so rally starts at saturdays now?   whats going on lol let me have some break will ya ..

oh and the wall observer split forum thing..    not liking it.. i want drama and fun to be all in the same place

Good luck to whomever just bought my coins and I hope you've bought your wall-climbing shoes: 16K+ $2 ahead.

It's been a great little run but we need to pause for breath (and new money).

The google thing isn't all that surprising. People saw the price drop and lost their excitement. It'll come back eventually and many will have missed the train.

Yeah so, guess I'm back in then. A mighty effort to take down that $150 wall.

PANIC BUYING

OK.. so how would this work regarding taxes...   I deposit BTC to my paypal account, and then turn around and buy something on the web denominated in $$ and pay with paypal...   did I just "sell" my BTC for $$ and incure a capital gains tax liability?  Or did I just buy something with BTC?  

Does this turn paypal into the ultimate exchange?

Sigg

Why the fuck would you short bitcoin. There's been tons of buying pressure and obvious selling pressure trying to contain it (ask walls, not actually people wanting to sell). There's been a zillion bullish indicators, if you're shorting bitcoin right now you're blind.

WTF? Huge lag at Gox?

You can point out whatever in this thread but nobody would read it as the thread is tooooooo fast.

I want additional buttons for users here like the ignore button. Market expert, Manipulator and Clueless idiot. These buttons and the resulting feedback could be hidden outside the speculation subforum.

What exactly has happened to make the fundamentals stronger? People don't care about DDos as much as they used to anymore, but even then the last time Mt got Ddos'ed for more than an hour the price shot down - and then quickly up.

Exchanges are really weak at this point. 4 of them have been shut in one week because banks closed their accounts. What happens if mt's account is closed? We go from 137 to 5.

Until we get a robust exchange which is likely within a few months, I think the price is hugely overvalued. It might in the very short term go up to 160 again, but the trendline is down for a bit because it is just too risky to invest at 140 and those that might buy would be very jumpy.

Moreover, the press attention reaches a saturation point. Most people have herd about bitcoins now. Most certainly everyone that works in finance has herd about them but even your mom and dad has herd about them with bitcoins having been mentioned in the news all over. Whoever has wanted to buy has done so or will finish doing so this month or next.

Institutional investors might think of getting on board, but stocks give good returns, are certain to be worth at least half their price and are safe for the investment manager to invest in. On the other hand, bitcoins is of the highest risk, the price has no stability so the investment would need to be actively managed which is quite expensive and the market is quite small for big money so it is even more difficult to buy the thing which is quite a big consideration considering how difficult it is to buy even for the avarage joe.

For these reasons, unless we get some big good news, the bear has killed the cat.

Is this only for 0.8.1 or does it take into account earlier versions too?

That total lack of action is killing me.

This game sucks. Why are you guys praising it so much?

-The PvP is a lie. You get a debuff called jail.

-You don't even get to choose the initial details of your character.

-The graphics suck for a lot of people. They need a third-party program just to make everything focus.

-You die ONCE, and they close your freaking account. What a jip!

-You think the class system is unbalanced? See how they handle race!

-You have to go through a tutorial for the first 18 levels, and your stats start to go down after level 30.

-And after level 18, there is a subscription price, and it REALLY steep!

I got more, but it's off-topic...

Also very interesting
http://paywithbits.com
http://techcrunch.com/2013/04/28/pay-with-bits-wants-to-be-the-square-for-bitcoin/

If the "kiddie porn" on the blockchain news is true expect a rally.... downwards.

Sources:

https://bitcointalk.org/index.php?topic=191039.0
http://globalguerrillas.typepad.com/globalguerrillas/2013/04/bitcoin-as-a-publishing-system-from-wikileaks-to-pedophile-links.html?utm_medium=referral&utm_source=t.co

What part of "Wall Observer" am I CONSTANTLY misunderstanding?

Also unbelievable how after all this time MtGox still can't handle a few trades without massive lag.

Making a long story short: we really need to work on BTC to improve it's infrastructure, it's real economy. There's still a long way to go before being ready for prime time.

Set your buys wisely and hope you catch the bottom before the next bull rush.

electricmucus is on my ignore list for long time now, I just enjoy more this forum since then ..

Forget the Chinese news, Bitcoin on btcchina.com is already cheaper than on mtgox again.

By the way: oanda.com, on of the biggest currency exchange rate sites shows the (a) Bitcoin rate now.

I'm a bull long term, but short term I expected this bubble to capitulate further down as per Slippery Slope. Anyhow, after the last sell off to $80 (I expected going down to at least $60ish), I'm starting to think that visiting again $80 or below is unlikely, which of course contraddicts the strategy I decided to follow after April, 10th. The fact is that it looks like all the sellers already made their big sell offs. I'm still not going all in, I still keep my bids all the way down, I still think that the $90 to $120 rally we had during the weekend was a joke... But somehow I'm starting to realize that bears are running low of ammo, I kinda feel it.

RIP Gox

Offtopic:
Guys, I`m trading < 400$

Trading fees:
gox 0.6%
bitstamp 0.5%
btc-e 0.2%

I'm choosing btc-e based on fee, Ignored withdrawal support for the moment, will transfer btc to an exchange with good withdrawal option when i want to withdraw.

Anything else you guys can share, being more experienced traders?

I bet that the +BTC1,5K at 109.99 will vanish as soon as bears start shooting.

If bears really want out, next REAL support is at $90.



Here the $90ish support:

Barring decisive good or bad news, my best guess is we slide sideways in the range for a while (maybe a week or two), since there seem to be hard caps both on the upside and the downside for the short term: below $100 = instant buy, above $130 or $150 = strong incentive to take some profits since people remember the pain of being burned by the bubble.

After that, start to move toward $200.

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


oh hay my quotation mark key is broke.

Next spike may be a long time coming.

due to low volume I hope you guys don't mind a crosspost from here: https://bitcointalk.org/index.php?topic=192719.msg2084624#msg2084624



to enter a bear market we need a lower low. Depending on timeframe there are 2 potential lows to break:

• the $80 low on 5/3 (red)
• the $50 low on 4/16 (yellow)

if we don't make a new low below $80, it's not a bear market but a correction (by investopedia definitions quoted further above). We could then enter a bull market or at least further consolodation pattern (green). Of course there's different options for "green", I just outlined roughly one of them. A break of the $170 top would clearly mean we're in a bull market again (both higher highs and higher lows would've been reached then)

I don't think we have to wait more than a month to see this resolved.

fyi, there's a short 2500btc+- sitting there to pop(buy order) .. probably when prices go to 120 ish..  let's find out

Hm? What is this?

Would you say gold is too expensive, middle class should buy silver instead because it's cheaper?

A bit (or mBTC) is still only 12 cents. Cheap enough for the middle class to buy?

Don't prodigies and athletes use the least amount of brain power? In fact high level operation has often been (curiously) linked to lower brain activity. Perhaps this has something to do with the subconscious. Anyways, I'm sticking to what I thought 10 or so days ago: downtrend.

Edit: that being said... I'm getting super impatient.

I'm willing to buy back in at a loss, even if it makes me bleed out, it's been far too long for the case to be otherwise, however, I'm still kind of thinking that BTC is overvalued at the moment. I'm leaving emotion out of this. It seems like bulls are always the same, and while I'm not a bear I just can' see sustainable growth right now.

Gox is slow and unavailable. Goxxing never stops..


Server error
The website encountered an error while retrieving https://mtgox.com/index.html. It may be down for maintenance or configured incorrectly.
Here are some suggestions:
Reload this webpage later.
HTTP Error 500 (Internal Server Error): An unexpected condition was encountered while the server was attempting to fulfill the request.

The last time we experienced some stability, the price was $13... we all know what happened after that...

MtGox appears to be down.

Again.

why do people use gox anyway?

  However in this instance I think we could see negative repercussions of the Dwolla/mtgox episode rumble on for some time yet.

Interesting weekend ahead with the ask\bid spread being so far apart...

Ah the delusions.    Much easier time dropping to 116 than there is of breaking through 120.  Or maybe....we're still in "rally warm-up".  LOL!

About.
Fucking.
Time.

Anyone having issues accessing Gox?
im getting:
The server at mtgox.com can't be found, because the DNS lookup failed

That said, on topic- The conference is probably going to stoke some enthusiasm, however I hope that we don't see any insane price explosion that then becomes unsustainable.

coinseeker is just another greedy socialist ... he probably wants to make money on bitcoin so he can escape taxes

No... 1447 BTC sold (to $127), then the 8k wall vanished.

So, anyone wants to guess where we'll stop?

Easy:

1) A whale wanted in with no slippage (huge bid wall)

2) Eventually another whale who wanted to take a large, no-slippage profit seized the opportunity

3) The market overreacted to the whale mating as expected (whales prefer to mate with no slippage)

Bitcoin does whatever the fuck it wants.

The last two 10% drops were not related to any news event.  ...also, there is no VC that is going to put significant amounts of cash into something that is so heavily influenced by illegal activity.  At the moment, the Bitcoin economy is still used 90% for Silk Road purchases.

The question is why the f--k would I want to internationally transfer my money to Japan, wait 4 days, pay transfer fees, buy one bitcoin and then buy a service I could pay for instantly with paypal? The only reason to go through hassle of getting bitcoin is using silkroad. Please tell me, why else would I want to use bitcoin to buy something over using credit card or paypal.

It is a serious question, I expect a thought out answer.

You read 100% correct. There is no Bitcoin economy. (except for silkroad of course) I hope you are not another of hippies preaching that.

The only reason why somebody would go and exchange fiat for bitcoin right now (not counting speculation, store of value) is to spend it on Silkroad. Nobody in right mind would go and exchange it to btc only to buy something they could have bought instantly with traditional methods. And the only thing that they can't, are silkroad goods. YES if you already have bitcoins then you might use them on other stuff, if you mine, you will use them. But this is minority of people. I'm talking about general public. I'm repeating myself but I enjoy seeing idealists try to desperately justify their opinion.

As I said, Bitpay figures are largely inflated by Avalon sales. Actual commerce figures from bitcoinstore, Reddit Gold and Humble Bundle show the harsh truth.

I would like to hear you undermine this claim of mine:

The only reason why somebody would go and exchange fiat for bitcoin right now (not counting speculation, store of value) is to spend it on Silkroad. Nobody in right mind would go and exchange it to btc only to buy something they could have bought instantly with traditional methods. And the only thing that they can't, are silkroad goods. YES if you already have bitcoins then you might use them on other stuff, if you mine, you will use them. But this is minority of people. I'm talking about general public.

My hand is known for drawing lines that matter in trading.

I'll have to bear with you, even if Ibought a little at $68ish to play lucifs game. He missed it in the past, but recently (2013) he have nailed it consistently, plus trading apart I find myself agreeing with him pretty much always when he comments about Bitcoin in general. He deserved it, but I think volume its been low and support weak, thus we are going to the $50s, sooner than in one  month.

I haven't seen that many bubbles but I don't recall ever seeing one where the bottom was immediately followed by a massive unstoppable bull run?

Am I crazy? Too cautious?

Vice names the source by the way.



I know where you're going. It's nothing more than a upcoming Bitcoin/M-PESA exchange and has yet to prove it's acceptance and adoption. After reading some posts from the guy who runs Kipochi, I'm a bit more positive though. Seems he has some contacts and he is going to run mobile phone support in Kenya and wants to expand to Tanzania and others next. But well, yeah.. let's see. The news is kinda overrated now, but has potential.

Edit:

This is the guy:

http://www.reddit.com/user/pelle

you know the sun is shining on a weekend when chartbuddy makes almost half the posts here.

enjoy while it lasts you guys out there, you'll be back in this dark hardcore channel quicker than you might like.

https://bitcoin.co.th/trading-suspended-due-to-bank-of-thailand-advisement/

Does this graph indicate that the last 48 hours was a mini-bubble? What do you guys think?

Nah.  Expecting Bitstamp to catch right up to Gox prior to 140.

Coinbase will help lift it right up

The mike from ebay guy is heavily involved in Paypal too, just Google his full name.

I still cannot believe they are seriously considering integrating BTC, that would be like AT&T selling phones with an open source version of Skype pre-installed  in order "to be ahead of the curve".

It just does not make sense for Paypal/Ebay. On the other hand a Paypal proprietary crypto would make much more sense.

Don't kid yourself. They just froze funds for Mailpile. They won't do anything until they have figured out how to corral Bitcoin into black-hole eBay branded wallets.

It's the only thing to figure out, otherwise integration is really easy. Basically, you won't be able to fund eBay brand Bitcoins unless you can prove their pedigree, and you won't be able to send them anywhere that has not been pre-approved.

I think it's fake, unfortunately.

This link shows the same page:

http://edccdn.com/bitcoin/

What a dick

It looked like the exact same order sizes and types of orders outbidding eachother in the same way both on the way up and on the way down. 4 orders about 1000K 950K 950K and 700K agressively outbidding eachother in .1ish increments. The bots are malfunctioning again, or maybe gox is testing midas in production?  The same thing happened on June 24. Some bots kept trading up and down between 100 and 110, producing about 100K volume with no effect on the price in the end.  This is just more proof that mtgox numbers are and always have been cooked up by bots and not actual demand for bitcoin. Its not millions of distinct coins that have been bought and are now held at a higher price basis -  its just the same coins switching hands over and over.

Well Bitcoin is moving away from being 90% speculation to what it is designed for. It should also help stabilizing the price.
If this is permanent or just a temporarily spike, time will tell. The price is only a time reference.

This one

ranked 35?   really?

you mean holding?!

Holy crap: http://stats.grok.se/zh/latest90/%E6%AF%94%E7%89%B9%E5%B8%81

Can someone post a screenshot? I'm on the phone.

Why is this happening now?

It took me 18 months ...

First time : great idea ! Will not work.
Second time : Bitcoin ? Yeah it kind of reminds me something...
Third time : OMFG why didn't I dig deeper the first time ? Hope it's not too late now ... (Answer : no it wasn't)

the bull is still very much alive. i think the rise might start accelerating now. ( as crazy as that sounds we will be going even more vertical  )

At least 300,000 btc transaction more since previous days:





The rally is now advancing painfully on low volumes since 2 days, coins are moving on blockchain, btc ammo incoming on exchange, red fireworks in the coming days..

Triangle break hasn't yet reached its target, no reversal yet. A few more hours until the bloodbath begins.

nice gfx, but impossible to read, its merely guesing which color belongs to which exchange

is bitstamp really like $30 lower than btc-e?   seems its been like this all night

Danger: Curving upward on the log chart. If we don't get a correction soon this could be the final blow-off to quadruple digits then crash.

Someone please STOP THIS THING

This hearing:

go to Store -> Add a Domain and then check out, Bitcoin is not there 

Is this how it happened last time or was it faster?

Is this a massive breakout trying to happen? Anyone?

A+ correction, would scoff again.

gox and china has nice triangle forming, well see soon enough, but i think this was an healthy correction and lows have been seen, time for new highs soon enough

QRK

 

I would love to be a pig who bought @2$ and was greedy enough not to sell @30$ 120$ and 266$

Errr... no choochoo. WHERE THE HELL IS MY WIRE

May I ask wtf happened all of a sudden ?! I was chillin' after work, playing with my kid all day and then - bam!
I'd like to know what exactly triggered this. Are the US buying in big, or is this driven from somewhere else ?

Well... guess what? I'm going to sleep.
You can CHOO CHOO ALL YOU WANT NOW!!!! YOU HEAR??? ALL YOU WANT!!

Maybe but what's more clear is major moves happen at the same time on both markets. It's been proved beyond any reasonable doubt that the exchange stabilisation fund manipulates the gold and silver markets so matching moves on the bitcoin markets strongly suggests the exchange stabilisation fund is manipulating them too.

As to the TA, imho bitcoin is too wild to to have patterns repeat themselves with any precision yet that's exactly what we're seeing, according to the April charts we should be entering a downtrend but that doesn't take into account the huge growth in bitcoin awareness. The market wants to go up because so many people are interested but the manipulators want the market to go down to match previous patterns, hence this fairly futile and blatent attempt to start a downtrend.

Lol, someone posted proudhon's joke, haha

Very Doge, many coins 

Guys I tried to warn you. Hope you listened.



.
.
.

Everyone who takes this stuff too seriously, please ignore me.

good stuff Andreas Antonopoulos, always has some good ideas.

Bitcoin > Goat Shit > Fiat  

Am I the only one here who thinks being gay is wrong, or aka not what god intended. I man common, god really created Man to bang another Man...

I'm starting to feel a little bullish, i think this downtrend is coming to an end. Sure we can go a little down again in a last leg attempt but i doubt we'll see $450 again.

The right time to sell was at the $1200-$800 range, now i think is time to buy. It's too risky for my taste going 50% - 100% fiat, so personally, i'm 80% BTC, 20% fiat.

I would love for another sharp drop so i can increase my BTC stash, same of all of you i think, but bid book on Gox is now at ATH, this is quite bullish for me:



Now i can see a 'P' formation on the daily charts:



For me, those two facts are signals that this downtrend is coming to an end, thoughts?  

India is a no go :

http://www.thehindu.com/business/Economy/rbi-warns-against-bitcoin-use-in-india/article5497653.ece

swing tard

Yeah, I'm a little confused by what Loaded is saying. The TA on the charts looks bullish, with a bullish pennant forming. It sounds like Loaded is saying the market is being manipulated upwards and so traders may want to hedge to the downside, which would go against his market buys. But really, I have no clue what he is saying.

I think the effect of the dump was dampen everyone's 'omg fortress to the moon' feelings.

Are you a vampire goat?

Lets revisit this once there is a 50k dump.

I doubt we're gonna see a 50k coin dump ever again.

I can't believe the lack of intelligence in this thread . . .

All this low bid depth and low volume is ridiculous.   Dollar volume is massively more important than BTC volume.   Same goes for bid depth.   It would be stupid to think that just because someone dumped 50k coins (worth maybe a bit more than $5M) earlier in the year, that it would happen again.   Anyone with that many coins has a vested interest in the health of bitcoin.   Someone would have to want to damage bitcoin, it just dos not make sense.   The same 50k coins would be worth massively more now, why would someone just dump them?  Bid sums are near or at ATHs.   This is not bearish.   As BTC gains value, volume will drop WAY off.   Compare dollar volume now to dollar volume in the July to October time frame, we have more dollar volume now.   This gives more of an idea of what a slowly increasing market looks like.   Healthy growth, not the stupid parabolic growth.   People scream about low volume, but we don't want the volume of November, it leads to a bubble!  

There does not need to be 10 times the dollar volume to support a price that is 10 times higher.    If BTC were $10k, expecting there to be tens of thousands in BTC volume every day would be ridiculous.   In fact, if there needed to be 10 times the volume to support 10 times the price, eventually we would have to be trading the entire amount of mined bitcoins every day.   If someone were to dump 50k BTC, that would be like someone dumping $38B worth of gold all at once, no market could absorb that without massive slippage.   While it is much easier to see 0.4% of bitcoins dumped all at once than gold, it still becomes less likely as bitcoin gains value.   It would make no sense to dump them all at once, on an exchange, unless for manipulation, and even then, the coins would have to be re bought for less if it was manipulation.   As bitcoin makes gains in usage, there will be less and less volume on the exchanges.   It is possible that eventually there would be almost no volume on the exchanges.   There is no trading when everyone agrees on the price, bitcoins are only bought or sold as they are actually needed.

Those being ridiculously bearish (there are a very few intelligent bear arguments) are just butthurt over the markets reaction over the last few weeks.   Many are only interested in making a quick fiat profit in the volatility that surrounds big drops, so they crave that.    They have no interest in the long term health of bitcoin.   The bears have stopped using their lines on charts to predict the doom of bitcoin because we have broken most of them.   Now the are crying about volume and bid depths.   Wake up people, compare the USD bid depths, and coins ask depths to the crash in the spring.   Compare news, and sentiment, and proliferation, and new projects.   There is not a lot of comparison.  

Make up your own minds, but be very skeptical of those trying to create fear.   Simple math goes a long way.   The lines many have drawn on charts failed to accurately predict recent prices.  They can't take into account the news, in either direction.   When people try to make it sound like they know what they are talking about, be very wary.  That goes for me to, don't take my word for anything, think about it.   If the things someone says begins to play at your emotions, there is a good chance you are being manipulated . . .


Sorry for the long post, but I got home late and spent a few minutes catching up on the thread, and got super frustrated.  I actually have some fiat sitting around because I believe there could still be a drop as the China issue is still not closed, and I am sure there will be a further attempt to cause panic selling if something goes bad there again.   You couldn't make me sell right now for anything though, not even into a "final capitulation".

I see the beautiful double bottom and "W" forming

you can't say that.. were building a large red candle.. I am not saying I believe it.. and impart.. usually avoid even selling to make a profit on peoples fear which I consider to be of ill intention.

i never heard of it either but wtv its another bitcoin market, bullish news, the bottom target just moved up.

It doesn't matter when they do it. Right now is when we have the knowledge that they will do it. Although there is some question about how much. It will definitely be 29,655BTC, but it could possibly be as much as 144,336BTC.

It's getting priced in right now.

I am amazed that we didn't set record lows while I slept.

I am also equally amazed that gox is stupid enough to not be the first person to put out the statement related to their own situation. I imagine they have their heads stuck in the sand.

Holy shit, guys!  I know a lot of you are hurting, and I'm sorry.  150+ of my bitcoins are going down with the gox ship, but I can't quite express just how excited I am for the future of bitcoin without MtGox.  It's finally happening.  Good riddance, and fuck you, Gox!

New update on www.mtgox.com:

billiyjoeallen, I wish your facts supported your bright rethoric.

http://www.usatoday.com/story/money/business/2013/06/08/countries-most-vacation-days/2400193/

It's incredible how far this "northern Europe workers" vs "lazy Mediterraneans" lie has gone.

Disclosure: I'm Spanish.

why are we moving down? i expect to hit $700+ this weekend

It's possible that they are getting so many deposits right now that they are falling behind.

So we've hit a bottom and now we are in a bull market again? $435 was the low that we will never see again?

I've been reading exactly this every other day for 3 months now.

Sorry for bothering but what's the solution they found? (somehow I managed to miss it) 

~26 hours ago when we first dipped down from 440 to 400 I was sleeping at the time (I'm in Europe), and I lost money by sleeping in BTC. Sold at 400 when I woke up and watched the fireworks. Last night I was up until 3am watching the price go down to 355, went to sleep for 4 hours in fiat, and woke up at 400.

What the fuck.

Am I just really unlucky or am I doing something wrong? Why do massive changes occur at roughly 3:00 am UTC? Am I missing something?

Fair enough, but having read the last 400 pages of this thread, it is still unclear to me what the long-term trend will be. So it is hard for me to decide whether to wait in BTC or in fiat. Besides, why should I miss out on riding these waves when everyone else here does it? (not arguing, just asking)

I was doing rather well until 30 hours ago.

Anyhow my brain is fried. I just bought BTC, so the way my luck is going, expect a massive downtrend until I'm back.

It is.

I still do not understand what that means, though.

as far as my sources teold me. Bitstamp is involved is some illegal activity, presumably  some paedophile groups use  bitstamp to exchange money. That is why bitstamp  is going to be closed for investigation etc  next week or so.

Look, btcwisdom has Bollinger bands now. How convenient.





Like I said a few days ago, I don't want to be a pessimist, but I prefer to wait til there's actually something noteworthy going on before I start cheering.

Not only didn't we break through a number of plausible (log) downwards trendlines that have been making the rounds for a while now, we're not even in the upper BB half. Go back to July 2013 to see what a decisive reversal looks like wrt BB.

If we manage to fight our way into the upper half of daily BB, and then break through the upper band, or alternatively (and more realistically) bounce off of it but at least find support at the BB mid line (SMA20, now at 460), I'm going to get cautiously bullish, but not earlier.


But I already know what the bulls will say... that's just a permabear talking, trying to spoil our fun

daily volume is still low ... we have to wait. looks more like some panic buys because there was no drop to the down side.

So you're in?

Bitstamp is trolling us.

So the moment we went over 600 something triggered a mass sell off in China. We instantly go back under 600 and someone puts up a wall to make sure stay there.
Always nice to know there is 1 person or 1 group of people who control the whole market and stop us from going up.

You'll be fine, hodlers

Prediction: W3C web payments group meeting in Santa Clara 27-31 October will take up integration of bitcoin payments into W3C global standards.

November is going to be a very good month for crypto.

I don't know what to believe any more...

How does one uses bitcoins - to pump bitcoins?

I agree not very good theory, do you have one?

Explain to me how Coinbase is profitable while it is now valued at 12% of the total market cap of BTC?

Without the underlying asset increasing dramatically in value, how do the NYSE investors see ROI?

Long story short, I'm a long time hodler. I don't look at the past to predict the financial potential of bitcoin. TA, graphs of previous convertion rates against US dollars or even statistics of current longs/shorts are sources i would use to predict the future. Yet, I'm following the story of GBTC with as big and wet eyes as you. Is Wall Street going for it? I think an upward movement in price of bitcoin is extremely relevant for adoption. It's exiting times!

Its doesnt mean a damn thing cos that bullrun to ~270$ (61.8% fib) has been expected for a while, btw log downtrend's ceiling is around 290$ now. Buy if you want, dude, but smart traders do know whats coming next, buying volume is too weak noway it will break 270$ so there will be a correction to low 250$ atleast then maybe some bull attempts if grexit happens after 5th july. You people forget about huge blocksize problem and a massive fight between core devs about block size which is a huge threat to the whole btc project and no large investor will come before that issue is being resolved.

I think this should count as bearish news:
http://www.coindesk.com/survey-consumers-bitcoin-inconvenient-checks/

OK finally...

Why did the market wait a whole week to dump 10K coins for 3 dollar discount?

 

Is this it? Or will we dump another 10k and get our $255 coin?

As I understand it the fork is a very slow process.

This fork only makes difference when majority (75%) miners have switched to the new fork. Actually, since everyone can see the progress in the blockchain, once it is close to 75%, most of miners and nodes will switch already. So in my opinion, there will be no noticeable fork happen at all.

The code fork is XT. The chain fork will look like just another random orphan. 5 blocks toppers.

There will only be a fork once 75% have moved to XT. Up to that point there is but one chain.  Once the fork occurs, there will be a very rapid migration of the remainder to the consensus chain. There will be no extended period of duplicate chains.

The main reason for a short life of two paralell coins, is that liquidity the the all importan statistics. Two coins almost exactly the same is totally unstable. It has to lean to one side or the other, then the one with smaller popularity will take the liquidity hit and land hard.

"As to what will happen if/ when there is a hardfork:

Currently MultiBit Classic and HD both will follow the chain with the most work done in it.
Thus in a hardfork all the existing MultiBit code will follow the 'winner'. This is how the normal one or two block forks (that occur reasonably frequently) get resolved so it should just be the same but on a larger scale.

Both MultiBit Classic and HD connects to Bitcoin Core and XT happily and they should work correctly with larger blocks. The bloom filtered blocks Core/ XT send back to MultiBit are the same - MultiBit is agnostic about connecting to Core or XT."

https://bitcointalk.org/index.php?topic=43616.msg12154185#msg12154185

So all over in about twenty minutes or so.

Not looking good I'm sad to say. After this giant crap the egoists, johnny-come-latelys and sociopaths have taken on bitcoin all we can really do is wait for them to officially rage-quit and flounce off in Hearn's taffeta flowing wake .... hunker down, settle in for the long game I guess.