lol, ya right we've heard that before  

so what the hec is going on with BTC? I leave for an hour and come back and here we are... 568  

There was some downward pressure at $666 already before the Bitfinex thing. The drop to $570 was a bit of an extreme reaction so we are certainly correcting.

I think the small amount of downward pressure is likely being eaten up by the 2 months of halved rewards so high $600s is likely this month. Followed by months of rising that is faster than before the halving. Barring any huge news that jumps or drops the price.

Former IMF Economist Declares War On Cash
http://www.bloomberg.com/news/articles/2016-09-07/harvard-economist-kenneth-rogoff-is-trying-to-kill-cash


is this the replacement
Utility Settlement Coin
http://www.ft.com/cms/s/0/1a962c16-6952-11e6-ae5b-a7cc5dd5a28c.html

WETF DO you think is going to happen to BTC price once USA splits  in 2 with 2 STUPID MOFO FIAT currencies

LOL

>32000 <2years boys.

Well you are very optimistic. ..next week btc price will be 620-650$...it's weakening.

Good morning Bitcoinland.

Looks like we're about halfway back from yesterday's little dip... $704 on Bitcoinaverage.

All that huffing and puffing about the USA election and we're right back where we were.

Can you please tell me when will it hit 1k ? :p

I just heard from a reputable source that Trump is gonna ban BTC.

And China is also going to regulate BTC.

 

Stead and slow fall of price

when will it stop

It's gone from $350 to $335. That's not a slow fall of price, that's noise. A slow fall of price is $100 down. JimboToronto doesn't think the price is slowly falling because he commented on the price being almost the same as yesterday. If it goes back up by $15 will you say it's slowly steadily pumping?

Nobody cares about messages from insolvent bear whales giving same message from $500 all the way up to $770.
Bitcoin is very cheap. $1000 is just around the corner.

Good AM Bitcoinland.

Seems we had a little correction/profit-taking last night but we're halfway back...$768USD/$1021CAD at Bitcoinaverage.

That's not too bad considering we'd just strung together 5 consecutive green daily candles. Hopefully that was the extent of it and we can proceed upward.

Get ready haha! Pump everything in bitcoin.

"Checking out current the price of bitcoin, bitcoin is down some how"

Are you trolling, Hulla?  Or have you been sleeping under a rock?   Explain exactly how bitcoin prices could be down when it is currently largely floating in the $750s?

It would be pretty easy to point out our current BTC price situation that would assist many folks to conclude that bitcoin is NOT currently "down", but maybe it would be better to let you go first?  go ahead.  I am waiting.  how do you come to any kind of meaningful conclusion that BTC is currently "down"?

O.k... That clarification of what you meant by "down" is fair enough. 

Likely, I am reacting with a bit more assertiveness than necessary because it seems a bit problematic to look at such short term price changes without putting those assessments into context.

Sure, it is possible that we could experience some never returning explosive uptrend in prices, but it seems to be quite more likely that we are going to experience several consolidation periods and even small retractions ... yet overall, we seem to be continuing to experience a considerable amount of ongoing upwards price pressures.. and our corrections since lower $600s have been largely insubstantial with continued upwards price pressures.

I surely don't have any kind of crystal ball, but it seems to be within reasonable possibilities that we could get another explosive upward leg into the mid - $800s... but also, we could experience a significant downward correction too... just to weed out some of the weak hands....  Currently, I would place the odds of another upwards 5% leg as slightly better than 50% as compared with a 10% downward leg.

,

Brother, most probably next year we will see $2K-$4K

Why ?

1. COIN ETF
2. BitCache and Megaupload 2
3. Saxo Bank predication (They predicated the Brexit back in 2014)

This is only few to list.

Many people are waiting for that price from long time even many people are still holding the bitcoin for future. It is going to be great revolution if it really touches 2100$, even no control on bitcoin it is keep tickling the price really bitcoin has great future.

That's a good point to be honest, I've posted in & viewed this thread for ages but never thought that.
But whilst we're at it, the price next Friday (16th Dec) I will predict $804

So, we're right at the door of a rally. Bitcoin is stable, people are regaining confidence in purchasing the thing as an investment and I'm as ready as I can get with my minuscule trading budget. So, to commemorate this day, I made a chart. I haven't had any formal teaching of forex/exchange/commodity market markets and finance, but I think it paints a good picture. An accurate picture. I have seen people trying to draw trend lines from the bottom up. I thought to myself "what if I draw from the top down? This is basically what I came up with. I hope it's at least somewhat entertaining/informative.

I'm using bitfinex, because that's what I'm using nowadays. I wanted the "wishful thinking" part to have the two peaks closer, time-wise... but I had already written "Enter the bull" and was too lazy to move it. Good luck, everyone. It's been a wild (almost) two years, I look forward to spending another two years here.

Yes, i have seen this : https://www.youtube.com/watch?v=6ZCVQHtD2l4





But, Saxo bank is right ... 2000 USD for 1 bitcoin at the end of January 2017 ?









Fuck, it's real ... it's currency WAR.

It will, don't panic

We've a lot for 2017 to let us even reach $3,000+ and don't forget, 2016 in not finished yet

$888 by christmas?

China says UP

I'm holding my coins because I don't even know where I would sell them now that IRS is looking at coinbase.

Cool. Just got home to see $793USD.

Hopefully this is the start of a fine weekend.

Good morning Bitcoinland.

Big Xmas party Saturday followed by all-night booze can. Missed yesterday but woke up today to see I didn't miss anything.

Still slowly edging upward... $796 at Bitcoinaverage.

Should be at $800 soon and there's still 6 days until Xmas, for those who care about such things.

another christmas spent on bitcoinity it is

Xmas correction to 860$ and then rocket goes to moon?

I hope it comes back to $800 for some time, I'm prepared to purchase more of bitcoins for $800, but not for more than that.

Bitcoin is sustaining the price of $899-$900 today by the way.

See, it was $900 yesterday, today it is $867, I still think that it is going to calm down for a day, before even the new year, will go down to somewhat like $800-$825 before January. That'll be the best time to get some more of it.

He runs a subscription service that he advertises every chance he gets.  If you would like to pay someone to tell you how to feel about the charts, he's your guy.

This thread suddenly became the wall of gifs and meme lol...

Anyway, I used to think reaching $950 is impossible before the year ends and I was wrong. Bitcoin is really unpredictable. We might even get $1k before the new year... and I'm kinda glad that I bought some during the dip. Good luck everyone!

No fear Elwar, you may have been wrong with your prediction, date wise but I have no doubt we'll break $10,000 within 3-4 years.

Reaching $10K vs. staying there are two entirely different things...

Yes, China celebrates western New Year, then celebrates its own New Year a month or so later.

The Hong Hong stock exchange closes for those same holidays. These are the dates for 2017.

https://www.hkex.com.hk/eng/market/sec_tradinfo/tradcal/nont10.htm

I was unaware of the Chinese prices. I just checked BTCC and that reached 6966 ($1003), and OKcoin beat Hu boy by reaching 7007, so the top three China exchanges all reached $1000+ in 2016.

indeed.

Clif High is the same oddball prognosticator who predicted nuclear war in 2010. You may as well get investment advice from Rush Limbaugh. Take a look at his website at halfpasthuman.com.

is it me or BTC daily jump happens when its morning in America? It's been like that the last two weeks

Bittylicious is excellent for buying. Same deal with selling as bitbargain, though - approval process and of course you have to wait around and make manual transfers.
Will probably stick with Coinfloor for now. They're not terrible, I was just spoiled by the convenience of Circle, sending coins and having them turn up as GBP, with no further action necessary on my part, practically zero slippage and no withdrawal fees. It was too good to be true. Banksters. The day of reckoning is nigh.

i honestly think 1337 in ~10-20 mins.

right eh, and i have a feeling that china's capital controls are only getting tighter and tighter
bitcoin is a way for them to get capital out, but this means their BTC markets are bleeding supply while demand is rising.
no wonder there's such a price dif.

what do you think about  for about 55000 unconfirmed transactions ?

is this a spamming to blockchain again?

https://blockchain.info/unconfirmed-transactions

this.

Who bought at the bottom?

The graph was looking good, TA is pretty useless once again. Fundamentals also good since BUchina is dead after the bug disaster. This selloff makes no sense, it is either a whale taking profits or random panic selling.

It could go to 700$ then to 1500$ within 5 months. It seems like a good time to sell and buy back from 950 USD to 850  USD.

Why is Bitcoin unlimited a threat, its just competition and bitcoin has plenty of alternatives already in operation that would be happy to take over.  The threat would be from the number of miners who would switch and prefer to support that alternate system.   I guess that part is new as most coins start from nowhere.

Will we definitely end up with 2 tokens in equal amounts on 2 addresses, price wise that just seems to suggest the price halves and value overall is the same.   Some confusion as people switch or decide which coin to hold or use but not as bad as it might appear?

I would rather they make transactions compete in fees they pay for priority.   This will then give the smallest transactions business to alt coins where it probably belongs ?    The best solution is the most natural self adjusting.   Does my opinion mean I should sell BU if I get any?

I have inside news that Gox will open again, they will pay to their old customers what they can when they open, then refill their wallets with the trading fees, like Poloniex did.

They will also accept Litecoin

Now you know why Bitcoin and Litecoin are skyrocketing, buy while you can

Looks like indeed you are reading this whole situation out of context.

When Okurkabinladin wrote his post, the price was floating around $1080 $1180 (Correction).  Accordingly, the price went up to nearly $1130 and then retraced back down to $1115.

That is hardly a "correction"

When ever you get a decent size upward price movement, you also will find pauses in the upwards movement and you will also find retraces of some or all of the movement;  however those retracements do not rise to the level of a "correction" because they are mere retracements of a recent upwards price movement that does not even rule out the possibility that the price is going to continue its upwards trajectory.

In other words for the moment we are experiencing upwards movement and a pause and nothing near a "correction."... not yet, anyhow...

A proper "correction" would be price plunges that at least retrace the whole gamut of the price recent price increase plus adding an additional percentage on the origination price point..

It is possible that BTC is making a second shoulder in head-and-shoulder formation and will bottom at around $750-850.
Then again, bull market may continue in a slow fashion.
I am curious about LTC, but it could be just a fluke.

I assumed what york meant when he said SegWit has cut a deal with BU was the  Segwit SF + 2MB HF (Segwit2MB) being proposed. this will produce a Effective 8MB block weight.

everyone hates it.

20MB everyone hates it.
8MB everyone hates it.
BIP101 everyone hates it.
2MB HF everyone hates it.
Segwit everyone hates it.
BU everyone hates it.
UASF everyone hates it.
Segwit2MB everyone hates it.

Again? Once more? Same talk! Take a decision and stand for it, man! Have you ever heard about RESILIENCE

Mt. GOX is back up! ~ did you guys miss the news? :-D

Confirmed.  I jus sended all my BTC to an old GOX adres to start trading again on GOX. Wish me good luck!

No.
Never sell.

 

On OKCoin it's 16800 CNY. The Chinese are throwing money at Bitcoin on OKCoin now they are allowed to withdraw Bitcoins again.

Bitcoin poses the biggest threat to the State, it is the largest and most decentralized cryptocurrency. The State can't control it or shut it down, and they were too late to try and co-op it by cornering the market (like they did with ETH, other pre-mined cryptos, etc.). They also know they can't buy off or manipulate the core development team. So the only game they have left is to sway people away from Bitcoin through social engineering and push them towards other alts, pre-mined and centralized crap that they CAN ultimately control or at least easily fk with.


These guys were real slick...they started off promoting Bitcoin and only Bitcoin to their followers. Now their attitudes have begun to morph and show their true colors. Trojan horse operatives. They are now promoting BCH primarily, saying that it's the more legit version of Bitcoin. Also things like LTC, ETH, Dash, and a BUNCH of ICO tokens that we all know are complete rubbish. The whole goal is to push people away from Bitcoin now, and into other trash, or at least get people to diversify into a bunch of garbage cryptos. As if all cryptocurrencies are "created equal". It's all about stunting or slowing down the growth of Bitcoin long term.

I mean look at it, other than Bitcoin what other crypto has been under constant and relentless attack? Exactly none. Because none of the others pose any real threat to the State.

It's such a basket case of a coin. But it's set to halve 3 years before us. Selling could be a big mistake. But meh.