http://www.businessinsider.com/bitcoin-surging-2013-9

It seems the rise is starting to get noticed outside of the bitcoin world!

There is room for growth in the Brazilian market! Only 1.34 ฿ in the last 24h!

bitcoin.de is at the equivilent of $236 now.  As it is a marketplace there is no delay for deposits, hopefully this is leading the way!
It usually trades just under the bitstamp price in my experience

You'd give anything to see Bitstamp leading??? Really!?

More than bitstamp and gox put together!

Everyone who has ever bought Bitcoins on an exchange (and not sold out) is now in profit...

Not sure if this is trolling or not.

FX markets are usually open almost all the time..

Gox must have so much money now.  They shouldn't go broke but that doesn't mean they'll stop being rubbish!

And people say that bitcoin is too volatile!

If not now, they we will do it this afternoon.  The rises seem to be 2 a day at the moment, 1 for China and 1 for the US.

It is very sharp but it keeps bouncing back every time it falls. I expect that only bad news will cause a real crash. I don't know what that could be other than regulations..

Possibly being the second biggest us dollar exchange (probably still the biggest) doesn't sound like it finished!

It can't go up 150 a day for long, this is crazy!

The new normal!

I agree with this.  I guess everyone wishes they had been 100% in BTC this year, but it wasn't without its risks.  I prefer 25%, then I won't cry too much if it comes crashing down.

Is he still a friend?

single digits are gone forever, double digits too.  It's getting hard to imagine $250 BTC now, even though that was the price about a month ago!

If you drip feed it on a big exchange you will get out easily.  I agree that banging them all at one price, or putting in a market order is a bad idea, but 7000 is very withdrawable.  You could also split it between fiat and BTC withdraw if you urgently need to withdraw.

Gold is safe, bitcoin isn't.  Its amazing that 1 bitcoin can buy an ounce of gold, but no one can put a fair price estimate on Bitcoin.  It's either hundreds of thousands or nothing.  
Even the crazy Gold bubble looks like a blip next to Bitcoins rise!  If bitcoin holders get a bit antsy about the price, they could do much worse than getting into Gold or Silver

Looking very likely, hopefully we can kick through $1300!

So this is actually it!  We have the long awaited correction.  I have to say, it we settle at about 800, its isn't so bad really.  We are still nicely set up for a good run in the new year.  This time next year we'll be millionaires!

Seems to be quite a bit of selling pressure.  I think we will get back to $950 and hang around there for a while, before the next push!

It is already 25% down, and everytime a panic sell off happens, the bulls buy up the cheap Bitcoins!  It seems like we have found our interim level, the question is... where next!?

Or a sharp rise. If china is in play, we are $500 under valued!

As a global currency surely Xmas shouldn't be that important for bitcoin...

A nice christmas gift for you! Merry Christmas and a happy bitcoin 2014!

Well it says they are already well advanced in getting the infrastructure in place to use bitcoin, so hopefully we won't have to wait long.

Its trading in a range now, it's might be a sucky range, but 340-370 seems to be the range.  The way the economy is starting to shake, I think a country might make make a bank raid again soon, mich as Cyprus did, that is the sort of move that can really help bitcoin.

Venezuela also looks like it is teetering and could go bankrupt. I think it is a shame that Putin is so anti bitcoin when he is pushing for moving away from the USD, and RT seems to love bitcoin too!

We have a nice little spike on google trends for bitcoin, not exactly to last years bubble levels, but a noticeable move up.

You know his life situation very well for someone on a forum. You also have 20:20 hindsight. If you sold at a higher price then be happy, but the price falling wasn't inevitable. Like Baz luhrman said, your choices are half chance, so are everybody elses.

But the market keeps moving against us!  Well in the long run we will win

Price is rising fast in €, hopefully it will rise in $ too soon, then we Europeans get a double win

True but it might be more difficult this time with more people leveraged shorting the hell out of it.

You mean BTMFATH! Well it's easy to say afterwards, you could have bought the all time high at $300 and done very nicely for yourself.

Drifting down again, I miss 2013. What will give this price a kick?

The results of the auction probably won't be today though, and that is far more important.  If some nice big industrial investor buys a few tranches, then the price will rise, if no one special buys, and the number of bids is low, then the price will probably stick in this lull.

You can probably guess which one I am hoping for!

I agree with that, I don't really feel any obligation to sell at the moment, I think all of the news has been good for quite some time now, the global economy isn't looking great and with currencies racing to the bottom (other than the USD), having money in Bitcoin seems pretty prudent at the moment, and I think more and more will agree with me, raising the price

Why does dollar strength equal Bitcoin weakness though?
Soon after the forex markets went crazy, bitcoin fell like $20, that doesn't make sense to me!

All commodities went up strongly, oil, gold, silver, so it Bitcoin not a commodity then?  Is it a currency? then it should go up in $ too, like the pound and the € did, so we mustn't be a currency either... odd.

That's how fractional reserve banking works!
It's a great way to count the same money multiple times and make your economy look far bigger and stronger than it actually is!

Sooner or later bitcoin will "benefit" from this too.

I can't get too excited about being supported at $250 to be honest.
Looking at the number of trades and the amount of investment in bitcoin this year, the price is a bit of a joke.

I guess we should be happy of a good buying opportunity, but only of the market wakes up and reverses the long down treand too, there is no point in being technically right, but losing money anyway!

As would a rise to $250 again.  It's a crapshoot at the moment, the amount of money moving into the Bitcoin environment is rising greatly, but apparently the amount of bitcoin being bought up is low, thus the price is falling.  I remain bullish and will buy more at sub$200 if that happens any time soon.

I am not a technical analysis sort of person, but I recognise a change in trend direction, and that chart looks good to me.

I think it is a bit speculative, probably based on the Greece crisis at the moment, but any upswing could get us to a new more reasonable price, then the press and masses will follow.

But Gold is down from a week ago..
I think people are speculating that last time when Cyprus went crazy, the bitcoin price went up quickly. People don't want to miss the boat, so are getting involved early this time, moving the price.

Some whale might well decide that now is a good time to dump, I hope not though, the price is so low still, I am considering buying more...

I voted for more than $340 for the top.

They are paper profits unless you sell, but I doubt you want to sell, not yet anyway!

This is absolute madness, the price is moving $50 up and down every few minutes!
I have the price in CNY showing on Bitcoinity, it was 6850 a few minutes ago, now it is 6370, 5% in 2 mins and still falling.

I experienced the 2013 rise and fall, but this is right up there.  Look away, then look back and the price is $100 different!

For Bitcoin? No.

The technical analysts just say that if the price falls, it will fall a lot more. If it rises, it will rise a lot more.
In stocks and shares there are traditional ideas that fit to established TA, but in Crypto we just draw straight lines on a log scale and say that the price will be something unrealistic in the near future.

It would be interesting to see the effect on the Bitcoin price (and PMs) if he audits the FED.
I really hope he does, I think there are a lot of skeletons in that closet!

They should do a Gold audit whilst they are auditing stuff. How much does Tungsten cost? Not as much as Gold I'd wager!

I have this morning, I changed my password on Poloniex. I had a strong password and 2FA anyway though.

Back to speculation, the rise over the last 2 weeks had been uninterrupted, I see now that our first whale dump just happened. I wonder if we will bounce off the price of gold for a third time now!

The price is rocketing, what has happened? Anything or just a big pump?
Maybe there has been a leak, or has something been officially announced?

$100 in a minute suggests something is up!

$200 drop in 5 seconds! what the hell is happening!

I love that some people say that bitcoin isn't so volatile nowadays and that it can be a store of value!
At 14:20 (in germany) the price was flat. It went up $150 in less than 5 minutes, then dropped $180 in 15 seconds, then went back up $80.

It is several thousand dollars for lots of people, it is scary stuff!  Can you imagine getting shorted out, then seeing the price was higher than your buy price 1 minute later??

Done already, but I am considering doing a bit more now.  I am really enjoying the price rise, but come on, it was looking bubbly at $1250 in January, we are almost double that now without a correction of note for a while, and every day sees another rrise.

It really seems like a bot is constantly buying, like with Mt Gox. But I wonder if that is the case, or it is just general buying pressure from new investors.

I don't want to miss the top, but a few ounces of gold might be looking pretty good in the future if this bitcoin bubble pops (and it always has in the past - but maybe this is the new normal!)

I bet the SEC watch this kind of crap and sit pretty happily back, knowing that a ETF should not be investing in Bitcoin.
I mentioned 2 days ago that is was very bubbly, now nearly $1000 lower, I think we can say it was pretty bubbly.

I don't rule anything out, it might be back at $2700 tomorrow, but this volatility is joke. It can't be classed as a serious investment, we can have fun with it, but 40% falls in a few hours without any real reason, that isn't a serious investment.

Dollar cost averaging is for people who can't see when the prices are high or low, so blindly invest regardless what the price is.
Why not save and invest at prudent moments?  Like now instead of 2 days ago.  2 days ago it looked far more dangerous than it doesn now.

It still could go down from here, but it is less likely.

I bought in between $200-300 and haven't bought since.

I think we might have a weekend dump again like last week.
It seems like when the markets are open, the price rises, but at the weekend crazy stuff happens.

I seem to remember the big falls back in February being on Fridays, and last week it was too.  If it does happen, I hope it is less crazy than last week!

Today could get interesting!  Waking up to all time highs at the start of the week, it could go ballistic, or the crazy volatility could return.
I will have my Bitcoin tabs open all week again, although I usually do at the moment!

I'm still wiating for the alts bubble to pop though, it seems like they are flying far too close to the sun.

The way things seem to go right now, I think the price will recover over the next few days.
It is obviously a joke that the price can fall 25% for no reason so frequently, but c'est la vie!

I didn't sell at $3000, though I have been looking to sell a very small amount.  I keep waiting, then waiting but I am too afraid to miss out should the price continue to rise.

Let's see how it goes from here, even $2000 is a very high price historically.

Well this sucks, seems like people wait until the weekends to really dump on the market at the moment.
I'm not in a big hurry, so as long as this isn't the beginning of the end, it doesn't matter too much.

I do feel a lot happier when Bitcoin is rising to all time highs though, I feel rich!

I thought BIP91 blocks would only be formed when 80% of the miners indicate that they will accept BIP91.
Why are individual BIP91 blocks being created, is it not an all or nothing, we go BIP91 or not situation?

This whole UASF, UAHF, BIPXX stuff is pretty confusing for me as a non-technical person.  Even when I look at the current state of affairs with how many nodes indicate what, I have no idea what is winning and what is the most likely end result!

Bitcoin cash even sounds like a crappy alt coin.
It can join BitcoinDark and BitcoinPlus as pointless BitcoinX coins.

Funny that I will be a holder of this Bitcoin Cash if they fork, along with the airdrops of Alts going on, I keep getting given stuff I don't really want, that I then change for 'real money' i.e. Bitcoin!

So there are 80% backing BIP91 and 13.9% backing segwit.
Why has it taken so long to reach agreement on Segwit if 94% of miners agree with it!

BIP91 could be locked in in 38 hours, exciting times!

I don't get the median time stuff, the countdowns are over, the bitcointalk time is now 12:39, why isn't the average time also 12:20?
I expected the split already, looking at the alts markets, others did too!  I guess some jumped the gun as the fork hasn't happened yet.

I wonder how many other people are frantically hitting f5 a lot today!

Well according to the Bitcoin Fork Monitor, it will be an hour until the median time is 12:20, then they will have to find a large block and mine one, so it could well be 14:00 real UTC before the split actually happens.

People could have done very well buying alts low, selling them now for BTC and getting BTC and BCC at a higher rate in an hour or so when it forks!  I considered piling into alts, but didn't want to have so much money on exchanges at this time.

Apparently someone has opened hundreds of BCC nodes and they are worried that it is a network attack...

BCC chain is also 2 blocks behind now, so it looks like it is go time, they will need to mine their own blocks now, that could take some time!
I don't really get why the new blocks aren't being accepted by the BCC chain, but they aren't.

There were just 17 minutes between blocks and the block was only 213kb!
Unless they start spamming the blockchain, this split isn't happening for a while. At the rate of fill of the last block, it would take nearly 80 minutes to get an oversized block.

Looking at Bitcoinfees21, there just aren't any transactions happening, I understand why too, I wouldn't risk it yet.

No offense, but I'm not sure that you got a great price there. It has been trading at 0.10-0.15 all week.
You can expect a dump, but there are some deep pockets that want BCH to succeed, so the price can bounce back, and 6.7% is a low bar to pass.

On a different note, I don't get why the first block hasn't been accepted. There have been a few full blocks now. What is the next step? I want to split my coins and forget about it, but instead I am left waiting, not wanting to be too early in case I mess up and miss out on my BCH bonus!

I have that to look forward to then, right now it's just the 48 minute wait since the last block that is annoying me!
Then I can import my private key into Electron and try to get that sorted out.

That is, if we ever find another block!  Bitcoin is one of those things that I love in theory, but is annoying as hell when you actually try to use it!

Good idea on the buying of BCH, buy high, sell low! Or actually it sounds like you want to sell low, buy high, sell low/HODL!

You know that people can't move their coins to exchanges to sell, so there is a buying pressure. You know that this is temporary. Why do you want to buy now?

I'd guess that they actually want to receive the funds from the people they are blackmailing/extorting.
If someone says - pay me $1000, then you might do it, if they say pay me 1000 fluurks, you wouldn't have a clue what they are talking about.

People know about Bitcoin, maybe only a little bit, but they have heard of it. They could buy it if they needed to. Basically no one has heard of Monero, people would'nt know how to buy it, they would probably be more inclined to bin the computer, than pay.

Oops I closed Bitcoinity for an hour or so, missed the All Time High!
Those words are starting to become meaningless now though, I mean it was more worrying that the price had stagnated for almost 10 days or so!

A few days ago I looked at the chart and it was flat for the last 24h, I had to show my girlfriend, it was crazy, far rarer than a 5% increase or 15% crash!

Worthe remembering that Gold and Silver are real things that won't go as crazy as Bitcoin. If you want to buy and get profit, you won't see 25% moves in a week, like with Bitcoin.
You can see that as a positive or a negative depending!

We are $550 down in about 2 days, that is a big old move. We are almost back down to last weeks levels now!

What is going on with the price differences between exchanges?
There are hundreds of dollars difference between Kraken and Bitfinex/Bitstamp.

Is there any good reason, or just different methods of buying? They are usually pretty close to each other.

We are down on the month now, that hasn't happened for a while.
I think we will see a double top in the next couple of weeks, before a more sustained fall back to a more normal level

I don't know what normal is anymore, but if someone had offered $1500 a year ago, I'd have been very happy!

$600 swing in 3 hours? Bitcoin be crazy.
$3000 looked bad, I even said I would buy if it went much lower, at $3500 or so I am just holding still.

I won't ask if there is any reason for the 20% rise. The old 'because, go fuck yourself, that's why' meme is usually about right for explaining Bitcoin price swings!

Is there anywhere with a Bitcoin Gold price?
I guess it will be 0.0x BTC but it is interesting to me anyway as I think it would be a step back from the centralization that has been going on for years.

It looks like Sx2 coin will die, it falls between Cash and Core becoming fairly pointless, you either want bigger blocks or you don't.

Somehow the fear isn't quite the same when the price falls from $7200 to $6700 as when it fell from $2000 to $1500 or so.
It'll probably swing back to $7000+ in the next hour or so. I don't buy at these kind of prices, but I don't think this is the beginning of the end either!

Bitcoin Cash has had a big day though, I guess that was to be expected after 2x was cancelled, strange that it took so long though.

Yeah, I'm about as anti-tether as anyone now, but that would be expected if USDT was doing it's job of tethering to the USD.
Bitcoin fell, so the USD(T) went up in comparison.

The real problems will start when that isn't the case, rather USDT falls with Bitcoin out of the 1 USD range, then it could come crashing down.

I was just checking out the chart for the Dot com bubble.

The market actually only went up from about 800 to 5000 before falling back to just over 1000.
So it made me wonder, has there been a major market that has risen 10x+ over a year or less and has held its gains i.e. not fallen back near to the start price.

Tulips and the Dot com bubbles are well known, but there must be cases of exploding markets that stayed high. I am looking for a good Bitcoin-esque example to reply to the haters (my brain included!)

Did anyone else see this on CBC yesterday?
https://www.youtube.com/watch?v=2H6zzWIu7Vk

It's a shame that the pro-Bitcoin guy is clearly an idiot!  Spread your coins over 4-5 exchanges so that if one gets wiped out, you 'only lose 20%'.
OR how about keep none of your coins on exchanges? He clearly has no idea about crypto, he is just riding the wave higher.

I won't be sad if people like him end up on the wrong side of this.  He also failed to answer about when he first bought in or what gives Bitcoin value. Both fair questions. Funny though that he started getting interested in July, so he really is a true believer when he has been in for 5 months!

142k Unconfirmed transactions and 380 sats/byte recommended fee.
Nothing to see here, Bitcoin is working well.

I also don't get the whole LTC thing, but then I never have. Someone saw Bitcoin and thought, wow if I could make it 4 times the size, then it would be perfect!
Why not 5 times, or 10 times? I'll give them that they implemented LN and Segwit before BTC, but BTC is a slow juggernaut which is slowed by quabbling and politics, so that isn't surprising.

If LTC ever took over from BTC (spoilers, it won't) it would pretty much have exactly the same problems as Bitcoin does now, maybe slightly less due to the 4x thing.

This is a great post. People in crypto all seem to think that they are incredibly clever for seeing the potential of Bitcoin and making money out of it.
That also means that people who invested in gold and silver are dumb because they invested their hard-earned there and have lost money over the last few years when basically everything else has gone up.

It is very important to know how big of a role luck plays in this. I have invested in some penny stocks before that have gone bankrupt. In some cases I got out at a loss, in others I held as the ship went down and I ended up with nothing.

I guess now it is important to protect what you have. If you have become rich from Bitcoin, don't piss it away on some new investment that is 'certain' to succeed.

Yeah I am inconsolable that Bitcoin is 'only' at $17.750
It has been moving sideways for a fey days now, Bitfinex just need to move their new $250mil into the leveraged account and get this show on the road again!

I expect 20k before any big move downwards.

We've all seen this before, send a few tranactions, the fees go up, sell Bitcoin, buy Bitcoin Cash, the world is going to end, then everything goes back to normal!

I do have to say though, Bitcoin is so easy to attack for Bitcoin Cash. It was already >300sats per byte to send a transaction that you want to arive anytime soon. They can send a few extra transactions and now the fees are 630sats per byte! That's 21€ for me to send any amount of money, to be a bank beater I better be sending a large amount of money!

I don't see any short term improvements coming either. Those poor newbies, they buy a few hundred bucks worth of Bitcoin, then lose a big chunk of it when they move it to a wallet (I bet they leave it on an exchange ) then if they get spooked by the fall, they send it back and sell.  $300 invested, fee to buy, $25 to send to wallet, $25 to send back, fee to sell and fall from 18k to 16k is 11%, so they'd be down about 1/3rd!

920 stinking Satoshis per Byte for a transaction?

I have one wallet with €500 in it, my max spend is €240 with a €260 fee! This really is the future!  Bitcoin Cash isn't the answer, I know, but someone needs to come up with an answer, or people will dump this 'currency' hard soon.

I get the idea that the current crash doesn't have anything to do with the fees though, it's just a random correction.

This is getting crazy pretty fast!
We'll be back to November prices if this crash continues for long!

The fees are a joke though, I can see why people would jump ship when the fees are 1000sats per byte. I guess only the people with coins on exchanges will dump though, it's too damn expensive to transfer to dump!

Breaking 24777$ prediction game

7th March 2018