Well, I'm bullish, as well. But we could really go either way from here. We may be in for a big bear trap, as well. Going down to re-test $150 is a definite possibility now, but we could be at $400 and counting in a matter of weeks, as well. Could really go either way...

I believe the price going down have been a very important factor to slow down adoption the last year and a half. But there is a real and hard limit to how far down it can be pushed. Hopefully, we found rock solid ground in january. The price doesn't even have to go up to gain traction. Constant value would outperform most currencies. And adoption will lead to growing price, more adoption and and and... you get the picture  

$1498

where is moon  

Apple pay make shops install NFC terminals. I assume Android Pay will do the same. This is good for bitcoin 

Well they've tried & tried & tried to force the price down.
They've failed that's probably why they've gone quiet.
I think we'll begin to creep up any day now, possibly touching 270 before the end of June.
Coins are still cheap, I think we've reached the bottom, I suggest people buy in NOW before we begin a rise.

Bullish as Fuck.

maybe later, ill update bitmovements.

I just have to tell you what happened today, guys.
I organize Oslo Bitcoin Meetup, the main bitcoin event in Norway. For the next meetup, I have invited several banks. One bank wrote back today and declined to come, saying they wanted to be neutral on the topic of bitcoin. I mailed him back and told him that his bank has been buying bitcoin on Nasdaq Stockholm the last couple of days, lol!

So finally here comes the awaited crash. Are you ready to catch the knife?

P.S. after the eradication of the longs this is a definite buy!

OKCoin 100% fake. Sell everything you got now or burn in hell with Star Xu.

Everyone's eyes should be glued to the charts at this pivotal point.

I FEEL BEARISH

Relax, we are going back up soon, just like the last time

we broke every trendline.... This is never going to stay stable above 200$ for much longer... Just one big guy saying he is done is enough right now

Yes, just like the last time
I am Holding

Three toed slothish?

You heard Mayor Bitcorn

I just coined the new name of previously altruistic scaling problem fixers Blockstream:

Cockblockstream!

(I know, I should have been a stand up comedian.)

Thanks!
Current situation: The bitcoin-buying bank (Nordea) are not comming to my bitcoin meetup on friday due to their "neutral approach". BUT: A bigger norwegian bank chose to come! We need these banksters to on-ramp bitcoin. And the banks sitting on the fence are going to be left behind. I actually see several tasks for banks in a scenario where bitcoin has become the default currency, and I see more tasks for them in the transition period we are in now.

On friday, I will also reveal my new, free, open source project of the "Tinfoil Dice HD Wallet" during the meetup. The most secure way to create a wallet you can use the rest of your life. (Well, that's what I think, but I could be wrong, lol).
I will publish my shit here, before I publish it on reddit. On saturday or sunday, depending on how heavy my hangover is  

Let's hope so inca, we need something to stop this downward spiral.
I've just bought because we've been going down for a few days in a row but maybe I should have waited?
Hmmmm I suppose it was better than buying last week hey.
What is going to end this bear market, i'm getting sick of it, a few whales are trying to kill us, come on people don't let this happen.
Buy coins, buy them now & send us the other way.

its over guys we gave it our best shot but sadly this is the end,  trolls were right all along, sub 200 is coming and then double digits. I am very sadden that bitcoin is dead, and it's a shame I bought so much on the way down thinking it would eventually "bounce back" and make new highs, clearly this is never going to happen. time and money has been expired to no end. this is gentlemen.

Relax, he just ran out of beer!

I just love getting slaughthered!
But seriously. I'm nervous. I'm just too nervous to not hold bitcoins the 3 to 15 minutes when the price sky rocket!

Bulls craping their beds 

Don't be greedy. 220 is still a damn good price.

I can't see any more down the hill. Don't expect 180-190 $ coins.

So you think the price of Bitcoin will never go below $200 again, ever ?

It'd be good news if they were going to put it off and allow Bitcoin businesses to thrive in NY.

crazy stable price for the past 5 hours...

something big is about to happen i can feel it!

Just saw this article: Bitfinex and BitGo Partner to Create World’s First Real-Time Proof of Reserve Bitcoin Exchange.

Is this system already in place? Haven't heard any mention of it in the last week or so..

http://www.businesswire.com/news/home/20150603005462/en/Bitfinex-BitGo-Partner-Create-World%E2%80%99s-Real-Time-Proof#.VW8C-Gnn_qB

no fake volumes <=> no rally

World’s First Real-Time Proof of Reserve Bitcoin Exchange

they feel bad for holders

Yep.  More good news.  Like Mr. Buffett says, panic when others are hopeful.  Wise words.

LFC_Bitcoin, how much money have you lost on Bitcoin, up to and including today? You're not doing anything crazy like actually buying right now, are you?

Those of us who have HODL'd & bought whilst the price has been low for so long will have a good laugh at all the bears drowning in debt as the price rises.
Your time is over bears, submit to the rise of bitcoin, mainstream adoption is just around the corner.
COIN ETF & Gemini Exchange next then moon.

Just trying to figure out what I'm going to do with my millions

Exchanges show such a small part of the market. How many coins are traded back and forth on them compared to how many coins are held of exchanges. Once the price rises significantly and those coins are held by traders rather than traded all the time, liquidity dries up fast. Saying that I think we are a year or two away from another ATH.

i am waiting on the chinese panic.

Four Punch Raiders: confirmed.

Next 48 hours: absolutely critical.

Inflation and decreased demand?

https://np.reddit.com/r/Bitcoin/comments/382f6e/current_bitcoin_inflation_below_9

That's just the way we talk

FUD about the new bitcoin update about block size, among other things, and people prefer stay in fiat if possible

We have many new players coming to bitcoin all the time in the form of retailers, traders and miners mostly.  Yes, the "miners" portion is probably slowing down a little bit but they are still coming.  I see newbies in the mining threads all the time asking questions about mining.  The new one's who come along pick up the slack of any oldies who may have left bitcoin behind.  Especially, the newbies to trading bitcoin.

We are still very early in the game for bitcoin.  It's a new technology to most; much like the internet and email was to most when it first came out.  These things take time.  So, be patient and let the blockchain work things out.

We have many venture capital groups who have invested a lot of money into the technology of the blockchain.  Many user friendly apps for financial institutions will be coming out soon and will change the way billions in the world live their daily lives.  Many here may give up on bitcoin for lack of patience.  However, I know billions on this earth who have yet to even hear of it who will gladly accept it with open arms and give it the support it needs in great numbers.  There is strength in numbers.

As people in other parts of the world come into the fold of technology with smart phones and the like, we will see a increased enthusiasm for bitcoin - the application.  As other applications are created and used on the blockchain [with a relative ease and security] news will go around about the blockchain.  Bitcoin is not the blockchain.  The blockchain is bitcoin.  The blockchain is more than just bitcoin.  The blockchain is MANY things we have yet to see, but will see in time that will change the way we do many things in the future.

So, be patient...  The future is here...  It only needs a little time to play out.  In June of 2007 (eight years ago on June 29) we had the iPhone or the term, "smart phone."  That was only 8 years ago, people. Nobody ever heard the term, "Smart phone" until eight years ago.  Eight years is only a blink of an eye.  The "drama" in the price of bitcoin fluctuation is what it is - "drama."  We haven't had eight years yet with bitcoin.  

Do not fret!  Bitcoin (the app) will have it's day of recompense.  We just need to be patient and wait on the many other things the blockchain can do.  It's all about "the blockchain."  Not bitcoin!  Bitcoin, is only an application on the blockchain.  Be patient and watch how many other apps created using "the blockchain" technology changes the world.  THEN, you will see a change for the better in how the rest of the world values any other applications, such as bitcoin, using the blockchain technology.

All this talk of saying, "If the price goes below this amount, it's over."  I feel the price of bitcoin is directly related to the value of "the blockchain."  If the blockchain does well, then most any application using the blockchain will do well; as long as it's user friendly.  We are making progress in leaps and bounds with "user friendliness" ever since the blockchain and bitcoin first came out.  Give it time folks.  The blockchain and and it's apps [Including Bitcoin] will do wonders for mankind the same way the internet has.  Just give it time.  

Those who give up on it will lose in the end for their lack of patience.  Six years is but a fart in the wind in view of time and how technology changes.  As more time passes, we will see great strides in the blockchain and many user friendly apps using the blockchain technology; including bitcoin.

David

This is one of the very few sane posts  on this thread and infact in the forum. Its all about blockchain.. bitcoin is just a tiny part of it. This is just the beginning of something great just wait and watch

I warned about BTC-e in one of my most recents posts and now they are down. Is this a joke or something?

http://www.reddit.com/r/Bitcoin/comments/38qmmf/btce_is_entirely_down_claiming_datacenter_issues/

News from the government of Nepal:

It is we who control what is going on inside the borders of Nepal. If you want to give the people here some food, by all means, do it, but we shall have our cut.

The people who live within the borders of Nepal are our slaves, they don't know it. You can not give them anything, whether information or resources, that empower them to cut their chains.

Welcome to our country.

I make the assumption that the idea of donating with BTC through the Red Cross and other channels may be impeded by the government of Nepal.

https://www.reddit.com/r/Bitcoin/comments/33v0qy/donate_bitcoin_to_nepal/

Patience my friend, just HODL your coins if you can afford to.
Put them in cold storage & take in, remember the bears/trolls/socks usernames, remember them for in a few years team if the price goes to the moon then you can laugh at them & stick two fingers up as you're sailing on a yacht with $1000 a hour hoes feeding you grapes & champagne
Hehe

What are those huge random buys every once in a while on Finex these days!? It just looks as if someone knows something... The bid side is also fatter than most times.

Very brave, you'll kick yourself if it goes to 10k a coin n then a major flaw is found and it goes to 0 without giving you a chance to sell at least some.

^DOOOOOOOOOOOOOOOOOOOOOOOOOOOMMMMMMMMMM^

It's definitely going fork up a few peoples day!

I heard a nasty little rumor about some big announcement this week. From the Winklevii.

Just got back home mate, I'm supposed to buy tomorrow as I have a bit of money coming into the bank tomorrow.
I might have to buy on my credit card in a bit & then pay it off with the cash I receive tomorrow as I don't want to end up paying 10-20 dollars more for a couple of coins tomorrow.

So is 'this thang' going to go off the chain tonight, 240 seems a realistic target by midnight, about time we had a bit of a break upwards, when is it appropriate to start posting rockets & trains?

I'm not getting money for bitcoin until wednesday. But I don't care. Because EVERYTHING BELOW 3k USD PER BTC IS A CRAZY BARGAIN! 

That was quick! 

That is one reason for this rally.  

Was just hoping that someone would notice the perfect inverse correlation. Let´s see if it continues.

Good luck, g

I'm very pro bitcoin but I've seen/heard nothing to suggest the Gemini Exchange will open Friday.
Seems like an endless wait for an announcement of some sort, I know it'll happen at some point but I don't think anything has been leaked hinting at an opening this week.
I'd love to be proved wrong though.

I don't get it, 4 donuts shaped like 0s equal a 0? Or, are they inferring that 4 donuts will equal the amount of digits the price will be at when their operations get rolling? Can't see a reason for donuts on their instagram page for any other reasons.

It is national Doughnut day (in the US of A)

http://en.wikipedia.org/wiki/National_Doughnut_Day

for some it's really so profitable

We are going up, same time as yesterday. Maybe a new bull day.

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

I don't give a sh*t about their silly, meaningless instagram pictures and tweets!
I just lied. I DO give a shit. I hate myself...

Not lookin good...

If you can't find something to hate yourself for then you're not looking hard enough.

Rye so serious?

The talk is tonight 

There are few already, and the list seems to be slowly growing. 

What's happening people, have I arrived just in time to see a show?

12K ask wall of
DOOOOOOOOM!
is crypto done?!

Too soon ??

TBH I was taking the piss ... after the 10k ask wall yesterday and now a small bump supported by big bids below, the whole thing feels artificail. Where it ends .. no idea .. but it feels like we are being toyed with  

Do you also write self-help books 

Hey, did not mean to offend  
And I'm not mad either ... just commenting on what I see happening - slow boring market, one or 2 big players flashing their dicks and comparing size ... hoping for a little lick from a minnow or a two

Does not change the end game much - BTC is what it is and messing with the price now won't change that in the long run  

And yeh, it makes total sense to me - we are warming up for a bubble in BTC-related IPO's in the not too distant future - thats how the big boys and the banks hope to make their money

I agree  
And in this transitional phase price can do pretty much whatever the fuck it wants , as long as it complies with the unspoken rules of whale-dick fights

Sounds like someone needs to rub one off.

Here, this should do the trick:




I've even got a superhero name.

I still don't think you are getting me ... I am not pessimistic or frustrated by any of it. Sad as it may sound I am mostly just excited to watch all this unfold (tho the whale porn does not really do it for me  ). Crypto, in one shape or form is a virtual inevtability in my mind, and its true potential is only just starting to be realised. I just hope that it does not get 'privatised' and the benefits reaped by the same small minority that currently milk the masses  

Wow, lmao.

So funny to watch the bears try and hide.

Greece is buying

Wouldn't hurt if the princes of UAE and Saudi Arabia started a "Biggest Bitcoin Wallet" competition.

Chinese summer buying panic.

strap your kids in, strap your wife in, strap your mom in, leave your wife's mom's mom behind there no time to conive her... and get yourself strapped in! quick!

We choose to go to the moon, not because it is easy but because it is hard.

LTC just jumped... it´s BTC´s turn!

Fibonacci retracement.

http://www.investopedia.com/articles/technical/04/033104.asp

It's not. Only if you believe math is a religion, not a tool

lol pulled

Guys, focus on the price - not walls and/or volume (though volume can be a pretty good indicator).

Supply & demand..

It's actually easy to get filthy rich on bitcoin. All you need is patience (and some cash). Buy & HODL!

He must've been hacked by Anonymint then.  He's the only one that mentions Armstrong Economics in every post.

I guess it will definitely go up anyway ,maybe monday even

Bid support has grown tremendously so it would have to be a pretty big dump, and sell volume is running low as usual this late in the bear market. Very risky for whales to attempt this if only to manipulate. Profit-taking is generally not enough to push things down when the market is ready to move up.

At the outset of larger uptrends you'll see a resistance to lower prices and low volume on the dips as some longs take profits and retail/gamblers load up on shorts. As a trader, I might take profits here (haven't yet) but would get long at the next dip if the price continues to firm up around $250. In that case many longs who rode the first leg will watch the bull flag complete on 12h/daily chart and jump back in.

I think we either go sideways this weekend or see a pump start sometime before Monday to mark the price up for people waiting for deposits to clear at exchanges. If we do see higher prices next week watch out because many of the whales are finally turning bullish, removing sell orders and attracting volume back into the market. The ask side of Finex is quite scary if a big pump takes off. Scary in a good way as there's little to stand in the way of higher prices, and it might run to the top of the trading range ($280-300) very quickly.

I repeat: "I predict the Internet will soon go spectacularly supernova and in 1996 catastrophically collapse." - Robert Metcalfe (Inventor of Ethernet), 1995

Does anyone believe that we are going to get back above $250 in the next few days? The market was really boring the past few months, and we've finally started to see some action.
However, the volume seems to be down again. On Bitstamp it is only 6.1K BTC.

? ? ?

... it didn't.

ahahah that's funny

I might ask you a similar question. Why do you believe that the price won't rise?
I've seen and heard different opinions on my situations especially Grexit. Some are saying that it will have a minor impact on Bitcoin or none, while others are saying the exact opposite. Wouldn't their best bet be Bitcoin and/or gold in case that Grexit actually happens?

Nonsense

Greece doesn't have a strong ultra-liberal movement like the US, nor does it have to bypass the government like in Argentina; yet. Nor is it starved of investment and speculation opportunities like China. There's just no reason for Greece to have a particular interest in Bitcoin, yet. In fact, Argentina is proof that people will acquire the skills if they need them. Plenty of "advanced" countries have less knowledge and less interest in Bitcoin than medium-income Argentina.

A decade from now? That's quite a long period of time and you might not even live to see that day. There's actually a treadmill test that tries to predict this.
Well what would you consider safe heaven now?
I could also argue his last part. Nobody needs to be "advanced" in modern IT to use/know about Bitcoin. It is relatively simple. As far as I know there aren't any laws in Greece that affect Bitcoin yet.
Wouldn't this be a great time for them to buy?

I have the log downtrend line at 262. Which is currently a paltry 4200 coins away on bitfinex.

It is just a matter of when the price moves up now IMO.

Btw who in their right mind leaves btc to be lent out short at 0.008% a day? lol

will we stay @240~~ for a long term?

I give it 48 hours and we will either break up or down out of the 240-249 $ range. Quote me on this later.

This is silly

its happening right now.

The next leg up silly.

Mr. Tsipras has announced that he doesn't accept the proposed deal and called for a public vote for 5th of July about the austerity measures. I believe you know what that means.

http://www.kathimerini.gr/820959/article/epikairothta/politikh/tsipras-oxi-sth-symfwnia---dhmoyhfisma-stis-5-ioylioy-live

I'll explain it like you're 5.

Buy if you haven't, HODL if you have.

Odds are, we're going to vote for "No". Thus Grexit.

@Ezmoneyezlife:

I don't expect a pump of BTC's price because Greeks are going to buy BTC. A few people here know what's all about it right now. I expect though within the next week a HUGE dump in all EU & US stock markets. They all know we're going for crash and they will be after safe havens. Oh, BTW, many here think that BTC is actually one of them...

OXI

a leg is a sharp move either up or down

often there's more than one

we also say things like "this rally has legs" meaning it will have a few more pushes up.

the initial leg up to high 250's from the 220's was corrected  and consolidated in the 240's and now the triangle broke up, signaling the start of the next leg up. this pic makes all that pretty clear.

painting lines on charts, is not an exact science its more of an art, but the chart above clearly shows there can be no doubt the triangle has broken, no matter how you paint that top line.

the next 24  hours are critical, because its about to shoot up and over 260, its already started! good news is it JUST started, short term target is 260 but anything below 300 is golden IMO, short term is bullish again, this thing is going to the moon long term, and midterm is going to be fucking crazy.

Hint: Monday is coming... tick tock, tick tock...

Greece imposes capital controls.  Greek banks insolvent.  Greece bails-in banks partially through retail depositors.  People realize advantage of holding a currency where imposing capital controls / seizing deposits is much harder to do.

I did.
https://bitcointalk.org/index.php?topic=178336.msg11723268#msg11723268

Wait. Let me make it crystal clear: 

http://www.zerohedge.com/news/2015-06-27/fx-brokerages-move-close-only-ahead-monday-open

I agree! Most people here (like myself) are long term hodlers. Understanding the potential. The "bears" are day traders. Being lucky for a year and half, but now they are fucked hard by high frequency traders. Some (like "Dump3r") actually changed strategy at the right time. Kudos to him. But people like Tarmi are so tied up in their old stategy - and identity, they are going to loose their stash. Unless they change. TARMI, DO YOU HEAR ME?  

Cool! Bears are short term, desperate people who don't run the game. (Big guy is running the game - to some degree....) And bulls are 1337

greeks have no idea of bitcoin imo.

no idea and no means to buy bitcoins.

Ha ha, maybe that could be the truth! I still think the weired bowtie professor has a hidden agenda. He is just tired and becomming human. He has been living too long in this cool environment. His boss should not be happy about it. But he doesn't know. Not paying attention. Just receiving records from Jorge, paying for quantity. And the longer we can keep Jorge in this forum, the more he is developing the Stockholm syndrome. We steal him from his employers. We are his new family. Let's take care of the poor hooker.

Yeah, could be the reason to celebrate for the years to come. The collapse of the system was inevitable, the trigger was missing...

Gentlemen. 

11 million greeks hit market buy with a measly 500$ and we get >32,000$ in <2 weeks.

>32,000$ in <2 years.

>32,000$ in <2 weeks. 

Much more lucrative to be in crypto. Her loss if she's wasting her time shouting at the wall.

Explains the gay porn

Apparently her name is Jean Porter.

https://groups.yahoo.com/neo/groups/TheIslanders/conversations/messages/3223

Seems like it. If she's not getting paid for all the countless hours she spends here, she needs to see a psychiatrist.

Come to think of it, she probably should see one anyway. Her obsessions can be a little weird.

I certainly don't think she'll stop us from buying or using bitcoins.

As for the newbies, I always advise them to thoroughly research Bitcoin, starting with Satoshi's white paper and including James D'Angelo's Bitcoin 101 Blackboard series, before converting any funds into bitcoins.

I also advise them not to lend too much credibility to articles by those with an anti-Bitcoin vested interest, such as banks, payment service providers or the mainstream financial media.

Any noob who would be swayed by NLC's FUD probably shouldn't be buying yet anyway.

Alternatively, any noob deterred by that FUD does not deserve bitcoin. I am convinced that bitcoin are an excellent long-term investment opportunity (hence my 4-step plan: Buy bitcoin, wait 600 days, ?, profit!). If you can't handle the risk, and are too scared by the price history (the 18 month downtrend), that is your loss. The rest of us are going to laugh all the way back to $1180 and beyond.

How long did it take for prices to move up after capitol controls in Cyprus?

China bout to get us going again.  

She's Chinese FYI.

Yep, American born though.

no

You're getting your news firstly from Fox News and now from the Daily Mail?! - possibly the worst sources of pseudo-news in USA and UK respectively.

if there is some a big move into bitcoin in greece, say this time next year 10% of greek pop uses bitcoin and its accepted everywhere in greece we could very well see 32,000$ in less than 2 years. 10% of greece's pop is ~1 million poeple, assuming these 1million poeple hodl a 500$ balances in bitcoin we're looking at half a billion dollars pumped into bitcoin, but it won't stop there, having a real world economy use bitcoin is going to improve investor confidence, and i could easily see 10-20billion get pumped into bitcoin as a result, but it won't stop there, economies will crash around the world one by one, and seeing how greeks all got rich off of using bitcoin, they will all want to do the same thing, the decentralization of world domination is well under way! but it won't stop there aliens will come down from the heavens and buy bitcoin.

I think coins will leak in via tourists.

Why would you ask them for permission?

Their power will diminish.

Just have coins.

Why not? Buy when you please, sell when you please, but holding some supports the value.

Bitcoin is useful now for some people for some types of trade. Since the penetration is so low, that means there are other people out there with the same kind of needs, so bitcoin will expand. When bitcoin expands, its liquidity increases, which means that new types of needs can be met. It is a chain reaction.

Just hold some coins, wait. It does not hurt to tell people, but it is not necessary. Those who make good use of bitcoin will tell their friends.

I can imagine being in a position in power. What I think they think is that they don't quite understand why people ask for help from the government, because they know that they can not give to people anything they have not already taken from them. So they are somewhat confused, but then happy to provide and at the same time shave off a fraction from that "help". They are satisfied with the feeling of power, the respect they get, and the money. To the people, it looks like they pay only taxes, they don't see the burden laid upon them through money printing and galloping government debt. Of couse they want to protect that, and try to hold bitcoin down. But what can they do?

No, just stop doing it

LOL ... I  MUST learn the YOU don't take orders - see the irony in that !!
And it was i request ... note the 'please' ... not an order 

Dick.
Ignored ...

Agreed..

Snipping quotes doesn't matter and it totally and unequivically up to the poster whether or NOT and to what extent to snip.           

309

lol right, hmm....
>$32,000 in <2 years, starting now!


oh and 309 because my gf had a dream about bitcoin charts, in the dream i was all super excited showing her the price was 309USD

Reloading at the 200 day SMA support--who's ready for some fireworks this weekend?

200 day SMA support

Calling sideways is basically saying 'I don't know so I'm not going to make a prediction'.
I will admit though - 'I don't know' . I doubt most people on these forums know either to be honest.

All the EW guys are full of shit & get most predictions wrong. Let's just accumulate & be ready for moon time
Those 32,000 USD BTC's will be nice

Wouldn't be surprised to see $280 within the next couple of days.

Edit: CCMF!!!

$280, here we go!!

Slow and steady up to $600 over the next 3 months.

Confirmed!

Fixed!
 

not to get excited, but there's not much resistance from here to 300. We could reach 300.

Credits for : klee @ PnF TA topic

Resistance is futile:

I feel that I must write something here, too,
hello, whats up ?  

What do those pictures mean?  Do you speak English?

Jeez another 200k sell wall @ BTC-e. Do these guys honestly think 270 is a good price for their Bitcoins? Or are they just trying to keep the price down?

they just trying to keep the price down

$270 seems to be holding.

downtrend again, was good while it lasted

They still can't buy it in their brokerage accounts.

I think the trades via Interactive Brokers has the ticker TMB (Timber Hill Europe AG).

weekend is coming, will we see a pump or a dump?

everyone fucking relax now:      


congratulations to all thread"needles" that own bitcoins. the next 18 months we will have a lot of fun.



 nasdaq headlines:  


http://www.nasdaq.com/article/bitbugs-bitcoin-as-the-new-safe-haven-cm494560

Big media will probably start mentioning it when we break the previous ATH, so 1100+.

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..

I am a fully qualified expert.

Hell

NO

Price may drop to $100 or something like this and I can lose everything very fast, right? Is it even possible? I'm really afraid of this.

The setup didn't pan out as I had hoped but I'm still holding the position. I think LTC will probably follow BTC during the upcoming bull market (as it did in 2013) so it will pay to have strategic positions in each. One should be cautious playing with LTC as it's a smaller market and therefore more volatile and prone to slippage.

The recent rally in BTC is fundamentally different than those that came before it in that it jumped the resistance between $260-80 very decisively and quickly on strong volume, with a large jump in price in a very short time (compare the length of the big 3d green candle to previous ones).

After a long, excruciating trading range where price has held resilience and various informed interests have taken position, this is a huge sign of strength and an indication that the market is ready to move up and begin to correct and recapture some of the lost gains from the year long bear market.

I nearly asked the same question but figured he meant from new income.

How can you buy more if you are all in? With new income right?

Hi Guyz!

I've developed a more open attitude to TA. I've even tinkered a bit with it myself:



Please tell me what you think.

That can't be right. I get the same number, but it seems outlandish. Would any blockchain-spotters care to comment?

Hmm... you do realise this is from 10 months ago?

... now less than 55,000 blocks until the rate of issuance halving. Any demand on the sidelines waiting for lower prices have a time cost for delaying.

Bitcoin is the fastest growing area of startup investment since mid-2012, huuray!

Sentiment-wise it sounds like we are in "disbelief" phase.

Moon.

I bet we'll see 269 or 265 before 300 again, but 280 is a fucking good buy, and so is 300, FFS its going to 32,000K next bubble scheduled for take off in ~2years, buy or die.

Something big is brewing. Fasten your seatbelts, ladies and gentlemen. Soon you will hear people talking about Bitcoin all over the place.

I call it the trickle down effect of mostly positive reporting on Bitcoin since January. Bitcoin is mentionend as side topic in more and more reports. Bitcoin is discussed more openly in the comments section of major newspapers.

I conclude: The public gets a better understanding about what Bitcoin essentially is. Once one big buy occurs in the market, this will trigger a cascade and people will try everything to not miss out on the next big thing! Especially, when the former safe heaven (gold) is tanking at the same time.

Gold is as big a loser as the dollar, when bitcoin adoption starts!

In other words: People begin to realize, that bitcoin is the ultimative hedge!

Edit: All technical indicators show up,Up,UP! I think it's a sign of strength, that despite the temptation, bitcoin still holds back its orgasm! Comapre to may 2015, when bitcoin came to early.

Because even the bears realize we'll never go under $200 again.

Absolutely. I remember just before the turn of the century, long after Netscape, AOL and the internet craze, reading that over 70% of web pages were porn.

Back in the 1980s most people I knew who had VHS/Beta used them for porn.

Mostly true, but worth reading this as well on VHS vs Beta:

http://knowledgenuts.com/2014/03/05/betamax-didnt-lose-to-vhs-because-of-adult-films/

http://skeptics.stackexchange.com/questions/3089/vhs-vs-betamax-how-influential-was-the-pornography-industry-in-the-format-war

Nothing, all getting the hits

OOOOOOOOOOOOO a countdown! I LOVE countdowns!!

Some of us have anticipated this for years.

The new world order is not corporate globalization or global government. It's global decentralized peer-to-peer consensus.

The dinosaurs stuck in the last millennium will sink into the tar pits.

This october could be disastrous for the global

I can absolutely 100% guarantee that at least one government will use Bitcoin as its currency.

Jimbo, could you please elaborate more about your comment and about this point as well


Thank you

I know i have been here for a long time and i see similar posts.
Where do you get these charts ?
I am really interested lol

Gemini is a neccessary requirement for the ETF as it will be the connection to the market.

The ETF has to buy every BTC that is bought at Wallstreet in the "real" BTC markets. Every share of the ETF has to be underlaid by BTCs. In their proposal at the SEC they explained that those BTC will be bought at the usual BTC markets. Given Gemini is their own exchange its obv that they will likely use Gemini to fill orders from Wallstreet.

So you see? Gemini is an important requirement for the ETF.

Thats the big question. Some expect tiny volume some expect hundreds of Millions if not Billions flowing into the ETF.

I think the halving and the ETF could build the "perfect storm". At the moment there is no safe and comfortable way to buy and sell Bitcoin via Wallstreet so it will definitely bring some extra cash. Given how tiny the BTC-marketcap is compared to the financial markets, BTC needs to "convince" only a very small fraction of Wallstreet to go vertical. Just 0.001% would be enough.

The halving will spur a lot of buzz and with the ETF as an easy way to participate in such a situation next spring could go crazy imo.

But lets wait and see how it unfolds.

The halving will spur a lot of buzz

BTC needs to "convince" only a very small fraction of Wallstreet to go vertical. Just 0.001% would be enough.

Markets love dates and events they can speculate onwards to. The halving is an perfect event to start a hype cause its a.) very easy to understand for everybody and it has b.) an obv bullish undertone as supply gets smaller. This will definitely get picked up by the mainstream media in spring 2016. CNBC and others love such stories.



Given the Billions that are moved at the financial markets every day BTC needs just a very tiny amount to get pushed in one way or another. The BTC markets are moved by single Millions at the moment.

The english speaking world is at sleep. Good! You need the sleep, to be prepared when the financial tsunami rolls in.

Speaking of minnows I have an idea I would like to moot with some of the regulars on here. I will collect my thoughts and PM some of you in the next few days.

Nice to see us inching closer for an attack on 300. Bears must be nervous

"Nobody buys the triple digit lie anymore" - Blitz Oct 2013.

Price looks ready to move out of the trading range. Phase A selling climax and automatic reaction scared most of the weak hands from the market. Phase B provided good opportunities to collect in the lower $200s and sell the high $200s. Phase C testing was unable to break support below $220, a clear indication of no supply. Phase D is a reaction to phase C--a clean, strong rally with very little selling. Phase E is the markup, yet to be seen.

Last points of supply to build long positions were $220 and $275.  Medium term point & figure target $400-$500.

Exhibit A


Exhibit B

Bitcoin is the new world currency

Just wait a couple of years 

No, but imo they should add XBT to the SDR basket instead of the renmimbi.

Any time range for phase E bassclef ?

? ? ?

Good morning/afternoon/evening/night (depending on your time zone ) people interested in Bitcoin.

Would I be pointing out the obvious by stating that we're still in the $290s poised for an assault on $300?
_________

I hope that didn't offend anyone. 

@ razibuzouzou - Thanks for your support.

@ Edgar - PM sent.