Your question is hard to understand.. why would the price rising affect its usefulness for purchasing goods?

Why buy a laptop? Because if you wait a year it would be a lot more powerful, touchscreen, better camera etc for cheaper.  There comes a time when people need to buy stuff almost regardless of future price performance.  And of course some people are always thinking we are near the top.  And also the price isn't going to keep rising like this forever.  It'll flatten out eventually and at that time exchange of BTC we become more common.

Wrong!

Live in Puerto Rico for 183 days out of the year and you do not pay captial gains tax, OR federal income tax.

We see another month like November and I'll be moving there. 

http://www.google.com/trends/explore#q=bitcoin%2C%20dollar&cmpt=q

Yup. Only twice as many searches for "dollar" as "Bitcoin".

Absolutely. I think the market is starting to grow up.

Ummm, I'm not sure but it seems like 100s if not 1000s of businesses are signing up daily to accept bitcoin. I think more than a few are braving more than a few toes.

I honestly don't know.

MtGox is well known to be a clusterfuck of incompetence but I'd expect their business to go to Bitstamp, not BTC-e.

Maybe it's bot-trade, the alt currencies have been going nuts.

why does this shock you?

its the only exchange i will even use...

must be getting close to a bottom of some sort if chart buddy can have 3 posts in a row....

interest is waning!!!

Some times the folks over there decide to go off on their own. Often dumps lower for no reason.

Probably it is not Bitstamp that selects the unlucky customers who will get those questionnaires.  There may be some agency that checks all deposits (by hand or through some algorithm) and picks the "suspicious" ones, that Bitstamp is required to question further.

"Artificial intelligence" algorithms are now routinely used by banks to spot possible card theft, and by governments to spot possible tax evasion.  

I am certainly bullish in my sentiments about the current state of bitcoin; however, it is truely idiotic in my thinking to be talking in such absolutisms regarding the bitcoin price.  That's what gets people into trouble, and who the fuck really knows what kinds of manipulations can take place in the short term to affect BTC prices beyond expectations.  So don't be betting your left nut on anything related to bitcoin prices b/c you may need that later in life, especially if you plan on having kids in the future.

Now we are waiting for the chineses to make them move. The next raise will depend on Huobi and Okcoin, bitstamp canīt grow more without a hit of China. But this seems pretty good, the 650 floor itīs solid and only can go up. When? Well, thatīs the question in here.

light blue uptrend indeed invalidated. We are on the new dark blue uptrend. We followed the downtrend for a brief moment, but I think we will try to keep the exchange rate in the "black band". Thoughts?

huobi looks bouncy. up from here?

The USD swap demand at Bitfinex has been extremely high recently.  People want to borrow $5 million or possibly even more.

 I'm not sure if this is real demand, as it occasionally disappears without being fulfilled.  Would people be crazy enough to try and influence the price of bitcoins by posting a fake swap demand wall?  I doubt it.  Also the Bitfinex swaps have been acting very strange with very short spikes in demand - probably due to people trying to influence the swap rate.

20BTC strong bid holdin above 590$
87BTC strong bid holdin above 585$

Market definitely  looks strong  

If we would just start rallying up, that'd be great.

I'm getting sick of all the sideways (not)movement.

and not a single f is given.

I'm starting to wonder if I should be following finex instead of stamp.

finex looks the same to me on bitcoinwisdom (as stamp)
whats the difference?

Why it was only $420 last month.  Now is $595 that is a 45% increase.  And last year the price was only $80

It's easy to regret staying put a bear market once you've been mired in it for a long time. Trying to trade it is going to be a bit more hair raising.

It depends if you actually wanted to win the auction. If I wanted to win Id put my bid somewhere between $600 and $630.

Irrelevant.  Every single bidder that showed up at this auction has funds reserved for a bid of at least 1 lot of 3,000 coins.  Many have funds for more, and some for all lots.  Many losing bidders will be left without coins.  At some point these bidders made the decision to be buyers of Bitcoin.  This decision is unlikely to change as a result of this auction.  So we can expect most of the buyers to move their bids elsewhere rather than remove them entirely.  This is a great deal more purchasing power than is required for the purchase of these <30K coins.

They're going for a premium, surprise surprise!!

Honestly though, I don't think anyone with some sense in their head thought they would go below the market price.

lol, that's a little too optimistic.

I don't think it's less than $600, but i don't think it's over $800 either. But on the other hand, they go on localbitcoin for over $1000 sometimes so it's actually maybe not that much of a stretch.

But it would be nice if it was that high though.

so all the FUD and speculation is fruitless because we might never know the price they sold for?

we will likely know the price if it is high, we will not know the price if it is low unless it is leaked.

and being so confident about a bull run because it is over is not the best position to be in IMHO

The courts will sell the other 100k+ coins eventually and we do this all over again. We are in the dark ages of Bitcoin right now. We haven't hit the age of enlightenment yet. I think it is q3 next year before we see serious positive developments.

I am only holding though

You will find out on Tuesday when EBay auctions off 3000 genuine, U.S. certified, Silk Road (TM) Bitcoins as collectibles for $2400 each.  A critical cultural artifact, a piece of history, which will retain elevated value even after the sun becomes a red dwarf.

I know that I would be tempted to pay 4 BTC for such an artifact.  Ideally, one which is tracable by the shortest possible path to the earliest possible block reward.

They may be worth more, but who would actually care enough to pay the premium?

When the stamp wall is gone and it passes $615 im satisfied.

When BTC-E gets beyond $605 im satisfied.

For now.. it's just a shitstorm that can go 3 ways. Up,down or sideways.

That rise in the Chinese exchanges was almost predictable: now is 6:40 am in China, about the time when the first traders "wake up".  I have not checked statistically, but somehow I got the impression that the early-risers tend to be more bullish than average.  So the Chinese day tends to begin with a price rise, that may be reversed later.  But, again, this is only an impression.

look like LTC moves btc now :-D

Too much panic surrounding ltc now, i couldnt resist to buy some

Slow steady grind to 1k?

now that everyone is waiting for a bubble and yelling that this is going to be soon or maybe it will start now....it is the perfect reason for a bubble to not start for a long long time, hell maybe Bitcoin is still overvalued from the last bubble and this is why we see selling pressure each time the price go up for $10.

Was only 100 coins.

People started trading more and more and now they want to profit all the time. I seem to think they aren't in BTC for the long run anymore.

The correct action then, is not to short BTC (which continues its inexorable exponential rise) but to short mankind, which apparently peaked around 1969.

Everybody and their mother is bearish on TradingView, all calling for 500s and 400s at this point. Everyone going short. Tell me this means we are going to the moon soon.

He revised his extreme $200 bear calls around 530 and has been temporarily bullish since then. Now he wants to see 700 before retest of the lows.

Who can get me clear what caused this such panic, only leverages? Absolutely the answer will be no

Stochastic RSI on daily range looks negative aswell.
Indicators say we will have a minor upsurge in the oncomming hours in the daily downtrend.

Bitstamp 4 Hr. MACD flashing on & off...

Hopefully some fresh fiat will ignite a rocket this week

LTC BABY! I bought another 4000 @ 5.35. Ready to lift off!

Edit: There are still 140k shorts on Finex btw.

there still plenty of time to buy, years infact.

but times up for sub 500 it seems.

LTC has no developer. How can you buy a coin with zero developers?

I am a greedy bastard, I should buy some at $3.xx I was under the impression that it would go even lower, I keep falling into this mistake, instead of buying in batches I try to catch the bottom or somehow a bit above the bottom, but for now I don't think that we will see a major drop, whoever bought between $3-5 did really good, I think dropping below that (not in a flash crash event) give the impression of LTC going down and never recovering.

I was looking at the entire bitcoin price chart, kindly provided by some posts here, and I realized... there are two ways one can present it or look at it.

As a failure...                                                                            or success.



I chose to see success.

Last call is in September, we've got at least another month of cheap bitcoin!

https://www.youtube.com/watch?v=rkELgi6EkNo

You might be surprised to find out who reads this thread and there net worth...rumor has it the composite operator reads this on a regular basis!

No sir. We hodl. We hodl like the mighty Nile hodled the baby Moses. We hodl like the manic winds rustle the earth against the waters. We hodl until star-systems far beyond our moon.

We hodl. We are immune to trolls. We are right.

Looks like we're going down? I really hope we don't fall fellw 275 USD, I'm not in the mood for another downward spiral to sub 270 & even below. Come on people these are still cheap coins, I'm absolutely at a loss as to ahy we're not getting new money pumped in right now. The fair price of 1 bitcoin is surely 350 USD +.

This is THE END.

is crypto done?? 

Well...therefore we will stay now between 250 and 275 the rest of the year.

The site loads for me but no data...

Aaaand it's back