People are blind I just repeat for those who don't understand; Do you think it's gonna go back to 230$ today ? Bubble popped and it's coming back to 20$.

It was a well predicted correction (the last couple of days I've been looking for it). I believe $170-$180 is the limit down. I support the $300 jump too; but I am an optimistic person anyway...

We will see a big crash soon.

quite cute to see a lot of early adopters without market knowledge handing over their coins to people who know what they do

Bitmit is closing
Bitmit is shutting down its services in four weeks. Please complete your orders and withdraw your funds!
2013 November 6th

You are allowed to place new orders until November 13th.
If you are interested in buying the site we will publish further information in about 2 weeks. Meanwhile please stay patient.
« The end is the beginning of all things, suppressed and hidden, awaiting to be released through the rhythm of pain and pleasure. Bitcoin evolved from a sore baby to a powerful soldier who is surrounded by a wonderful community of freedom fighters! With your help Bitcoin will be able to defend itself in the fight against all financial systems that are based on debt. But for us it's time to move on. »


We really appreciate your long time support!
THANKS AND BYE BYE!

PS: In the case you want to send us a beer: 1KBbTJ1G1KBJmdqiFbYDRh6KiBwFUWkUis (Thx&Cheers!)

SEPA queue is 6 weeks and started to grow longer in the last week.

I traded vodka last night with some bitcoiners. It was pretty volatile.

Dear Satoshi. Thank you for guiding my hand away from pre-orders of ASIC paid with bitcoin. Blessed be thy blockchain.

With all probability 266 has become a floor. Since you should anyway not take risks with bitcoin (not invest more than you seriously, honestly can lose), now it is optimal to buy as quickly as possible. The price is rising and nobody knows how high it will rise, and even if it collapses afterwards, the new low is probably higher that previous ATH:

2011: $2 low vs. $1 old ATH
2013(1): $60 low vs. $32 old ATH.

Next week the price can be 500, then I would not buy any more, it starts to make sense to wait.

5h old news... Bitcoin.de is going to change the trading (to instant) soon. Fidor bank will actually take over it  They put that on FB:
Der interne Test der Fidor-API hat begonnen Es dauert hoffentlich nicht mehr lange bis der (nahezu) Echtzeithandel auf bitcoin.de starten kann. Wer noch kein Fidor-Konto hat sollte sich beeilen eines zu eröffnen UND dieses bei bitcoin.de eintragen. Das Konto ist kostenlos, bietet sogar derzeit 1,2% Zinsen aufs Tagesgeld und eine kostenlose Prepaid-Kreditkarte von MasterCard. Hier gehts zur Anmeldung: https://www.fidor.de/produkte/fidorpay

Good news if you ask me! 

USD 

The total ask orders is still around 10000B on Mt.Gox, but it increases from 2000 to 5500 on BTCChina. I'm not sure what it means, but could be a sign that BTCChina is going to slow down.

Oh, there are a lot of funny people here. Have you kids never seen a weekend-dip before?

Hint: Log charts.

Is this the book "learn how the bitcoin market works"? =D

Is it bullish that ASK > than BID?

who sells for 400? lol  

And remember, as more and more people accept and use it, it will be more like using a dollar, where things will be priced in such a manner that it won't matter the value of a dollar, it will be, "How much is it worth in bitcoin".  The hardest part about this whole thing is that it's going from the bottom up.  We, as consumers are trying to get merchants to accept it, and the merchants either need to convert, or get their vendors to accept it, and so forth.  If we could get a very large vendor to accept it as payment for something that many people purchase and resell, then we'd really have a decent grasp on the economy...

who wants to BTCet I can make it go up or down?
(using "the force" )
LOLLL!
 /\WEEEEEE!!!

450 new "bottom" LOL  

Volume. GOOG averages 2,085,000 shares. That's per day. That means a total transaction value of 2085000 * $1033.56 = $2.155B/day. Bitcoin's total market cap is barely twice that, and its daily volume pales in comparison.

This is a big reason why Bitcoin doesn't behave like a traditional market - it's thinly traded.

The addition of something like the Winklevoss ETF would likely introduce a lot of that traditional market volume into the Bitcoin ecosystem and things would start looking more like Google pretty fast.

Also, Google has metrics like revenue, intellectual property, and so forth that give analysts a reasonable idea of what the company (and thus the stock) is worth. Bitcoin has no clear path to valuation and that means we run on sentiment. We humans are fickle creatures, so running on sentiment alone doesn't do much for price stability.

postponed to monday after the senates hearing

Says the man with the large sell order just above the current ATH....

China waking up, prepare yourself

He says as a minor correction comes in again...

love it !

I made this one for you, so we can talk again about the wave we ride on.

CAVirtex is getting DDOS'd and is massively lagging. The price is also crashing HARD for some reason.

More and more am I starting to believe that BTCChina is (for a large part) fake.

- Their volume reports are ridiculous. On the 3 minute chart they have almost exclusively 300 btc per candlestick.
- The whole rise-up at BTC-China seems orchestrated. Every sharp rise is nicely crafted into a short dip which then recovers in order to make others believe that it's safe to buy

And most compellingly

- During the crash the volume stays _THE SAME_ throughout. There is a sharp drop, but no panic selling at all! The volume is constant. This does not make any sense to me.
- Notice how every downward candle towards is also attempted to be caugt immediately - many many intermittent recoveries during a crash. It just doesn't make sense.

It's almost as if the whole exchange is scripted to make fake orders to amplify any movements seen on Gox. Zero trading fees would allow this.

=== I'm just speculating here ===

I second this. Can someone wrap it up. The building my office was in burned down yesterday (~10-15 BTC in casascius coins lost in the fire, among other things)... so I wasn't able to follow.

Must be true, cos I drew lines.

Record Highs and Their Impact on Payouts
As many are likely aware, Bitcoin exchange rates have been soaring to new record highs for the last month, and things are really heating up after a mostly positive public senate committee hearing in the US.

During large rallies, the pool sees a huge increase in withdrawal activity, and I'm sure all other pools are the same. As a result, payouts are sometimes taking longer due to a significant number of backlogged transactions across the whole network competing for space in the next block. BTC Guild pays fees on all payouts, which significantly improves the odds of our pool's payouts making it into the next block.

However, please note that withdrawal activity should not spike like this! Users are highly encouraged to set automatic payout thresholds so they are never relying on the pool as a bank. The pool has been forced to move many coins from cold storage into the hot wallet during the rally. This can delay payouts, especially if the hot wallet runs completely dry due to multiple large payouts in a short time frame.

Please take this opportunity to set your automatic payout if you have not done so already! It ensures your coins are readily available to transfer in response to market conditions because there is no reliance on a pool hot wallet.
November 18th, 2013

i had no fiat

You might be the worst trader ever.

Another sell off developing.

Kirk is gone, i hope he never come back

I believe that none of the exchanges surpasses yesterday's high values ($1000/$750/$640) set about 24 hours ago, today or during the remainder of the year, (except Bitstamp at max).

I believe that none of the exchanges surpasses the current values ($700/$630/$600) during the rest of the week, (except for the following hours).

I give 75% probability to the scenario.

Otherwise the common wisdom does not hold, and 2010 is back.

"My prophet is a fool with his one, one, one..."

Well I think you're just having too much fiat on your hands and want to scoop up more coins at a cheaper price. There are many rich wannabe manipulators in this game but I doubt most are very successful at it.

Read the post again, young man.

Upon waking up, I removed 25% of BTC China (world's biggest exchange) bid depth. The guys who have more bitcoins than I do, control the bid depth in Gox and Stamp. When they remove the bids and start rolling, the price moves down however much they like.

This is how it works. Read the post again, so you understand why I wrote it in a byzantine way.

How long do you guys think this rally last... we gonna rubber band a lil more if/or when some drops coins at 4-5am est again.. I am kind've feeling the rest of Nov as a Bearish month.

Now that's something!!!

All bitcoin needs to rise even more now is some deposit haircuts around the world, like the one in Cyprus!!!!

Too big to fail? Kiss my ...

 

Eυρώ ή Δραχμή; Xαχαχαχα

USA and UK are in Debt too you know.  The g'ment thrive off debt, the rich get richer from it.  Watch Keiser report and you'll see that. 

Excellent TA. Only we are talking about bitcoin here... I foresee about $700 mark on mtgox until the end of the day. If not; I'm totally with you and your predictions.

Mining Bitcoin by hand (self.Bitcoin)
submitted 19 hours ago* by C121
I figured I'd calculate how long it would take to mine bitcoin using a pen and paper for fun.
According to some forum posts, it takes 3385 integer operations to calculate one double SHA-256 hash.
These are 32-bit operations, so we'll give a very generous estimate of 10 seconds per operation (we're assuming that you're a numeric genius)
This works out to a rate of .0000295 hashes per second. Not bad, right?
Throwing the current difficulty (609482679.88835) into this calculator gives us an average time of 2,809,786,333,451,380 years to mine one block. Have no fear, this is only 200000 times the age of the universe.
Now, at current rates of 25 BTC/block, and $600/BTC, this gives us an hourly profit of $0.000000000000000609/hr (assuming we're contributing to a pool, since competing with ASIC machines is just unfair), or about 1/300 of a quadrillionth the national (US) average.
What would it cost you to perform this?
One three ounce bottle of Noodler's ink is $12.50, and will write for approximately 33 km. Let's say that you're working in binary, and drawing a 1 and a 0 uses 1cm of ink, and you need to write 2 32 bit numbers per addition operation. That's 2166.4 meters of ink per hash. You can do about 50 operations on each side of a piece of paper. Paper runs for about a cent a page on Amazon, so that's about 34 cents per hash.
At the (approximate) 2,728,647,008,755,700,000 hashes you need to mine one block, adding these two costs together gives you a whopping $3,162,791,285,103,330,000.00 per block, or, if you're keeping track, you earn 0.000000000000474% of the money you spent mining that block (excluding the cost of petayears worth of food and shelter, and assuming the difficulty of mining and the value of bitcoin freezes forver at this moment).
Anyone want to get started with me?
tl;dr - mining by hand is no longer profitable.

I see broken image icons.

The bottom fell out.

Bull trap shutting thight.

wow those are huge!

whats her name 

Anyone wondering whether this is just the shoulder?

I didn't until I saw the post from a month ago about how the price was gonna pass 200 then ramp up

After HUGE public demand I present you a detailed graphic analysis of what just happened:

Our Economic tech. dept. has a legit prediction of what's going to follow:

Someone just posted a huge wall ...

I will strike when you least expect it. Hint: saturday night.

You bears are not helping to stop the rally with all these double bottoms all over the place. The last one has just been formed at 740$ with hardly 2 hours in between.

Now I even feel more bearish. Something is going to happen  
Time to sleep and watch tomorrow morning.


That's my gut telling me. I would do the same with 5-10k coins.

Have we confirmed whether or not there is a Chinese version of bitcointalk?

I want to know whether or not they are aware of the $1k psychological barrier over here.

If you like to gamble it's all good. But I'm just saying, once the hype dies down it's gonna get ugly.

Ahem...and ladies please

like Reddit? no thank you

Meme much lately? That's a lot of screen real estate for nothing.

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

I think you are playing with fire on btc-e. As soon as their backlog of deposits hit, that market is going to fly up. Also there is a mad scramble in China to arbitrage that site, so there is definitely money headed that way. I do not think you will see that double bottom.

But you are in great shape by having fiat on btc-e.  You are going to get to ride a greater wave north of here than those on the other exchanges.

edit: you MIGHT see the double bottom at 630. But not the one at 400. Absolutely no way. There is so much fiat waiting to come onto that exchange.

Indeed, I am already slowly buying @BTC-E.

I'm going to be very honest with you. You probably should not be trading bitcoin.  If you are worried right now about your 13k investment just cash out and go do something else. You are asking all these questions on this forum without researching for yourself.

If today makes you nervous this isn't for you. Just keep enough that you don't mind losing and walk away. Check back next year to see how it's doing.

it is hard for the normal people to tell the difference between crazy and brilliant.  
trust me when i got into btc at first, people thought i was crazy, now they think im brilliant.
really im some of both, muhahahahhahahaha

btw ch0000000000000000 ch0000000000000000000 mfs!!!!!!!!!

Bulls dont care about feelings 

Perhaps, and I haven't looked into that specifically but I wouldn't be surprised if that was a made-up thing as well. pH regulation should be among the easiest things for nature to handle. Much more difficult is pollutants and overfishing (that is one resource we can run out of, unlike oil). Leave that to Bitcoin. Property rights defined over oceans would end overfishing immediately.

I had no idea climate scientists were so interested in Bitcoin.  This is great news for adoption.   Next we are going to see hair dressers and telephone sanitizers!

Someone's trying really hard to crash the market but most people don't seem to be ready for that.

The wall dance is entertaining though.

Single digits by Tuesday? I'd dare say so.

PANIC!!! SELL SELL SELL!!!

Is BTC200 considered a whale now?

A million traded in a day, not every day.  Or the liquidity for the market to absorb such an amount.  5% of the current holdings would saturate the entire order book of every brokerage, not that any holder that huge would want to do that, but thats not liquidity atleast not towards our market cap goals.  I feel very lucky to have contributed and experienced this, thus far, and plan on trying to make others as happy as I have been.  I started a few cold wallets at the beginning of this year for my kids' college funds to that end as well as some other plans to diversify to some non-believers in the future just to try and get more of the word of mouth around.  I'm not the type that would be rich very long in an ultra rich position. I would want others to experience the joys of a debt free life, or atleast a shot at a clean slate, as well.

If it stays this way, it will show in charts as a record +90% week, so hardly a crash

He's made it clear when he plans to re-enter..why not just let him say he's re-entering himself if he deviated from his plan which I doubt he would do without some major revelation.

I don't think he's gonna time stamp it for us... but he's not all out.. so why is it people try to troll him as if he doesn't have the required BtC to reap the rewards of to the moon scenarios.

Scamcoins are like gambling, poor people clinging to delusions of riches ripped off by those who understand the game.

Good lord.  

I'm thinking he must be a troll. No way anyone can be that reckless.

loving that trailing support wall, now 800 at 950. Somebody is really dedicated to make 1k happen.

waiting to see how many people lined up sell order at 990-999, thinking they're more clever then the next fox. However a whale could be waiting for a huge flood of coins to buy at that point.

Their all valid points mate.



But this jet is running out of fuel, the markets propped up by major speculation at the moment, serious algo-bot trading and pumping up, it's going over the cliff with nothing left under it's feet, and when people realize their buying into the top dollar bag holding club, there will be a change in direction. (in my humble opinion).

I'm not about that at all mate. If I believe that a sell off will occur, it certainly we be thanks to me writing some shit on this forum. I believe a large dump at this rather precarious tip will be enough to start some panic selling. Panic is what I will be relying on, because that shit causes people to sell their grandmothers in the hope of not being left behind.

Waves of money coming in - Fiatleaks showing nearly 7000 BTC per hour - way high, something is coming.

This is not bearish news!

I would say, we're heading to double digits.
1 BTC = 80$ by end of the year.

Yeah, I really considered buying LTC around $2 for short term trading purposes (to get more BTC in the end), because I could see a scenario like this happening, but I basically chickened out (wanted LTC/BTC to drop even further), big mistake.  And even a few days ago I was thinking it could still go up, but chickened out again. Maybe LTC/BTC will still go higher in the near future, but I don't think its a particularly interesting trade anymore right now.

90% correction to double digits

You suck Loaded, why didn you ask me to join in. We could have slaughtered alot more pigs.

That's not the usual macsga quality

Taking into consideration the hash rate, what are we talking coins in existence that we will see in our average life time? minus a small percentage for lost coins.

nobody is getting my BTC for a mere $56,000 each...no way

How about the us debt + the rest of the world currencies?

So European and Chinese people are not allowed to buy gold unless they use dollars? ;-)

Ok, it's an approach, only IMHO it's very narrow in that you anly take into account money that is in circulation.
Then again, I certainly don't know how far bitcoin will go.

Please, indulge!!! 

Here's what I did recently. I took all my bitcoins and put it into an exchange. I then used that to buy litecoins yesterday. I slept.

The next day, I made a sell order for twice the price. I got it, and almost doubled my bitcoins. (I forgot about the trade fees, etc.)

I now just need to withdraw my coins from the exchange, but it won't let me because my account is only 2 days old.

My holdings are very small, so in terms of USD, I just made a thousand dollars today. (I only had 1 bitcoin, it's now 1.999.)

I don't know. Choo Choo?

The real madness will start once Bitstamp hits $1000. $1000 will seem cheap next week.

To be honest, I am surprised bitcoin isnt bashed more in Germany. That country has obsession with regulations and outright bans.

BTW Germany has 85% public debt/GDP and 400% private debt/GDP

Think?

yikes. slooow down bitcoin please. I'd rather crash later than sooner

Gox is being manipulated by Karpeles. He's probably right now in the back of a limousine eating sushi getting sucked off by a bunch of Japenese schoolgirls whilst creating all these fake buy orders bumping up the price.

hope to see you all at the party!
https://btc1k.com/

1 BTC entrance fee? Elitist bs I cancel my coming. I'm not into ferraris and all that...

So funny that all the big guys fear Bitcoin to the bone. Alex missed the train and wants some cheap coins now.
Gives me more time to Mine and accumulate more

I only meant thats what i'm doing.  You can always buy some but i think the price will recover even faster in the future after big sells because people want it. So, no cheap coins.

every day is a celebration

Hey!!! Kαλημέρα!!!

2155 coin dump, $2,5 million, wow.

everybody catch gold BTC parity there?

am I totally behind the times?

airbrushed bums again

I think poes law applies in this case.

With a new vote.. tough one

This is entirely reasonable. I've spent many years trying to beat the traditional markets and diversification is not lost on me.

Besides, if you can guarantee financial security without significantly diluting your position, that is always the correct decision.


I disagree with this. By no means is the price "objectively high", especially if we're using early 2013 data. The run-up started at ~$15 in January, and the bubble terminated around ~$130 in March. This most recent movement started around ~$140 and we are now around ~$1160.

On a comparative basis that makes $1160 seem fair, if not a little on the low side.

It's true that the timescale is compressed as compared to January-March, but the newscycle is compressed also.

My wild speculation is that we're going to camp out somewhere near this price into early 2014, and then we'll have another wild ride around February.

Nah I don't think he is either, I just mean someone with some money to spare saw an opportunity to manipulate the media and they capitalized. Not exactly ethical, and if the media does any research (I know, laughable), they might reveal the news as such. That'd play into their "pump & dump" rhetoric quite nicely.

what about the ones that have bank accounts and promote banks and have money in tax havens.  Oh and also most banks are in a tax have, it's the Square mile called the city of london corporation, that's not even london it's a completely different thing, has different laws and so that's why all the banks are HQ'd there.

Real supporters take loans and slam-dunk buy at $1337

Well we're seeing some action.  Anybody panic sold yet?

Shite this goes fast.  Look at chart, ponder buying, put in buy order without finalizing, look at chart again to double check.   Price is already $100 higher   .

This is important. I would agree.

You guys are great-- you make really good points. I'm glad to be here, and I'm always learning something new. Maybe this is just another consolidating pennant, with a new floor and solid bids lined up? 

i have to agree, ive noticed this ones as well, really nice observations there

Nicely done.  Is that Mathematica?

Now THIS is some interesting analysis.  So much more satisfying that people drawing red and blue trend lines on a chart.  Can you explain exactly what is plotted on that graph you posted back there?  I'm guessing Z is price and one of the axes is time?  What is the other?  Why does it look like there are two different data sets being graphed (smooth vs noisy)?

Looks fun... I'm assuming the rate of loss is all that matters here, not the bets size. So we get a differential equation for the rate of loss related to the amount of cash...

dC/dt = -qC where q is some constant.

Integrating we get delta t = -(ln(Cend)-ln(Cstart))/q

Solving q for 2hrs, 2 = (ln(180)-ln(135))/q

q = 0.14384103622

Now 3h,

3 = (ln(Craise)-ln (135))/.14384

Craise = 207.845

207.845 - 180 = $27.845

Was I even close?  

Edit: I think I can speculate on the answer. With dt limiting to zero you get a maximum for the raise, decreasing to a minimum possible raise for a 60min dt period.

In other words it's not possible to establish a single value for Mr. Magoo's raise, just a function dependent on the number of bets he placed.

Or, perhaps the constant bets size permits you to establish the period...

Damn, now I'm going to have to do this properly when I get some pen and paper. Nerdsniped.

This is the 5th account you have registered in the last month. Why do you need so many accounts?

are you seeing the wall eater at stamp?

1300 coins eh.. 1.3 million+ gad damn

What's price in is that he might be able to dump. All bets are off if/when it is determined that he can and will.

If anyone wants to throw out a good tax strategy for an American, I'm all ears.  I'm dreading having to pay on my BTC profits. 

Ok, you first.

Hmmm, that's actually a really important thought. Anyone?

China/Bitstamp spread has been negative (China lower) ever since the flashcrash 12 hours ago. So the west has absorbed:

- 71% of the losses (from 1.13->0.85->1.05);
- quite a number of bitcoins sent from China.

It is not usual to have China seriously lower. Usually it's either at about even or higher.

I see the news as neutral/bullish, and this reaction quite convincing. $800 will firmly hold.

Away from the battle all are soldiers. - german proverb

Heh, that'd be a double double bottom.

or, they're waiting for the order book to fill up

that's happens when you buy "cheap coins" at 1100

bubble shmubble, it'll be back to $900+ in a day.

+1 - it's bitcoin after all!!!

fucking hell 576! glad I slept through that.

So, will the cheap-coin-walls at Stamp stay?

Market            Last         Volume (24h)   
btcnCNY         5100.0000      148,000.46   
btceUSD         803.0000      120,454.28   
mtgoxUSD      850.0000      115,416.47   
bitstampUSD   788.3700      102,612.91

I am beginning to wonder if I am the only person here who does not live his parents, has a car which cost more than a thousand bucks, a nice sofa and er.... a girlfriend.

Maybe I am not nerdy enough and that's why I have not go as many coins as others seems to have

I'm not sure it's CCMF time yet, but it's definitely bullish.

Or at least more bullish than we've seen since before the bungled "China bans BTC" news fiasco.

wow, so many delusional people over here.

or just too many trolls.

no more choo choo for some time, sorry.

and soon the rally can continue, bids are piling up, this is power, ones again bitcoin shows what it's made of (can you tell that i'm all btc? )

I have to repeat this for the newbies:

I spend my bitcoins. When I look at my history, I should have bought everything I could have last year, then just held onto it. But no one can predict the future, so I use it when it's needed, and sometimes the timing isn't perfect.

BTW it is only 9:56 here in Europe, so all fresh money didn't hit exchanges yet, banks start working at 09:00 so I expect a rally these couple of days, whoever is selling trying to push the price down will definitely miss the CHOO CHOO

+1 

I don't think he gives a solitary fuck about any part of Bitcoin besides the price.