$446 wall guy on BTC-e is doing some nice accumulation.
Yes everything is just positive, no one is selling on Huobi everyone is just increasing their holdings, BTC going to the moon.  |
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huobi on the dump
Hope this time the price will finally plunge. |
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December 2013 - oh shit!!!!! china bans bitcoin January 2014 - you know what ? bitcoin is going to banned in china at the end of January February 2014 - NEWS FLASH - china bans bitcoin March 2014 - guess what china is banning? April 2014 - fill in the blank---- China is going to ban [______] come on, you can do it. guess. December 2013 oh shit!! Mt Gox is insolvent! January 2014 you know what? Mt Gox is going to be insolvent at the end of January February 2014 - NEWS FLASH- Mt Gox is insolvent February 28 - We regret to inform you that due to rumors, we are temporarily suspending deposits... ^ This is exactly how I think the whole China thing will go down, exactly the same as the Gox drama. |
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I tried to find recent news from China by Googling "04月09日" "比特币" and using Google Translate. I cannot tell for sure, but it seems that they are still uncertain about the bank account closure on April 15; no denial, no cofirmation from the PBoC.
However MtGOX is still regularly mentioned in the Chinese bitcoin news. It seems that the Central Bank of Japan too declared that bitcoin is not a currency. (But please check, I may have misunderstood, or the news may be old.)
http://www.btc798.com/article-3526-1.htmlHuobi making like the Internet or Bitcoin itself and routing around the damage?  So basically they are going overseas because the 15-04 ban is real? (This is a genuine question as the translation is hard to understand.) |
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Looks like bter is accepting CNY deposits although Im not sure what the deposit screen said before it now says that RMB recharge mode is fixed and gives an address of bters bank. Strange ehy, getting an account just before the 'immenent' shutdown...  The thing weird about this message is that they write temporarily fixed. Personally if I was in charge of communications of an exchange and we had just fixed the problem forever and would have no info that there would be regulations coming I would communicate that it has been fixed forever. Imo this looks like a way for them to allow people to withdraw their funds in such a way that the PBOC can have insight into the amount of money people have on the exchanges, before they ban the whole thing. |
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depends how good it is i guess.
there's a lot of free bitcoin charts, not sure what would compel me to pay for it
^this. |
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What's up with delay of Huobi's trading feed
What delay, mine is up to date, actually @ 1245CNY If only that was true  |
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Some idiots panic sold already...
Where is the rest of the idiots when you need them to panic sell some more? |
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Doubting if BTC will go down from here.
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Seems like there is lots of buying pressure stopping the price from dropping, I would guess the bottom has been reached then and I will have to close my shorts.  |
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I think current dump strategy is to bore everyone to sleep with no volume and then out of nowhere dump. |
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As Steadymining has currently been shut down due to personal reasons, we decided to sell the domain name. The domain name currently has the following alexa.com rankings http://www.alexa.com/siteinfo/steadymining.com. Pm for more info. |
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Nothing happening over the weekend. Then a minor, but noticeable drop and the market is still quite stable. Doesn't look like everyone's struck by fear...
Stable? on what part of this chart the market is stable?  Actually going down for a long time is very positive, this means that whatever bitcoins I have left to sell are now worth less USD and I hate USD. Gogogoggog Bitcoin. |
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Crazy to think paper in your wallet can be worth anything, don't even have to go look for it, its printed... The world is so wacky.
Yes,paper money are the sign of value, of work. For example you work as engineer and design new car. You get paid. This is the reward for you work. You go to the supermarket and buy some bread. The money you pay serve as the reward for farmers, driver, workers at the market, tax etc. The paper money DO have real value, so to say the real Proof of Work;) In comparison to BTC, which is some real random numbers. So everyone can wank on sofa while mining "money". That would contribute so much to our society.... Why work at some hard and dirty jon, if you can buy yourself a rig, and do nothing. you are pretty fucking slow, aren't u? teachers must of mumbled something about how special you were when you was little, am i right? You can say a lot, but his response is kind of funny. |
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Can someone please post a picture of a train with choo choo written underneath it, it seems we are finally choo chooing.
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Ok, price is roughly stable at $455. What this means is that there is only ~ 65% as much new money coming into bitcoin as there was when price was 53% higher. How is that not extremely bearish? People should be jumping on these cheap coins if in fact they are cheap. This is just another pit stop on the way down, which I HOPE is ~$400 and could easily be lower.
The main arguments on this thread are between those of us who want it to go lower to buy more and those of us who are expecting another choo choo. This can't be capitulation. Where are the guys wanting to cash out for good? Until they all leave, we can't have a recovery. I've been through many points of maximum pain and this is not it. Not even close.
How about those that are leveraged short, would they not want to see the price go to 0$? |
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It would need way more than 13 times as much money, you are forgetting that the BTC supply is still increasing. Money needs to be pumped into the BTC eco system for it to maintain its price, therefore if money is withdrawn from this system, the price will drop more rapidly than if the same amount of money was injected into it. This is why these so called BTC bulls (read: people who got in early and want to dump massive amounts of BTC at a good price) keep telling people to hodl.
Those are the same people who are pitching BTC to stupid money, saying that the dollar is inflationary etc., well atm the BTC is more inflationary than the USD.
Your wrong in your thinking. Theoretically you hardly need any new capital to create a higher price and/or higher market cap. This is due to how many coins are actually on sale at any one time. It is exaggerated in coins that have a larger number of total coins. This is due to market cap being last price x coin supply. For example NXT has 999,997,096 coins that means for every dollar rise in price the market cap rises $999,997,096 dollars. People bitched about the same thing with Quark and the amount of coins it has that artifically inflated its market cap. In the case of BTC if everyone but one guy took their coins from the ask side and one guy put his coin up for sale at $10,000. Once somebody buys that coin the last price of BTC is $10,000 and the market cap is $126,163,250,000. All that with just $10,000. This is exactly my point. This is the reason why certain people are trying to convince people to hold (holding will keep the coins out of circulation), thus making it easier for the price to increase. However I do not believe people get into bitcoin to hold. People get into bitcoin because of the wild stories they have heard of people becomming millionaires within a few years. Once this optimism wears off people will start to realize that they wont become rich holding bitcoin and will sell their stash. |
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First vote |
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So some people where screaming the last $266 bubble that Bitcoin had no infrastructure to maintain this price, and now, that this year infrastructure is increasing and there are few Bitcoins than ever for sale some people are screaming too... because? This year has been a fantastic year for Bitcoin (not for this price thougt), but infrastructure is more strong than ever and increasing, this is intrinsic value too, VC and Angel Investors than believe clearly see a great potential, USA has regulated BTC the same as gold, so... are we going to $0? a multiyear bear market? Seriously? I'm bullish! And Hodling! I agree that the bitcoin infrastructure is way more mature than it was a year ago. Thing is though that most companies accepting bitcoin do so by using Bitpay, this way the bitcoins spend for certain services/goods will have to be sold again on the market making the net increase in the demand for bitcoin as a result of more companies accepting bitcoin near zero. |
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