Yeah, I think it can breach the $3000 mark quite easily. And I expect it to hit there by April 2015.
It is based on behavior of whales, and not on any price analysis.
The market has become extremely volatile and it is quite possible to cross $3000 as well as to hit $200. But the chances are it will cross the former before going for another huge crash to probably $100 and then the cycle goes on...
Markets moves will be highly unexpected. Be it up or down.
If it happens it will be more like $230 > $4500 > $900 then block reward hits and we go to $10k+ Knowing Bitcoin, price will probably drop when the block reward halving occurs. Everyone knows it's coming, so there will be huge pump months before and leading up to it, then massive dumps. |
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I really doubt Stamp has to resort to market buys to get that BTC. They probably can buy it in bulk from one of their partners. 19K is a lot, but not a crazy amount either.
I really wonder why you would put 19k in a hot wallet. Even when you have to transfer them to clients. 19k live ammo is a bit high. I would have kept much better safety with those coins. Yeah, agreed - no idea why they kept 19K in a hot wallet. |
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I really doubt Stamp has to resort to market buys to get that BTC. They probably can buy it in bulk from one of their partners. 19K is a lot, but not a crazy amount either.
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How do you think Stamp hack will affect bitcoin price when they open trades again?
Will price drops?
TY!
If this was 2013 or earlier, news like BitStamp hack would have caused immediate dumping on all exchanges, but there's only been a slight depress in the price following release of the news. If anything that suggests to me Stamp's reopening will not have any real effect, but who knows. |
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I just went on Coindesk, the first article is 'Why Some Bitcoin Exchanges Might Die in 2015'
Also, they probably don't work weekends.
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Doesn't sound disastrous, whatever it is. Already deposited coins not affected.
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If we see double digit Bitcoin in 2015 then I am quite sure that an Altcoin could have the throne up for grabs.
Crypto currency as a whole will suffer a huge setback if this happens. Yes maybe some alt will replace BTC but I wouldn't expect a resurgence for several more years, the whole ecosystem will have to start from scratch basically. |
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sold all my 180 btc at 278 hope i am not regret it  So you're 100% fiat now? You're going to regret it imo. |
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Looks like it has leveled out for now but if you look at the 1w charts its obvious Bitcoin is going to continue its downward spiral below $272.
Bitcoin value has come back to roost folks...get used to it.
If your not all fiat right now you will miss the reset when it hits single digits before starting the next bubble.
Single digit talk is just as ridiculous as the people expecting $10K last year. |
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It's just a great deal that they offer, don't think they will keep the Bitcoins.
As far as I know BitPay pays newegg in fiat for every Bitcoin purchase.
Well, with BitPay the merchant can opt to receive a percentage of the sale in Bitcoin, or even all of it. So you can't say for sure. There was a post on Reddit from one of the BitPay reps who said around 50% of its merchants were keeping some of the money in Bitcoin: http://www.reddit.com/r/Bitcoin/comments/2oypbo/bitpay_employee_here_around_50_of_our_merchants/ |
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Microsoft is not accepting Bitcoin for Microsoft products. Microsoft is only accepting Bitcoin for Microsoft partners who sell through Microsoft's online store system. From the Microsoft page: "You can only use Bitcoin to add money to your Microsoft account and then purchase digital goods at select Microsoft online stores. You can’t use Bitcoin to purchase Microsoft products and services directly at this time."
But they don't rule out the possibility, hence the "You can’t use Bitcoin to purchase Microsoft products and services directly at this time." Either way it doesn't matter, the fact Microsoft is associating itself with Bitcoin at all adds credibility, and - over time - is going to pique interest from a broader audience. I don't know if we'll see a huge rally now. That depends if speculators want to pump it. But long-term this is very healthy for Bitcoin. |
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It's pretty huge news considering majority of people run Windows on their PC. Microsoft is giving Bitcoin lots of credibility with this move. Newegg, Dell, Paypal are peanuts compared to them not only in market cap but overall reach.
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Bitcoin doesn't seem to respond so much to "news" Yeah. The USMS auction happened on June 27. In the 4 days prior the price dropped from 600$ to 560$, then recovered to 600$. After the auction it remained at 600$ for another 3 days, then shot up to 650$, perhaps on rumors that Draper had paid over market. But that 650$ was merely a return to the high of June 2-10. It may well be that those swings had nothing to do with the auction. Yes, but Draper has become a punch line since his bid and nobody is going to be dumb enough to high bid an uber ton of coins, again. You have these coins and the ones in Australia or New Zealand or wherever the f---, too. You basically are going to have roughly 50,000 more coins hitting the market at the same time that the Winklevi are trying, more or less, to dump their coins. This s--- is officially dead. I am opening a short. This s--- is beyond f---ing dead. Eh, 50K coins (not sure where you got that number from specifically, but anyway) is not a big deal in the grand scheme of things. We saw how fast the market ate up 30K coins at $300 |
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Gut feeling is that there's going to be a big movement upward in the next few days. I don't expect it to drop much lower from these levels.
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the topic title is pure FUD or OP is severely mistaken. Counterparty devs never issued this warning, from the looks of things it was a random person that dropped into their IRC channel.
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maybe he's not manipulating the market, and just wants to get rid of a lot of his coins
not a good way to do it. smart way would be to sell in random numbers between 50 and 100 every few minutes, that way you won't be detected - instead this guy makes a panic wall nope this isn't someone just selling coins, this is someone with another motive in mind. I think he just want to buy coins @299 (all panic sellers are creating orders just below his wall) Doesn't look that way to me. Not much selling going on below the wall, and around 2.5k BTC was taken from it already. He wants out. |
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SHIT JUST HIT THE FAN
CHECK SATOSHIS WALLETS
FUCK
Confirmed. Holy shit... RIP bitcoin. Even I didn't expect this! Link or it didn't happen Check block chain. Huge volume of coins being moved. Maybe, but what is this 'satoshi wallets' bullshit? Pathetic FUD? All of Satoshi's coins are in the early blocks... just checked and haven't seen any coins moved from those, definitely FUD. |
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Honestly there is NO REASON why BTC will rally from this area.
Huge trendlines are against it
There have been GREAT news regarding bitcoin but every rally gets sold off
Seems most of the coins entering the market are being dumped by multipools
I maybe be wrong but it doesn't look like this area will hold, it might go to $1000 one day but it will probably break $400 or lower.
Not selling any coins, as I'm a long term hodler. However, I feel like it's going to keep going down until some of these large scale mining operations are driven out of business. With the lack of buying pressure, whales are forcing miners to sell lower and lower. This isn't like the early days where miners could recoup their losses easily by selling off hardware (GPUs) either, as the BTC price slides their equipment gets increasingly worthless since it only has one purpose. Some of these larger operations must be scrambling to sell off coins. |
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Yeah right, the volume is pitiful.
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Someone finally took a chunk out of that 3k wall on Bitfinex.
kaboom Holy F*CK boys! the wall has been eaten!!!!    |
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