but I know that $300k per 1 BTC is delusional

Stability
First DDOS to fail to drop the price.

Not familiar with any laws (or how to read them lawyer speak) so might a dumb question...but does the USD being legal tender in the US mean that other currencies are illegal? Or the other currencies can still be be used but just not legally obliged to be accepted?

Too much tinfoil hattery, need more solid speculation based on facts and logical reasoning.

well I'm saying next week today...
the prospect of cheap coins was the only thing that was holding us back..... people are confused....

its like they forget what's really happening here....

I know everyone wants "cheap" coins but you may want to think about "fairly priced" coins. There is nothing wrong with purchasing something that is priced fairly.

Looks like the sucker rally is stalling. Even for a Sunday this is low volume.

Look at how much time the price of BTC has spent under the 100 day moving average.... Then look at how much time it has spent at < 10% below that average. In my opinion by waiting to buy you are risking way too much. There are, let me say, "more then a handful" of people waiting for a very limited amount of coins at a "cheap" price.

The VV twins ETF can only be positive for the price of bitcoins. One - the publicity, and two - the spread of the shares to new users.

The ETF does not represent money supply increase, since the ETF shares are fully backed.

If the twins sell all the shares, keeping none to themselves, they have dollars to buy another 100K coins.

In a sense we need a killer app of some type. This could be the start at least in another country. We only need things to start taking off in one location and then the organic nature of BTC (, developers and the VC's) can take over.
My concern though, with something like this is the volatility of BTC. That is not a problem if you are using Bitpay or the like, but for BTC to work in these countries I would think there needs to
be some form of stability, UNLESS the inflation rate there is more risky than BTC (e.g. - Argentina).

Can you imagine if this "app" takes off AFTER we correct and people in poor nations are locked into something deflationary and rising quite steadily in price?

A new protocol is being built on top of bitcoin, not sure what the end result will be, but it sounds F-ing crazy, BUY BUY BUY!

http://www.reddit.com/r/Bitcoin/comments/1k9jhv/congress_appropriations_bill_directs_fbi_to/

a lot of shit is gonna go down soon
i'm happy to be part of the bitcoin world, always exciting news 

both in financing illegal enterprises and in undermining financial institutions

BUY BUY  BUY!!!!!!!!!!!

sry, somtimes i just cant hold it in.  

http://gigaom.com/2013/08/19/feds-seized-2-9m-in-bitcoin-funds-from-mt-gox-court-docs-show/

"The federal government sent a strong signal to Bitcoin traders earlier this year when the U.S. Department of Homeland Security seized an account belonging to Mt. Gox, the most popular exchange for people to buy and sell the crypto-currency. It was unclear at the time just how much currency the government confiscated.

But a new filing in Baltimore federal court (embedded below) shows the feds seized $2,915,507.40 held in an account controlled by Dwolla, a third-party payment platform similar to PayPal. The funds belonged to Mutum Sigillum LLC, a U.S. subsidiary of Tokyo-based Mt. Gox."

yes and they boring as usual. doubtful significant impact on btc either direction

Defendants are informed and believe that in March and April, 2013 MtGox customers, at the
suggestion of CoinLab, deposited $12,788,701.08 into one or more CoinLab bank accounts;
CoinLab then caused the amount of such funds to be credited to such customers' MtGox
accounts but CoinLab did not transfer the actual funds into the MtGox bank account. As a
result, such customers' MtGox account reflected a higher amount of currency funds available
to such customers than were actually in the MtGox bank account. In April, 2013, and upon
the demand of MtGox, CoinLab transferred a portion of those amounts, $ 7,473,490.29, to the
MtGox bank account, leaving a balance of approximately $ 5,315,210.79 to be transferred to
the MtGox account and which is being wrongfully held by CoinLab.

I already solved this dilemma the other day, it was a double top.

First media

http://www.washingtonpost.com/blogs/the-switch/wp/2013/11/05/bitcoin-price-reaches-a-record-high-for-the-first-time-since-april/

Yeh - that's the problem with disruptive technologies, they always have a sharp end.

If this bubble can reach $1k, will it promptly create a crash from all of the sellers at that price point?  Or will it begin much sooner ($500)?

I think I was one of the last ones to successfully withdraw from gox, thankfully pulled out all I needed to buy my house before the withdraw problems started.

Although it was at an average of $120/btc, missed the 266 bubble and this runup... Would have been way better off with a mortgage.

It is very sharp but it keeps bouncing back every time it falls. I expect that only bad news will cause a real crash. I don't know what that could be other than regulations..

This one's on Monday:
http://www.hsgac.senate.gov/hearings/beyond-silk-road-potential-risks-threats-and-promises-of-virtual-currencies

Have to have balls of steel to keep holding through all of this.

Until?

I see this mistake a lot -- confusing adoption with first encounter. We are at the early majority for people learning about the existence of bitcoin, but the very very very very early adopter stage as useful technology.

Do you suppose this might have something to do with why you turned out to be an independent thinker?

genuine buyer  

Word on the street: India.
And they hate being out done by China.
$1300 next week

do you really have to verify to get your coins off gox now?

You can always get your wife to legally change her name to the alias she used. Just have to publish her new name in a news paper.

Okay.  I'm officially sick of Gox.  This last few days have been awful.  I'm thinking of moving to BTC-e.  Anything in particular I should watch out for?

Just the Russians closing their doors and leaving with your BTC a la Sheep Marketplace style. Or someone closing their bank account etc... with the same results, without any known person or company to follow. People bitch about Gox (and for good cause) but there's a reason that it's the only place where all of the big whales play at and every other exchange follows. Even after stopping all USD withdrawals, and a month SEPA withdrawals they're still like #1 (or so) exchange, think about it

Lambo just bought from that dealer in newport (second car from them).

https://blockchain.info/address/1MVvYHYJxYCiP8xguQo6obqZGpxLkgTLTv

http://www.reddit.com/r/Bitcoin/comments/1sn0gi/someone_on_4chan_actually_bought_a_lamborghini/

If this means what I think it means... Have to consult a tax attorney.

Cash out enough bitcoins to become an accredited investor, place in IRA, put back into bitcoin, and keep taxable income under 100k...

You're too right. Even the mainstream media is picking up on it big time....

Libertarians And Millennials Are Going Crazy Over Dogecoin ... - Forbes

Is DogeCoin a potential weapon of mass economic destruction? - Guardian

Should you invest in Dogecoin? - Wall Street Journal

Absolutely sobering :/

We're working on our 9th daily green candle in a row.......

Bear market ends when i say so, none of this TA crap matters, thats the bottom line.

Here's some more bad news.

Jamie Dimon denounces bitcoin as ‘terrible,’ predicts its downfall

http://rt.com/usa/chase-ceo-bitcoin-terrible-downfall-100/

Believe me, this is gaining momentum, there's 10,000 BTC in limbo right now.

No ETA on when this problem will be fixed.

It appears to affect larger transactions so anyone making small withdrawals won't be affected so much.

check the #mtgox IRC channel, current rumour is that Mark has done a runner. Sounds like FUD to me though.

check the #mtgox IRC channel, current rumour is that Mark has done a runner. Sounds like FUD to me though.

Troll.

Bitcoin Foundation should do some damage control. While their at it, kick out Karpeles' fat a

Willie is back dumping 100s of coins every few minutes on gox. I have a theory that this whole crash is being caused by one early adopter that put way too much faith in gox, leaving thousands of coins in there, and he fears they don't actually have his coins now so he's selling to be able to get something back when they default.

You can't argue that the poster is correct in that the mainstream media is very 'down' on BTC at present and the perception is that the fundamentals have taken a knock.  It's going to be a rocky few weeks/months IMHO and although BTC is extremely resilient, it will only succeed by its supporters being positive and engaging its critics, not simply taking refuge in a static point of view or being personally aggressive.

I agree with the result but not with the path to get there. I would prefer to trade with the exchange that is the most transparent as i'm sure the majority would agree.

The problem I have is with standards based on coercion. Creating a body of power to force businesses to follow certain rules, stymies businesses to improve on the standards and eventually results in businesses  becoming mediocre and complacent and no longer compete. The free market will naturally favor the best.

Exactly

I gotta say... upon reflection the update looks bad. The last person to use the "security concerns set us back" excuse was Yifu Guo.

Yes he does. Remember he reported goat to the authorities as a terrorist.

Why did they do that? what happened?

BTW Mtgox website is down, nothing loads... only a blank page...

I just dumped mtgox's site an hour ago and 95% of it has been removed.

bitcoinbuilder is such a fail.


people who wired some fiat to mtgox and were betting against mtgox insolvency...

well, you might have a gambling problem.

yeah, it wasn't there long, here is my capture

<html>
   <head>
      <title>MtGox.com</title>
   
  <script type="text/javascript">
    var AKSB=AKSB||{};AKSB.q=[];AKSB.mark=function(b,a){AKSB.q.push(["mark",b,a||(new Date).getTime()])};AKSB.measure=function(b,a,c){AKSB.q.push(["measure",b,a,c||(new Date).getTime()])};AKSB.done=function(b){AKSB.q.push(["done",b])};AKSB.mark("firstbyte",(new Date).getTime());
    AKSB.prof={custid:"223233",ustr:"",originlat:0,clientrtt:13,ghostip:"23.208.248.44",ipv6:false,pct:10,xhrtest:false,clientip:"xx.xx.xx.xx"};
    (function(b){var a=document.createElement("iframe");a.src="javascript:false";(a.frameElement||a).style.cssText="width: 0; height: 0; border: 0; display: none";var c=document.getElementsByTagName("script"),c=c[c.length-1];c.parentNode.insertBefore(a,c);a=a.contentWindow.document;a.open().write("<body onload=\"var js = document.createElement('script');js.id = 'aksb-ifr';js.src = '"+b+"';document.body.appendChild(js);\">");a.close()})(("https:"===document.location.protocol?"https:":"http:")+"//aksb-a.akamaihd.net/146060/aksb-a/aksb.min.js");
    </script>
    </head>
   <body>
      <!-- put announce for mtgox acq here -->
   </body>

</html>

I also see that some people have trouble burying their head in sand. It's weird, because usually everyone are doing it so well.
I think that someone should post a detailed guide how to do it, so we could all just deny that mtgox ever existed and continue to chant choo choo without interruptions.

So does this mean that if when I transferred in my BTC it was worth $1200 I will be getting $1200 per btc refund?

Exactly. These stolen / inside job btcs have already been in circulation for a long time and are reflected in the prices on other exchanges. This is not a bullish news.

In case privkeys were lost - that would be pro-bullish.

Just out of curiosity - do they really? Do we know what percentage of new coins are sold immidiately vs held?

You seem to be equating bitcoin with a lottery ticket.  Of course it is not a lottery ticket by any stretch of the imagination.  The value of bitcoin is not determined by chance.  Thus it is difficult to see how this is relevant to your views on bitcoin, unless you have actually confused bitcoin with lottery tickets.  It is not even remotely analogous. Does it not give you pause when you use an erroneous equation as the dominant plank in your platform?

He is the most sophisticated of all trolls; he instills doubt so deep the sheep don’t can't question. [ ... ] 

Is your time here part of a funded research project? If so, what are the predicted benefits to those of which have funded you? Is the funding private or public?

As to "freedom to choose my research topics":

How can you justify to yourself to take money from the people at gunpoint to research bitcoin for hundreds of hours? How about researching wasteful spending by tenured professors?

I own more BTC than 99.9% of the world population combined. Of course I am feeling lucky!

... There are no more than 7 000 000 BTC holders, right? 

I own more BTC than 99.9% of the world population combined. Of course I am feeling lucky!

Rua Santa Ifigęnia is the traditional "electronics street" of Săo Paulo, some 5-10 blocks with tiny to medium-sized shops selling from transistors to consumer electronics, with sidewalks lined with street merchant stalls selling all sorts of accessories, cartridges, software, etc.. A large part of it is contraband, pirated, or counterfeit (you can surely find a "legitimate" copy of Photoshop or Autocad there for a few bucks). Once in a while the police raids the place, confiscates a couple of tons of merchandise, gves out fines and maybe some arrests, just to justify their salaries; but that is all "priced in" as you might say.

Some 10-15 years ago a Ph.D. student of mine bought for her project a Sony camera that had a CD burner built-in and recorded images directly on small 3" CD-Rs.  (There was a short time window when that camera made sense, because flash memory cards had about the same capacity as those CD-Rs but were much more expensive.) She was running out of the original supply of CD-Rs, and could not find then in Campinas; so one day we happened to be in Săo Paulo we thought of checking at Sta. Ifigięnia.

When you buy anything in Brazil the store is supposed to give you a "fiscal note", an official serially numbered receipt, of which they keep a copy.  Those receipts are used by tax auditors to check whether the state sales tax is being paid.  Obviously street merchants and  stores selling contraband don't give no friggin' fiscal notes, especially for a small purchase like a box of blank CDs; but since we were paying with federal grant money we needed the fiscal notes, and moreover we had to pay with a check from the government account.  We had to walk the whole street, asking at half a dozen computer supply shops, until we found a store that had those 3" CD-Rs, accepted the check, and gave us a fiscal note.

While we were walking back, people started shouting "tax inspectors, tax inspectors" all over the place.  In ten minutes (no exaggeration) half the small shops in the entire street closed their doors, and all the sidewalk stalls had been hastily folded and thrown into vans that disappeared from view.   For, you see, they had spotted two odd-looking people entering random shops and asking to buy some trinket with a fiscal note -- what else could they be?

So: don't underestimate.

Just think how many children went hungry because Jorge's government stole the money from the public that was used to purchase the CD's and the camera and pay Jorge's salary, in the first place.

How many years of salary have you taken by force from the public?  [ ... ] If your work is so important, surely you can find some private funding.

You are a smart guy, maybe it's time you either do something productive in the private sector or at the very least find someone in the private sector that values your work and get them to fund your "scholar" ventures.

BTW people please don't think he represents academics in general. I'm one and I take great offense.

Show me one crypto coin that is socialist?

Might be a bit of cash flowing into btc that was on the fence for investing in xrp, now that more of ripple labs' dirty laundry is hanging in public.

https://docs.google.com/file/d/0B_ECG6JRZs-7TkdBaE5wQkxKR2s

On the bright side, ripple labs has not yet been accused of transporting minor boys across state lines for the purpose of sex.

http://willyreport.wordpress.com/


lol

Suddenly the price freezes, volume drops, and silence falls on the forums.  It is that tense moment right before the tyrannosaur jumps out of the jungle.

Or maybe just lunchtime in China.

Wow!  22% of people in the poll think that we are going to be at $800 by June 1st?   There is some serious optimism going around... I like it

+2 [Jorge]'s a paid bank shill.

Jorge,

How many students do you have? Are you willing to facilitate giving each of your students some bitcoin? I'm willing to fund a project like this.

Thanks for quoting me as i'm sure he has me on ignore. I'll pledge $2000

Thanks for quoting me as i'm sure he has me on ignore. I'll pledge $2000

Thanks for quoting me as i'm sure he has me on ignore. I'll pledge $2000

QuickCoin is a great way of doing this. You can send 3 times per minute to people who have a FB account but have not even heard of Bitcoin. I will send to all my FB friends..

Let me say it again: if I believe that the medicine you are selling is snake oil, why should I give you a mailing list of people for you to send them free samples and advertising?

If we rebound now it's like SR all over again.

How many coins you got, Adam?  I would've thunk that you had thousands of coins, already.   and you would have largely bought back in in the lower $400s, if NOT lower.

[trolling] Participating in the auction is morally dubious. Are you a fence? If not, after buying these coins you should return them to their rightful owners. [/trolling]

The USMS does not make any representations or warranties regarding Bitcoin.

http://nypost.com/2014/06/30/feds-put-bitcoin-auction-bidders-on-hold/

How can you screw up a simple auction?

some poeple are so dependent on the matrix, they cannot be reasoned with.

Does anyone know how to calculate the price we would have be at to close the 1W MACD in red?

We went up 3 dollars so people have to take their 20 bucks profit you know.

Ha! Try using any ultra-capitalist third-world country instead of East Germany, and you will reach the opposite conclusion...

Coinsetter:  I have NOT used Coinsetter, but from the website, it appears as if it is already live.  I saw that there was a .25% trading fee, but I could NOT figure out the fee, if any to deposit fiat or to cash out to fiat.

Circle: About two months ago, I requested an invitation, and I have received a couple of acknowledgement e-mails from them.  I have NOT received any invitation.   I recall seeing a couple of pieces of information about Circle. First, it appears that there has been some use of Circle (but I cannot recall where I saw this information), and I do NOT know who has used Circle to make any transactions.  Second, I recall reading some article (also, I cannot recall the article) that Circle would be sending out a large number of invitations in late July or early August.  I am still waiting for such invitation, as I already mentioned. 

Placing bids now. Is $350 too greedy or should i stick with the trusty $420?

JayJuanGee,

You may want to take 10 minutes and think about what defines slavery. Nothing is black and white but at what is the tipping point between free and slavery?
Is conscription a form of being sold? Sucks to be a Ukrainian male in the prime of your life now.
Is 50% taxation, with 5% returned to you in the form of public services make you 45% a slave?
God forbid you are French and productive enough to be taxed 75%.
19th century slaves received room and board, so really they were only 90% slaves and we all pretty much agree that is morally wrong.
What percentage of financial or self ownership enslavement is ok with you?
Zero sounds pretty good to me.  

Do you think we can have a btc1k party in Dominica to coincide with the bitcoin drop on March 14th?

http://www.coindesk.com/70000-caribbean-island-residents-receive-bitcoin-2015/

we're you all born yesterday?

4 8 6

come on!

['property' vs. 'possession' distinction]

..... (who pays my salary)....

....I do not write paid articles....

For many believers, bitcoin certainly has become a religion, in the most literal sense.   (People in this thread are relatively pragmatic, but what I have read in some other threads is far beyond voodoo..)

Sorry, but the belief that it is possible to get rid of governments, and that society will be better without them, is religion. One cannot be convinced of that by argument or historical examples; one has to take it on faith.

Where are JJG and Trolfi? I haven't dropped by here for a while, and it seems so much more peaceful without them. I almost feel like staying.

Anyone else in here use Circle?

I've never experienced a better way to buy bitcoins. So easy my grandma can do it.

More good news to crash the price further!  Dump it into the ground, yay!

I hope Amazon announces adoption soon, so everyone can get those $50 coins they've been wanting.  Hell I hope the FED announces switching to bitcoin from USD, so it'll go to 0.

C'mon someone.  Buy it all at once.  I would love that!!! 

Where is the BTC.1k party going to be?

Adam at what price do you recommend loading up the truck with silver. I remember you mentioning 14-15 a while ago. Sorry to digress.

This is not my doing. Its likely that the wall holder is setting up an even larger OTC deal, at least that's what I would do.

People act is if it's going to kill them if they have to hold an investment for two years. I let Vanguard convince me to hold on to GNMA securities for five years and only made 2.54%.

Andreas kicking some senate butt in canada now.

thanks

http://senparlvu.parl.gc.ca/Guide.aspx?viewmode=4&categoryid=-1&eventid=9692&Language=E#

I found it best to use 2 tabs, 1 for audio 1 for video as the video is very choppy.

Oh dear btc e back to sub 400

Anybody think gold will ever hit its all time high again. Charts look like twins

what would the price of gold have to be to make it economical to get it out of sea water?

No, just those who try to swindle others by selling them shares of dry oil wells, water-powered cars, ponzi schemes, etc..

Real estate, and stocks of large, established and diversified companies are usually a safe investment.  Even if they are overpriced at some point, and may crash eventually, there is a limit to how much they can go down before hitting their fair price.  Since they are material property, their real value will not be affected by inflation.  For those who are too lazy or small to use those investments, there are many bonds and investment funds that are somewhat riskier and offer smaller returns, but will still protect from inflation.

No one can honestly predict the future of bitcoin.  It may rise again to thousands of dollars, or it may be superseded by something else and go down to zero.   It is a big gamble, a lottery ticket with unknown odds.  People should be free to gamble, but must know that it is gambling and not investment.

Except newly minted coins are not sold on exchanges.

Sure, good point. But I'd assume that rising prices will bring mining operations back in as the profitability of mining increases again, and inflation will pick up again. So I'm not sure if this will help a sustainable rally to develop.

just need to accentuate the pressure on stockmarkets worldwide. QE is not going to last forever.. people are going to seek some new safe heaven when the bails in are going to flourish here and there.
and then bitcoin will rise. big time.

TL:DR: we need macro doomsday.

Must be one of those victimless crimes i heard of?

 

Is there anything similar to Bitcoin with that many scams, frauds and thefts?

Maybe the nigerian prince e-mail scammers?

face it canadians are just cooler poeple.

Nothing creates movement in bitcoin. The bitcoin simply is, and we are the ones that move.

Good luck converting those evil Hindus to Christianity.

http://www.fincen.gov/news_room/rp/rulings/html/FIN-2014-R011.html

http://www.fincen.gov/news_room/rp/rulings/html/FIN-2014-R012.html

Two new FINCEN rulings today. Bullish or Bearish?

*edit*

Bearish. First ruling does not distinguishing between exchanges that allow trading fiat for crypto vs those that only allow crypto for crypto. That is, both have the same "Exchanger" MSB status.

You state in your letter that the Company wishes to set up a Platform that consists of a trading system (the “System”) to match offers to buy and sell convertible virtual currency for currency of legal tender (“real currency”)

I mean seriously, folks complaining about a criminal drug dealer getting arrested. Maybe you never had a relative die from addiction.

Is this fucking real? I'm on a mobile device right now, can people help me out with credible sources please

Ukraine President Poroshenko announces banking blockade of separatist-held eastern regions:


>The Ukrainian central bank has been ordered to stop servicing all banks operating in the rebel-held areas.
The accounts of individuals living there and companies located there have been frozen.
This will stifle the local economy, as businesses will have to conduct transactions in cash or use a bartering system.

Cash or barter... or Bitcoin.

Are you suggesting that the total value of seized assets they process has no effect on the number of gold stars on their resume?
Civil asset forfeiture does not need to go directly into the pockets of civil servants to create financial incentives.

Someone stuck Willy on the gold market, driving the price up $0.10 every second. Gold was up over 20% in 30 minutes.

No, but it's been just under two years since it last happened.

Silbert still hasn't published info about his syndicate bids? Probably lost them all again.

Hahaha... nice one! Kudos for the way you explained it and happily won't argue. You know though -deep inside- that this is a completely wrong way to calculate it... right?

https://en.bitcoin.it/wiki/Transaction_fees

So the miners are getting subsidized about $10 per transaction from bitcoin inflation, where you are getting subsidized about $10 per post from Brazil robbing it's taxpayers and inflating the Brazilian real.

The gold standard was the pegging of gold to currency.  Not the backing of currency with assets gold or otherwise.

Let's cut to the chase, which altcoin do you recommend?  

... She's prone to give people money to stranger's over the phone...

Time to have the bitcoin talk with grandma.

... She's prone to give money to strangers over the phone. ...

But mainly I do not like scammers and sleazy people who lie to take other people's money.  Perhaps because I am rather easy to fool myself.  And I have never seen a community so packed with crooks and criminals as the bitcoin community.  Politicians, judges, cops, bankers, even professors -- there is plenty of corruption among them, but nowhere near as much as among the bitcoiners.

Just bought some crap on ebay using bitcoin through gyft!

The intermediary bank and association pays for it.

But the "interchange" association will reimburse some of the loss to the final merchant if they used rules like i.d. verification  and physical swipe of transaction  them from the buyer, online sales are much higher risk than physical location, therefore the higher interest and swipe charges for online merchants.