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Good morning Bitcoinland.
I see that yesterday's little post-Grexit panic dump is a thing of the past and we're back to the slow steady grind upward.
Pretty much sideways in the $290s but with the lean in the right direction.
Let's see if the price rises when the banks open in Greece. Obviously the Greeks have all kinds of motivation to get their money out of the banks and into Bitcoin but can't do it with their funds frozen.
As for those in other countries with shaky economies who fueled this recent rally there is no reason for them to stop protecting their wealth by getting it out of the banks.
Interesting times indeed.
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Where I live, you're lucky to get a beer for $4.
Consider that a cheap lesson: don't buy when the price is rising, buy when it dips and sell when it rises or hold until it rises more.
If you don't understand what you're buying, don't buy at all. Do your research.
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aaaand more abusive bullshit
coinbase goes down , price up $6 , back up , right back down immediately
it's almost as though all of the exchanges act in clandestine collusion to take turns screwing their customers as severely as possible
nothing but fuck you pumps and fuck you dumps bulltrap beartrap bulltrap beartrap why the hell can't we act like *every other* traded commodity and currency on the planet
is it really too much to ask that we have honest markets and manipulators not raping the market ? i guess that is a lot to ask
ps can we just go ahead and ban NLC's IP address ? that would be a lot easier than deleting their daily puke and banning each new account for the 5000th time at least make them leave their basement and find a starbucks wifi to continue their incessant harassment of this forum (then keep banning those until they literally have to commute to keep trolling)
Shroomskit is that you? Of course there will be manipulation, especially in as small a market as Bitcoin, but the market is almost always right so deal with it. As for IP address banning NLC, forget it. There are too many ways around that sort of thing. |
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Just looking at the Finex charts or the last 5 days.
The 1 hour candle for the push from the $270s to the $290s on Friday and the 1 hour candle for the fall from the $300s to the $280s today are remarkably similar in volume.
They're like bookends on the weekend rally and correction.
Net result: another $15 leg up. This is good. Slow and steady wins the race.
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Another extra-early, farmers' hours good morning Bitcoinland.
Got up to answer the call of nature, gassed up the generator in anticipation of a Monday morning dip and see it already happened.
You're off the grid? Yeah. I'm lucky to even have mobile internet access. Didn't always. I used to have to climb a hill to make a cellphone call, depending on the weather. My faithful Honda EU2000i is my precious link to civilization. Burns about a gallon a day with average use. It's not so good for access to the cash purchase of bitcoins, but great for the mental health. I listen to a waterfall while I'm sleeping. Compared to where I live in downtown Toronto, the air quality is amazing and the deep-drilled well water is like nectar, even if the minerals scale up the coffee maker much faster than in the city. I consider myself to have dual citizenship: city bumpkin and country slicker. |
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Another extra-early, farmers' hours good morning Bitcoinland. Got up to answer the call of nature, gassed up the generator in anticipation of a Monday morning dip and see it already happened. Go figure. First buyable dip in a month and a half and I'm stuck out in a cabin in the middle of the bush and cant take advantage of the buying opportunity. It crashed all the way down to where we were the day before yesterday. It must be the end of Bitcoin. Double digits soon.  Now I've got a quandary: kill the generator and go back to bed, or grind some beans? At this point I think the beans are winning. Mmmm, coffee. |
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but he did in fact agree that future is for "Digital currency and payments are the future" Like Denmark is doing now. but that currency is backed by the government etc etc...
You still just don't seem to understand. It's not about "digital currency and payments". It's about decentralization and immunity to outside meddling or control. |
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...money has to go into the system to give bitcoin a value...
"The system"? It seems you're missing the point of Bitcoin. It's not about USD, EUR. CNY or any other currency. It's also not about the existing banking system. It's about a decentralized wealth transfer system immune to outside control and/or meddling by governments or other entities. When someone paid 10k bitcoins for 2 pizzas he gave Bitcoin value beyond fiat currencies or the existing monetary system. He made a point of saying that he didn't mind if the pizzas were homemade and listed ingredients he liked and didn't like. The fact that the person acquiring the bitcoins used a credit card to pay for delivery of the pizzas is beside the point. Barter is barter. Instead of pizzas and bitcoins it could have been alpaca socks or liters of maple syrup. What caught my attention in the video was the shill-like anti-Bitcoin stance displayed by the commentator. It seemed typical of many in the financial community. Of course bankers and others in financial service industries (including their media) are uncomfortable with Bitcoin. Some governments are as well, obviously, because of taxation issues. Smarter governments realize that the open nature of the blockchain is actually a boon to tracing the movement of wealth. Here in Canada, income paid in barter is taxable, and Bitcoin is treated like any other commodity, be it chickens or barrels of crude. |
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Just think about that for a moment..  Then rush to your local BTC ATM..  Nonsense. That's like saying owning thousands or billions of dollars is unheard of. Lots of people do. I have absolutely no intention of spending all my bitcoins by 2020. Hopefully by then I'll be spending thousands of satoshis and not whole or large fractions of coins. |
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Am I the only one here who thinks the guy in the video sounds like a carnival barker? The word "shill" comes to mind. He also speaks of regulation as if it were a good thing and ignores the decentralized ability of Bitcoin to resist control. Did he really refer to the Winklevoss brothers as "kids"? LOL What a joke. |
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those who bought @<$1 have 0 regrets, hope you're one of them (I'm not, 7 to 80 range).
Actually, I'm a latecomer. I bought in originally at $68. Last paid $220 (June 1,2015). I still have 0 regrets. |
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Is this gentlemen?
Hopefully. |
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Bear trolls are mysteriously absent right now, over optimistic bulls in full swing. Makes me think a drop is coming. Not double digits, but probably below 300. Smeagle over here is still hodling though  We need a drop I think to clear after that 320 with volume.. After the little $12 rally up to $316, it dropped $6. Was that it? |
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Fundamentals say: Buy
Indicators say: Sell
Don't know which one i should pick right now
Buy before accumulating moar coins becomes an expense that most can't afford. Nobody wants to look back & regret not buying at 300 when the price is 1000 + About the only thing sadder is looking back at buying @1200 when the price is $300  Except that when the price went from $1200 to below $200, anyone with a brain knew it would go back up. Those of us who regret not buying for under a dollar have no such hopes. |
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quack
Aren't you that guy who sold his coins for $10? Ouch. The truth hurts. |
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I was promised $30k coins, looks like were both had. Owell, such is Bitcoin  Given time, $30k is much more likely than double digits. |
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Wonderful to be on holiday with bitcoin entering orbit.. I hope this run has a bit more steam. Raising my glass to the bitcoin bulls who held strong and bought through the dark times  Haven't sold a coin in over 2 years. Bought the dips all the way down and back up again, with my biggest purchase mid-January. Waiting for a buyable dip since June 1 and still waiting. Never once lost faith or ever doubted that Bitcoin would soar again, but I'm still waiting for $700 before getting too excited. We bulls and "Bitcoin cultists" took a lot of flak along the way but it must be clear to even the thickest-headed beartards that their precious little bear run is over. Vindication is sweet. Cheers bro and enjoy your vacation. |
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Well good morning Bitcoinland. Are we at double digits yet? Actually I've been awake for a bit already. Woke up to use the plumbing, fully expecting to go back to bed, but when I checked the prices, I couldn't get back to sleep. Seems we're holding on to last night's gains and threatening to rise even more. Hopefully this rally isn't happening too fast. Slow and steady is better. It's nice to see Cavirtex closing in on $400 though. The coins I bought in January have almost doubled in value. Even the last coins I bought (on June 1) are up by almost a half. This morning instead of putting on the coffee pot, I think I'll have to nuke some popcorn. |
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