Bitcoin Forum

Well, almost 2 days now, we stagnate at 140$.  There's a jump once in a while to 145, and then it get all the way down to 140$.  It is as if someone is trying to control the price.

The point is that if it does that for too long, who will want to buy?  Each time there's an incentive for price to go up, it's a dead shot in the water...

I think, by looking at the weekly charts, there should be movement next week.

http://www.anonmgur.com/up/eeafe2caba70e51691928c674a80f5c6.jpg (http://www.anonmgur.com/up/eeafe2caba70e51691928c674a80f5c6.jpg)

Well the ones who have the most will really enjoy it in the first wave, and the next wave will be left hanging.

The price stays mostly below 143$ because that's the resistance level induced by those who got stuck on the 5th September.
If the whale buying pattern continues, we should see another large buy within 1 - 2 hours. How high it will reach, I don't know, that's why I'm jumpy now.

willy is free!

http://25.media.tumblr.com/tumblr_lyh00fe49U1qb5gkjo1_500.jpg

Feel free to buy a couple of thousands of btc, and make the price higher.

how many days the was the price above 140,- ? can´t be more than 20 or so.

out of 1460 days only 20 days was (significantly) higher than today.

that´s less than 1.4 %

we are in the top 98.6 % of all time bitcoin price level.

so chill out and breath some (thin) air...  ;D

After two days you're bored and ready to give up?

Woulda hate to seen how you handled all of 2012.

TBH your graph makes it look a lot like final capitulation is right around the corner.

No whale buy yet, they probably wait for a small downward correction.
Soon we may find out if the 140$ buy wall holds.

For like the 5th time  :D

The correction of the 11th was about 3k BTC, and the buy wall is now only 2.7k.
I'd rather say the wall won't hold and we'll hit 136$, because of some overshoot.
But the important part is IF there will be a strong upward move soon after the correction.

Why doesn't everyone on the exchanges just list thier BTC over 200 bux for a week?

Because you will never get everyone to agree.

But if a lot of people agreed that might be enough..

Prolly better to let the customers/market decide with tainting it though.

Agreed,I think adamas called the wrong point in connecting these graphs, but I also think these kinds of ideas are typically self- fulfilling, especially in such a new and undefined market.

Doesnt matter what mt gox says that is not a real price. You need to be looking at bitstamp or campbx for the real rate

Explain how Mtgox is not the real price?

Sure go the blockchain and hit send money and then put 1 in the btc field that is the price. ( hint it aint gox price)

bitcoinaverage.com  notice how there is a link to ignore mt gox there is a reason for that.

here is another price source preeve.com

go to silk road and see what one bitcoin is worth

go to bitmit and see what one coins is worth.

Mt. gox is a manipulated market because you cant get funds in or out

Yep, and there has been roughly a 10% arbitrage opportunity between Gox and all other exchanges for the past two months. It's not converging. That says quite a bit.

Correct me if I'm wrong but isn't it only fiat that you can't get out of mtgox?

"Stagnation" at $140? Seriously? We've come so far, some of us are THRILLED to be at one price for more then a couple hours. Let it lay like this for a week or two still and I'll be happy.


More people then who will want to buy if the price goes from $140 to $200 to $60, thats for sure. Boring is safe is good is profitable is sustainable. Be happy! No crashes! (for now)

but the drug addicts will still need to buy their coins for SR.

drug attics dont appreciate it when the bags are skippy. Let them buy coin at 200 and it drop to 150 by the time they complete their order and they will say fuck bitcoin too.

Bitcoin is supposed to me money. Money needs to have a stable price so you know that your money will buy tomorrow what it buys today.

You are right, but what good is that? ya you can put bitcoins in and get bitcoins out but who cares? What good does that do you. People use an exchange to exchange

+100500

agree..
and I think I know where it is going... perhaps even moving earlier than next week

Ohhhhhh you two nubs got totally schooled!    :D

Indeed... and at my local BTC dealer (caVirtex :)) the price is at around 128$ and holding...

Be sure to be tracking bitstamp's price.

http://bitcoinity.org/markets/bitstamp/USD

Mtgox price is distorted ATM :(

http://falkvinge.net/2013/09/13/bitcoins-vast-overvaluation-seems-to-be-caused-by-usually-illegal-price-fixing/

"Tired of 140$"

LOL

I hope the price stays here for a while. Build a base and then slowly go up.

1 year ago we were at $11-$12.

So 140$ isn't that boring. But in the end $ are essentially worthless based purely on how they are created (mostly in the digital form via banks).

 :)

Somehow I sense the build up of idiot noobs (again) who want to strike it rich quickly. These dumbfucks don't have patience and If they reach the critical mass they create crashes.

I don't believe in any individual manipulating the market but the exceptionally greedy ones running out of patience.

Having said that I don't (and didn't ever) see any crashes malicious to bitcoin itself (the protocol itself still works and it's still one of the most amazing software out there). The ones who cast bitcoin aside because of volatility doesn't understand the concept of a maturing market or software development.

The bitcoin experiment already shows clearly one thing: most of the people are amazingly stupid.

mt.gox is no longer a refence for bitcoin price.
We are currently at 130.7 usd / btc and we never reached 140 this month.

Did you make a typo?

Say's who? Coindesk? Bitstamp? BTC-E?


Some of us only put bitcoins in, and only take bitcoins out. If I see at $200 on gox and it drops to $100 at which point I buy back, I withdraw BTC, just like I deposited BTC.

Average of all major exchangers (including gox).

I can and do sell on gox. Yes, on 140USD equialent of euros. Ignoring the mtgox rate is quite stupid imho. The world doesn't revolve around the US.

That is what i do, i have never deposited usd or withdrawn usd from any exchange. I understand your point but it is not no good doing that on gox.

If you send to gox and sell off then when you buy back in it will be at a higher rate than market value. So you mine or buy coins and you sell them on gox for usd at a 10 percent mark up Sweet right? No because when you buy back in you will be buying back in at a 10 percent mark up and you have the added risk of dealing with an exchange that is on the ropes. 

No, you have to deal within the exchange you are trading. If Fiat withdrawal worked evenly for all the exchanges, the price would equalise (back when bitinstant served BTC-E and GOX people arbitraged all the time). The price difference exists because of how hard/easy it is to get money in/out.

If you are IN gox, then you pay attention to the GOX rate. By nature, if you could buy at Bitstamp and sell at GOX, the price difference would disappear. It's an artificial situation.

Once the money flow drops, we may see a crash similar to the one of the 5th September.
I believe we are just a couple of hours from it.

I don't know.  It is the weekend.  So far it has been pretty stable.

What makes you think the value of bitcoin will drop the difficulty just increased dramatically

The money flow indicator has nothing to do with mining difficulty.

5th Sep?  ~$140 has been a major resistance level all over the chart, not just Sep 5.  Don't forget about April 29, when they started dumping 250K BTC day.  Yeah remember the days when there was REAL volume? THOSE are the days that matter and which control the trends.  The volume as of late has been totally pathetic in comparison.

https://i.imgur.com/ftpZSDo.png

There is less insight into the volume lately. At least within the US, there is reason to believe that Coinbase is trading large volumes, but they do not make there statistics public.

Volume will come back in the next few weeks based on our model. Exciting times ahead for bitcoin charts...!

You rely on models for advice? I can see you collecting fees from fools here and spending them on models that are sucking your d**k, who you ask for ''''''advice''''''.

Yes we have models.
No they don't cost anything
Yes we collect fees because people value accurate forecasts for their trading

A couple of hours ago a small whale placed buy orders around 135$. There is data to support a small (for now) upcoming drop.
http://bitcoincharts.com/charts/chart.png?width=940&m=mtgoxUSD&SubmitButton=Draw&r=10&i=Hourly&c=0&s=&e=&Prev=&Next=&t=S&b=B&a1=&m1=10&a2=&m2=25&x=0&i1=AccDist&i2=MACD&i3=MFI&i4=StochRSI&v=1&cv=0&ps=1&l=0&p=0&

I hope that we can reach 200 usd again, then I will sell some btc

probably not. The excitement of the rally might keep you holding on longer. I also think 200 is not a place bitcoin will remain at for long.

+1

Wait for the next order of magnitude to sell. However, it will most likely come with a bubble.

Tired of $140?

Okay sell to me at $100. Sounds like a plan.  ;D

Personally, I would be pretty happy to see $140... on Bitstamp.

Almost a month later we're still stuck near 140.

How boring.  ;D

who uses gox prices?

i am tired of $120-125 tho, so i bought some.

If resistance is finally broken (which could easily take some more weeks) btc is going to activate rocket mode.


ya.ya.yo!

Yup, I originally was tired of 140$, now I'm happy we're there again!  BTC has survived yet another speculative crisis ;)

So, give it a few days, and I'll be tired of that 140$ again ;D

Hopefully in a year or so there will be threads that say, "Tired of $1000." ;)

in a full year ? man, those pessimists give me the creeps...

Just trying to be conservative here.  I don't want to get peoples hopes up!  ;)

Conservative = Boring  :P

They're back  :D

Yes, it's boring, so please god let it higher.

Ehrm, AFTER, going back down.

Thanks!

I hope you are also doing something to promote bitcoin or make service for it so the price is not so boring ;)

"Tired of 140$"

Who could've imagined this statement just a year ago.

During that moment I imagine how it will be boring to be stuck at $990ish

Nice bump up lately up a few more dollars.  It rose pretty quickly could finally get out of the $140's soon with price action like that.

Yes, $146 now at MtGox. We will see $200 by the end of the year

If the end of this month is considered by the end of the year, then I concur. If only I could share what I know, of which I'm pretty sure a handful of others in-the-know know, you know?

End of the month?  I don't care what you know.  I just hope you are right!  ;D

When can you share?

I sense another large market correction soon to come, after the price spikes. Good luck to those who jump in now, you're going to need it. (Time it right, I suppose.)

The next mega rally, whatever it surges up, to will likely be followed by another large "crash"/correction followed by multi month consolidation/buying opportunity before the next rise. It is the bitcoin way.

If the market was going to correct downwards, then the silk road seizure would have triggered it.

The market was trending down the days before SR news, and I dont mean market sells from those in-the-know.

SR reversed the trend.

Can't expect the price to go up everyday. Come back a year and see the result...

Silk Road had a very small impact on the overall direction of the bitcoin market. After all, Silk Road came to existence because of bitcoin, not the other way around. I agree with derpinheimer.

150: Not so tired anymore, feeling fresh and recreated. Thank you, bitcoin.

I am already tired of 150 man ! :P

After such a large price increase, IMO we can expect a crash within 3 - 4 days.

as long as we don´t end up in the 140ies again... >:(

600000 BTC just went out of circualtion, this has to do something to price. thats 2.5 - 5$%, 140 there fore that should go up by  $4 - 7 just on that

Yes, I was thinking about this too, should explain why the price rise is so high (compared with my expectations and previous rallys).
My question is, will the sub-trend due to the SR coins seizure (removed from market) become the dominant one within the overall trend?

i thgink this is inconsistent.
first, you assume that dpr has collected all the money he ever made with sr. highly unlikely since he had to cover costs and the price of btc was most of the times single or double digits, so lots of the 600 k gone. if you assume he all kept it, then they were "out of circulation" before now.

second, if he kept it all, how did he manage to keep them "in circulation" ?

After more thinking about the SR seized coins influence on the price, IMO there is no direct influence on the price at MtGox.
There is already an upward trend at Bitstamp, due to the new demand for coins. IMO the MtGox market has factored in the
expected future price increase, which will happen mostly on Bitstamp (and others), maybe even closing the price gap with MtGox.
So IMO the fundamentals on MtGox won't support this price level for too long and a downward correction should happen.

The market will correct downwards. This rally has no substance, price is rising too fast on too little volume.

The volume thing again. Did you discuss the velocity of money over lunch with Krugmann lately?

I wouldn't be so sure, we've seen bubbles like this. What we clearly see is a very strong bullish trend happening, which will eventually hit a peak. Once it hits that peak, get your fiat ready.


It's good to know, but where are you getting this information from? An article? Directly from block chain? I wouldn't be so quick to call it out on the price. Just a little doubtage here.


This is true, there are ways where external events can impact the price at MtGox and other exchanges, however; that impact is only large enough to reflect the size and nature of the event that happened, similar to a stock exchange and the worldly events that occur (ie: US Government Shutdown). Other factors that affect MtGox could be the way it operates itself, losing investor confidence, and of course, the US government seizing its funding/ law suits going on.


I agree with half of that. The market will correct itself, and nobody will know when.

As for volume, you could relate it to supply and demand. When supply is abundant, and demand is low, the price reflects that scenario, and goes down; and vice versa.

I can't wait for you to do an "Adam 180"

Tired of $150. Either go to $100 so I can double my BTC holdings again, or go to $200 so I can feel rich.

Yeah, still gonna bubble up then crash

OP be tired no more.

Soooooooooooo tired of $150 already.

$140 was torture.   Weeks ... and weeks.   But it made my financial advisor shut up about volatility.   Almost worth the price of admission there.

But yes im ready for $160.  lol ..

$140 here we are again....oh wait that's Bitstamp not Gox

This market is perverse.

There are lots of small sells, but large and infrequent buys, what going on?

Oh yes, and, $160 here we come.

Big movement in the last few minutes...  Almost 160 now!

and now he'll have something to complain about once again!

160: Ah you people - - it's always so easy for you!

waiting for the NEW 140ies !

in EURO, baby !
 :o

I'm tired of the 100s

if we could just hang out here at $160 for a couple weeks, I'd be thrilled.

tired of triple digits.  8)

I 'm tired of 160 already   :P

ya man, i want to PAAAAARTYYYY

https://bitcointalk.org/index.php?topic=285771.0

cheech300

Don't say that.  It did not last long enough. ;)  I was hopeful we would just skim through the 160s right up to 200 in a few days.

The most boring number of them all is $150. Its half way between $200 and $100. You can't get too excited about it as a buying opportunity, nor can you get too excited about it as a high price.

150 is a scary number. It's 'this is where the trend break happened in april after that bulltrap and then tanked to 80'. Let's get back to 160s nao.

Well, I might as will keep this going.

We hit $182 today.

Pretty sure this is because the black sheep of bitcoin is finally gone. Silk Road.

And the China announcement.

Confidence is probably skyrocketing now that bitcoin stayed afloat without all the illegal activity going on. Higher confidence equals higher value.

People are probably happy that from here forward, illegal activities won't be the hallmark of the majority of transactions related to bitcoin.

Bump!

IMO the current price is about 30$ higher than 'normal' due to manipulation by whales, but I'm OK with that.  ;D

uh... that was quick

$200 here we come. ta da moon!!

What do you know!? I'm starting to think you aren't just puffing yourself up here... and I'm insanely curious!!!