Me too. In my personal account, I covered and started long from 280. Our team account is controlled by algorithm, whose actions cannot be disclosed...

Wait for the big spike to confirm this bottom is the FINAL bottom before the BIG rally. I will PM you once we arrive there.

真的是最后一跌，是花街一贯的先杀牛再宰熊，最后做大牛市的手法！大家查查当年BAC跌下5刀，JCP跌下5刀之后的发展。美股到5刀以下就算penny股，养老基金不能买的。当时就如同末日一般，无数traders群起而short之，最后花街大手笔暴力狂拉，把所有bear都挤出翔来！

花街是牛熊通吃。但最终在量化宽松的支持下还是会做多的！

比特币就相当于一套支付系统公司（如visa公司）的看多期权，所以它是有内在价值的。价格可以短期偏离价值，但不能永远偏离价值！

Of course you will, most traders cover and start go long from $280. They trade bi-directional. No one is permabear.

pump前不低吸一下筹码还是花街吗？我说下周pump，也没说发帖后24时内pump啊！

现在的砸盘不就是为之后的pump提供廉价筹码吗？

NB的交易员都是做双向的，SB的交易员只做单向。

别人恐惧的时候就应该开始贪婪了。280-290绝对可以抄底了。

If the price drops like this, mining equipment will be worthless on eBay as well. And don't forget eBay charges a 10% final value fee that further rips miners off.

GG = Good Game? Or what?

大家可以开始入场了！$280到$290这个价位可以无脑入货了。pump下周开始，到时各种bid墙就会涌出来的。

Nice finding. So this drop may also be an artificial dump to accumulate cheap coins and then BTC China will start the real pump soon again.

If it is not profitable, why don't miners unite each other and ration the supply? Miners behave like faithless dumpers that adds fuel to the fire. Unbelievable.

双底都已经成型了，还在这装冷静，装大师。中国的股市就是就一群伪清高的伪大师们毁掉的。

最后一跌就是这次了。

泼点冷水谁不会啊，能告诉大家什么时候进场才是本事。

So, it’s apparently official: According to Bloomberg.com, Bitcoin is the worst performing currency of 2014. This and other articles seem to delight in the fact that the virtual currency has lost over 70 percent of its value in Dollar terms this year. It has, they gleefully point out, fared even worse than the Ruble!

From a long term perspective, however, Bloomberg handing the title of “worst performing currency” to Bitcoin is just another sign that BTC is here to stay.

The bad news, as encapsulated in those stories is obvious. The seemingly unrelenting fall in value has been dramatic, but not particularly surprising given the starting point. The dramatic drop this year is in part down to a calendar coincidence.


At the end of last year, Bitcoin was just beginning to deleverage following an enormous speculative bubble. Much of the meteoric rise above $1000 was fueled by Chinese buying and, once the government of that country attempted to put the brakes on the market, a collapse of sorts was predictable. What many critics don’t seem to understand, though, is that even many supporters see that collapse as a healthy thing. Those who embrace Bitcoin and see the potential come in many different forms politically and otherwise, but they all share one trait: a belief in the power of free markets. The fall in price is simply evidence that the market is functioning as it should.

Inevitably, given a large degree of public hesitancy about the local currency there, Chinese interest is back now that the initial panic is over, and once again the majority of trading is originating in that country. The gold rush effect of miners looking for easy money has gone and making money at that game is now, as should be the case, about innovation and cost control. Market forces have, as they usually do, regained the upper hand and that hand is having a steadying effect.

The good side of the coin (pun intended) is that all of this has increased recognition, and therefore acceptance, enormously. Merchant acceptance has increased exponentially this year and that is no doubt a positive for the future, but more importantly public awareness and acceptance has taken off. All of those opinions, whether good or bad, generate discussion and that increases awareness.

The extent to which that public acceptance has increased is actually evidenced by Bloomberg referring to Bitcoin as the year’s worst performing currency. A year ago most mainstream media outlets saw Bitcoin as a fad with no real value and were skeptical of its role as a real “currency.” That they and millions of others can now understand that a currency doesn’t necessarily have to be government issued and that all are based solely on a perception of value is an enormous leap forward.

Even if the doom-mongers are correct and Bitcoin fades away, that legacy will remain. I suspect that Satoshi Nakamoto, the pseudonym for the founder(s) of Bitcoin, would call the exercise a success if, as a result, the general understanding of the underlying assumptions behind fiat currencies increased. Fading away, however, looks unlikely.

2014 has been the best of years and the worst of years for Bitcoin. Awareness and, more importantly understanding, have increased significantly, even as the price drop has continued. As I wrote last week, that dynamic will likely continue into the first half of next year, but eventually increased usage and liquidity will eventually result in stability, at which point supply and demand will take over. It may seem strange to embrace the title of “worst performing currency,” but the status of currency that that title implies simply hastens that time, so should be welcomed.

Several Chinese bearish traders who supposed to have $3-5 million assets each. They open private chat group and gathered as many stupid believers as possible to short the bitcoin. They usually attach during the night.

不用担心，最后一跌。最后的bearish attack.

Don't you know that Chinese exchanges use bots to fake the volume and manipulate the spread?

If his exchange is honest, then it would be a huge advantage over the other cheating ones.

Dude, the Chinese exchanges are notorious for their faked volume and manipulating bots. We definitely need some new blood to wipe out the corrupted exchanges here. I support you by all means. Please list you address below and I will send you 5 BTC as a courtesy donation.