http://www.forbes.com/sites/gordonchang/2013/11/24/a-china-triangle-bitcoin-baidu-and-beijing/Anything new here? Is this bullish or bearish? Didn't know so many vendors on the streets of China accepted bitcoins. Looks like the Chinese government A) is definitely NOT against bitcoins B) probably mining like crazy right now.... C) Or else vendors would be scared to accept bitcoins... because vendor/ gov't relationships are very close in China... maybe too close if you know what i mean. I think its pretty neutral just informing the public. |
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April 2013, and yes there's still plenty of money to be made.
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Goldentowns username: aivaneurobg Claim Reward - " Reach level 5 and receive 0.025BTC"  From recent posts I understand that is not yet paid any prize. I hope this is a temporary misunderstanding which will be removed, i.e. will be paid in the next 24 hours. To clarify the situation, recommend new players to wait a registration via CrypticBits referral link, i.e. whether CrypticBits will pay the promised prizes or not.I have the same problem he still hasn't paid out... Oh well just another scam... |
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A further drop of some 200$ - 250$ would clarify the market's position, and in about an hour a drop could start.
But it remains to be seen of which magnitude it will be. So far, the drop from 890$ to 745$ was underwhelming IMO.
Yeah but a lot of people believe price will drop, it's just a matter of when. Once the manipulators seriously dump, there's not much holding the market up right now. Whereas during the last correction there was so much buying pressure the price has meandered upward. |
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Well when ppl started getting there mini rigs beginning of OCT they were selling them off. Now they are getting low amount of coin return so they're holding on to them... The next batch of miners with the 28mm rigs will get here soon and the price will shoot up again. They will be the new money and wanting to sell except they will need to sell for more to get payback. This cycle will continue to repeat for a long time... Investment needs payback. So they sell. Selling creates Vol. People start holding out for more money but still willing to sell. Then the Increase in difficulty hits and they are back to hording.... March Apr of this year is when BLF started issuing their first mini rigs I believe.
miners participation in today market is negligible 3600 NEW Coins daily, thats a lot in market trades. It's actually more like 4k coins daily average 8.9m between blocks or about 4044 btc a day. |
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I find it strange how suddenly the Bitstamp/MtGox spread has reduced drastically. Only a week or so ago there was a 100$ odd difference..
Has someone managed to find a fiat-shortcut between slovenia and japan banks?
The hype is cooling down obviously, it just hasn't hit the smaller exchanges because they aren't used as much. |
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It dropped all the way from $890 to $750. Seems like a pretty significant correction to me.
From what I've seen in Bitcoin anything from a 30% to 50% drop is a significant correction. 15% is a weekend dip  Quite possible another 30% correction this weekend/Monday before continuing up. |
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probably because they don't have a trollbox that panics other users into dumping irrationally. and i'm guessing maybe Coinbase doesnt have as many traders either. Virwox is like that too. low volume, so you don't see the same volatility that you see on gox or btc-e.
Coinbase is out of coins for sale again. So Coinbase users can't take advantage of this drop (they'll get whatever the price happens to be on Thursday). Can't wait until CampBX gets ACH. And Coinbase follows most closely to Bitstamp (usually about $3 over). I use coinbase and I fucking hate it. Treat their customers like shit, lie about when transactions are going to be done. Takes 24 fucking hours to get coins out of there, singlehandedly made me like 20% of my investment... |
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Still haven't received it, I will post when I do...
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Hmm how do you know if you are able to invest with them?
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Eh....Saturdays are slow usually. We'll see.
It's definately going to happen soon though...
This could point to another Monday like last.... If whales are slowly pushing price up by buying 50 at a time, they could dump thousands Monday just like last week to strike fear into the market to see it drop to $300. Be very careful buying into this bull market. |
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I hit level 5 yesterday, I have sent him 2 pms about the payout. Still no payout (been over 24h), everyone be very careful investing time and money in this game because the user might not payout.
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Bitcoin can easily be worth 0 tomorrow if something is found flawed with the transactions or compromises addresses. So yeah this makes it extremely volatile and irregular.
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There are sell signals after that $60 selloff so not entirely impossible. But, yeah down to $600 is more likely.
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If everyone thinks its going to hit 1k it won't. Manipulators will be there at $950 to dump the price again to buy more at $550. They are slowly and consistently buying coins only to dump in a few days maybe even Monday again. Be careful...
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It just seems like with all of the people waiting on the sidelines a major dump could punch a big dip into the price. One 10k dump and all of the fear will hit the market.
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Item 2: Definitely makes sense.
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I'm not buying this wave 5 business I was under the impression were about to hit a C...
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I don't see a scenario where bitcoin doesn't crash hard. It just seems like everyone is speculating on it and once the bears start dumping we'll see $300 regularly again.
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Double top? Or possible retracement back up?
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