Check for RJ45 plug on room  and grab a cable

How would one hodl such a device?

I had trouble understanding a bug like that a few days ago at 3479. Huobi has had minor bugs since the ddos attack a few days ago. but my huobi chart on bitcoin wisdom is working just fine, it says the price is 3531.

Bitcoinwisdom has stated that the bug is on Huobi but that is the only data source they have so they must show the bug prices or nothing.

though I still see nothing fishy on bitcoin wisdom at the moment.

My image did not work but try this http://imgur.com/EI1rtfK  

I don't think there is anything wrong with bitcoin wisdom. It is the trading that is taking place that i find odd: A dump is made so that the price reaches 3540. A few moments later all traders agree that 3540 is both the perfect price to sell at and buy at. It must be a machine/script. But why???

The largest volume spike in that period is just about 100BTC.

It could easily be two small walls right next to each other. Happens on USD markets frequently.

Why? Is it supposed to follow Huobi's fake volume?

Down to 5684 now... page crash !! lol

Bitcoin is kinda done here in the U.S. Can't use it. No reason to hold it. The revolution, she is caput. Hopefully other countries will take up the torch.

When Mark and his shiny blue ball left the game, that was the moment when Bitcoin unlearnt how to bounce appropriate.
 

To the tune: Let It Snow!
https://www.youtube.com/watch?v=kMpB5rjdxKg

Oh the news outside is frightful
But the coins are so delightful
With no idea on price at all
Let It Fall! Let It Fall! Let It Fall!

It doesn't show signs of stopping
And I've bought some corn for popping
We'll keep a close eye on the wall
Let It Fall! Let It Fall! Let It Fall!

When I finally say good night
How I'll hate being away from the charts
But if I hold my phone really tight
I'll be awakened by the alarms

The price is slowly dying
And, my dears, we're still a-crying
Volume has slowed to a crawl
Let It Fall! Let It Fall! Let It Fall!

I'm really angry that wall street is probably buying cheap coins right now (not much, but any is enough)... they should pay much higher price.

Everyone of you has to convince at least 3 new suckers that have to send money(min. 5000$) to the exchanges, now!, or your investment will continue to lose value.

"I don't know if you noticed, but I almost knocked him out just then."

lol

confirmed!

hodler unit!, and confirm your willingness to HODL

Just burn the books, kill the commies. Let´s get rid of all these annoying problems.

8 am in china. quick bowl of rice, then selling

It's shared by quite a few people.

What if TERA is right?

Much fear

I was wondering if this would happen. If Chinese cannot buy bitcoins, then they'll go up in value (because they can still use them to take money out of the country) - much like the old MtGox premium.

Ye i am puzzled about that, very uncharacteristic for btc-e to lead, usually it laggs behind with their panic over dumps, but i've never seen it suddenly step up and take their own action while other exchanges are hibernating

Expect action in a few days

(HINT: it's upwards )

Holy cow - big dumps and, again, it doesn't affect the price. This is great.

How to bid bitcoin good buy bye.:

#!/bin/sh

a="Sunday bloody sunday"
b="Tell me why I don´t like Mondays"

if [ $a -lt $340 ]
then
   echo "good bye bitcoin!"
fi

if [ $b -lt $266 ]
then
   echo "good bye bitcoin!"
fi

EDIT: 

And the pump on Huobi continues..

Edit:
Anyone thinks that Huobi and the other Chinese exchanges are going to be the new mt gox (an exchange with no possibility of getting fiat out)?

Without a doubt this GIF is the most bullish sign for Bitcoin I've seen since Atlas changed his username.

You can rest assured there will be brand new chinese bear ammo when it comes time to cross back into the bear zone.

Those who think that because they made it to April 15th so now they are off scot free are in for a mean suprise.

Proudhon's confirmation system is truly a work of art.

chinese men showing the light!!

Don't forget the ever important post count and activity increase...

Not everyone who has a lot of posts has been around for a long time, there are accounts here who've been around for a couple of months and are Sr. Members already... it's quality that counts, not quantity. Most people just look left and check activity level and never look at the date of the account or the quality of old posts... just saying 

quality that counts, not quantity

buy&wait

Someone requested a wall observation, so here is one. At Kraken BTC/EUR there is a 33 buy wall (that is quite a bit on Kraken). When the price hit 374 EUR that triggered a 35 BTC dump @ market. Very strange. I think that was ment to have triggered a 35 BTC buy instead  I want to buy into that wall but I have no fiat left

I've seen this happen a couple of times now, very strange to be using those orders on Kraken

Yep, maybe even write a bot, like "IF=chingchong ACTION=SELL"

Looking weak, think its going below 3000 today

Here is a clip from the Big Lebowski for your enjoyment while we parse the time and wait for the next dump or hope for some unexpected good news will turn up (= small rise. Are the Chinese good at marketing?).

https://www.youtube.com/watch?v=VLR_TDO0FTg

To me just seems like a good analogy for the current sentiment. Watch the clip and replace "She" with "Bitcoin".  

Bitcoin is like a young trophy wife, in the parlance of our times. She needs money man :-)

Just woke up, why it went down again? 

Well, for a long term investor, it is really better to not check the charts and the forum for a half year, just like I did last year. Because this price movements are really silly

I don't agree with your statement, inexperienced daily traders are causing the volatility, or should I call them "pigs" that jumps in and out without knowing what they are doing, a small price drop (5$) makes them sell and bring the price down and shout "Bitcoin IS DONE, IT IS THE END", then a small rise of 5$ makes them all buy back and yell "TO DA MOON".....


Why should Bitcoin go to wallstreet if wallstreet traders can make tons of money from such unregulated market with all these noobs around ? the moment Bitcoin hit Wall street they will lose this kind of game....take china as an example, anyone farts there the price crash, no new news, they use the same old thing to trigger panic and make tons of money.... I find it really hard to make money the last few months, I used to take a spot and stick to it when we didn't have these Chinese shit around, now it is impossible to predict a direction... because you know "you never know when the Chinese fart".

See my previous post.  The time of the OKCoin notice apparently coincides with the start of the current dump.

It may be that the Chinese exchange CEOs have karpeled a little; they may have known what was coming but waited until the last minute to tell their clients.

I am not sure, but the OKCoin note may be saying that further notices will be shown only to logged-in clients "in order not to affect the normal market conditions".

The Huobi note link is in red, next to a red light bulb, near yhe top of their homepage.  The OKCoin is in red too, next to a loudspeaker icon.  Further notes mat be accessed perhaps by fiddling with the URLs. (Huobi's note 325 is some Western press news, 326 does not exist yet.)

I am not sure, but the OKCoin note may be saying that further notices will be shown only to logged-in clients "in order not to affect the normal market conditions".

Sell off... NEWS?  

what? I have been specific as the market will allow me. in 2-3 days you should remember that I am expecting for at least 580 to be touched. This is not a guess, this is analysis, and it is at stake.

I have proof you are 100% wrong.
I make new odds for you..... 580 before 480. my analysis at stake.
I heard you lost some coins yesterday, what was your analysis? (I didnt lose any -made lots)

no need for that. They are still odds. dont shut up, but do watch the events unfold.

Chartbuddy you sexy bitch. Let's go get a room for the night and you can tell me all about Bitcoin.

And everybody fell for it again
As always the holders are the only winners here.

Seeing these pictures of the ridiculously big KNC mining warehouse made me realize the amount of coins that must be insta-dumped everyday: http://imgur.com/a/CcIhX

Sadly, centralization of mining means that less and less miners are long-term believers and holders, as these data-centers consider the electricity bills as more than a trivial expense.

... and some say Bitcoin is a deflatory currency

# 6. OKCoin.

I'd rather go for "10 green bottles"

Sorry, that was the musician part of me speaking. You're right, the lyrics would be bearish. I not willing to listen to a bear song. Let's write a song together, all of us! Let's create the Bitcointalk Rallye Song! (If there's enough stupid ideas, I might even record them --> got my own recoring equipment at home)

Cool! Then let's do a bitcoin band. The world will need a bitcoin band playing in any TV show that's informing people about their new currency I'm playing the guitar and I sing, furthermore I got a fancy analogue synth, which I absolutely can't control, but it's making quite awesome sounds!

Got the MicroKorg. Same thing here, I can't play the keyboard, but wanted to have this crazy thing. This coincidence can only mean one thing: Bitcoin will go higher!

was he?

Based on my research, I don't believe we will see 435 ever again (Bitstamp). If someone is willing to bet (I naturally expect much better than 1:1 for me), PM please.

Chart1 & Chart2.

This is just the 2013-7-18 again. No looking back (when you least expect it).

any suggestions for a new poll ??

how do you guys pronounce Huobi ?  

Could this pump have been caused by westerners trading on Huobi, who want to get their money out of the exchange by buying btc and transferring it to Stamp or whatever?

So much delusion here. Look at 1h charts for Stamp and Huobi. Do you notice anything odd in the last two days?

excuse for the noob question,

so a red candle on wisdom means more sell volume than buy volume?
and a red candle can be higher (than previous candles)due to a a higher sell price?

yeah it was confirmed.

how could it happen 300 times? that's wishful thinking. 300 market orders? or shall they put up a 5 million BTC buy wall on bitstamp?

I am using the daily chart. and I wish that you could guarantee that my 'little patterns' will be wiped out, but you cant. what we are seeing now  believe is the market preparing for July, when for the first time legit exchanges will be opening in America. we will see all the legit money that's been held back,  and perhaps china follow the lead of the USA as expected.

Thanks!  But the Google Translate output is confusing; I cannot tell whether it is about OKCoin's bank account, or a customer worried that his personal bank account could be closed for having used it to deposit into OKCoin.  If you read Chinese, can you confirm that the question and answer refer to OKCoin's account? 

Another month or two of this various bull - sheit... and many of us will be completely disheartened.     Then, BTC will be ready for its price rally.

The volume won't be the same if the chinese traders can't trade on exchanges but they could trade in offshore exchanges; the price will rise when the situation has settle and we have some visibility
I see some very pessimistic traders that short bitcoins, but if they are right they will lose all their money when the bitcoin exchanges disappear!


 

The price rises nicely and steadily, but Bitfinex sentiment Index suddenly turned bearish (it has been bullish almost all the time)

https://www.bitfinex.com/pages/stats

what do you guys think? Why be more bearish now than yesterday or two days ago? I was actually becoming optimistic about this recent price raise. Are we for some nasty surprise?

That wasn't a real dump. What we are seeing is simply an exhaustion of buyers.

No one wants to buy so we are starting to make lower highs. We might have one or two more pushups ahead the next handful of days - maybe to 470 or 480.

But the problem is when the buyers run out, then the market just waits for the next set of China news to dump all to hell.

That wasn't a real dump. What we are seeing is simply an exhaustion of buyers.

It sounds like the localbitcoin guys did everything right. Anyways, it is incredible, that people are still able to pull the "reboot my server please" attack in 2014..

Captain: what is FUD ?

i dont think the last bottom will be tested, i think it will be somewhere above it

All I'm saying is that it is unproductive for traders. The movements will be slow and there will be a low volume and volatility most of the time. We won't see explosive 400-800% up movements or 50-80% down movements like we have in the past year. It is a consolidation and slow recovery phase. I'm not giving any specific price targets.

Quite amazing how Tera nows exactly what will happen in the next 2 years.

I'm always puzzled by the way that Huobi trades. It's always two large orders suddenly appear on both sides of the book and get 1 yuan away from each other to create this tiny tiny spread and then they trade with eachother somehow.

"exactly what will happen"?  I couldn't have been more vague about what is going to happen.

The movements will be slow and there will be a low volume and volatility most of the time

I think TERA is basing her prediction based on at the past where there has been long periods with less activity (in between bubbles)

in general the market wants to find THE value and stay there, problem is bitcoin is always growing... so every once in a while we have a "bubble" and then bitcoins looking for its value again, we always overshoot on the up side and the down side, and bitcoin keeps growing...

this is why all the volatility.

I see bitcoin calming down and staying steady onces its completely taken over all monetary transactions, because i think in 100 years or so that what will happen bitcoin 4.2.9 will be running and my transactions from 2011- 2150 will be forever recorded on the blockhchain i'll be dead taking at lest 1BTC with me to the grave because afterlife!  

There are no women on the Internet, let alone in bitcoin.

You are quite hilarious, and to be somewhat serious, one of the problems with bitcoin seems to be that through time there are going to many bitcoin HODLers taking bitcoins with them to the afterlife, until we get some better security vehicles.  I think that if I croaked today, at least half of my bitcoin stash would become unclaimed.  Even if I suffered from some memory loss regarding my bitcoin would cause significant recovery problems.

I am definitely looking forward to better bitcoin wallets.

(...) there are going to many bitcoin HODLers taking bitcoins with them to the afterlife

sudden volume spike on bitstamp

You see a bounce off 400 or a smash right through it ?

Fake or just cheap?

If it is fake then it is semi expensive. If it is real it is very cheap. My feeling is that it is fake. It definitely feels fake.

10th is supposed to be the deadline for all banks to make a statement, which most already have.  It's also when Dan the EW trader predicted something would happen with EW.

Wow, I guess you really do get what you pay for.

Looks like Houbi is going to do another pump now that it is 5pm on Friday and no "news" has come out.

I am starting to hate China.  

Serious buying going on at Stamp with little intervals. Anyone knows why?

Breaking news: failed breakout and 4385 volume. Now here is John with sports.

Chinese Slumber Method (non-)prediction for Monday May 12

There is no prediction for Monday.  In fact there will be no more Chinese Slumber Method (CSM) predictions. [ Waiting for the hoorays to subside. ] A short report about it is in the works, and the conclusions are disappointing: while CSM is more accurate than the banal predictor "tomorrow is like today" (TLT) on about 60% of the days, on the other 40% is so much worse that it loses to TLT, by most other measures.

Checking the previous prediction

Prediction was posted on: Sunday 2014-05-11, 02:04 UTC
Prediction was valid for: Sunday 2014-05-11, 19:00--19:59 UTC (~17 hours later)

Foiled again again again by the treacherous Chinese:

Huobi's predicted price: 2823 CNY
Huobi's actual price (L+H)/2: 2687 CNY
Error: 136 CNY (~22 USD)

Bitstamp's predicted price: 456 USD
Bitstamp's actual price (L+H)/2: 438 USD
Error: 18 USD
 




[ Plot legend ]
 
NOTE:
  "Erasmus Darwin had a theory that once in a while one should perform a
  damn-fool experiment. It almost always fails, but when it does come
  off is terrific. Darwin played the trombone to his tulips. The result
  of this particular experiment was negative."
    -- J.E.Littlewood

I will donate the images to the community. 

As explained in the plot legend (see link), it is only the latter.    For now.  

Long term downtrend resistance line meeting recent horizontal ghost support line at 429+ in a few days. While the volume stays paper thin.
No one is in the street, everyone is waiting, cowboys gonna duel. Up or down, who knows.

thanks for that. Subgenius is a wonderful religion (I practice it every Thursday). Just so you're not stuck with just ONE religion, you should try being a discordian pope every once in a while. It's fun cause you're infallible.  

What's the status of the Chinese exchanges now? Is it still possible to deposit CNY fiat there?

Wait, Chinese exchanges are closing?

That makes no sens, the pboc have never said anything about stopping exchanges being operational and they can just move offshore if they need.

Plus I always here that Chinese volume numbers are fake so they probably dont hold as many coins as we think.

Today Bitpay is coming with a huuuuuge announcement right?

Whats the volume like at kraken? Is it not big enough to play that spread ?

Is it not obvious that without FRESH FIAT (I think I am going to change my user name to this) that these markets cannot go up? And there is no way for fresh fiat to reach the Chinese exchanges.

And if the markets don't go up (and we all should be fully prepared for the market to meander right on past the cross point of this multi-month wedge that everyone's talking about) then the markets are all SITTING DUCKS to bad news coming out of China - like an exchange(s) closing, etc.

Buying here is ridiculous. Shorting isn't a great idea either - although you can often borrow it for almost free, just in case.

I think the point is, how are they going to buy BTC (or keep buying it anyway) if they can't get money into the exchanges?

Another hype based on nothing..
I'm pretty sure the exchange will claim millions in volume while having 100 satoshi in it's wallet.

The emerging countries , BRICS , myths about adoptions in Africa...

The only real way for bit coin to grow is being used where people have enough money to spend and business eager to accept it.
And that's the good old Europe and North America.

Vampire Squids

http://youtu.be/XcGh1Dex4Yo?t=1h1m12s

quite good little show (you might want to skip the first 30 minutes or so of remedial stuff if you're already aware what's going on)

Nice!

I think that if you want to do long term analysis thats fair over a period of time you should use an exchange that gets more than a peak of 5700BTC on the 3d chart.

Not saying your observations aren't legit just that volume can tell you a lot and kraken doesn't have much.

which means the bearish pressure remains to hold off...maybe there loading up for the final dump.. maybe the bulls are just eating the coins to quickly.

meanwhile we're less than 2$ from breaking upper log trendline from november

It's a sunny weekend , probably stamp is having a beer and doesn't give a damn about 2$

All the way down? Are you sure we're talking about btc price ?

But the term "all the way" usually means 0 level.Do you really think we are going all the way down?
Might have to label you a permabear also .

That is a tough game. The goal is to get as close to the ticker price without getting caught.
Forget mahjong, chess or go... spread hopping is the new thing.
Soon it will be played by old chinese men duelling via real-price bitcoin ATMs at their village's main square.

When did you start trading bitcoin?

And did you come to bitcoin b/c of its volatility?

I was beginning to think that the one thing that could kill bitcoin would be boredom.

Good to see the patient still has a pulse

okcoin is leading, huobi just following, then bitstamp. i followed the charts.

wall at 530 seems a real one....

Fortræffelig!
   

Fedt :-)

crime-free btc i guesss

Choo choo? 

because someone said choo choo? I don't see significant action.

Our Chinese friends have crossed 3500

Amazing how people instantly panic and sell because someone puts up a wall.

I dunno what to think. The current formation looks like a top with a bear flag (and we are currently in the flag) But it also feels bullish    Do you think we might fall out of the bear flag for a leg down and then maybe continue the up trend?

It also feels mostly bullish to me. I think we will either go up tomorrow from $570 or retrace to $550. Support for $570 does not seem overwhelming. On the bullish side I have seen many traders buying coins from those intimidating bot walls... The bots I have observed have also been "competing" with each other and traders to buy dumped coins. I don't know how clever the bots (or their operators are) are, but they definitely want to scoop up as many coins as possible for the lowest price possible. And that price has not been much lower than the current price Today has been a bit "messy" in my opinion. Like someone panicking because they realized that that the train has left the station. So I would say that there is risk of a leg down, but I also feel that the up trend will continue.

Also watching this closely:


The positive news today is that we have avoided breaking down to the lower channel of the current trend. If we do I think we will go back and to $550. So I am watching this closely.

I'm going in Tera mode for now.
Too much resistance. Bid wall removed. Dump incoming. Back to 550  

Prepare everyone - we're going down! I'm pretty confident as you will see: I just bought some.

..cc..m..f?

I'm glad I had a buy order at 555. I'm using my "rule of thirds" and "superstitious numbers" hypotheses for trading.

We're not going up anymore so someone will start dumping for sure.

And even worse, having to scroll through dozens of replies to every post of mine, by people who have nothing useful to say about bitcoin, but think it is important to discuss my person. 

I noticed that Huobi's price was usd $10 lower than that of bitstamp, coming to current equavalent, or enen slightly higher.

This tells that the banking system has not cut out. No only so, it might indicate fresh fiat is flowing in. Anyone has different reading?

Do you mean 3-500?

Attention Chinese miners:

Whoever sells your coins is very bad at it.  Please hire a professional - you will save a lot of money by selling intelligently.

Great for the buyer but in most cases the miners could get a much better deal.  The sellers that understand that they're setting the prices are doing much better at the moment.

中国矿工：
你失去了金钱，当你卖硬币。因此能够更有效地销售。请聘请专业。

1w EMA crossed back

As soon as my money fiat clears, I'm buying half, and setting the other half in a tranche back down to 450 (CAD on virtex)

I'm not giving advice, I'm just saying what I might hypthecically do.

*edit for clarity 

ok, I'm gonna stop posting now, cuz I'm probably just being stupid at this point, but if you are 100% fiat, how would the price going up be nice for you?

heavy into fiat has always been a scary place for me.

If you are relying upon that article to make your bitcoin investment decisions, then you are likely going to miss the train. 

Surely, we are all guessing to some degree about the direction of bitcoin prices; however, at this point, it seems you would be lucky to get coins in the lower $500s, or possibly in the upper $400s.  Even though we currently have some downward priceward movement, it seems that within the next few weeks, BTC prices are going to stabilize  $600 and beyond

I find your stated position difficult to understand.  In essence, you are fairly confident that bitcoin prices are going to double digits - accordingly, you are NOT investing into bitcoin b/c you are convinced that bitcoin prices are soon going to plummet.   yet, on the other hand, you would like bitcoin prices to rise b/c you have some kind of sympathy for the underdog.  If that is your position, then it is a strange one, in my thinking.

Whats its going to be - weekend dump or weekend rally?

Of course - it's not really rigorous TA without one.   Preferably well dressed.

300 dump. Odd.

Probably waited to see if it would rally with a fresh wall and realized nothing was happening :/

nomnomnom

What do you mean by ''300 dump" ? I don't see any pick on stamp btcwisdom ?! are you talking about bitstamp bid and ask orders ?

China on the pumps.

Welcome back Willy Jr, buying 1.85 btc every 14 seconds on stamp 

Mostly buying, sometimes selling.  He even shot up to 4.56 buy/sells there for a minute.

Afterwards, you knew in advance.

Yeah, it sounds like the best way to minimize your profits. You guys make me feel i do have an edge on most of you even if i don't believe in TA. I just think there is a 90%+ probability that we will be north 10 000$ by the end of 2015 and bought a lot of BTC. I believed a BTC for 600$ is a steal, and i bought, and again at 550$, 500$ to 425$ which is my lowest buying. Unfortunately i missed the fall to 340$ because i am in the wrong GMT. At 425$ it was an obvious buy, but you guys were posting random charts to say we might go a few bucks below so you have not bought for most of the daytraders. And now we are at 622$ and instead of double thinking and wondering if it is amazingly cheap, you are trying to buy at like 610$ risking to see 700$ overnight.

At some point many of you should realize hodlers have an edge on most of you, and especially you edward.

C'mon Shroomsy...you've spent the last six months pointing out how 'good news' normally foreshadows a drop in price, so 'news' is hardly an accurate gauge for predicting market movement.

And do you really subscribe to the 'trollbox' world view of 'pump and dump'?  For alts with smaller market cap certainly, but BTC....I think those days are long gone.  Whales may set trends but manipulating the market to the extent of 'pump and dump'; too many actors now.

Well, now enjoy the bull market.

You do realize we follow a log trend, even if we are still below it now? Don't underestimate resilience.

Gox was THE exchange. Now there are dozens of exchanges so if one fails, even Bitstamp or BTC-E which are both untrustworthy in my book, as we have already experienced a major exchange's failure and recovered from that, maybe noobs won't be so afraid when early adopters will tell them "yeah routine, +1000% this year too.". Same goes with government shit. PBOC made unbelievable efforts to make Bitcoin look bad and still here we are.
Don't take a big fall for granted if any bad news, that is what happens in bear markets, not necessarily in bubble times when the momentum is here.

I am not saying you should never sell, i did sell the day of the announce of the malleability of the transactions with the goal of buying back later and did pick the bottom. But don't overestimate yourself, we might just have been both lucky on picking the bottom once. Besides, i DO believe your default choice should be to hold bitcoins, not fiat, especially on these times when we had rallies, are under the long term logtrend, and that you can see many noobs on reddit saying they are coming. Even dogecoiners are finally realizing that Bitcoin is way more valuable and are selling their doge to get bitcoins, as you can see on the DOGE/BTC chart. Yes, even them finallly understand the value of Bitcoin. They needed 6 months to understand why it is better than dogecoin, some people are slow learners.

Anyway good luck with your trading.

Mandrake Mechanism

http://www.geocities.com/rebornempowered/mandrake/mandrake.htm

ask*

If he has more coins ready and is smart he should stop putting up walls for a little while and slowly put them back again on the way up.
If he keeps adding these walls it might actually stop us from going up for a while and he will be forced to market sell or put a new wall up way lower.

So what are we waiting for!?  

My prediction in the next few years is at least $3000 per BTC. In today's value.

Adam is legend, my favorite Bitcoiner. Always in good mood, wherever price is 

We are below 4000. Thats what I call bearish.

Smokin da crack pipes ...

we can stay here all day it wont go below 600 ...toooo many whales invested in cheap-ish coinz ..no body want to kill this golden goose ...YET

Gotta feed it some more for the feast taht is 2k+  

This is unreal... Despite I'm all in, we need to slow down  

That is a very interesting site.  I had NOT previously seen it.  

The data seems to be inconsistent between clicking on the beta predictor and the other 24 hour, 5 day and 20 day charts.... I mean the beta live version seems to be a bit more bullish than the non-live version.  In this regard, the live version predicts mid-$700s in the coming 24 hours; while the non-live versions predicts lower $700s in the coming 24 hours (though granted, the NON-live version seems to update on the hour, so seems to have NOT yet accounted for the price spike that occurred within the last hour).    


The developer, Kevin asserts that short -term predictions are likely more accurate than long-term predictions, so long as there are NO major news events affecting the prediction outcomes.  And, the algorithm seems to be based on historical performance, which we likely know is NOT necessarily a good predictor of future performance.

Further, his 20-day prediction seems to place BTC prices in the $300 to $400 territory, which seems very bearish and failing to take into account that BTC has been in a down trend for more than 6 months, which will more likely cause BTC prices to go up from here (our current price-point) rather than going down from here.  I could NOT really gather from the website how he came to what seems to be a hair-brained idea that BTC prices are going to plummet anywhere below $600 in the coming month.  Seems highly unlikely given the pent-up at-the-moment BTC situation.

NONETHELESS, I do like the concept of the site, if he is able to take into account more variables, then maybe the predictive aspect (especially longer term) may improve both long-term and short-term prediction(s).

*finger on the trigger*

should i do it? should i buy 10K BTC all at once?

Hahaha the only guy that got it right ...


https://www.tradingview.com/v/NmrqKsJR/

I don't roll like that.

A couple decently sized buy orders going through at Stamp right now...hopefully we are getting ready for another little ramp up...  Have a little work to do to get us back to our beloved $666

Currently in the bitcoin market, it doesn't take much money for the whales to 'paint' whatever pattern they want you to see. 

https://www.egi.com/clinical-division/clinical-division-clinical-products/ges-400-series
I have it from well placed sources that the Chinese traders have managed to connect EEG electrodes on their scalp directly to the Huobi trade API.  They are sleeping now, so those bumps that you see in the chart are merely their periods of REM sleep.

Good morning! How are we doing today?

Good morning to you! We are doing ok as no one has dumped (too much) tonight. It seems we are clawing our way back to the line we were following yesterday. If we can do another $25-ish rise today (like we did yesterday) I will be very impressed. That $650 needs to go soon

UK based?

Bitcoins on BBC R4 now - decent programme / debate show.

Guests from: Blockchain / Bitpay / Bitylicious

Might as well buy it all. One would profit from it for sure... I've spent all my Bitstamp fiat these days, will have to sell some to buy more. Just don't know what would be the right time. These days are so dead.

There was some talk about a person who's creating those walls so he (or she) can buy up all the offers below his and profit that way.

Bitcoin on verge of breakout:

You mean on what exchange?

(also 200 is not a 'huge buy')

I think the market is reacting bullish due to the fact that GOAT has been banned. A lot of fear got removed!


https://bitcointalk.org/index.php?action=profile;u=44233

Look at the 4h charts for all exchanges. We're flattening out to the upside on decreasing volume. Haven't you seen this happen many times before? In the context we are in now all it needs is a little push from Huobi and up we go. 

"We're flattening out to the upside (...)"

Yes, we are a little high in the wedge pattern.

Dumps...

We just dropped out of the bottom of that triangle.

And no follow-up drop yet.  This looks like a single player.  Someone wanted to paint the tape and kill the bullish formation.  Someone wants cheap coins.

Nothing "caused" the drop other than individual market participants' choices (some of which admittedly have larger wallets than others). Could be the attempt by a larger player to move the market in his preferred direction (triggering panic selling), but more likely, it's just someone taking a profit and limiting his risk, by betting on further consolidation or price decline.

We're now either in a consolidation phase after an impressive rise and before another leg up, or the mid-May rally ran out of steam and the market is in a state now that could be summarized as: "reluctant to accept that the only way is down". Depends on who you ask which answer you get.

Bedtime for me, now.

I just bought 10BTC, and maybe I will buy another 10 in the morning... or maybe later in the day... depending upon how I feel... At this point, I would rather see down, rather than up, but my 10BTC hedges in the event that prices go up while I am sleeping.

stamp 

What's with all the people who bought at $660? The trend was clearly breaking at $460. Why didn't you buy then? Instead I hear all these sob stories "oh no I bought at $660 after the 50% increase. How am I going to live through the correction in the mid 500s? Woe is me."

Where do u live ?

FBI selling SR seized coins .

fuck man i didnt expect it to go that low...

I'm in the camp who suspects a premium being paid.

You really think it'll be like that? Maybe later, but definitely not when they start. Expect surprises.

Your point about what is good or bad for the US Government seems to be off base.  What the fuck the US Govt. care if it generates 1 million or 100 million from the sale of bitcoins?  There are billions of dollars printed every month. 

I think about $1mm usd has to raise its bid by $18 in order to break the wall and rally past 627, which is a fib line.

Monkey tells me this is more likely to happen about 1 hour from now than it was earlier in the day, and if it doesn't, there is a ~.18 chance of fatigue dragging us toward 597 resistance before the next upward thrust.

Monkey says silver is just getting started.

Lol

The best oracles are that way . Although 1w MACD on Bitstamp not confirmed yet, just one green candle, which can still change. Their weeks ends Wed, iirc

Staring into the abyss

but why would anyone even WANT to do that?

also, the candle of the past week at huobi and bitfinex were already green, so bitstamp is already lagging a week behind on the MACD. And even that it pretty late considering it could easily have turned green 2  weeks ago, but missed it by a hair due to a sudden mini-panic or whatever the hell happened two weeks ago.

Yes Jorge!, until you join the cult we hold you to a different standard, 

Actually I did not buy nor sell any coins today, but the USD value of my holdings doubled again, nevertheless.   

'tis a bearish pennant, or just Stamp following sleepy Huobi?

Don't know, that was a single dump. More like a single hand trying to "fit" the figure.

seriously puzzled by the selling pressure, oh well more for me.

I told you so.

I wonder how much money the bears just lost falling for this obvious bear trap

Since everybody has me on ignore by now, no one will mind me observing that the price on OKCoin and Huobi started to rise several minutes before that big buy at Bitfinex.  Thus that buy may be just an arbitrage trade, delayed by the trading fees at Bitfinex and perhaps by residual price mismatch.

That rise in the Chinese exchanges was almost predictable: now is 6:40 am in China, about the time when the first traders "wake up".  I have not checked statistically, but somehow I got the impression that the early-risers tend to be more bullish than average.  So the Chinese day tends to begin with a price rise, that may be reversed later.  But, again, this is only an impression.

The 500 BTC wall has been there for like a day. Unless it was pulled in between the hours I checked, it never left. It's real and has been getting chewed on a bit. But it hasn't been pulled..... we'll see if anyone is willing to buy it.

If only i could stop seeing that jorgestolfi name on every page. That would be so nice.

We are stick around 650, we need some good news so 650 will cross with good volume.

12h macD freakin bad, i think testing 610-600 is pretty much inevitable at this point.

i'd like to see some buys were pretty darn close to the launch pad line.

but who buys bitcoin on a saturday??

 

the stack of bids in front suggest you're being paranoid.

How weird. We're going up and someone dumps 47 coins. That person could have sold any day but decides to do it when we go up.
Some people really shouldn't be trading.

So that's it

dissapoiniting

Gentlemen!  Are you seeing what I'm seeing?

Most likely a hack and attempt to drain the hot wallet, IMO. No one bought coins for $10k. In your dreams. This is like when someone sells coins on LBC for 10x the market price. Take it with a grain of salt.

I expect things to pick up at least a little tomorrow....*fingers crossed*

Meh- I can see this being an "issue" and it sticking as one for some people.... and Bitcoin is therefore bad because terrorism, but of course by the same logic $$ must also be bad becuse -  USD=BAD=BECAUSE TERRORISM.

I wonder how many of the local "terrorist supply shops" accept Bitcoin?  buy one get one free on a jihad special if paid for in bitcoin? ffs

(edit: rare Persian rugs could be used to fund terrorism, diamonds too, gold, artwork, etc etc maybe they should all be banned as well)

so next bubble will be lead by terrorists buying all the coins?

it doesnt look good, asks are filling fast.

i think it will go below 600 once again.

a few hours ago we were over 625 for a moment on Stamp. Then we had 150 coins to 625. Then 300. Now 762. For a low volume day, the selling pressure is increasing considerably...

The amount of longs really is quite large on BitFinex at 30.5 million now.  At these levels it seems like someone could create a flash crash with a small push that would feed upon itself as margins get called.  It has happened before on BitFinex.

Total Speculation: So how could this amount of leverage happen?  Let's say a whale was ready to move in with 20-50 million... clearly this would bring us to a new price level.  Would it be illegal manipulation for that whale to first leverage long, knowing he will soon buy it up to a higher price?  Or how about tempting leverage harvesters to attempt to flash crash, but also keeping a hidden bid of USD on BitFinex so he can sweep in and purchase the BTC at the flash-crash price.

Manipulator on bitstamp is trying to create panic sells near the trend line by putting up huge sell walls. Good thing is its not working. I hope a whale comes along and takes his damn coins from him. You can tell it is mostly one person because he keeps shifting his asks around, as seen on bitcoinity.

I'm pretty sure we're going down again within a day or two max. I wish it weren't so, but the market sentiment seems to be dropping again and I'm getting strong vibes here.

here's something to read: http://nakamotoinstitute.org/mempool/speculative-attack/

the piece details how bitcoin will become mainstream:

• "slow bleed" (good money drives out bad, waves of adoption)
• "speculative attack" (on fiat currencies)
• "hyperbitcoinization" (feedback loop between fiat inflation and bitcoin deflation)

made my day

People will be forced to pay with bitcoins

500buy takes the price to $619

Not much beneficial, we need big buying order, 500-1k won't push too much. Selling pressure is big.

It's my last hope for the long term trendline still existing.

And it's not part of the wedge.

wont go up so fast. Ask walls are too high.

Dont compare this time with 1 year ago where mtgox BOTS worked with millions of self-created $$.

No doubt it took quite an effort to get us down to $610. It looks like it is also going to take an effort to get us up again.

While the 635 gets slowly eaten away, methinks: is this rise connected to Grooveshark news?

Bear-bot. I like the sound of that. Sounds like a movie I'd pay good money to see! Godzilla has nothing on Bear-bot!

Indeed but all in all it was a wonderful game and it still is, Football can really move our emotions one way or the other
Just like Bitcoin  

Total trades: 647
Total volume: BTC 271.64

Total trades: 831
Total volume: BTC 526.19

More dumps in China, absolutely zero reaction on stamp yet

Apparently someone on OKCoin took that as bullish as, just minutes after hitting a daily low they push for a 3 hour high.. lol.

(3860->3836->3865)

I wonder if we are we headed for a retest of the descending wedge? It is going to take a lot more than a 400 BTC dump to get to $605... The breakout we had from the wedge is not exactly looking strong either.

Like this? https://www.tradingview.com/v/vfJQwL48/

Just meant to ask the same. Do you guys also get a completely flat line for about 20$ in one/both directions? I thought it might've been a problem with the computer I'm currently on but it seems there's something awry.

Like watching paint dry.

According to everyone's lines it was decision time every single day in the last 4 weeks or more. As you noticed nothing happened.
Lines don't work.

I disagree, lines work great when you are looking into the past

I do think that all this eminent bubble BS is turning me more and more bearish. We could be hanging around 8 billion market cap for a long long time.