Maybe people are getting frustrated that the price doesn't show any sign of rapidly increasing at any point.
I can't remember the last time we were at a respectable (in my opinion) price.
Disapponting.
Therw hasn't been any great news on big merchants adopting bitcoin for a while.

Plus we've been told there will be several exchanges getting approval to trade soon plus the ETF & yet nothing.

Maybe people just can't be bothered waiting any more.


Are you strong LFC? Are you going to hold the line?

We are all disappointed mate. I'm holding and buying. I'll do the same all the way down. It may pay off.........it may not.


I am willing to take this risk.

that's kinda usual pre-dump movement for bitcoin.

 

5 USD dump over night then, is anybody starting to lose a little bit of hope?
I'm going to hodl until the end but I'm starting to feel a bit deflated about the future of bitcoin so much so that I'm wondering if it was an awful investment to begin with.
We've gone nowhere except down for so long now

Not a bad idea to get a confirmation of the direction before you go all in. I'd say if we blast past $260 it's pretty much confirmed upwards and still cheap.

when price is 229.x I feel like its about to crash.
when price is 230.x I feel like its about to explode.

guys come on!  We was so so close why cant we all just not sell?
The with limited the supply the price will go sky high espeshuly with gregzit and dont forget grease! it's mathemattically fucking certain!
Just hold for delaid gratyfecation and not the the 5$ profet!
Whose with me?

This!
With a mix of epic stock market bubble, Greek drama, USD bubble... Things are about to change  

Just boarded a plane. Always love to guess what the price will be when I land.
Last time I flew I forgot to put in any precautionary measures on my trade and lost a large sum of money.
Damn 20x

Stop losses are set. I'm guessing when I land in 7 hours it will be at $258 at finex.

+1
if we want a stable price we need a slow pump

If the 1 day chart scares him why doesn't he look at 3 day or weekly? A real yearly chart would really cheer him up.

I agree, the 1w MACD is looking good right now, it's going to be interesting to see what happens when the lines finally cross... we're almost there 

First the Cypress pump now the Grease pump. Is anyone else starting to feel as though Bitcoin is being manipulated to seem like its responding to current events? We all know the Greeks weren't actually buying. Right?

I haven't checked the price this morning until just now. Damn! Nice surprise.

lol, I am kicking my own ass right now for selling 1 BTC Friday at 287.00    but I owed the household money for electric from mining... for the last few months... was under pressure from my better half... lol oh well what's 23.00 bucks anyways these days.....

I think this could be the start of a rapid climb... But I am not writing off a last minute deal with Greece just yet?

He commented on it in the past and seemed very sanguine about it. Who knows, maybe all the stuff that subsequently panned out wouldn't have happened without it. It was a pivotal moment in its own way.

Fill your boots

https://bitcointalk.org/index.php?topic=137.0

Oh, this thread is getting bigger and bigger!

Anyways, is it relatively safe to move my entire savings into Bitcoin? I want help from experts about this..

Can you retire from being a slave or can you just become a retired slave?

Lets say you have $1b in the bank and you live a lifestyle where you only use people's services and offer no service in return, you merely exchange your $ for goods and services until you die. Is this freedom?

Perhaps you would invest some of your $. Let's say you invest in property, well then you take on the role of overseer. You would take a rental income from your tenant and if they do not pay you would call upon the state to evict (punish) the tenant. It's all as civil as it can possibly be and I don't hate it but common we remain, no matter what number we achieve with our mathematics skills.

Gemini will be a "fully regulated, fully compliant" exchange with major fiat backing (Winklevoss twins) They also have a major stake in Bitcoin with a reported 1-2 percent of there assets in BTC.

The Twins seem serious and motivated to "Make Bitcoin bigger then Facebook".

If sombody will make BTC "Mainstream" it will be them.

The winklevii already have investors ready to buy as soon as they go live.  They know alot of high power people.

my 1000th post

I'm already retired at 23 

He meant "retarded."

Is it real though or a fake one put up to trick people into buying? I don't trust the walls any more. I'm no trader (long term HODLER) but I've seen walls put up & quickly taken down on all the main exchanges. Whales be manipulating. We'll see I guess, it's pay (wages) weekend for most people in the UK so people who buy in monthly will be active this weekend. I've already bought 2 bitcoin today, 10 dollars cheaper than this time last week, thanks weak hands

Well yeah there is that.......
I don't really want to think about the money I've invested in bitcoin. It's gone now. We all invest for the hope of a better life one day. I'd rather to quote 50 Cent - 'Get Rich Or Die Trying'


Seriously though, nobody ever became wealthy by playing it safe. Who wants to stick their savings in a crappy fiat banking system with awfully low interest rates. Even if bitcoin doesn't 'go to the moon' we should be looking to at lesst double our investment as a result of the halving next summer if not the halving 4 years after that.

Mye eye spy some serious mooning. The next few hours are CRITICAL.

Never sold a single satoshi, it's sink or swim for me. I'm a long term HODLER, we'll see in many years time if I've made a good decision. I'm certainly not an owner of a pair of 'weak hands'

Can somebody explain this to me like I'm a 5 year old:

XT is supposed to make bitcoin futureproof, but how is it going to achieve that, when it can be spammed up to ~1.15gb / day, meaning that it'll take just 100 days for a determined attacker to increase the blockchain to +115gb, and around a year to take it up half a terabyte. Is this "futureproofing" or ensuring that the future of bitcoin is one where it dies out of bloat and where no-one wants to download it?

Increasing the fees within the 1mb limit is a far more acceptable strategy. If that means bitcoin not doing microtransactions (at least in the traditional / on-chain way), so be it. Gold coins weren't used for microtransactions either, they had silver and copper coins for that.

We're down to 250, how low is this going to go?

I feel a bit like I'm in a Freddie Kruger movie, I'm too scared to go to sleep.
I don't want to wake up & discover that we're at like 140 USD. PRAY FOR US

Still waiting for double digit, smell like broke 

Que? What? I don't get it.

this is the bottom

I think we are going to witness a breakout to 800+ levels within the next 90 days.

First we have to get pass this one:
"US Government to Sell 44,000 BTC in Final Silk Road Auction"
http://www.coindesk.com/us-government-to-sell-44000-btc-in-final-silk-road-auction/

WOW 2.5k wall at 240 on BFX. Prepare moon suits.

people are CONFUSED by the blocksize limit. people trying to rationalize a 7TPS monetary system holding value, the NEED to believe in bitcoin value is very powerful!  

bitcoin has always been about building a new monetary system which exist as a ghost outside the machine, accessible to all, anywhere anytime. don't worry, we will have our cake and eat it too, block size will increase and so will full node count, and it will be <5cent a TX and there will be totally free trustless "micropayment channels" and we'll have side chains processing stock market trades / smart contracts in a transparent and super fast irreversible irrefutable manner
give it 2 years
BAM 32,000$
 

I would love to see Bitcoin really take off like it did when karpeles was manipulating the price. His bots made us a ton of money. I just think that currently there isn't enough movement to justify keeping much money in limbo. I do see reasons for waiting it out though. If you're very young, without resources and don't have much money to play with then moving it somewhere else won't do you much good. You may as well leave it alone and gamble on a large increase making you a few hundred percent profit. Also, if you're a bitcoin cultist you wouldn't sell at any price so you don't care if the price barely moves. A pure profit driven trader should know better than to hang out for ages waiting for a huge increase especially considering what we all now know about the reason for the original bubble up to $1,200.

choo choo?

Prepare for the big price crash. I just bought back in so it should crash down to $200 now. 

If this is indeed a parallel universe we are living in then we aren't jumping to 10k, top to top last bubble was only 400%, so top of the next one would be $4800

270 broken - I'll echo what rjclarke said above me - Please God help us in our time of need, or China.

Is this any good?

It feels like the old days.

Major Alts are lagging like hell while Bitcoin (modestly) soars. A good sign, I would say.

There seems to be a lot of upset, worried bears trying to convince themselves that we'll 'soon' be crashing below 200 again.

Pretty much exactly the same as me. Without going into specifics I've only just got into profit. I'm planning to HODL long term any way but it's nice not to be at a loss on all the money I've pumped in any more.

fuck man the guest at my gf halloween party just won't leave, i made a "last little coffee" and everything, STFU and go home poeple.  

During my 20 days, 5 hours and 59 minutes in this forum, I've come to two conclusions.
1- Half of the people here are comedians.
2- The other half have no sense of humor.

Not all the time. I enjoy discussing celebrity faeces when I get the chance.

Already down ~$10 from 363 high and selling pressure is continuing. Not sure whose gonna run out of ammo first at this point, the bulls or the bears

Nerve wracking stuff, this one hourly candle is quite the fight

she: what are you doing honey?

me: just checkin the charts...

she: that´s what you are always doing!

me: this time it´s different...

 

Unsettling isn't it, even for us mere HODLER's.

I'm glad I'm not a day trader though, some of these guys will be getting burnt badly.

No spooning, OK?

Isn't this what you signed up for? Beats a 50 cent movement every fortnight no matter what direction it is.

Say what you want about BTC, it sure makes a great currency/unit of account. Send it anywhere in the world in, like, about 10 minutes, and still have no clue how much it'll be worth when it gets there.

yeah me too, liked the 200 to 300 range much more.

Nope, was buying the entire bear market season.  That's why nobody cares to read what a bunch of Johnny come lately dbags post chanting for the price to go down so they can send their $100 to coinbase to get some because they were too dumb to buy at $230 and went full fiat.

i posted this less than 1 hour ago, price has climbed 7$ since, we are well on our way at 11cents a minute.

once we cross 460 we will NEVER go back there again.

Hasn't broken anywhere yet. But yeah, something's gotta give within the next 24 hours.

stamps walls keep getting bigger and bigger and bigger

absolutely nothing.

likely it means there are algorithms placing phantom orders at a faster rate than usual.

non-trader huh?

In 2 weeks price will be >500 because I hodl!


I guess it's mid-August. Last time I saw a calculation it's mentioned August 2016.

Gonna need you monkey scrotums to stop trying to scalp 1/10th of 1% profit everytime we try to pass 365.

Been at the football today, haven't been able to check the price until now.

Is this gentlemen?



Nice to see a bit of a pump today, any particular reason for it?

Sound logic, if this doesn't make people want to buy all the cheap coins then what will?

Buy now or cry later gentlemen.

i'm living with my GF, and i'm trying to rent out my condo,

my bank account is under heavy pressure   

Oy.  I take it your condo's still not paid off, otherwise you would'a sold it for crack bitcoin..
You sure it's a condo and not a timeshare, Adam? I remember those were pretty disruptive and paradigm-shifting, like bit-coin.

Forget that condo, Adam, BTCcoin already took it away from you.
Whatever money comes your way -- why, you'll just gamble it away again, this time on Beanie Babies, or MMM, or Powertron Free Energy In Pajamas, or whatever.

Surely we'll power through 400 within an hour?

Staying over 400 is an entirely different story but I'm expecting 400 to be breached.

$4,800.00 BTCitcoin for Christmas? I think so!

*Disclaimer, if you buy @$4,000.00 and we don't make it to $4,800.00, don't cry to me.

P.S Next breakout @ 5:40 CST.

yes sir! Trolls get upset when they are losing money...

Just crossed over into the green on the 1 HR moving average with no pump at all!
People aren't using this indicator anymore?

it means the upward momentum may be petering out.

Almost crossed now.

You are a very stubborn young man. For the last time, what is the basic principle of your invention? Is the secret of your airplane muffler more important to you than your life?

Where's your funny accent then?

Well then stop dropping your H's. Those are important.

Happy New Year (little late)

BTC to the Moon 2016 ! (and in person 2020)

Greetings from Austria

Attention men!

I know you've been wondering about what makes me invisible to you. That is not necessary for you to understand. Even though i am but a beam of light, I can, at all times, see you.

ChartBuddy, ChartBuddy give me your hand
Give me somethin' that I can remember
Just like before we can walk by the shore in the moonlight!

guys i neeed your crystal balls !

Drop or rise ?

Pretty dull price action at the moment, maybe we might have a price rise in the next week or so?

Banks have been on lock down over the holiday period, nobody has been able to get cash into the bank until today (I'm basing this on the massive queue's I saw this morning at 9am).

Let's have another run at 500 gentlemen

Gentlemen!

Your latest Hero Member is here!

guys... the US govy is manipulating the price of pms down, meanwhile, they are manipulating the price of bitcoin upwards. additional adoption is week because new user adoption remains extremely weak. the us govy pumped bitcoin for the marshal's auction.. to make a profit. .... this pump was also used in a desperate attempt to draw in more new users... problem is the flouride and aluminum brain coated morons wiped out some bitcoiners, because those bitcoiners knew what the real value of bitcoin should have been at the time.



bitcoin is a SCHEME to scam people from buying pms.

^ WTF

^^^^ Horrible lies by a shameless pumper


It's a premined scam coin with ever-accelerating inflation. No one uses it, it has no exchanges or services, and it has been crashing since May 28th. Or so I hear from a c0ckr0ach.

Best just stay 100% BTC, sell your house and buy more at $580, get loans or leverage to go above 100% if you can.

Cheers

Sometimes I just feel like quoting myself. Sorry about this
[/quote

Tell me more Matthew...

r u serious? 690 is only 10 dollars less than 700?

the only thing on my mind I'm trying to keep this place white

I call up Guy Fieri "I need an oven tonight"

Everything cooked well I'm makin' lampshades and soap

While I count to six trillion in my S.S. leather coat.

if it hits $32k i'll be masturbating watching bitcoinwisdom.


edit: hell, wouldn´t even need to masturbate. instant come.

i read about bitcoin in a news magazine in feb/march 2011. no IT knowledge at all. i decided to invest $3000, price was around $10. boy, it was hard for me to find out how to set up an account @mtgox and how to wire money to japan. the money took ages to get there while price was rising every day. the day it arrived on my account was the day of the peak bubble. instead of buying 300 btc i could only get 120. i hesitated. price climbed like a rocket. so i bought 100 btc.

aaaaand… price stopped to climb. bubble popped. it went down for the rest of the year all the way down to $2. i had managed to lose $2800 on some japanese online scam. mtgox was hacked while the the price went down, i could´t access my btc. decided to throw my account details/password into the garbage and felt so ashamed that i told no one about it and forgot all about it for years.

it wasn´t until march 2013 when some customer walked into my store and talked about bitcoin. didn´t even rang a bell. when he mentioned mtgox i remembered this tokyo based online scam and told to him to shut up talking about this fuck-up. the customer insisted it wasn´t a scam. i googled it. he was right, mtgox was still around. price was around $68 WAIT…WHAT??  i felt even worse, having no memory whatsoever about account access.

the guy suggested to write to mtgox customer service. i did. fuckin 10 minutes later they granted me access to my account, 100 btc sitting there untouched for 2 years. i got hooked on bitcoin that moment.  

after this little skirmish i'm thinking straight up to 850ish.

7 or 14 days of this kind of action and we'll at 3000$

I just realized that despite how we dropped from 780 to 707 and then back to 757, today feels like a pretty calm day somehow. Anyone else feel like that?

There was very impressive volume and support yesterday at 720 and this morning there was a huge wall but it's been pulled and now the order book looks like crap.

We should see a new market cap ATH soon, was it around 13b?

There used to be so many bears in here. What happened to them? Identity crisis?

Ladies and gentlemen, due to limited fuel we had to perform an emergence landing... Pilots have sobered now but the fuel tank is empty...

Joking aside, I didn't expect this to escalate so quickly, I didn't have time to decide to short, all happened too quickly...

Oh oh.... here we go again.

https://twitter.com/cnLedger/status/744528738113642499

Prepare for liftoff! 

Statistical impossibility!  

*Edit:




*Edit No.2:

We were in the 300's not too long ago, this dump shouldn't bother people too much. The price will rise again significantly after the halving.

Remember you haven't lost anything if you're HODLING.

Thanks but you know, age is relative.

When I was younger I associated mostly with people much older than me, and now most of my friends are considerably younger than me.

I have trouble hanging out with people who just want to talk about the past, complain, or discuss their diseases. I still like to party.

I also am more attracted to women who haven't reached menopause. It's not a "curse", it's a blessing.

The Socialist People's Republic of China ... just censored me!!!  



I just found out today! .. An interesting & important thing!!!!


*Listen:     To become a CEO/owner in China of an enterprise with global implications, you need to be a full member of the communist party!




*Edit: Meaning that the Chinese Government is 100% in cahoots with bitcoin and the control of the price and profit!


Imagine now if something happens to the Global Economy, China can devalue their currency by pumping BTCitcoin, without devaluing their currency against the other major global currencies!

[Mind Blown]

LOL Thanx.

Actually I'm proud to have been born in the 1940s. I missed the depression and World War II but got to witness some of the greatest technological advances of the late 20th century.

I got to see horses on the streets of Toronto delivering coal, bread, milk and blocks of ice. Our neighbors across the street in the Beaches neighborhood had pet horses. You could still drink out of most lakes and rivers and most people didn't lock their doors. I also saw Toronto's first subway open, listened to Sputnik beep, and watched Neil Armstrong step on the moon.

I got to see my first computer, an IBM650 with revolving drum memory and vacuum tube logic circuits (running fortran, cobol and algol) in 1960, and then visited the Artificial Intelligence Center at Stanford University in 1968. I watched computer networking go from BBSs on my TRS-80 (400 baud modem!) to today's internet of P2P networks, the cloud, and antisocial networking like Fussbook and Twit-ter.

Now I'm looking forward to the merging of stemcell research, genetic engineering and nanotechnology. Hopefully that'll buy me a few more years to enjoy the benefits of my Bitcoin stash and other investments.

Isn't life great?

I remember telling your over 2 years back I was in Toronto on holiday with my wife. I loved it there! Horses delivering coal etc? That's incredible. Way too busy to do anything like that now!

https://twitter.com/BitfuryGeorge/status/746214539310489601

For real? Seems like a betrayal of confidence floating this on twitter ...

The article is nearly pure nonsense because the actual facts, including the price breaking strongly (and seemingly irreverseably) above $500 speak loudly and convincingly that people are buying bitcoins and the ones that matter (those buying) do not perceive bitcoin to be broken... otherwise they would not be paying more than $500 and then more than $600 and then more than $700 per coin..

So, yeah, hard to convince people when we cannot get BTC prices back into the $400s.. and even the $400s was not a bad place to be, after BTC prices had been in the $200s for nearly a year.

But, yeah, Tzupy start preparing your bear ass for continued upwards price movements, and you must realize that there is some chance that we are going to have continued resistance in the upper $700s and also in the $800s, but seems likely that if we clearly get past the mid $800s, we are going to need to brace ourselves for the $3k plus price territories.

Are the price manipulators even trying? The market has been doing completely random shit lately. It's like it's not even about money anymore. They are just trolling everybody for lulz at this point.

Who will grow faster? BTC or Mark? 

what a prick. i knew it. but didn´t think he would go that far. what idiots like him do not get: they are making bitcoin more resilient. every crusader that is not able to kill bitcoin will one day realize that he has been used as a free sparring partner.

He's a socialist academic in tenure at a tax-payer funded third world university ... what else is there to understand?

He's the typical scum that has bought humanity to its knees through a tragically-failed ideology and attendant rent-seeking classes. It's important for them that their world-view destroyed by prosperity-generating examples of liberty in action is not exhibited to a wide audience.

do you feel that feeling of impending doom?

lots of people are feeling the same thing, thats whats happening...

It was nice knowing you guys... I'm done with bitcoin 



.... until the price rises again in a year or two

Horrific dump. I'm at a wedding, supposedly enjoying myself..........until I saw the bitcoin price.

WTF happened mannnnnnn!

why it died? the name could be changed to bitcoindeadtalk. it's gonna need a few years of post mortems so we can all learn something.

I explained Bitcoin to my grandmother and she thought it was a great solution to the problems of banking and fiat currencies. She pulled out her pocketbook to buy some bitcoins then she stopped and said

"wait, are the blocks going to scale beyond 1mb or are they going to offer some sort of channel solution to handle transaction volume?"

I told her it was still under discussion.

She slammed her pocketbook shut and said "I'll stick with fiat thank you very much!"

A $10 drop, nothing really worth getting worked up about? Bit of a non event in my opinion bro.

I really do like this increase because I bought some yesterday and making a little profit from it rising almost $10 in the last 24 hours.

Assuming nothing major has happened, a cool-off like this may be a healthy correction for the next leg up.

That's not a bad idea actually.

Why do you specify "today?"   

What is special about today?

As far as I see the matter, we haven't really bounced out of the channel of the past couple of months, which is about $560 to $630, so unless we are trolling, exaggerating or spreading FUD, how can we get excited about price movements within such a channel? 

Does someone want to suggest that the channel is more narrow? or that we should get excited based on smaller price movements (such as price movements of less than 5%?) ?

Why so violent Dafar? Are you still butthurt about a bad trade or something?

I'm a permabull hodler that, after 3 straight years of witnessing bitcoin NOT becoming the uber global phenom that everyone was going on about in 2013, I believe have earned the right to be a little bearish now and then.  I still have not witnessed ANY new major Average Joe money, nor major investment money, nor major retailer adoption happen in that time either.  The only thing I've seen is the occasional PnD bullshit that we're all so familiar with by now.

So fkn sue me bitch.  Also, let's see how the year finishes up before you start calling it a full on uptrend, eh? Bitcoin has steadily been losing some marketshare ground to shitcoins for 3 years now.

Edit:
Well, well, well, looks like ol' Dafar is just as bearish too.

Toilet paper, bullets and of course an offline download of Pokemon Go is all you need to trade with when your neighbourhood is smoking rubble.

Shitty though it is, there'll be plenty of info about it on Coindesk. There's also dedicated ETF news places like this - http://www.etf.com/channels/bitcoin

And r/bitcoinmarkets keeps a close eye on ETF progress. They discuss it a lot in the daily discussion and its progress is linked to in calendar on the right.

This is my understanding too. The rule change green lights the ETF as an exchange-traded note. They don't need any other form of approval from the SEC to get listed.

Good AM Bitcoinland.

Still in the $650s at Bitcoinaverage... $658 to be precise.

Looks like we're back in sideways mode again.


4.5 million bitcoins? That's over a quarter of all the coins mined to date.

Assuming that was a typo and (s)he meant 4500 btc, I still don't see it. Even that amount in a single market sell on a zero-fee Chinese exchange would have caused considerable slippage, which I don't see.

I'm curious too.

People who were there in 2013 know that a 10 times quick pump is totally possible.
Ethereum is dead. Bitcoin is the only blockchain that matters. People notice and buy bitcoins.

I'm getting messages and e-mails from people who heard bitcoin from me 3 years ago: those days are behind us but those were the days in which I was sponsoring and advocating bitcoin the most.
Do you know what I do today with those communications? I DELETE THEM! I said what I needed to say to them long ago.  

Momentum is building, I hope we don't have too harsh of a correction after this. Maybe if we push hard up to $800 there will be lots of people taking profits but this kind of steady rise is sustainable I'd say.

Our battles are further down the road RJ, I'm expecting us to have to make a similar decision around the time of the next halving when the pressure to sell my coins may be too much to resist.

It's an easy decision to continue HODLING right now though obviously, this is nothing in the long run.

I haven't said anything about a "crash" but something like a test of $660 is entirely possible.

This is the end of this year pump? 

That's why I'm here.

Face it. Slow accumulation of a nest egg is pretty boring.

The drama of the market swings, especially the obviously manipulated ones, can provide excellent entertainment.

the storm is coming

http://e24.no/digital/digital-valuta/banker-forbereder-seg-paa-digital-valuta-jeg-tror-dette-kommer-til-aa-snu-ting-paa-hodet/23849012

This is it, time is up. rewards have been halved, hype is brewing. Bitcoin always going to be bummin' around, and paper $$$ only gets less useful by the day.

In 1 week we will be pushing 800

In 1 year we will be pushing 2400

In 10 years, global economic unity.

Liquid fucking bits

No. You've made some false assumptions. I won't be too specific because I also don't want to disclose too much.

First off. When I said it would take 4-5 coins, I meant at $10k per coin to cover the total amount fiat I've currently spent.

The $40k+ I've invested includes the $6k I paid for the 50 coins I lost at MtGox.

The $150/btc figure was just a rough guess and a while back at that. There are all kinds of intangibles like the cost of my mining expenses versus the coins I mined, and the coins I received as tips/gifts and those I spent/donated. It has also risen to over $200/btc. I keep buying the dips but the dips keep getting higher (this is a good thing!).

Let's just say I have over 100 and under 1000 bitcoins.  

Here is some info to your query.
https://bitcoincore.org/en/2016/10/27/release-0.13.1/

it feels very stable for it's high price. nice feeling to have. last time it was up here it was shooting around all over the place, changing by hundreds every few hours.

that shit probably won't start happening again until $1600+

Keep on dreaming guys china will show u all what real manipulation is, back to 660 and staying there till some big news is coming out

Patience. You'll have thousand % profit in just 2-3 years.

Where do you safely store such a large amount of silver?

After we pass the $785 mark on Stamp there's no real resistance until ATH. And you know what happens when we approach ATH, right? Media frenzy, irrational exuberance, and exponential we go.

On most other markets (Kraken, BTC-E, Huobi) that resistance point, which is the mid-June high, has already been broken. The other side of the story says that on Stamp we had a double or even triple top, which should be a bad signal.

But Bitcoin never gives a fuck about TA or double or triple tops. Up we go. I'm buying!

Bitcoin going full retard

market will blast pass $1000 and then there will be waves of selling, but magicly! we'll end Feb >1200$ and then this shit really gets interesting.

you stocked up when?  In the $200s? or some other price points? 

Remember in mid to late 2014, it appeared on a few occasions -prior to bitcoin reaching the lows of the $200s that bitcoin prices had reached their bottom (for example in the $400s in early summer 2014  and then in the upper $300s in about October 2014). 

Those ended up being somewhat sad times in bitcoinlandia because the price stability ladder kept going down.. and then got stuck in the $200s for almost a year... so lots of holding and lots of loss of hope during that time... and lots of folks whose BTC holdings were quite far in the red.

Hear Hear! I'm with you brother. A little later to the party, started buying May 2014 but even that is looking good now. I'm at treble my initial investment, actually sold a few coins the last few days (only what I've earnt through sig campaigns really). HODLING hard now though for a year or two I think.

Nice one. Picked up most of my post-bubble BTC in the $200 range. Last buy for myself was at $300 last November after the rally to $500.

I HAVE a boat! Two of them!

Edit 2:   I may have to take back everything that I said (we are quickly at $920 and lots of coins are being gobbled up at the $920 price point).   Accordingly, it is now looking like uppity is in the current mix... and probably the next test of resistance will be $1,000 than ATH and then $2k and then will we make it into the $3 to $5k price arena before experiencing a considerable correction?   A correction seems like it would be good, but we don't seem to be inclined for such.

Well I guess you are not making enough money out of it.

Never show the wifey your private keys.

Or more likely split and take half, plus part of future earnings.

My wife's reply: "It's all monopoly money to me".

#alphanumeric FUD incoming

The sell off at 973-974 told you to go to sleep and have pleasant dreams.

this is the third dump attempt since yesterday, which results in triple epic fails..

you have to try harder bears. ooo whats the matter with you? you have run out of coins??

no problem, i can give you a secret. FIRST , buy coins, but REMEMBER we arent selling low.

Amen.

When prices are rising, I'll wear my BTC ballcap and when people ask about it, I'll answer their questions and perhaps tell them about how much I've earned in 4 years (on paper) by holding bitcoins. I do caution them that if they buy in, they should hold for at least 2 years and preferably 5 or more. I never tell them to buy.

Some of the smarter ones look into it, buy in, and thank me later for turning them onto it in the first place. Those who passed on the opportunity generally keep their mouths shut.

Of course most people don't have a clue what the BTC on my hat stands for. You'd be surprised how many people think it has something to do with the Boston Bruins hockey team. Other than telling them it stands for Bitcoin, I'm not gonna try to explain anything to them unless they ask.

Pearls before swine.
_______

Oh, I see our little dip has bounced halfway back already. That didn't take long.

^forget about dogjones at 20K we have bitcoin screaming past $1000!!! 

remember? 

Remember this guy? He's still here reading but for some reason doesn't have anything to say...

It's now 2017 UTC. Happy New Year everyone.

We closed off 2016 at $968USD at Bitcoinaverage, up from $434. Not a bad year.

That's $1301CAD, up exactly $700 from a year ago.

We've had better gains most other years percentage-wise, but considering we're heading into 2017 in a steady rise with lots of corrections and a feeling that the rally is just beginning, I'm more than happy.

Cheers all.



Here in the Big Smoke we've still got almost 5 hours until we sing Auld Lang Syne but it's never to early to start partying.

Cheers again.


Interesting threesome right there!!! Jeremy, Queenie and Putin!

1000 ... cool but not shocking or even that surprising really, where to from here?

i) Consolidate around the $1k mark, some chance of rather deep dump also but eventually coming back to $1k mark.

ii) New ATH $1165 is now definitely on the top of the list for upside targets. From there $1500, $1800 and $2000 have to be good psych attractors also.

iii) Mad bullish (5th adoption wave) scenario is to keep trucking on the doubling trend, $1800 by end of March, $3600 mid-May, $7200 early June, $9588 blow-off top late June early July.

Winklevoss ETF the 10th of January right?

$1200 sooon™

 


#radarzzz

Just curious...

Does anyone here have a number in which they will sell their coins in the short term or are most of you staying for the long haul?

 

Interesting, will take a look. Basically I cash out to pay bills, so nothing fancy required. But even that's hard to come by in the UK...

Now I don't really claim to know a lot of technicals or necessarily believe in them period but..

Think percentages, not dollars.

This is a good question, one that I have been thinking about.

Vinny Lingham predicts a slow and steady rise to 2k-3k during 2017. His judgement seems as good as anyone's to me. But I agree there's no way in hell we're gonna go slow and steady to 100k, or even 10k. And yes I'm thinking in log axis. Suppose price multiplies by 2.5 x per year. Five years of that would get us to 100k. But can you imagine that actually happening? Once that pattern establishes itself, someone who thinks in terms of years is gonna try to frontrun it and will be willing to buy at a premium, short term traders will see that happening, the price will go parabolic, everyone will know it's day traders responsible for the short term parabolic rise and will try to front-run them cashing out, big crash, and there you have it. So if it's truly going to the moon, I think it's safe to assume that it will be a volatile ride all the way to the top.

Hmm, that gives me an idea on how to model the magnitude of the swings. If you knew how many speculators there are (in terms of how much capital they are working with) and what time frames they are working in (long term investors or "long-termers," minute to minute day traders of "short-termers," and everything in between), and the first people to go long are the long-termers and the last to go long are the short term day traders, with the in between being the in between, then the parabolic rise ends when the progression from long termers to short termers runs out.

My bitcoins are only worth more than what they were worth less than a month ago ;(

really? seems fine to me. the rise was a little silly and unrealistic. anyone shocked by this hasn't been paying enough attention the last few years. let's see what the rest of this month brings before getting gloomy.

Hodl.

That ask side is looking pretty big and growing. What does that indicate?

Wow, I damn sure hope we're en route to getting into wave 3, that'd be a hell of a sight & very profitable for many of us.

The chikun broke up, let's see how much this influences bitcoin.

Well, if we don't start going up today, we'll go up tomorrow, and if not tomorrow, the day after..... I've decided to take the "it's all cool" approach 

Seeing how all the FUD spammers are having such a jolly time, maybe I should join in.



 

It always feels bad when the price drops exorbitantly, and if you are prudent, in any kind of way, you are not investing more than you can afford to lose... right?

On the other hand, if you are gambling, and investing more than you can afford to lose, then you are going to feel a lot more stress about these kinds of situations that are actually within the realm of expectations.

I don't think market behaviour like this will look too impressive to the SEC pondering ETFs right now. Bitcoin has lifted her skirt to reveal a sloppy pussy, or double dick arrangement, or even BOTH.

https://coinatmradar.com/countries/

Be prepared to comparison-shop. Rates vary considerably. Where I live they range from 1% to over 15%.

Hey, I've just noticed a pattern that this crash fits into, but it's only visible at very long range. (You need a big screen preferably to see this - pull the browser page out wide if you can to grow the image to full size. Sorry I couldn't get the pattern very visible at small scale).

This correction may not be as bearish as we think and seems to fall into a "family" of profit taking moves associated with the rise that started back around July 2015.

It appears that every 7-8 months (every 4-5 months earlier in the rise) there's a big profit take like this which always happens at the top of a spike when the market gets ahead of itself. (I call them "propellor corrections" because they look like an aircraft propellor from side on since the price corrects to about the same distance below the trend line as the 'overheat' got above it). All the same there's a longer, underlying trend where the upwards revaluation grows steadily steeper, even despite these crashes along the way.

When the pressure-relief gasket blows on these bubbles it always corrects to just below the top of the previous propellor pattern. Same every time but increasing in size. Then there's a period of consolidation, followed by a slow rise, then steep rise and another gasket-blow.

Each time the correction gets bigger, but it still seems to stick to the rule of dropping to just below the last spike so that the growth trend isn't broken. I now think I'm not the only one to have noticed this and that big players are actively trading this pattern, watching for the overheat-spike and knowing exactly when to profit take, driving that bubble into full temporary reverse with shorts for maximum profit. But they also must know how far to take it because the last spike gives the reference level.

This one was perfectly timed - 7 months exactly.

Judging by its size and perfectly placed timing, we could be in for a very big rise over the next 8 months if the long term trend continues because the vertical distance between each "overheat" phase increases each time by about 60% to 70%.

Just sayin. Context is everything

I do feel that they will leave it to the auto-approve as I said here before.

Bwaahhahahahahaha!!!!

Deutsche Bank Joins Venture to Offer Blockchain Products
https://global.handelsblatt.com/finance/deutsche-bank-joins-venture-to-offer-blockchain-products-682447

A choice quote:

"Some banks are already using blockchain technology to conduct security trades with utility settlement coins, a digital currency, instead of traditional bank transfers. By going digital with blockchain, banks don’t have to keep as much capital and liquidity on hand for financial transactions."