How many times do I need to tell that we will not see 100 again?  

I think the Liberty Reserve news is a big deal.
LRUSD was the virtual currency of choice for a lot of shady or barely legal businesses.
I estimate a few TENs of millions LRUSD are now suddlenly useless.

Did we just see a 2.5k sell without the price moving?

there is not buy volume 7k (last hour) Wall removed when volume dropped below 6k

Mt.Gox information policy is strange. They deleted the Dwolla news and didn't say anything about DHS, not even till now, but now they are playing heads up? +1 for something is in the air, but at Gox, not OKPay.

Pray tell, what is your buy in price? If you are sitting on a million euros or so, i'm sure we can prop up the price. It's the greater good!

Surprised this rally hasn't been killed quicker, all the bears sleeping?

Or are they waiting for bids to build? There's 3.5kBTC above 70. That looks like tasty bear food.

Seen more buy pressure today but it's not convincing of a rally.

No, not really. Bid depth on those exchanges pales compared to Gox.

All the money is on gox and will not replenish. Current buys = capitulation.

Even lower this time I presume. Operation Bubblepop in progress.

Even after the big bad news from Western Union that dropped their stock yesterday, I'm not buying back my short position on NYSE:WU.
Long Bitcoin, Short WU unless and until WU buys MtGox and saves both WU and Gox, then I buy back and go long for the long bomb.

Seriously though, if Gox had WU's Money transfer licenses and global reach, and WU had... well...  bitcoin, they would both survive.  As it is they are both dieing.
If the goxxers here need any help putting that deal together, give me a buzz.  

Do I hear $500 tomorrow?  It's quite possible given todays high was $70 higher than yesterday...

I'm wondering if it's the same player who bought the 900+ BTC on the way to breaking 1000 USD on stamp. Pave the way past a resistance, sell what you can over 1000, sell the rest to cover whatever you didn't manage to sell yet. If this is the case we shouldn't see much more than 900 sold this way. Otherwise, who knows.

ok guys who of you produced this advertising pitch?

http://moneymorning.com/ext/bitcoin/videos/video-bitcoin.php

how come I've never stumbled upon this before?

Where did this video show up? I'd like to know how old it is.. The pumping is now being directed to the dumb masses..

Someone just panic-market-sold c.200 coins on Gox to bring the price down to $900.  Who does that with such low volume?

We will see. Gox has been claimed to be dead many times before. They make so much from fees, Karpales would have to drink about 40000 frappachinos a day to burn through that much money.

Any reason for this rise?


Fuck these irrational markets. Bitstamp rises because MtGox rises. Then MtGox rises because Bitstamp rose. These two exchanges are jerking each other to the fucking moon.

Hopefully there will be lots of Oscar coverage. I just can't gets me enough actor worship.

trolling?

a lot of us here know how great bitcoin is, and so we expect huge money in the shadows all the time.

I challenge this for two reasons;

- institutional money is timid to enter the exchnges. it is a lot of risk to hold millions of dollars on an unregulated exchange.

- not everyone thinks it's great! we are in good company, but never far from a bitcoin basher. we would be wise to expect corrections to natural fibonacci levels than guessing that the illuminati is ready in the wings to buy billions of dollars of bitcoin!

This feels like capitulation.

all i can say is bitcoin is a crazy bull and its Up and Down CRAAAZzzzy Dride but the Long Term is very bullish,

could be next year its 250 then the next 3000

could 5000
could be 100,000 in 3 years

lik it could be 98$ in 3 years then make a crazy comeback in 2020 and start a 12 year bull run to 1,000,000$ a coin,....

no one knows but most people agree butcoin long term is up up up

https://blockchain.info/charts/hash-rate

 

Some bullish thoughts:
If we enter the double digits range itīs probaby to late to sell, i can īt see us stayin in single digits/lower double digits for more than a few days.
But hey after all, itīs the honey badger isnīt it?
 

A 4k buy with maximum slippage right at the end of a wedge. The guy had plenty of time to buy during the wedge and instead chooses to buy when it hurts his wallet the most. Looks like manipulation to me.

Thanks, I will use that during the runup $1,000->$5,000. With 10:1 leverage and 1 million initial investment, that'll be... 40M profit.

When I take my 3 month break from bitcoin trading and come back, I bet it'll be exactly $445

which requires btc.

think it through, people. sheesh.

I predict a crash to $300-$350 in 7 days.

Based on the remarkable similarities in these 2 charts:

Double bottom at $2 in 2011.
Our progress so far in the bottoming process.

Somebody with more visual tools could clarify and present the case. I will have to explain:

2011:
- 3 RED weeks ending with a flashcrash to $4
- 2 GREEN weeks recovery
- 4 RED weeks ending in a flashcrash to $2
- GREEN-RED-GREEN pattern in recovery
- another flashcrash to $2.

2014:
- 4 RED weeks ending with a flashcrash to $400
- 2 GREEN weeks recovery
- 4 RED weeks ending in a flashcrash to $340
- GREEN-2 REDS-GREEN pattern in recovery
- ?

(to be found out in 7 days.... )

I guess that guy has too much money and wants to sell his coins cheap. Very altruistic of him. Just like that guy 2 days ago who dumped 600 coins while we were going up. Very nice guy.

monkey says down a bit now, intraday.  still looking for daily gains through late next week.  

in case you care: monkey thinks the s&p is very, very toppy here on a daily basis (monkey starts to buy vol over the next 2 weeks, makes diagonal puts with weekly options) and yet wants to buy USDJPY later today for a Monday reversal.  monkey is contrarian on TSYs and wants to buy some now, some more in a few days, to sell late next week or early the following week.

550

BTW Finex  

Itīs happenin. Margin calls.

Come on, one more spike down so I can get me some moar.

This FBI thing is NOTHING to be scared about. I consider it bullish, but I consider everything BTC related bullish due to the fact that IT'S BITCOIN and ANTI-FRAGILE.

Yeah....and on low volume!

If we have slipped -$20 below the Jan 2013 support line on this sort of volume, I wonder how low we could ping when a bout of panic selling kicks in?

Looks like yet another time where I have called the market correct yet stand to make no money. I was short. But unfortunately I was short on Bitfinex whilst market was still consolidating and was also foolish enough to set a stop loss providing Bitfinex with all the tools it needed, to farm my Stop Order along with a whole bunch of other Stop Orders. Indeed, because of the shady way that Bitfinex front run clutches of Short Stop Orders and then sell back to them at a higher price, on this occasion, I have called market correct and actually lost money.

This is insane.

Do we know when the first ETF will launch? I think that could be the thing to propel us to alltime highs.

Is this a serious statement or are you just being funny?

The fund (ETF) isn't going to "IPO."

so almost 133 BTC sold for $9798.99 each??


how is this not bigger news....


some eccentric whale testing the waters?  a drunk day trader?  time travelers from 2015?

Looking pretty good short term. I think Bitfinex is dragging the others up as people re-leverage.

Yeah, turns out that Bitfinex actually can lead the market nowadays. Even the Chinese are following.

I think what you're looking for may be Willy.

Exactly.  Creating the walls took too many coins out of higher asks.
Break the wall and we cruise to upper 500's.
I took a small bite at 510, but no one followed.  At this point (505), if someone buys 250 coins to get the ball rolling, I am sure the wall will either will run or get eaten.  505 feels very cheap.

Yes, huge news: chart movement in last days and trader tension. As most of the time of huge moves, no other news.

https://hitbtc.com/market-analytics

"Talk is also starting to pick up in Bitcoin circles that big players might be considering taking some profits from their early entries and mining profitability is starting to get stressed at these prices. "

Tone Vays is a 10 year veteran of Wall Street working for the likes of JP Morgan Chase and Bear Sterns within their Asset Management divisions. Trading experience includes Equities, Options, Futures and more recently Crypto-Currencies. He is a Bitcoin believer who frequently helps run the live exchange (Satoshi Square) at the NYC Bitcoin Center and more recently started speaking at Bitcoin Conferences worldwide. He also runs his own personal blog called LibertyLifeTrail.


Thoughts?

The useful and prescriptive indicator being opinions of the ignorant?

Because many Bitcoiners consider it a store of value?

like i said, Huobi needs time to consolidate, there's a big battle to be had for 3,000.

Bitstamp and Bitfinex both proved their power by buying out similar sized walls easily and in big chunks. The reason i hate that we follow China is they don't seem to have the power to buy as big. They do have bigger volume but there's rarely ever a buy over 200btc, it's just thousands of small trades over and over because of the 0 fees. That's why it's so frustrating to see us follow them, when clearly we have the bigger and more powerful traders.

lol going long on Huobi/OKcoin is oh so tempting , i doubt i could get 10x on my holdings, if i did i'd absolutely destroy their orderbook.

I enjoy trading small amounts on small $10 swings.  If I make a bad call, it is easy to get out even or at a negligible loss.  Anything over 100-200 coins takes a different strategy, much better execution, and is usually higher risk.

DANG! This is their move against the recent apple faggotry... Well played.

It looks like they decided to turn the China Manipulation script back on at Huobi...

I don't think fees are the issue.  Fake volume is.  Maybe bitstamp needs to make its volume appear 10x higher than it actually is...

The closer we get to 400 the more coins are added on the ask side.
These people are extremely afraid we go over 400 and that their coins will be worth more.

Agree that longer term plays are still relatively easy.  Those would be the high "win rate" plays.  Losing edge on the shorter term plays will have a dramatic influence on variance tho.  It's where the bodies are buried !  A slow leakage, that slowly hastens in time due to excess activity.  The analogy being to the online poker player that met his own eventual demise by being overly aggressive and too "active" with other very competent players.  Variance skyrocketed with few people noticing or fully appreciating it.  Some of these otherwise competent players went bust from an extended "cold streak", farther stretched than anticipated.  Some of them had a "hot streak" of course, which only instilled a false sense of confidence in one's "game" and talents.  Those players would move up in stakes rapidly, with that confidence, before the variance would inevitably bite them in the ass.  

Least in Bitcoin there's a simple solution, focus on the higher win rate plays which sometimes require sitting tight.  Don't fly too close to the sun.