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Temporary dips -- the news is all a bit bearish at the moment.
Big picture: medium-term, btc is undervalued. if you turn off your computer and sleep for a month, chances are you'll be up.
Or, you could sell... and spend sleepless nights trying (and probably failing) to call the bottom
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The price dropped to 97, then recovered to 102. Wouldn't that be a bull trap if the price continues to drop?
Is that really how you invest... on.... what? a 10 minute timescale?? You're gambling on random noise, man. On pretty much any sensible trading timescale: 24h, 48h, 1 week, 1 month, this is no-way-no-how a "bull trap". |
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Couldn't risk to stay without coins, went in at 101.
 still little bit short from where I've been today but it's better feeling, yeah  You bought into a bull trap. Bull traps are peaks, not troughs... |
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As you know, miners have paid enormous prices for ASICs (>$10K for Avalon, BFL doubled prices but still receiving many orders) in hope to make easy money. I think most of them probably not realized how FAST difficulty will go up! When this will happen, ASIC miners will see that they have no chance to even recoup initial investments with current BTC price (~$100) and won't sell mined coins in the loss waiting for a better price. If I am right, this could lead to Bitcoin supply drop and price hitting new heights, may be $500-$1000 at the end of this year.
The idea is sound, but I think the miners' behaviour will depend very much on market sentiment... which we're not having a great time predicting at the moment. My gut feeling is that mining supply is a very small part of the recent downward price movement. If you're significantly invested in the Bitcoin ecosystem, why dump coins for cheaper than people are demonstrably willing to pay for them? I think the dumps are more speculative... or manipulative. |
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So?
Deal that didn't go through isn't going through? "Credible silicon valley-backed " exchange sues for $75m because they can't get free customers? Fuck 'em. The price already fell. |
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It's going down. The long, slow slide has begun.  My body is ready, Mr. Nagle. Oh, stop it already... you are all very silly. |
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Is MtGox trolling us now, or is there really no volume?
Calm. Plenty of trades going through as far as I can see. |
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If coinlab really is that great, and people need their licenses, then just open it up already. They will succeed without MtGox's customers.
It doesn't make Mt Gox right for reneging on contracts (if that is what they did), but it's not worth whining over either.
If you can't stand on your own two feet, then fuck it...
Taking it to court isn't going to help anyone one iota.
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Oh look, the price has recovered... again.... after the "crash for no reason".
When will people learn?
If people are willing to pay a premium for their BTC, make them pay FFS. Stop giving them away for cheap!
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Looks like Jeff got a good deal too -- got plenty of media exposure out of it. TBH the bitcoin ATM website seemed to be more about him and his ventures than the ATM itself.
There were also several media articles where he was portrayed as the "founder" of Bitcoin ATM -- which clearly now is incorrect.
Anyway, the ATM is just a side-project. He is right that regulation presents an almost insurmountable obstacle. I don't see how this thing could ever end up in malls, etc. Perhaps it could be bought as an adjunct to a licensed exchange's business, for promotions or roadshows?
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I feel like it'll go down, but I still feel like it'll go sky rocket up.
Reason for down, at a 3 day chart it just keeps going lower...
Reason for up, how could it go any further down if it's getting more and more attention and with Silk Road back up.
"Reason for up" --> you gave a reason. "Reason for down" --> charts therefore down (i.e.: you didn't give a reason). |
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Agree, quite an irrational sell-off. Again.
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Thanks captain obvious. Nothing gets by you TA guys.
we don't have to be enemies... this is a community  i have nothing against you, fitty. Agree, things are really breaking down in here. |
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MtGox raided/shutdown by Friday... http://ireport.cnn.com/docs/DOC-966426...FUD story is being trolled about in btc-e and has already made it to the twitter churnalists. Don't normally see these get this amount of early traction. Hoping it won't go viral & affect the market.  Dude, don't help it go viral. It's fucking CNN iReport -- user-generated content. The only difference between that and YouTube is that some people actually watch YouTube. Nobody will fall for that shit, so don't worry. |
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What happened? (I didn't follow the price closely for years.)
__/ |
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Last time we had booorrrrriiiiiinnnnnggggggg topics? $47
There's a good omen for you superstitious types.
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I think we'll just trade in this narrow (for Bitcoin) band for a while.... you know, it is possible, we don't constantly have to be bouncing.
The way I see it, over the past nearly-two weeks the average support price has been increasing and quite robust. Looks like the oportunity for childish DDoS plays is decreasing.
I think this bodes very well for next week, after the holiday... Or who knows, perhaps bank holiday Monday could be a cracker.
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The forum looks much better afterwards, right? :-)
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