BTC38 is now a null and void motivator given Chinas volume is now next to nothing. Horrible timing. If btc38 didn't delay it might've taken off.

Keiser... Mmm. I don't know that he will promote but we shall see

I think we will see a steady climb back to 900 once the dust has settled, followed by a several week long bear market.

Then were back in rally territory. Wall street money this time!

Haha you say $30 to $2 is like 1000 to 66.. But you fail to realise 1 to 30 is like 100 to 3000. The higher it climbs the harder it falls, not taking into account btc is much more than it was then too. The same with the calculations basing this crash off Aprils. Yes it fell 70% but it gained much more than this rally then too.

I'm still seeing 550 as the low. We may hit it again, and in the coming weeks and months we will see a rally again towards 3-4000.

Wow, ok. I'll halt all progress...

a) This would be, for now, direct conversion to fiat and under our current tax law (not in U.S) would be classed as income tax,  the same as cash, card, or anything else.

b) Our laws aren't the same as yours

Price predictions often run in line with what people want the coin to go to, not what it will go to...

$10,000 in Q1? You're running solely on hope. In 2014? Highly unlikely, but maybe. I'm thinking $4-5000 top in '14.

$10,000 and beyond is 2015 territory

Well today was a success. We pitched it to a local business owner. He was initially skeptical but we overcame his objections (standard "but it's not backed by anything" etc etc) and he's looking at implementing into his store ASAP. He is on the Financial Advisory Board for the chain of the franchise he owns and he says he has a lot of weight in there (his words were "Golden Child") as his store is one of the most successful.

Optimally it will be implemented on a nationwide chain of around 160 stores. We just have to look into the exact methodology of how is to implement it as seamlessly as possible into the business and go from there.

If anyone has any suggestions of merchant options for BTC in Australia, I'd love to know!!! Initially I think he would like to just convert it straight to fiat (AUD). I have looked into CoinJar, does anyone know of others?

If we see success here, I will take it to some larger chains, particularly in the tech retail sector where I work as I can see it gaining traction there, particularly after Bitcoin Black Friday's success.

Thanks again guys

Thanks for your advice guys, much appreciated, especially brooklynbtc for providing those numbers and real world application. I think that will be most effective.

We have a few merchant services in AU similar to bitpay that I think will be simple to set up for merchants. Just need to explore the difference in fees, I think this is the key point to drive home to open eyes to the idea.

We have a few meetings set up with business owners soon, I'll post how it goes

Also were thinking of doing a YT channel on chart movements, news and other coin related stuff too, if anyone is interested

Truth. My friend and I have a running joke during any correction and panic selling of "Oh damn, the price hasn't been this low in... two weeks!". You only have to look at BTC's past to know that this is how it simply grows. It is so great to understand this and profit off it

Since my friend has quit his job due to making money trading coins, he/we have some spare time freed up. Even though we have both made a good amount trading so far we are both long term believers of the concept as a revolution on several different levels.

I want to go around to local businesses (hopefully more in the future) promote the benefits of BTC (need I say we were both salesmen?) to the local community in an understandable, relatable way to do our part in informing those who do not know yet.

We've already told a lot of people about the speculative nature but I was wondering if some of the more knowledgeable could help by outlining the benefits of using btc as a payment platform or in business use.

The main benefits I know in that aspect are less fees and  no chargebacks.. But how much in fees? This is in Australia, if that's much different. What else can BTC provide a small/medium business owner? I know a few alternative bars and shops that would get on board mostly just for the "gimmick" and alt nature of cryptos. But what of the real benefits?

If you also look at the charts, the *exact* same comparison can be made to the April 2013 bubble. And what happened then? What? It's gone up another 400% from the previous all time high? Hmmm. We should be ok.

It also had the initial peak ($1 -> $30 -> $2.50) in June 2011 and then a big peak two years later at $266. There is much more momentum now though.



TL;DR Welcome to cryptocurrencies, this is what they do.

Yeah expect a big boom after the weekend.. I mean low increases over a weekend is to be expected as bitchickshusband pointed out.

Also underestimated how much cap all the alts have stolen from BTC! Its insane. Even junkcoin went 3000% in 24hrs...

Just watch Quark especially after China starts trading it. I'm thinking $1 before 2014

QRK without a doubt. As soon as Chinese exchanges get a hold of it its going to go ballistic

Even if it were the case, difficulty is very predictable. So you can use it to great success so if you know the difficulty is going up price is going with it

Gentlemen (and ladies). The main reason, other than booming demand and popularity (as we are all *well* aware of   ), that I suspect the price will increase as I have outlined is mainly based on the speculation of a correlation between price and mining difficulty.

I have seen this correlation made before on the forums, but if you look at all three of the major rallies/peaks and subsequent crashes over the past month, they line up nigh on exactly with the difficulty increase, and there is also a relationship between the reduction in the mining network total hashrate and the 900-500 correction (in other words, if you see a big drop in the network hashrate, get out or move to an altcoin for a day or two). I poured over the graphs, studying, analysing and overlaying for hours and lately it has proved to be a great indicator for the price increases and times to buy

To some of you this relation may be indeed old hat. Also I have seen on this forum people saying the two are not related. I have found it to be the case. Take it with a grain of salt.

The thing is BTC and all cryptos, I have found, follow rather predictable patterns (I have found so far). I also believe that FTC is about to undergo a massive increase in the next 4-5 days akin to what we saw in LTC recently (akin to LTC @ 10 currently; but that's not to say i think FTC will get to $4...). Even though I hate FTC and I, so far from what I've seen, I think it's a scam coin, I still think it will happen.

There are others that are showing signs of improvement too. Sadly, due to Cryptsy being a piece of S*** (!!!!!) and not depositing my funds quick enough I missed out on a great opportunity yesterday (MEC). Megacoin just went from $0.56 to $2.70. Around 500%. Thankfully a friend of mine got in there. Franko (FRK) also made huge gains overnight and both continue to grow.

Fortunately, I just bought into QRK at 0.000048 BTC/QRK and tripled my BTC holdings in around 10 hours (and it's up another 10% in the time it took to write this EDIT: And now another 100% of my initial investment from 0.00014 to 0.00019 in the time to read through my post... get in while you still can), so honestly, I'm not that upset, especially after seeing Max Keisers' most recent tweet regarding Quark. The same guy that said LTC to $50... What happened? So far 4 week return sitting around 2500% I think, I haven't had time to work it out.

So far I've been right about my predictions and multipied my BTC holdings greatly, and I believe I'm about to again. Call me stupid and say price/difficulty aren't related. Don't take my word, look at the graphs.

I'm not here to brag, only to try and share my findings because I know there is a great community here and I am not comfortable just keeping this to myself.

I fail to see how my other post is revealing. I had the same prediction there too. Along with the LTC prediction. Which was close too, given it dropped to 25, and is sitting at 35 now. Made a tidy profit on that.

So far, so good as we've gained over 10%! Only time will tell.

There is evidence but it's more mystical to just claim it.

I'll explain after

Can see a new rally forming within 12 hours that will lead us to fairly decent gains in the coming days (inevitable large correction to follow, of course) with 40-100% gains (depending on external events surrounding BTC).

Ready your exchanges for the next week! <3

So I'm relatively new to crypto. I have invested everything I can afford to lose for now, I have also convinced my better-off-financially friend (he initially said he'd be better off buying Zelda Rupees but I stuck to my guns...) to invest. Since Nov 8th I've turned 1BTC into 4BTC which of course is worth thrice the fiat I bought with now and he has made a shade under $80K from $24K and aiming for early retirement!

So far this has been an amazing journey that has proved to be very prosperous. I'm only young and I'm so glad I've learnt so much about money and economics at this point. I have a lot of faith in crypto and I plan on being in it forever now, but it's quite fun making money on the way! Mining is the next logical step for me along with just long-term holding and being involved in community and spreading the use of BTC and it's ilk so it can be used!!! Salesman at heart I guess...

So far my calls have been pretty bang on, which surprised me. I've not been involved with finance or trading before, but always good with numbers. I've always loved the idea of trading etc but have never been able to.



Take them with a grain of salt, but here are my predictions for the next 1-2 weeks. I mostly want to start writing them down with timestamps so I can look back and see if I was right or wrong
I have tried to be as specific as possible!


BTC: Next rally starting 6-10am Sydney time (GMT+10) 30/11/13, lasting 2-3 days. Gains of 40-70%+, target around 1490. Possible correction to 800-900s, eventual evaluation back to 1100-1200 in 2 days after the peak

LTC: Much, *much* harder to tell due to current hysteria, but I see it correcting down (starting any minute now) within a few days to low to mid 30's with possible 20's with LTC/BTC returning to 0.024-0.034 within a week or two.


See me again in a week!

Early December would be my guess