Sorry I've got no thoughts to contribute at the moment

I interpret that as it's going to edge between 122-123 by the end of the day, with little resistance to a full rebound to 128-130 as cash starts flowing in towards the end of the week!

If we could all knew 1 hour into the future we'd all be millionaires..... Just go with the opposite of the herd mentality works most the time on open markets.

Edit: as you seem to be apart of the herd mentality or bluffing I'm going for the opposite of what your saying

Ok, good luck with that.
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Cheer's Pal wish you good luck too!

Clark Moody's a miserable fucker, stay positive mate

Disclosure: I've just done my brains buying back in!!!

I agree but dicks need pussies to fuck so is it really a bad thing???

I think so too no need to hit panic stations I think it's somewhere between 105-123 in the next 48 hours, with a following upward trend after that.

I just took a dump as well... outside my butchers in a dirty protest to the recent Turkish clash with police.

Well I suppose without ups or downs you might hit some kind of horizontal Plateau I suppose!

The only reason it's dropped is because someones having a massive sell off, news is good, Chinese are buying and every big sell off makes the market more dispersed.

A lot of people are wishing the same I don't believe they're thinking

It's Bot spasms

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The volume has fallen at each buying period.
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This could be a reflection of MTgox users cashing USD by purchasing Bitcoins on gox to sell at other exchanges. I think this will carry on for another couple of weeks pushing prices artificially higher, therefore maybe until Gox sort there problems out it's better to look at human behavior than lines on charts.

With a faint wind and tumbleweed blowing across the floor of Gox this Saturday, looks like we're waiting for the first draw between Bull and Bear before we can predict the trend this weekend!

can anyone succesfully log in and see the order book on bitcoinbuilder? think it's been hacked due to maliability

Thanks no-ones read that yet.

thanks no-ones read that yet.

Note to self: Learn to add the sarcastic smiley at the end of sarcastic posts.

I wonder why the bitcion builder price is as low as it is my thoughts are:

-Even if the crisis document is true than liability's/assets puts goxcoins at about 5-1, not 20-1 as is the current price.
-There's a speculative chance and good reason to believe that document was highly exaggerated or a takeover could be on the cards.
-The market fluctuates wildly I've got roughly 8k USD on that exchange after having pulled out my original 5k stake.

Any thoughts as to why it's so low?

So let me get this straight, it only took a simple check of addresses associated with MTgox to completely undermine the credibility of the crisis plan document and show that Gox is in fact solvent.

Woah bit hard to get my head around this but that logically means that pre-announcement Gox coins should be trading at around .5 , yet are being traded for just 0.06 at the moment on Bitcoin Builder.com. 1000% profit? yes please I'm going to get over there now!!!

There's some bloody funny public notes on those gox addresses just reading through them now!

Public Note: Hi! My name is Preet Bharara and I'm homeless Indian junkie. I'm accepting donations to buy crack for me and my ugly wife. Please help me. Thank you.

I really don't get why people are speculating that gox has lost keys to wallets containing massive fortunes!!! there's absolutely no news to suggest this so it's like people can't handle the shock of the good news and are trying to stop the party.

The fact is it completely discredits what was laid out in the crisis document and is an ultra bullish sign for anyone holding GoxBtc now!!

Wow I'm really bullish on Goxbtc at the moment I think once this latest news gets widespread I can really see the price rallying back to .33 in the next 12 hours!

I think twobitidiot got news of the gag order and took full advantage of it to manipulate the market knowing his story couldn't be disputed.

People are off their heads gambling on that toxic gox shit! If there was really a silver lining don't you think everyone in the know and there familys would be buying and the price would be 5x higher now??

It's very interesting that despite it being public knowledge that within the next few hours Mark Kapeles is going to announce bankrupsy proceedings with enough capital to potentially pay out at 1:30, that the price on Bitcoin Builder has rallied to almost 1:10  .... looks like people that haven't lost shit loads of money already want to join the party, be interesting to see how fast/low this falls post announcement.

Totally disagree Rihanna is hot!

has the comment about the loss of bitcoins been verified?

I know as do all other members of the BitMasons. Few people understand the degree to which secret societies like the BitMasons wield power and control behind the scenes in our world.

i like phones but not all the people like phonez, phones connect more than two peoplenow through webtronics and such an interesting formular used by bell and jacobs to determine number of people and people within proximity was p=c+ir when p is equal to total people, c is connected people and ir represents people in the room. phones r also larger now in terms of volume this can be described as bigger

is dis coin dead yet?

Wow very interesting comparison! You probably know, but if you layer Google trends over Bitcoin price charts it's startlingly similar!

Oh dear i really think someone here that's better connected, needs to call the emergency line to let the bitcoin foundation know it's all heading south.

You're substantially over estimating the thought capabilities of over 99.87% of market participants, I would really struggle to believe this overwhelming statistical majority even understand which way to hold their toothbrush.

Common sense beats technical analysis every time.

Dell, Paypal that I would have had wet dreams about joining bitcoin a year ago, have little to no impact on the price as it continues to edge it's way down. A lot more people have money in Bitcoin they want to get out then money exists on the order book. There is a bottom to it somewhere but pissed of panic stricken investors will severely overshoot that mark on one dark day soon. Low buy orders doubling up as you go further down from i'd say a starting point of about 200-250 depending on how much of a gambler you are!

Also be aware their could be regulatory repercussions proposed (under the guise?) to protect investors as a result of a big burst in Bitcoin.

(I'd look for the average value(s) of about 5 decent feeds of clean, logical common sense and use your own judgement too)

Agreed that's not today's bet that's post panic, but there's no point dabbling in a falling market to try and catch the small swings up, so I'm saying if you want to keep playing you might as well leave those orders in now and adjust as the landscape changes.

Another way to look at it is by saying there are really two major driving forces at play confidence, greed pushing the price up and loss of confidence/ fear pushing it down and although the underlying tech is very interesting it's very hard to stamp a value on to define a bottom on the market. And I'd say if you agree about the two driving forces you'd probably also agree we're currently being driven by the latter.

There's unfortunately around $5,324,220,489 (market cap) that wants to come out of a pot that's likely to be around $24,220,489 (guess to sum of combined order books)

Now some fear mongering fudsters could say that the pot is actually then 99.5% short and as bitcoin is 0 sum (no extra money is introduced to the chain outside of market participants) that that 99.5% loss must be realized by those currently in the game.

Of course the loss I'm talking about above is only relative to fiat and as Bitcoin beats the damn heck out of sillly real life money who cares! get more tokens representing an arbitrary figure on the way down!  

ne1 no wen is da 2 da moon!?  

bitcoinz just a stupid ponzi scheme

market participants

this coin dead yet?

You're wishing death on me? 

Most people purchase Bitcoins in the speculative hope they can later profit by selling them at a higher price to other market participants. As it's mathematically impossible for this to continue ad infinitum it's foolish to think you can continue to make money at the expense of other market participants (of which you yourselves are among) beyond the peak of adoption.

Once adoption rates have peaked, which they more than likely did last year, there's little left but a massive downside caused by an imbalance of those wishing to cash out vs new money coming in from those wishing to speculate on further price rises.  As the imbalance becomes more apparent new adopters are likely to become fewer and fewer thus escalating the downside.

As more people start to realize risk/reward is a bad bet and that the coins are gradually becoming worth less vs USD, a cash grab situation is likely to arise in which people will become aware coins are actually only backed by buy orders amounting to about 0.01% of the arbitrary market capitalization. This situation could be immensely profitable for those buying into the next round of folly.

All those who have become rich from Bitcoin have simply done so at the expense of later market participants, many of whom are likely to realize large losses on the flip side at some point. Hence why it's reasonably comparable to a giant ponzi scheme.

Your mums a bitch.

 

lol got the feeling I may have touched a nerve!   

I didn't ask to be a hero.

Wish I did I'd be a millionaire!! I was actually using them for my business as it was a cheap albeit a bit risky way of moving small payments from customers without paying international fees. That was around the $5 mark, sold at $110 and converted them into 2 condos both with swimming pools (could have bought 4 if I sold a week later but hard to guess the top of a bubble). Sat out for a year then got back in last November with a small amount of cash at about $800 during crypto mania and sold at $1200 a much more accurate guess at where the bubble was bursting. It's hard to judge at the moment where the price is going in the short term I think $500 isn't out of the question but I don't think it's worth the risk now. I've got some buy orders placed doubling down from under $100 to $2 although there's a good chance they'll never get filled.

No you're mistaking my comments I absolutely agree that when demand is larger than supply the price will rise.

close you could fairly say I'm describing a lot of penny stocks, however a typical stocks value isn't an arbitrary figure as a profitable company adds value to the stock in terms of re-investing in the underlying business and to share holders in the form of dividends.

lol the defensiveness investors is an odd characteristic across all markets. My words aren't having any effect on the price of such a large market so it stands to good reason that an intelligent investor would be wise to listen to all viewpoints and decide for themselves what they see as a probable outcome whether they agree or not. However it's usually the case when investors are confronted with analysis different then their own (blind-sighted?) viewpoint they become extremely hostile.

No that's what I'm saying although bitcoin is a zero sum game (participants gain or loss is exactly balanced by other participants gain or loss) that is not the case with stocks as the underlying book price of a profitable company grows with time and dividend payments are paid from the company's profits.

  I've clearly said I've made a lot of money from later market participants losing in a ponzi, when I made 1000% profit the money didn't magic out of thin air it was from people that bought in after me.

ok you win 

Do you agree that your loss or gain is exactly balanced by the loss or gain of the wider market? if so then I hope you can appreciate that wild gains already made or made in the future must be balanced by the market.

at being a complete dickhead 

No it didn't   it was a post relating the events and news at the time which were silk rd (reference to drugs) in the press, and a mass of idiots handing money over to Pirate40s Ponzi Scheme  (reference to Ponzi). as I've previously stated I was bullish on Bitcoin at the time as I was actually USING it as a part of my business (so I found it USEFUL).

Sorry I don't get that joke, you winning at being a complete dickhead confirms who I am, what does that mean exactly? and I'm 32 so don't know why you keep writing boy? are you trying to patronize me or do you have some sort of personality disorder?

fascinating you with the clever way I write, do you mean asking a question? specifically why you're calling a 32 year old man a boy? it doesn't bother me it's just a bit odd and I'm curious why?

Also why do you presume I don't have a job? You're correct I don't, but it's also odd as I don't believe you know me or why you think I'd take any sort of advice from you as you come across as a complete fucking idiot!

nervous why? please can you try and clarify what you're getting at,  you're an extremely confusing individual to have a chat with as I'm not entirely sure you understand what you're thinking yourself, so when you try and translate that across with words it comes off terribly.



of putting little boys penises in your mouth.

I do agree there are a lot of stocks that rely on the greater fool and investing in them often times ends badly, but I think that's a bit of a simplistic view. Although it can be nice as a shareholder to get paid a dividend (there can also be tax drawbacks), a company should really only use it's profits to pay one as a last resort after considering whether the money could be more wisely spent re-investing back into the business, making acquisitions or buying back their own stock if they consider it undervalued. The growing tangible value of a company is just as relevant to a stocks price as whether or not a dividend is paid as are a company earnings.

Time for a new poll?

Wow! very first post on page 10000 

This is really bullish news for fiat 

In theory it would make much more sense to back fiat with chickens, so increases in money supply due to QE could be balanced with an extensive breeding program.

I've read it, the book doesn't relate to Bitcoin in anyway as would analyse Bitcoin as having no fundamental value.

If you love the technology it doesn't matter what the price in USD because the technology is free  

The big problem is 100000 people bought bitcoins off 10000 people and made them super rich   this incentivised 1000000 to buy the coins off them so their coins 2 da mooned.

Many people didn't stop to consider where the next wave was coming from because they're thick as shit and blind greedy! Kama for suing Zuckerberg Winklevosses he's a business genius you're not

I bet Satoshis pissed he didn't sell at 1k now!

If anyone is feeling uneasy about the market, I suggest you consult the FAT twitter oracle, he should be able to feed you small snippets of vague meaningless information to boost his social media whilst predicting nothing particularly then after any likely positive or negative event twist to be an I told you so!