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This thread is certainly looking ridiculous now.
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Yes, at least they corrected themselves. Still, the China hype and most recently the MtGox hype (remember when everyone panic bought to 110?) were completely ridiculous.
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*enters the room wild-eyed, clothes ripped and gasping for air*
Did you not hear my cries for help?! I was stuck in that damn BTC-e trollbox for 4 weeks. 4 whole weeks dammit!
I felt like Stephen Hawking in a classroom full of prepubescent windowlickers, all of them trying to stab each other in the back for a $20 profit.
No amount of money is worth suffering that again, I'll trade LTC once it hits Gox and not a moment sooner.
My sanity, oh my precious sanity.
Oh, I like what you've done with the furniture...
*wanders off*
What happened to your nice trendlines? Update would be great.  1.8% daily growth if I remember correctly. That didn't work out too great, unsurprisingly. |
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Very interesting, that site was the biggest bull shill/bubble hyper post bubble burst with ridiculous stories like China and Argentina that accompanied the bull traps. |
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There is no Bitcoin economy and there never has been, it's all lies and deception to justify higher prices in the minds of a few bubble driven speculators. ASICs aren't an economy. The only thing we have are Silk Road and Satoshi Dice.
Aside from that, all other economic indicators I know of like bitcoinstore.com, Humble Bundle sales figures, Reddit Gold figures etc. suggest that Bitcoin simply isn't a currency. If anything besides a store of value, it's a USD proxy to buy certain goods.
I do think that Bitcoin can work simply as a store of value, but actual uses would be a boost, and I'd suggest to look for uses where Bitcoin has not only an advantage, but uses which without Bitcoin would be impossible.
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Here's something to think about. $99 coins are expensive, $101 coins are cheap.
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There are a lot more people paying attention to BTC now, compared to before the 4/2013 bubble, just like there were more then than there were for the 5/2011 bubble. This forum itself had 83,400 members by the end of 2/2013, and March/April/May/June increased that user count to 134,300. A 61% increase in registered users is pretty significant.
That's why the price topped out at 266 instead of 32. It's already priced in. The underlying psychology is the same. |
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"300k USD per BTC by end of 2013". – reptilia
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Looks like bears are getting ready to assault $92.2 and kill it for good, next stop $88. IMO bulls already know they lost the battle for $88, but it may bounce a little.
"If you're not out, get out." |
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Bids are looking very juicy, time for the next wave of millionaires to lock in their dirty fiat gains.
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Been that way for over a week.
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We are going to be trading in the double digits for the rest of 2013.
In 2011, we reached double digits for the first time at the beginning of June and left them beginning of August. It wasn't until over 1 year later in August 2012 that we reached double digits again.
If this happened again, we would reach $100 in June/July 2014.
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▼ mtgoxUSD 95.7721
▼ bitstampUSD 88.6900
▼ btceUSD 88.5290
Only a matter of time until MtGox follows.
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I'd put the recent description to samson on the top and separate it with a line from the historical part so whoever is interested can check out your track record and how this thread came to be.
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▼ mtgoxUSD 95.7259
▼ bitstampUSD 89.0500
▼ btceUSD 89.9860
It's interesting that the other exchanges are consistently trading lower than MtGox's low of 92. This has been going on for over a week now, so apparently there is still no efficient way to arbitrage it.
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Notice a pattern?  |
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stop reading the thread for a few weeks (june 7th till now...) and there's 300 pages of posts... bloody hell guys.
to catch up: what's the word on WHY the price is dipping below 100 lately? anything major happen?
The bubble has popped in April and now it's deflating. |
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Gold is a barbaric relic, deal with it.  it's "barbarous" relic. unless you're calling miscreanity a barbarian. Seems to be the same meaning.  Gold collapsing. Bitcoin collapsing. |
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No more triple digits for 2013.  |
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Oh dear, someone just established 100 as a resistance by buying to 100.44 and having it fall. Goodbye, triple digits. See you next year(s). |
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