Didnt think I would be back so soon.

Nom nom nom nom.

Burp.  

Reshaping my buy curve so I don't run out of fiat before $10.   

You got it baby.  I might have to come back for another bite sooner than I thought.  

$679 on Gox.  Thats enough for now. Burp.  

Gox is such a tease. Stop bouncing off 680. 

It will be back at late 2012 levels by mid 2014.  Obviously. 

Clearly a hash rate bubble.

Good.  Hurry up.  Breaking 675 on Gox would be a good start instead of mucking around at 701 for the past 24 hours.

So who is going to move some bitcoins onto BTC China, convert to yuan, wait for bank transactions to be formally banned, buy back bitcoin when all hell breaks loose and send the bitcoins back to the West?

 

Nice one. 

Its 7.30 am in China.  Sleeping in?  Volume does look very light.  Lag?

Those of us who have only recently joined this particular MMO would very much appreciate a crash an order of magnitude greater than so far made available so we can dollar cost average in.  

I have a stack of fiat ready to buy but my personal trading rules prevent me from buying any more until the price drops further.  So I sit and do nothing.  Which is boring.  

Nice thanks all !

Coinjar service has on the whole been excellent.  I was concerned because of Zhu Tongs involvement but after having used them for a dozen transactions they have always confirmed my deposit within an hour other than the Monday following the previous crash (when I desperately wanted onto the market).

At this point I have no reason to think they won't be around for a long time. 

Of course I only keep small amounts with them. I don't really trust anyone in the bitcoin community (but that's what bitcoin is for - not having to trust anyone).

Thanks guys.

So a paper wallet has the private key printed on it?

Does the Bitcojn QT client have the ability to show the private key?

Please explain it to me like I am 5. 

I know my password (Bitcoin QT) and address.  So what does my wallet DAT contain that cannot be derived from those two pieces of information? 

Is it because my private key is not related to my password? The password just allows access to the wallet DAT file which contains the private key? 

And if that is correct then a hacker could still know my password but not be able to spend my coins without also having access to the wallet DAT file.   Is that right ?

Woohoo 700 breached on the Gox.  Here we go !

China still has currency export controls. Of course they are going to shut down BTC on the mainland.  Maximum fiat withdrawal for mainlanders without guanxi is still USD50,000 per annum.  

Still waiting for Mt Gox to break into the 600s.  Don't people realise we are trying to have a crisis here?

C'mon Mt Gox break into 600s.  You know you can do it.