If bitcoins are $320 on Christmas day, you would rather have waited!

+1 we haven't had a real crash for a long time.

Miners, y u no sell?

(They will eventually)

On this tiny volume, nothing is support. I'd put support down somewhere around $765 now -- not too low. The lack of real dumps yesterday made me bullish. The lack of real buying pressure makes me bearish now.

With the warnings in the press in China, China's waiting for a signal from Gox to move up. Gox is waiting for a signal from China. This likely won't end that well.

It's Monday here. Market is asleep.

Dump every time mania gets out of control. Eventually sentiment turns. Dangerous game though.

If everyone finds out at once, that is your cue to exit. I'd rather have a few more years of slow 10x growth first.

BTW CCTV news and radio is already running segments advising people not to buy bitcoins, that it is too risky. This is the start. If people do lose their shirts in  a massive "choo choo to 2k" bubble and subsequent pop, it will be a very long winter -- and the excuse the government here needs to regulate.

Call me greedy, but a 2k cash grab isn't really what I want for bitcoin. I was hoping for bigger things. Double top at $900 is probably the best scenario right now.

A good crash now, test *real* support, let the exchanges work on improving some more and some more infrastructure being put in place, and we can be very wealthy early adopters. Alternative is 50% or more of us get shafted in a few weeks.

Sorry, I don't want to see a mass adoption bubble right now. Too early. I'd rather have 5-figure coins in the future than a mad gold rush now and millions of Chinese losing their shirts in a massive bubble.

This is all a bit off base.

A) There aren't many sellers accepting bitcoin in China yet -- that part is just not true. We're trying to change that, but don't get sucked into believing BTC is everywhere (yet).

B) The government doesn't care about Bitcoin too much yet -- the one thing they do care about above all else is "social stability" (read: "keeping power"). Anything that potentially destabilises that is a problem. A huge gold-rush like move to BTC would potentially be very damaging if lots of people lost their shirts in a crash. As such, the government is already trying to damp the flames a little. Recent CCTV and radio reports advise people not to rush and buy BTC, that it is unstable and dangerous.

The best thing that can happen now is a long consolidation. This constant push upward, potentially through 2k, will cause a spectacular crash with some potentially very negative consequences for all of us. We all need a bit of a breather.

Hi,

Some people have been finding ways to arbitrage successfully on rmbtb.com.

As a foreigner, you can get an Alipay account, but you can't withdraw more than CNY 2k without being verified (which requires a Chinese ID).

However, some people have been able to buy products/services on Taobao using their Alipay account but indicating us as the payee. This is fine for us; we charge a 0.5% fee. On Taobao you should be able to find money transfer services (e.g. PerfectMoney). We are not affiliated with these in any way, and don't offer any recommendations.

Hi,

Some people have been finding ways to arbitrage successfully on rmbtb.com.

As a foreigner, you can get an Alipay account, but you can't withdraw more than CNY 2k without being verified (which requires a Chinese ID).

However, some people have been able to buy products/services on Taobao using their Alipay account but indicating us as the payee. This is fine for us; we charge a 0.5% fee. On Taobao you should be able to find money transfer services (e.g. PerfectMoney). We are not affiliated with these in any way, and don't offer any recommendations.

Hi,

Some people have been finding ways to arbitrage successfully on rmbtb.com.

As a foreigner, you can get an Alipay account, but you can't withdraw more than CNY 2k without being verified (which requires a Chinese ID).

However, some people have been able to buy products/services on Taobao using their Alipay account but indicating us as the payee. This is fine for us; we charge a 0.5% fee. On Taobao you should be able to find money transfer services (e.g. PerfectMoney). We are not affiliated with these in any way, and don't offer any recommendations.

You are welcome to trade via rmbtb.com.

You can sell coins directly on the exchange -- no need to use a third-party. You can withdraw via buying products on Taobao. You should be able to find sellers offering e.g. perfectmoney services that can wire money through.

Maybe the reason it's like that is because you're not the only one 

+1

This is far from healthy. One week ago -- only 7 days ago, we were at $400. And now we are on the wrong side of what will look to many like a big bubble peak and subsequent bull trap.

All your bottoms are dumping.

This place is like an assylum for tourettes sufferers sometimes..... Lots of people running around randomly shouting "BOTTOM" at every opportunity.

If you think this is a healthy precursor to a bull run, be my guest, but don't say I didn't warn you.

In fact the tape has been painted all the way up. Just go with the flow. There's no exuberance here, just a dream of what might have been.

Bitcoin is being remarkably forgiving today -- a beautifully formed crash and subsequent bull trap peak, on lower volume. Get off at this station for some light refreshments before the moon shot. The next station is way back, and on fire.

Yes, we had a bullish run to $160.

If it's obvious, it's not a trap.

he said, looking down?