Chart time!

Maybe 1 or 2. By coincidence.

Not if you use one of these:

Sorry -- i'm into that stuff myself (the gear, not the history)

I really wish transfer between BTCe and Gox was easier.

Ripple?

Why? I'm sharing with you my own personal experience.

I wonder why some wires go through so fast, while others not. Puzzling.

BTW, I'm fully verified including notarized docs sent by regular post.

Get ready ... weeeeee

its me and im on vacation already

The problem is that since there is a fixed amount of BTC, it incentivizes people to hoard it.  Which then causes them to panic dump it when the price falls.  What we need is a cryptocurrency with enough inflation to deincentive saving (hording).

Currency is a tool to make transactions replacing the old Barter system.  This is why all currencies moved off of the gold standard a long time ago.

The more I watch these swings, the more I realize we need inflation.

People who are refusing to deal with altcoins, specially when Bitcoin is in trouble are dumb IMO. There are so many of them if you catch 10% of pumps you'll be good as much as Bitcoin is failing.

Excuse me but why stay for long there? Trading is our hobby here isn't it?

I trade - I don't see fools or smart guys.
I ride the wave hoping I won't get buried in it...

My point is that inflation reduces volatility because it keeps the price of the currency at its lowest economically driven price.  It gets rid of speculators and allows the real economy enjoy price stability.

Does anybody want to buy 200k paper Bitcoins from the Winklevoss aka Hunt Brothers? https://www.sec.gov/Archives/edgar/data/1579346/000119312513279830/d562329ds1.htm

You misread.
http://blogs.wsj.com/moneybeat/2013/07/01/winklevoss-twins-file-to-launch-bitcoin-exchange-traded-product/
They are not "bailing out," they are offering shares of an ETF based on bitcoins. Not quite the same thing. In fact this is good for bitcoin as it could attract more institutional investors who want to be able to participate in Bitcoin on traditional markets. This is something they can understand and trust. Good old winkii twins; they've got our back.

GG, campBx now at $0.00

Someone dumped 2k coins there all the way to 0. Poor guy probably thought there was more depth.

I think this bounce up was expected, but I don't think it will pass the 94-95 area. Then back down we go.... we'll see if 78-80 support holds.

OH GOD the irony. I'm still all in man. Just reporting the news!

But...I...oh whatever. Sometimes I think you guys are just here to troll me. Ditto the market everytime I put in an order.

You really see panic? I didn't see much panic. But I'm expecting it soonish.

I really am surprised we are not bouncing there. Lots of buys lined up behind us, but none looking to move into the sell side...

do i want to buy???
my leg is shaking!

no panic as long as we are above 50

i'm calling bottom here.

Does anyone else think that it is a little strange and inappropriate for a moderator of a bitcoin forum to be relentlessly campaigning against it?

its only me thats actually buying right now..

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?

Coins are coming out of the woodwork.

"Extremely limited supply" they said. 

You still only really need to deposit fiat to one exchange. You can get "fiat" on any other exchange by transfering coins there and selling. See, even with BTC at $5.00 you can still use it to transfer $10,000 from Virwox to Bitstamp to manage the risk of too much fiat on one exchange. Cool beans.

Loads of fiat on the sideline and loads more coins for sale that are not on the order book, waiting nervously for that rally ... that may or may not come before their pain threshold is reached

BTW, how many coins do they have?

Just saw about 3000BTC get pulled off the buy walls to 62.

To be fair, we sort of did bounce from $57 to $166, if that can be considered the 'dead cat bounce.'

Wait at 1:25 does he say that a bitcoin is worth $80,000 or am I hearing something wrong?

Not worried at all during the fork, I bought a lot in fact.

I agree, bitcoin is revolutionary. It IS the best form of money that has ever existed.

However, it is still in its infancy whatever way you look at it. For it to BE money it needs a stable price, who is going to trade with something with no fixed value or at least some what of a guarantee of your spending power down the line. The ONLY way to get round this is to stop all this crazy speculation that it's bigger than Jesus/the internet etc and actually use it as money.

Until it is actually used as money en masse all this volatility is just delaying it being mass adopted. Yes a bubble is great for bitcoin, for publicity and adoption, but it NEEDS to deflate and have steady growth in order to compete as money.

All this bullish sentiment that its value right now is in tripple digits or that it will some day be the global currency is irrelevant. Bitcoin needs to walk before it can run and with the only people jumping on the train are expecting it. The price ends up being 99% speculation and 1% asset, this only helps to stunt its growth as a viable currency.

Bitcoin = Currency??

 

BitcoinDelusiontalk.com

Trying to get straight into the claws of an un-innovative (no idea the Antonym?) company like apple is the wrong approach. We need to build companies from the ground up that USE the currency like paypal would, for example. Whether through adoption or creation.

So what, we have a huge market cap based around what? Its use to transfer wealth cheaply and quickly through the internet? Big companies are already heavily tied with the traditional banking system. They are not prone to change and they certainly wont for a 5 year old currency with an inflated market cap based on speculation. We need to build from the ground up. Let the companies see people wanting to spend bitcoins and they will follow. Trying to shortcut it is not helping adoption.

I can trade my TV for something else on Craigslist or anywhere in the world.  Does that make my TV a currency? 

Low volatility is not a neccesary requirement of a currency. It will take a very long time for Bitcoin to become non-volatile. I suggest you get used to it. It's far better to hold something extremely volatile which is continuously increasing in value than something non-volatile which is decreasing.
A minimum market cap is not neccesary for goals such a Apple accepting Bitcoin. The market cap will automatically adapt to satisfy the new demand.

The most recent thing I heard though is the government is going to levy a new tax on it or something like that.

On the other hand, there is no reason for Bitcoin to go down right now, besides speculation.

Actually, almost any act of trading, or hoarding anything, can be labeled as "speculation". You're selling bitcoins? Speculator! Buying bitcoins? Speculator! Holding bitcoins? Speculator (you are probably hoping the price would go up). Buying gold? Speculator! Selling bonds? Speculator! Holding dollars? Speculator (by holding dollars, you are betting against gold, Bitcoin, and Chilean peso).

The only real way to avoid being called a speculator, is to spend all of your savings right away, and go into debt to buy a new house, or a yacht, or a Ferrari. Now, all of a sudden, you become an honest hard-working person, struggling to repay the debt. Not like all those speculators.

Margin trading will save us! With leverage 100:1 price swings will drop hundredfold, to single percentages.

That's how levers work. Long end swings wildly, while short end hardly moves. On long end, daytraders put billions USD in and out, make and lose their fortunes, while on short end the BTC price hardly moves. Speculators getting volatility and merchants getting stability. Win-win!

Potato Technical Analysis^TM.

What is most troubling is the widespread belief that human nature is malleable; that somehow once people who have adopted bitcoin get to run the show that it will be any different. I am the first person to complain about the excesses of the current establishment and the widespread systemic problems in nearly every aspect of western (global?) society. However, putting a different group of humans in charge will not drastically change the outcome. History is not linear and despite popular belief, human nature does not progress. 'Science and Technology are cumulative, ethics and politics are recurring dilemmas' (John Gray).  This type of thinking isn't exclusive to users of bitcoin, but, unsurprisingly, there seems to be a particularly large contingent of believers in the impending utopia, borne from technological progress.

Bit off topic, but I typically get carried away once I get on my soapbox.

I'm not talking about spending as in the bare necessities like hookers & blow, i meant spending which could be avoided -- lending for profit, investing, "spending money to make money," the boring stuff.  I simply don't see how molecular believes that Bitcoin is bound to disperse wealth. (Bitcoin:  Champion of the poor.)  If anything, once you discount extremes (one person owns every bitcoin), nothing encourages spending like inflation

Why do you want to encourage spending?

Spending money is identical to spending resources?  Oy vey.

IAS: I think it was you who responded to the bitcoin.de and Fidor Bank deal. It's even better. This is first direct banking cooperation in the European Bitcoin sector (or worldwide?) and not only in Germany. Just imagine.. a full blown Bitcoin exchange, backed up by Germany's bank standard. Fast conversation between EUR and BTC, no more waiting time to deposit or withdrawal. The ultimate dream would be a debit card which can be refilled with Bitcoin.. but let's see, how things turn out.

You're joking?  I can guarantee that earth's finite resources are not depleted when you pay for gold or my fine whores.  Or milk, or stocks, or other currencies, or art, or digital goods or pretty much anything short of commodities which you intend to destroy.

The gold i'm selling is 100% guaranteed to be stolen from senile octogenarians, never mined!  Btw, you're theoretically right -- as long as the process of buying involves any amount of energy, be it as insignificant as a gesture to an auction spotter, spending does deplete finite resources by contributing toward entropy.  But i like how far you've reached too.

To the right.... always to the right.

Fun as it would be to believe it to be true...I think the jury is not out on whats gonna happen next

Why did the automated posts got so small? I have this new huge monitor for nothing? LOL

Just for you ... to fill a bit of that hole ... it just never gets old !!

http://www.youtube.com/watch?v=A7TuFy0fcuw

It's not photoshoped.

Price stability (long term) is impossible without a 1000 fold price increase or a reduction to zero.

Max Kaiser:

I agree too, after all they are the most on topic posts in the thread

XBT, BTC, Ƀ, these are all the same thing and you should understand them. The one that gets used most, will win in every day life.

"mbit" will win

USD seems to be more popular the Bitcoin, but that isn't a valid reason to use it.

We have the new downtrend, guys.
3 connections

Finally, someone with some sense.  It seems like this has become the "MtGox Speculation" forum lately.  So many chickens without heads running around.

I'm not going to get into this in another thread.  Their press releases explain the situation clearly.

350k BTC are going to be released to SatoshiDice shareholders tomorrow within hours: https://bitcointalk.org/index.php?topic=101902.msg2751536#msg2751536

Goodbye, triple digits.

350k BTC seems to be an insanely huge number. 

Even 126k BTC is crazy for such a simple piece of software which has gone nowhere for months.

The bear case is yet a new run of mr smith goes to faptown-

there's an exchange of btc, oh noes this means everyone receiving btc suddenly wants to sell- dumpocalypse.

there's no exchange of btc, oh noes btc doesn't have an economy, how can we possibly be worth 1 billion without an economy somebody save my penis!

TL;DR: The main idea of this article is that Bitcoin will destroy the current financial and government system.

who do you think you are? an internet philosopher king?

if the future is set in stone, none of this matters and today is not a gift, it just is...

you could push your performance to a higher level if your spelling style would correlate more with your avatar. 

Approved for a merger

It'll be a while before SR isn't the defining characteristic of the bitcoin "economy".

If Japanese people are smart , they can bring the arbitrage gap down significantly:

Buying BTC at bitstamp, bitfinex or other exchanges , then sell BTC at MtGox in JPY, and finally withdraw  JPY within Japan

You can buy from someone in USD using EUR.

Yes they convert currency for 2.5% fee. If I send Canadian dollar without a Canadian account they will convert to USD.

Yes, enjoy the show.

Do they want to feed at $115 or are they after a bigger catch at $130 or $160 or higher ??
Are there bigger fish to fry ? 

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

I thought we were playing magic the gathering, maybe i have the wrong forum.

What am I looking at?

weren't we mining at an accelerated pace the last few months perhaps this is the result of that? or perhaps there is some missing data for about a week or so.
otherwise the chart looks good to me

He says as the tumble weed blows past the empty saloon.

and where oh where have all the wall watchers gone, plays in the background.

Positive feedbacks are unsustainable.

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.

what? i thought you're a bull....

show your true skin now?

Haha, knew that was coming.  

That sucks dude. I'm over 8% up for the morning. It would be worth it to take the day off and just trade today.

funny all the people in this thread bragging about their profits
i bet ya, for the same amount of people with profits in this thread there are people grinding their teeth in the shadows at these posts :p (not me, don't day trade :p)

C
C
C
C
C
COMBO

B
B
B
B
B
BREAKER

Crash is so last week.

The move from $1,000 to $100,000 will happen faster then $10 to $1,000

Would have to be pretty dumb to deposit on Gox.

Bitfinex down

OMG look at the wall at Stamps

and here i am buying alts...

It's the same guy

it is scary though, it reminds me of April bubble, a bubble is never a good sing, I would like to see the price stable at this price for more days then rise slowly again rather than rising too much and crash to $100
a bubble is never good for the long term health of the bitcoin market, it creates panic sell/buy which will keep most investors and normal people from trusting the coin.   

It could be the very early stages of the start of a bubble, or it could end up not being.  I think the fact that everyone is constantly thinking about a bubble leads to more corrections and stability, in fact.  Bitcoin-ers are very aware of bubbles. 

I sold over 20 BTC march 11, tell me about bad decisions.

elseif

We're on the move again.

hey guys.
Im new at this and today logged on my bitstamp account. Is there a decent way to read the order book to figure out what kinda price trend is ocming up next?

You are forgetting an important dynamic: Interest rates. When consumption falls, savings rise and there are thus more money to be lent out. That means that the supply of money for loans rises and the price for loans fall which is the same as the interest rate falling. That means that it becomes more attractive to invest with borrowed money and this increases efficiency (if the investment is sound) which then increases the purchasing power and thus increases consumption. Yes. Capitalism is cool!

You know, it's not difficult to buy something with bitcoin and immediately replenish your stash by converting an equivalent amount from fiat to bitcoin.  If you're worried about spending your bitcoins.

look at this tx graph  https://blockchain.info/charts/n-transactions?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
the # of processed tx is a proxy for utility, earlier this year we got rid of dust tx and you could see the decrease, and now an increase which means that some new value has been brought in but we are not talking 10X yet. in the last bubble the magnitudinal (10x) tx increase preceded the massive (10x) price range shift

I think it's a myth that Bitcoin's value mostly stems from transaction value or merchant adoption. The real driving force is long-term investment. Or rather, the value does stem from transaction value and merchant adoption, but not present transaction value or merchant adoption but future transaction value and merchant adoption. One of the things that investors do is drive up the price of things that will serve a valuable function in the future, since most people won't buy them now since they're not valuable for that purpose now.
So there's a complex relationship through time between store-of-value pricing and medium-of-exchange pricing, with store-of-value/investment being by far the bigger of the two, even though it itself is largely powered by prospects for eventual medium-of-exchange pricing. It's that kind of complex interplay through time. Nevertheless, there's a reason why the old holders don't sell much: they believe in the future potential, and they know that even if it takes years to get there the price would have to appreciate wildly fast to be ready by then.

I think the reason store-of-value as a price driver isn't talked about more is because it's sort of taboo. To those who are less familiar with Bitcoin and its potential, it makes Bitcoin sound like a ponzi scheme the more store-of-value functionality is emphasized. So there's a taboo on pushing that angle. Of course there's always a taboo on saying, "Buy this thing (which I, uh, also just happen to own) because it's going to go up massively in price!" Nevermind that that's about the best, most generous, most helpful advice you could have given anyone at almost any time in the past four years; it's just not socially OK to do.
People also naturally tend to speculate, whereas merchant adoption doesn't come without proactive efforts, at least in these early days. So there's all around a large bias toward hush-hush on the store-of-value aspects. The problem is that people then get confused about the investment aspects and what's driving the price. But socially, that's not considered something you have any obligation to help people with, and people often aren't very grateful even when you do help them and even when you can prove they would have been wealthy by now if they had just followed your advice. The human mind just doesn't work that way.

I have been telling people about Bitcoin for more than 2 years, making them "aware" of it while trying not to push it hard, and recommending the, "not more than you can afford to lose" approach. I have always believed that Bitcoin is just too important to ignore, and has too much potential to not invest SOMETHING in it, even it it is a very small amount. Investing $100 at any point during late-2011 and 2012 would have yielded between about a $1500-$10000 return as of today. That's crazy! All in all, I'm sure that I have told no less than 40 people about it and not one person has bought in. It actually makes me kind of sad.

i actually do own  some coins

read the first sentence of the first 2 paragraphs  of satoshi's wp:
"Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments"
"What is needed is an electronic payment system based on cryptographic proof instead of trust,
allowing any two willing parties to transact directly with each other without the need for a trusted
third party"
Is btc used for commerce on the Internet?
Where in the wp does it say we need a trustless asset class to invest in?
good to go back to the roots sometimes... for a reminder of why this even exists.

as long as you cant withdraw real money, it's going nowhere but up

Yeah man, it's going up WAYYYY too slow!  It should be going up at least $50/day or else we're gonna stall out.  OMGz

Correlation != causation

We are going down to $150 soon. The end is nigh

the end is near, last chance to buy some xrp.

Meanwhile, all the bears that have sell today, first day of the week at $227 hopping for a double top feels good, but tomorrow they will repurchase at a loss...

The crash at 266 was due. The DDOS was just the trigger.

Multiple claims on my balls? So what, it's a good thing. Everyone's fractional-reserve banking and re-hypothecating nowaday, no? So why not me?

Bitcoin report on the news channel of 19:30 in the Netherlands. About this:
https://bitcointalk.org/index.php?topic=325351.0
Let the Dutch hype begin

also their german and austrian branches lieferservice.de and lieferservice.at accept bitcoins for payment.

Here's the blog post (german)

It's extremely possible there could be no big crash this time around. All the people selling now expecting a 3rd crash so they can buy back in will be fucked. Most of the last crashes involved some bad news of sorts. Things tend to happen twice in bitcoin, but not a third time. Don't be surprised if all we get are mini crashes on the way up. It's a good way to take coins from the weak hands who don't know what they have.

BS. Nothing special happened. Is just that after a speculative mania period someone realized a huge chunk of profits, triggering panic sells.

This will happen again - over and over and over. Is just that the bottom will be higher and higher and higher. Until BTC finally becomes the world reserve currency or it disappears for good.

!!!! Subway! 10% discount! Is this real?

They have no idea how bitcoin works. Lol at they thinking that you must "create" new money to have enough of them, their brain still don't know the concept of "more digits after the decimal point". Lol at the fact that an "issuer" must exists

$342

We still haven't had a Bitcoin-style full-on correction/dump from this 6-day rally and I'm getting a wee bit nervous.

Being a nervous investor and posting about it constantly helps no one.

Hey if that is directed at me I'm the only one talking about the price direction and adding some TA....and NOT about my "feelings", lol.

Wow. This is a bearish signal indeed.

Guys: SELL SELL SELL!!!




P.D.: Just joking Proudhon, very happy to have you here!!

No man, her best decision was buying BTC, YOURS was marrying her!  

Really, I feel like we went from 5 to 266 in bubble #2.  5 was a long period of stability... in April 202 so that actually x50.  The only real pullback between then and the top was the pirate disaster, and that is easily seen as artificial.  That is, its a external event that could have been triggered anytime -- not really related to the trend.

Funny enough btcchina seems to be the only exchange not at ath right now

China, Y U no Rallye?

I wonder if this has anything to do with the resilience in price over the past 24hs.


https://twitter.com/maxkeiser/status/399173865026224128

So I sold 1 BTC at 350 yesterday ...

..... on gox, and its gone up by 40+$ in 24h

omg DDDoS... head explodes

I have the impression the rocket is stalling
One whale decides to dump and Weeeee it goes..

It's obvious you misunderstand the full definition of "fiat".  Fiat can be a government issued currency but it also is defined as a currency with no intrinsic value.  Bitcoin, like USD, only has value because we agree that it does.  Thus Bitcoin is simply another form of fiat currency.  Bitcoin though, is not debt based.  So thats good.

We're moving again.

Come here often?

Called this yesterday.

https://bitfinex.com/exchange
"Bitcoin last price: $441.2500"
"Not enough USD reserve on Bitstamp, you cannot buy on Bitstamp at the moment"

when do their deposits make it to bitstamp???

sell to coinbase price @ $440 (minus 1% fee)

If you know could know exactly when bitstamp would come back online to bitfinex then it would make for a great shorting opportunity.

I have seen up to a 10% difference when it happens.

Called this yesterday.

Traditional markets lie.

They let people trade with assets they don't actually have.

Soon enough, Wall Street will get involved and play fractional reserve games with Bitcoin trading.

When that happens just remember - only bitcoins that are in a wallet whose private keys you exclusively control are real. Everything else is just promises back by (potentially) nothing at all.

I don't trade on traditional markets, so I'm just wondering the following. Take for instance Google stock, right now it's floating around 1000$. I can't imagine the Google stock has the same shitty market depth bitcoin has, e.g. 1000 bitcoins (or 1000 shares) dropping the price by 40$. Why is it that bitcoin has such bad market depth? The price keeps going up but a few big dumps could drop the price back to the low 300's. I can't imagine the same thing happening to Google stock.

Auctually the volume needed to sustain a given price level is based on bitcoins, not dollars. If the price is four times higher than there needs to be four times as much usd volume, which is the same amount of bitcoin volume.

A credible assassination market would clean up politics.

What will we see first: 500goxusd or 3000btccny? And what will fall first?

My bets are on the chinese.

I thought you were short?

yeah man I was not feeling it this summer either ~but now looks like we have a monster breaking loose!!!   1000+ here we come! *imho!*

You are familiar with their position on WoW gold?

We've just reach 350€ at Bitstamp. Fucking awesome...

English? Still nobody told me about the ChartBuddy.

Yeh I was wondering, if this the longest thread in this forums history?  Then that got me thinking, on what is the the longest thread in any forum ever lol.  I wonder.  Anyone know?

Pregnant?

Thesis:

The future price of bitcoin is proportional to the number of jokes made on the most active Wall Observer thread.

You should write a treasure map with shady and mysterious instructions of how to get access to your bitcoin. That would be awesome  

Get back to driving the rocket. Also take Humantee with you.

crap its only been 1 month of this for me no wonder everyone on here is insane

From bloomberg:

"The Department of Justice and Securities and Exchange Commission are telling a U.S. Senate committee that Bitcoins are legitimate financial instruments, boosting prospects for wider acceptance of the virtual currency.
Representatives from the agencies told the U.S. Senate Committee on Homeland Security and Governmental Affairs ahead of a hearing today that the digital money offers benefits and carries risks, like any other online-payment system, according to letters they released before the meeting."

http://www.bloomberg.com/news/2013-11-18/u-s-agencies-to-say-bitcoins-offer-legitimate-benefits.html

As ridiculously high (and ridiculously fast as we got there), this is astoundingly good news. If the US Government gives Bitcoin a go ahead, we can bump up our mass adoption plans.

What the hell is causing that spread? It's not just Gox too, China is even higher.

We still live in the wild west!

Bitcoin is not like gold at all, in the aspect that gold does not have price check built in the same way Bitcoin has.  Bitcoin network uses electrical power, and this power has cost.  At 600,  around 2 million usd daily, can pass trough exchanges pushing the price down.  So, we need 2 million daily just to keep the Bitcoin price at the same level.  So, 2 million of fresh sucker money daily.

If all gold mining in the world stopped, gold would still be useful, so it can function with "zero cost".  Not so with Bitcoin, Bitcoin will always have costs to keep it running, and this cost is an almost direct function of its price on the exchanges.  

Gold does not have a price point at which all the electrical power generated in the world is used by gold.  Bitcoin has such a price point.

Dude electricity is irrelevant. Maintenance cost is relevant. For gold that cost is way higher (anti-counterfeiting measures, transporting, anti-scraping measures, storing, securing) than Bitcoin mining which also accomplishes all these things better.

People that keep focusing on electricity truly don't get it. Do yourself a favour and read the articles by Erik Voorhees I linked.

Yes, but this cost of gold will not be passing trough the exchanges (on the sell side as well) and push the price down, like the cost of Bitcoin will. 

As long as miners have costs that can't be paid in Bitcoins, a sizable chunk of that daily $2 million must pass trough exchanges, pushing the price down.  If you can't see this effect on the price today, that does not mean that the effect is not there.

And this effect, this downward pressure on the price is directly connected to the price of Bitcoin.  The higher the Bitcoin price, the stronger the downward pressure on the Bitcoin price.

I'm just trying to wrap my head around where these daily electrical power usage numbers are coming from...are you implying that 100,000,000 more people will start mining and the price of electricity will quadruple?

man, you guys sound like experts in the 90ies figuring out that mobile phones will never take off since they use to much energy.  

Usage where and for what? I'm open to that notion but I have no news of such possibility. For what use are they being adopted that I'm unaware of?

That's smart, except that they may not recouple for another 12 hours, which is plenty of time for you shorts or longs to get crushed.

PS: Is the Secret Service guy there as an advertisement for the Secret Service?  Jeez....

His gains have been so large he bought his own rocket!

The statement wasn't "she's hot". That's cool.
It was "who fapped to her?".

I think proudhon has developed into a closet case.

I guess we reached the tipping point, no single digits ever again unless BTC is going straight to 0.

How much have you made this month?

Paper profits. View them as such. If it drops to $100 tomorrow (without valid reason) I won't care.

China is doing it again. 5888! ($966)

what? 6000?? is anyone leveraging here? it can't be true, 28 hours ago we were 3000 wtf

Can someone tell me wtf is going on? 

All the exchanges are lagging and everyone is panicking, because the bubble is popping.

Now we find the bottom.

There is so much pork and bacon around this market right now it is like a ww1 battlefield if pigs were fighting it.

I watched BitStamp crash from $755 to $521  

This is all Spaceman's fault. We were going nicely to the moon then he decided to stop for fuel because he wants to go to Mars....
Some noobs jumped out and got pulled down by gravity.
God damn it.

You guys think that's it? Back to up the hill, or more shakeout?

Hmm...

You guys suck, lol.  Why do you always play while I am asleep?  Nice shakeout by the way.

I am currently crapping my pants

A line that's not 50$ thick, it's just an easy way to make it look nicer...

a decent eye can see it at max represents 25 dollars of thickness

The so-called whales from the time of 100-150 are now little babies that cannot manipulate the market any longer.

Speaking of which: does anyone know if it's workable to cash out on btcchina, buy gold bullion, and get it shipped to the States? Could a company be started to do that to exploit the huge arbitrage in the exchanges?

i didnt know!
i paid in BTC  

DID WARNER JUST IMPLY BITCOIN WILL DETHRONE USD???

Gallipi u screwed the market

She looks ill.

$900 to $400 is a bubble pop. Period. It's not a healthy correction. It's not a consolidation. It is exactly what I've been talking about. The WORST thing that can happen to Bitcoin. I posted on FB the other day "Bitcoin on the rise about to break $800" huge amount of comments all similar to "wow, awesome, congrats". Then the emails start pouring in. Questions, thoughts, what, how, where. Today I wake up to those same people saying "man I'm glad I sat that out, dude do you want to cut your wrists or what, glad I didn't throw any money in is lose half and still be losing"  

The people on this forum are bitcoiners. The people in the real world are not. They don't give a shit about the technology, they don't believe bitcoins will replace their fiat currency, the only thing they see it as is something they can invest in and every time we start to see some solid new money come in everyone starts speculating and the whales start taking advantage. The only thing people currently see and are talking about "Bitcoin crashes yet again, and costs investors billions".

Wake up people. For people who are so smart, your pretty dumb to try and fool yourself and others that this is healthy and just a nice correction/consolidation.

Exchanges are obsolete. They're just trading on inertia.

hahaha bears are dying!

FUCK YA!

Such as in bitcoin specie.  Its ideal for the small off-block-chain point-of-sale no-delay small transaction and is also more anonymous than the cryptocurrency.
/shameless-plug

When the start of the big red candle hit, I said to myself:

"Self, there are 3 possibilities here."

A. We would snap back hard and keep moving up, similar to how we did just a week prior.

B. We would have a correction that was more like a breather. We would go lower, consolidate for a few days or a week and then march our way back up, slowly building up steam, having a hard time between 900-1000 and then finally blow up past 1000 in a short while after and have another stratospheric rise before FINALLY correcting for a longer period of time.

C. We would reverse trend for a few months or more before going pre-bubble again.

After the first hard snapback I said to myself "self, it looks like it is going to be A or B. Wow. That's crazy."

Then 24 hours later, it looked like it was going to be option C.

But now, I think it is either option B or C. And unless we have some weakness in the next 48 hours, it's looking more and more like B is going to take this one.

I'm pretty excited either way. But, if B is confirmed and we start heading in a northernly direction, it is going to be one hell of a fireworks show this holiday season.  Because the next parabolic rise will be nothing short of spectacular.  And once we get past $1000, there really isn't resistance for miles.

here we go!

weeeeeeeeeeeeeee

Malevolent is right. Never go full fiat. That's been historically a losing strategy, and that's a matter of fact - unless you sold to buy back lower and you succeeded, obviously.

If he had left half on the table, he'd have another $100k by now.

Is there anyone who wants to exit Litecoins for a nice profit?

I buy LTC in quantity and pay fiat currency your choice.

Bitcoin!
Subway is in board! This is exciting!

https://twitter.com/SUBWAY/status/403628068222156801

Not really, a few days ago there wasn't any official endorsement so it might have just been few rogue entrepreneuers accepting them. Now we have an official tweet from subway!

Speculation is the gateway drug to bitcoin.

I totally agree that bitcoin is some sort of template for things to come. But thinking merchant adoption is important at this point is just wrong. There's a buttload of other stuff that needs to be solved first.

It's frozenlock, he thinks we're dummies.
If he didn't close that short, it may explain his absence.

Subway! Is that worldwide? If so, this is going so much faster than I ever imagined

You went finally all in?

Tulips are not useless, they might not be a good currency but they can be a store of value, nobody has control over your Tulips but you

This is old.

It's true I was kind of ambivalent about investing at one point because I thought, "If Bitcoin succeeds, just about everyone is eventually going to be rich by today's standards anyway, whether they bought in or not." It's more about how fast you want to get there. If you invest now, you get to experience financial freedom in a year or two, instead of a decade or two.

By Friday eh?
OK, I'll have you a little wager it's still above $500 by Friday midnight GMT.

The loser has to post a self-composed poem describing what a bad trader they are?

$201 - $499 and we are both safe.

I can't help but keep seeing the pennant formation forming.

A few days, a week, even, and we may well get another 50-100%+ launch.

All of the exchanges seem to support, and I know I'm not the only one seeing this.

Max Keiser has been pushing litecoin a bit lately. :/

is there a safer option (other than paper wallets) where they don't have to download the whole blockchain?

edit: sorry OT

many are also expecting a rise

Haven't we done enough?

That's what bulls say. Bears say that the longer we stay in this price range, whales start dumping. 

*Ladies and gentleman, this is your captain speaking.  Prepare for lift-off ! *

We're flying Virgin, I assume.

No.

4 days ago I told everyone that judging by the correction in March, that this correction would break out and hit $1000 by Friday night. And I've just been reminding people to get on the north train ever since.

No sleeping! We need you piloting the rocket!

I personally learned a lot in the last 36 hours regarding the crypto market and how it reacts to rallys in Bitcoin. I completely missed the boat with this most recent alt rally. And now that it has happened it seems so absolutely obvious to me. So when the time is right, I will not be making that mistake again. Lesson learned. Live and learn.

(Meanwhile, 3 days left for BTC to hit $1000. My best guess was always today or tomorrow, but we will see. I wonder if its just going to happen in a split instance or if Gox is going to tease us for a few more days?)

It's a nice concept but I prefer holding over trading. Holding never got me out of the BTC game. Trading on the other hand...

any theory what happens when litecoin crashes, how would that affect bitcoin? (doubling value within 2 days...wtf  )

Exactly! But I'm posting for my future children and grandchildren Hi there! Cheers from 2013!

Where did this video show up? I'd like to know how old it is.. The pumping is now being directed to the dumb masses..

Just posting to show off my new sig.

A break from meme's please.

The amount of 'double bottoms' i've had to hide from my boss almost got me fired  

I guess i agree with you, you make valid points, and true i prefer it that way as well, i was just thinking it becuase as i see it works kind of like this way the backd up   Gold/Silver --->>> Currencies --->>> Bitcoin value?,   *correct me if im wrong

while the direct backup for bitcoin is the hash number of each?

or am i just tripping

Let's be clear. Bitcoin isn't a currency or a store of value, it's just the crack cocaine of speculation.

I think because so few posts these days have any real value to them. Most of this thread is filled with just noise these days, very little debate or even discussion.

true, I noticed he follows a pumper on twitter.. https://twitter.com/fontase

Are you talking about max keiser? what is this twitter? are they manipulating the market?

Thanks for explaining, i thought he'd have enough money to not even be bothered about bitcoin but wanted to preach it for the good.  So now i have to look at him as a profiteer and not for the good of bitcoin? 

Lots of people begging for coins there:)
And this:

Public Note: Algerian prinCe, pUre unOBTAINium SHARE, B4 Culture requIres me to pay 5.55 btc, RegretFUlly Gorillaz ate wallet, leNd me COIN i will RE-PAY you ASAP, trust U share with fellow *Wo*MAN IN NEED... Know U red-it & know Y wii-CU

Edit:  How do you make these images smaller when you repost them?

Wow, big buy on Gox (17 btc).

Oh, who am I kidding.  It's dead out there..

Does this rally not look tired to anyone here?

We are just slowing down in this altitude. There is no real upward momentum.

Wednesday is almost over and we have retraced most of the highs. But what happens now? We just shoot up into the stratosphere?

I still have my doubts. Becoming a more modest bull at the moment.

It's natural to get nervous/paranoid when the price goes up so quickly, even if you're confident in the underlying asset/currency.  Realize what is rational though given context, news, momentum, etc.

Oh, and change in perception (media angles, finance world, public comments....).

One final correction to 1080 before next leg?

So they just discovered bitcoin and "analyse" that the fair value is precisely 10% above yesterday's value, 5% above last week's ATH

I want that job !

From what I read, it is only Bitcoins that create issues. So we do speak of an influx of BTC only. I“d say, once these coins hit the exchange, people are going to sell. My guess is <985 once issues are fixed.

You are right, there is always room for speculation. Lets see how this is going to turn out. But why would you deposit BTC on Bitstamp anyway ? To keep them there ? Those people were hoping to sell at higher prices...

Wow.

And I'm already letting myself imagine that I could've called the bottom on that if I'd been holding any fiat.

We will, and even lower. Monday is quite far away....

I will buy $10,000 worth of bitcoin at a market value to USD between $15 and $35 which is fair value for the currency..everything above that is absolute bubbly.....I congratulate all those who got rich from the boom but the bust can be extreme..

Does that thing have an ejection seat?

You just bought that thing! 

Same here, I own a 13 year old Honda Civic since 3 years now. Never had anything break on it, cheap as fuk to drive around in...

Beats me why I would spend hard earned money on a status symbol like a fancy car. Even if I was rich i'd probably go for something midrange than a Ferrari or Porsche...

True. But if everybody in the world was hoarding like a maniac, there wouldn't be any economy, any jobs, any leisures.

I'm not sure if I can bring myself to buy big at this moment, but you guys go ahead...

Yes it was surely breaking 1250 and having another leg up with with a solid correction behind it, before the news.  It is very interesting to see how bubble pop dynamics are precisely played out on the chart when the event was actually news driven. I would never have said we were in the "bubble phase" of the rally yet because there were healthy corrections.

this explains btc-e's recent surges

Finally, sold once @the right time. Now we can go down please 

Thank You!

So from the chart it means there are more people waiting to sell above the current price than there are people wanting to buy below the current price?

Is the chart Gox or another exchange ?

BREAKING NEWS:  Krusty the clown mentions Bitcoin on the Simpsons.

Updating Price Target: $2200 by Christmas

According to about 19 Reddit posts, yes.. true storaayy

http://www.youtube.com/watch?v=NIs-K3kUUZg

Krusty Clip

Forgot to buy?

The time to sell was at 1100-1200. Buying had really died down, and the tops were flat. You could kind of justify selling at 950 now, I guess, but if you sold at, like, 600, that's kind of silly. Even if you think it will continue to go down, at least wait for the almost inevitable bounce.

Don't worry, I almost always am.

On a side-note it's quite ironic. To go even longer on leverage I would have to sell first in order to be able to put up the collateral.