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May - An all-inclusive resort in Cypress begins offering vacation packages including airfare, hotel, and all your food and drinks for a single lump sum fee payable in bitcoin.
Seriously, I think there will be a huge market for bitcoin vacations. I was talking with my Dad who just got back from a vacation and he said his bank charged him 7% to exchange his money, and then they wanted to charge another 7% to change it back! (he just kept the leftover funds for his next trip)
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It's "strogn hadns" not hodlers
Do I count as week hadns if I bought everyone I know stuff using Bitcoin? Yes. The proper move is to give everyone you know bitcoins, instead of "stuff". I actually, for the first time ever, decided not to buy anyone any Christmas presents this year. Tomorrow, all my friends and family will get the option of the money of the past, present, or future. Everyone gets the option of a 1oz silver coin, a fifty dollar bill *CDN, or 0.1 bitcoin . What do you think? Stupid idea? Anyhow, have a very merry Christmas everyone! |
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The downtrend line is at ~ $700 (gox). It's broken. The longer this remains the case the higher the probability of a trend change.
Not anymore. It went above 700 for a little while on no volume. 700 is looking more significant than I originally thought. Price broke above, but could not reach 750+ level escape velocity. Price breaks below, but quickly returns to test 700 as resistance once again... Market seems undecided. |
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Pump and dump has been happening since april of 2011, just sayin'
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Looking very much like a trap yeah.
yeah, but if the price touches 700 and bounces up? then what? (I'm only looking at gox numbers just for clarity) A bigger trap? very possible, My immediate feeling is neither bearish nor bullish... more like cautious. eidt, it really looks like it''s about to fall tho... edit, china already falling, is this a fake-out? <-wrong, did not see that china had recent lower low. my fail last edit: If it breaks down below that 700 level, we are back into the long slide. the move to 730 was fun while it lasted tho. |
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Looking very much like a trap yeah.
yeah, but if the price touches 700 and bounces up? then what? (I'm only looking at gox numbers just for clarity) (edit* I should really figure out how to time stamp edits, but... there is heavy pressure just above 700 right now, heavy downward pressure, this is quite exciting,) |
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shitthatneverhappend.txt
whateverdude.getfucked |
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What's going on right now? I have a lot of fiat on the sidelines that I cannot decide when to put it. I would like to buy in at or below 570 as I sold off a lot at that point hoping to average down
I'm not a pro trader, but to me it looks like we just broke some kind of minor resistance at 700 and I expect we should come back and test 700 as support. If we bounce off to the upside, we could see a significant move higher. If we fall back through, then it was just a failed move. Unfortunate that you were not able to get your fiat in during the dip on Dec 18, and it's impossible to predict what will happen next, but around the 750 level seems to be significant support/resistance and if we break through that to the upside, then I think the train is back on track  (*edit: now fighting between 730 and 710, starting to smell like bull trap 2nd edit, now seriously testing a 710 support, I'm expecting that the price will eventually go through that floor and next support =  LOOK OUT BELOW! lol |
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there's not much more room for bitcoin to go. Next level is regulation and mainstream (which defeats the purpose of its existence anyway), which is a huge step forward. 40% of americans already know what it is. Ask someone on the street if they think bitcoin is a big deal. Answer is NO.
So the dilemna with bitcoin is that for its price to skyrocket it has to abandon its roots. Basically, bitcoin is kind of like a joke right now.
40% of Americans know what it is, or they have heard of it? These are very different statements. It's basically the same thing. "The same thing?" yeah right. Hearing about bitcoin and knowing about bitcoin are definitely NOT the same thing. This reminds me of some guy who looked over my shoulder while I was standing in line showing my buddy some charts on my phone. Here's how the conversation went down: - Random guy "oh, you do TA?" - Me "Not really, I just kinda watch the price." - My buddy "yeah, he makes bitcoins!" - Random guy "oh yeah? I heard about that, what's the price at?" - Me "Thousand bucks" - Random guy <blood draining from his face> "... and how much you make per day?" - Me "Only one or two" - Random guy "..." at the end of that, the look in his face, I will never forget. I seriously thought he was gonna stab me and try to steal my bitcoins. Lesson learned, I don't mention bitcoin in public anymore. |
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I've said it before, and i'll say it again:
The trading market (most of you guys in this subforum basically, no offense) are the reason for Bitcoins volatility.
You are mental. Unless a trader is big enough to intentionally create volatility in the market in order to provide profiteering opportunities (and I am sure a good handful of these guys exist), traders bring liquidity to the market. Who else is buying on the downslides or selling on the upsurges? Without traders, Bitcoin would be infinitely more volatile.........dare I say it? Yeah, I am gonna!.....   DUUHHHRRRRR!  Agreed. I simply sell higher, and buy lower, than whatever the price currently is. I'm simply providing liquidity (admittedly a pathetic drop in the bucket, but still.) |
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I want bitcoin to succeed so everyone can be rich.
Not sure how that's possible? Tell us more... Point Taken. It's not possible for everyone to be rich. In fact if bitcoin were to succeed and we were to cut out the international banking cartel, those that benefit from the current system that would stand to lose a great deal, but in the long run I think that most people would be richer. |
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Exactly, miners shouldn't be thinking in dollars anyways.
I paid 11 btc for mine and they say it's gonna do 3 TH
They said the last one would do 400, mine does 560.
I think it was a good bet.
By the time Neptunes are delivered, difficulty is going to be at least 10x higher than it is now. That means when you actually start mining, you'll only mine .1 btc per day, and it'll only go down from there. It's going to take quite some time to earn back those 11 btc. I hope it's not quite that bad, I've become accustomed to earning at least 1 per week, just before my first avalon arrived, I was all the way down to .1 per day. I remember how that feels, I don't wish to return to those lows. That is why I dropped 11 on the chance... BTW even at a ridiculous 70 btc my Jupiter is very slowly approaching 50 btc paid back! which is much better that I had thought it would do. I think most people that post what the difficulty will be at some timeframe in the future are not miners. When you run a mine, you are going off actual data, not calculators. |
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I don't usually read revans' threads, but when I do, I'm prefer to find a diamond in the rough. I'm not sure hoping that speculators lose everything is a particularly kind world view. It's rather destructive to the soul. Totally destructive to the soul. I don't want bitcoin to succeed because I want to be rich, I want bitcoin to succeed so everyone can be rich. |
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To me this feels a lot like it did after the first boom.
price shot up to 30, came back to ten, some people didn't want to believe it was over and it came back to around 15? and then down to 2.
I remember some pretty sobering times while the price just festered in the five dollar range.
Just to put up a guess, I think we are looking forward to an awkwardly long time in the 400-600 range. I would guess we won't see the next "skyrocket" until May 5 2014.
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Well if you bought a batch1 Neptune on day1 you locked in a BTC price of about $840
If you waited a few days the BTC was even higher
Yesterday BTC was under $600 on bitstamp
Exactly, miners shouldn't be thinking in dollars anyways. I paid 11 btc for mine and they say it's gonna do 3 TH They said the last one would do 400, mine does 560. I think it was a good bet. (*edit for clarity: I think the Neptune for 11 btc is a good bet. Not the Jupiter that I paid 70 btc for and everyday as I walk past it, I call it my seventy-thousand dollar mistake...) |
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Any publicity is good publicity. Especially when it is all so lopsided. I would say the ratio is 1:9. One positive bitcoin article versus nine negative.
Actually I have had Google News feed on my phone since June for "Bitcoin". Have read every single article that has come out, every single day since then. If you were to compare negative to positive articles just three months ago ... it was like 15 negative 1 positive. Now I see many, many positive articles. Its almost surprising, despite the current crash. All the serious shit talking was a few months ago when people didn't know what it was. Now a lot of the trolling shit talkers in the comments sections have shut up ... and a significant number of articles are positive or neutral. Much better than it has been. Hmm.. smells fishy. There was negative news just before a move from what? 200 to 1200? OK. And now there is nothing but positive or, at worst, neutral news? Got it. I think I need to try that app. |
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I was waiting for that. Thank you. Damn, I miss the 90's. |
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That's savage. It looks like an impact drill. I know they do some crazy self-mutilation rituals in some places but man, if that tool is what I think it is, (looks like a Makita actually) that's a jackhammer with a spinning drillbit on the end, and would not feel good pressed against your head. The internet continues to amaze. (*edit: yes, I am currently hodling.*) (*edit2: on second look, it looks photoshopped. I would love to see the original if anyone has.) |
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Bear self-doubt and bull self-confidence?  This is mostly bull-only forum I know only like 3 intelligent bears here, and they are short-term. And no wonder really; one look at the graph says all. Only during the bearish period here, in 2011, it was somewhat balanced, many were uncertain if bitcoin price would recover or not. Now that question is pretty much answered. ninja question for you piramida: Do you think we will see another prolonged slide? perhaps up to 1 year or more? similar to 2011 slide where we did not re-test old highs until like a year and a half? sorry to spike that on ya, but I'm hoping you're still up. |
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