But right now, the actual utility of Bitcoin does not justify the price leap.
This is the only point of your entire post that was right. The utility doesn't justify the price leap, because it actually justifies a much bigger one than we are experiencing. |
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I swear if one day the US does regulate bitcoin I really hope lawmakers don't say it is,"a series of tubes".
No, of course they won't say that. That'd be stupid. They'll say that bitcoins are CLOGGING the series of tubes. |
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So, an interesting note: Right now BTCchina is the second highest volume exchange today trailing only MtGox. Now sure if this is a big deal, but interesting none the less.
MtGox depth has Bids at over 10mil and asks below 70k. Muw-hahaha.
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It'll keep going up. This pattern has happened over and over again and, thus far, there is no reason to think that we will stop.
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You should add info to the OP about where I can buy them. I'm still not sure if I can actually order a physical card. I would love to give some away as gifts.
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Must be dump o'clock somewhere.
This is a normal phase of the recovery where the bears see it's almost back up to normal and go like, "I think this is a great time to dump." It's completely idiotic, but I saw this with 45->38 and 69.5->60. Oh, I have no doubt about this. It's still just as annoying as ever though. |
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Must be dump o'clock somewhere.
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MtGox down. Sell!  Sell....and get your USD stuck? Wouldn't it be more prudent to, assuming you had access to MtGox at all, transfer your BTC out and hold? |
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As an American I wouldn't panic buy, but maybe someone within the immediate range of any possible conflict? I doubt anything will happen, but if it does it could put a dent in local economies something fierce.
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I wonder if the 20k BTC buy wall at 76.02 is the same one we saw at $50 something earlier this week. If so, the next question is is this a really hopeful individual trying to catch another drop at the same price as the drop before it or is it some sort of trading strategy to edge up the price?
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Well, clarkmoody is still showin' nothin' for me but Bitcoinity just dumped a bunch of buy/sell info all at once.
I can get to the actual MtGox page tho.
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Gox still down...
Seems fine here.. I haven't tried placing an order tho Strange. Clarkmood and bitcoinity are both giving me nothing. |
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There is a china section in this forum. you might want to check it out.
No one uses that forum in China. We discuss BTC in various QQ Groups, much like what you do on IRC.  Whoa, where'd you get the picture of the MtGox servers?? |
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Now, does anyone care to guess what percentage of total bitcoin users that 4824 represent? I'd honestly like to hear some thought out conjecture.
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A new, interesting pattern. Bids are continuing to rise to all new highs (over 11mil now) but asks also rising (though still now where near where they were two weeks ago and on par with last weekend). Bulls still have advantage, but signs point to continued slug fest.
I am guessing we'll battle it out around $100 for a while. I think we can break it down in three ways: 1. Bears/Bulls battle it out with incremental sells/buys and price stays same or move up slowly. 2. Bears dump, price falls quickly and flash back to where it was before dump and battle continues. 3. Bulls spark a huge buy rally, whether single buyer or bunch of buyers buy at same time by accident, sparks a panic buy and prices reaches next level and we stay there. Thus, bull advantage. The only bear option really is to keep price where we are at now. |
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A new, interesting pattern. Bids are continuing to rise to all new highs (over 11mil now) but asks also rising (though still now where near where they were two weeks ago and on par with last weekend). Bulls still have advantage, but signs point to continued slug fest.
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Much of the new ask volume is due to large walls between 150-600.
Hmm, a bear could just add 1000 coins for sale at 1,000,000,000 to manipulate that chart. But lol at the large walls, some one must expect this to really pop. Didn't I just read some claim that on Gox you can put 1000 walls 1000$ each as long as you have $1000 on Gox? And if you withdraw your $1000 your walls wouldn't even disappear? I mean yes I was also bullish for these charts but with them not having anything to do with the actual money available how would I even be able to tell how much money I will get when I sell my dollars when all this is fake? So who's providing false info? The wall posters or those who claim the falls may be fake? I think some users have tested it and found it not to be the case. Plus, if you could, we'd see a LOT more than just 10mil in bids. People would be manipulating the frak out this. Something is going on though because I saw a bunch of bids in the 90-92 range cancelled about 1-3 seconds before the dumping started.  Most likely hood those walls were owned by the dumpers themselves. They like to put up decent walls to encourage more people to put bids in front of them and then pull them right as they dump. |
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