But what happens when the upper blue line collides with the lower blue line? 

Ugh, I was sort of liking the stability.

I keep on wondering whether all these buys are due to bottom-catchers fishing cheap coins or due to people scared by DHS news converting their fiat to coins and moving them out of Gox in a hurry...

Relatively speaking, were much further along. Then we were heading up from $10-$30 on a long climb. Crossing 100 was a big milestone also.

Mmmm well... BTCChina down, Gox with a 20 minutes lag when started to crash... Not really holding up very well.. I wonder they are being attacked once again... Definitely, it is really odd to randomly see Incapsula page when trying to access BTCChina..

Do you guys still believe this Willy word press bullshit had any significance? Pls.

Fucking knew that I should have shorted at 680, fuck...

Looks like a Bitfinex sell - 4k volume vs 2k on Bitstamp.

you mad?  

huh?



looks pretty much the same as it looked like 20 minutes ago (before the correction)

I don't care, she's nice to look at either way

been lurking since January, nice to see mood in here changing over past few weeks.  Bought back in at 460 but just got more fiat, any opinions on where to target buying again?

what the hell ?!?

I see it now:



all the USD swap offers cleared. demand ultra-high.

Thanks for the discounted coins Mr. Bear Whale.

Any word of why we just flash crashed?

Right now, the swap offers are close to being ALL GONE. If that was the result of panic buying, the price would be going up by a huge amount, not down.

Get a beer from your fav bull  day

post your address

that's partly what bothers me about Bitfinex, and the fact that they now don't seem to route orders through Bitstamp. they don't have nearly enough order book liquidity to sustain the massive amount of margin lent out. (and much of the book will vanish, as they are margin orders propping the market, not orders meant to be filled -- if you watch Bitfinex, there is no denying this)

Is it really profitable to hold leveraged positions like that when the market is moving so slowly, with the ridiculous interest rates on bitfinex?  I would have sold the leveraged portion of the position at $610 and then re-taken it whenever a breakout is confirmed. How is that interest treating you?

Yeah, watch how Huobi tries to go up but Stamp refuses to budge.

My theories:

1.  Huobi volume really is fake, and Stamp knows it.  Thus refuses to follow such a small percentage of the market in the up direction.
2.  Stamp is deliberately holding down the market, fake sell walls, etc.  Probably on purpose until the SR coins are sold.

My money is more on #2, because Stamp seems to have no problem following Huobi in the down direction.
_{(Although I'm still not convinced Huobi's volume is 100% accurate)}
[/quote

Let's hope 2 is right! Ready for liftoff.

We still cant seem to crack $600 consistently. Need to mount some more buy support at $600 and $600+

bitfinex trying to push up again.

man, feels like those gox bucks coming out of nowhere again.

I am placing the bet that next chart (in 40min) will show the value @$629 :-)

And it is difficult to get a man to agree on something else, when the value of his investment depends on others not understanding it. 

   According to the lines - no. If between bubbles - 6K. If it'll be a bubble top - 40-50K max. I mean if we won't trust the lines what can we trust at all?  

I'm just wondering whether or not any of this will come to pass with the hundreds of thousands of bitcoins in the hands of complete crooks and/or incompetent fat-head boobs like Karpeles.  Keeping my fingers crossed but I have a sinking feeling that all of this human greed and incompetence is going to slow the 6K mark down quite a bit.  Perhaps by the end of 2015 it might hit $6k.  (hoping for your scenario though)

You mean, if I had bought in late November, when I first heard of it? 

1) Wedge
2) Doji

Bid side is starting to look more healthy. We might see some positive action today.

I didnt understand the Bitfinex FUD in the first place, it didnt apply to open orders, just new ones so how was that supposed to have caused a mass sell off?

You villain

It is quite easy to be a bitcoin bear in 2014, none of you can deny that. We're almost finished with this year and it has been nothing but down, sideways, down, sideways, down, sideways, up (slightly), sideways, down, sideways, down...

What did Carl Sagon say about insanity? "Doing the same thing over and over again and expecting different results."

If you're not a bear right now, then I'm sorry, but you're just insane.

Bid side is building. All those panic sellers will be looking to reenter the market soon. Panic buy coming in. Moving more into BTC.

damn, choice time to buy right now, bottom was definitely 497

if you have a little faith, and some fiat, now might be a good time...

Stamp up to 516.5

I was wrong anyway. The Earth has enough rotational energy to winch the Moon down to the surface. (21x10²⁸ vs 8x10²⁸ J)

On the bright side, we'd have more hours in the day.

Thanks. I'm glad you liked it.

Upwards back to 550 soon. 550 is the 150 of 2014. Bounce around there for the next couple of months before launch.

There's 3.5 month left. We can go to the moon and come back again in that time

Quick, someone post some more good news so we can drop to 200.  Then MatTheCat can appear and say he was right all along.

Too bad you'll look back at that as being way too expensive in a few days.

i believe this bitcoin market, its a perfectly free market, there is no manipulation whatsoever!

FUCKING HOLD YOU IDIOTS

I edited that post to clarify a bit. Basically, the megawall on $300 was being upkept for awhile, But not anymore. Bulls are exhausted

SO much fear, am I the only bag hodler here that isn't worried at all? As long as it remains above $100 I basically couldn't care less.If we retrun to double/single figures I'll be pissed off, but until then, this experiment is still a raging success.

I don't think that's contested.

But if we talk about BTC lost vs BTC gained, we get closer to 50% (minus fees, vanishing/failing exchanges, etc., etc.)

3 BTC For a Grand!

BOUNCE TO 331.6

Take a guess what will happen?

You should ask if we will hold the 300's by the end of the weekend.

Things are really ugly. I doubt we will be at the 300's for more than a couple of days

Why would i be buying?

"If it went up in 2011 it will happen again 4 years later".

Very convincing.

Quiet as shit here now, everybody busy biting their nails while waiting for the sixth confirmation on Bitstamp or what? 

Im losing cause i dont want to send gov't id to stamp, too afraid fincen is going to shut finex down without warning, and too afraid that btce is just going to somehow outright steal muh coins.  Sucks being this paranoid. 

Yea less than 925 transactions left until ATH daily transaction vol! Thanks for pointing that out.

Market needs to go DOWN!!!!
DOWN DOWN DOWN!!

I need to enter with my last money at a slightly lower price

edit: any1 else hear a beeping sound on bitcoinwisdom?

I think we got 1 more leg down

top out at ~460?

<600 coins to 2900 and shrinking fast.

$15 gap between bitfinex and bitstamp?

Dont get me started on the difference between bitstamp and china...

Theres a 1000 sell order on finex now. I wonder if thats an arbitrager.

What have you call this?

Is the reversal confirmed yet for you all to get back on the train?

Good morning lads, with the warm wish of the day:

CCMF!!!!1

Something that seems to have gone unnoticed around here is that the total crypto market cap blew right past a quarter trillion dollars and is now approaching $.3t.

We waited a long time for this. Is the adoption curve getting close to going vertical?

Wasn't Bitcoinica the very first place you could play with leverage? Before my time so I've no idea what impact it had.

If you're feeling nostalgic you still give the same guy your private keys at Coinjar.

A wall at 9600. If that falls, not much left until the 10k wall of walls.

Total Crypto market: 0.3T+

It's funny how we are just casually chatting as if nothing historical was about to happen

If we hit gold market cap, hopefully most participants in this thread have enough for the rest of their lives.

Anyone else thinking as time zones wake up and check out the momentum that they pull a chunk of those sell orders at the 10k wall?  There is very little resistance after 10k on GDAX.  Next stop... moon?

Not this Monday.  There’s a wall of new users coming post Thanksgiving.

TERA - you are like the original bear. I hope you didn't wait for those $99 coins and got back in before $9k

make it stap D: weee

Man, we've gone from $150 to $11k while I've been sitting here. Another doubling in a month wouldn't even surprise me at this point.

That must be the most laughable dip I’ve ever seen. Pathetic.

For every future "short" that is sold the market maker MUST buy BTC in order to hedge. There is NO ASK market in the beginning. To sell short, someone has to BUY to sell to you.

This means futures are initially bullish.

This sounds horrible.

osht i woke up and im up 15btc on dogecoin

CME has just increased their margin requirements for shorts to 500%.  

Approaching Gdax ATH $19,697.  Someone hodl me. 

Fuck it.

Moving a small amount of BTC to Gemini.

Will pull the trigger $20k.

Why not ?

Oh yeah, and bitcoin down 600 USD on Stamp.

Last of the V8s moving a part of his stash (and scaring us):

I do like my pepe coins!
They will be worth more than gold one of these days.

We are reaching for $12000 now. Buckle in moon memes are about to roll out soon!

12k is in again.  
13.5k is 61% fib.

There goes that alarm again. 12k bitstamp.

12k. Expecting another 500 within hours.

Fasten your seat belts guys --> only one direction, brakes broken anyway! 

seems to be hesitating a bit right at the highest possible interpretation of the channel top...

It's time to sell  

It's over 9000.