Last time it went to 550, it went up to 550.

But eventually it would reach a point where I'd like my dollars to stop getting less valuable..... (hypothetically speaking)

The greatest myth of economics is that inflation is a natural and good thing. they will believe it to the end.

It needs more time if you ask me.

Cant you see that the latter is much more ingenious?

....+1

Ill buy when I see an order for 250 Bil.... unltil then, sheep be sheep.

Critical levels are about to be broken. 3400 on Huobi marks the last piece of resistance in price history short term. 545 Bitstamp, 550 BFX.

for the last 15 Hours on huobi a bot has been controlling the spread from 3479 downwrds. very creepy. I couldnt guess what it's doing.

seems like a bot is messing with Huobi. the spread is often 3470-3475, but the price keeps falling to 3450 without any volume or trade.

Huobi is getting hot..... wonder why.

.... It means HOLD. some people dont want search engines to see phrase trends, so they deliberately mis-spell the word.

same for shotr - short.

2.5k market sell on stamp...... the market is holding strong.

the forces that shape the bitcoins charts are not at all commercial, they are speculative. 1000 bitcoins a day is no big deal, especially in little chunks.

remember that those who spend with bitcoin are likely to buy those coins back if they are holders, and if they are not holders, chances are that they had to buy those coins before they spent them. the demand and supply re nullified.

Im not sure how to post graphs here, but has anybody else noticed that the recent drop has squarely bounced off that almighty trendline that BTCe sports so very well. The one that underlines the daily wedge.

MAbc would know what im talking about.

any sign of reversal at this stage would be significant for so many reasons....

I think the chinese that sold on the FUD want their bitcoins back too.

I maintain no bias tonight.

Huobi failed to break 3400 last night amid unclear PBOC statement. This is a sign of strength to me, although there is no sign of trend reversal yet.

The only thing to do in these conditions is to set low buys and hope for a flash crash, but until a break upwards of 600 or downwards of 630 or 3400 at least, I think we should only expect quiet consolidation.

is Huobi closed? I havent seen the price move for hours.

this is the quietest day I have ever seen.

Dont mean to butt in here, but Im following LTC closely.

..... obviously there was a bubble leading up to the launch on Huobi. fun short trading that.

I doubt that the launch will increase genuine demand significantly, so any recovery from the recent crash will be only a portion of the last bubble, and likely only profit taking because the crowd needs time to re-build trust.

I entered a long position today because the chart is over sold but down momentum is lost. I want to cash out at around $17-18, and short a bunch if it shows any sign of weakness.

only if you are prepared to lose all that money. Id say go for it. It could be a long wait.

we have bounced from critical levels, after the termination of a wedge. Huobi has stalled before breaching 3400, a critical level. given time, shorts will be covered.

I think we have reached a time for reversal or correction.

What is the bet?

Can I have a +1 for capitulation??