You mean you didn't turn BTC7 into BTC300? Pfft. This forum lead me to believe that increasing your BTC holdings by 43x was standard and even an idiot could do it.

The Chinese bank news the other day happened while they were just going to sleep. THere would've been lots of them who didn't find out until they woke up the following day.

There was a small dip at about 9am China time which was quickly bought back up again. It barely even registered on the graph.

I think the same will happen this time. The market has shown that there's strong support at $900. Any Chinese who want to sell will be met by these buyers.

Um, did you even read my post? Where did I say, or even imply, that they do?

And yet people had (still have?) it in their head that we'll hit $10k next year.

Yeah, I can really see multi billionaires putting their money into Bitcoin when the largest exchange implodes for no significant reason.

If I had money ready to go I'd be buying at this price.

So I just woke up, checked my phone, and saw Gox at $830 while stuck in a loop.

Why couldn't I just sleep another couple of hours and wake up after it had finished.

The thief is probably in a different country to you. Just because their laws may not necessarily stop them hacking into your computer (or maybe their law enforcement is too lazy to do something about it), doesn't mean the same applies in your country.

This is why I hate academia. It's based on rubbish like how many references your paper gets, or how big your vocabulary is. Not so much the actual idea you're writing about. Sometimes I read an entire page which could be summarised in one sentence without losing any content at all.

Source: I work with academics/researchers and see this every single day.

Almost bed time. I will sleep soundly knowing that we'll be back up near the ATH when I wake up.

Gox $1000. Show's over, move along everybody.

It's funny how emotional people get when they panic sold and need to buy back in.

OMG CRASHING TO $0.01 SELL NOW QUICK CHINA BAN ALL GO TO JAIL FOR ILLEGAL CHINESE BAN GOVERNMENT!!~one

Thanks for the intellectual rebuttal to my argument.

Ok, that's what I thought. So it's kinda false when people say that BTCChina has 66% of the entire market or whatever. With zero fees I could trade 1000 BTC back and forwards to my friend (or even myself) for the exact same price over and over, and end up making the volume for that day 1,000,000,000 BTC.

Do you know what the word intrinsic means?

That's a rhetoric question.

What does volume refer to? Deposits/withdrawals or also trades between people?

Obviously no trading fees would massively inflate the number of trades too. Even if you sell at 6000 and buy at 5999.99 you've still made a profit, so there's much more incentive to day trade.

5: Carry on, nothing more to see here

Nice! I've never seen that one before.

Gox is on the way back up. $1100 and rising.

So, uh, what's the price right now? Bitcoinwisdom and bitcoinity are both having issues for me.

I logged into BTCChina and it says exactly 6000 CNY.

Lol, if I was a journalist, I'd write a made up story saying "US government bans Bitcoin. Anyone who owns Bitcoin faces up to 36 months imprisonment". Then when the value crashes by 80% I'd buy all the coins I can afford and retract the article.

Even if you lost your job over it, who cares, you'd instantly be rich.

Ok, you first.