I wonder how the guy that sold a good bit yesterday feels now that we are $25 higher and still moving.

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.

If it wasn't so boring, the last 9 days on the daily chart would be hilarious: 9 doji (or near doji)  in a row.

That should be a signal of market indecision.  If we are being held at this range so someone big can stock up on coins, why is it taking so long?

Everyone needs to get bearish so we can liftoff again.

need real despair. i mean REAL. almost to the point where you will think the game is over and that bitcoin failed.

Despair only helps existing bears, useless.
We need new people to get in, that's all.

Remember that btc prices rise an average of 0.59% per day.  This ranging is abnormal, and will eventually end.

Is it time for today's pump and dump? Looks like it.
Make sure to buy at 595 and dump at 588.

I send regular messages to companies that I use, that I would like to add Bitcoin (did so with Dell, Expedia, along with quite a few other people it seems...) asking them when (not if) they will start to accept BTC as a payment method..  I also have sent messages to countless other companies, inc BMW, Virgin Atlantic,Tesco online, Easy jet, E-bay, and on and on... but also Amazon.... sent them several messages from 3 different accounts... and not ever had a reply from Amazon until today....- a fob off really, nothing to write home about I know... but... maybe a few more people should give them a nudge..

Surprised by how well the Metcalfe's law price assumption works, for example when comparing the previous "plateau" phase (~100 USD) and the current one.

Looking at number of transactions (excluding 100 popular addresses), comparing the August 2013 average (25k) to the August 2013 average (60k), we get: ((60/25)^2)*100 = 576 USD.

Close enough, no?

Here's the latest chart (updated just now):

You should keep two things separate: how well the data is modeled, and how well the model predicts future data.

For example, you'll note that the local peaks of the transactions (early 2013, late 2013) come well after the peak in price. And how to extrapolate from the transaction graph into the future is an entirely different question, imo.

I picked the "plateau" phases on purpose. In my opinion, the price of around $100 last year was an important milestone. Took the market a while to understand that we won't go below it again for any substantial amount of time, but also that it takes some time to go above it.

Feels similar now, with 500s instead of low 100s.

(Subjective argumentation above, I know... Dismiss it freely )

I actually hope that we stay flat like this for several more years, because each week my dad gives me $10 allowance and I like to put half of that toward bitcoin. In 4 more years, I can have 2 full bitcoin!

its really looking UP, why is price going down? maybe the ether sale is making alot of old coin come out of the closet?

what means bitcoin days destroyed, by the way?

that chart doesn't seem to be working since the 4th of august.



from another site:

I am expecting to see a large spike in BDD if support will be broken, price drops to the 420$ - 450$ next support level,
and large holders will send coins to exchanges to sell on the rather strong rebound that will follow. That should result in some weird volatility.

I don't believe in charts or past trends. I just have a "gut feel" that price will go up in long term. Holding until it goes below $400 or above $700. Will buy more below $400; sell some when above $700.

Still waiting for Warren Buffert's Phase 4 10,000 BTC dumping announcement...

lines broken... Does that mean back to the depression time? And the end of the dead cat bounce?

It stays stable but soon it will go ~300$ again. 

After the EU new QE policy, I'd expect more people trust BTC than the EU banks. Just saying...

I disagree. 1k was a false bubble courtesy of that clown Mark Karpeles and the WIllybot. The actual true ATH is probably $250......

i am extrem curious about the coinbase moon thing
do you guys believe it will be a huge thing?

A bear whale met a bull whale

237.80

Dropping fast.  Would be interesting to a detailed analysis of bitcoin volatility over time. From what little I've seen it only looks more turbulent than when I first got in.

I would say it is quite the opposite. we are waiting for more longs to open and then we will squeeze them like bugs on our way to 120 $.

go home bots  you are drunk

This is interesting compared to yesterday.  Shorts down despite the dump

I finally got my euro order through so now I can stop being such the bear I have been the past few weeks.

He switches from beartard to bulltard and vice versa quite regularly. Most of the times he's wrong though, especially be careful if he turns bulltard again then you'd better sell your coins immediately. He's the best indicator on this forum.

down trend looks over, it might pick up and going back up if we get a $5 btc day rise like before this shity down trend started

The challenge isn't to create a hash with leading numbers. That's easy as you proven. The challenge is, to find some random data that combined with given data (the actual transactions) and passed into a defined hashing algorythm will return this kind of hexdecimal number with the required amount of leading zeros.

That's not something, that's easy to do.

btc-e is dragging down the average, but 281 is pretty decent. I predict it's going to rise to about 295 then drop down to 285 again. Then it should repeat that but in increasing numbers.

afaik fidor is not for europeans... only for germans, no?

everybody waiting 300$ i believe when we reach and pass 300. Dump will be start cause generally people thinks when we pass 300 it gonna go directly up. when everybody thinks the same always the opposite happens

The profits you are making right now are ridiculous.

But... but... NASDAQ!

Venture capital monies!!!

Coinbase!!


NSYE!!!


Pink Sheeeeeeeeeets!

3d 1d 12h 4h every chart is fucked up to bearish right now, more down to come.
Longs beware.

dont do it, you will be sorry.

and why did you close your shorts?

Kipsy89 formation still needs some more time. The second leg hasn't touched ground yet. So more in the realms of 60+(30?) min or so....

Good morning Bitcoinland.

Still grinding along in the $245-$250 range I see, except for a short-lived little beartrap dip below $240.

Ho hum.

It's go time!

Stop watching the 3-minute candles, zoom out a bit. Like so:



See a trend?

@inca: What keeps you thinking that mysterious malefactors are trying to part you from your bag of dicks? Whatever it is, let me [try to] reassure you that your bag is safe. It's your bag. Every last dick in it is yours. To have

edit: nice 224 wall there..come on somebody eat it all up..

[comprehensive list of NLC accounts]