines (psychological resistance levels at key price points in USD and CNY) now the reason why ? I have a feeling that maybe some of the bots maybe some traders, maybe some Chinese/japanese traders make use of these FIB levels themselves to enter and exit the market, SOME of them, and MAYBE, I know they sure do in the PM markets. I have looked at the graphs, and those potential resistance and support and pivot levels seem like real possabilities based on the price actions so far and going back a good few months. Though a large green or red bar that blows straight 
through the support or res levels would not surprise me either, it is just a potential indicator that I thought I would take a public look at.

I take it with a pinch of salt, but at the same time when you read a chart, carry out an analysis, get some figures out of it, and one of them
as in this case the very first one, gets hit within hours and then the prices stays does indeed pivot around it, then it is , for me interesting, thats all, which is what has happened in this situation... could all turn to shit next, but for me it is intereating that $817 100% got the role of the pivot for 24 hours and the price as I post this is $817.51 , and $800 remains and $825

Yeah I guess maybe I am in one way itching for it to play out bang onto my scenario.. but I was not jumping up and down , preparing a newsletter and subscription service lol but I was posting, for prosperity and as an update... anyway I am rambing now...I have just got up and the 2nd coffee is kicking in.....

  I will continue to see if the pivots and SP/RS levels get hit and maybe post a highly condensed 1 line update or something as they either do or do not get hit (come on, we all know they will probably not get hit, and I will just be wrong, but at least give it a chance and then rip me a new one afterwards    then you can really take the piss outta me lol !?   but at the end of the day really I dont care I am a long term hodlr and dip buyer...  so what I mean to say of course is CHOOOOOO CHOOOOOOOO1!!!1! 

 

Thanks : )
 
and  Wow! sounds like that would have been a pretty interesting gig.. I imagine you picked up some pretty useful info there.. O'Neil is a bit of a legend huh.

I do like TA as useless as it is sometimes, but I have seen some great traders in the past using TA trading and making calls in PM's using all sorts of tools and lagging indicators etc but the traders that have caught my attention or maybe my imagination I have seen using momentum and old Gann indicators & Andrews pitchforks, mixed with Fib levels  but also the really good ones mixed that in with newses and fundamentals and a deep market knowledge mixed with an understanding of the institutional mechanisms in play,with the daily price fixes etc, that and an understanding of the supply and demand coupled with an analysis of inventory /futures markets etc and combine they that with TA to mostly great effect..in entering and exiting the market, the only thing there though is of course the manipulation and suppression and raids that occur in PM's, but I have even seen some of those raids be called in advance before..  really is quite something, and then add on top of that what you guys can do with your magic.

I am curious to see how the world of TA continues to develop around BTC.

Agreed... newses/fundamentals rules! and I am Bullish on those fronts.

Jeez... ok you are entitled to your opinion : )  

I said that we are waiting for breakout, or I am anyway , and on the downside from a starting point of $825  I gave the next support level of $817 - before it got there... and then  I stated if you read, that the resistance level above it was $825, and that the next support below it was $800.  If you actually look at the chart, using say the 2hr or the 30min or the 4 hr even on Bitstamp and you can clearly see it has pivoted on and around $817 for considerable amount of time now. Draw a liine at 817 and note the open and close dotted along $817 for the past 24 hours, that $817 was a Fib retracement from the last ATH..  

See it or not, that is up to you... it was only a curiosity as I had wondered before it occured if it could be a sticking point, like I have also said, I am not even trying to sell anyone on any form of science, other than, even if it is just because other traders DO use it, then it is a tradable tool? IF it works, and the only way to see if it works in cryptos as it often does in PM's it to look at it

Also actually there is NO indicator that works all of the time, and if there was there would not, could not be a market as we know it...
and the key word here is indicator, it is a tool is all, and if you believe in it, or think others belive in it, it could help give some insight into price movements..

Alo you know if you look and read my posts, I think you should be able to see I am not calling this a science and claiming 100% and that it is going to happen, not even 50%  I just made an observation, and actually, you at this point saying it is bs , well yeah it probably is, as I have myself said, but ermm so far it has actually pivoted around $817 , draw a line on a 1hr or 30 min Bitstamp graph around $817 and zoom in and scroll back through the actual price action for past 24 hours,  and you should see the bars straddling touching and flitting either side of $817 , and if there is a break out of within $3 it seems to attempt to break $825 and does not, and if it falls it make like it might dip out past $810 and not $800 but it does not...  so it has traded within the $825 RS level  stayed mainly around the $817 pivor level and not broken the $800 SP level,  that I stated were possible  and it has done so for the past 24hrs... not amazing, not shabby, and at this point does not mean much....so basically give me a break, or don't it really does not matter.

And yeah I am a fundamentals guy- take me for my word or do not up to you... but I am, I have an interest in TA but I think especially with BTC that fundamentals and news and the tech are key. I am certainly not trying to BS anyone of convince you of anything... like I said
I did not invent fib retracements, nor was I the guy that spotted the golden ratio or phi, so sorry if I come across as anything other than
an enthusiastic poster..

I posted my "predictions/scenario" for fun as I stated- and I am sure you can have a really good laugh, when we do not hit any of the  next potential  RS/SP and pivot points,  they are pretty specific so it is most likely you will get your laughs... so enjoy.. I respect your opinion and your right to one and laughter is good for the soul.  

Edit
ps I have already given the channels and pivot points I see it possibly going to over the next few weeks, thats what the rest of the numbers and pivot points are.
  

Are you guys talking about the Doge crash on Bter?

huh? where the? who the? whaaat? is this the same forum ?

Patience... we are going to trade in a range for a while, then things are gonna hot up... probably not long to wait now... minor dip then up!

yeah... good one : )

clap ....

because of course that is what I am claiming... yeah of course... good one you goon.

Good question... I have been wondering the same thing.... a scenario I see playing out....  if, no sorry, when there is a stock market crash, and people are panic selling in the stock markets etc and peoples trades are hitting margin calls and some need to liquidate trades to cover other trades, or just want to protect their capital then there is capital flight from anywhere that is perceived as high risk... to somewhere safer ...some of the usual culprits being the Swissy, Yen, or say even US T bonds, and the like... plenty of others but they are quite usual... quite often Gold and silver get a share of the capital flight, but even they get quite a rocky ride and sometimes the only thing people feel comfortable with is cash, cash is king as they say...  so how could Bitcoin fit in, tricky one to call as it has not ever had to endure a stock market crash... and I think that there are a fair few Bitcoiners that do not fit the usual "investor profile"  whilst there are no doubt a fair few people in Bitcoin that may want to cut their speculative positions  to say cover a margin call on a fx pair or on a stock, or for whatever reason but most people in Bitcoin I think at this stage would probably not fall into that category (certainly some, but not a huge percentage of people) but there could well be some larger holders that do have exposure elsewhere and have large sums in BTC that they may want to bring into a perceived safe harbour.. I imagine that during a stock crash, fear will be high, and so I would be shocked if we do not see some weak hands shaken out of the market, and also at this point in its development I would be surprised if Bitcoin received "safe harbour" status.... SO I am guessing that it all depends on how far the Dow drops... if it is mega, then I think we could see some considerable selling pressure on BTC, but I also think that whilst everyone else is panicking that there are a lot of Bitcoiners that will be ready and waiting, as they have been laying in wait for such a moment where they can buy up all of the cheap coins and so I guess Bitcoin will get hit but recover quickly, quicker than most other sections of the economy. Just my thoughts.. as for a figure I have no idea.

Also the DOW and other markets not just the DOW have been rocky(er) since mid of last week....  tick tock tick tock

Edit- oh and after the shitstorm has settled, then I imagine the stock crash creating more bullish sentiment for Bitcoin as long as it does not fall tooo far, and stay there toooo long...

 

Moon is a moving target

We need to catch it and lock it up in the basement

Welcome...

here is a welcome from some other guys on the forum too...

that's snow joke!  

(be safe)

+1

Whilst bigger exchanges in NY and the like would be good for Bitcoin, it will also open the door on a bigger scale to this...

Attack of the HFT bots (2011 eeek!)
http://www.youtube.com/watch?v=pUFM1kRdHKI

I would forward to half way through!!


edit - why can I not embedd this bloody youtube vid? have I gone mad(der)?

 


Hey PAUL!

ha ha oh dear whoever made this... has too much time on their hands

Hungry bears are not attractive dinner guests

yawn.

Sheldon says

hang on hang on... did he say bottom?

I don't like bottoms...  

Are you thinking something like this ?



Polar bears need to chill out

+1

Hey fuck Apple

FTFY : )

Yup thats another stock worth shorting too...  Fuck Apple.... Fuck Western Union...

Lol...   

Yawwnnn..

I be like this to you Fonzie....



Nothing surprising is happening...why all the fuss... price is moving instead of staying still, get over it... da fundamentals are getting better and better everyday... this is just pantomime
n happy trading times... same old same old... people are to twitchy

Fine day to be alive  

My spidey senses are tingling... in my crotch....

ohhhh $725 suppose I best pay a little attention

 

Much FUD - you guys have been watching the same coin right?

yeah the price is moving... thank fuck for that.... what do peeps expect?

: )

ah sweet how long until $0 then? just got to plan my eventual suicide

No $300 not ridiculous as such, but where are you going with this is $0 your mid term target?

Yeah $300 was a figure he has pulled out of a hat... but I am not aruging the figure even..I just fancy a laugh and want to see where Fonzie thinks this iss going... so $300 within what
a month or two? and then where? please do explain your longterm outlook and fundamental reasons you are uber bear

Careful

That answer is not as much fun as what Fonzie will give us?  I was hoping for more than that, a sound reason to be a bear in this market, a real perma uber bear...


 

ok may I ask your reasons? $250 -$250 why there ? why not $150 $200, an then why $400 and $500 ? and why will it stabalize there what will have changed?
so you do not have a long term view of where Bitcoin is going? do you think it can survive if it does not continue to grow ? I mean do you think this is a binary outcome as I do ? so surely if you think it is not going anywhere then you must think it is going to zero within say 5 years... do you?  what negative fundamentals do you see in this current market, that will stil be a probelm in say 12 months? Why do you not think we will not hit an all time high? and by soon?   and also what do you see happening to the adoption rates and network effect that is playing out? not to mention the  momentum being built up by investors and entrepreneurs and their hard cash, and what of the growing public awareness and growing eco system, what makes you think the network effect will stop? what makes you think adoption will slow?  do you think the tech will break? or it will get banned? or do you think that people will just get bored of it? what do you think?

I guess I just want to be close to you Fonz, to know the man behind the memes...and the fud.


PS - with these fundamentals as known at present- the party is far from over Fonzie... people just tell you that to make you go home ; )   
The party has just started... and if we do it $350 again I am partying like its the 90's and I am the wolf of wall street

wow... are people this shakey in general?  I would not want some of you guys in my corner in a situation...

A little jumpy some of you...

Well that is a different kettle of fishes all together!

: )

HEY PAUL !!!!

I wipe my arse with Ripple, everytime I see the name I want to puke...

timescales... jesus... What Bitcoin will be is not what it is today... more volume more adoption more exchanges = more liquidity and therefore more price stability...

pretty simples.

pardon my language everyone....   but Mah87 - go fuck yourself with your inane shit

?? ha ha... ermm what am I talking about?  ermm how Ripple makes me feel, which is like puking everytime I see it...mainly because I just wiped my arse with it....

you are so special.... do you have carers?

Muppet I bought Bitcoin under $100
I just do not like Ripple, they may do well, but that does not change the fact I dislike seeing the name Ripple everytime I see it in 2nd place on the coinmarketcap..

oh and did I mention...


(edit the guy in this pitcure having his life rearranged by an angry bull- was a perma bear... but what really made the bull want to hurt him bad, was that he was a ripples fan...
 
Coming to a screen near you far far sooner than $0  

(edit - the only thing you bought under $10 was a hand job from your mumma)

Read more? wha??  ermmm ok...

I think your carer needs to change your nappy  

I am indeed.. for now...

Hell yeah!! blow the bloody doors off : )  abandon ship!! abandon ship : )  ha ... there are some amazing things about the UK for sure, but really I would only like to spend say 3 or 4 months here a year... in the summer at that ... but apart from that I want out..

well known to be a false science... ok then lets call it an "art" instead....

Fact is, for what ever reasons if you are half good at TA, and have experience and sense to know and when to use it, and what its limitations are and you use it as just another tool, then it works a decent amount of times, enough to make it worth it!... even a bat shit crazy loon can see this... and NOTHING works all of the time, and nothing could otherwise there would not, there could not be a market as we know it!  

Using TA sure as hell beats just sticking your finger in the air and trying to guess the direction of the wind... and can be very useful in helping you access price movements, which is useful and important if you are short term trading... again, unless you think that justtotal  wild guess work and gut feelings will do for your entery and exit points etc ,  and if you do that is up to you... but as for trying to convince others that is the best way, the only way to help you choose entry and exit points? I think that is far from science too... also if it works for some people let them get on with it...    

really it is going to fail.... will tcp/ip and http fail at the same time? this could be worrying... I need to get prepared....

Actually I think you will find 2014 is the year Bitcoin rises.

People hodling Bitcoins are not traders as such... more investors, speculators, savers.

There is a difference.

That we will only know with more time I am afraid... your argument does not allow for the fact that the outcome of hodlling will not be known for x amount of time in the future (2,3 years 5, 10?)  

The only indication we have of the outcome of hodling Bitcoin for over say 2-3-5 years is the past, so in the years since 2009 if we were to do a survey asking people that bought and held for say 2, 3, or 5 years what the return in their investment was and if it worked out as a good strategy what do you think the answer would be? all of them would say it was great... by contrast I am sure that there are many people who have day /short term traded and made a mint... but many have lost it all, lost money on margin, ploughed bad money after bad ... sure there are the ones doing well... bully for them... but as a whole, as it stands today, the safest, and probably (depending on how good you are at trading)  most profitable way is to buy and hold long term... or to realise some profits as the price climbs and buy dips sure..  but risking coin to make coin is all good and well if you are adept... and some are more than others.. but I have been around fx and pm's  long enough to know that weak inexperienced hands get burnt over and over, and with much less volatility than BC has to offer..  The past is not the best indicator of the future, but it is an indicator all the same.. The fundamentals with Bitcoin scream buy and hodl, so it is an easy decision.. with the aside that it is pretty much a binary outcome scenario.. and to only risk what you can afford to invest.


EDIT Also depends on what your end goal is, and what your lifestyle allows and wants...   

LOOKS FUN

I am about to slay a kitten




... that is if she will let me ; )

sorry wrong gif ah ha ahemm (I really did put the wrong gif up, ha ha... thought I would leave it there as the accidental choice of gif was hilarious!!)

It was supoosed to be:

I am about to slay a kitten



... that is if she will let me ; )

not much time to explain... but hint: it involves my girlfriend.. and another hint: it does not involve any slaying...  gotta go ... happy trading


 

Your mumma goes down for less...

so I hear...

Is that a bull shitting out the brains of all of the bears as it pins you to the wall ?

sorry my bad....  I know I should not feed the trolls...  I am in a cranky mood , hangover from hell

Fonz

Fancy a trip to Spain this year?

Another fine day to be alive...

Business as usual - with more fun and games ahead no doubt....my general reaction to all of the drama of the past few days Gox included=


I salute you!


I literally cannot wait for the next 6 months...

Happy Sunday...

I wondered the same thing..

wow...  really?  

I am confident in the people and the community and the tech, though who can tell what will happen for sure.

The protocol issues raised by MTgox are old old news , and by now the fact that MtX is a mess is also old news..

 I am not being condesending in the slightest, and each onto their own and each of us has our own goals and risk aversion and plans etc etc.. so if you have cash you need to protect then so be it..  do what you have to do of course! and I respect that..for anyone that is dealing in a serious amount of cash, for them, then this is a serious business...

 I guess for me I have chosen my path a long while ago,  and for me it is a one way path with a binary outcome. I am not predicting the future, I am predicting we will reach one of two outcomes over the next 5 years, and have invested accordingly...that much I am happy with... (though I do think we are going to the moon, one of Saturns moons at that)

 I guess though from your posts that you are a trader first, so I can see why you would want to get into fiat and wait out the storm.. I guess from your postings in the past I was just shocked you said you are considering getting out all together...  for me days like today are one of the things I love about being involved in and trading this relatively new technology, plus I do love to have fiat sitting around on exchanges with ready set and old buy orders just waiting to buy dips...  talking of which I was expecting more of a flutter from the alts in a Bitcoin flashcrash than we actually got... though I did notic something quite interesting... I am also invested quite heavily in Nxt, and as the Bitcoin had a mini flash crash on protocol news, Nxt which it not a Bitcoin fork in anyway and uses totally different language/protocol - had an aggressive mini price spike, which was interesting...



 
 

 

Indeed.

Fib levels really are great tools... not always accurate for sure, but great for spotting entry and exit points, I have used it and seen it work again and again and again over many years in many markets... quite something... be it the underlying observation that the fibbonanci sequence can be found in all organic systems, and there is actually a fractionalisation of the Bitcoin price or it is caused by a self fulfilling phenomenon.

I was just admiring the shape of Fonzie's skull!

There are bats everywhere!

Did you see what god just did to us??

I mention no names

ha ha good one !!

There is one more - pigs - so called because they are greedy pigs...  but, pigs are intelligent creatures, and they do not just thinkthe price may go down or think the price may go up, but theyknow it will do both...   which is a grat thing to know  only problem is pigs think that they
are more intlligent than both the Bulls and the bears... but in reality how often do you see a Bull or a Bear on a dinner plate?  pigs on the other hand nearly alway get slaughtered.  Quite a lot of the people claiming to be bears are in fact pigs dressed up as bears.

 

There was once a troll named Fonzie
of which no one was very fond see..
Because every word he spoke, was a terrible joke
and everywhere he looked there waz a ponzi.

There once was a troll named Fonzi..
a little little fish in a big pond see.
Because every meme played, seemed trite and homemade
not the sharpest knife in the box he.

There once was a troll named Fonz
took his name, from Happy Days long gonz
but to all of our despair and with no class or flair
The Fonz liked to share share share share

Has anyone seen dear Fonzie ?
No!
Not I! Not me!
Not us!  
I see!

Excuse me mr Columbo but maybe he is dead?
" but for a troll he seemed really well fed?"
Perhaphs he fell somewhere and banged his stupid head…
Ok Bitcoiners fair enough, that was well said…
but, oh ,ah ,one more question before I go blondie.
Maybe he drowned whilst swimming in the pondie?

Ok ok you got me !  I confess, I really have to get it off my chest
what happened to the dear old lamented Al Fonzi.

He was a float, when I threw him from the boat
but with my boot to his head
I kept him down till he was dead
and now there is no more ol Fonzi.

You see there is no bubble down there I  screamed and cried
and then slowly, thankfuly Fonzie died.

So…..

There once was a troll named Fonzie
but now we can hear him no more
Maybe a note
or the odd quote..
despite your f'kin ignore

Once long ago there was a troll named Fonz
or maybe it was Al-fonso, or Al Fonzie
I cannot remember ,or quite care...
just a mere flash of memory as I stare
at the Bitcoin price up in the sky
Now Proudon... what a guy...

...and now… well….really what can I say?

I guess in the words of the real Fonzie "Hey hey hey"

Where shall we go a sailing today?

Thats alright Fonz.... you make me laugh on a regular basis : )

enjoy you mad box of frogs you...

Ha thats alright... most have him on ignore anyways, and you cannot keep something like that inside..
I had to let it out...

Yeah I would agree if it was not for the speed at which things are happening... from 2012-2013 was one thing, then the past year another all together..
and now this year we are not even 45 days in and it has been quite eventful...and you can bet your hat that the smart money, the big money, in the game is not faffing around... and the events of the last few days cannot be a surprise to them surely? The coming investment and the coming ecosystem that will be built from that money , is not faffing around.. Outstock and all of the other players that are on the way, did not spend the past x amount of time, understanding the market, working out ways to use Bitcoin , and NOT expect any more volatility, heck I didn't and I fail to see how a well organised business could... One of the very hallmarks of Bitcoin is volatility, and whilst things have been moving fast and it has not happened yet I do expect it to get less volatile when there is more adoption and liquidity..but we are not there yet... anyanyone in Bitcoin should be more than aware of that at THIS point in time...other than that anyone expecting no price volatility has not been paying attention over the past 5 years.

We are witnessing the changing of the guard in some respects, the market will demand efficent exchanges, and the market will get them and the crappy ones will die... this is already starting to happen now... the same goes for the entire ecosystem, what is there already is going to grow and get stronger, and what is not there yet but is needed will be born into reality.....  there will be volatility for a while longer, but over the next few years we are going to see the price go parabolic.. even the media and th guberments are starting to slowly get onboard... nothing and I mean nothing has changed... MtGox needed to go, or sort their act out months ago, and hopefully now they will do one or the other.. and the market can move on...

Also depending on how you use Bitcoin you do not at this stage need to take on any currency risk at all to accept Bitcoin (by using Bitpay for example)


Seriously not much has changed in the past week, nothing that will matter in a years time, probably even less.

 

bbbbbbut... is it a fugazy, fugasi, it's a wazi it's a woozy?

(starts humming and beating chest)

 

Brilliant : )

ermmm slightly off topic but... I think I just got spammed on the blockchain !

Just recived a tiny amount of BTC twice in a temporary hotwallet I use sometimes..

Two messages with two words in "enjoy" + "sochi"

looked up the address I got the coins from in google and found this reddit

http://www.reddit.com/r/Bitcoin/comments/1xenyd/just_received_weird_tiny_payments_1sochi_1enjoy/


Think I may have to do some dusting

Edit: seems I have missed this, it has happened before...  curious.


Edit: https://bitcointalk.org/index.php?topic=282238.0

Cryptsy - has been a pain in the ass for me for the past week or so...

Think I will sell later

Missed this line : Update bitcoin wallet. Temporarily withdrawal is not available

Same message they used on Feb 10th for temp stop

Dodging shoes : )

JP Morgan only likes a currency if it is sodden with the blood and tears of millions of innocent people....  I would not touch a JP morgan currency
with a 100ft pole.. dirty evil rotten bastards that have had their grubby little claws around the throat of humanity for far too long...    

ha ha you mad man! I like it.

markets in th short term are irrational... and quite dumb.

I wonder WHO/WHERE  the attack is coming from ?

JP Morgan
MtGox
Putin
China
Fonzie's mum
NSA
Some 14 year old in Rio
Mini Putin (you know he has got one)
A bunch of c.......

errr ?  : ) I am tempted to answer a random question here...  but anyway..

ok what ever you say : )   not sure why you directed that at me, nothing to do with my post, and you are preaching to the converted....I am not afraid in the slightest.....I have stated my opinion regularly on this thread.. I come on here mainly for fun, and for some newses.. but I am a long term hodler and dip buyer...  I am not confused... and I have teflon skin when it comes to FUD, and I am not a very jumpy person.

my general attitude remains

So it is "breaking illusions" that are attacking the exchanges?

yeah... ok... you are talking about somthing else, which was my point about random answers to a question...

I am asking about who or what is attacking the exchanges with the attacks that are happening at the moment... the actual attacks, on the actual exchanges............ the actual attacks...... on the actual exchanges...  that we are...... having ... at .... the ... moment... so yeah there is obviously someone doing it... it is not just "reality" ffs... I am talking reality here not conspiracy theories.. I think you are confused... and yeah the price is going to do what prices do, shocker..  seems to me you just wantd to offload a load of fud, well happy days for you. I will be interested in the FUD in about 2017 when I actually give a hoot.

Ok cool... hope that has sorted that one.






 

That is coming Nxt

 

Exactly..

When things really start heating up this year and the price goes ballistic... the fudsters are going to have to run really fast to keep up...

Once the button gets pushed...

The fudsters and perma bears are going to feel some pain

bahhh haaa haaa : ) good one! 





 

There was once a troll named Fonzie
of which no one was very fond see..
Because every word he spoke, was a terrible joke
and everywhere he looked there waz a ponzi.

There once was a troll named Fonzi..
a little little fish in a big pond see.
Because every meme played, seemed trite and homemade
not the sharpest knife in the box he.

There once was a troll named Fonz
took his name, from Happy Days long gonz
but to all of our despair and with no class or flair
The Fonz liked to share share share share

Has anyone seen dear Fonzie ?
No!
Not I! Not me!
Not us! 
I see!

Excuse me mr Columbo but maybe he is dead?
" but for a troll he seemed really well fed?"
Perhaphs he fell somewhere and banged his stupid head…
Ok Bitcoiners fair enough, that was well said…
but, oh ,ah ,one more question before I go blondie.
Maybe he drowned whilst swimming in the pondie?

Ok ok you got me !  I confess, I really have to get it off my chest
what happened to the dear old lamented Al Fonzi.

He was a float, when I threw him from the boat
but with my boot to his head
I kept him down till he was dead
and now there is no more ol Fonzi.

You see there is no bubble down there I  screamed and cried
and then slowly, thankfuly Fonzie died.

So…..

There once was a troll named Fonzie
but now we can hear him no more
Maybe a note
or the odd quote..
despite your f'kin ignore

Once long ago there was a troll named Fonz
or maybe it was Al-fonso, or Al Fonzie
I cannot remember ,or quite care...
just a mere flash of memory as I stare
at the Bitcoin price up in the sky
Now Proudon... what a guy...

...and now… well….really what can I say?

I guess in the words of the real Fonzie "Hey hey hey"

Where shall we go a sailing today?

Paves the way for nice shiney new exchanges in NY...

....going to sharpen my horns...

Is that actually you in the avatar? are you the guy that makes the youtube videos?

EDIT Having just scrolled back through your last posts.. I can answer my own question - no and thank god for that...

I think you will find this is the best car ever made , by a long shot.

http://cars.mclaren.com/p1.html

That is a juvenile critique... if you understand the science and engineering behind the car... it is quite something... maybe in that colour it is crude...
and you know... I do not love the design, but I am not talking about looks (and besides the shape has other more functional uses, the aerodynamics of this car are insane! it is so light and goes so so very fast it needs something to give it weight, step in very cool aerodynamics, not just the spolier)
 I am talking about Drive, performance... and y'know this is a "hybrid" but not one of those for the enviornment hybrids... for other reasons...  this car is insane...  the amount of work that has gone into the engineering it is insane... the performance is insane , there is only 1 other road car that can touch it and that is the Veron.. and well that is not really a car...

The tesla is very cool.... but as cool as it is, is not even in the same league as the P1, even suggesting that it is is a bit daft.

ANNyyyyy way... sorry off topic... back to the fear ... oh the fear.. the panic... the woe... meh

: ) Nice car

but I will have the P1 thanks : )  

I would give the maserati to my father.. more his style.

To sum up he says

Myth 1 Bitcoin is inevitable

Myth 2 Bitcoin is anonymous

Myth 3 Bitcoin is "government proof"

Myth 4 Bitcoin is legal

Myth 5 Volatility does not matter

jesus...

Myth 1 Bitcoin is inevitable = Give that man a medal!

Myth 2 Bitcoin is anonymous = Really I could have sworn that it was, a 20 year old told me so, and of course I listen to everything that a 20yr old tells me, and they are the only ones that know about Bitcoin

Myth 3 Bitcoin is "government proof" = Does it need to be? let's wait and see on that one. (that discussion coudl go on for days!)

Myth 4 Bitcoin is legal = Bitcoin is not illegal, at least not anywhere where people are "free"  Let's wait and see on this one too.
 
Myth 5 Volatility does not matter = Nor does it matter much yet, and if Bitcoin does manage to stay around and grow, then the volatility will go down... again, looking at things as they stand today, without taking into account how things will change as it grows, if it does manage to stay around.. but then in the same breath tells us that if Bitcoin grows it will use as much energy as Germany, so he accepts that it could grow, and that it will (in his model) use all this energy, but does not accept that growth would also have meant government acceptance and clear legislation, nor that an increase in adoption and therefore volume and the advent of more established exchanges would provide greater liquidity and therefore less volatility

 
"when I talk to Bitcoin supporters , when I ask questions I do not get answers I get "why are you asking questions, why are you being so negative"
"when I talk to these 20 years olds who are into Bitcoin"

Maybe he is asking the wrong people? I wonder where he takes advice on his love life from..

I do not even know any Bitcoiners in their 20's tbh none at all, they are all 35 +

Also I do not think that having a currency that "bypasses" government means that all government should or needs to be removed, that is bad logic.. you can have a government and a crypto currency that is not linked to the government, and still have a government, they are two different things..  So it is the intentional dishonesty and simple logic mistakes that he displays in this and other arguments that makes me doubt everything that he says...

According to this guy, the only people that have confidence in Bitcoin are 20 years old, and that not one of them would listen to any cogent argument and he has spoken to all of them.  

I wonder if he was in a room person to person with all of us lot, if he would have the same kind of style to his communication, or if he would talk like a normal person, rather than like he is talking down to a room full of stupids.

For a guy with so much smarts... he makes a lot of simplifications and mistakes... blindly so... maybe he is smart enough to understand, but maybe he has to much emotional baggage, he seems to be very caught up in the past.

Bitcoin will be using as much power as Germany... based on? and I imagine projected into a future where nothing changes apart from the electricity used but everything else is based on today's(or even yesterdays) stats?  I wonder how long this guy thought it would take to decode the human genome after 3 years in, things change.

Also when was the last time we had a "good government" doing "good things" that did give this guy feeling of warm fuzziness?

No real surprise that he sees no reason why we should change the banking system or the way government works...  "I went to oxford and studied
computer science"  blah blah .. yup Oxford, Cambridge, Harvard, Yale , much much good has come from these places no doubt...lots of very smart good decent down to earth intelligent great people, but also pretty much every douche bag that works for Goldman,Morgan, FED etc etc came from those same places too... most of them born with a silver spoon in their mouths and most of them (not all) are totally clueless about the world outside of their little isolated circle - and are the LAST people I would listen to when they try to tell me "what the rest of the population thinks too"  and which population does he mean? is he speaking for the population of Iceland, Cyprus, or even the population of Russia, China, India,  I think he is speaking for his rather small "population" and I do not even mean a country.

Going to carry on listening to see if he has any good points for sure... but already I dislike his style

Ok just got to him "debunking"  "Bitcoin is anonymous"  ffs...  I am struggling not to press stop at this point...  

And now "we do not know Satoshi is" how can we trust Bitcoin?  

omg...  yeah that degree at oxford did not do this guy much good in the common sense department.

Now the guy is saying that Bitcoin is a brilliant bit of tech, just not defo 100% the future-  the first sensible thing he has said
oh and that the international payment system is a joke... another hit for the guy.

Now talking about e-gold - this guy is showing he is out of the loop... maybe he should have a chat with Ben Lawsky..
Bitcoin is not e-gold... and we are not back then... we are here now in 2014 and things have changed, we have moved on from e-gold in so so many ways...both the tech, the system, the current political and legal attitude and environment,  something that this guy seems to ignore.. and again and again he is very very selective with his arguments... and clearly 100% entrenched in his way of thinking ... I think he will die with the same idea and beliefs he has today.

God now he is talking about how great the USD is , and because it is backed by the government... not one mention , not one about the huge debt, the dwindling purchasing power of the USD, the fact that the whole world is gently playing pass the parcel with USD, that more and more countries are trying to get away from and have less and less trust in the usd petro dollar. Not one mention about how actually Bitcoin and USD could live side by side, nope, in his world it is one or the other, a 20 year old told him so.. By the way I am not bashing the USD but claiming all is fine in the USD world is as false as claiming Bitcoin is 1000% inevitable

Nitro ice cream..and child porn ... and from there to Mt Gox... and from there onto Bitcoin would not survive if Mt Gox goes down.

meh... I am going to struggle through part two and see what else he has to say.... but thus far for a man with all of these supposed smarts
he has not actually said anything very enlightening or new, or actually that smart..in fact either by mistake or not he makes some very glaring over simplifications, if not outright BS, he speaks well, and is obviously a smart guy, but is also a little bit of a dinosaur (or maybe has an agenda)
which is a bit of a surprise...

Would not surprise me at all  

ohhh I love it when you talk dirty

Some newses...

http://money.cnn.com/2014/02/12/technology/bitcoin-regulation/

 

MtGox v2

http://techcrunch.com/2014/02/12/jed-mccaleb/


Alpha testers wanted
http://alphatesters.secretbitcoinproject.com/

People can only sell sell sell, if some one is going to buy buy buy...

and I will be one of those buy buy buyers...

Good good... I think you guys are the right guys for the job....  I think that you should track all Doge fans down within German borders, maybe anex a neighbouring country, and build special camps for the Doge fans, and keep them all there, well labelled, and prevent them from any Doge trading.... this would in the meantime until we come up with a longer term fix........ or to coin a phrase.........a final solution.

Wow such bad
Much poor taste
Very could not help myself
Bad joke.

 

No seriously... crank that machine back up again and and verboten dem pesky Doge'rs  

DOGECOIN Das ist streng verboten!

I wonder sometimes if people on this forum would like to post onto say the Haiti expat forum and say things like :

Ha ha bros I hear another earthquake is coming ; ) you are going to lose all of your stuff !!! ha ha  oh lolz...

I really hope an earthquake comes... I really do... I want you all to get burned... burned bad... because I am not in Haiti but you are !!!

BURN HAITIANS!!! ha ha .. you are all going to die and when you do I will be here laughing

I hate haiti, and I think anyone in , or from Haiti is an IDIOT who deserves to DIE

Did I mention that I live 5,000 miles away from Haiti, and I have never been, I will never go, and I have zero interest in anything to do with Haiti
apart from watching it BURN !! ha ha you guys are so stupid you all deserve to lose everything you have and for it to ruin you, beause you are a  stupid Haitian

Remember Haitians I will be back several times today , even though I really do not care about Haiti, but I just need to remind you all how stupid I think you are !!! and how much I hope it all goes wrong for you... and I will come back the day after and post the same thing... because
I have nothing better to do with my life, literally nothing... I spend my life just giving people shit on a topic I have no interest in... because that it the kind of guy I am : )

Oh and by the way , have you heard that ALL of Haiti is going to get AIDS tomorrow? and when it does oh how I will laugh..

Seems legit right?

are you really asking?

ha ha no I defo 100% planned it in advance... I just for no real reason fancied ribbing zee german a little bit, and having a joking dig at Dogecoin..

its a joke right?

I agree on most points... I was half kidding, but also half serious... (I am an old PM and FX trader to I know the game)

Do you own Bitcoin? (just outta interest)

Fair enough...  I hear you... but the whole buying in and selling thing is not for me personally, as for me there is no point.. my strategy thus far negates the need

 I am not a miner never have been.. but I have been buying for a long while,  I buy dips and trade alts to increase my BTC, and I also have invested in an alt or two, and I actually now take most of my wages in BTC, and I spend it where I can... and I know a good group who are all doing the same... I am trying to get more and more local businesses to accept BTC and I am in the process of looking to intergrate taking payments in BTC for the business I currently manage. Most of my friends are now BTC hodlers and buyers and only one of them a miner-  though I am talking to my friends about setting up some nodes.   Also I do not think guys with angry girlfriends running a few little rigs in their little flats are propping up the market... there are guys with underground caves being powered by geothermal power right now with asic farms that would make your eyes water.. and I do not even think that is what is propping up the market... but assuming that they are... sure money is not endless but the players coming into the game with those set ups, and the ones already established in the game they gotz funding...  most of the players coming into the game (not just in mining) now have gots funding and deep deep wallets and are playing a long term game...  I am also playing a long term game... and the price movement of the past month, few months does not surprise me...  the market is going to decide for sure... I still see the fundamentals as strong... I guess we will have to wait and see .... for me the key is not price, not at all the key is adoption rate and user figures, can the network growth do its thing for a few more cycles? I think that the money coming into the ecosystem at this point is banking on YES, which is why they are coming into the game and coming with depe pockets and will do all they can to make it work, which gives me confidence... and if this remains true and we do get another few cycles of the network effect play out. then to me the long term fundamantals still look good.. not certain but good... and that would mean another set of parabolic price rises as time goes by.

I am mostly interested in adoption and use rates not the price.

One of the greatest failings of humanity is its failure to understand the exponential function.

(That being said BTC has in my mind over the next 1-3 years got a binary outcome)

Also... as a little side note.. this year everyone I know that is not already a BTC hodler when it comes to their birthdays or Christmas presents I will be setting them up wallets on their androids or PC and a paper wallet too, and I will chuck a $100 of BTC in their wallets and that will be them..  and then I will poke and prod them until they do likewise "have you set your gran up a wallet yet?"

Another plus, basically I just did all my Christmas shopping for 2014 the other day : )  

Have you set your granma up a wallet yet?  I did and they are both dead - but they have still got f'kin Bitcoin wallets with a few BTC in them

No excuses ! not even death.

Oh and another reason I can think of... if Cryptos grow and grow, and the rest of the world adopts them, and the sky does not fall in around everyones ears, then in two years time do you think China will just sit it out? I do not, they will simply flip flop.. and change their mind...  "never" is not as long in Bitcoin time as it is in real time...  

Two things people seem to have trouble with exponential function and extrapolating into the future rather than thinking linearly.

Good chance China changes its mind, sure they will never allow at least in the near to mid term future for crypto it to replace the Yuan, big woop, so what who cares, same as all the rest of fiat..  cryptos do not have to , that is not even an argument at this stage... things do not even have to be priced and labelled in Bitcoin..but being able to use it as a payment method and convert the yuan cost to Btc and back... yeah if the rest of the world goes with Cryptos, I can imagine that the chinese will allow that sooner or later...

So the short answer is another reason a Chinese man may be happy to hodl coins = time = things change - and tey may well change in Btc's favour.. not such an insane reason to keep and hold coin.

Plus the Macau party boys wil be allllll over it..

 



haaaaaaa haaaaa aaaa haaaaaaaaa ahhhhhhh oh dear... ohh my ...

Oh thanks guys...  some of you are so special you know... special.

Brilliant- keep it coming : )

Tis keeping me from being totally bored at the moment..

Thanks for that .. combined a few of my fave things...  gotta love all things pointing out how much of an odd ball Tom Cruise is... and Christian Bale, great actor...but also more than a hint of nutty in him too.. 

Bret Easton Ellis- great author... and yeah now you mention it I do recall the elevator thang.. great book...  also Lunar park which is   
semi autobiographical is pure genius!

Great bit of trivia thanks.

anyway must go... I have some video tapes to return.

Yeah no worries.. this is Jed's new project (Jed McCaleb the guy that set up MtGox and then sold it)

He is taking on Alpha testers now...

Reckons he is returning to the market with something bigger better

"When I sold Mt. Gox a few years ago, Bitcoin was trading at less than a dollar. Today Bitcoin exists in a new environment. Mt. Gox is struggling to keep up. Now, I am building something that will be better for Bitcoin and better for you. I’m looking for alpha testers. -Jed"

Read more at: http://www.heavy.com/tech/2014/02/jed-mccaleb-secret-bitcoin-project-ripple-mtgox/

Source :(its is around in a few places but....)  

http://www.heavy.com/tech/2014/02/jed-mccaleb-secret-bitcoin-project-ripple-mtgox/

jed-mccaleb

ermm Uranus?

Haaaa love this !

Whereas of course a criminal with your fiat is a ok.

Still here thanks : )

Happy , little bored... all good... how about you guys you all seem very excited? really the price moved noo... I am out.

Is there a brain cell amongst any of the bears on this thread?  starting to have my doubts.. that you guys are actually even real people..probably bought and paid for...

Fonzie I have a question for you if you do not mind...   are you a decent good human being?

OK man... well I take your word for it... but a word of advice... we are the sum total of our thoughts...

think about that in all honesty seriously... because I for one have had cause to wonder this question about you... what kind of man is Fonzie? because honestly trollin and shits and giggles aside... and I know we are all busting each others balls to a degree and I like to come on here for a laugh and bust some balls but also to acutally talk and discuss and maybe learn and  well you know... not just be a jerk all of the time... don't carry negative energy around all the time Fonzie it will kill you and drain the love and joy from your life...

I say here with 100% certainty that some of you are twats, maybe I am one of the twats, but unless you are actually an employee of a PR company working for Morgan then remember that on the other side of this are people, and at the end of the day,  imagine actually if for what I would conisder a very outside chance Bitcoin goes wrong... that actually there will be people that it has an effect on... thats the difference between a person that is here to actually discuss Bitcoin, they are here to , well discuss bitcoin and yeah have some shits and giggles along the way... but  really, as a decent human being, if there is a person on here and they have a position whatever it maybe  and it goes against them, you know it could actually be a real bad thing for them (it could a be a short position)  and basically if you are on here
gloating and prodding and basically laughing at someones misfortune, then I think you need to have a think about what kind of person you are... you seem to have a playful side.. but you also seem to have an imature side..   you know its all fun and games but you are the only person that has responsability for how you behave no one else... and shits and giggles aside, man trust me when I say that trollin and busting balls is all very good... but being a decent stand up guy is a better trait to have , and it will serve you and your reality and experience of life to basically have more... so if you are not a paid employee, then basically , troll away.. do  but know something.. everytime I see your posts they just make me wonder about you.. not Bitcoin.  Basically shits and giggles aside... I think we should all remember what the principles behind crypto are and if you do not understand them, then you have no place... none on this forum, because you are just here to cause annoyance and distress to others... way to be rememberd in life .. honestly.

the people that have been stuffing the average joe , all around the world for a very long time, are the ones this energy should be pointed towards... I do not know about you, but I used to work for a very elite banking firm, but I also come from a rough backgorund, and I know people I know families that got destroyed after 2008,  people that lost fucking everything, as in lost everything , then a suicide and then it was all really lost...   I know who this energy should be targeted towards I know what is happening in the world today, I see the largest ponzi mass transfer of wealth ever in history happening right now, across the globe, and not a Bitcoin in sight... seriously.. I have not ignored you until now... and fun is fun... but if you cannot see this... and you do not know what side you should be on, then frankly I am going to give up  because you offer nothing else but spite and gloating and shit shit shit.. then thats fine but if you are not part of the solution... then you are part of the probelm.. which is sad because that is a choice that you are making.. and for all I can see for what  shits and giggles you love ripple but hate Bitcoin... oh right well if you actually think that way, then why not support Bitcoin and suport Ripple , because if you think Bitcoin going up in flames is going to help Ripple then you are daft..  this is what I am trying to get at.. all this energy, all this time, and you point it towards something you want to see fail.. I cannot understand why a decent rational human would do such a thing... if I do not like classical music, guess what  I do not listen to it... but I not make a point of going onto "I love classical music forum" and try to shit on everyones parade, honestly, I cannot think why  or what would make a person do such a thing even if you felt that people on there are so full of it...   so take this how you will Fonzie.. its up to you.. I am being an open person to you, so take it as you want... but there is another way... you know one that involves communication and understanding and honesty and it is was way way more benificial to the entire planet, when humans go down that path..  I do not know you and I am not judging you, just saying.

An I wrote you that poem and everything bro... so troll away , I would not ever want you to change... but you know.. as a gift from me to you... find a path that is creative, and coperative and helps and gives to others.. that is actually where all of the wealth in the world lives.

My two ripples worth for you.

oh and

CHOOO CHOOOO MF'r!!!!1




 

Not really.. fun is all good, but if you got nothing else to bring to the table but that... then expect to get treated like a clown?

If you have points, data, concerns , ideas , thoughts and dialouge then, then yup bring it on...

If all you have got is childish incorrect premature crap... then do not be surpised when people have enough of it...  


 

: ) Yeah well I have wasted lots of time on lots of things .... chasing the dollar/satoshi being just one of them... when you think about it...
when you are running out of time.. neither $ or BTC will mean much... you leave your fingerprints on life by the connections you make so spending time commenting on life and to a person, troll or not is good with me..

Also I have had a beer or two- I should probably just shut up


chooo  zzzzzzzzzzzz

: ) yeah it was a tiny bit long winded... I had an attack of the verbals

But you see I have no problem with your point...

Personally I do belive in the concept of Crypto/Bitcoin, and I do believe it has very good prospects... and I am a total "bull" but a considered one..  

I also do consider the problems, and risks , and roadblocks,  and infact believe doing so is good and very much needed...no meaningful and worthwhile project got anywhere without a lots of smart brains doing exactly that...and so dialogue and communication is not only needed but in the case of cryptocurrecny -  community is part of what this whole thing is about....

Also actually I think that one of the definitions of insanity is doing the same thing over and over and expecting a different result... Also I am not sure that the choice is a) between educated warmongers  and snotty geeks or that b) there does really need to be a global power shift for Bitcoin to exist.. not to the point where the "geeks rule the world"  I think those are all logical leaps somewhat.

Anyhoo I need to go and collapse..

 



 
 

yeah... my spidey senses are tingling ..

Hey Fonzi... did you check with all of them ?  even the Macau boys?   

meh I have a hangover from hell and I feel like I have been fingered by satan or maybe someone gave me a lobotomy... I am to old for this.

Anyways can anyone give me an update please? any newses in the past 24hrs of note? Mtgox etc

Thanks

edit (kill me now)