the bubbles are deflating less and less because its becoming more and more apparent what going on, digital money is the future, invest now, or you will be forced to work for 0.001BTC a month in a few years.  The guy who made it (a Belgian economist) thinks bitcoin will correct to 600-400 in the following months. you gotta be kidding me, if this doesn't follow the trend, it will just hit zero and flatline. I don't see much of a middle ground. |
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Interesting chart:  log charts dinosaurs or it didn't happen. |
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 Who is gonna dump first?  It would be sweet if stamp would dump hard and either eat, or scare away that wall at 800... He who dumps first, dumps best. (the rest all just get to sit around in the stink  ) |
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<snip>
Do you have access to Wells Fargo's 'Money Laundering Department'?
Exactly. The only ones with that kind of access are the CIA and the large drug cartels of mexico and the rest of central and south america. It's been proven. They plead guilty. They received a 1.9 billion dollar slap on the wrist. These small timers running something like silk road? Oh, they goin' ta jail, son. |
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Ahh, Mat, bitcoin doesn't enable money laundering. The ones that profit from money laundering are the ones that enable money laundering.
Some day you will get this. I can feel it.
It isn't the fire that burns, its the heat. It isn't the gun that kills, it is the person who fired it. It isn't the knife stuck in your guts that kills you, it is your arteries pissing out blood that finishes you off. Yeah yeah....but Bitcoin is a pretty good tool in the money launderers arsenal. Especially the small/medium enterprise money launderer that doesn't have access to corporate banking routes of money laundering...or even the large scale money launderer that doesn't want to pay the premiums of going through the conventional routes. You see! you are getting it! bitcoin enables the small/medium guys to have a chance in this world that is controlled top-down by a very few, at the very top. It will be a bumpy ride, so buckle up! *edit* quick thought, that overstock guy is one of the 'medium' guys... why do you think the price of his company's stock dropped so hard after he came out in favour of bitcoin? |
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<snip>
Lets face it, the #1 use of Bitcoin right now in the world today is shifting money around off the radar of the banking system. Don't say it isn't cos it is. Bitcoin started life as an underground curency and therefore by definition, its initial target users were always going to be black/grey market participants. Honest John Law Abider got in on the action through speculation, speculation which came to dominate Bitcoin transactions, but speculation which is built around a spine of black market transactions.
Ahh, Mat, bitcoin doesn't enable money laundering. The ones that profit from money laundering are the ones that enable money laundering. Some day you will get this. I can feel it. |
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you know the fact that poeple aren't dumping on the bad news from Russia, is very telling.
we've seen a overload of FUD this past month, and price is holding its own.
bitcoin is not some house of cards, that could topple over at any moment, thats for sure.
it use to feel like that, but now it feel likes bitcoin has passed the test, nothing can stop us now!
Well its somewhat a different FUD. People not selling @btc-e, because whats the point? If they will get shut down you dont get your fiat out of there fast enough, its kinda dangerous. So ppl just moving coins to wallets and other exchanges Have you seen the ltc dumping? I pulled all my crypto out of btce and moved to cryptsy last week to try and get in on the action. last night I tried to cash out into bitcoin and withdraw. The lag was so bad it would time me out of my session and make me log in again and start all over before I could even get a transaction done. Got my money out today though, not likely going back. btc-e is actually in trouble, i would recommend to withdraw from there, i did
btc-e, while it makes me feel squeamish sometimes, like it's a den of thieves or something, is miles ahead of cryptsy, and I just moved some btc back there in hopes of some bargains on ltc... no risk, no reward |
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Ah, distinctly I remember; it was in the bleak December,
And each dipping streak of ember brought the price through the floor;
And the sick and sad uncertain trending of that crimson curtain
Thrilled me - filled me with fantastic terrors never felt before.
Beauty. |
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but seriously dude? 500? really? on what exchange?
Intersango 500 GBP It is currently just 11GBP there so I win! (the bet was that Bitcoin holds up above $750 for the rest of Feb, Bitstamp until I realised that it was a skewed bet which sgbett knew of course to begin with) Well, I'm sorry MatTheCat, but until you learn to let go of your fear, you will not reach your potential. (kudos on last 2 near term predictions btw) |
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Hehe, I know nothing mr Fawlty. This is just me having a punt. It's about the limit of my 'day trading' speculation Actually, bet is off u shady lucker! As u well know, if BTC goes to $1000, I pay you $100. If it goes to $500, u pay me $50. Dishonourable contract null n void. unless u want to bet for equivalent amount in real money. (GBP, USD, EUR) Dude, it was a bad bet, everyone knew it was a bad bet as soon as you said it. If you choose not to pay out, who cares? (except sgbett, and I suspect he cares very little) If you can't sleep at night holding a long position in btc, and yet you can sleep well at night knowing that you have refused to pay out a contract in btc, then we will simply continue to agree to disagree. but seriously dude? 500? really? on what exchange? |
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mi nombre es proudyuan, i come to post of dos Latin Americas. in dos Latin Americas, much fear was spread by FUD y rumor of China ban on 31-Jan. Now es clear no such bad events will occur, so price rise es happening because average emotion based traders are jumping back in as they see las ship sailing and price rising. es not big whales causing price rise but many small fish swimming together, es good hombres. gracias
This is perhaps the best thing I've read in months. Thank you. |
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Confirmed Good News! Thank you to all the bears who have sabotaged the train in order to delay departure. My fiat deposit still has not cleared  |
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Bitstamp
Upside breakout scenario.
We are flirting and have been bouncing around $820 and there seems to be some form of resistance here, it is a little sticky..trading sideways into a channel around $820
If we go continue to go up from here we may go from this $825 (ISH) channel top we have been in trading sideways and go up to $840 -$858 then there may be some resistance
If we go up from there
$840- $858 then I think we could trade in-between there up to $880 -$885 and see more resistance, if we break that then it is set for hitting the $900 - this is a psychological resistance point..
If there is a break out and if we go past $900 and break $910 -$915 then it has a chance to go onto break $928 and from there maybe we see a real break for $945 - $970 - $991 + then things get intersting...
I see us going up , but ...
Downside scenario from this current channel I can see the possible resistance
$825
$817
$800 psychological
$775 ish
$757 ish
$749
??
Edit.... or for now we see more of this sideways tading within a channel $775- $820 until something goes bump in the night.
What analysis are you using for your price targets? Fibonacci? Maybe it's just because I've been on a holographic universe kick recently, but I'm starting to see fractals everywhere. This *feels* just like the aftermath of each previous spike/correction. As you scroll back in time on the charts, you just see the same pattern repeating over and over, just with smaller amplitude and longer time frames. It totally reminds me of those computer animations where they zoom in or out of the mandelbrot set... http://www.youtube.com/watch?v=0jGaio87u3A <- For best viewing I recommend you put your scrypt miner on pause and re-enable flash hardware acceleration or maybe that's just me. |
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*yawn*
just another weekend rally?
oh well, back to bed.
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1795
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Economy / Speculation / Re: When will bitcoin reach 1,000, 2,000, 5,000, 10,000, 40,000, 50,000, 100,000
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on: February 01, 2014, 05:12:09 AM
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it's a binary outcome. 1 or 0.
This will either succeed or fail.
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<snip edit to remove mis-quote>
30B ask wall at 890 on CaVirtex!!!1
Jan. 30, 2014, 3:24 p.m. 30.0000/30.0000 889.99998 26700.00 CAD
That's massive for our little exchange,
there was a 300 BTC wall at 875 the other day. I know it was partially eaten, i have a feeling it got pulled and the guy figured it was smarter to split up the order Interesting. So is it the same guy you think? maybe someone like davincij15 cashing out? (*never mind, I guess he already moved to Chile*) or is it just all the ATM's cashing out? http://www.huffingtonpost.ca/2014/01/26/bitcoin-atm-canada_n_4661974.html and also small local bitcoin stores cropping up all over. http://bitcoinbrains.com/ http://www.bitcoiniacs.com/ After watching those NY hearings, I'm hoping that Canada will be smart and take a hands-off, wait and see approach to bitcoin. |
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LULZ EDIT!!!1 this was what I meant to qutoe. near 500 bid wall in 4860s on huobi....people market buying.... and pulled.  30B ask wall at 890 on CaVirtex!!!1 Jan. 30, 2014, 3:24 p.m. 30.0000/30.0000 889.99998 26700.00 CAD That's massive for our little exchange, *edit* cool! somebody just took a bite! Jan. 30, 2014, 3:24 p.m. 29.8167/30.0000 889.99998 26536.86 CAD |
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had some fun with charts.   I can't find the coin cheapness indacator on bitcoinwisdom?? where can I find a place that charts this indacator? It is the most accurate indacator for deciding when to buy and sell that I have ever seen! |
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What are folks planning on doing with themselves if there are months of sideways movements? Will you dabble in altcoins? Start a Bitcoin business? Drive yourself to despair trying to trade a $700-850 gap or just set an alarm for when there's an explosion?
I've realised that excitement in either direction is what's keeping me here more than financial gains, not that they're to be sniffed at.
During months of stagnation I do pretty much the same as usual. mine coins, hoard 90% and send the rest to the exchange for speculation. The only thing that changes is that I tend to sell more coins during these times in order to keep my exchange account roughly balanced so that I'm ready for the eventual move to either side... |
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Happy Chinese New Year. Wonder where the horse will take us, but I am very tempted to go all in at this time.
I think I might wait for the year of the Goat I'm so waiting for this. I'm going to have to host a massive party somewhere  Looking forward to RSVP'ing my invitation! |
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