reason 1: The price is 1000% higher than 3-4month ago

Sent money to the exchange today. Prices are bound to go up with at least 25% the next 2 days with my luck.

Sellers sold.

Uhh people selling?

 

Outwhat?

well a lot of people panic sell last week with that manipulation trick..  .. i was also a panic selller .. realy hard to not press buy..  but i'm weak  so i'll probably buy before 139 lol

1 small dump and it's pure panic...
Unbelievable...

Isn't this the place to use all of your verbal wit to talk the price up?

What does the comparatively low difference between MtGox and BTC-E tell us?
Also it has been a loooong time since bitcoin.de and btcchina.com are dealing higher than MtGox.

next week when the silicon valley hype money comes in

I tried to explain to you that after you have the Bitcoins in your possession (or any investment for that matter) the entry point has become irrelevant. If I have 100 BTC and I received them all as a gift from Satoshi it's the same as when I bought them all at $266. At that point in time you have 100 BTC and can decide to either keep them or sell them but the origin of the Bitcoins is irrelevant.

We wont really see the effects of the TV show in China for at least another few days and pushing well into the weeks and months. To dismiss it as over already, is pretty shortsighted.

For 1btc to be worth $300k, it would mean that bitcoins has a market cap of 330 trillion dollars. That is, 330 trillion dollars would need to be spent in buying bitcoins. That is not going to happen. Not this year, not this decade, probably not even this century unless we get an American Zimbabwe.

I suspect rpietila could be Mads Brügger.
"
Mads Brügger (1972) is a Danish journalist, TV-host, author and filmmaker. He has written several books, worked for magazines and newspapers, produced award winning radio programmes and hosted the critically acclaimed late night TV-programme The 11th hour as well as the daily news/debate programme Deadline. Furthermore, he has created satirical docu-series as Danes for Bush (2004) and the feature-length documentary, The Red Chapel (winner at Nordisk Panorama 2009 & Sundance 2010). Brügger is reknown for his distinctive methods of “performative journalism” as he infiltrates various milieus."



http://theambassador.dk/

an interview with Mark Karpeles a while back? Wasn't he sitting on a yoga ball?  

I'm still sitting on the money from selling at $98.99.  Hope I get a chance to get back in today

Shorting BTC is starting to be available on different platforms. When that spreads, we will see more downward pressure.

I am shorting it... and I know it will fall. Its just making all of you a fool

Who is the anonymous japanese? As this is a thread about MtGox, which is a Japanese company, maybe you refer to the owner? FYI: he is not anonymous and he is not japanese. He is French and his name is Mark Karpeles.

I am doing plus500 as well.

Shorting and waiting for it to get to 95

Nobody lends you nothing. They are CFD's (https://en.wikipedia.org/wiki/Contract_for_difference) - one of the many financial scams AKA derivatives that Bitcoin was meant to fight.

Has Gox limited or disabled the bots?  If so, it's a bad omen when that results in almost no volume... Another indication of how much control the bots really have.

Woohoo bots goin crazy again  

I wouldn't limit it to the USA.

This "Get-out-of-Gox" yankee-rally won't last long

rpetilia was arrested and is locked up in an insane asylum lol true story

who could have predicted that

I felt a bit sorry for him with the way things turned out for him.  He may be an oddball but nobody deserves to have 100,000BTC stolen, it's no wonder he cracked, that's about $12 million.  I'd flip out if I lost 100BTC.  That's assuming that it really was that much of course.  However, just when the Dwolla story broke someone dumped about 80,000BTC, I can't help wondering if that was his coins rather than the Dwolla story because they all got dropped in one go.  Apart from those coins that got suddenly dropped there was no crash, there just seemed to be a rush to buy the cheap coins, followed by a return to normal over the next few hours.  If it had been the Dwolla story I'd have expected the price to continue to fall for a bit longer than that.

Tin foil hat on standby

Someone really doesn't want this to go up do they?

That's a lot of BTC !

you, folks, ready for big dump? counting 3....2.....

I hear BTC being sold...

Will the current price hold without our good friend wallzila?

Because some sellers need to sell every week at whatever price..

As a "no-brainer", thats just what I did

$20 seems like a fair price to me. That's more than 30% up on January's price which is pretty good.

The market is only pushed down, since all the new asic miners and asic selling companies need to turn a serious amount of bitcoin into fiat in order to recoup part of their investment. Once they have recouped enough of their investment in fiat, the downward pressure will be relieved.

If there was not this strong resistence in the market keeping the value above 100 USD, then the value would have already been a lot lower.

I laugh at all the sheep who are actually basing their decisions on a Bitcoin 2011 price history comparison. I hope each and every one of them lose badly.

looks like ppl get out of gox....

USD out of their gox account.

because of recent news about problems with withdrawal of usd?
or what do you mean?

they will do sooner or later.

I'm the only one who keeps get disconnected from mtgox?

People have been asking me for well over 1 million worth of BTC over the last 2 weeks and that never happens. Some people are paying 10% over gox.

Many people have been asking for a lot of coin. Not all offered to pay over gox rate but one guy did at 3000 coins.

I did not ask why but there is demand otc.

Also not one person tried to sell to me.

syria is responsible for the current rally apparently

DDoS

Volume is awful low

Almost certainly BS.

We were sleeping, since it was night. Sunday night. What is wrong with you?

Just last week I was able to market sell BTC500 there with about 0.7% slippage (I mean sell with one click). I think it was a fair deal, since the intention for me was not to make petty money but to realign the portfolio for the purchasing of more silver. For a trade of this size, it worked very fine. The largest volume I have done there in one day was BTC1,800.

Gary move out, only 41k BTC left on mtgox. Buy your chep coins before the others.

what is Midas?

I had my doubts about btcchina with their trade volume and this only adds more

http://mm.btc123.com/btcchina.php , zoom to 100%

Do you see the amounts?  with a total of 4000 bitcoins for sale and bids for 10 000 (and this includes the ask and bids at 4x or 0.25 the value) , how can it even dream of a volume of 15k/day?

very easy i heard.

They have too much USD.

+1. We are currently exerting effort to crush the ATH (which, at that time was at $32 and now @266). It will still take at least several weeks. After that, there will be another spike.

Good that i bought back with loss after we broke 145. Now it seems that this rise has some power.

Weed ofc.

Gox is 4th on volume,

Seems about right.

It's unfortunate that new adopters typing "bitcoin exchange" into Google will still see Gox at the top of the search results.  That's exactly what I did back in April/May (although I was partly influenced in sending them my cash on the basis that they were the biggest guys around at the time and claiming to have had 80% of the market a few months earlier, a claim which they obviously can't now make).

n.b. I'm now on Bitstamp

It's a pity we can't warn new folk to avoid Mt.Gox.  How can they best be warned that they'll get their USD stuck there, so that "I can't get my money back" doesn't become a story which the mainstream media pick up on, thereby hurting Bitcoin's credibility in the eyes of the public/future investors?

Typical wannabe smart traders sold in February, held in March, bought in early April, held during May and June, even during July drop, and sold in September. Bought back in October, are now holding or perhaps already sold. Losing in every stage. No plan whatsoever.

If we take the population who had any bitcoins in the beginning of 2013, do you honestly think many of them have more bitcoins now? The oldtimers can remember what was their greatest number of bitcoins, and how many they have now. Not many can increase their stash, except by buying and refusing to sell. That way it is slow, but actually very easy

The drop in China will be spectacular when it comes. They're really betting against gravity.

Nobody knows what is going on. Bear trap? maybe.. Let's see if 600 ( and 500 on Stamp )holds, if it holds we'll see 1000 soon. I guess there will be a lot of money coming in next weeks after all this media attention.

It's really too bad for people who can't imagine how 2013 could possibly be like 2011 because they weren't here at the time.

Until China sells, takes profit and/or the regime says no more.  

nobody invests in the stock market.

That wall at stamp at $838 should remember what happened to the 3k $144 wall few months ago (it was there the whole night and price didn't even sliped for a bit).

A hard crash is coming in next few days. Better, get ready for it bulls.

Good thing about this is that now we can concentrate on promoting and earning BTC now. Trading becomes more and more difficult. First Mt. Gox and then BTCChina. What's the next?

market has been trading on this all day.
https://bitcointalk.org/index.php?topic=373667.0

Chinese new year is not on jan 1 right?

People who are obsessed with a particular porn actress or are into a niche still pay for it.

The trust system here is lulz.

give theymos 50 btc.

So the FBI will sell them to anyone who approaches them with an offer?  Nonsense.

Oh no!  People accepting Bitcoin as payment! What can we do??

http://www.businessinsider.com/report-ceo-of-major-bitcoin-exchange-arrested-2014-1 is the link I just found via Google..

SHREM, who personally bought drugs on Silk Road, was fully aware that Silk Road was a drug-trafficking website, and through his communications with FAIELLA, SHREM also knew that FAIELLA was operating a Bitcoin exchange service for Silk Road users. Nevertheless, SHREM knowingly facilitated FAIELLA’s business with the Company in order to maintain FAIELLA’s business as a lucrative source of Company revenue. SHREM knowingly allowed FAIELLA to use the Company’s services to buy Bitcoins for his Silk Road customers; personally processed FAIELLA’s orders; gave FAIELLA discounts on his high-volume transactions; failed to file a single suspicious activity report with the United States Treasury Department about FAIELLA’s illicit activity, as he was otherwise required to do in his role as the Company’s Compliance Officer; and deliberately helped FAIELLA circumvent the Company’s AML restrictions, even though it was SHREM’s job to enforce them and even though the Company had registered with the Treasury Department as a money services business.

Read more: http://www.businessinsider.com/report-ceo-of-major-bitcoin-exchange-arrested-2014-1#ixzz2rcMboH7L

Who knows, who cares. It's Gox :/

Just 50 BTC one time.

Bitcoin withdrawals stopped working.

It's actually not that difficult to see why.

Put yourself in the shoes of one of the poor sods who didn't heed the warnings (and warnings. and warnings. and warnings...) to get out of that shithole mtgox.

Until recently it was accepted that they have a fiat problem, ergo: a USD/BTC premium, in the range of 10 to 15%, because the goxtards felt holding btc is more secure.

Now it turns out gox is one step away from going belly up, as they have problems with the coin withdrawal as well...

What to do? Buy coins (that you can't withdraw), or sell coins (to get fiat you can't withdraw either).

The result is really pretty simple: panic.

And panic, in any market, leads to a crashing price of the asset, plain and simple.

it would be really really hard to believe gox has completely exhausted all their cold storage coins and USD.

i'm more scared of the possible 30-50K coins that are going to come flying out of gox if they fix their bug.

Wait are you asking 1 + 1 = 2 ?

really?

Should we start calling it Ft. Gox now that it is a fractional reserve bitcoin exchange that doesn't have enough funds to cover everyone?

Gox just continues to diverge from the other exchanges... ridiculous.

eah something fishy going on.

my biggest concern that i wish i paid more attention to my balance for, is that I dont know if when the second spam txid is broadcast - does it cause my wallet balance to read lower?

Ie: if I have 3BTC and I send 1BTC, and then a spam rebroadcast goes out saying the same 1BTC transaction but never confirms, will my bitcoin-Qt wallet show 2BTC in it or will the client misread this to think that there is only 1BTC left?

imagine if it were to basically abandon coins when it creates te change address - it could be rescanned but there could be serious losses to some people who dont notice

It seems like people are now able to withdraw BTC from both Bitstamp and Btc-e, multiple posters now confirming that they have done so.

Is this officially confirmed now?

Sure, price will jump on gox. But the main buyer left will be Billy cause he's been the main seller.
In this current price range, volume traded in this range is over 80,000 btc, while the accumulation of coins is spread over thousands of buyers.

who is willy?

The stupidity of the Gox traders is overwhelming. How these morons [...] The stupidity is off the charts.

Not.

It's not so funny. Withdrawals will work again soon enough. Making loads of money quickly doesn't happen when there's no risk involved.

Gox might go under 300 in a bit. Crazy.
I wonder how the lemmings on Stamp will react.

please show a link for this

thank you

sorry where does it say on that page that they have swithced to btc-e

plus500.co.uk is still quoting MtGox, but since they re-opended after their weekly downtime (sun 12-2pm) trading was only possible for a few minutes. Price is ticking, but trading disabled. Perhaps they are having discussions about a switch ... would be wise.
Stamp would be a much better choice than BTC-e ... but I guess they much be in favour of wild cards like that spike down to $102
Watch this space.
Certainly seems like the safest way to play the Gox price if you want to. No way I would wire money to Gox, but I would take Plus500 CP risk for a short term punt ...


Oh yeh, cows in the UK definitely go mooooo ... except the mad ones, which go like this http://www.youtube.com/watch?v=0gi5IEjeH6E

MTGOX = Lehman Brothers 2.0

The update will come in the evening Japan-time. No reason to give the update early when you can postpone it until the last possible moment, right?

Are their any confirmations GOX will add LTC soon?

Even they can purchase cheap bitcoin on Mt.Gox, how can they withdraw them?

140 

wtf?

wtf? And pay 2% fees? *shakes head*
I bought the goxBTC with real BTC in the first place...

LOL  Nice one.
I bought the goxBTC for 45% realBTC 
Then traded it up to 4* my original BTC.
Then go back down to 2* my original BTC during the rally :-/

By the way, if you find it hard to believe that a man in the situation of Dorian Nakamoto could invent bitcoin and not cash out a single coin: check Grigori Perelman, who settled the Poincaré Conjecture and then turned down the Fields Medal and a 1,000,000 US$ prize:

https://en.wikipedia.org/wiki/Grigori_Perelman
http://brettforrest.com/articles/shattered-genius/

I assume his mother is living with him. It would've been pretty awkward to have squirted out six kids if she'd been sharing the bed.

Whoa 8 blocks in 25 minutes.

Maybe they are from wall street?
I wondered cause they operate since march and have a daily Dollar-volume of 4k. No word about them on bitcointalk and reddit, so they need to have some other fiat-sources (supposed they don't fake volume). This sharp rise and the operating outside this community can be a sign they have a direct link to big money

I found that there is an exchange (VirWox) where one can trade BTC and other cryptocoins for Second Life's currency, the Linden dollar (L$, SLL).
https://www.virwox.com/

It seems that one can buy SLLs with cash at VirWox, to use in the game, but not sell them for cash.

What is the legal status of Linden dollars in the US?  It seems that they are not considered a currency. Are they considered valuable property?

Everyone panic.

http://www.cryptocoinsnews.com/2014/03/27/pboc-orders-all-chinese-banks-third-party-payment-processors-shut-accounts-15-chinese-bitcoin-exchanges-april-15th/

China Central Bank just ordered ALL banks and third party processors to close any account connected to an bitcoin exchange.

This is it.

Ah ok.

Why do you guys call it "China FUD". It is a FACT that PBOC issued advisories in December

Why are people dumping again? Really, why?

Has anyones Bitstamp wire been credited yet? Noramlly in by now 

Ooh, some new FUD at last. Bitstamp hit by localised apocalypse, withdrawals and deposits only possible through God.

If I see it your way, it means that the Chinese have a BTC/LTC-way to escape capital controls until April 15th.

Also 50000 CNY is almost 6 grand in € which is not much to some of us western middle class spoiled people but it is a lot to small Chinese worker class that is desperate for investing into stores of value that are not debased/stolen by their own government.

So if BTC-E provides them with a way to withdraw CNH, and if they can convert CNH to CNY easily, they could put some of their savings into crypto.

Can any Chinese citizen here please confirm that this is the case?

Thanks for the correction!

Chinese citizens can convert and remit freely up to USD $50,000 equivalent per year. Conversions exceeding the USD$50,000 quota is still possible, but the citizen cannot complete it at a bank counter freely; he or she must apply to the local State Administration of Foreign Exchange for written approval.  Chinese banks will not let the extra conversion go without seeing SAFE’s approval letter.

Yeah I guess exchanges are still following Huobi like a zombie. As long as China is still leading I am bearish because China is doomed to fail and what happens then?

I think that deletions should be banned...

It go to zero.

Hazek has addressed Bitstamps vunerability in the Bistamp thread.

In summary he says that the reason they come up as vunerable is most likely due to their anti DDoS provider as they have patched their back end. Logins as well as withdraws disabled until they confirm.

I'm happy we went this low though because obviously the bears filled up with cheap coins completely

That's why I am buying and telling others to buy.

Bitcoin has a long and glorious history that its price has had nothing to do with long-term expected value. My estimate of scenario-probability-weighted discounted 2020 value of 1 bitcoin is about $500,000 and the fact that the majority of players in the market think differently, is my advantage.

i am waiting for 550$, because fonzie said that if btc will get to 550 ever again he would quit this forum

It is NOT going to last forever, is it?  And isn't the pattern running out of steam (which is motor running on FUD)

have you tried to sell just 0,01 BTC instead of all ?

It this the Final China Going Out Of Bitcoin Business Sale!

Spread between exchanges is creeping up again.

Yeah, so now we get the interaction of 3 factors.

First factor - non-chinese traders using Houbi for the zero-fee trading. These traders will stay assuming Houbi stays open. If liquidity gets too low, they will probably move to another exchange.

Second factor - Chinese that want to keep their bitcoin. These will buy to transfer off exchange. Most of these probably have already bought, or will try to buy real low.

Third factor - Chinese that want to withdraw and exit the game before deadline. These will cause price to continue to drop until May 10th.

So, if you want to be a fool and believe, like Chessnut does, that these factors can only mean the price goes higher, buy now!

But, if you a rational human being, you'll realize that this is bearish news. 2100 will be retested and probably destroyed.

The market in China is still in denial.

This is interesting. The buyers have stopped buying during what is normally the busiest trading time of the day in China.

Is it a Chinese holiday? Because, if not, this is some crazy low volume right now.

+1. I think we most likely get some bad news from China. I didn't follow the events too closely yesterday, but it seemed to me that the Chinese exchanges were still able to lead the rest of us. But at this point really good news could also spark a rally. If we go past $460 it might be the last chance to get sub $500 coins for a while. But I don't feel it is very likely.

somebody removed 800 from the sell side at 528 and market sold it.

Please explain.

Bullish?  

everyone watching BTC movement, and waiting for 1k target again.

Some people are worried about China, but China has led a long time during this past winter. Sure it will probably end in disaster, but it can last a while, and a higher price at China will make it more difficult for Bitstamp et al. to decline.

I do wish I knew why people still have funds there and why their behaviour has recently changed.

Is there any option for Euro traders who don't want to exposed to dollars besides Kraken? Kraken has such low volume... I want to buy 5000 euro in bitcoin but I also want to move in and out of positions easily without the huge slippage that Kraken has when you're trading "big" amounts. If I used Bitstamp I would be able to do this... But I don't like being exposed to the dollar/euro risk.

What kind of bank account is that?
I am pretty sure in my country, France, there is no such thing.

plus500.com short LTC ..I am

Which timeframe does plus500 allow on cryptocurrencies now?

Once the whale loses his bottle expect a free fall ..unless u want to try bitfinex

Warning : there price movements are very suspect compared to the real market ...i.e they would have price bounces upto 1.85+ on a totally flat market of 1.72

Not as if they would ever manipulate a market to take pplz shorts out or anything like that ... lolz

Well, I'm long from $638 and added a bit of margin long at $645... so I'm certainly hoping you are right. I've been expecting a breakout back to the $680 zone for a couple days now.

Don't jinx it!

If you never experienced capitulation before, this was it.

Interesting.

I'm the opposite, ten to one bitcoin to fiat.

One man's risk is another's safe haven I suppose.

diamonds guns bonds and exxon stock ...

After doing some research I found something that suggests the Greeks don't do exit polls so we will have to wait until tonight before we get an indication of who has won. Everything I read says the vote is too close to call. Has anyone found anything that gives us a hint of how the vote might go?

Wow... 275.

Where is the Litecoin buy? 

Usually litecoin outperforms bitcoin.

... is due to MMM, and how much is 'natural' buying pressure. Then again, even if MMM is a relevant factor in the current trend, sufficiently strong buying pressure is sufficiently strong buying pressure, no matter how dumb the reason. And for now, that volume looks rather sexy, one must admit.

as always stamp is king. if stamp doesnt want to move all others have to wait/retrace.

here i like that:
must suck to sit on a short and not being able to get out over the weekend

not sure what you mean with how "the limit works"
when futures trading opens there will be i think gap up, instant gap up
so if shorters had close limit on 10500 and gap up instantly put price to 11000, they will close with 11000 and not with 10500...at least i think so