Bitcoin Forum

Most of you know that I am an unashamed Bitcoin bull and have been so for a while now, but I think we are on the verge of some exciting times.

This Bitstamp issue might actually be a huge blessing in disguise.  It comes on the cusp of some major advertising for Bitcoin with the widely viewed Bitcoin Bowl and a good presence at CES this week just to name a couple things.  Roger Ver is bringing some press on the main page of Yahoo today (and on Business Insider) indirectly for not being allowed in the US, but it is press nonetheless. And these are just a few small things on the top of my head.  With the price undervalued right now (which I believe firmly that it is) It won't take much for the price to rebound.

That said, I feel strongly it is "when" and not "if" Bitstamp resumes operations, the price will jump and it will surprise all these newbies on the sidelines.  When they see the price move as quickly as some of us know the Bitcoin price can move, they will decide to throw some money in because they don't want to miss out.  That is how these bubbles begin.  It will just build from there. People throw in a little money, they see how much they earn in a week and they throw in more and so it goes.  How high will the price reach this time? Well that is debatable of course, but easily back to the ATH we achieved before.

So I feel like I am watching a storm in the distance and waiting for it to approach.  :)  Hopefully it is a tsunami and not just a few rain drops.

http://s15.postimg.org/awvoxokor/Do_you_have_a_minute.jpg
*Seriously tho, didn't your hubby used to post here?  He gone?

He will come back when the price rebounds.  I think the low prices depress him more than me even. ;)

Your username makes me wonder why you chose it. Do you expect special treatment because you're a chick?

Or perhaps chicken is just your spirit animal or something... :P
http://northglennews.co.za/wp-content/uploads/sites/51/2014/05/Chicken.jpg?9187d3

Well the bear market certainly didn't weed you out.  Notice I speak of bear market in past tense although there may be a possibility for 1 more slight new low, but the upside potential is huge.

two words. bitstamp hacked

You certainly have some strong faith in bitcoin. I just hope you don't go too far and you have a plan B for when (not if) the bottom falls out of the market. You seem to take things for granted based on your faith (ie. Bitstamp WILL re-open, and price WILL rally again) but there doesn't seem to be any catalysts on the horizon for such a move. There is no more momentum behind bitcoin like there was up until 2013, when merchant adoption was beginning and the silk road still seemed like a possible black market business model. Now people barely take notice when companies adopt bitcoin, China is out, and Ulbricht is behind bars (and his coins seized... so much for bitcoin being completely secure).

You're right that there is publicity, but most of it is associated with hacks, exchanges going under, and people who denounced their citizenship and trying to re-enter the country to pump their investment. Not a good image. Well, good luck to you.

Damnit, we were so close to bitcoin becoming boring.

I joined a couple years ago and there were even less females on this board then than there are now.

I think there have been times when I asked a stupid question and I have been treated a little nicer than some perhaps, but I have also been made fun of for my username too.   :-\

I agree and would add that whenever Lawsky gets his act together and promulgates his BitLicense regulations in final form, the least timid of the institutional investors and Wall Street will begin to dip their toes in the Bitcoin market. Given the size of their toes, this could cause quite a dramatic price increase.

I have posted this before but I agree that it is stupid not to invest more than a person is willing and able to lose 100% of.  Sure it is risky, but many investments are.  Hubby and I had our own business for a while.  That was risky too and we lost more money with that than we will ever lose on BTC.  Life is filled with risks.  It makes it more "fun" that way I believe. ;)

It's certainly a return to exciting times.

But will the storm brew for weeks, months, or years?

Typically Bitcoin bubbles do not last very long.  Hopefully we have a repeat of 2013 though with a couple great months.  Time will tell.

That's what I thought and probably I'm not the last person who makes fun of your username. I don't approve people indicating that they should somehow be treated differently than the majority because they have something else between their legs than the majority. Last time I checked bitcointalk.org did not have dating subforum and thus advertising your gender in these forums seems inappropriate. While it's good to know that there are females in the community, asking for special treatment basically says that you don't want to be treated equally to men. The latter gets you in a pretty uncomfortable position, considering the hypocrisy in feminism. If this place was anything like 4chan, any reference to OP being a girl would get an instant answer "TITS OR GTFO".

Unless stated otherwise, basically everyone on this forum is male. So why are you so fixated on her gender? Just because someone has "chick" in their name doesn't equate to them asking for special treatment  ???

Yup.  Storm's a-coming


Also,  why do the threads started by girls never end up being about what is in the OP?  And why is nobody getting after spooderman, traderman, jimbotoronto, adam, Fatman3001, Ivanhoe, billyjoeallen or ThatDGuy for advertising their gender?

This place could use a chickstorm.  :D

Because he's a sexist piece of shit. Look at his other posts, this guy is unbelievable. It wasn't long ago that he posted there should be genetic engineering on the human genome so that every man could have a beautiful woman and that all the beautiful women are already "taken"... maybe it's just because he's a total asshole and no one is interested in being with him.

last time i've checked, bitcointalk.org isn't zoo or animal care forum, so hyena's should be inappropriate for these forums more than any gender humans ;) don't ask for special animal treatment by calling yourself some animal.  maybe she is an alien trying to fit in with us humans and some animals ?!      
all of this is pointless bs

Aw jeez, I think you just jinxed everyone with this gut feeling of yours.

True.  It wouldn't be the first time I did that!  Granted, being a bull in 2014 was not an easy thing to be though.  I have high hopes for 2015! :D

If gender-specific usernames are not acceptable then neither should gender-specific avatars be acceptable.

It's good to know that some, however few, women are on bitcointalk.

My gender/username has been known to stir up some heated discussions. However, nothing gets as heated as when I talk about my faith on the forum (and I am not referring to my faith in BTC.  That is nothing in comparison. ;) )

It says the ratio is 4.6:1

Perhaps there are many women on here that are just not giving away their identity as easily as I am?  Probably the wise ones I have to say!  :D

So bitchick, how does it feel to be a future bitcoin millionaire??

Or is the word millionaire irrelevant since we will have evolved past Fiat

I don't think the next bubble will be impressive enough to make me a "millionaire" but who knows?

As much as I am a bitcoin bull, I try to live in reality too and like my mom used to say, "Don't count your chickens until they hatch." 

Also, as much as a million is a lofty goal or dream, it doesn't go very far in Southern California.  :D

Dude ou are riiiising, you are supossed to believe in Bitcoin. Who will battle fallling shilling then?

See you in 2023 as I drive my lambos, just lol at non believers in 2+2=4 (aka Bitcoin being a mega success in the future). It's like you guys want to be poor.

You mean the felon who gave up his US citizenship less than a year ago?
Either one of those commendable qualities is grounds for denying him entry to US :)

Saw this post on Reddit this morning about an epic short margin squeeze coming to Bitfinex.  Just another reason a bullish Bitcoin storm is forming. :)

http://www.reddit.com/r/Bitcoin/comments/2rqn9y/epic_short_margin_squeeze_is_coming_to_bitfinex/

But we have Disneyland.   ;D

Brah, not angry, just explaining to you why the goof won't be let into the country after his wacky antics.
And won't lie--chuckling at you a little.

.@BitChick:  Is your reptilian friend still holding your hand re. Bitcoin, or is that pretty much over?

At least the directions to Disneyland the officer gave were correct. ;)  

Nicely said. I have the same outlook. Hoping for the best.

It's ok buddy, no need to get upset.  Get back to sucking Roger's girthy D.
:)

I am still a fan of Risto. :)  I just haven't diverged into the Monero kick he is on though.  Who knows, I might be stupid not to play around with it, or other alt coins.  Why does it bother you so much that I am part of Risto's fan club?  He really helped me when I was a newbie and panicking like crazy after the first price drop.  I owe most of my Bitcoin holdings and profits to him.

It doesn't bother me, just find cultist hilarious.

http://s23.postimg.org/5p5exiji3/jimjones.jpg

Sorry brah, you're a nice boy and all, but you'll have to find another man to "agree with." :(

$300 within 15 minutes!

You sound like a pussy. No one wants to read your bullshit

I have visions of T shirts and bumper stickers that say "I survived the 2014 bitcoin bear market"

(only after the rebound of course ;) )

I thought I was the pussy on this thread   :D

Yes.  Hopefully we don't have to make "I survived the 2014 2015 bear market" shirts/bumper stickers. ;)

Well, the June 2011 all time high at about $32 wasn't surpassed until Feb 2013, separated by a bear market lasting 20 months. We're about 13 months into this one. Maybe the TA guys can say how long this one will last but I sure as hell don't know  :-\ ...

You got your stats wrong.

The bear market lasted from June 2011 to November 2011. 6 months. Then there was the reversal. The bull market started in November.

This current 2014-2015 bear market is the longest in BTC history. It has never happened before.

Whatever you call the interval between reaching one ATH --> significant downturn --> regaining the previous ATH, that lasted 20 months.

It's not necessarily slowly dying, there are now more bitcoins floating around than ever before. After the block reward halves there should be about three quarters mined of all bitcoins ever to be minted. Miners will have les to dump and the price should go up.

During previous bear markets there were less bitcoins floating round so hen people started buying it quickly pumped the price up.

Clearly, you are trying to make the case that the current bear market is worse than the previous one. Whatevs. 13 months after the ATH at 1100-ish, we're at 280, about 25% of the ATH. In contrast, 13 months after the June 2011 ATH of ~32, the price was stagnating at 7, about 22% of the previous ATH. It takes considerable judgment to decide which facts and statistics are the most relevant in the evaluation of bitcoin's long term potential and we may have some subtle or not-so-subtle differences of opinion.

If the bolded part of your previous statement (my bolding) means the world has never seen anything as kick-ass as bitcoin before, I agree.  8)

In 2011, it only take a few millions US dollars to push market up into rally, now it take a large factor higher to make it happen again. Much much higher than before. You need market like China to do this, but China is out and bitcoin being banned in so many country now. Merchant adoption doesn't matter anymore, some allow it because it cheap and satisfy the begging of bitcoin tards, but very very low number of users. Probably they remove it soon.

No more momentum or enthusiasm anymore, no more rally. Don't be a stupid. Sorry.

Bitcoin searches rising again. But could be because of Bitstamp tho.

http://puu.sh/efzxr/031625ce63.png

Can we have at least one thread (other than Risto's) in the Spec forum that DOESN'T get subverted and taken over by the trolls within 2 pages?

@BitChick: I agree with you.  Also since this is your thread, you have the power to delete any obvious troll posts (like the ones above from Mr. Buffert and NotFuckchop, hint hint  ;) )

If bitcoin so wonderful revolutionary technology, why you afraid of critique? It can not support itself on it's own merit? Nothing I or Mr. Lambchop saying can be proved to be incorrect, we been right for long time, and called "trolls". Smart people listening to our advice. Poor people listening to your advice. Bitchick, please delete the postings of Mr. Torque, he is obvious bitcoin shill.

Listen to you, a newbie troll account a mere 2 days old?  And you've known Mr. Lambchop for ages even though your account is brand new?  Not likely.

I agree!


We should have more threads like Risto's! Who doesn't like pages full of gentlemen pushing a scamcoin and calling BTC bottoms right before crashes?

Trolls, stop being right about falling BTC price!  >:(
Dumb trolls, just stop!  >:(

Merchants allow it because it's easy, they save on CC fees, and they get their money faster. Apparently, in your judgement, these facts are insignificant compared to the fact that there are (currently) not many users. Am I understanding the gist of your argument correctly?

Hey look, another one, fresh out of NotFuckchop's troll shitter...

Everything I saying is truth. But we should listen to you?


http://s1.postimg.org/64ldln3hr/panic.jpg

How large is this large factor? Are you talking something like a factor of 2, or something like a factor of 100? and what makes it large, in your estimation?

How many time I need to tell you pee poles? You need a new use application. ie. currency control cicrumvnetion like China in 2013. But now bitcoin banned in China and many other countries. There is no new use case scenario for bitcoin and momentum is dying. Merchant adoption makes no impact and bitcoin sales very low. Nobody with a college degree will buy this anymore.

Trolls have been right about BTC price all year while bulltards have been 100% wrong the whole time.


Bullish.

Nice pull from that thread completely out of context. If you couldn't tell it was complete sarcasm.  If you check my other posts from several days before and after that one, you'll see that I was very bearish and skeptical of the price action (which was still falling).

Here's one of mine in that thread from September 2nd:

Pee poles. Funny.

Your English is better than you're lettin' on ...

I'll hand it to you Mr. Torque, you did see this one coming:


But since all the exchanges are unregulated and ran by 20 year olds whose prior IT experience consists of launching Minecraft from a USB thumb drive, it's pretty much inevitable that they'll all fold at some point in the next few years.

It is lambchop, obviously. Hard to keep up with his numerous alts.

lambchop is on lunch break, I told him I'd cover. he should be back soon.

What do lamb chops eat for lunch, if I may ask? ... ???

Rogan josh?

The fun thing about that Eyes Wide Shut scene is that it was actually shot in Nathan Rothschild's house.

OMG, it's a huge event in magnitude comparable to the 'G' event.

I feel like there is a direct correlation between the stronger the reaction or trolling to the truth behind the message.  I get lambasted (pun intended ;) ) quite often for just having a positive outlook on where Bitcoin is headed long term.

so you are not advertising your gender ?
 ;)

You are right, this is pointless bullshit. I think BitChick is alright and from her replies I can tell that she does not expect special treatment.


Yes, let the butthurt flow through you. By the way, genetic engineering of humans is no joke, as much as it hurts your equality-deluded feminist way of thinking. I deliberately say these things out because I despise people who live in the fantasy world where all subspecies of humans and genders are equally intelligent and what not. This is simply not the real world. Open your eyes. Life is a constant struggle at all levels of its existence. Weak will die, strong survive. Don't hate the player, hate the game. Evolution takes time though so weaker genetic material will fade gradually out from existence so no individual has to be discriminated. They will just have a bit tougher time surviving.

The idea of genetic engineering of humans actually comes from this video:
https://www.youtube.com/watch?feature=player_detailpage&v=hdMKVXsYeos#t=694
(Guy who spent several years far in the future returns and gives an interview. Turns out that in the future all people look much more similar than today because of the genetic engineering. Their facial features don't vary so much. Consequently, there will be less ugly women :D)

fuck you guys are missing the point. I don't expect special treatment. it is a well known fact that women sometimes in the online forums indicate purposely what their gender is so that men would not talk to them like they talk to other men.

Maybe, some of us that have less feminist and more traditional ways of thinking, would like to extend the opportunity for men to act like gentlemen around us?  Not that I am expecting that in reality though. ;)

If you actually believe in your forecast, write it into the blockchain to be preserved forever, or you are just blowing smoke:

http://bit-comm.appspot.com/forum/Predictions

Remember when your friend had a vision from God to buy Bitcoin and I commented that maybe it was actually Satan? So, now that all this havoc was wreaked, was it really Satan now?

Satan got you REKT.

But that's unfair, you were advertising that you are Hyena since the very start! It is a well known fact that men at forums mostly don't talk to hyenas like they talk to other men  ;D

...are you seriously doubting that bitchick, someone who has never wavered from her bullish position, does not genuinely have faith that bitcoin will rally again?

It's already "preserved forever" on this forum, which in turn is archived.

Hah, it's funny you pointed that out because to be honest, people generally dislike hyenas. Hyenas as animals are very misunderstood, so by choosing to be known as Hyena I am actually putting myself in a poor starting position. So in a sense, I do expect to be treated differently because of my username :D how ironic.

Looks like price is falling again across exchanges. Just out of curiosity bitchick, what price would we need to fall to for you to lose faith in bitcoin adoption?

That's a fair point but it gets me to a grey zone where I don't really know what side to choose. On the one hand I am butthurt because girls abuse their gender privileges a lot to get what they want but on the other hand a honest girl with good intentions definitely deserves good treatment. Since you have proven yourself to be worthy, this paradox is not relevant any more.

No one can argue with my consistency.  The good news is if Bitcoin is wildly successful, I will be able to say, "I told you so" in a few years. ;D What women doesn't like doing that!  On the other hand, I might have to walk away in shame and say that all the trolls were (cough, choke, sigh) right.  :( But I feel confident that at this point the scales are tipped in my favor and anyone that has any sense of long-term vision can see that we are going somewhere!

I mentioned this a while ago on reddit.  I have my real estate license and I made the analogy once that the people that can "see" what Bitcoin is and will become are like the people that can walk into an empty house and envision what it will or can look like once the furniture is in place, or even envision what a wall knocked out can do for a floor plan that isn't ideal.  There are people that can only see a house for what it looks like at the present.  They look at the furniture (which isn't even being sold with the house) and say that they hate it and leave.  Sometimes home buyers even balk at a house because of the color of the paint.  Paint is very easy to change.  There are people that look at Bitcoin for what it is now and say it is a horrible investment.  It went down from $1200 to $280.  In reality they should be saying, "Now is an amazing time to buy!  It is only $280 and we already know it can get up to at least $1200!"  It is all in how you look at it.

That's a fine post and I also look at things the same way. That's the reason why I sometimes check out even fat chicks who have really pretty faces because I know that fat can be burned away, anyone can do it. But bone structure is much harder to change :D.

rofl :D

How noble of you.  What does the chick have to envision about you?  Perhaps that you can really love someone other than yourself and that you have the potential to really care about her as a person and not just a trophy on your arm?

Keep your bitter sarcasm and save your energy. Your image of me is malformed and the discussion you attempt to force on me is a folly driven by your fantasy of confronting that jerk-type-of-guy who is full of self-importance and whom everyone hates. For a moment I thought you're OK but boy that moment was short.

Seriously, you should stop embarrassing yourself. It's kinda painful to watch.

We all know you're not that guy, Hyena.

But you sure are doing a good job of impersonating that guy. Pretty impressive actually.

Right? I think his original question was reasonable (although totally random),but after that? Wow. Guy is a total fuckup.

I can't read Hyena.  Sometimes he can be the nicest guy ever then other times he comes across as the ultimate male chauvinist.    Perhaps he was just joking about how "even checks out fat chicks sometimes" because they could lose weight.  I hope it was just a joke.   But as a women that has struggled with anorexia and bulimia in the past because of a horrible culture that places way too much value on a women's weight, then couple that with the fact that men want skinny women but with a large chest ( It doesn't worth both ways unless the chest is fake 99% of the time) this struck a nerve with me.  Men can be so ridiculous sometimes.  Many place far too much value in a women's appearance.  For the men that are only looking for relationships with women that they find physically attractive I like to ask, "How many hours in the day can you have sex with someone?  You have to be friends with the person the other 23 1/2 hours."  Also, if a person dates and then marries a women based on her looks, what happens when the woman turns 40 or 50 and starts getting wrinkles and gray hair and maybe gains a pound or two?  Does he just trade her in for a younger better looking woman?  I guess if that is all that matters to them they do.  But the best relationships are based on friendship first.

Sorry this is way off topic.  Women love to go off topic though.  ;D

Good morning my fellow participants in this discussion!


YES! :D At times I play the ultimate test/honeypot for stereotypical thinkers who have inner butthurt for some issues and who will see in my words what they want to see. Remember, if I say something overly stupid or radical, then I'm probably joking. You can apply the latter even in your everyday life and you will be amazed how it saves you from getting into pointless fights and misunderstandings. Even if the other person is not joking, it does not hurt to laugh because that's a safe bet :D and always softens the situation. Remember, you don't want to really get into stupid human arguments because then emotions start to radiate and it will drain your personal energy. Don't feed the flyers. Pretend to be upset if the situation requires it but don't really be upset.


Yes, I was joking. I thought it was obvious because such level of exaggeration is typically a joke. SnokkomBTC even replied "rofl :D" and it should have been a hint for you. I'm sure he enjoyed a couple of good laughs, even I did laugh for several minutes for what I said, imagining a guy who would really check out fat chicks in that hope :D what a good investor that guy would be.

However, there are bits of truth to every joke, right? The joke has to be plausible in order to be good, remember Poe's law? In my situation it goes like this: I'm dating a girl who has some fat here and there but she is very eagerly hitting the gym and she has a face of an angel. It would be stupid of me to discard her for that extra fat. Thus, I ignore it, not even mention it, but I do compliment her for working out when it's appropriate.

I know that in our ill world we have all kinds of unnatural expectations for people and it brings much suffering. However, I also know that intent can work miracles (mind over matter). The appearance of your physical body is nothing final and can be manipulated with the use of unbending intent. Beauty is just a perception and since it's subjective to begin with, you can even change whether other people perceive you as beautiful or not. They who have read The Last Wish by Andrzej Sapkowski should remember that usually average or rather ugly girls were the best candidates for becoming a sorceress and of course one of their tricks was to appear as attractive. The danger of this lies in the self-importance of the practitioner as they must never give in to their ego or they will soon find a sad end. Self-importance kills, literally. So, one has an option to either give in to their self-pity and think that they can change nothing or change themselves and be amazed how it changes the world they reflect.

I think we can all agree that real beauty comes from a fixed supply and resistance to double spending.

And elliptic curves...

dem curves, phoarr :o

one question: if the price will rise in, i don't know, three days, of 15%, do you call this "few rain drops" or "a little single drop"?

http://s24.postimg.org/hv5i6crut/dude.png

That dude's face... :D

Some girls just can't take a joke. ;)

This. So much this. You'll easily add 10-15 years to your life by keeping a cool head.

great work, right there :)

i think you're overoptimistic and naive.. bitcoin raced way ahead of itself and still hasn't corrected to its true value yet.. think of dotcom bubble... time to come i don't think many hodlers like you will take that well...

On the other hand we may not even have seen the 'real' bubble yet. I also believe we may have gotten a tad ahead of the curve with the two bubbles back in 2013, but I don't believe we're 'hopelessly' ahead and are in for a ground shaking correction.

no way! no one on this forum could be making fun of your name! where ??

http://www.reactiongifs.com/r/dcln.gif

Did you forget to take your meds today?

Bitchick, I share your optimism about the price of bitcoin in the future. But I hope the next rise is from gradually building sustainable growth rather than another speculative bubble.

Of course if a bubble takes us to $10k for a little while I suppose I'd be OK with that too. :)

Gradually building sustainable growth is boring. ;)

I think one of the things about Bitcoin that excites new users/investors is that it does have periods of rapid growth.  Sure there is some people that join in just for speculative reasons but at least they are interested in BTC because of that and it causes a huge excitement in being involved with BTC.  The decline in price this past year frustrates me mostly because I am concerned that there are a large group of people that have lost all interest in Bitcoin.  I get frustrated when I hear people talk about how they want the price "stable."  There will be plenty of time for stability later but we are in the early stages of this and I think stability and even slow growth is not something we should even desire or expect.

a troll/sock/alt not reading a post before responding?

this must be a first.

When is Jesus Christ coming back, BitChick? When is Judgment Day?

If the angels don't even know, how am I supposed to?  :D

It is wise to be ready at all times.

Okay. Cool.

Jesus loves Bitcoin. He loves gambling. I read it in the Bible. 

Jesus was able to "mine" a coin from a fish.  I think he would have liked Bitcoin.  :)

But is Bitcoin really a true gamble?  I tend to think that I have found great treasure in a field and I am selling what I have to purchase it.  That is considered wise and not foolish.  (Mathew 13:44)

I gotta say this has to be one of the best "tl;dr" responses I've ever seen. I mean, Picard makes everything better, but this is pure gold. "Ship in a Bottle" If I remember correctly? The one where holo-Moriarty becomes self-conscious?

God or Satoshi -- which one is the best deity?

The Bible or The White Paper -- which one is the best Holy Scripture?

As you can guess I would choose the former, but you have all the freedom to choose to serve whomever you wish.

If I had to, I would surrender every bitcoin and all my fiat if someone held a gun to my head and said I had to "choose" but hopefully it never comes to that. ;)

Algorithm: PoM (Proof-of-Miracle)

Delusional investors still expect other parabolic rises. Imaginary returns make them dream at night.


Keep going gentlemen. We all know that speculative bubbles go up forever. Right?

markets don't suddenly shoot to the sky out of a downwardstrend, noobs. Especially not after important support was broken and longterm trends.
Is everyone still hodling like jaded gamblers?

btw: this thread title is pretty gay

To add to Mr. Trollin's comment above, I'd like to cite the old adage, "If you can't spot the bag holder in the room, then it's you."

Well put. Bitcoin speculation is essentially gambling, which I'm not explicitly opposed to, but it should be acknowledged for what it is. There are a lot of "troubling" signs exhibited on this forum, such as doubling down and chasing losses, which are classic patterns exhibited by compulsive gamblers and it's the way that many lose fortunes.

Personally, when I want to make a bet, I take it to the casino and play some poker, blackjack, or roulette. It's quick, and at least I have a 50/50 chance (or approximate). With bitcoin... the only direction from here is down :(

Um-  are you saying the title is "girly?"  My name is BitChick. ;)

As for markets not "suddenly" shooting to the sky, I guess you were not around in 2013?  It really did do that even after long and extended downtrends.  Honestly.  Crazy fun times.  ;D

We ain't in 2013 anymore darling  ;D

Times have changed. Now the majority of people that COULD be interested in bitcoin have heard about it in some way or another. We even had the "bitcoin bowl" for Christ sake!
Whoever didn't invest by now, is not gonna do it anytime soon.

In 2011 or early 2013 very few people knew what bitcoin was let alone consider the possibility of putting money in it. That was the perfect environment for a successful and profitable pump&dump/speculative bubble to take place.

Now that the media exposure has reached a plateau, no greater fools are gonna gamble putting significant portions of their savings in it.
All the naive "investors" that dreamed of riches late are all bagholding on the bitcoin section on reddit.


Hint: Just because price is still a gazillionX since bitcoin's first trade at mtgox, that doesn't mean that it's not a speculative bubble that is slowly collapsing  ;)

BitChick, ignore him/her/it and be at peace knowing that's one less poster who's logically fallacious drivel you"ll be exposed to.

 ;)

i was around 2013 and the market did not suddenly go berserk out of a downward momentum.

Indicators like the google trends were present back then which are clearly not now.

I'm extremely bearish because bitcoin is still in accumulation-mode for the next decade which means it'll come down and hit the bottom to stagnate there for the longterm. God knows what the bottom will be and if it ever recovers. I bet my money on the good alts which are coming out of their accumulation-phase right now. Bitcoin needs another decade. Let it rest in peace.

Still drinking the Wall Street Koolade?

Cultists. Sigh.

 :) ;) :D ;D 8)

Bearish on Bitcoin, bullish on altcoins. Sounds legit ::)

When fiat collapses bitcoin will be our salvation!

...Too bad scalability and blockchain bloat problems make it impossible for BTC to handle large scale economies  :(

Woops.

Is there an altcoin you prefer? Hmm?

No, there isn't.

Therefore we should all adopt right now something we all know (but not everybody wants to admit?) can't work as a global currency.

#Logic

Pft. Leave the hashtags on Twatter where they belong ;D

"Bitcoin is digital money as it was meant to be."

not forget 8)

Keep the faith, bitcoin will surely rise again.

Wait for the LORD and keep his way, and he will exalt you to inherit the land; you will look on when the wicked are cut off. --Psalms 37:34 

Bitcoin is the currency of tomorrow, today... for the people, by the people.  Do not listen to wicked trolls, they plot and scheme to betray our mission.

amen brother.

The "perfect storm" is right in front of your eyes. Anyone not buying BTC under $300 is going to miss a great chance to own more Bitcoin.

I guess that picture applies to you then.

I agree. It's going to shock almost everyone when it happens.

Please respond! I need a resolution!

If only to see what the perma trolls will spout on this forum then.

https://www.youtube.com/watch?v=drnDRESrfXI&feature=em-uploademail

Excellent video. This guy gets it. Storm indeed folks.

i've still got some coins tucked away in case this attitude is correct, but i think this bear market could drag out a lot longer. maybe there will be better times to buy than $250-300. ;)

It was probably just gas

Well, I did tell this particular friend to buy when the price was around $120 before the epic rise to $1200, so my advice even with the current price wasn't horrible.  It was later that she felt that God said to buy or maybe it was later when she finally asked Him?   

I think a very common question many of us have is with God's timing in things. ;)  There has been many times in life when things just don't make any logical sense to me.  I am not sure why she felt at that particular time she should buy or felt an urgency to do so. Or maybe I, in my ignorance, took her conversation about how she felt God was telling her to buy and encouraged her not to wait?  She already waited and in hindsight that was a mistake.  But then I think that if our investments were met with radical rises we might be too foolish in putting too much into them.  Or we are all just learning another lesson (this seems to be an ongoing lesson) in just having more patience.  :)

tl;dr Was it gas then?

Not this time tough, been monitoring the price since the bitstamp hack occurs and the highest it ever gets in the past week was like probably close to 300 but not even there. It's now slowly retracing back the previous low. I can see it will be moving lower this time round if it drops.

I believe that God is testing our faith. Only those who trust Him and His gift of bitcoin will be rewarded. So have patience my brothers and sisters, revolutions do not happen overnight.

Perhaps.  But who gave us the ability to even have gas!?  ;D

If I'm not mistaken...

http://upload.wikimedia.org/wikipedia/en/6/6e/Touched_by_His_Noodly_Appendage.jpg

lol that's a funny picture. I hope you don't mind if I show it to my pastor tomorrow  :)

Oh crap, a bullish projecting thread has turned into a parochial school. Only thing missing is the parson. :P

Was this the beautiful and very bullish storm you were talking about, BitChick?

 :D

Patience my friends.  Patience.  ;)

Same patience you have with a not existing god?

That's what loaded (lol) and Risto (lol) said at $700, $600, $500, $400, $300, $250.

Was this a message from Satan again? ???

How do you know God DOESN'T exist? We were all created by Him and endowed with riches from birth. So I'm not even concerned if bitcoin falls to zero. Think about it. How much is your vision worth to you? Would you sell it for a million dollars? Whether bitcoin ever reaches $1 million dollars or not, we are already rich, and that is thanks to God almighty.

So you are fully expecting Bitcoin to never go back up again ever?

To me it is just a waiting game.  If anything the infrastructure supporting BTC has only been growing and the chances of BTC going to zero are becoming less and less as time goes on. 

But feel free to not buy any coins, or just sell all you have if you so choose. 

You, madam, have balls of steel. Many oughta learn something from you :)
Going a bit off topic for a moment, haven't seen loaded arround for a while. Unsettling...

They probably unloaded upon gullible followers. ;D

I am getting a very strange sense of Déjà vu with all this panic selling.

I guess this is the kind of panic selling I should have been expecting all along though.  I really hoped we were beyond this but I guess it is just a sign that we haven't yet gotten out of the early stages of Bitcoin growth quite yet.

Loaded does seem to time the market pretty well.  Probably buying coins right now I suspect. But I agree that it is strange he hasn't shown up lately.  

Also, all this selling is just a major shaking out of weak hands.  Some of us that have been through this before realize it even more now than when we first invested in BTC.  The strategy is to not get emotional about it and buy more coins if possible when it dips this low.

This isn't low though. It's at least 210 dollars too high. Bitcoin is so insanely overpriced that it's ridiculous. And you'll learn that the hard way, by the forces of supply and demand.

You might be as deluded as is humanly possible

I think that many of the long term HODLers never expected it to get this low, have already invested as much as they are able at this point in time, and simply don't have the discretionary funds at the moment to provide strong buying support. Even the Tim Drapers of the world are quite possibly tapped out for now.

Sorry bitchick.. Bitcoin is not undervaluded. As a matter of fact.. It's over valuded today for what it is and does.

Were going down to the $100 range.. Get your orders ready.

 ;)

Alrighty.  If that happens you can have some bragging rights.  I still don't think it will stay down there that long.  We had a dip down below $100 right before the last bubble began.  It could still be a very good sign this is happening. 

The only thing we truly know is that no one knows what bitcoin's price is going to be 6 months from now.  Drawing waves on graphs, having a 'feeling', praying to your favourite deity, wild guesses, it's all the same.

Well, I hope bitchick sold before the crash last night. Most of the permabulls on this forum like risto and sgbrett are obviously just trying to pump their holdings, and don't give a shit about the people they dupe into buying their bags from them, but bitchick genuinely believed that we'd see another ATH. Unfortunately, the great bitcoin speculative bubble has run its course and it's basically just downhill from here to obscurity.

Maybe another cryptocurrency will rise with improvements that will take the place of bitcoin, but I don't see anything out there right now that would be safe and secure enough for mainstream that could improve upon the credit card model. So not for several years, at least.

"Say it ain't so, Joe!"

I see NXT as good candidate for hedge against falling BTC. For me it's No.1 to take place of fallen king and it's here today with great devs/community/features No pump there just steady growth so far.
   

It would be stupid to sell now I believe.  This is all just part of the "storm." The rebound will just be all the more exciting when it happens.  My husband isn't quite as bullish as I am though.  He was even talking about selling and walking away this morning.  That kind of talk just drives me crazy! 

A bull married to a bear is painful.   :'(

He hasn't beaten you for that last shrewd investment you made a few days ago, what was it?  @ $288?  Please tell me you're safe.

Now you really screwed up.

I'm waiting to see at what point the bearwhale has convinced all the momo traders to short and then slaughters them all.

If you think it's going to drop further, you should sell now and buy in cheaper when the bottom is finally in and *something* actually happens to warrant a rally. Which means, you might want to just get our for good now.

edit: And while I wrote those two sentences, price dropped another 10$...

A perfect example of why the more rational person in a relationship should be in charge of the finances. You screwed up, royally.

I know the feeling BitChick, my wife is the bear now.  What's worse is that she was the one screaming buy! buy! buy! when it was going up.   ::)

Gotta be in it for years to win it.

Yes!  He is the one that insists we buy when the price rises.  He never seems to remember this though when I remind him.  Then he says "I said we should sell at X amount but you would listen."  Granted, I am tend to be a very long term holder.  Playing the ups and downs feels a bit risky to me because we can't always time them correctly.  I just get frustrated on days like today when it the best price ever and he says we should sell them all.  :-\

All that said, we sold a large portion at $380 with Christmas to pay for and some debt we wanted to get rid of.  Really we are almost 100% in the black even if Bitcoin goes to zero (not entirely because we bought a few back at $270 or so)  All the trolls on here can just be quiet now.  Thank you.

You're idea of when to buy is misunderstood. The best time to buy is actually when a successful stock has gotten rid of the speculative investors and is on the rise after a shakeout from reaching a previous base has occurred and finished off. Look up cup and handle for example. A stock that is continually declining has no found base and that means nothing for when to buy. Right now is not a time to buy, there is no base to make a rational decision of what the future lies ahead. Volume is also at an all-time high. The point to buy would be when volume runs out and the low price slowly starts to rise. Even then though, this currency is down and down.

The old saying of buy low, sell high is very misunderstood. It is more important to buy when something is rising and doing well and when you see low volume, increase drastically as this shows institutional buying could be occurring.

Its all about looking at the graphs people and when it comes to the graphs, especially for speculative investments, history has repeated its patterns time and time again. With bitcoin right now, you can see nothing of such patterns. It would be dumb to buy right now. Hold or sell right now. Just keep in mind, the overall consensus is theres a much greater chance of your current investment losing 50% then it recovering by 50%, just look at everyone's mindset and also the lack of news in a positive light regarding bitcoin.

Aaaaand Back to $220! It's always darkest before the dawn  ;)

At least we are moving in the right direction now.  When we get into the 300s and 400's things will pick up more speed.

3 days for the Resurrection, then 40 days until the Ascension, iirc

Yes. Miracles can happen!  :)

I wouldn't count on it. Why don't you just make a compromise and sell half of your position and keep the other half? If you can't really afford Bitcoin going to 0 you have put yourself in a very dangerous position you don't want to be in when things go south again. :)

Dead cat bounce, anyone? I sold some more BTC at 220. Now it's 205.

The trolls are in full force.  This downtrend must be nearing the final phase

Aha.  Not this time, tho.  Good chance the coins you've just bought @278 came from your mentor Reptilia dumping his :-\

http://www.freebibleimages.org/storydata/photos/FB_Cleansing_Temple/overview_images/006-cleansing-temple.jpg?1357127421

Why do you assume I am in a dangerous position?  Husband sold off some a while ago and it more than paid for our initial investment at this point so really the remainder coins cost us nothing.  We could lose the rest and walk away with just sadness of what could have been. ;)  Granted, the cost average of all coins we had purchased (before he sold some off) was annoyingly close to what the price is now, but even though we are well in the black even with the massive sell off.  Buying in early 2013 puts us in a good place.

I think experiencing two bubbles also helps put things in perspective.  Bitcoin is a wild ride for sure!

You said before that pretty much all your savings are in Bitcoin and that at some point you were forced to sell coins to pay off some debt and bills, so that's why I assumed you can not afford Bitcoin going to 0. If you're really okay if something were to happen and BTC went to 0 or close to it then forget I said anything. Anyway just trying to offer my perspective, it helps a lot to stay cool and level-headed when you can pretty much forget about the money you put in Bitcoin and still be perfectly fine for many years to come. I am bullish myself on BTC right now but I also recognize the possibility of it going back down to $100 and much lower. For me it wouldn't be a problem if that were to happen.

I do think that we were overextended in December.  That is why my husband forced a sell off of about 25% of our holdings.  We had a zero percent credit card with a balance that he was not comfortable with (we always pay off our cards each month.)  He figured that if Bitcoin did go to zero, or declined substantially (which it did) we would could run into some problems later on so he decided that wasn't a gamble worth taking.

Perhaps it is good that one of us is more level headed.  I do tend to be the bigger risk taker in our relationship for sure.  But we are in a good place right now.  It could go to zero and it wouldn't really affect our quality of life at all.  Pretty much back to what it was before we ever bought BTC, and at the price it is even now, even better than when we started.  

It is nice not to lose any sleep when the price tanks.

My only sadness is that we don't have much liquidity to put even more into it right now.  We did purchase a little back, but not as much as I (the obsessed bitcoin bull) would want to buy!   :D

Good sound advice. :)

Well, everything seems to have turned out for the best. Wish I had sold in December! And bet you'll have a whole very boring 2015 to buy back slowly so that you don't scare your husband ;)

Investing in the bitcoin scam is akin to taking your hard earned cash and throwing it in to the wind of an F5 tornado. You'll never see it again, that's for sure.

In other words you are completely underwater.

Pretty accurate.

While it's not the optimum situation to be in it isn't highly unusual nor the end of hope for someone. There's many hundreds of thousands or millions of people underwater on their home investment and that is something that typically has to be paid off if they want to stay on the right path. This scenario is merely one where the underwater investment was already paid for back in time in full but just a little behind in valuation at the moment. Considering the untold many that have bought into this ballgame over the last year, it sounds like this particular case is pretty undeserving of using the 'completely underwater' terminology and is a rather mild one at worst.

Except that a house and land has value because people need homes and land to put them on. Bitcoin has no value, it's all purely gambling and speculating.

speculating=gambling=need=value
q.e.d.

Let's say you have $300 laying around.

You could either buy a ps4 with it, or 1.5 Bitcoin.

If the 1.5 Bitcoin loses all value in a year, well too bad, now you don't have money and don't have a ps4. It sucks, but it's not the end of the world.

On the other hand, if the value increases to say $750 or so, you could sell half a Bitcoin, buy a PS4 and still have a Bitcoin left for pure profit. Now  when the ps5 comes you have some Bitcoin left to buy it.

Financial markets have ups and downs, as long as you are patient during the lows, another high will eventually come. If you have the balls to just hold on to your assets, you'll never need to make a loss.

That is not what that term means. Underwater implies that equity is zero and debt exceeds value of an asset. There is no debt and price is not zero.

What kind of equity does Bitcoin provide?

If "lottery ticket" can be substituted for "Bitcoin," without substantially altering the gist of your argument, your argument sucks.

Access rights to the premier blockchain distributed database technology and the global network of computers communicating transactions with the bitcoin protocol. Also equity shareholding of the limited issuance crypto-token that is native to the bitcoin network.

Surprised you didn't know all this actually.

 
The current value if instantly traded into your local currency. Minus the risk of getting the value out of the exchange.

Keep telling yourself to be "Investors", and I'll stay a speculator and a spectator. (The person just standing, pointing and laughing)

And we're laughing at with you.

sounds boring ... what happened to your avatar? it was perhaps your only redeeming quality as a terminally toxic poster.

Ask thermos, I changed it for a flashing bill cosby image coincidentally prior to the latest forum defacement. When the forum came back it was gone.
I might get paranoid about it or perhaps thermos did.

I just wanted to say that I believe that now is the time when a beautiful and very bullish Bitcoin storm is forming. :D

Better late then never!   :D

I am almost numb at this point.  If it happens, great.  If it doesn't happen, it was fun while it lasted.

But I am a bit curious why it is taking so darn long to warm up.  With all the grexit talk, China's stock market issues and so on, what does it take to get the ball rolling!? 

People are still afraid to buy.. If the trend is not over, they will get dumped on hard.. On the other hand, people might lose willingness to dump at these prices and we are in for a ride!

The unbashing storm of bitcoin is approaching , eh ? I hope it leaves people startled as the bitcoin bubble needs to be more than effective to gain a good space in market. The investors who are willing to risk it all , might get huge benefits. But a plan B should always be ready.

I really like this projection: https://www.tradingview.com/chart/BCHAIN/MKPRU/6rcT6FUL-Bitcoin-s-next-bubble-are-we-heading-for-12-000-next-summer/

I think August will be an interesting month, I do agree that there is a storm forming.

It's foreplay. I thought you girls liked that. Same thing happened in 2013. After 8 green weeks (according to the weekly chart) the parabolic rise should start becoming visible. We are currently 5 weeks in green. Give it some time, about 3 weeks.

http://s13.postimg.org/hsi709puv/chart.png

I would never advise anybody to put all their money down to bitcoins, or any other source regardless of how much it will sky rocket, boost blah blah. Never gamble with the money you cannot afford to gamble, you need to treat money with some respect too. I have always played smart and payed wise with my investments. Never go so big that you have no home to go.

Ignore that guy, he's full of shit and bad advice.

It is OK to do absolutely nothing for 10 years and to play it safe while waiting for the right time to GO ALL IN. Now is the time to GO ALL IN. Bitcoin has never happened before. It is the shift in financial paradigm. Taking high risks all the time will make you a loser. Taking low risks all the time will make you a loser. Taking the high risk at the right time will make you a billionaire.

I think we are seeing a repeat of 2013.  Once things get heated up here hopefully we have a bubble then followed by another bubble when the halving hits next Summer.  It is certainly a great time to go "all in!"  ;D 

Always spread your legs when things get warmed up.
#Greendragon

Thanks for sharing this one. A good read and a good view provided with some definite explanation with a definite chart. :)
I think a storm is really coming. It's all bubbles all the way to the next halving of July 2016. :D

Can be good to see future like this.  ::)