Quick, post some pictures of trains and spaceshuttles!

550!
we're all going to die!
lets get naked!!!!!!!!!!!!!!

If you panicked at 680 last week, could have made like 100/BTC (now)

China gives zero shits

Yes.  My friend called this morning.  I trust her too based on other things God has spoken to her.  It was weird that it was today, the day before the silk road coins are being auctioned.  She knew nothing about that.  I had to walk her through the entire process because she did not even know where to buy coins. I did caution her she might be in for a bumpy ride.  Bitcoin is not an ivestment for those that like a slow and steady ride.

Source?

Again, where is 30,000 coming from? They had 48,013 BTC of bids..

So, they had 16 bids.. (48,000 for 30,000 bitcoin)
 

I guess what matters here is wether or not the 20M includes the obvious 18,000 that didnt win (0% chance for them to win, before results were out). I dont see why it WOULDNT include that.

So, $20,000,000/48,000 = $416.67

he must have paid a premium to get all of them! is that not a seriously bullish sign or is their going to be fear of him dumping them?

No. It might have been nearly level between young, fit men but age a bit, get sick or be a child or female and you start getting power imbalance. Band a few young fit healthy men together and you start having a mechanism for subjugation. Throw swords in there, expensive and rare at the time and requiring, once more, a degree of physical prowess to operate successfully and you've cemented the deal.

Now, throw a few inexpensive firearms in there and suddenly even the weak and unskilled can put down several oppressors without letting their physical advantage get anywhere close. It's a game-changer (physical advantage still plays into things but its importance is greatly diminished).

@potential buyers, If you are interested to wait until it hits $5000, I have a few thousand BTC for sale. Contact me.

This species of primate used to live in families and small groups where old and children were protected; fights were limited by instinct, etc.   There were few things to fight about, and no band would try to "own" everything or enslave other groups, because it simply did not make physical sense.  So, by and large, no group was much better off than any other.

Weapons made the playing field much more unequal.  Those who had swords, guns, bombers etc. could "own" whole countries or continents, taking the best of the resources and forcing millions to work for their benefit.

I should know better than getting into firearm discussion, but...

Firearms give advantage to those who use them first; they make attackers more powerful, but are very poor for defense.  Those who spend all their time, money, and energy to acquire bigger guns will always prevail over those who try to live a honest life of productive work, even if they have guns.  A  machine gun trumps a revolver, a bazooka trumps a machine gun, a missile trumps a bazooka, and so on. 

Several of my relatives and acquanitances have been victims of armed robberies in their homes.  (A student frat next door to my house was robbed a couple of months ago, just after the students moved in.  Frats are popular targets, since the robbers can count on collecting 6-12 laptopts and that many smartphones, at the very least.) Some of the victims had guns.  One was a gun collector.  But not one was able to use a gun for defense; instead, the robbers took their guns too. 

In the typical armed robbery, one household member is made hostage when he/she enters or leaves the home, and is forced to open the doors for three or four bandits, guns in hand.  Usually handguns, but sometimes heavy machine guns.  Perhaps one or two family members could use the house gun that is stored somewhere; but only a totally demented person would try to, in those circumstances.  In all those cases, fortunately, the robbers left without harming anyone. 

It would make no difference if the victims had machine guns, bazookas, or portable tactical nuclear devices in their homes.  The robbers will always be one step ahead, and improvements in weapons technology and availability will only make the gap bigger. 

Even in the Wild West, the (relatively) best way to keep robbers at bay was to have the State nearby and on your side, with the biggest guns available.  That solution has its risks, of course, but by and large ordinary people with governments with guns have always fared better than outlaws with guns.

Netherlands - Costa Rica



Fuck crypto's for now. 

A more decentralised consensus based form of local governance with more resource based focused economy ............. scrap that

4-0  to germany vs brazil in world cup semi's in 25 mins!! wtf?

I wonder how the guy that sold a good bit yesterday feels now that we are $25 higher and still moving.

Crazy dumper is surely a offshore buyer. Buying high offshore, selling low on exchanges. A financial troll. After each dump he's reading the Wall Observer:

I would think that the proposed NY regulations for cryptocurrencies are bad news, that more than compensate for Dell "accepting bitcoins".  So perhaps one should ask why isn't the price falling now.

(Well, you know my explanation for that, and I know that you don't like it...)

What did I miss?

buying at this time (or the last 6-7 weeks) seems to be the best time for any doubtful investor or a new adopter, although I don't see or believe any bubble will be forming soon. I see enough stability and support to trade in the 600s for some time (couple of months maybe).

some would ask why the price is stable with all these good news ? well I think Bitcoin was overpriced for a long time and the infrastructure is just catching up, once the infrastructure will have much more to offer the price will follow and the same thing will repeat, I am just thankful that with all the bad PR (Mtgox, malleability, hacks, china....)  we had this year, Bitcoin is still doing well.


the biggest scenario that everyone  seems to ignore is that Bitcoin is going mainstream, this could mean simply no more bubbles but a strait and slow growth over the years, today the audience is bigger and financially mature, so I don't believe neither expect a 10x price jump in a couple of month. (these were the old days).

Here's a plan that works well in this situation, in case anyone is lacking a necessary plan:  Buy low, sell high.  Now is the buy low part.

Why even bother buying? The sellers will take us back to 580 guaranteed. Just a waste of money at this point to buy anything above that price.

But what if we will see even more dumping after this, do you also pray for that?

Back down to $500. Anyone buying up these "cheap coins"?

Right now every sold BTC can be considered as a loss as the chances to rebuy it for the same or even a lower price are almost non existent.

We all know that Ripple will win the massive adoption race through bank adoption. The best thing to do right now is to buy as much XRP as you can and hold them until it explodes.

Basically it will cost you less than 12 000$ to buy 1/100000 of the network XRP capacity. With Jed new XRP selling commitments this is probably the best opportunity we have to own a significant part of the ripple network.

Oh yeah sure. I'll quote this over and over when we are at 95$.... NEXT WEEK

Yep, you don't see it. And when you see it you'll probably like those people knowing about bitcoin when it reached 1000$ and find that 400$ is cheap....

Is manipulation like this on non-crypto exchanges legal?

Absolutely not. In this short time, "Chuckee" has become an inspiration for many on here and helped them cut their loose before it was too late. I have received several PMs from users asking for my professional insight on the market, and to leave them in this time of need would be unethical on my part.

Comon guys this rebound is not serious, just short squeezes, we need a real rebound with actual fiat, actual coins being bought.
Let the bears take profits on the huge shorts they have, squeeze all the longers that remain down to $400 and THEN will be time to panic buy full retard style  

For now this rebound is as weak as it gets.

Only in fiat no margin, just sold at this double top, i'm rebuying it we break it (have a stop ready).

[...]and dead bitcoin exchanges[...]

But solar power is not free, one has to pay for the panels & electronics.  AFAIK the cost of solar electricity, once the installation costs are included, is still higher than that of grid power.

And you will also need hefty batteries to run multi-kW miners 24/7.

This is very bearish, because bitcoin price needs new bagholders, with plenty of fiat and willing to buy high.
True believers have millions of bitcoins, and a fair amount of fiat, but way to little fiat to pump the price into another mania.

I suppose if you sell electricity at the couture prices to PETA/SCRYPT bagholders you would.  Otherwise, not so much.
That's why real power companies don't run solar cells unless they're subsidized

If the Bank of England publication were to kick off a huge investment (huge for bitcoin, a mere punt for London billionaires & financial firms) - I'm guessing brokers would be called they wouldn't just send £XXX,XXX,XXX to bitstamp - so what would be the first indicators, how soon and how sharply would it show in the charts?

Don't worry. I'm already living it up.

I've been job free since 1976, live in one of the coolest neighborhood in downtown Toronto, have a 50 acre country retreat less than 2 hours away, consort with women young enough to be my daughters and gig a couple of times a month just to exercise my liver.

Sex and herbs and rock and roll!

 

The next 24 hours are critical

yes

i will hold to the bitter end.

even if i have lost all faith now
 

for glory

Feel so sorry for those buying now  wish they understood elementary TA. That shit actually works.. like a broken clock

I have bought some stuff. And i will say it to You dont buy electronics like TV, Phone, Tablet. You can get broken pice or not working. Need to be very careful when You order from alibaba or aliexpress.

It actually opened at $92.

Scammers falling left and right..

Adam, any reason you are deleting random ChartBuddy posts? Just curious.

That is believable.  They are running into a central issue though: if the price falls too far, it takes too many coins to move money.  Forget free equipment and free power, if they are escaping currency regulation: to move a USD, it would take 3x more coins today than in November.  Since they apparently can't repurchase from exchanges, they can only sell a coin once.

In their own interests, I would expect there is a high price that allows them to both gain coins from mining and have enough coins to move a significant amount of money out of China.

FUCK !!!  

what happened guys?  I took a nap and BAM 10% up

What the hell is going on? This shouldn't be happening.

https://www.paypal-media.com/about

Bitcoin Cap:   $ 5,772,986,435   $ @ Price: 433.87   

http://coinmarketcap.com/

If you don't get it, you must let it go.

Some simple things about paypal integration:

1. 115+ million users.
2. 100.000+ merchants
3. 160+ billion transaction vol 2013
4.
5. Profit

What why didnt each paypal user bought 1 btc already.... lmao

Jean-Marie Mognetti, Director and partner at GAJL added: “In addition to digitalBTC, GAJL also established relationships, based on trust and transparency with a limited number of exchanges.  These exchanges - Bitfinex (Hong Kong) - Coinsetter (New York, USA) - have been approved by GABI's compliance department following an extensive due diligence process to make sure they fall within the operational limits imposed by our local regulator.”

there i'm now 100% doge

much potential
very up Up UP
Wow!

this is a joke...

He's claiming people are sending btc to exchanges to pump doge.. that is network transactions, not exchange transactions.

but how?
isn't it the rich people the ones with investments in the stock market?

Give it a few more hours. Even with China now up, we're still moving mostly downwards. BTC-e is way under the rest of the market (a dominant sign these days that the price will continue to move down) and despite some recent buying power in the past hour or two, shorting is still either uncharacteristically expensive (Bitfinex) or trading at a significantly lower price than on the trading half of the exchange (OKCoin).

Hmm do You think btc-e lost the coins and they are lower from the rest ?

Let's be honest with ourselves here: We will see double digit prices this year, whether we like it or not. We might see single digit prices as well. Let's start coming to terms with that fact.

The market moves down when BTC-e is further below the market than usual. When they're closer or even at or over like they were few weeks back for a few days, it's usually a pretty good sign that the market is going to be going up (which it did).

This is turning into a category 5 hurricane though! The aftermath of those usually aren't too pretty.

On hurricane category scale I'd say we're at about at a solid 3 right now.

Panic selling , then at first bigger bounce it will be panic buying... Seems to me that bitcoin market is driven by panic.

True, it happened already, but glitched always to the downside and in a much dramatic way. This one seems plausible (still scary)

having fun?

 

Desperate bullbear.

And yet nobody wants to buy it

Who is to say the wall wasnt there to:

Sell many thousand coins eating the walls on $300 (He sold ~5k)
Sell a couple thousand from bulltards who buy the wall, immedately after placed (He sold 2k)
Remove most of wall and leave a few k behind to get panic bulltard to eat them (SOMEONE sold 3k here)


Rinse and repeat until 40k coins are disposed of.

let's put it this way

if you had about 400g's to sink into internet funny money 2 years ago you probably have a lot more resources and could find Nejc et al if something didn't go right.  last i heard some parts of europe can get a little rough...

he has not panic sold, he dumped about 15% ...

no he did a mini dump to get attention

Yes, sure.  But there was NO volume buying into the wall.  This would have to mean that the big guys have NO fiat on exchanges.  If that's the case, why?

more fun?
 

I own this market!

I see great confidence in this market that is crashing for months and is run by kids from mom's basement.

It´s actually quite the opposite. A lot of exchanges now use maker/taker system, which means that the own who placed his wall actually get´s paid for it cause he improves liquidity on the exchanges. Which makes sense in my opinion. There is nothing wrong with placing huge walls on an exxchange, it´s a free market, if someone wants to buy/sell into it, he can do. If someone is using it to manipulate the price he is risking his stash USD or BTC.

no way he'd be losing a lot more coins then he is buying up anywhere else.

this can't be...

Ask him about fees. And then think twice .

Nonsense.  Long before Bitcoin was a thing, I dreamed of money with wildly fluctuating buying power.
I imagined a world where it took an hour to buy a cup of coffee, an hour to gas up your car, an hour to buy a bag of groceries...  Because math.

This is a nice zone fore shorting for the people who went long around $280-320, it might still go up a bit but I don't think it will hold for a long time.

Dude, it's not a rally. It's whales going back and forth. This shit is not organic, so stop calling it a rally like the community is coalescing around an agreed price or bottom.

BitSwamp has been under the control of that guy with the 1000k ask wall since July ... someone needs to clean his clock and take him out once and for all ...

Anybody any tips on meeting women? I'm turning 45 this winter, have no social life and haven't touched a woman in...well, a long time.

Sure.  Got to have losers to have winners.
That said, today's winners are bigger, tougher and smarter than me.  So for me, trading now is more like gambling.  Minus hookers and blow.
I'm sure I'm not the only one accepting the fact that profiting from Bitcoin stopped being a sure thing.   Like me, these people are cashing out & moving on to greener pastures.
...contributing to BTC's declining price.

Does leveraged short mean the exchanges are lending them money??

We will see 400 450 this coming week.
i will leverage long in the case we hit 350 or 370

No.  I never discuss my trading strategies--mainly because trading is not a cooperative sport.  Anyone who does is likely a fool or a liar.
I did mention that around this time last year, some serious people entered the market--richer, tougher, and smarter than myself.
I also admitted that, around that time, I knew that I was no longer able to read the market.

I'm snipping you for the benefit of those who have you ignored.

So you completely miss my point, put words in my mouth (without telling me what they are), make assumptions based on those words, then proceed to get angry when I look at you funny and go "huh?"

Your problem is you're making a distinction between bear trolls and bull trolls, when they're all just trolls. Now I personally don't mind trolls, but I do find it a bit hypocritical that you never see anyone crying for bans in response to a bull-troll. If you want to avoid being hypocritical, you either are willing to ban all trolls, or none of them (which is my preferred approach).

Just in case I did not make this clear, there is no comparison because it's apples and apples, apples being trolls. With that in mind, how, exactly, does what you are arguing apply?

By the way, calling me names in no way strengthens your argument.

I got an email from Bitstamp earlier during the evening to get my account verified or they will seize it. I logged on Bitstamp after 7 months and I had $2 in it. I, hereby, allow Bitstamp to hand it over to whoever the fuck they will hand over to.

I agreeeeeeeeeee:       CUT YOUR LOOOOOSE!!!!!!!


Either BUY, SELL or HODL.

Interesting fact:  Those debts you're talking about?  They're owed in $$$.  We make $$$ out of thin air because fiat.  We don't even need to print them.
Not a problem

If you want to go long, I don't think now is the time. I'd even consider shorting right now of I was still playing. 366 right now on stamp, I think support is still around 350.

I'm usually wrong about these things, it's why I don't actively trade any more.

i dunno i think it is pretty clear that bitcoin wants to break the 200 MA on the 6 hour chart.  why not just do say 0.25 btc and go for it

worst case eat some rice and beans for dinner  for a couple days... best case.... hookers and blow

The traders making sure their coins don't get worth too much. Imagine that.

you got me, going 10x leverage now.  

Did you buy high and sell low?

If you can hold your coins for at least 1 year, then it's always a good time to buy 

I pretty much only buy. Rarely will I use my BTC to purchase something without replenishing those coins. Are you saying that hero members should no longer be on the forums? Or that rich people shouldn't need to follow bitcoin prices? Or something entirely different?

Either way I have a very large stake in Bitcoin's success and it is currently my #1 or #2 hobby (depending on whether or not I'm vacationing away from home)

why is today a good day to die?

No.  I did tell you that only poor people need to look for a job.
Now I'm also telling you that you yourself need to work on reasoning and reading comprehension skills.

There are no blockchains with the same properties: The property of block history will be different.

A large part of why Bitcoin must be considered experimental and dangerously volatile now, and for a long time to come, is that the trust model it proposes relies on building a history of flawless operation. No technical innovation can create this out of thin air, the only way to build it is by letting the system run and see what happens. The longer Bitcoin keeps working without being overtaken by an altcoin or succumbing to some flaw, technical or political, the greater its perceived reliability becomes.

There are a number of questions the Bitcoin system is seeking to answer right now, like what economical effect will the distribution model chosen end up having. One such question is: How much security does first-mover advantage provide in the crypto space? The only way to really find out is to wait, potentially forever. In the meantime, people act on their expectations.

Lol, Bitcoin is the slide ruler in the age of smartphones--a clumsy dinosaur.

If the cops had any brains they would set up a dozen fake tumbling services, with unbeatable fees and spiffy interfaces; and quietly close or co-opt the legitimate ones.  But fortunately they are nowhere as smart as the typical users of such services.

Do you guys seriously believe there is significant commerce in Bitcoin besides drugs and gambling?

I used to use it for some internet things, but it really is far too scary how much information you leak on the block chain (information that will get more easily and more successfully analyzed as interest and sophistication in methods increase), so nowadays I actually prefer to use PayPal and banks. Because even though they may know everything about me, they are corporations and want to continue making money, so they have a stake in not sharing my data with anyone they don't legally have to, because otherwise they'll get fucked by Uncle Sam.

Basically, I'd rather have the NSA and a few big corporations know everything about me than a hundred thousand thieves and low lifes all around the world so they can target me.

https://twitter.com/melbournecoal/status/540948814790938625

Tim Draper, who swept the first Bitcoin auction in June, says he won just one block of 2,000 Bitcoins in yesterday's auction.

Wall Street Journal:

"Tim Draper: I am pretty impressed that my bids that were 15% above the current market weren´t successful. However i am going to market buy those 50k on BTC-E, like NOW!"

http://online.wsj.com/articles/tim-draper-dissapointed-that-he-lost-the-second-auction-1417471759

 

Thanks for the confirmation!

Bids received - 104
BTC quantity bid - 124,127

SecondMarket said its syndicate received 104 bids from eight bidders

There are 20-30 Boost companies, they plan on giving them each 300 BTC. So, Draper would need to go into the market and, over time, accumulate another 4,000 to 7,000 BTCs unless he dug into his own stash (if that stash exists, still).

Certainly not a bearish point. Spread over time it is a small point, though. I think it was a PR play to make Bitcoiners look up who the Boost companies were and how many there were.

https://www.cryptocoinsnews.com/adam-drapers-boost-vc-focuses-bitcoin-fund-20-30-new-bitcoin-companies/

Other way of calculating -- if you go straight through Boost VC, it looks like there are only 12 Boost companies, presently. However, the article above states 20-30 so I'll use that as the baseline.

If you have not made money shorting this year, you are doing it very wrong

Spoken like a true belieber !!
I never said anything about double digits, just that making money shorting this year was not exactly hard, and it did not need perfect market prediction. All you had to do was sell and wait. And then short too if you felt like it for extra lulz

With our current behavior the Earth can't even sustain 7 billion people, so first we need to grow up as a race and change our ways and only then we can say the world is not overpopulated anymore.

If one bidder does not pay by the due date (today 2:00pm EST) , they will have to notify the highest bidder who was left out of the first round, and obviously give him a couple of days to wire in the payment. 

So it may be that one of the bidders who won a 2000 BTC block defaulted, and the USMS has transferred the 48 000 BTC to those who paid, and didn't bother to split off the 2000 BTC chunk yet, waiting for the next bidder to pay.

By the rules, each bid form could bid for any number of 2000 BTC 'A' blocks, all at the same price, and any number of 3000 BTC 'B' blocks, all at the same price.   So, a syndicate that wanted to place bids for many blocks, all at different prices, would have to submit a number of forms, each for 1 'A' block and 1 'B' block.  It seems likely that the USMS would want to make a separate transfer for each form received, even if two forms were submitted by the same person.  So that may explain why there are nine 5000 BTC chunks.

My guess is that several of the 5 kBTC chunks were bids by the same syndicate; the syndicte merged those chunks, and now is distributing the coins to individual sub-bidders.

Oda Krell:  

I agree with everything you say here, yet I believe that one aspect that affects perceptions of value remains whether or NOT various entities are engaging in Bitcoin scams and potentially faking the existence of coins through forms of fractional reserve banking (maybe kind of like Gox).  IMHO, even those kinds of scams and rip-offs and corruption will NOT kill bitcoin, but they will have tendencies to deflate BTC prices and affect perceptions of BTC value.

[...]

EDIT: to elaborate further, the problem is that exclusive storage of FIAT on a data structure isn't possible

Because fiat is backed by gold, and gold can't be stored as a series of 0's & 1's as data. maybe?

Sure, no problem.

At that moment you have the same 'wealth' in both FIAT (that isn't destroyed) and BLOCKCHAIN-FIAT.

Then you need an issuer to give you the FIAT back.

This is an approximation
Total circulated fiat in the UK is £90b, and the BOE has 4600 tons left.  So circulated notes and coins are only roughly 30% of gold assets.  I realise there is much more fiat stored as ledgers and not in circulation.  

In short in not saying Fiat is pegged to gold, I'm saying it's backed by the ability to settle a debt with gold should it be called on.

In the UK, the government’s Exchange Equalisation Account shows 9,971,000 troy ounces of gold on the books. At today’s market value (1,054 British pounds) and the Bank of England’s most recent statement on reserve balances and notes (259.5 billion pounds), Britain’s gold supply constitutes roughly 4.05% of pounds in circulation.

1 Ripple = 0.0175 USD.

Is it worth spending a couple of hundred dollars on Ripple incase it explodes?

That's stellar's not ripple's.  Jed changed some code when he forked it....

Is this the post you are referring to? The last page shows the changes he did.

https://stellartalk.org/topic/6698-jeds-technical-explanation-of-the-ledger-fork/#entry67108

Sometimes price runs ahead of adoption (and will eventually get back to reality).

About Ripple (sorry!): people should be aware that "the Ripple network" and "the Ripple coin" (XRP) are two very distinct things (unlike the bitcoin network and BTC).  The banks are interested in the Ripple network, which is being designed for their use.  The banks could use the currency XRP in that network, but do not have to.  So adoption of the network by the banks does not imply that XRP will become valuable, or even survive.   (That is what I understood; please correct if it is wrong.)

In other news, Ripple seems to be doing really well today. Glad I dumped my shares just in time before the avalanche. It wasn't a whole lot but I know better than to play around w/ alts with anything more than pocket change.

i will never understand why people keep making alt accounts that are readily associated with their others. if we know it's you, why change names?

not just here either - i've seen it for years in various chatrooms and forums.

Ambitious

So what did you give your family for Christmas this year, Bitcoiners?

How many bitcoins did you get for them?

Warren Buffet's BH owns 10% of IBM ... yes the same IBM that is going hard on the Internet of Things and 'blockchain' tech.

Join the dots, the guy speaks with forked tongues on many markets.

Technically he is right, as fewer miners slightly delays the block reward, no?

Most cultists and permabulls still live in the basement of their parents' house. And their "salary" is the $5 allowance they get every week, so they don't really have a lot of money to spend on trying to keep this sinking ship afloat.

i am so fucking sad about bitcoin right now  

btw did we hit a doulbe bottom?

i call 300 before friday

Jorge?

They also had VC funding, right? So probably insurance too.

Um, eyeballing the charts, it seems that they had ~90 kBTC/week of trade volume since Nov/2013; about 60 weeks.  Guessing an average price of 600 $/BTC, that would be 3.2 billion $ of total trades in that period. If they charge 1% trading fees (guessing; what is the right number?), that would be 32 million $ of revenue in that period, or almost 30 million $/year.

That explains why they got the 10 M $ investment.  (It does not explain why they would need such investment.)

But their revenue is falling, now about 60 kBTC/week at less than 300 $/BTC.  That is ~80 M$/month of trade volume, 800'000 $/month of revenue from 1% fees

However, we do not know whether they charge the same fee from all customers.  If their moms trade at Bitstamp, maybe they are exempt from fees. 

I have less information than anyone who trades there.  (Is the fee really 1%?)

It does not matter whether a payment (fee, purchase, deposit…) is in BTC or in dollars.  Its value is best measured in dollars, converting BTC at the current market rate.  How that amount is kept after the payment can be considered a separate decision by the person who received the amount.  

That is, if Autumn pays Brock in BTC,  and Brock keeps them as BTC for some time, it is the same as if Autumn had sold the BTC, given the dollars to Brock, and Brock has immediately bought back the BTC.

I have to say your last assumption is incorrect. I, for instance, do believe I'm good at sex but I'll never be a good driver for one simple reason: I'm a woman. 
That's why I need bitcoin to rise to the moon - so that I can buy myself a car with a chauffeur included.

Love the technical look of things. Someone buying along the exponential moving average like clockwork. During the downslide it was the opposite.
-snip-

I say this is a reaccumulation/bullflag before another test of $300, which will likely break. Next stop $320.

of 2013

This is like $1000 but in complete opposite.

Yeah BTC-E has gone full retard

CCMF

I occasionally hear that marginal trading and leveraged is bad for Bitcoin, can someone explain ? I don't know about trading stuff, just a hodler.

who cares if bitcoin dies, crypto can still be done the right way, just regulated and not pump and dump scheme.

believe it or not a currency needs trust to work.

$165 in Stamp... seriously... if you're still holding bitcoins, you really need to get out soon unless you don't care about losing it all. At some point, the exchanges will probably halt trading and you'll find yourself in a position where you essentially can no longer withdrawal your coins for cash anymore.

So which one of you tools sold at the bottom?

When I see the data regarding shorts, I see the past 1 hr and the past 24 hrs - is there anywhere that shows that overall short vs long leverage positions?

I'm retaliating for this price spike by putting all the bulls who've been proven correct on my growing ignore list.
Don't bother replying bulls, ignored

can someone dump already?

i'm ready to buy on margin  

https://www.bitfinex.com/pages/announcements/?id=31

What do you guys think about this "tether" thing ?

Transparent

Tether currency is 100% backed by actual assets in our reserve account and can be viewed and verified in real-time.

I wonder what it would be @ when 0.5% of internet users want a coin but can only get 0.14357750366891372239957301007592 if they all got a piece of one

total btc supply / (2014 internet users * 0.05)
21000000 / 146 262 467.75 = 0.14357750366891372239957301007592

2,925,249,355 x 0.05 = 146,262,467.75

21,000,000 btc / 146,262,467.75 people = 0.143578

For shits and giggles let's say tomorrow we get 2 announcements, one that the Bitlicense is ready (and it looks good), and the other that the ETF is officially approved. Speculate on the madness that ensues. 

Is it time?   Bought 26 at $210 and saw it go straight to $203.  

Now $213, maybe I should sell the news?

pumps are real

huobi out of coins soon  

That infographic is a masterpiece of misinformation.  Casual readers will think that the "23 billion USD (57% increase)" is usage for e-payments, but it is either the blockchain traffic or the trading volume at the exchanges.  BitPay has not released any meaningful numbers about the usage for e-payments through them.  Analysis of what seems to be their incoming wallet shows about 1000-2000 BTC per day, constant since mid 2013 at least, which may be miners paying their bills.  Excluding that component, BitPay's traffic seems to be a few hundred BTC per day, which would be perhaps 50 million (not billion) USD in 2014.  So, their unwillingness to post actual numbers is not surprising.

Also, needless to say, all of the companies that they list as "accepting bitcoin" infact do not accept bitcoins, only dollars.

Of course.  The currency that they accept is one thing, the means through which they receive the currency is another thing.  Last time I checked, Dell USA accepted only dollars, but you could send the dollars in one of several ways: PayPal, credit card, bank wire, old-fashioned checks, -- or BitPay.  Likewise, Dell would pay refunds only in dollars, even if you paid with BitPay.


Either PayPal will do the conversion to dollars and send dollars to the merchant, like BitPay does; or most merchants that accept payment via BitPay will not accept bitcoins through Paypal.

Nobody is saying that you (or bitcoiners in general) are pedophiles, I'm just saying that the thing is out there.

http://www.bloomberg.com/news/articles/2014-10-09/bitcoin-payments-by-pedophiles-frustrate-child-porn-fight

Question would be, which of the two is easier and more convenient to use for child pornographers?

What's going on here, gentlemen?  I leave you on your own for a few hours, and you start ...what is it you call it?  Wilding?
This doesn't foster trust, gentlemen.  Not at all

Name:    NotLambchop
Posts:    7222
Activity:    364
Position:    Sr. Member
Date Registered:    March 05, 2014, 02:01:27 PM
Last Active:    Today at 08:05:19 PM

How many are gonna be buying in over 300 THIS TIME ?? Goodness grief, over and over and over.... it works every time, why should the pumpers stop. Whoever came up with that line 'there's a sucker born every minute' was genius 

*30 ... so ... not quite 2 grand last month gain ... but getting there ... if 300 happens ill be happy to have the 2K+ profit since start of february ... so ... yeah ... i've done as well as can reasonably be expected from someone who's not already a multi millionaire with cash to burn and move markets ...

Spoiler: but freedom is regained.

trading bitcoin and trolling here is better than drugs

That been said. Bitcoin isn't Gold, Steel or Cement. In theory an ETF (or similar) shouldn't be necessary. I understand that a lot of investors like to work that way, but it's kind of odd when they just as well could open an account on Coinbase and trensfer it to a Trezor.

The triangle seems to break to the upside. But no major pump yet, hmm...

I think they were bought at ~180-200$, so there will be a dump. Even Draper hinted that he has bought his stash below market, but fools cannot learn that there always was a huge dump after every past auction.

Yep


Gogo, bulls, touch 283 before getting rekt by huge post auction dump to low 100.

I appreciate the fact that they are trying to pump this failure again.

I mean, why wouldn't you facilitate a smooth selling experience for the whales that just won the auction ?

I suppose you didnt get the memo?

Nah, Peoples trust and use of bitcoin will be seperate to that cap. However, dreams of hlding a $32K or $4.4m Bitcoin are as concrete as an arbitrary line of code.

Also, the rules are pretty explicit in saying that this can be changed - with consensus. The move from 1mb to 20mb blocksize is technically far more complex.

Thread retarded again, shit's gonna happen..

Why so eager to get them? Have patience. It took 1 year to fall 70% remember?
You'll get your double digit coins son, give it time and have some faith.

Ehm... no, since they make a slightly worse ROI with their coins than what they were doing when it was at $1000-$500 or whatever.
They are still making a good ROI nontheless.

More than 200k coins have been mined since the $150 bottom. More than enough to send prices to low double-single digits in one click on all exchanges combined (theoretically) if you look at the money on orderbooks. Of course I'm not saying that's what will happen, I'm just saying think about it when thinking supply/demand for BTC.
How do you like that?

^What should *I* say? I was not promised $10k coins, they told me $300k coins were a sure thing!

^
I was promised $10k coin tho.  Everyone was super sure about $10k coins, so I just borrowed $ @10%/week from this guy I know & went long.  How much longer do you think this is gonna take?   Because I don't think I can stall him much longer, and he compounds

I don't think so, I do not know you, but if you believe in all you taught in the school system and go to work everyday, I believe you are in controlled modern slave, and you are in that case more deluded then I will ever be

Yes, but only after dropping to single digits.  

I explained how in that post; it is nothing new or complicated, it has happened a couple of times already, and is often proposed (incorrectly) as a defense of last resort against an "evil" mining majority.

The kid gets a copy of the software, makes some cosmetic change that clearly distinguishes messages of his clone from those of the original version after a certain block N, and lowers the difficulty by fiat in the clone after that block so that he can start mining  on his laptop.   After that block, presto, every bitcoin in existence gets a clone in the kid's chain, that can be accessed with the same keys and moved (spent, sold, etc.) independently of the original bitcoin.  

Whether bitcoiners will be aware of the existence of those "kidcoins", and will choose to use and/or mine them, is only a marketing problem, not a technical one...

Indeed, and those historical examples are a strong argument for centralization of mining being inevitable.  But while centralization is bad in general, it is a fundamental problem for bitcoin, because "absence of a trusted third party or central controlling authority" was supposed to be the goal of the project.  As bitcoin gurus themselves concede, a mining company or cartel who has a comfortable majority of the hashpower can control the system, e.g. by starving miners who are not part of the cartel, freezing any account that the cartel feels like freezing, etc..  Right now, one must trust that the 4-5 largest miners will not use their power for "bad things"...  

The security of the bitcoin system is supposed t come not just from the technical features of the protocol, but mainly from the incentives that are assumed to convince the majority of the players to cooperate and protect it, rather than sabotage it.   That assumption is far from certain if a handful of companies has the majority of the hashpower.

down $15 and margin shorts are down and longs up

 

The possibility of a hard-fork clone does not expose any security risk, it is directed against the "scarcity" claim.

snip

I don't know what you mean by "pegged".

To a first approximation, if the dollar lost 90% of its value tomorrow, the US would not become significantly poorer.  Everybody woudl still own the same homes and cars and tamagochis, the same bridges and roads would still be there,  barbers and doctors would still serve as many patients as before.  By hypothesis, all prices would go up 10 times, and thus all salaries and fees would have to do the same.  (In the countries with hyperinflation, most people manageto survive somehow).

Such a massive devaluation would have plenty of secondary bad effects, for sure.  There would be all sorts of financial disasters due to contracts with fixed payments in the future, dollars held by or owed to foreign parties, etc.. People would need to carry and use a lot more banknotes when paying in cash.  The devaluation presumably would be due to massive emission of new currency by the government, which would result in wealth being taken from citizens, as a form of global tax on money holdings and unindexed credits.  It is these secondary effects that make high inflation and hyperinflation so bad.

But it is precisely because of the possibility of inflation, money printing, and wild excursions in currency exchange rates that one should ignore the money when evaluating a nation's wealth, and focus only on actual things and services.

Of course, central banks and economists who are interested in the money itself, rather than real wealth, will have a different approach.

I could make 5 figures per month and the recipe could be found in books ? I want to read them from now. Give me the title of these books. Please.

No irony here.

If you've got serious money you purchase the person with the relevant expertise and then you eat them. It's a primitive form of Matrix uploads. Give it a try sometime. It worked for me. I'm now a world class lacrosse player.

Oh, I already did, here in bitcointalk and on reddit.  The replies were the same: "the majority miners will not do that because it would render the coin valueless" and "if they do that, the faithful would move to an ASIC-incompatible clone".

Sorry, but the first claim is terribly naive wishful thinking (just look at how cartels act in other markets, e.g. international banks), and the second "defense" would be just a ridiculous form of economic suicide by a small set of irreducible ideologues.

Always make money.

[img]http://i.imgur.com/RAHZ0ll.jpg

Bears are quiet since you Bulls managed to rise to 260?

Oh dear, please...price is now ~600 below my average sell price (even ignoring shorts and leverage) You guys make me tremble with your 10$ pumps within the 200+

Is it that you folks are hodling since ~1150$, so each 10$ has to relive your wet dreams?

The difference with Bitcoin is:

1. There are people that don't have the balls to get in the new thing, but at the same time their worst fear is that this thing could go to the moon and they've missed the train. So their only chance is to troll. Pathetic.

2. People are trolling because they fear change, especially in connection with technology they don't understand. Pathetic.

3. With Bitcoin some people think, it might be profitable to pay trolls. With bitcoins of course ;-) Pathetic.

For me trolls are no problem, after 1 line of trolling I push the button