Quite sure you'll be dead before bitcoin, it's how new paradigms are mainstreamed, the old wrong dinosaur defenders die off.

Yeah if there is a full on apocalypse then I doubt money/bitcoin will be a major concern somehow.

Even guns, they weigh a lot, they need parts and ammo....  and if you are a hoarder/prepper then unless you can defend your stash then you are just collecting shit for others to steal.

One should make a suit made from the carcass of a deer or a bear, then sharpen up your bow and arrow making and firing skills, become a roaming hunter gatherer, oh and also make sure you have raided your local outlets for all of the fish antibiotics you can get your hands on...  that shit is exactly the same as human antibiotics, thomas labs fishmox forte = amoxicillin etc etc you can get that shit in walmart or a local shop that sells fish tank products, you could barter antibiotics, be like some sort of witch doctor for the next lost generation.

Yeah thats the ticket, don your animal suit, sharpen your arrows, and become a roaming antibiotics barter man...

...........of course once you are established enough you could settle down and start a women farm, that would be the retirement dream...

awhh I can't wait.

 

A pig? I would rather have a cow, at least you can milk a cow..

Now if you live in an area where there are wild boar, and you can get your hands on those badboys, then all the better....  hunt, kill, hang, bleed, skin, butcher, hang, cook, eat....  nom nom nom, then move on... then no need to drag around a pesky pig.

Got it all planned, it is all up here <taps head>

 

Bitlicense is Bitcoins executioner! It could be that one event that will help to finally  break that (non-existent) support @ 2xx and send it down into the dark chasms where it belongs!

Prepare for

D O U B L E    D I G I T S !

The website is said to have been masterminded by an Italian near Naples. Bitcoin use seems to have been prevalent, with over 11,000 digital wallets connected to the site seized, containing over US$1 million euros worth of the digital currency

Yes I noticed that as well...

But it's not on the dot. It seems to me there are natural and unnatural forces. Moon waxing should be bullish, moon waning should be bearish. But they switch at times. Moon represents money, as the Moon is feminine and the feminine is the material world, which is exalted in wealth, and represented by money. So yea the moon is significant factor to take into account. Represents the unconscious forces and can impact people's buying or selling behavior.

Now is a waning moon so things should be going down. But there are reversals at times. And there are unnatural forces such as conspiracies and ponzi schemes to account for.

Wow.   We have had so much time to accumulate, more than 6 months.   I would think that most people, who want to be in BTC, have already taken some kind of stake.  Of course, sometimes it takes a bit of time to accumulate enough money to invest, whether that is to buy 1 BTC, 10BTC, 100BTC, 1000BTC, or some other personally satisfactory variant goal amount. 

I remember when I first started investing in BTC in November 2013, my goal was to  attempt to invest $30k and in six months, and to attempt to accumulate at least 30BTC...... without really realizing that there would be a downturn in BTC prices for the next nearly 18 months.  Anyhow, these kinds of accumulation goals have been tweaked over that time and certainly, i have also had some times of cash flow issues that affect my own personal abilities regarding the extent to which I am able to continue to accumulate.... but fair to say, over the time period, I have accumulated much more than 30 BTC..... hahahahaha..

Sounds like the perfect pump.
I'd be very careful about buying in during a run up like that combined with it being the IPO time as well.
Many alts have done similar right after release, huge pump followed by huge dump...

Any other ETH exchanges apart from Bittrex? If not, what are their verification/withdrawal policies like?

what the reason for the crash this time?

Would absolutely love for the core dev team to get on-board with bigger blocks and I'm sure most other people would too. Now that their bluff has been called, maybe we'll see them implement something.

Not unless the exchange itself (employees of Bitfinex) plays against you.

I don't think stop loss orders are ever supposed to be visible.

It may be easy for someone to simply guess where the stops are. You should avoid placing them on obvious numbers.

Traders can't make money is a market that doesn't move. I guess that's the problem there.

sick. just check the order book there are no sellers on gemini 35btc to sell till 500$  

But finex and stamp didnt touch 340 yet.
It would be great to go to >340 then retest 340 and stay above. I guess this would bring in new buyers.

Granted, the Wired/gizmodo article and research behind is somewhat better than that awful Newsweek "Look! Same last name!" story, but aside from that: whatever hard evidence Wired has (or has revealed so far) is rather flimsy as well.

that is escalated quickly.
whelp i would guess $500 soon.
bitcoin exchange in china is already $431!!!1!one!

<snip>


i think the case is not closed. the price of gold is MANIPULATED downwards. that means the price has been artificially lowered. what that means is that todays price of gold is not it's true value.. and what that means is that gold is on sale.. obviously, there are reasons why gold and silver have been manipulated downwards.

and here is another something you seem to have missed.. usd is NOT money.. it is a currency. gold and silver IS money.... if you require more explanation of what is the difference between money and currency then obviously you need to do some research before you continue to make a fool out of yourself in the bitcointalk forum.

here's a trick question for ya:: is bitcoin money or currency ??

you are taking sides with fisheater22, as if he is the reasonable one.... hahahahahahahaha    

What a joke.  

Congratulations bro!

I will be joining you at the next activity points update in 2 weeks

Welcome to the club. We're not allowed to ask anymore dumb questions. Now we have to answer dumb questions. Those are the rules.

You can at least walk into a Subway restaurant and buy food with Bitcoin.  Who takes gold for food?  Nobody?  Maybe some place in India?  Or maybe spending a $1000 gold coin at $1 govt face value?

dunno if you guys know...http://www.themoscowtimes.com/article/514363.html

Russia has blocked five websites tied to the "bitcoin" digital currency in an effort to fight the growth of the "shadow economy," according to a state media watchdog.

The list of blocked sites published on Roskomnadzor's social media page this week includes Bitcoin.org, Bitcoin.it, BTCsec.com, Indacoin and Coinspot.ru. A number of other bitcoin sites continue to operate in Russia, including bitcoin trading website BTC-E.com.

I also hear bitstamp is banned.

So for you someone using electrum and saving his private keys is not a btc user?
What is a btc user then?

Does somebody know ehat is causing this price movement?

I was told that despite the title of this thread it also serves as the block observer thread.

...

Interesting theory.

I am at the point that I try not to go all in.... even when upward is looking pretty likely.

A couple of days ago, when we were at $470, I was feeling like I didn't have enough bitcoin in my BTC holdings because the nearly steady upward prices from about $403 to $470 over the previous 6 weeks had caused my BTC funds to go from 96% BTC allocation down to about 92% BTC allocation...

However, the most recent downward correction allowed me to correct what I had begun to feel as an overallocation in fiat, and I a now a little over 96% BTC again.... Surely it feels like not a bad place to be, especially when there currently seems to be a lot of upwards pressures, there was a decent correction and chances of continued upwards are looking fairly decent, at least, at the moment... and looks like we could possibly break through the $467 this time?  

Do you have a source or link for that report?
Would like to have a look at it as I have found nothing in online news.

"On April 4, BIT-X has undergone a complete redesign and emerged again renamed as CoinsBank. BIT-X.com is henceforth redirected to CoinsBank.com."
Not that I know what a BIT-X is, but I guess coinsbank [facepalm smiley] can't be much worse than BIT-X as a name

Coinsbank. Kinda weird when they've spent so much on their sig campaign gaining awareness.

Not during a trading range of $1

I'm sure that there is quite a bit of regulatory risk in this space, even for big players like Coinbase.  there may be some concerns about attempting to engage in both wallet services and exchange services, and they may want to create two separate companies (or sell one part in order to avoid some of the overlapping and likely contradictory regulatory issues that applies to differing kinds of agencies)

I hate to say this but Coinbase is starting to look totally sketchy ... I called the Mt. Gox blow up 8 months before it finally happened (in fact I was warning to stay out of it since mid-2011).

johnCoinbase Support4h
Some US customers have not yet received USD withdrawals which were expected on or since Friday, May 20th.

We are currently investigating. Please rest assured that all customers will receive their funds.

Maybe ppl should make an eth wall observer...getting noisy in here

A small correction and suddenly  YYNBBbchnvv and his mates with names like 44TIZXbhmjh come out to play telling us it's a scamcoin piece of shit again.

Crazy.

Ancient history I know, but I can't find much or any mention anywhere on here of this article posted last month regarding our old friend Gox. According to this Gox was missing 80,000 BTC before Mr Karpeles even bought it.

http://www.thedailybeast.com/articles/2016/05/19/behind-the-biggest-bitcoin-heist-in-history-inside-the-implosion-of-mt-gox.html

Me neither. Bitgo appeared on Twitter saying their lovely security hadn't been compromise in any way whatsoever - https://twitter.com/BitGo/status/760624908334346240

So, er, what were Bitfinex paying them for if what just happened is possible? It seems they had to set it up like that to please the US regulators who weren't allowing cold storage funds to be out for margin trading or something.

Private keys 1 and 3 of the 2-of-3 multisig were used to steal the funds. Key 1 is bitfinex key, key 3 is the bitgo key. Backup key was not used.

I checked that on theses txs https://blockchain.info/tx/600aefe0cdaeaa302541e0840b0373d6a0e65ad199655984fa91edeb6bbccc32 https://blockchain.info/tx/acd0a3417027a54a9192af46ea96cec314206ee273ae2b13b95d08b88f1edca0

Looks like the attacker obtained bitfinex private key and a) bitgo private key b) bitfinex's bitgo's username and password and authy's credentials (that allows the hacker to create new tokens and remove daily limits) or c) bitfinex's bitgo's token

I had 0.1 BTC. The rest was in USD. Some of my funds were lent out at interest in the "funding" section, basically swaps but they don't call it that.  I was just trying to get my money out. I had withdrawn almost half before the shutdown. My dad is very sick and neither one of my parents can work while he is in treatment. I need that money.  I have to take time off work so I can take care of him during the next chemo treatment.  

I also am having a difficult time accessing my coins in cold storage. I can't upgrade my old wallet.dat file to the new format. I've been trying for weeks. Even have my own thread in the Tech support forum.

I need names of other victims. We didn't get hacked. BFX did. My funds were stolen by BFX. There was no hack of USD. If somebody breaks into a storage locker, the managers of the storage facility can't break into all the other lockers and auction off what they find to compensate the original victim. This is illegal. BFX claims I'm going to get about as much as I would if they were liquidated so I should accept their BFX token fake money IOUs. Think about that: If liquidation is the only other option, then they are tacitly admitting that they are insolvent.

Sorry, what's HODL??  I'm guessing Hold On/Out... something  

is there some kind of point in quoting yourself?  people think all kinds of things?  so fucking what?

monkey is looking for downside through next sunday, roughly.  also bearish through at least mid-September.  supports are 561, 537, 490, 444, 224

FYI monkey now thinks BTC is broken. Short for 1 month, at least.  I am not trading this (except to rotate into XMR), but neither do I accumulate.

Yeah, the monkey underperforms in BTC relative to other instruments, but he still outperforms me, if I interpret him correctly, and does represent a slight edge.  I don't have enough data (or time) to quantify the edge, but I guess its about 5-8%.  Consequently my sizing is small in BTC.  In SPX, UST, GLD, OIL, JPY, EUR, he does much better (or my interpretive skills are better, mutatis mutandis) -- about a 15-20% edge.  I have enough data to quantify that, but haven't bothered.

You will notice that I said I was not going to trade with the monkey in January.  It turns out that was the right call.  This time I am trading with the monkey, and time will tell.  So far he has me up about 4% since Saturday, on that small position.  XMR on the other hand has been a rocketsled up the mountain.

Consider Princeton University economist Burton Malkiel's "efficient markets theory." In his 1973 book, "A Random Walk Down Wall Street," Mr. Malkiel argued that if the market is truly efficient and a share price reflects all factors immediately as soon as they're made public, a blindfolded monkey throwing darts at a newspaper stock listing should do as well as any investment professional.

Every two months we test this theory. Four amateurs, four professionals and the monkey go up against the market, as measured by the Morgan Stanley Capital Index for Europe.

Amateurs, professionals and the monkey have now completed three rounds of competition from July 2000 through May 2001. If percentage gains are converted into dartboard points, the monkey has moved into the lead with 13.3 points, followed by the professionals with 4.4 points, and the amateurs with -81.22.

Bitfinex proved nothing. Bitfinex guaranteed nothing. Their ownership is murky. They answer to no regulator. It's rather hard to figure out what country they're in. There is no insurance. One of their main men stated that he traded on his own exchange.

I can't see any fundamental difference between Bitfinex and Gox apart from them making more of the right noises and putting up a more 'professional' facade. They did not deserve or justify anyone's money or trust.

Though selling pressure still higher on buying on most exchanges, something has triggered this.

15 minute candle chart shows mean reversal, possibly bots started to buy again.

Tim Draper's result aside, we don't know what prices any of the other auctions fetched. We did hear from unsuccessful bidders and the gist seemed to be they were lowballing quite significantly.

Still, exchanges intentionally screwing the bidders is kind of fun.

^I'm more of a snakes and ladders man, myself.
Incidentally, I heard there was some actual news about rekcahxfb. He seems (lol?) to have sent a thousand coins to a girl (lol). Those coins were from 2013, so probably an old scammer masquerading as a new one.

And so it goes.

Congratulations to 1NYT1f6Mbty6iZiHPQtM5fDSmSKk6e2HKN who has been 'randomly' selected to win 1000 BTC!

https://blockchain.info/tx/af467a1dac5c0f80f606d51596f3f5bff361533a96345bd21754cada15487c2e

Yes but in the meanwhile they are keeping on doing business. And they are getting again money from old and new users. I know people don't have good memory but, hey, if this turns out bad it is going to be really hard to digest for us all.

This was not some "simple" mistake.

Heh we should start a club ...lonely hearts missed train lame ass damn it all to hell ...frigging tired of waving off the dock at the ship sailing away club

(that made me feel  better....let the dark side of the angst flow......jedi crypto wise)

Corps or hackers? Come on, we all know who is dumping these coins and why.
People are panic selling just because we are losing trust after these big mamas getting hacked even with the best security possibly implemented in them.

Did Elwar not tell granny that he recently almost immediately lost 15% of the proceeds of the sale of his house to a devaluation, along with at least $5K appropriated by the BTC financial institushun he was using? That oughtta scare her more than an arbitrary capacity limit from 2010 being used to drive demand to a VC funded (not currently existing) scam layer.

Hello, I just moved to Germany...

German Consumers Flock To Cash As Faith in Banks Reaches new Low

ost of the Germans feel the European Central Bank is to blame. They believe the ECB is igniting eurozone inflation with negative interest rates. The first German bank introduces these rates come September 1, and more institutions are expected to follow. An interesting turn of developments for sure. When it comes to alternative forms of investments, Germans are wired differently. The majority of people never buys stocks or precious metals. Keeping funds...

http://www.newsbtc.com/2016/08/30/german-consumers-flock-cash-faith-banks-reaches-new-low/

Larger block size means lower security and therefore lower price. So no, if you want the price to go down you should increase block size.

Ah, Stolfi. Thing about him was, he was totally sincere. Can't even remember what his arguments were really, but he really believed them.

Taxes my friend, taxes. Once an approved Exchange Trade Fund is established there will be taxes on it. This is why IMHO the SEC will have to approve it rather soon. This is it 

We have only seen higher prices than today's for something like 10 weeks in bitcoins' entire history.

The price of Bitcoin has risen 4% in the past 24 hours to over $650, led by Chinese exchanges on the back of a mining conference in Chengdu, which optimistically pointed to the end of the Bitcoin scaling debate.

.......

Many believe the price is also being driven by Chinese speculators and investors returning to Bitcoin following the recent yuan devaluation.

This next rally could blow lots of little people's minds.

...

There's cup 'n handles on many time scales so the boom could be impressive ... and an impressive bitcoin move means 10x-15x. ...

Also, most people in bitcoin ask about/wait for "mass adoption by the "avergae Joes"". Which is hilarious, it is so not going to work out like that; all new tech got adopted by: first, a small intellectual elite who understands the paradigm shift; second: capital injection from a marginal but very wealthy part of society whom are ready for high risk/high profit scenarios, and has good advisors/insight; third: than last "Average Joe" has no other way (! it is not his choice, it is mandatory for him!!) than adopt as well, because remaining with the old tech is below marginal utility/1.

Same happens and will happen with bitcoin, we are kinda of the "intellectual elite", banks, ETFs, hedge funds etc. are the capital injection, and "average Joe" will be too late to make early adopter profit - we are speaking of 100x-10000x wealth increase on wealth rebalancing here - as usual (but still going to enjoy "risk free, already established advanced technology).

In what may or may not be a coincidence, just hours after Bloomberg reported that DB launched a probe into whether it "misstated" derivatives, moments ago the FT reported that the Bank of England is seeking details from large British banks on their current exposure to Deutsche Bank and some of the biggest Italian banks, including Monte dei Paschi, "amid mounting market jitters over the health of Europe’s financial sector."

It starts slow only to pick up steam. Volume is showing good signs, constantly increasing on the weekly time frame.