on the shadow of the latest PBOC released a statement about not banning Bitcoin, There is someone who claims that he have some friends who are in the industry and work with a couple major Chinese Conglomerates, he stated They have all said (his friends) that the Chinese Government employees are loading up on BTC behind the scenes, and working on regulation, meanwhile others are dumping....

Compared to other forms of theft, stealing bitcoins is actually very easy, very safe for the thief, and extremely lucrative.

Do I need to tell the many ways in which the private keys of a victim can be obtained by a thief? Once the thief gets hold of the private keys, it can immediately use them to transfer the victim's bitcoins to any other address.  This is easily automated so millions of coins can be stolen from millions of victims while the thief is taking a nap on the beach.  (Or even dead!) Compare that with trying to steal the same amount of cash from the same number of victims by stealing their credit card data or bank passwords.  

A bitcoin-stealing virus or trojan does not need to communicate with the thief or leave any other clue that could identify him.  The thief can leave the stolen coins "sleeping" on the receiving address for years, and then "cash them out" in many ways.  Again, try doing that with credit cards or bank wire transfers.

Another way to steal bitcoins is address phishing: the victim thinks that he is sending bitcoins to his car dealeer, but in fact the account address he got from their webpage is the thief's.

But we do not need to discuss theory. The MtGOX heist alone stole 5% of all the money in the bitcoin economy.  There have been dozens, if not hundreds, of other heists; the total may be 10% of all the money.  AFAIK, none of those thieves has been identified, much less caught; and none of those stolen coins were retrieved.

I don't think that will be sufficient. There's no way to tell right now. If you have bitcoin gains in your tax return, this tax return is going to be a preliminary one anyway, because no one is sure how to handle it exactly. That will be the case for at least a few years.

If Miners are smart and big enough they should (and probably are) creating a futures contract with buyers. This would protect everyone involved.

So we can finally close the China bans bitcoin chapter? 

Anyone know if the bitstamp thingis real and should we be worried?

Do I need to get my coins out of bitstamp for safety?

Didn't they pass a solvency audit prior to the fall of Gox?

Funny, since the rally began, the price stops increasing for a few hours, every day, around 03:00 am China time.   How weird.

If we are talking about the exact optimal sell point being when the exchange rate is +0.4...+0.45 log points above the exponential trendprice of the date, yes.

(The previous great bubble of 6/2011 became so quickly after the listing of Bitcoin that the exponential trendlines did not yet give reliable signals.)

I am curious as to why Huobi is still doing this high volume.  It is comparible to the volume of the rally in April - maybe 20% less. Now this is after caixin news, after all of these bank account deposit options being shut down, and after leveraged trading supposedly being shut down - and nothing has changed with the volume.

I wonder if ltc/btc bottom will be around 0.0175-0.018 or ~0.014, dont think its going to re-test 0.01 and below this time

I think it best to always be fearful when trading Bitcoin

You are 100% correct. These traders are completely obsessed with charts, fractals and lines and fail to see that buying and holding is very often (way) more profitable.
They are obsessed with ridiculous buy in goals which they rarely get. The few times they make some profit is not worth it because they lose it again plus more when they miss the train. Which in the end they pretty much all do.

We all know the result. Sad and pathetic attempts to spread doom around here because they need the market to go down.

Anyway, it's kinda fun to watch so i hope they won't stop.

It is good to be fearful when trading Bitcoin because bad news can strike at any moment. A DDOS on an exchange is all it (could) take. For this reason I always have a stop loss in place. My overall strategy is to add to winners and quickly take down losers. It is pretty easy for me to enter and exit because I only have 10 BTC to play with. Currently I'm holding half my stash and I occasionally trade with the other half. Doing it this way gives me more confidence in my decisions, helps me sleep better at night, and still provides gives me a very good feel for where the market is currently headed. It is working out ok, but I would have done better if I had been holding all my BTC since $340 or indeed since $450. This is my first experience with a bull market and I'm still a newbe trader. The bear market taught me to cash out my winners early. I still do this with half my stash the moment I sense a drop is incoming. An example of this is when we had the latest drop: I got out just before it happened and I called the bottom perfectly. But then I took my winner to early and missed the quick rise back. I feel I keep learning and this is also important for me.

Seeing big walls on the ask is normal in bull markets. It implies that people can sell on the ask rather than dumping at market and aren't causing a panic of traders dumping at market.

If tonight will be as last weekend.. ooooh BOY OH BOY  

300 BTC wall @ bitstamp is getting eaten coin by coin ?!

650 by 2 of June. Now btc itīs climbing 15$ per day, so thatīs my guest.

Regarding volume, I tried to register for Bitstamp a few months ago, and it asked me for a scan of my passport and social security card.

That's not only a no, it's a "Fuck No".

That with the rumored difficulty of withdrawing, Bitstamp's KYC procedure has effectively killed off its volume.

I made a shit load of money investing in Litecoin, I bought at $0.17 last year, sold at $38 and bought back at $20.... and I invested the last Bitcoins I had into Litecoin this week. so how about that so tell the car and the Bicycles thing to someone else...because this year we will be talking yachts with Litecoin.

He bought at 9$, I can confirm him saying it at the time it was at that level, and he said he won't sell until the next bubble.

LTC is guaranteed profit right now though it might go even lower for even better trade.

Weee! I made the price go up $3


Yeah, it went up like 10k from yesterday.

Also, you guys who were afraid of Bitstamp, they're loaded!

Litecoin on the other hand might just bottomed (if not fake walls)

Ripple price has been fairly stable the past few days, so unlikely.

no its not.

Yep but people aren't here flapping about bitgo are they

Multisig addresses will become the norm in the future but Im waiting for a fully open sourced implementation to trust it.

lol I know Armory, it controls one of my luke warm wallets, we're talking about online wallets.

1136 down to 1021...  You just lost 10% right now 

Can I get one of those crystal balls too ? Seriously, what makes you know for a fact it will bounce back up ?

eh, that just made no sense at all. You started off by saying you know LTC will bounce back and then in the next answer said it was grossly over valued and provides no additional value    which one is it?!

I seems to be quite useless to try to explain why bitcoin is a good thing to anyone who does not understand the current fiat system. And equally useless to try to explain the problems of the current system to those who depend on it for their livelihood.

I invested to make money and to be able to reach some goals ( the volatility makes it easier than working hard to earn that money )... I literally don't give a fuck about the technology behind it, it is a cool innovation and all but I don't think it is a reason for to risk my life savings and be a "strong hand" when I could collect profits and not be a greedy bastard.... most of the time people here will attack you when you tell them that you are trading to make a profit or when you tell them you cashed out some of your holdings....

 I want to remind most of you here that it is not your fucking problem what I do with my money or what I think about any investment...it is still my point of view and I don't want to hear that I am being "foolish"... period.

My first rule when investing is not to invest funds with an obvious scammer.
I will respect that rule, even if the proposition appears attractive by all rational, objective criteria, because I have learned from hard experience that a truly corrupt person can think of more ways to steal money from people in the course of a pleasant spring afternoon than I could ever hope to imagine in a lifetime, not being trained to think in this manner.
(In fact I have gone to great lengths to train myself NOT to think in this manner, lest I should be tempted to pursue a particularly lovely idea at some point, elegant ideas being so dangerously, intrinsically compelling.)

Reality is not a stark as the terms I will use here.  
There is gray, there is color, and I describe things in black-and-white, polarizing terms.  
I do that to clarify and highlight the issues I consider dispositive.
You might consider other factors dispositive.

Nxt is a premine scam.  They generally end up like ripple, like bytecoin - most do not fare as well as those pathetic cases, in fact.  
I think that in a democratic society, or common law, people who perpetrate these things would be criminally sanctioned.
Nxt is a very good premine scam, better than ripple, even - far and away better than bytecoin.
Mussolini was an extremely good dictator, but that would not make me buy his soap.

Nxt doesn't have any actual reason to exist.  
There is nothing in the 2.0 apps which Nxt has now or in the pipe which requires creating a new currency.  
Therefore, the only function of the currency is to take money from suckers and give it to the founders.  
There are honest and accepted ways of capitalizing a venture, but they chose to use deceit instead.

I might scalp Nxt for a quick buck, but holding would actually enrich these people. who are morally incompetent, whether by idiocy or by criminality, so I won't do it.
Moreover, I can't construct a scenario in which Nxt retains long-term value.
It just doesn't add anything.
The Nxt software looks quite useful and good.
It will be reformulated to work without Nxt currency, if it demonstrates its value in practice.

The only good use of currency is for currency functions:  Exchange, transmission, and storage of value.
Currencies are not a way to lever a distributed database or transaction protocol into a tool for sucking money out of other people's pockets.

That said, you may do well in Nxt, if you time your entry and exit well.  
I would advise against it for both pecuniary and moral reasons.

I read the auction's terms: you cant place multiple bids (!) and the bids are sealed.

someone can explain the low volume + price rise?

I think this is a real possibility. We aren't likely going below $500 for more than a day (couple of hours) worst case scenario and we may not go above 700 until we get guidance from NY. Thats suppose to come this week, but could be longer as most legal matters and rulings don't happen on schedule.

I used to tell people to invest at any price if they are thinking about a long term investment (couple of years) but at this point I am losing faith, and the last time a friend asked me about investing I told him that I don't know and he has to study the whole market himself, I don't want to see friends being thinking how disappointing this investment was because of me.

Let's countdown together, just like newyear's eve

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.