Thsi is nuts, everybody nuts here. The sell off will be epic.
I think anything will be less spectacular than the bulls-turned-bears are expecting. I like to think that the dumpers blew their wad in the $13s and that BTCers learned from 2011 and 2012 and have become more careful of crashes.
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Everyone's trying to guess the top, and I'm just sitting here holding my bitcoins.
/tolazytomakespiderman.jpg
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The market realizes that any price under $15.50 is a steal for BTC and $15 is too good to pass up. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) I believe I said this Friday when all the bears were trying to say otherwise ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
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I'm starting to think more and more that Kim is just a stupid guy who happened to get lucky with his service. I mean he knows how to provide that service but other than that he is a moron.
This reflects my thoughts exactly.
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It would take a massive amount of coins, and they would all move from the hands of one to the hands of many.
i dont think you understand how is working is the other way around Not sure what you mean. Care to clarify? I think he means that most of the current buys, or would potentially buy, are much fewer in number than those who would dump. So, i.e., three people sell all to one person. I'm not sure we have evidence to prove either hypothesis though.
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I am starting to have a hard time seeing anything below $14.50 happening soon. It's very clear buyers are very comfortable with $15.50 so any time the price gets close go below that people are going to buy to get a good deal.
Believing in single digits anytime soon based on dumps/panic alone at this point is an awfully stupid thing to believe.
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I sold some on the way up, too. Just reset (forget about it) and make new decisions.
This is good advice. Also, never sell ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
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There are more whales who not only read this thread, but post in it than you guys think.
Dear Whales, How do you type so well with them big ol' flippers? I've always wanted to know.
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You know a rally is strong when even I'm surprised by its strength!
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What I look forward to the most is when this guy gets shut down/assets frozen AGAIN and he goes on twitter and says "Man, if only I there was some sort of digital currency that could be used anonymously and is immune to the whims of major companies! IF ONLY!"
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According to my cat's instincts and analysis the next stop is more kibble in the food dish.
Stupid cat.
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Well, this rally may still have fuel left.
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Now we enter the post-rally whiplash phase.
I think we stabilize around $15.00-$15.10 or, at worst, back where we started the day. Just a guess.
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whats so special about 17?
Back in late 2011 or so they had an article that pretty much declared BTC dead because it went below $17. I'm not sure why they drew that line, but there ya go.
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Are we gonna do it? We gonna break $16?
I really can't wait until we break $17 so I can officially tell Wired magazine to go suck it.
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Seems like only yesterday I was considering buying at 14.3$ ... Oh wait, it was! Actually, my funds just didn't clear in time ![Angry](https://bitcointalk.org/Smileys/default/angry.gif) , damn you banking system, damn you !!! ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Still waiting for my funds to get there since last week. I'm never using gox again. I buy my coins through bitcoinroad.com. It still takes a couple days for things to process out, but the guy who runs it is super friendly and always responds to emails.
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For once, Adam's little market buy warning gif was dead on ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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See? This is why bitcoin will beat silver. The barrier to entry on the silver market is too high! We can't even figure out how much an ounce of silver is! At least we know 1 bitcoin is 1 bitcoin, there are no regional interpretations like, in Canada, 1 bitcoin is actually 1.125 BTC.
This +1
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Probably gonna see a pretty intense round of selling soon. My guess is large dumps down to $14, followed by a bunch of panic selling into the $13s.
If the lowest it goes is $13, I'd still be a happy guy.
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I certainly wouldn't mind seeing some bids start to fill up though. We're in a perilous spot currently.
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