6359.91Y !!! in just a couple of minutes  

That's my reaction, and I didn't sell. 

Lol! Suddenly everyone including my sister are asking me if they should put some money in 'this bitcoin thing'

I live in a major US city and work with many business, accounting, and IT types. Over the years not a single one has asked me about bitcoin, even after I mention it a few times.

Today I asked a client who works with investments, a younger guy too, if he'd ever heard of bitcoin. He asked if it was a band.

We still have a loooooooooooooong way to go.

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

Guys.. there was a real 6000-8000BTC market sell.

However Gox trade protection kicked in, and its looping the same sell over and over. So basically Gox is retarded.

I saw 2M., no lie.

so, was there a huge sell on gox or not?

At least.  I think it will be $2000.

If nothing changes we should have a new ATH on 22.01.14.

https://www.tradingview.com/e/eBL7nAJN/

BTW. This chart is not made by me.

it is very useful for me! brb going to go troll some other websites!

Are walls getting eaten or pulled on stamp?

1k on gox or 900 on stamp - which is gonna be first?

Who's expecting to see above 1000 USD on MtGox within a week?

I am!!! 



up uP UP!

I stand corrected.  

Above 1000 USD on MtGox Today!!!  

We need slow growth, hehe.

We will go through $1,000 and it will be like a knife through butter. Then I believe the odds are we will never see it again.

looks like that 1K Party might just still be on.

Only 2000 coins left to break 1000 on MtGox!!!

profit-takers will wait until the bid spread thickens, or else there is too much slippage to take good profit anyway.

Uh... we just came crashing down from these prices. Now it is supposed to be all good?

Just someone decided to sell those BTC1200?

everybody stay calm, we're right on track



http://i.imgur.com/9lQPqF6.png

just tracing out a nice bullish consolidation... see you at the top of the wedge!

--arepo

that being said, it still isn't clear whether or not the sell-off was "caused" by the news, or merely exacerbated by it.

1000 on gox for the 3th time!!

uhh.. hmm let me just buy 918,000 or so worth of btc on a Saturday morning.. if I live east coast lol

This is actually really good news. Charlie was not an asset to the bitcoin community. It was a shame that the winklevoss ever got involved with him but I'm glad they shut down bitinstant when they found out.

$20 spread on MtFux, heart attack over, catatonia awaits.

Edit $30 spread. This is a dead parrot.

Yes .. Gox has a problem, the bitcoin protocol and wallet software is fine.


IRC #bitcoin-dev 5mins ago

If bitcoin was a global finance leader as you say , do you think people like the clowns at mtgox would still be in charge of 20% of the trade?

Silkroad crash 2.0, veterans know what i mean by this.

Silk road crash happened during an uptrend. This is happening amidst a downtrend. Thus it is too risky to even trade.

It happened already. Just readed an German news, saying that Gox is saying that there is a bug in Bitcoin wich is known for years and that is the reason why gox is having problems  

Yes they do this often. Crash = go offline

hmm there is no reason to go down again? was going to sell at 690 but am not sure?

689 wall breaking,going down again

Now, I like a good conspiracy theory as well as anyone, but that whale who sold 1600 coins on Gox for 501 was not in on it.

Yes, I'm sure that there is/was inside information.  There almost always is.  But I don't think that can account for all of the fear selling.

In 2+ years of using crypto, not one of my real life friends has ever posted anything about bitcoin on their Pussbook.

Today DOGE just hit my facebook news feed................. the world is doomed

Looks like the USA woke up 

Ideal scenario: Gox fixes withdrawals, all fiat on gox gets turned to btc and everyone leaves gox.

You found 2 charts that go up and down? That's quite amazing. What are the odds!

My point, if you read back 6 or 8 pages (which I wouldn't inflict on you), is that BTC has lousy PR, while Gox is pretty canny at spinning news in their favour.  The story should've been Gox's incompetency but instead it became a flaw with BTC.  

BTC may be the future but the infrastructure needs improving, fixing etc.  And the lessons from this week are the Bitcoin Foundation needs to improve its marketing and PR and deal with criticism head on, swiftly and aggressively.

+1

I laughed and buy furiously on 250-300.

If we haven't seen over $1k coins by June 1 it will be a pretty big disappointment. Bear market due to FUD is one thing, due to Gox is another. Good news does not seem to affect the price in any positive way, and the NeoBee news is no exception.

This market seems un naturally strong right now.. the Chinese news in Dec was not as bad IMO.

Are people buying cause they think there is nearly 1/12 th of btc missing from the market possibly spread across hackers or one thief.


I also think current lows we're achieved by people pricing in a failure of gox.

I think that 400 was your bottom, and in the next couple of days we will start a rally up

The recovery is maxed out for now. It's going to take at least a day to consolidate and break $520 if not longer.

The market is far from rational right now. I doubt this will be our last time going past $500 again. The fact that this recovery is occurring at super speed is shocking.  

it was touched. not broken.

Sure for those who have BTC in Gox and those who support BTC no matter the price. But for those who don't have a significant number of Gox coins, they'll have to make another decision whether the arbitrage will decrease the price or increase. I don't want to think about it. So I hedged my risk with Gox coins.

So is the consensus now that the bottom is reached and it will only go up? Would you trade in all your other altcoins for BTC right now (while BTC is cheap) or hold them?

This is exactly what happening now. Mark in the IRC channel still claiming everything is ok. It's like an undead zombie you can't kill.

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

You mean $548

Looks like Bid Wall @ $540 is increasing too.

2400 to $550... someone does not want it going past $550...  

It makes sense to sell into a 50% increase out of nowhere, near major resistance levels.

Stamp kinda flatlined, so did coindesk.

Something 'bout to happen?

You guys make such a big deal out of the smallest things. "a 700btc order was purchased. The price went up 1%". It's just like sports commentators. "Wow he threw the ball".

Senator Joe Manchin  (who wants to BAN BTC) Was at the Yellen Hearing just now.

He asked Yellen of this was possible.

Yellen replied that there is no central issuer and no central bank, and it is decentralized, it is hard to regulate and the FED has no plans to do that.

If the keys are lost, it brings up an argument to fork the block chain, and change the code to manually recover the money. To a new address. A lot of people would support it. (and many would be against)... talk about polarising the Bitcoin community.

No miners would run the new code unless they got a cut of the coins.  That's all it would really take:  Offer 10% of the freed goxcoins as extra block rewards, and *ping* the coins are back.
The proof issue remains.  If it were directed by a court, I could see it happening.  Now *that* would be seriously dangerous to bitcoin:  An actual sovereign interference in the money supply.
We need to replace all the core devs with anonymous parties, untraceable by the court system.  Um.  That might not work out so well either.  Proof-of-Ethics protocol not yet implemented.

That's fine. I hope it prevents newbies entering the market at these conditions.

we will see 74 USD/BTC  if the 2011 scenario plays out

but that is fine with me
2011 was my lucky year
especially after I jumped on to the train @ 3 USD/BTC

Single most bearish issue at the moment:  Unable to break 555 yet, which was the first and second-deepest retracement low post-gox.

The low was 535

I don't see any buying on exchanges.... I am watching charts like zombie but nope... look at the pic down 5 trades in the last 7 minutes !!! and they bearly make 1 BTC all together 




you would see crazy rally of people buying if the price was right....

Death is inevitable, and everyone is going to die -- most adults know that.  Nevertheless, there are often tears at funerals.  Go figure.

less than 50K till 200 that is what in bitstamp order book at the moment, and there is only bitstamp and btc-e for trading now, BTC-e have a very tinny book order, you could bring the price to 0 with 10K dump on BTC-e,

nope from now until june we are in a gradual climb to $800. July 1st-10th the spike to 5-9k peak will happen, then 3k~ to end of year for the next spike sometime April 2015.

Both walls are real. There is no manipulation. Sell wall decreased by 600btc, buy wall by 350btc (last 10min).

EDIT: Sell wall was removed!! With 800btc left.

600!!

Starting to struggle now - not many people seem willing to put their bids in front of the wall at this price

Almost 50 minutes since the last block. No wonder you didn't get a confirmation yet.

Blockchain.info is kaput. Blocks are coming in just fine.

you guys really should learn how bitcoin works, check the blockchain NO NEW BLOCKS YET - it happens.

settings>indicator parameters>BOOM

What just happened on Bitstamp? 64 btc order down to 633, doesn't make sense. Anyone can confirm it's just a btcwisdom glitch, or did the trade actually hit 630 for real?

WTF?! Just checked on tradingview, they show it as well. Bitstamp trading enging fucked up?!

So let me get this straight... if this were NOT a bitstamp trading error fuck up, then every single order down to $633.64 should have been filled, and that would have taken about 3,000 bitcoins to fill all of those orders from $680 to $633.64 (unless some big fish pulled their order(s))..   

Thereafter, if some such big fish had put in a 3k sell, it would have taken several minutes for traders to recreate new orders... therefore, a glitch in the system.

Where the hell is Slovenia, anyway? It's 2014 and I can't believe we don't have better exchange options yet.

Unfortunately the only side filling up is the ask end. Bids have fallen below 16m and asks are above 20k now.

How can depth be meaningless? The ask end filled, the bid side didnt.

The VAT is applicable to trading fees, since that's what the merchant really charges. At least that was the case in Great Britain until the came around last week.

That depends on where you live. Different countries have different rules. Some charge VAT, some don't. The trend that more and more contries will make it clear that it is VAT exempt, if I may venture a guess (especially after the UK decision).

...and it's gone.

Every transaction has two parties, a winner and a loser. So, there is no good or evil in this realm.

 

billiyjoeallen, I wish your facts supported your bright rethoric.

http://www.usatoday.com/story/money/business/2013/06/08/countries-most-vacation-days/2400193/

It's incredible how far this "northern Europe workers" vs "lazy Mediterraneans" lie has gone.

Disclosure: I'm Spanish.

3day Macd looks interesting

just crossed on the 6 hr moving average.

BITCOIN HAS BEEN DECLARED "NOT A CURRENCY" . THIS IS THE END DON't YOU GET IT YET ?

528 ask wall about to get POWNED?

just have look at the last blocks and you will see if the hasrate dropped:

Age
4 minutes
7 minutes
22 minutes
25 minutes
28 minutes
36 minutes

that's 36min for 6 blocks which should have taken 60min as target.

All that bearish sentiment. I get the same feeling as in the summer of 2013:



Keep calm and HODL

edit:

130 USD ~ 720-800 USD
65 USD ~ 400-450 USD

probably for chinese traders and arbitrage, cause the news of china central bank ban could be real.

send and withdraw cash from bitstamp? I dont think so.

good for you that you are all in!

Total bidsum just nudged 12 milion for the first time in weeks...

Most people with a Donator status are long time members and their insights are very valuable. You must be the retarded troll they left behind.

JUST A QUICK REMINDER!

If no one is buyin , we will go down.
~10-12 mio dollar bid depth  on Bidstamp left
~25000BTC could crash Bitstamp to zero.
~4000 new coins are mined everyday.
Everyone of you has to convince at least 3 new suckers that have to send money(min. 5000$) to the exchanges, now!, or your investment will continue to lose value.
Do the math!
Fair warning.

I'm telling the truth since 800$ permabull ignore reality.

18.5k btc to $400, u really think that will still happen?  

huobi at 3000 again

it's the middle of the night in China.. they are all in bed

Warning warning, flatlining on low volume again 

1000 coins per hour = 24,000 coins per day = low volume. Although it's better than when were in the 600s with 8000 volume per day.

Every time the price hits the same level twice someone shouts "double top" or "double bottom"... I think there is more TA to it than that.

so the 400k that bought btc @ $402 means what?

It wasn't pulled though

Looks to me like it was partially (maybe mostlye even) eaten.

Around 2.9k volume on bitstamp, wall was around 3.5k.

Anyone knows more?

the retard who dumped to 380 now will lose in any way. all know btc will go higher in future and even will reach a new ATH 100%.

I was checking out Fib's on the 1day starting at the bottom of the sr1.0 closing down and ending at the top of Dec rally, the 23.6% retrace @ 339.41 wouldn't surprise me to be the actual bottom, but that is only if the China ban becomes even clearer and cause some expedited heading for the doors, and sheep selling.

If LTC goes below 002, I am going all in.

I like little bounce to 395 then DOWN

Miners are screwed, it is like 450 wasnt enough unprofitable, now they have to deal with 350 

That was perfect Fib retracement on Bitstamp.

Mining is no big deal issue. Half of all miners loose money. The difficulty will simply drop.  It's happened before.

Stamp/huobi so different, stamp already at the double top of 410 but Huobi has still longway to climb to that 2700

Maybe.

I missed this one definitely, made some 2k$, that's nothing what I could made. 

Better graph of the breakout:

No, it just shows you don't understand trendlines or triangles

Yours is arbitrary because it uses all candle wicks but one for the trendline. Either you do it by closes, or you do it by high/lows, not both.

Actually, not sure if that's a 'hard rule' of trendlines.

Anyway, the triangle looks fine to me. Broke out upwards. Don't know what porcupine's problem is with it... I think he just doubts that TA could ever dominate fundamentals, news, sentiment, etc.

You need to select market cap by total supply.

bitstamp is going to sleep?

very very low volume

zzzZZZ

Meanwhile the ask wall keeps stacking up. Now 7.8K coins to $700...

Bitcoin.de is a marketplace and not a proper exchange, that's why you can choose to buy bitcoins from the person you like. Still not sure why some people are so stupid to buy at double price. Maybe they typed in the wrong numbers and then just clicked away the warning signs.

obvious ...people are not using btc....are holding ...no one new is flocking to bitcoin in the numbers we need vs the folks holding

we could be sitting on this kinda flat/slow fall till next year...

problem with that is consumer mining seems to be drying up as we speak w/o miners as 'cheerleaders' for bitcoin ..as such dries up...just a bunch
of geeks holding coin...that thru FUD and other means press/gov't will make out as fraud ridden...thus less newbies...a world wide 'assasination of
reptutation by the 'vested intrests" world wide.....like China is trying to do with bitcoin etc

this could be long/hard and dismal ..and the more uncertain it becomes and price goes down the less likely them 'institutional investors' will jump in

frigging 'dead cat bounce'

http://deadcatbounce.weebly.com/what-is-a-dead-cat-bounce.html

vs

diffusion of inonvation (acceptance)

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


well I'm in it for the long haul..if  BTC goes to $10 so be it.....ride the puppy down in flames....(drank the kool aid don't ya know hard to be us 'pod people')
myself if it stays above $150 usd I'm OK ...below that I'm toast...(pick your own USD oops moment)

Searing

Wall gone at $280 (the 6k wall)

edit: And the 30k wall lol

Seeing that wall, the only thing it might happening behind is bullish.

 

Ok, so why did he remove it after a short while if he is a legit seller, and why did  build up that 8000BTC bid wall @380....
and why didn´t he slowly sell out over all exchanges distributed.
he also could have sold on Bitfinex @ 360 when they had around 10-12k down to 300$
I don´t think that someone with that much BTC suddenly decides to panic when it goes from 350 to 310$
Sorry but your explanation is highly unlikely.

Few options as i see them:
1-He's an idiot/doesn't like money
2-He's a robin hood trying to spread wealth
3-It's manipulation in which case he has to have many more coins to drive the price even lower for rebuy (very risky and highly unlikely at these levels).

Market wants to go up. For 1 & 2 it'll shoot up once the wall is gone. Oddly enough leaning towards #2

Bitfinex is going crazy.  328 vs 300 (Bitstamp).

Looks to me like the same dumper. Just like yesterday. Just like the last few months.

-fast  (5sec instead of 10-60min)

-volitity is really a problem for customers

275 => 385 in one week 

hard to feel sorry for a bear whale that sold and got 9 million usd...if he is smart paid his taxes on such legit he walked away
with no worries and made around 4.5 million or so

12hr head & shoulders completed on heavy volume. Trend reversal confirmed. Time to go long. Major resistance at $440-$450.

Are we at 666 yet? No, ok going back to sleep

1. order book can change instantly, not a reliable indicator
2. the past indicates support/resistance levels and their respective volumes, or how many players traded and will remember that particular price. support becomes resistance and vice-versa.

The wall could get moved up or down, or be taken away entirely. Some walls are skiddish, some are permanent. There's no way to know. Sometimes they are useful. During strong trends they are not as they get easily moved/pulled.

TA is simply a way to predict when the trend might reverse. And that's what you should be doing when trading... following the trend.

Volume tells me how much money and how many coins were accumulated and distributed when the 26k wall was eaten. You are part of it, so was I That is TA.

Support/resistance levels don't occur every time the market pauses. We could be consolidating for the next move up. 420 may well be a resistance level. But 450 will be a more significant one.

Markets are fractal in nature. The farther out you zoom, the more significant patterns and predictions become. So heavy volume support points on the daily chart will become more significant resistance than lesser volume support on, say, a 1 hour chart.

Yes that is correct. Also 440-450 is the neckline of a larger head & shoulder reversal. There is an increased chance that the price will bounce back to 400 or so before resuming up, (only if there is enough volume). Also if there are enough profit-takers, you may get your $420 resistance :8

Free trading is only on the Chinese exchange and not the International. Volume of the Chinese version is NOT  included on Coinmarketcap
Neeedless to say im trading on the cn (yuan) version and not the com (USD). I'm in and out endless times a day, why not
Okcoin International exchange (USD) https://www.okcoin.com/about/vip.do    
Okcoin Chinese exchange (CNY) https://www.okcoin.cn/about/vip.do

Huobis international exchange (USD)  https://www.bityes.com/help/rates  
Huobi Chinese exchange (CNY) https://www.huobi.com/help/?

And below 400. Thanks ahole!
Wth does this guy want. 10 months of going down wasn't enough? One little uptrend and he has to stop it? How much longer? 1 month? 1 year? 5 years?

if we break into the 350s it is probable we will go down at least to 320-330 in my opinion...

the bottom is 23.8% of peak, same as the last bubble.   Check it if you don't believe me. 

People are buying bitcoin.