It looks it but while the west follows its every move it cant be ignored!

No reason why it should.... but yeah , it might take us even below 0

Right. You must be doing awesome trading.

I think 440-450 is good, but 460~ is safer play

 Is there any evidence to the belief that expansions in the bitcoin ecosystem, services & economy actually increase the price..??

 Seriously, merchants don't need to keep 'reserves' of 'BTC change' in their 'digital money registers' like stores do w/ fiat. They aren't interested in speculating in BTC future price rises either. They're in fact wary of it - they just want the extra potential sales & rep from bitcoiners. That's why they use services like BitPay. Payment re-processors such as BPay also are not interested in hoarding or buying crypto. They just facilitate things by accepting a cryptopayment from end users, dumping it at market (or pretty fast in any case), giving the merchant their proceeds in fiat & keeping their cut in fiat.

 Those customers, the end-users of all these crypto-friendly merchants & services. THEY are the ones implyingly expected to cause higher prices, by buying moar BTC now that they can shop at a greater variety of places w/ it. But who are the vast majority of cryptocustomers..?? ..BITCOINERS. Enthusiasts. Folks who -already- had their stash & don't mind spending out a little of it here & there. Whatever extra BTC they may buy to shop with will be compensated by what they spend - given that the merchants & payment processors will be dumping the BTC thusly received as payment.

 So why in the WORLD is there this MYTH continuing about merchant adoption, growing ecosystem = higher price? Wtf? What am I missing..?

Depends on your perspective. How was it "one entire bear trap" to sell at 995 in January and buy back more than twice as many coins at several points following 2014?

Your position probably is: hold now, or regret it later when we make a new ATH.

A competent trader's response would be: why does being short now have to be mutually exclusive with profiting from another ATH rally in the future?

Chuck Norris   

Another deadline would look as if the Chinese govt doesn't really want to, or is unable to.

So we're through the December ban , the January one , the April 15 deadline , the may 10th , why do people still watch Huobi?

Check their twitter.

https://twitter.com/BitPay/status/465206481474686976

It's not really an announce but it's a hint something will come. And that thing is big =))))
But i'm really worried about how big or small this might turn to be.

In real TA terms we have not reversed but in bitcoiner terms the bear market is over because when the momentum of a downtrend slows, it means the next rocket to the moon is clearly being loaded up.

Actually you are perceived as a bear because all your posts are negative or bearish.

You only perceive the posts as negative or bearish because of how they integrate into your belief structures of the way btc is supposed to trade. However, if any non-btc-iniated rational investor was to hear my projections, they might actual find them to be incredibly bullish. For example  [we're only on a 500% growth per year trend rather than a 1000% growth per year trend] and [if the sky falls we might see as much as a 40% drop but it'll have a sharp rebound and break $1000 in 2015]

When do you guys think the first sell-off will be?
Will it crash from 600-400 then back up? 800-600? 1000-400? Previous ATH?

How do we agree on a previous ATH when the price was different on all the exchanges plus mtgox is gone? There was about a 1-day period at virwox where you could have sold 1btc for 300,000 SLL and sold those for $1320. So did virwox have the highest ATH at $1320? or do we go by bitstamp or mtgox or huobi ATH?

When comparing the "point of maximum financial risk" chart with a standard bubble chart, do we overlap the risk chart twice? Going through all the risk emotions quickly during the first sell off? So we should hit a brief euphoria phase near the top of the first sell off?

I believe we will continue going through these bubble fractals until the public phase reaches final saturation. In the previous bubbles, each time we reach the public phase it doesn't absorb everyone so there is room left over for more bubbles. Bitcoin won't stop making bubbles until we've blown them in everyone's faces.

Don't worry. She is just calibrating her graphs.

Time for some 30-40$ correction? We went up almost 90$ in 3 days...

If we're lucky, yes.

Worst case I can see realistically is that we're at 13 (and go back another time to 400s, maybe high 300s, but won't make a new low).

Lmao.. someone just ate the whole 300btc wall on Stamp.  One click.

April was a bloody mess, literally.

Great to reiterate the graph at the top of the page

Well it aint half nice to wake up to movements like this again. $60 movements over night have me dreaming of November again. Anyone shorting now needs their head looking at, big sunday movements have normally been followed by big monday movements as well. A bank holiday doesn't help and means even more will probably be hitting exchanges Tuesday.

The life of a perma bear must be so shitty.

Is this quick and hard dump is caused by some news I'm not aware of ?

China bans BTC by the end of the month.

This time itīs for real. All exhanges are about to shutdown soonish, 280$ / BTC incoming.

Big dumps are not bullish.

meh, why the panic?

Pump and dump.

Huge Ripple pump, the train is leaving soon.

Glad i didnt get caught in the beartrap & fud

NOM NOM NOM. $630 the first main resistance then ?

And over, where's the it's happening gif?

This is just like watching one of those bubble rallies because there are no coins for sale on the order book.

So, what is going on?  

Isn't that the money that was made from the guy paying BTC10,000 for a pizza?

Wall at 650 is getting bigger.

I see tons being sold.

It's not so much the buying pressure causing the rally, but rather the lack of selling pressure. You can see this by looking at the volume which is very low. This could mean one or more of the following things.

1. Decentralization of exchanges

2. Growth of the marketplace,

3. Increased use of bitcoin as a currency which doesn't need to be converted into fiat.

4. Pump.

I really feel sorry for guys like you, wasting your life on forums talking about a "dead horse".... don't you have anything better to do? maybe a wife to talk with or kids to play with? or simply a friend ? your life must sucks... I cant even imagine.

Check this out: http://arxiv.org/pdf/1406.0268v1.pdf

I think 650 is the new $450. Maybe we are hovering around that for another 4 weeks and than go to $850. I am honest. I'd be ok with this

eBay announced to accept Bitcoin so many times
nothing happened

just another pump

If not for the good news about PayPal and eBay, this would be one of the most boring weeks in Bitcoin's history

Sorry only the inner circle will receive PM from me in advance!
Small Hint: Put your buy orders around 300$

The big players are waking up and making moves

A Bitcoin millionaire has been playing huge on JD and lost 500BTC an hour ago

the whole world is waiting for the game of thrones finale, nothing is gonna happen this week

lets be Realistic bitcoin isnt going to 10K this year

better sell all your bitcoins

I would pay a good amount of BTC for fonzie and his troll friends heads on stakes. This thread would be so much better without their stupidity and ignorance. Hell, the world would probably be a better place if they are that stupid in real life.

I sent the "Bitcoin-Risk-Management-Study-Spring" to all big newspapers in Europe and North/South America. They should be aware of the real dangers of Bitcoin and be able to report to their readers about it, so that they donīt have to write any fictional FUD during the next crash.

so I was looking at finex and noticing this.



top line is drawn on exp chart, bottom line is on linear.

I'm trying to target a buy-in price, but of course I want to wait until I can be fairly certain the price will not go down any further, at least not much further... but if the price breaks down below the linear line, I think it could go much, much lower...

here is the zoom out to see where the lines come from.



these are just random thoughts of course, but Sunday's are nice for me and give me time to think random thoughts.

Hold only if you can take the pain when it goes sub 300or 200$. It might get back to 600$ , but that could take another year or two. The bubbles before have been artificially created by non-existent MtGox USD.
There is no garantuee at all that we will see another ATH bubble. I have to say that we might get a bubble from 70$ to 500$ , if it should drop that far.  

fiat is going to the moon

so if the SR coins don't touch the exchanges, they won't affect the price? or if the selling price is made public in the news, will that become new selling price?

I am currently pessimistic about the chances of the price ever getting much higher than now

And if the price does go above 580$ I owe you nothing? It's a deal, I happen to have 0 BTC to spare. Oops, looks like you already won, contratulations. 

Should I sell BTC before US auction of btc begins or should I hold ?

its a real pleasure buying things online with bitcoin feels much better than paying with visa.

You guys seen this ? https://www.betmoose.com/bet/silkroad-coins-will-be-sold-above-market-value

buying more now, buy buy buy, hold, be rich. 

As well as it could crash to 80$ ANY TIME

No, it's not. Bear traps are typically short lived events on high volume, not a slow, low volume, never before seen breaking of a trend where every major indicator reverses.

Things looking increasingly bullish

I think I can feel it coming!!
Gonna enjoy the next few months

The bear trap is worse than I expected.  Feel sorry for everyone selling right now

I imagine that by the time the sun is a red dwarf, if they are worth 1% more than 1 BTC, the gain in value is quite enormous.  That kind of wealth preservation is hard, very hard, to find.

The art market is quite volatile.  It's easy to make or lose a fortune on Cremonese violins or Faberge eggs.  Easy to lose, if you have a forced sale.  Easy to win, if you have infinite patience.

Hm, price fell a bit again.  What happened? Did someone offend an old prof?  I told you that the Bitcoin Goddess does not like that...

It fell 7-10$ on Bitstamp, BTC-e, Bitfinex 15 minutes ago.

A bubble is not a bubble on a microscoping time scale. It takes months.

But to answer your question: There are always bear traps in a bull market. There are always bull traps in a bear market.

If you think every little swing is a trend reversal you will lose money on every trade.

The minute when money will arrive to stamp.

Where is the "itīs hapenning" gif?  

*looks for it's happening gif*

Bears lose

If you put in a bid for the below number, you LOST the FBI auction:

666

https://twitter.com/barrysilbert/status/483692873855299584

There will be a day.. when the price has stagnated for too long, and a hacker who stole the mtgox coins (or some other hacker/scammer/drug dealer from the past, for that matter), feels that this is as good as it gets, and then he starts to dump his coins. And this in turn will invite all the other past criminals to dump their coins because they don't want to lose their promised wealth.

Most of the bitcoin cultists don't understand the psychology of criminals. They usually don't think long-term and they go after quick fixes. I highly doubt it that many of them are as fanatical about bitcoin as the people here are. The only reason why they haven't dumped their coins yet, is that there is hope that the price will rise more. This has made bitcoin into an asset, that's value has to be constantly rising or else it will face doom.

I consider it naive to think that the coins just got lost and isn't controlled by someone.
The lack of interest, that the bitcoin market shows towards finding out what happened to those coins, shows how immature the market really is.

The train stopped moving. The auction gave it a small push up. Then it slightly crashed because oooommmg 1 winner. Now we're stuck. I might be wrong but i have the feeling people need a specific reason to buy more. Another deadline that turns out bullish. Obviously amazing news about big companies means nothing anymore.

I don't see anything bullish happening soon so my guess is we will go down again. A big dump followed by panic. Or a new round of hot steamy FUD. People soon will be looking hard for a reason to dump.
People are looking for a reason to sell. Not to buy. And that reason for selling can be almost anything. The reason for buying, almost nothing.
And i hate to sound like Tera so i hope i am completely wrong.

Resistance to 700 keeps getting bigger

That reads exactly like the Chinese bans at the beginning

O M G O_o

most bullish news EVER!!!!

Seems like till Monday it will stay @ ~$630 ..

And while the tumbleweed was rolling past, we so very nearly saw the $10,000 bitcoin, albeit only in one wee corner of the internet and presumably because someone was drunk, misinformed or pushed the wrong button.



It wasn't such a long wait after all.

Few users are claiming this from like half of June? And it didn't happen yet...

No, by the NSA buying all the available bitcoins, so the terrorists can't get any. 

it seems to be a non-event at the moment. the market doesnt care much about that news.

Now with Dell on board you have to be really dumb to just keep selling. It's clear there is only 1 way to go and that's up.
Then again i love seeing those idiots lose their money. Nothing better than seeing a 200 dump and the price going up 5 minutes later.

cavirtex has always been a low-pass filtered version of the bigger markets (bitstamp/gox, etc...)

we clearly broke the big downtrend a while ago but if you take a moving-average price line of a few days, cavirtex is at the top of the smoothed descending triangle...

fun stuff ahead.

Even Fallling is becoming kind of a bull, to be talking about getting to $50k... WOW!!!

+1  Makes a lot of sense.

fuck it, i m pretty new to bitcoin and i ll hold ! atleast we have some movement !

Spoken like a true bagolder 

COME ON $600

No, I found the link on Reddit and posted it here because it looked interesting.

I don't know what to think about the accusations.

we went up 1$ in 2 mins, at this rate we'll be at 1000 in 3.4 hour

Choo Choo!

 

580$ is history, you wonīt see it ever again!

http://www.reddit.com/r/Bitcoin/comments/2cpew8/game_changer_bitcoin_research_at_the_federal/ anyone read and or believe this?

What good news? Why do you people (not you in particular) all think you are so clever that even if "fresh" news played a large role, even assuming that there are no insider front runners, who are you to say what is important and what is not, or even whether a piece is overwhelmingly good or bad? How do you tell if something has been priced in, and how long does that take? Do you have a framework to put everything in relation? News is even more subjective than technical analysis, and as far as I can tell it's one of the worst ways to trade.

In my view, that's because because of sentiment and technical analysis. Unless we're in a parabolic chasing new alltime highs (which is most of the time), positive news usually have little effect, simply because we're usually neutral or bearish then.

Here's one way to think of sentiment: When the pool of bullish people has been exhausted and noone has money left to buy, then we have a whole bunch of cheerleaders screaming moon train while building up insane expectations that inevitably, in most cases become disappointed simply by the price not moving for too long, or even moving counter their expectation. This creates disappointment, and now you can imagine what happens progressively as people start realizing their profits as the cognitive dissonance becomes too much to bear. Eventually, irrationality to the upside is followed by irrationality to the downside because so much disillusionment has been bred. To move up now, we need a good deal of this irrationality to the downside, or we need new bulls with new money because right now, we're trading pretty much the same USD back and forth.

tl;dr When shit isn't going parabolic, noone really cares too much. That's just how we humans are with regard to super volatile risk assets like Bitcoin.

Dat's me

Fresh money is needed if we want the price to rise, If the majority of people who see a future in bitcoin are already invested the only direction to go is down.
Not saying that everyone is 100% in bitcoin but a larger supply of fiat in the exchanges would be very beneficial.

no, they are just dumping it.

Lol, do you think when China will ban Bitcoin, and price will just move down to 10 points.
Then you are on wrong place, just stop trading bitoin or soon you will lose so much.

cry and sell now
or
lose everything and sucide later

I like how all of the bagholders are calling people who sold are were liquidated out of their longs scumbags and saying they are weak for not taking a 10 to 15% haircut... but the volume is at like 65 per fifteen minutes or less on Stamp and mostly towards the negative side. If they really believe their own bulls--- why aren't they buying?

Riddle me that one Batman? And I even think the price is a bit of a bargain right now on its face, but these jokers are berating people because the are holding rotting bags but they refuse to buy more.

Look at the Market... Bitstamp has no volume. What I say is if you aren't a hypocrite and you think this is such a good price and everybody is terrible for not taking a haircut... then go and buy... buy 'em all. F---ing go for the gusto. Otherwise, you are, in their words, a "coward." Bunch of hypocrites.

How disappointing. Turns out the constant "cheap coins" yellers have no money after all with which to buy a bounce.

The problem I'm having with Coinbase is now they want to control volatility on both sides of the equation: during sharp downturns and sharp upturns.  So this means that they will quickly and mysteriously "run out of coins" during the next bubble as well, which will neuter how high it can go by excluding their customers' influence on the market.  This is not allowing the free market play out appropriately, it is trying to control the market, and that is what worries me about Coinbase.

The silence from the bear trolls is deafening.

Hopefully a few got caught short today! Time for a squeeze.

Haha <$500 to $5k in one very large buy

Thr train just eats up everything, even if more coins were thrown at its face.  

Jeez this train is a sucker train. Worse than even I expected. Better dump now, it will not reach 500.

Ask yourself a better question:  Will Bitcoin price go lower, regardless of whether it eventually hits 1k?
If the answer is yes, sell.

onlie wey is up bitshes

    
Lose vs Loose

A lot of people are mixing up lose and loose. In particular, a lot of people are writing loose when they really mean lose. Here are the definitions of the two words from my Penguin dictionary:

loose [lOOs] adj not fastened or pre-packed; not tied up or confined; able to move freely; not tight, not firmly fixed; not close-fitting; careless, inaccurate, vague; dissolute, immoral; not closely woven; flabby; (of bowels) inclined to diarrhoea; l. box stable or van in which an animal can move about; at a l. end uncertain what to do next; unoccupied ~ loose adv in a loose way; play fast and l. behave rashly or unscupulously ~ loose n release; on the l. free from restraint; on a spree; ~ loose v/t untie, undo; release from confinement or constraint, set free; detatch; fire (gun); shoot (arrow); (eccles) absolve.

lose (p/t and p/part lost) [lOOz] v/t and i no longer have; be deprived of by accident or misfortune; mislay, fail to find; fail to get or win; be too late for; be bereaved of; waste; be defeated or beaten; suffer loss, become worse off; fail to hear, see or understand; cause or allow to perish; (of clock or watch) go too slowly; (refl) miss the right path; become absorbed in; l. one's head become flustered, panic; l. one's temper grow angry; l. one's way fail to find the right path; l. out (US) be defeated after a struggle.

Examples:

   This knot is too loose.
   Please do not lose my book.
   I had better not lose that file.
   many BTC owners are facing the prospect of selling their BTC for a loss

 

i think october will be an up month for bitcoin just throwing that out there

is there blood in the streets yet? when do I buy?

it doesn't smell like desperation yet

...Who is 'Loaded'?

I have to admit I am kind of worried...there is something happening behind the scenes.

Good morning Sunshine. 

We would all be wealthy assholes, so why not?

oh yes the number of  bitoiner are so small and bitcoin decentralization is stupid and delusional cultist. i stop watching after that.  

I'm not even sure what pattern it is supposed to be but it looks really the same!

Also it is 6:50 am in China. Dump maystart anytime now. Fasten seat belt.