Since last year, China always had the largest volume by far. Your app ignores Huobi (had about 14000 BTC volume yesterday), OKCoin (26000 BTC), and other large Chinese exchanges. It is about as useful as a stock market survey site that ignores NYSE, NASDAQ and FTSE. Quoting Chinese exchanges in a volume comparison is meaningless, since 0 fee structure falsifies true volume. |
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Volatility has certainly come off but fail to see any near term triggers for sustainable upward momentum
$575-$675 for a long time, I reckon
Seeing near term triggers without insider knowledge is unusual, no? The announcement of the COIN etf would do it. The jersey fund run by Blythe masters ex (apparently aiming for 200,000,000$) starting next month could do it. The NY regs being pared back could do it. I agree things look near term flat or even bearish (buying run out of steam) but in such a thin market appearances can be very deceptive. Someone didn't want us moving up the last month yet! |
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Everyone predicts this bubble or major price increase but signs are just not there.
Most people missed all previous bubbles, too. You excluded, obviously!  |
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Right i am buying another chunk. If we go lower then ive got more  |
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The Chinese exchanges dump too, so it's not a local event.  Pitiful volume. 2500 coins to 645 >3000 coins to 600 on stamp. Wake me up when we breach 600. |
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Bears are idiots. It is clear we broke the downtrend - you cannot just redraw a a downtrend line to match today's price  Wow, you sir are the perfect example why old time bitcoiners donīt want to contribute to this forum anymore. <suspect analysis snipped> I personally would not spend 600 USD on a bitcoin.I believe that it is highly overvalued at this price and everyone paying this amount of money is out of his mind. I still have enough to make a good living, but I will rather sell some than buy... You could be right and the price may well move down from here. But there is a good probability you are wrong and it will move up instead, we will need you and other bears to frantically buy up coins as the price rises past 700. Incidentally old time bitcoiners are likely to be filthy rich and quite possibly have far more interesting things speculate in this forum! |
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Bids on Stamp look healthy. 700 BTC to 620$ ; 3000 BTC to 610$. Ready to lift off. We also have a very similar fractal compared with the 430$ breakout.
TO THE MOON
Is fonzie right?... I can't believe I am saying this  This user is currently ignored? Anyway troll quoting aside, the orderbook sounds bullish but are very easily changed by traders to encourage market movement in a particular direction and do not necessarily represent a true market picture. |
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This is a bitcoin speculation forum. Not a forum for the discussion of altcoins.
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There should be a new NXT which is initially distributed according to the bitcoin blockchain, as described by Peter R ( https://bitcointalk.org/index.php?topic=563972.0), rather than IPO. Assuming the blockchain bootstrap could be implemented, that would have all the great features of NXT while incorporating the entire bitcoin investor base. Whichever 2.0 coin does this is the one that will win. Interesting idea there. It may be that a usurper uses this route to dominance in later years. But lets be honest that isnt going to be popular with users of altcoins that have bought in specifically to acquire early adopter status in the nxt big thing. Anyway this is a bitcoin forum. Can we get back on topic please! |
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I guess that's good enough to call done. I think it's worth noting that everyone demanding a higher minimum wage should keep in mind it's very possible to have that being a net detriment (possibly a killer for large families) to the lower class working at those rates without first increasing the welfare net by a significant margin.
Again - not exact, just ballpark info (often with rules from other states!). Large families already on welfare are likely to be financially harmed or ruined in trying to move out of poverty and into the middle class -- small families will see greatly diminished returns for working longer hours (and possibly be financially harmed moving from poverty to middle-class) unless both parents are working for at LEAST ~$12.50 per hour already, full time (in which case, it's only a relatively slight diminishment). Once they're out of Medicaid/CHIP's umbrella, they're basically screwed unless they receive a dramatic increase in pay and work much longer hours. Individuals without dependents are most likely to survive a transition from minimum wage pay to a higher pay since they receive little in the way of welfare.
Very interesting. In the UK we have a similarly unfair system. An unemployed single mother with three kids would have to be earning 75000 dollars to maintain the lifestyle given out in benefits. Working couples with children are entitled to extra support (tax credits) which equalises pay to within a few thousand dollars regardless the hours worked. In essence you have to earn well over twice the median wage before you start to see any real improvement in net takehome after tax. And that's before you consider the hugely overpriced poor quality housing The west is now an awful Orwellian nightmare. Crony pseudo capitalism, total surveillance, socialist state  |
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Opinion: Bullish!
Mind-altering practices (such as meditation, chanting, speaking in tongues, denunciation sessions, and debilitating work routines) are used in excess and serve to suppress doubts about the group and its leader(s).
So pleased Dell joined the cult! |
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Ignore the price which is treading water. The fundamentals of bitcoin are improving. 1) Statutory regulation The US could have stamped bitcoin into the shadows but instead is choosing to foster and regulate it. The first reading of NY bit license requirements may seem heavy handed, but it is common practice to propose draconian regulations then pare them back after a consultation period (incorrectly interpreted as listening by the state or regulators!). Either way, regulation is a green light from the state allowing banks and well funded entities into the bitcoin space. Compared with no regulations it may seem like a backward step to seasoned libertarian bitcoiners - and there is no doubt it will squeeze out new players and startups - but statutory approval goes along way with the great unwashed who are extremely suspicious still of crypto currency thanks to the fear of change and the negative MSM portrayal over fiascos like Gox. Isle of man murmurings about becoming a financial cryptocurrency haven. Isle of Jersey tax sheltered fund starting up next month. Potential ETF allowing 'mom and pop' to participate in what they don't understand. Opinion: Bullish! 2) central bank interference and dirty tricks China, Russia, Thailand have changed their tune with regard to banning bitcoin every other week. The weekly negative 'announcements' by central banks around the world seem to have gone quiet. Softening their stance perhaps? Or simply muted impact on price therefore abandoned. The ECB is still trumpeting the dangers of bitcoin to all and sundry, now 'advising' banks not to hold or exchange bitcoin directly. Whether this was released by someone with a keen eye on the technicals of the bitcoin price (breakout close) or simply in response to the news a European bank was apparently bidding in the 30k US marshalls auction, I don't know. I do think the central banks know _exactly_ what bitcoin is and the threat it presents to their continued hegemony over financial services. It seems a bit easy at the moment and I still expect dirty tricks from them in the future. It must be positive that commercial banks are trying to buy up bitcoins off exchange. Opinion: Slightly bullish to neutral. 3) merchant adoption Overstock, tiger direct, DISH, newegg and now dell. Apple letting bitcoin apps onto the app store. Silicon valley love bitcoin. I think they _really_ love bitcoin. I expect the announcements to keep rolling in as entry for a merchant is very low and gains are obvious. Corporate america is adopting bitcoin and this can only have a very positive effect on the idea of bitcoin in the minds of the consumer. Companies such as newegg are advertising bitcoin and most companies are offering discounts over CC purchases. This will draw in new users. Oh and porn seems to be integrating bitcoin a bit more. Bitcoin utility is rising far faster than i had anticipated. Opinion and overall outlook: very bullish (spacesuit advised)! 4) user adoption and opinion So dell (56 billion dollar turnover) announce bitcoin integration. The comments under the yahoo story are still 'crazy' 'biggest exchange bust' 'ponzi' 'scam' etc. I am generally extremely sceptical of _who_ is making these overwhelmingly negative comments but if they are accurate then there is a long way to go in educating the public on the strengths and characteristics that make bitcoin such a better money than fiat currency. Google trends says we are still a way off from launching the next bubble. Number of bitcoin transactions (excluding popular addresses) seems in a gradual uptrend. Wallet growth - i had thought perhaps this was slowing down (post bubble price pullback) but a look at blockchain shows a strong uptrend (not far off 2 million wallets there alone). Let's not forget that what draws in the new userbase is when bitcoin is back in the press after blasting off to new highs again. I do wonder if the MSM message needs some work as I view bitcoin's killer app as the properties of the currency itself. This is a difficult area as the average member of the public doesn't understand inflation or even what fiat money is. But the public understood commodity money (pre 1971) once, I think joe public can find the deflationary nature, commodity like properties and mathematically fixed scarcity of bitcoin as attractive as every single person on this forum. Opinion: needs more work 5) VC funding These guys can afford to throw several darts and miss with most. But literally hundreds of millions of dollars are entering the bitcoin development space. It is looking like the early internet period or a technological gold rush. They sense this market could be HUGE. Opinion: bullish! Conclusion: So the despair on here that the price has not bubbled is misplaced. Bitcoin infrastructure and fundamentals are improving daily. The price can be manipulated easily and given the developments above it seems silly to think whales are not accumulating as much as they can prior to bitcoin going mainstream. I know I am accumulating bitcoins every month - in fact I am now pleased the PBOC stopped things dead in january. Price predictions are folly, but if i had to speculate I would predict some more range based trading until an unspecified trigger starts the next bubble after a headfake down. As the price moves past the ATH things will get volatile. The last bubble had extremely wide media coverage with vast numbers of doubting thomas's and observers who 'got' bitcoin but couldn't bring themselves to buy in. They slapped themselves on the back for making a good choice as bitcoin 'crashed' earlier this year. These people will be the next and biggest draft of new money will drive the next bubble. They may buy through an ETF. They may buy through coinbase and circle. NY regulations will allow banks to front run and magnify the move. Speculators will get rich and go broke. Holders will potentially become wealthy. Just don't ask me when! |
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Does igorr have any reasons why Bitcoin would collapse? Bitcoin is useful. Useful things don't collapse.
I think it was mainly because he was short. The usual reason for bleating from the bears on here. |
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Igorr are you ready to admit defeat, or are we still right on the verge?
Just watch and enjoy, game is over. Haha. I think you could become the new Proudhon. |
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i just sold all mine and reinvested in stamps Sold all and waiting for correction. Learning to hodl takes experience. Some of us have had to learn the hard way and have gained wisdom from the pain of waiting for "corrections" that never did come. But perhaps you will be lucky? Indeed good luck but Bitcoin is now a long-term investment, just be patient, my advice: if your balls and experience with speculation are sizable go to the Altcoins market $_$ just do not use mintpal, has been hacked Still waiting for correction. Will see who has the last laugh. Careful, corporate adoption will quickly lead to consumer legitimisation of btc. Reading the ignorant comments below any btc article shows there is a lot farther for bitcoin to travel |
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Igorr are you ready to admit defeat, or are we still right on the verge?
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What I don't get is this. If somebody either day trades or even, God forbid, moves in and out a few times they are castigated on here and told that the gods will skullf--- them by leading to them missing a thousand point jump -- thus, everybody hodls and this behavior is reinforced in the group through negative stimuli and punishing posts. BUT, then you complain about there being no volume. THEN, you wonder why amazing news leads to a five point turn. THEN, you wonder where the bubble is.
You know why there isn't a bubble? Hoarding! It is deflationary... but not only in the way you hope for it to be. So, you want a bubble... grow some balls, make some moves, and don't get irritated at the people making moves. Because you know what, we ought to be at 800 today... the Dell news is extremely positive news for broad scale adoption and news like this, in any other functioning market, projects towards who else would be adopting next. In a nutshell, don't give people grief for facilitating functioning markets. Play your hand, cut the group psychosis s--- because over the past few months it has cost us all a lot of money.
Perhaps that was aimed at me. No one is castigating day traders. But the bitcoin project is about more then a few % moves over 24 hours. Most of the 'traders' on here don't make any money, they lose it. Not sure what your point is, you seem to be annoyed that holders continue not to sell. How is that in anyway harmful? Daytraders provide volatility, zero sum noise, and not much more to the market. New money from holders and new bitcoin investors is the only thing which will drive the next bubble. The ground work is being laid right now. Who knows when it happens. I can't speak for anyone else on this thread than myself, but I am entirely indifferent to short term noise in the price, I only care about the trend. They can hold if they want... just the peer pressure aspect of it I find disconcerting. Also, it is a project towards disrupting fiat currency and thus to have applications in commerce. If it is to have applications in commerce that means it isn't hoarded (at least not totally) because then it never makes its way into commerce. Additionally, there exists a large contingent of hoarders who are expecting the price to rise exponentially and have no deeper affinity to the cause of bitcoin than a john has to a nightwalker -- they're just in it because they think they might get lucky to retire on it... and yet the price does not rise exponentially because there is no upward volatility on good news because these guys are stifling that very volume (almost an unwitting, even more than normal, tragedy of the commons type scenario). Anyhow, it is what it is... but I really wish people would at least think about the ramifications of the ideas they push a little more. Interesting points. If bitcoin were all of money then you are probably correct. But I view bitcoin as a digital gold, an (eventually) deflationary digital commodity money which will exist and complement fiat currency, not replace it. I forsee the gold market cap decreasing as bitcoin continues to rise. Continued merchant adoption is a no brainer for me. Barrier to entry is almost zero for a merchant and the gains are obvious and immediate. Yes bitcoin is decentralised, cryptographically secure, trustless, but what I think will draw in the common man is far more simple, its scarcity and deflationary characteristics. It is why you and I both hold and buy bitcoin, right? The world is full of lots more you and i's |
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What I don't get is this. If somebody either day trades or even, God forbid, moves in and out a few times they are castigated on here and told that the gods will skullf--- them by leading to them missing a thousand point jump -- thus, everybody hodls and this behavior is reinforced in the group through negative stimuli and punishing posts. BUT, then you complain about there being no volume. THEN, you wonder why amazing news leads to a five point turn. THEN, you wonder where the bubble is.
You know why there isn't a bubble? Hoarding! It is deflationary... but not only in the way you hope for it to be. So, you want a bubble... grow some balls, make some moves, and don't get irritated at the people making moves. Because you know what, we ought to be at 800 today... the Dell news is extremely positive news for broad scale adoption and news like this, in any other functioning market, projects towards who else would be adopting next. In a nutshell, don't give people grief for facilitating functioning markets. Play your hand, cut the group psychosis s--- because over the past few months it has cost us all a lot of money.
Perhaps that was aimed at me. No one is castigating day traders. But the bitcoin project is about more then a few % moves over 24 hours. Most of the 'traders' on here don't make any money, they lose it. Not sure what your point is, you seem to be annoyed that holders continue not to sell. How is that in anyway harmful? Daytraders provide volatility, zero sum noise, and not much more to the market. New money from holders and new bitcoin investors is the only thing which will drive the next bubble. The ground work is being laid right now. Who knows when it happens. I can't speak for anyone else on this thread than myself, but I am entirely indifferent to short term noise in the price, I only care about the trend. |
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Dell accepting Bitcoin is bad sign for the short term price
Biggest bullshit I've read in weeks. Think about it again and apologize for being an idiot.  Extremely short termist viewpoints might help daytrading gamblers, exactly the people who have ridden the bitcoin bull market since 2011 and are not wealthy, but to speculators in bitcoin the dell announcement us hugely significant. |
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If we kick off a rally today, I'm going to feel pretty smug with myself. I just opened one of my forecasting spreadsheets and noted that I'd arbitrarily picked today as the starting point for the next bull run. No I don't have any proof or logic, just me and my obsession with plotting things in spreadsheets.
Tomorrow What is the lag for the general public to get on board the train? They have to signup with a company like coinbase deposit funds. We may get a price which is more responsive to the news flow of major company adoption when wallet providers like circle come fully online. I think the latent accumulation phase is drawing to an end. Bitcoin utility as a currency is roaring upwards far faster than consumer adoption. The MSM will do their work explaining that bitcoin is commodity money and scarce and coupled with ETF the next 10x bubble should hopefully arrive before xmas |
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