someone clearly needed some fiat fast.
could be speculation by whales or some miners in need of cash without hurting market too much.
price was propped up good before to avoid slippage after the selloff.
without that we would have went down quite hard.
i'd tip miners...but that's just me talking

thought about that too. best way to avoid too much slippage

wall moved up to 75.35, or was it there before.
just started watching the show for 5 minutes.

edit: yea it got pulled

i wonder how high the fees are?

sure right now everything's speculation.
btc is a cripple kept alive with a mining sector, drug money and some nice punters and sometimes she gets beaten up by the FEDs or some bear takes a dump on her.

but i wouldn't be too sure that we will have only speculation and mining in one year from now...there is a market growing.

edit: even if it's just the drug sector. users are good customers

perhaps again another off-topic post (1st beer but no fishing this time),
it seemed to fit in the context:

one way for btc to become attractive for any big company is to get its own role as stable independent payment for all kinds of web -related services
(media, tipchar possibility for artists & kickstarter projects, shops for alternative lifestyle, fairtrade products
...would be good to push it with the fairtrade argument to hop on the new greeny train (with solar mining of course )
...some nice ads
e.g.: "What currency costs more blood - btc or us$? you have the vote in your hand!"  
power to the people and so on like an extended arm of SR  

At some point no big player could deny the sheer buying power it represents as a movement.

when amazon started their own coin for digital media i found the strategy really interesting to make a customer dependent
by luring him into a currency that can only be used to buy products by this specific company.
shortly after i heard rumors of apple planning also their own coin for itunes (patent for imoney  )
(i think it was that article...not sure though where i read it: http://www.coindesk.com/apple-to-create-virtual-currency-imoney/)

it's like they give virtual value away (weighed up by what is the question? fiat? ipads?...yea now for sure but in 10-15 years?)
to buy a part of their own client base and this is much more cheaper than taking any credit from a bank or paying dividends to shareholders,
and they know it's their cash in the first place.
With the flip of a coin every single person could decide to which company they give their fiat...and get some goodies in return

i wrote that some time ago and my theory is perhaps a bit off but it's like switching the stock market around to the consumer side
and every company could in this way literally "buy" shares of the the mass purchasing power as long as they can bait with treats.

sure that could be one of many ways how cryptocurrencies will evolve but the more i think about the more it seems possible how economy could integrate that tool into society and its market.

best place for btc would be to really represent a backup like virtual gold...
but for that scenario 1st world would need a hell of a depression.
therefore the story could also begin in smaller countries with huge inflation.
...
who knows

btc will be used and formed by society and economy depending on their conditions during phases of history...
(=highrisk-investment during times of crisis?)

excuse me for the monologue...got bit philosophical again give me a hint if this theory is way off ...time for a shandy

edit: thanks for
...overread that one

2nd edit: shit missed discussion by one page

wait...what timeframe are you estimating.

the question is if he's spending or holding his profit inside the economy to push the growth or if he cashes the fiat out like winning a sportsbet and spending it on hookers' n' blow (or some oth. hedonistic stuff )

funny thing at this point is that pure swarm intelligence based on faith in some new currency will decide if we will see more growth in the market around it or not.
as long as traders don't realize that with possessing bitcoins they have the power in their own hands to build a way for more adaption and bigger marketshare
which results in a more constant uptrend of price, as long will we see the volatility and the bubbles.

imo btc is a stock for an absolutely amazing idea and when you keep its worth inside its own market without cashing it out (unless you need fiat for electricity bills, buys for mining equipment or basic needs)
you can give the whole economy more power to become what it's all about...

...an accepted and stable global crypto-currency backed up by a big marketshare and giving everybody the possiblity to transfer value to any person on any part of the globe.

what's it all about when everybody invested fiat they don't really rely on in the first place?
(despite some true believers that really build the ground for more adaption)

edit: sorry third beer kicked in...aaaand it took 20min to write this ...and I switched into believer-mode during writing  
ergo i can't realize if i wrote nonsense and i stop drunken posting for today and go out drinking more to find out where that bottom is tomorrow.

and i really like that bounce at 70

only the whales can really decide when to call it a bottom and begin to buy in at some point.
the sheeps will follow their leader.
at this point you can only try following patterns if you want to trade.

People are known for their love of numbers so i see 50$ as a good psychological bottom,
but that's just my 2nd beer talking right now

lol
history repeats again...


edit: or not...bouncing time already over

yesterday price was pushed up from 73 to 83 in 5 hours.
perhaps that happens once again.
let's see what the whales have on their mind...
(http://www.youtube.com/watch?v=4LLbQ7WDh8c)

wtf...everytime i go fishing and i miss all the action.
last time i got my bids filled in the morning and could luckily sell at the bounce,
will it be same this time at 65 and we go back to 70 tomorrow?
my gut feeling tells me 50s on monday to be honest.

+1
most of us see btc from the 1st-world-perspective. it could be a good tool for such countries in many matters in the future, for example as a currency within a microcredit-system.

jep, it seemed to me like a human peer-to-peer financial system when i read that article.
that's still the big question mark for me how authorities would react if this becomes more common.
right now authorities in europe try to get more hold of  tax evasion (like in suisse, luxembourg or liechtenstein). at some point btc will be adapted for such procedures when people need new possiblities for avoiding taxes or laundering money .

doesn't quite fit the subject, but however i have to throw in that article
as it's a very interesting read about Hawala - an old method for trading money (that roots back to the eighth century)

http://mkshft.org/2013/07/thin-wire

me too.
I bought shares not more than 2 weeks ago around 3 btc per share.
loved to see the weekly dividend but didn't care about share price and today i start reading this blog again and it has nearly doubled.

felt just like a hiccup during my evening read through the blog

still some days left

+1
with "we" you speak of a small part of society that is well educated, aware of recent political and social changes
and thinks outside of the box and starts action at some point.
sure we can...but only if our ideas get some kind of mass adoption. and for that john doe needs to loose parts of his warm coat of consumption that constantly keeps him distracted.