Sorry, but you have to be a fool to be surprised by news like the Snowden case, etc. It's so obvious that both Governments and private corporation are violating privacy at their will, both for business and intelligence purposes.

That's why we have to avoid all that Facebook, Google, Skype, Microsoft, Apple crap.... At least whenever possible, because it's really difficult to be completely "off". And that's why we have to cheer both Bitcoin and Bitmessage, and all the open-source solutions that technology can offer to protect one of the most valuable things we have: our privacy.

Errrp... Durrp.... Hip.....

I think I'm switching to Vodka, too much wine, been drinking non stop since April, 5th

+1.5kBTC panic buyed from $110.5 to $112. Who pulled the trigger in here?

I didn't, because....

Well, only 682 coins to reach $110. It looks it will happen. Who's panic buying in here, apart from Adam and everybody who's already all-in?

Right now we have 9100 coins on the ask side to reach $116.5, and 7925 on the bid say to go to $102.

It's true that the depth is slowly improving, but still volume is too low. I'm not discarding a mini-rally, if $110 is broken there will be some panic buys, but IMO those will be short-term moves. Mid term, I'm seeing a bear market, hinted by the crash to $88 this weeked, which will be confirmed if we crash again and $79 is broken on the downside.

1,000,000 mBTC stolen is quite a sum. $109k at today's exchange rate, probably MUCH more in the future. Do you know how that happened? Any hints of who could be the thief?

Maybe there is a chance to recoup them.

"Giving away" 2,000,000 mBTC sounds pretty crazy too.

Anyway, keep on going with the mBTC thing, sooner or later we will need to start using that for sure. Hope MtGoxfinally starts using that denomination, the psychological factor is important for people, and buying "one coin" for +$100 sounds "too expensive" for the average Joe, even if it's nonsense.

I think Bitcoin it's been a good investment for 99% of the members on this forum. Some noob may have bought at $200 and panic-sold at a loss after the April, 10th crash, getting burned, but IMO that would have been a terrible mistake, as they should have just holded or played with the market to lower their average entry price. Bitcoin's minimum potential is 5 figures of $ per Bitcoin, everybody with half a brain understands that, but it is not a get-rich-quick scheme. There is high volatility and high risks, but also huge potential gains.

It will crumble when it crumbles. Still standing ATM.

Anyhow, breaking $110 can be a good sign for a short-term rally to the $120s... But still it's nothing definitive in the sense of "the bull market is on". The bull market will be very likely when we break $135 on the upside, and will be a FACT when $166 falls. Till then, the bears are still ahead.

Quick hint:





Anyhow, welcome back Risto.

In that case more than a bubble deflating it would just have been a correction.

Honestly, that could be still possible, but I don't think so - the hype cycle and speculative mania in March-April was so blatant I doubt we won't see further visits to $80, possibly $50, I won't even discard going deeper than $50 for a bit (but not much deeper, and if I'd have to take a bet, I'd bet that we won't go lower than $50).

This hype cycles always work the same, a lot of new guys are attracted by the parabolic growth, fiat start flowing to exchanges like a river in the rain season, and when the price crashes that money flow just slowly drains out... It's a slow process, fiat pours out of the exchanges slowly, but it pours out because so many of the new guys entered the market just for the quick buck.

Still, there is significant % of the guys attracted by the hype that end up understanding BTC, and they fell in love with it... The core of hardcore-believers is growing, even if the fiat is slowly pouring out. So, we will probably see very cheap coins soon, but nevertheless Bitcoin is stronger than ever.

Bid and ask sum stable. Volume decreasing. Triangle closing.

I would close any long position.

And look at that decreasing volume. Well, cheap coins ahead.

Scammer tag for those not honoring bets would be good for the forums. Let's not forget that a bet involves money, and if "CanadianGuy" would have won, he would have gladly taken the money. If he loses, he doesn't pay - win/win for him, and definitely a scam.

I would even go further and apply a scammer tag to the jokers that a) create auctions and then do not honor the winner because the final price is not high enough, without having established a minimum price; b) do not honour their bids in auctions; c) pump the price in public auctions with "bids received by PM" that nobody can verify.

I know that all the above is not technically a scam (well, probably C is), but some control to the auctions subforums would do good to everybody. Otherwise, half of the auctions are just an ugly way to lose time.

We have to admit at that time, this kind of posts caused discomfort among everybody. BTC had never proved to be able to resist what he was facing: bubble pop followed by slow and continuous decline, negative media exposure, etc... We all knew it was not a "ponzi", but still, it was not empirically proved that it could resist the stress it was under.

This is why I always say that this is no 2011. This time the doomsayers are mocked. Most of the people is sure that BTC will rise again stronger sooner or later, even if it goes to single digits for a while (which won't happen IMO). The ones who sold, are just waiting for cheaper coins to load the truck. The "bitcoin is a ponzi" has empirically proved as a false statement, nobody with half a brain could say such a thing in 2013. In 2011 it was different.

Bubbles have to burst all the way down before growth is resumed. But this time the bottom will be higher than most 2011-butthurt-bears expect.

Asks piling up all the way to $110. The sellers will become nervous sooner or later, there are too many coins till $110 and no buying pressure whatsoever. Someone that bought from $100 to $105 has to decide wether to sell at a profit at $108 or panic sell and probably lose money if a seller get tired to wait and dumps as few coins as 700-800, pushing the price down.

Loaded = The Winklevoss twins?

Anyhow, he just comes here to say "this is going to be an interesting week"... Las time just after the San José conference. And that week nothing happened, it was boring as hell

Correct, little grasshopper

A crash from $266 to 50 is nothing (1/5). A crash from $32 to $2 is nothing (1/16). That's volatility.

A 1/10,000 crash... Well, thats something. That's "a ponzi" that hugely rewards the first in and first out and leave holding the bag everyone else. But still, money it's not infinite even if it seems to be, the burning has to stop at some point... BTC market will always be manipulated as all the markets are, including and especially the commodities ones (prominently gold and silver), but the more BTC grows, the more expensive it becomes to effectively control it. So, this may be an obvious attack to BTC (manipulation), but an expensive one that has an uncertain outcome. I'm also convinced that BTC would survive.

Well, I'd say you would be in the "few notable fortunes" group. Adam too. TheKoziTwo, too. Coinseeker, no, because he has probably dumped all his coins for XRPs

It's true that 1 billion cap is tiny, but to buy enough coins to really control the market in a "definitive" way you need to spend A LOT more than its seems, supply is very limited, and for this kind of attack you really want to expose as many people as possible to your stunt - traders are not afraid of volatility, if you want people to run away from BTC you need to really skyrocket it to the moon to then crush it to the closest to 0 as possible. That wont cost hundreds of millions, that will cost billions ATM, and every year that passes this kind of attack gets more and more expensive.

And then, do not forget that Satoshi never moved a single coin. He controls at least 1M BTC. He's holding to be able to neutralize any deep-pockets attacker (tinfoil hat mode off)