Oh, for fuck's sake. I hate talking about stuff like this.  Why are basketball players disproportionally black? If I even suggest it's because maybe they have genetic characteristics that make them on average better suited to the sport, then that's racist. It must be a cultural thing, right? There's no genetic component to anything? Is it racist to notice genetic characteristics or is it racists to care if there are differing characteristics? Norwegian people aren't taller? To say that one race is better than another in some particular way is not saying that one race is better than another generally. There is no "generally". "Better" at what?
 

I'm offensive? How many of you have married outside your race? Brazil sucks because it's filled with Statists. California sucks because it's filled with Californians. Jorge is a pompus psudo-intellectual. I don't even like to think in terms of groups. Jorge does. I was just giving him a taste of his own medicine.

My buddy recommends electrum wallets to newbies, but I haven't seen it mentioned here to protect from at least losing your coins accidentally. Is there something wrong with it that I don't know about?

Looks like we may be headed downward soon. Huobi is slowly inching down.

Any reason for the rally?

It doesn't actually matter.  

What my model does is defines two abstract unmeasurable quantities called the "generalized user base," N and the "value of bitcoin", V.  I then define that these two variables satisfy the Metcalfe Model, V ~ N².

Everything is exact so far and I haven't made any assumptions.  Then I ask: "is this model useful?"  

To answer this question, I look for observable proxies for both N and V that are measurable.   Reasonable proxies for N include "unique address used per day" and "transactions per day excluding popular addresses," but one could also consider subscribers at r/bitcoin or users at bitcointalk.com.  In fact the more proxies for N that show self-consistency, the stronger my model becomes.  A reasonable proxy for V is the market cap of bitcoin.  

It has already been shown the the model is useful, and that it is in fact reasonable to infer that bitcoin's value grows as the square of its generalized user base.  Realizing that I am using the terms "bitcoins value" and "generalized user base" in a technical way, the task moving forward in time is to find ways to estimate N that simultaneously support the Metcalfe model without stretching the common-sense meanings of the words "value" or "user base."  If we have to stretch common-sense too far, then the model will no longer be useful.  


This is how we make progress in theoretical physics.  A good example is Newton's Second Law: f = m a.  A lot people think that this is some discovery about a "fundamental law of the universe," but it is actually just a definition.  The net force acting on an object is defined by humans to be equal to the product of the object's mass and acceleration.  You could equally create another "law" that says f2 = m v, where v is velocity and f2 is "force 2.0."  Both are correct by definition, but only one is useful.  If you calculate the "force 2.0" of gravity, you'll get a complex mess; whereas the "force" of gravity is an elegant equation.

Well it's unlikely that they will sell 380,000BTC for the full $173M they are worth. Someone will get cheap coins

agreed. you think this MIT thing is gonna flop as bad as auroracoin?

http://venturebeat.com/2014/04/29/mit-is-about-to-become-the-worlds-first-bitcoin-economy/

it will be interesting, bitcoin transactions are not that easy, and it would be funny if they all just cashed out for beers and eats at the local pub that accepts it (you know there will be at least one)

It's what I would do, back when I was in school  

:edit: come to think of it, it's a pretty ballsy experiment. Throw half a million dollars worth of internet money at a bunch of young kids and see what happens.

i gotta say im still quite convinced about that :


you guys that seem not to agree didnt come up with as much material to support your point of view.

Find specific accounts being used for bitcoin trading and then cancelling them is a task ahead of them that they have to do work for and perform. However, it is easy to simply post a statement. The May 10 deadline I believe is just a deadline to make statements and not actually close accounts.

You are quite hilarious, and to be somewhat serious, one of the problems with bitcoin seems to be that through time there are going to many bitcoin HODLers taking bitcoins with them to the afterlife, until we get some better security vehicles.  I think that if I croaked today, at least half of my bitcoin stash would become unclaimed.  Even if I suffered from some memory loss regarding my bitcoin would cause significant recovery problems.

I am definitely looking forward to better bitcoin wallets.

- they told us to go to hell in the earliest opportunity
- after complying, the bitcoins were secured and we did not find any transfers made in the meanwhile

No, that wasn't 6 months ago... It is all mentioned in the coindesk article.

http://www.coindesk.com/ebay-ceo-actively-considering-bitcoin-integration/

do you choose to go the the moon?

Muslims actually dont mind him.. its terrorists hes after. They know its a problem in their culture.
Still i wouldnt be surprised if modi went full pro bitcoin and India took charge.

I think he is far less conservative than the last party.. which is why ppl are celebrating there. I think its bullish for us.

No surprise there - after all we've already witnessed your remarkable ability to twist, bend and distort the facts in order to reinforce rather than challenge your own world view.  It seems quite a common trait amongst entrenched dogmatic academics.

I just asked for the NF at the shops for the reason that I explained, and certainly did not imagine that it would cause that reaction.  In fact it took us a while to realize that we were the "tax inspectors". 

It must have been the whole street, people obviously did not know who or where those "tax inspectors" were, and did not wait to find out.

Not quite "proud" but you must agree that it was a quite memorable experience.

There is one idea in crypto-currency that is unquestionably good, but most parts of the bitcoin protocol are "good" only if one subscribes to the libertarian dogma that banks and governments are evils to be removed.

I have nothing against cash. I pay most of my meals and small expenses with cash, some with credit card. About 200 USD/week, which I get from ATMs on campus.  My wife manages the rest of my salary, not quite sure how.

As for being an NF fan -- no, I don't usually care to ask for it in my private purchases. Most stores do provide it anyway. Often it is just a common cash register receipt, but printed by a special printer that also prints the tax audit copy in a continuous roll.

(Although I should be an NF fan, because the budget of our university  comes specifically from the São Paulo State sales tax revenue, and stores who do not issue NFs are evading that tax.)

man, that was crazy times.

you ask that to a bitcoiner, and anyone who was in the game at that time will remember where they were and what they were doing.it's like louis armstrong on the moon or JFK assassination.

personally, I found out about an hour late, and I was just glued to these forums. I read all the pastes from the IRC chat, and the discussion threads they spawned, and after 4 or 5 hours, it was pretty much over. it was kinda cool how quickly consensus was reached.

the motives protecting bitcoin are so simple and so strong, smart contracts and bitcoin-denominated assets and all that is just a side show.

Bitcoin should just stick to being money, and just get rid of everything else.

Money is what moves this world, after all.

doh!

maybe it was neil? or maybe chuck norris?

I can't remember, I wasn't alive back then, and I'm still skeptical, just like the prof  

Can I change my vote on the poll now?

I've seen the future. The price will bounce around 500-700 for the next couple of weeks and then a positive Bit-License thing from Lawsky will be the rocket fuel to make Bitcoin go batshit insane again. Mark my words, $2000 by July 

Capital controls actually make bitcoin more attractive to wealthy chinese than to wealthy people living in free capital countries. People in free capital countries know they can enjoy their money wherever they go in the world. People in China not. What is better for them than to hold some of their wealth in BTC ?

omg i missed this soo much

we should do this ever sunday

I LOVE YOU GUYS


who need a beer?

post your BTC address

Anybody get a circle.com invite yet? 

From my understanding, you have to go to their website to request an invite, and I made such an invitation request about a week ago. 

However, I have received No invite from them, so far.

I would also be curious whether anyone has used their service(s) to purchase and/or sell bitcoin, yet.

I never send 0.01 BTC without twice checking if there was some error in the copy and paste process

Circle told me that I am approved for an invite and that they will be contacting me shortly.  I'll let you know when it happens.

in the u.s., hold everything in a roth vehicle.  requires foresight.

Without altiloquative pleonasty I cannot render material the ultracrepidarian mordancy with which I esteem the prestidigitative prodigy of your quincunxical perspicacity in articulating the obvious.

duh!

I think you're absolutely wrong. Many high net worth individuals have come out to say they own bitcoin. We also have funds like second market, and more in the works. These people do not nor would they buy bitcoins on any of the exchanges that exist today. They would again IMO go to the major holders of today's Bitcoin and secure OTC purchases. They might even go to the major mining pools and buy direct. It wouldn't surprise me if a mining pool has already secured contracts to sell so many bitcoins at a set price over a period of mining to some key players. Everyone has an eye and a toe dipped into bitcoin, it's to risky not to, and when the time is right we will see what they want to do with it. One thing I can promise is you and I have no control, all we can do is sit back and enjoy whatever ride we are on.

From your description, those fees seem better than what Coinbase has been providing.  Coinbase is 1% to buy BTC and 1% to sell.  Plus $.15 per transaction. 

Coinbase's prices are also usually within a few dollars of the Bitstamp price, and frequently, it seems impossible to take advantage, exactly, of the most extreme BTC price fluctuations of Bitstamp b/c of the seemingly delayed responsiveness of Coinbase's pricing.

I am looking forward to receiving an invitation from Circle.com, and to see how that plays out.  Since they are proclaiming to have zero transactional fees, it will be interesting to see what kinds of restrictions that they are going to put in place in order to disincentivize China-type high volume and frequent trading.

We have been in a flat triangle since June 1st.  The trend was strongly bullish as we entered.  I expect us to leave this triangle within the next 6 hours or so.  We should break out to the upside and head up to at least the 750 area before taking a break or continuing up.

It looks like we're in for a few weeks of stagnation.

@justusranvier, it doesn't work that way.  It's the pool that is holding back the blocks not the members.

Fuck this market

Don't anthropomorphize the market -- it hates that.

words

I'm NOT sure what you mean...?

For one thing, I have an imitator, poster, which could also be someone in the thread.. I suppose.. and additionally, you snipped the content of the referenced post, which was from me... and that referenced post shows my current post count as in the 1800s... which seems accurate...

Unless you have some kind of glitch on your end, my activity level is currently 140 and my current post count is 1851.  Maybe restart you browser... ?  hehehe...     or change the battery on your mouse.. 

Some of us, rather than cursing the dark, are trying to light candles, with varying degrees of success.  It takes a pretty vigorous crap filter to glean anything useful here, but there is such as thing as exogenous input stimulating useful thought.  By voicing opinions, members stimulate each other to think about aspects of the situation which they might otherwise neglect.  If the stimulus is misleading, that is unfortunate, but a vigorous crapfilter should avoid most of that downside.  The worst part is the time-sink aspect.

You may not read this.  I know you don't like my monkey.  The monkey is a metaphorical monkey, used to voice signals derived by means I do not wish to disclose accurately or justify rigorously.  I find the signals useful, and it does not require any sort of faith in the monkey to observe its signals over time.  I know that some members have benefited from awareness of the monkey's moods, as have I, otherwise your complaint would have sufficed for me to silence the monkey here.  As a third-party reader I would accept the monkey as another source of stimulus for thought, no more and no less.  I regard the other members of this forum much as I regard the magic monkey.  They are a source of highly structured signal, which serves to stimulate thought.

Freedom requires possibilities.  Our possibilities are limited  by our awareness, oftentimes.  Exogenous stimuli often serve to draw attention to those possibilities, and thereby compound our freedom.

From gold.  Silver certificates could no longer be redeemed for metal after 24 June 1968.

IIRC we made it to the moon in July of '69.  Also, I think the U.S. median standard of living peaked about that time.  

MLK Jr. was assassinated in 1968, Nixon elected, Timothy Leary arrested. Elvis went to Las Vegas.  AIDS came to the U.S.  Overall the end of the '60s was a very unfortunate turning point.
But the deathknell for mankind was undoubtedly captured on videotape, thusly:  What's New Pussycat?

So... No moon without commies?

I was asking for it this time.  Hey,  people were just complaining about too much politics on here.  I figured there are other things to discuss.

What's up with this thread - or is everyone off worrying about the correct XMR:BTC investment ratio to hodl?

(Disclosure: Am up to about 50:1 but seems I am a pussy compared to the hardcore crowd). 

Even Aminorex seems to post on Poloniex trollbox more than here these days. Sadly, as I like his posts here (and have to admire his sheer eloquence)

Off-topic, too... Risto's Monero Economics thread here is actually interesting - usual Risto stuff (pyramid of holders, predictions of riches etc...ego) but he's never gone off on an alt coin like this before.

LTC now looking pretty sick - seems 'No.1 alt' crown is looking like passing on.

Sea change...?

I'm making arrangements to drive the price down by the end of next week.  The drops following my buys have been amazingly consistent 

I'm glad I was here again@7777.
Something to tell my grand children later
Edit:

7777 confirmed

That Soda restriction legislation news got a lot of press, too, but I think in the end that legislation did NOT withstand the test of time.

But, back to NY bitcoin legislation, it seems too preliminary to be having such a negative impact on the BTC price - even though rumors do have negative impacts.. .

Anyone watch the video?

I like to walk but I still use a car... even a plane... or a helicopter...  same as I like to read paper books, but also have an ipad and use pdfs...

Point is not that you will have t use virtual but that it will be there..

The few areas that Ray K mentions in the video are only a few "fun" and quite trivial examples in the bigger scheme, and also the reason I posted the video was more just to say world is changing and the problems we have today may not be the problems we have tomorrow..

But I hear what you are sayng... I love to walk and trek and get out into nature... and feel and smell and touch nature, people , animals, touch and smell the flowers and the coffee too : )

Though if you are receiving the digital information directly to your senses, and the quality was good  then you would not be able to tell the difference once the tech was good enough...  in fact you could be living in a "simulation" right now (check out simulation theory)

I coulda sworn I had falllling on ignore. Does he just keep registering more accounts with more l's in the name?

eBay payment unit in talks to accept bitcoin.

http://online.wsj.com/articles/ebay-payment-unit-in-talks-to-accept-bitcoin-1408052917

More good news about Winklevii ETF

http://www.bloomberg.com/news/2014-08-15/spiderwoman-brings-hope-to-winklevoss-twins-bitcoin-etf.html

Yet the price falls.

Your game is up, Mr Margin Call!

The recent low seems to be the fallback price of the miners. I doubt we will go lower than that as many miners must be mining at a loss already - with even more and more hashing power coming online shrinking their income.

How many dumpers are left after a nine month bear market? I don't know except that there are less than there were yesterday and far less than last month. at some point, the trend will reverse and it's possible that it already happened. I don't know and this isn't a recommendation, but the longer we go sideways, the more bullish I get.

These are the times that try a Bitcoiner's soul. Every time this happens--on average once a year--I get amazed at how painful it is.  This is the kind of market that separates the men from the boys. I've been monkey-hammered in trade after trade, so I forget that I'm still up over %10,000 in fiat terms from my original investment. Bad things seem to happen all at once, and my personal life and net worth get crushed simultaneously and every time I have to slowly claw my way back. Many of you are in a similar situation. Take heart. We are making history.  If this trip throws your life out of balance, then take a break. we'll still be here when you get back.  I was up to two cartons of cigarettes a week and letting my life go to shit. That means I care too much to make objective decisions.

I'm still bullish long term, but I just don't what's going to happen next. I just know that I'm either going to make a lot of money or I'm going to learn something. I can live with that.

<snip>
Life is far from fair, but everyone reading this at least has an internet connection so you should probably be happy life is unfair. You are likely a beneficiary of that unfairness if you look at the big picture.

So anyway, we're just a few days away from an event that should begin to provide buying pressure to Bitcoin.  Still a chance we could go a great deal lower until this happens.  After that, I expect the ramp up that began on 10/2/2013.  I'll let you know when the day hits.

Bitcoin is about to race up to $1500 very soon. Something is brewing and it's not the news which will trigger it.

Is this confirmed?

ah fuck this

* cutting looses *

09/29/2014
Circle Opens Doors to Global Audience
By Jeremy Allaire
After months of working with customers in an invite-only phase, today we at Circle opened our initial service to the world.

When we set out to build Circle, we imagined a new kind of Internet-centric consumer financial service, one that the average person would find enjoyable and powerful, built on the promises of Bitcoin – instant, global, secure, free transactions.

For our initial product launch, our aims were simple:

Create an experience that is fast, beautiful, and enjoyable to use. Online banking applications stink. We wanted an elegant design aesthetic that would appeal to digital natives.
Reduce the friction that so many people – even sophisticated, technology-savvy people – often experience in acquiring and spending Bitcoin. Starting today, people can onboard into a Circle account and begin using digital money within minutes, not days. And Circle eliminates the labyrinth of fees and complex user interfaces designed for traders.
Make digital money the same as other major Internet services for consumers: instant and free. We wanted our service to be instant for onboarding, instant for depositing and converting money, and nearly instant for sending and receiving payments – anywhere on the planet.
Global Support

In addition to the core features and goals above, Circle is now available in seven languages, which collectively cover approximately 40% of the world’s population. Circle’s site, product, and customer support content are all available in English, Chinese, Japanese, Portuguese (Brazilian), Spanish (Latin American), German, and French – and we will add more languages as we grow. It’s a good start, but we plan to add far more capabilities for international customers over time.

Insurance Clarity

Back in May, we were excited to announce that we were offering customers insurance from theft on 100 percent of their bitcoin account balances. Since May, we’ve continued to build out our insurance program, acquiring more underwriters for both our online and cold storage / offline assets. Today we offer this unprecedented insurance coverage to every Circle customer. Circle customers will have 100 percent coverage of their full deposit value. Our insurance broker is Marsh, one of the largest insurance brokers in the world. The underwriters for this insurance are all highly-rated. Insurance on Bitcoin is a new market, and we’re proud to be a market maker in establishing this valuable service to users of digital assets. And this 100 percent insurance covers deposits for any user in the world holding bitcoin with Circle.

Native Apps Imminent

In addition to the general availability of Circle, today at the Sibos international banking conference, we had an opportunity to sneak peak our new iOS and Android native apps. While these are still in beta and not part of today’s product release, they’re a critical piece of the puzzle and companions to Circle’s Web-based service. We’ve been hard at work on these apps and hope to make them available to everyone soon.

Thank You!

Over the past months, it has been exciting to see the Circle team grow and to see our product, operations, support, legal and compliance, security, and finance teams execute on launching our service. Importantly, though, we are just getting started. What we’ve delivered today is the beginning of an arc of innovation that we hope to keep delivering in the years to come.

We’re excited to invite you to become a customer, and we look forward to your feedback, questions, and comments. We have a lot to build and learn, and we’re excited to iterate in the market together.

Thanks and enjoy Circle!

- The Circle Team

https://www.circle.com/en/2014/09/29/circle-opens-doors-global-audience

Bitchick, the morally superior christian is one of the most money greedy people to post here.
Typical christian behaviour. She is also extremely simple minded.
She disgusts me. Everything about her does.

It is a part of one of the weirdest contemporary dance shows that the wolrd has ever seen... if you want to see it then here is the link....


http://youtu.be/FbuluDBHpfQ

It is the kind of thing that I would have love to have gone to, when I was younger and taken mushrooms and just lost my marbles laughing at (30% laughing at the show, and 70% laughing at the fact I am laughing whilst surrounded by hundreds of serious patrons trying to get their serious on)

Enjoy...  

(ps I like the two ladies that are like stags fighting, while the weirdo on the skateboard thrusts on by....by like I mean it normally makes me lose my shit and start cracking up)

ok i lost  almost FUCKING $200000 with mtgox and now the downtrend!!
what kind of drugs you recommend me?

the wine is helping

price is moving up!

289 on BTC-e  now ....

Wow I was patient and was ignoring the price dump for the last 4-5 months but now 

Is it the end?

Dump that shitty fiat you bag hodlers!!!

When we reach page 10k we'll hit another ATH.

Write my words

i just stopped here to make a buy,

back into the time machine i go.

going up and down too much per day. manipulators feeding on peoples longs and shorts.

She just wants to be brokeback mounted.

Like this:

Wow. 10k. A moment in the history of time wasting forums.
bitstamp is at 363 btw. Why was that not even in the range of the poll? Btc has barely moved

lol this is getting too funny. We actually made it to 10002 but back down we go.

You are too late to the party.

Guys we have a classic Eagle's Wing Support  TA formation, GET READY!



http://i.imgur.com/W1ctkWx.png

Thanks... I read that fable when I was a kid, it may be from La Fontaine...

Let's send that XBT straight to Stratos!

https://www.youtube.com/watch?v=xAwgw-jk9PY

FTFY  

It´s the complete 1d XMR/BTC chart from poloniex, it starts somewhere in early July, there ain´t anymore available data on bitcoinwisdom.com. Dat "upswing" that happened is already included in the graph.  

>artificially pumped

If pumping means "artificially inflating the price," does "artificially pumped" mean doing it naturally?

Hmmm Jayjuanmagee sure does post a lot, he must have a lot of great comments to contribute to this thread. I wouldn't actually know because I muted him long ago due to his constant spam, so I haven't got a clue who he is talking to. Maybe to himself? That would make sense, considering he has four constitutive posts on just this page alone. Who are you replying to jayjuanmagee?

Oh wait, I do NOT care, I can NOT hear you. Because you're muted.

Lalalala

But seriously, maybe you should calm down and consolidate your thoughts into a single post instead of this constant barrage every day all day. I suspect the quality of your posts would increase, more people would take you seriously, and fewer people would keep you muted.

Does it mean that we are making up and calling a truce for now, or you wanna continue with this crazy back and forth illogic?

Sure. Of course.

Which way do we expect the price to swing over the next week or two?

We've gone sideways for a few weeks (give & take 10-20 dollars or so).

0.501 buying bot is re-activated on bitstamp. I think I remember a bot that did something very similiar a few months ago too, but not sure if it was during the last mini-bubble post-november 2013.

Woot made some money! Sold at $378.50, now lets short for a few mins

ALl you need is fiat to buy more.

Do they still have 0 fees

I was yanking your chain Jorge...

However I do believe all of the people on my list , are well how can I put this....... people?

I never said people do not buy now did I Jorge?

It could have been Kimmy, or, it could have been one of the other 7 billion people on the planet.... just maybe but do not quote me on that.


(edit- Jorge, it could have been someone that really wanted 50K of bitcoins, and has been waiting for a moment to buy, and has decided for various reasons, this was the moment he/she/they were waiting for, and so they bought, it may even happen again)

The poll is pretty bullish, 56.5% of people believe we are at the beginning of a bull run.

300 today, moon tomorrow!

It's gonna get worse...or better depending on your point of view. We're headed for parity.

MIT Bitcoin Expo Starting now

https://www.youtube.com/watch?v=lIgjogLipvk

Nice, they can sell some of them to me, I am buying on any weakness today. Already scaled back in on the "dip" this morning.

Ok.. this is a little embarrassing, but here we go...

I bought these to carry paperwallets when travelling in the future:
https://www.stashitware.com/boxer-briefs/


(P.S. Don't look at the video on the page.)

Maybe not, but my monkey thinks 250 in a week or so.  Then 380 in April.

I get the feeling there's either an insult wrapped up in there, or a compliment.

Or possibly both. 

ಠ_ಠ

According to Cargo Cult TA we are going down in the near term starting now.

No Donkeys, no carrots.

By lucky you mean soon-to-be bagholders?

Monkey thinks price will be downish until Monday-Wednesday turn starts a steady upward move, but 250 will hold the bottom.

Long term projection?

Monkey want it to go up from now on, with resistance at 276, 378.  If not, the next support is 182, 126.

Don't most people here want it to go up from now on?
 
Cargo Cult TA© report.

After the last sell signal @267 it has been getting close to a buy the last several hours.  Although this doesn't mean it will become one I bought anyway @246.  Part of the reason is that I haven't had much time.  I had a short work day today, only 10 hrs   Let's see if I go 5 for 5

and bulls...I would be seriously worried about those coins exiting darkcoin or whatever its name is now.

mixing is done. if monero is crashing too...well...evo coins incoming.

and those high interest rates for usd swaps arent helping neither.

I think you can trade drk/dash on bitfinex, but not monero. There's more money on bitfinex than the alt exchange, which might explain it.

 

No pumps or dumps might get seen as the markets have gone sideways, seems some stability has come at ~250 as the value has been hovering round to it all the time since months...

Mark Twain — 'It's easier to fool people than to convince them that they have been fooled.'

Good morning Bitcoinland. We finally got a little movement, I see.

$10 isn't much of a dip to buy on but I suppose it's better than no dip at all so I'm glad I was up really early today and had a chance to rush down and buy a few more coins while the price was down.

By the time I got home the skid had slowed and the price had actually risen a couple of bucks. Lucky timing I guess.

How long now before we're back up over $250 or do we finally break below $240 after a week of failed attempts?

In lieu of popcorn I'll just have to make do with Mocha-Java. Mmmm.

And hodl option?

I disagree. I think we're going to stay around the 200-270 range until the end of the year. Maybe longer. There's so much in the works right now to help support the economy. It's going to be interesting seeing how things pan out in 2016+

get ready to get margin called in 3 hours.

Will it break 209 resistance by morning?  Very possible.

new poll
"Even if there is a long squeeze price will bounce back to:"

i vote >220, because if there is a long squeeze at this price, i see that as the final move of the bear market, and then the only way is UP, so immediately coming back to 220ish then starting a gr8 never ending bull run, makes sense.

It was a reaction to the posts above which essentially were "yes I'm in the red, I'll never sell my Bitcoins and if that doesn't work out I'll go down along with it."

Market likes to take the route of least resistance. I probably don't have to tell you which way that is.

This place is dead... Am I the only one with nothing to do on a Saturday?

We going up now?

Some human memories and tearful lore,
Render him terrorless: his name's "No More."
He is the corporate Silence: dread him not!
No power hath he of evil in himself; etc., etc.

Poetry - unmanly degenerate drivel, plied by Jews & other lily-livered pinko homosexuals to corrupt our Satöshijugend.

As refreshing as it is to read these pages "sans tarmi" -- this relentless rise in price is somewhat troublesome for me. I was hoping to have another chance at sub-250 CAD.

Perhaps this post will jinx it all and I might have my wish?

"As low as possible for as long as possible"

 

if everyone in the world wanted just one  bitcoin, how many would you want?

In Bitcoin, running out of cash is like farting in church. Poverty is a sin.

I'm sorry. But how can you live without a toaster?? Serious question!

before bitcointalk down: around 232
bitcointalk down: 240+
bitcointalk back up: 238 and falling.


seems the trolls from here have some influence on prices

I want a bitcoin miner in my hot tub.

maybe the dickheads that own so many bitcoins and fuck over majority of traders need to be bled out?

I'm keeping my 1 BTC because I love bitcoin but you guys are the reason no one is touching this market anymore.

Half of what you said is right, but the other half of going to 0 is insanely difficult.

*wink* *wink*?

But I was speculating about whether we're talking about two Winks ... You know... One could say twin Winks

I just bought some BTC. Think I'll go over to a forum about VWs and tell them this relevant piece of information.

It is really possible to arb BTC with LTC? Or with XMR?. Since they are based in BTC seems like a flawed logic...

I don't get it, empowering. 61.8 % of what? Tell me!

I give it 48 hours and we will either break up or down out of the 240-249 $ range. Quote me on this later.

In 48hours we will still be between $240-249. Quote me on this one.

Do you think the correction is over? I hoped to see at least $230.

why?
some chart ?

My very first car... On blue though; 1.4lt, 180Km/h top speed. Top Fiat machine...

I call above 270 within 24 hours.

If you're not all in RIGHT NOW, you're doing it wrong.

HAHA, we finally got a selfie of trollypop w/ her entourage. Seriously tho, did Adam get his computer taken away by the wife again or is he on vacation? Dude is abandoning his own thread when things are starting to heat up.

Don't think I haven't thought of it.

There are several reasons why I haven't, primarily a lack of direct sunlight due to a thick tree canopy, and the constant risk of theft and vandalism when I'm not here.

I can't leave anything of value that an adult would steal or a child would vandalize. I had to replace all my smashed glass windows with Lexan MR-10 years ago and I'm on my third CRT monitor. I can't believe someone actually stole one. The other was smashed with my splitting maul.

My Honda and my Stihl have luckily escaped vandalism so far (touch wood). They're secured with locks that would require cordless abrasive disc grinders to cut and having my name scribed deeply into every surface (including the engine blocks) presumably keeps adult thieves at bay.

Civilization is a thin veneer and when you get far enough away from watchful eyes it disappears completely. I've also considered various monitoring systems but haven't found a suitable one yet.Hidden battery-powered motion-detecting spy cams with large SDXC storage are my closest try so far.

It's a constant battle.

+1000, you totally nailed it gentlemand.  It's the reason why the U.S. banking industry scoffs right now at Bitcoin, as the banks do more $$ volume in a 5 min period than bitcoin does in a full 24 hrs.

We have SOOOOOOO far to go, and even at 100x, bitcoin would still be an ant-sized market.

Litecoin up, Bitcoin down  wierd...

I posted this last Sunday and I still stand by it. We should be okay as long as we stay over $270.
I think we will and I expect August will be a good month for the bulls  

Gizmodo published the top 25 passwords of 2015 and how much their ranking had changed from 2014. The top one for both 2015 and 2014 is "123456" and number two is "password". Easily memorable (and guessable) passwords are inevitable because anything strong is impossible to remember. How many brain wallets use these awful passwords?

http://gizmodo.com/the-25-most-popular-passwords-of-2014-were-all-doomed-1680596951

and if you get hit by a bus?

I do hope your seeds don't exist solely in memory and you have back ups of them somewhere for either yourself or your next of kin to access.

Someone gets it.

Bitcoin always has two legs down.
Same as during a run up it always has a top and then a lower top before going down. Even if you can't trade on ta. This simply makes money 9/10 times.

what books were printed thousands of years ago??  

bitlicense could very well be a reason here...  

Someone mentioned "hodling" them for a year, and then selling them @ half price, but I don't get why anyone would want to do that.  Why not just flush half of your money down the toilet?  Or would it clog do you think?

Some every day uses I get out of bitcoins listed and reviewed here:
https://bitcointalk.org/index.php?topic=943143.0

I was late but after I sacrificed on the alter we have stabilized, at least for a short while.

Everybody, get ready for a massive dump, because I just bought back in. Somehow what I do always makes the price do the opposite  of what is good for me.

The reason btc is the easiest market in the world to trade is because so many people trade it who don't have a clue what they're doing.

Experienced traders capatalise on this and are buying when you think its going to dip lower and are selling when you think its moon time.

If you don't trade anything else just buy and hold, all you do by flip flopping is give your money to the sharks.

What's going on? Something about a block size?

Does anyone have an opinion on that?

Are we nearly there yet?

My god, it's full of stars!

Looks like there's not gonna be any resolution this weekend. Another good reason to support XT.

Garziks' speaking: https://www.youtube.com/watch?v=TgjrS-BPWDQ

Will Fed hike the rate today? (I don't think so).

And will the outcome be relevant to bitcoin price? How?

Ok guyz!

What should be my target for the oct-jan bull run?

$1800 or $2500?

I think everyone needs to think very carefully before making assumptions about continued lacklustre price movement. When bitcoin went from ~$25 to more than ~250 within a couple of months leading up to April 2013 many would have thought they would never see anything like that again. Those who sold out and didn't buy back in again when it went back below $100 would have been kicking themselves when the big boom happened that following November. Well we're in the same situation right now. If things start seriously unravelling with fiat (and indications are that this is going to happen; it's only a matter of when) there will be a race into PMs and crypto. It's entirely likely we could see another run up that will make the ~$1200 from Nov 2013 look like the $250 from April 2013 (i.e if it follows a typical logarithmic trajectory, a $10,000 ATH is not out of the question).

Bottom line: I would be very careful jumping in and out of BTC at the moment as it could suddenly take off and will catch many out.

1)  I found some fiat so I bought some btc.....fingers crossed

Buying pressure probably dropped on all exchanges when you were done.

Any thoughts on the low volume of the drop?

XT loses, Gavin wins. Core won't give miners all the power. There. Run that through your calc.

Nope, using Bing atm. I know Google is milking us dry for information, but them demanding me to actively accept it is a bit too much. Passive acceptance and living in denial is more my style.

Is it better than duckduckgo?

i don't think we'll see an exact repeat of the past.

What i see happening is bitcoin becoming increasingly useful and the price rising based on that fact rather than speculation, and then exploding to 32,000 after leaching some of gold's speculative/safe haven value.

so this time next year we'll see a solid rise to ~2,000$ and sustain that value, will take millions bought or sold to move price up or down, we'll see counrty A making a deal with country B using BTC, OIL for BTC or something, then Billions of grams of gold will start buying bitcoin KABOOM 32,000$ maybe 320,000$  

I think the next rise or "bubble" will be like nothing we've seen before because this time it will be different, this time it we wont be speculating bitcoin is the future of money, we'll be pricing that fact in.

we may see a bit of a dip on the second run up as bitcoin mining / full nodes become more institutionalized people will be crying out "bitcoin is being centralized by big corporation! this is the end bla bla bla " but infact this is the natural evolution of the tech, early adopters will not like the idea that bitcoin has grown so big that individual nodes / miners are ran by countries and large institutions, and so they will leave to join dogecoin or some shit that will never grow past the "home users form consensus" model. this will all happen so fast, in 2-3years time, there will be much confusion, its important to remember that bigger is better! and bitcoin isn't "centralized" simply because it requires a large amount of capital ( 3000$ computer + high end internet connection ) to participate in its consensus layer.

the big question is how will have more power, China or US.

Gemini Bitcoin Exchange of Winklevoss Twins Gets NYDFS Approval

http://www.newsbtc.com/2015/10/02/gemini-bitcoin-exchange-of-winklevoss-twins-gets-nydfs-approval/

Cryptsy is in the top 5 companies being investigated. I wonder if Bittrex and Poloniex are also in the top 5, and if I should get my Bitcoins out of them ASAP? Are the owners likely to go on the run to Mexico after dumping all the Bitcoins held on those exchanges? I assumed the feds would arrest them before revealing their intentions to prosecute. As it stands the Cryptsy owners know they face prosecution months in advance, and the other exchanges know they could face prosecution soon .

dump..

bitcoin going up now because massive people are buying bitcoin right now because of the auction .. or maybe its cuz its the holidays ..... or maybe it is being manipulated by someone whose business model doesnt support bitcoin staying low prices very long.... which do u think ?

Real news:

Bitcoin Price Hits Highest Level Since August

  

China decided to go to the moon alone 
6$+ between Bitstamp and China.

So Sell ?

Maybe it would be like localbitcoins or bitquick, but without the centralized website.

Have not followed the decentralized exchange topics though.

That's because they're a centralized entity subject to NY laws. A decentralized computer program would not have that problem.

Edit: I actually wouldn't be surprised if OpenBazaar is used by some people as an exchange. Come to think of it...maybe I need to work on an "exchange store" on there...

It's a catastrophe!

where do you get 245 from ?
it may drop to 255-265 then rises to ath... everything is possible

YOu are full of conspiracies today, including repeating, nearly at nauseum your Gox Bot myth.

Ah come on. As if all bitcoin buyers/investors come here to spread and buy the rumor.
This website is usually a pile of shit. Most bitcoin investors I know do not even come here or even know it's existence.

Go time

Only 4.8% are right

I'm waiting for +50% of the posts to be someone else than me, lambie, stolfi, LFC and BJA.

Then I will go into full retard bull mode.

Sounds like tarmi. Was it a Yugo?

Uhhh big dump on bitstamp  

You can also take a look at this:

https://hypron.net/bitcoinwisdom/

Actually, I was tempted to do so when each coin is valued at $305 each yesterday. I woke up to see $310 tonight and I'm glad I didn't pull that move. I just hope it won't pop soon.

Yeah, 'cause "[a] foreign substance is introduced into our precious bodily fluids without the knowledge of the individual. Certainly without any choice.".

I think this is the part where everyone runs around confused and most people get fucked over.

Does anyone else feel that we all just went back to 2013 and the feeling that the possibilities are endless with this price increase?  It's going to be insane to watch what happens at the $1,200 resistance point.

Ooh wow. It's starting to get entertaining around here. On a side note, looks like our baby is lovin' $320 and don't want to go down.

You still buying?

I am hesitant to buy above 400 CAD...

I am wait, hope Tami is right, this is not the end for accumulation period.

I hope...

I sold a small part of my stash at $390. Not sure if I should buy back with it...

Hey hey who cares look at the price

Bedtime for me right now. I'll be up in 7 hours or so.


Any ideas where we are heading during these next 7 hours and any guesses what it'll be when I wake up?

My guess based on absolutely nothing is $415 (U.S price not CHI)

Night Y'all!!

Don't fuck up my riches while I'm sleeping!

Crap, it's breaking up, more moontalk in this forum...

Every time I open bitwisdom I am reminded what the price was 18 months ago when it was the first thing I favorited on my new comp.  $445.75

Well you see...many on here are extremely naive and believe they can affect the markets through their comments...while the others can't think for themselves and need reassurance on a regular basis.

Pretty sad really.

I can't tell you what to do. Me? I'm gonna wait a bit, hope the irrational enthusiasm wears itself out...

Bids starting at 420 CAD and getting larger if we can go lower.

Isn't calling Lightning like solutions not Bitcoin kind of a stretch?

What is 'gentlemen' tonight?

Anyone with an average below 300 considering buying more? If so, at what price and how aggressively do you plan on buying?

We still are a long way from the halving and what I am hoping to see is a consolidation in the 300s instead of the 220-250 range.

This is nothing.

10 geniuses  vs half a million retards.

it's going to be interesting.

I get bored easy

We're all fucked.

No. What he likes is everyone elses bitcoins.

Lookit! Can we please just come to some sort of consensus about what is going to happen in the immediate future regarding the price? It seems to me we would all stand to benefit under such an arrangement.

captain obvious hullo!