Fuck's sake. I go abroad for a couple days and China decides to trigger the apocalypse.
And I have no access to my stash so I can't even trade this.
Bitstamp better not break $500 or we're gonna have Risto all up in our faces acting like this announcement was foreseeable.
Dammit, it's looking more and more likely too It may bounce off $266 and end up at $600 or so. bulls cannot disguise...
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Fuck's sake. I go abroad for a couple days and China decides to trigger the apocalypse.
And I have no access to my stash so I can't even trade this.
Bitstamp better not break $500 or we're gonna have Risto all up in our faces acting like this announcement was foreseeable.
yeah, his math calculations saw it. well. admit it. he was right.
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I can't believe I'm saying this, but in light of this news, I'd say $300 isn't unreasonable. It'll take awhile for the exchanges to flush out all the panic sellers. This could last a few days.
a few days eh? chinese have to get their money out by jan 30th deadline. so, I would bet on more like 6 weeks of bitcoin torture? not saying it has to crash every day, but I would expect downward pressure for 6 weeks. Also it takes a while to arb the exchange rates between exchanges, so the downward pressure will be moved to gox and btc from the chinese exchanges only after days of being at lower prices (like they currently are now). well, china can´t go down 6 more weeks with this pace. chart cannot turn negative... yep. 300 is the bottom
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This has nothing to do with a bubble. The Chinese government is simply shutting down Bitcoin for all intents and purposes. Calling this a bubble would be like saying Silk Road was a bubble or Liberty Reserve was a bubble. They're things that once had value and no longer have value due to gov't intervention.
This year was a huge bubble... There was no correlation between price and increase in transactions. It was pure speculation. If you don't see that, stop trading Buy and holders (bought @ 10-15$) will be ok, but buyers @ above 1000$ will get punched in the face. you are right, they will be punched. but they just have to wait for the next climb. april 260 buyers were laughed at during the summer. they didn´t look to bad in november. actually they still look ok. wouldn´t we like to buy back at 260 now
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we all knew november couldn´t last forever. the epic rise was to be followed by an epic crash. only this correction wasn´t really THAT epic at all (so far?).
if this is all, bitcoin is made of steel.
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Those of us who have only recently joined this particular MMO would very much appreciate a crash an order of magnitude greater than so far made available so we can dollar cost average in. I have a stack of fiat ready to buy but my personal trading rules prevent me from buying any more until the price drops further. So I sit and do nothing. Which is boring. go all in with a market order. i bet boredom will vanish in a second. edit: you are doing it right
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I would really like to see a day with like 500,000 volume on mtgox to give me confidence that a bottom is in. I've been watching all the exchanges and all of the action has been weaksauce - no evidence of any kind real capitulation , plus they're still following BT China which is a sinking ship.
Maybe there won't be any real capitulation. Yes we are unhappy and scared about China, but is bitcoin dead? Has development stopped? Are financial circles calling bitcoin the investment of 2014? It sucks, but this is more like uncertainty because we don't know what China is up to, not because bitcoin is dead. The Chinese are probably rapidly trying to decide what to do with their bitcoin, but do they believe it's dead? It doesn't seem like it. They got into it because it was a world wide thing and the early adopters there see it's long term potential. We always knew they would need to be galvanised by fire with some mega crash. We had it: twice in 2011 and last April. We always came back stronger, faster and faster. In 2011 we sold till the bottom. In April we sold to ~$50 with reports of Bitcoins death from left and right. Now we have fallen by what- 50%? 2011 was from $32 to pennies. April was ~260 to ~50. So far it's been ~$1200 to ~550? We are crashing less and less severe. And bitcoin is only getting more press, more coverage. In some ways it took China making a stance on bitcoin for other governments to make a stance. Sure it's not exactly what we wanted, but we've gotten something priceless instead: the worlds attention. agree 100 %
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wow someone just bought 500 coins on stamp
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Eine Technologie die sich durchsetzen soll muss für den Nutzer simpel, simpel und nochmals simpel sein. Und nicht das simpel, das wir meinen, wenn einer mit Armory einen Paper-Wallet mit einer von USB gebooteten Ubuntu-Version erstellt . Alles was denn Coin schwierig macht, muss unter die Haube. Da sind noch einige Schritte zu tun. + 1 und deswegen gab es auch keine massen adaption bisher, und deswegen sind wir early adopters, und deswegen sind 1000 dollar noch garnichts...
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If it's going to be 2011, you are literally going to forget all about Bitcoin in about 4 months, leaving any remaining BTC in the dust and forgetting to check regularly on the final capitulation dump which will be the excellent moment to get back in big time.
As long as you still check this forum daily, it's nothing like 2011.
Frankly, if someone reminded me to get back in at @1.98 in 2011, I don't know whether I would have put in extra funds at the time.
For the reason stated above, I very much doubt that we will have a 2011 fall back. I rather see increased competition with altcoins and other crypto initiatives (Ripple, JPM's ideas, etc).
i agree. in 2011 it was so hard to get any info about btc. after bubble and when gox got hacked i thought it was a scam and the 100 coins i bought i just forgot about it, didn´t know this forum back then. the worst that can happen is another april13 - half a year of searching bottom. (actually that summer was just an epic bear trap ) it will get more ugly than right now. but not for long. maybe we "need" another bitcoin´s dead period...
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wie blöde sind die denn ? money transmitter ? jemand der btc gegen btc verkauft ?
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What about a sold-ticket-counter in the OP and on the website?
that is a great idea ! as soon as we gain some traction we can do this. currently... um... i ask cheech300 and bulleric what they think about it.
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just bought a ticket.
like a pro !
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How long do we have to pay for the party? stefan
well, the more people get their share early the better we can organize. a crowd-funded party needs a crowd that funds. if the crowd waits and sees then there might be the impression party isn´t gaining traction. right now you can get your ticket and put up a limit order on an exchange for one btc at $ 500. chances are good you get your ticket for half price.
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Wenn diese Strategie aufgeht und der Markt sich stabilisieren sollte, werden sich einige stark verspekuliert haben, da sie von einer nicht mehr gültigen Grundlinie ausgegangen sind. Also wenn die wirklich wollen, fallen wir locker auch auf die alte Grundlinie (300$) Naja ist mir Wurst, ich investier nurnoch in Miner statt direkt BTC wir könnten uns vorstellen uns von dem einen oder anderen neptun zu trennen. first batch.
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RED CANDLES MADE IN CHINA
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Ich kann leider erst aussteigen (BTC Verkauf) bei über 1000 USD hoffe die sehen wir wieder
na klar, aber dann aussteigen ? also halbwegs auf dem weg richtung 2000... ?
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Hat jemand von Euch Erfahrungen mit Käufern die nicht bezahlen bei bitcoin.de? Ich habe gestern bei 560 einiges verkauft. Dann aber bei der Ecke 500 quasi wieder eingekauft. Nun springen wieder Reihenweise die Käufer ab. Kein Geld trotz "Zahlung angewiesen", Stornos oder auch einfach den Trade automatisch abbrechen lassen. Ich habe also gestern fast nur investiert und nichts verkauft. Muss ich das nun einfach wieder so hinnehmen und mich wieder mal über bitcoin.de ärgern oder wie macht ihr das?
meiner erfahrung nach taugt bitcoin.de nix in wilden zeiten wie diesen. die leute sind einfach zu schnell davon hingerissen einen trade platzen zu lassen, wenn die differenz zwischen trade und aktuellem kurs zu gross wird. bitcoin.de ist gut in ruhigen zeiten. bei crashes, etc kann man das vergessen.
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Wenn es so weiter geht wie gestern werden wir nicht viel niedrigere Zahlen sehen.
Es wurde beschlossen den Kurs nicht unter 700,00$ (Gox), 600,00$ (Stamp) fallen zu lassen.
confirmed.
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