I remember you falling into a similar situation when we crossed $15 I believe?  Did you ever buy back?

Don't you mean short increases in volume during funding changes?

They have mtgox.jp that is currently redirecting to mtgox.com.

It would probably be a good idea to stop stop depending on these stupid USA-regulated top level domains that can be seized by the USA at any moment and instead use local country TLDs.

Seconded.

Most of us here, I think, are bullish in the long term. But... the bubble is over? I don't know about that. Long term charts are scary as hell looking for someone holding 100% BTC. There is plenty of room to fall and nowhere near the hype that took us to 266. Until we are comfortably in 170+ territory, I am not confident that this is over.

Or maybe they just have a sense of reality.
I bought before the hype. It has to drop A LOT before i start losing money. I just have enough common sense to realize another drop below 100 *might* be very bad. I'm pretty sure many people will agree with me.

Well, Satoshi's holdings are public (blockchain anybody?) and not a single coin belonging to him has ever moved.

Newbie trader here. Would like some trading tips. I see consolidation is happening right around $105.00-$106.00 area for the past few hours. Usually does this mean it will break out upward after or will it drop? Thanks in advance.

So? If I have many thousands of dollars worth of buying to do, why take such a small exchange?
Not only the slippage would kill you, but so would their 3% fee.

Hold. And/or just buy what you need, when you need it.

Well actually Dutch government wants some coins too.
official statement from minister of finance (Dijsselbloem)
source: http://www.nu.nl/internet/3495285/inkomsten-in-bitcoins-worden-belast.html
He happens to be head of EU finance at the moment as well.
also Canadian government wants coin.

^ Gox just put a full page ad in the g8 summit.

If they were "fucked" I doubt they'd spend the cash to do that. Unless you think something very significant changed in the past week.

I thought the whole idea of Libertarianism was less taxation (and hence government). Aren't they the opposite of socialists, closer idealogically to Republicans than Democrats in the American political scale?

Yes the Libertarian ideal is a lie. That's the joke. Libertarians are Republicans in disguise.

Indeed.

The non-aggression principle... what a joke.

I prefer to live my life as I see fit, by pillaging and raping on the go!

 

i got a few of these


a got some 10 billion, 50 billion... the whole set ( even the 1$ notes )

it will be on display at the bitcoin embassy

Nothing is happening again. COME ON!! Pick a direction, market! We've been waiting for like 4 days!

I meant the rise from $10-$20 and beyond. Powder keg is primed.

This is insane... broke 80, 85, AND 90 in one day?

Something isnt right here.

Not sure I agree with that as a necessary precursor to the success of bitcoin, but assuming that it is for the moment, how and why does speculation accomplish that?

I think you have some excellent points, but it is important to note that we are not just putting 'different people' in charge, we are changing the framework by which money creation and financial transactions occur.  I believe changing a framework cān have profound consequences.

By the way, theoretically, I would say that human nature does evolve, just very very very slowly, and only after certain "evolutionary incentives" change.

Unfortunately, the state of global economics has become quite a bit more complex than it was in the time of Cantillon/Smith... Despite what you might read on Zerohedge.

Hope all you newbie doomsayers got back in!    If not, well welcome to bitcoin and thanks for your coins.  Trading here requires a steady hand; its not for the faint of heart.  You can choose low volatility and inflation (USD), or high volatility and deflation (BTC)  

In 2011, we rallied off 5.74 to over 12 in a massive bull trap before we descended to 2. So why not.

That doesn't work. When clicking on 'show new replies to your post' you can not unwatch threads that you never 'watched' but just replied.

It also annoys me to continue to see certain threads in there that I am not interested anymore to see. And whenever someone replies to that thread it shows in top of list again :/

Same on my account, wtf is going on?

I surely don't know what's the %, but I surely know there are a lot of newcomers spending all their fiat savings (tens of k's of $) in miners because they think they will break even in one month and then they will have a x10 ROI in the first year... Loan or no loan I don't know, but you can be sure they are throwing at this more money they can afford to lose because they think this is a "no brainer" and they do not want to "miss the train".

I know for sure because I've been meeting/discussing with a lot of guys like that since March, both in cyber and meatspace.

There will be a lot of pain for miners very soon, you will see.

Why do you keep saying XBT when almost everyone uses BTC?

Yeah, honestly, I think it's pretty clear which one is used the most,

big guy reloading for massive drop thats what i think

I know that feeling. I have a good 15% of my assets in BTC and I want more and more but...

I'll just leave this here:

This IS interesting...

But you must realize that this has very little to do with Bitcoin per se, and everything to do with human nature. We aren't especially good at handling cognitive dissonance and are highly influenced by group-think behavior.

Hah, the current NY environment is so poisonous to businesses that they'd throw their grandmother under the removal truck to get people to stay. Desperation.

Chartbuddy should make some animated gifs.

If they - against all odds - announce tapering, we might see a drop in bitcoin (and all other real assets)

Forgive me as this is going to be a bit vague, and I'm fairly new - but trying to understand the divergence between Bitstamp and MtGox it occurred to me that maybe the "history" of the market movers on each Exchange is different and that may explain the gap.  

Specifically - I seem to remember comments a few months ago about a big lump of coins that ended up in Gox at a particular price (can't remember if it was $130 or $180) because of some event - and they were sitting on the ask side waiting for the market to recover as we dropped to $60 ish in July. i can't remember the event, but it was a shit load of coins.

Is it possible that if you're a really major player - and you understand how to move the market but arrived in a losing position for some reason - that you sell out at a loss - wait - and then play back in, in a structured way, to boost the price back to a level where you can make profit (even if you can't get it out of the Exchange)?  It doesn't matter if you can't take it out as long as you can sell at your entry point, because selling will crash the price which would enable you to buy back in, and then exit Gox to exchanges that are more functional?

<a few moments later>  So what I'm saying is players on Gox are trying to reach a price - whereas traders on Bitstamp are trying to find it?

...and are trying to reach a price, it's probably worth trying to work out what that price is.

Not sure exactly where it goes, but interest rates will rise as fiat becomes more valuable (at least in perception or expectation). It would be interesting to see wether bitcoin would be affected, but I seem to remember bitcoin took a hit together with gold/silver last time Ben hinted at the possibility of tapering. I don't think they have the balls to do anything more, though.

new prediction:

tomorrow we learn fed maintains or ups QE: btc to $180 by friday

, asshole

Now is the time to go all in!

Just a question, is this supposed to be a thread about Gox tracking?  Please come back to the thread topic...

It can't even compete with NASDAQ on downtime. 3h15min against nasdaqs 3h.

....funds that are nevertheless credited on our Gox balances.

Full disclosure: I'm a couple three pages behind, thus perhaps the answers lie within.

Jokes aside, the true believers now are a different flock than they were 2 years ago...

http://bitcoincharts.com/charts/bitstampUSD#rg180zig2-hourztgSzm1g10zm2g25zxzi1gAccDistzv

The accumulators have moved to a different ship.

the demand is at least the same and probably growing, Volume is more and more spread out across exchanges and there is a lot more economic activity

same demand, less and less selling at X price, price goes up!  

what about the actual volume of BTC being traded?

I kinda feel like this is a key moment in the market.  We might break and retest the lows, or just blast higher.

so who thinks we are heading for a correction or another bear trap now?

... They are agents in the market and rather than complain about them it would be more productive to understand their influence by the evidence. So far I do not see a lot of that happening.

So what you are saying is there is a chance that with enough circle jerkin' we could propel bitcoin over $1000 by friday?

I read ya  

I am beginning to think that Bitcoin is a project by U.S. intelligence agencies to cognitively infiltrate Austrian economic enthusiasts by way of educating them about how things got to be the way they are.

Infiltrate, as in Cass Sunstien.

The Austrians are slowly learning.

Well, for one, that quantitative metrics matter. It is not sufficient to make a projection to extremes based on the limited understanding of a theory. This is important for understanding little things like when you can apply linear relationships and when you have to apply exponential relationships... Little things like that.

For another. Market systems are more complex than you might expect if the only model you have for them is a cartoon. It is insufficient to simply dismiss things you don't agree with as 'externalities'. One thing we have learned very well about risk management is that externalities and complexities matter.

This is what I am talking about. Austrians tend to wax poetic about economic generalizations. But the actual devil is in the details. And we are witnessing just how those details emerge throughout the fledgling Bitcoin ecosystem.

Are you referring to some specific events? Can you elaborate?

If only.

Sonmi-451... That's how counterintelligence works.

I also happen to think that Bitcoin was introduced to provide that education to CB's et al. Just as the Snowden revelaitons are being used to bludgeon the world into better IT security, where the NSA would actually have an edge. It is much more efficient than the political process.

For one thing, it's teaching righties about the efficacy of syndicalist systems.

Think about it this way... In the 1990's Alan Greenspan spoke of the inevitability of an algorithmic monetary system. If you know that something like that is going to happen wouldn't you want to be on the cutting edge of it rather than chasing it? How do you set up a laboratory to see how something like that would actually work in the real world, and get official approvals for it?

If you know of the inevitability of a Wikileaks, why not just set up your own? etc.

It's all war games.

For your illegal drug operation apparently.

What bugs me is the fact that I'll have to get a passport or provincial age-of-majority card (at the age of 65) just to get back what is mine. This is almost as ridiculous as being IDed at the Skydome to buy a beer when I was 60 years old. At that time I simply went to a different kiosk. This requires a lot more fuss and expense.

I've made some good calls too. Why nobody suck my cock?

If drugs didn't ruin lives and create murder, crime and rape I would say you're right. But drugs does all that so yea, drugs are bad mmmkay.

Ok so whats the plan? Do we all panic, and in what direction? plz advise

Never going to happen. Don't want to cause any confusion between me and Jaroslaw.

Midas - Everything he touched would turn to gold

Midas (Gox edition) - Everything he touched would turn to shit.gold

http://www.youtube.com/watch?v=I5aU79h7NKo

 

Feather coin is the future of crypto-currency, come take your place in your community!

http://feathercoin.com/

 

just send a few of BTC (only what you can afford to lose...)https://btc-e.com/ and trade it 5k FTC!

should i buy some alts? 

A news item get blown out of proportion?! On THIS forum of all places?! I never thought I'd live to see the day...

Did anyone see a new post by Chodpaba? It would be nice to see his evaluation of the market,
but he didn't seem to have posted (in the Speculation section) for a while.

i have to admit i'm buying FTC REALLY slowly cuz ya bitcoin is crazy bullish, is it going to 1000 

+1, 'bitcoins are too valuable to spend' is bullshit.  If they are too valuable to spend, it means the current price is too low, thus market forces would drive it up and fix that problem.

Don't worry. There is a market with trades every minute. It means anybody can buy, anybody can sell whenever they want.

How long were we above 200 last time?

weird. can you give me an example?

What definition are you using for "closed"?

I may put an alcoholic beverage on standby.

surely there are examples of other days of the week as well? 

Bit of a Dilemma.  Obviously I'm a pretty shit trader - but checking my trading sheet, if I had simply bought BTC at the time I moved money into Stamp since May - I would have bought at 101 - 120 and 125 and right now I would have nearly double the coins that I do having traded for 5 months!  5 months of stress just to break even So having just gone back in at $190 - what to do?

I predict we'll be over 1800 soon! (pages on this thread)

I think this google trend as well as my recent poll here show that we are inbreading. Bitcoiners buying bitcoin.

I was telling someone to buy btc just a few days ago when it was 150. She was interested and asked me to talk to her about it again later. Now suddenly btc is 210. I don't know what to tell you  . "It's gone up 50% in 2 weeks but. I think it is still a good buy"? I don't know if this is a safe entry point anymore and I don't want you hating me if we dip to 160.

I hope you guys slept well yesterday cause today you won't.

No, we go up for about 2 - 3 more days IMO. Well, it depends on volume, if it's really high we can
peak and crash tomorrow, if it's low we can slowly climb for a week, and then crash.

This is going vertical, time to sell...

So price has to go up because of that?? Why would you play like that with money??

it's gonna crash , it's another bubble

its a good thing, i think...

someone bought it from me @ 214 Canadian

Danger zone is starting at 250 IMO, but yeah between 250-300

I remember when we had something similar to this and held between $9 to $13 for a few weeks after the run up from $4 to $6.

However once it starting moving from $13 it was constant and upward past the previous all time high of $31

Guys, this crash is all my fault.

I bought 0.1 BTC at the peak yesterday. Of course this would happen

A few months later...

Members: 0
Price: $0

That led me here: https://blockchain.info/address/1FfmbHfnpaZjKFvyi1okTjJJusN455paPH?offset=400&filter=0

What wallet is this

big

...
I don't even understand Bitcoin. I only trade it.

Chill out, grandpa 

http://www.forbes.com/sites/andygreenberg/2013/10/25/fbi-says-its-seized-20-million-in-bitcoins-from-ross-ulbricht-alleged-owner-of-silk-road/

FBI's wallet grows....

Figure Schumer will say something soon, imo.  Plus they probably are not done, and nothing official till prelim hearing.

And why in blocks of 324 BTC, seems to be a completely arbitrary number?

No. Please not yet. Wait a few more days.

If the BTC ATM coming soon to Toronto were there now, I'd be there feeding in $100 bills as we speak, instead of waiting for some silly cheque to clear and then waiting for a deposit to one of my Virtex accounts to go through.

Actually I'd probably be standing in line behind hundreds of other Bitcoiners.

Really? You think when (if) BTC gets to 4 figures that people are going to be excited to buy them? You think your grandma will want to invest in BTC if a bitcoin costs $1500? You think people will pyschologically want to buy a bitcoin when its priced higher than an .oz of GOLD?

Why on earth do you think large growing companies SPLIT their stocks? Is this is not obvious to you?

People are not sophisticated. Thats why everything always forever is on sale! Oh, look this t-shirt was $69, but today only it's $19. That is the world we live in.

BTC will become psychologically too expensive one day. And mBTC will HAVE to be the denomination of the exchanges. And what I am referring to is the psychological barrier for BTC becoming an "Asset class investment."

Checks out, he is Canadian!

they are known for being polite

Seems we've found a "day trader" who thinks he's so smart and is dumping "at the top".

Prepare for some light turbulence and then a boom when he immediately regrets his decision and buys back.

Quoting for historical purposes. The end of the Gox era. Respect. And good call on the name change.

I doubt the 'criminals' you say will actually move fiat, so FinCEN is irrelevant..

If it inflates more than 350, that's no bubble. That's a miracle. Actually if it stays above 300 is a miracle.

best yet

So this is what you do when your bitstamp transfer goes through?

Someone should respond to horny Betty:
http://www.reddit.com/r/BitcoinBeginners/comments/1pw9ow/glad_to_see_im_not_the_only_noob_on_the_block_haha/

She's new to Bitcoin...

This is also my problem 

Anyone still holding after buying at the top of the April high must be ecstatic 

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

Bubble 3: $120 to $1,680 (14x)

I'm back in, which probably means that all hell will break loose. The market seems to do the opposite of what I expect from it lately.

Is hashrate going down or am I reading leaves here?

Good, the quicker we get rid off this vessens asshole the better.

But it gained you your own theme song. That's got to be worth something.

I was kidding, it was a nod to proudhon.

I'm of the opinion that next bear market will be the most devastating and the longest one so far (worse than 2011) because everyone is caught up in the belief that if only they hold long enough, they cannot possibly lose out on BTC, no matter their entry price. Every dip is a buying opportunity etc.

Furthermore, the current bubble developed very quickly after only 7 months between former alltime high. So, it's a bubble on top of a bubble in the same year.

We can talk about that once we actually top out. So far, we haven't even doubled from the 266 high.

I'm now officially a bear, good luck

I expect around 5 bubbles until btc becomes mature.

So far i've counted only 2 guys.......

This isnt one of them.... lol for the next bubble we will need to go alot higher. Such as $1000 psychological barrier.

Europe wakes up over the next couple of hours. Wonder what the reaction will be?

Woke up at exactly the right time to buy in some more.
I'm sure we hit the bottom and will only go up from now.

You will need a working phone number. Other than this, no verification process.

Also keep in mind that it might be complicated to get (fiat) money out from there.

"Might be complicated" is an understatement. Chinese citizens are limited to 50k CNY remitted per year. Considering you're probably not a Chinese citizen, you're going to have difficulties.

Zoom out. That chicken has been climbing a mountain for 3 years.

LOL, it is different this time. It will crash harder and faster than ever before.

It's beautiful.  I'd love to see that, but the last 12 months of data instead.  Can you do that?

At the moment it feels kinda bad, waiting for cheaper prices (post crash) to buy some coins.

I'm a little afraid the price will go straight to $x,000 and never come back, with me never having bought any Bitcoins.

Agreed! Today got me feeling like I wanted out!

I can't take it anymore. The price is just too tempting. I'm selling all my coin as fast as I can. I may hate myself later but I feel like I have to do it.

lol I'm not trading back in, I'm moving the funds to real estate.

A few people have said that one reason why there might be such a rush to buy in China is the struggle to get money out of the country and to get USD. So the BTC is being used (in these cases) as a middle-man trading currency.

So I'm wondering which exchange would be the best place to sell to USD and transfer back out to a china friendly bank account ?

Ironically for everyone in the states I'm actually wondering if Hong Kong based gox is the place.
Maybe bit stamp though ?

Or would they not need to sell through an exchange ?

Can someone explain why it still takes days if not weeks to get money into exchanges to purchase BTC? Infrastructure? What a load of shit.

Just been watching fiatleaks money flow - showing no bitcoins into CNY - but lots into USD...

Just wondering are the Chinese somehow buying in USD and selling in CNY?

http://fiatleak.com/

Is it just no data?  Anyone tell me what's up - maybe take a look?

EDIT: I mean CNY into BTC - late evening here!

So, how'd the hearing go?

the essence of the question was "give me concrete examples of what we have to do to make sure that things as the Silk Road won't happen". There's no need to crap your pants on that, as the fincen lady said paper cash is a much greater tool for fraud/crime etc., just follow the same rules and move on.

This

i'm buying and selling my ass like a mofo

I am helping to stabilize bitcoin

so full of joy!

I get paid by the free market for doing a good job   

fyi, i only accept BTC 

this is more of a slide line, i don't do it often.

I'm making a cup of green tea.

Anyone trading should do the same. There's some psychoactive stuff in green tea leaves that tends to calm you down, make you more composed and rational. I've found it very useful for technical trading.

I remember reading that anthropologists suspect that it's the psychoactive qualities of green tea that led to the development of the Japanese tea ceremony and Zen Buddhism.

But I digress...

No it is not.

Leave your emotions behind. This bounce back up is no more meaningful than the drop to $600 was.

Most likely we will correct back toward $650 before we hit $700. If that doesn't happen I will be pleasantly surprised. 

wait what their are more hearing coming?

A bull is a person who does not hold fiat.

A bear is a person who holds at least some fiat and wants to return to BTC.

As you can see, I am now a bear. But almost everybody else are bulls. What this means is that you do not have the means to influence price to the upside. Only we do. But we are very few. Also the newbies do. But will they really buy in this kind of situation?

So you're all out at a $15 $9-$40 price?

He is shorting at BtcChina. So only way how to get money out is buy back bitcoins. (usually with a loss) :-)

epic bull trap ongoing.

Yea, here I have been buying bitcoins since 2011 thinking it would be the future of money and then this guy appears out of no where and totally blows my mind and makes me realize that it's all over, it will die if it can't facilitate 7 billion people in the next months. Man, how things can change.

Bitcoin was never going to be a universal, flattened currency. Never—ever. That is not it's niche in a monetary ecosystem. Bitcoin is a risk distributor, just one part of an emerging monetary ecosystem.

Don't think that you are the only one with such a small portfolio! Big profits can still be made with what you have, it's all about timing and it's never too late!

You might have been a big player before, but now you're just a small fish. Second Market alone has bought tens of thousands of coins, big players are entering the game and they will run all over you. Just hold!!

yeah so I bought at 819 and now this happens.... oh well printed out in paper wallet not going to touch until it doubles or triples!

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


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

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

Cause people who use BTC-E are bad at life.  "I'm gonna hold me durpocoin! Someday it'll be worth 1000x more than bitcoin!"

I love that: "science" "deniers" - that's two appeals to authority in a single term. The climate change crowd is the most environmentally destructive out there. To care about carbon emissions over things that actually matter, like pollution, is anti-environmental alarmism. It's just an excuse for a global tax. I'm glad that whole charade is winding down, after changing its marketing from "global warming" to "climate change" after the earth refused to warm as commanded. It was one of the lamest spectacles I've seen.

I have done this so many times it is getting tiring:

OIL
Global proven reserves:
1980: 683.4bn barrels
2013: 1'668.9bn barrels
Growth: 144 %

Global consumption:
1980: 61.4m barrels per day
2013: 89.8m barrels per day
Growth: 46.3 %

source:
http://www.bp.com/content/dam/bp/excel/Statistical-Review/statistical_review_of_world_energy_2013_workbook.xlsx

Conclusion: Oil supply is growing faster than consumption

Wha??

Error: div by zero

you know, I think this 800ish area (and this being bitcoin, by "ish" I mean 700-900) is starting to look, dare I say, "mature"

if I was new money flowing in tomorrow, after transfers on last weeks exposure, I might look at this chart and say "yep, don' wanna miss this train"

just sayin'

you

Definitely losing 75% of your capital by trading an asset that went from $13 to $900 in less than one year sounds fishy. You really need to be a special kind of retard to do that.

And if he'd stop he would still only give his sister half. Piece of scum.

Maybe his sister is a future use of that assassination website?

PS: Luckily he admitted to the verbal agreement in a Reddit post. Should be admissible in court I'd think.

I really don't get the guys who pile their sell orders on $900. If you think it won't break ATH, just spread your asks below $900. If you think it will break ATH, just pull the ask and let the price slide upwards.

Really, placing an ask on ATH is something I will never understand, but people does that a lot. Never understood the logic in it unless its pure manipulation (inducing the market to think that the resistance on ATH is too high so the price can just go down).

A Fox on the runway i filmed
https://www.youtube.com/watch?v=qUFiiBeorbU

In all seriousness, does it really make sense to bring a bunch of firearms to a party with a bunch of alcohol and people who definitely don't like each other? If there's going to be professional security I'm not seeing the point.

Ok whale-Santa, I've decided what I want for Christmas, but it'll have to be an early Christmas present. I want us to breach $1 per mBTC in the next 2-3 hours. Thank you, and merry Christmas! 

And what is BTCCHina's business model? How do they generate revenue?

This thread was weird but , ....common!

An 80 BTC or so ask seems to keep popping up just below 1000 on bitstamp. It gets bought up, a minute later there's another. Stealth wall?

Huh?

true. My girlfriend was suggesting that there needs to be a special dating service for the btc forum addicts. I hoped that wasn't a threat!

There's almost no money on Virtex. last = US$910 or so. ground to a standstill. Its taking so long to get money in that sells are overwhelming available $.

you have no idea where i have been!

at one point i flat out screamed  " BIIIIIIIITTTTTTCCCCCCCCCOOOOOOOOOINNNNNNNN " in public , as the cops were arresting me.

I ended up in the crazy house bin alongside replica, no joke

So now I have to quit the bitcoins, and keep stress levels low... so ya i wont be posting much of anything anymore.

good luck all, never let this bubble pop, never!  

 

Adrian-x  get to work!  yesterday you said tomorrow.... Virtex is still flat lining

Yep, crashed right back up to 1230+  LOL

2000$ in 2 weeks tops.

Of course, that's why I said I would never act on such info from some nobody who was told by nobody who was told by nobody.

But this time it looks there is a chance it was a genuine info.

If that is true, it shows that there IS indeed a limit to stupidity and that can be found on Wall Street. Shorting bitcoin.  LOL

Strange, isn't it? Why would people be happy when their wealth is growing, you would never thought they would be.

Is he for real?  Dude is practically jizzing his pants   .

I looked at each fund, all of them seem to be losing value. Any fund that you recommend?

Well about 12 hours ago the Chinese govt made some sort of proclamation that spooked the market (I can't remember what it was) and then BTChina announced it was introducing fees with immediate effect.  And of course Loaded was telling everyone over the w/e he was going to be moving the market.

Well I just consulted my trading team and asked them if I should by more bitcoins or wait for a lower price? They have analyzed the information available and said "Buy more bitcoins daddy". When all else fails you listen to the 5 and two year olds. They know what's up!

Would this work:

  * Buy BTC with USD outside China
  * Sell the BTC in China for RMB
  * Use the RMB to buy goods or stock in Chinese market
  * Sell goods/stock outside China for USD

or the other way around.   Not for amateurs, of course.

This would equalize prices but according to some "exchange rate" that is not the official one, due to extra costs.

Which is what we see, right? They track each other but not at the official exchange rate.

Has your account been frozen?
I've been trying to change my phone number and they have gone all silent on me...coins stuck on there...getting a bit fidgety.

Crikey...that doesn't sound too good.
So, any reason from your end that may have happened?
I'm getting worried that the next time I log in I'm going to get a 404 and this lot will have disappeared with a stack of coins.

Best of luck.
I just emailed them again but they seem to have me on 'ignore' now.
Gutted.

its the top most poeple buy at the top

Seriously, what kind of money could be made in Bitcoin in 2-3 days only. Is there anything remotely similar to this?

Happy New Year from down under...

Without intending to, I ended up acting as a bit of a Bitcoin advocate tonight while out with friends at a New Years Eve party. I tried to enlighten them (inadvertently came up with a different analogy each time) as to what Bitcoin really was, but in the end the main 'argument' they had against it was "If I can't touch it, it's not real - I don't trust the internet with it". Which is ironic since that is basically what they're doing with their bank accounts.

One guy was a Financial Advisor (capital 'F', capital 'A' - his distinction, not mine) who said he was happy to "argue against Bitcoin all night". I (successfully, I think) countered every roadblock he threw up about Bitcoin and ended up betting him that one Bitcoin would be worth more than $50,000USD in 3 years (perhaps a little bullish, although can you blame me?)*. I confess, I may have been a little inebriated by this point, but I am getting a little fed up with the ramblings of people who have not taken a few minutes out of their day to research what Bitcoin actually is (i.e. a protocol as well as a currency), but instead act as if they're experts who foresee the demise of this 'imaginary money'.

Does anyone else get a little fed up with this sort of attitude?

(Apologies if this post does not belong in this thread... It's just that this is the main thread I read (every morning without fail, I trawl through the 8 or so pages that have been posted overnight... > 8 pages = something big has happened, < 8 pages = price has remained stagnant.) Although, it seems 'stagnant' in Bitcoin vernacular is akin to 'short-term' or 'temporary' in normal trading terms.)

*Bought at $1060 and have been 'hodling' ever since.
 

I think now is still the time to sell since Chinese exchanges begin to close. They will announce the closure at least one week earlier if they really care about their users.

The big dip is coming.

Speaking of bad news. Does anyone know the best way to get the fastest news that could relate to btc price? Seems like i am always late to the party.

I've tried many times and even ended up in the ER on one occasion. Several coins that symbolized fiat currency were removed from my rectum. I embarrassingly explained that I had attempted to create bitcoins through intestinal alchemy.

If your Bitcoins drop too much in value, you will have no purchasing power left to even buy bitcrack. If you can no longer get high on bitcrack, inevitably you will be forced to sell. Think about it.

Thus, as an emergency measure, I recommend selling your Bitcoins off for the "To The Moon" game on Humble Bundle.

That is not bullish. Overstock has nothing to do with bitcoin.
They simply use bitpay and accept fiat  

Bitpay sells the coins asap -ŧ Selling pressure

216 coins crashed the market? Are you sure?

Do you see how we all just spinned a major retailer accepting Bitcoin as negative news? This is the raw power of human emotion. Reality does not matter.

Make believe is everything.

It's all fun and games until fake Monsanto comes in and drives you out of business.

yes i think you are completely right. But i would not underestimate the power of speculation.  

I just tried to use overstock in the UK and bitcoin was not available.

And nobody cares, cause China is about to almost completely ban bitcoin, which will crash price to 300-400

PS: How can I help to create some global financial problems?  

looks like huobi is first to break out of the channel to the upside.

Nah, just a wobble on the way down.  Sources have confirmed this.  充分證實和真實

Perhaps someone will be interested in this comparison between the prices of MtGOX, Bitstamp, and BTC-China:



I should have used Huobi instead of BTC-China, since the latter appears to be nearly dead now.   However the website where I got the data (http://bitcoincharts.com/charts/) does not work with Huobi.  Is there an alternative source?

I think many may be very badly prepared for a long-term bear market because it seems rather unlikely at this stage. The only reason I can think of for this to happen over the next couple of years would be a catastrophic technical event rendering the security of the protocol unreliable. China ban, bubble-theorists, etc... none of that has the power to cause a long-term bear market considering where Bitcoin is now.

What else do you think might cause such a change in market sentiment at this stage?

What is the argument or evidence for this?

Being able to predict the future, based on the past, is only going to last so long, until one day it doesn't.

It would make it fail. Bitcoin can only work if it is stablilised.

That's the point I'm trying to make. Overstock.com policy is 30 days. If BTC price goes down in 30 days, there are going to be people who will refund and rebuy. Will that be fraud or policy?

I don't understand this mentality. A jump to any sort of high level of price is going to take days and weeks and months. Why not ride it up when it's going up and down when it's going down? There's always time to jump back in.

If you don't have the time or desire to pay close attention to the markets, then buy and hodl can be a decent strategy. I don't know, it just makes me nervous going to sleep with a trade open.

But do you think your problem was selling in the first place or that you misjudged the market and should have bought back in sooner? You would have had some great opportunities to buy back in after that rise and crash.

There are some pretty awesome benefits of trading vs hodling though. Like for instance in that bloody day after the BTC-China news, I increased my account 60%. Hodlers did not. I'm all for hodling in a raging bull market  

I always know the best time to buy...a day after it happens.

double bull trap included in this pic
 

This "capitulation" has got absolutely no conviction. And as the days countdown to 31 January and nothing happens, people wanting to buy in but waiting for the China crash are going to start getting twitchy!  

edit: talking about satoshi nakamoto!

Fast and easy. Get your money in hours not months.

Pretty quiet out there.  Bulls and bears waiting for the other to move so as to catch opponents off balance.  Mexican standoff=merchants win=Bitcoin win!

How many times does the graph have to be wrong before people stop posting it? I've been seeing it since 2011.

So everything on the planet, during the entire history of mankind, has been adopted according to that graph. Wow. A fucking genius made that graph!

Oh... so it's useless, like trying to measure love.

All I gotta say is where are all the bear *ucktards that were on this thread yesterday? How's that crash treating you? Lol. Hope you were at least able to skim a little off the $80 drop before it recovered.

Lol

Ha, the Goat house is getting full. My second son was born yesterday about this time. Both baby and Mother are happy and healthy.  

its easy to think that anyone that heard about bitcoin in 2012 bought 10K worth of bitcoin minimum

but it was a different time back then, bitcoin was really sketchy, no one wanted to risk more then they could afford to lose

and unfortunately i could not afford to lose very much at all

the week i heard about bitcoin was the same week i bought my house.

worst investment ever!   

the hearing made me feel like the US was going for a minimalist approach to regulation, the chairman seemed very pro bitcoin.... I don't think they are going to regulate the shit out of it. they keep saying that they want to have enough regulation to feel comfortable and at the same time not stifle bitcoin's potential. If i was a conspiracy theorist i'd say bitcoin is the new illuminati money, and government agents are in on it. but i'm not going to go there.

"We're always going to choose to squelch money launderers...even if it prevents 1,000 flowers from blooming"

+999  hit this hard people.  Never ever let anyone put virtual currency and crypto currency in the same class.  If they try to call it virtual currency, make them beg for mercy.  Sneer and cajole and ridicule.  One thing they cannot survive is mockery, because it subverts the illusion of competence and legitimacy.  Virtual currency is play money.  Cryptographic currency is backed by logic itself, more secure than any army.

no...

like i said i could not afford to lose very much at all.

and i sodl alot in the 20's .....

anyone log into virtex today??

i log in i see the picture and i'm like  

you dont see it?

go to "actions"

NSFW -> https://www.cavirtex.com/media/merch-button.png

hmmm nvm my browser sees to be confused...

Look at this... lol

http://www.ibtimes.co.uk/chinese-new-year-bitcoin-ban-end-days-or-empty-threat-1434495

It would be epic if Proudhun gets quoted on CNBC.  

Wait, I've just had a great idea for a new alt-coin.

VOS?

well it should be ~800 given 1USD = 0.90CAD

That's the luxury of buying in at $10. But I think it's more likely to do this:

That is a major component.  In and of itself, it would not make collapse inevitable, but it forms the foundation upon which collapse is built.
The system was designed to rent-seek in the margin, draining the energy made available by economic growth, on an exponential growth model.
The system can no longer work as designed, because the exponential growth assumption has reached end-of-life.  The energy available is declining.
It could in hypothetical principle be adapted, modified, to conform to the new material conditions; however, other factors make that impossible,
in particular the fragility of low-diversity tightly coupled systems:

It is useful to characterize ecological systems by their path through a three-dimensional phase-space, the axes of which are energy requirements, interconnectedness, and diversity.   Ecological systems, incorporating predator-prey dynamics, are attracted to a lemniscate path through this phase space.  When energy requirements approach the limits of available energy, interconnectedness is high, and diversity is low, the system is reaching a catastrophic portion of the trajectory, and a very rapid motion to a loosely-coupled, low-energy, high-diversity region ensues.  

The predators are about to become carrion, upon which a new diversity will feed.

srsly tho, some people bought coins for 100 fucking bux on btc-e. wow. that is 6x ur money in a day.

WTF btc-e droped too 100!

this is wild

any update from gox yet?

how much volume HK got?

it was probably a trader that stayed up all night to read the gox update, when it finally came in, he thought this is it the protocol is broken, and sold in a panic thinking the price would not bounce back because "this is the end of bitcoin"

and yes traders should have low ball orders for panic sells like this

probably wouldn't do much for the price, but it will mean cashing in on retarted panic sells

If you look at the comments he says that Bitcoin mining will use more electricity than the whole of Germany in a few years  

lol
thats 23% lower than stamps.

market is now saying there's a 23% chance gox will never send out another bitcoin.

Adam can you kill your clone?  I know imitation is flattery but we have enough fonzies around here already.  Actually while you're at it, could you kill him too?

We build momentum slowly until a critical mass is reached and we go parabolic or some other calamity shifts the direction temporarily down again. The point is no ponzi scheme could have survived the shit we just lived through. Bitcoin is the real deal.

as the poll indicates, clearly poeple have very little confidence they will resume withdrawals as promised.

are poeple trading gox on superior information or emotion... that is the question.

Maybe MK will move MtGox to Canada so he'll have another excuse to not sending the BTCs

In any event, this ignores the bigger logical leap I'm not following: how did MTGox end up insolvent? They certainly appear profitable. Is the theory that they were totally wiped out by tx mutability?

it happens, just mining luck

Yup.

I'd have called it Voss-daq.

 Worst-case is someone trying to destroy btc because its a threat to  Status Quo, but would think the aristocrats need to make more boatloads of money in btc before doing that.  I'm probably just crazy.

Here's an interesting nugget from /r/bitcoinmarkets



I was just looking at the one week charts and noticed we've hit 6 consecutive weeks in the red, this hasn't happened since 2011 when it dropped from $30 to $1.

If Gox keeps its bullshit up we could hit a record 7 red weeks which would be the first time in Bitcoins history! WOOO

Bitcoin is backed by maths and its functionality.

Indeed, lot of stuff happened in few hours. Resignation from Bitcoin FOundation, tweets deleted, something's going on.

Ok, I really don't understand this market. It doesn't drop when Mt.Gox hits fucking $91 and now when MK resigns (something that everybody wanted) from the foundation, the price ..... tanks.

Now, THAT would be typical bitcoin-drama.

Bitcoin is different from protocols because it does have a very specific unit price.
Imagine if e-mail would have been created in a way that later adopters have to fill the pockets of early adopters, so they can also send an e-mail. People wouldn't accept this and would create an alternative where everyone has a fair chance with using this protocol.
So, in my idea, bitcoin is not neutral enough to be called an protocol. Gaming suits better to it, especially with the amount of gambling that's happening at the markets.

Trading disabled on gox?

https://bitcointalk.org/index.php?topic=85687.msg1556461#msg1556461

"image breaking $30 on Gox"
WRONG Smiley

Come on you bears, I want to buy cheap on Tuesday  Grin

I kind of like the new logo. Anyone of you guys going to be trading on Gox?

Can you believe that Matt the Shorter came out his $626 short at $556.

I feared yet another nonsensical Bitcoin suckers rally and have been practising setting targets of 'not being too greedy', and since my target of 10% was reached and well breached.....

......I have missed out on more than doubling my already very lucrative profit.

Is that blue thing above the name a stylized price chart?

I want to check myself but im afraid clicking / going to such a site,

Who has a confirmation of this?

this is what was behind the censored parts apparently

http://cl.ly/image/2L043C464030

Is that for real?

this is the best show on the internet

hands down

GOXXXXXXXXXXXXXXXED!

... you idiots fall for this crap every time guys. Stay away from the exchanges, they are the old new.

Latest tweet from TwoBitItidiot... "Thanks, man. I never mince words, I think this is disastrous from a reg standpoint. The hammer will now come down hard."

The conspiracy theorist in me can't help but to think the bitcoin foundation was compliant in all this and intentionally deceived the community.  They have been very pro regulation for a long time, and what better way to ensure the US comes down hard with regulation than making a grand show of what can happen without it.

It's genius I tell you!

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!

in coming weeks?

He be dead in the coming weeks. Imagine how many people he fucked. And I bet, some of them are people you really do not want to mess with.

I've got a feeling the market behavior to the MtGox failure will be like the reaction to the Silk Road closure.

Just remember, proudhon is never wrong. He just says the opposite of what he thinks.

Why do people keep saying they are gone? Just because I steal a coin from you it doesn't make it any less of a coin? What am I missing?

Reading the chatlog i came up with a theory that looks increasingly probable to me.
(until i read prof7bit's explanation which came up while typing this and can be even closer to the truth but i can't comment on the technical side)

Someone's gone missing with the second/third key.Either kidnapped or gone rogue,probably blackmailing
"technically speaking it's not "lost" just yet, just temporarily unavailable"

This ties in with the "security concerns" the other guys will need his key also and "third parties involved"
Looks like he sees the coins not spent but he can't control them for some reason.

That can also explain how the document has some real figures and maybe things they were discussing among them if that is what he is admitting with "more or less" but "this document was not produced by MtGox".
[11:13] <MagicalTux> [01:09:51] <JonWickedFire> Do you think it was leaked by someone purposely to hurt you personally or gox in general? <- I have some doubts

Mark has always appeared to me like a shy nerd,currently in deep trouble.
[11:22] <JonWickedFire> How does that make you feel to hear or see people you bailed out yourself and stood up for over the years, turn on you like that?
[11:22] <MagicalTux> not good

Other variation on this is if he is in regulatory trouble (maybe something similar to Charley Shrem situation) which is preventing him from accessing the deposit box in which the keys are stored.

https://twitter.com/cavirtex

something about a problem when they enabled LTC trading...

if you can find an explicit reason there, please share it.  I can't see the post history (probably 'cuz I'm blocking the scripts), but I'm not a twitter guy so I'm not sure how that stuff works.

Let's not rule out the possibility that Mark is simply lying, again.

If you aren't the sole controller of your private keys, you don't have any bitcoins.

Follow that simple rule and you will not be doomed to repeat it again.

Be wary of the two-bit idiot guy. Just found some CONFIRMED bullshit in his gox blogs.

He says in this post from Wednesday 26th http://two-bit-idiot.tumblr.com/post/77920927310/i-retract-nothing-i-have-written-so-far-regarding-mt

Can I make a point that some people here are mixing together BTC price speculation with BTC speculation as a technology.

No kidding.  Jesus fucking christ people!  For fucks sake.  I just don't even...

in my opinion it is a good thing that big money is getting in. so thumbs up for fortress. but..

but...

to effectivly create your biggest loss of all assets in bitcoin during 2013 is an outstanding example of bad timing.

I have told about the needed features countless times already, but I'll repeat myself again, what I see that needs fixing but isn't adressed with bitcoin: a) Speed of increasing wealth concentration b) Deflationary system that prohibits price stability c) Inefficiency of mining where new resources are spent while the network doesn't gain in speed or security.