So how long before the price manipulators start selling?  Next couple of hours, right?  

That's some high end custom trade data analysis software you're running.  Really highlights the trends.  Love it.

Bit of a daft chart. Why not extend those purple lines back to Arpil/May - then they would look almost flat and pointing at the current price!

The proposed ETF is a positive statement of intent IMO. The Winkelvii aren't going anywhere. They're market making.

Bitcoin is not nearly liquid enough for big players. A listed ETF could represent a bona fide, legit trading opportunity (notwithstanding taxes and fees - which, incidently, evidence legitimacy!)

I predicted a stable $65 a little while back, but I don't think it's imminent.  Plenty more ups and downs to come.

You, on the other hand, are like the guy on the street corner harrassing people with his "end of the world" sign.

Countdown to him dumping his coins?

Murke just got better

You should all chill and watch the coindesk BPI instead - a much tamer $750 at the mo.

Agreed. All I need now is 1000btc.

I'm still wondering how they got the coins. If he's claiming them back, it suggests he didn't hand them over (i.e. as part of deal). So, weak password?

We need a bot that auto posts choo CHOO pics on any sustained price increase pls

Does anyone do "choo choo motherfuckers" t-shirts?

Mofo is a US law firm. I'm not kidding. mofo.com

Works for the t-shirt though!

I'd really like a vintage, faded look T. This might have to be a custom design job.

Possible secondary tag line: Trains in space!

Not for T, just for amusement:

New thread required.

I think I don't recall seeing a Tiger Direct rumour, otherwise I might have bought.

Merchants don't fucking care, they're using BitPay.

If Overstock sales went down it's because the initial rush of bitcoin buyers has passed.

And anyone with substantial holdings of BTC almost certainly acquired it more than a few months ago (ie when BTC was < $150). In the context of the gains made, the exchange rate has barely moved.

But you just said people had stopped spending because rates had gone down. And that merchants would now think twice. So are you saying $900 is the magic number for you and others to start spending? Or are you holding regardless?

I have nothing against you holding, btw.

To be fair, you're taking a bet that e.g. the US government won't ban the use of Bitcoin in the US. Look at India and China, for example. Bans can be quite effective. If the US government banned Bitcoin tomorrow - not beyond the realm of possibility given the US Treasury Secretary's recent remarks and the difficulties regulators and the IRS will have addressing Bitcoin - it simply will not have the chance to grow to the size you want it to be.

I'm long Bitcoin too, but it's a gamble nonetheless.

The US governement does not care about the FBI's bitcoins - it certainly would not take them into account when considering a ban on Bitcoin.

You say "not that much of a gamble", but how do you think the US government and TBTF banks will react when they inevitably come to the conclusion that Bitcoin is not something they can control? What happens when the IRS realises FATCA and other tax rules and collection policies are basically impotent when it comes to Bitcoin? Are you so sure they will sit back and do nothing?

A ban on Bitcoin in the US would be a tragedy, no doubt, but it would not necessarily surprise me. If the US acts, Europe will too. Russia, India and China are already half way there.

(For the record: still long Bitcoin, still holding some myself, still have BTC tied up in BTC denominated investments, etc)

Well, I appreciate your confidence.

(I don't live in the US, FYI, but I am a US citizen paying US taxes.)

Gay marriage does not threaten TBTF banks or the government's control of money and taxes (unless you're a homophobe, in which case you might think it does ). That's a pretty important difference.

This is the same government that promptly squashed e-gold, etc. Right now, IMHO, they're starting to realise they can't effectively control or tax Bitcoin. What happens then is anybody's guess/gamble.

Are they like colored coins? Or something new?

Agreed, Gox doesn't add anything to the equation any more. We need bona fide exchanges where large amounts of fiat can move in and out relatively quickly. More liquidity, less volitility.

And for those that think it could never happen:

https://109.201.133.195/index.php?topic=160292.msg1694092#msg1694092

No, not wishing for another Cyprus.  A lot of Europeans think Cyprus was a one-off, which IMO is incredibly naive.  Maybe this report will prompt people to consider how safe their money really is.  If even a small % of savings are moved to Bitcoin, it's choo choo, whether another Cyprus happens or not.  Personally I think another Cyprus - or a Europe-wide measure as described in the report - is inevitable.

I can't help but think that when this non-issue is officially fixed - tomorrow? - it's going to fly.

Top FUD spreading dude, very entertaining. Love the "malleability will steal all your coins" angle!

BTC-e has confirmed it is processing bitcoin withdrawals again.  Sauce

The only reason I don't have you on ignore already is because whenever I read your posts the price of BTC nudges up a little. Coincidence, possibly, but you've become a BTC good luck charm! Keep up the fud good work!

Yay!

I'm inclined to agree. /I said as much yesterday.

Is it possible to transfer USD between MtGox users?

It might be worth buying some MtGox USD (for real world BTC), converting to MtGox BTC and if all goes well and MtGox hasn't lost all the BTC, withdrawing the BTC at a later date.

Anyone brave enough?

Indeed.

Please add CCMF!

She does not come across well at all.

That said, if I thought after months of research that I had successfully tracked down Satoshi and when I asked the guy point blank his response was, "I'm not involved with that any more. It has been passed on to other people.", well, I'd be pretty confident I had the right guy.

Did she twist his words or take them out of context? I don't know.

Do I think Dorian is Satoshi? No. But that doesn't mean he isn't.

Confirmed source... of an opinion.  Jeez, guess people gonna want cheap coins.

Love the poll results - through the roof or through the floor.

Easy to call him out by pointing to his original posts on the mirror site.

Good luck with that.

Expedia.

Probably just moving it to cold storage.

I wonder why they left 0.00113651 behind.

1. They will sell to the highest bidder or bidders, period.

2. Tough to tell.  On the one hand, these are super clean, easy to acquire coins.  It's blind bidding from people long on Bitcoin, so I'd expect higher than market.  That said, we may never know exactly what was paid and by whom.  Either way, the sale further legitimises Bitcoin.  It's good press.

$250 Good one.  I don't usually find you funny, at all.  Maybe I'm high on coffee.

The EBA report is of almost no consequence right now.  Banks don't hold or sell bitcoins and why would we want them to?

Newsflash: using bitcoins does not require banks!  You only need a bank for your fiat money and the EBA report says very clearly that banks should not be disuaded from offering fiat current accounts to Bitcoin businesses.

Maybe I'll finally get to buy back all the coins I lost to crappy BTC securities.

Have we hit the low for the year yet?

This pop simply isn't happening fast enough for it to be fatal.

We're not even close to where we were this time last year.  Heck, we haven't even reached this year's low.

$100 is even further away than that.

Not wishing to turn this into a Ripple thread, but it works great until someone somewhere fails and the bag holders realise they are bag holders (which can be through no fault of their own).

No one with a college degree would have left bitcoins in MTGOX.

To be fair, a lot of us have seen this at least 2-3 times before.  Price dropping, lots of bears (old and new) calling the end of Bitcoin, RIP this, RIP that and each time... BOOM.  Good luck shorting though.

Arbitrary number about to break!

The market appears not to have noticed.

There's a near perfect correlation: seeming bad news, price rises; good news, price falls.

(SR2 being bad news because one less place to spend bitcoins and bad press.)

Yes and no.  Public perception can change quickly and I'd guess that 90% of people who take the time to look at Bitcoin quickly realise that MtGox, scams and hacks are not Bitcoin's fault, and that Bitcoins use on Silk Road merely evidences some of it's (very desirable) core strengths (financial privacy, freedom to transact).

Besides, I'm not convinced people's perception of Bitcoin is any worse than people's perception of banks and bankers.  It's about even and only because people don't really understand what Bitcoin is.

No crypto will replace national currency any time soon, but a globally accepted form of money - maybe even a reserve currency - who knows?

It's a "no" from me.

The ignore button still works, even if the glow is gone.

I fully expect it will be the usual crowd doing the buying - if only to lower the average cost of their bitcoins i.e. the bitcoins they picked up in the last couple of auctions.

Keep creating them doofus, whatever makes you happy.

Indeed.  Wait for a $2 drop and they'll be all over the thread again.

So they had some sort of multisig escrow, except that withdrawals/spends from funded wallets did not require users signatures?

You need not do anything until the actual fork i.e. once 75% of miners are using XT. At that point, QT is unlikely to recover; miners will quickly switch to mining the longest chain (XT).

For regular users running Bitcoin software (i.e. a node), there's really no reason not to switch to XT (except as a not-taken-into-account protest vote). If XT wins, you'll be on XT. If XT doesn't achieve 75% or miner support, nothing changes.