BTC price is compressing like a spring. These little $20 moves up and down will only rob you of sleep and coin. When the market breaks, it will be fast and decisive. You won't have time to place an order. You will be in or out.

It looks like the only people interested in buying bitcoins at this point are price manipulators and they are not even successful anymore.

Well, even I can make one such post, o back edit it and predict the price exactly at a given time

Get ready for the dump...

And the strange numbers?

A human would type 1.8 and 193.4 or whichever

Power companies face a big problem: they generally have the ability to produce power at a more or less constant rate while the demand for that power fluctuates sometimes dramatically. Many schemes to store power have been designed such at giant batteries, artificial lakes with pumps and turbines, massive coils, etc, but non have proven efficient or cost-effective.

A potential solution to this problem could be giant bitcoin mining farms that the power companies only run during off-peak hours. Rather than storing the electricity, the power companies use it to generate bitcoins or other crypto that they can store much more easily. Then they can sell the bitcoins rather than selling the surplus electricity.

The nearly free electricy would put them at a competitive advantage over other miners and the ability to more fully utilize their power generation equipment would put them at a competitive advantage over other power producers.

Thoughts? Comments?

So is it mainly bots trading on these exchanges?

I just bought a lot of bitcoins at just over 193.4 euro in 1.8 bitcoin increments.

I have been waiting for something under 194 and saw that pop up so I bought it.

Then a few seconds later another 1.8 popped up for close to the same price. So I bought it again. And it popped up about 6 more times and I snatched it up each time.

But the numbers were different each time.
1.79871374  193.31098
1.79279944  193.42050

etc...numbers like that

what's that all about? I'm glad someone did that, if I were to buy that many bitcoins at the current volume I would have driven the price up to 200 euro.

I personally consider altcoins a form of bitcoin junk derivatives.

you wont see any train departing till new money jumps in, and the money in alts is not new at all, on the contrary: that is old money trying to get out.

so all altcoins do is preventing us from finding the real bottom.

why are you so persistent in trading BTC/$ pair by looking at some altcoin trash ?

so silent here...

dump impending?

Seems we're moving up slowly. That wall on coindesk though...

Seems China still has some weak hands... They dump like 200 coins and Finex follows with 1500. I wonder how that's even remotely profitable unless they're just selling into their own buy walls. Maybe arbitraging somewhere, the futures market?

check for yourself:


www.btc-e.com

and yes, it is