I don't think so.

he did some good stuff before.

Wow, price was really stable today, comparatively to recent history. $3 range, it seems. And the trolls are nowhere to be seen/heard. Perfect.

This is it, the chicken formation. Get ready for some epic conclusions!

in less than 12h, we going to have full blast of that cry bitch lamby with her pink horses!

i wanted to see 300$ but i guess under 250$ is ok for me

Don't think we can move up from this shitty price , price going to bottom then bottom , all was thinking else 

We will hit 350$ don't  Sleep OR You Missed the Train

give up. sell everything.

give up. sell everything.

They are discussing here, daily ATM withdrawal limits of 50 euros

BTC-e is down for an hour already and no one mentions it here. suspicious..

Maybe.

It must be a fake done in photoshop. This is a real tweet by Donald Trump. Notice the difference? There's a date on the real tweet, but no date on the fake one. Look at the bottom left of the tweet. That's why he didn't give a link to it, because it's fake.

12 hours...

So, how long do you guys think we'll last below $250? Do you think we can hold on to somewhere between $240 and $260 until sometime October? This range does definitely seem great for buying and HOLDING purposes.

I sold when I see 245$, now I think it's great time to sell. I'll buy again when the price comes down 220-230$ range.

Did the hashrate raise up because mining got profitable again at $300+ for some entity?

me, we'll go back up to test $500 again, for sure.

Lenovo Thinkpad X1 Carbon. Original price was $1800, Amazon discounted it to $1400. I got it for just over $1200.

Ok, all forms of TA and guessing are now useless.  No dump or pump occurred, it just randomly goes sideways within margin of error for no reason.

Did MMM come off pausemode?

There will be no swings, just straight bitcoin appreciation.

I just hate being glued to the charts.  It completely consumes me.

I don't see what's so special about today.  An 8% up day within a wave of a consolidation period doesn't "male history".

$500-600 by end of dec is looking legit

Closed the short at 443. If it dips lower, I will start leveraging long again.
Don't you guys wish you were as cool as me?

feels like sept '13 to me

Up and down. Whales making good money.

 

It has nothing to do with a few full blocks; actually that doesn't ever impact the price. This was caused by Hearn who should be listed as one of the worst people that were ever in the Bitcoin ecosystem & Cryptsy. Hearn basically declared Bitcoin as dead/dying and the media caught it, a fine exaple of a evil and backstabbing person.

Also note the subtext. We had one block found in an hour. It took *three* blocks after that for the backlog to clear. Then we had an hour with two blocks.

An artificially low block size limit means that backlogs won't clear quickly, no matter what fees are in use. The only answer is some stupid bidding war apparently.

The only answer is some stupid bidding war

The run-up from 360 to 380 looked somewhat weird, have a feeling its not going to last that long and 350 will be retested again. Just seems way to easy for now.

This sums up the problem that all of the "blockchain instead of Bitcoin", Keynesian, part of the problem people have with Bitcoin. That and the fact that they can't centrally manipulate the value.

Inflationary currencies fail. Every one of them.

Sorry, but this is really good. Just a big share. IDK. BAH.

Isn't it?

https://medium.com/@BitFuryGroup/keep-calm-and-bitcoin-on-4f29d581276#.89z3s67sc

By Valery Vavilov, Co-Founder BitFury

CONCLUSION

I believe in Bitcoin. I believe in the Blockchain. I know that the vast potential is just being realized. We wish Mr. Hearn all the best as he commences his work with our friends at R3CEV. It is important that we respect various input but simultaneously resist the temptation to give Mr. Hearn’s voice too much weight.

Bitcoin is not an instant payment network and not a fancy replacement for PayPal or Visa. It is first and foremost a decentralized system, which sacrifices speed in favor of security. A key feature provided by decentralization is permissionless entry for users and developers — and it is thanks to this component that Bitcoin has grown into much more than a currency and has become a platform for Blockchain innovations.

Most importantly, Bitcoin is a new world created for anyone — especially for someone like me — who didn’t grow up in a world where “trusted emissary” was a reality and the idea of “asset security” was something other people in other parts of the world enjoyed.

I believe in Bitcoin because I believe in democracy and I believe in open societies. And as Winston Churchill once said: “Democracy is the worst form of Government, except for all the others.” Open source projects are not perfect, but they unite the best and most innovative thinkers, and I am honored to be a part of this mission.

Not really clear why people leave quiet coins there in the first place.

Somebody needs cash huge Manipulation going on.

And now for something completely different: something tenously related to trading



Note how the volume pattern changed on OKCoin after the last drop. Before the drop you could see the day/night rythm proper of China's time zone. After the drop there is nearly continuous activity, around the clock. Robot traders frantically proping up the price is not a far-fetched possibility...

The volume pattern before the drop itself was different than what I remembered from 2014.  Then it was smother, more sinusoidal.  The one you see on the image above has strong daily peaks that decay abruptly. Maybe some bitcoin ponzi in China updates his webpage once a day?

Been out a week and what do I come back to? Oh...still talking about block size.

Here's something interesting for a Wall Observer thread.

Comments on my TA?
-snip-

Nobody wants to replace debt. There will always be people willing to sell their futures into slavery. The credit cards are in no danger.

None are more hopelessly enslaved than those who falsely believe that they are free.

There are those who would say this to you:

Pay up or use PayPal.

Intel: Chips To Get Slower
http://qntra.net/2016/02/intel-chips-to-get-slower/

sry gavin

In the near future not regressing in performance will be the hope.

and what does segwit mean? i hear a lot about it but i dont know what does it mean

Transactions have inputs and outputs. Inputs reference other transactions' outputs and also contain authorization to spend them. This authorization is called "signature script" that contains a few bits of data with signatures matching public keys declared in the outputs.

Generally speaking, these signature scripts are called "witnesses" because they only demonstrate that tx is authorized by actual outputs' owners and do nothing more about it.

The idea is to move witnesses out of transaction hash and include in a separate tree of witnesses committed to the block. This is because mostly full nodes validating the entire blocks need this data, light clients may consume transactions with merkle paths without any witness data.

SOURCE: https://www.reddit.com/r/Bitcoin/comments/3vs524/eli5_segregated_witness/

I've never had any delays or other issues sending bitcoins. What is your problem with full blocks?

Miners get paid 25 BTC per block. if hald a million people want to send some coin on the same day, they can't all do it, no matter how high the fees are.  Higher fees kill marginal transactions. marginal transactions are where the growth comes from.

Just got home to see I missed the action by minutes.

No one else here? I only see Chartbuddy.

Wow 2 nights in a row. Just got home from the bar to see I missed the action again.

Maybe it'll still be low enough in the morning to buy the dip.

>>>Don't ever go to a bar no more!<<<

That's like telling a fish not to swim.

>>>I'm having a coffee trying to recover from both a sleepless night and a misty morning with low btc
  price<<<

I'm having dinner trying to recover from a night of drinking and hoping I'll still be able to buy BTC below $220 in the morning (crack of noon EST). No chix tonite. Maybe I'll wake up early.

Not looking good so far.

They last updated it in January 2015. Most people said that it usually takes a year from the last update so I figured it would have gone through.

Maybe they shifted focus to Gemini and aren't pushing the political buttons needed to get it through.

bank of the england based in the falkland islands with their tungstein filled gold bars ---- sure ya have supercurrency, we believe ya:


Telegraph's Evans-Pritchard: Bank of England to Launch Bitcoin Rival

Read more: Telegraph's Evans-Pritchard: Central Banks Beat Bitcoin At Own Game With Rival Supercurrency
 
http://www.newsmax.com/Finance/StreetTalk/bitcoin-digital-currency-virtual-payment-economy/2016/03/14/id/719027/


better rush into pms before get wacked by the not doing anything about bitcoin scaling while keeping bitcoin pumped .

Chartbuddy has ragequit.

Get used to it.

This is a sign our world is going to collapse. The next 3.5 hours will be critical.

Maybe someone can program another chart bot buddy?

Good morning, stouthearted Sirs!
Tyrannical chains of gravity remain unbroken, I see?
Chin up!
If Mr. Keynes (Glory be His!) meant for you to explore our universe's outer reaches, He would have given you brains, not Bitcoins.

Good morning Bitcoinland.

Here we go again. Stuck at $430.



Isn't it just about time for the next leg up?

Wanna bet on that?
I'm ready to bet whatever amount you want (under 10 btc cause I don't have more to bet xD)

Not during a trading range of $1

Why's the price gone back down? Is it because when ethereum goes up bitcoin goes down and the ethereum dump is over now, or is ethereum doing a dead cat bounce?

the next 24 hours are absolutely Critical absolutely

I don't want to bet on that. But I'll remember your post and if we'll not be close to 600$ by the end of May I'll pay you a beer (in BTC).
friends in either case though 

Smart money get out of bitcoin from time to time. But they don't get in fiat. They get in gold. That's why they are smart money.

The dollar was used in over $3 trillion in theft by the US government alone in 2015.

Fiat is used much more for crime than bitcoin for now.

BFX down again 

I'm telling you. This rally is over. Dread Pirate Roberts messed up big time. This will not end well.

If you saw a full version of the Cogwheel Earth chained to Bitcoin cover, on the coin there is the infinity sign/symbol and the pyramid with the all seeking eye on it.  

*Edit: They probably own a big amount of coins! That makes them feel confident they can control things...

LOL  

You owe me 60 seconds for the time I just wasted.  
_______

@ bobabouey:

You owe me 60 seconds too. 

Good morning Bitcoinland.

Creeping slowly up again.



Back over $700 soon?

Good morning Bitcoinland.
 
Up a little since yesterday I see.



Back  over $700 soon?

Good morning (or should I say afternoon?) Bitcoinland.

Pretty much the same as yesterday.



Calm before what kind of storm?

Yes, but it may not storm immediately. The day of the first halving was uneventful. It took a few months for the real action to start.

I'm sure by the year's end we'll see the effects of the second halving.

confirmed, bitcoin is going dao-wn.

Some German and Italian banks going bankrupt because of market Brexit panic could start the BIG ONE. Once bail ins start it will be too late to buy more Bitcoin because buying a whole one will be too expensive for most.

https://www.theguardian.com/world/2016/jul/11/the-next-eu-crisis-in-the-italian-banks-needs-to-be-addressed

Italian banks are heading for collapse, it's official.

Don't we have any traders in here that post useful info anymore...? Sad...

Looks like my <650 target a few weeks ago was dead nuts...

And Jay says I have no clue...thanks for the btc Jay and cronies 

Cheers 

I think I may move to Venezuela.

Then I can watch as the bitcoin price goes TO THE MOON!!!

Bitcoin price is now so boring I actually forget about it for hours on end and started picking up past hobbies again...  Wtf bitcoin, you were supposed to be my 24/7 drugs of choice    

The ship is going down, so let's prepare buy-in points. 

This is fuckin AWESOME!!!!! 

 Hope it drops to $300 for 4 months or longer,that'll kill off the farm miners 

Pfff ... Condolence, if you had coins there.    

please select an option at random:

Update from BitFinex:

We identify illicit activity on the Bitcoin blockchain and provide actionable intelligence to financial institutions and law enforcement agencies

Good morning Bitcoinland.

Still in the general range of $560-$580 I see, but threatening to break upward. Current Bitcoinaverage price is $586.

There's still a half day before the 48 hours are up in Adam's poll. It's looking like $580 is a slam dunk. Do we see $590? $600?

Yes. The spike was starting as I was typing. When I started to type my post it was about $580 on Bitstamp and $586 on Bitcoinaverage.

I had a flurry of phone calls and visitors and then I check back and they're both up $5.

Yes I think the Finex panic is done. I'm waiting to see what happens when the banks open after the weekend. I'm guessing an influx of fiat at the exchanges and a spike upward.

not to long ago, at bitfinex's Hong Kong office....



sure thing Ted!

Security of user information and funds is our first priority.
Every detail is analyzed to avoid security holes. We pride ourselves on being the most secure Bitcoin exchange.

They are all inside jobs. MtGox, Mintpal, Cryptorush, Cryptsy, Bter, what am I missing? other than Bitfinex...

EGG-xactly!

Your crypto money is only as secure as whatever the current state of the art cryptography is capable of.

How can elliptic curve possibly be as secure as shipping paper bills on pallets? Transparency be damned!
http://www.wsj.com/articles/u-s-sent-cash-to-iran-as-americans-were-freed-1470181874

If you get blocked by the shitty wall street journal, just Google the following "U.S. Sent Cash to Iran as Americans Were Freed" -no body bothers to do their own work any more , the media has become the best echo chamber ever!

Bitfinex Will Resume Trading and Withdrawals in The Next 36 Hours 

Ask youreself this question, woud you continue trading when Gox reopend without an explanation how they have been hacked..

Do youreself a favor, remove all funds and find a regulated exchange.

http://themerkle.com/bitfinex-will-resume-trading-and-withdrawals-in-the-next-36-hours/

Bitsquare currently has a 1BTC limit, plus it can take a long time to make the fiat transfer. (2 days for SEPA). So its not a real alternative ATM

I got my 64% back.

I'm thinking I'll need to use the courts to get the rest back but it's almost worth $5000 to not have to deal with the US justice religion.

You don't need to report the price to us everyday.... lol

Glad to hear others also like Jimbo's morning posts - I miss the daily coffee update! 

here we goooooooooooo, 520 now! 
pump up that music play it to load
and ready your fiat!

https://www.youtube.com/watch?v=dhebl9oD5Lc

good night you MOFO bitcoiners
tomorrow we take over the MOFO world.

you ready?

On advice of monkey I am short btcusd over the coming month or so.

My own attempt to detach from fiat is not just for myself but to prove that it can be done. And it can. My location or the infrastructure around me is a lot more difficult than it is for most people as I am in a foreign country where I do not even speak the language.

Sure, in places without the Internet it may be difficult. I defer to those places alternatives to Bitcoin.

Telling the first people with telephones that people will not want to invest in these expensive devices that can only be used to talk to a few people who also have telephones that they should just stick with the telegraph because a large majority of folks are not going to put up with such large hassle and expense with so few rewards.

Volatility goes away when those majority of people are using Bitcoin. And the fiat system will go the way of the telegraph.

what is wrong with btc-e? cannot login, also api does not work.

ddos attack again?

can anyone login?

A very early good morning Bitcoinland.

Still no appreciable change... $579 on BitcoinAverage. Waiting, waiting...
______

@ soullyG:

Thanx for the crooked SR agent story link. Fascinating reading.

There's no limit to human greed and sleaziness. Giving someone a badge seems to increase it.

You Ain't Nothing but a Lot of Talk and a Badge

Well we will see in future if BitFinex lied.. I think lots of eyes are on them, inside and outside, it's just matter of time until someone blows the whistle.

ooooh yeah ... i like buildings payment card at the ground.

http://stream1.gifsoup.com/view3/2146805/fight-club-ending-o.gif

There is no 25th month. Your numbers frighten me.

You have to pay to have your savings in the bank.

Ahhhh, good things come to those that wait 

Why is this pumping place so quiet?   

What a lousy $1k?   You're an order of magnitude wrong.

Localbitcoins b& in russian federation...

http://www.coinfox.info/news/6399-localbitcoins-blocked-in-russia

 

Where is my pump!!??  

https://www.finextra.com/finextra-downloads/newsdocs/mercado_bitcoin-_relat%C3%B3rio_santander.pdf

a Santander report on bitcoin. positive stuff overall.

Ok guys, we've been seeing insane predictions since the end of 2013.

$1600/btc... $2000/btc... $3000/btc... even $10K/btc... but 3 years later nothing happens. I believe in bitcoin, but I'm worried about the time frame it might take for adoption to hit a point where we finally pass ATH. That could take a decade or not even happen in our lifetime

Finex spike to 640 and no one cares.

To whoever invested more than you can afford to lose, because you realize this could still be the investment of a lifetime and the reward can be SO VAST that the risk of losing everything seems minimal in comparison.... let's do this fellers

Good morning Bitcoinland.

As usual... $608 on Bitcoinaverage.

Consolidation can't last forever though. Will month end spark the next leg up?

I thought that this thread was about USD/BTC?

If you look at your link, the lead in USD is USD/ETH... , so you are seeming a bit off topic and especially when you are not qualifying your observation in such a way to clarify what you are asserting, exactly.

There's virtually no USD involved with Poloniex. It's not really any more valid than chucking a Chinese exchange in there.

well yeah... actually come to think of it(im sober now)agreed, absolute BS... but hey,it was a fun story eh?! i even googled TFW ..

C'mon Bitcoin, it's October... time to start moving up.

Seriously.

Satoshi, as smart a dude as he is, isn't prescient. At least not on everything. In 2009 we weren't fully aware of the levels that certain groups would go to in order to violate our freedom. We didn't know how far governments would go to spy on their own citizens. Satoshi hasn't been heard from for almost six years now. A lot has happened during that time. Capital controls continue to grow more onerous across the globe. You'll have to excuse me for having strong opinions about the one financial tool we have left which allows us to retain a small foothold of freedom in a world where we are assaulted daily with new forms of control.

If Bitcoin scales to VISA levels of transaction today, it will most likely come with VISA levels of censorship. We should strive to keep the underlying network as robust as possible, because the high speed internet we take advantage of today may not exist in the future without significant controls on what kind of information can and can not be sent. It isn't unreasonable to think that major ISPs could be forced to block all Bitcoin related traffic. At that point it becomes a game of cat and mouse, and the more information we need to share to keep the thing up and running, the more difficult the task becomes.

Efforts for scaling should come as layers on top of the robust network infrastructure. That way we can fall back to the lower layers should the need arise.

I, personally, will not be satisfied with the robustness of the network until it's running smoothly on a global wireless mesh network which is practically impossible to "switch off" or censor. When considering a change which could impact decentralization, we should err on the side of decentralization every single time. Financial freedom is the priority here. Every transaction does not need to be censorship-proof in a world where censorship-proof transactions exist!

My vote concerning full nodes: The more, the merrier.

But yeah, well... ya know, that's just like... uhh... my opinion man.

Financial freedom is the priority here

So there are only BTC1.8k new BTC mined daily. Volume wise we got about:
BTC4k @ Bitfinex USD/BTC
BTC4k @ Btc-e USD/BTC
BTC3k @ Stamp USD/BTC
BTC3k @ Coinbase USD/BTC
BTC3k @ Kraken EUR/BTC
BTC1.8k daily Gemini auction
BTC1k @ LocalBTC USD/BTC

or about BTC20k/day volume from somewhat believable sources

+BTC21MM CNY/BTC

and that's with a stable price in last 3months. Where is the volume coming from?  can't be same people selling to themselves just to pay exchange fees 

But that's exactly why Finex implemented the the multisig with BitGo for easy auditing.. right?  RIGHT??

Q: I don’t believe you, I don’t understand the problem and I don’t really mind. Are you just another conspiracy theorist?

A: We’re not conspiracy theorist and whether or not you don’t get our point it’s in your best interest not to store your BTC in any third party exchanges for too long.
Do you want to be the next Mintpal, Mt.Gox, Bitstamp etc. sad customer?

So, even more if you think we said a bunch of bullshits just bear in mind our golden rule

DO NOT HOLD YOUR BTC ON THIRD PARTY EXCHANGES – BE YOUR OWN BANK

After the initial application in June, the SEC set a 45-day period for comments. It received six — most infamously one from Bitcoin critic Jorge Stolfi in July. The Brazilian computer science academic referred to Bitcoin using terms like “ponzi” and “penny stock”.

Weekend pump incomming!

Buddy, I feel you are right, but I can't find the facts that backs your saying.

Could you please elaborate more about this ?

Totally agree, could you please tell me how they will get more money from approving the COIN ETF ?

jam traffic on monday ?
that's new ...

WTF are you talking about?  We are only $6 below the recent high and still $20 above where we were a week ago.

What world does this guy live in where most exchanges charge 5%?

...offers big discounts to clients moving large volumes...

the supposed free flow of money

Once it comes to life, the Bitcoin ETF is likely to be a major revenue generator for Gemini.

Since it is so dead quiet in here (that would have been a lot a Chartbuddy's in a row), I share this article I coincidentally ran into. Think it is well written:

http://moneymorning.com/2016/09/09/why-the-first-bitcoin-etf-could-double-the-price-of-bitcoin/

While it's still possible the SEC will reject the Winklevoss Bitcoin ETF, it's far more likely it will be approved. And the SEC must rule one way or the other by March 2017.

So once the Winklevoss Bitcoin Trust launches, it will need to purchase Bitcoin to back the shares it has sold to investors. This fresh inflow of capital will kick the price of Bitcoin higher.

I doubt it.

If you operate a backed currency you're far more efficient using a secure SQL server as the banks will soon find out to their cost once the "we're blockchain friendly" bandwagon gimmickery has worn off.

The whole point of a blockchain is that it's designed to support peer-to-peer, unbacked tokens. Ergo, it's not much use for transporting non peer-to-peer, backed ones. Even if it does shave something off their clearing expenses it isn't going to change the nature of their money which will still require willing debtors to queue up and underwrite it with their future labour. (And those are in increasingly short supply).

Andreas summarizes it quite well in his recent talk in San Francisco: "The first instinct is to fix them".

Weekend pump incomming!

Good morning Bitcoinland.

Still creeping up I see... $669 0n Bitcoinaverage.

Let's keep this rise nice and steady. No skyrocket and fizzle, just a smooth ramp up.

Okay, I realize there's no smooth ramp with Bitcoin but at least we can hope for a less extreme roller coaster.  

you guys want bullish news? how about this. no joke.

this company:

https://en.wikipedia.org/wiki/Swiss_Federal_Railways

a state owned company with 33k employees and around $8 billion turnover p.a. starts selling bitcoin in all of switzerland.

https://www.sbb.ch/en/station-services/services/further-services/bitcoin.html


here you have - out of the blue - the biggest seller of bitcoin worldwide. a federal railway company. 19th century tech my ass...

>$830 --- 6 Noviembre

If you look closely at the picture and the graph, you will notice the artist used the outlines of the price graph as the basis of his picture. Look at the waves and where the head of the Bearwhale is. The slaying of the Bearwhale marks the beginning of the end of the big bear market in Bitcoin.

"If we want things to stay as they are, things will have to change." (spoken by Tancredi)

"We were the Leopards, the Lions, those who'll take our place will be little jackals, hyenas; and the whole lot of us, Leopards, jackals, and sheep, we'll all go on thinking ourselves the salt of the earth." (spoken by Don Fabrizio)

so funny such optimism and emotion, half this forum already feeling millionaires.

u guys have that look of the deer in front of the car light

china has broken the 6 month high. only thing remaining is the ATH now.

You know we're in a big rally when China is leading by > $20.

I see a slight correlation between these two charts, taken from Bitstamp 1wk with KDJ indicator. The main difference I see is volume, StochRSI indicates to me an overbought scenario, still could go higher though.

What am I doing trying to reason with a #sixcharacterrandomalphanumericusername noob

Huobi volume is fake, it has been for years.

And here comes old dead dinosaur Europe

https://www.cryptocoinsnews.com/european-union-authority-talks-blockchain-techand-banning-it/

Good morning Bitcoinland, slept in a little today.

Still stuck pretty much where we've been for 2 weeks... currently $739 on Bitcoinaverage.

Understandably, conversation around here sounds like a bunch of bored people, a little rehashing of the block-size debate, mixed with random bullish enthusiasm and bearish trolling.

I'll be happier to get back to quadruple digits Canadian (currently $994CAD) but if I have to wait a little longer I won't lose any sleep over it.

November is almost over and it's looking like it'll end up where it began. Ho freaking hum.

... member when one coin was 15 cents ?  ... And you where probably looking at it like dog poop in the middle of the sidewalk before dog poop became organic fertilizer for "vegan AF" organic farmers in California??  

https://www.youtube.com/watch?v=ndI9vkgw_1Y

snip

150k per coin soon

I fully agree with that. While it was over $1k 3 years ago, that was an artificial high.

Follow the exponential rise from a fifth of a penny in May 2010, through dime later that year, a dollar several months later, bubbling up past $39 in the Great Bubble only to settle in at over $2 later that year, then less than half a year later setting a new ATH at $266 during the second major bubble, only to drop to $50, and then reach $1200 during the 3rd big bubble.

The peaks of the 3 mega-bubbles all rose above the trend lines and were quickly brought back down to earth. Since then we've been substantially below the trend lines and are only recently recovering. The 2014-2015 prices in the $200s were as much an anomaly as the prices in the $5-$10 range were in 2012.

Of course Bitcoin is undervalued now. We have a lot of catching up to do.

Maybe, but let's not forget that in 2012 volatility seemed to be done also. Then we had 2013.

I don't think we'll have quite the volatility as we had during the 3 great bubbles (or even last spring's micro-bubble) when it rocketed up in a few short weeks and plummeted just as quickly.

Hopefully the next bubble will take several months (or even years) instead of just weeks. The fractals of the bubbles are remarkably similar, but they are getting taller, longer, and with longer intervals between them.

Eventually one of them will be where the s-curve goes "vertical". Then the exponential growth phase will be done and the price will exponentially level off.

The ECB has refused the Monte Dei Paschi Di Siena bank extra time to raise money to avoid bankruptcy. That means the bank will have to be bailed-in with some of its own depositors money before the Italian government can give it any bailout money. The EU rules won't let a state bail out a bank before its had a bail-in. A bank bail-in will be bullish for Bitcoin, and it's on the cards.

http://www.forbes.com/sites/francescoppola/2016/12/09/monte-dei-paschi-the-agony-of-italys-oldest-bank/#41693e027436

I always deal in cash in person, on principle. I want as little middleman involvement as possible (banks, other third parties) and I don't like "paper trails". Personal privacy is one of my big issues.

Hey kiddo! Exciting time in the world right now. Exciting time.

Hold on to your butts.

toot,toot

It's still Adam's thread, but not what it was without him.  

I would love to see him back, and he ought to be (preferably off the leash and speaking freely of course).
I left to go to the other thread too for a while, but it's a shadow of what this thread was.  It's still not like it was here either without Adam and the likes of chartbuddy, though - so it's a shame.

Anyway, I wish him and all the Wall Observer Massive (past and present) a Merry Christmas too.  

Us old timers would think that with bitcoin at an almost 4 year high, it should be fluctuating wildly. Up 20% one hour, down 30% the next day, that sorta thing. But the price for a long time now has been ROCK SOLID. It's climbing, but slowly and steadily.

Just proves, once again, that Honey Badger don't care about anyone's expectations.

So my question is how influential are Adam's wall threads on the market?  Was the settling of the brief uncertainty as to whether we were going to a new thread, to carrying on with the old or both the sign the market needed to have the confidence to start buying in earnest again?  Will Adam's decision to go with the new the sign the market needed to no longer worry about going below $50?

Thank you Adam for rescuing the Bitcoin market

On an (almost) serious note, thanks for flipping over to a new thread and for opening it to off topic too  I hope the new influx of bitcaintalk members (and us lot who may sometimes be prone to just post anything) won't make it impractically unwieldy too quickly.

OMG. I come home late last night to see it over $800. I come home early tonight and it's up over $850.

Dare I say CCMF?

What will I see in the morning?

It is starting to feel like 2013...

Anyone see Brian Kelly on fast money...? "Blockchain technology bigger than the INTERNET!"  

https://mobile.twitter.com/maguraaa/status/812433256666845184

2017 will be the year of the blockchain...buckle up!

Cheers bitcoinland

About time

This is crazy.  I feel like I should sell some coins and buy a house or something.

I keep forgetting that I should set limit orders in times like this.  Would have loved to catch that spike on Finex but I was just taking a nap...  I guess events like these are why you tend to be glued to the screen 24/7 ...

It is hard to believe that Chinese government thinks that Bitcoin can be real threat to yuan at this point. Bitcoin is not even used by 10 millions of people worldwide, not to mention Chinese citizens.
I don't know every time we have pump and later dump, people are seeking second bottom and hidden reason for price decline, while in reality it is market correction.

This sort of discourse is why I love this thread.

Sorting through the memes, Trains/Rockets/Wile E Coyote gifs, chart posts with "TA" which is neither technical nor analytical, completely valueless comments "Is crypto done", long winded dribble, diatribes, plus tons & tons of bull and bear shit - occasionally there is some insightful and interesting discussion taking place.

I really hope it will be activated soon.

Not to be a pessimist, but the chart pattern looks eerily similar to the one that formed back in June/July, just before Bitfinex got hacked.

Wouldn't be surprised if some similar shenanigans were being attempted with Stamp or some other major exchange right now, or over the next few weeks...

^{(again, not trying to be a downer... but surprises do happen, hope I'm wrong though)}

Forget libertarians, speculative individual investors and Chinese savers trying to spirit money overseas. The reality is that professionals armed with cutting-edge technology now drive as much as 80 percent of bitcoin trading, mimicking strategies honed by some of the biggest players on Wall Street. To them, bitcoin is just the latest asset class ripe for conquering with machines.

Similar price I paid for the majority of my coins. I was between 200-300. Not bad.

Finex is getting some volume back? Shorts are at 1yr high too, grab your torches? 

I'm happy for more sideways till mid feb, then moon pls  

Looks like we could still drop a bit more before any big moves up though (roughly, $850 or so)

Obviously it is, and IMHO it is here to stay for a while.

back to $1000

good bye triple digits 

They do see it. That laugh is a nervous one, that covers up a little bit of anger, and feelings of 'missing out'.

BTC-e finally capitulated above //^$1000 lol 

$1000 is holding, that is a very bullish signal.

lol, yeah probably.

What about the whole gets pumped insanely by Cramer on Mad Money and rumours swirled about by suits on Wall St., public money is bewildered, bemused and titillated at crazy valuation volatility but puts mad money in anyway, some early investor techies lose their shit and drop out of rat race, marrying for the 3rd time and going native in a forest somewhere, different groups inside the organisation form factions and start vying for control until open war breaks out and CEO gets fired by the new board chairman appointed by the suits. etc. etc? ... you know the whole tech. IPO nine yards thing.

Don't know whether to laugh or cry reading that,  $10 million for 2 pizzas. lol

I guess it's time for Bitcoin to dump China..

I think we're all wondering about that. If the decision goes against them, their credibility will take a big hit, for sure.

Saying they'd have egg on their faces is an understatement. They'd be a laughingstock.

That's why I was wondering if they were privy to some inside information but not in a position to divulge it, or where it came from.

I guess there's not much we can do except wait and see what happens in March.

in my experience price is obviously not following einstein. schrödinger is the physicist who described bitcoin much more accurately: as long as you don't check the exchanges (=schrödinger's BOX) bitcoin (schrödinger's CAT) is either dead or mooning. it is dead AND mooning at the same time until you open the box.
that is the exact reason why you will find lots of media/blog/forum posts "bitcoin is dead" while you count your stash wondering "are we rich yet" at the same time.

I find it's the ups, downs and sideways

i get it know! PBoC wants the exchanges to pump the price! the exchanges went steaming ahead with no real bitcoins. PBoC caught them with their hands in the (empty) cookie jar. now they have 4 weeks time to actually GET THOSE coins, which means they need to buy them on exchanges. that is why we see the buying pressure all around the globe. on top of that they try to buy on their own exchanges, but of course they try to buy with a discount in their own shops...

moon ahead! /tinfoil hat off

Funny how that wall on Kraken moved from 1000 to 1005 euro's. Is 1005 the new 1000?

I find the absurd bearishness around here to be very bullish.

wow, the chinese managed to invent zero fee trading on local bitcoins??!?  

Who? 

7 green candles in a row on the 2 hour...

Even the daily is 9 out of 10.

Is this Gentlemen?

I actually had somebody say almost exactly that in a bar recently. I was wearing a BTC baseball cap and someone asked if it was a Boston Bruins cap.

When I said no it's Bitcoin, he asked, "Oh, are Bitcoins still a thing?".

He seemed surprised when I told him they'd been worth over a thousand dollars each for a couple of months now.

Most people still don't have a clue. When you tell them about it, it either goes in one ear and out the other, or they forget almost immediately.

Seriously guys, what is this silly fascination with Bitcoin's ATH?  Who cares?

You guys need to dream bigger, and more long term.   

I made a bunch of silly trades and eroded a bit of my profit

I should honestly just HODL.  Pick the prices I am exiting at and stick to it.  My trades are about 90% bad looking at my track record. 
It doesn't help that the exchange I use is has pretty bad liquidity.

IF i repeat IF the decision will come out Saturday in many ways can give opportunity to insiders make a tone of money.... do you see the same picture on that or only i am?

please someone quote me:
the ETF is nothing but trouble for bitcoin. best case: it fails, we crash and recover.

Good morning Bitcoinland.

Still creeping back up.... currently $1182USD (Bitcoinaverage).

Baby steps. Slow and steady.

Confirmed.