Just thought I'd add this one.  Apart from the week total volume trades mentioned above I would not have guessed without looking that every single day for the last seven was pink!  However I'd be impressed if the bears managed to turn today pink too.

So my question is how influential are Adam's wall threads on the market?  Was the settling of the brief uncertainty as to whether we were going to a new thread, to carrying on with the old or both the sign the market needed to have the confidence to start buying in earnest again?  Will Adam's decision to go with the new the sign the market needed to no longer worry about going below $50?

Thank you Adam for rescuing the Bitcoin market

On an (almost) serious note, thanks for flipping over to a new thread and for opening it to off topic too  I hope the new influx of bitcaintalk members (and us lot who may sometimes be prone to just post anything) won't make it impractically unwieldy too quickly.

Did they though?  Although difficult to get an accurate picture due to goxlag I'd got the impression it took very little money to take the price down a long way because the bids evaporated on the way down as people realised they'd be able to get cheaper by waiting.

Are you counting those who bought high and still didn't sell as having 'lost'?  Your confidence that the game's over does not make it so. I'd be interested in your reasoning or figures behind the 'lots of people lost a Lot claim.

The OP is misleading as it stands.  I knew the name but had to check it out.  Please make it clearer in the OP that the organisation Vessenes is referring to is Coinlab.  If that is his organisation then who are we to be outraged?  He can do as he pleases with it and can negotiate as he pleases with mtgox.  You don't like it go elsewhere.

It would be useful to know his position with regards regulation of the Bitcoin Foundation or regulation of Bitcoin in general but if the acceptance of regulation on Bitcoin exchanges in the US is inevitable then his business is likely to get much more co-operation and less of a headache from the regulating authority if he publicly shows willing rather than appearing to be dragged screaming and kicking to regulation for the sake of his libertarian audience.

Of course the Randians among us will be calling anyone who doesn't stand up and do a Hank Rearden a traitor to 'the cause'.  I find the irony quite amusing really that that element of this community would rather see those Bitcoin-related business pioneers sacrifice themselves to fight their libertarian cause than accept the realities of operating within the legal framework of whatever jurisdiction they happen to be in.  On the other hand all that is required of customers who are not happy with latest developments is that they withdraw their custom.

If what people are unhappy about is that ID details given to mtgox is handed over to the US authorities I would have thought it a little naive to think those details were going to stay locked up in mtgox records and never looked at by any authorities - and if it's one authority it's all of them!  I wonder what the small print of the mtgox ID process is?  I've not looked because I never did the whole caboodle with them.

It is another matter whether someone who (maybe for practical reasons) in public statements proclaims to be in favour of regulation for his own business would like to see (or would easily capitulate to) regulation of the Foundation .  So I don't see a problem with the poll question providing the issues that appear in the OP to have been conflated by the outrage are separated out and dealt with accordingly.

Having watched these charts for months now doing nothing but holding I was today toying with the idea of doing some trading but after a couple of times putting ask orders on that didn't quite hit before it went tumbling down again in the end decided to stay out of trading and once again to simply stick with my holding strategy.

It had taken me a while after we didn't get an immediate recovery after the big drop to realise the trading conditions since fall within my parameters for the first time (for me) .  Contrary to many here what I would be trading with would be my bitcoin because all the fiat I am prepared to risk on Bitcoin is already all in.  So the advice I was once given 'never trade into a falling market' means in the normal bitcoin bull market I would be trading into a falling fiat market.  Here though what we've had is a rising fiat relative to bitcoin.  But in the end I do believe it will turn around sometime and with a reasonable possibility of it happening quite quickly and sharply.  The risk associated with that, combined with my inexperience means I'll likely tomorrow return the temporary bitcoin funding I put on mtgox back to my wallet and go back to watching:)

Well done to all of you who are doing well from it and good luck to those playing it now.  I know by just holding I am contributing to the scarcity but I also appreciate what you guys are doing for liquidity

My apologies - I should have left it to those who know!

If this is about to take off again I may be late in thinking of another reason I like the price hanging around this 'low' for a while:

The businesses who are currently offering their services for bitcoin and who are not converting it all to fiat they have probably taken in around twice the bitcoin per dollar value sale in recent days.  When (if) it does go back to those levels it will give those businesses a nicely deserved boost - for both offering the btc payment option and for having enough confidence to keep some of the sales value in btc.  Nice

There's no 'buying option' on the mpex website because it trading is done via irc.  If you're needing to ask all these questions to work out how mpex works I would venture to suggest using a passthrough might be a better option for you.  There's also the matter of the 30btc fee (or 25 if you hook up with one of the existing mpex members who would get a sign-up bonus) so unless you're planning on investing heavily or doing a lot of trading mpex is probably not the solution for you.

I can't believe I'm sticking up for EM but it is the place for speculation and I'm beginning to think maybe sometimes even if it is a load of bollocks (and it's not like we bulls never come up with any ludicrous hypotheses) it may be a little healthier to get some opposing opinion into the mix now and again?  Dunno!

Nothing has changed in my reasoning behind my assessment of the probability of Bitcoin's future (which I wrote about a few pages back) and nothing has changed in terms of my strategy (simply hold till bright future, till zero or till something better comes along).  I always acknowledged and insisted to everybody I talked about Bitcoin with that it could go to nothing and that for it to be used as a transfer of wealth it doesn't matter whether its price is a penny or a million.  I knew and accepted the risk that I could lose everything I have put into it.  Yet at some level I had convinced myself that it wouldn't happen.  Now that possibility feels more real which I think gives me a more open perspective to listen to without laughing at the bears (I'm talking those with something constructive to say, not the trollers).

It's funny writing this seems almost like a confession which is actually quite funny.  Anyhow, talking of throwing things into the mix if anyone has any thoughts on this please fire away

It's not that he sells 'stuff' - it's that his bullshit FUD is the only thing that give most of this 'crap he's selling' any perceived value.  I don't believe those who claim he's intelligent and that his performances are 'just an act'.  I do believe he believes most of the bullshit he spouts - the same bs that conveniently dupes people into paying stupid money for stuff they don't need.

I agree with 'bitcoiners' he's a nut job.  But he's also a piece of shit.

But to get back to the positive side, anything he says that keeps his dumb-ass followers away from bitcoin is a good thing in my book

No, EM, I get the impression you are only 'constantly attacked' because of the provocative manner in which you 'speak out'!  Of course the combination of the ingenuity of the technology, the disruptive potential in undermining justifiably unpopular power bases, the excitement and enthusiasm in being involved with something that has the potential to make each of us rich and the fact so many of us spend so much time hanging out here and only being around other like-minded folk is bound to mean some of us are prone to get into cult-think.  However I think you are unfair on the many sharp-thinking individuals who not only write well here but are also out there taking their entrepreneurship and innovative qualities to making things happen.

I would warn you and others not to judge the whole of the bitcoin community by the tone, frequency of posting and loudness of some here

Of course I may only be thinking/writing this because I am also sucked in by the cult refusing/failing to admit I am brainwashed...  

Of course it's seriously dumb!  So are his followers - which is why this is the best news I've heard all day.  I have to say I haven't liked to see the likes of Max Keiser lower themselves to go on AJ's show and because I'm aware that those of us who have Bitcoin today are likely to be empowered relative to those who jump on board later on - and I really don't like the idea of AJ-heads being empowered by bitcoin. Their critical capacity must have been severely disabled to start with (whether by Bible belt schooling, parenting or whatever) but their minds are seriously crippled by the BS they repeatedly listen to till till they actually believe it!

Guns is one thing.  Guns in the hands of the mindless is another.  Guns and Bitcoin wealth in the hands of the mindless is something to be truly scared of.

Long may Alex Jones continue to believe and preach Bitcoin is part of the NWO conspiring to... (fill in the blank).  Long may his followers stay the fuck away from Bitcoin!

Thanks for the Betfair 'Flywheel' link.  Until you mentioned it I hadn't realised my period of trading on Betfair a while back was probably what had set my expectation level for a reasonable processing capacity for a trading platform.  I was not aware the fluctuation in demand and sheer volume had meant they actually had to develop an exceptional system.  Maybe it's too late for MtGox - maybe we'll look at them in a few years as the AltaVista that led the way for a short while - but surely some of the new VC-backed trading platforms that appear to be on their way to open this market up nicely should at least be looking at the principles behind the Betfair system.

As someone has mentioned before the likes of the NYSE, by having access restricted to brokers, have the luxury of not having hoards of amateurs jumping on trends at whim causing the kind of peaks in demand the Betfair system is designed to handle.  I'm no programmer but I kinda like where you're coming from with this cul.

Thanks both.  That clears that one up for me and is affirmed by looking at the upper chart of dooglus's pair for the same time frames where we can see the 1.9% edge line showing proportionally the same jumps over the same time periods.  I was under the understanding however that the primary reason for the massive drop after Feb was more to do with the disappearance of a 'whale' rather than anything to do with usd/btc.  But maybe ThickAsThieves, your assumtion has some merit in explaining the halving in revenue between the latter pair of periods.  This is not as obvious just by looking at the charts - which lazily has been my means of keeping tabs on how my investment is doing.

Me too.  I've had neither plans to buy nor to sell in a month - yet...!!

Keiser Soze?

No reason why not - and even as an SD stockholder I'm all for it because the more of the market share others take away from SD the bigger the incentive for SD to up their game.  Bring it on

If I've understood this right the 1.9 edge figure reflects the "BTC In" sum and the 1.9% line on the chart showing pretty flat tells me that 'BTC In' in is also pretty flat.  Have I missed something here?