Bitcoin Forum

OMG it's going up.. has the world gone insane?

Some whale is flipping Bitcoin over to shake the last few dollars out.  ;D

Behaving exactly as it should, we have ignition!

http://www.game4coins.com/btc/ta_log.png

Great news. Right I'm going to quit my job tomorrow, buy a Ferrari and book a nice long expensive holiday.

Reddit much?

Still going up. This feels weird.

Corrected it for you ;)

It just went down a bit. No wait, its going up again.

tanking again. the world is back to normal.

I was really cautious in calling the china Caixin news "FUD" like all the permabulls here. At first I had the sense that the PBOC thing had to be real, and since I was in fiat and shorting from time to time it was even convenient for me, but now, NO EXCHANGE received any notice from PBoC or anyone. BTC38 and Bter halted third party or bank deposit NOT because of any PBoC notice, but only because some third party processors FEARED that the PBoc would step in their way.

Right now I think the whole Caixin bullshit story WAS in fact FUD.

on April 15th fucking nothing will happen lol


I think BTC price will slowly start to rise with some little corrections along the way from now on.

Did anybody here mention china? Why do you even start with this nonsense again?

Ive learned from this forum that whenever the price moves a few bucks its market manipulation.

Brah?

We are talking about BTC price, and the PBoC situation in China is the biggest determinant of the BTC price short term (following weeks), whether you like it or not.
 

BTC price will ride in the upcoming weeks once the rest of the world forgets about China. Wait and see! To the moon!

Welcome to Bitcoin

The swings are like 95% of the fun

Weekends (through Sat night) are often slow/lower prices.
To Rally now is possibly a great signal.

had to start going back up eventually, since it's impossible to see 0.  :-* bring it

Damn, my beer tastes good.

Houston, we have liftoff!

Still its not in a good position

boooring...

The price has gone back to exact position of 24 hours ago. A nice day has been ruined.

now i'm never gonna be able to leave my parents house

It is trading at >450 levels. That is actually good. Don't expect BTC to go over 1K all of a sudden. This time there will be no sudden jumps.

Fall coming.

http://v.youku.com/v_show/id_XNjkyODM1NTM2.html
Totally relax about the 415 incident, they even sing about it.
What will you see after a short squeeze if you look down at the top of a Russian hotel where Igorr work as a porter?

Hopefully the rise will continue i really wish it will not go down more..

oh, my shadow,
Where are you up to now, I'm was worried for you

Lets hope it's gonna stabilize a little bit from now on.

No way, first go below 200 usd!

Everyone has the right to short, it is their own decision, but did you thought about the risks?
Its even greater.

Posting empty posts over and over without a base is asking for FUD posts back.
Try to posts lesser, but explain better why you think it will go that way.

There is no investor in Bitcoin,
The market is oversaturated with Bitcoin
every day is generated about 4000 new bitcoin which have nobody to pay
People are becoming aware of what is Bitcoin, and speculation does not work anymore.
Case MtGox killed all hope in Bitcoin
The previous price jumps have been artificially, by MtGox and any mining hardware manufacturer.
The mining factor is too small for any serious action,and time is to quit the game
A major player China 15 th april 2014 out from game.

There is no investor in Bitcoin,
More people are aware of bitcoin each day, but no speculators like in China anymore after this crash.
This crash is in fact good if you look at it now, BTC will grow slower but more stable.
Money are now spend by VC into infrastructures and services.

The market is oversaturated with Bitcoin
every day is generated about 4000 new bitcoin which have nobody to pay
Since the start of bitcoin, about 7200 new coins are mined every day is.
In november 2012 this was halved by the protocol.
Not all coins mined are direct sold at the exchange, I still have 90% coins that are mined in 2011 in my wallet.
It's true that things have change with the coming of ASICS, they are expensive and people need to sell their coins faster
to pay the bills.
Not everyone is in good finaninial shape and the cost of electricity is different in each country.
I have to dissagree that all coins mined today are actually sold on the same day.
Unless you are KNC, they need to sell it for hard dollar.
Factories don't accept BTC now for components, KNC is non-stop building a mega farm.

People are becoming aware of what is Bitcoin, and speculation does not work anymore.
This is true, volatility will be less, but bitcoin will grow more stable now that there are services and infrastructures added to the network.
On the other hand, daytraders who like to short will have less profitability

Case MtGox killed all hope in Bitcoin
Beside MtGox, we have a lot scams with big exchanges before.
If you have follow the interview with Bobby Lee, you notice they are willingly to do an audit by a third party.
They will become more mature and transform into a real company with regulations if neccesary to survive.
People are also scarred now to be scammed by an exchange.
Problems with MtGox already exist in summer 2013, before it only takes a week to get your money out.
I sent coins between exchanges to profit from price difference, but since MtGox come with an excuse that their daily withdrawel limits have been reached.
I know something wasn't right after asking banks about this bullshit.
I stopped immidiately and got my latest payment after a month in septber 2013.

The previous price jumps have been artificially, by MtGox and any mining hardware manufacturer.
You probably don't know about https://bitcoin-24.com/
bitcoin-24 introduce trading without trading fee, just the same like btcchina did last year to attract users.
Together with the Cyprus bank incident, people get aware of bitcoin.
Hardware manufactures lure people to buy with bitcoin and give them discount for doing that.
They know, once the Asics are released in the wild, BTC will more difficult to mine and the chance that bitcoin will increase in price is bigger than that it
will drop.
They didn't foresee the no trading fee from BTCChina, this together gives BTC price a jumpstart.

The mining factor is too small for any serious action,and time is to quit the game
I don't agree with you on this one.
For most of the miners it will become harder to become bigger through limitations in their home infrastructure.
But it is not impossible.

A major player China 15 th april 2014 out from game.
This is untill now still unclear

Then, What is this, form dec 2013 year to april 2014 year ???

http://s3.postimg.org/y8y4atv7n/chart.jpg (http://postimage.org/)
image upload (http://postimage.org/)

If this crash already scares you, try to look at the one from summer 2011

Yes, we needed a Bear to tell us what we already know.

If you look from 2011 year, and If we now have current price $20 we again have growth.
That's your logic, it is right in in absolute values, but certainly not good.

By your logic, the decline may be only if the bitcoin price goes to minus. (negative value),
because is started from zero.

After price $250 usd, I will take my profit about 500000 usd,
and all my money go to my bank account in Russian bank, there is my money 100% secure and guaranteed.
and you still buy Bitcoin and live in fear.

You misunderstood my logic

I don't understand why you think it is impossible to mine in Russia.
If I look at the electricity cost in Russia, it is profitable depending how much you have paid for your miner.

http://en.wikipedia.org/wiki/Electricity_pricing

Mr Putin does not accept bitcoin, and it is ilegal in Russia,
And the dollar will soon be banned in Russia.

http://lmgtfy.com/?q=dollar+bank+of+russia

If you think bitcoin is going tank, then it's logical to cash out now. Why wait for the $250 and lose profit?

... I know why, you are scared that the train will leave the station the moment you jump off don't you?

I am forex trader, This trend suits me, and I sat  in my train in 2013 year.

He don't have bitcoin.
He is shorting bitcoin with leverage.
It is similar like with stocks
http://en.wikipedia.org/wiki/Short_%28finance%29
The more bitcoin crash, the more he earn.
You don't need much money to play this game, but the risk is people over investing in it, if it turns out the other way,
they will lose everything.

I can not lose everything, I have set up trailing stop.

Crime is rampant in Russia. Criminals there have no problems pedaling arms, drugs, humans, poaching etc. The market for these lillicit activities there likely amounts to billions of dollars. I think a lot of people there would disregard a ban on BTC.

Made it through the weekend in pretty good shape.
$500, $580 here we go......?

Yeah I notice weekend in bitcoin world is lazy time ;).

Or maybe bitcoin is more stable at times when wall street isn't

With all the tax implications being set in stone we'll be in a cautious bear market for some time yet. The greedy deluded "traders" will get stung badly, the articles of John Doe being done for blah blah tax tax etc will push people off. Endorsement from companies and figures carry much more liability now.

It was expected but itll slow price growth down significantly. I personally saw June/July for the next wave but now it may well be longer.

Slow and quiet will be followed by finally Wild!
The most likely direction is up, since there is strong buy support at lower levels.

I wouldn't say first time ever...

As the number of users and services are growing bitcoin should at least stabilize for some time. When people will start to use it for daily transactions it shall slowly go up.

It's back on the way down, tonight or tomorow it will start falling and won't stop until it hits 10$.

I would believe the Winklevoss brothers before I believe you
http://www.investopedia.com/articles/active-trading/040814/winklevoss-bitcoin-payment-system-worth-400-billion.asp
 :D

ROFL get your facts together dude this isn't real.