I wouldn't go that far about TomCollins but he tries at least.

The exchange rate is poised to bleed-off, but the overriding factor at this level remains significant shift factors of demand, specifically the VC and drug/gambling markets.

De facto acceptance by the offshores serving US customers would be enough to sustain BTC indefinitely.

this huge buy wall at 85 is gonna be tested any minute.. those break $50 bets are looking good

VC remains a bigger wildcard at the moment because the manner in which they invest in BTC outside payment services remains to be seen in a significant way.

Will be interesting to see what innovative ideas may come. The idea of "provably fair" RNG à la SatoshiDice hints at the possibilities.

lol this eh777 guy can't even beat $3 tournaments and has to subscribe to video strategy sites to learn the game

should have known

yeah, this is the part that really confused me about bitcoin offline wallets at first. how the hell can i create a wallet that hasn't connected to the network and put coins in it? its just so counterintuitive that you can be part of the network without connecting to it. it turns out that you are protected by having massive odds on your side. as i understand it, you are just claiming an address without telling everybody that you have done so. because it is basically impossbile for somebody else to claim the same address by dumb luck, your "claim" is safe. also, even though people can see coins go in your wallet on the network, there is basically no way to get your private key, because your wallet address is based on your private key. you can go from private key -> address fairly easily, but finding private key from address is basically impossible. do i understand this correctly? i think it is very important that people understand this stuff, so they can see how brilliant the designers were. it also might help them see the value of this system.

VC will of course affect longer term prices, and I'm mainly talking about the short term (2-3 months out). Drug market is a bit different in that you are generally going to see short sell-off times (buy BTC to facilitate purchase, transfer to seller, seller then transfers to USD, and repeat). Gambling will lock up tons of BTC in accounts and be huge compared to drugs in terms of effect per volume of business done.

I do agree that longer term you will start to see a buildup (similar to what we saw from the $2->20 runup we had prior to the mania buying).

zz pls continue your spamming and claim you are not affiliated with sealswithclubs

First, look up the definition of spamming. Second, move on with your non-sense.

lol

Uggh the price is just going to **** today.

Gold and the Stock market dropped like a ****ing rock today as well.

well we got bombed after all

"There are a lot of committed people who will keep buying, but the trend will keep going down long term. " - Tom Collins, on sub $10 dollar bitcoins

maybe this will level off in the $30 range

Please, troll elsewhere.

did absolutely everything besides the US Dollar fall today?

The bulk of the stocks/commodities drops were long before the Boston Marathon bomb, but that obviously didn't help as Ag/Au began falling again right after that.

Can someone explain what's up with Bitcoin-24?
Owners of the site claim that their bank account in Poland (the main one they've been using for the exchange) has been closed by Polish authority.
What could be the reason for that?

Money laundering?

Check out bitcointalk.org, there's a bunch of threads about it:

https://bitcointalk.org/index.php?topic=171307.0

They had a problem that likely resulted in many many dollars/bitcoins being stolen. The bank account stuff is an excuse iml

This was before it dropped down to $2, right?

Is it accepted among smart TA believers that a crypto currency should exhibit all the same chart patterns and signals as a stock? There's obviously not enough historical data to really test whether they'd act the same, so what's the theory?

I am not smart, and my personal opinion is that a lot of TA is confirmation bias, but even so, it feels like people are just accepting "well of COURSE a speculative crypto currency will behave just like stocks... because charts are the important part here, not any inherent behavior that either of them might have! They both can be put on charts!" is weird.