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It's been around 12 hours since I woke up to something happening and some information about how the Chinese government is treating bitcoin from some sources, and I still have no clue what's going on. LOL
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Isn't there one single chinese speaking individual in the whole western world who's able to translate these rumours etc. into understandable English  Sure feels that way. |
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Who is sources? Sources may be the most powerful bitcoin manipulator of all.
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Just an interpretation but if it happens to be true we should come back above $1000 within days.
Not likely, as it appears there's some pretty strong manipulation going on right now, which is what re-instituting the fees at BTCChina is supposed to dampen (according to their own statement), but I doubt it will make that much of a difference in the near term. New comers have been sufficiently frightened, it appears, which is what somebody appears to be taking advantage of. |
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Wait, I thought I was supposed to be selling everything because China.
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Better make sure you pick the right co-astronaut for the trip, just in case...  That one. I pick that one. Haha, I know right? Too bad her character on "the newsroom" spouts a lot of nonsense about economics, otherwise I might have considered her as a candidate for the future Mrs. Spaceman  . Lucky for me, I've never seen The Newsroom. |
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You should be fine with that scenario. You can also add the offline package to your live usb. Make a second partition on the USB key and keep all your extra files over there. Then mount it and use.
So I have Ubuntu on a USB stick with a persistent file system. I installed Armory and encrypted a test wallet. My biggest concerns are that I can't seem to get the live OS to require login, and I can't figure out a way to do whole disk encryption and keep USB bootable. It shouldn't be an issue because my passphrases for my offline Armory wallets are complex and long enough, but it'd be nice to force somebody to have to jump through at least one more layer of encryption. |
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moon $1000 mars $10000  I'm looking at this picture and all I can think is "why the F would we want to go there?" the human race has an instinctive drive to explore and experiment its what got us this far its what will insure our survival its fucking important This is the "Official OFFTOPIC thread" so here's my thought: Because if for some unfortunate reason <your favorite destructive scenario here>, something happens in THIS planet there will be the seed for the society to be rebuilt. Better make sure you pick the right co-astronaut for the trip, just in case... That one. I pick that one. |
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I think new, jittery users, unfamiliar with trading, but who attempt to become day-traders, are a major component of bitcoin market volatility.
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Does anyone here know how one can invest in coinbase? Buy shares somehow?
They're not public. The way to invest is to be a VC. |
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I felt severe nostalgia looking through old Bitcoin posts yesterday. We were all dealing with nothing back then, but it was fun and exciting nonetheless. 2011, #bitcoin, those were fun times. |
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I've been using Windows To Go for offline USB Windows systems, but would like to use Ubuntu. If I use live 12.04.2 on a USB stick, plugged into a system with no network connection, will I simply be able to move the *.deb file from the website via another USB stick to the live USB and install it without any issues?
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You don't bear very hard. |
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Another 16k in block 274536. Something big is going down.  Ive only got about 10% in BTC the rest in dollars! but I'm still nervous. True that coins might not be moving to an exchange for a dump. But, bearish signs are everywhere. Also, new deposits halting as weekend approaches. Odds of a rally are pretty low. Sell now to be safe. lol, I remember this job. |
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We have a support at 30-day EMA. But we already tested it during the previous drop, and now we are right on top of this EMA. Will break it soon.  Probably. Does that help? |
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Price went up a lot really fast. Market participants get nervous/take profits. Price goes down.
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We are in a bear market. The volume above 1000 was thin. Lots of people are sitting on paper profits. Bulls at this current level will learn the same lesson as the bulls did in the previous two crashes. I donīt believe that 546 was the low. Sorry, but greed is not selling to protect profits, it is sitting on massive profits and being greedy for more.
This. This is the advice I followed when people said the same thing in early June 2011. Haha, jk. |
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Gather round everyone. I'll tell you how this will play out. The exchange rate will languish for a while. New money will flow to the exchanges as interest is increasing, but new buyers will be hesitant to buy, as they may suspect the price is in a downtrend, and so will hold of buying in the hope that they can get the most bitcoins for their money. This will go on for a while, maybe many minutes. The total amount of money waiting to buy will build over this period, and this won't be obvious by merely looking at bids on the order books.
Eventually, the distance of time will minimize the fear of this most recent run-up. A few people will buy largish amounts, then a few more, and so on. The bids will begin to pile up on the order books, and a new phase buying like we've just seen (and like we've seen many times before) will begin, which will quickly accelerate after old highs are broken.
Then repeat.
FTFY. Well, in all seriousness, I do expect the slump to be shorter than previous ones. The infrastructure is on a good trajectory, and is more robust than it's ever been (with a very long way to go, still). My take on overall public perception is that distrust and skepticism are lower than ever. |
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Gather round everyone. I'll tell you how this will play out. The exchange rate will languish for a while. New money will flow to the exchanges as interest is increasing, but new buyers will be hesitant to buy, as they may suspect the price is in a downtrend, and so will hold of buying in the hope that they can get the most bitcoins for their money. This will go on for a while, maybe many months. The total amount of money waiting to buy will build over this period, and this won't be obvious by merely looking at bids on the order books.
Eventually, the distance of time will minimize the fear of this most recent run-up. A few people will buy largish amounts, then a few more, and so on. The bids will begin to pile up on the order books, and a new phase buying like we've just seen (and like we've seen many times before) will begin, which will quickly accelerate after old highs are broken.
Then repeat.
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