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People here get fooled by the romantic/revolutionary stuff. This is business. This is money. It's not a game.
And we are deflating a bubble.
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The realization that we will probably not be seeing triple digits for the remainder of 2013. Who knows about 2014.  Regarding withdrawing, I don't have that itch because of a lack of trust in MtGox but mainly to protect myself against possible irrationality/mistakes (buying into bull traps). There is a certain barrier in depositing because it takes time, so you are likely to make a more informed decision. I think I can handle it though. At a certain point I plan to split between long-term BTC holdings and speculative money. |
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I dunno. Do you think everyone will forget that we already went through this before, and then came roaring back? Nothing is broken. Bitcoin works. Do you really think all the whales were just in it for a quick buck?
Enough of them to deflate this bubble. |
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Look how Nagle's MA provided resistance prior to the downturn.
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I'll create this thread should we ever hit single digits again.  |
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When the exodus of coins from MtGox started after the Dwolla situation, many in here said that fiat was following too, but that it would have taken time as it slower to move. Well, absolute maximum fiat on Bitstamp after Dwolla was $1.1m, and now is less than half of it. Fiat is really leaving Bitcoin for good, as expected.
Very true. The bubble has popped, and we are now in the process of deflating it until we hit CAPITULATION. ▼ mtgoxUSD 96.5000 ▼ bitstampUSD 90.9000 ▼ btceUSD 92.1320 Incredible how dysfunctional this market still is. Bitstamp keeps leading the way for MtGox now. If you are not out, get out.Unless you are prepared to hold for YEARS and willing to lose 100%. |
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Everyone wants the dirty fiat money.
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Don't forget the scamcoins. This time it's different. This time it's worse. |
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I'm not THAT bearish.
Are you?
No. |
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Time to decimate the USD from the order book, the best asset out there. The Great Dollar Extraction.
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If the price doesn't regain and maintain triple digits, I would see the bear market as confirmed.
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That's incredible.
Double Digit Bitcoins, Triple Digit Gold?
50% done.  |
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There have to be some of you out there. Does anybody believe Bitcoin will go below $10 again? |
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How about now? The final outlier MtGox has descended to the double digits.
We will be trading in the double digits for a long time. Notice how bitstamp and btc-e still have a much lower price than MtGox.
▼ mtgoxUSD 98.0000
▼ bitstampUSD 93.5500
▼ btceUSD 92.3100
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If you're not out, get out... of fiat. With everything collapsing against the USD, worst advice ever. I was unaware that the USD was the only fiat currency in existence, and that a statement referring to all fiat currencies must be directed specifically at the USD.... Do I sense an AMUR'KAN in the room? No, I am European (Euro country). But yes, the USD is obviously insignificant on a global scale.  |
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It's about triple digit believers now. The last believer (MtGox) has lost faith. |
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If you're not out, get out... of fiat. With everything collapsing against the USD, worst advice ever. |
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I disagree. The Germans really like security, stability and such. They are on bitcoin.de and perhaps bitstamp... We could put a poll on the German forum. But don't mention my stereotype statement. Believe me, the big money is where the big liquidity is, and that's MtGox. Certainly not bitcoin.de because that's not even an actual exchange. Anecdotically from people I know, I can speak for it being the case. Anyway, what are we even arguing about? Not like it makes any difference whether they are on MtGox or on Bitstamp. By the way, MtGox is probably the most trustworthy and secure exchange. And yes, I'm serious. http://lyle.smu.edu/~tylerm/fc13.pdf |
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