This is scary.

Not to worry, I ordered an ASIC USB drive on ebay and it should be here soon. So I will likely tip all of the mining power on its ear once I plug it in. I promise if I go over 50% with it I will not double spend.

Crisis averted.

 

Yes, according to the chart we should be much lower right now ($200ish), reaching $1,000 some time in October-November 2014.

Certainly long term bullish but downward pressure for now.

What I do not understand is...the panic sellers are on other exchanges selling...

they know that there are other exchanges besides MtGox because they are on those exchanges

and those exchanges work...

I don't get it, but hey...cheap coins

This.

Looks like someone decided to cash out a large amount of bitcoins at once.

helllooo....tax purposes

it's always best to lose money when it comes to taxes

Getting some great rates at these low prices.

The more whales dump their bitcoins, the less people can complain about the small amount of people holding so many bitcoins.

I so wanted to buy when it was down around $460 but I changed phone numbers on CoinBase and it takes 48 hours to review the change.

I missed the window on really cheap coins but will still be buying when I get my account back.

There is no other reason to push the price down so low unless you are buying a lot of cheap coins...which at that point the buyer will want the price to go way up.


Reminds me of the days of The Manipulator (TM)

Darn, had a buy of 20 btc waiting to go down a little lower than $290

I was wondering when this would happen.

They need to get more money over to bitstamp.

Ya, probably some dude was going to put up a fake wall and then drop it so the price would shoot up but then lost his Internet connection.

I'd buy up a bunch via CoinBase but I imagine by the time it goes through we will be much higher than the current price.

And the wall...came tumbling down...

lol

So that is the answer to the question of "what if <insert X early adopter/FBI> dumps all of his bitcoin on the market at once?"

it gets gobbled up

Not much money on the exchanges to buy much more.

They need a recharge.

There's less than 30k bitcoins to $3000 on stamp.

TA on this chart shows that we will be at $300 for infinity.

What I already use it for, to spend my money on things.

In the short term I have seen that if the stock market crashes, so do gold prices. But over the long term if the stock market is down gold is up.

Is Ripple that centralized thing owned by a company? Kinda like Western Union.

Where can I buy some of your bitcoin2s?

Will you trade BBQ coins for them?

Another Keynesian "waaa....you people with technology are so smart but can't you be smart and make things the same as the dollar?....waaaa"

one example?


(I do know of just one)

I think the sound affect instead of 'Break' should be something like Zing...or Zoom...

this is GENTLEMEN

https://www.youtube.com/watch?v=k_KFj8k3jFI

I read this in the Wall Observer thread on bitcointalk.

Rocket train to the moon!!!

Weeeeeee!!!!!

This...there are 2 golden rules.

Never get involved in a land war in Asia.

and

Don't short Bitcoin in November.

Ahh...the sky is falling!!! Sell your yachts and limousines!!

Put the price back. Wire transfer is on its way.

There's no news to create a panic buy and a huge rise.

We will be bouncing around for a while.

How did he get burnt?

He was able to buy 50k bitcoins at a lower price than he could have paid on the exchange.

Ahh!!! It's crashing to levels not seen in a long long time!!!

I'm selling all of my bitcoins!!!

Aaaahhhh!!

He probably has them on ignore too...like everyone else.

10000 pages!!!!



Woot!

10,000 pages brought to you by:
BitPools.com(tm)*
*Patent Pending
Copyright 2014

Remember back when bitcointalk had 10,000 pages on the Wall Observer thread?

I have 268 posts in this thread.

All for sale to the post deleter.

Current price: .1 bitcoins each

Ok, I am down to 234 posts with several buyers.

Price is being raised to: .15 bitcoins each


With a good influx of buyers I will buy your posts in this thread for .1 bitcoins each.

Exchange coming soon.

Ahh!!! The price is crashing!!!

Wall is too big

you failed!

Wheeee!!!!!  I'm on the 10k posts page!!!!


(for the future deletions)

I'm going to be on the 10K page again!!!

soon

10,000 pages brought to you by:
BitPools.com(tm)*
*Patent Pending
Copyright 2014

10,000 pages brought to you by:
BitPools.com(tm)*
*Patent Pending
Copyright 2014

Any timeframe on the announcement? It is today right?

Or will there even be an announcement?

Price is broke.

Someone go shake the machine a little.

"I just paid a million dollars per bitcoin on that bitcoin auction thing"

-tweet by rich bitcoin person



TO DA MOON!!!

I sell bitcoin all the time OTC. It is usually 8 to 15% over  market price.

Loading the chamber 1k at a time as my bank lets me.

Hoping for some panic to take advantage of. Otherwise, a skyrocket price is ok too.

If you turn the charts counterclockwise....the price is going straight up...

 

TO DA MOON!!!


(my market analysis)

yw

Have they fixed that Ripple thing where everything is centralized run by a single company yet?

I can taste the despair right now but I prefer to buy during panic...I will hold off a little longer.

This.

Price on Bitstamp is down $1.

NotLamchop is useful in this thread by being so ultra troll/bearish that all other bears/trolls do not bother trying to compete.

This allows for a simple ignore of only one user making it easier on everyone thus turning this thread into the most bullish thread on bitcointalk.

Ya, if someone has some valid misgivings about Bitcoin that's fine. If they come on here and say "Bitcoin will never work because..." then I ignore them, they're on a Bitcoin forum trying to get people to not use Bitcoin. I have no time for people like that. I don't go on the communism forums and tell people they need to stop supporting communism. To each his own.

This, my buys are in the $310-$320 range. Usually before a big climb there is a crazy crash right before. And if I miss it...meh, that's all good too.

Though we have been through so many different reasons why Bitcoin is going to fail and reasons why Bitcoin is going to the moon that I'm not sure what sort of news could do either.

Because there is so little going on I had time to look up quiescent.

being at rest; quiet; still; inactive or motionless:


A year ago you could've posted that and I'd be like "whatever the fuck that means, are we up or down 20% in the past hour!?!?!"

So all 13.6 million bitcoins are traded daily on the exchange?

Yes, it was implied in this equation:
13,6 mil (bitcoins in circulation already) multiplied by 24650USD (25000/target price -350/actual price)

The bitcoins traded for fiat are what determines the price. When the market cap of Bitcoin went from $1 billion to $5 billion do you honestly believe that $4 billion worth of money flowed into Bitcoin? Or was it perhaps a small percentage of the coins on the exchanges that were purchases raising the price?

I had a dream last night about extreme volatility.

It crashed hard then shot up. Everyone was shocked and thought it had to be a glitch (in the dream the price dropped to 0 before shooting up).

Getting close to buying time...I'm not seeing enough panic to buy yet though.

My buys for the past month have been at $310-$320...once US wakes up maybe people will panic sell when they see the lower price.

Has Ripple fixed that problem where they are centralized yet?

Ahh, so only distribution can be stopped with a single wave of a bureaucrat's hand.

So your trading strategy is to sell bitcoins at their lowest and buy ripples at their highest?

Just so you know, the Ripple company has full control over distribution. Like the Federal Reserve.

Just...need...9 euros more panic...

Buys I set in November are so close...

hmm...Bitcoin experiment failed? Umm...ponzi? <Insert NotLambChop quote here>

This. 1 month we will be under 10 euros (for those using hitbtc to trade).

Not sure what the question was but I haven't been able to buy BTC since August...finally got my bank account set up here in Germany, got verified on an exchange and was able to start moving euros over last week fortunately upping my daily wire limit to 2000 instead of 1000.

So this price is pretty sweet.

Plus next paycheck I will start getting paid in 100% bitcoins.

Should I start mining Ripple? How much of it was pre-mined? I'm not going to consider it if over 10% was pre-mined.

Ahh nice, so 100% was not pre-mined?

This does not sound good...but they have a cap right? Is it like Bitcoin with 21 million or like Litecoin with a huge 42 million?

100 Billion!!!?!??? All pre-mined and only 100 needed per bank???

That makes Brenton Woods sound like a tea party.

Here's your new currency. We own it all but if you do our bidding we will grace you with a few.

Ripple sounds like such a shitty currency that it makes me want to go on their forums and spend all day telling them how much I think they are wrong for using it.

Then again, that would be such a waste of my life and I would have to be the biggest loser in the world to go on the forum of a currency I do not like and post on and on about how people should not be using that currency.

That would be about the stupidest thing someone could do. Such a waste of life. How much of a loser would you have to be to do something like that.

No, I will leave the Ripple users to their lives. If they like it, it's all them.

At least Doge was decentralized. Even though it has a cap of several trillion doges.

At least the price has been moving. It was getting boring.

There are a lot of newbies on here today telling me that Bitcoin is doomed. Should I sell all of my bitcoins and buy fiat or buy ripples?

Which newbies to trust?

My 255 euro buy wall has held for the past few days even while the dollar amount equivalent has gone below that on several exchanges. It's only 3 BTC.

MtGox stopped allowing withdrawals and deposits of fiat. If that ever happens on an exchange you are on, get your bitcoins out of there fast. Everyone knew MtGox was not legit and got their money out. Those that left their money on were taking advantage of the crazy volatility going on there. The price de-coupled at one point from all other exchanges. It was no longer an exchange, it was a gambling site.

Very safe.

If you are expecting $10k prices, taking the chance of selling now and buying a few dollars less is the smart move.

I can't believe I set my buy price at 255 Euro back in November when the price was over 300 and it bottomed only doing a partial trade at 255.

I guess I called the bottom.

Mining is just a different way to buy bitcoins.

You could deal with the exchanges, pay a premium at localbitcoins, use your credit card on various sites paying 10-20% or buy some Bitcoin miners and slowly accumulate bitcoins over time.

"Waahh...they have to pay for electricity". Ya...I have to pay the exchange to get my bitcoins. What's the difference?

Do you think it's all poor people with no incomes mining bitcoins? My co-worker who I know mines bitcoins has a six figure income. He mines because he wants to get a lot of bitcoins and enjoys hardware and technology. He can certainly afford to pay for electricity without cashing out his bitcoins.

Or you could deal with the exchanges... 

When you buy your miner you get an estimate of how many bitcoins you will get based upon difficulty. You purchase and mine. You are essentially paying for bitcoins.

Who are these extremely poor individuals that know how to set up very specific complicated hardware setup that cannot afford electricity?

Why not calculate the amount of people that own bitcoins and say "300,000 people own bitcoins, they have to pay for food, rent, electricity, water, gas, etc... this all comes out to $2 billion per month that people will need to sell their bitcoins to pay for. Bitcoin to -$1000 in 3 months".

Most of the posts around 10,000 were people posting "10,000!!!!", trying to be one of the people on the 10,000th page.

But then those that missed it started deleting their old posts so that their post would be on page 10,000. This went on for about 3 days straight.

I heard it is because of the Chinese Yuan flu. People are catching the virus from the Yuan and they usually die within a few days.

My cousin told me, he's from Japan which is the same thing.

May Satoshinta leave many bitcoins in your wallet on Christmas morning.

I for one welcome our cheap coin masters.

I have had my highest buy of .05 bitcoins at 257.81 euro for over a week. Finally all of the buys above it are gone and it's been sitting there all day along with a lot of small buys down to 256.

300 USD = 250 euro right now  

Red rocket red rocket red rocket!

This:

You should figure out first how you want to spend them.

Is this low price just a ploy by those in power to make us all rich?

I have a feeling that it is.

thank you

I almost jumped on that, the return was very tempting. I think like 10:1

I think with Pirate he had a thread like so many you see "I have a way to make you money, give me your bitcoins". The only people who made any money on that were taking such a huge risk by being the initial people to give him bitcoins. Then as they started getting returns they verified that it was "legitimate" and others started sending him their bitcoins. Those first people are probably the only ones that didn't lose their shirts. By the time it seemed "safe" (because of so many claiming they were getting what they were promised) the money was gone.

I think MtGox was still up when they were doing that, you just couldn't get your coins or cash out. They were using MtGox points/rewards/whichever to transfer the funds.

The price is too low.

Like this lady's lips:

The next 12 hours are

So, they're back but still at a price of $276?

I sold some cheap coins through localbitcoins just now because the price was pegged to bitstamp price.

Hmm, that would be a smart move...and probably put in a few of their own orders at the current price to lead by example.

Or you have some people with buys at $1 and sells at $10,000 slowly moving closer until the price is found. I think that would be more fun.

I predict early 2016 at this point. Unless they have to re-file yet again.

Time to bring up my CPU miner.

Price is up, next stop $100,000!!!

You answered your own question.

No, I think it'll skip $300 and shoot right up.

 

Paul Krugman, his article about Bitcoin is Evil.

I thought, surely if Paul Krugman thinks something is evil...I need to get involved with that.

The only authority Paul Krugman has is about how an alien invasion is needed to save our economy.

When I first heard about Bitcoin I figured it was some made up money by scammers and only gold would be a valueable currency. Then they posted Paul Krugman's article about Bitcoin is Evil on the Ron Paul forums and I figured...there might be something to this Bitcoin thing. Many others agreed.

Sideways to $100k.

Is the low price because of all of the Ponzi mining companies finally coming to their natural end?

True...I don't see any bears hounding about BBQcoin's price, and that is a currency that has been dead for years.

I am glad they are all around keeping things active. If they weren't posting and the price was this low I would be worried.

East coast waking up thinking

Interesting. Pirate ended his Ponzi scheme and the price dropped from $12 to around $10.


Then it went up.


A lot.

Worst newbie clone scam ever.

Thank you kind sir. Please, save us all from the scary limited supply electronic currency.

My brother warned me at $17 that the government would ban it.

Last week he finally asked me how to accept Bitcoin for his business.

Wish I didn't have to wait for these SEPA transaction times of several days to get my money to the exchange.

Theymos is Satoshi.

All of the ad revenue he gets from the trolls was his plan all along.

Up 10% in the last hour.

To da moon?

 

Yes, even NotLambChop (if he was posting on here) would agree.

Damned greedy people on the Speculation forum.

You should all be ashamed of yourselves. Give some money to poor people and cut off your balls to feed starving puppies.

Train to da moon!!!

I accidentally forgot to add the decimal point when selling some bitcoins. I was trying to sell 100.00

oops

That moment you realize that $18k can get you 100 bitcoins...

It's not easy to figure out without a Magic The Gathering Online eXchange.

Mine just went through this morning...what happened to the reasons the price went down yesterday? Umm...3600 coins per day! Ponzi? Failed experiment! Come on guys...panic sell again already.

I tended to keep an eye on the cost of going to $800 on BitStamp over the past year. It was usually around $9 million, went up to $10 million at one point, was around $7-$8 million for most of December.

Now it is at just under $3 million to $800.

I suppose it could just be that many people who had their asks before just haven't gotten around to putting them back up, or they moved their coins out maybe putting them on another exchange.

Either way, it is quite a large drop.


(I started watching when the price was in the $600s...the amount did not change a whole lot.

I chose wtf is going on!!

Ahh! it's going down!

Everything said today is a lie and everything said yesterday is true!

oh nooos!

Oh I'm long...




ladies, you know what I'm talking about

You can now buy anything on E-bay with bitcoins

http://www.gyft.com/buy-gift-cards/ebay/

Looks like it is about Factom:

If people start using their API for their databases it creates intrinsic value for Bitcoin.

 Adam Guerbuez @AdamGuerbuez  ·  17m 17 minutes ago

Dat OkCoin Doe..... #Bitcoin


Adam Guerbuez @AdamGuerbuez  ·  4m 4 minutes ago

Are we having fun yet #bitcoin keep watching the charts boys and girls.....

The price has been holding at $220 all morning.

If it stays this price all day it will be the most boring day to "keep watching the charts".

Watching the Euro drop vs the dollar is more interesting.

http://www.xe.com/currencycharts/?from=EUR&to=USD

This is gentlemen!!!!

Or that they are actually pushing the price down pre-ETF so that when the price comes back up, their first year portfolio can show a 200% increase. Thus triggering more investors after that, and on and on..

Too lazy for any To da moon pics this morning so I will just post this:

->  O

Someone must've forgot a decimal when buying.

Oops

Don't worry if you cannot understand this chart, those that do TA on a daily basis might be able to decipher it. Either way, it means something pretty big.

That part being the key here.

Price is down 5% from a few hours ago.  

 Is Bitcoin done?  

Perhaps you missed it going back and forth between $212 and $213 for a while...then up to $214, now back to $213?

Hold onto your hats gentlemen.

He doesn't admit to using inside information. He admits to using BitFinex where he has access to accounts and databases.

I would use my own exchange to trade if I owned one. I trust that exchange and believe in it.

Why is the price going up in reaction to good news?

Is the topsy turvy world being flipped right side up?

$2.3 million to $1,000 on Stamp.

That's the lowest I've seen since the price was over $750.

Something's happening.

Hey guys, with the site losing some posts I just checked and one of my posts on here was lost so I will repeat it now.


Bitcoin to da moon!!!  Woot!



(Actually I am not completely sure if I said "Woot" or "Woohoo", I submitted a support request to manually retrieve my post just to be sure)

Where is this from?

The only person who does something...is the person that does something.

Quoted.

Hammer ordered through purse.io

I think he is hoping that with enough yelling he can create some sort of buzz and somehow sue CoinBase for his bad investment then hopefully get a settlement.

Completely ignoring the whole "buy on rumor, sell on news" aspect of trading. It is usually the case to sell on the news because it is not as exciting as the rumors make it out to be (in this case, though CoinBase is licensed and regulated as the rumors presented, it is only regulated in 23 states).

Good luck with your gamble to bully Coinbase into settling with you to avoid bad press Bay. I hope your lawyers are typical lawyers that do not worry about the law getting in the way of a good steamrolling, and you better hope they don't take it to court. Or worse, counter sue and steamroll you in the battle of "which lawyer is better".

I can see Coinbase's rep on the stand:
"it says in this article 'Bitcoin prices spike after news of first regulated U.S. bitcoin exchange'."

"Are you a bitcoin exchange?"

Coinbase Rep: "yes"

"Do you follow any regulations?"

Coinbase Rep: "yes, as a US business we face many regulations"

"So...what the fuck does this BayArea guy think he is doing?"

Coinbase Rep: "I have no fucking clue, we are counter suing him for being a dumbass"

Judge: "Case dismissed, counter suit awarded in the amount of one billion dollars (to be paid in bitcoins...Bitcoin to da moon!)"

I think everyone is still wondering. What are we supposed to be pissed about?

It's actually pretty exciting, we have a bitcoin exchange in the US.

50 bitcoin of blockchain?

No reason to sell at that price since you risk not getting your money and by the time you get the money the price will have probably popped over $250 a few times.

We need a chart showing the price going up every time bitcointalk is offline.


Also, if you want to know how low the price will be in euros just ask me how much I have a buy in for and it will not go any lower than that.

I even tried to make my order look like all the rest to sort of "blend in":

0.63176306    190.25000

That sat there most of the day even when the USD price went down below the exchange rate for that price. It seems I can only sell my fiat when the price is crashing quickly. I could have started buying at 196 but I have a lot I need to buy and I would have been paying high prices to plow through all of those bids.

I will be telling my grandchildren how I had a buy for 50 bitcoins sitting at 193 euros that sat there for half a day with many times being the highest bid.

They'll say I could have bought a whole spaceship with all of that.

"the jury began deliberations on Wednesday"

They just started today and he was found guilty already? No lunch break?

My co-worker bought a box of these for her dad.

The next hour is critical

So...what do people think the price will do this weekend?



*innocent gaze*

So is it mainly bots trading on these exchanges?

I just bought a lot of bitcoins at just over 193.4 euro in 1.8 bitcoin increments.

I have been waiting for something under 194 and saw that pop up so I bought it.

Then a few seconds later another 1.8 popped up for close to the same price. So I bought it again. And it popped up about 6 more times and I snatched it up each time.

But the numbers were different each time.
1.79871374  193.31098
1.79279944  193.42050

etc...numbers like that

what's that all about? I'm glad someone did that, if I were to buy that many bitcoins at the current volume I would have driven the price up to 200 euro.

And the strange numbers?

A human would type 1.8 and 193.4 or whichever

We choose to go to the moon not because it is easy but because BITCOIN TO DA MOON!!!1!

That was early December when that happened.

They were hoping to have it back up in January but it looks like it will not return.

Even if Greece leaves the EU it won't be an immediate domino affect, it's not like other countries will see it the next day and decide to leave. They will have to go through their own government procedures and votes and all of that. The confidence in the Euro will take a hit though.

Well if Bernie Sanders says it's right then it must be. Where do I make the check out to?

I finally got my euro order through so now I can stop being such the bear I have been the past few weeks.

I already use cheapair.com for my flights paying with bitcoins but it sounds like this will allow for many other ways of paying and will give bonus miles for using bitcoins.

Assuming posting 7 days a week, every day of the year...19 posts per day.

And not a single one of them in any way useful to anyone.

trolltards gonna troll

well at least it acknowledges Bitcoin's relevance when you could hardly buy anything with Bitcoin

now that you can live on bitcoin it must be even more so

This is some seriously bullishness coming from a troll. Acknowledging Bitcoin usefulness.

He has come so far.

Since many of his posts were probably deleted for the page 10,000 deletes (maybe off on holidays?) he likely averages 20 posts per day, which is 10 war dollars per day.

Not a bad racket, it requires absolutely no mental ability whatsoever from the looks of it so hey...free money.

Hold on now, if you're from the future who's the president?

Bitcoins man...they keep getting cheaper and I keep getting richer.

The logic:

My bitcoins yesterday < my bitcoins today = richer

Even though I have 1000 PPC from years ago I keep meaning to get rid of them. I did not check them out enough before I bought them to see that there is no hard limit on the amount of coins.

Greece comes down to one thing.

In 2005 their debt/GDP ratio went over 100%, within 4 years their economy was in a freefall. By 2010 they got bailed out by the EU but the debt/GDP is still over 100%. Not much you can do until that is fixed (or they go bankrupt which is more likely).


Btw...the US debt/GDP ration went over 100% this year...

Well, they're in cold storage so it wouldn't be worth the effort to get them out, download the wallet, wait for it to load up and import, move to the exchange, etc...

If they're worth anything maybe I'll pull them out. I just wanted to own 1000 of a crypto currency since I wasn't able to do it with Bitcoin 

We need BitSquare

BitSquare

What ever happened to that ImNot...something or other. I forgot his name but he used to troll on here a while ago.

He was getting paid like 10 cents a post, did his employer fire him for not being a very convincing troll?

Isn't LGBTC that BitShares scam?

edit: Oh, I see...BitTrust not Shares. Good news then. Glad my bitcoin paycheck went through today.

Yet another liberal who is not able to imagine a future where a technology improves things. What a surprise.

A socialist professor? Wow...how rare  

Enjoy your microcosm. Try not to get burned too much by the exposure to the real world.

Your fellow "intellectuals" will welcome you home with open arms though if you run into any trouble.


If you really want to impress the echo chamber you should come out with a hard hitting article about how bad Bitcoin is. Make a big claim about the price dropping below $10 before some future date.

Then sit back and await the dinner parties and conference invites.

Shenanigans claim verified.

It did push Bitstamp up a few bucks.

You could follow the lead of many journalists who are just merely writing books about how Bitcoin will fail.

The key is to one-up the other socialists in demonstrating your loyalty to the party line. This gives you more credibility within the group and gives you the all mighty status which is the quest of all socialists.

It might be difficult to compete for such status, but with the free market of competition you should be able to come up with a new and more ingenious way of getting your message of Bitcoin hate to the most people so that you might gain that status income so you can be the most status wealthy person among your peers. Maybe take advantage of new technologies to give you a competitive edge against your status competitors.

Professor Bitcorn may have had a failed prediction but he gained much status among his fellow socialists. He was invited to many dinner parties and conferences because of it. But he had the advantage of first out of the gate status, that tends to help against the competition.

This would be useful. Though ANX already does this. Competition is always good though.

Modern scientists do not use raw data, they use editorialised data that supports their conclusion.

Just look at the global warming myth.

A midget gif is a valid response to a $10 jump.


It is a valid response to just about anything actually...

So the bear/bull fight comes down to whether we are hovering around the $220s or whether we are hovering around the $230s.

Quite the battle.

The pilot project will likely be built in the Bahamas with permission from the Bahamas government. At this phase we are looking at a hybrid seastead to be built on columns in shallow water which floating platforms and boats can attach to.

More of a marina as a launching point.

One of the partners is working with the Bahama government, introducing it as a research project.

A used cruiseliner was what Project Blueseed tried. They also tried to fund it via donations, we will be selling shares and be getting revenue from the marina businesses.

The main location we are looking at is Cay Sal Bank just south of the Keys, north of Cuba within Bahamas territory.



More than likely the restrictions will be the same as living in the Bahamas. Our initial step is creating a viable business and creating a launching platform for seasteads as opposed to actually being a seastead so it is not about politics during this phase.

There are no sand banks in international waters. The best I have found during my search has been a sea mount that is 100 meters deep.

I doubt we could get much investment capital for Sealand. People want something in a warm climate.

I sent a card to the CEO of my company thanking for all of his hard work which keeps me employed.

It's all about thanking the workers today.

Definitely, it takes a lot of work to keep track of the market and buy at the right time and risk to keep me employed.


And the American voter who votes for more taxes to give government more power so they can pay for the military which keeps me employed. Thanks for taxing the rich American voter!

This song sums up the 1st of May

https://www.youtube.com/watch?v=kCbD8nsxcd8&feature=youtu.be

We are still in the pre-announce stage but the design and location are taking shape.



We are shooting for a cost of around $5 million offering 50,000 shares of $100 each. The initial businesses on the platform will be part of the company and boat slips will be paid to the company with the profits going to the shareholders.

One of the partners is a developer who has done similar projects and is very active in the seasteading community. He has been working with the designer to come up with something within the goal.

We are not looking at US prices and labor costs. The initial floating platform costs were low but I am sure we will likely see many more costs when the Bahama government comes into the picture.

Start to worry when the socialists start to like Bitcoin.

I am just fine with reading HuffPo and Salon and seeing all of the liberals talking about staying away from Bitcoin.

The best path forward is if they are all stuck with their fiat. The best thing for the world is for them to all be in fiat.

Those that complain about the miners selling their bitcoins are the same ones that put their heads in the sand when it comes to the halving next year.

If all of the miners are selling all of their bitcoins right now and we are maintaining a stable price even with that happening...

what happens when that $800,000 per day being converted to fiat is cut down to $400,000?

I spend about half of my life on pro-socialist forums like hitlerpraise.com and stalinforums.com talking about how ridiculous they all are and that their ideal of everyone making the same pay for different levels of work will never succeed. I do it for the children.

This has been answered.  He gets status points which can be redeemed for dinner party and conference invites.

It is a very competitive world to get such valuable points.

It is up:
http://www.bitpools.com/forum

I have been focused on improving the startup capabilities so I have not done much on the forum side of things other than cleaning up a few bugs here and there.

Many would agree that Henry Ford was a fascist/socialist. He came up with a great idea, implemented brilliantly bringing the Model T which was ahead of its time. He also invented the production line which was also brilliant. I grew up admiring Henry Ford for those very things. Upon further research I found that his socialist/fascist tendencies tended to get in the way of being competitive moving forward. He just wanted to keep churning out Model Ts forever with the focus on making more, cheaper. He did not, however, focus on improving his design. Competitors caught up and surpassed his original vehicle and his son had to fight to push new model vehicles out to keep up. His father just focused on building larger factories and pushing out more Model Ts. Converting those large factories for military vehicles is probably what saved the company from bankruptcy.

As for Hitler, I will admit that I just threw him out because he was a member of the National Socialist party, not because I believe he was some huge bastion of socialism like Mussolini. But socialists (I will avoid saying communists because I know you prefer the term progressive or socialist these days) tend to blame the leaders who gain power in such regimes only to "not implement socialism right".
But, like I tell my conservative friends who complain about welfare programs, you gave them the power. Your system helped to grow the government to the point that they can do whatever they want. If a thief robs you and spends your money on drugs you shouldn't be upset that he spent the money on drugs and go on a tirade about how he should have used the money for food. He took your money.

Socialism takes power from the people. Those that believe in the ideal might think that the perfect system would then be to distribute that power equally among all of the people. But guess what? Too late. They took the power. They could give a rats ass about what system gave them that power or what they promised to do with it. It is now their power and they can do whatever they want with it because you were too stupid to protect that power. So socialism is the best breeding ground for people like Hitler, Stalin, Mao, Che, Mussolini, Bush, Obama, Clinton etc. They will take your power and do whatever they want with it.

I dumped all of my Roth IRAs years ago. The promise is that any earnings on the Roth will be tax free when you retire.

I do not see that being case in a few decades when I retire.

I doubt we will even have the same government in a few decades when I retire.

We heard the same stuff before the first halving. Miners would stop and the difficulty would be so difficult that it would never adjust, blocks would take years to complete.

It was all true. Bitcoin ended that day. The bears won.

Thanks for testing it out. I added delete and edit functionality.

I am willing to sell my bitcoins to anyone at $50 below the $1750/BTC value.

PM me for this exciting opportunity, first come first served, while supplies last.

There are some interesting tidbits in that article. One interesting part I noticed was this:

"But Casares noticed that every time he helped another one of his wealthy friends start buying Bitcoins, prices rose, suggesting to him that they were responsible for much of the increase. Over the course of March, the price of a single Bitcoin nearly tripled, to around $100"

All of the charts and trend analysis cannot predict some guy encouraging his wealthy friends to buy a lot of bitcoins. It also cannot account for someone who has a lot of bitcoins that needs to sell them all to pay for a house or yacht.
We seem to still be in the place where the price jumps by a lot all at once, which is likely these types of scenarios. But over time with more money on the exchanges hundreds of thousands of dollars will not be moving the price as much as it does right now.

This is why I burn CDs to move files from cold storage.

As nobody was forcing them one way or another, technically it was the free market.

Voluntary trade may be a foreign concept to most people of the world. But some people actually prefer it.

Rally time

Had a dream last night that the price was $252, I was sort of disappointed because I sold a few coins on bitquick and was ready to buy back in on another dip.

Price is up $1.


Da moon?

Report: off topic



Things are going to start happening now...

Hmm, I am a bit skeptical on the 21 Inc thing. That article just screamed of vaporware. A whole lot of ideas of what can be done with Bitcoin just like a bunch of people posting ideas on here.

Great ideas and all...but it sounds like marketing pitches to VCs that could easily just be cashed out and the company closed while the owners take the money and retire.


It would be like me going to a VC saying "Bitcoin can be used for voting, microtransactions, be your own bank, crowdfunding...now give me money and be part of this exciting company of the future! What have I done to make any of this happen? ... The blockchain!".

price up 25 cents today


Da moon!!!?!

You can milk a pig. Anything with nipples can be milked.

Or we could stay in a small range for the next year.

 

I just bought 2 pizzas tonight with bitcoins so...

rumors of Bitcoin's death are highly exageratted

I am selling pre-fork coins for the new fork for only 10 old bitcoins for each shiny new fork bitcoin.

I will even send you a new public AND private key for the new blockchain.

Limited quantity, while supplies last.

Then how would University professors get paid?

What's going on!""?!

I go to sleep and the price is $223 and wake up to $224!!??!!

I will never go to sleep again, this is so exciting!!!?!

"Consider the fact that consumers are always paid in U.S. dollars"
False
"retailers are not providing visible bitcoin price discounts in U.S. dollar terms"
False

I have it on good authority that someone's team is pushing the bitcoin price this week. Wink

It's what Overstock CEO did.

The next 24 hours are critical!

Chart Buddy is broke, someone kick it.

EUR/USD is $1.11

Yesterday it was $1.12

more interesting volatility?

lol

What kind of monkey is your mum looking to adopt?

People can theorize that ISIS is willing to use Bitcoins for all of their terrorism in middle of the desert where 1800s technology is about as good as it gets. But Greece...with their Internet and electricity...no way. Too advanced.

The 20mb block size thing is just about coming to a decision on a Bitcoin upgrade.

Bitcoin will still work the same whether there is an upgrade or not.

F#@k that little mouse 'cuz I'm an arbitrage.
https://www.youtube.com/watch?v=Bznxx12Ptl0

Greece capital controls will not affect Bitcoin. Greece leaving the eurozone will wreak havok on the markets and more likely send more people to Bitcoin.

Welcome to the price of 30 days ago.

Next stop:

6 months ago

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

This move is impressive. I don't see indicators that it will fall back down again.

I'm not a big fan of such a huge rally based on nothing.

While I believe the price should be closer to $400 I am skeptical of a 10+% rise out of nowhere.

If it is based on the Grexit thing (as Reuters claims) then that just leaves the price to go back down when they bail out Greece in the next week or so.

Regardless, I hope it stabilizes above $240 for a while putting a final nail in the bear market.

Or someone's bot broke.

LTC has usually followed the Bitcoin price.

During the jump to $1200/BTC it got up to around $40/LTC. Crashed in the same way.

I believe it is generally believed that if Bitcoin becomes a major currency, then Litecoin will be one as well. Just less so.

Dude had a dream to grow a pony tail and he just DID IT

If we can stay above $240 for a few weeks then we can officially put the bear market to rest and prepare for the long road upwards.

Both are rectangles.

Truth Committee...sounds so official.

What enforcement power do they have?

No need to sign your comment. Your name is shown on the left side there.

People who actually have bitcoins don't really care about the upgrade options. It is being over-hyped by people that don't hold bitcoins and the usual alt coin trolls.

We have seen many times in the past that the bitcoin code can be forked when necessary without any impact on 99.9% of bitcoin users.

McDonalds stock doesn't swing based on an upgrade in the spices used in the McRib.

As far as any thoughts of Greece abandoning the euro and adopting Bitcoin.

1. Greece will not default, they'll get bailed out. Any hyped news is just posturing by one side or the other for leverage.
2. Hardly anyone in Greece knows about Bitcoin. They are not a technologically advanced country where Bitcoin would be able to be of much use. Try telling the old Greek voter that they now have to use digital money backed by cryptography.

During Cyprus it was a perfect storm. The block reward had just halved, the US FinCen released their guidance on how the US was going to treat Bitcoin and a few rich people were starting to find out about it (Winklevoss twins, Andreeson, a few others). Cyprus helped to highlight Bitcoin's utility during that time.

Hardly anybody (see almost nobody) in Cyprus actually used Bitcoin at that point.

So it looks like we have a solid window between $240 and $250 for a while.

I would not be surprised by a dip later in the day when Greece is given more money to save them from default.
Or in a couple of days as they "iron out the details".

I wonder how many bots include amount of blockchain transactions into their trading formulas.

If it holds in the 240 range for another 2 weeks or so we can officially declare the bear market dead.

Dollar just gained in value. The EUR/BTC price did not budge.

Yes. Menu.

I tend to encourage those that come up with some excuse or another not to buy bitcoins to not buy bitcoins.

I can see Noah building the ark, initially planning to save his whole town. Then after enough of them made fun of him he's like...fuck it, I'm just putting animals and my family on this thing. Hope you can swim assholes.

Tuesday is the big day when they need to pay the big IMF payment. If they don't get bailed out they will likely not be able to pay it.

Having invested in gold for a while I found that any fast drops would also drop the price of gold in the short term. But over the long term they are opposites.

It was the same with Cyprus. The price jumped when Cyprus froze peoples' bank accounts but it was not people in Cyprus buying bitcoins (it was noted that there was little to no activity with Bitcoin in the country at the time) but it put a spotlight on the fact that a country could possibly freeze bank accounts and that with Bitcoin you can't do that. Greece collapsing just highlights the vulnerabilities of fiat currency which will certainly give Bitcoin a boost.

There could certainly be speculation that Greece would adopt Bitcoin which will push the price upwards but it is not a realistic expectation.

For the first time in a long time I am confident in a rise in the Bitcoin price. For past jumps to $300 I knew it was just manipulation and emotion.

Now the bottom has been solidly established and we are heading in the right direction just in time for a currency uncertainty which gives Bitcoin a prime reason for escalation.

It was around $240 before Greece basically walked out on negotiations.

I think people are just now wrapping their heads around what's going on.

In 2013 the media was just finding out about Bitcoin just as Cyprus happened. So the narrative in some of the news stories was...Cyprus is taking money from peoples' bank accounts. This could not happen with this new thing called Bitcoin.

At that point people thought that everyone would start rushing to Bitcoin to keep their money safe. Not as many did as expected. But it helped to get the word out about Bitcoin.

I am surprised that the Euro has only gone down by 1 cent over the weekend vs the dollar.

But if he wanted to leave the country and take his wealth he could.

Just curious, if I were to fly down to Greece in this environment to capitalize on the market would it be better to bring Euros down to buy bitcoins for cash or would it be better to sell bitcoins for euros?

I have big plans for that extra second.

bitfinex   1,806,866   a few seconds ago   0.255

^
|

When the economy is built on debt and false promises, a collapse is the best thing that can happen.

Now they can build based on reality. Hopefully with a sound currency.

Not holding my breath though.

The volatility in the alt coins is higher than BTC.

Bitcoin has matured enough that the swings are not that huge. When Bitcoin drops the alts drop a lot but nobody is on here showing the huge losses.

Interesting. I haven't logged into my account there for a while. Logged in and had quite a few coins there.

Was going to sell for a higher price and transfer to my other account but noticed I never set up a withdrawal for EUR.

With that wide of a spread I figure it's safer to take those coins off and put them in cold storage.

I can see some of it coming from Greece.

Coinbase has an exchange in Greece. People in Greece can only make SEPA transfers within Greece. So if you have a bunch of money in your bank that you can't get out...send it to Coinbase to buy bitcoins before the banks seize it.

The reason they are limiting withdrawals is because the European Central Bank stopped the flow of fiat to Greece. The banks have limited funds so they do not want a bank run to the point that they all go broke.

$266 was the high price during the first bubble of 2013. It was a psychological barrier going down because we had never fallen before a previous "bubble high". It might take some effort to push above it.

I think we're taking our first steps into the bull market. This is new territory for a lot of people and it has been such a long time since we have been here.

At least the bitcoin price is exciting again.

Even if Greece gets the bailout...they are just getting a loan so they can make a payment on their previous loan. And this new loan will come with more payments and interest, which will require another bailout in a year or so to pay their loan payment and on and on...

collapse now or collapse later, either one...Bitcoin can wait

I was getting so much work done during the bear market.

Merkel just announced that the terms for their bailout end at midnight.

So the vote is worthless at this point.

Greece owed the European Central Bank a few million euros last week. They defaulted on that payment. That's what the whole "extensions" were about last week. Since they did not make that payment the ECB cut off further funds which was the reason for the bank closures.

I am not sure of what the consequences of defaulting on the IMF would be, there have only been 3 other countries in history that have defaulted (Argentina, Jamaica and Equador).

They owe the ECB 3.5 billion euros in July.

One week holding well in the $230s, another week holding strong in the $240s...looks like this is the week of the $250s. Looks like a solid trend.

The pattern is the magic number $266.

We might be stuck here for a while if nothing pushes it up quickly.

The banks are kinda out of money...

They defaulted on their payments to the Eurpean Central Bank. Greek banks are essentially finished.

It will take a lot to push it out of the $266 range. Maybe Greece dropping the Euro will do it.

But then the next big stop will be $666. Breaking through that will be a challenge.

Over the course of about a month on the way down we stayed around that number for a few days at a time. We spent about 2 weeks bouncing around $666 in a bull run after dropping below $350. That pretty much stopped the run and it was down from there.

Ya, all of these banks acting like they have their own version of Bitcoin. Even though it's centralized and pre-mined.

In other words, they have come up with the idea of using a ledger for keeping track of their accounts. Genius!

First time we have been up on the 6 month chart in over a year.

So I figured I'd check on old Wall posts around June 11 before the price started moving up (around $230).

Most of the talk was about how boring the price was but this was interesting:
https://mobile.twitter.com/maxkeiser/status/608999235149692929

"I think I have convinced Russia that Bitcoin is equivalent to Gold and that CBR (Central Bank of Russia) should be loading up on BTC." -Max Keiser


Though I have no respect for the Keiser. I wonder if there is some truth to this.

The only reason Litecoin is rising so much quicker than Bitcoin is because it has such a smaller market cap. When the price dropped, it also fell a lot lower than Bitcoin. I bought a bunch of Litecoin back in 2013 for about $3 each when Bitcoin was around $100. It went up to $50 at Bitcoin's $1200 peak and just a few months ago at it's lowest it was under $2.

Litecoin is Bitcoin's volatile little brother.

There will be big money behind selling the fact that the economy is in the pooper in 2016 portraying Obama as the one at fault. Both sides will be pushing that storyline to get their guy in front. This is never good for the stock market. Look at what happened in 2008 running up to the elections.

Not saying it isn't true, but instead of selling people toothpaste and potato chips on TV they will be selling a bad economy.

I think LTC is just catching up. It dropped way too low during the bear market (back to 2012 prices).

LTC follows Bitcoin's price. They refer to it as Litecoin is the silver to Bitcoin's gold.

I bought a bunch of LTC and PPC back in 2013. Not enough to change my life but enough to check the price every once in a while. I don't really see them being used for much though.

Translation?

Bitcoin is 11.50?!?!?

"CL: Because Litecoin is an altcoin and a much smaller market cap, the Litecoin price is extremely volatile. So when the crypto currency market is crashing, it gets hit a lot harder than Bitcoin. And when it's going up, Litecoin does extremely well."

So buying or selling an alt coin is like buying or selling bitcoins on margin.

Bitcoin is actually fairly boring compared to LTC, PPC, NMC, Chinese stock exchange, NYSE...

Is Bitcoin now the non-volatile investment?

Woke up this morning and checked my phone and it showed 244. I was like...holy shit, that dude was right, what happened!?!

Then I looked up and saw the chart was for euros. Had me for a second.

The Litecoin market is not big enough to push Bitcoin up $15 by dropping Litecoin by $2.

I support whatever was said in this post that I did not have a chance to read yet.

Closest I came to that was buying a power cable for the computer that has all of my litecoin on it.

I'm fine with keeping the litecoins I bought back in 2013. I always wanted 1000 of a coin, I was able to do so with litecoin

I don't worry about spending bitcoins.

Would you have felt better if you had spent dollars on those items instead?

Those same dollars that could have been used to buy bitcoins before the price went up...

When I used to do loans I would refresh it on my own but that takes a lot of time and effort to keep up with it. Rolling it over does it for you so you don't miss out on the time it takes for you to get an e-mail and do it manually. I'm not sure which is better. Different for everyone.

rocket train moon and such!

Perhaps this chart can clear things up:

    /
__/

I wonder if someone set up a bot to buy more based on the amount of Bitcoin transactions on the network

It's interesting that Ron Paul's campaign pretty much turned me from politically active (even running for Congress) to leaving all of that behind and finding my way forward outside of all of that noise.

Though a lot of that may be thanks to Bitcoin as well.

I use more cash now that I've switched to bitcoin than I ever have.

The charts are pretty this morning.

lol...bag holder

I just sold.



.8 on localbitcoins  

And Deutsche Bank sent me my "we're cancelling your account because we can" notice.

Bitcoins + cash from localbitcoins = Bitcoin user not affected.

Still a bull market medium and long term. Staying above $240 takes us out of the bear market.

Agreement was made to open up talks again. Not for a bailout.

The mean is closer to $400.

At the least the Greek people need to look at alternative currencies. Let their government hold the bag.

Imagine you are moving from the US to Europe. Would you feel safe converting your entire savings to euros?

Converting to bitcoins is a similar move.

I think we jumped over $300 just because so many people wanted it.

We need to cross it with some more stability behind it like we are building now.

Holy $2 million wall on Bitstamp at $295.

Bearwhalebull is back!

Aaaannnnndddd it's gone.

As time goes on and people protect their keys better it is unlikely that the feds will have many more auctions.