high five bro. Waiting for the big crash tonight or tomorrow or at worst the day after tomorrow.

Another day at Gox with an ATH for a closing.

I wonder about that, I do agree that you are probably right, but for the Chinese and the new money arriving this week, 266 isn't a psychological barrier at all, 300 is much more so. Also, on what exchange do we consider the 266 to be 'valid'?

But yeah, some whale will probably dump around that level just because.

Coinbase is already at $252.59

I keep 4 tabs open: open orders, recent transactions, order book and buy/sell.
Fewer clicks. You can also cancel your open orders from the oder book screen by clicking on the order which conrains your order (green triangle in the corner)

290$   

When we switch to mBTC.

Jeez let's rally, im getting tired of 345-350, it's been ages!

Why not pour some petrol on the fire:

http://blogs.marketwatch.com/thetell/2013/11/08/secondmarkets-bitcoin-investment-trust-puts-bitcoin-in-iras/

"Interest in the Bitcoin Investment Trust is coming from technology entrepreneurs, family offices and people on Wall Street. Some family offices are beginning to put a portion of their gold allocation into bitcoin Silbert said. "

ATH HAT TRICK!!!! (all 3 exchanges hitting simultaneously)

I know what you mean there.  I had to sell almost all my small quantity of BTC at about $135/btc about five weeks ago just to pay for my car insurance, now I'm left with just the change and £40 worth that I managed to buy yesterday.  Watching the price rise like this immediately after selling, and not having the cash to buy any more was not much fun at all.  However, I had previously tripled what I had so it's a case of not making as much as I could have, rather than having lost I suppose so it's not all bad.  I'll be buying more when I can though because I'm sure that this rise isn't going to stop here, if it does then I'll just buy more anyway because in the long term it's definitely going up.

Poverty sucks, I really need to trade my way out of it.  That means finding cash in my daily life to work with, because 200% profit of not a lot is still not a lot.  Maybe I could sell a kidney or two.....lol

Does anyone have a time machine?  I could go back to 2009, tell myself about Bitcoin, and take a copy of cgminer for my then new HD5870 and be the only GPU miner on the planet as everyone else was doing it on their processors back then.

You don't have 2fa? Your account maybe hacked? Is there a number in support where you could call? Try to recover your password.

well CCTV will explain it to you....
http://www.youtube.com/watch?v=BKEZQ4RFghE
China wants to dump the dollar , is just that simple ,, they want a currency beyond political control ,
a consensus currency more nutral as the red cross.

Yeah. If we did not have the undeveloped infrastructure, people could just easily buy bitcoins, and the price would rise really fast and be already much higher. You can't have it both ways.

I keep seeing a "last price" on gox that is above the daily high.

those chinese must make just market orders. such low volume and price rising, thats insane

are you still coming to the party?

No.
To pass out or not to pass out ...

We've all been through that.  First time I spent a significant amount, the price doubled from the time I initiated the transfer to MtGox to when it showed up.  After I bought, the price fell 30%.  The time between the fall and when things picked up again was a little stressful, to say the least.

True but as I stated in previous posts with BTC at what $60 bucks last summer and being a noob I was unlikely to dump 7,131.80 out of the gate in pure speculation....at least this last summer everyone I knew doing bitcoin STARTED as a NOOB by mining...at least then...so yeah I agree with your point and may do more or all speculation in the future..but most people will ease in it slowly (or did) and will buy a piece of equipment that pays for itself first rather then plunk money down on a market speculation out the gate (I should coulda woulda done better doing the same with gold  a couple years ago to...also goes for the same in speculation on silver.....or flipping houses...etc ...but a piece of equip that at the time in say 7 months would pay for itself and make some coin after ..maybe enough to pay my home utils for 6 months ....zowie.....(remember we we're more modest in our hobby expectations back then ..or at least how I remember (remember Avalon? ...there are guys there who did quite well mining last summer WHEN  they got their equipment around that time I got my July order in for a Jupiter..which was risky enough with KNC being newer then wet paint as a company.

anyway again I agree woulda/shoulda but as a NOOB and imho it is very likely that trend will continue they will mine first and figure out this bitcoin stuff and then maybe buy/sell/hold more instead or in addition to mining..which is probably the area of the landscape of bitcoin you are at now....I'm probably heading that way too....

(ah yes if I'd only had the 'big brass ones' to buy at 60 USD..that BTC..tough sell last summer with everyone yelling how evil bitcoin was or so my feeble mind remembers)

as usual I'm clueless just saying

Searing

Challenge issued;
1. Go to Walmart
2. Ask cashier if you can pay in Bitcoin
3. After he/she looks at you with a blank stare attempt to explain Bitcoin
4. Attempt to explain how they can acquire bitcoin
5. Report the results of your conversation here.

Bonus round;
If you can get a friend to YouTube said attempt you would score bonus points just for the comedic value we would all get watching it.

Do you accept this challenge?

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

NASA could install Bitcoin on Mars rover if they wanted and send few Bitcoins ther so it becomes first interplanetary "currency"

ATH again * yawn *

Dude, electricity is relevant.   It's the limiting factor once you have mining hardware in your hands.

I guess the point is that the price of 600 is simply unsustainable for Bitcoin, and not a lot of people understand this.

Or, 600 is sustainable as long as you have 2 million dollars daily of new investments in Bitcoin.

See, there's one thing I (grudgingly) have to pay respect for to the US: not matter what fascist foreign policy acting out, dysfunctional electorate system based upon, puppet-president led Koch-Brothers' dick sucking political elite led clown show they put up all year, when push comes to shove, they do know when not to miss out on a great business opportunity. Someone's gotta pay for all those burgers and burger-related heart surgery, after all.

100 000+ searches, wow

I don't think anyone even seriously believes we will see double digits again.

I'm feeling it... this is better than any drug.

wtf ...

Anyway, good night gentlemen. This was history in the making we just experienced

Gox launched to $900 and just finished crashing back down again... bottomed about $630

The story so far:
Senate hearing was surprisingly good (not just good looking). people started buying. things got awesome. we touched $900. then some people wanted to sell. it flooded some order prices down. many complained of some lag. then the sun came out and things got safe in the $700s. which is amazing. and $900 will be back soon.

I was out picking up a load of barn wood today and heard on NPR that the high was $750. Upon reading this, then checking, for a brief moment I was a Bitcoin millionaire, at least on paper. Now, as soon InstaWallet returns my three wallets totaling 1,123+ BTC, I'll be golden.

~TMIBTCITW

800 is cheap,,,, when within a month we're gonna trade above $1k,

Seventh circle of hell opened up, we're going to $2. At least that's what I gathered from the last few pages

 

I'm very tired and should not be trading this much money

Huh? NBC reports on Bitcoin price, really?

If we go crazy from here (we are already well above/ahead of the long-term trend), the inevitable result is crash. That is the way turbulence works. This makes it relevant to try to estimate the top and the bottom.

My take:
- Top $2200, bottom $475. Before Christmas.

Lol, no matter what century we live in, archives still suffer from fires. 

http://en.wikipedia.org/wiki/US_patent_office_fire_of_1836

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

Barry Silbert: 2013 was the year of venture capital. 2014 will be the year of Wall Street.

Buckle up.

Chances of revisiting 600's soon are pretty decent i'd say.

I wish these idiots would stop announcing Bitcoin to everyone - they probably aren't even buying just talking shizzle. In the meantime they are helping to drive the price up by getting more buffoons into Bitcoin while those of us who really believe in the true purpose and potential can't afford to buy as many coins.

Damn, I love Bitcoin

Well at some point the tide is gonna turn, and everyone will run for the exit at the same time.And those who sold at 800 maybe end up happier.
The climb upwards is more and more steep, requiring much more USD ammo.

 

Countdown update: less than 3 1/2 days to 1000.

$50 away

They obviously have been following my posts and wanted to give themselves and extra 36 hours to prepare for ticket processing,

Nice party to visit for some criminals with a few armed buddies

yes... way ahead of you. setting up personal armies is just going to become normal around here.

Germany?  guess I missed a few pages

If I can't bring the Winchesters you can count me out

I'm sure we can work out a parallel gathering in Vegas

If btc goes to 0 tomorrow I'll still have had a hell of a good time! Best hobby ever

I'm going to put champagne in the fridge  

Any party for 1000$ ?

Seconded!

Some noobs panic sold and loaded and their kind bought a lot of cheap coins from their shaky hands.

In any case their mission is accomplished. You won't believe how many tards bought just above $1k to then panic sell at $950. People that is investing more than they can afford to lose; people that does not understand that given BTC 's potential holding is superior to day trading; wishful thinkers that believe that they will be able to do a1% daily profit by buying and selling Bitcoin every day. Summing up: the bulls make money, the bears make money, the exchanges make money... and pigs are slaughtered.

This has flawless logic, but I still wonder about that coffee being 'two mills' and we probably need the 'bit' in there to keep it connected to Bitcoin.

So 'millibit', or back to 'embit' for me..

I can't tell if these are pumps or the greatest bear traps of all time.

this forum is hard work sometimes, isn´t it? it eats away substantial chunks of your time and to some it even seems to become a full blown way of live of its own.
it was in one of those innumerable nights with hours spent in this unique forum, arguing/considering/exploring/sharing/fighting with you about this abstract gamechanger called bitcoin, when it dawned on me that you guys are just great. this forum is special. i thought i need to meet you guys - in real life - not behind a screen. the first idea was a party. no agenda, just meet & celebrate. what could be a good reason to announce such a community event? bitcoin was at 140, not moving forever. yeah, if it should ever reach $1000 we should celebrate this milestone! it seemed a reasonable choice.

the point is to move away from the keyboards and add a little reality to this magic joyride we are experiencing. let´s meet in reality, face to face. bitcoin is abstract as hell, it will help us believing this madness when we see tons of other folks with the same vision/experience/ in real life.

i´d say those are good reasons to celebrate.

hope to see you all at the party!

https://btc1k.com/

lotta price increase without impressive volume / $ amounts

and BTW that previous sell from a few days ago was a test run, no true panic volume on the so called "panic day".

The real panic day is yet to come. Don't know when, but I don't want any part of it. These parabolic rises are never a good thing.

true. My girlfriend was suggesting that there needs to be a special dating service for the btc forum addicts. I hoped that wasn't a threat!

this forum is hard work sometimes, isn´t it? it eats away substantial chunks of your time and to some it even seems to become a full blown way of live of its own.
it was in one of those innumerable nights with hours spent in this unique forum, arguing/considering/exploring/sharing/fighting with you about this abstract gamechanger called bitcoin, when it dawned on me that you guys are just great. this forum is special. i thought i need to meet you guys - in real life - not behind a screen. the first idea was a party. no agenda, just meet & celebrate. what could be a good reason to announce such a community event? bitcoin was at 140, not moving forever. yeah, if it should ever reach $1000 we should celebrate this milestone! it seemed a reasonable choice.

the point is to move away from the keyboards and add a little reality to this magic joyride we are experiencing. let´s meet in reality, face to face. bitcoin is abstract as hell, it will help us believing this madness when we see tons of other folks with the same vision/experience/ in real life.

i´d say those are good reasons to celebrate.

hope to see you all at the party!

https://btc1k.com/

no matter mate, At least bitcoiners have a sense of humour!

I told my wife about the party, but she seemed a little too interested in a room full of rich single men.

We won't be attending.

A guy at my work didn't understand this either and he's a programmer like me. He assumed that they could only be moved in whole units and didn't understand how that would work if its a currency. When I explained it can be divided to 8dp, and that could be changed in the future he was like "ahhhhhhh that makes a lot more sense"

bitcoinity just switched to mBTC by default - awesome!

no it didn't. Also stop with dumb mBTC. We don't say google costs 1mUSD.


EDIT: Now it did.

One gigasatoshi is now worth about $12,000.00.  

Wait , we didn't have a party at 1024 )
Also we need one at 2009.

Why the f***?
We're rich , we can have one every week.

Wow... People here are so gullible.

I'm going to move to New Zealand (from Australia) for a year when I sell mine. Fuck giving 45% of my BTC to the government.

In germany there is no capital gains tax when you held your coins longer than a year.
i'm considering to offer a service for bitcoiners who might want to move to germany for a while...

edit: send pm

There you have it folks... Mark It!

+1 I want in.

:-) It does not even have 2^256 atoms.

Ok, I am all in, which means that we will probably crash. If I sell all out now, then we will rise.
I am probably the best contrary indicator there is.

Here's the interesting thing.

One, a bank like Chase could make a coin more accessible to people than Bitcoin.

However, if Chase makes a bitcoin clone, then that automatically legitimizes Bitcoin. No one can say Bitcoin has no value or utility.

So its a positive and negative. Bitcoin would lose market share because many people dont care about autonomy, and actually feel safer using a traditional corporation. However, Bitcoin would be recognized as a viable alternative.

My train of thought went:
Japanese tv?  No, wrong colour arse!
Australian, US...

....hold on a minute...

that's a UK registration plate. OK, I admit it, it's a 'fellow' Brit!

1. Take the Bitcoin concept without giving credit to it's developers.
2. Remove all the features that make Bitcoin successful and call it "web cash".
3. ...
4. Profit?

I actually woke up to see the exact same price i saw before going to sleep. BTC is not what it used to be

Sold at $1228. Bought at $610. Sold at $950. Why didn't I wait to sell higher? Because it isn't going higher until it goes lower. I am waiting for the retards to come out of their delusion and stop trying to buy up thinking they are headed toward $3000 any time soon. Anyone thinking we are still going higher is still under the euphoria of the mania that has burst.

Agreed.  We are about to move back down.  I expect a new low.

Well lookie here... we found the whale...

http://news.cnet.com/8301-1023_3-57615080-93/paypal-president-david-marcus-bitcoin-is-good-nfc-is-bad/

In other news, paypal president says bitcoins are good!

"I really like Bitcoin. I own bitcoins," Marcus said at the LeWeb conference here.

Absolutely, paypal will essentially become the internet's escrow agent (but they won't call it that because that word is scary to most).  CC's protect the consumer at the merchant's expense, BTC protects the merchant at the consumer's expense.  In both cases escrow and some kind of trust or rating system is needed.

really nice , gz on this

(need to fix " 600watt, cheech300, bulleric." link, misstyped httsp instead https )    hope all ur assistants have an awesome time

Don't forget all the coverage the cars getting and that's only getting started, next time someone says 'but what's it backed by?' I can say goats car

Not sure if it's already been posted:

http://www.gadflycapital.com/markets/gadfly_capital_2013_12_12_valuing_a_bitcoin.pdf

I would take it if $50,000 was the same % of my net worth as it is for rpietila. Someone might accept it, it's a pretty good bet.

hmm, let me think about this for a second. I'm kind of wondering why you need 2 to 1 odds when you were so sure before.

I don't know man... it sure reminds me of the phone talks of Enron's traders (someone posted the documentary here yesterday, thanks btw!).

I'm pretty sure that's not the path our new BTC rich should take.

http://pastebin.com/Sgs5KUDV


Hier ist nochwas.

no, someone (  ) dumped @ bitstamp, gox followed, china was the last to follow.

maybe for you yes, but waiting for a recover is making me more nervous, now I feel a bit relief, but you do whatever you want, you do not have to agree on anything I say....

Stamp already below 800

Meanwhile... China is going back up.....

lol

His party tickets fund??

Is this the ship with the international "when-bitcoin-reaches-1000-dollar" party?

I just smoked weed and now im drinking beer while making coins! How fun is this shit

Yeah I translated that article with google translator and there is no single word about Bitcoin lol. Ignore.

I am going to go expend energy towards keep my vascular system healthy, but fuck it might just collapse when I get back.  However I really hope we can finish to day at 8 and not 650 or something scurrier.

I'm looking at the 3 min charts for all 5 of the biggies right now and BTC-e has/had the most volume of all.  It does vary though.  Stamp seems to gather the most fiat for US, and perhaps Canada, but there seems to be a strong European influence on BTC-e that I find encouraging. 

Time of day likely has much to do with it too.

If it's going to be 2011, you are literally going to forget all about Bitcoin in about 4 months, leaving any remaining BTC in the dust and forgetting to check regularly on the final capitulation dump which will be the excellent moment to get back in big time.

As long as you still check this forum daily, it's nothing like 2011.

Frankly, if someone reminded me to get back in at @1.98 in 2011, I don't know whether I would have put in extra funds at the time.

For the reason stated above, I very much doubt that we will have a 2011 fall back. I rather see increased competition with altcoins and other crypto initiatives (Ripple, JPM's ideas, etc).

Maybe there won't be any real capitulation. Yes we are unhappy and scared about China, but is bitcoin dead? Has development stopped? Are financial circles calling bitcoin the investment of 2014?

It sucks, but this is more like uncertainty because we don't know what China is up to, not because bitcoin is dead. The Chinese are probably rapidly trying to decide what to do with their bitcoin, but do they believe it's dead? It doesn't seem like it. They got into it because it was a world wide thing and the early adopters there see it's long term potential.  We always knew they would need to be galvanised by fire with some mega crash. We had it: twice in 2011 and last April. We always came back stronger, faster and faster. In 2011 we sold till the bottom. In April we sold to ~$50 with reports of Bitcoins death from left and right. Now we have fallen by what- 50%? 2011 was from $32 to pennies. April was ~260 to ~50. So far it's been ~$1200 to ~550? We are crashing less and less severe. And bitcoin is only getting more press, more coverage. In some ways it took China making a stance on bitcoin for other governments to make a stance. Sure it's not exactly what we wanted, but we've gotten something priceless instead: the worlds attention.

Those of us who have only recently joined this particular MMO would very much appreciate a crash an order of magnitude greater than so far made available so we can dollar cost average in.  

I have a stack of fiat ready to buy but my personal trading rules prevent me from buying any more until the price drops further.  So I sit and do nothing.  Which is boring.  

This year was a huge bubble...
There was no correlation between price and increase in transactions.
It was pure speculation. If you don't see that, stop trading  

Buy and holders (bought @ 10-15$) will be ok, but buyers @ above 1000$ will get punched in the face.

yeah, his math calculations saw it. 

It may bounce off $266 and end up at $600 or so.

Mining gear will really have to come down in price now

Why are the polls on here are always so bullish, no 200 or 300? Not even 450?

fuck trolls... $870 by xmas 

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

Bitstamp. Mostly because I know I can get fiat in and out and honestly- they are the best. Customer service is top. A lot of slippage however. Which I always am reminded of the hard way.

Are you guys serious? You've been missing the best thread around town!

Localbitcoins?  (Or a local equivalent.)

Cash trades aren't banned right now, I think

roy

lambo thread!

https://bitcointalk.org/index.php?topic=378936.0

A large fraction of all exchange volumes are fake trades -> the big deals are done without exchanges.
The exchange rate was and is heavily manipulated by a few individuals including the exchange operators.

Best example -> GOX crash failsafe: It's just rollbacks all trades for a specific time intervall. Happend every time someone tried to really push the price down.
There is a large amount of fake support to keep the price going up -> more profit for some power holders

Don't believe that bitcoin is played fair and honest. Some will wake up sooner or later from this dream of great wealth without doing anything.

Vielleicht gibt es hier ja mehr Deutsche, als wir denken.

I must prepare myself for the fekken 1K party... girls are waiting:

Shit ain't funny bro...

Brilliant!

I used to think like that just a few months ago, but now as my wealth increases drastically on orders of magnitude, my perspective is changing, which is weakening my trading strategy. It used to be I had some chump change that I was reinvesting in hopes of making some serious money. At this point, I have the serious money, which I could use to live comfortably for many years. Now the decision is whether to reinvest the serious money in hopes of becoming rich and then it'll be reinvesting that money to become filthy rich, etc. However, bring filthy rich and owning a yacht, lambo, castle etc. Isn't very high in my list of core values. Its more important for me to have the money to live comfortably than to possibly be filthy rich. I would be very upset if I had all this money to live comfortably for many years and then I lost it all. So I am thinking of maybe withdrawing a half or a third of it so I can end this fear and start living life again without all this stress.

Yes, thats right.

I don't know why it's so big overhere, there were some TV items and we are quite tech savvy.

Bobby Lee sounds pretty optimistic.

http://www.reddit.com/r/Bitcoin/comments/1up06f/fyi_update_email_from_btc_china_today/

Nope. US only so far. Hopefully international will be soon.

Something has to do with this??? 
http://www.coindesk.com/colorado-marijuana-dispensary-bitcoin-evade-federal-laws/

J/K of course. It was far too tempting

Get ready for choo choo... 

Source?

Just as the Chinese government has recently warned citizens of the dangers of bitcoin, I am warning citizens of bitcointalk of the dangers of bitcoins, to help as many people as possible.  Only Satoshi and maybe 2 or 3 other people will make any money from bitcoin.  Everyone else will lose money, and probably destroy their life, as the Chinese government has explained.

Now Wells Fargo Bank looking into BitCoin:

http://www.zerohedge.com/news/2014-01-14/wells-fargo-americas-largest-bank-market-cap-pushing-offer-bitcoin-services

However, as HSBC and various other criminal banks have shown, if a client is willing to pay for a service, regulations and/or laws is the last thing banks are concerned with, so while the US Congress and Fed dither on how to treat Bitcoin first Wells and soon all other banks will provide some Bitcoin-related services.

any you tube links or can i find it on netflix?   i dont have a normal tv:/

You think this is good news ?


VAT (known as sales tax in some countries) in the UK is 20% at the moment, if it's charged on exchange transactions that means a 20% price premium to those who are not VAT registered businesses.

http://www.usatoday.com/story/dispatches/2014/01/21/las-vegas-casinos-accepting-bitcoins/4713243/

Front page of Usatoday ^.^

Yeah how bad of us to want to stop the monopoly on money by banks and governments. Banks should have the sole right to make and control money right? And they should be highly rewarded for it ofcourse. Yeah it's not about the 'people', banks and governments should be in full control of every aspect of our lives, that's in our best interest... the few should control the many.

Markets Overview •  Metals •  Futures •  Mining •  Stocks •  Forex •  Bitcoin

Don't you get tired of this? Enjoyed some of the high-class trolling, but its getting boring again so quick.. maybe time for another break?

Could it be that this coding genius is instead enjoying computer-manufactured riches on some remote, tax-free island, or is he a cyber-terrorist who upon Bitcoin adoption will activate a Trojan-horse virus to bring world commerce back to the Stone Age?

Morning all... this morning new's here in the UK included the University of Cumbria accepting BTC:

http://www.independent.co.uk/student/news/cumbria-becomes-first-public-university-in-the-world-to-accept-bitcoin-in-tuition-fees-9074700.html

http://www.bbc.co.uk/news/uk-england-cumbria-25824968

This is very close to home for me!

Look, we all need to do our part to contribute so that the rich elite don't run out of money.

Two more arrested for victimless non-crimes.
I feel sorry for these guys, but that's one of the risks you take when you live in the land of the free.

Congratulations : )

Gambling is a very powerful and widespread human emotion and disorder to take advantage of. There is a huge market to be filled for services that fulfull the need of gambling, like poker, and bitcoin. These are more related than you think. It is 90% of the reason why bitcoin is so successful today. If I had to classify the majority of commerce and activities done in bitcoin as an industry, it would be the gambling industry.

So any bears left? Or did they already started to panic buy?
Almost at 31st and huobi decided to start a rally

Good luck mining in N Korea

Most miners today bought equipment when everyone was telling them it would never ROI, and they would be better off buying and holding.   I don't think they need to sell bitcoins to cover costs.  They spend fiat to make bitcoins because they despise fiat and like bitcoins.  Spending fiat on power bills is just one more way to burn the fiat.

Cool graphic. Reminds me of Spirograph.

Personally went all fiat 3 hours ago, have been seeing the warning signs for awhile now, I personally have traded btc for 2 years+ plus NY stock for a few, I can see the signs clearly, this price has been held by a huge team of manipulators for long time, this is going to be a slow down trend. Untill bottom is reached

Proudhorn will confirm...

Well can you please stop thinking about china's new year? Its over. Markets have moved on to the next "threat": GOX.

Mt. Gox halts BTC withdrawals:

http://www.coindesk.com/mt-gox-halts-bitcoin-withdrawals-price-drop/

MtGox lower than the other exchanges ? wow this is History

Can someone please give me the skinny on what went down and why I see 102 as the low from 7 hours ago?

It will all work out.

Some of the news is actually bullish out there today telling everyone that now is a good time for new investors to get in and that Western Union needs to watch out for BTC
http://www.ibtimes.com/bitcoin-buyers-market-price-drop-brings-opportunity-new-investors-1554418
http://finance.fortune.cnn.com/2014/02/10/bitcoin-western-union-zipzap/

"We can move [bitcoin] across our wires to the receiving entity."

Didn't get the memo? We're doing thing a little different now.

just saw 666 on stamp.

bitcoin is evil, krugman was right

here is some fresh entertainment in the morning 

https://www.youtube.com/watch?v=NI9z7gMpeE4

5:27 LOL

Maybe it's time to spawn SunCoin. All SunCoin miners must be registered to ensure rigs run only on solar power. SunCoinLicense registration takes place, of course, in New York, USA. All mining transactions go toward burying cloned dinosaurs deep underground to replenish oil reserves.

holy shit stop dumping on GOX  

soon 2 gox btc = 1 stamp btc.

uh. stamp is rallying hard

Its going sideways, again 

This is an american forum, people in china and japan still have alot of faith in Mt.Gox.

So cheerful I love it.  

ATH broken. Reenactment of April 10 flashcrash?

Portuguese: Cow "Mu", dog "au au", cat "miau", sheep "bé", pig "oinc", duck "qua qua", rooster "cocoricó"

You seem to have a short memory coupled with the fact Mark has yet to have done anything to warrant hate. He pointed out a flaw that nearly every exchange had to fix in their software. Perhaps he put the blame where it was not warranted.... perhaps.

I see that things at Gox look odd but just imagine this:
- Mark doesn't have special trading accounts or no-fee bots, etc.
- Mark believes that malleability is a flaw in the protocol and stated his opinion
- the crazy market at Gox is simply that, not internally manipulated free market
- banks have been very strict with him after the US froze his Dwolla account causing all the reported fiat transfers. Stopping USD withdrawals is necessitated by the US not Mark.

People are losing money and looking for someone to blame. Instead they should be thanking Mark for offering them the ability to trade BTC for the last @4 years.

Please don't confuse suggesting that he might do well to get a bodyguard with hate (if you are referring to my comment). Considering that people are beginning to fly to Tokyo from the other side of the world to confront him makes this seem like a good idea to me. The first visitors were kind of geeky; the next might be more unpleasant.

I do think it would help if he was more open about Gox's cash / Bitcoin reserves.

very true

if he keeps going like this, it'll be a time question before he's dead lol

people have sold their houses and cars to move into bitcoin at 1.2k

if u dont think these people are eager to get him while he smiles in their face then u are being naive

Do you really believe people did NOT take big loans and bought Bitcoin with it at the height of the bubble?! Accept responsibility, Bitcoin cultists!

Oh wait!!!  Sorry for asking, but did you really sold your house and car and bought bitcoins?

Sorry to hear that , as I assume you invest it at a higher price.
But on the long term , we're going back up , right !?!

This is going to be a very, very interesting day!

Because you're short and they hate you.

Anyone who uses that word is definitely too young to have any significant amount of btc. Why call names? It just shows your desperation and immaturity.

I am long term bull with bitcoin, but these exchange markets are not bitcoin, they are just speculators trying to make a quick easy buck. When btc is stable, there will be no more speculators driving the price up / down. Bitcoin doesn't need to be expensive to be successful.

Please stop comparing bitcoin to html, e-mail or tcp/ip. These protocols didn't have the baggage of unit cost on their back.
If HTML would be like bitcoin, then new HTML adopters would have to pay monetary tribute to the earlier adopters of HTML to start using it.
Then HTML wouldn't have developed very far and people would have been motivated to create alternative options, without the baggage of those early adopters, who just want to earn on your expense, without doing anything themselves.

After weeks marked by technological breakdowns, regulatory issues and general questions over its viability, bitcoin is in the midst of the worst crisis since it was proposed in a white paper in 2008.

The turmoil is a watershed. The way bitcoin and its ecosystem react to the problems could determine whether the whole experiment goes the way of Dutch tulips in the 1600s or becomes a historic technological breakthrough like email.

+++++ 1

Jorge, by the look of your Twitter account you seem fairly obsessed with demonizing Bitcoin and diminishing those involved. Charming. You seem to be relishing the price drop. Is that part of your purely academic reasoning for being here?

"Trading or mining bitcoins produces zero real wealth. Those who made money with it, did so by swindling someone else."
"Anyone who has invested in Bitcoin more than he has got out of it is a sucker,who exchanged something of value for something of no value,"
"The only hope such a sucker has to make up for his loss is to find an even bugger sucker who will buy his coins at a hight enough price."
"As in any Ponzi scheme, the profit of the smart ones who leave the bitcoin system early is the loss of those who remain in it,"
"Bitcoin is now back at ~800 US$. P. T. Barnum was right it seems 8-). Or at least many people believe he his. 8-) 8-)"
"It is just to show that investing in Bitcoin is playing the lottery" (translated)
"it has speculators who try to convince unwary BTC to invest in promising huge profits ..." (translated)

In a couple tweets Stolfi equates Bitcoin with Telexfree, a Brazilian ponzi.
http://en.wikipedia.org/wiki/Telexfree
"É por isso que acho Bitcoin uam Telexfree. Porque dinheiro comum sumiria? Porque *bitcoin* seria única cripto usada?"

-------
Jorge's plan to make money (a satire on Jorge's view about the Bitcoin ponzi):
http://www.ic.unicamp.br/~stolfi/bitcoin/2014-02-17-HowToMakeSomeEasyMoney.html

"I ask ten people to form a circle, each holding a 50 dollar bill. I tell each person to pass his bill to the next guy at his right, slowly at first but gradually quickening.

I show them mathematically that, at any moment, the sum that each one had, plus everything that he received from his Left neighbor, is always more than what he gave to his Right neighbor; so that everybody will win in the end.

I give the example by taking the bill from my Left neighbor and giving it to my Right neighbor, "like this, see." Soon the eleven of us are smoothly passing the ten bills around.

A passer-by asks, "may I join too?" "Sure, get a 50 dollar bill and enter the circle." "If I contribute two bills, will I get twice the profit?" "Of course!" He calls two of his friends, who call others, and so on.

Soon we are twenty-one people circulating thirty bills. Everybody notices that the method is working: each one now must grab another bill from Left before he has a chance to give his bill to Right.

A few minutes later, I stop for a moment to pick up the pen that I dropped on the floor. While doing so I discreetly pocket the bill that Left just handed me, and I immediately resume the play. With the bills in motion, no one can count them and notice that now there are only twenty nine going around.

No, wait, that guy across the circle is angrily staring at my pocket, he noticed my trick! I am done! But, instead of blowing the whistle, the scoundrel winks at me, pauses for a moment to blow his nose, discreetly pockets the bill from Left too, and goes on playing. Phew!

But I'd better play safe. I tell everybody, "sorry folks, I must pick up my turtle at the gym, you carry on without me." And I walk out holding high "my" bill, that I just got from Left. That scoundrel does the same. The other nineteeen guys thank me for the great opportunity and keep on passing the remaining twenty-six bills around, already thinking on how they will spend their profit."

If the Internet was programmable communication, Bitcoin is programmable money. The analogy is actually a very good one. Before the Internet, in order to deploy a program that used the central communications network, you needed a deal with a network operator like AT&T. With the Internet, individual nodes could write programs to directly communicate with each other, without any central approval required.

In the same way, today, in order to deploy a program that uses the central financial network, you need a deal with a large bank or credit card company. With Bitcoin, individual nodes can write programs to directly send and receive money from each other, without any central approval required.

@KeyserSoze,

I have promised to keep my negative views to myself in this forum, but you insist asking for them...

Is what I wrote on twitter and put on my homepage any different from what I already wrote here?

(You missed my last tweet, "One day bitcoins will be worth their weight in gold".)

Even if bitcoin ultmately succeeds (which I wish it will, but doubt it) and bitcoins becomes extremely valuable (which I very much doubt they will), bitcoin trading is ultimately a zero-sum game.  Any profit that one makes from it is someone else's loss.  In order for @Goat (or someone else) to buy his Lamborghini, @windjc (or someone else) must lose his house.

I believe that adults have the right to gamble their money and property any way they want.  They even have the right to play at this crazy roulette-by-phone where the casinos may not have money to pay off, and the dealers are know to be liars, cheaters, and thieves.

So I have no objections to bitcoin trade and speculation --- as long as the people who come into the game are aware that it is a form of gambling, and that their expected profit is slightly negative (because of fees and other losses). 

However, this particular game will be profitable for its current players only if the price goes up; and that is not likely to happen if the "market" consists of the same guys trading the same bitcoins and the same dollars back and forth among themselves.  In order for the price to go up, and the old players to make substantial profits, new players must come in and bring new money.

So, in that aspect bitcoin trading is indeed a classical Ponzi schema: the money invested by new members is used to pay the large profits of the early joiners -- if these are smart enough cash out while the price is higher than what they paid for their coins.  The net effect of the game is to shift money from the late entrant' pockets to those of the early entrants.

And that is when the game stops being OK.  That is because in order to lure new players, some of the bitcoin "evangelists" are resorting to plain lies, painting bitcoin as a "good investment", an hedge against "rampaging inflation", etc.  They keep showing that false arithmetic of total e-commerce divided by 21 million.  Some still claim that bitcoin payments are untraceable and un-seizeable. (You may have seen my tweets a couple of weeks ago where I argue with someone who claimed just that.)  And the bitcoin salesmen conveniently forget to mention the growing legal barriers, the dozens of exchange failures that ate millions from their clients, and the many other things that would turn sensible people, even uneducated ones, away from the bitcoin game.

One feature of Ponzi schemes is that most people who join feel the urge to become salesmen and convince others to join too.  You do not see long-term stock investors doing that; that's because those people know that other smart investors will look at what the company does, and will not be impressed by sales hype.

It was the opening of the Chinese market that lifted the bitcoin price from the low tens to 1200, and it is the Chinese who are holding it at the present levels.  But that market is no longer growing. So, where will the necessary new suckers come from?

I have seen people here and elsewhere saying that the only hope left now is Latin America.  Well, I cannot sit and watch fellow countrymen being conned, can I?

Several times I felt the urge to end my posts here with a friendly "I wish you all get filthy rich".  But I cannot honestly say that: if some of you do, others necessarily will become filthy poor.  I thought of writing "may you all get back most of what you invested", which is the fairest outcome one could wish for in a zero-sum game.  But I cannot honestly even wish you that, because many people have already walked out of this game with millions of profits or stolen money --- so you all are, like those guys in my parable above, spinning around only a fraction of the money that you all put in.  Sorry, folks.

Nice find. When did this to live?

Did you check the "about us"? Their biographies are exactly the same WORD BY WORD. It's like they are one person with two bodies, no unique experiences or motivations or whatever.


How fucking creepy is that?

This whole Bitcoin thing isn't even worth halve a WhatsApp anyways...

At the rate the price is dropping at Gox it looks like they won't need to make an announcement.

$160.... hilarious. Stamp not following this craziness no more.

I predict that karpeles will be dead within 2 months

Have to say... Gox's trading engine is holding up well  

Bitcoin always crashes on Thursdays

I'll have an M for Mark, please.

Confirmed without a source obviously  

Source?

THIS SOURCE DOESN'T SAY ANYTHING ABOUT GOX

Posting that, without so much as a link to a source, marks you out as a fucking idiot.

2 days news full of bullshit

Say hello to my ignore list full of FUDer + i'll not coming to the 1K party... 

Soooooo funny , i guess it's german humor

Stamp just signed me out. It is acting very strange

Bitcoin will be illegal in Japan... you really think this ?

me too

I really don't get it!
Why people still keep BTC @ exchanges...

The same people which laughed @ GOX users.

Bitstamp is not better than GOX. They are amateurs as well. BTC-e is even worse.

Feb. 20, 2014   Bitcoin   0.02000000 BTC   Finished

Is it me or has Walsoraj gotten a bit tame and reasonable?

Will the price ever be $1k again on Stamp?

How long will that take? Wondering if it will be worth the wait. Why and when, or why not?

 the experience of owning some btc and using it yourself is beyond description and without this particular experience you can't ever hope to approach anything resembling an "objective opinion" on the technology.

+4

Sources confirm all of this. 

 

Like that comparison. Hadn't thought of that one.

bitstamp : https://www.bitstamp.net/article/Statement-by-Bitstamp-regarding-MtGox-insolv/