Better prepare, Elwar is gonna announce something next week!

Did we see a so-called double bottom here?
The price went almost exactly to the local bottom reached on Dec 18th.
Or would a double bottom have to occur closer to this last local bottom?

how can you be calm if you're constantly losing money?

I started trading this year. Every time I think this THE bottom it drops further. Miners are turning of their rigs, there's really no one buying any more.
I started pretty bullish into this and ended up a bear.

edit: nervous already.

The interest which you can analyze via these charts is end-user interest. Bitcoin had and has the potential to become internet money, but for the simple minded end-user it seems unsecure (scams, gox,...). Additionally it is not needed at the moment because it's much more of a hassle to acquire bitcoins and buy stuff with it than just use your fiat. This is where I personally thought IT startups would fill the gap with clever ideas. The development to make it more user friendly didn't continue and the bitcoin believers where losing interest.

In the meantime companies and speculators are moving in and in my opinion their interest is not represented in that chart.  The bitcoin market is shifting towards being a financial market. And like in the stock market you can lose alot of money if you don't know what you're doing. Makes it less attractive for end-users using at payment option. I personally can't see how the monetary use and the financial market can happen in this small market at the same time.

What about the recent post dumping? How do you plan to implement that? Will the dumpers lose coins?

No, difficulty does not correlate with the coins mined but the hashrate.
By doubling the hashrate you could mine more coins in a short period of time till it readjusts

Wow, such journalism, much headline.
Fits the Speculation sub...

A little dump just happened. Let's see for how long 398 will hold.

edit: first wall removed

At least the price went up a bit today, nice opportunity to make some profit while finding the bottom
Has anyone calculated the mass of coins that were dumped in the past days? Sometime soon the dumpers hopefully run out of coins...

only if others follow. and if someone is selling his coins, another party is always buying them. There needs to be a pressure so people are actually willing to give in on the asks.

So here we go again... hope i don't miss buying in
you know, cheap coins!

wow, at the moment i'm pretty happy i went all back into fiat this morning. it has been a hell of a ride today. so i thought we had seen the bottom, but there's always a further way down. Since i went into BTC almost 3 months ago, i've been mainly seeing downwards. Each time you think "this is the bottom", it just goes lower. Feels good to have cut at least some losses (for now). And this thread keeps me entertained in these wild times. So, cheers to cheap coins :]

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Hahaha what a guy... His enthousiasm made me think of https://www.youtube.com/watch?v=4pXfHLUlZf4 :]

Seems we're about to break 480 on bitstamp. Would be great to reach and keep that level.

In fact no one needed an iPhone when it was released on the market. People needed a mobile and the possibility to access the internet whereever they are. The iPhone just fulfilled their needs in one device.
When looking at bitcoin it might not be obvious why paying with it is the better solution. The point is while bitcoin as a currency fulfills the same purpose as any other form of payment it has ideological benefits. In a time where technology enables banks to track payments everywhere, where you get personalized ads based on your purchases and whatnot it's important to have a decentralized payment system. No central authority can associate your money directly to you, you're independent of the solvency of your country (atm this is a big plus!) and therefor your country can't come and seize your funds for the failure of their politics.
Of course, our existing monetary system might be super easy to use. The normal user might be used to the system in place and doesn't jump on it right now. You won't find any revolutionary movements in our developped countries anymore. For bitcoin to evolve it will slowly need to increase its usabilty. When the time is right and that might be when the next financial crisis comes, the use of bitcoin or any decentralized cryptocurrency in general will show its true advantages. And you can jump on that train either after you lost all your fiat in the next crisis or you can now at least consider the possibility cryptocurrency is a solution to our defunctional banking system and get used to it.

The big buy this morning on bitfinex didn't affect the price on huobi very much. While on bitstamp and bitfinex the price was rising, not much happened on huobi. Seems that without the support of the chinese we won't go up. It can sometimes be seen that the price bounces back if the other exchanges don't move. I think it's because of arbitrage trading?

Weren't these shorts a speculation of a falling price? So with them closing, they actually buy new BTC and you never buy before a price you personally see as bottom i'd think.
I'd treat this as bullish

The difference is that in our western world we have so many jobs that do not actively produce something. Working at a production line you can't take the product home and sell it to pay your bills. A farmer in the third world takes his corn and trades it against some water or wtv. We need money in our western world to be able to rate things. Since nobody knows how much you worked this month except your employer you get paid the corresponding amount of money which you can use to buy stuff. It's the only way a company can work since they won't pay out their product to the employees.

Seems so.
bitcoinwisdom says

Hash Rate:    217,992,542 GH/s

Wow this one is quite hard.

There are two ways to look at it:
1. If you live in a country without major economic problems and have enough money to get by, money doesn't have to be important to you. When you can live everyday without worrying about it.
2. But if you really have to worry about money, it's hard to say it's not important to you. You might not need a lot, but if you have to worry about the little things you need money will be important to you.

There's the question if a good earner that says money is important to him looks at it in the same way as someone who's not out for big money but has to fear for the small amount he needs to survive.

Personally i'm lucky to be in the first group. Money isn't everything for me aslong as i have enough to life my life comfortably. Even if that means i won't be able to buy things just for the fun of it.
That depends on where you live. You can get (financial) help in the western world to achieve a lot of things educationwise if you can prove you're really out to get to where you want to be.
Opening a business with borrowed money on the other hand may be a choice, but none i would want to take.
If you try to achieve things without money you usually have to be a lot more focused to make it work. You'll have to work harder to live your life the way you want to.
Compare two persons: Same effort put into getting where they want to be, but one of them has money. This is sometimes the little thing missing.
Power decides who gets what. Earlier in history that power came from war, in our "peaceful" world it's nowadays money who decides it. Might not be the best possible design.
Not for me. You can't be insured against everything, so even if your life is okay you will always strive to accumulate more money. Money you can put aside for bad times.
And then there's the point of having fun at your job. If you love what you do money is a nice side effect. That doesn't mean you don't rely on that money.

So, what do you guys think: Will we break 490 USD/3000 CNY in the next couple of hours?
Seems there were a few tries but it's not staying above. On stamp it's only 70 btc to go to 490 usd, but on huobi it's almost 1700 btc till 3000...
I'm hoping we can keep the momentum!