Bitcoin Forum

http://www.latimes.com/business/hiltzik/la-fi-mh-the-bitcoin-crash-20131207,0,7011276.story#axzz2mo0wbeeG

Just in case you needed to learn the definition of smug bastard!

Oh, I just can't wait to ask him that same question in a few days/weeks/months ;D

Wow.  A rare article in the LA Times.  They really don't publish much about BTC and then this is what we get???

What is silly is NOT buying any right now.  I would be buying more if all my extra fiat was not already tied up in BTC.  Am I bummed it has gone down a little?  It is just part of the process here.  Normal stuff really.  I was hoping that these "corrections" or "crashes" or whatever you want to call them would start to lesson percentage wise.  I was thinking it would only be 30% or so this time, but it will just go up again and then "crash" again at a higher level and so on and so on all the way to $100,000.  Will it be silly then that I held or silly that people did not buy any?

I feel so silly, coins from 1$ to 700$, i am so silly

If only i invested in lehman brother, if only...

No wait! I do not feel silly!

we will always have that kind of press  :D . you also have that with gold, stocks, etc etc

these guys MUST write something.

remember those days with $150 strong hold?

here comes the $700


when it was $150stronghold + CHINA rally + Senate Meeting = price shoots up $1000+


now that it is on $700stronghold + (I dnt know yet) +  (I dnt know yet) = New PRICE HERE....


let's not forget that the $1000+mark caused a lot of "MORE ATTENTION" than the first $100+mark... when bitcoin got to $100... it got a couple of attention and around 1400%+ increase in mining difficulty... which means more people are mining + ASICs coming in...

YES THE AUTHOR OF THAT ARTICLE IS SILLY! LOL...

The trouble with these articles is that there are some people that understand enough about Bitcoin that they've played their hands well during this blow-off, because they're confident about the long-term. They bought low and sold high. They bought expensive items at the apex, and maybe bought some cheaper goods during the slide. And so they are feeling satisfied and validated, not silly.

These well educated, careful market-playing Bitcoiners are only increasing in number. Their fascination with delving into how it works and for the new innovations in the works for the system will only consolidate their confidence further. Prices hit another new order of magnitude, and more new people come in to take a look into this rabbit hole. And so it will continue.

According to Gox, BTC is only UP "change: +136.47%" on the last 30 days. Clearly a disaster, if you're a certain kind of journalist.

Edit: I can't resist adding this one: "change: +24975.40%" - it's the 2 year summary from Gox. Gotta write a story about the 7 day "crash" though - editor's orders.
 
  

+136.47% only? Can't we fire someone in order to increase? :)

It's obvious who is silly here.  :)

If you think that was a crash you are sorely mistaken. Cryptocurrency's are notoriously unstable and after that huge rise there was an inevitable comedown in the works before the market equalized. A true crash would have gone under $100/USD, rattling the core foundation of bitcoin investors and going back under the last spikes prices. This didn't even come close.

doesn't the LA times feel silly? no one reads their newspapers anymore.

Does anybody read any physical newspaper anymore?

With smartphones it is easy to get the daily info you want online, at no charge to you.

The article is not so bad. I mean clearly the writer doesn't believe in bitcoin but it's an article focuses on volatility and volatility is a fact in bitcoin.
Apart from the title everything else is fine with me.

anybody who gets into bitcoin thinking that there won't be volatility is just a fool. im pretty sure most people who bought in felt this way at least.

i just think the writer is doing this premature "i told you so" .. well, my response is "no shit, bitcoin is a volatile currency/asset."

Actually he is just stressing out volatility and he even says that the price might return soon to pre  crash levels. Pretty descent article from someone that obviously thinks of bitcoin as something that it's not going to happen.

i know. that's what i originally said.. he's saying "it's volatile, told you say." but i thought we already knew that bitcoins could swing violently in either direction.

More like the volatility of fiats is now being measured against a fixed unit then the volatility of Bitcoin itself.

I dont feel silly. Sad salsa.  :-[

Silly, silly silly.

Oh yeah, crazily, insanely, silly good ... up 70,000 % since feb 2011! That's what you can call silly money kids.