As always, MtGox is the outlier of all exchanges desperately clinging on to sweet triple digit. Not for long.  |
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Seems like the price has been stable for the past months after the major crash from 260, good for merchants, bad for investors.
Is now the time to take it mainstream since the risk isn't high anymore?
No.  The price went to $2 after that. There is no stability in Bitcoin, it's only preparing for a massive move, and the longer and tighter it becomes, the sooner and more violent. |
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If micro transactions are bloating the chain they could be pushed to litecoin and the bitcoin chain could be freed for heavy lifting.
That same problem would occur on Litecoin then and you'd have to move on to Feathercoin and then to another scamcoin. |
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Robots. Robots building robots. The singularity and post-scarcity society is coming. I wonder if we will be needing money then anymore. |
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The rise of perception of altcoins is certainly something I foresee being a sentimental driver in the Bitcoin bear market, along with legal stuff and maybe debates over blocksize limit. It's going to be a complete disaster, and I'm looking forward to it.  |
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perhaps the thread should be renamed:
Gold collapsing, Bitcoin DOWN, Litecoin UP
You got it all wrong. Gold collapsing, Bitcoin DOWN, US Dollar UP. |
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Last LTC/BTC trade: 0.02732 BTC
*4 (total future money supply of Bitcoin's) = 0.10928. Over 10% valuation of Litecoin versus Bitcoin? I wouldn't even be willing to bet on that if I granted Litecoin a "backup" or "silver" function since that would be at a much lower valuation. Anyone buying at current levels for anything a little more longer term is betting on Litecoin dethroning Bitcoin as "#1 Digital Cash/Gold". Is the probability for that better than 10%? Very doubtful.
fundamentally this might not make so much sense, but markets are irrational, and this is why Litecoins could eventually rise to crazy levels - based on the technical chart picture
Sure, I would never argue that.  Personally though, I like having fundamentals and technicals align. I made some Bitcoins off Namecoin once, and somehow I just closed the "altcoin" chapter a long time ago as I firmly believe that no proof of work based coin can overtake Bitcoin. |
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Last LTC/BTC trade: 0.02732 BTC
*4 (total future money supply of Bitcoin's) = 0.10928. Over 10% valuation of Litecoin versus Bitcoin? I wouldn't even be willing to bet on that if I granted Litecoin a "backup" or "silver" function since that would be at a much lower valuation. Anyone buying at current levels for anything a little more longer term is betting on Litecoin dethroning Bitcoin as "#1 Digital Cash/Gold". Is the probability for that better than 10%? Very doubtful.
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Brought to you by your new Litecoin shill. I don't think so. I see it being Bitcoin DOWN and Litecoin DOWN (versus the dollar). |
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Who will be the last one to sell suckers triple digit Bitcoins?  Really now, I believe that after breaking 100, we are going to be trading in the double digits for a long time. |
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Let the games begin.
Let the Great Dollar Extraction begin. |
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Oversold and overbought only applies in a ranging market as trend reversals. When in a trending market, moving into overbought/oversold is to be regarded as the confirmation, and leaving it as a possible trend reversal. Check it out:  |
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What I mean is, the market is oversold. There's only a limited amount that can be sold, unless there is extreme pessimistic pressure. Eventually enough of it will go into long term hoarding/investing that the market will have no choice but to rise. Usually this is kind of market is marked by slow gradual falls that is very lethargic.
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Nothing to worry about then if you are in for the long term = years. Though if I were you, I'd take out the initial investment so that holding becomes much easier psychologically. That, plus throwing all the BTC on a paper wallet and move it to where it's inconvienent to get to (bank or whatever), leaving Bitcoin forums and completely ignoring anything Bitcoin until it's hyped in the news again would be my advice for super long-term bulls who refuse to sell during a bear market.
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ShroomsKit... Tell us the truth... Did you sell yet?
And Nagle... Did you buy, Nagle?
I don't sell. Ever. What's your entry (average price)? Have you taken out your original investment yet? If it drops more, can you afford to buy more? Just curious. |
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I have a theory:
People keep dumping because the price doesn't go up and the price doesn't go up because people keep dumping.
I think you can apply this to the last month at least.
Isn't it kinda stupid?
Yes, and the exact opposite happened until 10th of April. Aren't markets great? |
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The letter, signed by Paul Clayton, senior counsel at the Department of Financial Institutions (California’s financial regulator), gave the Foundation 20 days to respond, although it was only received last week. I wonder if it would have been more appropriate if Bitcoin Foundation had released this sooner (e.g., same day). At a minimum, if someone at the Foundation learned of this order and then traded before the order was publicly released, that might be something another government agency might consider to be "insider trading". Oh dear. |
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silverbox's GPL in big trouble.
DOWN 68%:
And Bitcoin down 65%. |
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Who will be the last one to sell suckers triple digit Bitcoins? |
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