Things are getting more complex as Bitstamp now has 10% of the volume. Soon the old patterns will be disrupted (weekend dip, Tuesday rally, etc.). Localbitcoins may even start to become a major force.
Yea, it seems like mtgox's badness has finally caught up with them and demand is just bursting forth and flowing onto every other exchange.
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What the heck is happening over at btc24? The Euro is at high 58s with respectable volume.
its not just btc24, bitcoincentral is even higher, Americans need to catch up. Hrmm...doth these rumors of MtGox fudging up do to this transfer thing have some legs?
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What the heck is happening over at btc24? The Euro is at high 58s with respectable volume.
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May I make a bold prediction? $100 before the end of the month, $1000 before July, $10000 before the end of the year. I could be wrong though That is mighty bold. But again, I guessed that the year high would be 20ish back in January, so what do I know?
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What will the weekend bring?
I'm betting on stagnation. Monday will rock. +1 The more stable the price over the weekend the larger the boom will be Monday.
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I think they will be bought in 8 hours or so.
Any real reason to think that, or is it just a guess?
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http://www.blackjackchamp.com/casino-news/18169-cyprus-crisis-increases-flight-to-bitcoins/Clearly, a virtual currency with no single physical presence, on which no government can levy taxes, carries a definite attraction these days, especially in countries whose economies are in a less than perfect shape. A couple other interesting paragraphs: A host of vendors also accept payments made in Bitcoins and recently a British man sold his entire house for this virtual, peer-to-peer currency. But a major area driving popularity (and price) of Bitcoins upwards is online and mobile casino gambling. Did I miss something, or is this just an interesting example of the telephone game? Another significant development that could have led to this surge in demand for Bitcoins observed over the past couple of days may have been the decision earlier this month by iPoker’s WinPoker.com skin, to add the cloud currency among its deposit and withdrawal options.
Considering these gambling trends it is possible that the events in Cyprus merely served as a catalyst for some people to start working on smart strategies to achieve financial security, but the main driver may still be the increasing availability of gambling destinations accepting Bitcoins.
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The magic hour is upon us. Will there be another WTFBBQPWN explosion today? We'll just have to wait and see...
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http://english.ruvr.ru/2013_03_22/Bitcoin-to-become-borderline-illegal-in-the-US/The US government has discovered a new instrument that could be used by terrorists to fund their illicit activities. Unsurprisingly, the American government is actually using the old terrorist scare in order to suppress the use of the first truly independent digital currency. Both merchants and ordinary users are likely become targets for money laundering investigations, even if the American authorities insist that the new regulations will only be applied to business owners. Previous experience of “regulatory creep” demonstrates that the US government cannot be trusted to restrict its actions within the original scope of the new regulations.
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http://www.cnbc.com/id/100581105A bunch of short articles on a variety of recent market news. I'll quote the entirety of the bitcoin section below: Web Money Gets Laundering Rule/WSJ: "The U.S. is applying money-laundering rules to "virtual currencies," amid growing concern that new forms of cash bought on the Internet are being used to fund illicit activities. The move means that firms that issue or exchange the increasingly popular online cash will now be regulated in a similar manner as traditional money-order providers such as Western Union Co. They would have new bookkeeping requirements and mandatory reporting for transactions of more than $10,000. Moreover, firms that receive legal tender in exchange for online currencies or anyone conducting a transaction on someone else's behalf would be subject to new scrutiny, said proponents of Internet currencies. ... One of the fastest-growing alternative cash products is Bitcoin, an online currency launched in 2009 that isn't backed by a central bank or controlled by a central administrator. Currency units, known as "bitcoins" and consisting of a series of numbers, are created automatically on a set schedule and traded anonymously between digital addresses or "wallets." Certain exchange firms buy or sell bitcoins for legal tender at a rate that fluctuates with the market. ... Bitcoins can be used in a host of legitimate transactions-for example, website Reddit allows users to upgrade services using bitcoins and blog service Wordpress.com's store accepts them as a form of payment. Pizzaforcoins.com also lets bitcoin savers pay for deliveries through Domino's and other pizzerias. On the other hand, at least one online service takes bitcoins as payment for illegal drugs, according to a Federal Bureau of Investigation report last year. Bitcoin's backers point out that criminals will use any currency for money laundering or illegal purchases." And before you yell at me, it was written in one huge paragraph in the original
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I bought some coinage yesterday.
I find that if I just spam the buy button semi-regularly I get the opportunity to by within a few mins.
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I bail out now.
Wow, that was fast.
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If you really want to see BTC worth over $1,000, then do something to help develop the economy.
Are you implying that forum posting isn't helping?!
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Nope, it wouldn't take a whole lot to get the numbers to start going down (compared to other currencies).
As much as it pains me to say it, this is the truth. Now, it does have the capability to become the strongest, so do take that into account.
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If nothing else, Salon thinks we're cool There's a difference between thinking Bitcoins are cool and thinking Bitcoiners are cool A man can dream though, can't he? A man can dream...
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http://www.salon.com/2013/03/22/a_libertarian_nightmare_bitcoin_meets_big_government/Bitcoins are undeniably cool: marvelously “mined” from the ore of computer processing power and electricity; more ready for prime time than any previous experiment in purely digital money. And Bitcoins, increasingly, are a success. At a Thursday afternoon all-time-high valuation of $72 per Bitcoin, there were around $700 million worth of Bitcoins in circulation. People are using Bitcoins to buy real goods and services, to hedge against European financial calamity, and to score drugs. That’s money. If nothing else, Salon thinks we're cool
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ITT: Buddish bears determine that the bubble exists because we can simply imagine its existence.
ommmmmmmmmmmm
Am I doin it right?I...I don't... I'm so scared right now.
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ITT: Buddish bears determine that the bubble exists because we can simply imagine its existence.
ommmmmmmmmmmm
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