Please PM me your expected price and condition, prefer unopened.

Will buy both issues - Adam Smith and Joanne. Also looking for silver 1BTC Titan. Please show what you have and whether you have a fixed prices or want an offer. Preferable if in US.

Can also trade for Casascius coins (1 owner) if in person.

Well, seeing as good news have negative impact on the price, here's some bad news:

Completely crazy regulators in Russia have proposed a law that would make any operations with cryptocurrencies illegal, with fines of 1000 euro for citizens and 2000 euro for organizations. Also, creating software for cryptocurrencies or distributing any information that could lead to creation of cryptocurrencies will be outlawed.

Source article in russian (law is not passed yet, but knowing that puppets vote for laws in Russia, it will be): http://lenta.ru/news/2014/10/03/bitcoins/

to the moon?

Yes, look at this, definitely euro is doomed! Sell all now before it is too late! Don't fall for any dead cat bounces!

Having been here for all of bitcoin rallies, I can see a pattern emerging. Pattern of time periods in bitcoin price history when you never know if todays price level will happen again, ever. Before last month, we all are lulled to believe that we will see $400 again and again and again, well, not anymore. Call that intuition or blind guessing, but be very careful when exiting bitcoin positions now, even partially - you may have no choice but to re-enter higher or much higher later. If you feel the urge to play short-term speculation, sell after spikes up and re-buy at the nearest correction, but try to avoid risking much at that; whatever you do, do not go to bed while in fiat.

You have been warned

This is an updated exponential trend topic; I will update it after every rally collapse is over to see what the current trend baseline is.

Starting in 2010 and until Jan 1, 2013, we had a perfect x4 exponential trend - meaning, baseline was multiplied by 4 every year. It was confirmed several times using MtGox data, not posting it here since it's history by now. There are previous threads on that topic.

After Jan 1st 2013, things went ballistic (second, steeper line), using BitStamp data as Gox is no more, and the current reversal confirms the new x10 yearly baseline increase. In case that this trend is not broken, minimum price of 1 bitcoin in May, 2015, would be $4000 (or more, this is the minimum).



In case it does not hold and we revert back to the old, "slow" exponential baseline, the price would be ~$600.

[IMPORTANT]

Now in the spirit of prof7bit's generosity, giving away the sources of the goxtool bot I'm personally running, have fun: https://gist.github.com/pira/8030590

The bot is for his amazing goxtool: http://prof7bit.github.com/goxtool/

Bot install is as any other bot, copy it in goxtool dir, run with --strategy=_ranger.py

IMPORTANT: you need to set RANGE_MIN and RANGE_MAX in the bot to set trading corridor. Minimum price is where the bot would be all-in BTC, maximum price is where the bot will be all-in-FIAT. You must understand, that everything you have on the linked gox account would be traded. So, for example, if you set price corridor 300-900 and the price goes to 900, the bot would have sold everything and would have set buy orders waiting for retraction. My main goals for this bot were: ease of use (two buttons), stability, and api lag resilience.

To start the bot, press 'p' in goxtool. To stop and remove all orders, press 'c'. If the bot has hit one of the range boundaries, hit 'p' to resume setting orders, too (but you might want to adjust the bounds first). Initially, it creates 6 orders around the current price. Every step of the grid is ~2.5% but you can change that to your liking. After some time, there will be more orders as it follows the price around. This is expected and helps catch gox spikes when API lags. If you ever adjust the trading corridor, you need to cancel your orders before reloading the bot - this is important, as the order price levels depend on the RANGE_MIN value. Bot uses all your fiat and evenly spreads that to calculate buy amounts, and the same for BTC - every sell order would yield the same amount of usd. Bot has been tested for a while now, and performs well even under very volatile conditions working with substantial funds. But the usual disclaimer applies - not responsible for any damages, harm, financial losses, etc, coming from the use of this bot or it's parts, you are on your own.


All the credit for the goxtool and the balancer bot this is based off goes to prof7bit - you really should go and donate to him if you have not done so yet. And if you find my bot useful too during this volatile times, here's my address for donations: 12pEHJd12Lf7KAiqcT35XLgadmJN3zHQu9

I do not accept requests for any coding, but I'll be glad to include your improvements or suggestions in the range trader here.

Just thought of that, inspired by a recent panic based on semi-understood gossip coming out of China: isn't it beautiful that many (western) people now learn much more about chinese way of thinking, politics, financial system and so on, and the other way around - only to better understand what is affecting Bitcoin price in that part of the world? To think of it, bitcoin is actually the first world-wide currency, the price of which can be one day affected by USA, next day by Cyprus, and in a month by China - and people who own bitcoins have to not only be interested in their local news, but monitor what is going on around the world. Even Internet, which is global in nature, is heavily segregated into single language subsections, which still, after 20+ years, do not really overlap much.

But now, new services and global world-wide news outlets would emerge because they are sorely needed by bitcoin users. Real-time TV translation services would also be required, online commerce has finally became truly world-wide. I think it is an amazing quality of bitcoin, one that we can't yet fully understand, but one that would surely bring the world closer together, if only because of the same currency we all share.

end rant, you can go back to PANIC SELL ALL now

You have been warned

But really, there was such a topic about cheap 2-digit coins some 8 months ago. And the topic about cheap single digit coins a year ago. And they both seemed funny at the moment. Guess where are those now? In the history books.

What would happen once first coin is sold for $666 on gox?

I think Satoshi will appear in a form of .mp4 file generated by everyone's client at the same time, explaining how humans are greedy and should pay for their sins. Then would proceed to irreversibly destroy blockchain.

Hi guys, respectfully browsed through your forum but it seems there's too much information to digest, so I thought I'd ask.

What is the best ASIC system now on the market for somebody to help support the network? Don't really care that much about ROI (of course, it better paid for itself before blowing up, but not necessary)? The main requirement is the ease of setup of hardware/software for somebody who never really mined bitcoins, and wants to get the working system out of the box. Noise would be a factor too, something to be used in a non-dedicated environment.

I considered KncMiner but reading through the thread it seems it requires some hands on assembly. Anything better out there? Anything upcoming maybe?

A thought - with all weak hands sold off during the move from 100 to 500, there's a shortage of coins besides a few speculative ones rotating on exchanges & newly minted ones.

I'd imagine big players who would want into the game once it reaches 4 digits would need to incentivize current holders to sell. What do you think can be done here, to break into the big old stashes, if raising the value of one coin is not enough in itself?

I can see several possible attack scenarios. First of all, plant the notion that bitcoin is doomed - either by regulatory means or spreading high-level FUD, we've seen some early signs of that. Second, we would see more and more of luxury high-ticket items (islands, large yachts, planes) being sold directly for BTC. Third, there (probably already are) many organized hacker groups going after the current holders. Fourth, creating bitcoin "banks" - secure storage companies - to get some old coins from people who don't feel comfortable storing large amounts on paper, later bing nationalized / stolen.

Anything I've missed here? From what I understand, we're talking about more than 50% of all mined coins being cold and never traded atm, with a possibility to get reintroduced at random time and seriously disturb the markets, and that fuzzy situation would be considered a major risk factor by all serious holders, so it will be dealt with before any world-wide acceptance takes place.

Just thought of this - at this moment, I regret every exchange of bitcoins for fiat that I ever performed, "locking profit", "dollar cost averaging", etc - had all the good reasons back then at $29, $99, $230. You will, too, eventually, if you sell now. So don't. You have been warned.

So this topic is to declare this to be the new trading floor for future bitcoin price bubble burst. Previously, I thought $22.2 will be the floor, but now it is obvious that I was mistaken and the dot moves twice.

No correction is possible below that price. This is backed by the declaration above.

How about double digits for a little while, I already miss those cheap coins

Waiting for proudhon to switch from "we will see single digits soon" mantra to "we will see double digits soon" one. That would mean we can run up to the next stop - four digits, baby.

First time I saw this happen, and I buy with them regularly. Seems they have an USD limit they are willing to process per day, and it has been hit today:

"Sorry, the maximum number of purchases on Coinbase has been reached at the moment. This is a 24 hour rolling limit with no specific start time. Please try again later. We'll continue raising this limit over time."

Just thought I have not seen crash topics in a month, so here. Just crashed from 47 to 44. We're all going to die!

Here's my prediction - $30 (+/- 10%) would be the new consolidation level for a month or so. Then, once everybody is comfortable and all bears burned through their remaining fat, we continue upwards.

Obligatory future price pic pulled out of behind technical analysis:

You all need to start selling now, then rally stops! Easy. Just as we fixed the CRASH.

So this has been the largest weekend dump in the history of bitcoins I'm sending more moneys in tomorrow, using little math skills you can figure that there's enough fiat now in MtGox to drive the price right back past 15...

Disclaimer - currently in BTCs bought in at ~8.