Rally!!!!!

[proudhon]

Awesome, the rally seems to be slowing down, the $6 wall tripled over the last 3 hours.

I'm sure we'll see it grow into the 30,000+ size in the coming days.  I don't see the price moving beyond $6 for some time, and I still think there's a good chance we've already seen the 2012 high.

[1713971725]

1713971725

[1713971725]

1713971725

[1713971725]

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[1713971725]

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[SgtSpike]

[SkRRJyTC]

Yup, pack it in folks... the rocket crashed... 

[molecular]

Awesome, the rally seems to be slowing down, the $6 wall tripled over the last 3 hours.

I'm sure we'll see it grow into the 30,000+ size in the coming days.  I don't see the price moving beyond $6 for some time, and I still think there's a good chance we've already seen the 2012 high.

have you been dancing with the bears again?

[Realpra]

... or European bitcoiners fleeing their euro inflation - that might stick.

Looks like it, although that would be exceedingly stupid. The Euro is relatively stable now. There was a time when it was about to implode - incidentally precisely at the time when Bitcoin was at it's low point last October or so.

I doubt it's worries over sudden currency collapse (which is unlikely given the sheer economic mass that is Europe), that will happen more slowly.

What they are more likely (sensibly, not stupidly) worried about is capital controls.  If I were Greek facing the possibility of 100% of my savings being locked up, I think conversion to bitcoin and the subsequent risk would be worth taking.

Take me; I'm in Denmark and our currency went way up when Greece started crashing - but THEN our national bank sold loads of our currency in order to peg us to the dropping euro.

I was basically robbed. I may not hold a bunch of money, but maybe someone with more thought like me.

Euro collapse of course will not happen, just slow theft.

People call BTC insecure, but its pure math. It doesn't matter how little faith the market have in them, how politicians want to stabilize things or what happens; its just THERE.

Your wallet will never default or close your account.

Unless you have a secret spot to bury your physical gold bitcoin is even safer than that as gold has been confiscated before.

When Greece, Italy and Spain defaults what IS safe?

I only wonder who accepts fiat for their BTC at such low rates as we have today.

[MoneyIsDebt]

What is the effect on the price, that is it almost instant to transfer bitcoin to mtgox, while putting dollars in takes days? Does this cause some downward pressure? And is such an effect more noticeable when the market is moving fast?

[Otoh]

The Euro will break up not because of PIIGS leaving & it starting to turn to PIIS, but because Germany will walk away ~ game over  

[bracek]

are those bought coins leaving the exchanges ?

[molecular]

are those bought coins leaving the exchanges ?

how would this matter?

[bracek]

are those bought coins leaving the exchanges ?

how would this matter?

if they are withdrawn from buy/sell "circulation"
that is certainly more bullish than if they are just sitting and waiting for a small price rise and quick profit

there would be more implied "faith" if coins were leaving the exchanges,
because they are more probable to be actually used for something

so, are they leaving the exchanges ?

[realnowhereman]

The Euro will break up not because of PIIGS leaving & it starting to turn to PIIS, but because Germany will walk away ~ game over  

Germany walking away would probably be good for the Euro.  It would allow its value to more correctly represent the economies of the remaining members.  Germany is the giant elephant in the room.  It's holding the price of the Euro too high for the less productive countries to be able to compete.  If Germany left, a massive devaluation would be like the PIIGS instituting instant and massive spending cuts (since everyone effectively takes a wage cut).  That's exactly what they need to get themselves out of their hole.

[proudhon]

are those bought coins leaving the exchanges ?

Mine are.

[LightRider]

http://www.youtube.com/watch?v=ELEwjVRxxGE

holy shit!!! THANK YOU!!!

I would offer

Hayek vs. Keynes


and

round 2

but I like yours even better

Interesting videos, thanks for sharing.

[adamstgBit]

http://www.youtube.com/watch?v=ELEwjVRxxGE

holy shit!!! THANK YOU!!!

I would offer

Hayek vs. Keynes


and

round 2

but I like yours even better

Interesting videos, thanks for sharing.

here's another "Interesting" video
http://www.youtube.com/watch?v=YnK2SBovBCs&feature=youtu.be&t=4m20s

[bb113]

http://www.youtube.com/watch?v=ELEwjVRxxGE

holy shit!!! THANK YOU!!!

I would offer

Hayek vs. Keynes


and

round 2

but I like yours even better

Interesting videos, thanks for sharing.

here's another "Interesting" video
http://www.youtube.com/watch?v=YnK2SBovBCs&feature=youtu.be&t=4m20s

haha wtf?

[bitdragon]

the Euro in all its glory:
http://www.dailymotion.com/video/xril4x_nigel-farage-pas-assez-de-canots-de-sauvetage-sur-l-euro-titanic_news?start=16

You just can't make this up.

[Vladimir]

the Euro in all its glory:
http://www.dailymotion.com/video/xril4x_nigel-farage-pas-assez-de-canots-de-sauvetage-sur-l-euro-titanic_news?start=16

You just can't make this up.

back to ya http://www.youtube.com/watch?v=1GrxHDyXyj8

Brits kick ass.

[bitdragon]

the Euro in all its glory:
http://www.dailymotion.com/video/xril4x_nigel-farage-pas-assez-de-canots-de-sauvetage-sur-l-euro-titanic_news?start=16

You just can't make this up.

back to ya http://www.youtube.com/watch?v=1GrxHDyXyj8

Brits kick ass.

They do. I quite like Mr. farage. He helps to take this with a pinch of salt and some humour all while making a very bullish claim for bitcoin.

[interlagos]

Since we started posting videos, I thought I would share one more
http://www.youtube.com/watch?v=8LQp7Or1GNU
It was recorded before 2005, guess what "new systems" he is talking about.

[herzmeister]

"If new systems are in place, by people who are excited and creative to put them there, then, when the other system collapses, it won't matter, for those that have prepared themselves will not feel a negative effect."

Wow, wonder who they are talking about.