There should be a way to get some information on this.. to attempt to figure it out... maybe cannot be 100% direct evidence but reasonable inferences. 

Maybe a good project for Jorge?   

it'll take as long as it likes. pick up coins if you like.

I dont think 450 is strong enough to hold this back. fundamentally, and technically. next stop is likely 400, that will give a good fight. much more price history there, and a fib retracement of the impulsive wave.

We have breached 472.50.  If we continue lower, the next major supports are at 454, 400, and 355.50.

We are ignoring China now.  They can join us or get left behind.

RAAAAAAAAAAAALLLLLLLLLLLLLLLYYYYYYYYYYYYYYYYYYYYYYYYYYYYY

dogecoin

Did you guys notice that over 4000 BTC shorts were added after this last leg up. That is A LOT of BTC bet against the current uptrend.

I wonder where these shorts would squeeze?  I am thinking it would have to be over 620, because they are probably betting on a serious retracement at some point. Can't say its a bad move, but I am long, at least for a little while longer.

Off-topic: DRK suspended at Polo - forked / f***ed.

Anther one bites the dust?  Still on sale at a quarter of today's price at Cryptsy, but a bit of a lead balloon right now.

Just bid a 10 satoshi for a few in case it survives

Such fake walls. At some point people will realise that the majority of times someone puts an ask wall up he only wants you to dump your coins into his bids

With this dump it is looking more and more like it did right before the massive run-up in November. 

I guess this is a good sign then? 

there was massive bear traps on the way, i know, i fell in every single one.

The listing of COIN will be a liquidity event like no other in BTC history.  The most extreme bubble in BTC history is the 53x ramp from April to June of 2011.  It would be unreasonable not to consider that the impact of COIN might exceed that event, therefore.  A 60x ramp would achieve that by a significant margin, without breaking new territory.  

Let's suppose that there is a 50% chance of COIN being listed, and an 90% chance of a multi-month topping formation to ensue, and a 10% chance of that formation, conditional upon its formation, breaking a new scale record.  I consider all of these estimates to be low-ball.  The resulting contribution to the aggregate value of a bitcoin in Q1 2015, over all scenarios, is 920; a 25 bp/diem return means that if all other scenarios were flat zeros, even so your expection is net 9 bp/diem positive carry against current BFX margin rates.  

If the stopping time of a 13% margin call at 620 is less that sqrt((920-620)*9/25) ~ 10 times the duration of the scenario (I take at 160 days), then there is a net negative expectation.  I will spare you the stopping time calculation (a bunch of stochastic integration very ill-suited to a forum post).  It is much less.  In other words, I consider provable given a few reasonable and not very limiting scenario assumptions (although not here proven even conditionally) the (perhaps obvious) conclusion that even the most eggregiously optimistic scenario cannot justify the risk of full margined carry, unless you can get substantially better rates (or higher leverage limits) elsewhere.

Holding, on the other hand, is a no-brainer.  

Intermediate leverage falls between, and I have yet to calculate the optimum, which depends on better scenario coverage for its confidence margins.  It really requires a numerical approximation to do it on a principled basis with reasonable margins, at my level of understanding.  I couldn't expect to produce a closed form for the general case in the time one could allow to do a doctoral dissertation, so it's just not practical for me to try.

TL;DR: HODL

I think it wont go more than 550...the bid side will build up and another dump will follow.

.... there is talk of a $200 million "six month" bender to warm up.... (not "that much" in the grand scheme of things I know.. but still some added buying pressure, if they bought the same amount every month at the current price that would work out at 400,000 coins in total, and 66,666 coins per month - and there are around 108,000 mined a month and they are just one buyer) I realise that they are more likely not going to, or necessarily be able to buy the same amount of coins each month for the same price.. unless they are rather smart about it, and I also realise that sellers will supply some of those coins , as opposed to freshly mined coins... however as I said... it will increase buying pressure snapping up some coins (for now) for a while.... and it is just one playya.

what level did you short from? are you leveraged, and are we talking a substantial amount of wonga?

I closed my 0.013 short below 0.01.  Just looking at LTCBTC I'd probably hold on to a short if I had one, but I'd rather be long BTC.  If you are short in USD terms, I would GTFO.

I'll be looking for a buy opportunity when BTC gets closer to reaching new highs..

LTC/BTC is at a decent long term price point at 0.01 (You can easily double your BTC if you hold until the next bubble). But I don't think we've seen the "point of maximum pain" yet

Pretty much expected scenario - no rally unless the masses enter again.
Now only speculators and fans - with the ASICs we lost too many hobbyists and why the hell should some middle/lower class newbie buy in these prices?
Because moon?

EDIT: Not to mention that the Ripple/Fidor partnership will basically get the biggest piece of the remittance industry

If 3100 wall on huobi fall, we are in trouble

I've read that Jersey is a fiscal heaven, i'm wondering (no trolling) if fund like GABI can be used for somehow dumping bitcoins for tax free cash instead of buying like everyone seems to be expecting.

i thought after 5K coins traded at this level the walls would get busted one way or another, but no... we've traded over 10K now and still no movement...

price movement?

NEVER AGAIN

I wouldn't say much is going on. This is all very low volume, and Huobi actually looks to be forming a rounded top. If we don't see any panic buying very soon, I think we will pull back.

Have you really only been here since June of 2014?   Are you one of "those people" that were just here for the "July/Aug Rally" and now it's not materialized, so fuck this place and fuck Bitcoin?

holy fucking shit!! O_O

https://www.youtube.com/watch?v=pF7HxLCFMeY
PayPal featuring Bitcoin in his app, "We can spend Bitcoin with a tap"

Take a look to the video, second 9 

Yep.  Otherwise right now the public would feel that a 700, 800, or even a $1000 coin is still a good deal, and the current price is a no-brainer.  Which they don't.  Even as a bitcoin enthusiast, would you pay those prices?  It's going to take a long time for people to feel that those are bargain prices again.  A long time.

In fact, it's going to take a serious influx of investor funds.  Not sure when that will happen again.

There is a $5 minimum limit on orders at stamp.

damn china!

bullshit. If we're going to $255 then we're going to $350, but I think we might be going down first. Time will tell.

It's a real breakout, but we don't know yet if it has legs. Just like that little bump to $$248 on Feb 3rd, there's money to be made trading these little swings, but I don't have the balls to do it for fear I'll miss out on the short squeeze to $350 that's coming. The CB pump and dump to $315 was a no-brainer. I trade the no-brainers and leave the smaller swings to people smarter/luckier/more ballsy than me.

As I said weeks ago, I buy a little every day until the short squeeze or for three months, whichever happens first. Gotmilk was right. MACD is a trailing indicator. It is not useless but its utility is limited. There is no crystal ball. The closest thing we have is the Four Punch Pattern, market momentum and the order book.

We are still at 20,200 shorts.

They may be underwater, but there hasn't been anything approaching a squeeze yet

Sort of suprised.  I would of thought we would have went sideways for a bit before a spike up.

You guys think 268-270 will hold?

took profits. may buy more if dips a bit!

This might be a tiny drop for chart noobs but this is serious, new low.
1700-50 very possible next 1-3d.
Maybe start of good correction.
I wouldn't go long now.

dannyspk

Woah

Big buys

Bears are out of ammo, and have been for some time. Double/triple bottom is evidence. Between that and the bull divergences I don't see how anyone who can read a chart could be short right now, besides the usual suspects who rode in on the short bus.

And Fresh money is buying, not leveraged loans, its time to become Bull  

Oh goody....its been ages since we had a meaningless countdown to get all worked up about...maybe someone could do a clock.

More concrete 21 news. A bit of a mixed bag, but they got a lot of funding.

http://www.coindesk.com/21-intel-bitcoin-mining-strategy/

Difficulty has flatlined. In my experience, the average electricity cost to mine a bitcoin is still around 150 USD.

As Satoshi said "The price of any commodity tends to gravitate toward the production cost. "

Of course, if there is another speculative bubble which drives up price, the increased profit motive would incentivize more mining capacity to be brought online, which would cause difficulty to increase, thus the production cost also gravitates toward the price.

Quite an interesting economic feedback loop.

We're getting bored eh?
I miss when 10 dollar daily rises seemed normal...

Yeah.... that wishful thinking could be totally wrong.  Surely 5x is easily doable in that amount of time; however, since bitcoin prices have been so stagnant in the $200s arena for more than 6 months, absent some kind of world currency collapse or some other major upheaval to world financial markets,  it seems to be a fairly big long shot to get a 5x upward movement in BTC prices in the next several months....

Maybe I am jaded? 

I would be interested in seeing $300 and then $400 though in the coming weeks, and then maybe I would become a little more optimistic regarding bitcoin price direction.

Greek banks will be closed tomorrow.


And in the mean time idiot dumpers keeps dumping.

Hello idiot dumpers buying back above.

Can you believe there are still people dumping?

There is no profit when selling bitcoin. You're looking at it backwards. The only profit is more bitcoin. If you keep selling and buying back in higher, you are losing money.

did you managed to withdraw?