Yeah.. I can't help but think that this at least partially has to do with the pastebin that's been going around. Between here and being on the /r/bitcoin front page, several thousand have seen it.

It's completely fake, but some will still sell off ahead of time just incase. That's probably the goal of whoever wrote it in the first place.

Kind of frustrating how easily this market is manipulated.

I would give 60% that we will cross $150 today. At any rate the support in $135ish will hold.

Would be confident to buy now but no need I actually OTC bought BTC100 @146, little bit dear but did not want to sell for such a small gain...

We might not see much activity these days, May 1st is holiday in many countries and here in Bosnia particularly it is a traveling holiday, people move a lot during these days.

It seems to be going up or down.

down it goes

Great, let's buy some more. I have bids from $125 to $30ish, wouldn't mind if they get hit

Why is it lagging? It doesn't seem to be that much active....

Wow... pure stupid just arrived.

I think BTC has a long way to go. I strongly believe it is not a quick-rich scheme. That said, I have in my mind a quantity of BTC I want to own, based on a % of the total amount (it's small, don't think I'm some kind of Winklevoss guy), and each dip is a buying opportunity in my book. I almost never exchange BTC for fiat, but I buy more BTC when I have the occasion (always with money I can afford to loose, obviously).

BTC will always rise and crash, like all commodity-like assets. And now is a newborn: market is a peanut (just barely $20M sitting in the order book ATM, is like a joke), infrastructure is poor (only one exchange controlling 80% of the market? WTF?), real economy activity besides pure speculation is almost non existant. All this points need to be addressed before BTC develops to its full potential.

TBH, crashes excite me more than rallies, because I know I will be able to buy more BTC's, which then I can hold or exchange for goods and services. I may be a pervert, but that's how I am.

I think it's also something that has to do with a philosophical point of view.

For me BTC is a way to say f**k off to dirty fiat and financial corporations, it is a way to break the chains of debt money. I think this is one of the main intentions of Satoshi and Co.

But for most of people here BTC means: I have 1,000BTC that costed me 1,000$, and now those BTC are 1,000x$140 = $140K. So their BTC has a value in relation to fiat money, which is something that seems absurd to me.

Personally, I don't want more fiat - I already earn what I need to live working. I want the freedom and the power BTC gives to individuals, thus I want more BTC and I don't really care about it skyrocketing in fiat terms.

It's funny to see how the same tactic of the manipulators always works. They start a panic sell with a big sell and then start a panic buy with a big buy. Works every time!

What is the rationale for this "crash"?

Am I missing something?

I would like to know how I could put an order in for 105 and mtgox magically makes me buy at 103??  What the hell was that?  The candle in question never touched 105.........ever.

In what alternate dimension is $103 really $105??

Everybody is hoping for cheap coins but this is very bad for Bitcoin with the price moving like this. We'll see if the people in China that downloaded the client are willing to buy in a declining market.

Orders are still coming through.

Looks like people are making good use of the "lag attack" posted on reddit. Fuckers.

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

Welcome to bitcoin, hope you make it out alive.

There aren't very many bitcoins.  Unless you can hold onto your coins when the gut wrenching dips happen this market will chew you up and spit you out.

max 50 sec as far as i saw ... not to bad

Trade with confidence on the world's largest Bitcoin exchange!

Reliable

We're always on. Buy and sell Bitcoin 24/7/365 with the world's most sophisticated trading platform.

Bitcoin is back up to 110+ again, and has anyone else noticed that after a Mt. Gox blackout, that it almost always starts heading in the upward direction, rather than falling down like expected?

Correction, hoping for a big dip. Here's how it works.

If you have all BTC, you're a bull. Rocket fuel, to the moon, China is a super power. Even bears stfu when they have BTC.

If you're currently sitting with no BTC, it's bubble, crash, Gox sux, charts with lines, chick little in da house.

Most people don't even believe what they say, they are just hoping for the market to go up/down to suit their needs. Don't bother asking them to explain, they'll just shit more FUD in your lap. Everyone else who isn't bullshitting the forum, is just speculating. Because no one really has a clue. If the guys making the charts could actually predict the market movements, they'd be rich and they wouldn't be on here making charts trying to convince people. People make charts to convince themselves, and if people agree that's all the better.

Nothing's happening!

Booooooring!


Is it time to go down?

$1M usd disappeared today from the order book.

We may see cheap coins soon  

Your constant desire to buy lower (along with others like you) when you have already had ample opportunity is what is devaluing the currency. It's a self-fulfilling prophecy.

At some point, the momentum of what you are trying to do in the short term  will overwhelm any momentum that will allow you to gain longer-term. People will just get bored. Then you can buy your cheap coins, and keep them.

i hope so!

I don't know why everyone is hoping for a DDOS. That's only going to hurt Bitcoins reputation even more, so nobody will take it seriously anymore. It's gonna hurt Bitcoins value in the long run...

I do not have permission to disclose my exact location (or anything at all really) concerning the matters of my person. But I will find out today, which of the matters are classified. Anyway I still need rest after the Haikko fiasco, and in no way I will be going anywhere at all for several days, so I can as well try to make the most out of it by taking the rest I need.

As for safety, I do not know any official classification of this place, but my gut feeling is that in order for anyone (which means, anyone) to take me out of here alive, it requires an operation that cannot be planned in secret, and the lead time is minimum 48 hours. If dead, it can be achieved relatively quickly, but there will be considerable (100,000+) collateral damage if the success needs to be achieved at a greater than 75% probability.

Naturally most c&c structures in the world are not capable of doing even that. I know of one, and I already know that they may not like me, so I am not really welcome in their sphere of peaceful influence. Here I can continue minding my own business in relative comfort. Currently my greatest annoyance is the smell of cigarette ash in the only place where I am allowed to breathe fresh air, and I will tell you when I have neutralized the problem.


Yes, I switched to mBTC last week. In other words, mBTC is omitted.

Your time seems to extend all the way back to April 08, 2013, 03:13:50 PM.

I was there when it was still not possible to buy from Mt.Gox with more than $1000 per day without influencing the price by 10%+, for which reason I regarded it as a childrens' playground (and later paid 500kEUR+ for my mistake)

[/img]

Should go south soon.

there was just a single sell of 650BTC that obliterated the wall at 122  

Really, it seems at this point we are waiting for an Amazon/Paypal or the like to jump on. The China news and Russian Pay pal will probably affect the volume some.

A sure fire thing, which is inevitable imo, is another Cypress like event happening. When that happens we probably don't look back...

There we go  

I think the $130 Ask wall has come down from about 20K/15K to this in the last 20 or so hours.

Cash out or not ?

I think that it will , but people here are not thinking so :/  but you cant trust anyone here ? I dont know ho to trust and who not to trust

I don't think the action is over for today. mt.gox appears just about ready to retest 130 again (and will most likely fail once more - still about 5000BTC there).

Humans tend to be complacent, greedy assholes when nothing is around to make them feel as if they have to do better for their self interest.

In summary, it's because Gox has no real competition, so they're content to just do whatever since there's no reckoning to face if they do poorly.

You must be new here.

mt.gox is up to 135, volume is rising. It appears we are entering rally mode again.
bitstamp is still asleep (129.5)

Decided to buy into the walls to get in again, the spread between bitstamp and mt.gox is getting too high.

105 to $135.00 now.

Just the normal weekend dip I have been waiting for 

nice chart

My TA is limited but here's what I get from that chart. The green line shows support. On the chart, price has reversed course when approaching that line or has not crossed it. If you extrapolate (please no XKCD comic) then support should be at 130 area and we shouldn't hit 125.

edited

Since when cheap coins look bad?

HAHAHAHAHHA WALL TERMINATED! I wonder if the person just bought their own wall.

$130 again, da fuq is going on?

and up we go  

I'm hoping this is just a shakeout to get the weak hands out and to accumulate some cheap BTCs.

quite a risk to sell 127 -128 now ...

Well, that Fibonacci retracement chart with the nice support line...not sure how useful that support line is at this point.

Well to me it looks like the same Walzilla who pushed the price into the 120s was behind this move to push the price down. So far he hasn't succeeded, but if he does he will have more coins and more power to manipulate us in a similar way next time. So let's pray he won't succeed, not because we're bulls but because this would be bad for bitcoin and a win for the manipulators.

I know that it's not welcomed to share bearish opinion, I did some analysis and indicators (MFI, RSI, UI, W%R) are telling me that we will probably hit $120 in the next 24h. I don't have an idea will we go below that. Currently, according to average of all significant moving averages, realistic price is approx. $119-$122. We are driving on a extremely low volume, so something will happen that's for sure, maybe even totally opposite to my prediction.

Cheers

Well, sometimes people need fiat to pay for their new cars, etc.

Nice to see I called it right to sell at 127 (bitstamp)  
Now if I just knew how low it goes...  

Btw.: I decided based on technical analyses as well. It was telling me we were and are in a downward trend.
What it (obviously) can't tell me is when the trend will break.  

What is up with the bitstamp feed at bitcoinity though? It's dead for me, while the one for mt.gox is working fine  

Edit: Wow, that was quite a buy! about 2kBTC upwards in one go, right through 128!

Please give us a bear trap first, I want to buy a few more cheap coins before we move up.

You never could... Maybe you bought for the first time recently, so your average buying price is pretty much close to the current spot price.

But don't worry... In a couple of years BTC price will be waaaaaaay higher, and you will scream for cheap coins as we do, so you can increase your stash at the best possible price

Or, holy shakedown

I would have thought the price would go up, considering that now it is impossible to withdraw fiat from MtGox.

Yes, the 4k seller is just a weak hand or someone seriously gambling and hoping to cause a drop.

Yes, a drop created solely by the seller and completely useless to him unless it goes way further.

628 btc needed to reach $131 again  

Maybe, but don't underestimate bears, someone can put an 7k ask wall and down to $120 we go.

No fear until $125 is broken

It can go to 125 , 115 and even to 100. Why fearing such drop?
Nothing chages the big picture.

One rule of the trade is not to smoke your own merchandise... how often do you break it?

kiddin:)

Only if exceding 3gr.

So that is what bitcoin market is down to when you strip everything else away...


Dump, flush, dump, flush, wipe lol

Well, looks like were back at 2 weeks ago. We'll reach 130 again in 10 days followed by another big dump and repeat it all over again

I highly doubt it, the trendline since 50 has now been pretty brutally smashed. I feel 100 isn't far off at this point. I don't care about the buying happening at the moment, just the bounce after a huge drop. This feels like a desperation push by a big player, we could be testing the broken trendline now before continued drop. These big players should have come out in the last couple days to get us over 132-135. Already back at 123 before I finished this. Lets see where we go. I'd love to be wrong.

Yep, after that... this could potentially take us back all the way to test $50 again, maybe even $40. It would be the buying opportunity of the lifetime if we climb again after that, but this could take many months, and it is only a buying opportunity if it doesn't break lower then that of course. Confidence will be smashed for a good long time if we start dropping to that range. Arrggg I hate this, I would have much rather things just continued up.

I think some try to read too much into this, it's just big players trying to manipulate the market to their advantage. There is no reason to get wet dreams about $50 already, bitcoin does whatever the fuck it wants. Perhaps tomorrow it will rally up to $140. At least that sounds more likely than seeing $50 again just because some whales had a pillow fight just now.

Wrong, a sell off down to $50 assuming it held would make a triple bottom and would form a good basis for going up from there.

If only it wouldn't go up so fast.

Remember the price was $50 only a few weeks ago.

The coin will survive even if it goes to single digits, and then it will rise stronger.

As it did in 2011.

No, people just want to sound badass. It's the absurd attitude of "oh, i'm not afraid of price drops,it's food for me, I earn money with it".

It's pathetic indeed... noobs learn the hard way that trading is just a complicated way to loose money in the long run. Investing is a fundamentally different thing than trading. But those who know how to invest are just a tiny amount of people compared to the huge wave of dumb big mouth pseudo-traders.

It's absurd to look at a 120->50 drop as an opportunity to get 'cheap coins'. What are 'cheap coins'? Where is it written that bitcoins will worth much more than they do now even if they can drop to 50 every now and then? 50 usd might be extremely expensive coins if bitcoin goes down to 1 usd.

Look at the posts yesterday... no mention whatsoever about a price drop. someone dumps a huge amount of BTC on MtGox then suddenly everybody was expecting it and was just waiting for an opportunity to buy coins. Yeah, sure.
Funny thing no one even thinks about the perfect opportunity that the seller caught. There was a massive bid wall, whomever had a big amount of coins to sell could comfortably do it without seeing their order stretching over a 20 dollar wide price range beyond the trading price. It was nothing but the perfect timing to cash out to fiat if you had a big amount of BTC.

It's the same when the walls show up. Everybody is a market analysis specialist and is 100% sure of their stupid explanation of how every wall is 'obviously market manipulation'. I find it quite entertaining, just look at the market the last couple of weeks. Bitstamp wall is 2~3 weeks old and has held there with the price scratching it every now and then, MtGox wall gets consumed. Manipulation theorists could simply shut up, but they are already busy saying that they have always been bears.

We have lost 2 weeks of upward trend, i think we are gona test $110 and enter in a few consolidation days, only speculating tought 

It's a little sad because i wish BTC will be worth $1000 by end of year, but well we are in bear territory until some great news arrive (paypal accepting btc maybe?  )

Hello 115 

I did expect people to start cancelling 115 orders, this big sell bounced off. For now.

I wonder why they did not just do that. At one point it cost only around 200 BTC to break 115.

so... drop to 100 then... (if you're right).

It doesn't make much sense, most of the orders won't get filled unless the wall is broken through, and why would anyone want to sell at the beginning of a breakout?

Great! If you want the price to go up from here just quickly send me +100BTC for me to immediately dump them, you will see how the market immediately rebounds up - it never fails!

LOL

No, still not buying. I will buy some at $80ish and a whole lot more at $50ish.

If we don't reach $80ish and $50ish, I will be happy nevertheless - because I'm heavily invested. If we reach those two points, I will be also happy because I will be able to significantly increase my stash.

If we go below $50ish, I will be surprised and worried for mid-term. But I don't think we'll go below $50.

You have no idea how many people said I was crazy to sell (it went to $145 two hours later)....I've been looking for a re-entry point but its been so weird the last 3 weeks.

It's just miners selling their day profits

These are not speculators selling yet, they are holding dearly to their bitcoin all the way down

WTF is happening to Bitcoin this time?

BBC One in UK has just had its first feature on bitcoin on its technology section.

Seemed to be fairly impartial -mentioning many benefits of bitcoin but also silk road association.

Thing is drugs are the only thing that bitcoin is better to be used for buying instead of fiat.

You are pretending not to understand what I meant or should I explain?

I will welcome them with open arms 

You really have weak faith in BTC if you think that a bubble deflation can "hurt" it. Let it go bust. It will slowly recover, real economy and infrastructure will slowly improve, and it will rise much stronger during the next hype cycle. It can happen in 2 years. Seriously, who cares? This is not a get quick rich investment. It's much more than that.

Ok , I won't get it and I refuse to undestrand why bitcoin price has to go down in order to bounce back to 110+.

Because "store of value" doesn't mean "get rich quick". Two weeks, three months mean nothing in the grand scheme of things. Just think that 1btc was worth $0.079 in may 2010, $2 in November 2011 and $10ish in 2012.

If we close 2013 at $40ish, BTC will have worked as an excellent store of value for me. It's the best I know. If you don't see it, then you are just short sighted. Maybe you wish to buy today at $100 and sell at $200 in one months. Well, wake up. That's not how it works. Stores of value are for the long term, especially if they are commodity like and thus prone to volatility and manipulation.

Just zoom out and look at the big picture, guys. Really why are you interested in BTC? For the quick easy buck?

That's the problem of all those crying about the price going down, because it "hurts the coin". Come on... It's so obvious they bought during or just after the hype cycle, and they are scared and butthurt.

Fake ... as the last poster points out the 'email' is dated Saturday 9th June 2013 ... today is Saturday 8th June

Do you really need to wonder about such a poorly executed hoax ?

Unless there are more Pre-Orders for new Mining hardware, such as 32nm ASIC, that accept only BTC in the near future,  there will be little demand on bitcoin.    The price will slide below $90 by end of next week as ASIC vendors dump their bitcoins to pay their supplier/foundry.

$10 is unlikely.  Unless it's Winklevoss twins dumping their 100+k bitcoin in one weekend

Yes, they are pretty cheap.

A few of us warned weeks ago that this would happen... people want cheap coins? Well there you go. You have them. Fat lot of good it will do you now.

Not really -- any hopes of recovery up until 2 weeks ago were pretty much ruined by manipulators aiming for "cheaper coins". It removed all steam from the market, and has cheapened the value of bitcoin. Now we're seeing the result -- the cash-out.

They wanted cheaper coins, they got them. It's time now for people to fully reconcile the phrase "cheap coins" with reality.

100 is not cheap. People want 70-30

Date Registered:    14-03-2013, 03:59:40

Babby's first Bitcoin bear market/major correction.

well maybe it should go down.. until we hit bottom..  so we start to go up again.

Bottom hit?


( chart from: http://bitcoin.stoto.net/ )

The only thing I'm currently concerned is that there is/are a dolphin (I find them cuter) who was able to manipulate once the market , when it was around 120.
If the price drops , even now at 90 , if he buys back he will get more BTC than he had and he can play his card better.

Now , if he keeps this game with 2 drops and then one buy a few times undisturbed he will slowly gain more influence ....
Of course we add around 3500 coins daily to compensate this , but, still an unhealty scenario.

A guy with enough bitcoins who is in only for gains , enough power to influence the price... sounds like a .. central b***.

Waking up to a price of $90 is not nice, what the fuck guys?



I'm losing faith over here.

it'll bounce back, there's no reason for the drop - people are just dumping and buying back in for extra coin, don't be one of their victims!

As much as I would LOVE it to go to 50, what makes you people think its not a repeat from 3rd of May?

Because this will mean that bubble is largely over and I can buy bitcoins at a price that likely will not halve, split the wallet file into three separate files and forget about checking damn clark moody more often than facebook for a year or two.

Add me to this list. I sold mainly in the $160's and I'm looking for cheaper coins. I did a couple of trades since but only made a few thousand USD so I decided it wasn't worth it and I'll just wait for the good prices to come then buy and hold until I dump it all again.

It's dropped a load since I sold already and I have a feeling it's going to drop much further.

Exactly right. Bitcoin has never been a billion dollar market in the first place. The figures most people are touting from Bitpay are hugely inflated because of mining equipment, and the evidence like data on sales of Humble Bundle, Reddit Gold and bitcoinstore suggest that people don't use Bitcoin as a currency in any significant way.

The only 3 ignored users here with noticeable dark ignore buttons are:
Jaroslaw
Coinseeker
Chartbuddy

Riddle - One of them is our friend. Which one? 

Feeling playful lately. Bought some on the way up at $101ish due to move up backed up by volume, sold at $108.5

I don't expect BTC breaking $115 before crashing again.

it hardly crumbles

Is this the same as "six-sigma" (meaning extremely improbable event that has great impact because its extreme improbability)?

They use "six sigma" also in manufacturing as error level. If a probability of every erroneous task is 6-sigma, the final product is quite unlikely to be defective no matter how complex it is (automobile, etc.)

My IQ is 2.9-sigma, so it is very high (Mensa level is 2.0), but in itself it is meaningless because there are 100-thousands of as intelligent people around.

Still no volume. Perhaps the volume will come along if it keeps slowly grinding along towards 115 but I still don't trust this 'rally' and will keep watching from the sidelines.

This is the "unknown" type of stuff that can make BTC run again. Another Cypress and we all saw what that did to BTC.

Maybe you work better with pictures.  

"On 25 March 2013, a €10 billion bailout was announced in return for Cyprus..."
Note, it was talked about before it happened. Just look at mid to late March and what followed. Clearly no coincidence.

My bad, must have been one of those coincidences...

Nah there's enough bulls. Only thing is they want 'cheap' coins at sub 80...
so everybody's waiting for further crashing/deflation.
We just need to wait for the impatient to make a move.
some might call this 'consolidaition' but I think most are just waiting for 'cheap' coins
we have to go to at least 'cheap' coins before we go 'up,up,up'

It makes a massive difference if you buy at 30 vs 110 if bitcoin is going to the moon. You have 3 times as many of them.

That's what I said a few post's back.

Unfortunately I was late to the party. I definitely embrace "cheap" coins. On the other hand, if the trend goes up, I will buy in whatever the price.

But we all know how much was bitcoin when it was used only for illegal purposes and not for speculation like today. I would like to hear your opinion on what will happen with bitcoin if it will be illegal to run a bitcoin exchange? Of course TOR-based exchanges could appear, but big money would be gone.

I always thought that bright future of Bitcoin that we look forward to is not being a currency used by criminal big money, and when somebody mentions big money they mean investors, not human trafficing and weapons.

But yeah, I'm fine with that as long as price goes up.

Is there something I don't know?  No reason the price should be going down further... oh well.

I hope we'll go down to below $50 (and hopefully will not dive deeper). Want some cheap coins.

I want this heaven sent opportunity to continue 

People on this forum are looking forward to whole countries going bankrupt and you are surprised by this?

We'd probably be at that point already if our mystery weekend 5am coin dumper hadn't appeared on the scene last month, the price was climbing nicely until then

85$ bottom for this fall!
Any other predictions? 

Just look at the Top 20 Richest Wallet Listing (if you have archive that list previously).   The list will calm you down.  If these wealthy people aren't worry about the recent price fluatuation, neither should you

Enough already.  Ignored.  Goodbye.

The bounces were smaller every time, indicating that the market will not (yet) want to go up. This means it will go down. If it can't go up here it will go down.

This will happen:

-> a little bit more bouncing around here at these levels
-> decisive move below $100, breaking previous lows (huge triangle break)
-> fear and panic
-> $50 -> bounce -> a few weeks of hope -> down again
-> $50 -> smaller bounce -> a few days of (smaller) hope -> down again
-> $50 -> uncertainty, fear -> break -> stops triggered and n00bs panic
-> $30 -> strong bounce -> a few months hope -> down agan
-> $30 -> smaller bounce  - a few weeks (smaller) hope -> down again
-> $30 -> uncertainty, fear -> break -> more stops and more panic
-> $20
-> me converting most of my Fiat to BTC
-> price goes up again, third bubble slowly beginning.

I'd believe its to pay off the private mental institution holding him    

One can never be entirely sure, but I don't think so

He is certainly quite an unusual character, that's for sure. But if it wasn't true, he should be writing books, not hanging around here. Sometimes life is stranger that fiction ...

Is there any evidence that meeting happened at all? And if it did did anyone else confirm any of those ridiculous stories of what happened there?

I cannot provide you with any 'solid' evidence, but if you look back through the posts, you will see that several other members claim to have attended, and that there was some trouble although they were not affected by it. So its either all true or their in on the gag too ...
Why don't you call up the hotel yourself and ask them. I think that will be the only way you will be satisfied.
His name is  Rosti Pietila

EDIT : Just read your post ... I am not saying I think he is totally sane ! But then who is ??

He never said that, he said "potentially lost". He only confirmed 1 BTC as lost.

ADD:

- The Haikko thing happened for real, also I sent Roni and Annina to the U.S. for the duration of the San José conference. They are still there though currently not paid by me. I spent in excess of € 20,000 for Haikko and San José participation even though I did not participate myself in San José.

- It is likely that no bitcoins were stolen from Haikko, only a personal item worth about 1,000mBTC.

Maybe they decided to the some vacation. Standard vacation time in Europe *starts* at about double what is typical in the US.

I don't think it's appropriate to press him on why he was placed into care. Really, what relevance does it have on Price walls in MTGox??
If he has been placed in a closed ward then people who care about him obviously have some serious concerns, I would just leave him be. Coming here and chatting obviously gives him some comfort so lets leave it there  

I have friends in medicine concerned with brain, mostly neuroscientists and neurologists. Would you be surprised to learn that it is becoming more and more acknowledged among academia that psychiatry is a pseudoscience and metal illnesses as defined and diagnosed by psychiatrists are false concepts?

And it doesn't mean he is sick in the head. Think you might have missed his point. Mentally sick is defined by whatever psychologists define it to be and has been through our history.

Perhaps Rpietila went through a hard time and that mentally taxed him, maybe even broke him - but that is what a sick society will do to people.

I try to remember this quote - Krishnamurti: “It is no measure of health to be well adjusted to a profoundly sick society.”

Anyone else feeling a rally?

Detroit going to default, bid side is heavy and we have held the 100 dollar mark nicely? I'm 50% fiat and planning on a buy in.

And there is no way to login into mtgox right now

Yeaaah i am not on the forum all the time like you sarc.. i have patients to deal with.. but seriously has any of the TA ever proven correct??

Ah, an easy "out", always the hallmark of a something solid. Seances work too but not if you don't believe.

You think gold can't vanish?

yup, nothing like a busy market place for restoring confidence. 

I would be surprised if more than 50% of people on this forum featured some sort of mental fuckup so great it incapacitates them in some way or another. Rpietilas fuckup is quite visible, that's what discerns him from many here. Also: there is no "normal" and no "sick", really.

What counts for me is that when you make a deal with the person he's honest, available and reasonable in communication and reliable in action. This has been the case for rpietila to an above-average degree on the occasions I traded with him.

sucker rally

The G8 talks are currently being held in UK and this story is getting quite a bit of airtime on BBC at the moment:
http://www.bbc.co.uk/news/business-22948369

Washington is continuing to put pressure on Swiss banks to hand over details of US bank account holders.  Potentially, account holders could end up looking for another anonymous place to store their wealth.  Maybe bitcoin could benefit...

Uhm yes.

Sticking out like a toilet in a dessert.
Is it Dump time here?

This is my feeling too. Anyhow, I'm so used to "fake" walls that get immediately pulled as soon as the price get close to them that it kinda puzzles me to see a wall like that being chewed in this kind of slow and bearish market. And that wall was really chewed, not a lot because the volume is low, but it was chewed indeed and it didn't moved a single inch.

Boh... Will see... I'm not buying, that's for sure.

Let them sell, this rally has just started. They are the ones missing out in the end.

The weak hands are soon emptied...

Tipping point approaching, up or down? I'm betting down, I say $100 will be revisited and possibly broken before breaking $120 on the upside. I give it 70/30 odds.

The past month has been a cut-and-dry downtrend. Good luck pitching investment to a newcomer, let alone convincing them to pay more than $100 for a coin. 100 euros was a nice ceiling on btc/usd (~$130), 50 euros will be a nice floor.   

If the moon affects behavior enough to show marketable increases in crime, then why not buying behaviors? (Ever wonder where the word "Lunatic" came from?)
I know my dream intensity increases during full moons and I've seen too many children have trouble sleeping during them, so something does look like it is being affected.

We are not just walking around on a planet, we are a part of it and the Universe we live in. Our habits are influenced by everything,... grasshopper.  
(And then there is the Quantum Physics perspective if you prefer.)

And even if it weren't there's a whole plethora of more plausible explanations - such as, off the top of my head, it being possible for criminals to see more without artificial light - before we need to start looking to tiny gravitational and magnetic differences as have any likelihood of affecting our behaviour!

It's like the homoeopathy thing.  I won't deny some people who go to homeopaths feel or even get better.  But until experiments can isolate 'water memory' as being the most likely factor there's a long list of probable causes to explore before we can reasonably assume there is anything in it.

Yes, and isn't that fantastic? What's also magnificent is through our discovery, exploration and development of scientific principles and methods we have a means of differentiating between stuff that just seems like it ought to explain something and the times where correlation actually does mean causation.

Having said that I'm tending towards thinking we need the dreamers to come up with really random propositions unhindered by too much knowledge of how things work and how we know stuff - so that the more methodical of us have things to test for!  Even if 99.9999% of them turn out to be baseless every now and again we will come across something that is potentially world-changing - and that has to be worth the price

Apologies if that was a bit deep for this time of day (if you're anywhere in the region of GMT)

Sorry, but I studied crime in school at the bachelors and masters level. I've seen the numerous studies. The only counter argument that has any validity is that it is lighter outside during full moons, but criminals tend to like darker places...

You can comment upon anothers experiences but that is all you can do. It is quite individual. I'll go with the "primitive" peoples of the world who understand the dream world better. Speaking of, I have studied dreams for years and the correlation between full moons and dreaming is quite obvious. Now, if you practice recording dreams for 10+ years like me and you have first hand experience, then I'm all ears. But I have a feeling that most that comment, well, are just commenting.

It is amazing what a competitive, insensitive, western way of life will do the people and the scientific community at large. But the other studies are still out there.  

How about this, since this is the wall thread and I don't want to offend others outside their beliefs, you go back to yours and I'll just go back to mine...
Now most are happy.

I studied it for years. You go do the same and then get back to me. (And I don't have the links right here with me, but if you are a disbeliever that is fine. I take no offense.)
I prefer not to even say I am a "believer", there is something called first hand experience, knowing and then of course just good old observation.
Hurry, the lady in the red dress returns...

Isn't that just anecdotal evidence, which is notoriously unscientific?

As usual their communication is amateur BS.
Maybe behind the curtains their Japan bank account has been frozen for 30 days pending review.
Inside our hearts we all know that sooner or later it was going to happen. Maybe it is about time to shed a tear and discover what happens to bitcoin without Gox.
Maybe.

Damn good point. I got to a stupid conclusion thanks for spotting it straightaway.
Ah well I blame it on this morning's hangover. Need more coffee.

Scientific? Like the premise that we originated from a big bang?

Hey, the scientific method is great. But it also sets the rules on what is possible and what is impossible. In a sense, science sets rules and with those rules it
excludes things that don't fit its model. The thing is, science, as great as it is, is still growing. So, until science discovers more, it is dependent on the
variables it sets up to say what is possible and impossible. In a real world example, I would look into certain types of experiences that humans have
that are termed supernatural (or excluded in other ways.) Well, there needs to be instruments to measure some of these subtle energies employed in
the investigation. I do believe that is starting, but we are a long ways off as there is something at stake regarding the current "system".

The miraculous, which many of us have experienced, is generally not reproducible. Guess that means miracles don't happen (according to science).

There are many many flaws in science in these ways. It is valuable but at the same time it is being handcuffed.

2 weeks and everyone is bailing?
I guess they expect the 2 weeks to turn into forever

can someone please link a press release about this?

Me, at a nice 57 BTC profit since last time i sell.

6 business days left!  

That is a good question. I think it honestly means that people want to cash out - or - it is fake (which I doubt).
Gox is not representative of BTC at the moment due to the 2 week "ban" on getting your money out.
It is like an artificial buy signal was imposed. Those coins that are moved to bitstamp might just be being sold at the Gox price.
Not sure but something weird has been happening for a while now.

So this is something everyone around here completely accepts?

What's your bet for the next week? up or down?  

-off-topic mode on-

Hint: https://btct.co/security/BASIC-MINING
today figures: https://bitcointalk.org/index.php?topic=130982.msg2532580#msg2532580

Price already rose much today, but math is hinting up-to 2% dividend per share/week at current price.
You guess what would happen?

Ah ... tips here: 11NVfnzD1PRm7FzJwbBT3vP6KH2PwRTjU  


-off-topic mode off-

I would have bought myself, but the shares are too expensive for me. Instead I went with DMS.

Let's do a little math.
Daily dividend was 0.00013, weekly is 0.00093.
Hashrate is going to multiply roughly by 30x.
Current price is around 1.20.

30 x 0.00093 / 1.20 = 0,02325

theorically meaning 2,3% weekly dividend, paid daily.
Percentually it's about 3x / 4x latest AsicMiner dividend (i'm a shareholder too).
Still doubts?

This rule applies to me also. People like us should philanthropically sell our bitcoins to ensure its future success.

Well i don't know, but 2GHs to 60GHs ... and miner is mining today, i've posted the figures.
Personally i wouldn't even ask for a 2% dividend, i'd settle for 1%.
Share price would probably rise the same.

That said, i'm not bASIC owner, nor a seller. Don't trust me, just think it your way.
That was a simply hint.

EDIT: ok, now slow down, it's selling out   
tip: 11NVfnzD1PRm7FzJwbBT3vP6KH2PwRTjU and you'd better pay, greedy misers, or no more hints 

Thanks  
Keep an eye on dividend within a few hours.
Hope we'll have a nice gain.


Yes, i'm stopping deriailing, now back on topic.

There was no drop last 8 trades were all BUY, maybe you are referring to the ask / bid spread.

EDIT: just a correction about bAsic, i've seen some explanations here: https://bitcointalk.org/index.php?topic=130982.msg2533488#msg2533488
a big part of past dividends was composed by ASICMiner shares dividends, so in short the step up won't be 30x.
I'm holding, i think it's still a good investment at current price.

I was genuinely willing to help.
However, you have a msg.

All my bitcoins are back in cold storage. It was fun watching the price rise to 114 but I don't like how things are feeling right now. I'm mentally preparing for a price crash from spooked people (Not that I'm going to join in).

A semi large sell and then that 2500 @ 113.65 wall if I remember correctly

Karpeles will massively sell when it hits LTC/USD=3$

MtGox's fat boss - I was joking about how good he is in running his business...

Petty much agree, bought LTC at roughly 0.0025 and planning to dump 90% of my remaining holdings at aprox. 0.03 or higher, which I guess will happen after Gox announces official ETA.

Already cashed out a big chunk between 0.019 and 0.025, as I said earlier I will just keep a few hundreds of LTC to dump them on Gox regardless of the price, only for the lulz honestly as I expect the best time to dump will be shortly before LTC hits Gox.

Because normally all the pump&dump scam coins raise before they hit the exchanges, to fall hard as soon as they hit it. I guess everybody buys on the news this or that scam coin will hit an exchange (normally BTC-e), and then everybody immediately dumps it, as all the "investors" are only after the quick buck...

It *may* be different for LTC and Gox, as this exchange has a huge user base that might never use the their exchanges where LTC is traded, and LTC community is orders of magnitude bigger compared to the other coins, but I'm not going to take that risk with the majority of my holdings... Just with a tiny fraction that I will hold for the lulz. I'm assuming people will buy like crazy when there will be an official ETA to Gox, and in my book that's the best time to sell, when everybody is buying enthusiastically and bullishly.

Rampion may be correct to sell shortly before LTC hits Gox (sell on the news). But, there are going to be a lot of people who will want LTC that don't currently have them. S3052 may very well be right in that the price will jump to $4-$6 per LTC. I picked up some today (even though I was initially against it), it is a gamble as I think BTC is going down from here, but hopefully LTC goes up enough to overcome that.

Damn, I just bought!

2BTC won't hurt much (I think....)

Unless MtGox delays further or changes its mind again.

weeeeeeeeee

double digits knock knock knocking at Gox's door

China 15% volume, 2nd biggest exchange the last few days, interesting times

See:  http://en.wikipedia.org/wiki/Keynesian_beauty_contest .  That's what Bitcoin speculation is mainly about.  Or not.

ShroomsKit... Tell us the truth... Did you sell yet?

And Nagle... Did you buy, Nagle?

What's your entry (average price)? Have you taken out your original investment yet?

If it drops more, can you afford to buy more?

Just curious.

With your constant complaining about the price going down a dollar and what seems to be little understanding of how the market works, its hard to believe that.

"Wahhh, someone took a profit, now I'm losing munny They're a big dumb doo-doo head too!"

Sorry, but you're really annoying when you pull that crap almost daily.

Are we really calling these guys whales at $1500-$5000??

Who are these whales slapping the market around?

It'd be lovely if any of these whales could make a guest appearance here (even in a throwaway account), and tell us a couple stories..

Cmon guys.. I know one of you out there is bound to be reading this...

Like many others, I'm placing bids and asks to try and take advantage of the situation to make a few bucks. The depth is probably a result of everyone doing the same thing.

There isnt any lag? And its mostly irrelevant at a time like this. Place a bid somewhere pretty low, depending on how risky you are, behind 500-5k of bids... then place asks 500-5k behind the other asks.

If you did this throughout this situation, you'd have made a killing. All it relies on is that the market acts extraordinarily stupid, so this wont usually work, and you wont be able to tell it would have until after the fact.

This Citibank plutocrats are defending their business, they are starting to be afraid of Bitcoin. Cool.

The ones thinking that the bankers would let Bitcoin alone are foolish. Bitcoin is a natural born enemy of the traditional financial system. In the long run, only one can survive.

Let the games begin.

Those are delusional libertarians who believe in the mantra: they laugh at you, they fight you ,then you win.
Yes Bitcoin network would still exist and mined but valued in the single digits.What a win it would be!

I kinda feel this aura of general consensus that we're going to double digits for a while..

If most are feeling this way though, why aren't we going down?

Who's providing the support?

So what's the general consensus here guys?

Will gox resume USD withdrawals in a week, or will the "extend the deadline"?

Will gox ever resume them, or is there excuse BS, and they are being regulated out of existance?

If they resume, what will happen to the price?

If they don't, what will happen?

The realization that we will probably not be seeing triple digits for the remainder of 2013. Who knows about 2014.

Regarding withdrawing, I don't have that itch because of a lack of trust in MtGox but mainly to protect myself against possible irrationality/mistakes (buying into bull traps). There is a certain barrier in depositing because it takes time, so you are likely to make a more informed decision. I think I can handle it though. At a certain point I plan to split between long-term BTC holdings and speculative money.

Taxes would hurt a lot?

You guys truly think that you can predict, at level that is somehow even remotely likely, that price will stay at <100 $ long? Look around you, does it seem that world is changing fast or superfast? Bitcoin will die or it will go to the moon and it will not take years (it's possible, but not even close to likely).

Theres the panic! Woohoo, $92.5

In your opinion how far down are we goin.

He should at least have an opinion.

But that's the game isn't it. What good is an opinion unexpressed?

+1

I don't see any cheap coins yet, not even at Bitstamp.

You want to make a bet on this?

Isn't Adam's 180 in x business days same bullshit?

I have to agree with you this time. It's very good for the survivability of Bitcoin. This is also very anti-Libertarian news. Soon Gox will be offering a free McDonalds Happy Meal with every deposit in their national currency of $100 or more. The Libertarian nut jobs on this forum drove me so crazy at one point I said fuck this place, deleted every post (almost 3000) and had theymos delete my account (CornedBeefHash). I just started watching the forum to see when to sell my stash of Bitcoinz. It's really hard to just watch for news and not have the ability to tell some of the turds off. I had to be able to post and tell them how stupid they are so I decided to QuestionAuthority at every turn. The hardcore Porcfest Libertarians in TBF like Voorhees are going to end up Republicans if they keep making truckloads of money and going mainstream. It's a great treat to watch them slowly sell out their principals to be wealthy. I actually expect to see him on a platform next to a republican presidential candidate someday screaming "no new taxes". lol

Yeah, but just a whiff ... cant see the white's of their eyes yet  

Did you sell yet Shroomy ?

Don't quite agree, bubble brought loads of publicity bitcoin wouldn't get otherwise so it was good thing. Some got burned, some came to stay.

And crash is not problem or correction or whatever we call it, I'm talking about people being happy and pushing for it. Like Blitz for example - moderator on main bitcoin forum, just look at his posts since he sold. He was nowhere to be seen here but last few days can't stop posting same stuff.. If crash is something that is supposed to happen, I really don't think long time Bitcoin backers should publicly be happy about it, it's an awful thing to read by some noob who's considering going into cryptocurrency.

Kinda lame but I guess that's how it is..

Exactly, noone should be allowed to have a bearish opinion on Bitcoin prices.

Being bearish is OK, we're pretty much all bearish at this moment.

Trolling bearish stuff twice an hour to spread that bearish sentiment even more to rebuy again rather sooner than later is another pair of gloves.

You're close to become another Jaroslaw and that's not a compliment  

He's doing that all over the forum right now. He and Viceroy have worked together and killed three threads today.

I would like to be that positive, but why is that so?

He isn't campaigning against bitcoin.  He is saying he thinks the price is overvalued for now.

More than 25% is control and monopolized by friedcat the Monster Head and those monsters babies such as you. He manipulate you and the all the bitcoin community members. Now he dump his bitcoin when the price is low enough he buys back. He dumps his outdated hardware to those stupid fools and he create new hardware and do another IPO. Don't feed the Monster please!!

You and him both.
Perhaps two sides of the same coin.

You don't have to make claims to be full of it.

Where is Rampion? I want that kid to sell low and buy high again....

That "prediction" was already invalidated briefly after it was made I remember. I should probably modify it to "No more sustained triple digits in 2013" whereas sustained could refer to either time (maybe 2 weeks?) or volume. I honestly don't see us trading above 100 for anything more than a spike.

Triple digits is a thing of the past.

He has a bear avatar, it's his identity.