BTC is consolidating after the run to 450. Prior resistance of 380-90 has become support.

Itīs looking increasingly bullish, $500+ by year end seems likely.

Volume has dropped from the usual microscopic to now nano level.

Well, the constantly microscopic volume is always a concern for BTC bulls I guess.

So, how about spending some time on discussing why BTC has no volume to speak of month after month.

Well, compared to stocks and forex itīs just pocket lint.

So, why doesnīt BTC have any volume to speak of ?

What keeps big investors off ?

Is it the totally unregulated and scam-ridden marketplace ?

Is it the primitive "exchanges" , which may or may not
exist tomorrow ?

Nice job, thanks a bunch. Good luck, g

Well,itīs up 3402.69% over two years so I guess that
takes some more consolidating.

Total joke. Could as well be zero.

Once that ETF gets going I guess BTC will be in the thousands.

Very interesting.

Itīs struggling with the 50-day MA which it just broke
for the first time in three months.

Pretty staggeringly oversold if you ask me.

Yeah, he loved decentralization so much that the federal debt
grew threefold during his comatose reign.

No volume as before.

Well, bitcoin lending has experienced an explosive growth
this year and simultaneously dumping bitcoin to cover later
at lower prices has been a pretty much 100% sure thing.
Could there be a correlation ? Donīt ask silly me.

It is. But what if the people that constantly whine about
slow BTC appreciation are simultaneously lending their
coin to short sellers ? Of course lending is always supposed
to be for noble purposes such as mining bitcoin but what if
it isnīt in the majority of cases ? Like doing the 100% sure
thing.

And maybe no volume will turn into some volume.

So, how about this thought virus that I planted.

Is it having any effect at all ?

People whine about limp BTC while they canīt get
enough of lending BTC to short sellers.

Maybe let it roll, not whine daily but rather once a
month or so ??!

What got me seriously worried is the fact that idiots in charge
of bitcoin businesses actually hired whatīs left of a former
head of the SEC as a consultant. HOW thick can these people
be ?

Relax men. Stay the course.

If it sells for more than 250000 satoshi or so
it has a higher denomination than the U.S. dollar.

Oh my dog, hundreds of very meaningful posts here have suddenly disappeared.

Well, I bring happy tidings.

Contacted the proprietors of this site and they
assured me that all my input is totally intact and
free to browse as before.

Bitcoin slowly crawls back.

Itīs a big strength. Lots of small bulls.

Always this persistent and annoying buying.
Annoying if youīre short that is.

Out of gas. 350 likely.

Well, 400 seems more likely than 350, for the moment at least.

Bullish. On to 400.

Good morning my good man, what have you got for me today then?

er, the number 71 sir.

What's that then?

Well, it's the number 71. very popular you know, selling like hot cakes.

Brilliant, how much is it?

One thousand one hundred and twenty four dollars sir,

"One thousand one hundred and twenty four dollars, are you fucking nuts?"

Very popular today sir, just sold number 69 and number 53.

Why so expensive?

Because it's a currency sir.

But you said it was number 71!

Yes but it's not just any number 71, it’s a 'currency' number 71 you see, it's encrypted.

Why'd you encrypt it?

Well, so no one else can have it, obviously.

Ah, I get it. Ok count me in. Here's the cash, now where's the offending article.

It’s in here sir.

Where?

It's inside sir.

OK, so how do I get it out?

Well you jump in a plane and fly to Canada where there's an ATM somewhere that you can take it out from.

Peachy, just peachy. OK, so where can I spend it?

Any one of these places sir

Hmm, not very long is it? Is this just locally?

Kind of, well pretty much kind of worldwide, but it’s growing every day. Of course, most people don't actually 'spend' it, they just hold onto it for a while. If you buy a digital photo frame you’ll be able to look at pictures of nice coins you haven’t got.

I thought it was a currency? How long do I hold onto it for?

Till everyone else wants to get out I suppose sir.

And then it will be worth how much?

Fucking loads sir, very expensive sir, selling like hot cakes.

Sod that, what else have you got?

How about number 71 sir, very expensive, selling like hot cakes?

But I've just bought number 71.

Not in this format sir.

How much is this one?

$1.60 sir.

What? Why so cheap?

Cos nobody wants number 71 in this particular format sir.

Why not?

Because you can’t do anything with this one sir.

So why would I want to buy it?

Because everyone else is going to want to buy it very soon.

Why?

Because it’s the number fucking 71 sir, and there’s only one number 71.

But that’s what you said last time.

Yes but that was in that format. This is different. Different people already own it.

You’re fucking nuts. What else have you got?

This one’s just in sir, very special, it’s gonna sell like hot cakes sir, number 71…

Fuck that, can you get me a cab?

Not unless you’ve got some cash sir…

But I've just spent all  that buying this. I know, can I interest you in this number 71 I’ve just bought?

You must be joking sir, I’ve got billions of those in here…

Going down soon ?

Bullish.

So the guy may or may not buy those coins at the auction next month
which means that he may or may not dump them on the market after
that date. Effect on the current market = zero.

Itīs just Bear Dumping Syndrome. Disregard.

Finland Classifies Bitcoin as VAT-Exempt Financial Service

Finnish regulators have classified bitcoin as a financial service, thus granting it VAT-exempt status.

The Finnish Central Board of Taxes (CBT) judged bitcoin to be a financial service in ruling 034/2014, which states that bitcoin purchases qualify as “banking services” under the EU Value Added Tax (VAT) Directive.

The ruling was issued after a court classified bitcoin as a payment instrument and sets Finland’s approach to the cryptocurrency apart from most European jurisdictions, which generally treat bitcoin as a commodity.

However, the Scandinavian nation is not completely alone in taking this approach: Belgium’s Federal Public Service Finance (FPS) issued a similar ruling in September.

Full article: http://www.coindesk.com/finland-classifies-bitcoin-vat-exempt-financial-service/

Buy.

Itīs nothing. At best some yahoos will be going from a mining farm
to an organ harvesting farm over there. Effect on the BTC market

zero point zero.

Maybe some of you people shouldnīt be in trading.

The dollar will eventually pull back and then BTC will rise

What little Wall St. cares about BTC it treats it as a commodity
that is a counter-trade to the dollar.

Priceless  

Itīs good.

Well, itīs up 2800% over 2 years and god knows
how much over 5 so thatīs all good.

Nice. Up 3.3%/24 hrs.

Really? Never heard that one before.

Decentral Bank Upgrades Citi to Bank 2.0 That Handles Crypto, Circumvents Regulators

http://goo.gl/nJ2rl6

Grandmas Smoking Weed for the First Time

https://www.youtube.com/watch?v=IRBAZJ4lF0U

There could be a promising counter-indicator here or two.

This time it wonīt drop back to 355.

Why are you girls so giddy about a page count ?

400 here we come.

BTC, up 6.58% over 30 days.

A rare plus occurrence.

Looking good. Howīs Ms. Short doing ?

Pretty weak dump 

400 tomorrow ?

Momentum looks good.

Nice going. Howīs Ms. Short doing here ?

Nice momentum. Wonder how Ms. Short is doing.

Exactly

He sees $400 by xmas

Get libertarian nutcases to stop hyping bitcoin for six months

and watch it rise 100%.

Hmmm, shorts covering every ten hours or so now ?!

Promising.

See, already world-wide screwball libertarians have held

their effing mouth about bitcoin for a full 30 minutes and

itīs up several points.

Evils of fiat, destroy the banks and government

blah, blah, blah

this incessant libertarian blather makes the common man

associate bitcoin with barf bags

so just muzzle the fuckers.

My thought virus about libertarians shutting up for six months

about bitcoin and stop driving the common man from it

is clearly taking hold.

This just in ...

HMMMM... 2.064 CNY / mBTC

Down 3% over the last three days. Just shorts covering for now.

Take a look at a 24 hr. chart. Now; what could look more promising ?

And how often have you seen it quickly turn back to shit ?

Big time buying to square some year-end books would be welcome.

Well, six months ago most experts and mining gurus figured that

BTC would be at least $1000 by xmas so some big bankruptcies

in the mining world shouldnīt be that far off now.

Iīm anticipating a huge bull run starting circa beginning of March.

Consolidation, bubble limps along for a couple months, then the big crash

So, since most experts and mining gurus six months ago expected BTC to be at

a thousand bucks by now, chances would seem to be excellent that mining BTC

is stupendously over-invested. Thoughts ?

BTC to break $2,000 mark by Christmas – Experts

http://cointelegraph.com/news/111597/btc_to_break_2_000_mark_by_christmas_experts

So, which of those idiots will go bust first ?

You may want to compare this to a 6-month chart of BTC.

You donīt get the point.

They anticipated $1000 by now.

This led to extreme over-investment in mining equipment.

Major bankruptcies are most likely imminent.

Maybe the bankers have been trying to slow some of those idiots

down lately (the plateau) to try to minimize losses.

Well, in the real world sane people donīt usually increase production

the more what is being produced falls in price.

Pretty strong trend. Where is it going ? Where will the bottom be ?

The highlights of 2014.

There has been a very reliable inverse correlation between increase

in mining equipment and capacity and the price of produce (BTC).

As a result, borrowing produce to dump and cover later at lower price

has been pretty much a 100% sure thing.

The question now is how long will this last ?

Judging from the dysfunctional behavior I mentioned before

itīs very likely a scam of some sort. So, selling it short will

continue to be a 100% sure thing next year as it has been

this year.

Market sense; Sell any pop. Demand very high yield from

cloud mining contracts, definitely not less than 2% per day.

Same goes for purchase of mining equipment.

Estimated Next Difficulty:   43,716,692,155 (+7.57%)

$250 by March.

Make that $250 mid January.

Itīs a pity that bitcoin economics arenīt applied to oil.

Iīd love to see them expand operations until a barrel

fetches five bucks.

What previous rally ?

This thing is down 50 per cent over the last six months.

Clearly what we have here is a question of which supply

dries up first, that of retarded buyers of the product or

that of retarded bankers financing production.

Yeah, itīs always going to the moon in the future.

Itīs always the same songs.

Last year ? Come on, LOL. Difficulty has gone up like 3000% since then.

I guess you havenīt noticed how the more the price of what is being produced (BTC)

tanks the more resources are being put into producing it ?

So youīre not aware of the correlation between increased resources (hash rate) and difficulty ?

This is called inverse correlation

The only way this business model makes sense for producers

is that theyīre constantly short their own product. Obviously.

If you constantly throw increasing production capacity at a product

that keeps falling in price you have to hedge by selling the product

short. Otherwise how can the scheme keep going ?

In other words, itīs some sort of a scam. A ponzi scheme if you will.

But have fun chasing it down. Donīt let me bother you.

If Joe Sixpack suddenly had to estimate the width of Kim Kardashianīs ass

in centimeters rather than inches there would probably be a revolution in

the land. So I wouldnīt really count on them as authority.

A little something for bitcoin enthusiasts

https://docs.google.com/spreadsheets/d/1VaWhbAj7hWNdiE73P-W-wrl5a0WNgzjofmZXe0Rh5sg/edit?pli=1#gid=0

Bitcoin bull to the moon in 2015

5-year low is a promising start. But of course theyīre offing themselves to hurt Russia and most of the rest of the current Axis of Evil.

B-bull donīt need no helmet for space.

Itīs just there for photographic effect.

Well, difficulty sure seems to be off to a flying start in 2015

Estimated Next Difficulty:   44,158,524,089 (+8.66%)
Adjust time:   After 1801 Blocks, About 11.6 days

This scumbag six feet under would be VERY bullish for BTC and would

greatly improve general BTC marketplace behavior.

Estimated Next Difficulty:   44,832,396,138 (+10.31%)
Adjust time:   After 1707 Blocks, About 10.8 days

Look even more out below

Bitcoin Bull Run Due For January According To Analysts

http://www.btcfeed.net/speculation/bull_run/

Obviously the market is trying to get some of this bubble turned off



Estimated Next Difficulty:   45,909,057,597 (+12.96%)
Adjust time:   After 1398 Blocks, About 8.7 days

So, which upcoming bankruptcy (-ies) is behind this desperate ballooning

of hashing power ?

When short selling the product for a year makes much more

sense than the production itself I guess you run out of

bankers fairly soon, right ?

Itīs all right, market is just spooked by this guy and maybe his pals

Hitler sells all his Bitcoins

https://www.youtube.com/watch?v=alc0gG0u48M

Inconclusive. This volume is really tepid.

A BIG bankruptcy in the mining world would be hugely bullish for BTC

Think Iīve seen this exact same chart formation like 500 times since last summer 

No problem

https://blockchain.info/address/1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf

Well, itīs looking like a negligable diff. increase

Dec 30 2014   40,640,955,017   290,919,288 GH/s

now 294,743,941 GH/s

That +10% is meaningless

https://bitcoinwisdom.com/bitcoin/difficulty

I guess you donīt read too well.

Now: Hashrate 295,139,470 GH/s



https://bitcoinwisdom.com/bitcoin/difficulty

It was at 320-325 PH/s the other day.

For some reason bitcoinwisdomīs difficulty estimate seems to lag

this drop in hashrate.

Yeah sorry fatman.

Here have this song on me

The Bravery - An Honest Mistake

https://www.youtube.com/watch?v=O8vzbezVru4

The estimate is just lagging nonsense.

Well, since mining is online I would have to assume that theyīre capable

of accurately keeping track of the hashrate.

OK, at any rate that +10% or more disaster seems  more unlikely now.

Maybe itīs time to buy copper at a 5 1/2 year low.

I guess itīs cheaper than cabbage now.

Well, I guess the USD will be corrected eventually.

Things that go up do tend to come down again.

Well, sometimes things go up again after coming down after having gone up.

Itīs all about timing.

But if the bitcoin marketplace and philosophy continues to be dominated by

retarded libertarians that believe in "self regulation" and thereby give

criminals totally free play it will probably stay down for a long time to come.

At some point idiots and retarded libertarians at one of those

bitcoin conferences will be forced to discuss this suicidal policy

of "self regulation" and letting every criminal go scot free.

Obviously this insane policy totally destroys confidence, ensures

that any meaningful capital stays away, guarantees volume is

anemic and is a boon for short sellers.

If anyone believes that rampant and unchecked criminality in a marketplace

inspires confidence in what is being traded there

have fun buying as long as you last.

Well, usually  free markets have law enforcement and criminals can face

consequences. This gives traders confidence in the integrity of the markets.

But this is totally absent from the bitcoin market which is one of the main

reasons why bitcoin has no volume and keeps tanking.

Itīs better than contentless posting I guess.

Looking good

Support reached, time to resume the upward march

In desperate times, the world needs more toilet humor

This is looking mighty scary now. A major crash has been building in those limp tops. Question is how itīll effect Bitcoin

Gonna be a pretty hard landing I guess

Touche

I guess you bears are long stocks so maybe itīs not a very interesting subject.

Short BTC, long stocks what could go wrong.

I guess it goes without saying. If you have been believing that BTC is heading to zero then you obviously have been loading up on safe things like stocks and bonds - which are now staggering bubbles about to burst with awful consequences. The only question Iīm interested in is how will this affect BTC action.

I guess scary is like total market cap decreasing by trillions of dollars virtually overnight.

BTC market cap amounts to about what Facebook stock turns over in a session. Pocket lint in this comparison.

So, how is the coming stock market crash going to affect BTC price action.

Remember that the 2008 crash took 18 months to fully bottom. So the exact start is impossible to pinpoint beforehand. But the chart I posted looks very ominous and when you add the current turbulance in the financial markets and the manic warmongering weīve witnessed over the last year, well chances seem to be excellent that a substantial market decline/crash is pretty imminent.

zerohedge.com

Yeah, those rating agencies have an excellent record as we know. They have never rated junk as A+ for their Wall St. partners, thatīs for sure. Great credibility,

If youīre fucking retarded that is.

RE: The coming stock market crash.

Higher dollar means fewer dollars for US multinationals to book back home as revenue and profits. This is starting to hit the stock market but just barely so far. It has an amazing and historical capacity for ignoring such unpleasantries until enough money is trapped in enough hopeless positions.

Itīs a lagging blow and itīs gonna be hard this quarter.

Maybe theyīre just ahead of the curve

Why Did The Treasury Department Just Purchase Thousands of Survival Kits For Bank Examiners?

Mac Slavo
December 10th, 2014
SHTFplan.com
Comments (167)
Read by 41,723 people

http://www.shtfplan.com/headline-news/they-know-something-why-did-the-treasury-department-just-purchase-thousands-of-survival-kits-for-bank-examiners_12102014

Yeah, the average idiot that doesnīt read their own report where itīs stated that this is specifically about  Survival Kits for as many as 3,814 employees who oversee the federal banking system quickly comes to a similar conclusion that you do. I guess stupidity trumps paranoia every time at least as shortcuts are concerned.

Oh and P.S. i forgot. Well, not  Of course this solicitation is from The Comptroller of the Currency.

Links included.

Stubborn bitcoin, grumpy bears

as January goes, so goes the year...

The onset of the Crash of 2015

Bear in bitcoin - bull in stocks.

Obviously.

How will the starting stock market crash of 2015 (will finally bottom maybe in 12-18 months like in 2008-9)affect BTC price action ?

This ongoing first stage of the stock market crash of 2015 doesnīt seem to affect BTC action noticeably so far.

Any bears missing in action here ? I could imagine that theyīll be distracted by their stock longs.

Estimated Next Difficulty:   44,341,573,260 (+7.44%)
Adjust time:   After 14 Blocks, About 2.2 hours

Well, I guess itīll be a minus next term, right?

Too early to tell conclusively but could another big diff. increase be ahead ?

Well, it just hit a new all time high and seems likely to surpass that in two weeks. Maybe that will correct some next month maybe not. In any event; yield demand from mining will have to rise otherwise youīre just running in place.

Which miner would that be ? And who are "they" ?

Idiotic.

Wasnīt paying much attention but those were pretty substantial buys there at Bitstamp what an hour ago or so ?

Ah, thought so. Here you go

Well, according to one of the nazi nutjobs that Wash. DC neocon nutcases put into power there in Ukraine it was the other way around. The Soviets invaded Germany.

Victoria Nuland, the neocon nutcase in charge of scamming those nazis into power worked for Dick Cheney in Dubyaīs administration. And of course she fitted right into the collection of warmongering screwballs around Obama. Itīs a wonderful 2-part one-party state.

Global debt = 200 Trillion dollars = 3X Global GDP

Itīs just a question of time when this mess collapses and I very much doubt that itīll be detrimental to the price of bitcoin.

These two Jan-Feb rallies are so far reminiscent of their Oct-Nov last counterparts if anybody remembers that. Hopefully the outcome will be different this time.

Not trading.

Preferably the outcome will be different this time. This more to your liking ?

Anyway, Iīve never met a trader that didnīt hope that their trades went their way.

Absolutely. Never ever fall in love with your coin/stock.

Hackers steal at least $300mn from 100 banks

Nobody is blaming bitcoin, yet. 

Iīm getting tired of this BTC sheet. The bottom you see there will occur soon, then ...

Up 30% over the last 30 days. Thatīs a novelty, at least for the last year or so. Volume seems to be increasing along with buying interest. Hoping itīll continue.

Itīs looking pretty healthy but I wouldnīt rule out some pullback since itīs up 9% over 7 days and 34% over 30 days. Also the volume seems to be tapering off. Weīll see.

Good luck, g

Well, it hasnīt seemed to be on the verge of the next collapse for several weeks now which hopefully is a good sign. Good luck, g

I wonder if that slow and steady and persistent grind down so familiar from last year is returning. Way too early to tell, sure hope not. But bear market rallies tend to be rather deceptive.

Still up 9% over 30 days. Too early to tell but I doubt itīll drop much from here. Probably the market has set a new floor, 250 up from 200. Good luck, g

Definitely more strength in BTC lately. The turnaround seems to have been around 225 what six weeks ago. It could drop to that level but I believe that the market has determined a new floor at about 250.

Yeah, the greenback could drop by 10% one of these days. It has priced in the June FED hike about ten times over and is starting to look mighty wobbly.

Looking good. Bitcoin has been increasingly convincing since the first week of February or so. Seems like very solid support around 250 now. Good luck, g

Well, it hasnīt seemed to be on the verge of the next collapse for a whopping six weeks now which I can only call a very pleasant and promising novelty. Letīs hope it lasts. Good luck, g

Thatīs a familiar pattern here. When it becomes too predictable it stops panning out I guess. Weīll see what weīll see. Good luck, g

A longer view. It could go either way. Off hand Iīd say itīs rather bearish in the very short term noticing that head and shoulder-ish formation. But I doubt that itīd drop far, think the recent and new support is around 250.

Yeah, thatīs a really astute observation.

Splitting hairs are we ?

Down 9% over 30 days. It doesnīt seem to want to fall much below 250 or so which I believe is the recent big support. Good luck, g

Time for the perma-sullen bears to weigh in. Bitcoin rises.

Whereīs that lamb whatever mental case anyway ? Havenīt seen it for a while. The smell of its clones seems to drift here always though.

Well, there are like 32 billion coins going on 100 billion which has to be taken into consideration when markets try to price this thing. Thatīs why theyīre called markets I guess.

Well, what the hell do they need a 100 billion coins for then ? Why water the price down to nothing ?

I think it borders on the miraculous that it presently sells for almost one cent US given this gigantic overhang.

Well, I certainly hope they keep on piling on the shorts. Absolutely the more the better.

http://www.wsj.com/articles/big-investor-involvement-could-boost-bitcoin-1428259814

http://blogs.wsj.com/cio/2015/04/05/bny-mellon-explores-bitcoins-potential/

The next 24 hours are critical. Well, critical as in whether the lows from two weeks ago and a week ago respectively hold or not. Good luck, g

Well, difficulty down substantially it seems.

Estimated Next Difficulty:   47,606,427,273 (-3.72%)
Adjust time:   After 3 Blocks, About 31.5 minutes

Yeah. Well, my theory has been that if the market believes that bitcoin has a future it wonīt let it drop far enough to make most mining dubious. And with it the blockchain. Thus, the bottom at 220 or so, apart from those five second 210 and 215 blips.

I thought earlier that it had formed a solid support at 240-250 and I think itīll crawl back to there. Although the volume is always weak, bitcoin has this persistent and annoying buying from tons of small bulls. Annoying that is to those few and relatively big bears that have played it down (and of course sometimes up while they cover) for over a year now.

Bitcoin has twice tried for 300 in the last three months or so. A third isnīt too far fetched in the short to intermediate trem. Weīll see. Good luck, g

Another pullback in the difficulty ? Too early to tell now but any big increase doesnīt seem likely at least.

Estimated Next Difficulty:   47,035,039,678 (-1.21%)
Adjust time:   After 1292 Blocks, About 9.0 days

Sweden's Nasdaq exchange has approved a bitcoin-based exchange traded note (ETN), opening up investment in the digital currency to those who do not want to directly purchase and hold bitcoins.

The Bitcoin Tracker One, launched by Stockholm-based XBT Provider AB, which is owned by the KnC Group and is expected to launch on 18th May.

In a statement, Alexander Marsh, chief executive officer of XBT Provider AB, said:

"By enabling this easy and secure way to invest in bitcoin we hope to have eliminated the boundaries that earlier prevented individuals and companies from being able to actively invest in what we believe to be the future of money."

http://www.coindesk.com/swedens-nasdaq-exchange-approves-bitcoin-based-etn/

I figured a triangle was forming and it is getting clearer now. I'd imagine we'll drop down to 240ish next, do the zigzag for a number of hours. Good luck, g

The persistent problem still remains - no volume. At least in financial market terms this is just chicken feed.

And without volume obviously you have no buying to maintain any meaningful price. Will that ever change, will bitcoin ever trade on any exchanges that any real money can take seriously? Only time will tell.

Good luck, g

NYSE launches a bitcoin index

By Brett Molina May 19, 2015 10:34 am

The New York Stock Exchange is launching an index for tracking bitcoin, adding a new layer of credibility to the rising cryptocurrency.

In a statement released Tuesday, the exchange says the NYSE Bitcoin Index (NYXBT) will track the U.S. dollar value of one bitcoin based on how the currency trades at select exchanges.

“Bitcoin values are quickly becoming a data point that our customers want to follow as they consider transacting, trading or investing with this emerging asset class,” said NYSE Group President Thomas Farley in a statement.

The announcement of a bitcoin exchange follows details of a plan that will make trading the currency much easier. Last month, software company AlphaPoint unveiled a service that gives users access to 20 bitcoin exchanges through one account.

http://americasmarkets.usatoday.com/2015/05/19/nyse-launches-a-bitcoin-index/

Well, Wall St. owns the SEC and appoints every U.S. Treasury Secretary so what else is new. Nothing surprising here, just business as usual.

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

Good luck, g

Well, I wouldnīt call it free-fall exactly but it has been retreating lately after that big run since last summer. When the FED postpones those anticipated rate hikes and QE4 (or is it 5?) arrives I guess itīll soon head back down in the dumps.

The dollar action is starting to look VERY promising.  

The White House today denied that Pres. Obama had said at a Mob sit-down over in Germany that the strength of the dollar was a problem. Which obviously was interpreted as a confirmation that he had in fact stated exactly that.

Yes, and itīs also bad for U.S. multinationals. The higher the dollar the fewer units of it they get to book as revenue and profits back home. So, Wall St. probably wouldnīt mind if it dropped.

Itīs updated live which is why in a couple days someone may read this and wonder; why the hellīs he saying that, itīs a perfect inverse correlation 

Promising. Maybe bitcoin will try for 300 the third time since January. It seems to have been gathering some strength lately. And volume seems to have been improving. Weīll see. If it gets to say 350 and holds that or improves for a few weeks Iīll be getting seriously bullish. Good luck, g

Interesting volume. Just what the doctor has been ordering for over a year. Maybe this has some legs, weīll have to see what weīll see. Good luck, g

Relax Ms. Bull, only kidding. Just tired of all the pussybears around here and wanted to display a real one.

Good luck, g

Yeah well, Iīm not yet sure that this move has that much traction. Have watched too many promising runs fizzle for that. But it looks pretty good. If the volume holds I think a third try for 300 since January is likely.

"There is no means of avoiding the final collapse of a fiat system ended by mass Bitcoin adoption. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further fiat money, or later as a final and total catastrophe of the currency system involved."
                                                                                                                                                                         ~Ludwig von Cryptose

"It’s unfortunate that the Federal Reserve is actually allowed and even encouraged to impose massive distortions on the U.S. economy based on relationships that are indistinguishable from someone sneezing on a sheet of graph paper."

--John Hussman

The FED is leveraged like 80-1 so it canīt really do jack. If they start hiking their capital base will simply evaporate in due course (bond price and yield move in opposite directions) if they continue QE their leverage will become even more extreme. Nothing to do but somehow keep kicking the same old can down the road.

Uncle Samīs fiscal year ends Sept. 30 so I guess that debt ceiling will be at least a fleeting issue soon.

They do a pretty good job at the site dancing around the fact that the thing wonīt really mine anything but a steady stream of pocket lint. Which would be useful for micropayments they say though. But the best thing about it would be for buying and selling stuff for bitcoins. I doubt that you pay 400 dollars for a box to do that.

I have this hanging on my office wall and the stupid ones read it and some more than once said “I don’t get it”. Confirmation through experimentation.

Well, thatīs like 6000 times the value of all bitcoins in existence so theyīll probably come up with some very creative spin to smear it on bitcoin. Like itīs supposed to be so popular with criminals and terrorists, remember?

If it had any meaningful part in criminal transfers of funds it wouldnīt have a market cap of a paltry 5 billion dollars. In Wall St./Forex terms this is barely pocket lint.

Homeless coffee tip address. Although begging on bitcointalk is about as rare as snow in Sahara and scams totally unheard of, the first thing I thought of was disguised begging. 

The FED talks a little bit more about rate hikes than negative rates these days so the dollar rally may be justified. But I doubt that theyīll raise rates this decade. The FED itself is leveraged like 80 to 1 and the rest of the system their owners included is about as weak. Even small hikes and much of the mess will simply evaporate. Bond price and yield do move in opposite directions after all.

The dollar rally started mid 2014 when the FED started talking about interest rate hikes. It slowed when they started talking negative rates inbetween. Will probably fizzle when they continue doing the same: talking east and west about doing this or that  and doing nothing.

A rising dollar imports deflation into the U.S. obviously. Unfortunately for the U.S. it also exports inflation (making exports less competitive) but thatīs not really a big deal since the most important products are weapons, porn, hollywood crap and of course dollars.

All right, theyīre fighting deflation with talking up the dollar by implying forever that interest rate hikes are just around the corner, thereby importing deflation. Rising dollar = cheaper imports.

Thereīs one pretty major drawback in this dollar rise which the stock market doesnīt seem to be concerned about for some reason. A rising dollar means that U.S. multinationals (those big international dogs that lead the market) get to book fewer dollars as revenue and profits back home in the U.S. Itīs lagging but has to hit stock prices sooner or later.

But it may not mean that much. After all financial services account for a whopping 36% of the total market cap of the U.S. stock market. Is that staggering or what? 

Yeah, the U.S. is the least ugly gal at the dance. I can buy that.

BTW, I noticed that The Donaldīs book is on the torrents. Audiobook. What the hell is it called again , Lame America?
No, itīs that other word

Crippled America: How to Make America Great Again, by Donald J. Trump.

Yeah and imagine the gigantic interests in this obsolete industry, thereīs 8-9 trillion dollars in stock value and then thereīs real estate and other assets and armies upon armies of vastly overpaid personnel. Not to mention that they fund politicians, appoint the presidentīs administration and much more. Gonna take decades and maybe a world war to cut that mess down to the desperately needed size.

I just hope that he has top class 100% security. The way he talks I fear that a lone gunman may be lurking out there. Heīd probably screw the war scams way down and put big dollars into the infrastructure, crumbling roads bridges etc. Plenty of jobs. Also heīd probably clean up the crime situation. Itīs a war out there, homeowners are shooting robbers every day and vice versa. Itīs intolerable.

New York Fed President William Dudley said "it is quite possible that the conditions the Committee has established to begin to normalize monetary policy could soon be satisfied." What he didnīt say, the discreet chap that he is: We think that the threat of Hillary Clinton landing in the White House next year instead of a room with rubber walls where she belongs under the care of people in white coats - is very real! And weīre prepared to do anything to prevent this calamity, even tank the markets and the economy in an election year.

He was with Goldman Sachs and can spook the market. Wall St. will probably appoint him as next Sec of the Treasury.

Apparently the FED hasnīt mentioned negative rates for several days now so itīs quite possible that theyīll hike rates next month. Good for the dollar, terrible for stocks.

The dollar has been dying for as long as I remember, or so theyīre always saying, but is presently at a 7-year high and looking pretty healthy. The FED will most likely be forced to start hiking rates in the near future which should be good for the greenback. I would imagine that this would be rather bearish for bitcoin. If it is a counter-trade to the dollar like most things that is.

Besides, the FED is leveraged like 80-1. Whereīs the tipping point? 100-1? 200-1? They canīt do any QE.

And their Wall St. owners are leveraged to the hilt as well. Everything is marked to market even totally worthless stuff. And thereīs lots of that not least on the FEDīs books after the last debacle and bailouts.

Yeah, I was thinking of mark to model. Thanks and sorry about that.

Itīs a bear market so any bullish moves are suspicious until they become a trend I guess. It seemed to find a convincing bottom back there in January and had since been testing a range between what 220-300 until this big move recently. I think itīs starting to form a new and higher range after checking out the old one pretty well, maybe the bottom of that will turn out to be around 300 could be a little lower, time will tell.

Also, if the market anticipates the halving next year to be bullish, it should be starting to price that in about now. Markets try to be ahead of the curve after all.

I donīt follow it that closely but volume seems to be improving since that recent jump in price. Think there were some 100 million $ days and now itīs 50. Itīs nothing to write home about but still quite the improvement since the summer. The float is tiny, with any meaningful, sustained volume this thing could move really really fast.

It was up to 8.5 Trillion dollars two years ago. They do a lot of “plugging” “unsubstantiated change actions.” etc.
Itīs totally mickey mouse accounting gymnastics. But theyīre always lucky what with all the terrorists and wars and wars and terrorists. You canīt beat the house, especially if itīs utterly unaccountable..

MILES OF AISLES: At the Defense Logistics Agency's giant storage facility outside Harrisburg, Pennsylvania, lack of reliable information on what's there makes it hard to throw out excess inventory. REUTERS/TIM SHAFFER

AT SEA: Since 2000, the Navy has spent more than $1 billion to upgrade its record-keeping, but it still lacks the ability to account for ships, submarines and other physical assets. REUTERS/HO NEW

TICK-TOCK: Secretary of Defense Chuck Hagel has said the Pentagon’s inability to be audited “is unacceptable” and is overseeing efforts to meet audit-readiness deadlines. REUTERS/YURI GRIPAS

This is from 2013 and he was soon out the door. Obama has gone through how many Sec of Def again?

HAHAHAHAHAHAHAHA

Give the man a cigar.

Itīs even the exact same freakin expression. Priceless.

RE: Scarface.

Great story, which among other things reminds how Castro emptied prisons and asylums there in 1980 and sent the inmates on their way to Florida. Of course leaders in the Middle East and nearby donīt have the same obvious idea nowadays, nonono.

Of course, but these things cost money. Tons of it. Europeīs welfare systems are stretched to the hilt as it is.

The U.S. seems to be giving up on this Saudi medieval dictatorship, at least weapons sales have decreased in the last years. Obviously civilized people canīt be known to support those headchopping nutcases. Others have been quick to take up the slack, especially the French. So, France has seen an opportunity to supplant Washington as Riyadh’s closest ally. In the first half of 2015 France sold more than double the amount of armaments than that of all of 2014 and the Saudiīs part of that increased hugely as well. Now; Iīm just a simple man with simple ideas but it seems to me that if youīre shoveling weapons into war zones like thereīs no tomorrow, you canīt act totally dumb and go on a major emotional porn binge if this has consequences and there are blowbacks. After all, those weapons are likely to kill innocent civilians as much or more than soldiers and other belligerents.  

From 2010 to 2014, 38 percent of French arms exports went to the Middle East, making it the most important region for the country’s arms industry.

France voices support for Saudi campaign in Yemen

Latest update : 2015-04-12
French Foreign Minister Laurent Fabius voiced support for a Saudi-led military campaign against Yemen’s Houthi rebels during a visit to Riyadh on Sunday.



Well yeah. If youīre selling weapons you're probably more than not interested in them being used I guess. You will want to replenish things.

It doesnīt always stay in Vegas

An artist or an ape?

1



2



3



4

Good try Spaceman. Youīre close.

1, 3 and 4 Untitled by Congo the Ape

2 Yellow, Gray, Black by Jackson Pollock

Nono, the purpose is to provoke some weirdos to shout that itīs done for some weirdo purposes when the hidden agenda is just to have a little chuckle.

Donīt recall calling it a false flag. Why donīt you show me where Iīm supposed to have done that.

OSHA DANGER Erection In Progress Sign ODE-8084 Construction

https://www.compliancesigns.com/ODE-8084.shtml

Yeah, I guess it has to do with construction

Ballooning difficulty

Nov 24 2015, 72,722,780,643  +10.44%

Estimated Next Difficulty:   80,247,935,027 +10.35%

Adjust time:   After 1945 Blocks, About 13.1 days

Pretty sizeable difficulty increases (+80% so far) this year. And it seems to be accelerating. Ten % or so projected in two weeks.

• Difficulty History
  
  Date   Difficulty   Change   Hash Rate
  Nov 24 2015   72,722,780,643   10.44%   520,569,941 GH/s
  Nov 11 2015   65,848,255,180   5.77%   471,360,171 GH/s
  Oct 29 2015   62,253,982,450   2.25%   445,631,364 GH/s
  Oct 15 2015   60,883,825,480   0.12%   435,823,399 GH/s
  Oct 01 2015   60,813,224,039   2.49%   435,318,014 GH/s
  Sep 17 2015   59,335,351,234   4.17%   424,738,988 GH/s
  Sep 04 2015   56,957,648,455   4.98%   407,718,729 GH/s
  Aug 22 2015   54,256,630,328   2.95%   388,384,088 GH/s
  Aug 08 2015   52,699,842,409   0.81%   377,240,166 GH/s
  Jul 25 2015   52,278,304,846   2.35%   374,222,683 GH/s
  Jul 11 2015   51,076,366,303   3.39%   365,618,871 GH/s
  Jun 28 2015   49,402,014,931   -0.58%   353,633,397 GH/s
  Jun 14 2015   49,692,386,355   4.42%   355,711,957 GH/s
  May 31 2015   47,589,591,154   -2.50%   340,659,563 GH/s
  May 17 2015   48,807,487,245   2.44%   349,377,603 GH/s
  May 03 2015   47,643,398,018   0.07%   341,044,727 GH/s
  Apr 19 2015   47,610,564,513   -3.71%   340,809,696 GH/s
  Apr 05 2015   49,446,390,688   5.84%   353,951,052 GH/s
  Mar 22 2015   46,717,549,645   -1.50%   334,417,246 GH/s
  Mar 08 2015   47,427,554,951   1.59%   339,499,662 GH/s
  Feb 22 2015   46,684,376,317   5.01%   334,179,783 GH/s
  Feb 09 2015   44,455,415,962   7.71%   318,224,263 GH/s
  Jan 27 2015   41,272,873,895   -6.14%   295,442,739 GH/s
  Jan 12 2015   43,971,662,056   8.20%   314,761,417 GH/s
  Dec 30 2014   40,640,955,017   3.00%   290,919,288 GH/s

Well, itīs difficult to say. Maybe +50%, maybe less maybe more. At any rate the trend is decidedly upwards, the acceleration could slow temporarily, time will tell.

If youīre making financial plans I think +50% is a reasonable and conservative projection.

Now that the hashrate is over 500 petahashes you'll probably start hearing the term exahash in a few months and zettahash maybe early 2017. Exponential functions are fascinating.

Yeah. If something increases by 50% every six months, it doubles every 8-9 months or so. I guess Joe Sixpack may have trouble grasping such concepts.

Well, the doubling time rule of thumb is easy. The number 72.

So, if this hashrate ballooning continues at 10% every 14 days itīll double in 7.2 times 14 days or so.

Yeah, I was wondering what happened to that Lambchop weirdo that was so busy exposing himself here. I guess heīs on his 50th account by now...

I wonder how Bitmainīs shipments of S7s have been going. Maybe they have quite the backlog. If that is the case itīs of course very bullish for difficulty looking forward. Maybe weīll see one exahash by March or even sooner. And what the heck comes after that...yedi something? Probably by next fall. Just kidding  

At any rate; exahash is a given in the next 3-6 months I guess.

I guess a rising price increases interest in mining and thus the hash rate increases. Thatīs how it usually is in production at least where I have worked. But asides from that; Bitmain is shipping those S7s which will increase the hash massively Iīm sure.

The most expensive way to do business that's also inconvenient? I guess that points to a vast imbalance between supply and demand.

I doubt that terrorists have much use for Dogecoin. A cup of coffee costs like 30,000 coins so you can imagine the number of zeros in meaningful transactions. It just means ridiculously clumsy record-keeping and prone to errors of course. 375,000,000 coins for a truck? Nah.

I wonder if some sort of reverse split is possible in these overissued coins. Billions, even over a hundred billion coins seems kind of pointless unless itīs little more than a pump and dump scam to begin with.

Bitcoin is starting to form a new range. Obviously the range it tested earlier in the year only makes sense for so long since difficulty is up by 80% so far this year with tons more in the pipes to come there. The prior range was what 220-300, the bottom of the new range is unlikely to be much lower than the top of the old one, could be a bit higher, only time will tell. There is also the halving ahead, the market should be starting to price that in now.

Hereīs a 10-day snapshot of this range formation. It is in an early stage (see graph above) so nothing conclusive yet,  the bottom may be starting to act convincing already though, the top of the range, thatīs more difficult to predict.

You take a screenshot or snip part of the screen. Put it up at some image storage site. Get the url for it, post the url here [ img]   [ /img] being at the start and end of that url.

No space in that img code. I had to put it there otherwise bitcointalk tries to interpret it as an image.

The float is tiny so when some volume comes in youīll get pretty violent moves. The volume lately is a big improvement but still very small compared to other financial markets. Billion dollars plus per day, which still would be pocket change in markets terms; now that would be interesting  

Estimated Next Difficulty:   80,503,915,832 (+10.70%)
Adjust time:   After 743 Blocks, About 4.7 days

At this rate; looks like itīs going to be Exahash in a few months...

mega- giga - peta - exa

Empty grocery store shelves are extremely unlikely at this point of time. Itīs totally a buyerīs market, most commodities are at multi-year lows - if anybodyīs desperate itīs sellers. So, barring all out war or other catastrophes on that scale I think we can rest pretty easy in the supply department.

Have you ever wondered what makes idiots pay several dollars for a cup of coffee? Well, apart from them being idiots of course. Itīs really strange, what with the extreme oversupply of coffee, the price of coffee is at a 30-year low. This chart only goes back 20 years though.

Well, as far back as I remember retarded scientists have been predicting widespread crop failure due to increasing CO2 in the atmosphere. Iīm sure that scare mongering has moved prices but it didnīt prevent record grain crop yields in 2014. I guess plants like CO2 a lot more than do scientists.

If the volume is drying up thatīs bearish I guess. This new range formation is still very young so itīs difficult to draw conclusions yet but the new bottom could be 300-320.

Yeah, thereīs probably staggering overheads, making a cup of coffee is such a complex operation that you probably need extremely high paid staff.

Well, obviously the supply of idiots willing to pay several dollars for a cup of coffee isnīt unlimited. It may even be declining where you are, who knows.

So they pay seven dollars for a cup of coffee that is rare. Or rather that they think is rare because someone tells them that itīs rare.  That makes sense.  

Well, If itīs expensive because of weasels pooping it I think you can very very safely bet your bottom dollar that most of that poop coffee didnīt come out of any weasel at all.

In Indonesia itīs not a weasel but some kind of cat in the poop coffee story there. Some other place itīs goats I think. Itīs true stories Iīm sure but the sales based on it are probably mostly a scam.

What makes people overpay for that poop coffee is that itīs supposed to be both rare and exotic.

Bitcoin has both these qualities I guess, itīs certainly exotic and the number of floating coins is really tiny.

Yeah, when greed meets self-indulgence the skyīs usually the limit and morals go out the window.

I think you need to spend more than five minutes here to figure that one out for sure.

Itīs just a story, a gimmick. Apparently it tastes like bad coffee, even if the civets eat top quality berries..

The dollar has been pricing in fed hikes since mid 2014.Itīs a long and confused process, which is understandable since the fed has talked in every direction and out of both sides of the mouth. Not to mention the forked tongue.

Theyīre always about to hike but maybe not yet, theyīve talked about negative rates sometimes. The economy is good but then maybe not so good. Itīs like a dog chasing its own tail. Spokeswoman Yellen got so confused recently by all this circle jerking that she almost choked on her own bullcrap.

After receiving 30 vitamin shots in her butt to prevent collapse on live TV Janet Yellen is set to begin the first part of her two-day excuse-fest for why The Fed will raise rates. Good luck Janet.

Well, Janet seems to be in good shape and sounds hikeish however long that lasts.



"The FOMC is an organization that does not suffer from groupthink," she explained. "But nevertheless, I think for the FOMC to be successful and to communicate a coherent policy to the public, we do need a certain degree of consensus."

"When the Committee begins to normalize the stance of policy, doing so will be a testament, also, to how far our economy has come in recovering from the effects of the financial crisis and the Great Recession," Yellen said at the conclusion of her prepared remarks. "In that sense, it is a day that I expect we all are looking forward to."

Not many people in high places view groupthink as an affliction. Nice, Janet.

Well, now that the Fed is leveraged 80 to 1 and its Wall St. owners are leveraged to the hilt as well it really isnīt easy to raise interest rates. Bond price and yield move in opposite directions. With this extreme leverage it doesnīt really take that much in hikes to effectively wipe out the Fedīs equity. Then what? Print more money as debt for banks that are insolvent as well?

The term dead cat bounce doesnīt really apply in this kind of chart formation  

Know your car warning lights

Sorry, didnīt realize that the pic was this freaking big...