Oh you people of little faith! About 1.5 million bitcoins (of the 11 million existing) are in the speculative weak hands. We owners of the larger stash, are busy preying on your smaller stash, and constantly buying more and more of it. Currently bitcoins are hardly even getting distributed in a serious way, since I and the likes of me can still easily live in luxury + earn more bitcoins doing it.

This is mathematically impossible to continue. Bitcoin price will rise

I can write you puts at $115 if you like. I am able to write for BTC500 at the moment. The price will be decided on by case basis. Preferably just one counterparty thank you.

Of course it's bumpy, but that will just be a killing upon a killing for OTC dealers, like me.

If you want to learn how to profit, there is a summit in my sig.

Gox will be replaced by a dealer network this year

It was me, not the OP 

Everything you describe is happening.

Besides buying goxmoney is a neverending source of both profits and lulz for the otc dealers like me.

Inconvenient Truth(TM).

Ask sum is easy to manipulate when the price is rather stable. You just send gazillion coins to gox and list them for sale.

When it is rocky, you can't do it without risk of your coins getting eaten. That's why the ask sum was very low during the last top of 266 - only the ones actually in the business of selling dared to "ask" anything.

Bid sum is now higher than back then. Hmm...

Perhaps we just continue on the adaptation curve set on January: On average, every week sees a 15% price appreciation. When we go to uncharted territory, and go to 50%-100% per week, that is bubblish and due for a correction.

I don't know how you bears can pretend that you believe any of the FUD..

Reality is, bitcoin's usage is growing at a 10-30% weekly rate. Hard time believing that it would not be the price trend also.

When I went to a certain grade at school back in 1998, two people in the class had a mobile phone. When we graduated 9 months later, everyone except two had it.

Bitcoin will be the same, and year will be 2013. Only difference is that with mobiles, you always pay. With bitcoin, everyone who buys below the long term fair value of $300k/BTC, gets rich. This will only aid adoption, not hinder it. 

Esp. as they are so ridiculous:
BTC1 2011 series 1 - 5,500mBTC
BTC1 2012 - 2,200mBTC
BTC1 2013 - 1,800mBTC

Including worldwide delivery.

No, it was returned to me because of hotel security regulations.

Trading = buying and selling your own position, to make a profit/loss depending if you're right
Dealing/brokering = buying and selling to the client, to make a commission regardless of the price

I do both. The IRC channel I don't know. "OTC" is a general term for all trade that happens outside of the real-time exchange.

I dunno why people want to sell to me for 5% less but that's what they do. They also pay me 10% over.

Sure I'll show you what I have ... if you just come and see me

Thank you all for the curious interest. This is truly like running a race in front of the world More criticism than praise, although I think I am doing pretty good considering that I only do this 24/7, and also earn my living in the process.

Today I did the following:

- Some summit members have taken on tasks to practically organize matters. Expect zeroday to start a new thread and keep it in even better order than this one is. We will also have a private forum in 48 hours max, for the delegates and people in the process.

- I scoured the city for new and ritzier offices for my supernode. So far did not find anything of interest. My problem is that I want quite large (200+ sqm), best location (only a few blocks are good enough for me), good condition (4 meter ceiling is the target, <3 disqualified), and available (so that we can move in now and not in 2 months)

- We will go to Haikko on Thursday with a 4-ppl delegation, to discuss the practicalities of the Summit with the staff of the Manor House

- Chatted over skype with a Greek delegate

- Some people want to order Casascius coins from me, I have quoted 1,800mBTC / 2,200mBTC / 5,500mBTC for 2013/2012/2011 BTC1 coins incl dlwy.

- Goat sold me 700,000mBTC for 2.65M THB yesterday. I have now spent about 4 hours with the bank, and currently they have promised to send the money to him on Thursday. I need to pay anything between $1k-$3k in different fees to the bank (closer to $1k now since I phoned directly to the currency broker desk to exchange EUR->THB; but I have happily paid 1.55% fees on USD->EUR automatic conversion just because I did not specify the sender to use my USD account). LOL when Goat sees the money clear, his part is done in 15 seconds. [Do you realistically think that BTC will not go to $300/mBTC, just because of the fact that using banks for anything is such a pain?]

- We are celebrating the 3rd most important annual festival in Finland, only Midsummer and Christmas (in this order) are more important

- I have almost contracted a team of 3 bright and beautiful young women to help with the organising of the summit (+ being The Summit Secretariat during the event, if ever we reach 30 participants - which I doubt but will employ them anyway)


All delegates - If you need something very important before Thursday May 2nd, 16:00 UTC, PM me. Otherwise I will have the staff and the rooms etc. ready by then and will contact everyone personally.

Since the best rooms are in short supply, please decide for yourself now, if you would like to have:

A) a suite (Manor House 2nd and highest floor apartment with bedroom, living area, bath, and large balcony facing the sea - visible in the photo in the summit invitation) with butler service for 10,000mBTC; OR

B) a single room in Manor House 1st floor with bath / single room in the conference wing (same price) for 3,000mBTC; OR

C) shared room with another delegate with bath (included).

In the future, they will be based on Dealer Network Fix (3 times per day). Today they are based on gox, with a 6-15% margin on top.

I also buy bitcoins for 5% below gox.

No it's otc only. You can buy one (2013 cas. BTC1) from me for BTC1.7998 incl shipping to US. But don't order from me, I will always be the most expensive dealer to order anything from.  Except silver, that is cheap.
Send me PM and pay to:
17neXTeRQswdV1Hr6csmssJL2HpFz5bGoi

if still interested although price is high.

Gox is a big tape-painting club. The real bitcoin flows are moving to OTC as we speak. Most of the trade in gox is trading, not legit movements of bitcoins to new owners.

Thank you for your reply, I appreciate it.

I realize that astute bitcoin people are very busy, and therefore cannot easily read the fine print, which in this case says that the tickets will be sold at progressively higher prices. The first one was BTC1, and currently you would be able to reserve yours at BTC8, which, despite the fact that it is $1000+, will still net me a loss and cannot be considered excessive.

The level of people, targeted with this summit, is so high, that their opportunity cost of time easily runs in $thousands per day, so this is why I care about their physical well-being (and not so much care how much it will cost to me or them). It is realistically a $5-$10k investment for you or anyone from the U.S. to attend this (ticket+flight+time), so you don't want to have substandard living conditions. There is already another conference targeting a wider audience, and there is no point for me to reinvent the wheel.

As for the workshops, I have currently outlined three most critical developments in the bitcoinworld, which do need to be accomplished with the utmost speed and determination, namely:

- The Dealer Network, to stabilize the price during its appreciation phase and remove the single point of failure (Mt.Gox)
- The Supernode, to strengthen the socio-economic network, develop local power centers, and tie Bitcoin to the real world existing networks
- The Real Bill, to enable such a stable price in the long run that bitcoin can be used as a unit of account in production of goods and services

If you think there is anything more urgent and important to be done in this world than these, please post it here. Since I am pretty serious with this conference and consider it the culmination of my short career in bitcoin.

If you just see the blackness of the cars and hotness of the girls, you are myopic. This all needs to be there but the real content is in the workshops.

Thank you for the Casascius coins, they are beautiful, and a lasting testimony to your foresight.

Sorry I have a hard time trying to "predict" micro-movements, since they are completely uninteresting (except from the daytrading point of view which I do admit is the topic of the thread).

Big boys run the casino. Don't buy high, sell low for some "momentum" considerations, since it is all painting of the tape and other tricks.

Buy 100% into bitcoin. Then send 10% of your coins to an exchange of your choice, and always sell at the very highest point, trying to buy back lower. Only reasonable way to trade bitcoin (imho) is to short it. Going speculative long is waste of time. Be all in, and drop 10% when it is going too high (after 20-30% daily move this is pretty much the case, and if you are nimble, even 10% can be traded with grace and ease).

*painting the tape = selling to yourself with high volume after you have moved the price to a direction of your choice, to convince the market that something has happened to warrant a new price.

Instead of outright denial, why don't you post some proof?

Currently I don't see a proof anywhere in this world that Bitcoin can go to zero, OR that it can go anywhere but up in the months and months to come.

I think $137.5 will likely hold. If not, it is just more coins to the strong hands, and the runup will be that faster..

The cup is now quite tilted to the downside. Expect immediate bounce to about $141.

G'night. Seems that we both lost though  

No I'm not gonna bet you BTC5,000 though.