rpietila thinkings everyone will dump all their coins at once. bahahahaha


10K BTC can be sold off in a few days without effecting price all that much.

Golden chance to get fiat out of gox.

What if it never ends?

For real or are you just trolling?

I think it will go to $300, but not now.

4 hour chart going DOWN  , its bear time.

DOWN!!! (I pray)

I actually need it to go up to 722 again briefly so I can sell to "break even"...and THEN we can have it fall down to like $20/BTC!  

Humans are a strange sort.

Barely buying all the way up to $1000. Then plowing through a 2500 wall in minutes once they are there. WTF?

I will start panicking if it goes below $900.

Meh... Who was clever enough to sell @1200? Would be great to buy the double of BTC back at 600  

The only thing sustaining this bubble is the media attention, once it plateaus, which I believe it has now, there will be a huge crash. This may be it...

trading volume usually is the amount of coins traded between traders. so if you sell 100 BTC to some other guy, the trading volume is increased by 100 BTC.

Hey, guys! I have an idea. Lets try to break $1000 for the third time in 36 hrs. Third time's a charm.

Yes it matters!

If one of the peaks is the all time high, then how can there be a REVERSAL PATTERN?   The reverse head and shoulders is a reversal pattern formed after a long downtrend, showing that the market has been moving down for a long period and is reversing to go back up.  we are at the end of a long uptrend.  and the 1d chart referred to shows a potential head and shoulders.  the second peak being the all time high.

Why is there a double head? One of those two headed ogres in WoW?

and removed...

Everybody understands that *if* this maintains itself (or go better) next week will be rising like hell... right?

I'm thinking of going full fiat right now. To buy back at a lower price (hopefully) 

Best decision ever.

I love how much there are deluded holders in here. It was bound to fall before rising again. But there was no acknowledgement of the possibilty by the majority. There was even some thread here named a new paradigm: the bubble which doesn't pop.

And on Dec 12th one bitcoin was worth 1/216th of a 2014 Lambo Gallardo.

Stamp is the real market leader, even though it doesn't lead the movements immediatelty in real time, it is the fiat entry/exit portal which eventually controls where the price balances itself at.

-Gox: Does not have liquidity, and is mostly bots.

-China: Is becoming irrelevant and is probably entirely fake right now.

-Btce: Is mostly bots, traders, and trolls and has liquidity issues also.

-STAMP: Is where all the fiat enters and exits.

I enjoyed the Btc-e crash. Only wish I would have kept money aside for 100$. Bought in at $400.

Fear?  Insecurity?  Who knows.

I've been thinking due to the volume of trade on bitcoinbuilder, and the efficiency and timeliness of the exchange, that it could be possible that bitcoinbuilder was mtgox coordinated effort to facilitate the selling of goxbtc (which mtgox can fabricate) for real btc in order to raise funds.

I'm very very sorry about this, but what happened was our system erroenously allowed you to hold a negative balance on your "real BTC" side for a while.. essentially an interest-free loan that allowed you to buy more GOXBTC than you should have. The system has some sanity checks around withdrawals however that does not allow them while you have a negative balance, which is why yours didn't go through. Unfortunately at the point the ways to get to a positive balance are either deposit more real BTC or trade your GOXBTC back into real btc. I have wiped out all your trading fees to help a little bit with this.

Agreed, Josh seems like an okay and probably legit guy, but the site is just a mess. I dont see why i should face coin loses just because they fucked up technically.

The bank has to suffer some loss too. Its their mistake in the first place.

So the bank goes scot free for its error? In my book the bank has to pay a fine too.

In the situation at hand it seems bitcoinbuilder is simply washing its hands off and the entire liability is on Magicmexican.

No.

....

Sorry someone had to.

I feel like this market is being kept up by hoarding, not by buying. Its almost as if the resistance is coming from an unwillingness to sell more than anything.

I am pretty sure that there is only a little chance that we will ever again see $400.
As we know, nothing is impossible - but imo - $400 is really close to impossible.

Learn me how, i need that optimizm

It was a real pleasure seeing you urging everyone not to sell as Bitcoin came down slowly from 800.

No, thank you, I sold at 800 and recently at 550.

becuae I banned my self from that joke's thread, I am going to post this here just for the laughs and giggles



so who will pay 5BTC for that ? it is very cheap, almost free  

Could be foreigners removing bitcoin from exchanges because they do not have chinese bank accounts. Once this process is complete, buying pressure will rapidly decline and double single digit coins become a real possibility.

Hey Windjc, how's your 1200btc short doing? Do you still have it open?

Any bets on the bottom for the weekend? I am hoping for 400 at least.

Same goes for volume. Does not mean much.

Maybe he genuinely wants to sell, and keeps behaving like this to make others think its a fake wall.

One funny dynamic that i noticed is that frequently, when people begin to describe a pattern, then that pattern NO longer will take place.  It is like someone is relying on people expecting a pattern, and then manipulate to change the pattern...

Maybe that comment is too conspiratorial, but I have seen several proclamations of patterns... that do NOT always play out too well.

Bitcoin is disappointing us negatively this week.
The poll still seems rather bullish!

Actually I do have some spare, but I have spread them out from 450 - 550.

Always helps to keep a bit of fiat for the sharp drops.

We cant do much, just sit here and wait for jump or right time.

A higher price if it is not liquidity related (low liquidity, large spread, low bid, high ask....) or fee related (higher fees, higher bid, higher ask) which we can safely rule out at the moment is often a sign of it being less attractive for people to withdraw fiat and instead withdraw btc leading to higher btc prices (think MtGox for a very long time), also the other way around (easier to deposit fiat ->higher btc price). This would fit as BFX offers no SEPA and now has % fees to withdrawals. It's also possible that as you said there is higher buy pressure because people have more buying power through margin trading although it could be argued that the ability to short on BFX should keep that in check.

With these possibilites it's probably a mix which leads to 1 to 2 % higher prices. BFX clients should definitely keep an eye on the spread though.

Prices have been boring for a long time now. What am I supposed to do, sit tight prettily? I want to feed on high volatility and troll those who made the wrong calls

Go up a lot, or down. Do something.

Need some crisis somewhere ASAP. Bitcoin has been way too stable for my taste. If I wanted a boring life I would have gone for gold

Come on BTC, get off your ass.

And in other news, mining difficulty is set to go up another *20* percent.

Either the miners know something or they are dumb as hell. Anything pulling more than 2.3w/gh is now unprofitable.

Ok thanks, i almost bought some. Could you tell us when the price is right?

i lost count. must be like 580ish

Yes, I have had some negative things to say about the implementation of the technology. To be fair, I've always held that the technology is revolutionary. I'm just afraid that the implementation hasn't been as solid as the underlying tech. There are some core issues with using the technology the way it has been used. I won't go into a lot of details to answer your question at this point, but I think it is fair to say that the technology is here to stay, just maybe not in the current mode. It's a good foundation to build off of and I am sure as time goes on and the large capital investors learn more about how the tech is being used and can be used, will see innovations that will add much more value and the exchanges will stabilize around that more realistic valuation.

As far my target area, I tried to go back and extend my stable growth line for the long term. I am still focused on the pivot at $250, as I believe many people are. If you go back and look at the largest weekly volume candles in the bitstamp chart on trading view you will note a couple of things.

1.) Shortly after my 'octave' analysis that we are talking about, the market signaled that the pivot was actually at $320. This was the week of 11/4 settlement price. The week ended the same day after my analysis. It is important to note that this week was the largest volume positive movement in the history of this trade.
2.) That week began at 207 reached as high as 364 and finally settled at 320. On the daily view for the same week, there is a high volume touch point to the down side on 11/10, the day of my analysis which I believe coincided with new about senate hearings coupled with the fall out from silk road bust. THat touch point was 264, which at the time showed strong support for the peak of the april 2013 exuberance.
3.) The idea of the octave was to eventually challenge and retest the pivot point in this range. A healthy strong volume bounce of that retest would indicate that the steady growth trend would reach up to a new level or octave of pricing with the new trend line RANGE setting up the low end of the range at the TOP of the high end of the old range.


So what has actually played out is that the retest never happened. What we are seeing today is not a retest of top end of the old growth trend. Instead it is a return to the old lower octave growth trend.

This is actually really extremely positive news for the long term growth prospects of the technology in so far as fair market valuations and in terms of technical analysis. So in fact, with todays retest of that pivot point which by now has extended the old stead growth channel, what we are seeing (finally) is some pricing stability.

No, this is not the beginning of the end. But it is the end of the beginning, if that makes sense. We are seeing some soberness return to this trade and to this tech. This is a positive sign for long term investors and for actual users of this technology. Not just in terms of technicals, but also, it is fundamentally important for this technology to be made widely available to the average consumer. Even tho I think we all have different perspectives of what the value of "bitcoin" might be, and we even have different ways of understanding what a "bitcoin" might actually be, the average not technical person will see "cheap" bitcoins as an opportunity to explore and adopt the technology. This is a good thing!

So that being said, I think finally we'll start to move out of the speculative phase of the introduction of an invention and revolution in communications technology. I think we'll be moving back into a more realistic approach of figuring out what the technology can actually do and maybe start seeing investors and early adopters focus more on software and less on the exchange charts.

I suspect that the market will over correct even tho many will be licking their chops to scoop up at whatever the low actually ends up being. No one wants to get burned again, but looking at my long terms growth trend, the bottom end of that trend is right around the 260 level and the range would be up into the 320 area as of today. That's on the weekly analysis.

I'd be looking for an over correct to somewhere around the 120-150 range because I expect the old 250 pivot to be broken still based on volume support at that level and then one final capitulation to drive prices down to the last stable trend range post april 2013 highs.

Today, this would be support on the weekly chart secondary indicators. This down move has been gathering momentum for months now. The weekly is just now starting to move into oversold range after nearly 20 months of bouncing in and out of overbought. I believe we'll spend a week or two of weekly oversold enough to bring the MONTHLY chart on trading view secondary RSI indicator down to touch the oversold level. That projects prices out to 120-150 on a LONG over due technical correction.

That being said, I started small buys last week as we punched down into the upper octave growth lows of 320 where intermediate support was at. I've also scooped up some of the pivot prices just now as we begin challenging the growth octave pivots. I'll be adding my position all the way down to my target over correct range of 120-150.

The trend reversal won't happen quickly, so there won't be a "catch a falling knife moment". I believe this will be a protracted correction and very frustrating for people who have been long during this entire corrective phase.

However, there will be plenty of opportunity for bulls to retrench because eventually, there won't be enough floor space to short. We'll get back to a day trader market real soon here, but the whipsaw action won't be as severe as we saw with the last 2 bubble phases.

I suppose the big question is, where is the top to this thing? Will there be another bubble up phase? I think the sky is definitely the limit assuming innovation keeps pace with valuations. That hasn't been the case because I do believe the market got WAY ahead of itself with a BETA test technology. So no, there won't be another bubble up phase like the last 2 we saw. Those I believe are aberrations in an otherwise healthy market with solid "product". That being said, I don't think there is anything stopping the trade from moving into a more profitable growth trend ( a steeper up slope) than what the technical analysis has presented to this point.

So there ya have it.

We've already hit my initial target and I've covered my shorts and started slowly adding to my holdings. I'll back up the truck on the over correct sub 200, and then use my new long position to start day trade again.

It's been a long time coming, but I've yet to actually lose money trading and at this point I've nearly quadrupled my fiat losses from the theft of my original trades.

http://techcrunch.com/2014/10/06/what-is-happening-to-bitcoin-right-now/

Note the quote. Exactly what i was thinking. It makes the most sense of all theories i've heard yet it's the hardest to believe for most here for some reason.

"Seems pretty clear to me. An early adopter decided $300 is their breaking point. They want to cash out their $9m before they miss their chance. They’re not experienced with handling this amount of money because they’ve never been rich before; they just got lucky. They don’t have the connections to sell off-market so they decided to sell the way they know and the way that’s guaranteed to work: a Bitstamp sell order below market. They could maybe get more money with a more sophisticated trading strategy but who cares? They’ll take their $9m and retire on a beach somewhere for the rest of their lives.
That’s what I’d do if I had 30,000 BTC right now and I bet you would too."

The guy was looking at the price going down every hour and basically panic sold. Below 300 was just too much for him. He was losing 10.000's per day.
He moved the coins to Stamp, right away did a 5k dump to secure a good amount of money (his aim was a million) and when he saw there were buyers he put the rest up at 300.
Perfectly reasonable explanation.
He wasn't the bearwhale. He also isn't buying back. Just a guy who wanted out. Yes, that happens.

Anybody any tips on meeting women? I'm turning 45 this winter, have no social life and haven't touched a woman in...well, a long time.

Sold at 400 in the morning. Now just sitting tight and praying that they panic and start selling off.

350 would be nice, though I will happily take 360 (Btc-e)

Sold at 398, bought at 352 at Btc-e. May be going lower now but I was happy with my profits.

Bitcoin is done for. The experiment has failed.

In who's dreams exactly? It amazes me how some people here can be so dead certain on such unsure future situations.

Last year there were 4 operating markets and one got busted.

This year there were 18 operating markets and 3 got shut down.

Odds of getting busted fell from 25% to 17%.

10k page. for posterity