Bitcoin Forum

Here's a analysis based on blockchain data:

http://www.coindesk.com/what-block-chain-analysis-tells-bitcoin/

You Bitcoin traders and analysts are way smarter than I, do you agree with John Ratcliff's conclusions?

I agree that the true capitulation phase hasn't even started.

+1 I would also second that.

Report suggests large porportion of us are Bitcoin "Bagholders"  lol

I agree, i never bought a Bitcoin. Was thinking about purchasing some porn but seeing how fast can the price crash, i dont want to spend too much money on BTC, say, double digits are more friendly looking - not planning 1 purchase of porn, i want BTCs value to last so i can pay for Summer Schoolgirls 2  once they come out.

Can you guys explain what capitulation phase would mean.  
google tells me, "the action of surrendering or ceasing to resist an opponent or demand."
so when you say capitulation phase, you mean that it would go down is this correct?

(sorry I am not good with finance words)

^bagholder.

I think just means; bought-in at a higher price than market, so reluctant to sell until you make a profit.

Now's probably an okay time for you to buy-in. By the time Summer Schoolgirls 2 comes out, you'll probably get it for a nice discount. I think it would be a better discount than using your student card.

If you buy from iTunes, chances are you'll get ripped-off - Best buying with Bitcoin

Aint usin dem cards, cash or paypal only + bank transfers.

Picture above describes best what the capitulation means ;). Briefly, dumping your btc as if they were hot potatoes.

I would try torrenting and getting it for free. If you get into bitcoin now, chances are you'll have enough money to sponsor Summer Schoolgirls 3

Please provide a reference from the article where he suggests that the true capitulation phase has not yet started or that anyone is a Bitcoin bagholder....