Bitcoin Forum

....  ;D

Did you cover your short Adam?

What's your source on the cracking down of SR?

One guy from Australia got busted at customs.  He bought enough to be a dealer. 

A dealer getting busted is much different than gaining any more information on the where abouts of DPR or any SR servers.

My theory is that Adam was the last person to sell all his coins after the 2011 crash, and made the low $1.994 print.

Still wants the price to come back to $1 so he can load up and double his money!  :)

lol, no.

first bought at 0.75, 25$ wroth OMG I HATE MYSELF
i sold at 12 and bought back at 13 on the way down.... OPS
then i tripled my holdings at 3
bought more at 5.
sold some at 15 and 12, bought back at 10
sold at 13.50 & 20
now all my play money has been squeezed out and all i have left is paper wallets, a mining fund (HIM), and some coins waiting to jump in S.DICE at 0.005x

that's the jest.. my trading history is about 500 trades... ( did a lot of day trading at one point... scraping profits off the spread  )

its been fun, but now its almost over ;)

What I really like about this thread is the shared frustration of trying to convince friends and family that bitcoin are a good idea. My favorite response so far:

Chris: "Have you heard of bitcoins?"
Friend: "No, I don't play World of Warcraft."

i can usually get people to think its interesting, but when it comes down to it, people feel its to risky and "can't afford it".

i did get my GF's grand mother to buy some... shes had been playing around on the stock market... so she understood the high risk high reward aspect... shes sitting on ~20BTC and will NEVER sell, or at least shes been able to hold back from selling so far...  every time i see her i offer to buy them :D

Rally from what $ low?

2 5 13   ???

Stop point of wave from ~$13 in my oppinition is from $24 to $32. Probably from $24 to $27.

Would not be surprised to see a run at the so called "all time high" followed by a solid dump designed to trap bears.

haha, hilarious

Hell, that seems like a good overall ride to me...

Ya I get that frustration when I first learned about it I loved it, now that I see how it works I wouldn't recommend BTC to close friends or family. I would rather they hold their wealth in tangible assets. Like silver or real-estate.

I did get my dad to set aside some money for LTC though.

http://s11.postimage.org/ihr7qhkoj/chart5.png


the last time we re-entered the overbought (red) after crossing the centerline but not reaching blue, there was a significant correction.

Methinks you're about to lose it  :P

He was an idiot and didnt even try to cover his tracks.

yeah, source please!

that's what i expect, bumpy run-up just a bit above ath and then a big bear-trap ...
fibo-retracements may help to find a good re-entry point then ...

agree with the guy with the big text, even if he is totally annoying

95.7% think price will continue to go up
20% think price will reach 1000, b4 it crashes.

lol wonderful!

 ;D

otoh, you're getting further and further behind.  it'll take an epic crash just for you to get back in under your average selling price.

i was meaning to comment on that.  it is irritating to hear him say he's "short".

i did read the debate on "short" vs "long" and i know what some mean when they say you're short by virtue of the fact that you're not long. 

but that leaves out another investment term that is often used and that is being "flat".  meaning you don't have any position at all which is what Adam really is.

you're absolutely right, if he was really short, he'd be more than just crying right now.

I sold some, thinking if the market ever takes a turn for the worse, i will have some money to buy in low and reduce my avg price... because i believe in bitcoin, no matter what the price is doing.

whats irritating is hearing that FOR SURE bitcoin will be worth way more next year no matter what happens... its not true... speculative bubble will pop if bitcoin doesn't grow as expected... while alot of people here are blinded by $_$, I put away my emotion long ago, and understand the risk is HUGE! ... and make no mistake... I'm in deep!

It is good to know that you still have a healthy holding.
I only found out about bitcoin in Dec 2012. It was Christmas eve and I was looking for a card and saw a mag with a bitcoin on the cover. Didn't even buy it, just made a mental note to research it. Fortunately I was able to load up in early Jan.

There will come a time (which might already be here) where early adopters who got in at a low average price, will never improve on that average price. Like those who bought Apple shares at $20. So the only continuing options are to just sit back and enjoy the ride, or to increase one's holding during significant dips.

You are smarter than the rest, so much blind faith around here. The risk is huge and this thing is coming right back down. 27-31 would be my guess. Of course it can go higher there is no telling how long people will believe a lie. If you are in truly deep like you say I would think about selling soon. Just my 2 cent.

It is going to be hard to time the top. There will be lots of crying soon. First denial the accepted then hissy fits.

I believe in the idea of btc ( it is truly a beautiful idea) I just dont like the execution. It needs stable, real, market, pricing and it needs to be treated as currency not a commodity. I will say it one more time BTC is in a bubble the price is way out of line.

Yeah, preferably centrally governed, right? Welcome to the actual free market, stop jumping to silly conclusions, just observe if you are not participating.

I participate. I Sell btc and yes I am for the free market. Btc is not a free market it is a manipulated market. BTC temporarily enjoys a monopoly, that will change. The same people who cry about the gold and silver manipulation are manipulating the btc market. Soon... It will crash soon. And we will see who is not participating. I am in digital currency for completely different reasons that the community on a whole. I am in it because I believe in it can be a force for good for all the world. I am so crazy I think it can topple government, financial industries and stop war (very crazy I know). Most of this community doesnt know their ass form a hole in the ground and are in it because they are greedy, selfish, speculators. I am in it to change the world whether or not make a ton of money.
BTC is a free market you cant even get f!@#ing BTC.     

Hehe, experience told me that if you start pointing a finger, then you will soon have 3 fingers pointed at you. :)

Time is now!  Garb as much as possible!  Then afterword, everyone just clam down.

And there it is.  Now that I know where you stand I can relate to most of your frustration with the bitcoin community.

I'm just not sure why the infrastructure is giving you such trouble.  I have been here for quite some time so it seems easier than fiat banking to me.  I would be interested in hearing some constructive ideas on how those of us that can build these things can make it easier for nontechnical users.

It is already becoming too simple. my non-techie friends in various parts of the world bought coins with no hand-holding in a matter of hours (first time), given a link to a local exchange. It for sure is an order of magnitude simpler than getting a bank account.

I agree with you,
I'm just hoping for the best, while preparing for the worst...

Who is selling?(lol, this kind of buying enthusiasm is my q to sell  :o )
Not bad for those who bought big amounts at 2-4 USD;

http://www.btcwallet.org/wp-content/uploads/2013/02/bitsell.png

https://bitcointalk.org/index.php?topic=131065.700;topicseen (https://bitcointalk.org/index.php?topic=131065.700;topicseen)

Man, we corrected a day of gains. You are such a prophet.

i guess you didnt have your bids in position? :P

i don't think you'd be complaining.

plus, the knife reached almost to $21. thats a lot more than a few days' gain.

edited

Lol, nice play on words.

I'm not selling until we pass the all time high. I think if ever there would be a time for a correction, it'll be there. Last stand of the bears for a while.
My GA's were saying sell but I don't believe anything in a bull market this strong.

If you caught the bottom, I'm happy for you! I wouldn't call this a "correction" though.

the knife signals the correction. the knife itself is just profit-taking/panic-selling, yes.

Call it whatever you want.

It bounced down for like 15 minutes.

Hey, we're all stocked up on those!  ;)