[2014-05-25] Price of Bitcoin Surges Significantly Past $550 This Weekend

[bitsmichel]

Falcon Global Capital is seeking to hire lobbyists to promote bitcoin in Washington, DC. The investment firm will provide “education and understanding of bitcoin and other crypto-graphic based currencies”.

https://coinreport.net/lobbyists-falcon-global-capital/

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[Silly Money]

It'll probably surge back down soon too  . Hope it doesnt though. Not sure how I feel about lobbyists being hired.

[Cryptopher]

The lobbyists will be useful, if educating governments is what is required. Hopefully it will have a positive effect.

It'll probably surge back down soon too  . Hope it doesnt though. Not sure how I feel about lobbyists being hired.

I'll give you heads up when I buy back in, that will be the definitive sign for a drop in the BTC market price. Trust.

[bryant.coleman]

It'll probably surge back down soon too  . Hope it doesnt though. Not sure how I feel about lobbyists being hired.

I don't think that it will dip any further. The decline which happened during March-April was solely due to the Mt Gox fiasco. The effect of the Gox robbery has almost completely waned by now.

[Cryptopher]

It'll probably surge back down soon too  . Hope it doesnt though. Not sure how I feel about lobbyists being hired.

I don't think that it will dip any further. The decline which happened during March-April was solely due to the Mt Gox fiasco. The effect of the Gox robbery has almost completely waned by now.

Waned, now poised and rearing for some timely FUD from elsewhere no doubt. Pure manipulation. It's great if you can cash in on it, short where necessary and that, but I think you're right in respect to Bitcoin being past some of the toughest news.

[fryarminer]

The lobbyists will be useful, if educating governments is what is required. Hopefully it will have a positive effect.

It'll probably surge back down soon too  . Hope it doesnt though. Not sure how I feel about lobbyists being hired.

I'll give you heads up when I buy back in, that will be the definitive sign for a drop in the BTC market price. Trust.

I thought I was the only guy with that problem! haha! I haven't bought bc I don't want it to tank again!

[Cryptopher]

The lobbyists will be useful, if educating governments is what is required. Hopefully it will have a positive effect.

It'll probably surge back down soon too  . Hope it doesnt though. Not sure how I feel about lobbyists being hired.

I'll give you heads up when I buy back in, that will be the definitive sign for a drop in the BTC market price. Trust.

I thought I was the only guy with that problem! haha! I haven't bought bc I don't want it to tank again!

We are legion, for we are many. We are the heroes who carry the weighty turds of whales on our shoulders, until we give in and sell our coins at the bottom, back to the very whales that shat on us in the first instance.

EDIT: Corrected typo: weight -> weighty

[fryarminer]

We are legion, for we are many. We are the heroes who carry the weight turds of whales on our shoulders, until we give in and sell our coins at the bottom, back to the very whales that shat on us in the first instance.

hahaha!! That's one way of looking at it! I think I'm just extremely unlucky when buying! I don't sell low though. I do get lucky with selling miners though.

[Cryptopher]

We are legion, for we are many. We are the heroes who carry the weight turds of whales on our shoulders, until we give in and sell our coins at the bottom, back to the very whales that shat on us in the first instance.

hahaha!! That's one way of looking at it! I think I'm just extremely unlucky when buying! I don't sell low though. I do get lucky with selling miners though.

That's not too bad then. I've sold at a bottom before, was a terrible feeling. Never quite been that guy who sold at the absolute low, usually just above that.

Do you not use charts at Bitcoinwisdom or similar? Even when the charts suggest to buy, it's still having the balls to place the buy order - which is the stage that I usually back down at.

[bitsmichel]

We are legion, for we are many. We are the heroes who carry the weight turds of whales on our shoulders, until we give in and sell our coins at the bottom, back to the very whales that shat on us in the first instance.

hahahah how much btc to own to be considered a whale? 

[Cryptopher]

We are legion, for we are many. We are the heroes who carry the weight turds of whales on our shoulders, until we give in and sell our coins at the bottom, back to the very whales that shat on us in the first instance.

hahahah how much btc to own to be considered a whale? 

Good question, I'm sure that I've seen a debate about this on the forum before. Hundreds? Maybe thousands?

Usually what might appear to be a whale on the exchange may well be a few people in collusion, but sometimes the market depth changes that quickly that it is hard to tell.

[Faince1985]

It'll probably surge back down soon too  . Hope it doesnt though. Not sure how I feel about lobbyists being hired.

it's positive for bitcoins it's good (i think?). That's a part of the mainstream use

[helmax]

someone is manipulating the price

[Cryptopher]

someone is manipulating the price

Well I never. Somebody or some persons manipulating the price of Bitcoin, never would have thought it

Seriously though, you're right. This is going to come tumbling down, filling the pockets of whales and those fortunate to act fast enough with lots of coins.

Not sure how far it will fall though, but it will be beyond 'correction'.

[helmax]

It is impossible to have these spikes in price
is not because amsterdam festival bitcoin
because the market hasn't grown continues like a month ago

some persons manipulating the price like bitstamp blf knc bitpay real fat persons

[Cryptopher]

It is impossible to have these spikes in price
is not because amsterdam festival bitcoin
because the market hasn't grown continues like a month ago

some persons manipulating the price like bitstamp blf knc bitpay real fat persons

I think that the manipulation is in light of many people expecting another bubble around now, so that means people buy into it. The smart whales, as always, guide the price in the direction they please.

However I've seen some sell walls get eaten really fast on Bitcoin Wisdom due to momentum.

[open-mind]

Falcon Global Capital is seeking to hire lobbyists to promote bitcoin in Washington, DC. The investment firm will provide “education and understanding of bitcoin and other crypto-graphic based currencies”.

I like this idea!
You ask me why? Because. Bitcoin. All over the world.

[bryant.coleman]

Waned, now poised and rearing for some timely FUD from elsewhere no doubt. Pure manipulation. It's great if you can cash in on it, short where necessary and that, but I think you're right in respect to Bitcoin being past some of the toughest news.

Any one who short-sells now is taking extreme risks. Time for short selling is over. The opportunity was there, when Bitcoin was trading at $350-400 levels. And FUD from elsewhere..... what else can be as bad as the Gox robbery?

[notthematrix]

bitcoin is a perfect hedge against inflation , using bitcoin to store is better then a saving account.

http://en.europeonline-magazine.eu/ecb-ready-to-act-to-combat-weak-inflation-says-draghi_337926.html

[Cryptopher]

Waned, now poised and rearing for some timely FUD from elsewhere no doubt. Pure manipulation. It's great if you can cash in on it, short where necessary and that, but I think you're right in respect to Bitcoin being past some of the toughest news.

Any one who short-sells now is taking extreme risks. Time for short selling is over. The opportunity was there, when Bitcoin was trading at $350-400 levels. And FUD from elsewhere..... what else can be as bad as the Gox robbery?

There is always an opportunity to short when the market is volatile, even in an up-trend. You're right, it is risky, and the gains are less, but if you're switched on you can sometimes get in there before people figure that it's a bear trap.

Eventually there will be something that will bring it down again, Gox was damning, and its legacy still lives on, fortunately the majority of its effects have been priced in and brushed over now.