how easy it became to bring the price to its knees, a 1000 BTC dump cause so much attention, there is no more interest in buying Bitcoin .... I have a feeling that the adoption rate is decreasing instead of slowing down or stopping, many people are getting out.

if things keeps this way, I will have to cash out everything in a month or so, better take my profits while I can.

I would love to answer but it will have to be a PM at this point because everyone seems to be getting a bit annoyed.  Wow.  Who would have thought that religion was more annoying than all the trolls combined!?  Interesting.

Stupidity and ignorance should be attacked, otherwise you're enabling them.

Are there still people here who believe this is just "shaking out the weak hands" and that we're about to go to the moon?

Let's call it what it is. Bitcoin is failing. People are getting out. Moving on to other things.
The peak is over. This WAS the bubble you all were waiting for.

There isn't massive user adoption that will raise the price. Companies aren't standing in line to use Bitcoin. Wallstreet isn't dying to get it.
Everybody has been saying that to the point where everyone thought it was true Well it isn't. You've been lied to.

The price won't bounce back. Feel free to give me one valid reason why it should. You can't.

Smart money is getting out. Just like i just did. But i won't go away. I will keep on coming here to see how you fools will post charts every day to show how we are about to go to the moon while in the meantime the price goes down and down.
I will probably laugh as well.

Nothing to worry about. Only a few dollars. Just some weak hands. We're going to the moon as the new deadline expires. The big boys are getting in. Wallstreet can't wait to get in.

Enemies? I think you take this internet thing a little bit too seriously.

Sigmund Freud
Born: May 6, 1856, Příbor, Czech Republic
Died: September 23, 1939, London, United Kingdom

Carl Sagan
Born: November 9, 1934, Brooklyn, NY
Died: December 20, 1996, Seattle, WA

So unlikely to be the case. Likely it's apocryphal but I always heard it attributed to Einstein.

If this is a dump of the ethereum investment, someone is going to lose. Is it ethereum, or is it the investors dumping coins via bitpay?

+1

 

Sure, but we're still in an enormous bear trend, and we're not even at the blood in the streets phase yet. Litecoin definitely is, and bitcoin will follow it down I suspect. When you see the bulltards here give up hope and admit the folly in their thought processes, then maybe, just maybe a few months later it will happen again.

That is, if we don't break $300. If that happens, all bets are off for the future of crypto. It would be a huge strike to the confidence of the crypto economy.

Fairly sure you are a) not an outsider, and b) probably operate more than one similar account on btc. Who are you really?

Bitcoin doesn't care what you (or I) think.

Now is the time to go all in!

Buy the walls guys, 180 is just around the corner.
new prediction new all time high will to be set in September

Why do people suddenly start selling after the price has reached 120? Doesn't make much sense to me?

It seems ShroomsKit has bought himself another account.

not a damn thing.

normalcy bias is strong with you that is all

The normalcy bias often results in unnecessary deaths in disaster situations.

Have no idea why... someone is keeping us in mid orbit for what reason you can only guess...

The takeaway is that people who sit out for long stretches while waiting for the perfect entry point into the markets are giving up their single most precious asset: Time.

As a bitcoin fan, you obviously want to stick as many applications as possible into the Satoshi2009 blockchain, in order to get more support for it.  But there are other blockchains in existence, and the bitcoin network's hashing power could be harnessed for other protocols and applications if offered suitable rewards.

What is wrong with his post ? why do you think he is trolling ?

Yes the block chain is more than 5 years old, and this mean that you missed the point of his post, any attempt to change/add anything to the Bitcoin protocol at this point or in the future will be hard and will get harder when the adoption rate continue to increase, even a simple task to fix a bug or to release a newer version will get harder, but there are working alternatives (chains) that attempts to solve and add new  features that we think will be  crucial in the future... so the question is: is it worth it ?

30 days in and he's calling out the trolls. Amazing. You should google the people you speak about prior to commenting on their intentions. He is in fact a scholar and a skeptic and I actually welcome his comments even though I often disagree. It is important to have people of different opinions offering up thought out, educated, comments. Too often you hear "BItcoin is a pump and dump" "Bitcoin will fail" "This is the last time we will see $500 buy now" and it is based solely on their current trading/holding position, emotion, and just to be an asshole.

I just had enough of the stupidity of some and the malicious and scammish behavior of others (there is plenty of them here around), and I see that most of people here don't agree with me, they get even offended because I crash their dreams sometimes,

so this will be my last comment in this forum, enjoy all of you

Congrats, you won the....wait, what did you achieve here ?

But I suspect that the May/20 mini-bubble and the subsequent relative stability will bot be enough to impress clients and the SEC.  On the other hand, those buying spurts should add up to a lot more than they could earn from fees.  

I just wish more people here who cheer about cheap coins with every dump would realize this. There is nothing to cheer about this situation. Unless you are a troll and want Bitcoin to fail.

Wait a tick! It's September!

Isn't GABI supposed to be investing billions of dollars into bitcoin right now? Don't tell me that it was all just more bullshit from the regular gang of hold-tards.

Fortunately, hardly anyone is interested in bitcoin anymore, and there are very few new comers. When a commodity drops in value consistently all year, that tends to happen. So less people that can be persuaded by the snake oil salesmen here, which is a good thing.

I've been nothing but disappointed since April's $420 month long bottom --> $680.  It's been nothing but down ever since.  So wake me up when we hit $680 again.  Otherwise I'm completely ignoring rockets/moons until then.

>Speculation subforum
>Trading thread
Hithere!

Poor wittle bears

Shorts on Bitfinex almost up by 1000 BTC today and is now at 9960 BTC in total. Shorting 1000 BTC at this price level... talk about confident bears  

Smart money understands that this will create more sell pressure, hence the price is dropping already. Don't be a maroon and a bag holder, cut your loose.

How many coins where bought between 150$ and 350$ ?
That is the question..

Apple is talking about replacing wallets right now.  Please say Bitcoin.  Please say Bitcoin. 

feels like thats all thats left.

PermaBulls

I am not a miner myself, just amazed by the fact that XMR have really brilliant crypto graphers such as Wladimir van der Laan (lead developer of Bitcoin, took over after Gavin), Gregory Maxwell, nanotube, phantomcircuit and others involved. Although I am not a developer myself, but seeing the core developers of Bitcoin uniting behind XMR is unique to me and speaks a lot of about the anonymous tech.

cut your looses now         

buy all the bitcoins now, wow $450 is for cheap, the price "should" be at $2500, sell your house, your car, your wife and kids and buy Bitcoin, because to THE MOON.
if anyone said the above, he wouldnt be considered as a troll, but because I speak common sense and use my brain cells I am a troll. well a troll is a common adjective in this sub forum, so be it I am a troll  

If we reach sub $400 I'll sell all my bitcoins, adieu...

I've been reading about these mysterious forces that want to get in for 9 months now.
So who exactly are they and when exactly are they gonna buy in?

Could it be there is no big mysterious force that wants to get in?

Why is bitcoin going down?

The answer is simple -- the coins being sold are Hal Finney's coins.

Think about it.

This means nothing, Hal moved his coins around through many different addresses over the last few years.

Why is it that almost everybody in this thread is long and I am probably the only one short ?

The trend was down, it hit major resistance, it failed to rally on good news. Why would you be long in this market?

Why is everybody saying "YAY! Cheap coins" ??

Why are you trying to catch a falling knife? This might be the bottom but its highly unlikely its the bottom. It could go down another $50,$100 or $200 before it reaches a bottom and finds support.

Problem is, it's simply not true. In fact, that post is pretty much contradicting itself:

>There are plenty of people who bought in back in 2011/12 that are still up on their investments.

Exactly. After price dropped from $32 to $2. And people bought back anyway. Less people, maybe, but they stuck around.

In all likelihood, that's what's going to happen again this time... More despair. More people leaving for good. Some staying around. Eventually, a new rally. New people coming around because of the rally. Wash, Rinse, Repeat.

(And, of course, as always the non-zero chance that this is after all the last bubble, and the experiment failed. There's a reason why there's a substantial growth potential in price - because there's a substantial risk that it'll all go tits up.)

I bought $10K worth of another coin (not really an alt) that I am not going to reveal so no one will call me a pumper or have some agendas for "fulfilling my books"... when time comes I will talk about it

I see, you already read the picture book about market behaviors for infants where complex bearish and bullish market behaviors are simplified to a cowboys vs. indians game. You should also read the episode two about the good vs. the evil and where the one manipulator enters the game.

Picture book and fantasy finance markets!

Damn you for quoting the walls!

LMAO. Cowboys vs Indians. The one manipulator. Troll agents entering bitcointalk. What kinda freakshow is this?

What about aliens? We have no aliens here  

 

Calm down guys, SuperCircle is here. No worries, Krypton landing around the corner. Let's do jumping jacks and celebrate SuperCircle, our savior.

BTW, I just bought $100 worth of bitcoin from circle, and processed a withdrawal which went instantly... which means that they possibly have their own Bitcoin Stock, and this makes me think that they rushed with going live when they saw the price declining, maybe as a move to lower their "loses"?

And PayPal has grown more independent of its parent over time. Less than one-third of the total dollar volume of payments it processed last year came from eBay, as the business pushes into new outlets. In particular, it has looked to its acquisition of the start-up Braintree to handle mobile payments for hot e-commerce services like the car ride app Uber and the room rental site Airbnb.

sell now, or regret later

well duuuh, what sounds better

rally my *ss, those are your everyday small bumps on the way down

aah beautiful

"manipulators" eating their own walls, you guys go euphoric, gain confidence and start buying back. guess what happens next

I've noticed that "bearwhale" is now some sort of deity cult figure. Apparently he has a huge power over the markets. Reminds me of KARHU, but that one was a joke.

Repent!

Please back up your claim with some kind of proof.

Hmm. Looks like moving to imgur was not the correct choice.

I think a government or bank can do it way easier than this. I don't think that's what happening here.
I have no clue who else would do this and why. It's just that i can't find another plausible explanation for this kind of market behaviour.
Maybe our mod who kept crying how there is no manipulation can explain it to us.

But unlike you I tell folks to sell at the right time not just randomly like you whenever your bear personality kick in.

ya thats one market place, where poeple are already using bitcoin as intended, but it doesn't inspire confidence for joe blow, only Mr. Smokey Mc Pot, once people see bitcoiners trading all kinds of collectibles, second hand stuff, homes and cars, using bitcoin, a real proper economy, this will do wonders for investor confidence.

My best guess is that we’ll run into the 1 megabyte block size limit during the next price bubble

Anybody know where to buy that shirt? I need that shirt so bad.

People are so stupid, bitcoin is the primary currency of most darkmarkets, that is, a multi-billion dollar industry. It may go lower than 300 at some point but it is not going to die overnight or in the near future. Only when these darkmarkets transition to a superior more anonymous currency/platform we will see the true end of bitcoin.

...delays possible

EDIT: @ posters mentioning bulls and train pics, this is the first train pic since the weekend

+1 internet

that...thing...is so fucking annoying and stupid that it is pretty much obvious he is the biggest bag hodler here.

Bagholder detected.

if bitcoin goes to 5 $ and fails then it probably deserves it.

I dont stand those cultist' and ideological speeches in the speculation forum.

those speeches make me dump.

I can not share any details but those who are smart get out now.
This is confirmed.

flopping back down.  

That moment when you realize we are headed for $10k

http://i.imgur.com/xZjW9t5.jpg

 

How the ETF is going to push the price up ? Winklevoss already owns a shitload of coins that will be liquidating at that ETF, with this kind of really slow demand and with the amount of coins they own it will be a long time before anything could happen, them holding that shit load of coins is one of the reasons the price is still holding.


Beside, don't even mention wall street and this ETF until we see how the Bitlicence is going to look like, if it will be remotely close to what the regulators of NY state are aiming for, then you just kiss wall street and that ETF goodbye.

I think I will ignore that... (joke)

Hmm.. I am not hurting myself at all, and yes I am being condescending, very very much so... that is the whole point.

I do not think lambchop is a troll, I know he is, we all do.

I admit I find lambchop irritating, who would not? the only thing that would actually help  would be for him to go for a long walk on a motorway somewhere, apart from that I have no case, apart from maybe it would be nice to have a conversation on this thread without not lambchops, meaningless, pointless, disingenuous, little bits of tat every one or two posts, that is right every one or two posts..   and frankly I think some of the ribs I have given lambchop, have been quite amusing, maybe not your humor but each to their own.   I am well aware what a troll is, and I am well aware I am trolling a troll which is kind of pointless, but it will have no effect on if he stops or not, and you are free to ignore me, I do actually contribute from time to time (less and less these days, because, well.. becoming more and more pointless, because of people like nlc and the KKK clan)

Point is, little lambie has already been off his game recently, and I am not sure he likes me talking about doing things to his mum.... which as I say is a little reward, and frankly ignoring him, is great apart from he keeps going... pissing all over this thread and over any real discussion... that is the whole point.

I would prefer that a newb looking at this thread, sees me and everyone else handing NLC's own ass to him on a regular basis tbh, we all tried to be nice about it, we all tried to ignore it, but the little  dipshit keeps going, and the most annoying thing is 9/10 what he says makes no sense and is not in context...  

I really could not give a hot about nlc, but I had started to grow quite fond of this thread in someways... and now.. well.. not so much, it is like the notlambchop show, and frankly that is not funn or entertaining..

I will most likely delete my own posts...

Everyone is free to ignore me or lambchop or free to continue to lap up lambchops bs, up to them at the end of the day... the Bitcoin price is nto doing much so I decided a little bit of lambchop bashing would be fun for a little bit.

thanks for the advice, but I think I have got this.

I bought in 2013 and I in the green like damn green.

Wait for 2015 if you bought in 2014.

Is one year like impossible for you guys to wait ?

And you should have bought 1000 knowing what you know now.

I am sure it was painful for that long period of time though.  There was even more uncertainty then about where Bitcoin was going and how successful it would be than there is now.  Now we can see the infrastructure growing everyday.

I don't see anything recovering?

I will leave this place soon. Bitcoin is dead, it's only down from here and i sold everything i got quite a while ago so there is nothing for me here anymore.
I tried to help the few delusional bulls who just won't give up but they don't appreciate my warnings very much. Ah well, your money. I don't care really.
I'll come back every 50 dollar drop for some entertainment. So long and thanks for buying my coins at 400. Poor schmucks.

Good luck with your pump and dump coin.

Once again, YOU are saying "BTC is a ponzi scheme", not me. 

Those entrepreneurs obviously have substantial interest in making people believe that bitcoin has a bright future and is going "to the moon" any time now.   They are selling their funds, services, and bitcoins; and no one expects salesmen to provide unbiased evaluations or sponsor impartial data gathering and publication.  That is all.

Touché.  However, the stakes are very different...

Draper invested 18 M$ to buy the 30'000 BTC at 600$/BTC or so.  On paper, he lost at least 4 M$ so far.  SMBIT may have sold almost 100 M$ in shares (at the then-current price) and therefore earned at least 2 M$ in fees, but has sold very little for the last 6 months.  For them (and other bitcoin investors and entrepreneurs), convincing people that bitcoin will go to the moon means millions of dollars.  They  will spend hundreds of thousands of dollars in BloombergTV and advertorials in Forbes to push that view.

On the other hand, skeptics like me, Krugman, "Prof Bitcorn", and millions others out there will not earn or lose a dime, whetever happens to bitcoin.  (Actually, IIRC, Prof Bitcorn said that he does own some BTC.)  We will only have to deal with bruised egos (but economists like Krugman and Bitcorn are quite used to being wrong).  Apart from that, skeptics have no reason to try to influence the price; and they will not spend even 10$ to have their opinion published.

By the way, while I belive that bitcoin will not survive in the long term, I would not risk any prediction for the price in middle term.  It may even go back to the 1000$ range or more, who knows.  All I will risk saying is that, unless and until a large new market opens, the price will probably keep falling towards the pre-bubble level of ~120$ (or even ~20$, if the Feb/2013 bubble too was made in China).

I am not sure I understand the logic.  "I may have an oportunity to make more than 1000% ROI in the near future, but since I did not bet on that opportunity before, I will try to prevent that opportunity from arising."

By the way, note that my strategy -- NOT buying a single satoshi -- has put me in a much better position, vis a vis that fabulous possible opportunity, than all those who went "all in" since last November, when I first learned of bitcoin.  In the unlikely chance that I decide to invest now, I will get twice as much return on the dollar than those who bought in January and have been hodling since then.

nice lol. but why it says 6th of October in the picture?

Not this shit again. Let me guess, this is gonna control the market till the auction again? Like the "deadline" last time. It was the only thing people talked about and when they were sood nobody cared anymore and moved on.

The site http://www.walletexplorer.com/ tries to analyze the blockchain by clustering addresses into "wallets", where a "wallet" for them is a set of addresses that appear to belong to the same owner.

I could not find an explanation of their algorithm, but I would guess that two addresses are assumed to have the same owner if both appear as inputs to the same transaction -- since both private keys are needed in order to sign such transaction.  Thus, if even if a bitcoin-accepting business uses a separate address for each customer, once some coins in those addresses are dumped at the same time into a common bucket, this algorithm will identify them as belonging to the same owner.

The person running that site has identified several famous "wallets", such as the receiving addresses of BitPay, Coinbase,Bitstamp, etc.. Thus, for example, the following link shows all the traffic into or out of all the addresses that they associate to BitPay, merged together (instead of separated by address): http://www.walletexplorer.com/wallet/BitPay.com

With some kludgy hacking, I have collected the data of that "wallet" and plotted the number of transfers into or out of them, per day, and the BTC volume in those operations:





[ Click on the images for the full-size versions. ]

Beware that there may be addresses that belong to BitPay but were missed by the algorithm, so those plots may undercount the actual traffic.  on the other hand, some famous transactions (like the 0.5 M$ house purchase by Josh Zerlan of BFL, or the alleged downpayment of 1 M $ by hashTrade to BFL) can indeed be found in that "wallet".

There are a number of puzzling features in those plots, such as the nearly flat number of deposits per day over the past year (apart from weekly variation).  Basically, those addresses have been receiving 1000--1500 deposits per day, amounting to 500-1000 BTC per day on the average.

There is a Black Friday spike in the number of input transfers (3190 on Nov/28, about 2x the usual number) but not in the total amount of BTC transferred; which presumably means that the ~1500 additional Black Friday purchases were mostly small.  

The data file used in that plot is here.
The coumns are the date and 3 groups of 4 numbers: outputs, shuffles (coins moving between addresses in the same wallet, with zero change in its BTC value) and inputs.  In each group, the four numbers are op count and total BTC moved in that day, then the same accumulated since the start of the file.

Hope it helps.  I hope to post more details later tonight.

Adam is drinking, that's bullish!

The only thing better than an Ignore Feature, might be a stat that showed the number of people ignoring a particular user.  And then maybe the ability to auto-ignore users who have been ignored by a specified number of members. That would shut down these trolls and shills REAL fast.

Feature request???

Who are you again? You might want to stop using superlatives, unless you have a crystal ball.

do you guys expect a price to sub $200?