People depositing to BTC-E. When will you learn.
Depositing in bitcoin seems to work pretty well, and pretty quickly... Though, yes, that seems to be a different story. |
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Jesus, you guys talk about BTC in amounts I can only dream of  Ofcourse it would be much more profitable with 60btc than with 12.. Guess I'll just have to wait till BTC hits $2000  I started with 17 coins in april 2013  Just seen the potential of BTC too late. I Invested 60k now. So Almost all I got  If you started with 17 BTC in April, and then you invested an additional 60k at $700 per BTC, that would put you at 103 BTC. That is 17 + 86 = 103 BTC. I feel so small potatoes with only 36 BTC |
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So, is there a consensus about what caused todays sudden price increase
The world is in love with Bitcoin and most realize it is a great value? All of a sudden, like that? A new perfume perhaps? No. We simply bounced off the bottom of the exponential growth adoption trend that underlies the price rises to date. Nothing unusual at all, it was simply oversold. Edit: and you should have loaded up after I called the Gox bottom last week at 400. A problem is that NO ONE really knows the bottom.. and it is so scary when the downward momentum is happening b/c it tends to happen so quickly, and NO one really seems to know when or if the price is going back up... except for the whale-bot manipulators... and maybe they are even unsure at that point.. when the price is seemingly in freefall stages. NONETHELESS, I agree that if we are in fiat and waiting to get back in we do the best we can to set our buy price and amount before that moment happens. |
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Bitcoin mentioned in Almost Human again tonight, expect moon X2
define moon....... how much and when, approximately? |
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This rally will have some legs imo. 800k bitcoins need to be replaced.....
Your assertion does NOT make a lot of sense. Possibly, a portion of those 800k coins have already been absorbed in the market. And, do you really believe that the various holders of 800k of Bitcoins (who got burnt) are going to replace those coins? Maybe 25% of them will, maybe.... but when would that happen? in the next few weeks? I´m all in BTC, lets go down now like always :|
I'm about 95% in bitcoin... I had been hoping for another downswing... which does NOT seem too likely.. maybe we might get down as low as $650? Maybe? Seeming less and less likely, though. I can say with almost certainty that we will see $650 again, as we are not even very far above that level now. I am bullish long term on bitcoin for sure, but we definitely have a lot of ups and downs still ahead of us. There will definitely still be some flash crashes in our future (even if they last only a few minutes/hours).... We would see $650 if someone dumped off about 1500btc right now... I was really hoping for $510 because last week I sold a small portion of BTC (2) at $525. We continued to drop to $530, but never got to a point that I could profit from that $525 sale.. I took my chance that we would possibly get another price drop, but it never came and NOW it is looking unlikely. I bought 1 BTC back in at $635. NOW, the best (absent some flash crashes) that we can expect is lower $600s.... I would rather buy back in at a loss (maybe .6BTC), than to miss the trip to the moon... which is likely initially to the $750 to $850 range (in the next week or two), prior to departing to the $1,500 range (in the next 6 months). |
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This rally will have some legs imo. 800k bitcoins need to be replaced.....
Your assertion does NOT make a lot of sense. Possibly, a portion of those 800k coins have already been absorbed in the market. And, do you really believe that the various holders of 800k of Bitcoins (who got burnt) are going to replace those coins? Maybe 25% of them will, maybe.... but when would that happen? in the next few weeks? I´m all in BTC, lets go down now like always :|
I'm about 95% in bitcoin... I had been hoping for another downswing... which does NOT seem too likely.. maybe we might get down as low as $650? Maybe? Seeming less and less likely, though. |
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Why did hackers stole 750.000 Bitcoins only from MTgox and did not touch any other exchanges?
What is Karpeles doing at the moment? Can he get out of Japan or is he "arrested" to Japan?
Does somebody know this?
I´m still sure Karpeles stole that coins and say hackers did that. Can he go to jail for the insolvency? or is it really so easy to open up an exchange, let people invest millions and then shut it down? I mean, easy way to get rich!?
They stole bitcoin to buy more dogecoin. Karp is swimming in dogecoins. We all know this. Yes, it is easy to build an exchange and steal from customers. I can build you an exchange for the low price of 10,000btc. I know that sounds like a lot, but think about how much you will make over time. Srsly Never watched the dogecoin charts and I´m not sure if you are serious about this or not!? I and a lot of people have coins on stamp too and I´m worried that stamp could do the same as gox some day. Even though they are at a leading position at the moment. You guys seriously think another exchange could have the same problems as Gox? It's coming out now that it was well known Mark was neglecting the code. He had plenty of warnings from people who know what they are talking about. Also, Gox has been sending out a warning beacon since November when fiat withdrawals problems were getting out of control, you will see the same signs with another exchange too. Learn from your mistakes, don't wish the same misfortune on other people. The most plausible stories about what happened includes MK knowingly trying to drag this thing out since about 2011.. hoping that he would earn back coins that he had lost in 2011 (nearly 1 million coins). Accordingly, by the time late 2013 came, MK was utilizing bots and self-dealing with investor coins and well manipulating the whole situation in order to attempt to recover lost coins from 2011.. that he was NEVER able to make up. OMG..yep very unluckily the poor guy even couldn´t make his pockets whole by halting withdrawls and accepting millions of deposits cause the bug would be fixed in no time.... even TBF said so while selling and the dollars went off-shore! DUDE your plausabilities suck big time Yes, I provided a rendition of what seems plausible at the moment. What's your rendition, and why would your rendition be more plausible.. do you have some better facts? or better inferences ... surely over time, a story is going to develop, which may or may NOT be the whole truth about what actually happened.. |
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Why did hackers stole 750.000 Bitcoins only from MTgox and did not touch any other exchanges?
What is Karpeles doing at the moment? Can he get out of Japan or is he "arrested" to Japan?
Does somebody know this?
I´m still sure Karpeles stole that coins and say hackers did that. Can he go to jail for the insolvency? or is it really so easy to open up an exchange, let people invest millions and then shut it down? I mean, easy way to get rich!?
They stole bitcoin to buy more dogecoin. Karp is swimming in dogecoins. We all know this. Yes, it is easy to build an exchange and steal from customers. I can build you an exchange for the low price of 10,000btc. I know that sounds like a lot, but think about how much you will make over time. Srsly Never watched the dogecoin charts and I´m not sure if you are serious about this or not!? I and a lot of people have coins on stamp too and I´m worried that stamp could do the same as gox some day. Even though they are at a leading position at the moment. You guys seriously think another exchange could have the same problems as Gox? It's coming out now that it was well known Mark was neglecting the code. He had plenty of warnings from people who know what they are talking about. Also, Gox has been sending out a warning beacon since November when fiat withdrawals problems were getting out of control, you will see the same signs with another exchange too. Learn from your mistakes, don't wish the same misfortune on other people. The most plausible stories about what happened includes MK knowingly trying to drag this thing out since about 2011.. hoping that he would earn back coins that he had lost in 2011 (nearly 1 million coins). Accordingly, by the time late 2013 came, MK was utilizing bots and self-dealing with investor coins and well manipulating the whole situation in order to attempt to recover lost coins from 2011.. that he was NEVER able to make up. |
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We still going up or was that just a tease?  Dont be posting pics like that... It's too distracting NOT |
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Who panic bought??  I didn't panic buy; I made the preplanned decision to buy when the downtrend broke. wow, for 3 days nobody dumps at 550 $, and thats a downtrend broke. so naive to think that. This is exactly what I thought during the recovery in 2013. "It's only going up because nobody is dumping". All the way from $66 to $200. I have told myself many times now to ignore that thought. The lack of dumping indicates some change in supply in the background which you can't understand. Said it more than once, I'm still quite skeptical we broke the February downtrend, but the signs are there to at least give us a fighting chance. That said, the lack of dumps so far isn't much of a point... during the early 2013 bubble/pop cycle, the reversal arguably started on July 7. Took until July 18 until some whale decided it's time to get out. So there's easily a bit of a lag possible. (btw, whatever that whale was doing, he never got a chance to buy back cheaper. he/she either cashed out, or bought back higher later on) That is part of the problem. We are NO longer 2013... and overall, I get the sense that there is more confidence in bitcoin and the overall network... if we do NOT get a crash, soon.. then likely we are NOT going to see mid-$500 prices again... (absent some flash crash) Don't you worry we will see 570 coins again. And more.
HOW much more? Maybe $510? And, when? I am waiting and biting at the chomps for such. |
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Second: At this time, there is NO real and/or material evidence that any other exchanges have been engaged in fractional reserve banking or stealing money or security breaches at any level near what seems to have happened with GOX. And, if audits do take place, and some of these problems exist (which is likely), there is NO evidence that the "problems" are at any level near the GOX situation.
Well... none of the other exchanges has volunteered to give even a rough idea of their financial position, especially how many BTC they owe and how many BTC they own. I count that as "real and material" evidence that they must be in some sort of Karpelian situation themselves. Just not true. Serious academics shouldn't make such statements - baseless assumptions that a couple of minutes of research would completely debunk. http://antonopoulos.com/2014/02/25/coinbase-review/http://blog.coinkite.com/post/77699705732/updated-audit-report-transparency-andetc. Personally, I would NOT be surprised if there are many discrepancies in various exchanges; however, at this point we would be engaged in a high level of speculation to assume that any discrepancies in other exchanges (such as Bitstamp or BTC-e) rise anywhere near the GOX level of incompetency and/or fraud. |
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Volume has gone silent and frequency of posts in this forum too; that in itself is a sign of depression times.
Someone put a little ask wall of 200 coins at 160.5 and it was fully bought into.
Wasn't bought, he mostly pulled it. He is playing some game / bot. I wonder whether he was testing if 560 is some sort of ghost bid wall or if he is trying to get upwards momentum before dumping? I think they put the wall there.. to attempt to force the prices down to make it appear that there is more people willing to sell than actually exist.... but he does NOT want to sell at that price b/c he would likely lose his ass when the price goes up... he is just trying to force the sale of BTC by others.. NOT by him |
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i dont see us going anywhere but down in movement short term. And I hope and pray that we dont lose another exchange, say for example btc-e. If this happens it is a wrap for btc.
First: the end of another exchange would NOT be the end of bitcoin.. Bitcoin is going to survive in spite of the potential and even the incidences of fraud and/or corruption in various places within (EG seemingly GOX and Silkroad 2 - though silkroad 2 has been much more transparent than GOX regarding that supposed loss of coins ).... Second: At this time, there is NO real and/or material evidence that any other exchanges have been engaged in fractional reserve banking or stealing money or security breaches at any level near what seems to have happened with GOX. And, if audits do take place, and some of these problems exist (which is likely), there is NO evidence that the "problems" are at any level near the GOX situation. Third: the trillion dollar question is whether we go up or down from here... and it does seem, based on the current state of negative news and the impact that negative news has had on the BTC prices, that if there is going to be additional downward movement in BTC prices then that it is likely to be in the next few days.... b/c the longer that this fair stability takes place, the more likely that on-the-sideline investors are just going to jump in at these current prices and there will be a snowballing effect with additional sideline money coming in. At that point, likely within less than the next two weeks, we will be heading upward with little likelihood to return to these current prices in the $500s - except for possible short bursts of flash crashes... from time to time, which seems inevitable with BTC until such time as the market cap gets into a respectably higher level such as above $50 billion ... which is likely NOT too far off into the future... which is very possible to occur before the end of 2014. By the way, a $50 billion market cap on bitcoin would take BTC to around $3500 per BTC... or $3.50 per milibit. This does seem like a lot, and it does seem too good to be true.. and/or pie in the sky. But a $50 billion market cap is only a tiny fraction of bitcoin's potential - in terms of money transmittal, storage of value and currency capabilities. |
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Bitcoin do it already, I don't have time and nerves to wait the whole day, do something already....
BTW watching bitstamp for some time now, bids are going lower, less than 4458 to bring us below $520
I hope so too ... to get to the below $520-ish territory..... but I anticipate.. based on the resistance to go downward that this downward adjustment is likely NOT going to last much beyond few hours... |
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Mark my words, a large whale buy is coming, this will spark a rally similar to the rally after the china crash. There's are many traders waiting to buy back in who are hoping this isn't the bottom yet but have their fingers on the trigger, look at the order book on Bitstamp, buyers far outweigh sellers. There are also many ex gox customers who need to buy back in. Don't get left behind, when it happens, it will happen quickly.
I expect 820 within 7 days, if not more.
less than 50K till 200 that is what in bitstamp order book at the moment, and there is only bitstamp and btc-e for trading now, BTC-e have a very tinny book order, you could bring the price to 0 with 10K dump on BTC-e, dont forget that there is 12 million bitcoin on existence, that 50K against the 12M is nothing . and also if bidders would think that the price at 560 or at 600 is reasonable they would place their orders there, but I see only 9K bitcoin to 500 and 20K to 400 and 35 to 300 and most down less than 200, people base their bids based on what they think bitcoin is worth, and the same works for sellers, they put sell orders on what they think their bitcoins are worth, but at the moment buyers are not voting for $560. IMHO there is no whale that would pump the price just like that, if someone decided to buy 10K bitcoin at a market order, then there is only 3 scenarios: a) pump and dump b) insider trading c) someone who doesn't give a fuck about his money and don't care about buying at 100 or 1000 which means he is not a whale but rather an idiot. You are only talking about the buy end, there are only 18k for sale up to $1000 at Bitstamp, and only 21.28k to $5000. Probably the only way to get a small market reaction is to buy in increments of less than 10 BTC at a time... especially during these low volume times otherwise, even trying to buy 50BTC at a time is likely going to cause upward price momentum. Investors are NOT buying at the moment b/c everyone is waiting for another change... but there is definitely a lot of fiat ready to jump into BTC.. . |
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Christopher Walken, it's great to have you on board with Bitcoin.
What is the point about Walken? Can you explain? I looked up Walken, and surely I cannot figure out the reference. More cowbell! (Walken talks erratically. You type erratically) Yeah, right... a little humor can't hurt.... and thanks for a possible explanation... Fun facts, did you know that you can only set a max selling price of 3200 usd per btc on btc-e..
Does this mean that BTC will NEVER go beyond $3,200? interesting! |
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After Gox is gone, to get to $800 or to $400 we need less coins, as far as those 750k coins are out from trading, in other words support levels are much thinner in both ways.... It will be easier to manipulate the price now... I expect much higher volatility from what we are used... And current price is relatively high, as far as we got here thanks for Gox speculations and China, the only thing that holds us here is a memory that "this is cheap", but actually now, it is not cheap, relatively small dump of coins will get us down, back, when Gox was alive this dump wouldn't get us that low as we could "visit" these days....
If the market was rational, this would be extremely bearish.
the situation is extremely bearish prepare for a long and slow way down (similar to 2011) I remain bullish for the long term , but we will visit the low triple digits (maybe high double digits too) before we Choo Choo again currently I am @ 15% BTC 85% Fiat , and hodling even if we go down to zero YOU are too extremely bearish to be taken seriously..... sorry about that.. but if we go down.. we are LIKELY not going to go down below $450... and we may not even go below $500... current bitstamp price is about $570-ish... likely we will be going to the baby moon with the next week or two.. which is in the 750-850 range, and then within the next three to six months, we will be going to the $1500 ish arena... After MtGox hack in July 2011, there was a "424242.424242" transaction to prove MtGox solvency. Can't lookup details who asked for that prove and how exactly it was proven.
Unless properly designed, this "proof" could be made by thief himself.
AH HA!!!!!! The thief himself could be reading this thread>>>>> gocha!!!...... The thief himself may be in our midst... .. .or the thief himself may be drinking pina colatas in the bahamas...... No, you are too bullish to be taken seriously. We will not be hitting 750-850 in 2 weeks. My described scenario is much more likely to occur than BTC hitting double digits.. that is truly a pie in the sky prediction that is RIDICULOUS..... So, anyhow, based on the news currently in front of us.. and NO dramatically new developments NOT inferred from the current news, I predict that it is much more likely that we will hit the $750 to $850 range than to hit anywhere below $450 (except for some possible flash crash). If we hit anywhere below $450, it is NOT likely to be sustained more than 4 hours. True that the $750 price point may NOT be sustained in the next couple of weeks... but in the next couple of months or so, we are likely to be sustaining more than $750 .. and likely higher than that BTC price points. Let's revisit this topic in May or June 2014, and I bet we are closer to $750 than we are to $450... and really not much chance of double digits any time in between.. absent NEWS that was NOT anticipated on this date.. ... maybe .01% chance of reaching BTC double digits? Surely, I am speculating as well.. and I am also betting my money accordingly into BTC on my expectations... I think that you make some very good points, especially regarding a potential for volatility in the event that there is actually less capital invested and/or circulating in the exchanges. Nonetheless, I remain uncertain about whether the scenario is going to play out in the way in which you describe. At this point, it remains unclear about whether the 750K-ish GOX coins have already been introduced into the overall bitcoin circulation. On the other hand, we have a large number of institutional investors that have likely been chomping at the bits to get into bitcoin; however, they have been holding off in their getting in based on December/January uncertainties about the status of China... and then February concerns about Mt. Gox..... NOW, the China situation seems to be more clear and the Gox situation is somewhat clarified and contained (and I would suggest sufficiently clarified and contained - even though NOT completely clarified b/c some of the story still does NOT quite add up). In that regard, I stick to my guns with my earlier prediction of more likely moving towards the $750-$850 direction - and I remain betting my fiat into BTC accordingly - though of course, I have NO real insider information besides what I read in various parts of the BTC community. |
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YOU seem to be getting distracted by style over substance... .MAYBE, it is just something that you feel comfortable? I would agree with any assertion that style can help to bring emphasis to the substance.. and accordingly, most of my style is on purpose in order to emphasize certain points. However, sometimes, postings may be typed quickly, and the style may be somewhat unintended.
Christopher Walken, it's great to have you on board with Bitcoin. What is the point about Walken? Can you explain? I looked up Walken, and surely I cannot figure out the reference. |
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I've seen many posts and threads about price speculations and hitting 5k per coin.
Now, to try and stay a little bit on-topic:
What are these speculations based on? Althought, I'd say hell yes to BTC being worth $5000,- per coin but I can't really see this happen.
And no, the reason why I can't see this happen is not about the drama caused by Gox.
Is anyone here able to clarify this?
IT is fairly easy to advance beyond $5000 per BTC.. based on market cap and based on BTC taking over some of the functionality of gold or any currency... for example gold has more than a 6.5 trillion dollar market cap and the dollar more than 15 trillion market cap... anyhow there are a lot of currencies that BTC could serve b/c there are 190 countries.. even the international transmittal system has a lot of potential for BTC to take on some of that value.. or the stock market.. etc etc.. ONCE BTC takes on some of this value, its market cap will increase from currently 7 billion to.... whatever amount... IN order to reach $5000 per BTC, the BTC market cap only need to rise to about 90Billion... which is NOT a very high target if it takes on some of these values. actually theres probably less then 1 million bitcoin for sale under $5k so it would need less then 10 billion I am NOT sure whether I understand your point completely... For example, we know that gold does NOT really circulate very much... but it fluctuates in price based on perceived value and also that it is considered to be a inflationary hedge and good storage of value.. If you are saying that the amount of BTC in circulation is going to affect how it is priced, I agree with your general sentiment, that the hoarding factor (I don't really like that word, hoarding) is going to cause BTC prices to go up additionally b/c it will cause a demand for BTC b/c of the shortage and b/c people are generally wanting to keep some of their assets in BTC.. For example, for the money transmittal feature of BTC or for various purchases that are being made with BTC, there will be a need for BTC to carry out the transmission of the money or for the purchase.. Let's say that there is a certain amount of BTC circulating 1 million.. as you stated, then those million BTC are used to conduct a multitude of transactions.. , but also people begin to believe that BTC is a valuable asset to hang on to. Accordingly, people may still spend quite a bit in BTC; however, those people will also have an incentive to replace their stored BTC as soon as possible b/c they understand that BTC holds its value well, relative to other assets. |
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IN my humble opinion... you are over calculating such biases in people... in some simplified version of the world... NO hating on you... ..
It is just that I see your view of human nature as WAY TOO simplified... People are much more informed in terms of their actions and reactions than you give them credit... and they gamble based on their information.. .which may be correct or incorrect... but it is NOT merely some wishful view of the world... as you make it out to be... ..
The reality is people far underestimate their own biases in their thinking. People may be informed, but how they use the information will be affected by their biases. We all filter information, and tend to dismiss or undervalue information that doesn't support our theories, and overvalue information that does. It's human nature. Surely, there is some truth in what you are saying... but personally, I am of the opinion that you give way too much weight within your characterization of what you are thinking motivates people... ... So maybe we disagree only regarding matter of degree rather than the fact that some of this dynamic exists... Also, I agree that some people may NOT recognize the extent to which they are biased in some regards - but generally people are a lot more aware than you appear to be giving credit... ...
IN my humble opinion... you are over calculating such biases in people... in some simplified version of the world... NO hating on you... ..
It is just that I see your view of human nature as WAY TOO simplified... People are much more informed in terms of their actions and reactions than you give them credit... and they gamble based on their information.. .which may be correct or incorrect... but it is NOT merely some wishful view of the world... as you make it out to be... ..
Your caps key keeps getting stuck, I think you should get it checked out. Oh and the full stop key as well. YOU seem to be getting distracted by style over substance... .MAYBE, it is just something that you feel comfortable? I would agree with any assertion that style can help to bring emphasis to the substance.. and accordingly, most of my style is on purpose in order to emphasize certain points. However, sometimes, postings may be typed quickly, and the style may be somewhat unintended. |
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