Bitcoin Forum

Why?

- Press is heating up again.

- Summer fever is about to approach.

- Bitcoin is way undervalued. Period.

- A bottom has been established with all the recent dips.

I am ready for another bump. It's one event away from happening.

My Google radar is firing up more and more recently. Additionally, Stossel on Fox News just mentioned Bitcoin. As for the aspect: Just the currency in general.

College geeks are more active in the Summer. This grassroots support increases market activity.

As for the bottom, I'm no technical trader but I see it flatlining.

+1 Although I'm going long in steps.

What I find particularly interesting is the amount of coverage on the Forbes blog with 3 or so really good pro bitcoin pieces in the last 2-3weeks. That in itself is bound to grab some attention for the more serious investor.

Translation: I wished my mom lended me $5k to go full long with 1000+ bitcoins but it didn't happen.

Although you might think so, Atlas was an early adopter and does indeed have plenty of bitcoins of his own.

Pics or it didn't happen...

Nope, he deleted his wallet from the early days.

He has been here from the early days. That'll translate to much more bitcoins quite easily, unless he sold off them that is.

Oh, does it?
So, time passed posting ramblings on a forum about Bitcoin equates somehow to having a lot of bitcoins?
Did I get that right?

The fact that he knew about Bitcoin when the difficulty was magnitudes lower certainly does...

i certainly doubt it.  i'm willing to bet many early adopters have long since already sold most of their coins or lost them.  the pessimism was extreme back in November.

Not me! I doubled my holdings through trading :) And I will keep them and keep adding to them for the long term =)

Good for you!  i meant the non-smart ones!

So Atlas, what do you mean by "full long?"  5:1?

I found Bitcoin the first time around August 2009 and quickly wrote it off and forgot about it until I found it again around January 2011(yeah tell me about it :() and got amazed that the shit really worked and here I am...

Why don't you tell us what really happened: someone put up a 50K BTC wall at $4.60 and you now believe that we won't be dropping below that amount any time soon. It's certainly a tempting thought, but really I wouldn't put too much faith in "The Great Wall of 2012/03/27". Given the wall has already been touched a few times, the owner now has BTC to sell. All it would take is for the owner to drop the wall, sells off all the BTC he has purchased since establishing the wall. At that point, all you "full longs" are liquidated, further dropping the price and potentially causing a panic. Then the wall can reemerge at $3.90 or whatever the price hits.

TL;DR: Beware the walls, for they reek of manipulation.

I'm long too and market conditions outlook is looking good we are oversold, more oversold since 2011. short term resistance is 4.70