Yep... short Nov 5th :-)

I do not think we are any where near a top. There's been a ton of positive news recently, including Bitcoin being on the cover of the Economist, and a feature story. Today, the Bitcoin symbol is scheduled to be added to Unicode.

There is a potential that the supply of coins for sale gets pretty thin, and if that happens there could a huge run up in price. I don't see individual holders cashing out right now. Miners are probably holding on to more than usual as well.

Another thing is the volume is very high, and price is steadily rising which indicates fundamentals are strong and not just a case of price manipulation by traders.

Rise is far more likely tied to the MMM scam, and could see that blow up at any point than a Unicode symbol.

The volume per day is almost 10x the 44,000 govt coin sale price. I don't see Nov 5 having much downwards effect if any for that reason. But there could be other reasons

Incredible squeeze over the past day/month (20%/70%) guys, do we have a clear catalyst(s) responsible?

onemoretimes is getting squeezed out of his shorts.

What sort of margin do Bitcoin exchanges offer?

b1tf1nex offers up to 3:1 on long or short.

This is awesome!

http://vaughnlive.tv/whaleclub

i dont think this ends extremely well,

but i guess people can have some fun, right?


this seems unbelievably reminiscent of fall 2013. china leading, big spread.

Maybe a $0.50 equivalent transaction fee would be good. You buy something at Overstock for $20 but you send $100 to overstock instead and maintain a $80 credit. Overstock likes it because you are likely coming back soon to buy something.

I put in a prediction for bitcoin $2000 next Christmas a week ago here (10/26). I think the main catalyst is people forgot about the last bubble and bitcoin optimism bias. The U.S. housing crisis was in 2008, however the last bubble was severe so I predict the next housing bubble will be around 2028, instead of the average 18-year cycle.

There has been a good ruling in EU where bitcoin is considered a currency. Things don't look good in Russia and Taiwan. But for the last 40 years bank deposit holders have really taken the brunt of central banking, banking, and government. You can read news at:

http://blockchain.info

I am presently downloading the entire blockchain for the fun of it. It is going faster than I expected 2 days. Thus, keeping the current block size will make it possible for the public to use the standard client. People are realizing gold sucks to buy-sell might cost you 30% (including sales taxes in some states) and then you have to worry about protecting it and dodging the fakes.

The question I ask is I have a 60 gb/s connection, it seems it should actually download faster like 1 hour not 2 days. If you use a solid state drive will it download faster? How much faster?

Bitcoin QT First Install - 5400RPM HDD = 3 days to process the block chain - But on a SSD... 17 minutes... I found this

i dont get what this is

a warning to nonsense full volume auto play dribble would have been nice

How much of this recent spike might be attributed to The decision by The European Court of Justice, where they decided to exempt bitcoin transactions from Value Added Tax (VAT) ?

http://www.coindesk.com/european-exc...vat-exemption/

European Court of Justice decided to exempt bitcoin transactions from Value Added Tax (VAT).

In so doing, the court effectively recognized bitcoin as a legitimate means of payment in Europe, putting it in the same realm as other currencies for tax purposes.

This seemed to happen, just before the recent spike.....although I admit to not following this as closely as some/most others.

I don't think recent news is a plausible cause. I don't see how recent news is any better than all the other good news we've seen this year that had almost no impact on price. Can a MMM scam move the market this much? It did run up LTC ~5x before crashing back. But BTC has about 25x or 30x the market cap vs LTC. Wouldn't that make it much harder to move the price 2x+?

In any case, it's fun to watch.

theres always a handful of news that correlate with the price changes. this time around its the euro VAT, MMM ponzi, silk road auction, drugs/gambling, reduction in china capital controls, growth in south america, localbitcoin activity in russia, winklevii exchange and other ETFs being available now, and/or speculators gonna speculate... take your pick.

yeah, also China just authorized citizen buying with bank transfer again ;

https://www.youtube.com/watch?v=RDrfE9I8_hs

Let's hope this gives the rally some staying power

https://www.btcc.com/news/article/bt...-bank-deposits

$480 now is insane, proving once again technicals are worthless. Doubling the price in over a month after an almost year of consolidation makes perfect sense. Has to be China's inflows.

I wonder if onemoretimes got margin called.

If you've owned a short for more than 1hr at a time the last 3 days you were rekt

What the heck is going on..

bitcoin is bitcoining

Anybody who's been in bitcoin long enough knows when the price action goes this way... it's back to the ****ing bull traps and downward trend. Looks like the feds were pumping it and the everyone else took it even higher then they could have imagined. They still accomplished their goal of having it inflated come auction time. GG folks