My theory on Satoshi and (his/her/their) coins is this.
Satoshi obviously is well equipped with a brilliant mind. If Satoshi can develop something like Bitcoin and potentially start a currency revolution I am sure Satoshi also has the ability to land a pretty well paying fiat currency job to support any of his fiat needs. Lets assume if you are Satoshi and you believe in your work 100% then their would never be any point in selling. You believe this is the future of currency and you own 1,000,000 coins. When/if this does become the standard way to buy/sell/trade/and get paid Satoshi would then truly be the wealthiest person(s) in the world.

Dido, but I will give you 60 and take the 40

What's everyone's buy price right now? I'm thinking $142

I hope Satoshi is a girl, and is hot. Then everyone will feel completely beside themselves in utter disbelief.

I'm hoping for at least $130 again. I'd be happy with picking up an extra 4 BTC today. I think we will see high $150's tomorrow by mid afternoon.

+1 Why even post this dumb shit.

Me too.

In all honesty I am a happy bull but I have been speaking with many people in the community as well as people who wish to get into BTC and the common response from everyone is that it's just too high right now. From the poker players to the Silk Road users to the noobs. Many people want to see $50-$75 again so they can feel "comfortable" buying in or paying for their habits.

I agree from my personal perspective but I think we are going to see $80 before the day ends.

There is no way that will happen. If it does every bull on this forum will be rubbing elbows with the likes of Bill Gates, Warren Buffet, etc.

Single digits are gone sir. We might see $50 again but bellow that is absurd.

It is the volatility that they are about. $50 seems reasonable and stable. It also is a good price to stock up for future use. And this wasn't directly from a Silk Road "user" but a Silk Road type. The sellers don't want the voalitility, the users don't want it etc.

As far as a lot of noobs that I'm trying to get to jump in to BTC have all made it clear the under $100 as close to $50 as possible seems like a reasonable buy.

Again keep in mind I'm no expert and this info is coming from a variety of people I talk to but all roads lead to $50.

$80 by end of day.

Set your buys wisely and hope you catch the bottom before the next bull rush.

Seriously? Are you really asking for regulation? And clearly you know nothing of the long term BTC. Right now may all be speculation but as the speculation dies and the use of BTC increases as does the demand it is a slow and steady rise to the top. Right now BTC is being traded like a stock, which it was never intended to be.

Right now the price is being toyed with as people buy low and sell it off to make a quick couple bucks. Don't get so worked up. I believe we will settle in the $80s and start a nice little steady rise from there.

Buy cheap coins, enjoy them and watch them grow. How many times have we been here? Relax, keep calm and carry on.

With so much drama in the BTC it's kinda hard being the Nightowl A C E.

I am not going to lie, I took advantage of this. I set a buy at $80 before I went to sleep last night woke up and it was executed. Set a sell at $98 had a late breakfast and to my surprise it had also executed. I haven't made a ton of money like some people on this site but I am proud of the fact that I am $44 ahead of my initial deposit into my Mtgox along with 22BTC. So I would say 22BTC for a price of -$2 each is pretty solid.

Now I am about to go pop some popcorn, sit back and enjoy the show.

And quoted.

How many times do we have to quote you being wrong and saying "you can quote me on that" for you to realize no one is buying what you're selling. BTC once it begins to be adopted by the masses to buy and sell goods, services, etc. then and only them will we see a slow steady climb in price.

I will place a wager of one single Bitcoin that we do not exceed $1,000 this year. Not because I do not want it to be true but because it is simply not IMHO going to happen in 2013. The one bitcoin bet is not because you or I can't afford more it is a simple a gentlemen's gesture similar to that of the $1 wager in Trading Places where Eddie Murphey went from the outhouse to the penthouse. If you can make it happen, then make it happen.

Do you know what it would take for that to happen?

Yes

I didn't see the sell orders, but yes it is to create lag. Where can I see the sell orders?

I love all this talk about "the wall". This thread is in speculation for a reason, because nobody knows wtf the wall is for.
Could be a pump and dump
Could be a toothless redneck lottery winner trying to buy some coins
Could be someone wanting to diversify their investment portfolio
Could be someone who heard the news in China

Could be anything. You should all just turn it off, go grab an ice cold brew, and relax. Start over tomorrow.

Unless they don't give a shit because they HAVE 2 million to play with

That's not entirely true. Inheritance, Trust Fund, Lottery, Someone who has made millions and has been studying BTC and decided it was a good time to try it out, Someone who feels like for that price it would be worth scooping them up, someone who dumped them for profits and now realizes they aren't dropping low enough so he is cutting his losses, etc. etc

My buys are set, hopefully I wake up to lots of coins!

Goodnight all.

I love sitting on the sidelines with my bitcoins just watching the madness. The debating, the speculation, the sob stories and the cheers. So glad I'm not fighting the market right now.

I'm in at an average price of $62.88 I'm okay with where I am at. No need to go losing the ground I have made this far by trying to play these crazy pump and dumps. I don't think we will ever see the $60 range again. I could be wrong, but I am okay with where I am at.

Now I am just waiting for October so I can buy the house next to Reptila when Bitcoins hit $300k each.  

^^^^^^^^^ hahaha. Not one to talk as far as new goes but yeah.

Gox is down

Sell for 109 wait a couple hours and buy back for 95

Next time you wish to panic sell please PM me first and I will buy all of your coins at a nice round number

Sorry I sold a bitcoin and everyone started panicking.

I hate it when you say "we will not see $xx again" because when you do we ALWAYS see that number again and it usually doesn't take long after you say it.

Well I was sitting on the sidelines but I better sell a few so I have some cash for the $78 hit coming in the next two hours.

Okay I am ready for the price to drop now. Sub 100 coins sound great.

Welcome to bitcoin, hope you make it out alive.

^^^^---
Step 1. Do not panic sell
Step 2. Buy cheap coins whenever possible (what's cheap? whatever you think is a great price for coins)
Step 3. Do not panic sell when the price falls below what you thought was a cheap price
Step 4. Do not sell whn you think it has reached it's peak only to have to rebuy later at a higher price.
Step 5. What goes up might not come down (stole this from someone)
Step 6. NEVER SELL ALL OF YOUR COINS (MOST IMPORTANT STEP)
Step 7. If you do not follow steps 1-6 please make sure you have the capital to back your ass up. I'm sick of the sob stories.

China's version of Ebay

I do agree with you there. I hear a lot of people who say oh it crashed, that's that internet money that just crashed. Yes it skyrocketed, and then corrected however it has constantly been correcting to new highs. This started in the $30 range and now we are hoping for dips to $90. you tell me a stock where I can see these gains (with exception of penny pumps) in this short of time? I love bitcoin and as the CEO of paypal stated "Virtual currency is here to stay" and we are at the forefront. That makes me smile.

With all the talk of BTC regulation you have to keep something in mind.
1. There are many large corporate players coming into the fold and considering its benefits (Facebook, Paypal, etc.) those companies carry a very loud and strong opinion.
2. Look at some of the multi multi millionaires that are advocating Bitcoin.
3. The US is on a manhunt for tax revenue streams. They will not try to crush bitcoin IMO they will be more concerned with how to make money from it. Aka money service licensing, trade reporting regulations (so they can tax your gains)

All of this "news" is giving strength to its legitimacy. I was at a funeral this morning and when I started talking about bitcoins to someone I had a 62 year old lady chime in and started talking with us about "that Internet money" as did several other 50+ year old people. I just had a 70 year old man buy Casascius coins from me.

We sit here in this board speculating, talking, wondering. Well I have news for you Bitcoin is more well known than you think and more news just continues to keep it fresh in people's heads. Now if we can just continue to grow the economy of Bitcoin and stop worrying so damn much about trading it then and only then will it become widely used, adopted, and we will see numbers that everyone here dreams of.

It's almost 10AM in Japan

Anyone care to place a friendly wager on the "coinageddon"?

I say we all make our prediction, deposit .1 BTC with John K and the winner gets the pool.

So it will look like this

May 11, 2013 by 11:59 PM EST Coins hit a low of ______________

Rules;

Prediction must be announced here: https://bitcointalk.org/index.php?topic=199596.new#new

It is whatever you think the low will be. If you are reptilia you will post $300,000

Looks like if I dropped 126 coins on gox right now I could bring the price to 108 and make 1 BTC. I wonder how many times I could do that right now? 3-4? Thoughts?

Scratch that buys are coming in strong for 109

I'm so tempted. I am watching the orders right now.

Okay I just dumped 126, looking for someone else to jump on this and drive it to $108

Shit just sell me the 150 at 107.5 now At least then we can save the Gox fees!

We need 300 dumped right now to go to $108

Gox down Gox down

Please?

I thought you were all for price dropping? This is good for that.

I canceled my $108 just in the knick of time.

Popcorn anyone?

Cheap coins are on there way!

Didn't your mom teach you to share? We will equally split your coins and make good use of them  

hahahaha

BtcE is at $106.95

https://btc-e.com/ $106

We are LIVE

And back down

How are we going up?

He's got jokes! haha.

We have 600 coins to blow through to get any downward movement.

Not much support holding the price back. 600 coins and we are into 107

I'm watching the bids and asks on http://bitcoin.clarkmoody.com/

There is only 600 BTC worth of buy orders taking us down to $108.16

That's because Bulls are putting up walls.

That 500 BTC buy order just disappeared

I need a couple bears to come out of hibernation.

DDOS attacks focus on specific parts of the website and/or functions

Something is still going on because http://bitcoin.clarkmoody.com/ hasn't updated my buy order which was moved slightly above the 200 BTC buy order.

Someone go poke some bears and I will get out my red flag for the bulls. I feel like halftime should be over by now.

Everyone is sitting back looking at the price of BTC, looking at the bid/ask, watching the volume, and silently scratching their head while thinking WTF do I do with this?

+1

Millions of dollars are being deposited daily on Gox, only a few hundred thousand dollars a day are being taken off of Gox. I would say that many are "waiting to see what happens". When and if they choose to put that fiat to use is the big question right now.

I've seen charts reflecting downtrend only to rise, charts that suggested rise only to crash, speculations, media buying, panic selling, panic buying, and just recently a ddos attack that sent the price up.

The conclusion and results are always the same; You can not predict bitcoin movement. You can try and might hit it correctly some of the time but ultimately I believe the only safe bet is a long position cashing out a bit as you go and only as you need to.

That is not true. You may increase your withdrawal limits fairly easy.

"If you wish to increase your withdrawal limit you will need to send us a copy of your official government photo ID (such as a scan of your passport and/or drivers license) plus a copy of your utility bill (private) or corporate information (company)."

If you are a US citizen using Gox you're halfway there!

Care to place a wager on that?

Don't you always?

I can't wait for January 1, 2014

Dwolla has been issued a seizure warrant. This means MtGox's Dwolla account and the funds held in that account have been seized until the investigation is concluded. This does not mean they will get those funds back. That will be determined by the outcome of the investigation.

Mt.Gox is most likely a target for several factors. 1. The fact that I can deposit in USD and buy bitcoin then transfer those bitcoin anonymously to any where I want in the world, sell those for a currency other than USD and then deposit that currency into a foreign account with no regulation, or taxation is where the US AML (Anti Money Laundering) and KYC (Know Your Customer) policies take effect. Mt.Gox can not reasonably provide an account of transactions to the US Government showing what happened to either the funds or the bitcoin.

IMO this is what they are going to use to begin shutting down all US based funding to any form of bitcoin trading platform.

The US Government has a number of bills in place that they are trying to pass such as SOPA, Online taxation, etc. 25 States in the US already have internet filtering laws. I am sure after the media frenzy a team was assembled to investigate Bitcoin and to see how/if it can in fact be regulated and taxed and when it was determined this would not be possible they have switched gears to shutting it down.

This is exactly how it started when it came to online gambling. Seizure warrants, cease and desists were sent to every financial institution in the states banning them from funding any site that allowed card games and/or games of chance.

For those of you saying Dwolla sucks anyway I agree. However Dwolla is the leading US funding source for MtGox, the most widely used, and widely publicized. If you were trying to send a clear message would you go for the jugular or start with the toes? They don't care about the "little guys" YET.

Tradehill, Coinbase, CampBX, these are all US Based trading platforms. I would keep your eyes on these. If and when any or all of them get shut down for similar issues then you will know without a doubt that the US is moving forward to quietly wipe out Bitcoin.  

Me too

No it's not over. MANY MANY MANY people have no clue about Dwolla yet. Most people only use it for cashing in and out and believe it or not thousands of Dwolla/Bitcoin users do not use this site or like sites. This means that the initial effects of the news have been felt but once the "general users" start getting wind of it, well then "it's just the beginning"

Update while typing; Just got off the phone with a friend "WTF how am I supposed to cash out now?" This will become the general feeling over the next couple of weeks.

It already made it to Cnet http://news.cnet.com/8301-13578_3-57584511-38/homeland-security-cuts-off-dwolla-bitcoin-transfers/

If and when it does we see $200 again

Thats interesting. I would be up for discussion on this but who's the say the DHS wouldn't stop US citizens from depositing with us?

Although I guess they could convert their US dollar to our currency and then make deposit.

This is actually a really good idea. If we went to a south American country it wouldn't be too hard to create a financial institution.

Also a quote from same article
"Sources said if Japan’s Mt. Gox is taken down an opportunity would arise for a major exchange to flourish in the US."

It's all a conspiracy.

It is interesting how Mt.Gox takes a blow on the same day that mega giant Google announces investment in Ripple. Maybe it is a conspiracy.

So much speculation, so little movement.

Seeeeee ya $120!

Bye bye $125

I think people have been saying next week will be interesting for a few weeks now. I think we are starting to see a nice stabilization and if we do see any drastic spikes upwards out of speculation we can expect to land somewhere around where we are at currently.

Guys are you forgetting, we will be at $300,000 by December 

Just saying what? 

Depending on how many BTC you are trading a $3 dip could be huge. But I highly doubt they are playing with a couple thousand BTC

^------ what he said

$137 by 5pm EST 5/28/2013

That's my prediction for tomorrow.

I love it when BTC drops 5% and everyone starts screaming run for the hills the end is near. We took a 5% hit, we are heading into the weekend we will probably see another $1-$3 drop. By mid next week back to $135

Bitcoin hasn't even started yet.
http://m.huffpost.com/us/entry/3368035

Just wait until the economy of Bitcoin starts growing at a rapid pace that even the "early adopters" won't even be able to believe. I say if you just start buying Bitcoin today you're an early adopter and enjoy being first. I always tell my friends and people I meet "missed Microsoft, Apple, Google, YouTube? Yeah me too, don't miss Bitcoin." 

Hilarious

OMG OMG OMG OMG
Bitcoin is fluctuating in price 11%
SELL SELL SELL SELL
BUY BUY BUY BUY
OMG OMG OMG WHAT DO I DO?
SELL NO BUY NO SELL
IT'S GOING TO ZERO
IT'S GOING TO THE MOON LAST CHANCE FOR CHEAP COINS

Ughh that's all this thread is. As soon as the price drops bears are like sell its a bubble, when it goes up Bulls are like buy last chance for cheap coins.

Bitcoin is long term, it is functional and becoming more functional, it is a store of value.

KEEP CALM
     AND
BITCOIN ON

I love it when they say only Silkroad accepts BTC. Not to mention the over 18,000,000 that was just pledged by a newly formed venture capitalist firm specifically to fund Bitcoin startups.

Do you know anyone who does use Silkroad? I am 99% sure that the majority of the people who use Bitcoin do not frequent Silkroad.

Well I just sold all of my bitcoins so I can buy back at a lower price. So the price should definitely go UP in a few. Haha

$70 by Wednesday. Then a nice steady rise to $100 again.

Sorry went to sleep. Just catching up. Clearly the wall was fake.
Your going to see a lot of that on the way down.

To be honest I think this drop is nessesary. I'm a believer in the Bitcoin economy, while a lot of others are believers in Bitcoin stor of value. I think it can be both but you can't skip the economy first. Mass public need to be able to buy and use Bitcoin. Then when it is widely accepted and used the price can begin it slow and STEADY rise making it a good savings as well. You can't convince 7 billion people that hey check out this Internet code it's the new gold. You can however say hey check out this new form of payment. It's pretty great and explain the uses and how easy it is. Then it is functional, has value for the mass public.

Also for this to happen it has to be affordable for people to enter the market. At $130-$200 each it gives the impression that people have already missed the boat. When in fact we are still docked and selling tickets.

There are many great things to come with Bitcoin. The "party" is just starting IMO. I hope this drop in price holds for awhile so that more people can enter the market and get involved.

Yes whoever is holding that BTC is not going to destroy BTC by dumping it on the market.

For the record I sold at $131.80 and I just bought back at $93.27. I feel pretty good about my current position.

However, now that I have bought back in we are sure to see a slide to $70ish haha.

Some person(s) are tryin to jam up the system and cause lag.

I base my trades solely on what is said in this thread. 

Sold at $131.80
Bought back at $93.27
Sold at $100.50
Bought back at ......... TBD

From Mt.Gox Facebook


Dear Friends,

We just want to remind everyone that only announcements released on mtgox.com or our Facebook and Google+ pages are official statements. Any news and service updates from Mt. Gox will be posted to these platforms at the appropriate times.

There can be misleading information being spread about Bitcoin and Mt. Gox which everyone should be careful about. If in doubt about any news circulating, please remember to check our official statements to verify them.

We appreciate your support.

Mt. Gox Team

Meaning don't believe all the bullshit you hear/read

^

Sounds familiar doesn't it?

kind of like when you predicted $150 and it went to $131.80 and back to $89 that week.

It's just magic.

People should be paying closer attention to things like this http://www.washingtonpost.com/blogs/wonkblog/wp/2013/06/17/can-bitcoin-make-peace-with-washington/ and what it means if regulations come down and if the community disagrees or if the government just simply believes Bitcoin is the antichrist and shuts it down.

Argument settled here- http://youtu.be/-3MZ5q-vmqI

Guys it was a simple case of mistyping it was supposed to be a decimal point not a comma. I fixed it.

Adam what is your prediction to $180 and just to be clear $180 on MtGox correct (I know this is the MtGox tracker just to clarify)
If it is within the 8 day time period as mentioned I would like to place a wager with you. I say we do not exceed $165, you say we see $180. I will place a 0.5 BTC wager that we do not pass $165 youre wagering 0.5BTC that we see $180. If it hits $180 or above you win. If it does not exceed $165 I win. Anything in the middle neither wins and we settle for our profits from the rise in BTC price.

I don't think we will see $80 again IMO.

The bet was more to see how serious you were about your $180 prediction 

Campbx is where I trade and they have extremely low volume comparatively.

I'm tempted to sell everything after listening to that.

I think it would take someone a little more relevant than ytcracker rapping about it.

"User friendly"
"It's easier to tell people how cool Bitcoin is then to tell them how to get Bitcoin"
"Positive use case scenario's has to increase"
"The ability for people to use it easily"
"It has to be easy for my mom to sign up and use it"

"Entrepreneurs and venture capital dollars are flooding into the market and I think all of those problems are fixable"

Can we get an instigator tag?
Maybe a gossiper tag?

I mean everyone is all about tags these days. You can just make mine an "asshole" tag.

I think the $265 bubble was very good for BTC for a few reasons, most importantly it brought it out of the shadows and into the light of main stream media, general public, entrepreneurs and venture capitalists. It also brought it to the attention of governments and regulators worldwide. While this may seem like a bad thing in the short term it had to happen for BTC to have any kind of future.

Governments and world leaders need to understand it. They need to feel like they have some control of it. Most importantly they need to figure out how to profit from it. These types of things will continue to happen until they have all the information they need and all the regulations are in place. Right now is a fishing expedition. Maybe they are doing something wrong, maybe not, lets get them in court and find out.

The fact is we are still young enough, strong enough, and have enough backing to push through this and survive. The bubble of April was the first of a couple more. We will get through this and the next few and when it's all said and done Bitcoin will prevail.

And for any of the bears/day traders or others who want to argue that fact show me the millions you have invested and why you're willing to lose it all without a fight and I will shut up.

What's MtGox? Oh that place where people used to trade BTC. Right on.

Quoted!

Care to place a wager on that?

That's because neither of you really believe it.

Why?

Yeah I read that post wrong.

Playing with MILLIONS of dollars......wastes time reading bitcointalk forums.

Makes total sense

^^^ Not a bad theory

I wouldn't be speculating. I'd be the market maker.

Personally I just bought 30BTC on Campbx for $98 and can't get them to Gox fast enough to sell before we see $100 again. I would love to make a quick 3 BTC before bed.

What has your accountant said about this? I will call mine tomorrow, but I was under the impression that the US Government still has not classified BTC as a currency which wouldn't require filing.

Well next year is going to suck ass!

I like to pretend I am European does that count? Haha.

I am usually on the forum pretty late. Hence the name. Maybe that's why?

I've actually gotten that before. I don't know what it is. Maybe I am just not the "typical" American.

Anyway's I would like for another whale war so I can scoop up some $100 coins.

For all those watching Moody I have the 25.34449000 @ $100.50 here's to hoping!

That's awesome!

Sadly I agree. We are a "have to have it right now without working for it, self absorbed, lazy, uneducated, throw away nation". American Idol contestants receive more votes than presidential elections. People care more about what is going on with the Kardashians than they do with our weakening economy, lack of jobs, and highly overstepping intrusive government.

It's too bad. Once upon a time this country stood for something, there were freedoms, the people decided. No they just cower in fear and allow all of our civil liberties get stripped away in the name of "protecting us from terrorists"

Oh I need to stop, I could go on for days.

I'd quit.

I've always though $50 was a great entry point for "new money" I stand by that. I would be happy at any price point between $50-$120. Once you cross either of those points without a strong global bitcoin economy, or volatile trading people sideline their fiat and watch the show. We need to continue our growth and steady increase in price. With that said I will still trade the shit out of bounces all the way up and down. However if we go below $50 I might sideline my fiat and watch the show myself. 

I often find myself quoting posts and pics on social networks and adding the caption 'Merica! If you're from here you will understand.

Okay goodnight all. Sweet dreams of waking up to more coins.

Okay just woke up and spoke with my accountant and his first response- "Bitcoin hahahaha, you're still playin with that thing." "Technically speaking if BTC is considered a currency, which I'm not sure it is yet but ill look, if you didn't have the BTC in the account where you purchased the BTC ie the exchange and it was "gone" you could technically claim it as a loss. If you can move it to a secure private wallet as you say then there would be no way of finding it, and you could say you transferred the money in, bought BTC, traded some for a loss and spent it all on eBay (Bitmit) buying whatever"

So moral of the story buy on the exchange, transfer to private wallet (or buy casascius coins from me, link is in Signature line) if it can't be found it can't be taxed.

I didn't realize this was the ripple thread. Excuse me while I go look for the MtGox thread.

You laugh, but that's the dude sitting a the VIP table in the hottest club in Vegas, with the hottest girls, splashing around bottles of Dom like they were water.

So you're saying somewhere around $60 is where we will land? I'm okay with that.

Me. I bought 24.5 coins today. Don't worry guys I got this!

Oh I see now. In america they are the rich assholes in VIP always bumping into me and spilling their damn vodka everywhere!

Just in case you didn't know I now have the shirt to prove it.





edit- I should not be allowed to operate a keyboard after drinking (several glasses) Jameson

Then I salute you, and wish you the best of luck at your totally bias, unfair trial where you will be made an example out of for anyone else who is thinking of exposing the government for who they truly are.

I can't take more bots. Please don't

When does the whale show start?

Crazy days ahead

I wonder if Smoothies $180 will ever come true again!

Almost there

Winner ?

Damn it!

1000!! Woot woot!

#winning

I just read the article about the DEA busting a silkroad dealer and how they "seized a sizable wallet containing 11.02 bitcoins"

I laughed.

Quoted. And when we do its going to get ugly.

Yes, but not to trade. I bought 24.5 for spending. I am working on a project. I think everyone here will be very pleased with it.

24 Hour bottom, any guesses?

Me-$89

I second that ^^^

I wonder how many people are feeling this way today

That's the million dollar question


Eventually, currently not even close.

and you dont think they havent been buying for months now?

We will see $100 again before we see $89 on MtGox

Haha, why/how does one get a yellow ignore button?

Damn so is mine yellow too?

Other exchanges aren't following along though.

Bitcoin is like playing roulette, put your money on a number and hope it hits.

So does whaleageddon happen again tomorrow?

Holy shit, everyone should buy. Buy now! The news I just heard, I swear BTC is going to skyrocket very soon!

.......now spreading HEP (Hope, Encouragement, Positivity) screw FUD jump on board the HEP train!

lol, now that you mention it. Any alternate ideas?

I will admit I was extremely lucky, I sold a bunch of Casascius Coins at 1.65 x BTC current market value at $131.80. It was a cash transaction and by the time I got home to deposit funds and move them back to the exchange the price was dropping and fast. I held and have only bought what I needed for projects. Well that and played a few bounces, but like I said I got lucky on that sale.

Winner. I'm on board with this.

So many charts and arrows.

You want action wait until we hit $50. Then we will see fireworks.

I'm selling, selling all the way down.

 

You know what would be great? If campbx wouldn't SUCK ASS and come back online!

I am getting a shit ton of Coin orders now that the price is dropping and I would love to cash out and buy back low, but no Campbx is terrible and is down constantly.

Sorry needed to vent!

False. Please think before typing. Thank you.

It wasn't much. I only had 22 BTC worth of orders come through on my Campbx account. That is the account I use for collecting payments when selling Casascius Coins. The problem was I wanted to get in and release them so I could them back at $55 and make an extra 4.4 coins (20%) I love trading in times like these.

You're so full of shit.

If you don't name a date, time, and/or price with the amount of money you're going to spend then nobody here is going to believe you. Nor should they because you're some noob talking out of your ass.

Anyone can sit here and say wait, watch, it's coming, wait for it, and then a real whale unleashes and you say "see I told you I was going to do that" Hey guess what me too, along with 90% of the other forum users. Wait for it.

Your user name is Jaroslaw spelled backwards. Does this guy think we are idiots?

Blah blah blah.

So when/if you do and you "claim" it was you how will you prove it? I have an idea, just before you execute the buy order why don't you take a screen shot of the order being placed. Or better yet make a small video of your computer screen while your executing these massive buys. If you do this I will personally kiss your ass and apologize for being rude. Until then, please stfu

$51
I don't think the bears have enough ammo to break to $50 or below.

^ This

It isn't going to be over until we hit mid $50's

Soooo did anyone else notice the low? $66.60 or 666

I don't agree with this. The price will rise as the demand/use/store of value (whichever route BTC takes) increases thus making the "limited" amount of BTC more valuable. People will not have to own a Bitcoin but rather could own a few Satoshis which will be worth what a whole BTC is worth today. I believe this is what many "early adopters" who are holding their BTC are hoping for. Regardless if you are buying BTC now you are an "early adopter". Get in where you can, and help grow BTC however you can.

Sooooo close!

I have a very bad feeling about this.

Longer than 14 days It is a wall. However we all know what happens to "walls" around here.

You know how we avoid bubbles and enjoy stability and gradual growth?

ECONOMY

Right now BTC is good for trading, that's it. What do you do with your bitcoins? Do you purchase things with them? I do, I try to spend them, make them, create business' around them etc. What are you doing to help grow the economy besides sitting on this forum bitching about whether or not your "investment" will grow, or decrease.

Go out to your locally owned business' ask them if they would be willing to accept BTC if you helped them set it up. That's what we do in our local community. How about you introduce BTC to 3 people a day, really talk to them about it. Inform them, give them your contact, get theirs for a follow up.

You really want your investment to grow. Make it happen, be apart of the generating the buzz, the next round of media hype. Right now all people know about is the media hype, the bullshit that is force fed to them. The "oh yeah the internet money that tanked".

I'm tired of hearing the what ifs, the maybes, the hopefully's, the well if. You know what you are hoping for? You're hoping for someone to get off their ass and push BTC to grow. Be that person.

It wasn't directed at you specifically, it was directed more towards everyone. My point is that we the "bitcoin community" will be whatever we make it. It's really that simple.

So I should sell at $99.98 and wait to buy back at $90? That would be a nice 10% pick up.

We really need to break that resistance.

Whatever it is I don't know if I am feeling to confident about it. I just moved everything I had on Gox off. Better to play it a little safe right now. IMO.

With the low volume, and the price only fluctuating around 4% +/- I dare to say....stable? I would say it is completely normal to see these small % fluctuations of $4-$6.

In regards to the Fox news story;
When the US Government gets involved and starts regulating BTC to the point it is very hard to get, or it is easier to just use the USD Bitcoin will tank and fast. If the US government wants to shut down BTC they will do it just like they did with the poker sites and stop the flow of money.
The mass adoption of BTC will be haulted because the general public in America do not know the first thing about VPNs and are too scared of the government to find away around it. Americans are also so self absorbed and all encompassed in everything that is America including the dollar that BTC is a "fad", something to make some fiat with, and if told they weren't allowed to have it they would just let it go. BTC is not main stream enough yet for there to be mass public outrage demanding that it be legal. Look at all the poker players here who threw a HUGE fit, didn't matter, shut it down regardless.

I am an American. I can tell you when something becomes big enough to land in the lap of the US Government and they can not profit from it, and it also threatens their financial system, it's only a matter of time.

And whoever said that the price will go crazy high if it's banned in America might be right, but without USD and US volume it is only a matter of time.

I agree. However US citizens are the biggest consumers. Companies, manufacturers, etc. depend on the flow of the USD or future speaking US Bitcoin. Without it the growth or even existence is snuffed out.

Where would China be without the US need?
How are the markets in other countries effected when the US tanks?
How many countries will not make enemies with the US?
How many countries will allow their corporations, banks, etc. deal with US citizens aiding them in doing something illegal to US citizens.

Silk Road, and businesses like it will be the only use for Bitcoin at that point. It will be that "cool" thing that we all did, and made some money from but got scolded like children for doing it. And we will stop because our "Democratic Government" and the "Free" country we live in told us so, for our own protection of course.

Look at Gox, they can't even find a bank willing to help with the transfers to US banks. Nobody wants that kind of risk. Either that or they massively borrowed against the funds deposited on Gox and can not repay their traders fast enough and it's all a giant ponzi scheme.

Just saying keep your eyes wide open, be alert, and have an exit strategy if needed.

I love BTC and am currently creating some pretty cool items around it that I will be introducing next week. I am not slowing down, put I am paying close attention.

Drinking that juice I see

If only you guys just received the call I did. I would be buying if I were you.

"Adam, this is Mike from eBay and we would like it if you could call me back. As a seller of bitcoin on eBay we would love to get some feedback and input about your experience with bitcoin as we work to incorporate it into eBay"

After I called him back and we had a nice discussion he closed the phone call with "well we are just trying to wrap ourselves around it and want to try and stay ahead of the curve just like I think most larger corporations are right now, thank you for your time."

For any doubters my eBay user name is Jamsolid101 you can see that I was a very active seller of Casascius coins. I imagine contacting their users who actively sold bitcoins on ebay is the first step in their leading upto determining whether or not to actually incorporate it.

There may be some bounces coming but if eBay signs on for BTC there is one very large very green upward movement coming.

You heard it here first. 9/4/2013 eBay is moving toward utilizing and/or allowing bitcoins to freely be bought and sold and/or incorporating it as a payment method via PayPal.

Michael Carson Senior Manager, Global Policy and Regulatory Management at eBay.
If John K. is willing I will provide him with Mikes phone number and he can call to verify they are moving in that direction. I obviously will not post his direct line here. I'm sure we can all agree that John K. Is trustworthy enough to verify what I am saying is legit.

First and foremost I bought in the 90s and have maintained my position.
Second I'm not a liar, I have no reason too. You asked for the info I posted it. So next time before you guys go jumping on the bullshit train maybe their is some validity to what people have to say.

A moderator deleted my post. As I said I will gladly back it up. I have no reason to lie. John K, Adam, or any other hero member is welcome to contact him and verify what I am saying is true.

I doubt it. eBay is a bitch to get ahold of. But I'm sure glad I have his info now. Next time PayPal screws me he will be getting a call.

I would like for someone like John K. to call back and say "My acquaintance Adam Graham said that you reached out to him regarding Bitcoin and possibly allowing some use of it on eBay and PayPal and he suggested I give you a call, he felt I would be better equipped to handle some of your questions regarding it as I have been involved with bitcoin for quite sometime" and see where the conversation goes.

Scroll up, that's my full name and I would like for someone preferably John K to call and say exactly that. If I was full of shit that be a pretty stupid request on my part.

No I bought what I wanted in the $90 range and am holding them. I am also waiting on my September 2012 order from BFL. I am comfortable with my current position. Plus I have recently launched Silver Wallets (find it in Goods) so I will receive payments from that as well.

When I got the voicemail that was my first concern. I assumed this was a follow up to the locking oft PayPal account and funds being held. I called my friend who introduced me to PayPal in late 2011. I told him that I didn't know if I felt comfortable with making a call like this to discuss a matter that had been settled. He said a call wouldn't hurt.

When I called back Mike was very nice. He stated that I have sold a lot of Bitcoin on eBay and wanted to know my experience with it and was it positive. I told him that it was a very good experience up until the PayPal incident. I let him know that I thought eBay was one of the quickest and easiest methods for people to acquire bitcoin because they already have accounts and funds attached so purchasing was easy an instant and most people don't want to wait when they want something. We laughed about living in a world where everything has to be "right now". He mentioned that they were considering policy changes to allow it to be sold but he stated that "we can't ask our user to register with Fincen" I agreed its too costly. We then discussed that campbx only makes you register your KYC and AML info if it is above $1,000 per day per person so maybe there is a level of sales they could permit without being a MSB? He said that was a good question and believes it may be a $1,000 threshold. Then we spoke about PayPal already being a MSB so when I sell something to someone abroad and they pay in Euros I don't receive Euros I receive USD so why couldn't PayPal convert the currency a user paid with to BTC and transfer me BTC for BTC? If I sold a bitcoin/Casascius coin for $200 and BTC was $100 at the time of payment they convert it and send me 2BTC instead of USD. Or instead of making that complicated since the payment was being made to PayPal who is a MSB and then transferred to me wouldn't that mean only Paypal had to be the MSB? We spoke a little more about it and he said they are just trying to wrap themselves around it and stay out front.

Like I said I would love to have any hero member call today and verify it to be a truthful conversation. It's pretty simple call him up and say "My acquaintance Adam Graham said that you reached out to him regarding Bitcoin and possibly allowing some use of it on eBay and PayPal and he suggested I give you a call, he felt I would be better equipped to handle some of your questions regarding it as I have been involved with bitcoin for quite sometime" and see where the conversation goes.

I think we will see a policy update in the near future allowing virtual currency sales in small amounts that don't violate Fincen guidelines and possibly BTC integrated into the PayPal system. BTC could easily be integrated into PayPal because you would still need a physical currency funding source attached to your account and if a claim was filed against you and they paid you $200 USD worth of BTC at the time of sale they would simply take $200 USD out of your fiat account. It's not that difficult if you think about it. User pays $200 USD PayPal sends $200 BTC, user files claim and wins, PayPal deducts $200 from your fiat account.

So who is going to call and verify I am telling the truth that I received a call regarding this?

That's exactly what the voicemail was. And throughout our discussion questions were raised regarding whether eBay policies could be updated to allow the use of bitcoin on eBay.

Listen, last thing I'm going to say regarding the validity of the phone call. For those who doubt me I am more than willing to have the phone call verified by any trustworthy hero member.

To be honest I was so taken back by the call I didn't even get to ask the questions like, how likely is this, how close are you, etc.

KJLimo is the person who introduced me to Botcoin and was the person who I ecstatically texted stating call me ASAP and whom I spoke with stating my lack of preparedness for a call like that. He can verify.

And I just sent a screenshot of my voicemail message screen to Camolist of the voicemail I received. He can verify.

Both of these guys are long standing respected hero members.

Haha. I want to really really bad! I think I might. I'm just going to say I was so taken back by the call I didn't get to ask the important questions. I want a hero member conferenced in and recording to verify!

I think the bigger picture for them is making money off of the sale of Bitcoin on their site. After all it would be the easiest way for the mass population to easily acquire bitcoin. What better way than on the worlds largest and "most trusted" site.
As far as the PayPal side of things I think allowing sellers to be paid in BTC for selling BTc would be a way around MSB guidelines because you are not converting currency PayPal is and they are a registered MSB. It would be just as if I sold something to someone who paid With Euros they give me USD. So if someone paid with USD they give me BTC. As far as BTC to BTC payments they would settle disputes based on the sale price. If I sold an item for $200 and the user paid me $200 worth of BTC and a dispute was filed an user won then they would deduct $200 from my fiat account and not my BTC account as that's not an option.

For business models such as western union utilizing bitcoin as a transfer method vs a currency would reduce costs and third party permissions. If I wanted to send $1,000 USD to China I can walk into a WU give them the $1,000 they would then transfer BTC to their China office and dispense the cash to recipient. The sender would never have to use bitcoin at all. It would simply be a very easy transfer method.

I'm registered as a business with eBay (I think) and I sold about $30,000 USD worth of Casascius Coins on eBay. When the original voicemail was left for me I think he was looking to gain information on whether or not I would return to selling BTC on eBay if their policies were adjusted to allow it, (hence the incorporating it into ebay as an allowable item to sell). Then when we got on the phone we began discussing how PayPal can eliminate or reduce the liability to the seller regarding Fincen guidelines.

Negative.

I'm willing, who will get on the phone with me and record & verify?

And what questions would we like to see asked?

Haha typo I meant Bitcoin!

So remember when I said I was contacted by eBay and everyone had a good laugh and called bullshit? Well this was on reddit;
http://pages.ebay.com/sellerinformation/growing/categorychanges/coins.html
Scroll to the very bottom;
September 2013 new addition Virtual Currencies
"The full list of the category changes & their corresponding category number can be found by clicking on the category links below. These changes will be live in mid September."

$51 is the bottom you heard it here first!

I very much disagree with the MtGox withdraw argument. At this point anyone who was not able to get cash from Gox has realized you can buy on Gox and ship them to another site and take your fiat. Anyone who held on to their coins and or fiat on Gox because of the "huge" price difference up until recently is in a prime spot because at the time MtGox stopped processing withdraws the price was around $99 now the price is over $200 (double where it was) and the price difference between Gox and say Bitstamp has closed to 5%. So if I was one of the guys holding on waiting for Gox to start transferring money again NOW would be a great time. If I held BTC I've doubled, if I held fiat then I am only losing 5% and the way things have been going I would convert fiat, wait a day or two for to gain that 5% back and sell to ash out.

Last but not least, you can pick any multimillionaire, venture capitalist, Chinese, Winklevoss twin you want an attribute the price to him/her or it. If you think for one minute that a venture capitalist is going to sit back and watch their investment shrivel you are dead wrong. The companies, technology, implementation and legal battles being fought over bitcoin are much bigger than you, I, or anyone person on this forum and I can assure you that if, and when a significant price drop occurs they will prop up the market again and restore faith for the rest of the bitcoin community.

I believe that bitcoin is on a rise and will level of without further significant dips once it exceeds a fiat value of $300 USD. At that time we will see large sell offs, major buys, and once that calms it will be a progressive increase with marginal ups and downs. I can't see any down dropping the price more than 3-5% when this happens. My advice to you is buy when you can afford them and sit back and enjoy the ride, we have a long way up.

"The companies, technology, implementation and legal battles being fought over bitcoin are much bigger than you, I, or anyone person on this forum"

Never said they were bigger than us. I said what is being built around Bitcoin is bigger than us.

I got the last of the good stuff from Silkroad....... Too soon?

Think logically man. At some point the speculation stops and the realization that this is stable and has a solid infrastructure built around it sets in. How many people are still kicking themselves about google? How many are still saying oh it's gonna tank, just you wait.

The pump is working

Hahahahahahahahahahahaha wait wait he said safe and bitcoin hahahahahahahahahaha. Did he miss it when we went to $75 last week? This market is so young and volatile there is nothing safe about it. With that said we may get there, I hope we get there, but right now it is NOT safe.

$211.42 Is the magic number = 2.5 Billion

It's late, I'm bored. Bitcointalk is my only friend right now.

While I am long term positive on BTC I am not feeling good about this rise in price. It's too fast. Dump coming soon.

It's going down.

Hello 200's

Let me know how you feel when we break back into the 100's

Well ever since silkroad closed.....

We will see $174 and hold between $174-$199 for awhile until the next pump.

Hello $200s

All that hard work by all those bulls just destroyed.
$250 by midnight EST

$250 by midnight EST
$189 by midnight Sunday EST

It's a fight!

I've been feeling that way for the last three days. Tons of media hype. Skyrocketing prices. Large drops and rises. I feel like $445-450 is the new $266 an the bottom is about to fall out any second now.

We have yet to hit $450 and this is very much looking like March/April. You can deny it all you want but with almost 12 million bitcoin in existence those are no longer in "steady" hands. They are however in the hands of fiat minded average investors, get rich hopefuls, day traders who see an opportunity to take quick profits, and I am not sold on the "China sees the future and value" message that is being touted. I think many people see an opportunity to make a lot of fiat. In order to make fiat one must sell bitcoin. The more bitcoin in existence the more that will need to be purchased by the "steady hands" to maintain a price. That takes a lot of fiat. Also my concern is US regulations around virtual currency come out on the 18th of this month. I feel like this is a penny or pharmaceutical stock right now. Huge media hype, All this talk about 400 billion market cap, we are going to the moon, US adopts bitcoin etc etc. drive the price up and then sell it off right before the real bad news hits the market. Just like a penny stock or a pharm stock that says they doin the cure for cancer and the FDA doesn't approve it.

And if we all truly "knew" that BTC was going to actually sore to this level you all would have kept the B you bought between $3-$30 and none of you would be here on the forum discussing this because you would have cashed out half of your B to fiat and would be globe trotting right now. All of us at some point (at least me and the people I know) had owned 100 B and at some point were not part of the "steady" hands.

Ok

I'm sorry for speculating. I forgot right now this board is just for high fiving and reiterating the media hype. Now it definitely feels like March/April

It will be wonderful when that happens. But a 300% gain in a few weeks feels unnatural. Right now I don't believe their is enough of a solid foundation behind BTC to justify that price to the mass public. I always go back and forth on news. I understand BTC and understand its use and value even in the technology alone. So I take that into consideration when evalutaing. If I feel bearish/bullish in news and I understand the use/value imagine what an average investor feels? $30 dip is going to scare the shit out if them and that's bad because there are way more of them right now then tere are people who see the long term potential.

You're wrong. When/if "they" start selling it will be all at once. You take thousands of "them" with 20-50 coins each that Raquel's a heft dump. Combine that with the rest of the world who would love to force weak hands to give up cheap coins and we will see a huge dip.

That is one of my biggest concerns.

And TGF is there, people may know there way around it but if BTC goes to black market only with a US regulated market and a black market in China expect a serious nose dive.

And here we go. My prediction; large sell off ($350) followed by a prop up the market buy ($400) then massive sell to shake the weak hands and get their coins cheap ($215)

I mean really though guys what is there to worry about? A bunch of old senators who can't comprehend a bitcoin, whose campaigns are single handily funded by the greedy corrupt business' and banking establishments of the free world that bitcoin was created to combat, sitting around deciding the regulations for said virtual currency. I totally see them welcoming it with open arms.  

+1

I don't care how much explaining Gavin, the Twins, or anyone else does. All it's gonna take is one phone call from JP Morgan saying hey terrorists are going to use this to move money and we won't be able to control it. Boom done over end game.
And for all you Chinese are gonna save us believers. America owes the Chinese  1.3 trillion. We are there economy. You think they won't follow suit?

At the beginning of the year I said to myself man I wish I bought Google stock years ago. Looked at the price it was $600ish. I said damn, missed that boat. It's now at $1,000. Now I really missed that boat.... Maybe, maybe not, but I'm not gonna buy in now that's for sure. You think mainstream is saying man this is gonna go to the moon I should buy? Or maybe they are feeling like they missed the boat. Have they? Who knows. I know John Doe probably isn't gonna risk a few thousand to find out.

That ass is amazing!

If we ever were to go straight to bitcoin only how would we shove dollar bills in her G String? Hmmm I guess we could pay the strip club for strip club vouchers and stuff those in her g string. Then she could redeem them at the end of the night for her bitcoin.

When this thread reaches 10,000 pages bitcoin will self destruct.

Called this yesterday.

$215 by Sunday

$90 by Monday when the senate hearings are over.

Here's an old classic for all you crazy kids out there
http://youtu.be/A7TuFy0fcuw

So here is a silly bear statement for all the bulls.

What happens when Bitcoin is accepted as a form of currency by the US Government and they begin to institute regulations, tracking etc.
1. Anonymity is gone.
2. The true unregulated, decentralized currency is now regulated an will become far from decentralized. If/when they realize they can't control it, tax it, etc. they will cut all funding sources just like they did with Gox.
3. All online gambling associated with BTC falls victim to current US online gaming rules. Meaning US citizens can and will be prosecuted for partaking in such activities. They will go after exchanges, and gaming sites for funding/accepting "payment" from US citizens.

Yeah shit just got real as far as price goes, but shit is going to get a lot more real once the US Government starts trying to regulate it. Anything with a market cap this high and projected to reach 400 BILLION is something they are gonna take real serious.

I'm a bear right now because;
1. The US Government fucks everything up.
2. New money = weak hands
3. There are some very large holders of BTCE and if they decide at any point to cash in and move on it would be catastrophic and at these prices a bubble would crush BTC.
4. (I'm sure this will be highlighted by all Bulls) as everyone I would like to buy some more coins cheaper!  

I've sold all the way up starting at $100 and have buy orders all they way back. I admitted I would like cheaper coins but there are other valid concerns as I also mentioned. I would love to place some large buy orders but right now it's very scary.

Yet another concern;

Do you really thing the average Joe is gonna want to take his paycheck and buy 1 bitcoin?
Will the average Joe be able to comprehend that you can buy pieces of bitcoin?

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?

That would be me. My predictions along with everyone else's predictions in here have been so accurate 

Ok, I bought back in.

BTC crash in 3.....2......1....
Cause that's just my luck

Ok fuck it, I surrender!

GOOOOOO BITCOIN!!!!

Full on bull mode. Yes, yes, I know, I know. Don't judge me.

I bought at $700 so here comes the pop I've been screaming at for two weeks

What the fuck? Coinbase is out of Bitcoins?

"Due to higher than normal buy volumes, we are unable to provide exact price quotes right now.

Instead of pausing buys entirely, we decided to give people the option to purchase bitcoin at the market price in a few days. Once your USD funds arrive, we will exchange them to bitcoin at the market price at approximately Friday Nov 22, 2013 at 08:54PM EST.

Note that you can cancel your order at any time up until your bitcoin arrive from the transfer history page.

The market price of bitcoin changes frequently. Below are some recent prices to give you an idea. These do not guarantee what the price will be in a few days."

Reminds me of Gox once upon a time

Significant Other

I'll buy 10. Anyone else want to throw down on this 5,000?

Because everyone has this on repeat right now http://youtu.be/NG1qooBzE2w

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

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

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

Every time it's a bigger bubble, bigger losses, and more negative publicity. Which is why they won't buy in.
Which is why they will never buy. Which is why there will never be mass adoption. Which is why Bitcoin will never become all of the things we had hoped it would.

I've used this analogy before;

Go to walmart explain Bitcoin to the employees and shoppers.
Report results.
Then tell them I know I told you to buy in at $800 and we are currently at $453 but it will be okay. This is a healthy correction.
Report results. ...... That is if your not hog tied in someone's garage with a shotgun to your head and some guy yelling "boy, you told me to buy this god damn internet money and you host me half my life savings"

Until China sells, takes profit and/or the regime says no more.  

The only people who bought in 2011 are people who understand Bitcoin.
Again my point is take yourself to a normal person thinking strategy. Okay let me spell it out for you.
You now only have a high school diploma. You work at a factory, walmart, you're a waiter bartender whatever.
You have 3 kids, a tiny house, and a minivan.
You live paycheck to paycheck.
You took your savings ($10,000 or so) you put it into this Bitcoin thing.
Now you have $5000 worth of Bitcoin/savings.
You think they are still holding and hoping?
You think they haven't sold and are screaming and cryin at the top of their lungs I lost half of my life savings Bitcoin is the devil to everyone they know?

This is why it is bad. Because the people investing in bubble rises are people who think they will get rich quick (99% of the population which is why lottery is the most profitable thing for states) and when "healthy corrections" happen it's devastating to the reputation to Bitcoin and the bigger they get and the harder they fall the more negative news and I promise you the 99% don't know, care or believe in BTC technology they believe in their dollar and you Bitcoin took it from them.

I'll remind you of this next week

$900 to $453 is a healthy correction?

Ask anyone in investments if a 50% crash in price is healthy. Good for business.

SMH only in Bitcoin.......

If your life savings is only $10,000 that may be emergency medical money for your family, money set aside over the last 10 years because you may need a new roof, or furnace for your house etc. is not a lot of savings. Or you could have borrowed against your 401k. $10,000 is not changing anyone's life and it damn sure doesn't mean you're not living paycheck to paycheck.

You guys win, I'm just a silly bear. I'll check back in with you guys every now and again. See how things are going.

You're an average middle class working family man.

You know for all you guys that scream mass adoption you're sure quick to call out "weak hands getting shaken out" those weak hands are your mass adopters.

You guys should really hear yourselves

Seriously you think I'm mad about a post I mad on FB haha. I wouldn't consider quadrupling my BTC and cashing out at $65 more than I paid for it bad trading. I've made a lot of good money in BTC but this round I have definitely sat out. I wasn't sold on the speculation and I still believe we have a long ways to go before mass adoption and a real significant reason to back up the price. I believe BTC should be in the $150 range. There is nothing to support any higher of a price.

Because at this point there are a lot of exciting projects in the works for BTC. Key word in the works. One ATM and a letter from Bernake saying BTC is legit and we can't really regulate it doesn't make it worth $600. I am willing to place a value on the speculation of what could happen but until it does it's not.

Look at it this way; If I asked you to invest in my company that had some great projects in the works that will make us billions would you give me a billion dollar valuation right away or would you want to come in at a more sensible valuation because we are so early on? You're not going to make an investment based on what it could be, you will invest on what it is.

Listen I understand Bitcoin. I love the innovation and technology. I am not a super trader or a computer genius. I've never claimed to be. I am a regular guy. I know a lot of regular guys. What gets me down is the fact that we all knew a huge drop in price was coming because it's par for the course. What else gets me down is the fact that every time the "regular" people I know start talking about it again we crash and they can't get away from it fast enough.

Even my accountant said "well it would have been a good investment if you bought in 2011" maybe I need a new accountant but still someone as educated as he is should have some concept of why Bitcoin is a good investment and even he doesn't feel that way because of the swings.

That would be amazing. I still have some BTC but not like I used too. I sold all the way up but I kept a few here and there. Plus I still have a good chunk of casasius coins (for sale see link in signature, lol). I just want to see it succeed and I feel like these kinds of swings do more damage. That's why I'd rather see it crash back down sooner than later on these crazy rides.

8BTC

You would need my investment for that approval and marketing so why would I pay you too dollar knowing you need it? I would come in much lower know in you need it and would enjoy this nice ride up as it gained approval.

I'm all in again. I just agreed to purchase a roll of Casascius Coins from my friend as soon as they arrive. Grabbed a few electronic ones as well. So Bulls please feel free to go crazy!

So I've been a mega bear lately, but I stopped myself to do some reasonable thinking.
1. Every time we have a huge run up in price and then a major correction we still land high above where we started.
2. We may be gettin toyed with by the whales shaking weak hands but in the long run they are accumulating more coins. They are not doing this to sell them low later.
3. With all of the VC and big multi millionaire supporters of bitcoins who have millions of dollars invested in Bitcoin and related startups I am sure they are not going to allow their investments to dwindle at the hands of day traders. I'm sure they will help stabilize the price if need be (from a seriously detrimental crash) and protect their assets.
4. I was under the assumption that we needed mass adoption for BTC to really take off and that these huge price swings scared the general public. I was wrong. All when need is savy investors and funds to buy into BTC (which is what's happening) and a few major sites to tell people they accept BTC and the general public will just follow suit like they do with everything. In the end the general public will be invested in BTC and may not even realize via retirement funds etc.
5. I have always believed that global corporations will see the technology of BTC and begin using it as a method of transferring their funds globally avoiding hefty fees, taxation etc. if I truly believe this (and I do) that alone will send the price sky rocketing.

So in the end. As the song goes I will http://youtu.be/NG1qooBzE2w

Bitcoin!
Subway is in board! This is exciting!

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

If one Subway is accepting Bitcoin and Subways official twitter just posted a story about "hundreds" of people driving hours to support them for accepting Bitcoin how long do you think it will take before they all follow suit?

$1,000 by morning?

I was just moving them to my cold storage.

Just got a phone call today from my 63 year old cousin "hey are you still into that Bitcoin thing" yes, yes I am. "Can I come over tomorrow and have you help me get a few of them" ABSOLUTELY!

If any of you try to shake her weak hands off her fresh Bitcoin I swear I will.......lol

It's not going to hit 690
Good support at 750

Square/starbucks rumor? Do tell?

......or so he's heard.

I love it when everyone who doesn't own one knocks it because of the maintenance and upkeep. If you can afford the car you should be able to afford the upkeep. You're not buying it for its dependability. You're buying for what it says about you. (And I leave it there, you can finish that statement as you see fit)

I just want the Satoshi handle to come back online in this forum and say "I told you so" and then disappear forever. Either that or move those 1,000,000 coins so everyone can stop and go "holy shit he is alive" and then let the frenzy begin. We will be at 10,000 by the end of the year. No one would be selling only buying. The founder lives! The mythical man exists.

Slow, consistent, those words don't exist in bitcoin.

There was a $3 million dollar wall on Stamp

Edit: Did he finally sell?

Nice to see $1,000 on Stamp!

Congrats everyone!

Happy thanksgiving. And remember when BTC goes down it must go up up up!

Bitcoin will be like McDonalds. There will be many competitors, all of them will have similar offerings and something different. Each will have it's own specialty. McDonalds will still be at the top and everything else will be just another fast food chain.

It's kind of like Budweiser. Probably the shittiest beer on earth, yet #1 beer sold.

About 20 days!

Although I'm not one to talk. It took me more than a year to actually stop trollin this forum and actually join.

OMG OMG OMG BTC dropped 4% SELL SELL SELL WE ARE ALL DOOMED!

Haha. 

So off topic;
Applebee's has announced that they will begin placing tablets at every table by mid 2014 for ordering meals now. With this new feature they've found people order more, and there are less mix ups. My question is, does anyone here have any ties with Applebee's that we could contact them and start the conversation about accepting Bitcoins as payment on those tablets.

*for those if you who don't believe in mass adoption etc etc. save your comments. I'm not interested I. Hearing an analysis about how we don't need stuff like this for bitcoin to succeed. Maybe not but it sure doesn't hurt the cause.

My 5 year old son says "Daddy, how many bitcoins do you have?" I answered. He said "Daddy that's not enough, you should buy some more Bitcoins"

I have one very smart 5 year old 

Well he saw the physical ones that I got from Casascius today. The halves and the singles. So more than that!

*Edit Selling them as well. Link in signature.

Yes that's what this all means.

Has anyone gone back and read the OP for the hell of ot? I did. It's kind of funny

Come on $850!!!

Holy shit batman!

If we break to $700's it's going down!

Oh wow I just clicked MtGox on my ticket and hit the EUR tab at the same time. I saw $669 and about lost my lunch.

I think Stamp just went on the same loop

http://youtu.be/NG1qooBzE2w

Look I've been bearish, bullish, bearish, and bullish all over again. The moral of the story is every time we start a ride we circle back and land a little higher than the starting point. This time is no different and neither will the next. We've had a lot of attention and media and China going nuts. Now we have governments reacting to what they don't know, understand, and can't control. Keep up the good fight. We will get back and then some.

Thats why you should just play this song when price is going nuts. http://youtu.be/NG1qooBzE2w

Guys don't panic that was just the FBI cashing out.

I love that I'm at the Hyundai dealership and I'm looking at cars and I'm like man that's only 17 bitcoins. The guy turns around and says "we were just talking about those coin things, they were like .30 cents and went to what $1200" I'm like yup, and only 17 of them will buy me that car. Haha. I remember when 17 bitcoins could buy you a ticket to a baseball game. Now a car, next stop a House!

FTW!!

Chuga chuga CHOOOO CHOOOO!

I hoping for a dip into the 700's great buying op there.

These polls amuse me.

No no no not yet! I agreed to sell my 25B coin for $21,000 cash. Meeting him at 10pm going to buy back on coinbase then we can go CHOO CHOO all the way to the moon!

We are meeting at the casino. I'm a Diamond member. I called ahead and security will be present.

Success! Coin sold, BTC bought. We can go to the moon now!!

Your bitcoin was worth a bitcoin yeasterday, today and it will still be worth a bitcoin tomorrow.

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.

Or the price could have risen to $850 and I could have wasted my evening and lost B. I made 7B. That's a great night.

Bought back on Coinbase.

Haha we met at the Casino. It was the most secure place I could think of. We took $11,000 worth of 20's into the highlimit asked for chips and then went and threw $25 on the wheel, threw $100 on some blackjack, went to the cage and asked if we could cash out and wanted all large bills!

They all looked at us like we were crazy.

Obviously It did. Check the link in my signature. It's what I do. My point was my view on things. You can't look at it as a $5,000 loss you have to look at it as a 7B gain. You're missing the point.

No, If you win more than $10,000 they take your info and taxes out right then and there. Otherwise you're fine.

Was it worth 32B yesterday? Today? Tomorrow? Next year? In 10 years?

Do you also know what the price of B will be today, tomorrow, in 10 years?

Maybe I should just consult you from now on prior to doing anything. How about this I paid $3,000 for the coin and sold it for $21,000 is that better? Do you work better with fiat numbers?

If Bitcoin goes to $100,000 each do you still think it will fetch a 7B premium?

We were just talking about this the other day. My buddy and I agreed we want to be stupid rich, crazy rich, off of Bitcoin so that everyone that doubted on the way up just looks at us and says "I should have bought at $70 when they told me too"

I agree. I also didn't see any offers from him pouring in when it was listed.

And Rampion all he had was cash. It didn't bother me as long as we exchanged in a safe and secure place.

Holy shit! What a day. In the last hour and a half I just sold crazy amounts of Casascius Coins. This price dip has a lot of people stocking up. Either that or like me they suck at day tarding realized that and decided it was best to have physical coins that they wont lose trading. haha.

I sell an average of 2-3 coins per day. Mostly singles for 1.3B each.

Today I sold two 2011 singles with error, a 10BTC all silver, 3 Silver gold B singles, a 2011 series two single, a silver 0.5, I am waiting on payment for two silver singles, and have had inquiries for 9 2013 singles. This has all come via the forum and personal emails.

Thank you. Yes today was a good day.

This is correct but Casascius has stated that he will never sell empty hologramed coins. The fact is that there are too many unknowing customers out there on ebay, etc. Not everyone realizes you have to check the balance. I have sold many coins and asked them if they wanted to check the balance and have been given a "nope looks great" reply.

Too risky for unloaded coins to be sold for full price.

Well I just consulted my trading team and asked them if I should by more bitcoins or wait for a lower price? They have analyzed the information available and said "Buy more bitcoins daddy". When all else fails you listen to the 5 and two year olds. They know what's up!

That's awesome!

Gotta love the swings.

OMG ROFL I just received this email... Apparently Satoshi is a high ranking member of the illuminati! Or is the Illuminati!


This is a paid message from a third party. Trade of the Week is not affiliated with and does not endorse any publicly traded companies or products mentioned below. Please read all disclaimers.

Dear concerned citizen,

The dark years of Illuminati are over.

Once on the brink of extinction, the secret society has powerfully re-emerged in the United States.

In fact, it now wields more power than ever.

As founder of a major publication, Wall Street Daily, I can say the following with absolute conviction....

Illuminati was behind every consequential wealth event of the past year.

Its biggest coup was the emergence of bitcoin. (Crypto-currencies have always been the classic signature of Illuminati.)

Please be warned...

Illuminati's next bombshell will be even bigger.

It's scheduled to hit America in January.

While the public desperately waits for the dust to settle...

Illuminati members will get even richer.

To access the full Illuminati Report, including details of its next bombshell, click the link below.

Yes, I'd like to access the Illuminati Report.

Happy New Year,


Robert Williams
Founder, Wall Street Daily
Wall Street Daily, LLC., 105 West Monument Street, Baltimore, MD 21201

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