Bitcoin Forum

Looks like its SLOWLY pulling back up... I know my funds finally cleared yesterday, I imagine others did as well.  And with mining taking a big hit on difficulty, I think we'll see some more buy-in.  I think what's keeping the price so low right now is so few people being willing to sell at the prices people are bidding.

Just my $0.02.  Would love to see it steady at 20-25 this week.

I don't want to bulltroll, but I feel like the post-weekend raise should be pretty good too. The "crash" is in the past and we survived, and news has been pretty hot lately. I've also got funds that should clear very soon, hopefully I get to buy in before the prices move beyond what I'm willing to pay.

I'd prefer some stabilization and slow grind-and-fill versus parabolic moves in either direction. While it is encouraging we are still in double-digit territory, I don't think we're out of the woods just yet. It would take a move towards the 20-area to convince me otherwise.

Be cautious, don't trade on emotion.

ITT: speculators speculating some speculation

The crash was an over-reaction on itself. Saw hints of the price going up already a few hours ago. Bought a few bitcoins just ago. Let the rally begin.

It might, I don't expect the rally until sunday/monday.

This would be a prime example of emotion versus rational logic, since no real explanation is offered beyond the keywords 'crash'. Honestly, have any of you traded anything besides bitcoin before? I truly have to wonder...

Since banks don't operate on the weekend, it's tough to get additional capital into the exchanges. I wouldn't expect much until Monday.

Good luck to all. Buy and hold men.

It's following the same pattern since the begining, it goes through the same(ish) highs and lows, it's going to shoot back up.
http://bitcoincharts.com/charts/mtgoxUSD
Remember, Patience is a Virtue.

It's been rallying pretty well this morning.   :)

What is with these stupid fucking posts?

Everyone and their brother with anything to do with BTC watches Mt. Gox.  We all know what the fuck is happening.  We don't need some excited dipshit farting up the main forum with every fucking dip and rise that graces a motherfucking bitcoin graph.

I had feelings of a slight rally today too. So I made a nice discreet post IN THE ECONOMICS FORUM. I made one brief comments about my speculation, then offered some basic basis for my assumption.

And I was right.

Just a nice simple thread to have some casual discussion.

But not here, in the main forum. Nope.

Every fucking movement there's some stupid asshole who has to open up with "IT'S RISING GUYS!"

"IT'S FALLING GUYS."

"GUYS IT'S RIS...NOT IT'S FA..RISING AGAIN GUYS!"

Hey, here's a hint:

SHUT THE FUCK UP

Take this asinine circlejerking over to fucking reddit.com/r/bitcoin if you just can't keep your compulsive retarded fingers from collapsing all over your keyboard at every market movement.

Nope, but as none of bitcoin speculators already speculated before, bitcoin speculation rules are not traditional speculation rules, therefore even traditional speculators can know how to speculate on bitcoin market
 ;D

"IT'S RISING GUYS!"

Carefull! It's gonna FALL!

Yeah, I see how you went for that whole logical not != thing, but it fails.

Trading applies to anything you can chart. Therefore, any trading experience applies to any tradeable market. While each market has its own 'personality' of sorts, humans are adaptable and able to conform to other environments such as bitcoin trading.

Executive summary:

You're wrong. Completely.

And then RISE again after that!!!

WAIT, There was just a small sell ord...OH!  Another buy order just came in so it shou....SHIT, SOMEONE IS FUCKING SELLING A FEW BTC....



HAHA, YES!  I saw a buy order come in!

Fuck yeah. BTC FO-EV-AH.

Relax, bitcoin is just a play ball for many of the forum users. We take enjoyment from the rises and falls...

Do Pokémon cards count?

[/quote]

Only Magic: The Gathering (aka Mt. Gox)

aptitude install calm

Simmer down Beavis!  Take your Ritalin.

Bitcoin trading, serious business

I move for no price discussion in "Bitcoin Discussion" there are forums just for this shit.

Guys, I'm really sorry if I seem excited right now, it's just, it's just that it seems to me there might be a little rally coming on, and, and....


...oh god my heart is palpitating...

..Ok, so, if people are buying BTC, and the graph on Mt Gox starts going up a little bit, that's means rally right?


RIGHT, A RALLY GUYS IS THAT WHAT THIS IS?!

OH MAN MY EARS ARE RINGING I THINK WE'RE IN A RALLY.

fuck..I need to lie down...

*breathe in*

*breathe out*

*breathe in*

 ;D

SECONDED...

It is if you aren't trading them in for barbie dreamhouse tokens. I'm sorry if this is an issue for you. They may appreciate one day :)

+1

Thirded.  What kind of fucking retards are trying to have "discussion" about "bitcoins" in "bitcoin discussion"?  Oh wait... me

What rally?

And furthermore, I vote that we abolish it's decentralized nature, and put FreeMoney in charge of what is and isn't allowed for discussion.  Clearly he feels better able to handle things than the board admins.

That was just meaning that my first sentence was a joke ::)

Nobody's talking about suppressing discussion...

There are multiple forums here. There are multiple subforums here.

We simply don't fucking need someone starting a goddamn thread in the main forum about every movement on the fucking market up or down, it's that simple! What is difficult or supressive about this?

It's true, it's like a sport or something.

Yes, we should avoid speculating about the future of bitcoin in the bitcoin discussion forum. >inhales spliff<

It's like religion, There will always be ups and downs.

You're not talking about the future of bitcoin, you're talking about the plain and obvious present.

And present or not, there's an Econ forum.

That's what the fucking Econ forum is for.

Cause you're not talking about bitcoin, you're talking about the fucking economics of bitcoin.

Here...

...toke on this a sec brah.

Is this the rally?
It's time to buy right?

Nobody's talking about suppressing discussion...

There are multiple forums here. There are multiple subforums here.

We simply don't fucking need someone starting a goddamn thread in the main forum about every movement on the fucking market up or down, it's that simple! What is difficult or supressive about this?
[/quote]

sup·pres·sion (s-prshn)
n.
1. The act of suppressing or the state of being suppressed.
2. Conscious exclusion of unacceptable desires, thoughts, or memories from the mind.
3. The sudden arrest of the secretion of a fluid, such as urine or bile.
4. The checking or curtailing of an abnormal flow or discharge.
5. The effect of a second genetic mutation that reverses a phenotypic change that had been caused by a previous mutation at a different location on the chromosome.

Hope this helps.  If not, try this link:

http://tinyurl.com/6d99fnj (http://tinyurl.com/6d99fnj)

Break's over guys, let's go!

http://i55.tinypic.com/2q07dc4.jpg

lol love this

@work hope I don't miss the rally! ;D

There is no rally. There is nothing going on what-so-ever.

Bitcoin is dead. R.I.P. BTC!  :o

Yea your like about 2 weeks late to join this one  ;D

this.


I think tuesday will be a good day.

yes, the old speculation is dead.  This is today's speculation, and this time its REAL, PEOPLE!   BUY WHILE YOU CAN STILL AFFORD IT, because come tuesday, it hits 35!

SELL YOUR HOUSE, SELL YOUR KIDS, SELL YOUR PETS, IT's TIME TO BUY!!!!

Did I miss big announcement? What's coming Tuesday?

A meeting of market manipulators?

a) boredom sets in on sunday. People have the day off on Sunday.
b) people start selling bitcoins on Sunday
c) price drops on Sunday
d) price continued to drop monday
e) new users get money in their dwolla accounts by monday, probably use their accounts for the first time by tuesday


voila

Oh I love your name!  ;D :D

Ah yea, bitcon is one of our resident shills. He's been a bit quiet lately. I think they might need to send him back for reprogramming.

Rally my ass. I'm beginning to wonder if we will ever see $16.00 + ever again. These lows might be good for buyers looking to make a good buck off the market, but not for miners.

In the long run, what's good for Bitcoin is not high prices, but price stability. Buyers and sellers need to be able to rely on stable prices if they're ever going to use it as a currency, and use as a currency IS its underlying value. What we should be hoping for is the long, slow rise in price that a deflationary currency should show, not a get-rich-quick price spike. Just my two bitcents.

      -Tristan

This man speaks the truth!

Good. Get it up to $20.00 and then start your slow rise from there.

Yeah us miners are starving over here. lol

Heh, reminded me of this

http://images.cheezburger.com/completestore/2010/8/30/e276b991-f151-465b-8789-090238e73c1b.jpg

Everyone get your lollerskates on for another rally  ;D

I wont miss it tonight. Lets rally ;D

I need something to wake up me up when this shit happens.  Is there an app out there that has an alarm?

So what time was that rally supposed to start?

Light volume especially for a Monday. 

i'm waiting for the rally, i'd be excited if it hit $20 in 2 weeks :P

Zzz. Tomorrow is the last bear day before the rally

Well I'm expecting it to kickoff in about 8 hours from now (Bulls for teh win!)

And why do we think there's gonna be a rally?

I'd like to see a nice rally, I bought a decent chunk at 15.1 and it would be nice to see some movement in the charts again.

Bill gates is announcing his large investment into bitcoin tomorrow.  duh.. where have you been?

this is a joke right

That would be pretty cool though.

No, he knows Bill Gates announcements ahead of time.

Fresh money  ;D

And why do we think there's enough fresh money?  (I'm just playing catch-up)

 ::)

We've been through some consolidation for about 6 days now. I'd expect a breakout soon, but not sure if it'll be a rally or continuation to the downside. 

No joke. The rally is tonight.

The battle of the dueling dragons.

Tense battle near $14 right now. Rallies are fun!
I predict it will go both ways.   :D

Dammit, just drop to 13.9 so my buy order gets filled, then RALLY!  to 17 and BEYOND!!!!!!  ------->>>>>>>>>

No rally until it hits $11 again :/

Your wish is granted my son. 

Sincerely,

Mt. Gox Gods.

Almost - not quite down to 13.90.  in the 13.9x's tho, where x > 0.  one  or 2 more bounces.....

What about $10.25 the other old low?

I'm a software engineer, not a finance guy.  Is there a name for it when a stock  / security / commodity seems to keep bouncing off a certain price floor?  (like 14.0, in this case)

Support.

Support.

Edit: Gah beaten to the punch

ya looks like 14 is the new 10

Looks like people wised up about the Weekend Effect and held their bitcoins to sell later.  Bummer, was hoping for 13 or lower this weekend and the usual run-up leading into Thursday.  Guess I have to look harder for my free money.

14 did not hold, that is extremely bearish.
...but if the signal turns out to be false, that is extremely bullish.   :D

And add to that the usual bitcoin pattern of rally/consolidate/flatline/drop.  We're currently in the 'flatline' part.  Let's see if there's a paycheck at the end of this cycle for me. =)

Wow this thread was absolutely off target on price presumption.

Never hit $25 just went lower.

This thread just proves bitcoiners are eternal optimists.  We need people like that in the world.

The bitcoin sentiment went up and down with prices, in a similar way as other financial vehicles behave (stocks, commodities, etc.)

There is nothing unusual with bitcoin people. They were no more optimists as people were optimistic about stocks in 2007 and 2011. And they are also very pessimistic since August.

More to come about sentiment soon.

It has begun.

At least according to GeniuSxBoy it has...

Haha, good find :)

W000t

choo-choo, get on the rally train.

Look what you did now. Went and jynxed it.

I've just spent several hours studying the v lines of my pie chart which if you factor in an x-zine and alpha curve show some extraordinary results on x-wave line, I've meticulously checked and double checked my results and they're without error. OK in preparation forget your swimming trunks and towel, you'll get swept under find a high structurally safe building and wait until this weekends rally's over... Heads back hold tight and get ready for the ride of your life this weekend we're heading for a fucking tsunami!!!!

How high will we go till we see a correction??

I think we will go higher then 12$ this time, 13 at least in 2 or 3 days.

and yet you were so negative!  ;)

Watch that person with the big cock wall get impatient....lol  :D

In retrospect did you ever see that happening? There's a first time for everything but from past occurrences of gargantuan walls they were moved around and eventually pulled.

Does anybody have around 14000BTC to sell to test it out?

Also, do we really want that price finding is based on that? It's high compared to pretty much the whole last year, there was no time for the bubble behavior to deflate, and the cause for "stability" is supposed to be some gigantic order?

A rally now would probably not end well. Where is it supposed to go, into another round of speculative madness? Price movement based on price movement is not a good idea. Neither is basing it on announcements of announcements. What I see is a questionable mess, plus multiple possibilities of manipulation. I prefer a defensive stance until there's a clearer view of the situation.

In the current state of bitcoins live cycle as a new technology, perpetual bubble-bust cycles are nearly impossible to avoid. The possibilities of what bitcoin can do and become in the future grow nearly every day, with it the expectations. We will be going down that road for quite some time, till an equilibrium of expectations and an understanding of its real capabilities is reached.

In reference to the model of Gartner's Hype cycle (http://www.gartner.com/technology/research/methodologies/hype-cycle.jsp) we may really only start to ascend from the Technology Trigger 3 years ago and climb up to the Peak of Inflated Expectations in the years to come.

http://www.hwr-blog.de/wp-content/uploads/2011/01/gartner-featured.jpg

In this case I wear my umbrella correctly:

http://www.survivingtherecession.net/wp-content/uploads/2009/08/money_rain-278x300.jpg

I'd say miners are already on the slope of enlightenment..

Interesting idea. It seems bitcoin mining got a head start before bitcoin itself somehow. Especially with so many mining hardware generations and mining systems (solo-, pool-, merged-, botnet-,..?) passing in such a short time.

I would agree and even say miners have already tested the waters and know what to expect from that new technology. They are past the Peak and past the Trough (if there ever was one).

Remains to be seen what comes next, after ASIC introduction. ASIC-stealer trojans? Botnets in the web of things?

http://blockchain.info/charts/miners-operating-profit-margin

yes, there was one.

Ok, they are past it ;)

Switching half to fiat, this looks like the trough of disillusionment :P

It looks like some gambler trying to call a top.

Look atlas found a new thread to spam. You do realize this thread is called speculation right.