That's generous, I hope Hero Members aren't responsible for too large a share of the page views.

Thank you. While the ads really aren't anywhere near as annoying as conventional ones, it just gets kind of old to me seeing the same things again and again. Who knows, maybe I will actually want to bring them back because I want to see what's going on in Bitcoin world.

Maybe next time.

Is it possible to make ads optional for donators/VIPs?

In regard to "it's impossible that there could not be a singularity in Bitcoin infrastructure, it is simply too profitable", again:


The same opportunities (ten to hundredfold even) were given in 2011, and yet noone cared. But this time it's different.

Here is a Bitcoin chart depicting how very long it took to exceed the $32 top (at least in reptardia singularity terms):

I said "in some other variation". Similar things could occur with the Bitcoin client network (see blocksize limit) for instance.

Also, while MtGox is throwing over a little crumbs for the other exchanges, I don't see it losing its status as #1 exchange anytime soon. In 2011, Tradehill popped up and took some of MtGox's market share. Tradehill vanished. A couple other exchanges that were highest in volume following MtGox got hacked or closed due to legal trouble this year.

It's too bad, but there is no singularity in Bitcoin infrastructure and it will be a limiting factor for quite some time.

Anyway, we should settle it and maybe one of us will remember the 300k USD prediction in December 2013 and laugh at the other.

And who is to say this might not happen again, but for instance with "Bitcoin is illegal and it's dead"? Remember that those sentiments only are created once the price has already fallen for a longer time. Bitcoin was only declared dead by Wired near its very bottom at 2.

I'm willing to bet that we are going to see 4 digits within a few years, but boy, do most of the newcomers here have unrealistic expectations.

Here's a bottleneck for you "singularity" guys that ultimately limits the height of parabolic rises: Infrastructure. Remember when MtGox had an order queue of up to 75 minutes filled with market sells? Think this can't happen again in some other variation? Think again.

Can you tell me where this "Bitcoin time" was when the price topped out June 2011 for nearly 2 years and lost ~94% of its value within 5 months? Sure sure, we will go way beyond 300k USD by Christmas 2013.

Date Registered:    10-04-2013, 11:37:30

Oh, that explains it.

Hahahaha. I'll bet you 1:10 that Bitcoin won't hit new alltime highs until the end of next week (until begin of Monday, UTC). Let me know if you are willing to do that, and how much volume (denominated in BTC). Source should be mtgoxUSD.

Bitstamp's volume in relation to MtGox further decreased to about 1/4 as trading began to pick up.

I've always seen Bitcoin as Gold 2.0. Or Super Silver.

I wonder how gold bugs reconcile that everything has been going up while gold declined? How does that make sense if it's supposed to be an inflation hedge? Do they just resort to "manipulation" in the paper markets?

cypher, when will we get Gold parity?

As can be seen, once volume picks up, MtGox's volume rises in relation to bitstamp. While bitstamp used to be 50%, it is now 1/3.

MtGox leads the price, the others follow. MtGox is obviously still king.

But I've been bullish for a while already.

I was more referring to the long term, I don't know yet if we can rule out a bear market. If we do get one, I'd see it as an opportunity, and I'd trade that to accumulate more. Just recognized that some of the things I was caught up with (Cripple, Blightcoin and other scamcoins, blocksize issues) really are nothing but distractions at the current stage.

Thing is, I've been ignoring the news during the entire parabolic rise to trade the crash, so I'm only now kind of catching up with the state of things, and it appears the network effects in play are strong, so I think my bearish fundamental bias was unfounded. I honestly believed the rise might practically kill Bitcoin. This network effect is evidenced for instance in persuading the Humble Bundle and the EFF who have been reluctant for a long time, thanks to Coinbase who were recently funded $5 million and Bitpay who received $2 million. For all intents and purposes, Bitcoin is already the currency of the internet.

So, now, I'm kind of back to where I was when the price was at $13, mentally, and willing to be more of an investor again if the technicals align. I believe that Bitcoin has a good chance of seeing 4 digits within the next couple years. Hell, make it gold oz. parity.

Found something better: http://www.chartpatterns.com/flagsandpennants.htm

Bull flags are downtrending channels. You're thinking of a bear flag.

Nothing stops this train.

Nothing.

That's cool if you trade so little that you don't incur costly slippage there. Buy 1k BTC and you'll send the price to $1000 there.

Sorry guys, MtGox isn't going away and it actually makes sense for the market to heavily allocate resources to them. They are likely the only ones who can remotely afford to deal with all of the regulatory bullshit in the US.

Now this is a true bubble.

MtGox has historically had higher prices because a) money is (or used to be) easier to transfer to MtGox and b) MtGox leads the price in times of volatility.

I never paid attention to it when MtGox lead the prices falling though. I would assume it is the opposite then?

Have we crossed the chasm yet?