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I read a few threads by the malware creator with shock fake titles like "5k bitcoin dump due on btc-e today". They all included a link to bitcoingreatnews.com
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What kind of business model dumps large amounts at market?
* Owner needed some money quickly* Bitcoiners made many purchases through Bitpay when price was 318$; Bitpay sees that price is 327$, sells the coins before it drops back to 318$ and below. * Private investor bought a bunch off-exchange for 320$; ditto. Probably many more... Bills come in at the end of the month/quarter and businesses need money to pay them. |
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BlakeTrader is down for the moment. Most likely one of the clients crashed. I am unfortunately OOT for the holidays until tomorrow afternoon. I will get all the trades processed tomorrow.
sorry for the inconvenience. I will set up back up clients for the future.
Thanks for the update. Thanks for sacrificing some of your Christmas holiday week to get this sorted. |
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Don't rule out the Litecoin  Better tell them Charlie Lee and give back to the people! What does Charlie need 20% of LTC for?! The people starve while Lee eats cake.  Does that guy do anything but attend conferences? Yes, he eats little cakes provided by conference organizers while attending conferences. |
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The majority of experts who were willing to venture a guess thought that Bitcoin would be worth more than US$1,000, with several experts placing the value between US$2,000 and US$5,000.
Of special interest were predictions by Sam Cole from KnCMiner who said:
“Large financial players are entering the market this year. I am talking to some of them. If they are to become involved they need the coin to be valued at around US$2,000 to US$3,000… So I am predicting around US$2,000 to US$3,000.”
Interestingly, Dr. Marco Krohn from Genesis Mining suggested the same figure of US$2,000 to US$3,000. What is it that miners know that the rest of us don’t? It seems they are expecting a second Bitcoin rush this year.
This point of view was supported by Bitcoin investor Trace Mayer who believes the latest innovations in the cryptocurrency will enable Wall Street to come into Bitcoin which will push the price up “significantly higher.” BTC to break $2,000 mark by Christmas – Experts http://cointelegraph.com/news/111597/btc_to_break_2_000_mark_by_christmas_expertsThat was published on 2014-05-28. As a footnote it says this about the price on Christmas day. However, some were more bearish on Bitcoin’s growth. Bobby Lee from BTC China, who has been hit with uncertainties over regulation in China, offered a much more modest price, suggesting that it would be over US$500. Even Bobby Lee got it wrong! You don´t get the point. They anticipated $1000 by now. This led to extreme over-investment in mining equipment. Major bankruptcies are most likely imminent. How often do big companies usually have to pay installments on their bank loans? Most shops and factories have to pay at the end of each quarter if they are renting premises, which explains empty shops after Christmas. Do big companies usually have to pay bank loan installments quarterly? |
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How do we know Warren Buffett isn't investing in BTC?
If he's not happy with his holding yet & needs to add to it why the hell would he speak positively about BTC?
The price would shoot up & he'd penalise himself.
Warren Buffet's BH owns 10% of IBM ... yes the same IBM that is going hard on the Internet of Things and 'blockchain' tech. Join the dots, the guy speaks with forked tongues on many markets. i though ibm is doing researches based on blockchain-tech, not bitcoin itself? i guess either way it seems advantageous to talk bitcoin down from buffest standpoint I thought IBM was considering cloning Ethereum, not bitcoin. |
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The majority of experts who were willing to venture a guess thought that Bitcoin would be worth more than US$1,000, with several experts placing the value between US$2,000 and US$5,000.
Of special interest were predictions by Sam Cole from KnCMiner who said:
“Large financial players are entering the market this year. I am talking to some of them. If they are to become involved they need the coin to be valued at around US$2,000 to US$3,000… So I am predicting around US$2,000 to US$3,000.”
Interestingly, Dr. Marco Krohn from Genesis Mining suggested the same figure of US$2,000 to US$3,000. What is it that miners know that the rest of us don’t? It seems they are expecting a second Bitcoin rush this year.
This point of view was supported by Bitcoin investor Trace Mayer who believes the latest innovations in the cryptocurrency will enable Wall Street to come into Bitcoin which will push the price up “significantly higher.” BTC to break $2,000 mark by Christmas – Experts http://cointelegraph.com/news/111597/btc_to_break_2_000_mark_by_christmas_expertsThat was published on 2014-05-28. As a footnote it says this about the price on Christmas day. However, some were more bearish on Bitcoin’s growth. Bobby Lee from BTC China, who has been hit with uncertainties over regulation in China, offered a much more modest price, suggesting that it would be over US$500. Even Bobby Lee got it wrong! |
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So, since most experts and mining gurus six months ago expected BTC to be at
a thousand bucks by now, chances would seem to be excellent that mining BTC
is stupendously over-invested. Thoughts ?
The mining hardware suppliers must have done stupendously well for the last six months. |
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Everyone had a chance to meet their family and in-laws, and surely someone in the extended family is investing in bitcoins. So now, there are many people who are coming home that have just been introduced to it, and they're signing up for accounts with exchanges to buy some and join the revolution. Or, maybe they talked about bitcoin with their families and were told, "Bitcoin? You're seriously dumb enough to invest in those magic beans?" and now they're getting ready to sell everything and the price will plummet again? We need to wait for after new year. So everyone open their gifts then we will see if price dont drastically fall it will for sure start slowly rising. But on other hand in Russia they celebrate new year few days latter and China even latter so it might be a bit to confusing. According to this Wikipedia page the Chinese have a holiday on January 1 called New Year. Later on they have another holiday for the official Chinese New Year, it lasts about a week around Feb 19 this year. http://en.wikipedia.org/wiki/Public_holidays_in_China |
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wtf?  almost no change in price today and yesterday?? Most westerners are probably too busy getting drunk and stuffing their faces with food to trade bitcoin. |
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I don't know much about Bitshares. How are the devs abusing it to make money?
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So far average is 3500, and median 1200.  You can already tell this has failed. Very unlikely it'll be above $500. I voted $120. $120 seems more ridiculous than the median of $1200 in my neutral opinion. I don't hold large amounts of coin and I don't have huge amount of buy orders or sell orders. I'm just pointing out that you should caveat what you say... So you're saying $1200 is more likely than $120? LOL I'm afraid you've lost touch with reality. Remember, just 2 weeks ago sub $400 seemed ridiculous... There's a long time to go until March 2015. $120 is not impossible. If we are talking at the start of the year -- $500 to $600 seems like the high range. I personally think it will dip back down after that and complete a wave lower. On that wave lower, the situation may get out of hand -- I'd hazard to guess that there isn't much of a difference between $250 and $120 because people might panic at that point. So, basically, we could go anywhere, I figured between $120 and $1,000 in the next year... $400 to $600 seems to be the likely balanced ranges/average, though. Can't happen Won't happen Too much money is invested in BTC and those people won't let it fall. We're talking about billions of dollars invested just in infrastructure..if it goes below $300 those people are losing money and therefore you can expect it to go back to where it came from....01 cent and no rise after that..only fall but that will never happen. EVER! I remember someone here using the same argument to claim it could never go below $400. I'm not saying it will go below $300 but i am saying that argument did not keep the price above $400. |
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I cancelled another comment to emphasize this. We need cheap foolproof ASIC wallets.
ASIC wallets? Hardened circuits dedicate to bitcoin protocol with all signing done offline. They could enable people to store bitcoins without the need to worry about, or understand best computer security practices. |
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He's been saying bitcoin's shit for ages. His 2015 advice is no different to his 2014 advice.
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It shows OkCoin is the top volume exchange today, probably because the Chinese don't do Christmas. On new years day it will probably be a low volume exchange.
Chinese new year is a whole week of bank holidays later in January. The last one indeed resulted in very low volume (and low volatility) in all Chinese exchanges. Do you both know Chinese New Year is Thursday, February 19 for 2015. Thanks for the correction. It moves a lot from year to year. According to this wikipedia page the Chinese have a holiday on January 1 called New Year. Later in January they have another holiday starting on the 1st day of 1st lunar month called Chinese New Year, it lasts about a week around Feb 19. http://en.wikipedia.org/wiki/Public_holidays_in_China |
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This xmas I didn't give any actual presents.
What I did give my family was a three hour presentation on crypto. After that I hosted/ insisted on a four hour discussion on what they learnt. To round off the day I forced them to do coding until bed time to relax.
I think they all had a lot of fun. Or I did. I have a full menu of extra reeducation for tomorrow.
Were they not allowed to watch the TV at all, or have you already sold it to buy bitcoins? |
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I wonder what the total number of BTC bought/sold today is.
I bet it's really low.
Coinmarketcap shows the 24 hour volume as $14,116,400 which is roughly 44343 bitcoins.
It shows OkCoin is the top volume exchange today, probably because the Chinese don't do Christmas. On new years day it will probably be a low volume exchange. How does this rank against an average day? You can see a 180 day chart below. Today was fairly low, but early December was even lower volume.  |
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I wonder what the total number of BTC bought/sold today is.
I bet it's really low.
Coinmarketcap shows the 24 hour volume as $14,116,400 which is roughly 44343 bitcoins. It shows OkCoin is the top volume exchange today, probably because the Chinese don't do Christmas. On new years day it will probably be a low volume exchange. |
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