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2461  Bitcoin / Bitcoin Discussion / Re: If the real Satoshi came back and said... on: April 09, 2014, 10:33:07 AM
I wouldn't switch per se but would certainly buy some to see where it goes. Lets be honest if you were one of the first to see him say that you could easily x a few hundred to your current stash. Biggest pump and dump ever assuming the new coin doesn'y have any new innovations.
2462  Bitcoin / Bitcoin Discussion / Re: The Energy and Enthusiasm is Dying. Bitcoiners are Growing Tired. ZZZZzzzzz.... on: April 09, 2014, 10:30:46 AM
The energy and enthusiasm to the get rich quickers is dying, this normally means were closish to a bottom, only positive as far as I'm concerned.
2463  Bitcoin / Bitcoin Discussion / Re: IRS - for what its worth my USA home office filing with my CPA on: April 09, 2014, 10:28:52 AM
It just seems like such a long winded process that short sighted people aren't going to bother and then moan about getting screwed later.

In all fairness my UK tax returns are done online and as long as my books kept fairly organised can be done in an hour or so.
2464  Other / Off-topic / Re: Malaysia Airlines Flight 370. WTF? on: April 09, 2014, 10:21:24 AM
Ships with better detection capabilities are heading towards the are we will know soon enough which location is the correct one

And the blackbox has stooped sending signals. Probably the battery either ran out of power or it is too weak. Now it will be extremely difficult to find it, at 5,000m depth.

Was it even guaranteed that it was the box sending out signals? Are they even sure they were searching in the right area?

Nope to both of those, it was just a possibility.
2465  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 09, 2014, 10:19:53 AM
Ha... I think we're breaking out of the triangle horizontally right now... Is this unprecedented?

Maybe we'll just go horizontal forever  Grin
2466  Bitcoin / Bitcoin Discussion / Re: Which Bitcoin Client do you use and why ? on: April 09, 2014, 10:19:02 AM
This seems like an appropriate place to link this as a small warning to Multibit users

 http://www.reddit.com/r/Bitcoin/comments/22gt4r/major_mulitibit_bug_btc_gone_it_cost_me_all_of_my/
2467  Bitcoin / Bitcoin Discussion / Re: The End Of Online Commerce on: April 09, 2014, 10:16:06 AM
Although it remains to be seen how many sites will renew their certificates as the bug has been in the wild for two years.
2468  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 09, 2014, 09:30:16 AM



exactly what I said. new money means price will go up. no new investors or money - price going down.

holders not holding - > crash.

In all fairness those things arent mutually exclusive attributors to a crash

No new investors != price going down.

No new investors + hodlers not holding = price going down.
2469  Bitcoin / Bitcoin Discussion / Re: If you know someone that at some point told you bitcoin is a Ponzi send him this on: April 09, 2014, 09:27:19 AM
People who believe Bitcoin is a Ponzi are usually not willing to pay attention to a single sentence response disproving their statement, much less watch a full 4 minute video  Undecided

This, some people just don't wanna listen. More fool them and unfortunately thats an attitude that a lot of people have to general things in life.

I generally give up after a few trys, they'll come around at some point and if they dont its no real skin off my nose.
2470  Bitcoin / Bitcoin Discussion / Re: The End Of Online Commerce on: April 09, 2014, 09:25:20 AM
RE: hertblleed.com

Hidden in plain sight for two years, ROFL.

I'm not sure if I laughed harder at this or the guy who mined the block embedded with the virus that reformats your 5 1/4 FDD on the 29th of every month.

Looks like it's over folks, back to paper money exchanged in person.  Grin

Im not quite sure what your trying to say, or what the address hertblleed.com is... I'd imagine your attempting to refer to the heartbleed SSL bug...
2471  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 09, 2014, 09:19:22 AM
well, when you think about it...until the last coin is mined, btc needs constant inflow of cash to remain stable.

or people holding.

thats how the US dollar works lol. but really? I think professionals would manage liquidity for profit and we would have no problem keeping a turnover of bitcoins.

the US dollar is partly stable because most oil reserves are denominated in USD. if you want to buy and sell oil, you need to buy and sell USD. This is the buffer.

I wish that was true for bitcoin....... maybe bitcoin will take on a massive commodity market, like alpaca socks.

The difference is that Bitcoin itself is useful and unique and in all fairness is taking on a more comodity like being than a currency at the moment anyway.
2472  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 09, 2014, 08:24:32 AM
Ponzi is by definition a crime. telling people to hold is no crime. that is far fetched...

Exactly and its not like bitcoin will collapse never to rise again if the people on this forum didnt hodl. Bitcoin is bigger than this thread  Wink
2473  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 08, 2014, 03:29:40 PM
Just drew it and it hit the tops all the way to mar 5 nothing broke out.

edit re read,

2nd top nov 29-30th top connected to Jan 6 has it cut through the march 4th point and then perform resistance on my chart as well.

I was connecting Nov top with Jan's top

Okay that makes much more sense thought I was going crazy for a second. This is the overall chart I'm mainly looking to at the moment which is showing a clear breaking of the December trend based on the Jan 6th top and clear resistance based on the March 4th top together forming a bearish channel that we have been stuck in for the best part of a month.


2474  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 08, 2014, 03:09:49 PM
Could you show us how you have drawn your ATH resistance line where it is shallow enough for it to be at 3400 currently?

By my quick reckoning jonoiv is about right...

https://i.imgur.com/0zxIidF.png

EDIT: noticed that jonoiv's is steeper than I thought but still closer to ~2850 than ~3400.

If you connect the Nov 30 top (ATH on most non-Chinese exchanges) with the Jan 6 top on Huobi the line gets to about 3400 CNY on the daily. This line also accurately predicted the top of the Mar 4 bull trap.

Does it?

Connecting the Nov 30th top with the Jan 6 top on the daily shows that trend line being broken on the March 4th bulltrap and now acting as resistance?



A zoomed out example of where your drawing it may help me see where your coming from.
2475  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 08, 2014, 02:38:52 PM
Looks like another push on Huobi to break through the December trend line.  

http://s27.postimg.org/ulzl56vpv/image.png

The ATH resistance line is nowhere near that, but closer to 3400ish CNY.

Could you show us how you have drawn your ATH resistance line where it is shallow enough for it to be at 3400 currently?

By my quick reckoning jonoiv is about right...



EDIT: noticed that jonoiv's is steeper than I thought but still closer to ~2850 than ~3400.
2476  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 08, 2014, 01:46:29 PM
also, i just noticed this. sent out on the 6th
which is impressive
anyone know the TX for this?

Quote
STATEMENT REGARDING RECENT THIRD PARTY AUDIT REPORT
Dear Bitstamp clients,

On November 22nd and 23rd, 2013 an on site due diligence was carried out in respect of Bitstamp Ltd. on behalf of a 3rd party.

Bitstamp’s balance of BTC was validated by temporarily creating the largest single Bitcoin wallet and in the process the largest Bitcoin transaction in history.

The report identified that Bitstamp held 100% of validated BTC balance and USD funds. No material issues were raised as a consequence of the 3rd party’s investigations.

Original statement


Best regards,
Bitstamp team

If I remember rightly it made the news due to the size of the transaction around $100 million is the figure that springs to mind.
2477  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 08, 2014, 01:08:30 PM
So with Stamp logins disabled it seems we're going to be in for an even more boring day that we have had recently. Time to do something productive I guess  Roll Eyes
2478  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 08, 2014, 01:07:41 PM
Have noticed that Kraken never seem to be effected by any of these bullshit issues and come out on top everytime yet their volume is still so low Huh

Kraken is top a noch exchange, i would say it's the better out there, they only thing they are missing is volume. They where not affected by the malleability issue also.

Indeed, everything to do with Kraken so far was perfect. Maybe volume is low, because volume is low? Meaning, they are unattractive for bigger investors as they could not act without giant slippage.

Its the normal catch 22 effect which isnt helped by the general low volume across exchanges. Close to 5k 24hr volume on Stamp the last couple of days.

I think that once people move if it truly is better then volume will pick up quickly.
2479  Bitcoin / Bitcoin Discussion / Re: Gavin Andresen Steps Down as Bitcoin’s Lead Developer on: April 08, 2014, 12:39:53 PM
I think its a good thing that Gavin takes a backseat on code maintenance and overall more encompassing view of the whole of the project,  a lot of the contributions recently have come from Wladimir so the code is in good hands. I actually think Gavin has more potential than just coding and this change will allow him to fulfill that.
2480  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 08, 2014, 12:35:21 PM
Have noticed that Kraken never seem to be effected by any of these bullshit issues and come out on top everytime yet their volume is still so low Huh

https://bitcointalk.org/index.php?topic=560015.0

That was cloudfare not Kraken but admittedly it also seems like Stamps issues at the moment are due to their DDos protection as well.
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