Hm i wonder if i should hold over the night .

I'm mulling over the idea of SMS price alerts once I implement non-USD currencies, but maybe a native iOS and Android app would be a better idea.

I just made .3 btc on stamp from the move.. why the hell don't they have a unified screen where you can cancel and place orders, too many clicks navigating around the site.  Otherwise, I am digging stamp, way cheaper commissions = I can make money and not just give it all to gox.

The UI needs help though way too convoluted to reach your open orders unless i'm missing something.

Step one: The public is starting to form an opinion.  That alone is positive.

In my straw polls, I am coming across an increasing frequency of folks that have at least heard of Bitcoin.

I never realized that was a Gox "exclusive" lol, but yeah, I wouldnt use an exchange without 2 step..

If SilkRoad == down and Bitcoin price == up
does it mean that SilkRoad == up, Bitcoin price == down?

So, probably a stupid question to ask to all the bulls, but do you think there's a chance we see 300 today? Should I rebuy back at a loss?

What are those red numbers.... 

How do you know that fresh funds just cleared?

kicking myself for not having 3 times the coin and losing faith of the past 6 months. what an idiot, what can you do.

I think my new strategy is if this goes down to 100$ just buy more and hold. I fail at trading and bitstamp is my new home and is unreliable for trading anyway.

same here. still hurts, but not as much as loosing BTC

The old man has been awed by this latest rally and almost considered waiting for higher prices.

"I feel it will go higher but the plan is in place. Discipline son. Discipline."

He has moved another 100BTC onto an exchange....

♫♪I don't care, I love it. I don't care.♫♪

We're going to become rich guys!!! 

You could always donate them to me!  ;-)  It would sure help my .19 BTC wallet expand slightly...

I love the positive attitudes, but I gotta be real honest here.. so much talk about giving BTC away WHEN we hit some future ATH number... How many times have I heard that already?

If you were not giving them away when the price was $30 or $120 or even now at $350, you will certainly NOT give them away at 10k.

If you are truly in the business of disruption, the time is now. Not when we are all rich.

If there is a battle for disruption between Hoarding vs Spending, SPENDING will be more disruptive 99 times out of 100.

Everybody are waiting for monday, I would not sell and maybe not even buy in this situation =)

MADNESS

+1 we haven't had a real crash for a long time.

Miners, y u no sell?

(They will eventually)

No - I meant on a whole weekend - maybe 20 hours of red-eyed watching candles - altogether!

EDIT: So, no it wasn't worth it- I am not a great trader, even after studying this stuff since earlier this year - anyone smarter than me might have...

read more trade less or youre going to lose a lot more money

China rallying all on its own   

You need to earn 15% profit in a row for 40 times to get 25000%. That's really amazing. How many flash crashes do we have since April?

I was just talking with an employee at Bitstamp and he told me they had a broadcast delay, and everything should be working now, I can try send some BTC my self and report back, but BTW why didnt you open a ticket and if you did what kind of answer you got ?

So the guy on Stamp sold his 1200BTC for $700. I think he's going to end up regretting it.

I missed by $40 (put it too low).  Not sure if we won't revisit though.  

Haha, I guess you are having a terrible time now. I couldn't do it without cigs at moments like this.

I hate myself because I removed all my low bids in order to buy "cheap coins at 950"
life sucks ..
but the most disturbing is that gox has my fiat transfers pending all I need is to cancel them..
I feel fucked even more by this

I am right now going insane
I need to chill out
I will go  for a  walk or somewhere

Alright, off to bed.  I'd rather it was higher when I wake up, but honestly I'm not too bothered.  I'm long long, so blips like this don't really faze me anymore.  I got all the fear out the first couple of times this happened, several years ago    Actually feels pretty liberating

right, so I'm hoping that this is the dead cat bounce which might confirm that we reached the bottom, rather than a sucker's bull trap. Either way, I would be amazed if we don't revisit 500s by the end of the weekend

I wish I haven't sold earlier, it would be genious to do it now

If i would be the one who sold @650~ i would be buying back now

Then the worst strategy is when you try and trade, get it wrong and end up with less than what you started with. It's a mistake to look at the past and think you could have predicted it unless you have proven that you can do so.

my prediction is that from this point we will be going only up, why ? I don't know just a feeling, kind of the feeling I had yesterday that we will fall so hard...

I'm not sure it's CCMF time yet, but it's definitely bullish.

Or at least more bullish than we've seen since before the bungled "China bans BTC" news fiasco.

700 sell wall on stamp from nowhere 

So who sold at 570$?

Bearish Pendant?

if we did, you'd think "why buy now? It'll go lower"

I've been there. The worst type of sell is the "damn, i could have sold at the top but didnt, lets sell now and hope it goes down"

It has the characteristic of an dead cat bounce.

http://thepatternsite.com/dcb.html

But nobody knows.

Uncertainty.

Didn't you buy in? Or have you sold again?

has mac gone to bed yet? I need to get some bids in. When's the rally? 30mins?

Dammit - why did you sell? I sold earlier (roughly similar to your initial sell point, but on Btc-e) and was wondering whether to buy when you bought. Now you had to go ahead and sell again and mess it all up

IMO, just stick to your guns now. At this rate even if you make some profit trade at some point it will come to nothing.

Nice to hear you cashing out and enjoying. Far too many people in here are waiting for the big prize and missing out on all the benefits money could have them right now. There was this guy who cashed out millions, paid his mortgages and virtually retired.

i think alot of people missed the multiple 15-25% drops that happened last week, and
think "hell, i wont miss another one whatever I do" and just wait. They know it can be bad
to wait in the end, but its not enough to stop dream of that lower buyin

Good morning Nemo1024.  Please do some heavy duty buying or selling.  Preferably on BTC-e, but if not then perhaps the others will follow.  Many thanks.

Lots of money and little activity!!! Everyone is waiting for cheap coins and/or weak hands!!!

Can anyone guess what will happen?

I am waiting for the day you will come here and post saying your play money has gone to 0

Guys, difficulty just jumped up by 200 mil!!!  

Why would I have sold lower? I sold before the initial burst when it went to $900 - I got out about 15 minutes before it burst at $770. I bought back in at about $700 and sold before the burst again at $1228. It was obviously not going higher, so why let my profits disappear?

I'm thinking of changing my sleeping hours. Nothing ever happens when I'm awake. Might go for a nap now.

It's 1.63 per liter of gasoline here, or $8.44 per gallon of it! Do you need more explanation?

Ok Market order, I'm all in. Now is usually the time when the whales dump  

Yes, bitcoinity, i286 and bitcoincharts too :/

Where to follow price now?

No kidding.

+1

It all went so well, until I thought that we started on a new leg of downward move and sold. Guess at what price?

Any predictions on movements in the BTC markets in the next 24 hours?

Just wondering who else here tries to actually keep up with reading this thread? It's a chore, but I always enjoy it. I might read 10 or 20 pages when I wake up or middle of the night, or throughout the day, but then I don't find much other time for other threads here. Anyone else feel this problem? 

One should never go full fiat

I am sorry you chose to learn the hard way.   We tried . . .

By the way, since you seem to like the risk of trading, where I just can't risk my precious BTC, I have an observation for you.   Look at the one day charts.   We had one large red candle the day the China news broke.   Imagine a stone thrown in a pond.   Following that, 3 days up, 3 days down, 3 days up, 2 days down.    2 days up?   1 or 2 days down?   If you are going to mess around, at least trade the larger swings, not every day.

Better yet, find an entry point and take a break . . .   You know you wish you had done it sooner.

I know from experience the best thing I can do when I'm frustrated with the market direction is to take a position with it and then it'll probably reverse,

So I am contemplating to reduce/leave the forum for a few months. I have also other projects. Thoughts?

Bitcoin, why u do this to me?  

Just panic sell already!

you should always have a healthy amount of fiat, incase of cheap coins.

And if a trade looks bad, hang on either way, don’t panic, just wait – if it’s gone totally bad, just take the fiat out and hold what you’re left with?

Still there.

edit. it moved

I'm good at math, trends also. But wouldn't bet on either way. Risto has the ability to lose and laugh about it; I don't.

I'd like to take a peek if you don't mind... ?

Oh wow, 930 before i went to bed, and 930 after. The last thing i expected in the morning.

You are at risk of being a bang-on contra-indicator!

Most of it is just attempt to prove me wrong by expending words, which is very silly, because words have power only when they are true.

I think I have said all. Under no circumstances will I write anything in this thread before it goes to $500. I have a castle to attend to meanwhile  

I felt severe nostalgia looking through old Bitcoin posts yesterday.

We were all dealing with nothing back then, but it was fun and exciting nonetheless.

Lot of people are expecting cheap coins at about same levels.

Never underestimate what panic selling can do but it will be difficult to bring btc there.

People who write code are today's rock stars.

edit: and now they're driving around in Lamborghinis....that's gonna only add to that rep

How is a 40% tax of 97000 equal to 38800. Wouldn't that be a 60% tax?

Ellers er det jo en fin lønn, det

Believing the existential aspect of existence is not hard, because its the truth!


I should start a religion
we all gather together on sundays, I say a tone of existentialist BS, and then collect bitcoin donations  

my oversimplified analysis:
everybody expected a drop, so they were ready to buy in the dip.
ran out of patience, got trigger happy, rising the price.

basically the price does often the opposite of what people expect, something you have expressed alot here  

The more "to the moon" yells here the more chance of a price drop
and we're waiting for a drop means it won't come when expected.

Is it the fact that the price is >815 right now?

Or, from a bear's perspective: Can we break 800 already?

rpetilia stop dumping at stamp!!  

DogeCoin has 2nd highest hashrate of scrypt coins at the moment. The World has gone mad, lol

That's actually a good idea for me as well. I do most of my trading on Stamp (My volume there means I have lower fees) but it also means there can be quite a lot of slippage in price when trading. It's not really helpful to keep trading a growing pot as eventually you stop being able to buy/sell all of it at one good price.

Called rebound.. or pig trap. The love to sell @ bottom and rebuy @ top of dead cat bounce -> repeat x-times and cry

I thought the same on April this year. Calm down, everybody.

notice how everybody ignores gox now in this thread?

somtimes i just want to dump all my money into BTC and run away from my problems 

BUY BUY BUY!

I would really like to see a day with like 500,000 volume on mtgox to give me confidence that a bottom is in. I've been watching all the exchanges and all of the action has been weaksauce - no evidence of any kind real capitulation , plus they're still following BT China which is a sinking ship.

It will always go up and down, but never that down again (talking Bitstamp). All my downside targets are fulfilled, so basically bitcoin can resume uptrend.

Trendtargets:
31.12. - 479
31.1. - 608

Damn, why did I sleep through all the action?
And more importantly, why didn't I place the low bids around $400 that I intended to put there?  Didn't see us go down this fast...

From $3 to $30, $30 to $90, $50 to $266, $150 to $1200, now we sit here at $550 give or take. You can say early adopters, you can say 2011, etc. etc. The fact is that if this is your first day investing in Bitcoin you are still an early adopter. As with investing in anything from the start you will have to be able to take the good news with the bad news. You will have to be able to watch it rise and fall. We are the center of attention in the financial world and every country is scrambling to voice their stance on Bitcoin. Some good, some bad. Some regulations will come in our favor, others won’t. We are growing, expanding, infiltrating, we will be met with resistance by some and embraced by others. Every Bear and Bull will be right at one point or another and both will scream it from the top of their lungs when they are. You have to ask yourself am I day trader looking to make fiat, or am I a bitcoiner looking to make Bitcoin? If you are here to make fiat you are a bear, you want to see Bitcoin rise and fall and profit from its ultimate demise. If you are here to make Bitcoin you are a bull. You believe in what Bitcoin means and what it can do for the global economy of the world.

Last night I sold a Casascius 25B error coin for $21,000 cash. Camolist and I met the guy in person exchanged and left. We watched the market for a few seconds and I looked at him and said what do you think? He said could go either way. I said well I had a 25B coin worth 25B, now I can buy 32B with this cash. So we bought. When I woke up this morning I checked the price and for about 20 seconds I was frustrated, but then I stopped and thought I didn't lose $5,000, I made 7B.

I've gone back and forth between bear and bull many times. Sometimes our emotions get the best of us. Do what you believe in and follow your own path. Make the decisions that best suit your financial abilities and don't be swayed by others.

...

Stop thinking too much about regrets mate, it won't bring you anywhere. We could all be multi millionaires if there's no regrets, you can't make it right each time, nobody can't.

http://bitcointicker.co/combined/ is killing my computer. Fans going to so hard I feel the site is using my CPU to mine!

If you're going to analyze them then at least do it when there's no much action. Days like this are not right time to analyze emotions as they could push you to make wrong decisions, and market is already too crazy in days like this one to afford that to happen.

Try to make some profits, as long as you are in profit, it's easier to swallow that you could be even in bigger one. I made like 3500$ on LTC today in 20 minutes or so, could make 8k if I waited half an hour more. But fuck it, I worked like 3 months for those 3500$ before Bitcoin, it's great.

http://www.infowars.com/us-treasurys-financial-crimes-enforcement-network-reaching-out-to-bitcoin-businesses/ - after the China action this will add some more fear.

Perhaps this explains why at last check Bitcoin was now under $700 and gradually drifting lower. After all Uncle Sam is no longer shy about his true intentions regarding the digital currency.

Hodor?

Once more into the fray. Into the last good fight I'll ever know. Live and die on this day. Live and die on this day.

Hodl.

Choo choo january!

btw is sell and buy if executed price new on bitstamp? Don't think I've seen it before  

By not caring what the price of Bitcoin is and just by working to increase my BTC position trading alts and crypto securities, I made some 300 BTC in last 8 months with less than 1k$ investment.

In last month or so I wanted to be smart ass and to protect my new $ net worth by trading btc vs usd and not only I haven't increased my btc position and protect my net worth, I missed loads of opportunities to increase my btc position by dozens of more BTC thinking more about Bitcoin USD value than doing what I was great in doing for months. I got myself influenced by TA bullshitters and turned my attention in wrong direction.

So, fuck TA and fuck Bitcoin dollar value. Single time when BTC dollar value is important is one when you want to cash out.

I'm just looking at Bid/Ask at MtGox. Probably manipulated but 40 mill+ Bid and only 25.5K ask - Bid/ask = 1575$/bitcoin. Explosion waiting to happen, or whales preparing to dump?

You went full fiat?

Be fearful when you become greedy is also a good one!

This is the time to panic buy!! $1435 before sunday, you heard it here first!  

Om nom nom, sweet bear tears!  

What is your final goal?

Have a $19k on Stamp, waiting for a crash, missed the $440 2 weeks ago... Waiting for low prices 

It is important to buy in as soon as possible

What the heck? Is this a weekend rise now?

 

Guys, where are my cheap coins ?  

From what I can understand of the Google translation they did not quite ban it, but declared it illegal for use as currency (like China did), forbade banks to handle it (like China did, and banks in most other countries prudently refrained on their own), warned citizens of its high investment risk, and finally scared everybody with "you may find yourself involved in nasty crimes if you try to work with it".   

It does start a bit rough:

"The Central bank will deem any services concerning exchange of virtual currencies into Rubbles as a potential involvement in handling of suspicious activities in accordance to the law against money laundering of funds acquired by criminal means and finance of terrorist organisations. The following warning was issued by CB towards the Russian legal entities."

Further, a citation from CB:
"Virtual currencies lack in supporting and responsible for them legal bodies. Operations bear a speculative character, are processed on the so-called virtual exchanges and carry with them a high risk of loosing in value."

And a little bit further:
"CB warns citizens and legal entities, first and foremost the credit institutions and non-credit financial institutions from using virtual currencies for exchanging them into goods (work, services) and for monetary mediums as Russian, so foreign."

Too lazy to translate it in whole, but it does resemble the Chinese warning.

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

Why can't we put somebody like Andreas M. Antonopoulos into that hearing? The comments and opinions of these people are not so well elaborate, as far what I heared.

can somebody explain to me what the woman on the right of mr. Lee is talking about? Gold back uped system? Is this a alternativ system beside bitcoin that she is talking about?

ok well that was interesting
what i took away from all this is

you should go easy on regulating bitcoin because bitcoin is  100% bit and 100% coin

Not sure if serious.

No sane person is gonna throw some money in now because they know this.

excellent timing.

.....anything to this?

Can confirm from the original source: yes, this is looking bad for BTC-E and Metabank.
http://volgoproc.ru/newversion/cgi-bin/run.pl?mod=news.mod&dirmod=mod&func=view&id=2331

Google translate (because I am too lazy to write a translation myself)

I will say that when entering the market in April as a newb trader, this was exactly my mindset. My concern was accumulating fiat, not coins. So yes, I was not aiming to catch the bottom but rather ride a predictable trend well after the bottom was in. (Try rushing to get your dollars to the exchange to buy your first bitcoins, only to watch the price drop 70% as soon as you're funded.)

Did you ever see the Gnu herds in africa before they cross the river?  Nobody wants to be 1st.... the crocs are waiting...

Who else nearly had a heart attack ?

I am again thinking of leaving the markets alltogether. I have never felt so much fear.  Even though I was 80% fiat I was sure the exchanges we're just going to run with the fiat. I do not want to be around when a serious protocol failure actually happens and everything comes tumbling down for real.

whats going on??

Yay BFX down for me but still trading

I have limit orders set.  I am better off just switching everything off and coming back tomorrow.  My strategy is self executing and every time I fiddle with it during a market event I screw it up. 


So I don't mind that I can't get to BFX .

So nothing really. As most of the times. Panic selling because there might be panic selling.
Really at which point is this gonna stop? How is it gonna stop? When we reach the bottom? Is everybody happy then?

Can't these people really not understand the simple concept that what they are doing is exactly the reason why their coins lose value? And that is exactly what they fear? How silly can it get?

There are many miners in China. The Chinese could buy or trade from them even if all the exchanges closed. One could buy from anyone in China who holds bitcoin and was willing to sell. Communist countries have always had black markets.

http://en.wikipedia.org/wiki/Capital_control

The laws of economics cannot be repealed by legislative fiat. You could sooner repeal the Law of Gravity.

They just did that a few month ago , didn't they?

How many coins are being mined these days?   At the price they would fetch outside China, would they be enough for significant evasion?

I don't think that those coins would be easy or safe to get. How would the evaders contact the miners and pay them?  Big miners have large installations and huge electricity bills, they cannot easily hide from the government.

Just had a sick deja vu, almost like a matrix glitch, last time it happened the price went up

This slow crash is very annoying, when i want to short, i want to see profits fast. I am not really comfortable to sell for the midterm in this situation that could end up being the bottom, or close to the bottom.

don't base your trading on your feelings
I do FEEL the pressure to sell, so i buy.

<-- crazy

I've asked for a refund of Neptune last week, and got the money back today. Quick and professional customer service.
My main concern was that according to this calculator http://btcinvest.net/en/bitcoin-mining-profit-calculator.php, the miner would need to come on line end of March at the latest to break even. I'll be watching KnC's foray into cloudhashing with interest, and maybe buy shares from them if they would appear to be at least a little profitable.

In the meantime, the fiat money that I got refunded got redirected strait back to Bitstamp, and if the price on Monday/Tuesday stays about the same as today, I will have made BTC6 of pure profit.

I call bullshit. If you really thought that, sell your coins there and buy back in cheaper.  

Here comes the FUD brigade, wanting cheap coins before the Big Fix. Sorry you missed the bottom, Guys, but it's in the rear view mirror.

Not worth risking $50 difference, you had today really nice chance.

Well that didn't go so well.  Wasn't watching the market the last hour or so then looked at the screen, got a surprise and got straight back off again at 646.  

Lol.  Thank god it's BFX so the fees are tiny.

This discussion is getting out of control. I have to say this was one if the most crazy weeks ever. Hope Monday will bring something positive and not an apocalypse.

Next difficulty:
Estimated Next Difficulty:   3,130,529,329 (+19.42%)
Adjust time:   After 22 Blocks, About 2.9 hours

Price will need to go up, else mining is dead also with ASICS...

People , stop writing encoded messages!!! You're talking about the hack and the ddos episodes?

I could bet the chap is a Greek. He's not though; he's an expatriate French that lives in Tokyo JP. I have a colleague that runs around the office with a bucket of frappuccino like this; the annoying parts are that:
a) He's twisting and circling his hands horizontally so that the ice cubes are making this HORRIBLE noise (brkbrbrbrbrbrbkrbkr...) .
b) HE LOOKS JUST LIKE HIM!
c) WTF!??!  

Jeeeezzzz  

WTF is going on with Bitstamp, my 2FA authentication doesn't work, can't log in 

Bitstamps new auto logout time is driving me nutsssssss

In a self-moderated thread? Perhaps the moderator, AdamstgBit.

You're going to go insane if you look at 3 minute charts all day.

I loved how celand handled the banking crisis. I think they were the ONLY country to get it right:

 "What?! The banks are going bankrupt? That's a real shame but that's what businesses do when they are mismanaged, carry on."

Then Brittan and the Netherlands bailed out their native account holders in the Icelandic banks and expected Iceland to cough it up. Iceland was like: "umh lol? Uhm no? Why are you asking us money for your stupidity?"

Having said this, Auroracoin is ridiculous of course (to help people who had trouble understanding the sarcastic comment I made in my previous post). Anyway: carry on

Devils playground indeed Price at Bitstamp 666$ as other users reported

Wow, that's big news if it's true!

His hat? Nah, straight on the front of the train CCMF!

NATO jets going to Lithuania, Poland.

OSCE observers blocked from entering Ukraine.

GHWBush carrier group in the Med near Greece, battlegroup missile destroyer Truxton enters the Black Sea.

Russian media accuses Lithuania of training Ukrainian "extremists".

Moldovan P.M. requests U.S. military to contain Putin.  (Transdneistra is occupied by Russian troops.)

9 BTC already!

https://blockchain.info/address/1Dorian4RoXcnBv9hnQ4Y2C1an6NJ4UrjX?offset=0&filter=0

After I make this post, I am going dark on anything bitcoin related. I am not in a panic, just a little annoyed about seeing the price go down constantly. Hopefully by the time I come back, we will be on our way to the moon. C ya later boys.

                                                                               

This is how $383 support is tested? on no volume? Bulls are doomed. They're not even putting up a fight yet. Turn off your computer and come back in a week. Your coins will still be there. They just won't be worth as much.

This is awful.
I feel sick.

Most of you will lose your fortunes on the way to the top just like this. You have a mathematical certitude that bitcoin will go to hundreds of thousands of $ in price

...yet you fucks still get greedy like this.