Oh I see. I somehow missed the one paragraph about ripple.

Well, ripple can only do what it does because it is centralized.

what does it have to do with ripple?

I'm waiting for macd

I prefer my strategy of using TA to place buys. I might not get the exact bottoms but I won't end up going down with a sinking ship one day either.

This should be a tough support level. A good bounce at least.

It went too high in 2013 and then the trend diverged and then major market sectors got cut off and then the trend diverged even more.

That's ridiculous. There are no similarities at all.

You mean you bet on something that didn't even happen yet. You can't pre-empt the indicators and predict what they are going to do.

No the lesson is to follow the daily chart over what is going on in smaller charts.

I would have added to my short at 592 but finex didnt follow stamp up there.

Why is 'what bobby lee said' always in some some kind of news article? Who cares? What makes anything he says credible? In fact I think he's a known pumper, right?

I think there's a serious cash flow issue in China. Every since there was the news about the QR code apps getting banned, charts at Huobi started looking like charts from mtgox.

Huobi has been trading just like gox when it was dying.

1. The ~10 minute confirmation time
2. The reliance on set encryption protocols which could be broken in the future (EC and SHA256). For something to become as big as a world currency, it needs to be trusted that the technology would last hundreds of years.
3. The blockchain size.
4. The amount of resources that the client uses on a device.
5. Other scalability issues, such as the amount of transactions which can be handled per minute.
6. Irreversibility of transactions.
7. The extreme ease of the average person losing coins due one of many vectors of mistakes and hardware failures, or hackers.
8. The technical difficulty for the average user trying to even use it.
9. Bitcoin commerce and usage has mostly formed within centralized entities even though it is supposed to be decentralized.
10. There are still humans who ultimately control Bitcoin and who must be trusted by its users, even though the system is supposed to be decentralized.
11. Volatility - it is not an attractive store of value for someone who just wants to use it as a store of value or a currency and isn't into investing or speculating.
12. The present distribution of wealth.
13. The reliance on the internet in order to function.
14. Also, what happens if the internet is split apart due to government firewalls.
15. Governments, corporations, and hackers could ultimate control and restrict Bitcoin usage if they really wanted. And mass adoption will not be reached when users have to do it illegally, run tor, and run checks on every client they download to make sure it isn't a hacked client. Even tor traffic or bitcoin traffic over tor could be blocked too by smart routers.
16. Some of the worlds most powerful contries have already banned or restricted it.

** add more here ** - anyone else is welcome

Does anyone have the updated number of the amount of coins that SecondMarket currently holds, including subtracting any sales?

According to some people here, btc is always on sale until it reaches $1,000,000

With this tiny volume, prices can be going down simply because of a lack of buying - there doesn't have to be a huge seller. Given that most of the volume on any exchange is daytraders, I don't think there's even enough volume to buy the 3,600 coins that are mined per day, and prices are just slowly bleeding out. I have never seen such a consistent low volume accompany a decline in bitcoin before - it is looking really bad. There's just no interest for some reason. If someone was actually dumping a load of coins, at any rate, the decline would be a lot worse, and you would see more volume to accompany it.

Yes.

Altcoins are now mostly dead to the threats/FUD about btc-e, and alt-coins were one of btc's biggest businesses.  This represents yet another sector of the market leaving, like gox and China. Now people are selling their bitcoins instead of holding them on altcoin exchanges to trade altcoins and there is a reduced incoming interest into crypto as well.

The people saying this are dreaming that bitcoin becomes a world reserve fiat currency as big as the USD (or bigger), but BTC has too many flaws to do anything like that.