There is no BTC reality. Currency value equals to amount of gold it holds.

Possibly the weirdest video I have ever seen and I have watched two girls one cup.......this bear video is really bizarre. 

Well, a guy that believes running a website for selling narcotics is a great career decision can't be the sharpest tool in the shed. lol

You didn't see the news today??! That was a crop circle that appeared this morning just east of Bristol, England.

No one ever predicts sideways.

I was thinking the other day that we need a new statistic to track this type of lost productivity. I propose "days Bitcoin destroyed."

Move to Vancouver - also our mayor only gets hi so he can ride his bike down hill.

With the increase network difficulty today. The amount of BTC being generated will put further strain on BTC supply.

I sold, correction is coming, i will get my chance to buy back!  

Very smart. I use Google Authenticator on CampBX.

Hey guys,

its been a while... did I miss somethi.....HOLY SHIT!


 

Hmmm...


http://bitcoinvest.eu/index.php/bitcoin-nea-ellada/item/15-bitmit-is-closing

Nah, we did a reverse split

In 2011 Mark thought I was a "terrorist and or money launder" he reported me to the police and said so on thie forum in public and via e-mail.


the dumbass got his paper work mixed up when i sent my shit in for AML cuz he locked my funds randomly.

He truly is a fuck tard.

Did you notice the recent high of: 324.20?

I missed it. Too busy watching that IBM Finance Exec video on bitcoin.

"I feel it will go higher but the plan is in place. Discipline son. Discipline."

That's cause pandas aren't really bears.

I can get behind this.

I think the days of double digit bitcoins are over...

No one should trust Pirateat40 either!

By this you mean CoinJar?

Why is it so hard to buy back in with a loss?

Jesus, I'm still listening to this song.

I'm now officially a bear, good luck

Hard to believe that arbitrage isn't possible and worth while for some.

http://www.reddit.com/r/Bitcoin/comments/1q8tqi/max_keiser_hinting_mayor_players_entering_bitcoin/

Oh Max...

This is so boring. We haven't had any real movement for hours.

A new way to watch Gox slurp up fiat.  http://fiatleak.com/.

Perception of human brain is limited to the horizon of experiences it directly saved so far and can only be widened by absorbing passed on essays or stories of contemporary witnesses of different ages.

for the record, i said we would hit 400 two days ago. I should be ignored from now on.

 

Couldn't someone just arbitrage the exchanges?

Buy at Btc-e, sell at bitstamp, repeat  profit

If you live in the USA the banks are basically stopping all international wire transfers person to person due to reg changes in Oct.
You literally can't wire money overseas any more from some US banks.

All the more reason why bitcoin will take off in the US.

Huh? Did you just create that statement or do you have something to back it up with?

PDP10's don't burn so good (I thing someone mentioned an i286 though, maybe they upgraded :/ )

Just wanted to drop a quick and big thank you! I just love it around here (lurking...), Bitcoin improves my life just for the euphoria. I'm in that mood since months. Can't believe that I really do live in these exciting times.


Btw: Stamp at 368$

Can anybody explain why the difference between gox and stamp prices is now less than half of what it was yesterday?
Stamp $ 416 / Gox $ 432

As arbitrage is not simple or quick, each exchange sets up it's own balance of supply/demand, to an extent.

It's important to reconcile the scopes of perception here, considering that most of these scopes cannot see the other:

a) We are literally sitting staring at the screen, waiting, chatting while we *decide* if the charts are about to consolidate, go bullish, go bearish, hit the moon, etc. This *is*, we *are* the pulse of the btc speculation ecosphere. We are standing in the boiler room watching the machine pump heat--  because we can see it's working just fine, sometimes it's hard to believe that it's too warm or cold upstairs. Classic myopia.

b) We have no idea, for the most part, what the Chinese are doing, in terms of sentiment, other that heavily buying in steadily. They are likely speculators and folks just like us, who see the newest, shiniest thing, or realize the coming value of a mature crypto account register.

c) Many of us have friends who are newly interested in Bitcoin, they are approaching us, actually listening to the conversation about cryptos. These people were afraid we'd pass out tinfoil hats at last Thanksgiving (some of us have done so forever, such is the nature of visionary (ahem, nuts)).

d) The upcoming Senate hearing (on the 18th), VC's throwing money to startups that we haven't even really begun to see the product of (Kraken, Coinsetter...), Forbes articles and in general continually more positive news spin and coverage. The proletariate will be what they have always been, the peeps.

e) The googly trends chart... oh, what correlation it carries is astounding. If there ever was a cogent point for 'don't read into it too much' it's this chart (albeit it's a trailing one, sadly :-/).

f) Bitcoin is hugely successful in any context. We know that, but it will be all the more obvious in 20 years. Yeah, duh, the internet and money had a bastard child. Why wouldn't it rock the casbah. So, stepping away from the cliff, we should take some pride in being involved, and be humbled to see a change for the good, away from manipulable capital that seeks nothing but further vampiric reduction of liberty, while enforcing a crippling cancerous consumption mantra. What was great for industrialization is now going the way of the dodo--> P2P kills centralization.

g) Asset, commodity, currency, protocol or whatever, it will adhere to price discovery if easily exchanged. Playas gonna play, haterz gonna hatez.

Conclusion: rpitella's (sp?) chart is really pretty good, so far, until it's not. We're going up too fast (for the last hot 10 seconds), so if trading's what you like, there will be a chance to increase your BTC count. Long term, to the moon. Peace out folks, and don't forget to set your bitcoinreminders (.com).

I hate banks, they want to charge me a $25 fee to investigate why I was charged an extra $50 in fees over the expected 5% + $40 with my international wire to an exchange.

edit: sorry off topic but I don't read any other threads :]

the wife trashed the tablet

bull? LOL i think we have a wild//^FIRE BTCREATHING DRAGON!!!*jmho!*   /\WEEEEEEEEEEEEEEE

It is sad, that bitcoin users might destroy bitcoins with this bullshit.

Current system: Whales exist, they try to prey on you, when they fail you are forced to bail them out.

Bitcoin system: Whales exist, they try to prey on you.

My wife wants to spend my coins  

What the hell does that mean? What's the "physical bottom" for gold?

I don't like the tone so far...

Next up, penetrate the Bankster thugs circle.

I will sell a few btc if you can wire me in the usa.

Im not selling discounted but you can get them fast.

Weird, Bitstamp and Gox are on a collision course.

wait what their are more hearing coming?

Japanese green teas like sencha and gyokuro are especially full of L-Theanine,

Isomers...?

The downtrend is due to the fact that the price was high.

As the price increases too fast, people sell the Bitcoin, because they want to take profit.

"roll back"? is this guy for real?

Why would you recommend TOR...it works fine via normal ISP for me.  
Or are the Chinese BTC police gonna arrest all gweilo users  

why is China volume not real?

Gox needs some credit having improved their trade engine greatly.

There is real volume in China.   The daily trade volume is higher than there would be if there were fees, no doubt.   It is impossible to know how much effect it has overall.   The "fake volume" crowd is just grasping at straws to try and talk the price down.   I hope they keep doing it, we need people to temper the market with FUD or exuberance would run away even worse.  

tl;dr   It would be really stupid to assume there is no demand for BTC in China . . .

The last 48 hours have made me wonder why my BTC are in paper storage.

It's annoying to correctly predict rises/drops, but have my BTC sitting in a locked safe at home while I'm at work.

stick to your trade.

The highly secure blockchain is the right medium for small transfers. You will have to have the possibility to buy every day stuff with your smartphone with bitcoin, or it will die. Period. Off-the-chain is the most stupid shit I heard the last weeks.
Everybody is talking about regulations, senate hearings, peeing their pants whether the Chinese will accept bitcoins or whatever. But the real thread are the users/speculators who think you have to have the whole blockchain in your pocket.
Bitcoin has the ultimate chance to replace visa etc..
7 Billion people with 1-5 transactions a day, that should be the goal of bitcoin.
If this is not going to be implemented the next months I will sell out and watch one of the greatest projects in our time die.

How can big money be stored away safely if bitcoin is still tied to fiat currency? If fiat currency collapses, bitcoin no longer has anything to compare itself to, so how would we express value then? Using valuation in bitcoin itself? How would that work since there's a limited amount...

The highly secure blockchain is the right medium for small transfers. You will have to have the possibility to buy every day stuff with your smartphone with bitcoin, or it will die. Period. Off-the-chain is the most stupid shit I heard the last weeks.

No you aren't.  My business, my terms of trade.

I proposed this back in June (If I may quote a flippant post I made back then):

    
BTC Utilty "The Hooker Point"
July 06, 2013, 11:07:42 AM
   
Reply with quote Edit message Delete message  #1
I just posted this on a topic elsewhere, but I wanted to give it a thread of its own as it is about BTC price and utility which are fundamental concerns to us all:

Quote from: tokeweed on July 06, 2013, 09:26:13 AM
  i cant even get a hooker for btc.

This is one of the most insightful comments I have seen on this forum for some time.

As someone interested in economics, I think the establishment of a measure for the adoption level of a digital currency would be useful, and I think 'The Hooker Point' is perfect for it.

If we take an average city of (say) 100,000 inhabitants we can deem it to have reached this point when it is possible within the city's limits to find a locally available defined sexual service directly from a provider (without a 3rd party exchange involved) with a given currency in a (controlled) 24 hour period.

So a country can be defined by how many Hooker Point cities it has, or what proportion of its qualifying cities have reached the Hooker Point (for BTC).

Comparisons can be made over time and against other countries.

Since currencies go back to pre-literate times and prostitution is the oldest profession, it is a measure likely to remain current for the foreseeable future.


Further comment on price and utilty:
1. Market prices fall when more people want to sell than buy, and prices rise for the opposite reason.

2. People's choice as to whether they wish to be a buyer or seller is affected by their needs (entering or leaving a market due to the need to buy or sell what the market trades) or for reasons of sentiment (optimism or pessimism about the market price).

3. Although economics supposedly deals in rational situations in the market place, it is a fact that markets and sentiments are not necessarily rational.  A herd instinct, or copying instinct means that people often buy because people are buying - or sell because people are selling.

4. At present BTC has little practical utility (see 'Hooker Point' above).   Therefore, the market for it is much more heavily influenced by sentiment than other markets.  Since most people do not need to pay their rent or buy food with it, its value is almost entirely based on sentiment.

The only conclusion a rational person can reach in the light of the above is that any price predictions for BTC are very likely to be completely and utterly useless.

Anyone know a good tax guy in NJ/NY area who actually understands this?

How did they get these data?

Class article answering the foolish 'Bitcoin is like Segway'-article. http://www.washingtonpost.com/blogs/the-switch/wp/2013/11/22/no-bitcoin-isnt-like-a-segway/

i'm feeling nostalgic

check out my youtube channel, its hilarious!

http://www.youtube.com/watch?v=Lzl5t1Sracc

What's with the sausage-fest.  Let's do something about that:

This has been posted twice. And I wonder why? Is 192 Coins a lot? Can this crush the price to sell 192 Coins? Or why do you post this?

Good luck with that

I think its the east indian kid on bicoinity.

If that video keeps popping up and distracting you, add your own rule to adblock plus:

bitcoinity.org##DIV#flash

Ahhh...there's that spike I could feel.

Went out and did some weeding...always a sure thing the market will move while I'm away.

So, educated madames et monsieurs....where do we take profits before this trend reverses?

It would have made sense two out of the three "bubbles" to do so. This price will crash as well. I am taking profit when it looks like the top and I'll double or tripple my coins on the buy-back.

White as the driven snow my friend, rest easy

how low?

Where are all the bulls? Get in quick before $800 is a thing of the past.

price will fall pretty hard soon

Someone tell me this is somehow not going ugly.

..... 

Not a promising start: climate change BS, "running out of resources" fallacy (economic ignorance), overpopulation OK maybe, technological "upheaval" (is this supposed to be bad!?).


More climate change BS, "post-capitalist"...stopped reading there.

Maybe I was too judgmental, but I can't imagine that someone so ignorant about the basics of how the world works (I think my high school teachers said the exact same thing as this) would have any reliable insight on the future.

That's a strawman,

A million traded in a day, not every day.  Or the liquidity for the market to absorb such an amount.  5% of the current holdings would saturate the entire order book of every brokerage, not that any holder that huge would want to do that, but thats not liquidity atleast not towards our market cap goals.  I feel very lucky to have contributed and experienced this, thus far, and plan on trying to make others as happy as I have been.  I started a few cold wallets at the beginning of this year for my kids' college funds to that end as well as some other plans to diversify to some non-believers in the future just to try and get more of the word of mouth around.  I'm not the type that would be rich very long in an ultra rich position. I would want others to experience the joys of a debt free life, or atleast a shot at a clean slate, as well.

I was actually going to post a thread on this very topic..."what will you do with your new found riches"...investing in a wildlife sanctuary for us.

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.

the barrier to entry is so low.  

this girl is ignorant

this is just complete nonsense.

So say BTC becomes THE global/national currency. For shits and giggles, what do you think that would put the price at? Additionally, those who hold over 1kBTC (which is a solid handful) would have such an influence on our economies. I don't want to discredit anyone who was an early adopter of bitcoin...but if the above was to come true, wouldnt you be worried about the power some of these people hold?

Nice to be back, I did a little day trip to beautiful small mountain town called Ronda.

I said this 3 hours ago 

That would be premature, what if it reaches $999 only to crash to single digits!

I would be happy in a monarchy where rpietila was king.

half a cent each was a better time to get on

getting out at $900 is like getting out at $9 on steroids

you cant properly put gif here: http://i.imgur.com/inSWYOz.gif 

I don't see the point. I don't carry paper wallets on my person.

I' going to put champagne in the fridge  

Someone create a radio show from this thread please!

What's really cool is that the bitcoin price seems to increasingly catch up with the page numbers in this topic. It may actually surpass it one day 

We're going down to double digits. This is confirmed.

But it isn't going to go to the moon and stay there, it is going to come crashing down.

Now will 15.5 oz of silver ever equal 1 oz of gold again?

That is sort of like heads I win tails you lose. In the cases here where you win the btc recieved is worth a lot while in the cases you lose the btc given is worthless. ..

Big indeed. This time we go mainstream for real, baby.

5 digits by next year month.

lolol, wow. This looks like pure pump if I've ever seen it. Goat probably just orgasmed to death.

There's still more to come from this, I don't think it's over yet....

Raised my ASK order to 1800 USD

Get used to it. To sustain the current price we will need to see much more $$ on the bid side.

dunno, frontrunning?

You really are terrible at this

After the $1K mark today; I've been -literally- bombarded with questions about the "roof" the price will be "landed". I know that bitcoin is nothing like anything we know up until today; but still; we can estimate a projected value regarding something similar. Gold.

This is a rough estimation I did back in March (before the April crash). I think it remains pretty accurate to give you an idea. It's also posted at www.bitcoinvest.eu for Greek readers.
The money in circulation today ($USA) is 1,18 trillion dolars (data 20.03.2013, Federal Reserve). Gold minted during our presence here is now 171,300 metric tons. Therefore there's $6,888.5 per kilo of gold. The current (27.03.2013) gold value per kilo is $51,267 (http://goldprice.org/) which means this is overpriced about a factor of circa 7.5. That's because NOT ALL of gold is available for trading.
If the total lot of bitcoins reaches 21M (it comes @ 2140) and NO EXTRA DOLARS are being "cut" (unlikely, but say it is so), the projected theoretical value is 1,18 trillions of $ /21 Million Bitcoins= $56,190.47 per bitcoin.
If you now take in mind the overpriced hypothesis of gold; then you get the idea...

PS:
It's also posted here answering (guess) the same question...  
http://np.reddit.com/r/Bitcoin/comments/1rloww/serious_question_do_we_have_any_reasonable_idea/

If you have any objections; please let me know.

1100 tonite??!

We rocket to ~$1400, then mega crash on thanksgiving while everyone is celebrating w family and not paying attention to tickers.

 

Why should someone pick this name, please?

http://www.bitcoinblackfriday.com/

That's not gonna happen for a long time.  Merchants will want a stable currency.  They have to buy in fiat, so they price in fiat converted to btc.  If they have to change their (btc) price every 15 minutes they will chuck it out with the garbage.

/Frank

I think you'll need more than that.  Mrs. Shopper looks very closely at the price tags attached to the items on the rack.

That will probably work.

   Send my spouse out shopping with a btc loaded wallet.  Bleah!

There is every reason to believe that many businesses besides merchants will love btc, but the process has to start somewhere.

I have a serious question for ALL of you regulars here... Don't you people EVER sleep?

After reading about... urm... 14 pages of debate I think I must post some thoughts here for you. Most of us here have absolutely no idea of arbitary investments / exchanging currencies. Unless you're familiar with something similar (ie: Forex/XE/derivatives etc) I suggest you pick your cryptocurrency of choice and stick to "holding". This is the safest bet you will ever have in order to get profit. Getting in and out from exchange to exchange and currency to currency (even if you're 24/7 at it) will end up in tears for you (in most cases) if you don't have previous experience and knowledge.

I personally follow and post here the 5 rules of success for you:
1. Don't get emotional from other's people thoughts.
2. Not everyone here is a "nice person" you can trust.
3. IF YOU DON'T KNOW WHAT TO DO, DON'T TRADE.
4. HOLD!!!
5. Until you desperately need the money follow rule #4.

Good Luck!

Driving limo, can confirm.

In the name of Black Friday Mt. gox will have no trading fees tomorrow. Same goes for bitcoin.de btw. I predict high volume tomorrow.

according to those posts I should sell

I have a serious question for ALL of you regulars here... Don't you people EVER sleep? Grin

After reading about... urm... 14 pages of debate I think I must post some thoughts here for you. Most of us here have absolutely no idea of arbitary investments / exchanging currencies. Unless you're familiar with something similar (ie: Forex/XE/derivatives etc) I suggest you pick your cryptocurrency of choice and stick to "holding". This is the safest bet you will ever have in order to get profit. Getting in and out from exchange to exchange and currency to currency (even if you're 24/7 at it) will end up in tears for you (in most cases) if you don't have previous experience and knowledge.

I personally follow and post here the 5 rules of success for you:
1. Don't get emotional from other's people thoughts.
2. Not everyone here is a "nice person" you can trust.
3. IF YOU DON'T KNOW WHAT TO DO, DON'T TRADE.
4. HOLD!!!
5. Until you desperately need the money follow rule #4.

Good Luck!

After the double bottom there's always a great rise! 

Yep; previous page

pretty much this

Was this it? Starts at 2:10.

http://video.foxbusiness.com/v/2877505242001/is-bitcoin-here-to-stay/

Besides the $2 bottom of 2011 I never saw the board bearish.

the fuck's up with quarkcoin

Dumb things finance people say:  http://www.businessinsider.com/29-dumb-things-finance-people-say-2013-11

I think I've seen most in this thread alone

Having BTC at one place and mBTC at others is kind of (super) messy, and prone to provoke mistakes.

wonder if he still has the 1337 ltc i gave him.

A reply of yours, quoted below, was deleted by a Bitcoin Forum moderator. Posts are most frequently deleted because they are off-topic, though they can also be deleted for other reasons. In the future, please avoid posting things that need to be deleted.

Quote
Oh, the 60GH single is blowin' on my feet

the $45 a day is also pretty neat

posting on the forum makes me feel very 1337

I never heard that tulips gave away free heat

Be agressive, Bee-Eee aggressive!

If anyone wants to throw out a good tax strategy for an American, I'm all ears.  I'm dreading having to pay on my BTC profits. 

Let's show the guy a bubble!

http://www.lambonb.com/searchnew.aspx


this seems to be all the have in stock, meh....

I'm looking forward to buying some acreage and building a sustainable home of straw and rammed earth. In some ways, like others here, looking forward to a modest life (I'll be wanting to borrow Goat's tractor probably)

just hold.

trying to increase your BTC position by trading is foolish, if you want more buy more.

On the positive side, this has to finally be the effective end of Gox as market leader. Who wouldn't pull out of there after this?

The one I use may be operated by the Russian Mafia but atleast it works 

What happened after the last Loop?

I just realized until bitcoin I never looked forward to it being Monday so much.

Of course when I pointed this out he quoted me, edited my quoted statement, then deleted my original post  

https://bitcointalk.org/index.php?topic=372267.0;topicseen

Could this guy be considered as a whale?

Thanks

Shit, and because of the advice of you dumbasses I reserved half. Fuck!

After factoring the news from China into the stages of a bubble model and extrapolating, I've come to the following conclusion:

C'mon... let's go down to 600$.

come to Canada then, were not so bad. But no where is really perfect can't wait till Goat buys an island and we can move there and start a btc only community.

Yes I sold at the bottom @650 and would be happy if I only could get my coins back. I had 35 coins before I registered here in the forum. With listening to some people here I panic sold so many times. With a loss of 4 BTC´s. And now I panic sold again because people here were writing it is the end, adam was even crying. So I sold all at the bottom. Looks like its better to move the coins to a wallet and forget the forum here.

Call the bottom with a time line.

It wasnt gradual at all @btc-e

Why do I buy and hold, oh yeah, thats right. Because of this.

I do it every time.

6am in Beijing.

Where do you think it bottoms out at?

When QE fails, resort to straight up theft...

That's beautiful, I'm in awe of your linguistic prowess  

Yeah I translated that article with google translator and there is no single word about Bitcoin lol. Ignore.

" bitcoin shut off codes "

wtf kinda of FUD is this.

Satoshi getting captured doesn't matter. We can just make Ben Bernanke the new head of the BTC Central Bank.

http://www.theatlantic.com/business/archive/2013/12/why-bitcoin-will-never-be-a-currency-in-2-charts/282364/

Guys cut the crap. It's not good.

Guy's I don't want to go to sleep, but it's way past my bed time.
What should I do?

I wasn't paying attention, what happened this time that scared folks enough to bring the price down to the 700s range?

who wants to sign up for my weekly news letter?   

So its noon over in China..... still no official announcement.... ?

Why?

(or thats how the CCCP think)\

It officially time to panic buy!!!!!

Probably much, much lower, now that the absolute worst has been confirmed by sources and by official PBOC statements.  Get out now.

Been there, done that! 

ROFL, that is awesome   Thanks

ffs youtube

and downforeveryoneorjustme.com said it's up.

$21,000 cash at 10pm....hmm, be careful!

Wow, this got me pumped..  

http://live.wsj.com/video/can-bitcoin-breakout-in-2014/48B4414B-6F68-4AD7-BAD5-496ACF3C8252.html#!48B4414B-6F68-4AD7-BAD5-496ACF3C8252

People finally starting to get it...  slowly but surely.

This been posted here yet? http://www.businessinsider.com/williams-bitcoin-meltdown-10-2013-12

Quote from article, titled FINANCE PROFESSOR: Bitcoin Will Crash To $10 By Mid-2014:

Mining is currently very profitable . . . 

Wow, you spent $70,000 at current price for 60 GH/s? That sucks ass!

I hope Josh gets gang raped in prison.