Bitcoin Forum

Yes or No?

I say yes.

No. I say DUMP upwards!  :D

I say yes.

Portugal, Italy and Greece are running out of money. I expect they'll all be dealt with simultaneously to avoid bank runs as bail-ins will be part of any new rescue packages.

This will be Cyprus x 100 for Bitcoin

i don't know if it will be September, but another bubble is ahead and its inevitable.

Just a matter of time.

A few countries are clearly going to need more help. Greece just got another 8.7 Billion in loans.
That won't change things a whole lot for BTC (but it will continue to draw attention to it.) What will rock things is if and when there are Bail ins. That is being talked about and many are ready for it. A few are probably preparing to move money into Gold, silver, BTC, etc (and actually, that has started. Which is why central banks around the world are huge gold buyers and at the same time depressing the gold price (e.g. - Everything is ok, gold is not high, move along people).

Anything will be better than having your money (and gold from your bank like in Cypress) stolen just to get more printed money from a central bank. If that happens...


http://iacmusic.com/Uploads2/33769_1_3_2013_2_44_03_PM_-_Shit-Hits-the-Fan_cartoon.jpg

who knows, but I doubt the current bubble will have fully deflated by September...

Bitcoin can stop deflating and reinflate on a breaking news, the news time frame won't wait for a full deflation..

deflation... whatev. some 5000 coins sold months ago and gox crashing for a week. get over it. time to move on and look at all the positive things that have happened since.

well what does this chart tell you? to me it says significant downside risk...

http://bitcoincharts.com/charts/chart.png?width=939.76666&m=mtgoxUSD&SubmitButton=Draw&r=360&i=&c=0&s=&e=&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=1&cv=0&ps=0&l=0&p=0&

Double bottom!

UP! UP! UP!

It says that price is up a lot since January.

It tells me what we will have a long price consolidation in the 80s and that will be used as the launchpad for Bitcoin bubble Mk.3

not sure if you are being serious - doubt it...but this is not your ordinary "double bottom"...it was preceded by a massive bubble almost straight up from $13 to $240...not a lot of support was built for the prices on the way up...the chart shows bitcoin needs to find a new "consensus" value...i.e., likely through period of consolidation before moving up in a sustained basis...imo...expect more volatility...

do you know what a logarithm is? it helps to click on that checkbox.

The $100 level appears to be a strong support or ceiling. Once it breaks significantly upward through that level it will likely be on a rocket.

I'm buying every time current price drops 10USD from last purchase.

yes. not sure how it helps unless you want a move from 0 - 50 to appear equal to a move from 50 - 200

Please dump, I want to buy more at $60.

I gonna bump this on October 1st and laugh at you guys.

There are several high quality exchanges coming online in the next month or so, including Coinsetter, TradeHill, & BTC Global. These will make a significant difference to the market.

Can't find them to be successfull not even in one year, so there will be no difference (altough 2/3 will probably go down in that time anyway).

Yes, Bitcoin needs more exchanges if we want to see higher prices. 4 big exchanges is not enough, we need 10.

Explain why we need more leading exchanges? Quantity over quality?  ::)

Stability... 10 big exchanges is better than 4 because customers funds will be more evenly distributed and diversified among the major exchanges. If one of the big exchanges goes down right now and loses customers funds, it would have a more severe impact than if it were only 1 of 10 big exchanges going down.

Hopefully some of these exchanges will help promote BTC by advertising?  It can't hurt to have more options though and hopefully these new exchanges are more professional and make people feel more secure to buy BTC then the others.

^ hopefully bitcoin becomes widely used and useful thus justifying a higher and sustainable price based on fundamental economic reasons rather than based purely on speculation and hype...

hopefully more people offer stuff for btc!!!!! i'm ready to spend (on things worth it), show me what you got merchants

edit: on that note, have you guys seen the Goods forum as of late? Sooooo many cool new offerings than 6 months ago.

Wooden pinball-like stations that require thinking/coordination, 10% discount (https://bitcointalk.org/index.php?topic=259563.0)
 BLACK LACQUER HAND DRUMS W/INLAY ON STAND (PRICE CHANGE) (https://bitcointalk.org/index.php?topic=180772.0)
 [WTS] 25' Sport Boat - BTC/LTC/$ combo (https://bitcointalk.org/index.php?topic=256490.0)
 Siminstruments.com - iRacing dash telemetry hardware for BTC (https://bitcointalk.org/index.php?topic=169553.0)
 Your Own MANSION in Bitcoin PARADISE: Punta del Este, URUGUAY (https://bitcointalk.org/index.php?topic=256305.0)

100 x Zero = Zero

We all need to stRt accepting bitcoins at our busineses....
Once you can get your house built for btc it will finally be mainstream

Btw if you live on southern vancouver island I will consider it

I know four people in Ireland who knew about Bitcoin (I told them about it) but never had the urge to buy any. On March 16th they all contacted me separately asking for the best way to buy a few thousand euro of bitcoins. Cyprus changed everything. Bank deposits will never be safe again.

Portugal will need a bailout before the end of the year and I expect deposit confiscation will be part of the agreement.

The thing with countries bigger than Cyprus defaulting is that it is much less likely to happen. Italy has already been in trouble once over the last few years and Greece has been on the ropes for a good while now, however neither countries have crashed to the scale of Cyprus.

Of course if a country does crash, the effect on BTC should be bigger than Cyprus (due to more people effected, so more demand for btc). Before this happens media will be reporting on the country's economic issues, so it will be some time before this happens. Its not like one day we will wake up and suddenly Portugal is broke.

I still think btc will be depreciating in the near future. as for September's price, depends on if a default happens sooner or later (i suspect later).

My prognosis: next April peak $2250 per BTC.  8)