...
I made about 20k messing around with [Crave] P&D. Was great. Some of the easiest money I have ever made.
...

...
Give me a break. BTC Crave will always stay relevant as long as the miners are around. BTC Crave backs this entire ecosystem and BTC Crave will further empower it to become an even more robust powerful network of companies involved in blockchain tech and other various blockchain related projects. I believe BTC Crave will always be relevant because it was the first. It will act as Digital gold...

...
You put relevant 2 times you dyslexic kid

Crave will always stay relevant ... Crave will always be relevant because it was the first. It will act as Digital gold...

In 2 years we will be very rich

Neither diagnosis is currently included in DSM-5, stoopid!

... sombre and poison-filled pages."

... [blablabla...]

Surely if you drive around in them you have to pay huge insurance bills each year. Don't those bills add up to a super car's value after 30 years? An 18 year old would be charged as much as a lambo cost to insure it. A thirty year old would pay much less, but still a considerable sum each year, and that's only if he'd never made a claim.

Of course it's not closed over the weekends. ...

...
Maybe people just don't like them. Or maybe people don't want to contribute to making little Harvard elitist thieves even richer. How many yachts do those little scumbags really need anyway? ...

Crypto-currency could actually be quite good for banks.  They'd love a way around credit cards.  Not good for credit card companies, remittance companies, etc.  I don't think credit card companies know how to respond, still.

[Picture of the obsolescent anachronism known as Bitcoin]

...
Let them bumble around in the dark if they wish. Eventually they too will find the light switch.

Shit is going vertical! 

...
where can one see gemini chart / orderbook?

what is the reason of this rally?

any good news? or just an ordinary pump?

do you remember that story about that stupid and dead whale that sold 30 k @ 300 $?

lel

these days the entire bitstamp's bid side is like 5k.  

On the 1d-step Bitstamp chart I see a steady rising trend since 2015-09-22 (since 2015-09-14 at OKCoin).  There are some small $5 spikes on top of that trend, like the current one; but they have been short-lived. 

What is causing that trend?  Who knows...

Can someone remind me, how is fiat dealt with on a decentralized exchange?

+bitcoin ATMs poping up everywhere like shrooms in autumn.

... if you are a big fish, there is always bitcoin-otc, wot and other 'safe' measures to get some (whilst you can)

hmyea no. i wouldnt touch these FBI tainted coins even if they'd be sold half the price for.

because most (smart) people just hold

... I actually wouldn't be surprised if OpenBazaar is used by some people as an exchange. Come to think of it...maybe I need to work on an "exchange store" on there...

-snip-
TL;DR: Lying. Also stark-raving mad.

Why is every rise a pump and every drop a dump? SMH

And yet it is the most incredible piece of 13k pages of pure useless, uninformative, double-cross, hidden agenda gibberish I've ever followed.

So there's no difference between a speculative overshoot and an instance of planned price manipulation?

I read something about a vast Russian MMM ponzi currently operating in South Africa buying up Bitcoins. Any news?

The entire network probably pulls around 250MW. At 4 cents per kw/h that's $240,000 per day in electricity. Which would be 1000 coins a day when the price is $240.

Now at $263 that's 912.5 coins. At $300 that's 800 coins.

Now that's just electricity, but if you assume that a large part of the mining community wants to keep as many coins as possible until prices improve you might expect the supply of coins to tighten as the price moves up.

If 350-400$ was a low price back then what do you believe they consider 250 nowadays?

1. They're already wealthy people.
2. They have loads of VC money
3. They used to make what is likely to be ridiculous amounts of profits selling mining gear.

The network is at 500 petahash  and the machines are pulling an average of 0.5w/gh (Ant s3 0.7w/gh, SP-tech 0.6w/gh, ant s5 0.5w/gh and newer gear 0.25w/gh).

A very large portion of the miners today are old Ant S3's. But a lot of mines will simply replace miners rather than upgrade capacity when things are as marginal as they are now.

Some will sell the old gear on ...

Cooling is a lot cheaper in purpose built mining centers. ... Maybe 3.7%?

Yeah, Chinese chicken coops are less exotic than actual data centers, but still...

... the dutch and belgian mining operations with 20 cents per kw/h went first. While areas with 2 cent kw/h are booming. It's a volatile market.

If you have paid for a 500KW facility with with shelves for 500 machines, 500 psu's, 500 power outlets, Network with 500 lan cables, 10 power distribution units. 5 industrial grade fans, and so on, It makes a lot of sense to migrate to a more power efficient miner and turn your 500TH facility to a 1.5PH facility.

... It's so tempting to attribute (at least partially) the current trend to early halving anticipation, similar to how ...

An elephant trumpets wildly, breaks a chain holding it to a tree, and flees to higher ground — just before a massive halving crashes ashore, drowning hundreds of thousands of people.
Did the elephant know the deadly halving was coming?
That’s the question explored by NATURE’s Can Animals Predict Disaster?

*gasp* Supply might be a relevant factor for price discovery? Who would have thought?

...
You're starting to sound like a broken record. Hope you'll eventually realize this, and will go back to writing more interesting, bit more varied posts. But, of course, do as you please.

https://en.wikipedia.org/wiki/Derivative

Let me know when you're done reading. In that case I might be up for another 'discussion' with you on the topic, but no promises :3

You're thinking in terms of total supply (or demand). Important, sure, but not sufficient. Bitcoin mining reward can be seen as a case of increasing supply (up to a finite total value, assuming for a moment the protocol will never change on that matter ), with a predictably changing growth constant -- as opposed to the supply situation of, say, USD, without a declared finite total value, and undergoing unpredictable (or at least: less predictable) growth. If market participants would be perfectly rational and able to calculate ahead, the changing reward eras shouldn't matter. Whoever thinks that, however, will be rather disappointed, I'm quite sure (which is not to say I belong to the "Rally to the moon, once reward halving" camp).

... You make me laugh ...

Poor lambie. So you got fucked over trying to mine? It happens to the best of us (Not really, but I think that's what I'm supposed to say).

brothers are working, take it easy

I saw the article from news about the flow of buyers from china... you can read it here..
http://bitcoinist.net/china-turning-bitcoin-yuan-devalues/

Volume on Gemini down to almost nothing again.

i would blame the weekend for that. no fiat->no trade.

as far as i know the other exchanges are a little older than 2 weeks.

prices last week on gemini showed a big gap towards other exchanges. the reason is pretty obv, fiat pouring in immediately panic bought btc no matter what premium they had to pay. therefore no fiat at the weekend on gemini. pretty simple.

as the workweek at the eastcoast starts exactly NOW, it will be interesting to see the next hours if the volume starts to rise again.

...
did anyone mention "Institutional Investors"?

ok, just for you: nobody here mentioned "Institutional Investors".

then why the fuck do you quote me?

...
you want to show me "how wrong i am" with a phrase i never used? lol! and now go and talk to a wall or something.

did anyone mention "Institutional Investors"?

Jesus, lambie! Go mindrape someone else. I've got a list.

Lol! Are you fishing or do you think you know something?

https://twitter.com/cryptsy/status/655911658045444098

cryptsy going full ponzi.

... Gox Bot myth.

...
I'm NOT joking.  I bought my first Bitcoin at that price - $1,201.35.  Actually to be more specific, I bought it on November 29, 2013 through a person I met through local bitcoins.  I bought in cash 1.2486 BTC for $1,500 USD.

The train is going to leave the station soon people!

Crypto is becoming mainstream! The ENTIRE ALT game and crypto game in general is changing.

If I was you I would stock up on as much BTC as you possibly can now!

...
Your first mistake (of many) is your assumption that value of assets is based on it's current use, where in actuality especially for small caps 99% of it is based on potential think WhatsAp, twitter etc... The other point is just because you can't think of a solution doesn't mean no one else can. In my opinion raising transaction to 0.25 USD/tx would be equivalent of shooting a fly with a bazooka. But the funny thing is, even in that worst case, I think bitcoin can still prosper.

Norway 25%

For localbitcoins I had some people driving 2 hours to trade with me because the people in their city were charging 20-25%. At the time I was only charging 15%. I've since lowered it to 10.

I don't ask. The one guy who told me why was because he doesn't think his government should know every little thing he does with his money.

I actually paid 15% for 6k euros when I first arrived here because that was the only way I could get that many euros quickly. I needed it to buy a car.

Bitcoin being anonymous I don't get into it with people. I did have a guy from Italy sell me some bitcoins at 20% markup because it was the only way he could get cash quick (I had such a high markup because I don't tend to have a lot of cash handy). He was here for work and the ATM ate his card and he needed cash for an apartment (In Germany they tend to charge 3 months rent up front). I believe the ATM thing because I went to the same ATM with him and it ate my card also.

It was more like.
Me: I thought you were buying bitcoins, not buying euros. I only have 300 on me. Let me get 400 euros from this ATM we're standing at.
ATM eats my card.
Italian guy: Yep, same thing happened to me.

... ETH put Crypto on many IBM employees radars. New money is flowing into the ALTS and bitcoin.

While we were standing there a few other people used it. The reason it ate my card is likely because I didn't have the right PIN.

I couldn't get any cash. I gave him 300 so he could have spending money for a few days and I went to the bank the next day to get more (where they told me I entered the wrong PIN). We actually hung out a few times and talked about Bitcoin and general ex-pat type of stuff. I helped him figure out how to pay Expedia for a hotel room with bitcoins while he looked for an apartment. Eventually his wife sent him a replacement card from home. And I got my replacement card, though I never did use it (that was the first time I tried to use my ATM card).

This is debated commonly among anarcho-capitalists. We are so different ideologically from anarcho-socialists (the original anarchist, most common type, and the ones most people think bout when they hear the word "anarchist") that it may not even be helpful to use the word at all.

If "anarchist" means "no rulers" or "no monopoly State", then I qualify, but not if it means "no leaders" or no hierarchies at all, then, well that's just stupid.

I'm a hard core free market dude who opposes aggression and coercion.  Some day hopefully there will be enough of us that we can get our own non-hyphenated word.

Well some people are miserable bastards. Pissing on our fire.

...
We are well aware of what Ayn Rand thought of us.  We don't have lots of love for her, either. We do have a serious respect for her contributions to free market thought, but if you wanna look at real intellectual cultists, take a look at the Objectivists.  I mean, even Nathaniel Brandon couldn't get along with her. True intellectuals don't worship their heros. We learn from them and build on the foundation. For example, even Saint Murray Rothbard himself though Intellectual Property was a legitimate concept. It isn't.

Rand was a brilliant but flawed woman.  Her books were interesting and compelling, but hardly great literature. Her philosophy survives now only as an intellectual backwater. How ironic that Rothbard, one of The Chosen, was much less of an elitist.  I respect Rand but I love Rothbard.  I'm a firefighter with two jobs and about as far from being a hippie as you can get and still be white.

EDIT: Rand was also a Jew. Smart people, those Hebes. But smart doesn't always mean right. Karl Marx, for example.

... I could cherry pick a few states that do better than the rest as a rebuttal, perhaps one with ethnic homogeneity like Sweden.

I don't need to caricature socialism. I have North Korea.

I would guess the MMM had between 0 and 0/1 effect on price.

Always nice to see. What is the reason behind the uptrend?

... but BitFury alone is building a 100 million dollar mining facility right now, so not exactly a big deal.

So which is it, BitFury's casino is profitable or not?

...
You can't blame Bitcoin for the actions of the people who use it. ...

Haha, you stupid troll

It's hilarious Stolfi is trying to claim Bitcoin is rising due to a Russian criminal that's running some kind of Ponzi scam.  The scam doesn't even have anything to do with Bitcoin, he just accepts Bitcoin as payment

It's like trying to claim the price of Bitcoin is going up because of Tai Lopez:

You link to something from 2012 then claim it's the cause of the BTC rise now when you would have to be completely brain dead to believe that.

Just went to the store and bought a case of MMs. I'm gonna dump them before the scheme crashes. When do you think that will happen?

2 years and 7k posts later, stolfi still knows nothing. Well invested time.

(Sorry, but search-by-image does not work on the browser I am using now.)

Agree. I've seen lots of bears/trolls celebrating a 10 USD drop over the last 24 hours. ...

Just a correction, the next target is 450 near the halving ...

....scandinavia?

Russia is a plutocracy, China is a dictatorship, and America is an oligarchy. None of them care enough about their future to do something about it with this amazing technology.

Some guy quoting some guy quoting some guy on the internets. Words of no consequence.

...
That's Americans for you. They put up with banking that's stuck somewhere around 1832. I think they still deliver cash by stagecoach too.

Seems like you couldn't even find South Africa on a world map...

I'm gonna repeat the question: why then is the buying pressure not 24/7 and only on China day time?

...
The question is how long will the Chinese authorities take to deal with these ponzis ...

bitcoiners in cold storage seem even safer than bitcoins in cold storage. both together seem like an investment plan.

... Or may even be positive for China, if foreigners buy coins from the Chinese.

Everything's fine. The battle for 2000+ CNY will resume in about 7-8 hours

... this is in fact a healthy growth of bitcoin and it's just the market correcting itself for the mean time..

lets wait for the fed decision and see if btc price is affected

Lambie do you own any bitcoin(s) - No hidden agenda here, just a genuine question?

Eh? Check its posting history. There's even one of those interminable Chinese illustrations in there.

No you are wrong. I'm probably half your age and am the owner of two succesfull businesses. Try again.

Are you guys mentally retarded?  The federal govt can just print money out of thin air anytime they want, yet you believe they're going to pump Bitcoin for some meaningless auction for a trivial amount of money?  Out of all the conspiracy theories for why the price is increasing, this one is dead last.

stamp wall is no more

(this might be my first on-topic post here)

>32,000$ in <2years

... i think we are seeing hopefulness, a renewed sense of optimism ...

NOPE!!!!
...

So what.... don't be such a simpleton.

...
I am making more from BTC rising in a day than I would make in 3 months worth of work

How grand will this topple be?

Thanks man, just sold everything 

...
"Don't give your essence to those that seek it."

I'll take that to mean hodl.

I THINK someone just shorted ~5K bitcoin on bitfinex

extremely large green dilido is becoming incressingly likly

LTC completely out of control 

Gosh

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

...
So stay in Yuan and lose 20%?  Or buy Bitcoin and gain at least 50% from halving and avoid the 20% devaluation as well lose it all? ...

...
You don't lose anything if you're still HODLING. Weren't we on about 220-230 4-6 weeks ago.
290 should act as some kind of a bottom.

... everybody will embrace you. ...

I could see the Rothschilds being behind bitcoin if they were all like, "You know, this unlimited power to control the world's currency is kinda old.  How about we give people back their freedom and let them choose what type of digital currency is best for them..."   

...
else its just one other centralized scam a la ripple or eth.
...

tell me more about how the dollar isn't a scam.

Chinese exchanges agree the price rise has nothing to do with capital controls.

https://bitcoinmagazine.com/articles/chinese-exchanges-agree-bitcoin-price-has-nothing-to-do-with-capital-controls-1446233197

Dunno how they know this for sure but I guess they'll have a better idea than most.

You bears lose everything shorting at 245, thats why you are here crying all day... deal with it  

Boring crash.

Choo choo more fun.

http://s9.postimg.org/8otvty5zz/Capture.png

What happened?

At the moment, I probably should just say "a lawyer has a bunch of money to hopefully take care of it" and leave it at that

So after all you are not an anti-bitcoin, you are just a bankruptcy shorter that got serious butthurt these days.

...
"Organic growth" isn't all green. ...

India's coming aboard?!

I think we will touch 350 by the end of the week. Buy now or cry later.

I expect an updated Wile E Coyote gif out of you in 5..4..3..2..

... OKcoin said they had 24 people processing new KYC documents for new accounts ...

He might be selling snake oil, but you're the manufacturer of snake oil.

Pathetic. Hopefully no one listened to you in the last year.

Thankfully the price continues to march higher.

Any wagers on the eventual top? Thoughts on the impact of the USMS auction tomorrow?

hey, yolanda please post that 280$ gif! will you?

why not the original? take a wild guess.

maybe because we broke through 280$ and 380$ with verve and left your little funny gif looking as moronic as it always was?

...
It's a quick sentiment check, and sentiment are bullish. 

Are you Lucifer, or only a minion?

wtf are noobs doing in west exchanger? china are leading this rally and you all dumping, now get rekt and cry greedy bastards.

See, where the hippies went wrong is trying to use the power of love. Weak, fickle and rapidly abandoned when it becomes inconvenient. Like trying to run a 747 on milk.

Now, greed and self-interest... There's some rocket fuel for you.

Nope. Greed is everywhere and can easily generate good as well as bad.


The trick is to create a system that incentivizes the greed of people to do good things.

no, it doesnt

http://i.imgur.com/YXCyGvq.png

Pucker those sphincters, hodlers !

lol! you are so pathetic. coming now with your little funny 380 gif and before refusing to post it. lol!

whats with the 280 one? still not the balls to post it?

Well this is shit.

Will someone give me a cuddle?

was i not suppose to?

Did you sell all coins at $2  or were they all on Gox

... Ross was sentenced life in prison. I wonder what made him agree to let those coins be auctioned? He didn't even get years off or anything.

Daily chart still looks fantastic. Just sayin'.

Another question why was the price stale for so many months and then all of a sudden it goes ape shit??

up?

if we're going to reach my 520 target for tomorrow afternoon ( in ~24hours) we need to rise at a rate of 8 cent per minute

Cue bullish price release of usms bids..

fud fud fud fud

[slut with-buttplug.gif[/img]
Gina Carano think of you.

You lot have it all worked out.. easy money. Just sell or short. Oh wait..you already have.

Bears back to caves. I bought on localbitcoins in the UK near the (hopefully) bottom.

Then there's the Yololambchop special:

[http://i664.photobucket.com/albums/vv10/JimboToronto/BronyButtPlug.jpg]

Huge profit? LOL

Pics or it didn't happen.

He meant safer than leaving your money on a bank.

https://upload.wikimedia.org/wikipedia/commons/9/90/Type_locality_of_Glyphidrilus_chaophraya_on_a_river_bank_of_Chaophraya_River,_Payuhakiri,_Nakhonsawan,_Thailand_-_ZooKeys-265-001-g023-A.jpeg

It's a common mistake.

...
That is Bull whale, telling Bear whale, we are bigger and tougher than you are, now run along and exit your massive short position, or something like that, cos you aint driving this market down at this moment in time.

The Bears arrogance blinds them...

Either market technicals moulding/manipulation from one whale, or a battle between Bear and Bull whales, which Bull whale took to both Kraken and Finex, as well as Bitstamp, where massive Bid walls were erected at $380.



He has removed his Bid Wall from Finex. I expect he will also remove it from Kraken soon. 400 odd of the Stamp Wall remains.

P.S. U need to stop passionately fighting and believing in your own book. That can cost you a lot of money.

This is it.

Yeah, after consuming 2 bottles of DP 2004 this week ...

you act like you won the World Series...and it just dropped a few bucks!

Maybe you are falling into a trap...

Pathetic. Hopefully no one listened to you in the last year.
Thankfully the price continues to march higher.
Any wagers on the eventual top? Thoughts on the impact of the USMS auction tomorrow?

You were bearish on bitcoin and the price tripled. Nuff said.

... the resitance zone which was tested 3 times, over the space of several months, and which was emphatically breached last week....

Hey China. Time to wake up get this thing back into bull mode. Please and thank you

imho it would be great if all miner join together and put real buy wall buy buying all the coin if price drop under their manufacturing cost... which is now 350-175

EDIT : cryptopolitee