Good thing I waited for 1 day MACD as a sell signal.

Let's say that bitcoin traders made $1 billion this year. On average, they have to pay 30% in taxes. That means they withdraw $300 million worth of bitcoins to pay their taxes. That is a $300 million (in btc) dump. This may explain some of the recent action, and why Bitstamp might be overloaded with withdrawals at the moment.

Meanwhile...

New York to have regulatory framework in place and accept bitcoin exchanges no later than June 2014...

http://www.dfs.ny.gov/about/po_vc_03112014.htm

I'm not saying 400 will be reached but maybe just another drop in general (maybe only 500-550) followed by several weeks of sideways trading. The point is we might not be breaking out of the downtrend right now as everyone is predicting solely based on 2013 chart. Also, I'm not sure about this - it's just a possibility.

I only read the charts to make predictions; not the news. TA tells you the truth about what is actually going on as opposed to news which can lead to hype and misinterpretation.

The 3d is nowhere near crossing right now and it would take at least another week. Don't preempt the indicators and talk about "upcoming crosses" - there is no such thing. Check out this "upcoming cross":

Article on Risto's castle:

http://www.bizforum.org/Journal/www_journalJVP016.htm

One google dollars.

When I saw this thread a dark realization came upon me, we had not yet reached a sustained reversal.

What if... what if... bitcoin isn't the solution for the devaluing dollar, and people pick something else.

How do people draw these types of charts? What calculations do you use for the placement of each line, and to get the slope?

I'm starting to think this isn't a repeat of 2013 and we are going for a triple bottom.

This isn't going up until that whale comes back with his walls. Remember July and August? Every drop was magically stopped when that 1,000 wall started popping up - that was the signal to buy.

I've noticed that there has not been any high volume altcoin action in many months now, except doge and aur (which was very brief). This concerns me because I think it implies that the altcoin promoters and players have lost faith in bitcoin. One could wonder what kind of inside information the altcoin bigshots (like Fontas, who randomly disappeared to thin air) might have about Bitcoin. Now rather than having their btc tied up in altcoin plays or on altcoin exchanges, the players and promoters have their btc on the ready for sale for usd, or on a btc/usd exchange. Altcoin was a major source of bitcoin hoarding/distraction (much like gambling/satoshidice) so if these coins are not being used for altcoin trading then they are increasing the supply of bitcoins.

I've found only one way to profitably use altcoins: quick daytrading of a trending altcoin with high volume. Find an uptrending altcoin and locate the 'trendline' or 'trendcurve', or use EMAs. Bid against these levels so when there is a spike down, you get filled, and then you are instantly up on the inevitable rebound. You can either sell immediately with your rebound profit, or if you are bold, you can let the trend play out and sell at a different target or sell when the trend is breaking.

2K BTC is nothing. That's not a "dump". The real problem is that there is nobody buying.

During Buffet's long lifetime, he has probably witnessed the other versions of Edison's commodity currency rise up and then fail and that's why he thinks Bitcoin will fall too.

I don't think this is a good diversification strategy. Bitcoin is still so young that you shouldn't need to invest a fortune to get rich if it realizes its potential.

Price history. Also, this entire thread is sarcasm. Jesus.

Your daily fear:

A scary mtgox bitstamp parallel