This is why Bitcoin is rising so fast...

scarsbergholden

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Quote from: ChrisML on May 30, 2014, 11:30:48 PM

Quote from: TERA on May 30, 2014, 09:59:45 PM

Dont get emotional over hot newses. Bitcoin fundamentals are always improving and adoption is always growing at an exponential rate ever since it was incepted. Yet it always follows the same trend of taking roughly the same period to recover as it spent declining. I don't know what makes you think that this particular set of news is special and going to change the trend so abnormally that $1000 would be reached within weeks. That is impossible. If $1000 is reached, expect to see it in 2 months at the very least.

What you gonna do when it reaches $1000 within 6 weeks?

Leave the forums? Yes? yes?!

$1000 within 6 weeks? That's pretty bold. Doesn't look to me like we'll get past $800, hell, we could have topped already. You think it's just a straight shot to $1000? What resistance levels are you looking at in between?

ChrisML

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Quote from: TERA on May 30, 2014, 09:59:45 PM

Dont get emotional over hot newses. Bitcoin fundamentals are always improving and adoption is always growing at an exponential rate ever since it was incepted. Yet it always follows the same trend of taking roughly the same period to recover as it spent declining. I don't know what makes you think that this particular set of news is special and going to change the trend so abnormally that $1000 would be reached within weeks. That is impossible. If $1000 is reached, expect to see it in 2 months at the very least.

What you gonna do when it reaches $1000 within 6 weeks?

Leave the forums? Yes? yes?!

TERA

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Dont get emotional over hot newses. Bitcoin fundamentals are always improving and adoption is always growing at an exponential rate ever since it was incepted. Yet it always follows the same trend of taking roughly the same period to recover as it spent declining. I don't know what makes you think that this particular set of news is special and going to change the trend so abnormally that $1000 would be reached within weeks. That is impossible. If $1000 is reached, expect to see it in 2 months at the very least.

jdun

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Quote from: Dimrain13 on May 25, 2014, 01:21:32 PM

Simple answer look at the ALT coins. They just got ASICs and they are trading them in for BTC at a higher volume. Plus news for BTC keeps going around with paypal. Looks like it will be taking a large Turn upward for the next few months... I look forward to it. Think of it like that. Alsothe block chain split will drive it up double what ever we get to this September (hoping 5k we will see)

I can't connect the dots. I don't see how selling altcoins for bitcoin would cause the BTC/USD price to rise. If anything I would think it would lower the price, because half the people selling their altcoins for bitcoin are further selling their bitcoins for fiat. While it is true altcoins have seemed to have taken a dip lately, I expect that dip to turn around when people get bored with their bitcoin investments. Altcoins will be on the rise in the near future.

redwhite037

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Quote from: Dimrain13 on May 25, 2014, 01:21:32 PM

Simple answer look at the ALT coins. They just got ASICs and they are trading them in for BTC at a higher volume. Plus news for BTC keeps going around with paypal. Looks like it will be taking a large Turn upward for the next few months... I look forward to it. Think of it like that. Alsothe block chain split will drive it up double what ever we get to this September (hoping 5k we will see)

scrypt ASICs have been out for months, this definitely isn't the reason. The sun is out and that helps people to overcome their fears and doubts.

DolanDuck

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Quote from: m3 on May 25, 2014, 05:32:20 AM

We have merchant adoption, a voice in congress, and positive news legally. Any of you think we will break $1000 in the upcoming weeks?

Maybe in two months we will break through the 1000$ wall.
I think the rally isn't started yet but the downtrend is stopped.

segeln

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Quote from: RandomPedestrianN9 on May 27, 2014, 09:16:35 AM

MatTheCat is one of the few people here who are sane.

I think this was a misyping : insane, not sane

RandomPedestrianN9

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MatTheCat is one of the few people here who are sane. So many bagholding butthurts.

m3

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Bot Billy will take us to tha mooon to over 9,000

igorr

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Quote from: m3 on May 25, 2014, 05:32:20 AM

This article will explain why bitcoin is rising so fast http://www.btcfeed.net/news/why-bitcoin-is-rising/

We have merchant adoption, a voice in congress, and positive news legally. Any of you think we will break $1000 in the upcoming weeks?

If willy bot says, price go to $1000, it will happen.
Bot willy controls all

El Cabron

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Quote from: ?? on ??

Quote from: El Cabron on May 25, 2014, 04:16:45 PM

Quote from: frienemy on May 25, 2014, 03:10:03 PM

Quote from: El Cabron on May 25, 2014, 02:31:24 PM

Quote from: Wandererfromthenorth on May 25, 2014, 02:21:06 PM

Enough already with this Bitstamp FUD.
The situation at MtGox was completely different, with MtgGox there were withdrawals problems, meaning that withdrawals were being ridicoulously delayed or not processed at all.

What is happening at Bitstamp is just that the are requesting a lot of info to avoid money laundering issues (which is very understandable, even if i agree that the measures are excessive...). The withdrawals after having sent the info actually WORK.

When we will have withdrawal issues we wil talk about it. now it's FUD.

i have been away, what is going on at bitstamp?

To put it in a nutshell:

Some Reddit guy posted that he has to answer detailed questions on Stamp so that he can withdraw funds, therefore Stamp MUST be Gox.

interesting, was the guy in the usa?
is there a link?

Here: http://www.reddit.com/r/Bitcoin/comments/26apno/bitstamp_will_not_process_withdrawal_unless_you/

El Cabron

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Quote from: smoothie on May 25, 2014, 03:12:34 PM

Quote from: m3 on May 25, 2014, 05:32:20 AM

This article will explain why bitcoin is rising so fast http://www.btcfeed.net/news/why-bitcoin-is-rising/

We have merchant adoption, a voice in congress, and positive news legally. Any of you think we will break $1000 in the upcoming weeks?

Easily will break $1000 by end of July 2014.

El Cabron

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Quote from: frienemy on May 25, 2014, 03:10:03 PM

Quote from: El Cabron on May 25, 2014, 02:31:24 PM

Quote from: Wandererfromthenorth on May 25, 2014, 02:21:06 PM

Enough already with this Bitstamp FUD.
The situation at MtGox was completely different, with MtgGox there were withdrawals problems, meaning that withdrawals were being ridicoulously delayed or not processed at all.

What is happening at Bitstamp is just that the are requesting a lot of info to avoid money laundering issues (which is very understandable, even if i agree that the measures are excessive...). The withdrawals after having sent the info actually WORK.

When we will have withdrawal issues we wil talk about it. now it's FUD.

i have been away, what is going on at bitstamp?

To put it in a nutshell:

Some Reddit guy posted that he has to answer detailed questions on Stamp so that he can withdraw funds, therefore Stamp MUST be Gox.

is there a link?

smoothie

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LEALANA Bitcoin Grim Reaper

Quote from: m3 on May 25, 2014, 05:32:20 AM

This article will explain why bitcoin is rising so fast http://www.btcfeed.net/news/why-bitcoin-is-rising/

We have merchant adoption, a voice in congress, and positive news legally. Any of you think we will break $1000 in the upcoming weeks?

Easily will break $1000 by end of July 2014.

frienemy

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I was promised da moon

Quote from: El Cabron on May 25, 2014, 02:31:24 PM

Quote from: Wandererfromthenorth on May 25, 2014, 02:21:06 PM

Enough already with this Bitstamp FUD.
The situation at MtGox was completely different, with MtgGox there were withdrawals problems, meaning that withdrawals were being ridicoulously delayed or not processed at all.

What is happening at Bitstamp is just that the are requesting a lot of info to avoid money laundering issues (which is very understandable, even if i agree that the measures are excessive...). The withdrawals after having sent the info actually WORK.

When we will have withdrawal issues we wil talk about it. now it's FUD.

i have been away, what is going on at bitstamp?

To put it in a nutshell:

Some Reddit guy posted that he has to answer detailed questions on Stamp so that he can withdraw funds, therefore Stamp MUST be Gox.

El Cabron

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Quote from: Wandererfromthenorth on May 25, 2014, 02:21:06 PM

Enough already with this Bitstamp FUD.
The situation at MtGox was completely different, with MtgGox there were withdrawals problems, meaning that withdrawals were being ridicoulously delayed or not processed at all.

What is happening at Bitstamp is just that the are requesting a lot of info to avoid money laundering issues (which is very understandable, even if i agree that the measures are excessive...). The withdrawals after having sent the info actually WORK.

When we will have withdrawal issues we wil talk about it. now it's FUD.

i have been away, what is going on at bitstamp?

Wandererfromthenorth

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Activity: 742

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Enough already with this Bitstamp FUD.
The situation at MtGox was completely different, with MtgGox there were withdrawals problems, meaning that withdrawals were being ridicoulously delayed or not processed at all.

What is happening at Bitstamp is just that they are requesting a lot of info to avoid money laundering issues (which is very understandable, even if i agree that the measures are excessive...). The withdrawals after having sent the info actually WORK.

When we will have withdrawal issues we wil talk about it. now it's FUD.

exocytosis

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Activity: 476

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From Reddit:

Quote

It depends on what people are doing. In this case it may be that people who have been day-trading on BitStamp have decided to move their money out, and the easiest way is to convert any fiat they have on BitStamp into BTC and withdraw those, rather than waiting days for the international banking system to maybe give them most of their fiat back by bank transfer. This would push the value of BTC on BitStamp upwards, and other exchanges would follow on the assumption that the rise is real.

Quote

Remember what happened with mtgox when they stopped/limited fiat withdrawals (which is what stamp is doing now)? People buy coins because they can still move those out -> price goes up.

http://www.reddit.com/r/Bitcoin/comments/26fdkz/whos_watching_the_fireworks_with_me_the_bitstamp/

T.Stuart

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One Token to Move Anything Anywhere

Quote from: fonzie on May 25, 2014, 11:10:02 AM

How about this?

http://willyreport.wordpress.com/

Did you put that together Fonz? If so I'm impressed!

Dimrain13

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Simple answer look at the ALT coins. They just got ASICs and they are trading them in for BTC at a higher volume. Plus news for BTC keeps going around with paypal. Looks like it will be taking a large Turn upward for the next few months... I look forward to it. Think of it like that. Alsothe block chain split will drive it up double what ever we get to this September (hoping 5k we will see)

MatTheCat

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Quote from: dropt on May 25, 2014, 11:15:04 AM

Cry us another river why don't you, fkn clown.

Q) Why would I want to cry you a river if I am making money u fkn bag holder?

A) Don't answer, I am going to have to add you to my already very large list of fuckwits who are on ignore because they absolutely never have anything of value to say, whether I agree with them or not. I waste too much time allowing my mindset to be polluted by Kool-Aid guzzling Bitcoin Nutters on this place, and then skewed by my counter reaction against them, and it costs me.

Now kindly fuck off.....I am trying to figure out whether Bitcoin breaks down from what looks to be a bearish descending triangle or whether this triangle transforms itself into a more bullish formation.

ElectricMucus

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Marketing manager - GO MP

Quote from: inca on May 25, 2014, 12:26:27 PM

Quote from: ElectricMucus on May 25, 2014, 12:24:08 PM

crossquote from the wall thread:

Quote from: Walsoraj on May 25, 2014, 10:37:18 AM

http://willyreport.wordpress.com/

Quote

So basically, each time, (1) an account was created, (2) the account spent some very exact amount of USD to market-buy coins ($2,500,000 was most common), (3) a new account was created very shortly after. Repeat. In total, a staggering ~$112 million was spent to buy close to 270,000 BTC – the bulk of which was bought in November. So if you were wondering how Bitcoin suddenly appreciated in value by a factor of 10 within the span of one month, well, this is why. Not Chinese investors, not the Silkroad bust – these events may have contributed, but they certainly were not the main reason. But more on that later.

lol

Not sure you will get the FUD you expect this weekend matey.

I'm fishing for laffs and this provides me plenty.

inca

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Quote from: ElectricMucus on May 25, 2014, 12:24:08 PM

crossquote from the wall thread:

Quote from: Walsoraj on May 25, 2014, 10:37:18 AM

http://willyreport.wordpress.com/

Quote

So basically, each time, (1) an account was created, (2) the account spent some very exact amount of USD to market-buy coins ($2,500,000 was most common), (3) a new account was created very shortly after. Repeat. In total, a staggering ~$112 million was spent to buy close to 270,000 BTC – the bulk of which was bought in November. So if you were wondering how Bitcoin suddenly appreciated in value by a factor of 10 within the span of one month, well, this is why. Not Chinese investors, not the Silkroad bust – these events may have contributed, but they certainly were not the main reason. But more on that later.

lol

Not sure you will get the FUD you expect this weekend matey.

ElectricMucus

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Marketing manager - GO MP

crossquote from the wall thread:

Quote from: Walsoraj on May 25, 2014, 10:37:18 AM

http://willyreport.wordpress.com/

Quote

So basically, each time, (1) an account was created, (2) the account spent some very exact amount of USD to market-buy coins ($2,500,000 was most common), (3) a new account was created very shortly after. Repeat. In total, a staggering ~$112 million was spent to buy close to 270,000 BTC – the bulk of which was bought in November. So if you were wondering how Bitcoin suddenly appreciated in value by a factor of 10 within the span of one month, well, this is why. Not Chinese investors, not the Silkroad bust – these events may have contributed, but they certainly were not the main reason. But more on that later.

lol

xDan

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ヽ( ㅇㅅㅇ)ﾉ ~!!

Quote from: painlord2k on May 25, 2014, 06:37:46 AM

And we are at the end of May. At this pace, it could be 1 billion $ before the end of the year.

pfffft. It will be at least a $trillion.

Per satoshi.

amitrwt

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Quote from: Richard Branson on May 25, 2014, 11:16:17 AM

Better sell now. Just told you so...

Sorry Sir, not gonna sell..! !!

will I regret it if btc falls ? No its just calculated risk from my side, Hope it pays off

Bitcopia

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Quote from: Richard Branson on May 25, 2014, 11:19:14 AM

I think 165% profit within 6 weeks is very good!

Didn't you all buy back/in at 340-400$?

No.. very few people were lucky enough to get coins during that flash crash. But there are plenty of super inflated egos around here to tell everybody that they did buy back sub- $400.

Truth is, the smart ones with a higher risk tolerance bought when price was flattening around $440 for a few days. They smart ones who are a little more risk averse (myself included) bought around $520, after the downtrend was broken with somewhat strong conviction. The super risk averse won't buy until there are regulated U.S. exchanges in place. When this happens you can bet on another huge increase in price, and this will happen some day.

El Cabron

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Quote from: cypherdoc on May 25, 2014, 06:44:45 AM

Don't try to explain it or fight it.

Just go with it.

Sounds like something a rapist would say Tongue

Richard Branson

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Screw It, Let's Do It

I think 165% profit within 6 weeks is very good!

Didn't you all buy back/in at 340-400$?

GoofyUK

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Quote from: Richard Branson on May 25, 2014, 11:16:17 AM

Better sell now. Just told you so...

thx rich!

Richard Branson

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Screw It, Let's Do It

Better sell now. Just told you so...

dropt

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Quote from: MatTheCat on May 25, 2014, 05:41:11 AM

Quote from: m3 on May 25, 2014, 05:32:20 AM

This article will explain why bitcoin is rising so fast http://www.btcfeed.net/news/why-bitcoin-is-rising/

We have merchant adoption, a voice in congress, and positive news legally. Any of you think we will break $1000 in the upcoming weeks?

Blah Blah Blah fucking Blah.........(cos fundamentals change every 5 minutes).

Bitcoin is rising due to the same old blend of sentiment swing and whale tinkering and playing with the market.

Cry us another river why don't you, fkn clown.

fonzie

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Moderator

How about this?

http://willyreport.wordpress.com/

DustyRah

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Quote from: cypherdoc on May 25, 2014, 06:44:45 AM

Don't try to explain it or fight it.

Just go with it.

Ditto brotherman!

cypherdoc

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Don't try to explain it or fight it.

Just go with it.

painlord2k

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Because all liquidity was, in the past months, absorbed by vendors keeping profits in bitcoins, new investors and savers and new users.
Mining, also, have reduced the pace of increase, so the new coins mined are like 10% less.
The miners stopping production were the marginally productives, so the miners more probable to sell all their coins to pay up power and HW.
The miners staying in production produce the same coins, but are able to keep a sizeable part.
So this reduced the supply of new bitcoin to the market.

Add the fact, China can ban Bitcoin so much times before the ban have no effect on the market:
1) Because they have sold all their coins
2) Because the ban is proved toothless

And huge quantities of VC money entering the market to fund development.
Up today, 400 M $ this year we know about, just from big VC. This without counting the investments of medium/small/tiny firms.
And we are at the end of May. At this pace, it could be 1 billion $ before the end of the year.

cypherdoc

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Wow, that article explained everything.

Rubble?

MatTheCat

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Quote from: m3 on May 25, 2014, 05:32:20 AM

This article will explain why bitcoin is rising so fast http://www.btcfeed.net/news/why-bitcoin-is-rising/

We have merchant adoption, a voice in congress, and positive news legally. Any of you think we will break $1000 in the upcoming weeks?

Blah Blah Blah fucking Blah.........(cos fundamentals change every 5 minutes).

Bitcoin is rising due to the same old blend of sentiment swing and whale tinkering and playing with the market.

m3

sr. member

Activity: 460

Merit: 250

This article will explain why bitcoin is rising so fast http://www.btcfeed.net/news/why-bitcoin-is-rising/

We have merchant adoption, a voice in congress, and positive news legally. Any of you think we will break $1000 in the upcoming weeks?

Topic: This is why Bitcoin is rising so fast... (Read 3985 times)