And it begins

[gentlemand]

Threads like these make me happy. I realize that there are still way too many bulls and market has not capitulated yet. We still have some time to accumulate more coins! yay!

Is there anyone left to capitulate? If you're still a bull after 17 months of relentless downs then there's not much left to phase anyone. Maybe they'd capitulate if ASICs busted down their doors and shoved a cubic metre of chips up their anus.

[techgeek]

Oh Lord... this ship will sink even faster than expected now. With this exchange all the hacked and scammed coins can be dumped much faster. Prepare for free fall..

The desperation is strong with this one.

yada yada. People have lost interest in magic money a long time ago. Just try to talk to friends and family about it and you'll get laughed at.
As we calculated there are roughly 1.2 million btc waiting to be dumped by hackers and scam artists. This pressure is beyond anything even a big group of bitcoin fanatics can negate.

What about those who are already spent more then a million in VC money?

What about them? You think they`ll just say fuck it, lets just let it crash we can cover the loss anyways.

[ensurance982]

http://www.bloomberg.com/research/markets/news/article.asp?docKey=600-201504290300HUGIN___EUPRX____HUG1916185-1

The world just got a much easier way to invest in bitcoin. The 2nd half of may is going to be very very interesting.

p.s. This is probably what caused that spike on btc-e a few days ago.

also coinbase just launched in Europe, although it sounds like its still hard to go from coinbase--> european bank.  Still good news to hear!

It definitely is a good thing, the more competition, the better. But in Europe things didn't actually look that bleak. Europe has Bitstamp, Kraken, Bitfinex, Bitcoin.de, and maybe even some others I'm not aware of. The US still seem to be worse off, actually. Now we only need to break out of the downtrend

[gotmilk_]

GS joining the party... http://www.coindesk.com/circle-raises-50-million-with-goldman-sachs-support/

[goxed]

GS joining the party... http://www.coindesk.com/circle-raises-50-million-with-goldman-sachs-support/

That's fuel for the rocket.

[johnyj]

"XBT Provider AB (publ) är en del av KnCGroup, som är garant för certifikatet."

knc is dumping their coins 

[ensurance982]

GS joining the party... http://www.coindesk.com/circle-raises-50-million-with-goldman-sachs-support/

That's fuel for the rocket.

I agree. That's quite some amount of money. They wouldn't put that kind of money into a company if it was obvious to them (as experts in the field of investing) that the company or ecosystem of Bitcoin is going to fail.

[ensurance982]

"XBT Provider AB (publ) är en del av KnCGroup, som är garant för certifikatet."

knc is dumping their coins 

Well, they need some way to sell the coins they're mining. There are electricity bills and rental bills for their hangars they're storing their mining equipment in (are they still doing this!?). Buying directly at the source makes sense, this will also decrease selling pressure or at least take the edge off the weekend dumps.

[Hyena]

6 hours ago the price soared by 10$,  that's 3% rise! There's a realistic chance that we are going to see such surges every day now. It has happened before, we all know how it goes: slowly but surely the price goes higher every day until it turns into a parabolic rise.

[ensurance982]

6 hours ago the price soared by 10$,  that's 3% rise! There's a realistic chance that we are going to see such surges every day now. It has happened before, we all know how it goes: slowly but surely the price goes higher every day until it turns into a parabolic rise.

I wouldn't bet on 'every day', but the chance of the price going back up now is quite high. It remains to be seen whether this is due to the ETF, something happening on BTC-e and brokers(!?), or the $50m investment from NYSE, or the mere fact that we're leaving the bear market now.

[Hyena]

6 hours ago the price soared by 10$,  that's 3% rise! There's a realistic chance that we are going to see such surges every day now. It has happened before, we all know how it goes: slowly but surely the price goes higher every day until it turns into a parabolic rise.

I wouldn't bet on 'every day', but the chance of the price going back up now is quite high. It remains to be seen whether this is due to the ETF, something happening on BTC-e and brokers(!?), or the $50m investment from NYSE, or the mere fact that we're leaving the bear market now.

Yeah I might have exaggerated there a bit but the fact is that we have a very interesting situation here.


If the price doesn't go any lower soon then the weekly parabolic SAR is forced to flip (probably once and for all). Considering that 18th of May is the 3rd week from now and is also a bullish date then I think we have a realistic basis to speculate that the end of bear market is near.

[ensurance982]

6 hours ago the price soared by 10$,  that's 3% rise! There's a realistic chance that we are going to see such surges every day now. It has happened before, we all know how it goes: slowly but surely the price goes higher every day until it turns into a parabolic rise.

I wouldn't bet on 'every day', but the chance of the price going back up now is quite high. It remains to be seen whether this is due to the ETF, something happening on BTC-e and brokers(!?), or the $50m investment from NYSE, or the mere fact that we're leaving the bear market now.

Yeah I might have exaggerated there a bit but the fact is that we have a very interesting situation here.


If the price doesn't go any lower soon then the weekly parabolic SAR is forced to flip (probably once and for all). Considering that 18th of May is the 3rd week from now and is also a bullish date then I think we have a realistic basis to speculate that the end of bear market is near.

Yeah, if we indeed see a flip, it might be one of the stronger indicators for an end of the bear trend. I guess the most important thing is to cross $265 and subsequently $315 on some volume and for some time. Funny how quick things might change. It's make or break time now it seems...

[afbitcoins]

I'm not capitulating. I'm accumulating. Like a whale but little. Not even as big as a dolphin. An accumulating tiddler. kwuckduck and fonzie make me laugh. Are they the same person by any chance ?

[Zangelbert Bingledack]

Hi Zanglebert Thanks for that reply, thats quite reassuring. I thought about the transparency aspect a bit more after writing original version of my comment. In a way I'm not sure why people would buy an etf for bitcoin, I guess some people are just conditioned to do all their investing via one vehicle ie whatever sharebroker they like to use or something. To me I can't help thinking that surely if you are competent enough to buy share in an ETF is not really harder to buy some actual bitcoin.

ps nice to see you on the forums, feels like ages since we chewed the fat.

I think it will be a sort of temporary situation until people figure out the benefits of having their own storage scheme. I suppose there is a danger of somehow being able to pull off a 100x fractional reserve scheme, which is scary, but it seems pretty untenable.

Good to see you posting, too. I've been mainly in cypherdoc's thread, posting every few days or so recently. I post a lot of little stuff on reddit though.

[Zangelbert Bingledack]

Arrival of ZB is usually a bullish signal.

Last time I showed up someone said that, heh, but the price kept going down. However, venture capital took off like a rocket, so maybe that's a proxy for price for now. After enough of that, price should get its next turn. Money has never stopped flowing into the Bitcoin space for the past 2.5 years, but when those money flows decide to go into price and when into mining or VC is hard to predict. I'd like to see a chart showing all three and somehow show a kind of sum of all three. We might see a much smoother upward trend.

[Chef Ramsay]

I'm not capitulating. I'm accumulating. Like a whale but little. Not even as big as a dolphin. An accumulating tiddler. kwuckduck and fonzie make me laugh. Are they the same person by any chance ?

Not sure and don't really care as they both have been on ignore for quite some time. It's one thing to have a valid opinion but something totally different when you're being downright ridiculous.

[Chef Ramsay]

GS joining the party... http://www.coindesk.com/circle-raises-50-million-with-goldman-sachs-support/

That's fuel for the rocket.

Yeah, these carefully planned spurts of funding/good news are not so subtle winks that things are a changing so ya better grab what ya can.

[Nagle]

A publicly known future event is usually considered to be priced in. It's not a buy signal.

[lahm-44]

http://www.bloomberg.com/research/markets/news/article.asp?docKey=600-201504290300HUGIN___EUPRX____HUG1916185-1

The world just got a much easier way to invest in bitcoin. The 2nd half of may is going to be very very interesting.

p.s. This is probably what caused that spike on btc-e a few days ago.

I won't it is a good newz...but yes peoples are accepting day by day so its like a filmstat

[manselr]

It hasn't even begun. We still need the Winklevoss brothers coming up with Gemini. Once it starts, all those old, decrepid old money holders will get interested into BTC since they were never able to understand how to buy before, now it will be as easy as buying one of their precious Exxon or whatever stocks they like holding nowadays.