# of coins is only increasing 1%

You are saying?  "if this is the bottom"

At this time, we have a price battle that kind of started three weeks ago and the bears kind of let the prices go up further than they wanted (or maybe they were kind of willing to let it go up)..... anyhow, now there is a battle that seems to be starting...   There is a disagreement about price. Sure, maybe we will end up in the $880s, but there are a lot of areas between about $600 and $1140 that we could end up...

O.k.  Maybe I am being a bit broad with my description of the range.. but it just seems too early to call anything...

There is a potential of another test of support in the lower $800s, but yeah, maybe we don't go there, and then that scenario would be bullish... but I don't think that you can determine either bearish or bullish in the short term because we gotta get some resolution of this $600 to $1140 range... which is pretty fricken broad at the moment, and surely if we do not get further test of the bottom and $880 ends up being the bottom, as you are suggesting, then that would be a pretty bullish scenario that does not yet seem to be a given (I would ballpark that scenario at less than 45%.. but yeah surely it is difficult to know for sure while in the very beginning stages of what appears to be a disagreement about price)

I'm not sure about the time frame might take a couple of weeks maybe of not much movement. But I'm feeling comfortable about the bottom too. Looking forward to next week.

I'd cancel it. If it goes above $780 it will probably go above $800. The last high is a resistance point, and traders will have placed secret buy orders above it. If it stays below $780 the traders will consider the last two $779 highs a double top, and if it goes above $780 the traders will consider it as an indication of another bull run.

this doesn't look good

I think blaming the media for this correction is far fetched at best. The correction was due. Quit trying to blame someone for it.

I love the optimism but history tells a different story.  It's hard to revisit highs after a major dump.  "Oh shit ... I missed the moon ... I need to get off this bitch ... I hope it bounces back up so I can recoup losses".

Those who held thinking they were going to get a better price and those who simply bought at the high get scared and pray for a chance to dump their coins. Hopefully to break even or make a small profit. Some are so scared they sell for losses.

History tells us bitcoin will slowly cycle downwards for some time. Believe me, I wish the opposite.

Recently, the Chinese government and the People’s Bank of China offered reasonable suggestions to Bitcoin exchanges and users, discouraging fake volumes and offline scam-like promotions while asking users to maintain responsibility for their independent actions.

But some media outlets, mostly western-based, used the events to spread panic among Chinese investors, leading the price of Bitcoin down to $830.

"We will provide 3 months withdrawal service..."

https://bter.com/article/11868

salma hayek. i don't understand what she's supposed to represent in terms on bitcoin. she certainly seems to make regular appearances here for some reason.

$830 within 2 hours.

Answer from support:

"The problem of server logic, leading to more than 1000 bits in platform hot wallet share, more than 1000 future currency and a few other digital assets, such as BTC/LTC is missing, but we will bridge the funding gap. Users will not have a loss. Other COINS will be this two days to return to work."

Thanks for the link. Didn´t know it.

Very interesting.

it's up! btc withdraw is working
bts withdraw system busy 2, pps withdraw - system busy 2 guess nxt and xem as well

any link to btc cold wallet? or to another cold wallets? they had list of cold wallets but i can't google it now, even in cashe

Total Amount of All Users: 10541.571265, Address of the Cold Storage:coming soon.

Doubt, their volume was not big last year. It could be compared with cryptsy not mtgox.
Proly there are some talks on china forums?

Thanks for the hint, I'm learning quite a lot on this thread =)

^^ this gif sums up the last 70 weeks pretty nicely. what a ride.

thank you.

MINT RIP 

I've had a sell order at $780 for a long time, set it up literally the second after the market fell in June and it hasn't been hit yet - wonder if we'll break it this time.

Have you ever ask yourself if have guvernment and banks allready done/chosen their own coin and now they just wait for the best moment to bring it to us?  

The government of Cameroon has implemented a centralized, insecure and potentially dangerous blockchain protocol and currency Trest in their project to enable the unbanked to transfer money quickly without transaction fees.

Unlike Bitcoin, transactions on the Trest blockchain are not verified by miners or any entity incentivized by the network. The developer of Trestor, Kunal Dixit, has said:

“The Trestor Network (T-Net) is not powered by miners but volunteers, because T-Net is not hostage to miners, all transactions are free and always will be.”

As reported by CNN, 90% of the country’s population is unbanked, and the country has more mobile money accounts registered than bank accounts. Through its active support for the implementation of Trestor’s payment network and digital currency Trest, the government says it hopes to help the unbanked transfer money nationally.

Has anyone found a thread to my open challenge yet?

Here's an open challenge:

Link me to a recent open discussion (not in the market) that has over 20 pages of replies where more than 25% of those replies DO NOT have a paid signature advertisement