Could this be happening? Be interesting where the next week or two takes us for sure....  this chart has no resemblance with bitcoin's pricing pattern, wake up |
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I guess Avalon's chip sales may be good for the price, they put on sale 23 batches of 10.000 chips at 780 each - that means roughly 20K of coins that may have been bought in the last 24 hours only to buy those chips...
But now chips are out of stock
Cheap coins around the corner
And I'm keep saying that I'm very disturbed by seeing Proudhon in bullish mode - I really don't know how to take that sign.
EDIT: it seems that the chips are back on stock again.
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proudhon says now is the time to buy. he's been right before
Proudhon was saying that BTC was a bubble "just about to burst" at $20. Calling the top every week is very easy to be right. |
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Guys, please dont feed the troll.
In other news, getting past 80 will be a good indicator that we are back on track for the stratosphere.
+1, I think we could see a pass through $80 this week, with a lot of volatility up and down afterward, and then in the coming weeks some stability (as much as you can get in bitcoin anyway) around $100. I seriously doubt enough people will be attracted to bitcoin to sustain any kind of a rally, not to say anything of reaching new highs (or even $5, and certainly not $10 again), now that the project has been sufficiently humiliated. It's just not going to happen.
Quoted for the lulz |
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I'm very puzzled by the fact that Proudhon has now become a bull.
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Interesting double bottom looking situation with unprecedented volume. $50 is probably the bottom.
Well I actually believe you are absolutely right. To be honest, I never expected the price to bottom again this week, but now that we have a second bottom slightly below the previous one, there are very few people left who believe the price is still too high (as compared to those who hope the price will go down more so they can buy more). The thing is, all those sheep who are waiting at the sideline with their recently approved MtGox accounts can use this opportunity to ride the next big wave, which will hopefully bring us to $1000 in a few months. It's all a matter of confidence, the fundamental factors have been in place for a long time. +1 Proudhon, please be frank: are you trolling? |
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Just to see the sentiment on this forum.
No. My sentiment ( I have no actual knowledge) is that we will see oscillations b/w 50 and 70 until 50 gives way and we see 29 briefly again. Then some stability into the mid 30's. Then, another bubble! Weeeee! Ride the bitcoin ride! That's pretty reasonable, I'm sure a lot of people here would agree with you. |
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Interesting double bottom looking situation with unprecedented volume. $50 is probably the bottom.
Wow, I'm bearish than Proudhon. I'd bet the bottom is between $30 and $40. In mid-term I think we will stabilize above $60, due to current difficulty growth projections I don't think miners will be happy to sell their bitcoins any lower than that, they still need to cover electricity costs. |
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I just cannot understand that. Fundamentals are stronger than ever and everyday new businesses accept Bitcoins.
Because buying 1.000 coins at $8 and selling them at $60 it's still a nice profit a lot of people can use. |
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... I bought the coins down on their way between $100 and $90, just to see how my $70k investment melted away in half over night  ... Volatility does suck. Well, it is (and it was) quite clear that we have not seen the bottom yet. |
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Ya no quedan chips. ¿Meltron, realmente ves factible poder fabricar unos PCB si hacen pública toda la información?
A ver chavales, si vais a hacer vosotros otro proyecto abriros vuestro propio hilo, en este se pretendía fabricar un avalon completo pero parece que salen gente por todas partes comprando chips conjuntamente y haciendo de "asesores" cuando nadie lo ha pedido. Meltron para asesorar en como fabricar un PCB ya estoy escribiendo yo este hilo, no haces falta, gracias. Vuelven a estar en stock  |
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La gente no está loca; la gente usa los equipos que ya adquirió para minar lo que aún puede ser rentable minar.
Y a pesar de eso, ¿sube el precio? ¿Cómo se mantiene una asimetría de 5 BTC a través de litecoins por cada BTC minado directamente? Entiendo a los mineros que se pasan a LTC para venderlos por BTC, al que no entiendo es al que los compra. El mercado de los altcoins son los bitcoineros mismos. El que tiene por ejemplo 700 bitcoins que ya les gano el 200 o 300% de dinero, ve que empiezan a salir monedas alternativas y ve que existe la posibilidad de que una de esas compita o desbanque al bitcoin, no le pesaria nada gastarse unos 10 bitcoins comprando monedas alt para diversificar y asegurar seguir en la jugada aunque en un futuro una de esas gane mas popularidad. Ademas otros las compran exactamente por lo q dices que nadie deveria comprarlas, estan baratas y no sirven para nada, pero asi estaba el bitcoin antes, entonces las compran pensando que en un futuro van a subir parecido al bitcoin. Ademas fijate con un bitcoin compras nosecuantos ppcoins, trcoins, y tambien litecoins.. todos los que tienen grandes cantidades de bitcoins es un porcentaje minimo que no les afecta comprar alt coins, si fuera el caso yo tambien lo haria, pero ya minie algunos. No es difícil de entender, el 1 de Marzo el Litecoin estaba a 0.002BTC, el 1 de Abril llegó a estar a 0.045BTC, lo que significa que 10BTC invertidos en LTC el 1 de Marzo, se han convertido en 225BTC en tan solo un mes. Es un mercado muy pequeño, volátil y fácilmente manipulable, por lo que los especuladores pueden jugar al "pump&dump" con números irrisorios cuando se comparan con los estándares del mundo de las finanzas, consiguiendo beneficios inauditos e imposibles de obtener tradeando divisas convencionales. Si te dedicas al daytrading no cabe duda de que la forma de maximizar tus retornos es diversificar también con otras criptomonedas. Por último, es obvio que 0.002 el LTC estaba muy infravalorado, sobre todo cuando era y es evidente que los mineros GPUs van a migrar en masa a una moneda que al final es igual que el BTC, con la diferencia de que las confirmaciones son más rápidas y el total de moneda existente 4 veces mayor. No olvidéis tampoco que una de las soluciones más inmediatas a los problemas de escalabilidad del BTC son los forks como el LTC, a los que seguro que acabarán migrando sitios como Satoshidice cuando los fees para emitir microtransacciones de BTC las conviertan en inviables. No olvidéis que Satoshi Nakamoto pensó en el BTC principalmente como refugio de valor y no como sistema ultrarrápido para microtransacciones anónimas, y este último uso también está muy solicitado precisamente por todos los sitios que explotan que el gambling es ilegal en sitios como Estados Unidos... Así que los altcoins tienen futuro, cada uno para su uso: no tengo duda de ello. |
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Is it possible for this exploit, or a similar one, to work on Mac OS X?
Yes. |
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Gotta admit, pretty smart - Didn't see that coming, did we?
If you're a central bank, or a government feeling threatened by the rise of a paradigm such as bitcoin, how do you kill it?
Make it illegal? Make it difficult to use? Ostracize the theory's proponents?
Or just simply remove the underlying utility of the invention in question - in this case, bitcoin's use as either a transactional currency, or a useful store of value.
Other than the speculators, who in their right mind would store their worth in something that has no steady, definite value?
Forget the people hurrying to buy bitcoin today (because tomorrow it'll be 25% more!) - Who would dare use bitcoin to purchase a good or service from someone in another country, or at a retail counter?
If you're a central bank, or a government, with massive resources at your disposal, you don't care if you make a few people wealthy in the beginning (or destroy a few fortunes in the end) you've accomplished what you set out to do: "Bitcoin? That was a crazy ride. Who'd ever trust that thing again?"
It's a shame, really - there was so much potential, and yet it's proven so easy to destroy.
The destruction was just not conducted the way that any of us thought it would be done.
That's obviously the weakest point of BTC. The FED can definitely perform such an attack. I'm sure (and I always was) that this is the real threat. If they want to fuck BTC, they will exploit its high sensitivity to speculation. |
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A real weakness of BTC is that it can be pumped and dumped easily by a powerful enemy: the FED. They may not be able to destroy or effectively attack the p2p network, but being the true owners of fiat money they can ruin millions of people pumping and dumping BTC.
I think that's the weakest point of BTC (which is connected to one of his strength, limited supply commodity-like), and that a future attack on it will have that form and not some science-fiction quantum computer attack.
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It can go to 5$, I'm not moving my BTC to fiat. I want to generate more bitcoins for future by trading, don't care about my initial investment and value of my coins at this time. It's a money I've said goodbye at moment I invested it and all I want from it is more bitcoins - my time at right price will come  You are a smart man, and you are the future of bitcoin, not the speculators. And btw: I'm quite sure that the weakest point of BTC is its vulnerability to speculation. Sure, FBIA cannot effectively attack the p2p network or wipe out the technology, but the FED can pump and dump and pump and dump and pump and dump... effectively ruining the lives of a lot of people. And there goes your store of value. |
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Hey guys, stop dreaming, there won't be a stable price on the other exchanges until Gox comes back: price will keep going down until trade is reopened at Gox because it's very difficult to quickly pour in significant amounts of fiat in an exchange, and most of fiat sits at Gox, while its very easy to move coins from Gox to other exchanges.
I'd say that we will se $40/$45 before Gox opens.
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I didn't sell at $260 because it is impossible to call a top. Anyone who sold at around $260 is purely lucky, not skillful.
Well, I take that back, if you are the market maker or a big fish, you can MAKE a top by dumping huge volume. But that is not me.
Trading is about probabilities, not certainties.
In my opinion the probability of a large correction was very high.
Anyways now you can all see why you need shorts to stabilize any market, there is now a vacuum on the way down (just like there was a vacuum on the way up).
Yes it was, this being a huge speculative bubble that NEEDED to burst was clear as the sun. It needs to correct HARD. No drama, cheaper coins for everybody, and a lot of work to do to build a strong economy based on solid ground and not only speculation. Because Bitcoin IS and it WILL ALWAYS BE very sensitive to speculation due its own nature. But the bigger is the REAL economy behind it, the most difficult it will be for speculation to pump and pump the market. |
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when they will resume trading site soon will lag due to cumulated traffic and go offline.
what about the price? seems you forgot btc price is mostly base on speculation that more and more people will want them. when price for growing like crazy indeed many wanted to go in, but not anymore. media will soon publish stories about people who lost money on it. no new people will come, and old people won't want to hold their coins or buy more when they will be losing value every day. big crash in inevitable.
Quite a good description of the long bear market we had in 2011. |
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