Bitcoin Forum

.

There is no bubble?  ;D

NO.. BUBBLE??

Saw it coming a mile away. Still lol'd.

Bears? You guys are oh so quiet these days?

Celebrated too soon?  :P

Short term false breakout, target: $138.

nah, just waiting for the bubble to burt, people have short term memory, this price rise has happened before, and burst before, nothing new here

Short term false correction downwards, target: $1380.00

You are one of those bears that will chase the price for months on end.

Proudhon can be a great mentor for you.  :D

i don't really care,i'm jsut telling you how it is, bubbles going to burst, suckers rally

I'm starting to think we could use Vlad's appearance in the speculation forum as a bullish indicator...

true, noones done beanie babies before, or dot com stocks when it came out, bubble mentality ' noones done this so its going to work', nthis is very entertaining for me, not a question if its going to burst, jsut when

Chris? Is that you?

just becouse its a bubble, doesn't mean theirs not money to made, i made a lot, however bulls have to realise that at some point shit wil lhit the fans

Lol Vlad, you really think that? I thought you got out of mining because it was better to just buy?

Nkspace is a noob. He is thinking "why I did not buy BTC in 2010?"

If you would've told me the truth, I would've told you to shove that pizza right up your ass!

Who doesn't think this?

If bubble happens, I think it will be something like this:

+/-3%

UP $155
DOWN $110
UP $115
DOWN $100

+1

My predictions are following:
2013-04-24 @ 129,59
2013-04-25 @ 131,83
2013-04-26 @ 134,10
2013-04-27 @ 136,42
2013-04-28 @ 138,77
2013-04-29 @ 141,17
2013-04-30 @ 143,60
2013-05-01 @ 146,08
2013-05-02 @ 148,60
2013-05-03 @ 151,17
2013-05-04 @ 153,78
2013-05-05 @ 156,43
2013-05-06 @ 159,13
2013-05-07 @ 161,88
2013-05-08 @ 164,67
2013-05-09 @ 167,51
2013-05-10 @ 170,41

Btw. those values are calculated on rpietila advisory that exp function should be used (btw thanks ;) https://bitcointalk.org/index.php?topic=174620.msg1919549#msg1919549 )

http://youtu.be/L7Shs6a-GI8?t=57s (http://youtu.be/L7Shs6a-GI8?t=57s)

http://www.google.com/trends/explore#q=bitcoin&date=today%201-m&cmpt=q


bitcoin intrest down....... PRICE UP

SUCKERS RALLY

Crash was exactly two weeks ago, a Wednesday just like today.

Would love to see a huge crash to $40ish, what an incredible buying opportunity it would be!

I think we need a serious problem at MtGox for that, like going offline with no notice for +24 hours.

don't want to hit you, I love you because we NEED you

but we also need weak hands for us the stronger hands to get cheap coins at $40ish :D

Google trends is a lagging indicator.

Price goes up...then interest comes in. Not the other way around lol.

+1 .. or "this" or whatever it is that people say nowadays.

price has already gone up........has gone up for th epast year...... google interest down, BITCOIN UP

SUCKERS RALLY

Jr. Member Bear + Justifying Price To Fall w/ Lagging Indicator = nkspace

All I read when you post is "I WANNA BUY BACK IN CHEAP!!"


ROFL!  :P :P :P

I want to buy back cheap...

I know you're out there. I can feel you now. I know that you're afraid. You're afraid of us. You're afraid of change. I don't know the future. I didn't come here to tell you how this is going to end. I came here to tell you how it's going to begin. I'm going to cancel my accounts, and then I'm going to show these people what you don't want them to see. I'm going to show them a world without banks. A world without rules and controls, without borders or boundaries; a world where anything is possible. Where we go from there is a choice I leave to you.

You are now aware that block size was deliberately limited to necessitate the creation of secondary means for storing and making transactions in BTC.

There are solutions to that need that do not involve centralized banking.

Maybe not central banks, but it will still require banks in the old fashioned sense, if not the same banks that we know today. Mt Gox is essentially a bank.

HAHAH the google searches are VASTLY higher than they were a year ago, they only fell to early April numbers which were considered very high at the time. Higher than June 2011...

I HAVE NEVER SEEN A JR MEMBER WITH HIS IGNORE BUTTON HIGHLIGHTED IN ORANGE BEFOR HA HA. soon everyone will just push that button and nooooobbbooodddyyyyy will hear your dumb ass remarks.

prob gunna burt around 1200. and be stable around 450. ya you will not see cheep coins again sorry

The pessimists keep comparing Bitcoin to the myth of a tulip craze, .com burst, and beenie baby mania.

Can you show me then, where any of these had a %300 price increase, burst down below single digits just to climb back up again instead of die off completely? Because bitcoin has done this 3 times now, and it appears to be on it's 4th. Each gain reaching new hits and avoiding previous lows.

That doesn't look like "bubbles" to me. It looks like real growth. $250 might be a psychological barrier where people see it and think "okay I'm getting out at this time." but we are likely to surpass that now beyond $500 or maybe even a thousand are very strong possibilities. Then a price correction will occur back down to what would otherwise be a study growth. This is based on the history of bitcoin, assuming it continues to do what it's always done.

The "Bears" don't have a leg to stand on. They never did. Those who keep on talking about tulips can go invest in the USD supported stock market. I'll keep on buying low and selling high in digital currency and making amazing profits from this market that long term wise is so predictable a 12 year old could do it.

Hmmm...did you not quietly adjust the target. ::) ;D

When did you buy ? At 200+$ ?  :D

It's funny because he doesn't know how google trends works. I enjoy this.

I know why you're here. I know what you've been doing … why you hardly sleep, why you live alone, and why night after night, you sit by your computer watching the charts. You're looking for him. I know because I was once looking for the same thing. And when he found me, he told me I wasn't really looking for him. I was looking for an answer. It's the price that drives us. It's the price that brought you here. You know the trends, just as I did.

What is the Bitcoin worth?

The real price is out there, and it's looking for you, and it will find you if you want it to.

That's false. The block size was limited because that was the easiest solution Satoshi decided to implement in order to prevent people from spamming the blockchain. That was intended to be a temporary solution.. you know, like the second one in this list: https://deconectat.wordpress.com/2010/09/23/top-funny-source-code-comments/

But eventually this limit will be lifted. That might provoke a fork of the network, since some people do prefer to force the scenario you describe (BTC not capable of handling all users transactions, having to operate like a SWIFT 2.0). But eventually most people would migrate to scalable Bitcoin.

Don't pop the bubble; it won't be air your breathing.

http://www.youtube.com/v/t4UNgdnBTUU

follow the white satoshi? :P

+1

OH GOD, I spit my drink out laughing.

It looks to me like this is both bubble growth AND real growth. The bubble growth is raising the price ceiling, while the real growth is raising the price floor. The only hard part is, determining where the floor is at any point in time, as the bubble is always overlapping it.

LOL, still BTC1,500 short. Now I'm bailing out with ladder that increases 0.7% per hour. Either I get to buy back at a slight 15-99% loss, or bitcoin's price will rise faster than that.

If the latter is the case, in June 8th, it will be at $300k (my target) and then I will just say f-k it, and invest my dollars in something else.

For the last 7 days, I have been more busy giving bitcoins away than earning them.

It is indeed helpful to understand the exponential function. Otherwise you end up trading based on emotions, and there are already enough dead bears.

Why did you not use your own advice? https://bitcointalk.org/index.php?topic=174620.msg1927726#msg1927726

Selling with a predetermined schedule, my experience is that in the end you will more or less get back at a cheaper price, though I am not sure after bears have blown so much wads.

By "short" I do not mean a net short, I mean "I currently have BTCX less than the highest amount of BTC I have ever had."

I do not intend that metric to go to BTC2000 or more in the near future. Even if it does, I am still net long, and I have a double problem of having invaluable BTCs and too much dollars that I don't know what to do with them. Gox won't let me withdraw more than $10k per day.

The latter fact practically ensures that BTC can never go down, only up.

Well, I utilize a similar method to you without being bearish, and I never sold more than 10% of my holding, I just think selling with a predetermined schedule is better than trying to call the "top".

I hate this place. This zoo. This prison. This reality, whatever you want to call it, I can't stand it any longer. It's the smell! If there is such a thing. I feel saturated by it. I can taste your stink and every time I do, I fear that I've somehow been infected by it.

I must get out of here, I must get free. In this Bitcoin is the key. My key. Once Zion is destroyed, there is no need for me to be here. Do you understand? I need the codes. I have to get inside Zion. And you have to tell me how. You're going to tell me...or you're going to die.

You call me "bearish"  ::) Just a week ago you congratulated me for my net gain of BTC1000 over the last week since I was the only bigname bull to actually utter a bearish prediction at over $200, remember  :D

I have no idea what this means. Bailing out with a ladder. If it is what I think it is, it seems extremely risky. Care to explain?

This is a suitable thread to mention that about 60-90 minutes after this post, I will post an invitation to a Bitcoin Supernode Summit. It will be held in 2 weeks, I am sorry that it is both so soon and so late. I tried my best to find a suitable time and place.

Admission will be hard-limited to 50, and the tickets are both expensive and increase in price over time, to gauge the interest.

Agent Smith, that you?  ::)

I'd like to share a revelation that I've had, during my time here. It came to me when I tried to classify our dollars. I realized that they're not actually money. Money acts not only as a medium of exchange but as a store of value. Every form of money throughout history has followed this principle, but our dollars do not.  They are issued as naked debt instruments by banks and the interest multiplies and multiplies until every natural resource is consumed. The only way you can pay back the debt is to print more money. There is another organism on this planet that follows the same pattern. A virus. Dollars are a disease, a cancer of this planet, they are a plague, and bitcoins are the cure.

Whoa.

The Bears are digging!

GUYS!!!! I have been doing "deep" research and I guarentee there is no bubble.  I'm looking everywhere and all I see is black, no red whatsoever.  We are headed to 1 Billion dollars by next week according to this deep analysis.  Here is a picture of me doing my research....



http://christianschooljournal.com/wp-content/uploads/2011/02/Head_in_Sand_Denial_Ignore.jpg

Ahh yes, I too have been conducting some very rigorous research. It would seem that 1 billion is actually undervalued!

http://www.bolgernow.com/blog/wp-content/uploads/2011/02/head-up-ass.gif

+1. I want you in my conference.

It is one of the sanest methods in trading bitcoin, if you want to trade it. Goes like:

- First you invest into Bitcoin all money, which you CAN afford to lose. I would generally suggest no need to put more than $100k even if you had more, since trading with huge bitcoin positions is clumsy. Also if you only now go all in (remember I did last month), it is only fair you don't buy more than 1000 coins but really whatever..

- You put anything between 50-95% of the coins in paper wallet. I suggest about 80-90% is good for most. The wallet is generated securely with an offline computer that is destroyed after printing the private keys (also the printer is). You print out two copies of the private key. You align the A4 sheets together and cut it in half with scissors. Then you have two copies of the beginning of the privkey, and two copies of the ending. You store these keys in such a manner that it is improbable that a thief would get access to one A + one B key and even if he did, you could outspeed him in combining your remaining keys and spending it to a more secure wallet. Also it should be improbable for both A keys to be destroyed simultaneously, ditto for B keys. This is your core position.

- The rest of the bitcoins, the trading position, you store in exchanges. Every time the price shoots up "too fast" (this forum is full of guesses, whether or not this is true in any particular case), you sell some of your bitcoins. Then you have money trapped in the exchange. You set up your buyback price at a given % lower, such as the previous support or something. After a 20% move in 2 hours, it is reasonable to expect a more than 10% recoil.

- Then you decide your "creep rate". The creep, is an hourly percentage, which I suggest to be between 0.1% and 1.0%. You adjust your buyback level upwards every hour by the creep amount. In practice, you have no reason to adjust it any less than 2% at a time. So if your creep is 1.0% per hour, you need to increase your limit order by 2%, every 2 hours. If your creep is 0.1%, you increase it by 2.5% once per day.

- Eventually your limit buy order executes. If you were nimble, you get to increase your bitcoin stash, if not, you lose. I have been able to beat the market, but I am a fulltimer with 16 years stock trading experience. At any rate, you will never lose out completely since you have your money in the exchange after the moment you have sold, until the moment your buy executes. If bitcoin goes to singularity, you have your secure core position, and you can buy the earth with it. Otherwise you eventually buy back. Repeat when appropriate.

- The ladder refers to either the incrementally creeping nature of this method, or it can also refer to an additional tweak where you use several buyback levels spread apart, and after your bihourly reset, you remove the lowest bid, and add a new bid which is higher than any of the outstanding previous bids.

No, no, I meant you phrased your first strategy as if it's just for those who believe "Bitcoin's a bubble", while I am not a bear yet I still somehow use it, and you probably can too. I employ the word "bearish" also because I somehow can't figure out why you brought up the topic of "going short" since you're a obvious mega-bull. ???

Hmm? That's not from Agent Smith's soliloquy. What part of the movie is that from?

The first movie, Mr. Anderson's boss.

- Strategies are many, I am trying them out. I did make a net BTC gain yesterday.

- If I thought going net short was sensible in general (it isn't), I would do it at $5,000,000+ per bitcoin.

I have occasionally been net short on fiat.

Do the math.

Interesting but a bit strange (not to mention expensive). Why not just use VirtualBox to install the software and generate your keys, then use a secure erase utility (http://www.techsupportalert.com/best-free-secure-erase-utility.htm) to delete the VirtualBox files?

Tips for the value of any computers I saved from destruction can be sent to 1usagi8WQJvnCoyV21XSZyUHhC6MzfksW  :)


Interesting, I liked this idea.

What's your take on using Armory's offline transaction signing feature? In combination with a good wallet password, this would seem to be almost as good as the cut-paper approach above. For example in stead of keeping essentially two backups of the wallet over four different locations,  you could keep the watter file and your password in different locations and have multiple backups of your wallet file. I'm interested in your thoughts on that.


This trading strategy is interesting too, thanks.

Ahh right. It would have been funnier if it had something to do with bitcoin like the other quotes :)

@Vladimir

I know you're out there.

I can feel you now.
I know that you're afraid.
You're afraid of us. You're afraid of change.

I don't know the future.
I didn't come here to tell you how this is going to end.

I came here to tell you how it's going to begin.
I'm going to hang up this phone, and then I'm going to show these people what you don't want them to see.
I'm going to show them a world without you.

A world without rules and controls, without borders or boundaries; a world where anything is possible.

Where we go from there is a choice I leave to you.

lol this thread has turned into the Matrix: The Book.  :D

Bitcoin is the currency we deserve, but not the one we need right now. So, we'll speculate it, because bitcoin can take it. Because bitcoin is not our hero. Bitcoin is a silent guardian. A watchful protector. A Dark Knight.

hahahaha

Oooh, are we doing random movies now?  In that case...

I look around, I look around, I see a lot of new faces. (hahahaha)  SHUT UP!  Which means a lot of you've been breaking the first two rules of Bitcoin.  Man, I see in Bitcoin the strongest and smartest men who've ever lived. I see all this potential, and I see squandering. God damn it, an entire generation pumping gas, waiting tables; slaves with white collars. Advertising has us chasing cars and clothes, working jobs we hate so we can buy shit we don't need. We're the middle children of history, man!  No purpose or place. We have no Great War. No Great Depression. Our Great War's a spiritual war... our Great Depression is our lives. We've all been raised on television to believe that one day we'd all be millionaires, and movie gods, and rock stars. But we won't. And we're slowly learning that fact. And we're very, very pissed off.

And far away, as Frodo bought a bitcoin and claimed it for his own, even in Sammath Naur the very heart of his realm, the Power in Barad-dûr was shaken, and the Tower trembled from its foundations to its proud and bitter crown. The bullls was suddenly aware of him, and his Eye piercing all shadows looked across the plain to the door that he had made; and the magnitude of his own folly was revealed to him in a blinding flash, and all the devices of his enemies were at last laid bare. Then his wrath blazed in consuming flame, but his fear rose like a vast black smoke to choke him. For he knew his deadly peril and the thread upon which his doom now hung.

From all his policies and webs of fear and treachery, from all his stratagems and wars his mind shook free; and throughout his realm a tremor ran, his slaves quailed, and his armies halted, and his captains suddenly steerless, bereft of will, wavered and despaired. For they were forgotten. The whole mind and purpose of the Power that wielded them was now bent with overwhelming force upon the Mountain. At his summons, wheeling with a rending cry, in a last desperate race there flew, faster than the winds, the Nazgûl, the Ringwraiths, and with a storm of wings they hurtled southwards to Mount Doom

Look, 2 weeks ago is calling. It wants to let you know that you missed it.

Seriously, what you are hoping for: 200+% swings fortnightly, would fuck the market.

Buy in before Monday or you'll continue to be left behind.

bubblleeess

Mt. Gox bitcoin exchange. You will never find a more wretched hive of scum and villainy.

you are so wrong and just looking at your reasoning makes you sound extremely opposite of intelligent.
beanie babies serve absolutely no useful purpose.
.com stocks - most were losing money on every sale.
if you are attempting to sound smart, please don't. people can clearly see you lack ability to think

You know what the fellow said – in Bitcoin, for four years with Satoshi, they had scams, terror, hacks and theft, but they produced decentralization, pizza and freedom. In fiat, they had brotherly love, they had three hundred years of control and inflation – and what did that produce? The cuckoo clock.

Between living and dying!! I'll tell you this: in any fight, its the guy who's willing to die, who's gonna win that dollar ...and I know, if im gonna have any life anymore...Its because I'm still willing to fight and die for that dollar ...because, thats what living is!

Nice predicctions, im sure you make someone lose his money, who is the troll?

Me, cause I did buy bitcoins in 2010.  I think "why did I sell bitcoins at $15?" and then i answer myself "because my wife told me to"

Man. Teach your wife. You never sell BTC. You buy BTC with your spare cash. More when they are cheaper, less when they are more expensive. But you don't sell them. Well, if you can double your initial fiat investment selling 5% of your total stash, go ahead, I won't stop you. But no more than that. Just hold on the mofos for the long haul. This is the way you play this game.

Learn from Vladimir ;)

MT Gox is a currency exchange, not a bank.

Whothefook is this Rampion? Noob in the forum, hates me, but knows things. Sockpuppet of a 2011 ptb supernode? Nah, these days we call them "staff" and pay $70k per year, plus bonuses. Am I right on this one?  ;D