I prefer it without the glowing ignore button because there are less distractions that way.

No, people would not line up and pay $600+ unless they also called it iPoop. The logo alone would not be enough to convince people.

The boring price range is incredibly dull this weekend. Most of the time there are only a few hundred Bitcoins traded every half hour on Bitfinex, and sometimes there's almost no trading at all. I expected automated bots to keep on micro trading when everyone else stopped, but even the bots seem to have stopped.

I'm not so sure it's due to a conspiracy, it could be due to what technical analysts see in the charts. Blitz says the daily and weekly Bollinger bands are at the tightest levels they've been at for years. If you check out most of the technical analysis threads here all the chart guys think we are at a pivotal point and have been expecting a big move one way or the other. Big time traders take technical analysis seriously and what it predicts can have a huge effect on the price.

We can't be sure until it is confirmed that all the pools have stopped SPV mining and upgraded to the latest version of Bitcoin core. I read that whole thread and nobody knows for certain. Here's one post from it that suggests the problem might be fixed, but clearly says nobody knows for certain.

We don't know until an expert posts some conclusive proof that it's fixed.

Before the BitLicense was released the Kraken, Circle and Bitpay were all highly critical of it. I have not yet come across any information about how Circle and Bitpay will react to it, but the Kraken's reaction came out of the blue. If Circle or Bitpay decide on the same reaction their announcement could come without warning the same as the Kraken's announcement.

That's the whole point. They get to interpret what their own arcane language means, not somebody else. It can mean whatever they want it to, and if you try taking them to court about it the judge will be on their side. There's no way you can use it against them because the system is on their side.

It's enough of a nightmare for a small timer trying to decide what the price will do today. I'd hate to be an auction bidder gambling millions on it, and having to pick a bid price . It could do anything from here so the auction bids will have the widest spread ever, probably between $100 and $400.

As soon as I  saw the $10 drop I checked here to find out if anyone knew why it dropped. This thread's the best one on the forum for getting the latest news. Thanks for the link, it explains everything. So we have to wait until after tomorrow to find out how hard the EU decides to come down on bitcoin.

What do you do if the dumpers merrily dump straight through your (small) bid, and keep dumping down to hellish levels before you get a chance to react? Is that a chance you have to take when trying to catch a falling knife? I was tempted to buy yesterday but I couldn't work out when the dumps would stop.

It's the amount of time left before the block halving. I couldn't work out what it mean't either until someone explained it. Maybe it should have a label below it explaining what it shows. The acronym on it isn't self explanatory, but there's not much space to fit a string of words in explaining it.

There is the next Gox creditor's meeting looming up in February. If the receivers finally start distributing the coins, or auctioning them off it could become the biggest event of the year for Bitcoin. They just kicked the can further down the road at each of the previous creditor's meetings, but they can't keep doing it forever.

Paul Vernon had at least one contact in the Secret Service intelligence community. That Coindesk story says Cryptsy had a relationship with the former Secret Service agent Shaun Bridges who was sent to prison for money laundering. It will be interesting finding out what the relationship was.

Bitcoin was hacked very early on, and any new additions to its ecosystem need extreme testing before they are incorporated in case they introduce weaknesses. Vaporware cannot be tested until it's completed, and its inventors shouldn't be arguing for its inclusion until they have the let others do extreme testing on the completed code to find any weaknesses they may have missed. Exchanges get hacked and the hackers responsible will go after sidechains.

Yes if your bank is in Canada, Singapore, or in one of the European countries in this quote from the coinbase support. You can't use paypal there, but international bank transfers are OK. Coinbase might have added more countries to that list since that support post was made.


https://support.coinbase.com/customer/portal/articles/1392031-can-i-buy-bitcoin-with-an-international-bank-account-credit-card-or-paypal-

He's probably talking about one of the Chinese exchanges like OKcoin that has no trading fees. There is always huge apparent volume on them, but it's most likely fake. There have been tens of thousands of coins apparently dumped there in the previous few hours, but there have also been tens of thousands apparently bought there in the last few hours. During those few hours none of the equivalent volume bars of Bitfinex were even 100 coins high, they were in tens of Bitcoins high.

I don't think it will have much affect unless either party announces they are banning Bitcoin. At least one of the republicans was taking donations in Bitcoin, so a republican ban's unlikely. The democrats like blockchain tech so they are unlikely to ban it too.

China doesn't want to break the code, it has a surplus of electricity it can't use from hydroelectric dams and such like. It's using that cheap electric to mine Bitcoins which get dumped abroad. Bitcoin is subsidizing all those giant electricity generating state projects, it's helping to pay their startup costs.

But a significant fraction of the miners are in China, and they all pay tax to the Chinese government. They also spend most of the money they get from mining on the Chinese government's cheap electricity. All the money they get from dumping Bitcoins abroad probably gets sent straight back to China to pay their electricity bills with.