Bitcoin Forum

Time to get out of debt backed dollars?


https://i.imgur.com/hKrWuKu.png

The bubble already popped twice or three times in BTC. You have it the other way around.

OP's attempt at damage control won't work, China doesn't care and will keep dumping. ;)

No damage control necessary for me. I am cash heavy right now...I had a target price picked a month ago and we have a little ways to go.

All prices get hit if you're patient.

where you see a bubble in the gold ?

http://imagizer.imageshack.us/a/img912/765/wFvzR8.jpg



And then, the BITCOIN ... we are in 1998, now (from the gold data).
Take a seat ... and you see.
next UP ... is 2000 USD per 1 BTC.  ;D

http://imagizer.imageshack.us/a/img538/3670/8OZUFc.jpg

The thing is, markets crash when there's a bubble. With the government...bad things start to happen.

I have seen that graph so many times before. Just because it fits well, doesn't mean it will happen this way.
Judging from your graph, it should pop any minute now...
Also, you can actually apply the graph MULTIPLE TIMES to bitcoin. You can find that pattern even on a very small scale, just by chance. It doesn't mean anything.

so much happened in that 'gold graph' of your: international blackmailing, decades of naked short-selling, saudis trick or threat, sneaky germans...

It's easy to see the repeating pattern of Bitcoin here (takes a few secs to load) - I guess we'll see if it repeats again or just wanders off into oblivion...


https://docs.google.com/spreadsheet/ccc?key=0ArD8rjI3DD1WdFIzNDFMeEhVSzhwcEVXZDVzdVpGU2c#gid=1

We will soon enter the classic 'fear' phase where massive selloffs will happen. I'm not talking hundreds a minute, rather tens of thousands per minute being dumped until the system dies.
Bitcoin will not die off slowly, it will be with a big collapse and it will be any day soon.

Looks like you bitcoiners (geeks/libertarians/austerians/ron paul voters/tea partiers/republicans or some other freaks) need some basic education.

National debt for newbies:
https://www.youtube.com/watch?v=t6qHXtn0xX8

Part 2
https://www.youtube.com/watch?v=_1ioBsQIF0U

Part 3
https://www.youtube.com/watch?v=XzXrg3SBQLw

Part 4
https://www.youtube.com/watch?v=uYjbRISpvBo

Part 5
https://www.youtube.com/watch?v=TMeoi5fcDvs


After you study this carefully, I might provide you with some more material.

You can't say that since we got the warning almost everyday of this year... We are down 70%
The decline is actually always a slow bleed due to these permabulls who have no problem buying expensive coins!

Heya, Mr fewturd, bitcoin has been on the rise since 2009, it didn't just pop out of nothing in 2013 at 1200$/btc as you think it did.
LMFAO, what a dumb fucker you are.

 
You mean, when will the bubble start ?

If there is going to be a 'pop' of the USD market, you can be sure of some form of government intervention.
So that classic graph might not be applicable in the case of USD.