Lady, gentlemen: I am all in.

lets see if we can break it this time...

Where is the 3k Bitcoin wall at Bitfinex?

I just go out a little and when I'm back that wall that was supposed to take days to be broken is gone

Hello,
We are pleased to offer mining contracts as trading product on the Bitfinex platform. We have worked for some time to develop what we believe is a superior approach to “cloud mining” that is smartly packaged to offer simplicity and transparency. While we are very excited about this offering, please note that we consider this a “live beta” as we continue to tweak the product to meet the need of our traders. Because it is a beta phase product, the first “tranche” is purposely small and short-dated. As we gain experience in administering this product, assess demand, and incorporate feedback from our traders, we will introduced larger and longer dated tranches. The contract specifications follow:
•   Trading Pair: TH1BTC
•   Tranche Size: 100 THS (terahashes per second)
•   Expiration: 3 Months
•   Pool: TH1 is part of a larger pool (~3,500 THS total). Statistics regarding this pool will be posted regularly along with blockchain transaction id’s will be posted and frequently updated.
•   Pool Fee: 3%
•   Hosting: All hosting, power and maintenance cost for the duration of the contract is included in the price per TH.
•   Margin: TH1 can be borrowed and sold short. We will start out with a 25% Initial Margin Requirement, but we see that going as low as 12.5% in the near future.
•   Dividends: The blockchain time stamp on block rewards will be used to determine “holders of record” at the time that the block was mined. Positions will be aggregated between balances in the Exchange Wallet and trading position in the trading wallet to determine a “net position”. Dividends will be computed as the pro rata share of the block reward less the pool fee. Longs will get paid dividends in their default wallet. Shorts will pay dividends from the Trading Wallet only. Longs who provide TH1 swap liquidity will still receive dividends.
The product is designed as a “depleting asset”, whose value will continue to go down all the way to zero at expiration. Coupled with the fact that all hosting and maintenance is already included, we expect fair value analysis to be much easier for the average trader and cloud miner. TH1 will also be the first shortable mining contract (that we are aware of) further enhancing efficient price discovery. Trading will commence at 9 AM EDT on Monday September 15, 2014. We welcome your feedback and, as always, we thank you for your business and continued support.
Regards,
The Bitfinex Team

I'm guessing you are looking triangles? Yes it has broken up, but it also broke in a similar way yesterday (from a different triangle). I think the whole thing looks a bit like late April and early May.

so at what point do people believe we start to overheat? is it on the verge of happening now or has it not even begun yet?

Pretty hard to BTFD when there's no dip.

I can't even remember the last time there was a fucking dip.

As I am out and about most days I look at the CoinDesk app price and it says $1717.

Just looked at coin market cap and it says $1828!!

What's the best iOS app to keep an eye on the price?

I don't even know the cost of 1 bitcoin anymore!!

Is there even a point to shorting anymore? Just go infinite long and you will make infinite bitcoins.

It's so easy to safeguard private key(s) through misdirection; just hide them in a personal image from your dog or something, and store that one between your other personal photos. You could even upload that to a cloud or whatever other online service in a shielded environment, and still be very safe even if you got compromised; no hacker is interested in stealing personal pictures of your pet... Unless, the hacker would be really reaeaeaeally paranoid that is off course  

Sorry to rain on you but have to disagree, this is bitcoin/blockchain and things move quickly, if Bitcoin doesn't develop and evolve and add utility to its bag of tricks it will be replaced just like any other organism or technology. Bitcoin % of market cap is below 50% and the trend is one way at the moment. How much importance will people place on Bitcoin as a store of value when it's <30%, <20%, <10%? The money goes through Bitcoin to other crypto at the moment, but the bulk of new money is going to other coins right now because they have the usecase propositions not Bitcoin.    One upside is that the big gainer of the last few days is cripple, and that tells us that the people investing don't understand the difference between a distributed and a decentralised ledger and still think a walled garden is a viable proposition on the internet.

seriously, I just saw this, wtf is that about? 

Problem is that now marketcap is $86 973 303 515
In 2013 in PEAK it was approx 10 times lower..
+ BTC dominace is only 44.7%.
In 2013 it was 90+%.

So this is not like 2013...

Yup
And I feel like I've really opened my short too soon :/

The worst possible scenario would be huge rise to 3500$, making me liquiditing all my positions, then a sudden fallback to 2000$, making me losing all my benefits in capitalization xD
That would not be cool at all.

Just hoping for the dump to happen soon, the sooner the better. Don't want another panick day followed by a flat pathetic 2 years :/

Probably gonna see a bottom at 2380-2420

They should start calling it "Global Divergence" next, then they could say some places are getting colder and some hotter, all at the same time. They could sell CO2 credits with one hand to stop global warming, while selling cooling credits to businesses that reduce CO2 to stop global cooling. Get their cake and eat it too. Win win.

2nd. leg down.

If you are in Europe, you don't have to worry, you only pay tax when you exit to fiat. If you are in north America you can cash out in the Canadian ATM's.
I'm in it for both the ideology and the cash. If crypto for some reason crashes totally, I'll still mine my Bgold and bide my time. That would actually give the community time to develop a more mature environment with working P to P exchanges, good scaling capability, and everything else we need to be untouchable by governments.

I suppose anything is possible. Nobody thought it would go to 6 cents in April but it did.

Do you think NEO is more stable then BTC ?

I disagree with that notion. IQ is a statistical measure of rather arbitrary test results of tests that can be practiced for. If you really cared you could increase your IQ to 120~140ish by sheer effort. From that point onward we're so far to the right of the mean that no tests really exist in sufficient volume.