Whenever it is the most inconvenient moment for the maximum number of people

Well, the dumpers will run out of steam if the price doesn't go below 120 before Saturday is through.  Once the dumpers have dumped their last dump, the price will go up to around 150ish or so easy.

Yes, but that's why I said "if the price doesn't go below 120..."

If the dumpers fail people stop jumping on the bandwagon.  Well, at least until the next round.

This is a strangely hypnotic gif

This is why you've seen such weak buy orders lately.  No one wants to buy at market price because everyone knows some dweeb will dump their coins for no reason at stupid low prices 

Could be a DDoSing or something similiar.  What's funny is that just a month ago Gox lag at this poitn would already be above 5mins.  Gox is holding up astoundingly well compared to what us bitter vets have grown used to.

Don't try to understand it. Just children playin' with their daddy's money.  Prepare for bear tears soon.

Potato by Smarch 33rd.

But seriously, I'm going to randomly guess 94.30 by Monday 8pm

As bullish as I usually am, I have the same sentiment.  I think we'll see lows highs and higher lows for a while until we settle somewhere between 100-115.

Holy crap, some kind of war goin' on on Gox.

Well, how ever the batttle plays out the freakin' Gox lag plays in the hand of the bears....

Feathercoin is where everyone should but their money for safe keeping! (Buw-ahahhahah I can't keep a straight face, can I?)

I fear you spoke a few seconds too soon.

If there's lag, I always assume the bears have the upper hand.  It always seems to work out that way.

Another coordinated lag and dump. 

Looks like a few brave bulls are buying into the dump! I would join them if I had anything left to give :*(

babywithacrayon.jpg

Right in the gonads

It means that shiz gets crazy around here and everyone wants cheaper coins while also wanting the price to go up.

As with all things bitcoin, the best answers is a resounding "maybe"

Sigh, another lag and dump...

If anything, I like to tell myself that the dumper is just redistributing his coins to a larger number of holders.  Deep down though, I know it's probably the opposite though

I think I've been reading too much hurpa-durp on these forums and it's crushed my enthusiasm!  Also, my foretold prophecy about LTC just being an usher for more scamcoins that further devalue and belittle the name of cryptocoins has come to pass.

Guys, seriously guys....

I've crunched the numbers and ran them through 77^1000 simulations to come up with the definitive and irrefutable calculation that predicts with 100% accuracy the future movement of BTC price and have printed it up on this piece of paper from which I shall now read.

*clears throat*

Bitcoin does whatever the f**k it wants.

Lulz, this was my exact thought as well

I miss the old thread

This is all TA bullsh*t in a nutshell.

Oh Gox, how terribly, terribly incompetent you are.

Next time you find yourself wondering why women who are in abusive relationships continue to return to their abuser...just think about why you keep going back to Mt. Gox.

Yea, it looks like bitcoinity is showing a few trades every now and then.

Man, MtGox still down? If only there was something else. Some other "site" on the "web" which could "act" as an "exchange" "besides" "Mtgox".


oh hay my quotation mark key is broke.

It was more of a general statement than a timely update of ongoing events 

Very careful and with great precision.

That person should probably just put up a buy wall instead and eat the next "durrdurr i m a bear" dump.  More coins for less.

Even in that event, I'd expect a dump back down to just below current levels right after. Bears just can't help themselves

Good news (trust me, it is) + One guy dumping = PANIC!

Yea, that's what I tried to hint at.

I've seen this happen on occasion the last week or so.  Even at points where there was about 5 or 6 seconds of lag it would jump randomly to that 100000m lag.

Yes, I'm starting to believe in some sort of curse on Bitcoin that prevents it from finding any level of stability.  It's like, the moment we think we're there something completely out of left field comes and hits us in the gonads.  I fully expect that two weeks from now when we're stable at $140 we'll all find out BTC gives you cancer

This was my thought too.  This also leads to the theory that it's really just a couple guys trying to manipulate and buy back more coinage then they started with.

Thanks 

It is one more reason to compel people to move away from Gox.  The less Gox is used and the more distributed the BTC exchanges the better for everyone.

And just like 2011 90% of the bad news is solely the fault of Gox

So? Least shit but it's still shit.  As I said before, I'd rather see it go 100% under and a chance for either a better one to arise or have the system more distributed. 

The best thing about this thread is that the commentary never changes.

If you make your decisions based on what a couple people post on one forum on the Internet then yes, please sell.

The endess delay in relevancy? In that case, they're going to have to keep waiting for a very, very, very long time.

They are to busy googling "How do I buizness??" atm.

So the debate is between good jurisdiction and actually being able to access, trade, and reacquire your bitcoin. Sounds like a tough choice.

Bitcoin gonna do what bitcoin gonna do.

When did this obsession with the Whale God start? It's like, any time anything happens it's "because whale!" Some of you sound like you'd sacrifice children on an alter of fiat money if someone told you it would make the Whale Gods happy.

We don't need no stinkin' whales.

Negative. The strength of the users and hard work of the community is what got us here. 

I'm not denying that there are people who can buy/sell chunks of BTC. I'm not denying that there are people who own 100 bagazillion BTC. Of course there are.

It's the attitude this thread has of this strange cult-like worship and  pretending that the fate of bitcoin relies on the whimsies of such people that bothers me.  

It's from being here long enough.  Before May or so of this year a lot of speculation was about getting people into bitcoin, people buying and using bitcoin. I took a break from the forums for the most part for a while after that and come back and every other post is THERE IS WHALE I SAWS HIM HE WILL BRING US GOOD FORTUNE.


I feel the way about those people too TA is one of the dumbest things I've ever heard of (and I've been to a church sermon too).

I disagree. The price would be much higher if it wasn't for attempts at manipulation by large holders.

We're transitioning into the post-Gox era.  There is some worry and confusion on where one can safely trade and store bitcoin which is reflected in the lower volume.  The risk to smaller traders isn't necessarily a quick price change to their detriment, but rather the risk of not being able to access their coins/fiat at any given moment  Also, the the increase in ways to buy and spend coin that aren't Gox and other trading services is increasing as well which is reflected in the lower volume.

My basis for the above statement is that the reputation and positive press, which always seemed to be one of the best indicator of prices before, still feel pretty positive to me.  There are also some major developments for BTC coming down the pipeline.  These facts don't seem to be represented in the volume on the current main exchanges, thus my hypothesis.

WEEEE!

Guess it depends on your definition of traction.  Again, when I look at the reputation, positive press, developments in BTC, I see lots of traction.  There's been a LOT of deadends, I know. Trust me, I do know.  And we do have a long ways to go.

From day to day things don't seem like they change.  When I think about to 2012 or 2011 I can say we have come a long way.

Luckily, I also don't believe in THEY. 

I am quiet unlike a lot of the "true believers".  I don't think fiat will crash, I don't think the omgpolicestateisreadingmymind is a valid point of view, I don't have any real expectations that 1btc=1oz gold.  My prediction for 2013 was a high of $16.

I'm just tryin' to say that I don't really have a flock here

Any time in the last YEAR has been an excellent time to move off gox.

I wonder if it gets tired of being all like "If it's going up, it's going to crash but if it's going down I told you so."

This could pretty much apply to every post in this thread tho.

A news item get blown out of proportion?! On THIS forum of all places?! I never thought I'd live to see the day...

More likely the latter. There are a lot more people out there who are acceptable to the idea of bitcoin before losing faith in fiats.  The two ideas are not mutually exclusive.  When we reach a saturation of the world popularity with acceptance of bitcoin then we can discuss other reasons for price increases.

I have always felt that most price increase in bitcoin has been due to increasing acceptance.  Crashes, on the other hand, can be tied to very specific events

Oddly enough, the same correlation exists for downward price movements.

The important thing is that you posted three times in a row.

I'll be your friend.

Imagine if there was a Y1 setting. Whoooooooooooooooooooooooooooa.

Consolidation never hurt anyone.

Guys, this crash is all my fault.

I bought 0.1 BTC at the peak yesterday. Of course this would happen

Eh, don't like me to much.  I buy off-exchange at regular intervals.

And the bears will be bragging about how right they are and bitcoin is dead.

I'd be curious to get a precise answer on this for my own curiosity.  I've heard that the fund won't buy more coins, but just make profit and payout on the increased value of the 100k coins.  I've also heard that they will buy more coins as they get more investors.  And now with someone else in this thread, apparently they might sell coins?

Does anyone actually know? Does this EFT or whatever force them to buy/sell/hold/eat/hump coins or can they do whatever they want with them?

That's like asking "Does the dog lead the tail or does the tail just follow the dog?"

I expected a face plant of epic proportions. Left disappointed.

I was literally typing "We will hit 210 any second now..." and then bam. 210.

Now just need the real exchanges to break 200.

I have never seen any evidence that proves China exists.

My forum rage is all the evidence I need brotha.

I have many feels that is will be the last time we are sub $200 for any significant amount of time.

In the normal world, this is ridiciulous to think would even be possible.

But in bitcoin world Ż\_(ツ)_/Ż

I hate to break it to you, but everyone loves their money.

Don't be racist

Man, you really weren't around back then, were you?

Going from $5-$10 was questioned by the bears just as loudly as $100-200.  A few bears even had "Single digits in April 2013" as a mantra.

Ah, gotcha.  I agree with you After a few years of this, you WOULD think bears would get used to the possibility of bitcoin just shooting up obscene percentage points, but they don't.

I was thinking the same thing. Maybe the community has just gotten that used to this so of stuff.

No.

If you go out into the real world the vast majority of people still really haven't heard of bitcoin, let alone own any.  The more big news there is it'll push that many more people towards actually owning bitcoin and participating in the economy.  I don't think anyone here besides the trolliest of bears thinks that bitcoin has reached full market saturation.

That is what he's saying. He asked if the news has been priced in. It hasn't. Why? Because the people who will be buying/using bitcoin are just now reading it.

I mean, unless you think those people woke up yesterday and thought "Man, I'm going to read something tomorrow. Better buy today!"

You're actually supporting my point.  

#1 is the time delay you mentioned.  We really don't know what the incoming money will look like, be it flood or trickle.  Traders have been proven time and again to not have any ability to tell the future than anyone else so they cannot "price in" anything.

#2 people won't buy anything the first time they hear of bitcoin.  The odds of them starting up increases with sustained and interesting news articles.  No one here yesterday thought the bitcoin-buying-apartment story would be front page reddit material today.  Who knows what news will come out tomorrow.  Will the price go up $100 because this creates a ripple that will eventually catch the eye of some uber whale? I dunno. The "traders" don't either.  

EDIT: Though, if we really are talking about the news from a month ago, then I could accept that the price could be mostly set in.  I'm talking more about this general surge of news we're experiencing now.

That's what I am arguing against and, from my perspective is what you are arguing FOR but just saying X=Right now



The premise here is one I don't buy and that's speculators alone determine price.  I believe that speculators have 0 actual knowledge and just flail about and react more irrationally then they'd like you to believe.  I know this isn't a popular opinion here and wont' bother arguing it


No, of course there are a lot more forces at play then JUST this linear process and I'm taking the idea of being "priced in" in a much longer term view than I think you are.  The ripples from any single news spread out and can have larger reactions than just the immediate future.  It seems to me that the idea of "priced in" that you are trying to define is by definition whatever the price is right now and that just doesn't seem useful to discuss.  

For example, prior to the reward halving when the price was still like 7ish there were people saying that the halving was already "priced in" and the minute the halving happened and the price didn't instantly double they said "told you so it was already priced in!" In my opinion, the slow price increase that followed the month or two after is a result of this halving and it just had a delayed effect.  

We are in real uncharted territory with bitcoin and we really don't know what events will have what impacts.  Even the most experienced trader (who can hardly handle real markets) has no prayer of accurately predicting pricing.  

See, then this is pointless. When you ask if something is priced in then all you are asking is "what is the price right now".  It is not the definition that I would accept because I like to think people ask questions for a reason and like their indicators to actually indicate something.

Very cool. Was he a newbie to BTC?

Fat and sassy??

Wait, no, that's how I'm feeling....

You sir, are a braver soul than I.

If you are honest with yourself and someone came up to you and told you about this digital money that can equal a bazillion percent increase in value wouldn't YOU be skeptical? Add that with the brain filter removing property of the Internet and you have every comment on a bitcoin article ever.

Seems we've found a "day trader" who thinks he's so smart and is dumping "at the top".

Prepare for some light turbulence and then a boom when he immediately regrets his decision and buys back.

It's the tune we've been singing for a couple years now and it's been a #1 hit since we started.

Yurp.

Man, you bears really aren't what you used to be.  If this was the great breakdown ward you were all hoping for then...man...I just don't know what to tell yous.

Still a possibility for brief moments on Bitstamp, but only just.


They're buying the dumps which ARE the cheap coins.

You know, if you're gonna troll bear you might as well go back and read how the pros did it. You're just embarrassing yourself.

The idea that Gox users are, for once, not desperate to sell their coins for less than what they're worth is blowing my mind.

It was only a matter of time.

This. Truly the end of an era.

Jebus Rice no!  They had every chance to fix their shiz but instead they decided slamming their fingers in the car door repeatedly was a better use of their time.

Some interesting movement on bitstamp...

This is still one of the dumbest abuses of logic I have ever heard and my faith in humanity dies a little every time I see someone post it.

While nice, if the market were to ask me I'd tell it to take it a bit slower than that.  Slow and steady > instant high.

Also, to whoever the nubnugget was that was trying to tell me all the media attention and bitcoin ATM stuff was "priced in" at like $202 or whatever....go eat it.

There's a reason we say "Buy and hold"

That's what you get for not knowing about bitcoin in 2009! That'll teach you!

That's exactly what this is.  I really don't know why people were arguing with me that there is a "delay" effect when it comes to positive news and price increase in bitcoin.

Looks like the ask wall on bitstamp got removed.  Prepare for some big price increases there. Any chance of Gox parity??

You gotta step up your troll game son, or your gonna lost your "Troll Master" title.  You post might as well just say *troll*.  I mean, that's the bare minimum amount of effort your doing here.

What does it feel like to be prepared for forever?  While I agree that $10k is unlikely anytime soon, it is a thousand times more likely than $30.

The only thing that's crashing here is bitcoinity.

Get it? GET IT?!

A for effort bears.

D- in execution though.

Wow, coinbase is giving me the ol "We've exceeded our daily buy limit" message. I haven't seen that since May, though I don't buy every day or anything.

Yea, it seems everyone held off and waited to see if the bears would allow them more opportunity for cheap coins.  When it appeared they would not, the buying resumed.

All those people who WERE googling are now buying in.

*bearlogic*

You're right about this.  TA is nothing but post hoc reasoning and MS paint skillz.

This is what makes it so amusing.  The bears think they are being special butterflies by saying crash! crash! but are really part of the mindless heard themselves.

*singledigitsbyapril2013*

Let's see, what was the price a year ago? Are we any where near that price?  

Sorry you get so mad about being so wrong.

Now...as you were...

Very few people *honestly* believe that we're going to go from here to A BILLION DOLLURZ without downward motion hear and there.  What makes you a silly bear is the the diehard, irrational attitude of "crash" regardless of what is happening for no other reason than stuff = bubble.

The value of a good nights sleep is far greater than anything bitcoin will do in one night

I hope it keeps crashing like this!  A fella could get used to it!

I don't understand it either.  Pretend Internet tough guys trying to act like making a joke of people dying is "cool". 

No, BTCChina isn't as stupid as to add worthless coins.  Focus on building up BTC and let the scrubs squabble among themselves. The big boys in the room have better things to do.

Aren't walls always fake? If I've learned anything from my years in bitcoins, it's that all walls everywhere are fake. 

Dude like...whoaa man. Like....whoa.

Bless his little, feeble heart for trying?

Does anyone else have the thing with bitcoinity where the arrows don't show the correct color?

I just saw a bunch of red arrows and thought, "Heh, nice try BEAR! The price didn't even go down. Better luck next time" Then I refresh and all the arrows were actually green. Durp.

Odds are they'll pop up as walls again sooner than later

Hypothesis: If 250 is broken by Gox, Gox ATH will fall within a day or so after.  250 won't be much of a hurdle on Bitstamp as it generally follows Gox.

I meant bitstamp Some how I always get the names mixed up when posting.


We are in the actual correction right now. I think the you are asking when the futile dump attempt will come.

Beginning of the futile dump stage.  Also, noticing Gox seems to be struggling a bit.  This time is different as we have much more diversity in exchanges.  I will be interested to see what happens now compared to April/May

Oh snap, I hadn't even noticed that!

Public opinion is very fickle.

Better chance to actually get your money/btc out when you want.

It happens from time to time.

Quoting to mock later when price returns upwards  Bitcoin is bigger than one dumper.

The only bummer of this whole thing is that it shows that at least some people still look to Gox for the price, regardless of which exchange they are on

Now we will get a few more mini-dumps from people who are slow on the panic button.  I imagine these people where elbow deep in a bag of cheetos when the saw the dump go down on bitcoinity. They tried to click "PANIC" on their computer, but the cheeto dust made their fat, stubby little fingers too greasy and their fingers kept sliding off.  By the time they were done sucking the orange toxin off their digits everyone else here had already laughed off the dump.

Yea, there are a lot of people who have a disproportionate amount of coinage from the early days.  This is what makes each climb in price even that much more impressive.

Time it takes to get the cheeto dust off their fingers.

Yes, I really do think we benefited from having multiple exchanges this time.

All the bulls be singing: https://www.youtube.com/watch?v=aE8jgG6cCbA

You you know it.

Low bid depth after a rise is a near law in bitcoin.  Also, it won't discourage dumpers.  They don't care if they lose money in the process.

I'm gonna lol so hard if we stop at like 266.66

K, it's for real ATH time now.

Now, in all honesty...

Who are these people buying 10+ BTC now? Like "Durp, gonna wait until we're ABOVE the ATH to buy tons of coins"

I'm glad they're doing it, but it's strange....

That wall on bitstamp @ 254 is finally taking a beating.

Looks like the rest, 750 or so, got pulled. Onwards on bitstamp!

Bears showin' up for a grudge match.

Gotta be some day.

Looks like the wall is down

Well, the wall itself is still gone

Looks like he ha staggered it about every $1 or so. We'll see where it pops up again.

At best this guy with all the coins dumps and people have a 3min window to buy into the lows.  After that, you're boned.

something something something tulips something

I'm gonna guess that this wall will stand until it is bought.  It just seems so clumsy a giant to me.

Gentlemen, we've made contact with the wall. Prepare your USD cannons!

A few weeks is forever in bitcoin time.

Trading sideways for a day is about the best one can hope for

This is the best explanation that I can think of.  It also fits in with the intelligence level of Gox to try and do all 10k at once.

Safe now. Don't worry, the price will be higher in the morning

Sure, why not

Holy shit, so much green. Even during the biggest rallies in April I don't remember so much green.

There's was a big wall at that price on Gox.

Someone was selling 10k coins at 266.90.  On a chart this creates a vertical line we call a "wall".  But people have bought all 10k coins so no Gox will go up like normal.

Gox bears are used to having their way with the market. Looks like they haven't learned.

Well, this sure has gotten interesting.

Looks like were hitting some resistance from Americans waking up and getting shaky fingers.  Usually at this point I would think we were in for some slowdown, but after seeing how we ate through the 10k wall yesterday I wouldn't be surprised if we were at 350 by this afternoon.

I ain't sayin' shit. I said I wouldn't be surprised if we got to 350.  Doesn't mean we will or I know what % chance there is of that happening.  If we do to get to 350 all I'm gonna do is :smug:

Don't feel bad. Even we bulls are kinda like "Well, didn't see THIS coming"

Is this in regards to people not being able to get fiat out? Or is it fiat AND BTC?

Gox really does go out of its way to just completely embarrass itself at every opportunity.

Well, they haven't derailed this one.....yet.

If this was back in April when Gox was still the only real player then yea, we'd be in for a hurt right now.

I love bears. The second the price goes down a tad they all post "BUBBLE BUBBLE" and disappear as soon as it goes up again.

Guess the bears have ran out of ammo again.  I don't know why they keep trying.

I believe it was around this time yesterday that we had the buy surge that began eating the 10k wall on Gox.  I'd like a repeat performance.

Bulls woke up, put on their shades, and were all like http://www.youtube.com/watch?v=V2XGp5ix8HE

No one should trust Pirateat40 either!

Some major USD cannon firing goin' on right now.

The combination of more markets than just Gox combined with the fact that coins are more expensive = fewer total number of coins being traded on Gox. It's really that obvious.

I've got a feel someone is about to take a sledgehammer to asks on Gox.

http://www.youtube.com/watch?v=QZcA44Q7pxk <- This is me making my predictions

If that was what they were going for I think they would have shown a still from, oh I dunno....HOUSE OF CARDS

Looks like that was just another nice little pressure valve release.

How helpful

It's about that time of day for Gox to start seeing some larger market buys.

Since I have taken up anthropomancy.  If you want I could draw some lines on a chart with MS Paint to prove it.

My anthropomancy is strong. Don't frak with me son.

Nah, you see lots of quotes from the different exchanges and everyone will tell you Gox isn't the end all be all. Its just the highest. Very different from the attitude in April.

This is probably the first time I've agreed with anyone on where on this chart we are.

Not saying that I actually believe this chart applies to bitcoin in the first place

Everyone is calling for a downward movement, this means there will be no downward movement.

SCIENCE!

I love it when I leave for the weekend and come back to find that there was been major price drama while I wasn't looking but one would hardly notice now.

LTCers are delusional to the nth degree.  Any decision or action they take is usually the farthest one from reality.  Since the only reason to use BTC-E is because one is an alt-coin dork you cannot apply logic or sense to their actions.

I think we're going to see a lot of buy back this morning from the failed weekend dumpers.

I wonder what percentage of them will be buying back at a loss.  It's not like we bulls didn't try to warn them....

This is just Gox's little way to remind us that we shouldn't even be looking at their charts anymore.

Your first mistake is that you're trying to sell.  Fix that problem and we'll see about getting you off Gox.

It seems like there are enough people on bitstamp who aren't Gox-tards that the price won't go tooooo low.  What's the point of using bitstamp if you're just going to panic dump when Gox has a problem?

Hypothesis: MtGox never gets out from DDoS and another trade is never executed leaving the price at 371 forever.  Enough people are too stupid to use their brains and continue to look at Gox for the price.  BTC is stuck at 371 foooooooreveeeeeeeeeer.

I'm having gox induced deju vu of having gox induced deja vu.

4 hours at least.  

It seems that bitstampers are waiting to see if Gox will crash and give them a chance for cheap coins.  The longer Gox stays down the more likely stampers will stop waiting and just trade like normal.  The best thing Gox could do is stay dead for a week or so.

Yup, that's about it.

The good folks at Gox are pioneers in the field of incompetency.

And the MtGox rollercoater begins! Where we gonna land folks?!

I had my heart set on a lot more excitement from Gox when it came back up.  Of course, Gox has left me disappointed. I don't know what I was expecting.

I'll accept either of these.

Yup, the bitstampers have decided that Gox won't give them any sweet coins and are just spamming their BUY BUY BUY buttons.

Looks like we're seeing some action on Stamp.  Will it continue? We shall see! (the answer is yes)

From the bottom of the page:

"Maxk" is just a crazy person that some other crazy people like to quote.

Looks like someone setup and executed the perfect bear trap on Stamp. Nice.

I guess they *could* have bought into it themselves, but I figured it was more they were watching the price slip down and pounced as soon as someone was dump enough to put up a wall.

600-700BTC buy or something like that.

As far this board goes, that prediction is so reasonable as to be unreasonable!

I hate to break it to ya, but people on the Internet just like to complain in general.

The bear trap is closing!

Stamp is all like CHOO CHOO MUTHA TRUCKERS

And Gox all be like "Duuuuuur wut?"

It is strange to see BTChina not react a lot. Not sure if good news or bad news.

That seems like a really awful way to dump.

Right in the middle of a rally and creating $20 slippage in doing so?  Just terrible...

We are close to having a new ATH in terms of amount of USD on the books @ Gox.

Comeon stampers, break that $400 wall!

Looks like there was a huge USD spike on Gox a bit ago. New ATH in USD by far.

The ask depth looked similar to when we were about to hit 100, and then looked the same at 200, then 300....ect

These guys are stupid beyond belief, but free market, yea?  That's how the libertarian free market rolls.

Only if you want to know what regret feels like.

Wouldn't be a bitcoin rally without same lame bears trying to counter dump  They forget we are living in a post Goxxing world.

If I could have just one bitcoin wish (besides to have more bitcoin), I'd wish that all this action would happen while I WASN'T at work.

Well, preferably up but still, action while not at work > action at work

When you're a bear, everything means CRASH!

I don't have the numbers off hand to back this up, but it seems like the April-May rise would have been seriously affected by such a sell even for a few hours.  This time around it's almost like these dumps don't happen.

Am I crazy for feeling this to be the case?

Now, the question is is there any possible scenario where we don't just keep climbing until we get to 0 volume again whether it's at $450, $500, $1000, ect?

I like to think that simply not being able to be Goxxed this time around is the key ingredient, but I'd like to hear other opinions.

What ARE you talking about?

Even though bitcoin is amazing, you can't honestly expect 10% increase in value every 10 mins.

This thread has been long recognized as a sort of "lobby" for the forum. Straying off topic isn't uncommon.

Then nothin' but good times ahead.

Bitcoin is the only investment/commodity that can rise 25% or more in one week and be met with a "meh" by the people holding it.

icwutudidthere

Why do you think we keep saying "Buy and hold". Do you think we're joking? Do you think this is some kind of game?

Buy. and. hold!!!

Well, this has been an interesting Sunday.

Except that, you know, so far they've only all crashed for relatively short periods of time.  Or are we filling this prophecy under the "I'm wrong until I'm right then I told you so!"?

I usually correct people when they say; "X exhchange is almost out coins!" but it really does look like China is out of coins.

What's funny is that from what I can tell, most of the selling that's going on is being done at Gox.

Which just means these people are just going to have to turn around and buy back their coin anyways if they ever want their money back.

That's the mutha frakin' truth man.

btcchina down?

Who are these dorks selling on Stamp? 

"Oh, the other two exchanges are 25% higher and are either steady or climbing. Guess I better dump!"

What is it that has made stamp so much more prone to walls?  Liquidity? Why does liquidity = walls?

Just curious.

Yawn.  LTC barely breaks 1% of Gox's BTC price. This is normal.  It will crash as soon as BTC stabilizes.

I don't know why anyone would waste their time or money.

Yes, I am a bitcoin snob if you define snob as someone who calls out BS when he sees it.

If ltc is $20 in 2014 it will only be because BTC is $2000+. 

China be all like whoa.

Someone dumped big hoping the hearing would be worst case scenario.

Now that it's sounding like it is exactly what we thought it was going to sound like, people are buying back.

Headline: Bitcoin OK by US, Users Still Creepers.

China just broke 5100.  Gauntlet thrown and China is like "Come at me American bitcoiners"

There is no reason to think that this won't happen at this point.

Pretty sizeable dump on Gox.

Thanks for the cheap coinage, sucker!

AAAAAAAAH SNAP just dropped an Al Gore joke.

So, you guys ever hear about bitcoin? Is it a good investment?

I live in a major US city and work with many business, accounting, and IT types. Over the years not a single one has asked me about bitcoin, even after I mention it a few times.

Today I asked a client who works with investments, a younger guy too, if he'd ever heard of bitcoin. He asked if it was a band.

We still have a loooooooooooooong way to go.

Ah, the memories.

Dear bears, please continue to dump into this large rally. This will save us from your stupid shit later.

Lol, the MS Paint guys are gonna have fun with this.

Vomit comet is in full force. Doggie bags can be found in the seatback directly in front of you.

Typically you aren't at the top for very long.

Gonna have to say I'm surprised that Gox handled it (so far).

Maybe this wasn't so much a price "correction" as much as a re-calibration of the main exchanges. Obviously too soon to tell.

It ain't over yet sonny

The bids on Gox were actually getting really low on the way up. People were pulling their bids and just doing market orders like crazy, which made the dump that much more of a drop.

The price swings will continue until morale improves

It was more a joke than anything

We're gonna have a nice, controlled rally today, right fellas? Right?

Well, that dream died rather quickly.

Oh well. Live fast, die young my friends.

You still keeping track of the pizza roll index?

The only fear you're smelling belongs to the bears.  We're higher now than we were 24 hours ago despite the bears' best efforts.

Come on bears, I know you want to provide us with more discounted coinage than that

I know this feel, man.

Psht, he mentioned Ripple like it is a real thing. He also said "the Bitcoins". 

Concurred.  Ripple got its fair shake when it was announced. Somethings are just DOA.

These people buying their coins back on Gox. They just spamming buy because someone said something about bitcoin on the TV?

Yes, it is a nice gesture by whoever set up the schedule to let the good guys have the last word

She gonna have the smackdown laid on her by the other speakers.

I'm not sure if there is a delay, but blockchained is showing explosive amounts of USD sitting on Gox.

The best thing about bitcoin is that it is one giant bear trap.

If you take anything from his ramblings, I feel bad for you son.

I have 99 problems but the mental insanity that apparently if inflicted upon rpietila's brain ain't 1.

Absolutely not.  Just spend whatever money/effort you have to spend on coinage and go straight to bitcoin.

https://blockchain.info/tx/1c12443203a48f42cdf7b1acee5b4b1c1fedc144cb909a3bf5edbffafb0cd204

Thoughts?

What's funny is that it's 200m at $750.

He took those and dumped them at once on Gox he'd only actually get $35 million.

Total bids past $35mil on Gox.  Pretty sure this is an ATH for that.

Someone decided it was time for some Friday Night fun

I foresee another countdown that ends with nothing happening and Adam forgets all about it.

Get outta here Richard Branson.  You're drivin' us crazy with the buying and spikes and the ralleys and green AhAHh

Chances are it was one of the exchanges (maybe coinbase) moving their stash around to "prove" to another party that they hold the coins.

Cause people who use BTC-E are bad at life.  "I'm gonna hold me durpocoin! Someday it'll be worth 1000x more than bitcoin!"

For the last time, will you please quit trying to break all of space and time. Thanks.

Bears are so desperate that "Price hasn't gone up 1000% today!" is a bearish signal to them.

Word.  One of my favorite things in life is to find an altcoin supporter and whittle away their arguments until they literally admit "I don't care, I just want USD!"

Your dabbling actually delegitimizes bitcoin and what it is trying to do.  As one of the most common critiques is "What just stops someone from making derpcoin and making my holdings worth less?" You just prove them right and are actually making your bitcoins worth less.  You are participating in irrational behavior. Stop it.

A few signs pointing to the bear trap closing for good at this price.  Will be interesting to see if the follow through is there.

It's called BTC-E is just 5 guys on a perma pump-and-dump binge.

That's some buy back!

I have no evidence, but I think this is more buy-back than new money.  New money is still skittish and waits for the price to start going up before buying, but rarely kick starts it on its own like this.

Hmm, we're getting some fuel in the rocket. I'm kinda surprised. Could get interesting really fast.

I wish I had your great ability to predict the market.


Anywho, Bid sum ratcheting up to bust down the $870s walls.  Will they pull the trigger? Dun dun dununununnnn....

Rocket remains fueled. Very silly to sell now with intent of buying back.

I think the rule is that you're only allowed to subtract credibility points (CredPoints, if you will) from someone if you have any yourself. Sorry mate.

If 900 falls, it's going to be madness! MADNESS!

The only short-term indicators that matter, bid/ask sum keep fueling up for a breakout.

Oh yea! Well maz: - infinity

check mate.

Gentlemen. We have touched the butt derruhhh I mean $900.

Look at all dem panic buys. Where are your walls now?!

Support holding.  Barring any huge dumps (which is always the case) we will play out between $900-$950 now

LTC is the largest threat to crypto. If it wins, everyone loses.  Not even jokin' mang. It needs to crash. Not I want but we need.

If you want to see how irrational people who claim to be "rational" can be, just find yourself a litecoin user. They gain no benefit from using litecoin except providing some funding to BTC-E in ways of fees and give the public and investors a reason to be skeptical.
It used to me that we could laugh off queries about why someone couldn't just make up a new coin that would make theirs worth less. We'd laugh and say "because people aren't so stupid as to actively ruin their own investments!" Our laughter is a lot more nervous now. Turns out people are so stupid.
The only possible goal of litecoin is to make all cryptocurrency worth nothing in the long term.

Nervous laughter, remember.


because it turns out to be that people are that stupid


Sure buddy, whatever you say.

Posting in this thread for posterity. I was there for the last Goxxing we'll ever experience.

Thank. Fucking. God.

There's going to be a few more of those before the night is through, unfortunately.

The battlefield is drawn at $400. Will be interesting

Walls down everywhere! WEEEEEEEEEEE!

From which school though? A phd in buttology from, say, Harvard, is worth a lot more than one from University of Buttix Online.

This is the last Goxxing though.

I've been out of the loop for a while.  Where are you seeing this info?

It's really amusing to me that people cannot seem to grasp this simple concept

to the paradise city?

You fool. That is outrageously bullish and you are blinded by your greed! Get real.

The price will clearly be at $730 on March 7th. Duh.

Mostly it is due to the Gox problem finally coming to its logical conclusion. People feel that the storm has passed and the weight has been dropped. Whether this means there WILL be a breakout is, obviously, yet to be determined, but this is why people are feeling that way.