Great job selling it!. Jan and Feb we are going to see 50% increases to hashing difficulty when the big boys 1200 GH/s and 2000 GH/s miners start getting plugged in.
Yeah that's IF they ship ontime, which no company has been able to reliably do. KNC with the best credentials for creating FPGA/ASIC system on chip solutions still had setbacks for 7-10 days. |
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What are you suffering from?
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I believe closing MtGox would crash the market for only for like 1 day... The real crash is when government announce that Bitcoin is illegal...
And how would they enforce this? The whole point of bitcoin is anonymity and protection of identification through addresses. Why do you think it took them so long to find the owner of silk road? And yeah silk road 2.0 is up now allegedly run by the same guy. So good luck government banning bitcoin it would affect the price, but also bitcoin is a global currency. One government outlawing it wouldn't crash the price imo. |
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US banks are closed Monday, might have to wait till Tuesday to see what happens.
Except for the most part we're waiting for China, not the US. It seems like USD is draining out of BTC, while Yuan is filling in. ^^ Exactly, China is leading the race, therefore what they do Monday foretales the week drastically. Even a small few hundred yuan selloff on Monday could catapult fear into the market for a full weeks downtrend, and vise versa. |
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Let's hope this graph turns out to be actually a real one years later.  A $ was in cents in 1950s. Yeah but the dollar sucks and bitcoin doesn't. This is why bitcoin has the capability to have a higher market capitalization than dollars. |
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Another spike up in price tomorrow? Seems like the flash crash this weekend only succeeded in stabilizing the price at $300-320.
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Anyone know how legit they are about making their delivery by February? It sounds like a difficult job seeing as its only 3 months from now.
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I'm a buyer now below $250 and definitely below $200, although I feel like many people feel this way which is why the price is solidifying in the $300 range.
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Scenario: $2000 available in cash as of 11/09/13. Given the interesting past few weeks. What do you do?
deposit to the closest exchange. once clears, press buy. would yield about 7BTC. move to offline storage to keep away from clicky fingers (or grow balls to keep your 7BTC even if price drops to $100). forget about this until you have more money or the price moves 50% in either direction (buy if goes down, sell if goes up and you need money). Other option is to buy more at $100 after already buying here, my buy point right now is < $300 although pretty heavily into bitcoin as opposed to fiat right now. |
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The volume has fallen 25% in one day and yet some of you believe this bubble isn't about to collapse?
Fear doesn't always equal collapse. I don't really consider weekend trading to be relevant because the real trends take place during the week. Monday will tell the tale of the bubble. |
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I would:
A) buy bitcoin
b) find more cash to buy bitcoin
Not necessarily, Monday will tell the true tale of the rise and fall of bitcoin. If Monday bitcoin rises, buy, because it will most likely continue to rise throughout the week as it did last week. IMO we were overdue for a correction so I think where we are is fine and solidifies the bitcoin price around $300 |
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took 60,000 btc on gox to drive up price from 300 to 400ish
took 15,000 btc to knock it down to 300 ish
... it's going up.
Considering people can't remove money from gox, it seriously has only one way to go. Back up... |
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What crash ? Just another bear trap is in progress  Feed your bull with fresh cheap bear meat and just wait till all the Chinese wake up. We are heading $400 milestone. the fearless china men will wake up see it at @ 2200 cny, insta deposit a few million. Then Sunday night/ early morning, the world wakes up... new week, new day, new journey... Yes we know this will happen, but at nights serious sells are taking place causing gen public to run in fear. $400 a btc will be hard to get to if this continues. |
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Bitstamp.net for amounts below $1000
Btc-e.com for anything above $1000
Explain why this is true, I think I'm missing something. |
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Too early for a true correction imo. We'll probably stick around these prices til Monday when markets truly open again. It's anyone's guess where its going but I'm still holding my bitcoins for now and I'm still expecting price to rise for atleast the next few weeks.
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1. people know about it but don't actually know what is. They do know it's been rising lately but assume it's another bubble. When finally they convince themselves to invest in it, they start looking for information but end up giving up on it as the treshhold to get some btc is too big. By this I mean it's too difficult for the common civilian to acquire a bitcoin.
Bitcoin is currently a bubble. The price is 5 times higher than a few weeks ago but it is not more useful than then .... Yes, you're correct but that doesn't mean that it's not undervalued as well. For all we know the true price of btc could lie in the 10k-100k range, we'll never know until it rises to that point. |
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Currently I think we're experiencing bad luck. Eligius has only found 6 blocks last 24h and should find atleast 20 regularly. Ghash.io and btcguild.com are also short on what they should be mining on a daily basis.
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I'd have to agree with most of the article however he uses 14 days for difficulty changes, when in reality when difficulty is skyrocketing its much less like 10-12 days. This will definitely throw of the amount of btc production of the miners throughout the lifetime.
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Sheesh, are we still below 400? *yawn*
Maybe it's because it's bedtime in China, things might pick up again tomorrow. Today hasn't been a typical weekend dip at all Most things going on between 10p EST and 6a EST. A dip could happen, but again all exchanges are following China atm, so it's more of wait and see. |
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Currently delayed most likely delivering in early December. This is, however, subject to change as they have already had a significant amount of delays could be early January.
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